Subsequent Event

6 Months Ended

Jun. 30, 2014

Subsequent Event

Subsequent Event

21.   Subsequent Event

        On August 6, 2014, our Board of Directors (BOD) authorized the repurchase of up to $1.0 billion of CF Holdings common stock through December 31, 2016. Repurchases under this program may be made from time to time in the open market, through privately negotiated transactions, block transactions or otherwise. The manner, timing and amount of repurchases will be determined by our management based on the evaluation of market conditions, stock price and other factors.

        Also on August 6, 2014, our BOD declared a cash dividend in the amount of $1.50 per share, payable on August 29, 2014 to holders of record as of August 18, 2014. This represents a 50% increase in the Company's prior quarterly cash dividend of $1.00 per share.