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Stockholders' Equity
 9 Months Ended
Sep. 30, 2020
Equity [Abstract]  
Stockholders' Equity Stockholders’ Equity
Treasury Stock
On August 1, 2018, our Board of Directors (the Board) authorized the repurchase of up to $500 million of CF Holdings common stock through June 30, 2020 (the 2018 Share Repurchase Program). In 2018, we completed the 2018 Share Repurchase Program with the repurchase of 10.9 million shares for $500 million, of which $33 million was accrued and unpaid at December 31, 2018 and was paid in the first quarter of 2019. In February 2019, we retired all 10.9 million shares that were repurchased under the 2018 Share Repurchase Program.
On February 13, 2019, the Board authorized the repurchase of up to $1 billion of CF Holdings common stock through December 31, 2021 (the 2019 Share Repurchase Program). Repurchases under the 2019 Share Repurchase 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. In the nine months ended September 30, 2019, we repurchased approximately 5.7 million shares under the 2019 Share Repurchase Program for $250 million, of which $2 million was accrued and unpaid at September 30, 2019. In the first quarter of 2020, we repurchased approximately 2.6 million shares of CF Holdings common stock under the 2019 Share Repurchase Program for $100 million, which we retired in the second quarter of 2020. No shares were repurchased under the 2019 Share Repurchase Program in the second or third quarter of 2020. At September 30, 2020, we held 27,392 shares of treasury stock.
The following table summarizes the share repurchases under the 2019 Share Repurchase Program.
SharesAmounts
(in millions)
Shares repurchased in 2019:
First quarter1.5 $60 
Second quarter2.7 118 
Third quarter1.5 72 
Fourth quarter1.9 87 
Total shares repurchased in 20197.6 337 
Shares repurchased in 2020:
First quarter2.6 100 
Shares repurchased as of September 30, 2020
10.2 $437 
Accumulated Other Comprehensive Income (Loss)
Changes to accumulated other comprehensive income (loss) are as follows:
 Foreign
Currency
Translation
Adjustment		Unrealized
Gain on
Derivatives		Defined
Benefit
Plans		Accumulated
Other
Comprehensive
Income (Loss)
 (in millions)
Balance as of December 31, 2018$(250)$5 $(126)$(371)
Gain arising during the period— — 5 5 
Reclassification to earnings(1)
— — (1)(1)
Effect of exchange rate changes and deferred taxes(8)— 1 (7)
Balance as of September 30, 2019$(258)$5 $(121)$(374)
Balance as of December 31, 2019$(188)$5 $(183)$(366)
Gain arising during the period— — 1 1 
Reclassification to earnings(1)
— — 5 5 
Effect of exchange rate changes and deferred taxes(30)— 2 (28)
Balance as of September 30, 2020$(218)$5 $(175)$(388)
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(1)Reclassifications out of accumulated other comprehensive income (loss) to earnings during the three and nine months ended September 30, 2020 and 2019 were not material.