XML 69 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Income Statement [Abstract]                      
Net sales $ 1,216.5us-gaap_SalesRevenueNet $ 921.4us-gaap_SalesRevenueNet $ 1,472.7us-gaap_SalesRevenueNet $ 1,132.6us-gaap_SalesRevenueNet $ 1,326.3us-gaap_SalesRevenueNet $ 1,097.0us-gaap_SalesRevenueNet $ 1,714.9us-gaap_SalesRevenueNet $ 1,336.5us-gaap_SalesRevenueNet $ 4,743.2us-gaap_SalesRevenueNet $ 5,474.7us-gaap_SalesRevenueNet $ 6,104.0us-gaap_SalesRevenueNet
Cost of sales                 2,964.7us-gaap_CostOfGoodsSold 2,954.5us-gaap_CostOfGoodsSold 2,990.7us-gaap_CostOfGoodsSold
Gross margin 444.3us-gaap_GrossProfit 301.1us-gaap_GrossProfit 590.3us-gaap_GrossProfit 442.8us-gaap_GrossProfit 593.8us-gaap_GrossProfit 386.1us-gaap_GrossProfit 865.2us-gaap_GrossProfit 675.1us-gaap_GrossProfit 1,778.5us-gaap_GrossProfit 2,520.2us-gaap_GrossProfit 3,113.3us-gaap_GrossProfit
Selling, general and administrative expenses                 151.9us-gaap_SellingGeneralAndAdministrativeExpense 166.0us-gaap_SellingGeneralAndAdministrativeExpense 151.8us-gaap_SellingGeneralAndAdministrativeExpense
Other operating—net                 53.3us-gaap_OtherCostAndExpenseOperating (15.8)us-gaap_OtherCostAndExpenseOperating 49.1us-gaap_OtherCostAndExpenseOperating
Total other operating costs and expenses                 205.2us-gaap_OperatingCostsAndExpenses 150.2us-gaap_OperatingCostsAndExpenses 200.9us-gaap_OperatingCostsAndExpenses
Gain on sale of phosphate business                 750.1us-gaap_GainLossOnSaleOfBusiness 0us-gaap_GainLossOnSaleOfBusiness 0us-gaap_GainLossOnSaleOfBusiness
Equity in earnings of operating affiliates                 43.1cf_EquityInEarningsOfOperatingAffiliates 41.7cf_EquityInEarningsOfOperatingAffiliates 47.0cf_EquityInEarningsOfOperatingAffiliates
Operating earnings                 2,366.5us-gaap_OperatingIncomeLoss 2,411.7us-gaap_OperatingIncomeLoss 2,959.4us-gaap_OperatingIncomeLoss
Interest expense                 178.2us-gaap_InterestExpense 152.2us-gaap_InterestExpense 135.3us-gaap_InterestExpense
Interest income                 (0.9)us-gaap_InterestIncomeOther (4.7)us-gaap_InterestIncomeOther (4.3)us-gaap_InterestIncomeOther
Other non-operating—net                 1.9us-gaap_OtherNonoperatingIncomeExpense 54.5us-gaap_OtherNonoperatingIncomeExpense (1.1)us-gaap_OtherNonoperatingIncomeExpense
Earnings before income taxes and equity in earnings of non-operating affiliates                 2,187.3us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 2,209.7us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 2,829.5us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax provision                 773.0us-gaap_IncomeTaxExpenseBenefit 686.5us-gaap_IncomeTaxExpenseBenefit 964.2us-gaap_IncomeTaxExpenseBenefit
Equity in earnings of non-operating affiliates—net of taxes                 22.5us-gaap_IncomeLossFromEquityMethodInvestments 9.6us-gaap_IncomeLossFromEquityMethodInvestments 58.1us-gaap_IncomeLossFromEquityMethodInvestments
Net earnings                 1,436.8us-gaap_ProfitLoss 1,532.8us-gaap_ProfitLoss 1,923.4us-gaap_ProfitLoss
Less: Net earnings attributable to noncontrolling interest                 46.5us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 68.2us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 74.7us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net earnings attributable to common stockholders $ 238.3us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic [1] $ 130.9us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic [1] $ 312.6us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic [1] $ 708.5us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic [1] $ 325.8us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 234.1us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 498.2us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 406.5us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 1,390.3us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic [1] $ 1,464.6us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 1,848.7us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Net earnings per share attributable to common stockholders:                      
Basic (in dollars per share) $ 4.83us-gaap_EarningsPerShareBasic [2] $ 2.63us-gaap_EarningsPerShareBasic [2] $ 6.12us-gaap_EarningsPerShareBasic [2] $ 12.94us-gaap_EarningsPerShareBasic [2] $ 5.73us-gaap_EarningsPerShareBasic [2] $ 4.09us-gaap_EarningsPerShareBasic [2] $ 8.43us-gaap_EarningsPerShareBasic [2] $ 6.53us-gaap_EarningsPerShareBasic [2] $ 27.16us-gaap_EarningsPerShareBasic [2] $ 24.87us-gaap_EarningsPerShareBasic [2] $ 28.94us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) $ 4.82us-gaap_EarningsPerShareDiluted [2] $ 2.62us-gaap_EarningsPerShareDiluted [2] $ 6.10us-gaap_EarningsPerShareDiluted [2] $ 12.90us-gaap_EarningsPerShareDiluted [2] $ 5.71us-gaap_EarningsPerShareDiluted [2] $ 4.07us-gaap_EarningsPerShareDiluted [2] $ 8.38us-gaap_EarningsPerShareDiluted [2] $ 6.47us-gaap_EarningsPerShareDiluted [2] $ 27.08us-gaap_EarningsPerShareDiluted [2] $ 24.74us-gaap_EarningsPerShareDiluted [2] $ 28.59us-gaap_EarningsPerShareDiluted
Weighted-average common shares outstanding:                      
Basic (in shares)                 51.2us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 58.9us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 63.9us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares)                 51.3us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 59.2us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 64.7us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
[1] For the three months ended March 31, 2014, net earnings attributable to common stockholders includes an after-tax gain of $461.0 million from the sale of the phosphate business, and net earnings per share attributable to common stockholders, basic and diluted, include the per share impact of $8.39. During the fourth quarter of 2014, the purchase price was finalized which increased the after-tax gain to $462.8 million for the year ended December 31, 2014, which also increased the per share impact on net earnings attributable to common stockholders, basic and diluted, to $9.01. See Note 4—Phosphate Business Disposition, for additional information.
[2] The sum of the four quarters is not necessarily the same as the total for the year.