XML 28 R70.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidating Financial Statements (Tables)
 12 Months Ended
Dec. 31, 2013
Condensed Consolidating Financial Statements  
Schedule of Condensed Consolidating Statements of Operations

 

Condensed, Consolidating Statement of Operations

 
   Year ended December 31, 2013  
 
   Parent   CF Industries   Other
Subsidiaries		   Eliminations   Consolidated  
 
   (in millions)
  

Net sales

   $ —   $ 1,105.8   $ 5,767.5   $ (1,398.6 ) $ 5,474.7  

Cost of sales

     —     886.0     3,463.0     (1,394.5 )   2,954.5  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Gross margin

     —     219.8     2,304.5     (4.1 )   2,520.2  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Selling, general and administrative expenses

     2.7     11.8     151.5     —     166.0  

Other operating—net

     —     7.6     (23.4 )   —     (15.8 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total other operating costs and expenses

     2.7     19.4     128.1     —     150.2  

Equity in earnings of operating affiliates

     —     —     41.7     —     41.7  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating earnings (loss)

     (2.7 )   200.4     2,218.1     (4.1 )   2,411.7  

Interest expense

     —     155.1     (1.8 )   (1.1 )   152.2  

Interest income

     —     (0.9 )   (4.9 )   1.1     (4.7 )

Net (earnings) of wholly-owned subsidiaries

     (1,466.4 )   (1,423.0 )   —     2,889.4     —  

Other non-operating—net

     —     (0.4 )   54.9     —     54.5  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Earnings before income taxes and equity in losses of non-operating affiliates

     1,463.7     1,469.6     2,169.9     (2,893.5 )   2,209.7  

Income tax provision (benefit)

     (0.9 )   3.0     684.4     —     686.5  

Equity in losses of non-operating affiliates—net of taxes

     —     (0.2 )   9.8     —     9.6  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net earnings

     1,464.6     1,466.4     1,495.3     (2,893.5 )   1,532.8  

Less: Net earnings attributable to noncontrolling interest

     —     —     72.3     (4.1 )   68.2  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net earnings attributable to common stockholders

   $ 1,464.6   $ 1,466.4   $ 1,423.0   $ (2,889.4 ) $ 1,464.6  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

Condensed, Consolidating Statement of Operations

 
   Year ended December 31, 2012  
 
   Parent   CFI   Other
Subsidiaries		   Eliminations   Consolidated  
 
   (in millions)
  

Net sales

   $ —   $ 3,747.9   $ 2,514.5   $ (158.4 ) $ 6,104.0  

Cost of sales

     —     1,854.6     1,287.2     (151.1 )   2,990.7  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Gross margin

     —     1,893.3     1,227.3     (7.3 )   3,113.3  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Selling, general and administrative expenses

     2.5     128.0     21.3     —     151.8  

Other operating—net

     —     24.0     25.1     —     49.1  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total other operating costs and expenses

     2.5     152.0     46.4     —     200.9  

Equity in earnings of operating affiliates

     —     4.9     42.1     —     47.0  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating earnings (loss)

     (2.5 )   1,746.2     1,223.0     (7.3 )   2,959.4  

Interest expense

     —     126.8     10.1     (1.6 )   135.3  

Interest income

     —     (1.4 )   (4.5 )   1.6     (4.3 )

Net (earnings) of wholly-owned subsidiaries

     (1,851.2 )   (792.8 )   —     2,644.0     —  

Other non-operating—net

     —     —     (1.1 )   —     (1.1 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Earnings before income taxes and equity in earnings of non-operating affiliates

     1,848.7     2,413.6     1,218.5     (2,651.3 )   2,829.5  

Income tax provision

     —     562.2     402.0     —     964.2  

Equity in earnings (loss) of non-operating affiliates—net of taxes

     —     (0.2 )   58.3     —     58.1  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net earnings

     1,848.7     1,851.2     874.8     (2,651.3 )   1,923.4  

Less: Net earnings attributable to noncontrolling interest

     —     —     82.0     (7.3 )   74.7  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net earnings attributable to common stockholders

   $ 1,848.7   $ 1,851.2   $ 792.8   $ (2,644.0 ) $ 1,848.7  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

Condensed, Consolidating Statement of Operations

 
   Year ended December 31, 2011  
 
   Parent   CFI   Other
Subsidiaries		   Eliminations   Consolidated  
 
   (in millions)
  

Net sales

   $ —   $ 3,585.3   $ 3,013.8   $ (501.2 ) $ 6,097.9  

Cost of sales

     —     1,932.1     1,470.1     (199.9 )   3,202.3  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Gross margin

     —     1,653.2     1,543.7     (301.3 )   2,895.6  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Selling, general and administrative expenses

     3.6     99.5     26.9     —     130.0  

Restructuring and integration costs

     —     2.0     2.4     —     4.4  

Other operating—net

     —     (18.9 )   39.8     —     20.9  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total other operating costs and expenses

     3.6     82.6     69.1     —     155.3  

Equity in earnings of operating affiliates

     —     (1.2 )   51.4     —     50.2  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating earnings (loss)

     (3.6 )   1,569.4     1,526.0     (301.3 )   2,790.5  

Interest expense

     —     137.1     10.4     (0.3 )   147.2  

Interest income

     —     (0.7 )   (1.3 )   0.3     (1.7 )

Net (earnings) of wholly-owned subsidiaries

     (1,541.5 )   (618.8 )   —     2,160.3     —  

Other non-operating—net

     —     (0.1 )   (0.5 )   —     (0.6 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Earnings before income taxes and equity in earnings of non-operating affiliates

     1,537.9     2,051.9     1,517.4     (2,461.6 )   2,645.6  

Income tax (benefit) provision

     (1.3 )   505.6     422.2     —     926.5  

Equity in earnings (loss) of non-operating affiliates—net of taxes

     —     (4.8 )   46.7     —     41.9  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net earnings

     1,539.2     1,541.5     1,141.9     (2,461.6 )   1,761.0  

Less: Net earnings attributable to noncontrolling interest

     —     —     523.1     (301.3 )   221.8  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net earnings attributable to common stockholders

   $ 1,539.2   $ 1,541.5   $ 618.8   $ (2,160.3 ) $ 1,539.2  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       
Schedule of Condensed Consolidating Statements of Comprehensive Income

Condensed, Consolidating Statement of Comprehensive Income

 
   Year ended December 31, 2013  
 
   Parent   CF Industries   Other
Subsidiaries		   Eliminations   Consolidated  
 
   (in millions)
  

Net earnings

   $ 1,464.6   $ 1,466.4   $ 1,495.3   $ (2,893.5 ) $ 1,532.8  

Other comprehensive income (loss)

     7.0     7.0     (40.1 )   32.4     6.3  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Comprehensive income

     1,471.6     1,473.4     1,455.2     (2,861.1 )   1,539.1  

Less: Comprehensive income attributable to noncontrolling interest

     —     —     72.3     (4.8 )   67.5  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Comprehensive income attributable to common stockholders

   $ 1,471.6   $ 1,473.4   $ 1,382.9   $ (2,856.3 ) $ 1,471.6  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

Condensed, Consolidating Statement of Comprehensive Income

 
   Year ended December 31, 2012  
 
   Parent   CFI   Other
Subsidiaries		   Eliminations   Consolidated  
 
   (in millions)
  

Net earnings

   $ 1,848.7   $ 1,851.2   $ 874.8   $ (2,651.3 ) $ 1,923.4  

Other comprehensive income

     49.6     49.6     23.6     (72.4 )   50.4  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Comprehensive income

     1,898.3     1,900.8     898.4     (2,723.7 )   1,973.8  

Less: Comprehensive income attributable to noncontrolling interest

     —     —     82.0     (6.6 )   75.4  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Comprehensive income attributable to common stockholders

   $ 1,898.3   $ 1,900.8   $ 816.4   $ (2,717.1 ) $ 1,898.4  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

Condensed, Consolidating Statement of Comprehensive Income

 
   Year ended December 31, 2011  
 
   Parent   CFI   Other
Subsidiaries		   Eliminations   Consolidated  
 
   (in millions)
  

Net earnings

   $ 1,539.2   $ 1,541.5   $ 1,141.9   $ (2,461.6 ) $ 1,761.0  

Other comprehensive income (loss)

     (45.9 )   (45.9 )   (37.4 )   82.6     (46.6 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Comprehensive income

     1,493.3     1,495.6     1,104.5     (2,379.0 )   1,714.4  

Less: Comprehensive income attributable to noncontrolling interest

     —     —     523.1     (301.9 )   221.2  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Comprehensive income attributable to common stockholders

   $ 1,493.3   $ 1,495.6   $ 581.4   $ (2,077.1 ) $ 1,493.2  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       
Schedule of Condensed Consolidating Balance Sheets

Condensed, Consolidating Balance Sheet

 
   December 31, 2013  
 
   Parent   CF Industries   Other
Subsidiaries		   Eliminations
and
Reclassifications		   Consolidated  
 
   (in millions)
  

Assets

                                

Current assets:

                                

Cash and cash equivalents

   $ 0.1   $ 20.4   $ 1,690.3   $ —   $ 1,710.8  

Restricted cash

     —     —     154.0     —     154.0  

Accounts and notes receivable-net

     —     287.1     1,172.2     (1,228.4 )   230.9  

Inventories—net

     —     3.3     271.0     —     274.3  

Prepaid income taxes

     0.9     —     33.4     (0.9 )   33.4  

Deferred income taxes

     —     —     60.0     —     60.0  

Assets held for sale

     —     68.1     6.2     —     74.3  

Other

     —     —     92.4     —     92.4  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current assets

     1.0     378.9     3,479.5     (1,229.3 )   2,630.1  

Property, plant and equipment—net

     —     —     4,101.7     —     4,101.7  

Deferred income taxes

     —     149.7     —     (149.7 )   —  

Investments in and advances to affiliates

     5,193.4     8,161.1     925.8     (13,354.3 )   926.0  

Due from affiliates

     570.7     —     1.7     (572.4 )   —  

Goodwill

     —     —     2,095.8     —     2,095.8  

Noncurrent assets held for sale

     —     679.0     —     —     679.0  

Other assets

     —     60.7     184.8     —     245.5  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total assets

   $ 5,765.1   $ 9,429.4   $ 10,789.3   $ (15,305.7 ) $ 10,678.1  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

Liabilities and Equity

    
 		    
 		    
 		    
 		    
 		  

Current liabilities:

                                

Accounts and notes payable and

                                

accrued expenses

   $ 40.6   $ 354.2   $ 715.9   $ (546.6 ) $ 564.1  

Income taxes payable

     —     29.1     45.1     (0.9 )   73.3  

Customer advances

     —     —     120.6     —     120.6  

Liabilities held for sale

     —     26.8     —     —     26.8  

Other

     648.4     0.9     84.9     (690.7 )   43.5  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current liabilities

     689.0     411.0     966.5     (1,238.2 )   828.3  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Long-term debt

     —     3,098.1     —     —     3,098.1  

Deferred income taxes

     —     —     982.9     (149.7 )   833.2  

Due to affiliates

     —     572.4     —     (572.4 )   —  

Noncurrent liabilities held for sale

     —     154.5     —     —     154.5  

Other noncurrent liabilities

     —     —     325.6     —     325.6  

Equity:

    
 		    
 		    
 		    
 		    
 		  

Stockholders' equity:

                                

Preferred stock

     —     —     16.4     (16.4 )   —  

Common stock

     0.6     —     1.1     (1.1 )   0.6  

Paid-in capital

     1,594.3     (12.6 )   7,823.0     (7,810.4 )   1,594.3  

Retained earnings

     3,725.6     5,248.6     354.5     (5,603.1 )   3,725.6  

Treasury stock

     (201.8 )   —     —     —     (201.8 )

Accumulated other comprehensive

                                

income (loss)

     (42.6 )   (42.6 )   (43.0 )   85.6     (42.6 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total stockholders' equity

     5,076.1     5,193.4     8,152.0     (13,345.4 )   5,076.1  

Noncontrolling interest

     —     —     362.3     —     362.3  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total equity

     5,076.1     5,193.4     8,514.3     (13,345.4 )   5,438.4  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total liabilities and equity

   $ 5,765.1   $ 9,429.4   $ 10,789.3   $ (15,305.7 ) $ 10,678.1  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

Condensed, Consolidating Balance Sheet

 
   December 31, 2012  
 
   Parent   CFI   Other
Subsidiaries		   Eliminations
and
Reclassifications		   Consolidated  
 
   (in millions)
  

Assets

                                

Current assets:

                                

Cash and cash equivalents

   $ —   $ 440.8   $ 1,834.1   $ —   $ 2,274.9  

Accounts and notes receivable—net

     —     145.1     1,007.9     (935.6 )   217.4  

Income taxes receivable

     —     642.1     —     (642.1 )   —  

Inventories—net

     —     193.1     84.8     —     277.9  

Deferred income taxes

     —     9.5     —     —     9.5  

Other

     —     15.4     12.5     —     27.9  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current assets

     —     1,446.0     2,939.3     (1,577.7 )   2,807.6  

Property, plant and equipment—net

     —     1,008.1     2,892.4     —     3,900.5  

Deferred income taxes

     —     50.7     —     (50.7 )   —  

Asset retirement obligation funds

     —     200.8     —     —     200.8  

Investments in and advances to affiliates

     5,331.5     6,291.4     935.2     (11,622.5 )   935.6  

Due from affiliates

     570.7     —     1.8     (572.5 )   —  

Goodwill

     —     0.9     2,063.6     —     2,064.5  

Other assets

     —     136.5     121.4     —     257.9  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total assets

   $ 5,902.2   $ 9,134.4   $ 8,953.7   $ (13,823.4 ) $ 10,166.9  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

Liabilities and Equity

    
 		    
 		    
 		    
 		    
 		  

Current liabilities:

                                

Accounts payable and accrued expenses

   $ —   $ 222.6   $ 159.3   $ (15.4 ) $ 366.5  

Income taxes payable

     —     —     829.2     (642.1 )   187.1  

Customer advances

     —     247.9     132.8     —     380.7  

Notes payable

     —     900.0     14.6     (909.6 )   5.0  

Distributions payable to noncontrolling interest

     —     —     15.7     (10.4 )   5.3  

Other

     —     4.5     1.1     —     5.6  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current liabilities

     —     1,375.0     1,152.7     (1,577.5 )   950.2  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Long-term debt

     —     1,600.0     —     —     1,600.0  

Deferred income taxes

     —     —     989.5     (50.7 )   938.8  

Due to affiliates

     —     572.5     —     (572.5 )   —  

Other noncurrent liabilities

     —     255.4     140.3     —     395.7  

Equity:

    
 		    
 		    
 		    
 		    
 		  

Stockholders' equity:

                                

Preferred stock

     —     —     65.3     (65.3 )   —  

Common stock

     0.6     —     154.3     (154.3 )   0.6  

Paid-in capital

     2,492.3     739.8     4,493.6     (5,233.3 )   2,492.4  

Retained earnings

     3,461.2     4,641.3     1,598.3     (6,239.7 )   3,461.1  

Treasury stock

     (2.3 )   —     —     —     (2.3 )

Accumulated other comprehensive income (loss)

     (49.6 )   (49.6 )   (2.9 )   52.5     (49.6 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total stockholders' equity

     5,902.2     5,331.5     6,308.6     (11,640.1 )   5,902.2  

Noncontrolling interest

     —     —     362.6     17.4     380.0  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total equity

     5,902.2     5,331.5     6,671.2     (11,622.7 )   6,282.2  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total liabilities and equity

   $ 5,902.2   $ 9,134.4   $ 8,953.7   $ (13,823.4 ) $ 10,166.9  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       
Schedule of Condensed Consolidating Statements of Cash Flows

Condensed, Consolidating Statement of Cash Flows

 
   Year ended December 31, 2013  
 
   Parent   CF Industries   Other
Subsidiaries		   Eliminations   Consolidated  
 
   (in millions)
  

Operating Activities:

                                

Net earnings

   $ 1,464.6   $ 1,466.4   $ 1,495.3   $ (2,893.5 ) $ 1,532.8  

Adjustments to reconcile net earnings to net cash

                                

provided by (used in) operating activities

                                

Depreciation, depletion and amortization

     —     47.8     362.8     —     410.6  

Deferred income taxes

     —     (21.3 )   (13.0 )   —     (34.3 )

Stock compensation expense

     12.6     —     —     —     12.6  

Excess tax benefit from stock-based compensation

     (13.5 )   —     —     —     (13.5 )

Unrealized loss (gain) on derivatives

     —     —     (59.3 )   —     (59.3 )

Loss (gain) on disposal of property, plant and equipment

     —     —     5.6     —     5.6  

Undistributed loss (earnings) of affiliates—net

     (1,466.4 )   (1,427.0 )   (11.4 )   2,893.5     (11.3 )

Due to / from affiliates—net

     13.5     —     (13.5 )   —     —  

Changes in:

                                

Accounts and notes receivable—net

     —     (220.8 )   (293.4 )   514.6     0.4  

Inventories—net

     —     (11.8 )   (68.5 )   —     (80.3 )

Accrued income taxes

     (0.9 )   23.6     (176.1 )   —     (153.4 )

Accounts and notes payable and accrued expenses

     (2.8 )   305.4     261.5     (514.6 )   49.5  

Customer advances

     —     —     (260.1 )   —     (260.1 )

Margin deposits

     —     —     —     —     —  

Other—net

     —     3.9     63.6     —     67.5  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by (used in) operating activities

     7.1     166.2     1,293.5     —     1,466.8  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Investing Activities:

    
 		    
 		    
 		    
 		    
 		  

Additions to property, plant and equipment

     —     (58.9 )   (764.9 )   —     (823.8 )

Proceeds from sale of property, plant and equipment

     —     —     12.6     —     12.6  

Sales and maturities of short-term and auction rate securities

     —     13.5     —     —     13.5  

Canadian terminal acquisition

     —     —     (72.5 )   —     (72.5 )

Deposits to restricted cash funds

     —     —     (154.0 )   —     (154.0 )

Deposits to asset retirement obligation funds

     —     (2.9 )   —     —     (2.9 )

Other—net

     —     —     7.8     —     7.8  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by (used in) investing activities

     —     (48.3 )   (971.0 )   —     (1,019.3 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Financing Activities:

    
 		    
 		    
 		    
 		    
 		  

Proceeds from long-term borrowings

     —     1,498.0     —     —     1,498.0  

Financing fees

     —     (14.5 )   —     —     (14.5 )

Purchase of treasury stock

     (1,409.1 )   —     —     —     (1,409.1 )

Acquisitions of noncontrolling interests in CFL

     —     (364.9 )   (553.8 )   —     (918.7 )

Dividends paid on common stock

     (129.1 )   (859.0 )   (129.0 )   988.0     (129.1 )

Distributions to/from noncontrolling interest

     —     14.3     (88.0 )   —     (73.7 )

Issuances of common stock under employee stock plans

     10.3     —     —     —     10.3  

Excess tax benefit from stock-based compensation

     13.5     —     —     —     13.5  

Dividends to / from affiliates

     859.0     129.0     —     (988.0 )   —  

Other—net

     648.4     (941.2 )   335.8     —     43.0  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by (used in) financing activities

     (7.0 )   (538.3 )   (435.0 )   —     (980.3 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Effect of exchange rate changes on cash and cash equivalents

     —     —     (31.3 )   —     (31.3 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Increase (decrease) in cash and cash equivalents

     0.1     (420.4 )   (143.8 )   —     (564.1 )

Cash and cash equivalents at beginning of period

     —     440.8     1,834.1     —     2,274.9  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash and cash equivalents at end of period

   $ 0.1   $ 20.4   $ 1,690.3   $ —   $ 1,710.8  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

Condensed, Consolidating Statement of Cash Flows

 
   Year ended December 31, 2012  
 
   Parent   CFI   Other
Subsidiaries		   Eliminations   Consolidated  
 
   (in millions)
  

Operating Activities:

                                

Net earnings

   $ 1,848.7   $ 1,851.2   $ 874.8   $ (2,651.3 ) $ 1,923.4  

Adjustments to reconcile net earnings to net cash provided by (used in) operating activities

                                

Depreciation, depletion and amortization

     —     120.9     298.9     —     419.8  

Deferred income taxes

     —     (130.8 )   (7.6 )   —     (138.4 )

Stock compensation expense

     11.2     —     0.7     —     11.9  

Excess tax benefit from stock-based compensation

     (36.1 )   —     —     —     (36.1 )

Unrealized loss (gain) on derivatives

     —     (68.0 )   (10.8 )   —     (78.8 )

Loss (gain) on disposal of property, plant and equipment and non-core assets

     —     2.4     3.1     —
—		     5.5  

Undistributed loss (earnings) of affiliates—net

     (1,851.2 )   (805.9 )   (9.1 )   2,651.3     (14.9 )

Due to / from affiliates—net

     476.7     (476.4 )   (0.3 )   —     —  

Changes in:

                                

Accounts and notes receivable—net

     —     (344.6 )   (198.9 )   596.7     53.2  

Margin deposits

     —     0.8     —     —     0.8  

Inventories—net

     —     24.3     10.5     —     34.8  

Accrued income taxes

     —     (315.4 )   374.1     —     58.7  

Accounts and notes payable and accrued expenses

     —     597.9     24.3     (596.7 )   25.5  

Customer advances

     —     63.5     59.8     —     123.3  

Other—net

     —     (28.8 )   15.7     —     (13.1 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by (used in) operating activities

     449.3     491.1     1,435.2     —     2,375.6  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Investing Activities:

    
 		    
 		    
 		    
 		    
 		  

Additions to property, plant and equipment

     —     (339.9 )   (183.6 )   —     (523.5 )

Proceeds from sale of property, plant and equipment and non-core assets

     —     12.3     4.7     —     17.0  

Sales and maturities of short-term and auction rate securities

     —     48.4     —     —     48.4  

Deposits to asset retirement funds

     —     (55.4 )   —     —     (55.4 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by (used in) investing activities

     —     (334.6 )   (178.9 )   —     (513.5 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Financing Activities:

    
 		    
 		    
 		    
 		    
 		  

Payments of long-term debt

     —     —     (13.0 )   —     (13.0 )

Advances from unconsolidated affiliates

     —     —     40.5     —     40.5  

Repayments of advances from unconsolidated affiliates            

     —     —     (40.5 )   —     (40.5 )

Dividends paid on common stock

     (102.7 )   —     —     —     (102.7 )

Dividends to / from affiliates

     102.7     (102.7 )   —     —     —  

Distributions to/from noncontrolling interest

     —     300.5     (532.3 )   —     (231.8 )

Purchase of treasury stock

     (500.0 )   —     —     —     (500.0 )

Issuances of common stock under employee stock plans

     14.6     —     —     —     14.6  

Excess tax benefit from stock-based compensation

     36.1     —     —     —     36.1  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by (used in) financing activities

     (449.3 )   197.8     (545.3 )   —     (796.8 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Effect of exchange rate changes on cash and cash equivalents

     —     (12.2 )   14.8     —     2.6  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Increase in cash and cash equivalents

     —     342.1     725.8     —     1,067.9  

Cash and cash equivalents at beginning of period

     —     98.7     1,108.3     —     1,207.0  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash and cash equivalents at end of period

   $ —   $ 440.8   $ 1,834.1   $ —   $ 2,274.9  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

Condensed, Consolidating Statement of Cash Flows

 
   Year ended December 31, 2011  
 
   Parent   CFI   Other
Subsidiaries		   Eliminations   Consolidated  
 
   (in millions)
  

Operating Activities:

                                

Net earnings

   $ 1,539.2   $ 1,541.5   $ 1,141.9   $ (2,461.6 ) $ 1,761.0  

Adjustments to reconcile net earnings to net cash provided by (used in) operating activities

                                

Depreciation, depletion and amortization

     —     133.9     282.3     —     416.2  

Deferred income taxes

     2.2     (65.6 )   30.5     —     (32.9 )

Stock compensation expense

     9.8     —     0.8     —     10.6  

Excess tax benefit from stock-based compensation

     (47.2 )   —     —     —     (47.2 )

Unrealized loss (gain) on derivatives

     —     66.5     10.8     —     77.3  

Loss (gain) on disposal of property, plant and equipment and non-core assets

     —     (31.9 )   40.7     —     8.8  

Undistributed loss (earnings) of affiliates—net

     (1,541.5 )   (915.0 )   (18.6 )   2,461.6     (13.5 )

Due to / from affiliates—net

     975.3     (975.5 )   0.2     —     —  

Changes in:

                                

Accounts and notes receivable—net

     —     601.4     (489.4 )   (147.5 )   (35.5 )

Margin deposits

     —     2.6     (1.2 )   —     1.4  

Inventories—net

     —     (36.0 )   (2.5 )   —     (38.5 )

Accrued income taxes

     —     (237.9 )   339.5     —     101.6  

Accounts and notes payable and accrued expenses

     —     337.5     (479.8 )   147.5     5.2  

Customer advances

     —     (101.1 )   (73.2 )   —     (174.3 )

Other—net

     (0.3 )   5.6     33.4     —     38.7  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by (used in) operating activities

     937.5     326.0     815.4     —     2,078.9  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Investing Activities:

    
 		    
 		    
 		    
 		    
 		  

Additions to property, plant and equipment

     —     (139.9 )   (107.3 )   —     (247.2 )

Proceeds from sale of property, plant and equipment and non-core assets

     —     51.9     2.8     —     54.7  

Sales and maturities of short-term and auction rate securities

     —     34.8     3.1     —     37.9  

Deposits to asset retirement obligation funds

     —     (50.4 )   —     —     (50.4 )

Other—net

     —     —     31.2     —     31.2  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by (used in) investing activities

     —     (103.6 )   (70.2 )   —     (173.8 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Financing Activities:

    
 		    
 		    
 		    
 		    
 		  

Payments on long-term debt

     —     (346.0 )   —     —     (346.0 )

Financing fees

     —     (1.5 )   —     —     (1.5 )

Purchase of treasury stock

     (1,000.2 )   —     —     —     (1,000.2 )

Dividends paid on common stock

     (68.7 )   —     —     —     (68.7 )

Dividends to / from affiliates

     68.7     (68.7 )   —     —     —  

Distributions to / from noncontrolling interest

     —     153.0     (298.7 )   —     (145.7 )

Issuances of common stock under employee stock plans

     15.5     —     —     —     15.5  

Excess tax benefit from stock-based compensation

     47.2     —     —     —     47.2  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash provided by (used in) financing activities

     (937.5 )   (263.2 )   (298.7 )   —     (1,499.4 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Effect of exchange rate changes on cash and cash equivalents

     —     3.3     0.3     —     3.6  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Increase (decrease) in cash and cash equivalents

     —     (37.5 )   446.8     —     409.3  

Cash and cash equivalents at beginning of period

     —     136.2     661.5     —     797.7  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash and cash equivalents at end of period

   $ —   $ 98.7   $ 1,108.3   $ —   $ 1,207.0  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​