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Equity Method Investments (Tables)
6 Months Ended
Jun. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of equity method investments
As of June 30, 2015 and December 31, 2014, equity method investments consist of the following:
 
June 30,
2015
 
December 31,
2014
 
(in millions)
Operating equity method investments
$
360.2

 
$
377.6

Non-operating equity method investments
448.5

 
483.9

Investments in and advances to affiliates
$
808.7

 
$
861.5

Schedule of combined results of operations and financial position for operating equity method investments
The results of operations and financial position of PLNL and our equity in earnings of operating equity method investments are summarized below:
 
Three months ended 
 June 30,
 
Six months ended 
 June 30,
 
2015
 
2014
 
2015
 
2014
 
(in millions)
Summarized PLNL statement of operations information:
 

 
 

 
 

 
 

Net sales
$
52.9

 
$
56.7

 
$
120.5

 
$
125.4

Net earnings
$
14.4

 
$
8.4

 
$
33.3

 
$
29.8

Equity in earnings (losses) of operating affiliates:
 
 
 
 
 
 
 
PLNL
$
5.5

 
$
1.3

 
$
13.2

 
$
15.7

Ammonia storage joint venture
$
(0.8
)
 
$
0.8

 
$
1.2

 
$
2.2

 
June 30,
2015
 
December 31,
2014
 
(in millions)
Summarized PLNL balance sheet information:
 

 
 

Current assets
$
68.3

 
$
88.1

Noncurrent assets
125.7

 
118.8

Total assets
$
194.0

 
$
206.9

Current liabilities
$
20.2

 
$
28.6

Noncurrent liabilities
20.0

 
21.8

Equity
153.8

 
156.5

Total liabilities and equity
$
194.0

 
$
206.9

Schedule of combined results of operations and financial position for non-operating equity method investments
The results of operations and financial position of GrowHow and our equity in (losses) earnings of GrowHow and Keytrade are summarized below:
 
Three months ended 
 June 30,
 
Six months ended 
 June 30,
 
2015
 
2014
 
2015
 
2014
 
(in millions)
Summarized GrowHow statement of operations information:
 

 
 

 
 

 
 

Net sales
$
153.5

 
$
156.2

 
$
350.2

 
$
371.9

Net earnings
$
5.7

 
$
8.3

 
$
39.7

 
$
26.7

Equity in (losses) earnings of non-operating affiliates—net of taxes:
 
 
 
 
 
 
 
GrowHow
$
—

 
$
1.1

 
$
14.3

 
$
3.1

Keytrade
$
(35.5
)
 
$
0.6

 
$
(34.9
)
 
$
2.1

 
June 30,
2015
 
December 31,
2014
 
(in millions)
Summarized GrowHow balance sheet information:
 

 
 

Current assets
$
215.1

 
$
201.7

Noncurrent assets
316.0

 
294.7

Total assets
$
531.1

 
$
496.4

Current liabilities
$
68.6

 
$
69.3

Noncurrent liabilities
161.8

 
169.2

Equity
300.7

 
257.9

Total liabilities and equity
$
531.1

 
$
496.4