Equity Method Investment |
6 Months Ended |
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Jun. 30, 2025 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Equity Method Investment | We have a 50% ownership interest in Point Lisas Nitrogen Limited (PLNL), which operates an ammonia production facility in Trinidad and Tobago. We include our share of the net earnings from this equity method investment as an element of earnings from operations because PLNL provides additional production to our operations and is integrated with our other supply chain and sales activities in the Ammonia segment. As of June 30, 2025, the total carrying value of our equity method investment in PLNL was $35 million. We have transactions in the normal course of business with PLNL reflecting our obligation to purchase 50% of the ammonia produced by PLNL at current market prices. Our ammonia purchases from PLNL totaled $21 million and $55 million for the three and six months ended June 30, 2025, respectively, and $16 million and $46 million for the three and six months ended June 30, 2024, respectively.
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