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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents (including $286 and $223, respectively, of consolidated variable interest entities (VIEs)) $ 534 $ 482
Accounts receivable of VIEs, net of allowance for doubtful accounts of $1 at both periods 190 179
Due from parent 0 5
Inventories of VIEs 433 385
Prepaid expenses and other current assets (including $42 and $30, respectively, of VIEs) 54 43
Total current assets 1,211 1,094
Property, plant and equipment, net of accumulated depreciation (including $2,478 and $2,548, respectively, of VIEs) 2,494 2,572
Other long-term assets (including $135 and $137, respectively, of VIEs) 145 141
Total assets 3,850 3,807
Current liabilities:    
Note payable and capital lease obligations of VIEs 2 2
Accounts payable (including $353 and $329, respectively, of VIEs) 356 334
Due to parent 16 0
Other current liabilities (including $130 and $181, respectively, of VIEs) 217 208
Total current liabilities 591 544
Long-term liabilities:    
Long-term debt and capital lease obligations of VIEs, net of current portion 1,165 1,164
Deferred income taxes (including $1 of VIEs for both periods) 394 386
Other long-term liabilities (including $8 and $4, respectively, of VIEs) 13 9
Total long-term liabilities 1,572 1,559
Commitments and contingencies
CVR stockholders' equity:    
Common stock $0.01 par value per share, 350,000,000 shares authorized, 86,929,660 shares issued 1 1
Additional paid-in-capital 1,197 1,197
Retained deficit (313) (277)
Treasury stock, 98,610 shares at cost (2) (2)
Total CVR stockholders' equity 883 919
Noncontrolling interest 804 785
Total equity 1,687 1,704
Total liabilities and equity $ 3,850 $ 3,807