Shareholders Equity (Tables)

3 Months Ended

Mar. 31, 2019

Summary of shareholders equity and non-controlling interest

The following table summarizes the shareholders equity and non-controlling interest balances for the three months ended March 31, 2019 and March 31, 2018.



(in millions)	Total CVR Stockholders’ Equity			Noncontrolling Interest			Total Equity
Balance at December 31, 2018	$	1,286		$	657		$	1,943
Net income	101			1			102
Dividends to CVR Energy stockholders	(75		)	—			(75		)
Distributions to CVR Partners’ public unitholders	—			(9		)	(9		)
Effect of turnaround accounting change	34			—			34
Acquisition of CVR Refining common units (1)	(1		)	(334		)	(335		)
Other	(2		)	—			(2		)
Balance at March 31, 2019	$	1,343		$	315		$	1,658

(1) Included within this amount is $34 million which reflects the impact of the change in accounting policy for turnaround expenditures.



(in millions)	Total CVR Stockholders’ Equity			Noncontrolling Interest			Total Equity
Balance at December 31, 2017	$	919		$	785		$	1,704
Net income	60			33			93
Dividends to CVR Energy stockholders	(43		)	—			(43		)
Distributions to CVR Refining public unitholders	—			(23		)	(23		)
Effect of turnaround accounting change	68			50			118
Balance at March 31, 2018	$	1,004		$	845		$	1,849