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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net sales $ 675 $ 1,687 $ 1,806 $ 3,173
Operating costs and expenses:        
Cost of materials and other 444 1,267 1,501 2,368
Direct operating expenses (exclusive of depreciation and amortization) 119 132 237 258
Depreciation and amortization 71 76 134 141
Cost of sales 634 1,475 1,872 2,767
Selling, general and administrative expenses (exclusive of depreciation and amortization) 22 27 47 57
Depreciation and amortization 3 2 4 4
Loss (gain) on asset disposals 1 (9) 2 (7)
Goodwill impairment 41 0 41 0
Operating (loss) income (26) 192 (160) 352
Other (expense) income:        
Interest expense, net (31) (26) (67) (52)
Investment income from marketable securities 21 0 52 0
Other (expense) income, net (1) 3 0 6
(Loss) income before income tax expense (37) 169 (175) 306
Income tax (benefit) expense (5) 41 (42) 76
Net (loss) income (32) 128 (133) 230
Less: Net (loss) income attributable to noncontrolling interest (27) 12 (41) 13
Net (loss) income attributable to CVR Energy stockholders $ (5) $ 116 $ (92) $ 217
Basic and diluted (loss) earnings per share (in dollars per share) $ (0.05) $ 1.16 $ (0.92) $ 2.16
Dividends declared per share (in dollars per share) $ 0.40 $ 0.75 $ 1.20 $ 1.50
Weighted-average common shares outstanding:        
Basic and diluted (in shares) 100.5 100.5 100.5 100.5