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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents (including $33 and $37, respectively, of consolidated variable interest entities (“VIEs”)) $ 606 $ 652
Accounts receivable (including $15 and $34, respectively, of VIEs) 148 182
Inventories (including $47 and $48, respectively, of VIEs) 252 373
Prepaid expenses and other current assets (including $5 and $5, respectively, of VIEs) 253 67
Total current assets 1,259 1,274
Property, plant and equipment, net (including $925 and $952, respectively, of VIEs) 2,294 2,336
Other long-term assets (including $19 and $61, respectively, of VIEs) 375 295
Total assets 3,928 3,905
Current liabilities:    
Accounts payable (including $24 and $24, respectively, of VIEs) 236 412
Other current liabilities (including $21 and $52, respectively, of VIEs) 133 184
Total current liabilities 369 596
Long-term debt and finance lease obligations (including $632 and $632, respectively, of VIEs) 1,683 1,190
Deferred income taxes 408 396
Other long-term liabilities (including $9 and $10, respectively, of VIEs) 55 55
Total long-term liabilities 2,146 1,641
Commitments and contingencies (See Note 13)
CVR stockholders’ equity:    
Common stock $0.01 par value per share, 350,000,000 shares authorized, 100,629,209 and 100,629,209 shares issued as of June 30, 2020 and December 31, 2019, respectively. 1 1
Additional paid-in-capital 1,508 1,507
Accumulated deficit (327) (113)
Treasury stock, 98,610 shares at cost (2) (2)
Total CVR stockholders’ equity 1,180 1,393
Noncontrolling interest 233 275
Total equity 1,413 1,668
Total liabilities and equity $ 3,928 $ 3,905