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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents (including $48 and $37, respectively, of consolidated variable interest entities (“VIEs”)) $ 672 $ 652
Accounts receivable (including $19 and $34, respectively, of VIEs) 133 182
Inventories (including $46 and $48, respectively, of VIEs) 266 373
Prepaid expenses and other current assets (including $3 and $5, respectively, of VIEs) 183 67
Total current assets 1,254 1,274
Property, plant and equipment, net (including $913 and $952, respectively, of VIEs) 2,267 2,336
Other long-term assets (including $18 and $61, respectively, of VIEs) 355 295
Total assets 3,876 3,905
Current liabilities:    
Accounts payable (including $25 and $24, respectively, of VIEs) 242 412
Other current liabilities (including $44 and $52, respectively, of VIEs) 215 184
Total current liabilities 457 596
Long-term debt and finance lease obligations (including $633 and $632, respectively, of VIEs) 1,683 1,190
Deferred income taxes 379 396
Other long-term liabilities (including $10 and $10, respectively, of VIEs) 55 55
Total long-term liabilities 2,117 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 September 30, 2020 and December 31, 2019, respectively. 1 1
Additional paid-in-capital 1,508 1,507
Accumulated deficit (423) (113)
Treasury stock, 98,610 shares at cost (2) (2)
Total CVR stockholders’ equity 1,084 1,393
Noncontrolling interest 218 275
Total equity 1,302 1,668
Total liabilities and equity $ 3,876 $ 3,905