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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents (including $31 and $37, respectively, of consolidated variable interest entities (VIEs)) $ 667 $ 652
Accounts receivable (including $37 and $34, respectively, of VIEs) 178 182
Inventories (including $42 and $48, respectively, of VIEs) 298 373
Prepaid expenses and other current assets (including $8 and $5, respectively, of VIEs) 259 67
Total current assets 1,402 1,274
Property, plant and equipment, net (including $898 and $952, respectively, of VIEs) 2,240 2,336
Other long-term assets (including $17 and $61, respectively, of VIEs) 336 295
Total assets 3,978 3,905
Current liabilities:    
Note payable and finance lease obligations (including $2 and $0, respectively, of VIEs) 8 5
Accounts payable (including $25 and $24, respectively, of VIEs) 282 412
Other current liabilities (including $49 and $52, respectively, of VIEs) 369 179
Total current liabilities 659 596
Long-term liabilities:    
Long-term debt and finance lease obligations, net of current portion (including $634 and $632, respectively of VIEs) 1,683 1,190
Deferred income taxes 368 396
Other long-term liabilities (including $8 and $10, respectively, of VIEs) 49 55
Total long-term liabilities 2,100 1,641
Commitments and contingencies (See Note 11)
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 December 31, 2020 and 2019, respectively 1 1
Additional paid-in-capital 1,510 1,507
Retained deficit (490) (113)
Treasury stock, 98,610 shares at cost (2) (2)
Total CVR stockholders’ equity 1,019 1,393
Noncontrolling interest 200 275
Total equity 1,219 1,668
Total liabilities and equity $ 3,978 $ 3,905