XML 91 R54.htm IDEA: XBRL DOCUMENT
v3.21.1

Derivative Financial Instruments, Investments and Fair Value Measurements - Assets and Liabilities Measured at Fair Value (Details) - Recurring - USD ($) $ in Millions | Mar. 31, 2021 | Dec. 31, 2020
--- | --- | ---
Fair value measurements |  |
Prepaid expenses and other current assets (investments) | $ 235 | $ 173
Total Assets | 241 | 173
Current portion of long-term debt | (2) | (2)
Long-term debt and finance lease obligations, net of current portion | (1,627) | (1,604)
Total Liabilities | (2,034) | (1,837)
Commodity derivatives |  |
Fair value measurements |  |
Prepaid expenses and other current assets (commodity derivatives) | 6 |
Other current liabilities (derivatives) |  | (17)
Commodity swaps |  |
Fair value measurements |  |
Other current liabilities (derivatives) | (63) |
RFS obligation |  |
Fair value measurements |  |
Other current liabilities (RFS obligation) | (342) | (214)
Level 1 |  |
Fair value measurements |  |
Prepaid expenses and other current assets (investments) | 235 | 173
Total Assets | 235 | 173
Current portion of long-term debt | 0 | 0
Long-term debt and finance lease obligations, net of current portion | 0 | 0
Total Liabilities | 0 | 0
Level 1 | Commodity derivatives |  |
Fair value measurements |  |
Prepaid expenses and other current assets (commodity derivatives) | 0 |
Other current liabilities (derivatives) |  | 0
Level 1 | Commodity swaps |  |
Fair value measurements |  |
Other current liabilities (derivatives) | 0 |
Level 1 | RFS obligation |  |
Fair value measurements |  |
Other current liabilities (RFS obligation) | 0 | 0
Level 2 |  |
Fair value measurements |  |
Prepaid expenses and other current assets (investments) | 0 | 0
Total Assets | 6 | 0
Current portion of long-term debt | (2) | (2)
Long-term debt and finance lease obligations, net of current portion | (1,627) | (1,604)
Total Liabilities | (2,034) | (1,837)
Level 2 | Commodity derivatives |  |
Fair value measurements |  |
Prepaid expenses and other current assets (commodity derivatives) | 6 |
Other current liabilities (derivatives) |  | (17)
Level 2 | Commodity swaps |  |
Fair value measurements |  |
Other current liabilities (derivatives) | (63) |
Level 2 | RFS obligation |  |
Fair value measurements |  |
Other current liabilities (RFS obligation) | (342) | (214)
Level 3 |  |
Fair value measurements |  |
Prepaid expenses and other current assets (investments) | 0 | 0
Total Assets | 0 | 0
Current portion of long-term debt | 0 | 0
Long-term debt and finance lease obligations, net of current portion | 0 | 0
Total Liabilities | 0 | 0
Level 3 | Commodity derivatives |  |
Fair value measurements |  |
Prepaid expenses and other current assets (commodity derivatives) | 0 |
Other current liabilities (derivatives) |  | 0
Level 3 | Commodity swaps |  |
Fair value measurements |  |
Other current liabilities (derivatives) | 0 |
Level 3 | RFS obligation |  |
Fair value measurements |  |
Other current liabilities (RFS obligation) | $ 0 | $ 0

X
- Definition Long-Term Debt, Current Maturities, Fair Value + References No definition available. + Details
Name: | cvi_LongTermDebtCurrentMaturitiesFairValue
Namespace Prefix: | cvi_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_AssetsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 + Details
Name: | us-gaap_DerivativeAssetsCurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 + Details
Name: | us-gaap_DerivativeLiabilitiesCurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value portion of investment securities, including, but not limited to, marketable securities, derivative financial instruments, and investments accounted for under the equity method. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_InvestmentsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value of financial and nonfinancial obligations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_LiabilitiesFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. + References No definition available. + Details
Name: | us-gaap_LongTermDebtFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value portion of other liabilities. + References No definition available. + Details
Name: | us-gaap_OtherLiabilitiesFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CommodityContractMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=cvi_CommoditySwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=cvi_RenewableFuelStandardObligationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |