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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents (including $53 and $31, respectively, of consolidated variable interest entities (“VIEs”)) $ 707 $ 667
Accounts receivable (including $15 and $37, respectively, of VIEs) 226 178
Inventories (including $57 and $42, respectively, of VIEs) 378 298
Prepaid expenses and other current assets (including $7 and $8, respectively, of VIEs) 286 259
Total current assets 1,597 1,402
Property, plant and equipment, net (including $883 and $898, respectively, of VIEs) 2,278 2,240
Other long-term assets (including $16 and $17, respectively, of VIEs) 313 336
Total assets 4,188 3,978
Current liabilities:    
Accounts payable (including $22 and $25, respectively, of VIEs) 417 282
Other current liabilities (including $78 and $51, respectively, of VIEs) 578 377
Total current liabilities 995 659
Long-term debt and finance lease obligations, net of current portion (including $635 and $634, respectively, of VIEs) 1,683 1,683
Deferred income taxes 290 368
Other long-term liabilities (including $9 and $8, respectively, of VIEs) 56 49
Total long-term liabilities 2,029 2,100
Commitments and contingencies (See Note 12)
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 March 31, 2021 and December 31, 2020, respectively. 1 1
Additional paid-in-capital 1,510 1,510
Accumulated deficit (528) (490)
Treasury stock, 98,610 shares at cost (2) (2)
Total CVR stockholders’ equity 981 1,019
Noncontrolling interest 183 200
Total equity 1,164 1,219
Total liabilities and equity $ 4,188 $ 3,978