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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents (including $43 and $31, respectively, of consolidated variable interest entities (“VIEs”)) $ 519 $ 667
Accounts receivable (including $35 and $37, respectively, of VIEs) 234 178
Inventories (including $50 and $42, respectively, of VIEs) 404 298
Prepaid expenses and other current assets (including $7 and $8, respectively, of VIEs) 43 259
Total current assets 1,200 1,402
Property, plant and equipment, net (including $868 and $898, respectively, of VIEs) 2,304 2,240
Other long-term assets (including $16 and $17, respectively, of VIEs) 294 336
Total assets 3,798 3,978
Current liabilities:    
Accounts payable (including $30 and $25, respectively, of VIEs) 432 282
Other current liabilities (including $40 and $51, respectively, of VIEs) 680 377
Total current liabilities 1,112 659
Long-term debt and finance lease obligations, net of current portion (including $640 and $634, respectively, of VIEs) 1,687 1,683
Deferred income taxes 265 368
Other long-term liabilities (including $14 and $8, respectively, of VIEs) 64 49
Total long-term liabilities 2,016 2,100
Commitments and contingencies (See Note 12)
CVR Energy 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, 2021 and December 31, 2020, respectively 1 1
Additional paid-in-capital 1,510 1,510
Accumulated deficit (1,026) (490)
Treasury stock, 98,610 shares at cost (2) (2)
Total CVR stockholders’ equity 483 1,019
Noncontrolling interest 187 200
Total equity 670 1,219
Total liabilities and equity $ 3,798 $ 3,978