XML 81 R26.htm IDEA: XBRL DOCUMENT v3.21.2

Leases (Tables)

9 Months Ended

Sep. 30, 2021

Leases [Abstract]

Summary of right of use asset and lease liability balances for operating and finance leases

The following tables summarize the right-of-use (“ROU”) asset and lease liability balances for the Company’s operating and finance leases at September 30, 2021 and December 31, 2020:

			September 30, 2021												December 31, 2020
(in millions)			Operating Leases						Finance Leases						Operating Leases						Finance Leases
ROU assets, net
Pipeline and storage			$	18					$	24					$	15					$	26
Railcars			7						—						8						—
Real estate and other			13						18						14						21
Lease liability
Pipelines and storage			$	18					$	36					$	16					$	38
Railcars			7						—						8						—
Real estate and other			13						20						14						22

Lease expense, lease terms, and discount rates

For the three and nine months ended September 30, 2021 and 2020, we recognized lease expense comprised of the following components:

			Three Months Ended September 30,												Nine Months Ended September 30,
(in millions)			2021						2020						2021						2020
Operating lease expense			$	3					$	4					$	11					$	13
Finance lease expense:
Amortization of ROU asset			$	2					$	2					$	5					$	5
Interest expense on lease liability			1						1						4						4
Short-term lease expense			$	2					$	2					$	5					$	6

The following outlines the remaining lease terms and discount rates used in the measurement of the Company’s ROU assets and liabilities:

			September 30, 2021												December 31, 2020
			Operating Leases						Finance Leases						Operating Leases						Finance Leases
Weighted-average remaining lease term			4.3 years						7.4 years						3.1 years						8.1 years
Weighted-average discount rate			5.5		%				9.0		%				5.5		%				9.0		%

Summary of remaining minimum lease payments for operating leases

The following summarizes the remaining minimum lease payments through maturity of the Company’s lease liabilities at September 30, 2021:

(in millions)			Operating Leases						Finance Leases
Remainder of 2021			$	3					$	3
2022			13						11
2023			12						10
2024			7						10
2025			2						10
Thereafter			5						33
Total lease payments			42						77
Less: imputed interest			(4)						(21)
Total lease liability			$	38					$	56

Summary of remaining minimum lease payments for finance leases

The following summarizes the remaining minimum lease payments through maturity of the Company’s lease liabilities at September 30, 2021:

(in millions)			Operating Leases						Finance Leases
Remainder of 2021			$	3					$	3
2022			13						11
2023			12						10
2024			7						10
2025			2						10
Thereafter			5						33
Total lease payments			42						77
Less: imputed interest			(4)						(21)
Total lease liability			$	38					$	56

X

- Definition

Assets and Liabilities, Lessee [Table Text Block]

+ References

No definition available.

+ Details

Name:	cvi_AssetsandLiabilitiesLesseeTableTextBlock
Namespace Prefix:	cvi_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980

+ Details

Name:	us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980

+ Details

Name:	us-gaap_LeaseCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980

+ Details

Name:	us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration