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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 49 $ (241)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 205 208
Loss on lower of cost or net realizable value adjustment 0 59
Goodwill impairment 0 41
(Gain) loss on marketable securities (82) 20
Deferred income taxes (34) (18)
Loss on asset disposal 3 2
Loss on extinguishment of debt 8 3
Share-based compensation 31 0
Other items 4 5
Changes in assets and liabilities:    
Current assets and liabilities 193 (23)
Non-current assets and liabilities 5 6
Net cash provided by operating activities 382 62
Cash flows from investing activities:    
Capital expenditures (188) (101)
Turnaround expenditures (3) (158)
Acquisition of pipeline assets (20) 0
Proceeds from sale of assets 7 1
Investment in marketable securities 0 (140)
Other investing activities 0 2
Net cash used in investing activities (204) (396)
Cash flows from financing activities:    
Proceeds from issuance of senior secured notes 550 1,000
Principal payments on senior secured notes (567) (500)
Call premium on extinguishment of debt 0 (5)
Repurchase of common units by CVR Partners (1) (2)
Dividends to CVR Energy’s stockholders (241) (121)
Distributions to CVR Partners’ noncontrolling interest holders (11) 0
Other financing activities (9) (11)
Net cash (used in) provided by financing activities (279) 361
Net (decrease) increase in cash and cash equivalents and restricted cash (101) 27
Cash, cash equivalents and restricted cash, beginning of period 674 652
Cash, cash equivalents and restricted cash, end of period $ 573 $ 679