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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents (including $137 and $113, respectively, of consolidated variable interest entity (“VIE”)) $ 676 $ 510
Accounts receivable (including $44 and $88, respectively, of VIE) 353 299
Inventories (including $65 and $52, respectively, of VIE) 683 484
Prepaid expenses and other current assets (including $8 and $9, respectively, of VIE) 54 76
Total current assets 1,766 1,369
Property, plant and equipment, net (including $836 and $850, respectively, of VIE) 2,269 2,273
Other long-term assets (including $13 and $14, respectively, of VIE) 310 264
Total assets 4,345 3,906
Current liabilities:    
Accounts payable (including $55 and $50, respectively, of VIE) 709 409
Other current liabilities (including $118 and $111, respectively, of VIE) 843 747
Total current liabilities 1,552 1,156
Long-term liabilities:    
Long-term debt and finance lease obligations, net of current portion (including $546 and $611, respectively, of VIE) 1,589 1,654
Deferred income taxes 263 268
Other long-term liabilities (including $16 and $12, respectively, of VIE) 65 58
Total long-term liabilities 1,917 1,980
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 March 31, 2022 and December 31, 2021, respectively 1 1
Additional paid-in-capital 1,508 1,510
Accumulated deficit (863) (956)
Treasury stock, 98,610 shares at cost (2) (2)
Total CVR stockholders’ equity 644 553
Noncontrolling interest 232 217
Total equity 876 770
Total liabilities and equity $ 4,345 $ 3,906