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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents (including $121 and $86, respectively, of consolidated variable interest entity (“VIE”)) $ 601 $ 510
Accounts receivable (including $53 and $90, respectively, of VIE) 330 358
Inventories (including $87 and $78, respectively, of VIE) 609 624
Prepaid expenses and other current assets (including $10 and $11, respectively, of VIE) 97 101
Total current assets 1,637 1,593
Property, plant and equipment, net (including $797 and $811, respectively, of VIE) 2,241 2,247
Other long-term assets (including $49 and $24, respectively, of VIE) 330 279
Total assets 4,208 4,119
Current liabilities:    
Accounts payable (including $34 and $51, respectively, of VIE) 512 497
Other current liabilities (including $79 and $75, respectively, of VIE) 835 942
Total current liabilities 1,347 1,439
Long-term liabilities:    
Long-term debt and finance lease obligations, net of current portion (including $547 and $547, respectively, of VIE) 1,584 1,585
Deferred income taxes 251 249
Other long-term liabilities (including $53 and $16, respectively, of VIE) 97 55
Total long-term liabilities 1,932 1,889
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, 2023 and December 31, 2022, respectively 1 1
Additional paid-in-capital 1,508 1,508
Accumulated deficit (832) (976)
Treasury stock, 98,610 shares at cost (2) (2)
Total CVR stockholders’ equity 675 531
Noncontrolling interest 254 260
Total equity 929 791
Total liabilities and equity $ 4,208 $ 4,119