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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 259 $ 153
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 68 67
Deferred income taxes 3 (4)
Share-based compensation 9 25
Unrealized gain on derivatives, net (32) (6)
Other items 0 3
Changes in assets and liabilities:    
Current assets and liabilities (58) 83
Non-current assets and liabilities (2) 1
Net cash provided by operating activities 247 322
Cash flows from investing activities:    
Capital expenditures (45) (26)
Turnaround expenditures (8) (15)
Return on equity method investment 19 0
Net cash used in investing activities (34) (41)
Cash flows from financing activities:    
Principal payments on senior secured notes 0 (65)
Repurchase of common units by CVR Partners 0 (12)
Dividends to CVR Energy’s stockholders (50) 0
Distributions to CVR Partners’ noncontrolling interest holders (70) (36)
Other financing activities (2) (2)
Net cash used in financing activities (122) (115)
Net increase in cash, cash equivalents and restricted cash 91 166
Cash, cash equivalents and restricted cash, beginning of period 517 517
Cash, cash equivalents and restricted cash, end of period $ 608 $ 683