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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 427 $ 392
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 141 140
Deferred income taxes 28 (10)
Share-based compensation 15 36
Unrealized (gain) loss on derivatives, net (13) 15
Other items 1 3
Changes in assets and liabilities:    
Current assets and liabilities 21 135
Non-current assets and liabilities (6) 1
Net cash provided by operating activities 614 712
Cash flows from investing activities:    
Capital expenditures (100) (88)
Turnaround expenditures (50) (68)
Return of equity method investment 20 0
Net cash used in investing activities (130) (156)
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 (101) (40)
Distributions to CVR Partners’ noncontrolling interest holders (140) (51)
Other financing activities (2) (5)
Net cash used in financing activities (243) (173)
Net increase in cash, cash equivalents and restricted cash 241 383
Cash, cash equivalents and restricted cash, beginning of period 517 517
Cash, cash equivalents and restricted cash, end of period $ 758 $ 900