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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents (including $45 and $86, respectively, of consolidated variable interest entity (“VIE”)) $ 581 $ 510
Reserved funds for debt payment 598 0
Accounts receivable, net (including $42 and $90, respectively, of VIE) 286 358
Inventories (including $69 and $78, respectively, of VIE) 604 624
Prepaid expenses and other current assets (including $10 and $11, respectively, of VIE) 110 101
Total current assets 2,179 1,593
Property, plant, and equipment, net (including $761 and $811, respectively, of VIE) 2,221 2,247
Other long-term assets (including $48 and $24, respectively, of VIE) 307 279
Total assets 4,707 4,119
Current liabilities:    
Current portion of long-term debt and finance lease obligations 606 6
Accounts payable (including $39 and $51, respectively, of VIE) 530 497
Other current liabilities (including $37 and $75, respectively, of VIE) 546 936
Total current liabilities 1,682 1,439
Long-term liabilities:    
Long-term debt and finance lease obligations, net of current portion (including $547 and $547, respectively, of VIE) 1,579 1,585
Deferred income taxes 327 249
Other long-term liabilities (including $50 and $16, respectively, of VIE) 81 55
Total long-term liabilities 1,987 1,889
Commitments and contingencies (See Note 14)
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 December 31, 2023 and 2022, respectively 1 1
Additional paid-in-capital 1,508 1,508
Accumulated deficit (660) (976)
Treasury stock, 98,610 shares at cost (2) (2)
Total CVR stockholders’ equity 847 531
Noncontrolling interest 191 260
Total equity 1,038 791
Total liabilities and equity $ 4,707 $ 4,119