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Long-Term Debt and Finance Lease Obligations (Tables) | 3 Months Ended
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Mar. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Long-term debt and Finance Lease Obligations | Long-term debt and finance lease obligations consisted of the following:
(in millions) | March 31, 2024 |  | December 31, 2023
CVR Energy: |  |  |
5.75% Senior Notes, due February 2028 | $ | 400 |  |  | $ | 400 |
8.50% Senior Notes, due January 2029 | 600 |  |  | 600 |
Unamortized debt issuance costs | (5) |  |  | (5) |
Total CVR Energy debt | 995 |  |  | 995 |
Petroleum Segment: |  |  |
Finance lease obligations, net of current portion | 35 |  |  | 37 |
Total Petroleum Segment finance lease obligations, net of current portion | 35 |  |  | 37 |
Nitrogen Fertilizer Segment: |  |  |
6.125% Senior Secured Notes, due June 2028 | $ | 550 |  |  | $ | 550 |
Unamortized debt issuance costs | (3) |  |  | (3) |
Total Nitrogen Fertilizer Segment debt | 547 |  |  | 547 |
Total long-term debt and finance lease obligations, net of current portion | 1,577 |  |  | 1,579 |
Current portion of long-term debt and finance lease obligations | 8 |  |  | 606 |
Total long-term debt and finance lease obligations, including current portion | $ | 1,585 |  |  | $ | 2,185 |
Credit Agreements
(in millions) | Total Available Borrowing Capacity |  | Amount Borrowed as of March 31, 2024 |  | Outstanding Letters of Credit |  | Available Capacity as of March 31, 2024 |  | Maturity Date
CVR Energy: |  |  |  |  |  |  |  |  |
CVR Energy’s Amended and Restated ABL Credit Agreement (“CVR Energy ABL”) | $ | 275 |  |  | $ | — |  |  | $ | 24 |  |  | $ | 251 |  |  | June 30, 2027
Nitrogen Fertilizer Segment: |  |  |  |  |  |  |  |  |
CVR Partners’ Credit Agreement (“CVR Partners ABL”) | $ | 43 |  |  | $ | — |  |  | $ | — |  |  | $ | 43 |  |  | September 26, 2028

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