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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents (including $65 and $45, respectively, of consolidated variable interest entity (“VIE”)) $ 644 $ 581
Reserved funds for debt payment 0 598
Accounts receivable, net (including $37 and $42, respectively, of VIE) 253 286
Inventories (including $72 and $69, respectively, of VIE) 601 604
Prepaid expenses (including $7 and $8, respectively, of VIE) 36 59
Other current assets (including $1 and $1, respectively, of VIE) 21 51
Total current assets 1,555 2,179
Property, plant, and equipment, net (including $744 and $761, respectively, of VIE) 2,210 2,221
Other long-term assets (including $46 and $48, respectively, of VIE) 328 307
Total assets 4,093 4,707
Current liabilities:    
Current portion of long-term debt and finance lease obligations 8 606
Accounts payable (including $32 and $39, respectively, of VIE) 551 530
Other current liabilities (including $47 and $37, respectively, of VIE) 484 546
Total current liabilities 1,043 1,682
Long-term liabilities:    
Long-term debt and finance lease obligations, net of current portion (including $547 and $547, respectively, of VIE) 1,577 1,579
Deferred income taxes 322 327
Other long-term liabilities (including $48 and $50, respectively, of VIE) 84 81
Total long-term liabilities 1,983 1,987
Commitments and contingencies (See Note 13)
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, 2024 and December 31, 2023, respectively 1 1
Additional paid-in-capital 1,508 1,508
Accumulated deficit (628) (660)
Treasury stock, 98,610 shares at cost (2) (2)
Total CVR stockholders’ equity 879 847
Noncontrolling interest 188 191
Total equity 1,067 1,038
Total liabilities and equity $ 4,093 $ 4,707