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Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2024

Related Party Transactions [Abstract]

Schedule of Related Party Transactions

Activity associated with the Company’s related party arrangements for the three months ended March 31, 2024 and 2023 is summarized below:

									Three Months Ended March 31,
(in millions)															2024						2023
Sales to related parties:
CVRP JV CO Contract (1)															$	1					$	1
Purchases from related parties:
Enable Joint Venture Transportation Agreement															3						3
Midway Joint Venture Agreement (2)															7						6
Payments:
Dividends (3)															33						36

(1)Sales to related parties, included in Net sales in our Condensed Consolidated Statements of Operations, consists of CO sales to a CVRP JV subsidiary.

(2)Purchases from related parties, included in Cost of materials and other in our Condensed Consolidated Statements of Operations, represents reimbursements for crude oil transportation services incurred on the Midway JV through the intermediary purchasing agent.

(3)See below for a summary of the dividends paid to IEP during the three months ended March 31, 2024 and year ended December 31, 2023.

Schedule of Dividends Paid

The following tables present quarterly and special dividends paid to the Company’s stockholders, including IEP, during 2024 and 2023 (amounts presented in table below may not add to totals presented due to rounding):

																		Quarterly Dividends Paid (in millions)
Related Period						Date Paid						Quarterly Dividends Per Share						Public Stockholders						IEP						Total
2023 - 4th Quarter						March 11, 2024						$	0.50					$	17					$	33					$	50

																		Quarterly Dividends Paid (in millions)
Related Period						Date Paid						Quarterly Dividends Per Share						Public Stockholders						IEP						Total
2022 - 4th Quarter						March 13, 2023						$	0.50					$	15					$	36					$	50
2023 - 1st Quarter						May 22, 2023						$	0.50					$	15					$	36					$	50
2023 - 2nd Quarter						August 21, 2023						0.50						15						36						50
2023 - 3rd Quarter						November 20, 2023						0.50						17						33						50
Total 2023 quarterly dividends												$	2.00					$	61					$	140					$	201

																		Special Dividends Paid (in millions)
Related Period						Date Paid						Special Dividends Per Share						Public Stockholders						IEP						Total
2023 - 2nd Quarter						August 21, 2023						$	1.00					$	29					$	71					$	101
2023 - 3rd Quarter						November 20, 2023						1.50						51						100						151
Total 2023 special dividends												$	2.50					$	80					$	171					$	251

Schedule of Distributions Paid

The following tables present quarterly distributions paid by CVR Partners to CVR Partners’ unitholders, including amounts received by the Company, during 2024 and 2023 (amounts presented in tables below may not add to totals presented due to rounding):

																		Quarterly Distributions Paid (in millions)
Related Period						Date Paid						Quarterly Distributions Per Common Unit						Public Unitholders						CVR Energy						Total
2023 - 4th Quarter						March 11, 2024						$	1.68					$	11					$	7					$	18

																		Quarterly Distributions Paid (in millions)
Related Period						Date Paid						Quarterly Distributions  Per Common Unit						Public Unitholders						CVR Energy						Total
2022 - 4th Quarter						March 13, 2023						$	10.50					$	70					$	41					$	111
2023 - 1st Quarter						May 22, 2023						10.43						70						41						110
2023 - 2nd Quarter						August 21, 2023						4.14						28						16						44
2023 - 3rd Quarter						November 20, 2023						1.55						10						6						16
Total 2023 quarterly distributions												$	26.62					$	178					$	104					$	281

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- Definition

Tabular disclosure of payment of cash or stock made to limited partner of limited partnership (LP).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1

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Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates.

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