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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 90 $ 259
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 76 68
Deferred income taxes (5) 3
Loss on asset disposal 1 0
Share-based compensation 10 9
Unrealized loss (gain) on derivatives, net 24 (32)
Income from equity method investments (4) (3)
Return from equity method investment earnings 3 2
Other items 2 1
Changes in assets and liabilities:    
Current assets and liabilities (21) (58)
Other long-term assets and liabilities 1 (2)
Net cash provided by operating activities 177 247
Cash flows from investing activities:    
Capital expenditures (47) (45)
Turnaround expenditures (12) (8)
Return of equity method investment 3 19
Proceeds from sale of assets 1 0
Net cash used in investing activities (55) (34)
Cash flows from financing activities:    
Principal payments on senior secured notes (600) 0
Dividends to CVR Energy’s stockholders (50) (50)
Distributions to CVR Partners’ noncontrolling interest holders (11) (70)
Other financing activities (3) (2)
Net cash used in financing activities (664) (122)
Net (decrease) increase in cash, cash equivalents, reserved funds and restricted cash (542) 91
Cash, cash equivalents, reserved funds and restricted cash, beginning of period 1,186 517
Cash and cash equivalents, end of period $ 644 $ 608