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Leases | 9 Months Ended
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Sep. 30, 2024
Leases [Abstract] |
Leases | (6) Leases Balance Sheet Summary as of September 30, 2024 and December 31, 2023 The following tables summarize the right-of-use (“ROU”) asset and lease liability balances for the Company’s operating and finance leases at September 30, 2024 and December 31, 2023:
| September 30, 2024 |  | December 31, 2023
(in millions) | Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases
ROU assets, net |  |  |  |  |  |  |
Pipelines and storage | $ | 8 |  |  | $ | 15 |  |  | $ | 12 |  |  | $ | 17 |
Railcars | 14 |  |  | — |  |  | 12 |  |  | — |
Real estate and other | 33 |  |  | 12 |  |  | 29 |  |  | 14 |
Lease liability |  |  |  |  |  |  |
Pipelines and storage | 8 |  |  | 25 |  |  | 12 |  |  | 28 |
Railcars | 14 |  |  | — |  |  | 12 |  |  | — |
Real estate and other | 30 |  |  | 14 |  |  | 25 |  |  | 16 |
Lease Expense Summary for the Three and Nine Months Ended September 30, 2024 and 2023 We recognize operating lease expense on a straight-line basis over the lease term within Direct operating expenses (exclusive of depreciation and amortization) and Cost of materials and other and finance lease expense on a straight-line basis over the lease term within Depreciation and amortization. For the three and nine months ended September 30, 2024 and 2023, we recognized lease expense comprised of the following components:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in millions) | 2024 |  | 2023 |  | 2024 |  | 2023
Operating lease expense | $ | 5 |  |  | $ | 4 |  |  | $ | 14 |  |  | $ | 13 |
Finance lease expense: |  |  |  |  |  |  |
Amortization of ROU asset | 1 |  |  | 1 |  |  | 4 |  |  | 4 |
Interest expense on lease liability | 1 |  |  | 1 |  |  | 3 |  |  | 3 |
Short-term lease expense | 3 |  |  | 3 |  |  | 9 |  |  | 8 |
Lease Commitments Not Yet Commenced Coffeyville Resources Nitrogen Fertilizer, LLC (“CRNF”), a subsidiary of CVR Partners, is party to an On-Site Product Supply Agreement with Messer LLC. Based on terms outlined in this agreement, the Company expects this contract to be recorded as a finance lease with approximately $21 million being capitalized upon lease commencement when the item is placed in service, which is currently expected to occur in the fourth quarter of 2024. Refer to Part II, Item 8, Note 6 (“Leases”) of our 2023 Form 10-K for further information.
Leases | (6) Leases Balance Sheet Summary as of September 30, 2024 and December 31, 2023 The following tables summarize the right-of-use (“ROU”) asset and lease liability balances for the Company’s operating and finance leases at September 30, 2024 and December 31, 2023:
| September 30, 2024 |  | December 31, 2023
(in millions) | Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases
ROU assets, net |  |  |  |  |  |  |
Pipelines and storage | $ | 8 |  |  | $ | 15 |  |  | $ | 12 |  |  | $ | 17 |
Railcars | 14 |  |  | — |  |  | 12 |  |  | — |
Real estate and other | 33 |  |  | 12 |  |  | 29 |  |  | 14 |
Lease liability |  |  |  |  |  |  |
Pipelines and storage | 8 |  |  | 25 |  |  | 12 |  |  | 28 |
Railcars | 14 |  |  | — |  |  | 12 |  |  | — |
Real estate and other | 30 |  |  | 14 |  |  | 25 |  |  | 16 |
Lease Expense Summary for the Three and Nine Months Ended September 30, 2024 and 2023 We recognize operating lease expense on a straight-line basis over the lease term within Direct operating expenses (exclusive of depreciation and amortization) and Cost of materials and other and finance lease expense on a straight-line basis over the lease term within Depreciation and amortization. For the three and nine months ended September 30, 2024 and 2023, we recognized lease expense comprised of the following components:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in millions) | 2024 |  | 2023 |  | 2024 |  | 2023
Operating lease expense | $ | 5 |  |  | $ | 4 |  |  | $ | 14 |  |  | $ | 13 |
Finance lease expense: |  |  |  |  |  |  |
Amortization of ROU asset | 1 |  |  | 1 |  |  | 4 |  |  | 4 |
Interest expense on lease liability | 1 |  |  | 1 |  |  | 3 |  |  | 3 |
Short-term lease expense | 3 |  |  | 3 |  |  | 9 |  |  | 8 |
Lease Commitments Not Yet Commenced Coffeyville Resources Nitrogen Fertilizer, LLC (“CRNF”), a subsidiary of CVR Partners, is party to an On-Site Product Supply Agreement with Messer LLC. Based on terms outlined in this agreement, the Company expects this contract to be recorded as a finance lease with approximately $21 million being capitalized upon lease commencement when the item is placed in service, which is currently expected to occur in the fourth quarter of 2024. Refer to Part II, Item 8, Note 6 (“Leases”) of our 2023 Form 10-K for further information.

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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