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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents (including $111 and $45, respectively, of consolidated variable interest entity (“VIE”)) $ 534 $ 581
Reserved funds for debt payment 0 598
Accounts receivable, net (including $36 and $42, respectively, of VIE) 281 286
Inventories (including $75 and $69, respectively, of VIE) 498 604
Prepaid expenses (including $4 and $8, respectively, of VIE) 25 59
Other current assets (including $1 and $1, respectively, of VIE) 70 51
Total current assets 1,408 2,179
Property, plant, and equipment, net (including $715 and $761, respectively, of VIE) 2,164 2,221
Other long-term assets (including $45 and $48, respectively, of VIE) 306 307
Total assets 3,878 4,707
Current liabilities:    
Current portion of long-term debt and finance lease obligations 8 606
Accounts payable (including $34 and $39, respectively, of VIE) 464 530
Other current liabilities (including $71 and $37, respectively, of VIE) 583 546
Total current liabilities 1,055 1,682
Long-term liabilities:    
Long-term debt and finance lease obligations, net of current portion (including $548 and $547, respectively, of VIE) 1,574 1,579
Deferred income taxes 309 327
Other long-term liabilities (including $46 and $50, respectively, of VIE) 84 81
Total long-term liabilities 1,967 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 September 30, 2024 and December 31, 2023, respectively 1 1
Additional paid-in-capital 1,508 1,508
Accumulated deficit (832) (660)
Treasury stock, 98,610 shares at cost (2) (2)
Total CVR stockholders’ equity 675 847
Noncontrolling interest 181 191
Total equity 856 1,038
Total liabilities and equity $ 3,878 $ 4,707