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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents (including $91 and $45, respectively, of consolidated variable interest entity (“VIE”)) $ 987 $ 581
Reserved funds for debt payment 0 598
Accounts receivable, net (including $65 and $42, respectively, of VIE) 295 286
Inventories (including $76 and $69, respectively, of VIE) 502 604
Prepaid expenses (including $1 and $8, respectively, of VIE) 16 59
Other current assets (including $1 and $1, respectively, of VIE) 24 51
Total current assets 1,824 2,179
Property, plant, and equipment, net (including $736 and $761, respectively, of VIE) 2,176 2,221
Other long-term assets (including $50 and $48, respectively, of VIE) 263 307
Total assets 4,263 4,707
Current liabilities:    
Current portion of long-term debt and finance lease obligations (including $1 and $0, respectively, of VIE) 12 606
Accounts payable (including $37 and $39, respectively, of VIE) 538 530
Other current liabilities (including $74 and $37, respectively, of VIE) 548 546
Total current liabilities 1,098 1,682
Long-term liabilities:    
Long-term debt and finance lease obligations, net of current portion (including $568 and $547, respectively, of VIE) 1,907 1,579
Deferred income taxes 277 327
Other long-term liabilities (including $46 and $50, respectively, of VIE) 93 81
Total long-term liabilities 2,277 1,987
Commitments and contingencies (See Note 14)
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 December 31, 2024 and 2023, respectively 1 1
Additional paid-in-capital 1,508 1,508
Accumulated deficit (804) (660)
Treasury stock, 98,610 shares at cost (2) (2)
Total CVR stockholders’ equity 703 847
Noncontrolling interest 185 191
Total equity 888 1,038
Total liabilities and equity $ 4,263 $ 4,707