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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Cash flows from operating activities:      
Net (loss) income $ (105) $ 90  
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:      
Depreciation and amortization 68 76  
Deferred income taxes and unrecognized tax benefits (49) (5)  
Share-based compensation 6 10  
Unrealized loss (gain) on derivatives, net (3) 24  
Income from equity method investments (1) (4)  
Return from equity method investment earnings 1 3  
Other items 1 3  
Changes in assets and liabilities:      
Accounts receivables (25) 25  
Inventories (88) 5  
Prepaid expenses and other current assets (6) 31  
Accounts payable (64) (10)  
Deferred revenue (15) 9  
Other current liabilities 85 (80)  
Net cash (used in) provided by operating activities (195) 177  
Cash flows from investing activities:      
Capital expenditures (51) (47)  
Turnaround expenditures (43) (12)  
Insurance proceeds related to asset damages 2 0  
Return of equity method investment 4 3  
Proceeds from sale of assets 6 1  
Net cash used in investing activities (82) (55)  
Cash flows from financing activities:      
Principal payments on senior secured notes 0 (600)  
Dividends to CVR Energy’s stockholders 0 (50)  
Distributions to CVR Partners’ noncontrolling interest holders (12) (11)  
Other financing activities (3) (3)  
Net cash used in financing activities (15) (664)  
Net decrease in cash, cash equivalents (292) (542)  
Cash, cash equivalents, reserved funds, and restricted cash, beginning of period [1] 987 1,186 $ 1,186
Cash and cash equivalents, end of period $ 695 $ 644 $ 987 [1]
[1] As of December 31, 2023, consisted of $581 million of cash and cash equivalents, $598 million of reserved funds, and $7 million of restricted cash. The reserved funds and restricted cash were released in the first quarter of 2024.