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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents (including $114 and $91, respectively, of consolidated variable interest entity (“VIE”)) $ 596 $ 987
Accounts receivable, net (including $50 and $65, respectively, of VIE) 245 295
Inventories (including $74 and $76, respectively, of VIE) 503 502
Prepaid expenses (including $2 and $1, respectively, of VIE) 25 16
Other current assets (including $1 and $1, respectively, of VIE) 23 24
Total current assets 1,392 1,824
Property, plant, and equipment, net (including $713 and $736, respectively, of VIE) 2,155 2,176
Other long-term assets (including $43 and $50, respectively, of VIE) 437 263
Total assets 3,984 4,263
Current liabilities:    
Accounts payable (including $38 and $37, respectively, of VIE) 462 538
Other current liabilities (including $32 and $75, respectively, of VIE) 729 560
Total current liabilities 1,191 1,098
Long-term liabilities:    
Long-term debt and finance lease obligations, net of current portion (including $569 and $568, respectively, of VIE) 1,849 1,907
Deferred income taxes 186 277
Other long-term liabilities (including $42 and $46, respectively, of VIE) 92 93
Total long-term liabilities 2,127 2,277
Commitments and contingencies (See Note 12)
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 June 30, 2025 and December 31, 2024, respectively 1 1
Additional paid-in-capital 1,508 1,508
Accumulated deficit (1,041) (804)
Treasury stock, 98,610 shares at cost (2) (2)
Total CVR stockholders’ equity 466 703
Noncontrolling interest 200 185
Total equity 666 888
Total liabilities and equity $ 3,984 $ 4,263