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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents (including $156 and $91, respectively, of consolidated variable interest entity (“VIE”)) $ 670 $ 987
Accounts receivable, net (including $48 and $65, respectively, of VIE) 253 295
Inventories (including $82 and $76, respectively, of VIE) 509 502
Prepaid expenses (including $1 and $1, respectively, of VIE) 23 16
Other current assets (including $1 and $1, respectively, of VIE) 23 24
Total current assets 1,478 1,824
Property, plant, and equipment, net (including $705 and $736, respectively, of VIE) 2,106 2,176
Other long-term assets (including $43 and $50, respectively, of VIE) 408 263
Total assets 3,992 4,263
Current liabilities:    
Accounts payable (including $39 and $37, respectively, of VIE) 437 538
Other current liabilities (including $68 and $75, respectively, of VIE) 318 560
Total current liabilities 755 1,098
Long-term liabilities:    
Long-term debt and finance lease obligations, net of current portion (including $569 and $568, respectively, of VIE) 1,827 1,907
Deferred income taxes 274 277
Other long-term liabilities (including $42 and $46, respectively, of VIE) 95 93
Total long-term liabilities 2,196 2,277
Commitments and contingencies (See Note 12)
CVR Energy stockholders’ equity:    
Preferred stock, $0.01 par value per share; 50,000,000 shares authorized; none issued 0 0
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, 2025 and December 31, 2024, respectively 1 1
Additional paid-in-capital 1,508 1,508
Accumulated deficit (667) (804)
Treasury stock, 98,610 shares at cost (2) (2)
Total CVR stockholders’ equity 840 703
Noncontrolling interest 201 185
Total equity 1,041 888
Total liabilities and equity $ 3,992 $ 4,263