CVR Energy (CVI) 10-Q 3 Nov 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Oct. 30, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	001-33492
Entity Registrant Name	CVR ENERGY, INC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	61-1512186
Entity Address, Address Line One	2277 Plaza Drive, Suite 500
Entity Address, City or Town	Sugar Land
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77479
City Area Code	281
Local Phone Number	207-3200
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	CVI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		100,530,599
Entity Central Index Key	0001376139
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents (including $48 and $37, respectively, of consolidated variable interest entities (“VIEs”))	$ 672	$ 652
Accounts receivable (including $19 and $34, respectively, of VIEs)	133	182
Inventories (including $46 and $48, respectively, of VIEs)	266	373
Prepaid expenses and other current assets (including $3 and $5, respectively, of VIEs)	183	67
Total current assets	1,254	1,274
Property, plant and equipment, net (including $913 and $952, respectively, of VIEs)	2,267	2,336
Other long-term assets (including $18 and $61, respectively, of VIEs)	355	295
Total assets	3,876	3,905
Current liabilities:
Accounts payable (including $25 and $24, respectively, of VIEs)	242	412
Other current liabilities (including $44 and $52, respectively, of VIEs)	215	184
Total current liabilities	457	596
Long-term debt and finance lease obligations (including $633 and $632, respectively, of VIEs)	1,683	1,190
Deferred income taxes	379	396
Other long-term liabilities (including $10 and $10, respectively, of VIEs)	55	55
Total long-term liabilities	2,117	1,641
Commitments and contingencies (See Note 13)
CVR 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, 2020 and December 31, 2019, respectively.	1	1
Additional paid-in-capital	1,508	1,507
Accumulated deficit	(423)	(113)
Treasury stock, 98,610 shares at cost	(2)	(2)
Total CVR stockholders’ equity	1,084	1,393
Noncontrolling interest	218	275
Total equity	1,302	1,668
Total liabilities and equity	$ 3,876	$ 3,905

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 672	$ 652
Accounts receivable	133	182
Inventories	266	373
Prepaid expenses and other current assets	183	67
Property, plant and equipment, net	2,267	2,336
Other long-term assets	355	295
Current liabilities:
Accounts payable	242	412
Other current liabilities	215	184
Long-term debt and finance lease obligations	1,683	1,190
Other long-term liabilities	$ 55	$ 55
Equity:
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	350,000,000	350,000,000
Common stock, issued (in shares)	100,629,209	100,629,209
Treasury stock (in shares)	98,610	98,610
Variable Interest Entities
Current assets:
Cash and cash equivalents	$ 48	$ 37
Accounts receivable	19	34
Inventories	46	48
Prepaid expenses and other current assets	3	5
Property, plant and equipment, net	913	952
Other long-term assets	18	61
Current liabilities:
Accounts payable	25	24
Other current liabilities	44	52
Long-term debt and finance lease obligations	633	632
Other long-term liabilities	$ 10	$ 10

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Statement [Abstract]
Net sales	$ 1,005	$ 1,622	$ 2,811	$ 4,794
Operating costs and expenses:
Cost of materials and other	846	1,221	2,348	3,589
Direct operating expenses (exclusive of depreciation and amortization)	116	139	353	397
Depreciation and amortization	67	69	200	210
Cost of sales	1,029	1,429	2,901	4,196
Selling, general and administrative expenses (exclusive of depreciation and amortization)	20	29	65	85
Depreciation and amortization	2	2	8	7
Loss (gain) on asset disposals	0	3	2	(5)
Goodwill impairment	0	0	41	0
Operating (loss) income	(46)	159	(206)	511
Other (expense) income:
Interest expense, net	(31)	(26)	(98)	(77)
Investment loss from marketable securities	(65)	0	(13)	0
Other income, net	3	5	3	10
(Loss) income before income tax expense	(139)	138	(314)	444
Income tax (benefit) expense	(31)	34	(73)	110
Net (loss) income	(108)	104	(241)	334
Less: Net loss attributable to noncontrolling interest	(12)	(15)	(53)	(2)
Net (loss) income attributable to CVR Energy stockholders	$ (96)	$ 119	$ (188)	$ 336
Basic and diluted (loss) earnings per share (in dollars per share)	$ (0.96)	$ 1.18	$ (1.87)	$ 3.34
Dividends declared per share (in dollars per share)	$ 0	$ 0.75	$ 1.20	$ 2.25
Weighted-average common shares outstanding:
Basic and diluted (in shares)	100.5	100.5	100.5	100.5

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited) - USD ($) $ in Millions	Total	Effect of turnaround accounting change	Total CVR Stockholders’ Equity	Total CVR Stockholders’ EquityEffect of turnaround accounting change	$0.01 Par Value Common Stock	Additional Paid-In Capital	Additional Paid-In CapitalEffect of turnaround accounting change	Accumulated Deficit	Treasury Stock	Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2018					100,629,209
Beginning balance at Dec. 31, 2018	$ 1,943	$ 34	$ 1,286	$ 34	$ 1	$ 1,474	$ 34	$ (187)	$ (2)	$ 657
Increase (Decrease) in Stockholders' Equity
Dividends paid to CVR Energy stockholders	(75)		(75)					(75)
Distributions from CVR Partners to its public unitholders	(9)									(9)
Acquisition of CVR Refining noncontrolling interest	(335)		(1)			(1)				(334)
Other	(2)		(2)			(1)		(1)
Net income (loss)	102		101					101		1
Ending balance (in shares) at Mar. 31, 2019					100,629,209
Ending balance at Mar. 31, 2019	1,658		1,343		$ 1	1,506		(162)	(2)	315
Beginning balance (in shares) at Dec. 31, 2018					100,629,209
Beginning balance at Dec. 31, 2018	1,943	$ 34	1,286	$ 34	$ 1	1,474	$ 34	(187)	(2)	657
Increase (Decrease) in Stockholders' Equity
Net income (loss)	334
Ending balance (in shares) at Sep. 30, 2019					100,629,209
Ending balance at Sep. 30, 2019	1,724		1,428		$ 1	1,506		(77)	(2)	296
Beginning balance (in shares) at Mar. 31, 2019					100,629,209
Beginning balance at Mar. 31, 2019	1,658		1,343		$ 1	1,506		(162)	(2)	315
Increase (Decrease) in Stockholders' Equity
Dividends paid to CVR Energy stockholders	(75)		(75)					(75)
Distributions from CVR Partners to its public unitholders	(5)									(5)
Net income (loss)	128		116					116		12
Ending balance (in shares) at Jun. 30, 2019					100,629,209
Ending balance at Jun. 30, 2019	1,706		1,384		$ 1	1,506		(121)	(2)	322
Increase (Decrease) in Stockholders' Equity
Dividends paid to CVR Energy stockholders	(75)		(75)					(75)
Distributions from CVR Partners to its public unitholders	(11)									(11)
Net income (loss)	104		119					119		(15)
Ending balance (in shares) at Sep. 30, 2019					100,629,209
Ending balance at Sep. 30, 2019	1,724		1,428		$ 1	1,506		(77)	(2)	296
Beginning balance (in shares) at Dec. 31, 2019					100,629,209
Beginning balance at Dec. 31, 2019	1,668		1,393		$ 1	1,507		(113)	(2)	275
Increase (Decrease) in Stockholders' Equity
Dividends paid to CVR Energy stockholders	(80)		(80)					(80)
Other	(1)		(1)					(1)
Net income (loss)	(101)		(87)					(87)		(14)
Ending balance (in shares) at Mar. 31, 2020					100,629,209
Ending balance at Mar. 31, 2020	1,486		1,225		$ 1	1,507		(281)	(2)	261
Beginning balance (in shares) at Dec. 31, 2019					100,629,209
Beginning balance at Dec. 31, 2019	1,668		1,393		$ 1	1,507		(113)	(2)	275
Increase (Decrease) in Stockholders' Equity
Net income (loss)	(241)
Ending balance (in shares) at Sep. 30, 2020					100,629,209
Ending balance at Sep. 30, 2020	1,302		1,084		$ 1	1,508		(423)	(2)	218
Beginning balance (in shares) at Mar. 31, 2020					100,629,209
Beginning balance at Mar. 31, 2020	1,486		1,225		$ 1	1,507		(281)	(2)	261
Increase (Decrease) in Stockholders' Equity
Dividends paid to CVR Energy stockholders	(41)		(41)					(41)
Changes in equity due to CVR Partners’ common unit repurchases	0		1			1				(1)
Net income (loss)	(32)		(5)					(5)		(27)
Ending balance (in shares) at Jun. 30, 2020					100,629,209
Ending balance at Jun. 30, 2020	1,413		1,180		$ 1	1,508		(327)	(2)	233
Increase (Decrease) in Stockholders' Equity
Changes in equity due to CVR Partners’ common unit repurchases	(3)		0			0				(3)
Net income (loss)	(108)		(96)					(96)		(12)
Ending balance (in shares) at Sep. 30, 2020					100,629,209
Ending balance at Sep. 30, 2020	$ 1,302		$ 1,084		$ 1	$ 1,508		$ (423)	$ (2)	$ 218

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited) (Parenthetical) - $ / shares	Sep. 30, 2020	Dec. 31, 2019
Statement of Stockholders' Equity [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net (loss) income	$ (241)	$ 334
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	208	217
Loss on lower of cost or net realizable value adjustment	59	0
Goodwill impairment	41	0
Unrealized loss on marketable securities	20	0
Change in deferred income tax expense	(18)	26
Loss (gain) on disposition of assets	2	(5)
Share-based compensation	0	14
Other items	8	(7)
Changes in assets and liabilities:
Current assets and liabilities	(23)	69
Non-current assets and liabilities	6	5
Net cash provided by operating activities	62	653
Cash flows from investing activities:
Capital expenditures	(101)	(85)
Turnaround expenditures	(158)	(24)
Proceeds from sale of assets	1	36
Investment in marketable securities	(140)	0
Other investing activities	2	0
Net cash used in investing activities	(396)	(73)
Cash flows from financing activities:
Proceeds from issuance of senior secured notes	1,000	0
Principal payments on senior secured notes	(500)	0
Call premium on extinguishment of debt	(5)	0
Repurchase of common units by CVR Partners	(2)	0
Acquisition of CVR Refining common units	0	(301)
Dividends to CVR Energy’s stockholders	(121)	(225)
Distributions to CVR Refining or CVR Partners’ noncontrolling interest holders	0	(25)
Other financing activities	(11)	(5)
Net cash provided by (used in) financing activities	361	(556)
Net increase in cash, cash equivalents and restricted cash	27	24
Cash, cash equivalents and restricted cash, beginning of period	652	668
Cash, cash equivalents and restricted cash, end of period	$ 679	$ 692

Organization and Nature of Busi

Organization and Nature of Business	9 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Nature of Business	(1) Organization and Nature of Business Organization CVR Energy, Inc. (“CVR Energy,” “CVR,” “we,” “us,” “our,” or the “Company”) is a diversified holding company primarily engaged in the petroleum refining and nitrogen fertilizer manufacturing industries through its holdings in CVR Refining, LP (the “Petroleum Segment” or “CVR Refining”) and CVR Partners, LP (the “Nitrogen Fertilizer Segment” or “CVR Partners”). CVR Refining is an independent petroleum refiner and marketer of high value transportation fuels. CVR Partners produces and markets nitrogen fertilizers in the form of urea ammonium nitrate (“UAN”) and ammonia. CVR’s common stock is listed on the New York Stock Exchange (the “NYSE”) under the symbol “CVI.” Icahn Enterprises L.P. and its affiliates (“IEP”) owned approximately 71% of the Company’s outstanding common shares as of September 30, 2020. CVR Partners, LP Interest Holders - As of September 30, 2020, public common unit holders held approximately 65% of CVR Partners’ outstanding common units and CVR Services, LLC (“CVR Services”) (formerly Coffeyville Resources, LLC), a wholly-owned subsidiary of CVR Energy, held approximately 35% of CVR Partners’ outstanding common units. In addition, CVR Services held 100% of CVR Partners’ general partner, CVR GP, LLC (“CVR GP”), which held a non-economic general partner interest in CVR Partners as of September 30, 2020. Following the acquisition of the noncontrolling interest in CVR Refining in January 2019, the noncontrolling interest reflected on the condensed consolidated balance sheets of CVR is only impacted by the net income of, and distributions from, CVR Partners. NYSE Listing Requirements and Reverse Split - On April 20, 2020, the average closing price of CVR Partners’ common units over a 30 consecutive trading-day period fell below $1.00 per common unit, resulting in noncompliance with the continued listing standards in Section 802.01C of the NYSE Listed Company Manual. CVR Partners received written notification of this noncompliance from the NYSE on April 22, 2020, and currently has until January 1, 2021 to regain compliance or be subject to the NYSE’s suspension and delisting procedures. See the Form 8-K filed by CVR Partners with the SEC on April 24, 2020 for further discussion. As of September 30, 2020, the average closing price of CVR Partners’ common units over the preceding consecutive 30 trading-day period remained below $1.00 per common unit. On November 2, 2020, CVR Partners announced that the board of directors of its general partner (the “UAN GP Board”) had approved a 1-for-10 reverse split of CVR Partners’ common units to be effective at 5:00 p.m. Eastern Time on November 23, 2020, pursuant to which each ten common units of CVR Partners would be converted into one common unit of the Partnership (the “Reverse Unit Split”). In accordance with CVR Partners’ Agreement of Limited Partnership, as amended, following the Reverse Unit Split, any fractional units of record holders will be rounded up or down, as applicable, to the nearest whole common unit, with any fraction equal to or above 0.5 common units rounding up to the next higher common unit. Following the Reverse Unit Split, the number of CVR Partners common units outstanding would decrease from approximately 111 million common units to approximately 11 million common units, with proportionate adjustments to the common units under CVR Partners’ long-term incentive plan and outstanding awards thereunder. The UAN GP Board determined the 1-for-10 ratio to be appropriate to meet CVR Partners’ goals of improving the marketability of its common units, regaining compliance with NYSE listing requirements, and reducing the risk of future noncompliance with such listing requirements. CVR Partners’ common units are expected to begin trading on a split-adjusted basis when markets open on November 24, 2020, under the symbol “UAN” and a new CUSIP number. Unit Repurchase Program - On May 6, 2020, the UAN GP Board, on behalf of CVR Partners, authorized a unit repurchase program (the “Unit Repurchase Program”). The Unit Repurchase Program enables CVR Partners to repurchase up to $10 million of its common units. During the three and nine months ended September 30, 2020, CVR Partners repurchased 1,403,784 and 2,294,002 common units, respectively, on the open market in accordance with a repurchase agreement under Rules 10b5-1 and 10b-18 of the Exchange Act, which was terminated on August 6, 2020, at a cost of $1 million and $2 million, respectively, inclusive of transaction costs, or an average price of $0.94 and $0.99 per common unit, respectively. At September 30, 2020, CVR Partners had $8 million in authority remaining under the Unit Repurchase Program. This Unit Repurchase Program does not obligate CVR Partners to acquire any common units and may be cancelled or terminated by the UAN GP Board at any time.

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	(2) Basis of Presentation The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”). These condensed consolidated financial statements should be read in conjunction with the December 31, 2019 audited consolidated financial statements and notes thereto included in CVR Energy’s Annual Report on Form 10-K for the year ended December 31, 2019 (the “2019 Form 10-K”). Our condensed consolidated financial statements include the consolidated results of CVR Partners, which is defined as a variable interest entity. In the opinion of the Company’s management, the accompanying condensed consolidated financial statements reflect all adjustments that are necessary for fair presentation of the financial position and results of operations of the Company for the periods presented. Such adjustments are of a normal recurring nature, unless otherwise disclosed. Certain reclassifications have been made within the condensed consolidated balance sheets as of December 31, 2019 and the condensed consolidated statements of operations for the three and nine months ended September 30, 2019. Catalyst inventory with a value of $17 million as of December 31, 2019 was reclassified during the first quarter of 2020 to Other long-term assets to conform to current presentation. The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities. Actual results could differ from those estimates. Results of operations and cash flows for the interim periods presented are not necessarily indicative of the results that will be realized for the year ending December 31, 2020 or any other interim or annual period.

Recent Accounting Pronouncement

Recent Accounting Pronouncements and Accounting Changes	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Recent Accounting Pronouncements and Accounting Changes	(3) Recent Accounting Pronouncements and Accounting Changes Recent Accounting Pronouncements - Adoption of Credit Losses Standard In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2016-13, Financial Instruments - Credit Losses (Topic 326). The ASU replaces the incurred loss model with a current expected credit loss model for more timely recognition of expected impairment losses for most financial assets and certain other instruments that are not measured at fair value through net income. Effective January 1, 2020, we adopted this ASU with no material impact on the Company’s consolidated financial position or results of operations. Recent Accounting Pronouncements - Adoption of Fair Value Measurement Standard In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820). The ASU eliminates such disclosures as the amount of, and reasons for, transfers between Level 1 and Level 2 of the fair value hierarchy. Certain disclosures are required to be applied on a retrospective basis and others on a prospective basis. Effective January 1, 2020, we adopted this ASU with no material impact on the Company’s disclosures. New Accounting Standards Issued But Not Yet Implemented In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740). The ASU simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740 and modifies other areas of the topic to clarify the application of GAAP. Certain amendments within the standard are required to be applied on a retrospective basis and others on a prospective basis. This standard is effective for the Company beginning January 1, 2021, with early adoption permitted. The Company is evaluating the effect of adopting this new accounting guidance on its consolidated financial statements, but does not currently expect adoption will have a material impact on the Company’s consolidated financial position or results of operations. The Company does not intend to early adopt this ASU. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848). This ASU was issued because, by the end of 2021, banks will no longer be required to report information that is used to determine London Interbank Offered Rate (“LIBOR”), which is used globally by all types of entities. As a result, LIBOR could be discontinued, as well as other interest rates used globally. ASU 2020-04 provides companies with optional expedients for contract modifications under Topics 310, 470, 842, and 815-15, excluded components of certain hedging relationships, fair value hedges, and cash flow hedges, as well as certain exceptions, which are intended to help ease the potential accounting burden associated with transitioning away from these reference rates. Companies can apply the ASU immediately. However, the guidance will only be available for a limited time (generally through December 31, 2022). The Company is currently evaluating the impact that adopting this new accounting standard will have on its consolidated financial statements and related disclosures.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2020
Inventory Disclosure [Abstract]
Inventories	(4) Inventories Inventories consisted of the following: (in millions) September 30, 2020 December 31, 2019 Finished goods $ 110 $ 177 Raw materials 73 112 In-process inventories 17 18 Parts, supplies and other 66 66 Total inventories $ 266 $ 373

Property, Plant and Equipment

Property, Plant and Equipment	9 Months Ended
	Sep. 30, 2020
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	(5) Property, Plant and Equipment Property, plant and equipment consisted of the following: (in millions) September 30, 2020 December 31, 2019 Machinery and equipment $ 3,871 $ 3,805 Buildings and improvements 88 87 ROU finance leases 81 81 Land and improvements 47 46 Furniture and fixtures 37 35 Construction in progress 91 95 Other 15 14 4,230 4,163 Less: Accumulated depreciation and amortization 1,963 1,827 Total property, plant and equipment, net $ 2,267 $ 2,336 As of September 30, 2020, the Company had not identified the existence of an impairment indicator for our long-lived asset groups as outlined under ASC 360.

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	(6) Goodwill One of the reporting units associated with our Nitrogen Fertilizer Segment’s Coffeyville, Kansas facility (the “Coffeyville Facility”) had a goodwill balance of $41 million at December 31, 2019. During the second quarter of 2020, following the completion of the spring planting season, the market pricing for ammonia and UAN, the Nitrogen Fertilizer Segment’s two

Leases

Leases	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Leases	(7) Leases Lease Overview We lease certain pipelines, storage tanks, railcars, office space, land, and equipment across our refining, fertilizer and corporate operations. Most leases include one or more options to renew, with renewal terms that can extend the lease term from one Balance Sheet Summary as of September 30, 2020 and December 31, 2019 The following tables summarize the right of use asset and lease liability balances for the Company’s operating and finance leases at September 30, 2020 and December 31, 2019: (in millions) September 30, 2020 December 31, 2019 Operating Leases: ROU assets, net Pipeline and storage $ 17 $ 20 Railcars 9 12 Real estate and other 16 16 Lease liability Pipelines and storage $ 17 $ 22 Railcars 9 12 Real estate and other 15 14 (in millions) September 30, 2020 December 31, 2019 Finance Leases: ROU assets, net Pipeline and storage $ 27 $ 29 Real estate and other 22 24 Lease liability Pipelines and storage $ 39 $ 40 Real estate and other 23 25 Lease Expense Summary for the Three and Nine Months Ended September 30, 2020 and 2019 We recognize lease expense on a straight-line basis over the lease term. For the three and nine months ended September 30, 2020 and 2019, we recognized lease expense comprised of the following components: Three Months Ended Nine Months Ended (in millions) 2020 2019 2020 2019 Operating lease expense $ 4 $ 4 $ 13 $ 12 Finance lease expense: Amortization of ROU $ 2 $ 2 $ 5 $ 5 Interest expense on lease liability 1 2 4 5 Short-term lease expense, recognized within Direct operating expenses (exclusive of depreciation and amortization), was $2 million and $6 million for the three and nine months ended September 30, 2020, respectively, and $2 million and $6 million for the three and nine months ended September 30, 2019, respectively. Lease Terms and Discount Rates The following outlines the remaining lease terms and discount rates used in the measurement of the Company’s ROU assets and liabilities: September 30, 2020 December 31, 2019 Weighted-average remaining lease term (years) Operating Leases 3.3 3.7 Finance Leases 8.4 9.0 Weighted-average discount rate Operating Leases 5.5 % 5.6 % Finance Leases 9.0 % 8.9 % Maturities of Lease Liabilities The following summarizes the remaining minimum lease payments through maturity of the Company’s right-of-use assets and liabilities at September 30, 2020: (in millions) Operating Leases Financing Remainder of 2020 $ 4 $ 3 2021 15 11 2022 12 11 2023 8 10 2024 5 10 Thereafter — 43 Total lease payments 44 88 Less: imputed interest (3) (26) Total lease liability $ 41 $ 62 On July 31, 2020, Coffeyville Resources Nitrogen Fertilizers, LLC (“CRNF”), a subsidiary of CVR Partners, and Messer LLC (“Messer”) entered into an On-Site Product Supply Agreement (the “Messer Agreement”). Under the Messer Agreement, among other obligations, Messer is obligated to supply and make certain capital improvements during the term of the Messer Agreement, and CRNF is obligated to take as available and pay for, oxygen, nitrogen, and compressed dry air from Messer’s facility. This arrangement for CRNFs purchase of oxygen, nitrogen, and dry air from Messer does not meet the definition of a lease under ASC 842, as CRNF does not expect to receive substantially all of the output of Messer’s on-site production from its
Leases	(7) Leases Lease Overview We lease certain pipelines, storage tanks, railcars, office space, land, and equipment across our refining, fertilizer and corporate operations. Most leases include one or more options to renew, with renewal terms that can extend the lease term from one Balance Sheet Summary as of September 30, 2020 and December 31, 2019 The following tables summarize the right of use asset and lease liability balances for the Company’s operating and finance leases at September 30, 2020 and December 31, 2019: (in millions) September 30, 2020 December 31, 2019 Operating Leases: ROU assets, net Pipeline and storage $ 17 $ 20 Railcars 9 12 Real estate and other 16 16 Lease liability Pipelines and storage $ 17 $ 22 Railcars 9 12 Real estate and other 15 14 (in millions) September 30, 2020 December 31, 2019 Finance Leases: ROU assets, net Pipeline and storage $ 27 $ 29 Real estate and other 22 24 Lease liability Pipelines and storage $ 39 $ 40 Real estate and other 23 25 Lease Expense Summary for the Three and Nine Months Ended September 30, 2020 and 2019 We recognize lease expense on a straight-line basis over the lease term. For the three and nine months ended September 30, 2020 and 2019, we recognized lease expense comprised of the following components: Three Months Ended Nine Months Ended (in millions) 2020 2019 2020 2019 Operating lease expense $ 4 $ 4 $ 13 $ 12 Finance lease expense: Amortization of ROU $ 2 $ 2 $ 5 $ 5 Interest expense on lease liability 1 2 4 5 Short-term lease expense, recognized within Direct operating expenses (exclusive of depreciation and amortization), was $2 million and $6 million for the three and nine months ended September 30, 2020, respectively, and $2 million and $6 million for the three and nine months ended September 30, 2019, respectively. Lease Terms and Discount Rates The following outlines the remaining lease terms and discount rates used in the measurement of the Company’s ROU assets and liabilities: September 30, 2020 December 31, 2019 Weighted-average remaining lease term (years) Operating Leases 3.3 3.7 Finance Leases 8.4 9.0 Weighted-average discount rate Operating Leases 5.5 % 5.6 % Finance Leases 9.0 % 8.9 % Maturities of Lease Liabilities The following summarizes the remaining minimum lease payments through maturity of the Company’s right-of-use assets and liabilities at September 30, 2020: (in millions) Operating Leases Financing Remainder of 2020 $ 4 $ 3 2021 15 11 2022 12 11 2023 8 10 2024 5 10 Thereafter — 43 Total lease payments 44 88 Less: imputed interest (3) (26) Total lease liability $ 41 $ 62 On July 31, 2020, Coffeyville Resources Nitrogen Fertilizers, LLC (“CRNF”), a subsidiary of CVR Partners, and Messer LLC (“Messer”) entered into an On-Site Product Supply Agreement (the “Messer Agreement”). Under the Messer Agreement, among other obligations, Messer is obligated to supply and make certain capital improvements during the term of the Messer Agreement, and CRNF is obligated to take as available and pay for, oxygen, nitrogen, and compressed dry air from Messer’s facility. This arrangement for CRNFs purchase of oxygen, nitrogen, and dry air from Messer does not meet the definition of a lease under ASC 842, as CRNF does not expect to receive substantially all of the output of Messer’s on-site production from its

Other Current Liabilities

Other Current Liabilities	9 Months Ended
	Sep. 30, 2020
Other Liabilities Disclosure [Abstract]
Other Current Liabilities	(8) Other Current Liabilities Other current liabilities were as follows: (in millions) September 30, 2020 December 31, 2019 Accrued Renewable Fuel Standards (“RFS”) obligation $ 83 $ 7 Accrued taxes other than income taxes 33 28 Accrued interest 27 9 Personnel accruals 25 47 Operating lease liabilities 13 14 Deferred revenue 12 28 Current portion of long-term debt and finance lease obligations 7 5 Share-based compensation 6 6 Accrued income taxes — 24 Accrued derivatives — 7 Other accrued expenses and liabilities 9 9 Total other current liabilities $ 215 $ 184

Long-Term Debt and Finance Leas

Long-Term Debt and Finance Lease Obligations	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Long-Term Debt and Finance Lease Obligations	(9) Long-Term Debt and Finance Lease Obligations Long-term debt and finance lease obligations consist of the following: (in millions) September 30, 2020 December 31, 2019 CVR Partners: 9.25% Senior Secured Notes, due June 2023 $ 645 $ 645 6.50% Senior Notes, due April 2021, net of current portion (1) — 2 Unamortized discount and debt issuance costs (12) (15) Total CVR Partners debt, net of current portion $ 633 $ 632 CVR Refining: 6.50% Senior Notes, due November 2022 (2) $ — $ 500 Finance lease obligations, net of current portion (3) 56 61 Unamortized debt issuance cost — (3) Total CVR Refining debt, net of current portion $ 56 $ 558 CVR Energy: 5.25% Senior Notes, due February 2025 $ 600 $ — 5.75% Senior Notes, due February 2028 400 — Unamortized debt issuance costs (6) — Total CVR Energy debt 994 — Total long-term debt and finance lease obligations, net of current portion $ 1,683 $ 1,190 Current portion of long-term debt and finance lease obligations (4) 7 5 Total long-term debt and finance lease obligations, including current portion $ 1,690 $ 1,195 (1) The 6.50% Notes, due April 2021, mature within 12 months, and, therefore, the outstanding balance of $2 million has been classified as short-term debt as of September 30, 2020. (2) On January 27, 2020, the Company redeemed all of the 6.50% Senior Notes due November 2022 (the “2022 Notes”) for a redemption price equal to 101.083%, plus accrued and unpaid interest on the redeemed notes. (3) Current portion of finance lease obligations recognized was approximately $5 million and $5 million as of September 30, 2020 and December 31, 2019, respectively. (4) Amounts reported in Other current liabilities. CVR Refining On January 27, 2020, the Company redeemed all of the outstanding 2022 Notes and settled accrued interest of approximately $8 million through the date of redemption. The redeemed notes were repurchased for approximately $505 million, or 101.083% of par value. As a result of this transaction, the Company recognized an $8 million loss on extinguishment of debt in the first quarter of 2020, which includes the call premium paid of $5 million and the write-off of unamortized deferred financing costs of $3 million. CVR Energy 2025 Notes and 2028 Notes - On January 27, 2020, CVR Energy completed a private offering of $600 million aggregate principal amount of 5.25% Senior Notes due 2025 (the “2025 Notes”) and $400 million aggregate principal amount of 5.75% Senior Notes due 2028 (the “2028 Notes” and, collectively with the 2025 Notes, the “Notes”). Interest on the Notes is payable semi-annually in arrears on February 15 and August 15 each year, commencing on August 15, 2020. The 2025 Notes mature on February 15, 2025, unless earlier redeemed or repurchased by the issuers. The 2028 Notes mature on February 15, 2028, unless earlier redeemed or repurchased by the issuers. The Notes are jointly and severally guaranteed on a senior unsecured basis by the wholly-owned subsidiaries of CVR Energy with the exception of CVR GP, CVR Partners and its subsidiaries, and certain immaterial wholly-owned subsidiaries of CVR Energy. See Part II, Item 8 of the 2019 Form 10-K for further details of the Notes. Credit Agreements (in millions) Total Available Borrowing Capacity Amount Borrowed as of September 30, 2020 Outstanding Letters of Credit Available Capacity as of September 30, 2020 Maturity Date CVR Partners: Asset Based (“Nitrogen Fertilizer ABL”) Credit Agreement (1)(2) $ 25 $ — $ — $ 25 September 30, 2022 CVR Refining: Amended and Restated Asset Based (“Petroleum ABL”) Credit Agreement (3) $ 400 $ — $ 7 $ 393 November 14, 2022 (1) Through December 31, 2020, loans under the Nitrogen Fertilizer ABL bear interest at an annual rate equal to (i) 2.00% plus LIBOR or (ii) 1.00% plus a base rate. Thereafter, loans will bear interest (i) at such rates if our quarterly excess availability is greater than 50% and (ii) (a) 2.50% plus LIBOR or (b) 1.50% plus a base rate, otherwise. (2) The Nitrogen Fertilizer ABL was amended on September 29, 2020, to, among other things, reduce the commitments thereunder to $35 million and extend the maturity date to September 30, 2022. Deferred financing costs of less than $1 million were capitalized related to this amendment and will be amortized from Prepaid expenses and other current assets and Other long-term assets over the remaining term of the Nitrogen Fertilizer ABL. (3) Loans under the Petroleum ABL bear interest at an annual rate equal to (i) (a) 1.50% plus LIBOR or (b) 0.50% plus a base rate, if our quarterly excess availability is greater than 50% and (ii) 1.75% plus LIBOR or (b) 0.75% plus a base rate, otherwise. Covenant Compliance The Company and its subsidiaries were in compliance with all covenants under their respective debt instruments as of September 30, 2020.

Revenue

Revenue	9 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue	(10) Revenue The following tables present the Company’s revenue, disaggregated by major product. The following tables include a reconciliation of the disaggregated revenue with the Company’s reportable segments. Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 (in millions) Petroleum Nitrogen Fertilizer Other / Elimination Consolidated Petroleum Nitrogen Fertilizer Other / Elimination Consolidated Major Product Gasoline $ 513 $ — $ — $ 513 $ 1,329 $ — $ — $ 1,329 Distillates (1) 381 — — 381 1,102 — — 1,102 Ammonia — 13 — 13 — 64 — 64 UAN — 51 — 51 — 153 — 153 Other urea products — 3 — 3 — 11 — 11 Freight revenue 4 10 — 14 13 24 — 37 Other (2) 21 2 (1) 22 56 8 (5) 59 Revenue from product sales 919 79 (1) 997 2,500 260 (5) 2,755 Crude oil sales 8 — — 8 55 — — 55 Other revenue (2) — — — — 1 — — 1 Net sales $ 927 $ 79 $ (1) $ 1,005 $ 2,556 $ 260 $ (5) $ 2,811 Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 (in millions) Petroleum Nitrogen Fertilizer Other / Elimination Consolidated Petroleum Nitrogen Fertilizer Other / Elimination Consolidated Major Product Gasoline $ 796 $ — $ — $ 796 $ 2,285 $ — $ — $ 2,285 Distillates (1) 692 — — 692 2,035 — — 2,035 Ammonia — 11 — 11 — 74 — 74 UAN — 62 — 62 — 200 — 200 Other urea products — 5 — 5 — 14 — 14 Freight revenue 6 9 — 15 17 24 — 41 Other (2) 34 2 (2) 34 108 6 (8) 106 Revenue from product sales 1,528 89 (2) 1,615 4,445 318 (8) 4,755 Crude oil sales 7 — — 7 36 — — 36 Net sales $ 1,535 $ 89 $ (2) $ 1,622 $ 4,484 $ 318 $ (8) $ 4,794 (1) Distillates consist primarily of diesel fuel, kerosene, and jet fuel. (2) Other revenue consists primarily of feedstock and asphalt sales. Petroleum Segment The Petroleum Segment’s revenue from product sales is recorded upon delivery to customers, which is the point at which title is transferred and the customer has assumed the risk of loss. This generally takes place as product passes into the pipeline, as a product transfer order occurs within a pipeline system, or as product enters equipment or locations supplied or designated by the customer. Qualifying excise and other taxes collected from the Petroleum Segment’s customers and remitted to governmental authorities are not included in reported revenues. Many of the Petroleum Segment’s contracts have index-based pricing which is considered variable consideration that should be estimated in determining the transaction price. The Petroleum Segment determined that it does not need to estimate the variable consideration because the uncertainty related to the consideration is resolved on the pricing date or the date when the product is delivered. The Petroleum Segment may incur broker commissions or transportation costs prior to product transfer on some of its sales. The Petroleum Segment expenses these broker costs, since the contract durations are less than a year. Transportation costs are accounted for as fulfillment costs and are expensed as incurred since they do not meet the requirement for capitalization. The Petroleum Segment’s contracts with its customers state the terms of the sale, including the description, quantity, and price of each product sold. Depending on the product sold, payment from customers is generally due in full within 2 to 32 days of product delivery or invoice date. The Petroleum Segment generally provides no warranty other than the implicit promise that goods delivered are free of liens and encumbrances and meet the agreed upon specification. The Petroleum Segment has determined that product returns or refunds are very rare and will account for them as they occur. Freight revenue recognized by the Petroleum Segment is primarily tariff and line loss charges rebilled to customers to reimburse the Petroleum Segment for expenses incurred from a pipeline operator. An offsetting expense is included in Cost of materials and other. Nitrogen Fertilizer Segment The Nitrogen Fertilizer Segment sells its products on a wholesale basis under a contract or by purchase order. The Nitrogen Fertilizer Segment’s contracts with customers generally contain fixed pricing and most have terms of less than one year. The Nitrogen Fertilizer Segment recognizes revenue at the point in time at which the customer obtains control of the product, which is generally upon delivery and acceptance by the customer. The customer acceptance point is stated in the contract and may be at one of the Nitrogen Fertilizer Segment’s manufacturing facilities, at one of the Nitrogen Fertilizer Segment’s off-site loading facilities, or at the customer’s designated facility. Freight revenue recognized by the Nitrogen Fertilizer Segment represents the pass-through finished goods delivery costs incurred prior to customer acceptance and is reimbursed by customers. An offsetting expense for freight is included in Cost of materials and other. Qualifying excise and other taxes collected from the Nitrogen Fertilizer Segment’s customers and remitted to governmental authorities are not included in reported revenues. Depending on the product sold and the type of contract, payments from customers are generally either due prior to delivery or within 15 to 30 days of product delivery. The Nitrogen Fertilizer Segment generally provides no warranty other than the implicit promise that goods delivered are free of liens and encumbrances and meet the agreed upon specifications. Product returns are rare, and as such, the Nitrogen Fertilizer Segment does not record a specific warranty reserve or consider activities related to such warranty, if any, to be a separate performance obligation. The Nitrogen Fertilizer Segment has an immaterial amount of variable consideration for contracts with an original duration of less than a year. A small portion of the Nitrogen Fertilizer Segment’s revenue includes contracts extending beyond one year, some of which contain variable pricing in which the majority of the variability is attributed to the market-based pricing. The Nitrogen Fertilizer Segment’s contracts do not contain a significant financing component. The Nitrogen Fertilizer Segment has an immaterial amount of fee-based revenue, included in other revenue in the table above, that is recognized based on the net amount of the proceeds received, consistent with prior accounting practice. Transaction price allocated to remaining performance obligations As of September 30, 2020, the Nitrogen Fertilizer Segment had approximately $7 million of remaining performance obligations for contracts with an original expected duration of more than one year. The Nitrogen Fertilizer Segment expects to recognize approximately $1 million of these performance obligations as revenue by the end of 2020, an additional $3 million in 2021, and the remaining balance thereafter. The Nitrogen Fertilizer Segment has elected to not disclose the amount of transaction price allocated to remaining performance obligations for contracts with an original expected duration of less than one year. The Nitrogen Fertilizer Segment has elected to not disclose variable consideration allocated to wholly unsatisfied performance obligations that are based on market prices that have not yet been determined. Contract balances The Nitrogen Fertilizer Segment’s deferred revenue is a contract liability that primarily relates to nitrogen fertilizer sales contracts requiring customer prepayment prior to product delivery to guarantee a price and supply of nitrogen fertilizer. Deferred revenue is recorded at the point in time in which a prepaid contract is legally enforceable and the associated right to consideration is unconditional prior to transferring product to the customer. An associated receivable is recorded for uncollected prepaid contract amounts. Contracts requiring prepayment are generally short-term in nature and, as discussed above, revenue is recognized at the point in time in which the customer obtains control of the product. A summary of the Nitrogen Fertilizer Segment’s deferred revenue activity during the nine months ended September 30, 2020 is presented below: (in millions) Balance at December 31, 2019 $ 28 Add: New prepay contracts entered into during the period (1) 28 Less: Revenue recognized that was included in the contract liability balance at the beginning of the period (27) Revenue recognized related to contracts entered into during the period (17) Balance at September 30, 2020 $ 12 (1) Includes $26 million where payment associated with prepaid contracts was collected as of September 30, 2020.

Derivative Financial Instrument

Derivative Financial Instruments, Investments and Fair Value Measurements	9 Months Ended
	Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments, Investments and Fair Value Measurements	(11) Derivative Financial Instruments, Investments and Fair Value Measurements Derivative Financial Instruments Our segments are subject to price fluctuations caused by supply conditions, weather, economic conditions, interest rate fluctuations, and other factors. To manage price risk on crude oil and other inventories and to fix margins on certain future production, the Petroleum Segment from time to time enters into various commodity derivative transactions. On a regular basis, the Company enters into commodity contracts with counterparties for the purchases or sale of crude oil, blendstocks, various finished products, and RINs. The contracts usually qualify for the normal purchase normal sale exception and follow the accrual method of accounting. All other derivative instruments are recorded at fair value using mark-to-market accounting on a periodic basis utilizing third-party pricing. The Petroleum Segment holds derivative instruments, such as exchange-traded crude oil futures and over-the-counter forward swap agreements, which it believes provide an economic hedge on future transactions, but such instruments are not designated as hedges under GAAP. There are no premiums paid or received at inception of the derivative contracts or upon settlement. The Petroleum Segment may enter into forward purchase or sale contracts associated with RINs. As of September 30, 2020, the Petroleum Segment had open fixed-price commitments to sell a net 62 million RINs. Commodity derivatives include commodity swaps and forward purchase and sale commitments. There were less than a million outstanding commodity swap positions as of September 30, 2020. There were approximately 3 million forward purchase commitments and 2 million forward sale commitments as of September 30, 2020. The following outlines the gains recognized on the Company’s derivative activities, all of which are recorded in Cost of materials and other on the condensed consolidated statements of operations: Gain on Derivatives Three Months Ended Nine Months Ended (in millions) 2020 2019 2020 2019 Forward purchases and sales contracts, net $ 4 $ 17 $ 55 $ 37 Commodity swap instruments 1 — 5 — Futures contracts — 1 10 1 Total gain on derivatives, net $ 5 $ 18 $ 70 $ 38 The following outlines our open commodity derivative instruments, which are classified as Prepaid expenses and other current assets or Other current liabilities on the condensed consolidated balance sheets: Open Commodity Derivative Instruments (in millions of barrels) September 30, 2020 December 31, 2019 Forward purchases and sales contracts, net: Canadian crude oil 6 5 Offsetting Assets and Liabilities The Company elected to offset the fair value amounts recognized for multiple derivative contracts executed with the same counterparty. These amounts are recognized as current assets and current liabilities within the Prepaid expenses and other current assets and Other current liabilities financial statement line items, respectively, in the condensed consolidated balance sheets as follows: Derivative Assets Derivative Liabilities (in millions) September 30, 2020 December 31, 2019 September 30, 2020 December 31, 2019 Commodity derivatives $ 7 $ 3 $ (1) $ (11) Less: Counterparty netting (1) (3) 1 3 Total net fair value of derivatives $ 6 $ — $ — $ (8) Investments Investments consist of equity securities, which are reported at fair value in our condensed consolidated balance sheets. These investments are considered trading securities. Investment loss from marketable securities consists of the following: Three Months Ended Nine Months Ended (in millions) 2020 2019 2020 2019 Dividend income $ 3 $ — $ 7 $ — Unrealized (loss) gain (68) — (20) — Investment loss from marketable securities $ (65) $ — $ (13) $ — Fair Value Measurements In accordance with FASB ASC Topic 820 — Fair Value Measurements and Disclosures (“ASC 820”), the Company utilizes the market approach to measure fair value for its financial assets and liabilities. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets, liabilities or a group of assets or liabilities, such as a business. ASC 820 utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels: • Level 1 — Quoted prices in active markets for identical assets or liabilities • Level 2 — Other significant observable inputs (including quoted prices in active markets for similar assets or liabilities) • Level 3 — Significant unobservable inputs (including the Company’s own assumptions in determining the fair value) The following tables set forth the assets and liabilities measured or disclosed at fair value on a recurring basis, by input level, as of September 30, 2020 and December 31, 2019: September 30, 2020 (in millions) Level 1 Level 2 Level 3 Total Location and Description Prepaid expenses and other current assets (investments) $ 119 $ — $ — $ 119 Prepaid expenses and other current assets (commodity derivatives) — 6 — 6 Total Assets 119 6 — 125 Other current liabilities (RFS obligation) — (83) — (83) Long-term debt and finance lease obligations (senior notes) — (1,459) — (1,459) Total Liabilities $ — $ (1,542) $ — $ (1,542) December 31, 2019 (in millions) Level 1 Level 2 Level 3 Total Location and Description Other current liabilities (commodity derivatives) $ — $ (8) $ — $ (8) Other current liabilities (RFS obligation) — (7) — (7) Long-term debt and finance lease obligations (senior notes) — (1,180) — (1,180) Total Liabilities $ — $ (1,195) $ — $ (1,195) As of September 30, 2020 and December 31, 2019, the only financial assets and liabilities that are measured at fair value on a recurring basis are the Company’s cash equivalents, restricted cash, investments, derivative instruments, long-term debt,

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	(12) Share-Based Compensation A summary of compensation expense during the three and nine months ended September 30, 2020 and 2019 is presented below: Three Months Ended Nine Months Ended (in millions) 2020 2019 2020 2019 CVR Refining - Phantom Unit Awards — 1 $ — $ 3 CVR Partners LTIP - Phantom Unit Awards — — — 2 Incentive Unit Awards (1) 2 — 9 Total Share-Based Compensation Expense $ (1) $ 3 $ — $ 14

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	(13) Commitments and Contingencies Except as described below, there have been no material changes in the Company’s commitments and contingencies disclosed in the 2019 Form 10-K. In the ordinary course of business, the Company may become party to lawsuits, administrative proceedings, and governmental investigations, including environmental, regulatory, and other matters. The outcome of these matters cannot always be predicted accurately, but the Company accrues liabilities for these matters if the Company has determined that it is probable a loss has been incurred and the loss can be reasonably estimated. While it is not possible to predict the outcome of such proceedings, if one or more of them were decided against us, the Company believes there would be no material impact on its consolidated financial statements. The Company continues to monitor its contractual arrangements and customer, vendor, and supplier relationships to determine whether and to what extent, if any, the impacts of the COVID-19 pandemic or recent crude oil or refined product price volatility will impair or excuse the performance of the Company or its subsidiaries or their customers, vendors, or suppliers under existing agreements. As of September 30, 2020, the Company had not experienced a material financial impact from any actual or threatened impairment of or excuse in its or others’ performance under such agreements. Crude Oil Supply Agreement On August 31, 2012, an indirect, wholly-owned subsidiary of the Petroleum Segment and Vitol Inc. (“Vitol”) entered into an Amended and Restated Crude Oil Supply Agreement (as amended, the “Crude Oil Supply Agreement”). Under the Crude Oil Supply Agreement, Vitol supplies the Petroleum Segment with crude oil and intermediation logistics helping to reduce the amount of inventory held at certain locations and mitigate crude oil pricing risk. Volumes contracted under the Crude Oil Supply Agreement, as a percentage of the total crude oil purchases (in barrels), was approximately 33% and 38% for the three months ended September 30, 2020 and 2019, respectively, and 30% and 39% for the nine months ended September 30, 2020 and 2019, respectively. The Crude Oil Supply Agreement, which currently extends through December 31, 2021, automatically renews for successive one-year terms (each such term, a “Renewal Term”) unless either party provides the other with notice of nonrenewal at least 180 days prior to expiration of any Renewal Term. RFS The Petroleum Segment is subject to the RFS of the Environmental Protection Agency (“EPA”) that require refiners to either blend renewable fuels in with their transportation fuels or purchase renewable fuel credits, known as RINs, in lieu of blending. The Petroleum Segment is not able to blend the substantial majority of its transportation fuels and has to purchase RINs on the open market, and may have to obtain waiver credits for cellulosic biofuels from the EPA, in order to comply with the RFS. For the three months ended September 30, 2020 and 2019, the Company recognized expense of approximately $36 million and a benefit of $2 million, respectively, and for the nine months ended September 30, 2020 and 2019, the Company recognized expense of approximately $71 million and $31 million, respectively, for the Petroleum Segment’s compliance with the RFS. The recognized amounts are included within Cost of materials and other in the condensed consolidated statements of operations. The Company’s costs to comply with the RFS include the recognition of the Petroleum Segment’s biofuel blending obligation based on the purchased cost of RINs or the fair value of the obligation for which RINs have not been purchased, based on market prices at each reporting date, and the valuation change of RINs acquired in excess of its RFS obligation as of the reporting date. Tax Matters On March 27, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), an economic stimulus package in response to the COVID-19 pandemic. The CARES Act contains several corporate income tax provisions, including a five-year carry back of net operating losses generated in tax years 2018, 2019, and 2020, an increase in the amount of deductible interest and deferral of certain employer payroll taxes otherwise required to be paid in 2020. The Company will continue to monitor the impact the CARES Act and any related legislation will have on its current and certain prior period tax returns. Litigation The U.S. Attorney’s office for the Southern District of New York contacted CVR Energy in September 2017 seeking production of information pertaining to CVR Refining’s, CVR Energy’s and Mr. Carl C. Icahn’s activities relating to the RFS and Mr. Icahn’s former role as an advisor to the President of the United States. CVR Energy cooperated with the request and provided information in response to the subpoena. The U.S. Attorney’s office has not made any claims or allegations against CVR Energy or Mr. Icahn. CVR Energy believes it maintains a strong compliance program and, while no assurances can be made, CVR Energy does not believe this inquiry will have a material impact on its business, financial condition, results of operations or cash flows. In June and October 2020, Coffeyville Resources Refining & Marketing, LLC (“CRRM”) received a demand letter and related documents from the United States Department of Justice (“DOJ”) (on behalf of the EPA) and the Kansas Department of Health and Environment (“KDHE”) alleging violations of the Clean Air Act (“CAA”) and CRRM’s 2012 Consent Decree (“CD”) relating to CRRM’s Coffeyville refinery (the “Coffeyville Refinery”), and seeking certain penalties in connection therewith. CRRM is evaluating this matter, including the dispute resolution and related provisions of the CD regarding such allegations. Pursuant to the CD, the Company has deposited funds into a commercial escrow account pending resolution of disputed claims. These funds are legally restricted for use and are included within Prepaid expenses and other current assets on the condensed consolidated balance sheets. At this time, this matter has not had a material impact on the Company’s financial position, results of operations, or cash flows, and the Company cannot yet reasonably estimate the full impact that may result from this matter or any subsequent enforcement or litigation relating thereto. In April 2020, the U.S. Court of Appeals for the 10 th Circuit (the “10 th Circuit”) denied the petitions of Wynnewood Refining Company, LLC (“WRC”) and others seeking rehearing en banc of the January 2020 decision of a three-judge panel of the 10 th Circuit vacating three small refinery exemptions (“SREs”) under the RFS program under the CAA, including one issued to WRC’s Wynnewood refinery (the “Wynnewood Refinery”) for 2017, and remanding the matter back to the EPA for further proceedings. WRC filed a writ of certiorari with the Supreme Court of the United States (the “Supreme Court”) on September 4, 2020. As it is not yet clear whether this matter will be heard by the Supreme Court, or what steps the EPA will take with respect to SREs, we cannot currently estimate the outcome, impact, or timing of resolution of this matter. On April 6, 2020, a lawsuit was filed in the United States District Court for the Southern District of New York against the Company, CVR Refining and its general partner, CVR Refining Holdings, IEP, and the Company’s Chief Executive Officer by purported former unitholders of CVR Refining on behalf of themselves and an alleged class of similarly situated unitholders relating to the Company’s exercise of the call option under the CVR Refining Amended and Restated Agreement of Limited Partnership assigned to it by CVR Refining’s general partner. This lawsuit, which primarily alleges violations of Sections 10(b) and 20(a) of the Exchange Act and Rule 10b-5 thereunder and seeks monetary damages and attorney’s fees, among other remedies, is in addition to the nine lawsuits consolidated in the Court of Chancery of the State of Delaware related to the Company’s exercise of the call option. The Company believes all of these lawsuits are without merit and intends to vigorously defend against them. As these lawsuits are in the early stages of litigation, the Company cannot determine at this time the outcome of the lawsuits, including whether the outcome would have a material impact on the Company’s financial position, results of operations, or cash flows.

Business Segments

Business Segments	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Business Segments	(14) Business Segments CVR Energy’s revenues are derived from two operating segments: the Petroleum Segment and the Nitrogen Fertilizer Segment. The Company evaluates the performance of its segments based primarily on segment operating income and Earnings Before Interest, Taxes, Depreciation, and Amortization (“EBITDA”). For the purposes of the operating segment disclosure, the Company presents operating income as it is the most comparable measure to the amounts presented on the condensed consolidated statements of operations. The other amounts reflect intercompany eliminations, corporate cash and cash equivalents, income tax activities, and other corporate activities that are not allocated to the operating segments. The following table summarizes certain operating results and capital expenditures information by segment: Three Months Ended Nine Months Ended (in millions) 2020 2019 2020 2019 Net sales Petroleum $ 927 $ 1,535 $ 2,556 $ 4,484 Nitrogen Fertilizer 79 89 260 318 Other (1) (2) (5) (8) Total $ 1,005 $ 1,622 $ 2,811 $ 4,794 Operating (loss) income Petroleum $ (39) $ 173 $ (161) $ 492 Nitrogen Fertilizer (3) (8) (34) 36 Other (4) (6) (11) (17) Total (46) 159 (206) 511 Interest expense, net (31) (26) (98) (77) Investment loss from marketable securities (65) — (13) — Other income, net 3 5 3 10 (Loss) income before income tax expense $ (139) $ 138 $ (314) $ 444 Depreciation and amortization Petroleum $ 51 $ 51 $ 150 $ 152 Nitrogen Fertilizer 18 18 57 60 Other — 2 1 5 Total $ 69 $ 71 $ 208 $ 217 Capital expenditures (1) Petroleum $ 17 $ 27 $ 80 $ 65 Nitrogen Fertilizer 5 7 13 12 Other 1 — 3 4 Total $ 23 $ 34 $ 96 $ 81 The following table summarizes total assets by segment: (in millions) September 30, 2020 December 31, 2019 Petroleum $ 2,919 $ 3,187 Nitrogen Fertilizer 1,047 1,138 Other (2) (90) (420) Total Assets $ 3,876 $ 3,905 (1) Capital expenditures are shown exclusive of capitalized turnaround expenditures. (2) Includes elimination of intercompany assets and net cash proceeds from the Notes issued during the nine months ended September 30, 2020.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2020
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	(15) Supplemental Cash Flow Information Cash flows related to taxes, interest, leases, and capital expenditures included in accounts payable were as follows: Nine Months Ended (in millions) 2020 2019 Supplemental disclosures: Cash (received for income taxes, net of payments) paid for income taxes, net of refunds $ (2) $ 57 Cash paid for interest 81 55 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases 12 12 Operating cash flows from finance leases 4 5 Financing cash flows from finance leases 4 4 Non-cash investing activities: Change in capital expenditures included in accounts payable (1) (5) (4) (1) Capital expenditures are shown exclusive of capitalized turnaround expenditures. Cash, cash equivalents and restricted cash consisted of the following: (in millions) September 30, 2020 December 31, 2019 Cash and cash equivalents $ 672 $ 652 Restricted cash (2) 7 — Cash, cash equivalents and restricted cash $ 679 $ 652 (2) The restricted cash balance is included within Prepaid expenses and other current assets on the condensed consolidated balance sheets.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2020
Related Party Transactions [Abstract]
Related Party Transactions	(16) Related Party Transactions Activity associated with the Company’s related party arrangements for the three and nine months ended September 30, 2020 and 2019 is summarized below: Expenses from related parties Three Months Ended Nine Months Ended (in millions) 2020 2019 2020 2019 Cost of materials and other Joint Venture Transportation Agreement: Enable $ 3 $ 3 $ 9 $ 8 Payments made Dividends (1) $ — $ 53 85 159 (1) See below for a summary of the dividends paid to IEP for the nine months ended September 30, 2020 and year ended December 31, 2019. Agency Arrangement with IEP On February 4, 2020, CVR Energy and Icahn Enterprises Holdings LP (“IEH”), a subsidiary of IEP, entered into an agency arrangement wherein IEH would act as the agent for CVR Energy. Under this arrangement, the Company invested approximately $140 million in certain marketable securities of Delek US Holdings, Inc. (“Delek”) (NYSE ticker symbol: DK) and could make additional investments in Delek or invest in other public companies in the future under this arrangement. The Company reimbursed IEH for all costs associated with the initial purchase and did not incur any additional fees as part of this transaction. Property Exchange On October 22, 2019, the Audit Committee of CVR Energy’s board of directors (the “Board”) and the Conflicts Committee of the UAN GP Board each agreed to authorize the exchange of certain parcels of property owned by CRRM with an equal number of parcels owned by CRNF, all located in Coffeyville, Kansas (the “Property Exchange”). On February 19, 2020, CRRM and CRNF executed the Property Exchange agreement. This Property Exchange will enable each such subsidiary to create a more usable, contiguous parcel of land near its own operating footprint. This transaction resulted in no net impact on the Company’s condensed consolidated financial statements. Dividends to CVR Energy Stockholders Dividends, if any, including the payment, amount and timing thereof, are subject to change at the discretion of the Board. There were no dividends declared or paid by the Company during the three months ended September 30, 2020 related to the second quarter of 2020. No dividends were declared for the third quarter of 2020. The following tables present dividends paid to the Company’s stockholders, including IEP, during 2020 and 2019 (amounts presented in tables below may not add to totals presented due to rounding). Dividends Paid (in millions) Related Period Date Paid Dividend Per Share Stockholders IEP Total 2019 - 4th Quarter March 9, 2020 $ 0.80 $ 23 $ 57 $ 80 2020 - 1st Quarter May 26, 2020 0.40 12 28 40 Total $ 1.20 $ 35 $ 85 $ 121 Dividends Paid (in millions) Related Period Date Paid Dividend Per Share Stockholders IEP Total 2018 - 4th Quarter March 11, 2019 $ 0.75 $ 22 $ 53 $ 75 2019 - 1st Quarter May 13, 2019 0.75 22 53 75 2019 - 2nd Quarter August 12, 2019 0.75 22 53 75 2019 - 3rd Quarter November 11, 2019 0.80 23 57 80 Total $ 3.05 $ 90 $ 217 $ 307 Distributions to CVR Partners’ Unitholders Distributions, if any, including the payment, amount and timing thereof, are subject to change at the discretion of the UAN GP Board. There were no distributions declared or paid by CVR Partners during the nine months ended September 30, 2020 related to the fourth quarter of 2019 or the first and second quarters of 2020, and no distributions were declared for the third quarter of 2020. The following table presents distributions paid by CVR Partners to its unitholders, including amounts paid to CVR Energy, during 2019. Distributions Paid (in thousands) Related Period Date Paid Distribution Per Public Unitholders CVR Energy Total 2018 - 4th Quarter March 11, 2019 $ 0.12 $ 9 $ 5 $ 14 2019 - 1st Quarter May 13, 2019 0.07 5 3 8 2019 - 2nd Quarter August 12, 2019 0.14 10 5 16 2019 - 3rd Quarter November 11, 2019 0.07 5 3 8 Total $ 0.40 $ 30 $ 16 $ 45

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”). These condensed consolidated financial statements should be read in conjunction with the December 31, 2019 audited consolidated financial statements and notes thereto included in CVR Energy’s Annual Report on Form 10-K for the year ended December 31, 2019 (the “2019 Form 10-K”). Our condensed consolidated financial statements include the consolidated results of CVR Partners, which is defined as a variable interest entity. In the opinion of the Company’s management, the accompanying condensed consolidated financial statements reflect all adjustments that are necessary for fair presentation of the financial position and results of operations of the Company for the periods presented. Such adjustments are of a normal recurring nature, unless otherwise disclosed. Certain reclassifications have been made within the condensed consolidated balance sheets as of December 31, 2019 and the condensed consolidated statements of operations for the three and nine months ended September 30, 2019. Catalyst inventory with a value of $17 million as of December 31, 2019 was reclassified during the first quarter of 2020 to Other long-term assets to conform to current presentation. The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities. Actual results could differ from those estimates. Results of operations and cash flows for the interim periods presented are not necessarily indicative of the results that will be realized for the year ending December 31, 2020 or any other interim or annual period.
Recent Accounting Pronouncements and Accounting Changes	Recent Accounting Pronouncements - Adoption of Credit Losses Standard In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2016-13, Financial Instruments - Credit Losses (Topic 326). The ASU replaces the incurred loss model with a current expected credit loss model for more timely recognition of expected impairment losses for most financial assets and certain other instruments that are not measured at fair value through net income. Effective January 1, 2020, we adopted this ASU with no material impact on the Company’s consolidated financial position or results of operations. Recent Accounting Pronouncements - Adoption of Fair Value Measurement Standard In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820). The ASU eliminates such disclosures as the amount of, and reasons for, transfers between Level 1 and Level 2 of the fair value hierarchy. Certain disclosures are required to be applied on a retrospective basis and others on a prospective basis. Effective January 1, 2020, we adopted this ASU with no material impact on the Company’s disclosures. New Accounting Standards Issued But Not Yet Implemented In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740). The ASU simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740 and modifies other areas of the topic to clarify the application of GAAP. Certain amendments within the standard are required to be applied on a retrospective basis and others on a prospective basis. This standard is effective for the Company beginning January 1, 2021, with early adoption permitted. The Company is evaluating the effect of adopting this new accounting guidance on its consolidated financial statements, but does not currently expect adoption will have a material impact on the Company’s consolidated financial position or results of operations. The Company does not intend to early adopt this ASU. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848). This ASU was issued because, by the end of 2021, banks will no longer be required to report information that is used to determine London Interbank Offered Rate (“LIBOR”), which is used globally by all types of entities. As a result, LIBOR could be discontinued, as well as other interest rates used globally. ASU 2020-04 provides companies with optional expedients for contract modifications under Topics 310, 470, 842, and 815-15, excluded components of certain hedging relationships, fair value hedges, and cash flow hedges, as well as certain exceptions, which are intended to help ease the potential accounting burden associated with transitioning away from these reference rates. Companies can apply the ASU immediately. However, the guidance will only be available for a limited time (generally through December 31, 2022). The Company is currently evaluating the impact that adopting this new accounting standard will have on its consolidated financial statements and related disclosures.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2020
Inventory Disclosure [Abstract]
Schedule of components of inventories	Inventories consisted of the following: (in millions) September 30, 2020 December 31, 2019 Finished goods $ 110 $ 177 Raw materials 73 112 In-process inventories 17 18 Parts, supplies and other 66 66 Total inventories $ 266 $ 373

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	9 Months Ended
	Sep. 30, 2020
Property, Plant and Equipment [Abstract]
Summary of property, plant and equipment	Property, plant and equipment consisted of the following: (in millions) September 30, 2020 December 31, 2019 Machinery and equipment $ 3,871 $ 3,805 Buildings and improvements 88 87 ROU finance leases 81 81 Land and improvements 47 46 Furniture and fixtures 37 35 Construction in progress 91 95 Other 15 14 4,230 4,163 Less: Accumulated depreciation and amortization 1,963 1,827 Total property, plant and equipment, net $ 2,267 $ 2,336

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Summary of right of use asset and lease liability balances for operating and finance leases	The following tables summarize the right of use asset and lease liability balances for the Company’s operating and finance leases at September 30, 2020 and December 31, 2019: (in millions) September 30, 2020 December 31, 2019 Operating Leases: ROU assets, net Pipeline and storage $ 17 $ 20 Railcars 9 12 Real estate and other 16 16 Lease liability Pipelines and storage $ 17 $ 22 Railcars 9 12 Real estate and other 15 14 (in millions) September 30, 2020 December 31, 2019 Finance Leases: ROU assets, net Pipeline and storage $ 27 $ 29 Real estate and other 22 24 Lease liability Pipelines and storage $ 39 $ 40 Real estate and other 23 25
Lease expense, lease terms, and discount rates	For the three and nine months ended September 30, 2020 and 2019, we recognized lease expense comprised of the following components: Three Months Ended Nine Months Ended (in millions) 2020 2019 2020 2019 Operating lease expense $ 4 $ 4 $ 13 $ 12 Finance lease expense: Amortization of ROU $ 2 $ 2 $ 5 $ 5 Interest expense on lease liability 1 2 4 5 The following outlines the remaining lease terms and discount rates used in the measurement of the Company’s ROU assets and liabilities: September 30, 2020 December 31, 2019 Weighted-average remaining lease term (years) Operating Leases 3.3 3.7 Finance Leases 8.4 9.0 Weighted-average discount rate Operating Leases 5.5 % 5.6 % Finance Leases 9.0 % 8.9 %
Summary of remaining minimum lease payments for operating leases	The following summarizes the remaining minimum lease payments through maturity of the Company’s right-of-use assets and liabilities at September 30, 2020: (in millions) Operating Leases Financing Remainder of 2020 $ 4 $ 3 2021 15 11 2022 12 11 2023 8 10 2024 5 10 Thereafter — 43 Total lease payments 44 88 Less: imputed interest (3) (26) Total lease liability $ 41 $ 62
Summary of remaining minimum lease payments for finance leases	The following summarizes the remaining minimum lease payments through maturity of the Company’s right-of-use assets and liabilities at September 30, 2020: (in millions) Operating Leases Financing Remainder of 2020 $ 4 $ 3 2021 15 11 2022 12 11 2023 8 10 2024 5 10 Thereafter — 43 Total lease payments 44 88 Less: imputed interest (3) (26) Total lease liability $ 41 $ 62

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	9 Months Ended
	Sep. 30, 2020
Other Liabilities Disclosure [Abstract]
Other current liabilities	Other current liabilities were as follows: (in millions) September 30, 2020 December 31, 2019 Accrued Renewable Fuel Standards (“RFS”) obligation $ 83 $ 7 Accrued taxes other than income taxes 33 28 Accrued interest 27 9 Personnel accruals 25 47 Operating lease liabilities 13 14 Deferred revenue 12 28 Current portion of long-term debt and finance lease obligations 7 5 Share-based compensation 6 6 Accrued income taxes — 24 Accrued derivatives — 7 Other accrued expenses and liabilities 9 9 Total other current liabilities $ 215 $ 184

Long-Term Debt and Finance Le_2

Long-Term Debt and Finance Lease Obligations (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Schedule of long-term debt and finance lease obligations	Long-term debt and finance lease obligations consist of the following: (in millions) September 30, 2020 December 31, 2019 CVR Partners: 9.25% Senior Secured Notes, due June 2023 $ 645 $ 645 6.50% Senior Notes, due April 2021, net of current portion (1) — 2 Unamortized discount and debt issuance costs (12) (15) Total CVR Partners debt, net of current portion $ 633 $ 632 CVR Refining: 6.50% Senior Notes, due November 2022 (2) $ — $ 500 Finance lease obligations, net of current portion (3) 56 61 Unamortized debt issuance cost — (3) Total CVR Refining debt, net of current portion $ 56 $ 558 CVR Energy: 5.25% Senior Notes, due February 2025 $ 600 $ — 5.75% Senior Notes, due February 2028 400 — Unamortized debt issuance costs (6) — Total CVR Energy debt 994 — Total long-term debt and finance lease obligations, net of current portion $ 1,683 $ 1,190 Current portion of long-term debt and finance lease obligations (4) 7 5 Total long-term debt and finance lease obligations, including current portion $ 1,690 $ 1,195 (1) The 6.50% Notes, due April 2021, mature within 12 months, and, therefore, the outstanding balance of $2 million has been classified as short-term debt as of September 30, 2020. (2) On January 27, 2020, the Company redeemed all of the 6.50% Senior Notes due November 2022 (the “2022 Notes”) for a redemption price equal to 101.083%, plus accrued and unpaid interest on the redeemed notes. (3) Current portion of finance lease obligations recognized was approximately $5 million and $5 million as of September 30, 2020 and December 31, 2019, respectively. (4) Amounts reported in Other current liabilities. Credit Agreements (in millions) Total Available Borrowing Capacity Amount Borrowed as of September 30, 2020 Outstanding Letters of Credit Available Capacity as of September 30, 2020 Maturity Date CVR Partners: Asset Based (“Nitrogen Fertilizer ABL”) Credit Agreement (1)(2) $ 25 $ — $ — $ 25 September 30, 2022 CVR Refining: Amended and Restated Asset Based (“Petroleum ABL”) Credit Agreement (3) $ 400 $ — $ 7 $ 393 November 14, 2022 (1) Through December 31, 2020, loans under the Nitrogen Fertilizer ABL bear interest at an annual rate equal to (i) 2.00% plus LIBOR or (ii) 1.00% plus a base rate. Thereafter, loans will bear interest (i) at such rates if our quarterly excess availability is greater than 50% and (ii) (a) 2.50% plus LIBOR or (b) 1.50% plus a base rate, otherwise. (2) The Nitrogen Fertilizer ABL was amended on September 29, 2020, to, among other things, reduce the commitments thereunder to $35 million and extend the maturity date to September 30, 2022. Deferred financing costs of less than $1 million were capitalized related to this amendment and will be amortized from Prepaid expenses and other current assets and Other long-term assets over the remaining term of the Nitrogen Fertilizer ABL. (3) Loans under the Petroleum ABL bear interest at an annual rate equal to (i) (a) 1.50% plus LIBOR or (b) 0.50% plus a base rate, if our quarterly excess availability is greater than 50% and (ii) 1.75% plus LIBOR or (b) 0.75% plus a base rate, otherwise.

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue disaggregated by major product	The following tables present the Company’s revenue, disaggregated by major product. The following tables include a reconciliation of the disaggregated revenue with the Company’s reportable segments. Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 (in millions) Petroleum Nitrogen Fertilizer Other / Elimination Consolidated Petroleum Nitrogen Fertilizer Other / Elimination Consolidated Major Product Gasoline $ 513 $ — $ — $ 513 $ 1,329 $ — $ — $ 1,329 Distillates (1) 381 — — 381 1,102 — — 1,102 Ammonia — 13 — 13 — 64 — 64 UAN — 51 — 51 — 153 — 153 Other urea products — 3 — 3 — 11 — 11 Freight revenue 4 10 — 14 13 24 — 37 Other (2) 21 2 (1) 22 56 8 (5) 59 Revenue from product sales 919 79 (1) 997 2,500 260 (5) 2,755 Crude oil sales 8 — — 8 55 — — 55 Other revenue (2) — — — — 1 — — 1 Net sales $ 927 $ 79 $ (1) $ 1,005 $ 2,556 $ 260 $ (5) $ 2,811 Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 (in millions) Petroleum Nitrogen Fertilizer Other / Elimination Consolidated Petroleum Nitrogen Fertilizer Other / Elimination Consolidated Major Product Gasoline $ 796 $ — $ — $ 796 $ 2,285 $ — $ — $ 2,285 Distillates (1) 692 — — 692 2,035 — — 2,035 Ammonia — 11 — 11 — 74 — 74 UAN — 62 — 62 — 200 — 200 Other urea products — 5 — 5 — 14 — 14 Freight revenue 6 9 — 15 17 24 — 41 Other (2) 34 2 (2) 34 108 6 (8) 106 Revenue from product sales 1,528 89 (2) 1,615 4,445 318 (8) 4,755 Crude oil sales 7 — — 7 36 — — 36 Net sales $ 1,535 $ 89 $ (2) $ 1,622 $ 4,484 $ 318 $ (8) $ 4,794 (1) Distillates consist primarily of diesel fuel, kerosene, and jet fuel.
Summary of deferred revenue activity	A summary of the Nitrogen Fertilizer Segment’s deferred revenue activity during the nine months ended September 30, 2020 is presented below: (in millions) Balance at December 31, 2019 $ 28 Add: New prepay contracts entered into during the period (1) 28 Less: Revenue recognized that was included in the contract liability balance at the beginning of the period (27) Revenue recognized related to contracts entered into during the period (17) Balance at September 30, 2020 $ 12 (1) Includes $26 million where payment associated with prepaid contracts was collected as of September 30, 2020.

Derivative Financial Instrume_2

Derivative Financial Instruments, Investments and Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gain on derivatives	The following outlines the gains recognized on the Company’s derivative activities, all of which are recorded in Cost of materials and other on the condensed consolidated statements of operations: Gain on Derivatives Three Months Ended Nine Months Ended (in millions) 2020 2019 2020 2019 Forward purchases and sales contracts, net $ 4 $ 17 $ 55 $ 37 Commodity swap instruments 1 — 5 — Futures contracts — 1 10 1 Total gain on derivatives, net $ 5 $ 18 $ 70 $ 38
Schedule of open commodity derivative instruments	The following outlines our open commodity derivative instruments, which are classified as Prepaid expenses and other current assets or Other current liabilities on the condensed consolidated balance sheets: Open Commodity Derivative Instruments (in millions of barrels) September 30, 2020 December 31, 2019 Forward purchases and sales contracts, net: Canadian crude oil 6 5
Derivative offsetting assets	The Company elected to offset the fair value amounts recognized for multiple derivative contracts executed with the same counterparty. These amounts are recognized as current assets and current liabilities within the Prepaid expenses and other current assets and Other current liabilities financial statement line items, respectively, in the condensed consolidated balance sheets as follows: Derivative Assets Derivative Liabilities (in millions) September 30, 2020 December 31, 2019 September 30, 2020 December 31, 2019 Commodity derivatives $ 7 $ 3 $ (1) $ (11) Less: Counterparty netting (1) (3) 1 3 Total net fair value of derivatives $ 6 $ — $ — $ (8)
Derivative offsetting liabilities	The Company elected to offset the fair value amounts recognized for multiple derivative contracts executed with the same counterparty. These amounts are recognized as current assets and current liabilities within the Prepaid expenses and other current assets and Other current liabilities financial statement line items, respectively, in the condensed consolidated balance sheets as follows: Derivative Assets Derivative Liabilities (in millions) September 30, 2020 December 31, 2019 September 30, 2020 December 31, 2019 Commodity derivatives $ 7 $ 3 $ (1) $ (11) Less: Counterparty netting (1) (3) 1 3 Total net fair value of derivatives $ 6 $ — $ — $ (8)
Components of investment income (loss) from marketable securities	Investments consist of equity securities, which are reported at fair value in our condensed consolidated balance sheets. These investments are considered trading securities. Investment loss from marketable securities consists of the following: Three Months Ended Nine Months Ended (in millions) 2020 2019 2020 2019 Dividend income $ 3 $ — $ 7 $ — Unrealized (loss) gain (68) — (20) — Investment loss from marketable securities $ (65) $ — $ (13) $ —
Assets and liabilities measured at fair value on a recurring basis	The following tables set forth the assets and liabilities measured or disclosed at fair value on a recurring basis, by input level, as of September 30, 2020 and December 31, 2019: September 30, 2020 (in millions) Level 1 Level 2 Level 3 Total Location and Description Prepaid expenses and other current assets (investments) $ 119 $ — $ — $ 119 Prepaid expenses and other current assets (commodity derivatives) — 6 — 6 Total Assets 119 6 — 125 Other current liabilities (RFS obligation) — (83) — (83) Long-term debt and finance lease obligations (senior notes) — (1,459) — (1,459) Total Liabilities $ — $ (1,542) $ — $ (1,542) December 31, 2019 (in millions) Level 1 Level 2 Level 3 Total Location and Description Other current liabilities (commodity derivatives) $ — $ (8) $ — $ (8) Other current liabilities (RFS obligation) — (7) — (7) Long-term debt and finance lease obligations (senior notes) — (1,180) — (1,180) Total Liabilities $ — $ (1,195) $ — $ (1,195)

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
Schedule of share-based compensation expense	A summary of compensation expense during the three and nine months ended September 30, 2020 and 2019 is presented below: Three Months Ended Nine Months Ended (in millions) 2020 2019 2020 2019 CVR Refining - Phantom Unit Awards — 1 $ — $ 3 CVR Partners LTIP - Phantom Unit Awards — — — 2 Incentive Unit Awards (1) 2 — 9 Total Share-Based Compensation Expense $ (1) $ 3 $ — $ 14

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Operating results and capital expenditures information by segment	The following table summarizes certain operating results and capital expenditures information by segment: Three Months Ended Nine Months Ended (in millions) 2020 2019 2020 2019 Net sales Petroleum $ 927 $ 1,535 $ 2,556 $ 4,484 Nitrogen Fertilizer 79 89 260 318 Other (1) (2) (5) (8) Total $ 1,005 $ 1,622 $ 2,811 $ 4,794 Operating (loss) income Petroleum $ (39) $ 173 $ (161) $ 492 Nitrogen Fertilizer (3) (8) (34) 36 Other (4) (6) (11) (17) Total (46) 159 (206) 511 Interest expense, net (31) (26) (98) (77) Investment loss from marketable securities (65) — (13) — Other income, net 3 5 3 10 (Loss) income before income tax expense $ (139) $ 138 $ (314) $ 444 Depreciation and amortization Petroleum $ 51 $ 51 $ 150 $ 152 Nitrogen Fertilizer 18 18 57 60 Other — 2 1 5 Total $ 69 $ 71 $ 208 $ 217 Capital expenditures (1) Petroleum $ 17 $ 27 $ 80 $ 65 Nitrogen Fertilizer 5 7 13 12 Other 1 — 3 4 Total $ 23 $ 34 $ 96 $ 81 The following table summarizes total assets by segment: (in millions) September 30, 2020 December 31, 2019 Petroleum $ 2,919 $ 3,187 Nitrogen Fertilizer 1,047 1,138 Other (2) (90) (420) Total Assets $ 3,876 $ 3,905 (1) Capital expenditures are shown exclusive of capitalized turnaround expenditures. (2) Includes elimination of intercompany assets and net cash proceeds from the Notes issued during the nine months ended September 30, 2020.

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2020
Supplemental Cash Flow Elements [Abstract]
Schedule of cash flows related to taxes, interest, leases, and capital expenditures included in accounts payable	Cash flows related to taxes, interest, leases, and capital expenditures included in accounts payable were as follows: Nine Months Ended (in millions) 2020 2019 Supplemental disclosures: Cash (received for income taxes, net of payments) paid for income taxes, net of refunds $ (2) $ 57 Cash paid for interest 81 55 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases 12 12 Operating cash flows from finance leases 4 5 Financing cash flows from finance leases 4 4 Non-cash investing activities: Change in capital expenditures included in accounts payable (1) (5) (4) (1) Capital expenditures are shown exclusive of capitalized turnaround expenditures.
Schedule of cash and cash equivalents	Cash, cash equivalents and restricted cash consisted of the following: (in millions) September 30, 2020 December 31, 2019 Cash and cash equivalents $ 672 $ 652 Restricted cash (2) 7 — Cash, cash equivalents and restricted cash $ 679 $ 652 (2) The restricted cash balance is included within Prepaid expenses and other current assets on the condensed consolidated balance sheets.
Schedule of restricted cash	Cash, cash equivalents and restricted cash consisted of the following: (in millions) September 30, 2020 December 31, 2019 Cash and cash equivalents $ 672 $ 652 Restricted cash (2) 7 — Cash, cash equivalents and restricted cash $ 679 $ 652 (2) The restricted cash balance is included within Prepaid expenses and other current assets on the condensed consolidated balance sheets.

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2020
Related Party Transactions [Abstract]
Schedule of related party transactions	Activity associated with the Company’s related party arrangements for the three and nine months ended September 30, 2020 and 2019 is summarized below: Expenses from related parties Three Months Ended Nine Months Ended (in millions) 2020 2019 2020 2019 Cost of materials and other Joint Venture Transportation Agreement: Enable $ 3 $ 3 $ 9 $ 8 Payments made Dividends (1) $ — $ 53 85 159 (1) See below for a summary of the dividends paid to IEP for the nine months ended September 30, 2020 and year ended December 31, 2019.
Summary of dividends paid	The following tables present dividends paid to the Company’s stockholders, including IEP, during 2020 and 2019 (amounts presented in tables below may not add to totals presented due to rounding). Dividends Paid (in millions) Related Period Date Paid Dividend Per Share Stockholders IEP Total 2019 - 4th Quarter March 9, 2020 $ 0.80 $ 23 $ 57 $ 80 2020 - 1st Quarter May 26, 2020 0.40 12 28 40 Total $ 1.20 $ 35 $ 85 $ 121 Dividends Paid (in millions) Related Period Date Paid Dividend Per Share Stockholders IEP Total 2018 - 4th Quarter March 11, 2019 $ 0.75 $ 22 $ 53 $ 75 2019 - 1st Quarter May 13, 2019 0.75 22 53 75 2019 - 2nd Quarter August 12, 2019 0.75 22 53 75 2019 - 3rd Quarter November 11, 2019 0.80 23 57 80 Total $ 3.05 $ 90 $ 217 $ 307 The following table presents distributions paid by CVR Partners to its unitholders, including amounts paid to CVR Energy, during 2019. Distributions Paid (in thousands) Related Period Date Paid Distribution Per Public Unitholders CVR Energy Total 2018 - 4th Quarter March 11, 2019 $ 0.12 $ 9 $ 5 $ 14 2019 - 1st Quarter May 13, 2019 0.07 5 3 8 2019 - 2nd Quarter August 12, 2019 0.14 10 5 16 2019 - 3rd Quarter November 11, 2019 0.07 5 3 8 Total $ 0.40 $ 30 $ 16 $ 45

Organization and Nature of Bu_2

Organization and Nature of Business (Details)	Nov. 23, 2020shares	Sep. 30, 2020USD ($)$ / sharesshares	Mar. 31, 2019USD ($)	Sep. 30, 2020USD ($)shares	Sep. 30, 2020USD ($)$ / sharesshares	May 06, 2020USD ($)
Organization, Consolidation, and Presentation of Financial Statements [Line Items]
Repurchase of CVR Partners' common units on open market and change in ownership while maintaining control			$ 335,000,000
Recognition of deferred tax liability from change in book versus tax basis in CVR Partners		$ 1,000,000		$ 1,000,000	$ 1,000,000
Additional Paid-In Capital
Organization, Consolidation, and Presentation of Financial Statements [Line Items]
Repurchase of CVR Partners' common units on open market and change in ownership while maintaining control			1,000,000	2,900,000
Noncontrolling Interest
Organization, Consolidation, and Presentation of Financial Statements [Line Items]
Repurchase of CVR Partners' common units on open market and change in ownership while maintaining control			$ 334,000,000	$ (3,900,000)
CVR Partners
Organization, Consolidation, and Presentation of Financial Statements [Line Items]
Percentage of interest held by the public					65.00%
Common unitholders, outstanding (in units) | shares		111,000,000		111,000,000	111,000,000
Unit Repurchase Program, authorized amount						$ 10,000,000
Common units repurchased on open market (in units) | shares		1,403,784			2,294,002
Cost, inclusive of transaction costs, of repurchase of outstanding common units		$ 1,000,000			$ 2,000,000
Average price per common unit (in dollars per share) | $ / shares		$ 0.94			$ 0.99
Amount remaining under Unit Repurchase Program		$ 8,000,000		$ 8,000,000	$ 8,000,000
CVR Partners | Forecast | Subsequent Event
Organization, Consolidation, and Presentation of Financial Statements [Line Items]
Reverse Unit Split, conversion ratio	0.1
Common unitholders, outstanding (in units) | shares	11,000,000
CVR Services | CVR Partners
Organization, Consolidation, and Presentation of Financial Statements [Line Items]
Percentage of common units owned by wholly-owned subsidiary					35.00%
CVR Services | CVR GP
Organization, Consolidation, and Presentation of Financial Statements [Line Items]
Percentage of common units owned by general partner					100.00%
Majority Shareholder
Organization, Consolidation, and Presentation of Financial Statements [Line Items]
Ownership percentage held by controlling stockholder					71.00%

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($) $ in Millions	Sep. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Reclassification out of inventory	$ (266)		$ (373)
Reclassification to other long-term assets	$ 355		$ 295
Reclassification Adjustment | Catalyst Inventory
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Reclassification out of inventory		$ 17
Reclassification to other long-term assets		$ 17

Inventories (Details)

Inventories (Details) - USD ($)	3 Months Ended		6 Months Ended	9 Months Ended		12 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2020	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Inventory Disclosure [Abstract]
Finished goods			$ 110,000,000	$ 110,000,000		$ 177,000,000
Raw materials			73,000,000	73,000,000		112,000,000
In-process inventories			17,000,000	17,000,000		18,000,000
Parts, supplies and other			66,000,000	66,000,000		66,000,000
Total inventories			266,000,000	266,000,000		373,000,000
Inventory [Line Items]
Inventories, carrying amounts in excess of market value				$ 59,000,000	$ 0
Petroleum
Inventory [Line Items]
Inventories, carrying amounts in excess of market value	$ 0	$ 58,000,000	$ 0			$ 0

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Property, Plant, and Equipment
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization	us-gaap:PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
ROU finance leases	$ 81	$ 81
Property, plant and equipment, gross	4,230	4,163
Less: Accumulated depreciation and amortization	1,963	1,827
Total property, plant and equipment, net	2,267	2,336
Machinery and equipment
Property, Plant, and Equipment
Property, plant and equipment, gross	3,871	3,805
Buildings and improvements
Property, Plant, and Equipment
Property, plant and equipment, gross	88	87
Land and improvements
Property, Plant, and Equipment
Property, plant and equipment, gross	47	46
Furniture and fixtures
Property, Plant, and Equipment
Property, plant and equipment, gross	37	35
Construction in progress
Property, Plant, and Equipment
Property, plant and equipment, gross	91	95
Other
Property, Plant, and Equipment
Property, plant and equipment, gross	$ 15	$ 14

Goodwill (Details)

Goodwill (Details)	3 Months Ended			9 Months Ended
	Sep. 30, 2020USD ($)	Jun. 30, 2020USD ($)product	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Goodwill [Line Items]
Goodwill	$ 0			$ 0
Impairment of goodwill	$ 0	$ 41,000,000	$ 0	$ 41,000,000	$ 0
Nitrogen Fertilizer
Goodwill [Line Items]
Goodwill						$ 41,000,000
Number of primary products experiencing significant pricing declines | product		2

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Jul. 31, 2020
Lessee, Lease, Description [Line Items]
Short-term lease expense	$ 2	$ 2	$ 6	$ 6
Minimum
Lessee, Lease, Description [Line Items]
Renewal term			1 year
Financing lease not yet commenced, amount expected to be capitalized at commencement					$ 20
Maximum
Lessee, Lease, Description [Line Items]
Renewal term			20 years
Financing lease not yet commenced, amount expected to be capitalized at commencement					$ 25

Leases - Balance Sheet Summary

Leases - Balance Sheet Summary (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Operating Leases:
Lease liability	$ 41
Finance Leases:
Lease liability	62
Pipeline and storage
Operating Leases:
ROU assets, net	17	$ 20
Lease liability	17	22
Finance Leases:
ROU assets, net	27	29
Lease liability	39	40
Railcars
Operating Leases:
ROU assets, net	9	12
Lease liability	9	12
Real estate and other
Operating Leases:
ROU assets, net	16	16
Lease liability	15	14
Finance Leases:
ROU assets, net	22	24
Lease liability	$ 23	$ 25

Leases - Lease Expense (Details

Leases - Lease Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Leases [Abstract]
Operating lease expense	$ 4	$ 4	$ 13	$ 12
Finance lease expense:
Amortization of ROU	2	2	5	5
Interest expense on lease liability	$ 1	$ 2	$ 4	$ 5

Leases - Lease Terms and Discou

Leases - Lease Terms and Discount Rates (Details)	Sep. 30, 2020	Dec. 31, 2019
Weighted-average remaining lease term (years)
Operating Leases	3 years 3 months 18 days	3 years 8 months 12 days
Finance Leases	8 years 4 months 24 days	9 years
Weighted-average discount rate
Operating Leases	5.50%	5.60%
Finance Leases	9.00%	8.90%

Leases - Remaining Minimum Leas

Leases - Remaining Minimum Lease Payments (Details) $ in Millions	Sep. 30, 2020USD ($)
Operating Leases
Remainder of 2020	$ 4
2021	15
2022	12
2023	8
2024	5
Thereafter	0
Total lease payments	44
Less: imputed interest	(3)
Total lease liability	41
Financing Leases
Remainder of 2020	3
2021	11
2022	11
2023	10
2024	10
Thereafter	43
Total lease payments	88
Less: imputed interest	(26)
Total lease liability	$ 62

Other Current Liabilities (Deta

Other Current Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Other Liabilities Disclosure [Abstract]
Accrued Renewable Fuel Standards (“RFS”) obligation	$ 83	$ 7
Accrued taxes other than income taxes	33	28
Accrued interest	27	9
Personnel accruals	$ 25	$ 47
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilitiesCurrent	us-gaap:OtherLiabilitiesCurrent
Operating lease liabilities	$ 13	$ 14
Deferred revenue	12	28
Current portion of long-term debt and finance lease obligations	7	5
Share-based compensation	6	6
Accrued income taxes	0	24
Accrued derivatives	0	7
Other accrued expenses and liabilities	9	9
Total other current liabilities	$ 215	$ 184

Long-Term Debt and Finance Le_3

Long-Term Debt and Finance Lease Obligations - Schedule of Long-term Debt (Details) - USD ($) $ in Millions	Jan. 27, 2020	Sep. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total long-term debt and finance lease obligations, net of current portion		$ 1,683	$ 1,190
Current portion of long-term debt and finance lease obligations		7	5
Total long-term debt and finance lease obligations, including current portion		$ 1,690	$ 1,195
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]		us-gaap:LongTermDebtAndCapitalLeaseObligations	us-gaap:LongTermDebtAndCapitalLeaseObligations
CVR Energy
Debt Instrument [Line Items]
Unamortized discount and debt issuance costs		$ (6)	$ 0
Total debt, net of current portion		994	0
CVR Energy | Senior Notes | 5.25% Senior Notes, due February 2025
Debt Instrument [Line Items]
Total long-term debt, net of current portion, before finance lease obligations, debt issuance costs and discount		$ 600	0
Stated interest rate	5.25%	5.25%
CVR Energy | Senior Notes | 5.75% Senior Notes, due February 2028
Debt Instrument [Line Items]
Total long-term debt, net of current portion, before finance lease obligations, debt issuance costs and discount		$ 400	0
Stated interest rate	5.75%	5.75%
CVR Partners
Debt Instrument [Line Items]
Unamortized discount and debt issuance costs		$ (12)	(15)
Total debt, net of current portion		633	632
CVR Partners | Senior Notes | 9.25% Senior Secured Notes, due June 2023
Debt Instrument [Line Items]
Total long-term debt, net of current portion, before finance lease obligations, debt issuance costs and discount		$ 645	645
Stated interest rate		9.25%
CVR Partners | Senior Notes | 6.50% Senior Notes due April 2021, net of current portion
Debt Instrument [Line Items]
Total long-term debt, net of current portion, before finance lease obligations, debt issuance costs and discount		$ 0	2
Stated interest rate		6.50%
Outstanding balance classified as short-term debt		$ 2
CVR Refining
Debt Instrument [Line Items]
Finance lease obligations, net of current portion		56	61
Unamortized discount and debt issuance costs		0	(3)
Total long-term debt and finance lease obligations, net of current portion		56	558
Current portion of finance lease obligations		5	5
CVR Refining | Senior Notes | 6.50% Senior Notes due November 2022
Debt Instrument [Line Items]
Total long-term debt, net of current portion, before finance lease obligations, debt issuance costs and discount		$ 0	$ 500
Stated interest rate	6.50%	6.50%
Redemption price percentage	101.083%

Long-Term Debt and Finance Le_4

Long-Term Debt and Finance Lease Obligations - Additional Information (Details) - USD ($)	Jan. 27, 2020	Mar. 31, 2020	Sep. 30, 2020	Sep. 30, 2019
Debt Instrument [Line Items]
Payment for redemption of debt			$ 500,000,000	$ 0
Call premiums paid			$ 5,000,000	$ 0
2022 Notes | Senior Notes | CVR Refining
Debt Instrument [Line Items]
Accrued interest settled upon redemption	$ 8,000,000
Payment for redemption of debt	$ 505,000,000
Redemption of notes, percentage of par value at which notes were repurchased	101.083%
Loss on extinguishment of debt		$ 8,000,000
Call premiums paid		5,000,000
Write-off of unamortized deferred financing costs		$ 3,000,000
Stated interest rate	6.50%		6.50%
2025 Notes | Senior Notes | CVR Energy
Debt Instrument [Line Items]
Aggregate principal amount of private offering	$ 600,000,000
Stated interest rate	5.25%		5.25%
2028 Notes | Senior Notes | CVR Energy
Debt Instrument [Line Items]
Aggregate principal amount of private offering	$ 400,000,000
Stated interest rate	5.75%		5.75%

Long-Term Debt and Finance Le_5

Long-Term Debt and Finance Lease Obligations - Credit Agreement (Details) - Line of Credit - Revolving Credit Facility - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 29, 2020
CVR Partners | Asset Based (Nitrogen Fertilizer ABL) Credit Agreement
Line of Credit Facility [Line Items]
Total Available Borrowing Capacity	$ 25,000,000	$ 35,000,000
Amount Borrowed	0
Outstanding Letters of Credit	0
Available Capacity	$ 25,000,000
Deferred financing costs (less than)		$ 1,000,000
CVR Partners | Asset Based (Nitrogen Fertilizer ABL) Credit Agreement, Through December 31, 2020 | LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate	2.00%
CVR Partners | Asset Based (Nitrogen Fertilizer ABL) Credit Agreement, Through December 31, 2020 | Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.00%
CVR Partners | Asset Based (Nitrogen Fertilizer ABL) Credit Agreement, After December 31, 2020 | LIBOR | Quarterly Excess Availability Greater Than 50%
Line of Credit Facility [Line Items]
Basis spread on variable rate	2.00%
CVR Partners | Asset Based (Nitrogen Fertilizer ABL) Credit Agreement, After December 31, 2020 | LIBOR | Quarterly Excess Availability Not Greater Than 50%
Line of Credit Facility [Line Items]
Basis spread on variable rate	2.50%
CVR Partners | Asset Based (Nitrogen Fertilizer ABL) Credit Agreement, After December 31, 2020 | Base Rate | Quarterly Excess Availability Greater Than 50%
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.00%
CVR Partners | Asset Based (Nitrogen Fertilizer ABL) Credit Agreement, After December 31, 2020 | Base Rate | Quarterly Excess Availability Not Greater Than 50%
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.50%
CVR Refining | Amended and Restated Asset Based (Petroleum ABL) Credit Agreement
Line of Credit Facility [Line Items]
Total Available Borrowing Capacity	$ 400,000,000
Amount Borrowed	0
Outstanding Letters of Credit	7,000,000
Available Capacity	$ 393,000,000
CVR Refining | Amended and Restated Asset Based (Petroleum ABL) Credit Agreement | LIBOR | Quarterly Excess Availability Greater Than 50%
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.50%
CVR Refining | Amended and Restated Asset Based (Petroleum ABL) Credit Agreement | LIBOR | Quarterly Excess Availability Not Greater Than 50%
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.75%
CVR Refining | Amended and Restated Asset Based (Petroleum ABL) Credit Agreement | Base Rate | Quarterly Excess Availability Greater Than 50%
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.50%
CVR Refining | Amended and Restated Asset Based (Petroleum ABL) Credit Agreement | Base Rate | Quarterly Excess Availability Not Greater Than 50%
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.75%

Revenue - Revenue Disaggregated

Revenue - Revenue Disaggregated by Major Product (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disaggregation of Revenue [Line Items]
Net sales	$ 1,005	$ 1,622	$ 2,811	$ 4,794
Revenue from product sales
Disaggregation of Revenue [Line Items]
Revenue from product sales	997	1,615	2,755	4,755
Gasoline
Disaggregation of Revenue [Line Items]
Revenue from product sales	513	796	1,329	2,285
Distillates
Disaggregation of Revenue [Line Items]
Revenue from product sales	381	692	1,102	2,035
Ammonia
Disaggregation of Revenue [Line Items]
Revenue from product sales	13	11	64	74
UAN
Disaggregation of Revenue [Line Items]
Revenue from product sales	51	62	153	200
Other urea products
Disaggregation of Revenue [Line Items]
Revenue from product sales	3	5	11	14
Freight revenue
Disaggregation of Revenue [Line Items]
Revenue from product sales	14	15	37	41
Other
Disaggregation of Revenue [Line Items]
Revenue from product sales	22	34	59	106
Crude oil sales
Disaggregation of Revenue [Line Items]
Revenue from product sales	8	7	55	36
Other revenue
Disaggregation of Revenue [Line Items]
Other revenue	0		1
Operating Segments | Petroleum
Disaggregation of Revenue [Line Items]
Net sales	927	1,535	2,556	4,484
Operating Segments | Petroleum | Revenue from product sales
Disaggregation of Revenue [Line Items]
Revenue from product sales	919	1,528	2,500	4,445
Operating Segments | Petroleum | Gasoline
Disaggregation of Revenue [Line Items]
Revenue from product sales	513	796	1,329	2,285
Operating Segments | Petroleum | Distillates
Disaggregation of Revenue [Line Items]
Revenue from product sales	381	692	1,102	2,035
Operating Segments | Petroleum | Ammonia
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0	0	0
Operating Segments | Petroleum | UAN
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0	0	0
Operating Segments | Petroleum | Other urea products
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0	0	0
Operating Segments | Petroleum | Freight revenue
Disaggregation of Revenue [Line Items]
Revenue from product sales	4	6	13	17
Operating Segments | Petroleum | Other
Disaggregation of Revenue [Line Items]
Revenue from product sales	21	34	56	108
Operating Segments | Petroleum | Crude oil sales
Disaggregation of Revenue [Line Items]
Revenue from product sales	8	7	55	36
Operating Segments | Petroleum | Other revenue
Disaggregation of Revenue [Line Items]
Other revenue	0		1
Operating Segments | Nitrogen Fertilizer
Disaggregation of Revenue [Line Items]
Net sales	79	89	260	318
Operating Segments | Nitrogen Fertilizer | Revenue from product sales
Disaggregation of Revenue [Line Items]
Revenue from product sales	79	89	260	318
Operating Segments | Nitrogen Fertilizer | Gasoline
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0	0	0
Operating Segments | Nitrogen Fertilizer | Distillates
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0	0	0
Operating Segments | Nitrogen Fertilizer | Ammonia
Disaggregation of Revenue [Line Items]
Revenue from product sales	13	11	64	74
Operating Segments | Nitrogen Fertilizer | UAN
Disaggregation of Revenue [Line Items]
Revenue from product sales	51	62	153	200
Operating Segments | Nitrogen Fertilizer | Other urea products
Disaggregation of Revenue [Line Items]
Revenue from product sales	3	5	11	14
Operating Segments | Nitrogen Fertilizer | Freight revenue
Disaggregation of Revenue [Line Items]
Revenue from product sales	10	9	24	24
Operating Segments | Nitrogen Fertilizer | Other
Disaggregation of Revenue [Line Items]
Revenue from product sales	2	2	8	6
Operating Segments | Nitrogen Fertilizer | Crude oil sales
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0	0	0
Operating Segments | Nitrogen Fertilizer | Other revenue
Disaggregation of Revenue [Line Items]
Other revenue	0		0
Other / Elimination
Disaggregation of Revenue [Line Items]
Net sales	(1)	(2)	(5)	(8)
Other / Elimination | Revenue from product sales
Disaggregation of Revenue [Line Items]
Revenue from product sales	(1)	(2)	(5)	(8)
Other / Elimination | Gasoline
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0	0	0
Other / Elimination | Distillates
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0	0	0
Other / Elimination | Ammonia
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0	0	0
Other / Elimination | UAN
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0	0	0
Other / Elimination | Other urea products
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0	0	0
Other / Elimination | Freight revenue
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0	0	0
Other / Elimination | Other
Disaggregation of Revenue [Line Items]
Revenue from product sales	(1)	(2)	(5)	(8)
Other / Elimination | Crude oil sales
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	$ 0	0	$ 0
Other / Elimination | Other revenue
Disaggregation of Revenue [Line Items]
Other revenue	$ 0		$ 0

Revenue - Additional informatio

Revenue - Additional information (Details)	9 Months Ended
	Sep. 30, 2020
Petroleum | Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Payment terms	2 days
Petroleum | Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Payment terms	32 days
Nitrogen Fertilizer | Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Payment terms	15 days
Nitrogen Fertilizer | Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Payment terms	30 days

Revenue - Remaining Performance

Revenue - Remaining Performance Obligation (Details) - Nitrogen Fertilizer $ in Millions	Sep. 30, 2020USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 1
Remaining performance obligation, expected timing of satisfaction, period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 3
Remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 3
Remaining performance obligation, expected timing of satisfaction, period

Revenue - Deferred Revenue (Det

Revenue - Deferred Revenue (Details) $ in Millions	9 Months Ended
	Sep. 30, 2020USD ($)
Change in Contract with Customer, Liability [Roll Forward]
Balance at beginning of period	$ 28
Less:
Balance at end of period	12
Prepaid contracts, payment collected	26
Nitrogen Fertilizer
Change in Contract with Customer, Liability [Roll Forward]
Balance at beginning of period	28
Add:
New prepay contracts entered into during the period	28
Less:
Revenue recognized that was included in the contract liability balance at the beginning of the period	(27)
Revenue recognized related to contracts entered into during the period	(17)
Balance at end of period	$ 12

Derivative Financial Instrume_3

Derivative Financial Instruments, Investments and Fair Value Measurements - Additional Information (Details) derivative in Millions	Sep. 30, 2020derivative
Commodity Swap Postions
Derivative [Line Items]
Outstanding positions (less than for commodity swap positions)	1
Forward Contracts | Purchase Commitments
Derivative [Line Items]
Outstanding positions (less than for commodity swap positions)	3
Forward Contracts | Sale Commitments
Derivative [Line Items]
Outstanding positions (less than for commodity swap positions)	2
RINs | Sale Commitments
Derivative [Line Items]
Outstanding positions (less than for commodity swap positions)	62

Derivative Financial Instrume_4

Derivative Financial Instruments, Investments and Fair Value Measurements - Schedule of Gains on Derivatives (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Total gain on derivatives, net	$ 5	$ 18	$ 70	$ 38
Forward purchases and sales contracts, net
Derivative Instruments, Gain (Loss) [Line Items]
Total gain on derivatives, net	4	17	55	37
Commodity swap instruments
Derivative Instruments, Gain (Loss) [Line Items]
Total gain on derivatives, net	1	0	5	0
Futures contracts
Derivative Instruments, Gain (Loss) [Line Items]
Total gain on derivatives, net	$ 0	$ 1	$ 10	$ 1

Derivative Financial Instrume_5

Derivative Financial Instruments, Investments and Fair Value Measurements - Open Commodity Derivative Instruments (Details) - bbl bbl in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Canadian crude oil
Derivative [Line Items]
Number of barrels	6	5

Derivative Financial Instrume_6

Derivative Financial Instruments, Investments and Fair Value Measurements - Schedule of Offsetting Assets and Liabilities (Details) - Commodity derivatives - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Current Assets
Derivative Assets
Commodity derivatives	$ 7	$ 3
Less: Counterparty netting	(1)	(3)
Total net fair value of derivatives	6	0
Current Liabilities
Derivative Liabilities
Commodity derivatives	(1)	(11)
Less: Counterparty netting	1	3
Total net fair value of derivatives	$ 0	$ (8)

Derivative Financial Instrume_7

Derivative Financial Instruments, Investments and Fair Value Measurements - Investments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Dividend income	$ 3	$ 0	$ 7	$ 0
Unrealized (loss) gain	(68)	0	(20)	0
Investment loss from marketable securities	$ (65)	$ 0	$ (13)	$ 0

Derivative Financial Instrume_8

Derivative Financial Instruments, Investments and Fair Value Measurements - Assets and Liabilities Measured at Fair Value (Details) - Recurring - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Fair value measurements
Prepaid expenses and other current assets (investments)	$ 119
Total Assets	125
Long-term debt and finance lease obligations (senior notes)	(1,459)	$ (1,180)
Total Liabilities	(1,542)	(1,195)
Commodity derivatives
Fair value measurements
Prepaid expenses and other current assets (commodity derivatives)	6
Other current liabilities (commodity derivatives)		(8)
RFS obligation
Fair value measurements
Other current liabilities (RFS obligation)	(83)	(7)
Level 1
Fair value measurements
Prepaid expenses and other current assets (investments)	119
Total Assets	119
Long-term debt and finance lease obligations (senior notes)	0	0
Total Liabilities	0	0
Level 1 | Commodity derivatives
Fair value measurements
Prepaid expenses and other current assets (commodity derivatives)	0
Other current liabilities (commodity derivatives)		0
Level 1 | RFS obligation
Fair value measurements
Other current liabilities (RFS obligation)	0	0
Level 2
Fair value measurements
Prepaid expenses and other current assets (investments)	0
Total Assets	6
Long-term debt and finance lease obligations (senior notes)	(1,459)	(1,180)
Total Liabilities	(1,542)	(1,195)
Level 2 | Commodity derivatives
Fair value measurements
Prepaid expenses and other current assets (commodity derivatives)	6
Other current liabilities (commodity derivatives)		(8)
Level 2 | RFS obligation
Fair value measurements
Other current liabilities (RFS obligation)	(83)	(7)
Level 3
Fair value measurements
Prepaid expenses and other current assets (investments)	0
Total Assets	0
Long-term debt and finance lease obligations (senior notes)	0	0
Total Liabilities	0	0
Level 3 | Commodity derivatives
Fair value measurements
Prepaid expenses and other current assets (commodity derivatives)	0
Other current liabilities (commodity derivatives)		0
Level 3 | RFS obligation
Fair value measurements
Other current liabilities (RFS obligation)	$ 0	$ 0

Share-Based Compensation - Shar

Share-Based Compensation - Share-Based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Share-Based Compensation
Total Share-Based Compensation Expense	$ (1)	$ 3	$ 0	$ 14
Incentive Unit Awards
Share-Based Compensation
Total Share-Based Compensation Expense	(1)	2	0	9
CVR Refining | Phantom Units Award
Share-Based Compensation
Total Share-Based Compensation Expense	0	1	0	3
CVR Partners | CVR Partners LTIP | Phantom Units Award
Share-Based Compensation
Total Share-Based Compensation Expense	$ 0	$ 0	$ 0	$ 2

Commitments and Contingencies -

Commitments and Contingencies - Crude Oil Supply Agreement (Details) - Crude Oil Supply Agreement	Aug. 31, 2012	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Loss Contingencies [Line Items]
Renewal term of agreement	1 year
Notice of nonrenewal period prior to expiration	180 days
Petroleum Segment | Contracted Volume | Supplier Concentration Risk
Loss Contingencies [Line Items]
Volume contracted under Crude Oil Supply Agreement as percentage of total crude oil purchases		33.00%	38.00%	30.00%	39.00%

Commitments and Contingencies_2

Commitments and Contingencies - RFS (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Petroleum Segment | Environmental, Health, and Safety Matters
Loss Contingencies [Line Items]
Expense (benefit) recognized for compliance with RFS	$ 36	$ (2)	$ 71	$ 31

Commitments and Contingencies_3

Commitments and Contingencies - Litigation (Details)	1 Months Ended
	Jan. 31, 2020claimant	Apr. 06, 2020contract
WRC and Others | Small Refinery Exemption
Loss Contingencies [Line Items]
Number of refineries whose SREs were vacated under RFS program under the CAA	3
WRC | Small Refinery Exemption
Loss Contingencies [Line Items]
Number of refineries whose SREs were vacated under RFS program under the CAA	1
CVR Energy, CVR Refining and General Partner, CVR Refining Holdings, IEP and CEO | Call Option Lawsuits
Loss Contingencies [Line Items]
Number of lawsuits filed | contract		9

Business Segments - Additional

Business Segments - Additional Information (Details)	9 Months Ended
	Sep. 30, 2020segment
Segment Reporting [Abstract]
Number of operating segments	2

Business Segments - Summary of

Business Segments - Summary of Operating Results and Capital Expenditures by Segment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Net sales	$ 1,005	$ 1,622	$ 2,811	$ 4,794
Operating (loss) income	(46)	159	(206)	511
Interest expense, net	(31)	(26)	(98)	(77)
Investment loss from marketable securities	(65)	0	(13)	0
Other income, net	3	5	3	10
(Loss) income before income tax expense	(139)	138	(314)	444
Depreciation and amortization	69	71	208	217
Capital expenditures	23	34	96	81
Total Assets	3,876		3,876		$ 3,905
Operating Segments | Petroleum
Segment Reporting Information [Line Items]
Net sales	927	1,535	2,556	4,484
Operating (loss) income	(39)	173	(161)	492
Depreciation and amortization	51	51	150	152
Capital expenditures	17	27	80	65
Total Assets	2,919		2,919		3,187
Operating Segments | Nitrogen Fertilizer
Segment Reporting Information [Line Items]
Net sales	79	89	260	318
Operating (loss) income	(3)	(8)	(34)	36
Depreciation and amortization	18	18	57	60
Capital expenditures	5	7	13	12
Total Assets	1,047		1,047		1,138
Other
Segment Reporting Information [Line Items]
Net sales	(1)	(2)	(5)	(8)
Operating (loss) income	(4)	(6)	(11)	(17)
Depreciation and amortization	0	2	1	5
Capital expenditures	1	$ 0	3	$ 4
Total Assets	$ (90)		$ (90)		$ (420)

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Supplemental disclosures:
Cash (received for income taxes, net of payments) paid for income taxes, net of refunds	$ (2)	$ 57
Cash paid for interest	81	55
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	12	12
Operating cash flows from finance leases	4	5
Financing cash flows from finance leases	4	4
Non-cash investing activities:
Change in capital expenditures included in accounts payable	$ (5)	$ (4)

Supplemental Cash Flow Inform_4

Supplemental Cash Flow Information - Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018
Supplemental Cash Flow Elements [Abstract]
Cash and cash equivalents	$ 672	$ 652
Restricted cash	7	0
Cash, cash equivalents and restricted cash	$ 679	$ 652	$ 692	$ 668

Related Party Transactions - Ex

Related Party Transactions - Expenses from Related Parties (Details) - USD ($) $ in Millions	May 26, 2020	Mar. 09, 2020	Nov. 11, 2019	Aug. 12, 2019	May 13, 2019	Mar. 11, 2019	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Related Party Transaction [Line Items]
Cost of materials and other							$ 846	$ 1,221	$ 2,348	$ 3,589
Dividends	$ 40	$ 80	$ 80	$ 75	$ 75	$ 75			121	225	$ 307
Enable | Joint Venture Transportation Agreement
Related Party Transaction [Line Items]
Cost of materials and other							3	3	9	8
IEP
Related Party Transaction [Line Items]
Dividends	$ 28	$ 57	$ 57	$ 53	$ 53	$ 53	$ 0	$ 53	$ 85	$ 159	$ 217

Related Party Transactions - Ag

Related Party Transactions - Agency Arrangement With IEP (Details) - USD ($) $ in Millions	Feb. 04, 2020	Sep. 30, 2020	Sep. 30, 2019
Related Party Transaction [Line Items]
Investment in certain marketable securities		$ 140	$ 0
Agency Agreement with IEP | IEH
Related Party Transaction [Line Items]
Investment in certain marketable securities	$ 140

Related Party Transactions - Su

Related Party Transactions - Summary of Dividends Paid (Details) - USD ($) $ / shares in Units, $ in Thousands	May 26, 2020	Mar. 09, 2020	Nov. 11, 2019	Aug. 12, 2019	May 13, 2019	Mar. 11, 2019	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Related Party Transaction [Line Items]
Dividends declared per share (in dollars per share)							$ 0
Dividend Per Share (in dollars per share)	$ 0.40	$ 0.80	$ 0.80	$ 0.75	$ 0.75	$ 0.75	0	$ 0.75	$ 1.20	$ 2.25	$ 3.05
Dividends Paid	$ 40,000	$ 80,000	$ 80,000	$ 75,000	$ 75,000	$ 75,000			$ 121,000	$ 225,000	$ 307,000
CVR Partners
Related Party Transaction [Line Items]
Distributions declared (in dollars per share)							$ 0		$ 0
Distribution Per Common Unit (in dollars per share)			$ 0.07	$ 0.14	$ 0.07	$ 0.12			$ 0		$ 0.40
Distributions Paid			$ 8,000	$ 16,000	$ 8,000	$ 14,000					$ 45,000
CVR Energy | CVR Partners
Related Party Transaction [Line Items]
Distributions Paid			3,000	5,000	3,000	5,000					16,000
IEP
Related Party Transaction [Line Items]
Dividends Paid	28,000	57,000	57,000	53,000	53,000	53,000	$ 0	$ 53,000	$ 85,000	$ 159,000	217,000
Stockholders
Related Party Transaction [Line Items]
Dividends Paid	$ 12,000	$ 23,000	23,000	22,000	22,000	22,000			$ 35,000		90,000
Public Unitholders | CVR Partners
Related Party Transaction [Line Items]
Distributions Paid			$ 5,000	$ 10,000	$ 5,000	$ 9,000					$ 30,000