CVR Energy (CVI) 10-Q 3 May 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	Apr. 29, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
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	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	2022
Document Fiscal Period Focus	Q1

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents (including $137 and $113, respectively, of consolidated variable interest entity (“VIE”))	$ 676	$ 510
Accounts receivable (including $44 and $88, respectively, of VIE)	353	299
Inventories (including $65 and $52, respectively, of VIE)	683	484
Prepaid expenses and other current assets (including $8 and $9, respectively, of VIE)	54	76
Total current assets	1,766	1,369
Property, plant and equipment, net (including $836 and $850, respectively, of VIE)	2,269	2,273
Other long-term assets (including $13 and $14, respectively, of VIE)	310	264
Total assets	4,345	3,906
Current liabilities:
Accounts payable (including $55 and $50, respectively, of VIE)	709	409
Other current liabilities (including $118 and $111, respectively, of VIE)	843	747
Total current liabilities	1,552	1,156
Long-term liabilities:
Long-term debt and finance lease obligations, net of current portion (including $546 and $611, respectively, of VIE)	1,589	1,654
Deferred income taxes	263	268
Other long-term liabilities (including $16 and $12, respectively, of VIE)	65	58
Total long-term liabilities	1,917	1,980
Commitments and contingencies (See Note 12)
CVR Energy stockholders’ equity:
Common stock, $0.01 par value per share; 350,000,000 shares authorized; 100,629,209 and 100,629,209 shares issued as of March 31, 2022 and December 31, 2021, respectively	1	1
Additional paid-in-capital	1,508	1,510
Accumulated deficit	(863)	(956)
Treasury stock, 98,610 shares at cost	(2)	(2)
Total CVR stockholders’ equity	644	553
Noncontrolling interest	232	217
Total equity	876	770
Total liabilities and equity	$ 4,345	$ 3,906

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 676	$ 510
Accounts receivable	353	299
Inventories	683	484
Prepaid expenses and other current assets	54	76
Property, plant and equipment, net	2,269	2,273
Other long-term assets	310	264
Current liabilities:
Accounts payable	709	409
Other current liabilities	843	747
Long-term liabilities:
Long-term debt and finance lease obligations	1,589	1,654
Other long-term liabilities	$ 65	$ 58
CVR stockholders’ 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	$ 137	$ 113
Accounts receivable	44	88
Inventories	65	52
Prepaid expenses and other current assets	8	9
Property, plant and equipment, net	836	850
Other long-term assets	13	14
Current liabilities:
Accounts payable	55	50
Other current liabilities	118	111
Long-term liabilities:
Long-term debt and finance lease obligations	546	611
Other long-term liabilities	$ 16	$ 12

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Net sales	$ 2,373	$ 1,463
Operating costs and expenses:
Cost of materials and other	1,887	1,369
Direct operating expenses (exclusive of depreciation and amortization)	160	136
Depreciation and amortization	65	63
Cost of sales	2,112	1,568
Selling, general and administrative expenses (exclusive of depreciation and amortization)	39	27
Depreciation and amortization	2	3
Operating income (loss)	220	(135)
Other (expense) income:
Interest expense, net	(24)	(31)
Investment income on marketable securities	0	62
Other (expense) income, net	(9)	7
Income (loss) before income tax expense	187	(97)
Income tax expense (benefit)	34	(42)
Net income (loss)	153	(55)
Less: Net income (loss) attributable to noncontrolling interest	59	(16)
Net income (loss) attributable to CVR Energy stockholders	$ 94	$ (39)
Basic earnings (loss) per share (in dollars per share)	$ 0.93	$ (0.39)
Diluted earnings (loss) per share (in dollars per share)	$ 0.93	$ (0.39)
Weighted-average common shares outstanding:
Basic (in shares)	100.5	100.5
Diluted (in shares)	100.5	100.5

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Millions	Total	Total CVR Stockholders’ Equity	$0.01 Par Value Common Stock	Additional Paid-In Capital	Accumulated Deficit	Treasury Stock	Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2020			100,629,209
Beginning balance at Dec. 31, 2020	$ 1,219	$ 1,019	$ 1	$ 1,510	$ (490)	$ (2)	$ 200
Increase (Decrease) in Stockholders' Equity
Changes in equity due to CVR Partners’ common unit repurchases	(1)						(1)
Other	1	1			1
Net income	(55)	(39)			(39)		(16)
Ending balance (in shares) at Mar. 31, 2021			100,629,209
Ending balance at Mar. 31, 2021	1,164	981	$ 1	1,510	(528)	(2)	183
Beginning balance (in shares) at Dec. 31, 2021			100,629,209
Beginning balance at Dec. 31, 2021	770	553	$ 1	1,510	(956)	(2)	217
Increase (Decrease) in Stockholders' Equity
Distributions from CVR Partners to its public unitholders	(36)						(36)
Changes in equity due to CVR Partners’ common unit repurchases	(11)	(2)		(2)			(9)
Other	0	(1)			(1)		1
Net income	153	94			94		59
Ending balance (in shares) at Mar. 31, 2022			100,629,209
Ending balance at Mar. 31, 2022	$ 876	$ 644	$ 1	$ 1,508	$ (863)	$ (2)	$ 232

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net income (loss)	$ 153	$ (55)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	67	66
Gain on marketable securities	0	(62)
Deferred income taxes	(4)	(77)
Loss on extinguishment of debt	1	0
Share-based compensation	25	8
(Gain) loss on derivatives, net	(6)	43
Other items	2	2
Changes in assets and liabilities:
Current assets and liabilities	83	175
Non-current assets and liabilities	1	(4)
Net cash provided by operating activities	322	96
Cash flows from investing activities:
Capital expenditures	(26)	(34)
Turnaround expenditures	(15)	(1)
Acquisition of pipeline assets	0	(20)
Proceeds from sale of assets	0	1
Net cash used in investing activities	(41)	(54)
Cash flows from financing activities:
Principal payments on senior secured notes	(65)	0
Repurchase of common units by CVR Partners	(12)	(1)
Distributions to CVR Partners’ noncontrolling interest holders	(36)	0
Other financing activities	(2)	(1)
Net cash used in financing activities	(115)	(2)
Net increase in cash and cash equivalents and restricted cash	166	40
Cash, cash equivalents and restricted cash, beginning of period	517	674
Cash, cash equivalents and restricted cash, end of period	$ 683	$ 714

Organization and Nature of Busi

Organization and Nature of Business	3 Months Ended
	Mar. 31, 2022
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 stock as of March 31, 2022. CVR Partners, LP Interest Holders - As of March 31, 2022, public common unitholders held approximately 63% of CVR Partners’ outstanding common units and CVR Services, LLC (“CVR Services”), a wholly owned subsidiary of CVR Energy, held approximately 37% of CVR Partners’ outstanding common units. In addition, CVR Services held 100% of the interests in CVR Partners’ general partner, CVR GP, LLC (“CVR GP”), which held a non-economic general partner interest in CVR Partners as of March 31, 2022. 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. Unit Repurchase Program - On May 6, 2020, CVR Partners announced that the board of directors of its general partner (the “UAN GP Board”), on behalf of CVR Partners, authorized a common unit repurchase program (the “Unit Repurchase Program”), which was increased on February 22, 2021. The Unit Repurchase Program, as increased, authorized CVR Partners to repurchase up to $20 million of its common units. During the three months ended March 31, 2022 and 2021, CVR Partners repurchased 111,695 and 24,378 common units, respectively, on the open market in accordance with a repurchase agreement under Rules 10b5-1 and 10b-18 of the Securities Exchange Act of 1934, as amended, at a cost of $12 million and $1 million, respectively, exclusive of transaction costs, or an average price of $110.98 and $21.69 per common unit, respectively. As of March 31, 2022, CVR Partners, considering all repurchases made since inception of the Unit Repurchase Program, had a nominal amount in authority remaining under the Unit Repurchase Program. This Unit Repurchase Program does not obligate CVR Partners to repurchase any common units and may be cancelled or terminated by the UAN GP Board at any time. As a result of these repurchases, and the resulting change in CVR Energy’s ownership of CVR Partners while maintaining control, CVR Energy recognized a decrease of $2 million to additional paid-in capital from the reduction of non-controlling interests totaling $3 million and a related reduction of a deferred tax liability totaling $1 million from changes in its book versus tax basis in CVR Partners as of March 31, 2022. CVR Energy recognized a nominal increase to additional paid-in capital from the non-cash reduction of non-controlling interests totaling $0.1 million and the recognition of a deferred tax liability totaling $0.1 million from changes in its book versus tax basis in CVR Partners as of December 31, 2021.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2022
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 (“SEC”). These condensed consolidated financial statements should be read in conjunction with the December 31, 2021 audited consolidated financial statements and notes thereto included in CVR Energy’s Annual Report on Form 10-K for the year ended December 31, 2021 (the “2021 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 financial statements for prior periods to conform with 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, 2022 or any other interim or annual period.

Recent Accounting Pronouncement

Recent Accounting Pronouncements and Accounting Changes	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Recent Accounting Pronouncements and Accounting Changes	(3) Recent Accounting Pronouncements and Accounting Changes Recent Accounting Pronouncements - New Accounting Standards Issued But Not Yet Implemented In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2020-04, Reference Rate Reform (Topic 848). This ASU was issued because, by the end of 2022, 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. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848), which clarifies certain optional expedients and exceptions for contract modifications and hedge accounting. 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 of adopting this new accounting standard, but does not currently expect it to have a material impact on its consolidated financial statements and related disclosures.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2022
Inventory Disclosure [Abstract]
Inventories	(4) Inventories Inventories consisted of the following: (in millions) March 31, 2022 December 31, 2021 Finished goods $ 256 $ 215 Raw materials 295 177 In-process inventories 51 20 Parts, supplies and other 81 72 Total inventories $ 683 $ 484

Property, Plant and Equipment

Property, Plant and Equipment	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	(5) Property, Plant and Equipment Property, plant and equipment consisted of the following: (in millions) March 31, 2022 December 31, 2021 Machinery and equipment $ 4,046 $ 4,033 Buildings and improvements 89 88 ROU finance leases 81 81 Land and improvements 71 71 Furniture and fixtures 37 37 Construction in progress 178 142 Other 14 15 4,516 4,467 Less: Accumulated depreciation and amortization (2,247) (2,194) Total property, plant and equipment, net $ 2,269 $ 2,273 On February 1, 2021, the Company completed a pipeline acquisition for total consideration of $23 million, which is accounted for as a business combination under Accounting Standards Codification (“ASC”) 805. An intangible asset of $3 million was recognized in Other long-term assets related to acquired contracts that will be amortized in less than three years. The accounting for the business combination was finalized during January 2022. As of March 31, 2022, the Company had not identified the existence of an impairment indicator for our long-lived asset groups as outlined under ASC 360.

Leases

Leases	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Leases	(6) 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 March 31, 2022 and December 31, 2021 The following tables summarize the right-of-use (“ROU”) asset and lease liability balances for the Company’s operating and finance leases at March 31, 2022 and December 31, 2021: March 31, 2022 December 31, 2021 (in millions) Operating Leases Finance Leases Operating Leases Finance Leases ROU assets, net Pipeline and storage $ 16 $ 22 $ 17 $ 23 Railcars 5 — 6 — Real estate and other 13 17 14 18 Lease liability Pipelines and storage $ 17 $ 34 $ 17 $ 35 Railcars 5 — 6 — Real estate and other 13 19 14 19 Lease Expense Summary for the Three Months Ended March 31, 2022 and 2021 We recognize lease expense on a straight-line basis over the lease term and short-term lease expense within Direct operating expenses (exclusive of depreciation and amortization). For the three months ended March 31, 2022 and 2021, we recognized lease expense comprised of the following components: Three Months Ended (in millions) 2022 2021 Operating lease expense $ 4 $ 4 Finance lease expense: Amortization of ROU asset $ 2 $ 2 Interest expense on lease liability 1 1 Short-term lease expense $ 2 $ 2 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: March 31, 2022 December 31, 2021 Operating Leases Finance Leases Operating Leases Finance Leases Weighted-average remaining lease term 4.1 years 7.0 years 4.1 years 7.2 years Weighted-average discount rate 5.3 % 9.0 % 5.4 % 9.0 % Maturities of Lease Liabilities The following summarizes the remaining minimum lease payments through maturity of the Company’s lease liabilities at March 31, 2022: (in millions) Operating Leases Finance Leases Remainder of 2022 $ 11 $ 9 2023 12 10 2024 8 10 2025 3 10 2026 1 10 Thereafter 4 23 Total lease payments 39 72 Less: imputed interest (4) (19) Total lease liability $ 35 $ 53 On February 21, 2022, Coffeyville Resources Nitrogen Fertilizers, LLC (“CRNF”), a wholly owned subsidiary of CVR Partners, entered into the First Amendment to the On-Site Product Supply Agreement with Messer LLC (“Messer”), which amended the July 31, 2020 On-Site Product Supply Agreement (as amended, 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 CRNF’s purchase of oxygen, nitrogen, and dry air from Messer does not meet the definition of a lease under FASB ASC Topic 842, Leases (“Topic 842”), as CRNF does not expect to receive substantially all of the output of Messer’s on-site production from its air separation unit over the life of the Messer Agreement. The Messer Agreement also obligates Messer to install a new oxygen storage vessel, related equipment and infrastructure (“Oxygen Storage Vessel” or “Vessel”) to be used solely by the Coffeyville Fertilizer Facility. The arrangement for the use of the Oxygen Storage Vessel meets the definition of a lease under Topic 842, as CRNF will receive all output associated with the Vessel. Based on terms outlined in the Messer Agreement, the Company expects the lease of the Oxygen Storage Vessel to be classified as a
Leases	(6) 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 March 31, 2022 and December 31, 2021 The following tables summarize the right-of-use (“ROU”) asset and lease liability balances for the Company’s operating and finance leases at March 31, 2022 and December 31, 2021: March 31, 2022 December 31, 2021 (in millions) Operating Leases Finance Leases Operating Leases Finance Leases ROU assets, net Pipeline and storage $ 16 $ 22 $ 17 $ 23 Railcars 5 — 6 — Real estate and other 13 17 14 18 Lease liability Pipelines and storage $ 17 $ 34 $ 17 $ 35 Railcars 5 — 6 — Real estate and other 13 19 14 19 Lease Expense Summary for the Three Months Ended March 31, 2022 and 2021 We recognize lease expense on a straight-line basis over the lease term and short-term lease expense within Direct operating expenses (exclusive of depreciation and amortization). For the three months ended March 31, 2022 and 2021, we recognized lease expense comprised of the following components: Three Months Ended (in millions) 2022 2021 Operating lease expense $ 4 $ 4 Finance lease expense: Amortization of ROU asset $ 2 $ 2 Interest expense on lease liability 1 1 Short-term lease expense $ 2 $ 2 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: March 31, 2022 December 31, 2021 Operating Leases Finance Leases Operating Leases Finance Leases Weighted-average remaining lease term 4.1 years 7.0 years 4.1 years 7.2 years Weighted-average discount rate 5.3 % 9.0 % 5.4 % 9.0 % Maturities of Lease Liabilities The following summarizes the remaining minimum lease payments through maturity of the Company’s lease liabilities at March 31, 2022: (in millions) Operating Leases Finance Leases Remainder of 2022 $ 11 $ 9 2023 12 10 2024 8 10 2025 3 10 2026 1 10 Thereafter 4 23 Total lease payments 39 72 Less: imputed interest (4) (19) Total lease liability $ 35 $ 53 On February 21, 2022, Coffeyville Resources Nitrogen Fertilizers, LLC (“CRNF”), a wholly owned subsidiary of CVR Partners, entered into the First Amendment to the On-Site Product Supply Agreement with Messer LLC (“Messer”), which amended the July 31, 2020 On-Site Product Supply Agreement (as amended, 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 CRNF’s purchase of oxygen, nitrogen, and dry air from Messer does not meet the definition of a lease under FASB ASC Topic 842, Leases (“Topic 842”), as CRNF does not expect to receive substantially all of the output of Messer’s on-site production from its air separation unit over the life of the Messer Agreement. The Messer Agreement also obligates Messer to install a new oxygen storage vessel, related equipment and infrastructure (“Oxygen Storage Vessel” or “Vessel”) to be used solely by the Coffeyville Fertilizer Facility. The arrangement for the use of the Oxygen Storage Vessel meets the definition of a lease under Topic 842, as CRNF will receive all output associated with the Vessel. Based on terms outlined in the Messer Agreement, the Company expects the lease of the Oxygen Storage Vessel to be classified as a

Other Current Liabilities

Other Current Liabilities	3 Months Ended
	Mar. 31, 2022
Other Liabilities Disclosure [Abstract]
Other Current Liabilities	(7) Other Current Liabilities Other current liabilities were as follows: (in millions) March 31, 2022 December 31, 2021 Accrued Renewable Fuel Standards (“RFS”) obligation $ 585 $ 494 Deferred revenue 81 87 Accrued taxes other than income taxes 41 45 Share-based compensation 30 15 Personnel accruals 28 46 Accrued interest 19 24 Operating lease liabilities 12 13 Accrued income taxes 11 — Current portion of long-term debt and finance lease obligations 6 6 Accrued derivatives — 2 Other accrued expenses and liabilities 30 15 Total other current liabilities $ 843 $ 747

Long-Term Debt and Finance Leas

Long-Term Debt and Finance Lease Obligations	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Long-Term Debt and Finance Lease Obligations	(8) Long-Term Debt and Finance Lease Obligations Long-term debt and finance lease obligations consist of the following: (in millions) March 31, 2022 December 31, 2021 CVR Partners: 9.25% Senior Secured Notes, due June 2023 (1) $ — $ 65 6.125% Senior Secured Notes, due June 2028 550 550 Unamortized discount and debt issuance costs (4) (4) Total CVR Partners debt, net of current portion $ 546 $ 611 CVR Refining: Finance lease obligations, net of current portion (2) 47 48 Total CVR Refining debt, net of current portion $ 47 $ 48 CVR Energy: 5.25% Senior Notes, due February 2025 $ 600 $ 600 5.75% Senior Notes, due February 2028 400 400 Unamortized debt issuance costs (4) (5) Total CVR Energy debt 996 995 Total long-term debt and finance lease obligations, net of current portion $ 1,589 $ 1,654 Current portion of long-term debt and finance lease obligations (2) 6 6 Total long-term debt and finance lease obligations, including current portion $ 1,595 $ 1,660 (1) The $65 million outstanding balance of the 9.25% Senior Secured Notes, due June 2023 (the “2023 UAN Notes”) was paid in full on February 22, 2022 at par, plus accrued and unpaid interest. (2) Current portion of finance lease obligations recognized was approximately $6 million as of March 31, 2022 and December 31, 2021. The current amounts are reported in Other current liabilities. Credit Agreements (in millions) Total Available Borrowing Capacity Amount Borrowed as of March 31, 2022 Outstanding Letters of Credit Available Capacity as of March 31, 2022 Maturity Date CVR Partners: Asset Based (“Nitrogen Fertilizer ABL”) Credit Agreement (1) $ 35 $ — $ — $ 35 September 30, 2024 CVR Refining: Amended and Restated Asset Based (“Petroleum ABL”) Credit Agreement (2) $ 400 $ — $ 29 $ 371 November 14, 2022 (1) Beginning September 30, 2021, loans under the Nitrogen Fertilizer ABL bear interest at an annual rate equal to, at the option of the borrowers, (i) (a) 1.615% plus the daily simple Secured Overnight Financing Rate (“SOFR”) or (b) 0.615% plus a base rate, if CVR Partners’ quarterly excess availability is greater than or equal to 75%, (ii) (a) 1.865% plus SOFR or (b) 0.865% plus a base rate, if CVR Partners’ quarterly excess availability is greater than or equal to 50% but less than 75%, or (iii) (a) 2.115% plus SOFR or (b) 1.115% plus a base rate, otherwise. (2) Loans under the Petroleum ABL bear interest at an annual rate equal to (i) (a) 1.50% plus LIBOR, to the extent available, or (b) 0.50% plus a base rate, if CVR Refining’s quarterly excess availability is greater than 50%, and (ii) (a) 1.75% plus LIBOR, to the extent available, or (b) 0.75% plus a base rate, otherwise. CVR Partners 2023 UAN Notes - On February 22, 2022, CVR Partners redeemed all of the outstanding 2023 UAN Notes at par and settled accrued and unpaid interest of approximately $1 million through the date of redemption. As a result of this transaction, CVR Partners recognized a loss on extinguishment of debt of $1 million, which includes the write-off of unamortized deferred financing costs and discount of less than $1 million each. CVR Refining Petroleum ABL - On April 12, 2022, in connection with our Petroleum ABL, a new wholly owned subsidiary of CVR Energy, CVR Renewables, LLC (“CVR Renew”), delivered to Wells Fargo Bank, National Association, as administrative agent and collateral agent for the secured parties, a Joinder Agreement pursuant to which CVR Renew became a borrower for all purposes under the Petroleum ABL and other Credit Documents (as defined in the Petroleum ABL). CVR Energy 2025 Notes and 2028 Notes - On April 12, 2022, in connection with our 5.25% Senior Notes, due 2025 (the “2025 Notes”) and the 5.75% Senior Notes, due 2028 (the “2028 Notes” and together with the 2025 Notes, the “Notes”), issued pursuant to the Indenture dated January 27, 2020, among CVR Energy, the subsidiary guarantors listed therein (collectively, the “Guarantors”), and Wells Fargo Bank, National Association, as trustee (the “Trustee”), CVR Renew, the Guarantors, and the Trustee executed and delivered a Supplemental Indenture pursuant to which CVR Renew unconditionally guaranteed all of the Company’s obligations under the Notes on the terms and conditions set forth in the Note Guarantee and the Indenture. Covenant Compliance The Company and its subsidiaries were in compliance with all covenants under their respective debt instruments as of March 31, 2022.

Revenue

Revenue	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue	(9) Revenue The following tables present the Company’s revenue, disaggregated by major product. The following tables also include a reconciliation of the disaggregated revenue with the Company’s reportable segments. Three Months Ended March 31, 2022 (in millions) Petroleum Nitrogen Fertilizer Other / Elimination Consolidated Gasoline $ 1,104 $ — $ — $ 1,104 Distillates (1) 962 — — 962 Ammonia — 42 — 42 UAN — 160 — 160 Other urea products — 9 — 9 Freight revenue 4 9 — 13 Other (2) 78 3 (4) 77 Revenue from product sales 2,148 223 (4) 2,367 Crude oil sales 5 — — 5 Other revenue (2) 1 — — 1 Total revenue $ 2,154 $ 223 $ (4) $ 2,373 Three Months Ended March 31, 2021 (in millions) Petroleum Nitrogen Fertilizer Other / Elimination Consolidated Gasoline $ 750 $ — $ — $ 750 Distillates (1) 587 — — 587 Ammonia — 10 — 10 UAN — 38 — 38 Other urea products — 5 — 5 Freight revenue 5 6 — 11 Other (2) 32 2 (2) 32 Revenue from product sales 1,374 61 (2) 1,433 Crude oil sales 29 — — 29 Other revenue (2) 1 — — 1 Total revenue $ 1,404 $ 61 $ (2) $ 1,463 (1) Distillates consist primarily of diesel fuel, kerosene, and jet fuel. (2) Other revenue consists primarily of feedstock, asphalt sales, and pipeline and processing fees. Transaction Price Allocated to Remaining Performance Obligations As of March 31, 2022, the Nitrogen Fertilizer Segment had approximately $10 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 $6 million of these performance obligations as revenue by the end of 2022, an additional $4 million in 2023, and a nominal amount thereafter. 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. A summary of the Nitrogen Fertilizer Segment’s deferred revenue activity during the three months ended March 31, 2022 is presented below: (in millions) Balance at December 31, 2021 $ 87 Add: New prepay contracts entered into during the period (1) 15 Less: Revenue recognized that was included in the contract liability balance at the beginning of the period (17) Revenue recognized related to contracts entered into during the period (4) Balance at March 31, 2022 $ 81 (1) Includes $14 million where payment associated with prepaid contracts was collected as of March 31, 2022.

Derivative Financial Instrument

Derivative Financial Instruments, Investments and Fair Value Measurements	3 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments, Investments and Fair Value Measurements	(10) 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 March 31, 2022, the Petroleum Segment had open fixed-price commitments to purchase a net 1 million RINs. Commodity derivatives include commodity swaps and forward purchase and sale commitments. There were 1 million barrels in outstanding commodity swap positions as of March 31, 2022. There were approximately 1 million barrels in forward purchase commitments and less than 1 million barrels in forward sale commitments as of March 31, 2022. The following outlines the gains (losses) 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: Three Months Ended (in millions) 2022 2021 Forward purchases and sales contracts, net $ 9 $ 18 Commodity swap instruments 2 (50) Futures contracts (9) — Total gain (loss) on derivatives, net $ 2 $ (32) 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) March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 Commodity derivatives $ 13 $ 5 $ — $ (7) Less: Counterparty netting — (5) — 5 Total net fair value of derivatives $ 13 $ — $ — $ (2) 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 income on marketable securities consists of the following: Three Months Ended (in millions) 2022 2021 Gain on marketable securities $ — $ 62 Investment income on marketable securities $ — $ 62 On January 18, 2022, the Company divested its remaining nominal investment in Delek US Holdings, Inc. (“Delek”). As of March 31, 2022, the Company did not hold any investment in Delek. 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 March 31, 2022 and December 31, 2021: March 31, 2022 (in millions) Level 1 Level 2 Level 3 Total Location and description Other current assets (commodity derivatives) $ — $ 13 $ — $ 13 Total assets $ — $ 13 $ — $ 13 Other current liabilities (RFS obligations) $ — $ (585) $ — $ (585) Long-term debt and finance lease obligations, net of current portion (long-term debt) — (1,512) — (1,512) Total liabilities $ — $ (2,097) $ — $ (2,097) December 31, 2021 (in millions) Level 1 Level 2 Level 3 Total Location and description Other current assets (commodity derivatives) $ — $ 1 $ — $ 1 Total assets $ — $ 1 $ — $ 1 Other current liabilities (commodity derivatives) $ — $ (2) $ — $ (2) Other current liabilities (RFS obligations) — (494) — (494) Long-term debt and finance lease obligations, net of current portion (long-term debt) — (1,620) — (1,620) Total liabilities $ — $ (2,116) $ — $ (2,116) As of March 31, 2022 and December 31, 2021, the only financial assets and liabilities that are measured at fair value on a recurring basis are the Company’s investments, derivative instruments, long-term debt, and the RFS obligations. The estimated fair value of cash equivalents, including amounts invested in short-term money market funds, and restricted cash approximate their carrying amounts. The Petroleum Segment’s commodity derivative contracts and RFS obligation, which use fair value measurements and are valued using broker quoted market prices of similar instruments, are considered Level 2 inputs. The Company had no transfers of assets or liabilities between any of the above levels during the three months ended March 31, 2022.

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	(11) Share-Based Compensation A summary of compensation expense during the three months ended March 31, 2022 and 2021 is presented below: Three Months Ended (in millions) 2022 2021 Performance Unit Awards $ — $ (3) CVR Partners - Phantom Unit Awards 14 4 Incentive Unit Awards 11 7 Total share-based compensation expense $ 25 $ 8

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	(12) Commitments and Contingencies Except as described below, there have been no material changes in the Company’s commitments and contingencies disclosed in the 2021 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, the Russia-Ukraine conflict, or ongoing 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 March 31, 2022, 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 Effective on August 4, 2021, an indirect, wholly owned subsidiary of CVR Refining entered into the Second Amended and Restated Crude Oil Supply Agreement (the “2021 Supply Agreement”) with Vitol Inc. (“Vitol”) which superseded, in its entirety, the August 31, 2012 Amended and Restated Crude Oil Supply Agreement (the “2012 Supply Agreement” and collectively with the 2021 Supply Agreement, the “Crude Oil Supply Agreement”) between the parties. The 2021 Supply Agreement is on substantially similar terms as the 2012 Supply Agreement, other than revisions to certain inventory turnover and insurance provisions. 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), were approximately 39% and 37% for the three months ended March 31, 2022 and 2021, respectively. The Crude Oil Supply Agreement, which currently extends through December 31, 2022, automatically renews for successive one-year terms (each such term, a “Renewal Term”) unless either party provides the other with notice of non-renewal at least 180 days prior to expiration of the term or any Renewal Term. Renewable Fuel Standards The Company’s Petroleum Segment is subject to the RFS, implemented by the Environmental Protection Agency (the “EPA”), which requires refiners to either blend renewable fuels into 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 must either purchase RINs on the open market or obtain waiver credits for cellulosic biofuels, or other exemptions from the EPA, in order to comply with the RFS. For the three months ended March 31, 2022 and 2021, the Company recognized an expense of approximately $107 million and $178 million, respectively, for the Petroleum Segment’s compliance with the RFS (based on the 2020 renewable volume obligation (“RVO”) and proposed preliminary 2021 and 2022 RVO range, for the respective periods, excluding the impacts of any exemptions or waivers to which the Petroleum Segment may be entitled). The recognized amounts are included within Cost of materials and other in the condensed consolidated statements of operations and represent costs to comply with the RFS obligation through purchasing of RINs not otherwise reduced by blending of ethanol or biodiesel. At each reporting period, to the extent RINs purchased and generated through blending are less than the RFS obligation (excluding the impact of exemptions or waivers to which the Petroleum Segment may be entitled), the remaining position is marked-to-market using RIN market prices at period end. As of March 31, 2022 and December 31, 2021, the Petroleum Segment’s RFS position was approximately $585 million and $494 million, respectively, which is recorded in Other current liabilities in the condensed consolidated balance sheets. 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 former President Trump. 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. Call Option Lawsuits – The Company continues to engage in post-trial proceedings relating to the lawsuits filed in 2019 against the Company, CVR Refining and its general partner, CVR Refining Holdings, IEP, and certain directors and affiliates (collectively, the “Call Defendants”) in the Delaware Court of Chancery 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 (“Call Option”) under the CVR Refining Amended and Restated Agreement of Limited Partnership assigned to it by CVR Refining’s general partner (collectively, the “Call Option Lawsuits”), which Call Option Lawsuits primarily allege breach of contract, tortious interference and breach of the implied covenant of good faith and fair dealing and seek monetary damages and attorneys’ fees, among other remedies. The plaintiffs filed their Opening Post-Trial Brief on December 22, 2021, now quantifying alleged damages in excess of $300 million. The Call Defendants filed their Post-Trial Answering Brief on February 22, 2022, and the plaintiffs filed their Reply Post-Trial Brief on April 1, 2022. The Call Defendants strongly dispute the plaintiffs’ claims. Accordingly, the Company cannot determine at this time the outcome of the Call Option Lawsuits. However, while we firmly believe the Call Option Lawsuits are without merit, if concluded in a manner adverse to the Company, they could have a material effect on the Company’s financial position, results of operations, or cash flows. The lawsuits relating to insurance coverage for the Call Option Lawsuits, one filed on January 27, 2021, in the 434th Judicial District Court of Fort Bend County, Texas by the Call Defendants’ primary and excess insurers (the “Insurers”) seeking a declaratory judgment determining that they owe no indemnity coverage for the Call Option Lawsuits in relation to insurance policies that have coverage limits of $50 million, and another filed on January 30, 2022, in the Superior Court of the State of Delaware by the Call Defendants against the Insurers for anticipatory breach of contract and breach of the implied covenant of good faith and fair dealing (the “Delaware Coverage Case”), remain pending, and pre-trial proceedings are in process. As both lawsuits are in their early stages, the Company cannot determine at this time the outcome of these lawsuits, including whether the outcome would have a material impact on the Company’s financial position, results of operations, or cash flows. RFS Disputes – The EPA has yet to respond to Wynnewood Refining Company, LLC’s (“WRC”) September 15, 2021, demand that the EPA return the status of WRC’s 2017 small refinery exemption (“SRE”) to “granted” following the June 25, 2021, decision of the Supreme Court of the United States overturning a decision of the 10 th Circuit Court of Appeals (the “10 th Circuit”) vacating three SREs under the RFS, including one issued to the Wynnewood Refinery for 2017, to the extent such SREs were vacated based on failure to have continuously received an SRE in all applicable preceding years, as well as the subsequent actions by the 10 th Circuit vacating its prior judgment, recalling its previous mandate denying WRC’s 2017 SRE, entering into a new judgment, issuing a new mandate transferring jurisdiction back to the EPA, and denying the EPA’s Motion for Clarification. Given the EPA’s failure to respond, we cannot currently estimate the outcome, impact or timing of resolution of this matter. On April 7, 2022, the EPA notified WRC that it was denying WRC’s SRE for 2018, despite having previously granted such SRE and despite litigation by WRC against the EPA for damages WRC sustained in connection with EPA’s failure to rule on its SRE within the time period required under the RFS. The EPA is not requiring 31 small refineries, including WRC, to purchase or redeem additional RFS credits as a result of its denial. The Company is evaluating its response to the EPA’s actions relating to WRC’s 2018 SRE. The Company continues to urge the EPA to reconsider its Proposed RFS Small Refinery Exemption Decision dated December 7, 2021 (the “Proposed Denial”), in which the EPA announced its intention to change its statutory interpretation of the Federal Clean Air Act (“CAA”) and deny 65 pending SRE petitions, including those submitted by WRC for 2019, 2020, and 2021, and expects to file litigation against the EPA should it finalize its Proposed Denial. Given the early stages of these matters, the Company cannot determine at this time the outcomes of these matters. However, while we firmly believe the EPA’s actions are unlawful and violate the RFS, and while we intend to pursue all available legal remedies, if these matters are ultimately concluded in a manner adverse to the Company, they could have a material effect on the Company’s financial position, results of operations, or cash flows. Environmental, Health, and Safety (“EHS”) Matters Clean Air Act Matter - On March 30, 2022, the United States District Court for the District of Kansas (“D. Kan.”) denied CRRM’s petition for judicial review of approximately $6.8 million in stipulated penalties (the “Stipulated Claims”) being sought by the United States (on behalf of the EPA) and the State of Kansas, through the Kansas Department of Health and Environment (“KDHE”) in connection with their allegations that CRRM violated the CAA and a 2012 Consent Decree (the “CD”) between CRRM, the United States (on behalf of the EPA) and KDHE at CRRM’s Coffeyville refinery, primarily relating to flares. CRRM previously deposited funds into a commercial escrow account relating to the Stipulated Claims, and is currently evaluating its response to this denial, including its appeal rights. The escrowed funds are legally restricted for use and are included within Prepaid expenses and other current assets on the condensed consolidated balance sheets. On March 21, 2022, CRRM filed a Motion to Dismiss certain claims in the first amended supplemental complaint filed by United States (on behalf of the EPA) and KDHE on February 17, 2022, alleging violations of the CAA, the Kansas State Implementation Plan, Kansas law, 40 C.F.R. Part 63 and CRRM’s permits relating to flares, heaters, and related matters and seeking civil penalties, injunctive and related relief (collectively, the “Statutory Claims”). CRRM’s Motion to Dismiss remains pending before the D. Kan. As negotiations and proceedings relating to the Stipulated Claims and the Statutory Claims are ongoing, the Company cannot determine at this time the outcome of these matters, including whether such outcome, or any subsequent enforcement or litigation relating thereto would have a material impact on the Company’s financial position, results of operations, or cash flows.

Business Segments

Business Segments	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Business Segments	(13) 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 (loss) and Earnings Before Interest, Taxes, Depreciation, and Amortization (“EBITDA”). For the purposes of the operating segment disclosure, the Company presents operating income (loss) 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 (in millions) 2022 2021 Net sales: Petroleum $ 2,154 $ 1,404 Nitrogen Fertilizer 223 61 Other, including intersegment eliminations (4) (2) Total net sales $ 2,373 $ 1,463 Operating income (loss): Petroleum $ 130 $ (115) Nitrogen Fertilizer 104 (14) Other, including intersegment eliminations (1) (14) (6) Total operating income (loss) 220 (135) Interest expense, net (24) (31) Investment income on marketable securities — 62 Other (expense) income, net (9) 7 Income (loss) before income tax expense $ 187 $ (97) Depreciation and amortization: Petroleum $ 46 $ 51 Nitrogen Fertilizer 19 14 Other (1) 2 1 Total depreciation and amortization $ 67 $ 66 Capital expenditures: (2) Petroleum $ 19 $ 10 Nitrogen Fertilizer 5 3 Other (1) 26 55 Total capital expenditures $ 50 $ 68 The following table summarizes total assets by segment: (in millions) March 31, 2022 December 31, 2021 Petroleum $ 3,874 $ 3,368 Nitrogen Fertilizer 1,103 1,127 Other, including intersegment eliminations (1) (632) (589) Total assets $ 4,345 $ 3,906 (1) Other includes amounts for the Wynnewood renewable diesel unit project. (2) Capital expenditures are shown exclusive of capitalized turnaround expenditures and business combinations.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	3 Months Ended
	Mar. 31, 2022
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	(14) Supplemental Cash Flow Information Cash flows related to income taxes, interest, leases, capital expenditures and deferred financing costs included in accounts payable, and non-cash dividends were as follows: Three Months Ended (in millions) 2022 2021 Supplemental disclosures: Cash paid for interest $ 30 $ 29 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 4 $ 4 Operating cash flows from finance leases 1 1 Financing cash flows from finance leases 1 1 Non-cash investing and financing activities: Change in capital expenditures included in accounts payable (1) $ 24 $ 34 Change in turnaround expenditures included in accounts payable 49 — (1) Capital expenditures are shown exclusive of capitalized turnaround expenditures. Cash, cash equivalents and restricted cash consisted of the following: (in millions) March 31, 2022 December 31, 2021 Cash and cash equivalents $ 676 $ 510 Restricted cash (1) 7 7 Cash, cash equivalents and restricted cash $ 683 $ 517 (1) 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	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	(15) Related Party Transactions Activity associated with the Company’s related party arrangements for the three months ended March 31, 2022 and 2021 is summarized below: Expenses from Related Parties Three Months Ended (in millions) 2022 2021 Cost of materials and other: Enable Joint Venture Transportation Agreement $ 2 $ 3 Corporate Master Service Agreement On April 12, 2022, in connection with our Corporate Master Service Agreement effective January 1, 2020, by and among our wholly owned subsidiary, CVR Services, and certain other of our subsidiaries, including but not limited to CVR Partners and its subsidiaries, pursuant to which CVR Services provides the service recipients thereunder with management and other professional services (the “Corporate MSA”), 18 indirect, wholly owned subsidiaries of CVR Energy, including but not limited to CVR Renew, were joined as service recipients under the Corporate MSA. Dividends to CVR Energy Stockholders Dividends, if any, including the payment, amount and timing thereof, are determined in the discretion of CVR Energy’s board of directors (the “Board”). IEP, through its ownership of the Company’s common stock, is entitled to receive dividends that are declared and paid by the Company based on the number of shares held at each record date. No dividends were declared or paid during the first quarter of 2022 related to the fourth quarter of 2021, and there were no quarterly dividends declared or paid during 2021 related to the first, second, and third quarters of 2021 and fourth quarter of 2020. On May 26, 2021, the Company announced a special dividend of approximately $492 million, or equivalent to $4.89 per share of the Company’s common stock, to be paid in a combination of cash (the “Cash Distribution”) and the common stock of Delek held by the Company (the “Stock Distribution”). On June 10, 2021, the Company distributed an aggregate amount of approximately $241 million, or $2.40 per share of the Company’s common stock, pursuant to the Cash Distribution, and approximately 10,539,880 shares of Delek common stock, which represented approximately 14.3% of the outstanding shares of Delek common stock, pursuant to the Stock Distribution. IEP received approximately 7,464,652 shares of common stock of Delek and $171 million in cash. The Stock Distribution was recorded as a reduction to equity through a derecognition of our investment in Delek, and the Company recognized a gain of $112 million from the initial investment in Delek through the date of the Stock Distribution. For the first quarter of 2022, the Company, upon approval by the Company’s Board of Directors on May 2, 2022, declared a cash dividend of $0.40 per share, or $40 million, which is payable May 23, 2022 to shareholders of record as of May 13, 2022. Of this amount, IEP will receive $28 million due to its ownership interest in the Company’s shares. 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. The following table presents distributions paid by CVR Partners to its unitholders, including amounts received by the Company, during 2022 and 2021 (amounts presented in tables below may not add to totals presented due to rounding). Distributions Paid (in millions) Related Period Date Paid Distributions Public CVR Energy Total 2021 - 4th Quarter March 14, 2022 $ 5.24 $ 36 $ 20 $ 56 Distributions Paid (in millions) Related Period Date Paid Distributions Public CVR Energy Total 2021 - 2nd Quarter August 23, 2021 $ 1.72 $ 11 $ 7 $ 18 2021 - 3rd Quarter November 22, 2021 2.93 20 11 31 Total distributions $ 4.65 $ 31 $ 18 $ 50 There were no distributions declared or paid by CVR Partners related to the first quarter of 2021 and fourth quarter of 2020. For the first quarter of 2022, CVR Partners, upon approval by the UAN GP Board on May 2, 2022, declared a distribution of $2.26 per common unit, or $24 million, which is payable May 23, 2022 to unitholders of record as of May 13, 2022. Of this amount, CVR Energy will receive approximately $9 million, with the remaining amount payable to public unitholders.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2022
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 (“SEC”). These condensed consolidated financial statements should be read in conjunction with the December 31, 2021 audited consolidated financial statements and notes thereto included in CVR Energy’s Annual Report on Form 10-K for the year ended December 31, 2021 (the “2021 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 financial statements for prior periods to conform with 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, 2022 or any other interim or annual period.
Recent Accounting Pronouncements	Recent Accounting Pronouncements - New Accounting Standards Issued But Not Yet Implemented In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2020-04, Reference Rate Reform (Topic 848). This ASU was issued because, by the end of 2022, 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. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848), which clarifies certain optional expedients and exceptions for contract modifications and hedge accounting. 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 of adopting this new accounting standard, but does not currently expect it to have a material impact on its consolidated financial statements and related disclosures.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2022
Inventory Disclosure [Abstract]
Schedule of components of inventories	Inventories consisted of the following: (in millions) March 31, 2022 December 31, 2021 Finished goods $ 256 $ 215 Raw materials 295 177 In-process inventories 51 20 Parts, supplies and other 81 72 Total inventories $ 683 $ 484

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Summary of property, plant and equipment	Property, plant and equipment consisted of the following: (in millions) March 31, 2022 December 31, 2021 Machinery and equipment $ 4,046 $ 4,033 Buildings and improvements 89 88 ROU finance leases 81 81 Land and improvements 71 71 Furniture and fixtures 37 37 Construction in progress 178 142 Other 14 15 4,516 4,467 Less: Accumulated depreciation and amortization (2,247) (2,194) Total property, plant and equipment, net $ 2,269 $ 2,273

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2022
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 (“ROU”) asset and lease liability balances for the Company’s operating and finance leases at March 31, 2022 and December 31, 2021: March 31, 2022 December 31, 2021 (in millions) Operating Leases Finance Leases Operating Leases Finance Leases ROU assets, net Pipeline and storage $ 16 $ 22 $ 17 $ 23 Railcars 5 — 6 — Real estate and other 13 17 14 18 Lease liability Pipelines and storage $ 17 $ 34 $ 17 $ 35 Railcars 5 — 6 — Real estate and other 13 19 14 19
Lease expense, lease terms, and discount rates	For the three months ended March 31, 2022 and 2021, we recognized lease expense comprised of the following components: Three Months Ended (in millions) 2022 2021 Operating lease expense $ 4 $ 4 Finance lease expense: Amortization of ROU asset $ 2 $ 2 Interest expense on lease liability 1 1 Short-term lease expense $ 2 $ 2 The following outlines the remaining lease terms and discount rates used in the measurement of the Company’s ROU assets and liabilities: March 31, 2022 December 31, 2021 Operating Leases Finance Leases Operating Leases Finance Leases Weighted-average remaining lease term 4.1 years 7.0 years 4.1 years 7.2 years Weighted-average discount rate 5.3 % 9.0 % 5.4 % 9.0 %
Summary of remaining minimum lease payments for operating leases	The following summarizes the remaining minimum lease payments through maturity of the Company’s lease liabilities at March 31, 2022: (in millions) Operating Leases Finance Leases Remainder of 2022 $ 11 $ 9 2023 12 10 2024 8 10 2025 3 10 2026 1 10 Thereafter 4 23 Total lease payments 39 72 Less: imputed interest (4) (19) Total lease liability $ 35 $ 53
Summary of remaining minimum lease payments for finance leases	The following summarizes the remaining minimum lease payments through maturity of the Company’s lease liabilities at March 31, 2022: (in millions) Operating Leases Finance Leases Remainder of 2022 $ 11 $ 9 2023 12 10 2024 8 10 2025 3 10 2026 1 10 Thereafter 4 23 Total lease payments 39 72 Less: imputed interest (4) (19) Total lease liability $ 35 $ 53

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	3 Months Ended
	Mar. 31, 2022
Other Liabilities Disclosure [Abstract]
Summary of other current liabilities	Other current liabilities were as follows: (in millions) March 31, 2022 December 31, 2021 Accrued Renewable Fuel Standards (“RFS”) obligation $ 585 $ 494 Deferred revenue 81 87 Accrued taxes other than income taxes 41 45 Share-based compensation 30 15 Personnel accruals 28 46 Accrued interest 19 24 Operating lease liabilities 12 13 Accrued income taxes 11 — Current portion of long-term debt and finance lease obligations 6 6 Accrued derivatives — 2 Other accrued expenses and liabilities 30 15 Total other current liabilities $ 843 $ 747

Long-Term Debt and Finance Le_2

Long-Term Debt and Finance Lease Obligations (Tables)	3 Months Ended
	Mar. 31, 2022
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) March 31, 2022 December 31, 2021 CVR Partners: 9.25% Senior Secured Notes, due June 2023 (1) $ — $ 65 6.125% Senior Secured Notes, due June 2028 550 550 Unamortized discount and debt issuance costs (4) (4) Total CVR Partners debt, net of current portion $ 546 $ 611 CVR Refining: Finance lease obligations, net of current portion (2) 47 48 Total CVR Refining debt, net of current portion $ 47 $ 48 CVR Energy: 5.25% Senior Notes, due February 2025 $ 600 $ 600 5.75% Senior Notes, due February 2028 400 400 Unamortized debt issuance costs (4) (5) Total CVR Energy debt 996 995 Total long-term debt and finance lease obligations, net of current portion $ 1,589 $ 1,654 Current portion of long-term debt and finance lease obligations (2) 6 6 Total long-term debt and finance lease obligations, including current portion $ 1,595 $ 1,660 (1) The $65 million outstanding balance of the 9.25% Senior Secured Notes, due June 2023 (the “2023 UAN Notes”) was paid in full on February 22, 2022 at par, plus accrued and unpaid interest. (2) Current portion of finance lease obligations recognized was approximately $6 million as of March 31, 2022 and December 31, 2021. The current amounts are reported in Other current liabilities. Credit Agreements (in millions) Total Available Borrowing Capacity Amount Borrowed as of March 31, 2022 Outstanding Letters of Credit Available Capacity as of March 31, 2022 Maturity Date CVR Partners: Asset Based (“Nitrogen Fertilizer ABL”) Credit Agreement (1) $ 35 $ — $ — $ 35 September 30, 2024 CVR Refining: Amended and Restated Asset Based (“Petroleum ABL”) Credit Agreement (2) $ 400 $ — $ 29 $ 371 November 14, 2022 (1) Beginning September 30, 2021, loans under the Nitrogen Fertilizer ABL bear interest at an annual rate equal to, at the option of the borrowers, (i) (a) 1.615% plus the daily simple Secured Overnight Financing Rate (“SOFR”) or (b) 0.615% plus a base rate, if CVR Partners’ quarterly excess availability is greater than or equal to 75%, (ii) (a) 1.865% plus SOFR or (b) 0.865% plus a base rate, if CVR Partners’ quarterly excess availability is greater than or equal to 50% but less than 75%, or (iii) (a) 2.115% plus SOFR or (b) 1.115% plus a base rate, otherwise. (2) Loans under the Petroleum ABL bear interest at an annual rate equal to (i) (a) 1.50% plus LIBOR, to the extent available, or (b) 0.50% plus a base rate, if CVR Refining’s quarterly excess availability is greater than 50%, and (ii) (a) 1.75% plus LIBOR, to the extent available, or (b) 0.75% plus a base rate, otherwise.

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2022
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 also include a reconciliation of the disaggregated revenue with the Company’s reportable segments. Three Months Ended March 31, 2022 (in millions) Petroleum Nitrogen Fertilizer Other / Elimination Consolidated Gasoline $ 1,104 $ — $ — $ 1,104 Distillates (1) 962 — — 962 Ammonia — 42 — 42 UAN — 160 — 160 Other urea products — 9 — 9 Freight revenue 4 9 — 13 Other (2) 78 3 (4) 77 Revenue from product sales 2,148 223 (4) 2,367 Crude oil sales 5 — — 5 Other revenue (2) 1 — — 1 Total revenue $ 2,154 $ 223 $ (4) $ 2,373 Three Months Ended March 31, 2021 (in millions) Petroleum Nitrogen Fertilizer Other / Elimination Consolidated Gasoline $ 750 $ — $ — $ 750 Distillates (1) 587 — — 587 Ammonia — 10 — 10 UAN — 38 — 38 Other urea products — 5 — 5 Freight revenue 5 6 — 11 Other (2) 32 2 (2) 32 Revenue from product sales 1,374 61 (2) 1,433 Crude oil sales 29 — — 29 Other revenue (2) 1 — — 1 Total revenue $ 1,404 $ 61 $ (2) $ 1,463 (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 three months ended March 31, 2022 is presented below: (in millions) Balance at December 31, 2021 $ 87 Add: New prepay contracts entered into during the period (1) 15 Less: Revenue recognized that was included in the contract liability balance at the beginning of the period (17) Revenue recognized related to contracts entered into during the period (4) Balance at March 31, 2022 $ 81 (1) Includes $14 million where payment associated with prepaid contracts was collected as of March 31, 2022.

Derivative Financial Instrume_2

Derivative Financial Instruments, Investments and Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gain (loss) on derivatives	The following outlines the gains (losses) 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: Three Months Ended (in millions) 2022 2021 Forward purchases and sales contracts, net $ 9 $ 18 Commodity swap instruments 2 (50) Futures contracts (9) — Total gain (loss) on derivatives, net $ 2 $ (32)
Derivative offsetting assets	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) March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 Commodity derivatives $ 13 $ 5 $ — $ (7) Less: Counterparty netting — (5) — 5 Total net fair value of derivatives $ 13 $ — $ — $ (2)
Derivative offsetting liabilities	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) March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 Commodity derivatives $ 13 $ 5 $ — $ (7) Less: Counterparty netting — (5) — 5 Total net fair value of derivatives $ 13 $ — $ — $ (2)
Components of investment income on marketable securities	Investment income on marketable securities consists of the following: Three Months Ended (in millions) 2022 2021 Gain on marketable securities $ — $ 62 Investment income on marketable securities $ — $ 62
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 March 31, 2022 and December 31, 2021: March 31, 2022 (in millions) Level 1 Level 2 Level 3 Total Location and description Other current assets (commodity derivatives) $ — $ 13 $ — $ 13 Total assets $ — $ 13 $ — $ 13 Other current liabilities (RFS obligations) $ — $ (585) $ — $ (585) Long-term debt and finance lease obligations, net of current portion (long-term debt) — (1,512) — (1,512) Total liabilities $ — $ (2,097) $ — $ (2,097) December 31, 2021 (in millions) Level 1 Level 2 Level 3 Total Location and description Other current assets (commodity derivatives) $ — $ 1 $ — $ 1 Total assets $ — $ 1 $ — $ 1 Other current liabilities (commodity derivatives) $ — $ (2) $ — $ (2) Other current liabilities (RFS obligations) — (494) — (494) Long-term debt and finance lease obligations, net of current portion (long-term debt) — (1,620) — (1,620) Total liabilities $ — $ (2,116) $ — $ (2,116)

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Schedule of share-based compensation expense	A summary of compensation expense during the three months ended March 31, 2022 and 2021 is presented below: Three Months Ended (in millions) 2022 2021 Performance Unit Awards $ — $ (3) CVR Partners - Phantom Unit Awards 14 4 Incentive Unit Awards 11 7 Total share-based compensation expense $ 25 $ 8

Business Segments (Tables)

Business Segments (Tables)	3 Months Ended
	Mar. 31, 2022
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 (in millions) 2022 2021 Net sales: Petroleum $ 2,154 $ 1,404 Nitrogen Fertilizer 223 61 Other, including intersegment eliminations (4) (2) Total net sales $ 2,373 $ 1,463 Operating income (loss): Petroleum $ 130 $ (115) Nitrogen Fertilizer 104 (14) Other, including intersegment eliminations (1) (14) (6) Total operating income (loss) 220 (135) Interest expense, net (24) (31) Investment income on marketable securities — 62 Other (expense) income, net (9) 7 Income (loss) before income tax expense $ 187 $ (97) Depreciation and amortization: Petroleum $ 46 $ 51 Nitrogen Fertilizer 19 14 Other (1) 2 1 Total depreciation and amortization $ 67 $ 66 Capital expenditures: (2) Petroleum $ 19 $ 10 Nitrogen Fertilizer 5 3 Other (1) 26 55 Total capital expenditures $ 50 $ 68 The following table summarizes total assets by segment: (in millions) March 31, 2022 December 31, 2021 Petroleum $ 3,874 $ 3,368 Nitrogen Fertilizer 1,103 1,127 Other, including intersegment eliminations (1) (632) (589) Total assets $ 4,345 $ 3,906 (1) Other includes amounts for the Wynnewood renewable diesel unit project. (2) Capital expenditures are shown exclusive of capitalized turnaround expenditures and business combinations.

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	3 Months Ended
	Mar. 31, 2022
Supplemental Cash Flow Elements [Abstract]
Schedule of cash flows related to income taxes, interest, leases, capital expenditures, and deferred financing costs included in accounts payable, and non-cash dividends	Cash flows related to income taxes, interest, leases, capital expenditures and deferred financing costs included in accounts payable, and non-cash dividends were as follows: Three Months Ended (in millions) 2022 2021 Supplemental disclosures: Cash paid for interest $ 30 $ 29 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 4 $ 4 Operating cash flows from finance leases 1 1 Financing cash flows from finance leases 1 1 Non-cash investing and financing activities: Change in capital expenditures included in accounts payable (1) $ 24 $ 34 Change in turnaround expenditures included in accounts payable 49 — (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) March 31, 2022 December 31, 2021 Cash and cash equivalents $ 676 $ 510 Restricted cash (1) 7 7 Cash, cash equivalents and restricted cash $ 683 $ 517 (1) 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) March 31, 2022 December 31, 2021 Cash and cash equivalents $ 676 $ 510 Restricted cash (1) 7 7 Cash, cash equivalents and restricted cash $ 683 $ 517 (1) 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)	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
Schedule of related party transactions	Activity associated with the Company’s related party arrangements for the three months ended March 31, 2022 and 2021 is summarized below: Expenses from Related Parties Three Months Ended (in millions) 2022 2021 Cost of materials and other: Enable Joint Venture Transportation Agreement $ 2 $ 3
Summary of distributions paid	The following table presents distributions paid by CVR Partners to its unitholders, including amounts received by the Company, during 2022 and 2021 (amounts presented in tables below may not add to totals presented due to rounding). Distributions Paid (in millions) Related Period Date Paid Distributions Public CVR Energy Total 2021 - 4th Quarter March 14, 2022 $ 5.24 $ 36 $ 20 $ 56 Distributions Paid (in millions) Related Period Date Paid Distributions Public CVR Energy Total 2021 - 2nd Quarter August 23, 2021 $ 1.72 $ 11 $ 7 $ 18 2021 - 3rd Quarter November 22, 2021 2.93 20 11 31 Total distributions $ 4.65 $ 31 $ 18 $ 50

Organization and Nature of Bu_2

Organization and Nature of Business (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Organization, Consolidation, and Presentation of Financial Statements [Line Items]
Recognition of deferred tax liability from change in book versus tax basis in CVR Partners	$ 1,000,000		$ 100,000
Additional Paid-In Capital
Organization, Consolidation, and Presentation of Financial Statements [Line Items]
Noncontrolling interest, decrease (increase) from redemptions or purchase of interests	2,000,000		0
Noncontrolling Interest
Organization, Consolidation, and Presentation of Financial Statements [Line Items]
Noncontrolling interest, decrease (increase) from redemptions or purchase of interests	$ (3,000,000)		$ 100,000
CVR Partners
Organization, Consolidation, and Presentation of Financial Statements [Line Items]
Percentage of interest held by the public	63.00%
Unit Repurchase Program, authorized amount (up to)	$ 20,000,000
Common units repurchased on open market (in units)	111,695	24,378
Cost, inclusive of transaction costs, of repurchase of outstanding common units	$ 12,000,000	$ 1,000,000
Average price per common unit (in dollars per share)	$ 110.98	$ 21.69
Amount remaining under Unit Repurchase Program	$ 0
CVR Services | CVR Partners
Organization, Consolidation, and Presentation of Financial Statements [Line Items]
Percentage of common units owned by wholly-owned subsidiary	37.00%
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%

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Finished goods	$ 256	$ 215
Raw materials	295	177
In-process inventories	51	20
Parts, supplies and other	81	72
Total inventories	$ 683	$ 484

Property, Plant and Equipment -

Property, Plant and Equipment - Summary of Property, Plant, and Equipment (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Property, Plant, and Equipment
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Total property, plant and equipment, net	Total property, plant and equipment, net
ROU finance leases	$ 81	$ 81
Property, plant and equipment, gross	4,516	4,467
Less: Accumulated depreciation and amortization	(2,247)	(2,194)
Total property, plant and equipment, net	2,269	2,273
Machinery and equipment
Property, Plant, and Equipment
Property, plant and equipment, gross	4,046	4,033
Buildings and improvements
Property, Plant, and Equipment
Property, plant and equipment, gross	89	88
Land and improvements
Property, Plant, and Equipment
Property, plant and equipment, gross	71	71
Furniture and fixtures
Property, Plant, and Equipment
Property, plant and equipment, gross	37	37
Construction in progress
Property, Plant, and Equipment
Property, plant and equipment, gross	178	142
Other
Property, Plant, and Equipment
Property, plant and equipment, gross	$ 14	$ 15

Property, Plant and Equipment_2

Property, Plant and Equipment - Additional Information (Details) - USD ($) $ in Millions	Feb. 01, 2021	Mar. 31, 2022	Mar. 31, 2021
Business Acquisition [Line Items]
Total consideration for pipeline acquisition		$ 0	$ 20
Contract-Based Intangible Assets
Business Acquisition [Line Items]
Finite-lived intangible assets acquired	$ 3
Acquired finite-lived intangible assets, amortization period	3 years
Pipeline Acquisition
Business Acquisition [Line Items]
Total consideration for pipeline acquisition	$ 23

Leases - Additional Information

Leases - Additional Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Lessee, Lease, Description [Line Items]
Finance lease not yet commenced	$ 25
Minimum
Lessee, Lease, Description [Line Items]
Renewal term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Renewal term	20 years

Leases - Balance Sheet Summary

Leases - Balance Sheet Summary (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Operating Leases
Lease liability	$ 35
Finance Leases
Lease liability	53
Pipeline and storage
Operating Leases
ROU assets, net	16	$ 17
Lease liability	17	17
Finance Leases
ROU assets, net	22	23
Lease liability	34	35
Railcars
Operating Leases
ROU assets, net	5	6
Lease liability	5	6
Finance Leases
ROU assets, net	0	0
Lease liability	0	0
Real estate and other
Operating Leases
ROU assets, net	13	14
Lease liability	13	14
Finance Leases
ROU assets, net	17	18
Lease liability	$ 19	$ 19

Leases - Lease Expense (Details

Leases - Lease Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Operating lease expense	$ 4	$ 4
Finance lease expense:
Amortization of ROU asset	2	2
Interest expense on lease liability	1	1
Short-term lease expense	$ 2	$ 2

Leases - Lease Terms and Discou

Leases - Lease Terms and Discount Rates (Details)	Mar. 31, 2022	Dec. 31, 2021
Weighted-average remaining lease term
Operating Leases	4 years 1 month 6 days	4 years 1 month 6 days
Finance Leases	7 years	7 years 2 months 12 days
Weighted-average discount rate
Operating Leases	5.30%	5.40%
Finance Leases	9.00%	9.00%

Leases - Remaining Minimum Leas

Leases - Remaining Minimum Lease Payments (Details) $ in Millions	Mar. 31, 2022USD ($)
Operating Leases
Remainder of 2022	$ 11
2023	12
2024	8
2025	3
2026	1
Thereafter	4
Total lease payments	39
Less: imputed interest	(4)
Total lease liability	35
Finance Leases
Remainder of 2022	9
2023	10
2024	10
2025	10
2026	10
Thereafter	23
Total lease payments	72
Less: imputed interest	(19)
Total lease liability	$ 53

Other Current Liabilities (Deta

Other Current Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Accrued Renewable Fuel Standards (“RFS”) obligation	$ 585	$ 494
Personnel accruals	28	46
Accrued taxes other than income taxes	41	45
Deferred revenue	81	87
Share-based compensation	30	15
Accrued interest	$ 19	$ 24
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Total other current liabilities	Total other current liabilities
Operating lease liabilities	$ 12	$ 13
Accrued income taxes	11	0
Current portion of long-term debt and finance lease obligations	6	6
Accrued derivatives	0	2
Other accrued expenses and liabilities	30	15
Total other current liabilities	$ 843	$ 747

Long-Term Debt and Finance Le_3

Long-Term Debt and Finance Lease Obligations - Schedule of Long-term Debt (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Total long-term debt and finance lease obligations, net of current portion	Total long-term debt and finance lease obligations, net of current portion
Total long-term debt and finance lease obligations, net of current portion	$ 1,589	$ 1,654
Current portion of long-term debt and finance lease obligations	6	6
Total long-term debt and finance lease obligations, including current portion	1,595	1,660
CVR Energy
Debt Instrument [Line Items]
Unamortized discount and debt issuance costs	(4)	(5)
Total debt, net of current portion	$ 996	995
Senior Notes | CVR Energy | 5.25% Senior Notes, due February 2025
Debt Instrument [Line Items]
Stated interest rate	5.25%
Total long-term debt, net of current portion, before finance lease obligations, debt issuance costs and discount	$ 600	600
Senior Notes | CVR Energy | 5.75% Senior Notes, due February 2028
Debt Instrument [Line Items]
Stated interest rate	5.75%
Total long-term debt, net of current portion, before finance lease obligations, debt issuance costs and discount	$ 400	400
CVR Partners
Debt Instrument [Line Items]
Unamortized discount and debt issuance costs	(4)	(4)
Total debt, net of current portion	$ 546	$ 611
CVR Partners | Senior Notes | 9.25% Senior Secured Notes, due June 2023
Debt Instrument [Line Items]
Stated interest rate	9.25%	9.25%
Total long-term debt, net of current portion, before finance lease obligations, debt issuance costs and discount	$ 0	$ 65
CVR Partners | Senior Notes | 6.125% Senior Secured Notes, due June 2028
Debt Instrument [Line Items]
Stated interest rate	6.125%
Total long-term debt, net of current portion, before finance lease obligations, debt issuance costs and discount	$ 550	550
CVR Refining
Debt Instrument [Line Items]
Finance lease obligations, net of current portion	47	48
Total long-term debt and finance lease obligations, net of current portion	47	48
Current portion of finance lease obligations	$ 6	$ 6

Long-Term Debt and Finance Le_4

Long-Term Debt and Finance Lease Obligations - Credit Agreement (Details) - Line of Credit - Revolving Credit Facility $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2022USD ($)	Mar. 31, 2022USD ($)
CVR Partners | Asset Based (Nitrogen Fertilizer ABL) Credit Agreement
Line of Credit Facility [Line Items]
Total Available Borrowing Capacity	$ 35	$ 35
Amount Borrowed	0	0
Outstanding Letters of Credit	0	0
Available Capacity	35	35
Aggregate principal amount of availability (up to)	35	$ 35
CVR Partners | Asset Based (Nitrogen Fertilizer ABL) Credit Agreement | SOFR | Quarterly Excess Availability Greater Than 75%
Line of Credit Facility [Line Items]
Basis spread on variable rate		1.615%
CVR Partners | Asset Based (Nitrogen Fertilizer ABL) Credit Agreement | SOFR | Quarterly Excess Availability Greater Than 50% But Less Than 75%
Line of Credit Facility [Line Items]
Basis spread on variable rate		1.865%
CVR Partners | Asset Based (Nitrogen Fertilizer ABL) Credit Agreement | SOFR | Quarterly Excess Availability Not Greater Than 50%
Line of Credit Facility [Line Items]
Basis spread on variable rate		2.115%
CVR Partners | Asset Based (Nitrogen Fertilizer ABL) Credit Agreement | Base Rate | Quarterly Excess Availability Greater Than 75%
Line of Credit Facility [Line Items]
Basis spread on variable rate		0.615%
CVR Partners | Asset Based (Nitrogen Fertilizer ABL) Credit Agreement | Base Rate | Quarterly Excess Availability Greater Than 50% But Less Than 75%
Line of Credit Facility [Line Items]
Basis spread on variable rate		0.865%
CVR Partners | Asset Based (Nitrogen Fertilizer ABL) Credit Agreement | Base Rate | Quarterly Excess Availability Not Greater Than 50%
Line of Credit Facility [Line Items]
Basis spread on variable rate		1.115%
CVR Refining | Amended and Restated Asset Based (Petroleum ABL) Credit Agreement
Line of Credit Facility [Line Items]
Total Available Borrowing Capacity	400	$ 400
Amount Borrowed	0	0
Outstanding Letters of Credit	29	29
Available Capacity	371	371
Aggregate principal amount of availability (up to)	$ 400	$ 400
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%
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 | 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 | LIBOR | Quarterly Excess Availability Greater Than 50%
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.50%

Long-Term Debt and Finance Le_5

Long-Term Debt and Finance Lease Obligations - Additional Information (Details) - USD ($) $ in Millions	Feb. 22, 2022	Mar. 31, 2022	Mar. 31, 2021
Debt Instrument [Line Items]
Loss on extinguishment of debt		$ 1	$ 0
CVR Partners
Debt Instrument [Line Items]
Loss on extinguishment of debt	$ 1
9.25% Senior Secured Notes, due June 2023 | Senior Notes | CVR Partners
Debt Instrument [Line Items]
Accrued interest settled upon redemption	1
Unamortized deferred financing costs	1
Unamortized discount	$ 1

Revenue - Revenue Disaggregated

Revenue - Revenue Disaggregated by Major Product (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Total revenue	$ 2,373	$ 1,463
Revenue from product sales
Disaggregation of Revenue [Line Items]
Revenue from product sales	2,367	1,433
Gasoline
Disaggregation of Revenue [Line Items]
Revenue from product sales	1,104	750
Distillates
Disaggregation of Revenue [Line Items]
Revenue from product sales	962	587
Ammonia
Disaggregation of Revenue [Line Items]
Revenue from product sales	42	10
UAN
Disaggregation of Revenue [Line Items]
Revenue from product sales	160	38
Other urea products
Disaggregation of Revenue [Line Items]
Revenue from product sales	9	5
Freight revenue
Disaggregation of Revenue [Line Items]
Revenue from product sales	13	11
Other
Disaggregation of Revenue [Line Items]
Revenue from product sales	77	32
Crude oil sales
Disaggregation of Revenue [Line Items]
Revenue from product sales	5	29
Other revenue
Disaggregation of Revenue [Line Items]
Other revenue	1	1
Operating Segments | Petroleum
Disaggregation of Revenue [Line Items]
Total revenue	2,154	1,404
Operating Segments | Petroleum | Revenue from product sales
Disaggregation of Revenue [Line Items]
Revenue from product sales	2,148	1,374
Operating Segments | Petroleum | Gasoline
Disaggregation of Revenue [Line Items]
Revenue from product sales	1,104	750
Operating Segments | Petroleum | Distillates
Disaggregation of Revenue [Line Items]
Revenue from product sales	962	587
Operating Segments | Petroleum | Ammonia
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0
Operating Segments | Petroleum | UAN
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0
Operating Segments | Petroleum | Other urea products
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0
Operating Segments | Petroleum | Freight revenue
Disaggregation of Revenue [Line Items]
Revenue from product sales	4	5
Operating Segments | Petroleum | Other
Disaggregation of Revenue [Line Items]
Revenue from product sales	78	32
Operating Segments | Petroleum | Crude oil sales
Disaggregation of Revenue [Line Items]
Revenue from product sales	5	29
Operating Segments | Petroleum | Other revenue
Disaggregation of Revenue [Line Items]
Other revenue	1	1
Operating Segments | Nitrogen Fertilizer
Disaggregation of Revenue [Line Items]
Total revenue	223	61
Operating Segments | Nitrogen Fertilizer | Revenue from product sales
Disaggregation of Revenue [Line Items]
Revenue from product sales	223	61
Operating Segments | Nitrogen Fertilizer | Gasoline
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0
Operating Segments | Nitrogen Fertilizer | Distillates
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0
Operating Segments | Nitrogen Fertilizer | Ammonia
Disaggregation of Revenue [Line Items]
Revenue from product sales	42	10
Operating Segments | Nitrogen Fertilizer | UAN
Disaggregation of Revenue [Line Items]
Revenue from product sales	160	38
Operating Segments | Nitrogen Fertilizer | Other urea products
Disaggregation of Revenue [Line Items]
Revenue from product sales	9	5
Operating Segments | Nitrogen Fertilizer | Freight revenue
Disaggregation of Revenue [Line Items]
Revenue from product sales	9	6
Operating Segments | Nitrogen Fertilizer | Other
Disaggregation of Revenue [Line Items]
Revenue from product sales	3	2
Operating Segments | Nitrogen Fertilizer | Crude oil sales
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0
Operating Segments | Nitrogen Fertilizer | Other revenue
Disaggregation of Revenue [Line Items]
Other revenue	0	0
Other / Elimination
Disaggregation of Revenue [Line Items]
Total revenue	(4)	(2)
Other / Elimination | Revenue from product sales
Disaggregation of Revenue [Line Items]
Revenue from product sales	(4)	(2)
Other / Elimination | Gasoline
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0
Other / Elimination | Distillates
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0
Other / Elimination | Ammonia
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0
Other / Elimination | UAN
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0
Other / Elimination | Other urea products
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0
Other / Elimination | Freight revenue
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0
Other / Elimination | Other
Disaggregation of Revenue [Line Items]
Revenue from product sales	(4)	(2)
Other / Elimination | Crude oil sales
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0
Other / Elimination | Other revenue
Disaggregation of Revenue [Line Items]
Other revenue	$ 0	$ 0

Revenue - Remaining Performance

Revenue - Remaining Performance Obligation (Details) - Nitrogen Fertilizer $ in Millions	Mar. 31, 2022USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 10
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 6
Remaining performance obligation, expected timing of satisfaction, period	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 4
Remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 0
Remaining performance obligation, expected timing of satisfaction, period

Revenue - Deferred Revenue (Det

Revenue - Deferred Revenue (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Change in Contract with Customer, Liability [Roll Forward]
Balance at beginning of period	$ 87
Less:
Balance at end of period	81
Prepaid contracts, payment collected	14
Nitrogen Fertilizer
Change in Contract with Customer, Liability [Roll Forward]
Balance at beginning of period	87
Add:
New prepay contracts entered into during the period	15
Less:
Revenue recognized that was included in the contract liability balance at the beginning of the period	(17)
Revenue recognized related to contracts entered into during the period	(4)
Balance at end of period	$ 81

Derivative Financial Instrume_3

Derivative Financial Instruments, Investments and Fair Value Measurements - Additional Information (Details) derivative in Millions	Mar. 31, 2022derivative
Commodity Swap Postions
Derivative [Line Items]
Outstanding positions	1
Forward Contracts | Purchase Commitments
Derivative [Line Items]
Outstanding positions	1
Forward Contracts | Sale Commitments
Derivative [Line Items]
Outstanding positions	1
RINs | Purchase Commitments
Derivative [Line Items]
Outstanding positions	1

Derivative Financial Instrume_4

Derivative Financial Instruments, Investments and Fair Value Measurements - Schedule of Gain (Loss) on Derivatives (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Total gain (loss) on derivatives, net	$ 6	$ (43)
Cost of Materials and Other
Derivative Instruments, Gain (Loss) [Line Items]
Total gain (loss) on derivatives, net	2	(32)
Forward purchases and sales contracts, net | Cost of Materials and Other
Derivative Instruments, Gain (Loss) [Line Items]
Total gain (loss) on derivatives, net	9	18
Commodity swap instruments | Cost of Materials and Other
Derivative Instruments, Gain (Loss) [Line Items]
Total gain (loss) on derivatives, net	2	(50)
Futures contracts | Cost of Materials and Other
Derivative Instruments, Gain (Loss) [Line Items]
Total gain (loss) on derivatives, net	$ (9)	$ 0

Derivative Financial Instrume_5

Derivative Financial Instruments, Investments and Fair Value Measurements - Schedule of Offsetting Assets and Liabilities (Details) - Commodity derivatives - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current Assets
Derivative Assets
Commodity derivatives	$ 13	$ 5
Less: Counterparty netting	0	(5)
Total net fair value of derivatives	13	0
Current Liabilities
Derivative Liabilities
Commodity derivatives	0	(7)
Less: Counterparty netting	0	5
Total net fair value of derivatives	$ 0	$ (2)

Derivative Financial Instrume_6

Derivative Financial Instruments, Investments and Fair Value Measurements - Components of Investment Income on Marketable Securities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gain on marketable securities	$ 0	$ 62
Investment income on marketable securities	$ 0	$ 62

Derivative Financial Instrume_7

Derivative Financial Instruments, Investments and Fair Value Measurements - Assets and Liabilities Measured at Fair Value (Details) - Recurring - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Fair value measurements
Total assets	$ 13	$ 1
Long-term debt and finance lease obligations, net of current portion (long-term debt)	(1,512)	(1,620)
Total liabilities	(2,097)	(2,116)
Commodity derivatives
Fair value measurements
Other current assets (commodity derivatives)	13	1
Other current liabilities (commodity derivatives)		(2)
RFS obligation
Fair value measurements
Other current liabilities (RFS obligations)	(585)	(494)
Level 1
Fair value measurements
Total assets	0	0
Long-term debt and finance lease obligations, net of current portion (long-term debt)	0	0
Total liabilities	0	0
Level 1 | Commodity derivatives
Fair value measurements
Other current assets (commodity derivatives)	0	0
Other current liabilities (commodity derivatives)		0
Level 1 | RFS obligation
Fair value measurements
Other current liabilities (RFS obligations)	0	0
Level 2
Fair value measurements
Total assets	13	1
Long-term debt and finance lease obligations, net of current portion (long-term debt)	(1,512)	(1,620)
Total liabilities	(2,097)	(2,116)
Level 2 | Commodity derivatives
Fair value measurements
Other current assets (commodity derivatives)	13	1
Other current liabilities (commodity derivatives)		(2)
Level 2 | RFS obligation
Fair value measurements
Other current liabilities (RFS obligations)	(585)	(494)
Level 3
Fair value measurements
Total assets	0	0
Long-term debt and finance lease obligations, net of current portion (long-term debt)	0	0
Total liabilities	0	0
Level 3 | Commodity derivatives
Fair value measurements
Other current assets (commodity derivatives)	0	0
Other current liabilities (commodity derivatives)		0
Level 3 | RFS obligation
Fair value measurements
Other current liabilities (RFS obligations)	$ 0	$ 0

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-Based Compensation
Total share-based compensation expense	$ 25	$ 8
Performance Unit Awards
Share-Based Compensation
Total share-based compensation expense	0	(3)
Incentive Unit Awards
Share-Based Compensation
Total share-based compensation expense	11	7
CVR Partners | Phantom Units Award
Share-Based Compensation
Total share-based compensation expense	$ 14	$ 4

Commitments and Contingencies -

Commitments and Contingencies - Crude Oil Supply Agreement (Details) - Crude Oil Supply Agreement	Aug. 31, 2012	Mar. 31, 2022	Mar. 31, 2021
Loss Contingencies [Line Items]
Renewal term of agreement	1 year
Notice of non-renewal 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		39.00%	37.00%

Commitments and Contingencies_2

Commitments and Contingencies - RFS (Details) - Petroleum Segment - Environmental, Health, and Safety Matters - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Loss Contingencies [Line Items]
Expense (benefit) for compliance with RFS	$ 107	$ 178
RFS obligation	$ 585		$ 494

Commitments and Contingencies_3

Commitments and Contingencies - Litigation (Details)	Apr. 07, 2022claimant	Mar. 30, 2022USD ($)	Dec. 22, 2021USD ($)	Jun. 25, 2021claimant	Jan. 27, 2021USD ($)	Dec. 07, 2021petition
CVR Energy, CVR Refining And General Partner, CVR Refining Holdings, IEP And Certain Directors And Affiliates | Call Option Lawsuits
Loss Contingencies [Line Items]
Indemnity insurance, coverage limit | $					$ 50,000,000
CVR Energy, CVR Refining And General Partner, CVR Refining Holdings, IEP And Certain Directors And Affiliates | Call Option Lawsuits | Minimum
Loss Contingencies [Line Items]
Loss contingency, value of damages sought | $			$ 300,000,000
WRC and Others | Small Refinery Exemption
Loss Contingencies [Line Items]
Number of refineries whose SREs were vacated under RFS program under the CAA | claimant				3
Number of lawsuits filed | petition						65
WRC and Others | Small Refinery Exemption | Subsequent Event
Loss Contingencies [Line Items]
Loss contingency, number of claims settled | claimant	31
WRC | Small Refinery Exemption
Loss Contingencies [Line Items]
Number of refineries whose SREs were vacated under RFS program under the CAA | claimant				1
CRRM | Environmental, Health, and Safety Matters
Loss Contingencies [Line Items]
Litigation settlement, amount awarded to other party | $		$ 6,800,000

Business Segments - Additional

Business Segments - Additional Information (Details)	3 Months Ended
	Mar. 31, 2022segment
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
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Net sales	$ 2,373	$ 1,463
Operating income (loss):	220	(135)
Interest expense, net	(24)	(31)
Investment income on marketable securities	0	62
Other (expense) income, net	(9)	7
Income (loss) before income tax expense	187	(97)
Depreciation and amortization	67	66
Capital expenditures	50	68
Total assets	4,345		$ 3,906
Operating Segments | Petroleum
Segment Reporting Information [Line Items]
Net sales	2,154	1,404
Operating income (loss):	130	(115)
Depreciation and amortization	46	51
Capital expenditures	19	10
Total assets	3,874		3,368
Operating Segments | Nitrogen Fertilizer
Segment Reporting Information [Line Items]
Net sales	223	61
Operating income (loss):	104	(14)
Depreciation and amortization	19	14
Capital expenditures	5	3
Total assets	1,103		1,127
Other, including intersegment eliminations
Segment Reporting Information [Line Items]
Net sales	(4)	(2)
Operating income (loss):	(14)	(6)
Depreciation and amortization	2	1
Capital expenditures	26	$ 55
Total assets	$ (632)		$ (589)

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information - Schedule of Cash Flows Related to Income Taxes, Interest, Leases, Capital Expenditures, and Deferred Financing Costs Included in Accounts Payable, and Non-Cash Dividends (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Supplemental disclosures:
Cash paid for interest	$ 30	$ 29
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	4	4
Operating cash flows from finance leases	1	1
Financing cash flows from finance leases	1	1
Non-cash investing and financing activities:
Change in capital expenditures included in accounts payable	24	34
Change in turnaround expenditures included in accounts payable	$ 49	$ 0

Supplemental Cash Flow Inform_4

Supplemental Cash Flow Information - Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Supplemental Cash Flow Elements [Abstract]
Cash and cash equivalents	$ 676	$ 510
Restricted cash	7	7
Cash, cash equivalents and restricted cash	$ 683	$ 517	$ 714	$ 674

Related Party Transactions - Ex

Related Party Transactions - Expenses from Related Parties (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Related Party Transaction [Line Items]
Cost of materials and other	$ 1,887	$ 1,369
Enable Joint Venture Transportation Agreement | Joint Venture Transportation Agreement
Related Party Transaction [Line Items]
Cost of materials and other	$ 2	$ 3

Related Party Transactions - Co

Related Party Transactions - Corporate Master Service Agreement (Details)	Mar. 31, 2022subsidiary
Related Party Transactions [Abstract]
Number of subsidiaries	18

Related Party Transactions - Di

Related Party Transactions - Dividends to CVR Energy Stockholders (Details) $ / shares in Units, $ in Millions	May 23, 2022USD ($)	May 02, 2022$ / shares	Jun. 10, 2021USD ($)$ / sharesshares	May 26, 2021USD ($)$ / shares	Mar. 31, 2022$ / shares	Dec. 31, 2021$ / shares
Related Party Transaction [Line Items]
Dividends declared related to quarterly results (in dollars per share) | $ / shares					$ 0	$ 0
Dividends paid related to quarterly results (in dollars per share) | $ / shares					$ 0	$ 0
Dividends declared per share (in dollars per share) | $ / shares				$ 4.89
Realized gain on investment			$ 112
Subsequent Event
Related Party Transaction [Line Items]
Dividends declared per share (in dollars per share) | $ / shares		$ 0.40
Dividends, cash	$ 40
IEP Energy LLC
Related Party Transaction [Line Items]
Proceeds from dividends received			171
IEP Energy LLC | Subsequent Event
Related Party Transaction [Line Items]
Proceeds from dividends received	$ 28
Delek
Related Party Transaction [Line Items]
Special dividend				$ 492
Dividends Paid			$ 241
Dividend per share (in dollars per share) | $ / shares			$ 2.40
Dividends paid to CVR Energy stockholders (in shares) | shares			10,539,880
Outstanding shares of common stock, percent			0.143
Delek | IEP Energy LLC
Related Party Transaction [Line Items]
Common stock dividends, shares received (in shares) | shares			7,464,652

Related Party Transactions - _2

Related Party Transactions - Distributions to CVR Partners' Unitholders (Details) - USD ($) $ / shares in Units, $ in Millions	May 23, 2022	May 02, 2022	Mar. 14, 2022	Nov. 22, 2021	Aug. 23, 2021	Mar. 31, 2022	Dec. 31, 2021
CVR Partners
Related Party Transaction [Line Items]
Distributions paid (in dollars per share)			$ 5.24	$ 2.93	$ 1.72		$ 4.65
Distributions paid			$ 56	$ 31	$ 18		$ 50
Distributions declared related to quarterly results (in dollars per share)						$ 0
Distributions paid related to quarterly results (in dollars per share)						$ 0
CVR Partners | Subsequent Event
Related Party Transaction [Line Items]
Distributions declared (in dollars per share)		$ 2.26
Distributions declared		$ 24
CVR Partners | CVR Energy
Related Party Transaction [Line Items]
Distributions paid			20	11	7		18
CVR Partners | Public Unitholders
Related Party Transaction [Line Items]
Distributions paid			$ 36	$ 20	$ 11		$ 31
CVR Energy | Forecast
Related Party Transaction [Line Items]
Proceeds from distribution	$ 9