CVR Refining 10-Q 25 Oct 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Oct. 23, 2018
Document and Entity Information
Entity Registrant Name	CVR Refining, LP
Entity Central Index Key	1,558,785
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Units Outstanding		147,600,000
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 398	$ 174
Accounts receivable	194	169
Inventories	370	331
Prepaid expenses and other current assets	31	26
Total current assets	993	700
Property, plant, and equipment, net of accumulated depreciation	1,396	1,479
Other long-term assets	116	91
Total assets	2,505	2,270
Current liabilities:
Note payable and capital lease obligations	2	2
Accounts payable	388	307
Accrued expenses and other current liabilities	103	153
Accounts payable and accrued expenses due to affiliates	18	20
Total current liabilities	511	482
Long-term liabilities:
Long-term debt and capital lease obligations, net of current portion	537	539
Other long-term liabilities	11	2
Total long-term liabilities	548	541
Commitments and contingencies (See Note 11)
Partners’ capital	1,446	1,247
Total liabilities and partners' capital	$ 2,505	$ 2,270

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Statement [Abstract]
Net sales	$ 1,857	$ 1,386	$ 5,139	$ 4,148
Operating costs and expenses:
Cost of materials and other	1,544	1,114	4,315	3,524
Direct operating expenses (exclusive of depreciation and amortization as reflected below)	85	120	272	308
Depreciation and amortization	33	32	98	97
Cost of sales	1,662	1,266	4,685	3,929
Selling, general and administrative expenses (exclusive of depreciation and amortization as reflected below)	18	19	56	58
Depreciation and amortization	1	1	3	3
Loss on asset disposals	0	1	5	1
Operating income	176	99	390	157
Interest expense, net	(10)	(12)	(32)	(34)
Gain (loss) on derivatives, net	5	(17)	75	(5)
Other income, net	3	0	6	0
Net income	$ 174	$ 70	$ 439	$ 118
Net income per common unit – basic and diluted (in dollars per unit)	$ 1.18	$ 0.47	$ 2.97	$ 0.80
Weighted-average common units outstanding:
Basic and diluted (in units)	147.6	147.6	147.6	147.6

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities:
Net income	$ 439	$ 118
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	101	100
Share-based compensation	12	7
Other non-cash items	6	3
Income from equity method investments, net of distributions	(1)	0
Changes in assets and liabilities:
Current assets and liabilities	(48)	87
Non-current assets and liabilities	5	(1)
Net cash provided by operating activities	514	314
Cash flows from investing activities:
Capital expenditures	(50)	(66)
Other investing activities	1	(1)
Net cash used in investing activities	(49)	(67)
Cash flows from financing activities:
Distributions to common unitholders – affiliates	(181)	0
Distributions to common unitholders – non-affiliates	(58)	0
Other financing activities	(2)	(1)
Net cash used in financing activities	(241)	(1)
Net increase in cash and cash equivalents	224	246
Cash and cash equivalents, beginning of period	174	314
Cash and cash equivalents, end of period	$ 398	$ 560

Organization and Nature of Busi

Organization and Nature of Business	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Nature of Business	(1) Organization and Nature of Business CVR Refining, LP and subsidiaries (“CVR Refining” or the “Partnership”) is a refiner that does not have crude oil exploration or production operations (an “independent petroleum refiner”) and is a marketer of high value transportation fuels. The Partnership owns a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas and a complex crude oil refinery in Wynnewood, Oklahoma. During August 2018, CVR Energy, Inc. (“CVR Energy”) completed an exchange offer whereby public unitholders tendered a total of 21,625,106 CVR Refining common units in exchange for a total of 13,699,549 shares of CVR Energy common stock. As of September 30, 2018 , CVR Energy and CVR Refining Holdings, LLC (“CVR Refining Holdings”), an indirect wholly-owned subsidiary of CVR Energy, owned 100% of the Partnership’s noneconomic general partner interest and approximately 81% of the Partnership’s outstanding limited partner interests. As of September 30, 2018 , Icahn Enterprises L.P. (“IEP”) and its affiliates owned approximately 71% of CVR Energy’s outstanding shares. CVR Refining’s common units, which are listed on the New York Stock Exchange (“NYSE”), began trading on January 17, 2013 under the symbol “CVRR.” Management and Operations The Partnership is party to a services agreement pursuant to which the Partnership and its general partner obtain certain management and other services from CVR Energy. The Partnership’s general partner manages the Partnership’s activities subject to the terms and conditions specified in CVR Refining’s partnership agreement. The operations of the general partner, in its capacity as general partner, are managed by its board of directors. Actions by the general partner that are made in its individual capacity are made by CVR Refining Holdings, LLC (“CVR Refining Holdings”), a subsidiary of Coffeyville Resources, LLC (“CRLLC”), a wholly-owned subsidiary of CVR Energy, as the sole member of the Partnership’s general partner and not by the board of directors of the general partner. The members of the board of directors of the Partnership’s general partner are not elected by the Partnership’s unitholders and are not subject to re-election on a regular basis. The officers of the general partner manage the day-to-day affairs of the business. The Partnership also has agreements with a subsidiary of CVR Partners, LP (“CVR Partners”), an indirect subsidiary of CVR Energy, under which the Partnership sells petroleum coke and hydrogen to CVR Partners Coffeyville Facility. Additionally, the two parties provide feedstock and other services to one another at the Coffeyville Facility. See Note 14 ("Related Party Transactions") for further discussion.

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	(2) Basis of Presentation The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”). These condensed consolidated financial statements should be read in conjunction with the December 31, 2017 audited consolidated financial statements and notes thereto included in CVR Refining’s Annual Report on Form 10-K for the year ended December 31, 2017 , which was filed with the SEC on February 26, 2018 (the “ 2017 Form 10-K”). The condensed consolidated financial statements include certain selling, general and administrative expenses (exclusive of depreciation and amortization) and direct operating expenses (exclusive of depreciation and amortization) that CVR Energy and its affiliates incurred on behalf of and charged to the Partnership. These related party transactions are governed by the services agreement. See Note 14 ("Related Party Transactions") for additional discussion of the services agreement and billing of certain costs. In the opinion of the Partnership’s management, the accompanying condensed consolidated financial statements reflect all adjustments that are necessary to fairly present the financial position of the Partnership as of September 30, 2018 and December 31, 2017 , the results of operations of the Partnership for the three and nine month periods ended September 30, 2018 and 2017 and the cash flows of the Partnership for the nine month periods ended September 30, 2018 and 2017 . Such adjustments are of a normal recurring nature, unless otherwise disclosed. Certain information has been reclassified to present historical information in a manner consistent 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, 2018 or any other interim or annual period.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
Recent Accounting Pronouncements	(3) Recent Accounting Pronouncements Adoption of New Revenue Standard On January 1, 2018, the Partnership adopted the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers” (“ASC 606”) using the modified retrospective method applied to contracts which were not completed as of January 1, 2018. The standard was applied prospectively and the comparative information for 2017 has not been restated and continues to be reported under the accounting standards in effect for the prior period. The Partnership did not identify any material differences in its existing revenue recognition methods that require modification under the new standard and, as such, a cumulative effect adjustment of applying the standard using the modified retrospective method was not recorded. Impact on Financial Statements The Partnership identified a presentation change associated with a fee collected from certain customers that were previously recorded as a reduction to cost of materials and other. The particular fee, the Oil Spill Liability Tax, relates to taxes imposed on refineries as part of the crude oil procurement process, and is charged to certain of the Partnership’s customers on product sales and is required under the new standard to be included in the transaction price. The impact of the change in presentation was an increase of $1 million and $1 million to net sales and cost of materials and other for the three and nine months ended September 30, 2018 , respectively. New Accounting Standards Issued But Not Yet Implemented In February 2016, the FASB issued ASU No. 2016-02, “ Leases ” (“ASU 2016-02”), creating a new topic, FASB ASC Topic 842, “Leases” (“ Topic 842 ”) , which supersedes lease requirements in FASB ASC Topic 840, “Leases” . The new standard revises accounting for operating leases by a lessee, among other changes, and requires a lessee to recognize a liability related to future lease payments and an asset representing its right to use of the underlying asset for the lease term on the balance sheet. Quantitative and qualitative disclosures, including disclosures regarding significant judgments made by management, will be required. In July 2018, the FASB issued updated guidance which provides entities with an additional transition method to adopt Topic 842. Under the new transition method, an entity initially applies the new leases standard at the adoption date, versus at the beginning of the earliest period presented, and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Partnership expects to elect this transition method at the adoption date of January 1, 2019. The Partnership also plans to elect the short-term lease exception provided for in the standard and therefore will only recognize right-of-use assets and lease liabilities for leases with a term greater than one year. The Partnership continues to focus its implementation efforts on accounting policy and disclosure updates along with the system implementation necessary to meet the standard’s requirements. Based on information available to date, the Partnership estimates the operating lease right of use asset and lease liability may approximate $25 - $70 million upon adoption. This preliminary estimate of the effect on the Partnership’s Consolidated Balance Sheets as a result of implementing the standard on January 1, 2019 could differ materially depending on guidance changes from the FASB, changes in outstanding leases, final verification of the Partnership’s lease accounting estimates, and any changes in the Partnership’s plans to elect certain practical expedients. The Partnership does not expect the adoption of this standard to have a material impact on the recognition, measurement or presentation of amounts within the Condensed Consolidated Statements of Operations and the Condensed Consolidated Statements of Cash Flows. In August 2018, the FASB issued ASU 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40). This ASU addresses customer’s accounting for implementation costs incurred in a cloud computing arrangement that is a service contract and also adds certain disclosure requirements related to implementation costs incurred for internal-use software and cloud computing arrangements. The amendment aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). This standard is effective for the Partnership beginning January 1, 2020, with early adoption permitted. The amendments in this standard can be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. The Partnership is evaluating the effect of adopting this new accounting guidance on its consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820). The ASU eliminates such disclosures as the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy. Certain disclosures are required to be applied on a retrospective basis and others on a prospective basis. This standard is effective for the Partnership beginning January 1, 2020, with early adoption permitted. The Partnership is evaluating the effect of adopting this new accounting guidance, but does not expect adoption will have a material impact on the Partnership’s disclosures.

Revenue

Revenue	9 Months Ended
	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Revenue	(4) Revenue The following table presents the Partnership’s revenue disaggregated by major product. (In millions) Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 Major Product Gasoline $ 951 $ 2,558 Distillates (a) 840 2,324 Freight revenue 6 17 Other (b) 47 161 Revenue from product sales 1,844 5,060 Crude oil sales 12 75 Other revenue 1 4 Total revenue $ 1,857 $ 5,139 (a) Distillates consist primarily of diesel fuel, kerosene and jet fuel. (b) Other revenue consists primarily of feedstock and asphalt sales and Cushing, OK storage tank lease revenue. See Note 7 (Property, Plant and Equipment) for further discussion. The Partnership’s revenue from product sales is recorded upon delivery of the products to customers, which is the point at which title is transferred and the customer has assumed the risk of loss. This generally takes place as product passes into the pipeline, as a product transfer order occurs within a pipeline system, or as product enters equipment or locations supplied or designated by the customer. The Partnership has elected to apply the sales tax practical expedient, whereby qualifying excise and other taxes collected from customers and remitted to governmental authorities are not included in reported revenues. Many of the Partnership’s contracts have index-based pricing which is considered variable consideration that should be estimated in determining the transaction price. The Partnership determined that it does not need to estimate the variable consideration because the uncertainty related to the consideration is resolved on the pricing date or the date when the product is delivered. The Partnership may incur broker commissions or transportation costs prior to product transfer on some of its sales. The Partnership has elected to apply the practical expedient allowing it to expense the broker costs since the contract durations are less than a year in length. Transportation costs are accounted for as fulfillment costs and are expensed as incurred since they do not meet the requirement for capitalization. The Partnership’s contracts with its customers state the terms of the sale, including the description, quantity, and price of each product sold. Depending on the product sold, payment from customers is generally due in full within 2 to 32 days of product delivery or invoice date. The Partnership’s contracts with customers commonly include a provision which states that the Partnership will accept customer returns of off-spec product, refund the customer (or provide on-spec product), and pay for damages to any customer equipment which resulted from the off-spec product. Typically, if the customer is not satisfied with the product, the price is adjusted downward instead of the product being returned or exchanged. The Partnership has determined that product returns or refunds are very rare and will account for them as they occur. The Partnership generally provides no warranty other than the implicit promise that goods delivered are free of liens and encumbrances and meet the agreed upon specification. Freight revenue recognized by the Partnership is primarily tariff and line loss charges that are re-billed to customers to reimburse the Partnership for expenses incurred from a pipeline operator. An offsetting expense for freight is included in cost of materials and other. Transaction price allocated to remaining performance obligations As of September 30, 2018 , approximately $41 million of revenue from remaining performance obligations is expected to be recognized from a contract with an initial duration of greater than one year. The Partnership will recognize revenue ratably each month through 2036 as the take-or-pay obligations under the Hydrogen Purchase and Sale Agreement are satisfied or expire. The Partnership does not disclose variable consideration related to index-based or market-based pricing as it qualifies for the variable consideration allocation exception under the new revenue standard. The variable consideration relates specifically to the Partnership’s efforts to transfer each unit of product to the customer in which the pricing is directly related to the period to which the sale occurs.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	(5) Share-Based Compensation A summary of share-based compensation expense during the three and nine months ended September 30, 2018 and 2017 are presented below: Three Months Ended Nine Months Ended (In millions) 2018 2017 2018 2017 Phantom Units $ 1 $ 1 $ 8 $ 4 Other Awards (a) 2 1 4 3 Total Share-Based Compensation Expense $ 3 $ 2 $ 12 $ 7 (a) Other awards include the allocation of compensation expense for certain employees of CVR Energy who perform services for the Partnership under the services agreement with CVR Energy and participate in equity compensation plans of CVR Refining affiliates.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2018
Inventory Disclosure [Abstract]
Inventories	(6) Inventories (In millions) September 30, 2018 December 31, 2017 Raw materials and precious metals $ 133 $ 108 In-process inventories 19 22 Finished goods 175 158 Parts and supplies 43 43 Total Inventories $ 370 $ 331

Property, Plant and Equipment

Property, Plant and Equipment	9 Months Ended
	Sep. 30, 2018
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	(7) Property, Plant and Equipment (In millions) September 30, 2018 December 31, 2017 Land and improvements $ 30 $ 30 Buildings 64 64 Machinery and equipment 2,372 2,375 Other 96 79 2,562 2,548 Less: Accumulated depreciation 1,166 1,069 Total property, plant and equipment, net $ 1,396 $ 1,479 Capitalized interest recognized as a reduction in interest expense was immaterial for both of the three and nine month periods ended September 30, 2018 and 2017 . During the period, the Partnership began actively marketing assets with a carrying value of $27 million at September 30, 2018 . The carrying value of these assets held for sale were included in other long-term assets on the Partnership’s Condensed Consolidated Balance Sheets. No loss was recognized upon designation of these assets as held for sale.

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Long-Term Debt	(8) Long-Term Debt Debt Balance, Net of Current Maturities and Unamortized Issuance Costs (In millions) September 30, 2018 December 31, 2017 6.50% Senior Notes due 2022 (a) $ 500 $ 500 Capital lease obligations 43 45 Total long-term debt, before debt issuance costs and discount 543 545 Less: Unamortized debt issuance costs (4 ) (4 ) Current portion of capital lease obligations (2 ) (2 ) Total long-term debt, net of current portion $ 537 $ 539 (a) The estimated fair value of total long-term debt outstanding was approximately $508 million and $515 million as of September 30, 2018 and December 31, 2017, respectively. Credit Facilities Outstanding Total Capacity Amount Borrowed as of September 30, 2018 Outstanding Letters of Credit Available Capacity as of September 30, 2018 Maturity Date Amended and Restated Asset Based (ABL) Credit Facility (b) $ 400 $ — $ 6 $ 394 November 14, 2022 Intercompany Credit Facility (c) 150 — — 150 January 23, 2019 (b) Loans under the ABL credit facility initially bear interest at an annual rate equal to (i) 1.50% plus LIBOR or (ii) 0.50% plus a base rate, subject to quarterly excess availability. (c) The intercompany credit facility bears interest at a rate of LIBOR plus 3% per annum, payable quarterly. The Partnership is in compliance with all covenants of the ABL credit facility and the 6.50% senior notes as of September 30, 2018 .

Partners' Capital and Partnersh

Partners' Capital and Partnership Distributions	9 Months Ended
	Sep. 30, 2018
Equity [Abstract]
Partners' Capital and Partnership Distributions	(9) Partners' Capital and Partnership Distributions The Partnership had two types of partnership interests outstanding at September 30, 2018 , common units and general partner interests. General partner interests are not entitled to any distributions, and are held by the general partner. At September 30, 2018 , the Partnership had a total of 147,600,000 common units issued and outstanding, of which 97,315,764 common units were owned by CVR Refining Holdings and 21,625,106 common units were owned by CVR Energy, representing approximately 81% of the total Partnership common units outstanding. Distributions The board of directors of the Partnership’s general partner has adopted a policy for the Partnership to distribute all available cash generated on a quarterly basis. Cash distributions will be made to the common unitholders of record on the applicable record date, generally within 60 days after the end of each quarter. Available cash for distribution for each quarter will be determined by the board of directors of the general partner following the end of such quarter. The following is a summary of cash distributions paid to the Partnership’s unitholders during 2018 for the respective quarters to which the distributions relate: (In millions, except per unit data) December 31, 2017 March 31, 2018 June 30, 2018 Total Cash Distributions Paid in 2018 Amount paid to CVR Refining Holdings, LLC and affiliates $ 47 $ 52 $ 82 $ 181 Amounts paid to non-affiliates 20 23 15 58 Total amount paid $ 67 $ 75 $ 97 $ 239 Per common unit $ 0.45 $ 0.51 $ 0.66 $ 1.62 Common units outstanding 147.6 147.6 147.6 On October 24, 2018 , the board of directors of the Partnership’s general partner declared a cash distribution for the third quarter of 2018 to the Partnership’s unitholders of $0.90 per common unit, or $133 million in aggregate. The cash distribution will be paid on November 12, 2018 to unitholders of record at the close of business on November 5, 2018 .

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2018
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	(10) Supplemental Cash Flow Information Cash flows related to interest and construction in process were as follows: Nine Months Ended (In millions) 2018 2017 Supplemental disclosures: Cash paid for interest $ 24 $ 26 Non-cash investing and financing activities: Construction in process additions included in accounts payable 8 7 Change in accounts payable related to construction in process additions 1 (2 )

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	(11) Commitments and Contingencies There have been no material changes in the Partnership’s commitments and contingencies disclosed in the 2017 Form 10-K. In the ordinary course of business, the Partnership 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 Partnership accrues liabilities for these matters if the Partnership 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 Partnership believes there would be no material impact on its consolidated financial statements. Crude Oil Supply Agreement On August 31, 2012, Coffeyville Resource Refining & Marketing, LLC (“CRRM”) and Vitol Inc. (“Vitol”) entered into an Amended and Restated Crude Oil Supply Agreement (as amended, the “Vitol Agreement”). Under the Vitol Agreement, Vitol supplies the petroleum business with crude oil and intermediation logistics, which helps to reduce the Partnership’s inventory position and mitigate crude oil pricing risk. The Vitol Agreement will automatically renew for successive one -year terms (each such term, a “Renewal Term”) unless either party provides the other with notice of nonrenewal at least 180 days prior to expiration of any Renewal Term. The Vitol Agreement currently extends through December 31, 2019. Renewable Fuel Standards CVR Refining is subject to the Renewable Fuel Standard (“RFS”) of the Environmental Protection Agency (“EPA”), which requires refiners to either blend “renewable fuels” in with their transportation fuels or purchase renewable fuel credits, known as renewable identification numbers (“RINs”), in lieu of blending. Due to mandates in the RFS requiring increasing volumes of renewable fuels to replace petroleum products in the U.S. transportation fuel market, there may be a decrease in demand for petroleum products. CVR Refining is not able to blend the substantial majority of its transportation fuels and has to purchase RINs on the open market, as well as waiver credits for cellulosic biofuels from the EPA, in order to comply with the RFS. The price of RINs has been extremely volatile over several years. The cost of RINs is dependent upon a variety of factors, which include the availability of RINs for purchase, the price at which RINs can be purchased, transportation fuel production levels, the mix of CVR Refining’s petroleum products, as well as the fuel blending performed at its refineries and downstream terminals, all of which can vary significantly from period to period. The net cost of RINs for the three months ended September 30, 2018 and 2017 was $20 million and $64 million , respectively. The net cost of RINs for the nine months ended September 30, 2018 and 2017 was $47 million and $164 million , respectively. The net cost of RINs is included in cost of materials and other in the Condensed Consolidated Statements of Operations. RINs expense includes the purchased cost of RINs, the impact of recognizing the Partnership’s uncommitted biofuel blending obligation at fair value based on market prices at each reporting date and is reduced by the valuation change of RINs purchases in excess of the Partnership’s RFS obligation as of the reporting date. As of September 30, 2018 and December 31, 2017 , CVR Refining’s biofuel blending obligation was approximately $7 million and $28 million , respectively, which is recorded in accrued expenses and other current liabilities in the Condensed Consolidated Balance Sheets. The Partnership included a RINs asset within prepaid and other current assets in the Condensed Consolidated Balance Sheet of $4 million , representing excess RINs primarily due to a reduction in its RFS obligation during the first quarter of 2018. Litigation On August 21, 2018, CRRM received a letter from the United States Department of Justice (“DOJ”) on behalf of the EPA and Kansas Department of Health and Environment (“KDHE”) alleging violations of the Clean Air Act (“CAA”) and a 2012 Consent Decree between CRRM, the United States (on behalf of EPA) and KDHE at CRRM’s Coffeyville refinery. In September 2018, CRRM executed a tolling agreement with DOJ and KDHE extending time for negotiation regarding the agencies’ allegations through March 31, 2019. At this time the Partnership cannot reasonably estimate the potential penalties, costs, fines or other expenditures that may result from this matter or any subsequent enforcement or litigation relating thereto and, therefore, the Partnership cannot determine if the ultimate outcome of this matter will have a material impact on the Partnership’s financial position, results of operations or cash flows.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	(12) Fair Value Measurements In accordance with ASC Topic 820 — Fair Value Measurements and Disclosures (“ASC 820”), the Partnership 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 CVR Refining’s own assumptions in determining the fair value) The following tables set forth the assets and liabilities measured at fair value on a recurring basis, by input level, as of September 30, 2018 and December 31, 2017 : September 30, 2018 (In millions) Level 1 Level 2 Level 3 Total Commodity derivatives $ — $ (30 ) $ — $ (30 ) Biofuel blending obligation — (2 ) — (2 ) Total other current liabilities $ — $ (32 ) $ — $ (32 ) December 31, 2017 (In millions) Level 1 Level 2 Level 3 Total Commodity derivatives $ — $ (64 ) $ — $ (64 ) Biofuel blending obligation — (1 ) — (1 ) Total other current liabilities $ — $ (65 ) $ — $ (65 ) As of September 30, 2018 and December 31, 2017 , the only financial assets and liabilities that are measured at fair value on a recurring basis are CVR Refining’s derivative instruments and uncommitted biofuel blending obligation. The commodity derivative contracts and the uncommitted biofuel blending obligation, which use fair value measurements and are valued using broker quoted market prices of similar instruments, are considered Level 2 inputs. CVR Refining had no transfers of assets or liabilities between any of the above levels during the nine months ended September 30, 2018 .

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	(13) Derivative Financial Instruments CVR Refining is 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, CVR Refining from time to time enters into various commodity derivative transactions. CVR Refining does not apply hedge accounting with respect to derivative instruments held. Gains or losses related to the change in fair value and periodic settlements of these derivative instruments are classified as gain (loss) on derivatives, net in the Condensed Consolidated Statements of Operations. CVR Refining has adopted accounting standards which impose extensive record-keeping requirements in order to designate a derivative financial instrument as a hedge. CVR Refining holds derivative instruments, such as exchange-traded crude oil futures and certain 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 and upon settlement. CVR Refining enters into commodity swap contracts in order to fix the margin on a portion of future production. Additionally, CVR Refining may enter into price and basis swaps in order to fix the price on a portion of its commodity purchases and product sales. The physical volumes are not exchanged and these contracts are net settled with cash. The contract fair value of the commodity swaps is reflected on the Condensed Consolidated Balance Sheets with changes in fair value currently recognized in the Condensed Consolidated Statements of Operations. Quoted prices for similar assets or liabilities in active markets (Level 2) are considered to determine the fair values for the purpose of marking to market the hedging instruments at each period end. The fair value of the outstanding contracts at September 30, 2018 and December 31, 2017 was a net unrealized loss of $30 million and $64 million , respectively, all of which was included in other current liabilities. A change of $1.00 per barrel in the fair value of the benchmark crude or product basis would result in an increase or decrease in the related fair value of the commodity instruments and forward purchase and sale commitments of $1 million . Gain (Loss) on Derivatives Three Months Ended Nine Months Ended (In millions) 2018 2017 2018 2017 Gain (loss) on derivatives, net: Forward purchases $ 4 $ — $ 33 $ — Swaps — (17 ) 43 (5 ) Futures 1 — (1 ) — Total gain (loss) on derivatives, net $ 5 $ (17 ) $ 75 $ (5 ) Open Commodity Derivative Instruments (In millions of barrels) September 30, 2018 December 31, 2017 Commodity Swap Instruments: 2-1-1 Crack spreads — 7 Distillate Crack spreads — 4 Gasoline Crack spreads — 4 Purchase and Sale Commitments: Canadian crude oil 2 6 Offsetting Assets and Liabilities The commodity swap agreements discussed above include multiple derivative positions with a number of counterparties for which CVR Refining has entered into agreements governing the nature of the derivative transactions. Each of the counterparty agreements provides for the right to setoff each individual derivative position to arrive at the net receivable due from the counterparty or payable owed by CVR Refining. As a result of the right to setoff, CVR Refining’s recognized assets and liabilities associated with the outstanding commodity swap derivative positions have been presented net in the Condensed Consolidated Balance Sheets. The tables below outline the gross amounts of the recognized assets and liabilities and the gross amounts offset in the Condensed Consolidated Balance Sheets for the various types of open derivative positions. The offsetting assets and liabilities for CVR Refining’s derivatives as of September 30, 2018 and December 31, 2017 are recorded as current assets and current liabilities in prepaid expenses and other current assets and accrued expenses and other current liabilities, respectively, in the Condensed Consolidated Balance Sheets as follows: Derivative Assets Derivative Liabilities (In millions) September 30, 2018 December 31, 2017 September 30, 2018 December 31, 2017 Commodity Derivatives $ 5 $ 7 $ 35 $ 71 Less: Counterparty Netting (5 ) (7 ) (5 ) (7 ) Total Net Fair Value of Derivatives $ — $ — $ 30 $ 64 Commodity derivatives include commodity swaps and forward purchase and sale commitments. There were no outstanding commodity swap positions as of September 30, 2018 .

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2018
Related Party Transactions [Abstract]
Related Party Transactions	(14) Related Party Transactions A summary of activity associated with the Partnership’s related party arrangements during the three and nine month periods ended September 30, 2018 and 2017 is summarized below: Sales and Expenses with related parties Three Months Ended Nine Months Ended (In millions) Related Party 2018 2017 2018 2017 Sales Hydrogen Purchase and Sale Agreement CRNF (1) $ 1 $ 1 $ 3 $ 3 Coke Supply Agreement CRNF 1 1 2 2 Direct operating expenses (exclusive of depreciation and amortization) Services Agreement CVR Energy $ 3 $ 3 $ 8 $ 9 Selling, general and administrative expenses (exclusive of depreciation and amortization) Services Agreement CVR Energy $ 11 $ 12 $ 34 $ 36 Limited Partnership Agreement CVR Refining GP 2 2 7 7 (1) Coffeyville Resources Nitrogen Fertilizers, LLC Amounts due to and from related parties (In millions) Related Party September 30, 2018 December 31, 2017 Prepaid and Other Current Assets Feedstock and Shared Services Agreement: CRNF $ 1 $ 1 Accounts Payable Services Agreement: CVR Energy 3 3 Accrued expenses and other current liabilities Services Agreement: CVR Energy $ 9 $ 14 Intercompany Credit Facility The Partnership has an intercompany credit facility with CRLLC with a borrowing capacity of $150 million . As of September 30, 2018 , the Partnership had no borrowings outstanding under the intercompany credit facility. For both the three months ended September 30, 2018 and 2017 , the Partnership paid no interest to CRLLC. For both the nine months ended September 30, 2018 and 2017 , the Partnership paid no interest to CRLLC.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”). These condensed consolidated financial statements should be read in conjunction with the December 31, 2017 audited consolidated financial statements and notes thereto included in CVR Refining’s Annual Report on Form 10-K for the year ended December 31, 2017 , which was filed with the SEC on February 26, 2018 (the “ 2017 Form 10-K”). The condensed consolidated financial statements include certain selling, general and administrative expenses (exclusive of depreciation and amortization) and direct operating expenses (exclusive of depreciation and amortization) that CVR Energy and its affiliates incurred on behalf of and charged to the Partnership. These related party transactions are governed by the services agreement. See Note 14 ("Related Party Transactions") for additional discussion of the services agreement and billing of certain costs. In the opinion of the Partnership’s management, the accompanying condensed consolidated financial statements reflect all adjustments that are necessary to fairly present the financial position of the Partnership as of September 30, 2018 and December 31, 2017 , the results of operations of the Partnership for the three and nine month periods ended September 30, 2018 and 2017 and the cash flows of the Partnership for the nine month periods ended September 30, 2018 and 2017 . Such adjustments are of a normal recurring nature, unless otherwise disclosed. Certain information has been reclassified to present historical information in a manner consistent 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, 2018 or any other interim or annual period.
Recent Accounting Pronouncements	Adoption of New Revenue Standard On January 1, 2018, the Partnership adopted the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers” (“ASC 606”) using the modified retrospective method applied to contracts which were not completed as of January 1, 2018. The standard was applied prospectively and the comparative information for 2017 has not been restated and continues to be reported under the accounting standards in effect for the prior period. The Partnership did not identify any material differences in its existing revenue recognition methods that require modification under the new standard and, as such, a cumulative effect adjustment of applying the standard using the modified retrospective method was not recorded. Impact on Financial Statements The Partnership identified a presentation change associated with a fee collected from certain customers that were previously recorded as a reduction to cost of materials and other. The particular fee, the Oil Spill Liability Tax, relates to taxes imposed on refineries as part of the crude oil procurement process, and is charged to certain of the Partnership’s customers on product sales and is required under the new standard to be included in the transaction price. The impact of the change in presentation was an increase of $1 million and $1 million to net sales and cost of materials and other for the three and nine months ended September 30, 2018 , respectively. New Accounting Standards Issued But Not Yet Implemented In February 2016, the FASB issued ASU No. 2016-02, “ Leases ” (“ASU 2016-02”), creating a new topic, FASB ASC Topic 842, “Leases” (“ Topic 842 ”) , which supersedes lease requirements in FASB ASC Topic 840, “Leases” . The new standard revises accounting for operating leases by a lessee, among other changes, and requires a lessee to recognize a liability related to future lease payments and an asset representing its right to use of the underlying asset for the lease term on the balance sheet. Quantitative and qualitative disclosures, including disclosures regarding significant judgments made by management, will be required. In July 2018, the FASB issued updated guidance which provides entities with an additional transition method to adopt Topic 842. Under the new transition method, an entity initially applies the new leases standard at the adoption date, versus at the beginning of the earliest period presented, and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Partnership expects to elect this transition method at the adoption date of January 1, 2019. The Partnership also plans to elect the short-term lease exception provided for in the standard and therefore will only recognize right-of-use assets and lease liabilities for leases with a term greater than one year. The Partnership continues to focus its implementation efforts on accounting policy and disclosure updates along with the system implementation necessary to meet the standard’s requirements. Based on information available to date, the Partnership estimates the operating lease right of use asset and lease liability may approximate $25 - $70 million upon adoption. This preliminary estimate of the effect on the Partnership’s Consolidated Balance Sheets as a result of implementing the standard on January 1, 2019 could differ materially depending on guidance changes from the FASB, changes in outstanding leases, final verification of the Partnership’s lease accounting estimates, and any changes in the Partnership’s plans to elect certain practical expedients. The Partnership does not expect the adoption of this standard to have a material impact on the recognition, measurement or presentation of amounts within the Condensed Consolidated Statements of Operations and the Condensed Consolidated Statements of Cash Flows. In August 2018, the FASB issued ASU 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40). This ASU addresses customer’s accounting for implementation costs incurred in a cloud computing arrangement that is a service contract and also adds certain disclosure requirements related to implementation costs incurred for internal-use software and cloud computing arrangements. The amendment aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). This standard is effective for the Partnership beginning January 1, 2020, with early adoption permitted. The amendments in this standard can be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. The Partnership is evaluating the effect of adopting this new accounting guidance on its consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820). The ASU eliminates such disclosures as the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy. Certain disclosures are required to be applied on a retrospective basis and others on a prospective basis. This standard is effective for the Partnership beginning January 1, 2020, with early adoption permitted. The Partnership is evaluating the effect of adopting this new accounting guidance, but does not expect adoption will have a material impact on the Partnership’s disclosures.

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Revenue disaggregated by major product	The following table presents the Partnership’s revenue disaggregated by major product. (In millions) Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 Major Product Gasoline $ 951 $ 2,558 Distillates (a) 840 2,324 Freight revenue 6 17 Other (b) 47 161 Revenue from product sales 1,844 5,060 Crude oil sales 12 75 Other revenue 1 4 Total revenue $ 1,857 $ 5,139 (a) Distillates consist primarily of diesel fuel, kerosene and jet fuel. (b) Other revenue consists primarily of feedstock and asphalt sales and Cushing, OK storage tank lease revenue. See Note 7 (Property, Plant and Equipment) for further discussion.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of share-based compensation expense	A summary of share-based compensation expense during the three and nine months ended September 30, 2018 and 2017 are presented below: Three Months Ended Nine Months Ended (In millions) 2018 2017 2018 2017 Phantom Units $ 1 $ 1 $ 8 $ 4 Other Awards (a) 2 1 4 3 Total Share-Based Compensation Expense $ 3 $ 2 $ 12 $ 7 (a) Other awards include the allocation of compensation expense for certain employees of CVR Energy who perform services for the Partnership under the services agreement with CVR Energy and participate in equity compensation plans of CVR Refining affiliates.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2018
Inventory Disclosure [Abstract]
Schedule of components of inventories	(In millions) September 30, 2018 December 31, 2017 Raw materials and precious metals $ 133 $ 108 In-process inventories 19 22 Finished goods 175 158 Parts and supplies 43 43 Total Inventories $ 370 $ 331

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	9 Months Ended
	Sep. 30, 2018
Property, Plant and Equipment [Abstract]
Schedule of property, plant and equipment	(In millions) September 30, 2018 December 31, 2017 Land and improvements $ 30 $ 30 Buildings 64 64 Machinery and equipment 2,372 2,375 Other 96 79 2,562 2,548 Less: Accumulated depreciation 1,166 1,069 Total property, plant and equipment, net $ 1,396 $ 1,479

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Schedule of long-term debt	Debt Balance, Net of Current Maturities and Unamortized Issuance Costs (In millions) September 30, 2018 December 31, 2017 6.50% Senior Notes due 2022 (a) $ 500 $ 500 Capital lease obligations 43 45 Total long-term debt, before debt issuance costs and discount 543 545 Less: Unamortized debt issuance costs (4 ) (4 ) Current portion of capital lease obligations (2 ) (2 ) Total long-term debt, net of current portion $ 537 $ 539 (a) The estimated fair value of total long-term debt outstanding was approximately $508 million and $515 million as of September 30, 2018 and December 31, 2017, respectively. Credit Facilities Outstanding Total Capacity Amount Borrowed as of September 30, 2018 Outstanding Letters of Credit Available Capacity as of September 30, 2018 Maturity Date Amended and Restated Asset Based (ABL) Credit Facility (b) $ 400 $ — $ 6 $ 394 November 14, 2022 Intercompany Credit Facility (c) 150 — — 150 January 23, 2019 (b) Loans under the ABL credit facility initially bear interest at an annual rate equal to (i) 1.50% plus LIBOR or (ii) 0.50% plus a base rate, subject to quarterly excess availability. (c) The intercompany credit facility bears interest at a rate of LIBOR plus 3% per annum, payable quarterly.

Partners' Capital and Partner_2

Partners' Capital and Partnership Distributions (Tables)	9 Months Ended
	Sep. 30, 2018
Equity [Abstract]
Summary of distributions paid	The following is a summary of cash distributions paid to the Partnership’s unitholders during 2018 for the respective quarters to which the distributions relate: (In millions, except per unit data) December 31, 2017 March 31, 2018 June 30, 2018 Total Cash Distributions Paid in 2018 Amount paid to CVR Refining Holdings, LLC and affiliates $ 47 $ 52 $ 82 $ 181 Amounts paid to non-affiliates 20 23 15 58 Total amount paid $ 67 $ 75 $ 97 $ 239 Per common unit $ 0.45 $ 0.51 $ 0.66 $ 1.62 Common units outstanding 147.6 147.6 147.6

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2018
Supplemental Cash Flow Elements [Abstract]
Schedule of cash flows related to interest and construction in process	Cash flows related to interest and construction in process were as follows: Nine Months Ended (In millions) 2018 2017 Supplemental disclosures: Cash paid for interest $ 24 $ 26 Non-cash investing and financing activities: Construction in process additions included in accounts payable 8 7 Change in accounts payable related to construction in process additions 1 (2 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Assets and liabilities measured at fair value on a recurring basis	The following tables set forth the assets and liabilities measured at fair value on a recurring basis, by input level, as of September 30, 2018 and December 31, 2017 : September 30, 2018 (In millions) Level 1 Level 2 Level 3 Total Commodity derivatives $ — $ (30 ) $ — $ (30 ) Biofuel blending obligation — (2 ) — (2 ) Total other current liabilities $ — $ (32 ) $ — $ (32 ) December 31, 2017 (In millions) Level 1 Level 2 Level 3 Total Commodity derivatives $ — $ (64 ) $ — $ (64 ) Biofuel blending obligation — (1 ) — (1 ) Total other current liabilities $ — $ (65 ) $ — $ (65 )

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of gain (loss) on derivatives	Gain (Loss) on Derivatives Three Months Ended Nine Months Ended (In millions) 2018 2017 2018 2017 Gain (loss) on derivatives, net: Forward purchases $ 4 $ — $ 33 $ — Swaps — (17 ) 43 (5 ) Futures 1 — (1 ) — Total gain (loss) on derivatives, net $ 5 $ (17 ) $ 75 $ (5 )
Schedule of open commodity derivative instruments	Open Commodity Derivative Instruments (In millions of barrels) September 30, 2018 December 31, 2017 Commodity Swap Instruments: 2-1-1 Crack spreads — 7 Distillate Crack spreads — 4 Gasoline Crack spreads — 4 Purchase and Sale Commitments: Canadian crude oil 2 6
Offsetting assets for derivatives	The offsetting assets and liabilities for CVR Refining’s derivatives as of September 30, 2018 and December 31, 2017 are recorded as current assets and current liabilities in prepaid expenses and other current assets and accrued expenses and other current liabilities, respectively, in the Condensed Consolidated Balance Sheets as follows: Derivative Assets Derivative Liabilities (In millions) September 30, 2018 December 31, 2017 September 30, 2018 December 31, 2017 Commodity Derivatives $ 5 $ 7 $ 35 $ 71 Less: Counterparty Netting (5 ) (7 ) (5 ) (7 ) Total Net Fair Value of Derivatives $ — $ — $ 30 $ 64
Offsetting liabilities for derivatives	The offsetting assets and liabilities for CVR Refining’s derivatives as of September 30, 2018 and December 31, 2017 are recorded as current assets and current liabilities in prepaid expenses and other current assets and accrued expenses and other current liabilities, respectively, in the Condensed Consolidated Balance Sheets as follows: Derivative Assets Derivative Liabilities (In millions) September 30, 2018 December 31, 2017 September 30, 2018 December 31, 2017 Commodity Derivatives $ 5 $ 7 $ 35 $ 71 Less: Counterparty Netting (5 ) (7 ) (5 ) (7 ) Total Net Fair Value of Derivatives $ — $ — $ 30 $ 64

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2018
Related Party Transactions [Abstract]
Schedule of related party transactions	A summary of activity associated with the Partnership’s related party arrangements during the three and nine month periods ended September 30, 2018 and 2017 is summarized below: Sales and Expenses with related parties Three Months Ended Nine Months Ended (In millions) Related Party 2018 2017 2018 2017 Sales Hydrogen Purchase and Sale Agreement CRNF (1) $ 1 $ 1 $ 3 $ 3 Coke Supply Agreement CRNF 1 1 2 2 Direct operating expenses (exclusive of depreciation and amortization) Services Agreement CVR Energy $ 3 $ 3 $ 8 $ 9 Selling, general and administrative expenses (exclusive of depreciation and amortization) Services Agreement CVR Energy $ 11 $ 12 $ 34 $ 36 Limited Partnership Agreement CVR Refining GP 2 2 7 7 (1) Coffeyville Resources Nitrogen Fertilizers, LLC Amounts due to and from related parties (In millions) Related Party September 30, 2018 December 31, 2017 Prepaid and Other Current Assets Feedstock and Shared Services Agreement: CRNF $ 1 $ 1 Accounts Payable Services Agreement: CVR Energy 3 3 Accrued expenses and other current liabilities Services Agreement: CVR Energy $ 9 $ 14

Organization and Nature of Bu_2

Organization and Nature of Business (Details) - shares	1 Months Ended	9 Months Ended
	Aug. 31, 2018	Sep. 30, 2018
Exchange Offer, CVR Refining Common Units for CVR Energy Common Stock
Organization, Consolidation, and Presentation of Financial Statements [Line Items]
Number of shares tendered in exchange offer (in units)	21,625,106
Exchange Offer, CVR Refining Common Units for CVR Energy Common Stock | CVR Energy
Organization, Consolidation, and Presentation of Financial Statements [Line Items]
Shares issued in exchange (in units)	13,699,549
The Partnership | CVR Energy and CVR Refining Holdings
Organization, Consolidation, and Presentation of Financial Statements [Line Items]
Ownership interest in general partner		100.00%
Limited partner interest		81.00%
CVR Energy | IEP and Affiliates
Organization, Consolidation, and Presentation of Financial Statements [Line Items]
Majority shareholder ownership interest		71.00%

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Jan. 01, 2019
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	$ 1,857	$ 1,386	$ 5,139	$ 4,148
Cost of materials and other	1,544	$ 1,114	4,315	$ 3,524
Accounting Standards Update 2016-02 | Minimum | Scenario, Forecast
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Operating lease right of use asset estimate					$ 25
Lease liability estimate					25
Accounting Standards Update 2016-02 | Maximum | Scenario, Forecast
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Operating lease right of use asset estimate					70
Lease liability estimate					$ 70
Effect of Change | Accounting Standards Update 2014-09
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	1		1
Cost of materials and other	$ 1		$ 1

Revenue - Disaggregation of Re

Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Disaggregation of Revenue [Line Items]
Total revenue	$ 1,857	$ 1,386	$ 5,139	$ 4,148
Revenue from product sales
Disaggregation of Revenue [Line Items]
Revenue from product sales	1,844		5,060
Gasoline
Disaggregation of Revenue [Line Items]
Revenue from product sales	951		2,558
Distillates
Disaggregation of Revenue [Line Items]
Revenue from product sales	840		2,324
Freight revenue
Disaggregation of Revenue [Line Items]
Revenue from product sales	6		17
Other
Disaggregation of Revenue [Line Items]
Revenue from product sales	47		161
Crude oil sales
Disaggregation of Revenue [Line Items]
Revenue from product sales	12		75
Other revenue
Disaggregation of Revenue [Line Items]
Other revenue	$ 1		$ 4

Revenue - Additional Informati

Revenue - Additional Information (Details) $ in Millions	9 Months Ended
	Sep. 30, 2018USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 41
Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Payment terms	2 days
Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Payment terms	32 days

Share-Based Compensation - Shar

Share-Based Compensation - Share-Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total Share-Based Compensation Expense	$ 3	$ 2	$ 12	$ 7
Phantom Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total Share-Based Compensation Expense	1	1	8	4
Other Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total Share-Based Compensation Expense	$ 2	$ 1	$ 4	$ 3

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Inventory Disclosure [Abstract]
Raw materials and precious metals	$ 133	$ 108
In-process inventories	19	22
Finished goods	175	158
Parts and supplies	43	43
Total Inventories	$ 370	$ 331

Property, Plant and Equipment -

Property, Plant and Equipment - Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Property, Plant, and Equipment
Total property, plant and equipment, gross	$ 2,562	$ 2,548
Less: Accumulated depreciation	1,166	1,069
Total property, plant and equipment, net	1,396	1,479
Land and improvements
Property, Plant, and Equipment
Total property, plant and equipment, gross	30	30
Buildings
Property, Plant, and Equipment
Total property, plant and equipment, gross	64	64
Machinery and equipment
Property, Plant, and Equipment
Total property, plant and equipment, gross	2,372	2,375
Other
Property, Plant, and Equipment
Total property, plant and equipment, gross	96	$ 79
Assets Held for Sale
Property, Plant, and Equipment
Carrying value of assets held for sale	$ 27

Long-Term Debt - Debt Balance,

Long-Term Debt - Debt Balance, Net of Current Maturities and Unamortized Issuance Costs (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Total long-term debt, before debt issuance costs and discount	$ 543	$ 545
Less:
Unamortized debt issuance costs	(4)	(4)
Current portion of capital lease obligations	(2)	(2)
Total long-term debt, net of current portion	537	539
Senior Notes | 6.50% Senior Notes due 2022
Debt Instrument [Line Items]
Total long-term debt, before debt issuance costs and discount	$ 500	500
Less:
Stated interest rate	6.50%
Estimated fair value of total long-term debt outstanding	$ 508	515
Capital Lease Obligations
Debt Instrument [Line Items]
Total long-term debt, before debt issuance costs and discount	$ 43	$ 45

Long-Term Debt - Credit Facilit

Long-Term Debt - Credit Facilities Outstanding (Details) - Line of Credit	9 Months Ended
	Sep. 30, 2018USD ($)
Amended and Restated Asset Based (ABL) Credit Facility
Line of Credit Facility [Line Items]
Total Capacity	$ 400,000,000
Amount Borrowed	0
Outstanding Letters of Credit	6,000,000
Available Capacity	$ 394,000,000
Amended and Restated Asset Based (ABL) Credit Facility | LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.50%
Amended and Restated Asset Based (ABL) Credit Facility | Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.50%
Intercompany Credit Facility
Line of Credit Facility [Line Items]
Total Capacity	$ 150,000,000
Amount Borrowed	0
Outstanding Letters of Credit	0
Available Capacity	$ 150,000,000
Intercompany Credit Facility | LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate	3.00%

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details)	Sep. 30, 2018
Senior Notes | 6.50% Senior Notes due 2022
Debt Instrument [Line Items]
Stated interest rate	6.50%

Partners' Capital and Partner_3

Partners' Capital and Partnership Distributions (Details) $ / shares in Units, $ in Millions	Oct. 24, 2018USD ($)$ / shares	Sep. 30, 2018partnership_interestshares
Related Party Transaction [Line Items]
Number of types of partnership interests outstanding | partnership_interest		2
Common units issued (in units)		147,600,000
Common units outstanding (in units)		147,600,000
Maximum period for common unitholder cash distributions after the end of each quarter		60 days
Subsequent Event
Related Party Transaction [Line Items]
Dividends declared (in dollars per unit) | $ / shares	$ 0.90
Dividends declared | $	$ 133
The Partnership | CVR Refining Holdings
Related Party Transaction [Line Items]
Number of issued and outstanding common units owned (in units)		97,315,764
The Partnership | CVR Energy
Related Party Transaction [Line Items]
Number of issued and outstanding common units owned (in units)		21,625,106
The Partnership | CVR Energy and CVR Refining Holdings
Related Party Transaction [Line Items]
Percentage of outstanding units owned		81.00%

Partners' Capital and Partner_4

Partners' Capital and Partnership Distributions - Summary of Cash Distributions Paid (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended			9 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2018
Related Party Transaction [Line Items]
Total amount paid	$ 97	$ 75	$ 67	$ 239
Per common unit (in dollars per unit)	$ 0.66	$ 0.51	$ 0.45	$ 1.62
Common units outstanding (in units)	147.6	147.6	147.6
Non-Affiliates
Related Party Transaction [Line Items]
Total amount paid	$ 15	$ 23	$ 20	$ 58
CVR Refining Holdings, LLC and Affiliates
Related Party Transaction [Line Items]
Total amount paid	$ 82	$ 52	$ 47	$ 181

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Supplemental disclosures:
Cash paid for interest	$ 24	$ 26
Non-cash investing and financing activities:
Construction in process additions included in accounts payable	8	7
Change in accounts payable related to construction in process additions	$ 1	$ (2)

Commitments and Contingencies -

Commitments and Contingencies - Crude Oil Supply Agreement (Details) - Vitol Agreement - CRRM	9 Months Ended
	Sep. 30, 2018
Gain Contingencies [Line Items]
Renewal term of agreement	1 year
Notice of nonrenewal period prior to expiration	180 days

Commitments and Contingencies_2

Commitments and Contingencies - Renewable Fuel Standards (Details) - EHS - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Loss Contingencies [Line Items]
Cost of renewable identification numbers expense	$ 20	$ 64	$ 47	$ 164
Biofuel blending obligation	7		7		$ 28
RINs asset	$ 4		$ 4

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Recurring - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Fair Value Measurements
Total other current liabilities	$ (32)	$ (65)
Commodity derivatives
Fair Value Measurements
Commodity derivatives	(30)	(64)
Biofuel blending obligation
Fair Value Measurements
Biofuel blending obligation	(2)	(1)
Level 1
Fair Value Measurements
Total other current liabilities	0	0
Level 1 | Commodity derivatives
Fair Value Measurements
Commodity derivatives	0	0
Level 1 | Biofuel blending obligation
Fair Value Measurements
Biofuel blending obligation	0	0
Level 2
Fair Value Measurements
Total other current liabilities	(32)	(65)
Level 2 | Commodity derivatives
Fair Value Measurements
Commodity derivatives	(30)	(64)
Level 2 | Biofuel blending obligation
Fair Value Measurements
Biofuel blending obligation	(2)	(1)
Level 3
Fair Value Measurements
Total other current liabilities	0	0
Level 3 | Commodity derivatives
Fair Value Measurements
Commodity derivatives	0	0
Level 3 | Biofuel blending obligation
Fair Value Measurements
Biofuel blending obligation	$ 0	$ 0

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Derivative [Line Items]
Increase or decrease in related fair value of commodity instruments and forward purchase and sale commitments based on change of $1.00 per barrel in fair value of benchmark crude or product basis	$ 1
Commodity Swap
Derivative [Line Items]
Net unrealized loss on fair value of outstanding contracts	$ 30	$ 64

Derivative Financial Instrume_4

Derivative Financial Instruments - Gain (Loss) on Derivatives (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Total gain (loss) on derivatives, net	$ 5	$ (17)	$ 75	$ (5)
Forward purchases
Derivative Instruments, Gain (Loss) [Line Items]
Total gain (loss) on derivatives, net	4	0	33	0
Swaps
Derivative Instruments, Gain (Loss) [Line Items]
Total gain (loss) on derivatives, net	0	(17)	43	(5)
Futures
Derivative Instruments, Gain (Loss) [Line Items]
Total gain (loss) on derivatives, net	$ 1	$ 0	$ (1)	$ 0

Derivative Financial Instrume_5

Derivative Financial Instruments - Open Commodity Derivative Instruments (Details) - bbl bbl in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
2-1-1 Crack spreads
Derivative [Line Items]
Number of barrels	0	7
Distillate Crack spreads
Derivative [Line Items]
Number of barrels	0	4
Gasoline Crack spreads
Derivative [Line Items]
Number of barrels	0	4
Canadian crude oil
Derivative [Line Items]
Number of barrels	2	6

Derivative Financial Instrume_6

Derivative Financial Instruments - Offsetting Assets and Liabilities (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Current Assets | Commodity Derivatives
Derivative Assets
Commodity Derivatives	$ 5,000,000	$ 7,000,000
Less: Counterparty Netting	(5,000,000)	(7,000,000)
Total Net Fair Value of Derivatives	0	0
Current Assets | Commodity Swap
Derivative Assets
Commodity Derivatives	0
Current Liabilities | Commodity Derivatives
Derivative Liabilities
Commodity Derivatives	35,000,000	71,000,000
Less: Counterparty Netting	(5,000,000)	(7,000,000)
Total Net Fair Value of Derivatives	$ 30,000,000	$ 64,000,000

Related Party Transactions - Re

Related Party Transactions - Related Party Sales and Expenses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Related Party Transaction [Line Items]
Sales	$ 1,857	$ 1,386	$ 5,139	$ 4,148
Direct operating expenses (exclusive of depreciation and amortization)	85	120	272	308
Selling, general and administrative expenses (exclusive of depreciation and amortization)	18	19	56	58
Hydrogen Purchase and Sale Agreement | Hydrogen | CRNF
Related Party Transaction [Line Items]
Sales	1	1	3	3
Coke Supply Agreement | Petroleum Coke | CRNF
Related Party Transaction [Line Items]
Sales	1	1	2	2
Services Agreement | CVR Energy
Related Party Transaction [Line Items]
Direct operating expenses (exclusive of depreciation and amortization)	3	3	8	9
Selling, general and administrative expenses (exclusive of depreciation and amortization)	11	12	34	36
Limited Partnership Agreement | CVR Refining GP
Related Party Transaction [Line Items]
Selling, general and administrative expenses (exclusive of depreciation and amortization)	$ 2	$ 2	$ 7	$ 7

Related Party Transactions - Am

Related Party Transactions - Amounts Due To and From Related Parties (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
CRNF | Feedstock and Shared Services Agreement
Related Party Transaction [Line Items]
Prepaid and Other Current Assets	$ 1	$ 1
CVR Energy | Services Agreement
Related Party Transaction [Line Items]
Accounts Payable	3	3
Accrued expenses and other current liabilities	$ 9	$ 14

Related Party Transactions - A

Related Party Transactions - Additional Information (Details) - Intercompany Credit Facility - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Line of Credit
Related Party Transaction [Line Items]
Borrowing capacity	$ 150,000,000		$ 150,000,000
Intercompany credit facility	0		0
CRLLC
Related Party Transaction [Line Items]
Interest paid	0	$ 0	0	$ 0
CRLLC | Line of Credit
Related Party Transaction [Line Items]
Borrowing capacity	150,000,000		150,000,000
Intercompany credit facility	$ 0		$ 0