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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2019	Apr. 23, 2019
Document and Entity Information
Entity Registrant Name	CVR ENERGY INC
Entity Central Index Key	0001376139
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
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, Shares Outstanding		100,530,599
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents (CVR Partners LP (“CVR Partners”): $97 and $62, respectively)	$ 467	$ 668
Accounts receivable (CVR Partners: $17 and $62, respectively)	193	169
Due from parent	4	4
Inventories (CVR Partners: $72 and $64, respectively)	403	380
Prepaid expenses and other current assets	58	72
Total current assets	1,125	1,293
Property, plant and equipment, net of accumulated depreciation (CVR Partners: $997 and $1,015, respectively)	2,418	2,430
Other long-term assets	331	277
Total assets	3,874	4,000
Current liabilities:
Accounts payable (CVR Partners: $23 and $27, respectively)	359	320
Other current liabilities (CVR Partners: $102 and $96, respectively)	221	176
Total current liabilities	580	496
Long-term liabilities:
Long-term debt and finance lease obligations, net of current portion (CVR Partners: $630 and $629, respectively)	1,191	1,167
Deferred income taxes	395	380
Other long-term liabilities	50	14
Total long-term liabilities	1,636	1,561
Commitments and contingencies (See Note 12)
CVR stockholders’ equity:
Common stock $0.01 par value per share, 350,000,000 shares authorized, 100,629,209 shares issued	1	1
Additional paid-in-capital	1,506	1,474
Retained deficit	(162)	(187)
Treasury stock, 98,610 shares at cost	(2)	(2)
Total CVR stockholders’ equity	1,343	1,286
Noncontrolling interest	315	657
Total equity	1,658	1,943
Total liabilities and equity	$ 3,874	$ 4,000

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 467	$ 668
Accounts receivable	193	169
Inventories	403	380
Property, plant and equipment, net of accumulated depreciation	2,418	2,430
Current liabilities:
Accounts payable	359	320
Other current liabilities	221	176
Long-term liabilities:
Long-term debt and finance lease obligations, net of current portion	$ 1,191	$ 1,167
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
CVR Partners
Current assets:
Cash and cash equivalents	$ 97	$ 62
Accounts receivable	17	62
Inventories	72	64
Property, plant and equipment, net of accumulated depreciation	997	1,015
Current liabilities:
Accounts payable	23	27
Other current liabilities	102	96
Long-term liabilities:
Long-term debt and finance lease obligations, net of current portion	$ 630	$ 629

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
Net sales	$ 1,486	$ 1,537
Operating costs and expenses:
Cost of materials and other	1,101	1,180
Direct operating expenses (exclusive of depreciation and amortization as reflected below)	126	130
Depreciation and amortization	65	64
Cost of sales	1,292	1,374
Selling, general and administrative expenses (exclusive of depreciation and amortization as reflected below)	30	24
Depreciation and amortization	2	3
Loss on asset disposals	2	0
Operating income (loss)	160	136
Other income (expense):
Interest expense, net	(26)	(27)
Other income, net	3	2
Income (loss) before income taxes	137	111
Income tax expense	35	18
Net income (loss)	102	93
Less: Net income attributable to noncontrolling interest	1	33
Net income (loss) attributable to CVR Energy stockholders	$ 101	$ 60
Basic and diluted earnings per share (in dollars per share)	$ 1.00	$ 0.69
Dividends declared per share (in dollars per share)	$ 0.75	$ 0.50
Weighted-average common shares outstanding:
Basic and diluted (in shares)	100.5	86.8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net income	$ 102	$ 93
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	67	67
Deferred income tax expense (benefit)	15	(2)
Other non-cash items	8	2
Changes in assets and liabilities:
Current assets and liabilities	34	(133)
Non-current assets and liabilities	2	(1)
Net cash provided by operating activities	228	26
Cash flows from investing activities:
Capital expenditures	(29)	(20)
Turnaround expenditures	(13)	(1)
Net cash provided by (used in) investing activities	(42)	(21)
Cash flows from financing activities:
Acquisition of CVR Refining common units	(301)	0
Dividends to CVR Energy’s stockholders	(75)	(43)
Distributions to CVR Refining or CVR Partners’ noncontrolling interest holders	(9)	(23)
Other financing activities	(2)	(1)
Net cash provided by (used in) financing activities	(387)	(67)
Net increase (decrease) in cash and cash equivalents	(201)	(62)
Cash and cash equivalents, beginning of period	668	482
Cash and cash equivalents, end of period	$ 467	$ 420

Organization and Nature of Business	3 Months Ended
Organization and Nature of Business	Mar. 31, 2019
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,” 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 “CVRR”) and 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. The Company’s operations include two business segments: the petroleum segment and the nitrogen fertilizer segment. CVR’s common stock is listed on the New York Stock Exchange (“NYSE”) under the symbol “CVI.” Icahn Enterprises L.P. (“IEP”) and its affiliates owned approximately 71% of the Company’s outstanding common shares as of March 31, 2019. CVR Refining, LP On January 17, 2019, the general partner of CVRR assigned to the Company its right to purchase all of the issued and outstanding CVRR common units not already owned by CVRR’s general partner or its affiliates. On January 29, 2019, the Company purchased all remaining CVRR common units not already owned by the Company or its affiliates for a cash purchase price of $10.50 per unit (the “Call Price”), or approximately $241 million in the aggregate (the “Public Unit Purchase”). In conjunction with the exercise of its call right for all CVRR common units not already owned by the Company or its affiliates, the Company entered into a purchase agreement with American Entertainment Properties Corporation (“AEP”) and IEP, pursuant to which, on January 29, 2019, all of the Common Units held by AEP and IEP were purchased by the Company for a cash price per unit equal to the Call Price, or approximately $60 million in the aggregate (the “Affiliate Unit Purchase” together with the Public Unit Purchase, the “CVRR Unit Purchase”). The total purchase price of $301 million was funded with approximately $105 million in borrowings under a new credit agreement entered into by the Company on January 29, 2019 with the remaining amount being funded from the Company’s cash on hand. Amounts drawn under the new credit agreement were fully repaid in February 2019. See Note 7 (“Long-Term Debt”) for further information on the credit agreement. The consolidated results of operations and financial position of CVR Refining are reflected as CVR’s petroleum segment (the “Petroleum Segment”). Following this transaction, CVRR became a wholly-owned subsidiary of the Company and therefore is no longer accounted for as a variable interest entity. Effective February 8, 2019, CVRR’s reporting obligations under the Exchange Act were suspended. Upon the closing of the CVRR Unit Purchase, the Company, and certain of the Company’s subsidiaries, executed a full and unconditional guarantee of CVRR’s senior notes due 2022 (the “2022 Senior Notes”). Pursuant to SEC regulations, the Company has elected to provide condensed consolidating financial statements in lieu of providing standalone CVRR financial statements. See Note 16 (“Guarantor Financial Information”) for further discussion and the condensed consolidating financial statements. CVR Partners, LP As of March 31, 2019, public security holders held approximately 66% of CVR Partners’ outstanding common units, and Coffeyville Resources, LLC (“CRLLC”), a wholly-owned subsidiary of CVR Energy, held approximately 34% of CVR Partners’ outstanding common units. In addition, CRLLC owns 100% of CVR Partners’ general partner, CVR GP, LLC, which holds a non-economic general partner interest. The noncontrolling interest reflected on the condensed consolidated balance sheets of CVR is impacted by the net income of, and distributions from, CVR Partners.

Basis of Presentation	3 Months Ended
Basis of Presentation	Mar. 31, 2019
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, 2018 audited consolidated financial statements and notes thereto included in CVR Energy’s Annual Report on Form 10-K for the year ended December 31, 2018, which was filed with the SEC on February 21, 2019 the (the “2018 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 to fairly present the financial position of the Company as of March 31, 2019 and December 31, 2018, the results of operations of the Company for the three month periods ended March 31, 2019 and 2018 and the cash flows of the Company for the three month periods ended March 31, 2019 and 2018. Such adjustments are of a normal recurring nature, unless otherwise disclosed. Certain reclassifications have been made within the condensed consolidated statements of operations for the three months ended March 31, 2018 to include gain (loss) on derivatives within the Cost of Materials and Other financial statement line item 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, 2019 or any other interim or annual period.

Recent Accounting Pronouncements and Accounting Changes

3 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Recent Accounting Pronouncements and Accounting Changes

(3) Recent Accounting Pronouncements and Accounting Changes

Recent Accounting Pronouncement - Adoption of New Lease Standard

In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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 a right-of-use (“ROU”) asset representing its right to use of the underlying asset for the lease term on the condensed consolidated balance sheet. The ROU asset is classified as Other long-term assets on the condensed consolidated balance sheet. The current and long-term lease liabilities are classified as Other current liabilities and Other long-term liabilities, respectively on the condensed consolidated balance sheet.

We adopted Topic 842 as of January 1, 2019, electing the option to apply the transition provisions at the adoption date instead of the earliest comparative period presented in the financial statements. In connection with the adoption of Topic 842, we made the following elections:


•	Under the short-term lease exception provided for in Topic 842, only ROU assets and related lease liabilities for leases with a term greater than one year were and will be recognized;


•	The accounting treatment for existing land easements was carried forward;


•	Lease and non-lease components were and will not be bifurcated for all of the Company’s asset groups, respectively; and


•	The portfolio approach was and will be used in the selection of the discount rate used to calculate minimum lease payments and the related ROU asset and operating lease liability amounts.

The Company’s adoption of Topic 842 resulted in the recognition of additional ROU assets and lease liabilities of approximately $56 million as of January 1, 2019, in addition to the recognition of a finance lease asset of $26 million with an obligation of $23 million. There were no impacts to our condensed consolidated statements of operations or cash flows. See Note 6 (“Leases”) for further discussion.

Accounting Change - Turnaround Expenses

Effective January 1, 2019, the Company revised its accounting policy method for the costs of planned major maintenance activities (turnarounds) specific to the Petroleum Segment from being expensed as incurred (the direct expensing method) to the deferral method. Turnarounds are planned shutdowns of refinery processing units for significant overhaul and refurbishment. Under the deferral method, the costs of turnarounds are deferred and amortized on a straight-line basis over a four-year period of time, which represents the estimated time until the next turnaround occurs. The new method of accounting for turnarounds is considered preferable as it is more consistent with the accounting policy of our peer companies and better reflects the economic substance of the benefits earned from turnaround expenditures. The condensed consolidated balance sheet for the period ended December 31, 2018 and condensed consolidated statement of operations and cash flows for the three months period ended March 31, 2018 have been retrospectively adjusted to apply the new method retrospectively. These turnaround costs, and related accumulated amortization, are included in the condensed consolidated balance sheet as Other long-term assets. The amortization expense related to turnaround costs is included in depreciation and amortization in the condensed consolidated statement of operations. CVR Partners will continue to follow the direct expensing method, therefore this change had no impact on CVR Partners’ current condensed consolidated financial statements.

The policy change for turnaround expenses retrospectively impacted the Company’s December 31, 2018 condensed consolidated balance sheet as presented in these condensed consolidated financial statements. The adoption of Topic 842 on January 1, 2019 incrementally impacted the Company’s consolidated balance sheet as of that date. The following presents the financial statement line items impacted by the turnaround accounting change and the Company’s Topic 842 adoption as of the respective dates.

Effect of Turnaround Accounting Change on Condensed Consolidated Balance Sheet as of December 31, 2018



(in millions)	As Previously Reported			Effect of Turnaround Accounting Change (Unaudited)				As Stated (Unaudited)
Property, plant and equipment, net of accumulated depreciation (CVR Partners: $997 and $1,015, respectively)	$	2,445		$	(15	)		$	2,430
Other long-term assets	169			108			(1)	277
Total assets	$	3,907		$	93			$	4,000
Long-term liabilities:
Deferred income taxes	$	362		$	18		(2)	$	380
Total long-term liabilities	1,543			18				1,561
Equity:
CVR stockholders’ equity:
Additional paid-in-capital	1,473			1				1,474
Retained deficit	(226		)	39				(187		)
Total CVR stockholders’ equity	1,246			40				1,286
Noncontrolling interest	622			35				657
Total equity	1,868			75				1,943
Total liabilities and equity	$	3,907		$	93			$	4,000

(1) This represents the capitalized turnaround asset recognized due to the turnaround policy change.

(2) This represents the increase in deferred tax liability due to the recognition of the capitalized turnaround asset.

Effect of Topic 842 Adoption on Condensed Consolidated Balance Sheet as of January 1, 2019



(in millions)	December 31, 2018 As Stated (1) (Unaudited)		Effect of Adoption of Topic 842 - Leases (Unaudited)				January 1, 2019 As Adjusted
Current assets:
Prepaid expenses and other current assets	$	72	$	(3	)	(2)	$	69
Total currents assets	1,293		(3		)		1,290
Property, plant and equipment, net of accumulated depreciation (CVR Partners: $997 and $1,015, respectively)	2,430		26			(3)	2,456
Other long-term assets	277		56			(4)	333
Total assets	$	4,000	$	79			$	4,079
Current liabilities:
Other current liabilities (CVR Partners: $102 and $96, respectively)	$	176	$	16		(5)	$	192
Total current liabilities	496		16				512
Long-term liabilities:
Long-term debt and finance lease obligations, net of current portion (CVR Partners: $630 and $629, respectively)	1,167		23			(3)	1,190
Other long-term liabilities	14		40			(5)	54
Total long-term liabilities	1,561		63				1,624
Equity:
Total liabilities and equity	$	4,000	$	79			$	4,079


(1)	Represents the retrospectively adjusted balance sheet amounts upon reflection of the turnaround accounting change prior to the adoption of Topic 842.


(2)	Represents lease prepayments reclassified to right-of-use assets.


(3)	The additional $26 million right-of-use asset and $23 million in lease liability represents a lease with a third-party that met the definition of a finance lease under ASC 842 as compared to an operating lease under ASC 840.


(4)	Represents recognition of initial right-of-use assets for operating leases, including the reclassification of certain lease prepayments as noted above.


(5)	Represents the initial recognition of lease liabilities.

Due to the retrospective adjustments for the turnaround accounting change, the condensed consolidated statement of operations and condensed consolidated statement of cash flows for the three months ended March 31, 2018 have adjusted. The impacts to previously reported amounts are shown below only for those line items impacted.

Effect of Turnaround Accounting on Condensed Consolidated Statement of Operations and Condensed Consolidated Statement of Cash Flows for Three Months Ended March 31, 2018



(in millions)	As Previously Reported			Effect of Turnaround Accounting Change (Unaudited)			As Stated
Condensed Consolidated Statement of Operations
Direct operating expenses (exclusive of depreciation and amortization as reflected below)	$	132		$	(2	)	$	130
Depreciation and amortization	49			15			64
Income tax expense	21			(3		)	18
Net income	103			(10		)	93
Less: Net income attributable to noncontrolling interest	37			(4		)	33
Net income attributable to CVR Energy stockholders	$	66		$	(6	)	$	60

Condensed Consolidated Statement of Cash Flows
Net cash provided by operating activities	$	24		$	2		$	26
Net cash used by investing activities	$	(20	)	$	(1	)	$	(21	)

New Accounting Standards Issued But Not Yet Implemented

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. The ASU is effective for the Company beginning January 1, 2020, with early adoption permitted. The Company is evaluating the effect of adopting this new accounting guidance, but does not expect adoption will have a material impact on the Company’s disclosures.

Inventories

3 Months Ended

Mar. 31, 2019

Inventory Disclosure [Abstract]

Inventories

(4) Inventories

Inventories consisted of the following:



(in millions)	March 31, 2019		December 31, 2018
Finished goods	$	184	$	186
Raw materials	103		105
In-process inventories	36		12
Parts, supplies and other	80		77
Total inventories	$	403	$	380

Property, Plant and Equipment

3 Months Ended

Mar. 31, 2019

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, 2019		December 31, 2018
Machinery and equipment	$	3,830	$	3,785
Buildings	83		82
Construction in progress	73		102
Land and improvements	44		43
Furniture and fixtures	33		33
ROU finance leases	27		—
Other	17		22
	4,107		4,067
Less: Accumulated depreciation	1,689		1,637
Total property, plant and equipment, net	$	2,418	$	2,430

At March 31, 2019, the Company continued to actively market assets with a carrying value of $33 million. The carrying value of these assets held for sale were included in other long-term assets on our Condensed Consolidated Balance Sheets. No loss had been recognized associated with these held for sale assets.

Leases

3 Months Ended

Mar. 31, 2019

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. Leases with an initial term of 12 months or less are not recorded on the balance sheet. Most leases include one or more options to renew, with renewal terms that can extend the lease term from one to 20 years or more. The exercise of lease renewal options is at our sole discretion. Certain leases also include options to purchase the leased property. The depreciable life of assets and leasehold improvements is limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise. Certain of our lease agreements include rental payments adjusted periodically for factors such as inflation. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. Additionally, we do not have any material lessor or sub-leasing arrangements.

The adoption of Topic 842 impacted our January 1, 2019 condensed consolidated balance sheet as shown below only for those line items impacted.

Effect of Initial Adoption of Topic 842 - January 1, 2019

ROU Assets. As of January 1, 2019, upon initial recognition, our ROU assets for operating and finance leases were comprised of the following:



(in millions)	January 1, 2019 (initial recognition)
Pipeline and storage agreements (1)	$	29
Railcar leases (2)	15
Real Estate and other leases (3)	35
Total ROU assets	$	79

(1) Includes finance leased assets of $1 million as of January 1, 2019.

(2) Includes $14 million of railcar leases recognized by CVR Partners.

(3) Includes finance leased assets of $25 million as of January 1, 2019.

Lease Liabilities. As of January 1, 2019, upon initial recognition, our lease liabilities for operating and finance leases were comprised of the following:



(in millions)	Consolidated Balance Sheet Classification	January 1, 2019 (initial recognition)
Current liabilities:
Operating leases	Other current liabilities	$	14
Finance leases	Other current liabilities	2
Long-term liabilities:
Operating leases	Other long-term liabilities	40
Finance leases	Long-term debt and finance lease obligations, net of current portion	23
Total lease liabilities		$	79

Balance Sheet Summary as of March 31, 2019

The following tables summarize the right of use asset and lease liability balances for the Company’s operating and finance leases at March 31, 2019:



(in millions)	March 31, 2019
Operating Leases:
ROU assets, net
Pipeline and storage	$	26
Railcars	14
Real estate and other	11
Lease liability
Pipelines and storage	$	27
Railcars	14
Real estate and other	9



(in millions)	March 31, 2019
Financing Leases:
ROU assets, net
Pipeline and storage	$	31
Real estate and other	27
Lease liability
Pipelines and storage	$	42
Real estate and other	27

Lease Expense Summary for the Three-Month Period Ended March 31, 2019

We recognize lease expense for these leases on a straight-line basis over the lease term. For the three months ended March 31, 2019, we recognized net lease expense comprised of the following components:



(in millions)	March 31, 2019
Operating lease expense	$	4
Financing lease expense:
Amortization of ROU	$	2
Interest expense on lease liability	2

Short-term lease expense, recognized within direct operating expenses, was $2 million for the three-month period ended March 31, 2019.

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, 2019		January 1, 2019
Weighted-average remaining lease term (years)
Operating Leases	4		4
Finance Leases	10		10
Weighted-average discount rate
Operating Leases	5.8	%	5.8	%
Finance Leases	9.6	%	9.8	%

Maturities of Lease Liabilities

The following summarizes the remaining minimum lease payments through maturity of the Company’s right-of-use assets and liabilities at March 31, 2019:



(in millions)	Operating Leases			Financing Leases
Remainder of 2019	$	13		$	8
2020	14			11
2021	12			11
2022	9			11
2023	6			10
Thereafter	4			53
Total lease payments	58			104
Less: imputed interest	(8		)	(35		)
Total lease liability	$	50		$	69

Leases

(6) Leases

Lease Overview

The adoption of Topic 842 impacted our January 1, 2019 condensed consolidated balance sheet as shown below only for those line items impacted.

Effect of Initial Adoption of Topic 842 - January 1, 2019

ROU Assets. As of January 1, 2019, upon initial recognition, our ROU assets for operating and finance leases were comprised of the following:



(in millions)	January 1, 2019 (initial recognition)
Pipeline and storage agreements (1)	$	29
Railcar leases (2)	15
Real Estate and other leases (3)	35
Total ROU assets	$	79

(1) Includes finance leased assets of $1 million as of January 1, 2019.

(2) Includes $14 million of railcar leases recognized by CVR Partners.

(3) Includes finance leased assets of $25 million as of January 1, 2019.

Lease Liabilities. As of January 1, 2019, upon initial recognition, our lease liabilities for operating and finance leases were comprised of the following:



(in millions)	Consolidated Balance Sheet Classification	January 1, 2019 (initial recognition)
Current liabilities:
Operating leases	Other current liabilities	$	14
Finance leases	Other current liabilities	2
Long-term liabilities:
Operating leases	Other long-term liabilities	40
Finance leases	Long-term debt and finance lease obligations, net of current portion	23
Total lease liabilities		$	79

Balance Sheet Summary as of March 31, 2019

The following tables summarize the right of use asset and lease liability balances for the Company’s operating and finance leases at March 31, 2019:



(in millions)	March 31, 2019
Operating Leases:
ROU assets, net
Pipeline and storage	$	26
Railcars	14
Real estate and other	11
Lease liability
Pipelines and storage	$	27
Railcars	14
Real estate and other	9



(in millions)	March 31, 2019
Financing Leases:
ROU assets, net
Pipeline and storage	$	31
Real estate and other	27
Lease liability
Pipelines and storage	$	42
Real estate and other	27

Lease Expense Summary for the Three-Month Period Ended March 31, 2019



(in millions)	March 31, 2019
Operating lease expense	$	4
Financing lease expense:
Amortization of ROU	$	2
Interest expense on lease liability	2

Short-term lease expense, recognized within direct operating expenses, was $2 million for the three-month period ended March 31, 2019.

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, 2019		January 1, 2019
Weighted-average remaining lease term (years)
Operating Leases	4		4
Finance Leases	10		10
Weighted-average discount rate
Operating Leases	5.8	%	5.8	%
Finance Leases	9.6	%	9.8	%

Maturities of Lease Liabilities

The following summarizes the remaining minimum lease payments through maturity of the Company’s right-of-use assets and liabilities at March 31, 2019:



(in millions)	Operating Leases			Financing Leases
Remainder of 2019	$	13		$	8
2020	14			11
2021	12			11
2022	9			11
2023	6			10
Thereafter	4			53
Total lease payments	58			104
Less: imputed interest	(8		)	(35		)
Total lease liability	$	50		$	69

Long-Term Debt

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Long-Term Debt

(7) Long-Term Debt

Long-term debt consists of the following:



(in millions)	March 31, 2019			December 31, 2018
CVR Partners:
9.25% Senior Secured Notes due 2023 (1)	$	645		$	645
6.50% Senior Notes due 2021	2			2
Unamortized discount and debt issuance costs	(17		)	(18		)
Total CVR Partners Debt	$	630		$	629

6.50% Senior Notes due 2022 (2)	$	500		$	500
Finance lease obligations	69			44
Unamortized debt issuance cost	(3		)	(3		)
Current portion of finance lease obligations	(5		)	(3		)
Total Other Debt	$	561		$	538

Total Long-Term Debt	$	1,191		$	1,167


(1)	This debt was issued at a $16 million discount which is being amortized, as interest expense, over the remaining term of the debt. Debt issuance costs associated with this debt totaled $9 million.

(2)

Debt issuance costs associated with this debt totaled $9 million. On January 29, 2019, the 2022 Senior Notes were amended such that the CVR Refining was replaced by CVR Energy Inc. as the primary guarantor, on a senior unsecured basis, of the 2022 Senior Notes. The CVR Energy Inc. guarantee is full and unconditional and joint and several. See Note 14 ("Supplemental Cash Flow Information") for further discussion and implications of this change to guarantor.

Credit Facilities




(in millions)	Total Capacity		Amount Borrowed as of March 31, 2019		Outstanding Letters of Credit		Available Capacity as of March 31, 2019		Maturity Date

Amended and Restated Asset Based (ABL) Credit Facility (3)	$	400	$	—	$	7	$	393	November 14, 2022
Asset Based (ABL) Credit Facility (4)	50		—		—		50		September 30, 2021


(3)	Loans under the Amended and Restated 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.


(4)	Loans under the ABL Credit Facility initially bear interest at an annual rate equal to (i) 2.00% plus LIBOR or (ii) 1.00% plus a base rate, subject to a 0.50% step-down based on the previous quarter’s excess availability.

Credit Agreement

On January 29, 2019, the Company entered into a credit agreement (the “Credit Agreement”) with Jefferies Finance LLC to provide a term loan credit facility with a maturity date of March 10, 2019. Borrowings under the Credit Agreement were used to fund a portion of the CVRR Unit Purchase. All amounts borrowed were repaid on February 11, 2019.

Covenant Compliance

The Company is in compliance with all covenants of the ABL credit facilities and the senior notes as of March 31, 2019.

Shareholders Equity

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

Shareholders Equity

(8) Shareholders Equity

The following table summarizes the shareholders equity and non-controlling interest balances for the three months ended March 31, 2019 and March 31, 2018.



(in millions)	Total CVR Stockholders’ Equity			Noncontrolling Interest			Total Equity
Balance at December 31, 2018	$	1,286		$	657		$	1,943
Net income	101			1			102
Dividends to CVR Energy stockholders	(75		)	—			(75		)
Distributions to CVR Partners’ public unitholders	—			(9		)	(9		)
Effect of turnaround accounting change	34			—			34
Acquisition of CVR Refining common units (1)	(1		)	(334		)	(335		)
Other	(2		)	—			(2		)
Balance at March 31, 2019	$	1,343		$	315		$	1,658

(1) Included within this amount is $34 million which reflects the impact of the change in accounting policy for turnaround expenditures.



(in millions)	Total CVR Stockholders’ Equity			Noncontrolling Interest			Total Equity
Balance at December 31, 2017	$	919		$	785		$	1,704
Net income	60			33			93
Dividends to CVR Energy stockholders	(43		)	—			(43		)
Distributions to CVR Refining public unitholders	—			(23		)	(23		)
Effect of turnaround accounting change	68			50			118
Balance at March 31, 2018	$	1,004		$	845		$	1,849

Dividends to CVR Energy Stockholders

On February 20, 2019, the Company’s board of directors declared a cash dividend for the fourth quarter of 2018 to the Company’s stockholders of $0.75 per share, or $75 million in the aggregate. The dividend was paid on March 11, 2019. Of this amount, IEP received $54 million in respect of its ownership interest in the Company’s shares. Dividends are subject to change at the discretion of the board of directors.

For the first quarter of 2019, the Company, upon approval by the Company’s board of directors on April 24, 2019, declared a cash dividend of $0.75 per share, or $75 million payable, on May 13, 2019 to shareholders of record as of May 6, 2019. Of this amount, IEP will receive $54 million due to its ownership interest in the Company’s shares.

Distributions to CVR Partners’ Unitholders

For the fourth quarter of 2018, CVR Partners declared a cash distribution of $0.12 per common unit, or $13.9 million, which was paid on March 11, 2019. Of this amount, the Company received approximately $5 million, with the remaining amount payable to public unitholders.

For the first quarter of 2019, CVR Partners, upon approval by CVR GP’s board of directors on April 24, 2019, declared a distribution of $0.07 per common unit, or $8 million, payable on May 13, 2019 to unitholders of record as of May 6, 2019. Of this amount, the Company will receive approximately $3 million, with the remaining amount payable to public unitholders. Distributions are subject to change at the discretion of the board of directors of CVR Partners’ general partner.

Revenue

3 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Abstract]

Revenue

(9) Revenue

The following tables present the Company’s revenue disaggregated by major product. The following tables include a reconciliation of the disaggregated revenue with the Company’s reportable segments.



	Three Months Ended March 31, 2019
(in millions)	Petroleum		Nitrogen Fertilizer		Other / Eliminations			Consolidated
Major Product
Gasoline	$	673	$	—	$	—		$	673
Distillates (1)	651		—		—			651
Ammonia	—		13		—			13
UAN	—		64		—			64
Other urea products	—		5		—			5
Freight revenue	6		8		—			14
Other (2)	43		2		(3		)	42
Revenue from product sales	1,373		92		(3		)	1,462

Crude oil sales	23		—		—			23
Other revenue (2)	1		—		—			1
Total revenue	$	1,397	$	92	$	(3	)	$	1,486



	Three Months Ended March 31, 2018
(in millions)	Petroleum		Nitrogen Fertilizer		Other / Eliminations			Consolidated
Major Product
Gasoline	$	712	$	—	$	—		$	712
Distillates (1)	652		—		—			652
Ammonia	—		12		—			12
UAN	—		53		—			53
Other urea products	—		5		—			5
Freight revenue	5		9		—			14
Other (2)	56		—		(1		)	55
Revenue from product sales	1,425		79		(1		)	1,503

Crude oil sales	32		—		—			32
Other revenue	1		1		—			2
Total revenue	$	1,458	$	80	$	(1	)	$	1,537


(1)	Distillates consist primarily of diesel fuel, kerosene and jet fuel.


(2)	Other revenue consists primarily of feedstock and asphalt sales and Cushing, OK storage tank lease revenue. See Note 5 (“Property, Plant and Equipment”) for further discussion on the Cushing, OK storage tanks.

Petroleum

The petroleum segment’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 petroleum segment 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 petroleum segment’s contracts have index-based pricing which is considered variable consideration that should be estimated in determining the transaction price. The petroleum segment determined that it does not need to estimate the variable consideration because the uncertainty related to the consideration is resolved on the pricing date or the date when the product is delivered.

The petroleum segment may incur broker commissions or transportation costs prior to product transfer on some of its sales. The petroleum segment 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 petroleum segment’s contracts with its customers state the terms of the sale, including the description, quantity, and price of each product sold. Depending on the product sold, payment from customers is generally due in full within 2 to 32 days of product delivery or invoice date. The petroleum segment’s contracts with customers commonly include a provision which states that the petroleum segment 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 petroleum segment has determined that product returns or refunds are very rare and will account for them as they occur. The petroleum segment generally provides no warranty other than the implicit promise that goods delivered are free of liens and encumbrances and meet the agreed upon specification.

Freight revenue recognized by the petroleum segment is primarily tariff and line loss charges rebilled to customers to reimburse the petroleum segment for expenses incurred from a pipeline operator. An offsetting expense is included in cost of materials and other.

Nitrogen Fertilizer

The nitrogen fertilizer segment sells its products on a wholesale basis under a contract or by purchase order. The nitrogen fertilizer segment’s contracts with customers, including purchase orders, generally contain fixed pricing and most have terms of less than one year. The nitrogen fertilizer segment recognizes revenue at the point in time at which the customer obtains control of the product, which is generally upon delivery and acceptance by the customer. The customer acceptance point is stated in the contract and may be at one of the nitrogen fertilizer segment’s manufacturing facilities, at one of the nitrogen fertilizer segment’s off-site loading facilities, or at the customer’s designated facility. Freight revenue recognized by the nitrogen fertilizer segment represents the pass-through finished goods delivery costs incurred prior to customer acceptance and is reimbursed by customers. An offsetting expense for freight is included in cost of materials and other. Qualifying taxes collected from customers and remitted to governmental authorities are not included in reported revenues.

Depending on the product sold and the type of contract, payments from customers are generally either due prior to delivery or within 15 to 30 days of product delivery.

The nitrogen fertilizer segment generally provides no warranty other than the implicit promise that goods delivered are free of liens and encumbrances and meet the agreed upon specifications. Product returns are rare, and as such, the nitrogen fertilizer segment does not record a specific warranty reserve or consider activities related to such warranty, if any, to be a separate performance obligation.

The nitrogen fertilizer segment has an immaterial amount of variable consideration for contracts with an original duration of less than a year. A small portion of the nitrogen fertilizer partnership’s revenue includes contracts extending beyond one year, some of which contain variable pricing in which the majority of the variability is attributed to the market-based pricing. The nitrogen fertilizer segment’s contracts do not contain a significant financing component.

The nitrogen fertilizer segment has an immaterial amount of fee-based revenue, included in other revenue in the table above, that is recognized based on the net amount of the proceeds received, consistent with prior accounting practice.

Transaction price allocated to remaining performance obligations

As of March 31, 2019, CVR Partners had approximately $10 million of remaining performance obligations for contracts with an original expected duration of more than one year. CVR Partners expects to recognize approximately 39% of these performance obligations as revenue by the end of 2019, an additional 30% by 2020 and the remaining balance thereafter.

Contract balances

The CVR Partners’ deferred revenue is a contract liability that primarily relates to fertilizer sales contracts requiring customer prepayment prior to product delivery to guarantee a price and supply of nitrogen fertilizer. Deferred revenue is recorded at the point in time in which a prepaid contract is legally enforceable and the associated right to consideration is unconditional prior to transferring product to the customer. An associated receivable is recorded for uncollected prepaid contract amounts. Contracts requiring prepayment are generally short-term in nature and, as discussed above, revenue is recognized at the point in time in which the customer obtains control of the product.

A summary of CVR Partners’ deferred revenue activity during the three months ended March 31, 2019 is presented below:



(in millions)
Balance at December 31, 2018	$	69
Add:
New prepay contracts entered into during the period (1)	9
Less:
Revenue recognized that was included in the contract liability balance at the beginning of the period	12
Revenue recognized related to contracts entered into during the period	1
Balance at March 31, 2019	$	65

Derivative Financial Instruments

3 Months Ended

Mar. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

(10) 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. The Petroleum Segment 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. The Petroleum Segment may enter into forward purchase or sale contracts associated with RINs. As of March 31, 2019, the Petroleum Segment had open commitments to purchase 26 million RINs.

Commodity derivatives include commodity swaps and forward purchase and sale commitments. There were no outstanding commodity swap positions as of March 31, 2019.

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:



Gain (Loss) on Derivatives
	Three Months Ended March 31,
(in millions)	2019			2018
Forward purchases	$	17		$	14
Swaps	—			45
Futures	(1		)	—
Total gain (loss) on derivatives, net	$	16		$	59



Open Commodity Derivative Instruments
	Three Months Ended March 31,
(in millions of barrels)	2019	2018
Commodity Swap Instruments:
2-1-1 Crack spreads	—	2
Distillate Crack spreads	—	1
Gasoline Crack spreads	—	1
Purchase and Sale Commitments - Futures Contracts:
Canadian crude oil	2	4

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 accrued expenses 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, 2019		December 31, 2018			March 31, 2019		December 31, 2018
Commodity Derivatives	$	1	$	8		$	—	$	1
Less: Counterparty Netting	—		(1		)	—		(1		)
Total Net Fair Value of Derivatives	$	1	$	7		$	—	$	—

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 table sets forth the assets and liabilities measured or disclosed at fair value on a recurring basis, by input level, as of March 31, 2019 and December 31, 2018:



	March 31, 2019
(in millions)	Level 1		Level 2			Level 3		Total
Location and Description
Other current assets (investments)	—		1			—		1
Total Assets	$	—	$	1		$	—	$	1
Other current liabilities (Renewable Fuel Standard “RFS” obligation)	—		(16		)	—		(16		)
Total Liabilities	$	—	$	(16	)	$	—	$	(16	)



	December 31, 2018
(in millions)	Level 1		Level 2			Level 3		Total
Location and Description
Other current assets (investments)	—		7			—		7
Total Assets	$	—	$	7		$	—	$	7
Other current liabilities (RFS obligation)	—		(2		)	—		(2		)
Total Liabilities	$	—	$	(2	)	$	—	$	(2	)

As of March 31, 2019 and December 31, 2018, the only financial assets and liabilities that are measured at fair value on a recurring basis are the Company’s cash equivalents, investments, derivative instruments, and RFS obligation. 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 year ended March 31, 2019.

Share-Based Compensation

3 Months Ended

Mar. 31, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Compensation

(11) Share-Based Compensation

A summary of compensation expense during the three months ended March 31, 2019 and 2018 is presented below:



	Three Months Ended March 31,
(in millions)	2019		2018
CVR Energy LTIP
Performance Unit Award	$	—	$	1
CVR Refining LTIP
Phantom Units Award	1		1
CVR Partners LTIP
Phantom Units Award	1		1
Incentive Unit Awards	3		(1		)
Total Share-Based Compensation Expense	$	5	$	2

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2019
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 2018 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. Crude Oil Supply Agreement On August 31, 2012, an indirect, wholly-owned subsidiary of the Petroleum Segment and Vitol Inc. (“Vitol”) entered into an Amended and Restated Crude Oil Supply Agreement (as amended, the “Crude Oil Supply Agreement”). Under the Crude Oil Supply Agreement, Vitol supplies the Petroleum Segment with crude oil and intermediation logistics helping to reduce the amount of inventory held at a certain point and mitigate crude oil pricing risk. Volumes contracted under the Crude Oil Supply Agreement, as a percentage of the total crude oil purchases (in barrels), was approximately 39% and 35% for the three months ended March 31, 2019 and 2018, respectively. The Crude Oil Supply Agreement automatically renews for successive one-year terms (each such term, a “Renewal Term”) unless either party provides the other with notice of nonrenewal at least 180 days prior to expiration of any Renewal Term. Renewable Fuel Standards The Petroleum Segment is subject to the RFS of the Environmental Protection Agency (“EPA”) that require refiners to either blend “renewable fuels” in with their transportation fuels or purchase renewable fuel credits, known as renewable identification numbers (“RINs”), in lieu of blending. The petroleum segment is not able to blend the substantial majority of its transportation fuels and has to purchase RINs on the open market, as well as obtain waiver credits for cellulosic biofuels from the EPA in order to comply with the RFS. The Company recognized expense of approximately $13 million and a benefit of $23 million for the three months ended March 31, 2019 and 2018, respectively, for the Petroleum Segment’s compliance with RFS. The expense recognized was included within Cost of Materials and Other in the Consolidated Statements of Operations. The Company’s costs to comply with RFS include the purchased cost of RINs, the impact of recognizing the Petroleum Segment’s uncommitted biofuel blending obligation at fair value based on market prices at each reporting date and the valuation change of RINs purchases in excess of its RFS obligation as of the reporting date. Litigation The U.S. Attorney’s office for the Southern District of New York contacted CVR Energy in September 2017 seeking production of information pertaining to CVR Refining’s, CVR Energy’s and Mr. Carl C. Icahn’s activities relating to the RFS and Mr. Icahn’s former role as an advisor to the President. CVR Energy is cooperating 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 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. On August 21, 2018, Coffeyville Resources Refining and Marketing LLC (“CRRM”), a subsidiary of CVRR, 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 the DOJ and KDHE extending time for negotiation regarding the agencies’ allegations through March 2019, and this tolling agreement was extended in March 2019 through November 30, 2019. At this time the Company 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 Company cannot determine if the ultimate outcome of this matter will have a material impact on the Company’s financial position, results of operations or cash flows. In 2008, Coffeyville Resources Nitrogen Fertilizer LLC (“CRNF”), a subsidiary of CVR Partners LP, protested the reclassification and reassessment by Montgomery County, Kansas (the “County”) of CRNF’s nitrogen fertilizer plant following expiration of its ten-year property tax abatement that expired on December 31, 2007, which reclassification and reassessment resulted in an increase in CRNF’s annual property tax expense in excess of $10 million per year for the 2008 through 2012 tax years. Despite its protest, CRNF fully accrued and paid these property taxes. In February 2013, the County and CRNF agreed to a settlement for tax years 2009 through 2012 which resulted in decreased property taxes through 2017, leaving 2008 in dispute. In 2013, the Kansas Court of Appeals overturned an adverse ruling of the Kansas Board of Tax Appeals (“BOTA”) and instructed BOTA to classify each CRNF asset on an asset-by-asset basis. In March 2015, BOTA concluded its classification and determined a substantial majority of CRNF’s assets in dispute were personal property for the 2008 tax year. In September 2018, the Kansas Court of Appeals upheld BOTA’s property tax determinations in CRNF’s favor. In October 2018, the County petitioned the Kansas Supreme Court to review the Court of Appeals determination. Subsequent briefs were filed by CRNF and the County. The Kansas Supreme Court has not yet ruled on whether it will hear the County’s appeal. CVR Partners continues to monitor this matter. In April 2019, CRNF and the County executed an agreement under which the County agreed to withdraw its petition to the Kansas Supreme Court and CRNF is expected to recover $7.9 million through favorable property tax assessments from 2019 through 2028, subject to the terms of the settlement agreement. During 2019, CVR Energy, CVR Refining, CVR Refining Holdings, IE, and certain directors and affiliates have been named in nine lawsuits filed in the Court of Chancery of the State of Delaware by purported former unitholders of CVR Refining, on behalf of themselves and an alleged class of similarly situated unitholders (the “Call Option Lawsuits”). The 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, relating to the Company’s exercise of the call option under the CVR Refining Amended and Restated Agreement of Limited Partnership assigned to it by CVR Refining’s general partner. The Call Option Lawsuits are in the earliest stages of litigation. The Company believes the Call Option Lawsuits are without merit and intends to vigorously defend against them.

Business Segments

3 Months Ended

Mar. 31, 2019

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 and EBITDA. For the purposes of the operating segment disclosure, the company presents operating income as it is the most comparable measure to the amounts presented on the condensed consolidated statement 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 March 31,
(in millions)	2019			2018
Net sales
Petroleum	$	1,397		$	1,458
Nitrogen Fertilizer	92			80
Other	(3		)	(1		)
Total	$	1,486		$	1,537
Operating Income
Petroleum	$	156		$	143
Nitrogen Fertilizer	9			(3		)
Other	(5		)	(4		)
Total operating income	160			136
Interest expense, net	(26		)	(27		)
Other income, net	3			2
Income before income taxes	$	137		$	111
Depreciation and amortization
Petroleum	49			48
Nitrogen Fertilizer	16			16
Other	2			3
Total	$	67		$	67
Capital expenditures
Petroleum	$	20		$	14
Nitrogen Fertilizer	3			4
Other	—			1
Total	$	23		$	19

The following table summarizes total assets by segment:



(in millions)	March 31, 2019			December 31, 2018
Petroleum	$	2,714		$	2,452
Nitrogen Fertilizer	1,247			1,254
Other (1)	(87		)	294
Total Assets	$	3,874		$	4,000

(1)Includes elimination of intercompany assets.

Supplemental Cash Flow Information

3 Months Ended

Mar. 31, 2019

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information

(14) Supplemental Cash Flow Information

Cash flows related to income taxes, interest and construction in process were as follows:



	Three Months Ended March 31,
(in millions)	2019			2018
Supplemental disclosures:
Cash paid for interest	2			3
Non-cash investing activities:
Capital expenditure additions included in accounts payable	$	(6	)	$	(1	)
Turnaround expenditures included in accounts payable	(7		)	—

Related Party Transactions

3 Months Ended

Mar. 31, 2019

Related Party Transactions

(15) Related Party Transactions

Icahn Enterprises

The following is a summary of dividends paid to the Company’s stockholders, including IEP, for the respective quarters to which the distributions relate:



(in millions, except per share data)	December 31, 2018		Total Dividends Paid in 2019
Amount paid to IEP	$	54	$	54
Amount paid to public stockholders	21		21
Total amount paid	$	75	$	75

Per common share	$	0.75	$	0.75
Shares outstanding (in millions)	100.6		100.6

Activity associated with the Company’s related party arrangements for the three month periods ended March 31, 2019 and 2018 is summarized below:

Expenses with related parties



	Three Months Ended March 31,
(in millions)	2019		2018
Cost of materials and other
Joint Venture Transportation Agreement:
Enable	$	2	$	—

Amounts due from related parties



(in millions)	March 31, 2019		December 31, 2018
Tax Allocation Agreement:
American Entertainment Properties Corporation (“AEPC”)	$	4	$	4

Guarantor Financial Information

3 Months Ended

Mar. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Guarantor Financial Information

(16) Guarantor Financial Information

CVR Refining’s 2022 Senior Notes are guaranteed on a senior unsecured basis by the Company and certain wholly-owned subsidiaries, including CVR Refining and certain of its subsidiaries (the “Guarantors”). The guarantees are full and unconditional and joint and several among the Guarantors.

The information is presented in accordance with the requirements of Rule 3-10 under the SEC’s Regulation S-X and prepared on the equity basis of accounting. The financial information may not necessarily be indicative of results of operations, cash flows or financial position had the Guarantors operated as independent entities. The Company has not presented separate financial and narrative information for each of the Guarantors because it believes such financial and narrative information would not provide any additional information that would be material in evaluating the sufficiency of the Guarantors.

Condensed Consolidating Balance Sheet



	March 31, 2019
(in millions)	Parent			Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Intercompany Elimination			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	8		$	306	$	54	$	99	$	—		$	467
Accounts receivable	—			—		176		17		—			193
Due to/from parent	4			—		—		—		—			4
Intercompany receivable	(65		)	—		13		73		(21		)	—
Inventories	—			—		331		72		—			403
Prepaid expenses and other current assets	26			—		30		—		2			58
Total current assets	(27		)	306		604		261		(19		)	1,125
Property, plant and equipment, net of accumulated depreciation	—			—		1,418		1,000		—			2,418
Investment in and advances from subsidiaries	1,444			1,696		166		1,726		(5,032		)	—
Other long-term assets	—			1		278		52		—			331
Total assets	$	1,417		$	2,003	$	2,466	$	3,039	$	(5,051	)	$	3,874
LIABILITIES AND PARTNERS’ CAPITAL
Current liabilities:
Accounts payable	$	1		$	—	$	334	$	24	$	—		$	359
Intercompany payables	—			—		8		13		(21		)	—
Other current liabilities	49			14		76		80		2			221
Total current liabilities	50			14		418		117		(19		)	580
Long-term liabilities:
Long-term debt and finance lease obligations, net of current portion	—			496		64		631		—			1,191
Investment and advances from subsidiaries	—			—		—		16		(16		)	—
Deferred income taxes	20			—		—		375		—			395
Other long-term liabilities	4			—		35		11		—			50
Total long-term liabilities	24			496		99		1,033		(16		)	1,636
Commitments and contingencies
Equity:
Total CVR stockholders’ equity	1,343			1,493		1,949		1,574		(5,016		)	1,343
Noncontrolling interest	—			—		—		315		—			315
Total equity	1,343			1,493		1,949		1,889		(5,016		)	1,658
Total liabilities and equity	$	1,417		$	2,003	$	2,466	$	3,039	$	(5,051	)	$	3,874

Condensed Consolidating Balance Sheet



	December 31, 2018
(in millions)	Parent			Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Intercompany Elimination			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	3		$	340	$	261	$	64	$	—		$	668
Accounts receivable	—			—		107		62		—			169
Due to/from parent	4			—		—		—		—			4
Intercompany receivable	6			—		4		—		(10		)	—
Inventories	—			—		316		64		—			380
Prepaid expenses and other current assets	27			1		49		4		(9		)	72
Total current assets	40			341		737		194		(19		)	1,293
Property, plant and equipment, net of accumulated depreciation	—			—		1,413		1,017		—			2,430
Investment in and advances from subsidiaries	1,228			1,601		172		1,440		(4,441		)	—
Other long-term assets	—			1		231		45		—			277
Total assets	$	1,268		$	1,943	$	2,553	$	2,696	$	(4,460	)	$	4,000
LIABILITIES AND PARTNERS’ CAPITAL
Current liabilities:
Accounts payable	$	1		$	—	$	293	$	26	$	—		$	320
Intercompany payables	—			—		—		10		(10		)	—
Other current liabilities	6			7		74		97		(8		)	176
Total current liabilities	7			7		367		133		(18		)	496
Long-term liabilities:
Long-term debt and finance lease obligations, net of current portion	—			496		42		629		—			1,167
Investment and advances from subsidiaries	—			—		106		—		(106		)	—
Deferred income taxes	(24		)	—		—		404		—			380
Other long-term liabilities	3			—		7		4		—			14
Total long-term liabilities	(21		)	496		155		1,037		(106		)	1,561
Commitments and contingencies
Equity:
Total CVR stockholders’ equity	1,282			1,440		1,701		1,199		(4,336		)	1,286
Noncontrolling interest	—			—		330		327		—			657
Total equity	1,282			1,440		2,031		1,526		(4,336		)	1,943
Total liabilities and equity	$	1,268		$	1,943	$	2,553	$	2,696	$	(4,460	)	$	4,000

Condensed Consolidating Statement of Operations



	Three Months Ended March 31, 2019
(in millions)	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Intercompany Eliminations			Consolidated
Net sales	$	—		$	—		$	1,397		$	92		$	(3	)	$	1,486
Operating costs and expenses:
Cost of materials and other	—			—			1,080			24			(3		)	1,101
Direct operating expenses (exclusive of depreciation and amortization as reflected below)	—			—			91			35			—			126
Depreciation and amortization	—			—			48			17			—			65
Cost of sales	—			—			1,219			76			(3		)	1,292
Selling, general and administrative expenses (exclusive of depreciation and amortization as reflected below)	5			—			18			7			—			30
Depreciation and amortization	—			—			2			—			—			2
Loss on asset disposals	—			—			2			—			—			2
Operating income (loss)	(5		)	—			156			9			—			160
Other income (expense):
Interest expense, net	(1		)	(7		)	(2		)	(16		)	—			(26		)
Other income, net	—			—			3			—			—			3
Income (loss) from subsidiaries	121			144			(9		)	(9		)	(247		)	—
Income (loss) before income taxes	115			137			148			(16		)	(247		)	137
Income tax expense (benefit)	14			—			—			21			—			35
Net income (loss)	101			137			148			(37		)	(247		)	102
Less: Net income attributable to noncontrolling interest	—			—			5			(4		)	—			1
Net income (loss) attributable to CVR Energy stockholders	$	101		$	137		$	143		$	(33	)	$	(247	)	$	101

Condensed Consolidating Statement of Operations



	Three Months Ended March 31, 2018
(in millions)	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Intercompany Eliminations			Consolidated
Net sales	$	—		$	—		$	1,458		$	80		$	(1	)	$	1,537
Operating costs and expenses:
Cost of materials and other	—			—			1,158			23			(1		)	1,180
Direct operating expenses (exclusive of depreciation and amortization as reflected below)	—			—			91			39			—			130
Depreciation and amortization	—			—			48			16			—			64
Cost of sales	—			—			1,297			78			(1		)	1,374
Selling, general and administrative expenses (exclusive of depreciation and amortization as reflected below)	3			—			15			6			—			24
Depreciation and amortization	—			—			3			—			—			3
Loss on asset disposals	—			—			—			—			—			—
Operating income (loss)	(3		)	—			143			(4		)	—			136
Other income (expense):
Interest expense, net	—			(8		)	(3		)	(16		)	—			(27		)
Other income, net	—			—			1			1			—			2
Income (loss) from subsidiaries	62			144			(15		)	(10		)	(181		)	—
Income (loss) before income taxes	59			136			126			(29		)	(181		)	111
Income tax expense (benefit)	(1		)	—			—			19			—			18
Net income (loss)	60			136			126			(48		)	(181		)	93
Less: Net income attributable to noncontrolling interest	—			—			46			(13		)	—			33
Net income (loss) attributable to CVR Energy stockholders	$	60		$	136		$	80		$	(35	)	$	(181	)	$	60

Condensed Consolidating Statement of Cash Flows



	Three Months Ended March 31, 2019
(in millions)	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Intercompany Elimination			Consolidated
Net cash provided by (used in) operating activities	$	40		$	1		$	176		$	12		$	(1	)	$	228

Cash flows from investing activities:
Capital expenditures	—			—			(25		)	(4		)	—			(29		)
Turnaround expenditures	—			—			(13		)	—			—			(13		)
Investment in affiliates, net of return of investment	341			(28		)	(137		)	41			(217		)	—
Other investing activities	—			—			—			—			—			—
Net cash provided by (used in) investing activities	341			(28		)	(175		)	37			(217		)	(42		)

Cash flows from financing activities:
Dividends to CVR Energy stockholders	(75		)	—			—			—			—			(75		)
Acquisition of CVR Refining common units	(301		)	—			—			—			—			(301		)
Distributions to CVR Partners’ noncontrolling interest holders	—			—			—			(9		)	—			(9		)
Distributions or intercompany advances to other CVR Energy subsidiaries	—			(7		)	(206		)	(5		)	218			—
Other financing activities	—			—			(2		)	—			—			(2		)
Net cash provided by (used in) financing activities	(376		)	(7		)	(208		)	(14		)	218			(387		)
Net increase (decrease) in cash and cash equivalents	5			(34		)	(207		)	35			—			(201		)
Cash and cash equivalents, beginning of period	3			340			261			64			—			668
Cash and cash equivalents, end of period	$	8		$	306		$	54		$	99		$	—		$	467

Condensed Consolidating Statement of Cash Flows



	Three Months Ended March 31, 2018
(in millions)	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Intercompany Elimination			Consolidated
Net cash provided by (used in) operating activities	$	12		$	2		$	8		$	5		$	(1	)	$	26

Cash flows from investing activities:
Capital expenditures	(1		)	—			(15		)	(4		)	—			(20		)
Turnaround expenditures	—			—			(1		)	—			—			(1		)
Investment in affiliates, net of return of investment	36			25			(221		)	(14		)	174			—
Other investing activities	—			—			—			—			—			—
Net cash provided by (used in) investing activities	35			25			(237		)	(18		)	174			(21		)

Cash flows from financing activities:
CVR Energy shareholder dividends	(43		)	—			—			—			—			(43		)
Distributions to CVR Refining noncontrolling interest holders	—			—			(20		)	—			—			(20		)
Distributions to CVR Partners’ noncontrolling interest holders	—			—			—			(3		)	—			(3		)
Distributions or intercompany advances to other CVR Energy subsidiaries	—			(92		)	238			27			(173		)	—
Other financing activities	—			—			(2		)	1			—			(1		)
Net cash provided by (used in) financing activities	(43		)	(92		)	216			25			(173		)	(67		)
Net increase (decrease) in cash and cash equivalents	4			(65		)	(13		)	12			—			(62		)
Cash and cash equivalents, beginning of period	4			163			264			51			—			482
Cash and cash equivalents, end of period	$	8		$	98		$	251		$	63		$	—		$	420

Basis of Presentation (Policies)

3 Months Ended

Mar. 31, 2019

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, 2018 audited consolidated financial statements and notes thereto included in CVR Energy’s Annual Report on Form 10-K for the year ended December 31, 2018, which was filed with the SEC on February 21, 2019 the (the “2018 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 to fairly present the financial position of the Company as of March 31, 2019 and December 31, 2018, the results of operations of the Company for the three month periods ended March 31, 2019 and 2018 and the cash flows of the Company for the three month periods ended March 31, 2019 and 2018. Such adjustments are of a normal recurring nature, unless otherwise disclosed.

Certain reclassifications have been made within the condensed consolidated statements of operations for the three months ended March 31, 2018 to include gain (loss) on derivatives within the Cost of Materials and Other financial statement line item 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, 2019 or any other interim or annual period.

Recent Accounting Pronouncements and Accounting Changes

Recent Accounting Pronouncement - Adoption of New Lease Standard


•	Under the short-term lease exception provided for in Topic 842, only ROU assets and related lease liabilities for leases with a term greater than one year were and will be recognized;


•	The accounting treatment for existing land easements was carried forward;


•	Lease and non-lease components were and will not be bifurcated for all of the Company’s asset groups, respectively; and


•	The portfolio approach was and will be used in the selection of the discount rate used to calculate minimum lease payments and the related ROU asset and operating lease liability amounts.

Accounting Change - Turnaround Expenses

Effect of Turnaround Accounting Change on Condensed Consolidated Balance Sheet as of December 31, 2018



(in millions)	As Previously Reported			Effect of Turnaround Accounting Change (Unaudited)				As Stated (Unaudited)
Property, plant and equipment, net of accumulated depreciation (CVR Partners: $997 and $1,015, respectively)	$	2,445		$	(15	)		$	2,430
Other long-term assets	169			108			(1)	277
Total assets	$	3,907		$	93			$	4,000
Long-term liabilities:
Deferred income taxes	$	362		$	18		(2)	$	380
Total long-term liabilities	1,543			18				1,561
Equity:
CVR stockholders’ equity:
Additional paid-in-capital	1,473			1				1,474
Retained deficit	(226		)	39				(187		)
Total CVR stockholders’ equity	1,246			40				1,286
Noncontrolling interest	622			35				657
Total equity	1,868			75				1,943
Total liabilities and equity	$	3,907		$	93			$	4,000

(1) This represents the capitalized turnaround asset recognized due to the turnaround policy change.

(2) This represents the increase in deferred tax liability due to the recognition of the capitalized turnaround asset.

Effect of Topic 842 Adoption on Condensed Consolidated Balance Sheet as of January 1, 2019



(in millions)	December 31, 2018 As Stated (1) (Unaudited)		Effect of Adoption of Topic 842 - Leases (Unaudited)				January 1, 2019 As Adjusted
Current assets:
Prepaid expenses and other current assets	$	72	$	(3	)	(2)	$	69
Total currents assets	1,293		(3		)		1,290
Property, plant and equipment, net of accumulated depreciation (CVR Partners: $997 and $1,015, respectively)	2,430		26			(3)	2,456
Other long-term assets	277		56			(4)	333
Total assets	$	4,000	$	79			$	4,079
Current liabilities:
Other current liabilities (CVR Partners: $102 and $96, respectively)	$	176	$	16		(5)	$	192
Total current liabilities	496		16				512
Long-term liabilities:
Long-term debt and finance lease obligations, net of current portion (CVR Partners: $630 and $629, respectively)	1,167		23			(3)	1,190
Other long-term liabilities	14		40			(5)	54
Total long-term liabilities	1,561		63				1,624
Equity:
Total liabilities and equity	$	4,000	$	79			$	4,079


(1)	Represents the retrospectively adjusted balance sheet amounts upon reflection of the turnaround accounting change prior to the adoption of Topic 842.


(2)	Represents lease prepayments reclassified to right-of-use assets.


(3)	The additional $26 million right-of-use asset and $23 million in lease liability represents a lease with a third-party that met the definition of a finance lease under ASC 842 as compared to an operating lease under ASC 840.


(4)	Represents recognition of initial right-of-use assets for operating leases, including the reclassification of certain lease prepayments as noted above.


(5)	Represents the initial recognition of lease liabilities.

Effect of Turnaround Accounting on Condensed Consolidated Statement of Operations and Condensed Consolidated Statement of Cash Flows for Three Months Ended March 31, 2018



(in millions)	As Previously Reported			Effect of Turnaround Accounting Change (Unaudited)			As Stated
Condensed Consolidated Statement of Operations
Direct operating expenses (exclusive of depreciation and amortization as reflected below)	$	132		$	(2	)	$	130
Depreciation and amortization	49			15			64
Income tax expense	21			(3		)	18
Net income	103			(10		)	93
Less: Net income attributable to noncontrolling interest	37			(4		)	33
Net income attributable to CVR Energy stockholders	$	66		$	(6	)	$	60

Condensed Consolidated Statement of Cash Flows
Net cash provided by operating activities	$	24		$	2		$	26
Net cash used by investing activities	$	(20	)	$	(1	)	$	(21	)

New Accounting Standards Issued But Not Yet Implemented

Recent Accounting Pronouncements and Accounting Changes (Tables)

3 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Effect of accounting standards adoption and accounting changes on financial statements

The following presents the financial statement line items impacted by the turnaround accounting change and the Company’s Topic 842 adoption as of the respective dates.

Effect of Turnaround Accounting Change on Condensed Consolidated Balance Sheet as of December 31, 2018



(in millions)	As Previously Reported			Effect of Turnaround Accounting Change (Unaudited)				As Stated (Unaudited)
Property, plant and equipment, net of accumulated depreciation (CVR Partners: $997 and $1,015, respectively)	$	2,445		$	(15	)		$	2,430
Other long-term assets	169			108			(1)	277
Total assets	$	3,907		$	93			$	4,000
Long-term liabilities:
Deferred income taxes	$	362		$	18		(2)	$	380
Total long-term liabilities	1,543			18				1,561
Equity:
CVR stockholders’ equity:
Additional paid-in-capital	1,473			1				1,474
Retained deficit	(226		)	39				(187		)
Total CVR stockholders’ equity	1,246			40				1,286
Noncontrolling interest	622			35				657
Total equity	1,868			75				1,943
Total liabilities and equity	$	3,907		$	93			$	4,000

(1) This represents the capitalized turnaround asset recognized due to the turnaround policy change.

(2) This represents the increase in deferred tax liability due to the recognition of the capitalized turnaround asset.

Effect of Topic 842 Adoption on Condensed Consolidated Balance Sheet as of January 1, 2019



(in millions)	December 31, 2018 As Stated (1) (Unaudited)		Effect of Adoption of Topic 842 - Leases (Unaudited)				January 1, 2019 As Adjusted
Current assets:
Prepaid expenses and other current assets	$	72	$	(3	)	(2)	$	69
Total currents assets	1,293		(3		)		1,290
Property, plant and equipment, net of accumulated depreciation (CVR Partners: $997 and $1,015, respectively)	2,430		26			(3)	2,456
Other long-term assets	277		56			(4)	333
Total assets	$	4,000	$	79			$	4,079
Current liabilities:
Other current liabilities (CVR Partners: $102 and $96, respectively)	$	176	$	16		(5)	$	192
Total current liabilities	496		16				512
Long-term liabilities:
Long-term debt and finance lease obligations, net of current portion (CVR Partners: $630 and $629, respectively)	1,167		23			(3)	1,190
Other long-term liabilities	14		40			(5)	54
Total long-term liabilities	1,561		63				1,624
Equity:
Total liabilities and equity	$	4,000	$	79			$	4,079


(1)	Represents the retrospectively adjusted balance sheet amounts upon reflection of the turnaround accounting change prior to the adoption of Topic 842.


(2)	Represents lease prepayments reclassified to right-of-use assets.


(3)	The additional $26 million right-of-use asset and $23 million in lease liability represents a lease with a third-party that met the definition of a finance lease under ASC 842 as compared to an operating lease under ASC 840.


(4)	Represents recognition of initial right-of-use assets for operating leases, including the reclassification of certain lease prepayments as noted above.


(5)	Represents the initial recognition of lease liabilities.

Effect of Turnaround Accounting on Condensed Consolidated Statement of Operations and Condensed Consolidated Statement of Cash Flows for Three Months Ended March 31, 2018



(in millions)	As Previously Reported			Effect of Turnaround Accounting Change (Unaudited)			As Stated
Condensed Consolidated Statement of Operations
Direct operating expenses (exclusive of depreciation and amortization as reflected below)	$	132		$	(2	)	$	130
Depreciation and amortization	49			15			64
Income tax expense	21			(3		)	18
Net income	103			(10		)	93
Less: Net income attributable to noncontrolling interest	37			(4		)	33
Net income attributable to CVR Energy stockholders	$	66		$	(6	)	$	60

Condensed Consolidated Statement of Cash Flows
Net cash provided by operating activities	$	24		$	2		$	26
Net cash used by investing activities	$	(20	)	$	(1	)	$	(21	)

Inventories (Tables)

3 Months Ended

Mar. 31, 2019

Inventory Disclosure [Abstract]

Schedule of components of inventories

Inventories consisted of the following:



(in millions)	March 31, 2019		December 31, 2018
Finished goods	$	184	$	186
Raw materials	103		105
In-process inventories	36		12
Parts, supplies and other	80		77
Total inventories	$	403	$	380

Property, Plant and Equipment (Tables)

3 Months Ended

Mar. 31, 2019

Property, Plant and Equipment [Abstract]

Summary of property, plant and equipment

Property, plant and equipment consisted of the following:



(in millions)	March 31, 2019		December 31, 2018
Machinery and equipment	$	3,830	$	3,785
Buildings	83		82
Construction in progress	73		102
Land and improvements	44		43
Furniture and fixtures	33		33
ROU finance leases	27		—
Other	17		22
	4,107		4,067
Less: Accumulated depreciation	1,689		1,637
Total property, plant and equipment, net	$	2,418	$	2,430

Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Right-of-use assets for operating and finance leases

As of January 1, 2019, upon initial recognition, our ROU assets for operating and finance leases were comprised of the following:



(in millions)	January 1, 2019 (initial recognition)
Pipeline and storage agreements (1)	$	29
Railcar leases (2)	15
Real Estate and other leases (3)	35
Total ROU assets	$	79

(1) Includes finance leased assets of $1 million as of January 1, 2019.

(2) Includes $14 million of railcar leases recognized by CVR Partners.

(3) Includes finance leased assets of $25 million as of January 1, 2019.

Lease liabilities for operating and finance leases

As of January 1, 2019, upon initial recognition, our lease liabilities for operating and finance leases were comprised of the following:



(in millions)	Consolidated Balance Sheet Classification	January 1, 2019 (initial recognition)
Current liabilities:
Operating leases	Other current liabilities	$	14
Finance leases	Other current liabilities	2
Long-term liabilities:
Operating leases	Other long-term liabilities	40
Finance leases	Long-term debt and finance lease obligations, net of current portion	23
Total lease liabilities		$	79

Summary of right of use asset and lease liability balances for operating and finance leases

The following tables summarize the right of use asset and lease liability balances for the Company’s operating and finance leases at March 31, 2019:



(in millions)	March 31, 2019
Operating Leases:
ROU assets, net
Pipeline and storage	$	26
Railcars	14
Real estate and other	11
Lease liability
Pipelines and storage	$	27
Railcars	14
Real estate and other	9



(in millions)	March 31, 2019
Financing Leases:
ROU assets, net
Pipeline and storage	$	31
Real estate and other	27
Lease liability
Pipelines and storage	$	42
Real estate and other	27

Lease expense, lease terms, and discount rates

For the three months ended March 31, 2019, we recognized net lease expense comprised of the following components:



(in millions)	March 31, 2019
Operating lease expense	$	4
Financing lease expense:
Amortization of ROU	$	2
Interest expense on lease liability	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, 2019		January 1, 2019
Weighted-average remaining lease term (years)
Operating Leases	4		4
Finance Leases	10		10
Weighted-average discount rate
Operating Leases	5.8	%	5.8	%
Finance Leases	9.6	%	9.8	%

Summary of Remaining Minimum Lease Payments for Operating Leases

The following summarizes the remaining minimum lease payments through maturity of the Company’s right-of-use assets and liabilities at March 31, 2019:



(in millions)	Operating Leases			Financing Leases
Remainder of 2019	$	13		$	8
2020	14			11
2021	12			11
2022	9			11
2023	6			10
Thereafter	4			53
Total lease payments	58			104
Less: imputed interest	(8		)	(35		)
Total lease liability	$	50		$	69

Summary of Remaining Minimum Lease Payments for Finance Leases

The following summarizes the remaining minimum lease payments through maturity of the Company’s right-of-use assets and liabilities at March 31, 2019:



(in millions)	Operating Leases			Financing Leases
Remainder of 2019	$	13		$	8
2020	14			11
2021	12			11
2022	9			11
2023	6			10
Thereafter	4			53
Total lease payments	58			104
Less: imputed interest	(8		)	(35		)
Total lease liability	$	50		$	69

Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Schedule of long-term debt

Long-term debt consists of the following:



(in millions)	March 31, 2019			December 31, 2018
CVR Partners:
9.25% Senior Secured Notes due 2023 (1)	$	645		$	645
6.50% Senior Notes due 2021	2			2
Unamortized discount and debt issuance costs	(17		)	(18		)
Total CVR Partners Debt	$	630		$	629

6.50% Senior Notes due 2022 (2)	$	500		$	500
Finance lease obligations	69			44
Unamortized debt issuance cost	(3		)	(3		)
Current portion of finance lease obligations	(5		)	(3		)
Total Other Debt	$	561		$	538

Total Long-Term Debt	$	1,191		$	1,167


(1)	This debt was issued at a $16 million discount which is being amortized, as interest expense, over the remaining term of the debt. Debt issuance costs associated with this debt totaled $9 million.

(2)

Credit Facilities




(in millions)	Total Capacity		Amount Borrowed as of March 31, 2019		Outstanding Letters of Credit		Available Capacity as of March 31, 2019		Maturity Date

Amended and Restated Asset Based (ABL) Credit Facility (3)	$	400	$	—	$	7	$	393	November 14, 2022
Asset Based (ABL) Credit Facility (4)	50		—		—		50		September 30, 2021


(3)	Loans under the Amended and Restated 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.


(4)	Loans under the ABL Credit Facility initially bear interest at an annual rate equal to (i) 2.00% plus LIBOR or (ii) 1.00% plus a base rate, subject to a 0.50% step-down based on the previous quarter’s excess availability.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
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-Section 45
-Paragraph 2
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Shareholders Equity (Tables)

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

Summary of shareholders equity and non-controlling interest

The following table summarizes the shareholders equity and non-controlling interest balances for the three months ended March 31, 2019 and March 31, 2018.



(in millions)	Total CVR Stockholders’ Equity			Noncontrolling Interest			Total Equity
Balance at December 31, 2018	$	1,286		$	657		$	1,943
Net income	101			1			102
Dividends to CVR Energy stockholders	(75		)	—			(75		)
Distributions to CVR Partners’ public unitholders	—			(9		)	(9		)
Effect of turnaround accounting change	34			—			34
Acquisition of CVR Refining common units (1)	(1		)	(334		)	(335		)
Other	(2		)	—			(2		)
Balance at March 31, 2019	$	1,343		$	315		$	1,658

(1) Included within this amount is $34 million which reflects the impact of the change in accounting policy for turnaround expenditures.



(in millions)	Total CVR Stockholders’ Equity			Noncontrolling Interest			Total Equity
Balance at December 31, 2017	$	919		$	785		$	1,704
Net income	60			33			93
Dividends to CVR Energy stockholders	(43		)	—			(43		)
Distributions to CVR Refining public unitholders	—			(23		)	(23		)
Effect of turnaround accounting change	68			50			118
Balance at March 31, 2018	$	1,004		$	845		$	1,849

Revenue (Tables)

3 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Abstract]

Revenue disaggregated by major product



	Three Months Ended March 31, 2019
(in millions)	Petroleum		Nitrogen Fertilizer		Other / Eliminations			Consolidated
Major Product
Gasoline	$	673	$	—	$	—		$	673
Distillates (1)	651		—		—			651
Ammonia	—		13		—			13
UAN	—		64		—			64
Other urea products	—		5		—			5
Freight revenue	6		8		—			14
Other (2)	43		2		(3		)	42
Revenue from product sales	1,373		92		(3		)	1,462

Crude oil sales	23		—		—			23
Other revenue (2)	1		—		—			1
Total revenue	$	1,397	$	92	$	(3	)	$	1,486



	Three Months Ended March 31, 2018
(in millions)	Petroleum		Nitrogen Fertilizer		Other / Eliminations			Consolidated
Major Product
Gasoline	$	712	$	—	$	—		$	712
Distillates (1)	652		—		—			652
Ammonia	—		12		—			12
UAN	—		53		—			53
Other urea products	—		5		—			5
Freight revenue	5		9		—			14
Other (2)	56		—		(1		)	55
Revenue from product sales	1,425		79		(1		)	1,503

Crude oil sales	32		—		—			32
Other revenue	1		1		—			2
Total revenue	$	1,458	$	80	$	(1	)	$	1,537


(1)	Distillates consist primarily of diesel fuel, kerosene and jet fuel.


(2)	Other revenue consists primarily of feedstock and asphalt sales and Cushing, OK storage tank lease revenue. See Note 5 (“Property, Plant and Equipment”) for further discussion on the Cushing, OK storage tanks.

Summary of deferred revenue activity

A summary of CVR Partners’ deferred revenue activity during the three months ended March 31, 2019 is presented below:



(in millions)
Balance at December 31, 2018	$	69
Add:
New prepay contracts entered into during the period (1)	9
Less:
Revenue recognized that was included in the contract liability balance at the beginning of the period	12
Revenue recognized related to contracts entered into during the period	1
Balance at March 31, 2019	$	65

Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Gain (loss) on derivatives



Gain (Loss) on Derivatives
	Three Months Ended March 31,
(in millions)	2019			2018
Forward purchases	$	17		$	14
Swaps	—			45
Futures	(1		)	—
Total gain (loss) on derivatives, net	$	16		$	59

Schedule of open commodity derivative instruments



Open Commodity Derivative Instruments
	Three Months Ended March 31,
(in millions of barrels)	2019	2018
Commodity Swap Instruments:
2-1-1 Crack spreads	—	2
Distillate Crack spreads	—	1
Gasoline Crack spreads	—	1
Purchase and Sale Commitments - Futures Contracts:
Canadian crude oil	2	4

Derivative offsetting assets



	Derivative Assets					Derivative Liabilities
(in millions)	March 31, 2019		December 31, 2018			March 31, 2019		December 31, 2018
Commodity Derivatives	$	1	$	8		$	—	$	1
Less: Counterparty Netting	—		(1		)	—		(1		)
Total Net Fair Value of Derivatives	$	1	$	7		$	—	$	—

Derivative offsetting liabilities



	Derivative Assets					Derivative Liabilities
(in millions)	March 31, 2019		December 31, 2018			March 31, 2019		December 31, 2018
Commodity Derivatives	$	1	$	8		$	—	$	1
Less: Counterparty Netting	—		(1		)	—		(1		)
Total Net Fair Value of Derivatives	$	1	$	7		$	—	$	—

Assets and liabilities measured at fair value on a recurring basis

The following table sets forth the assets and liabilities measured or disclosed at fair value on a recurring basis, by input level, as of March 31, 2019 and December 31, 2018:



	March 31, 2019
(in millions)	Level 1		Level 2			Level 3		Total
Location and Description
Other current assets (investments)	—		1			—		1
Total Assets	$	—	$	1		$	—	$	1
Other current liabilities (Renewable Fuel Standard “RFS” obligation)	—		(16		)	—		(16		)
Total Liabilities	$	—	$	(16	)	$	—	$	(16	)



	December 31, 2018
(in millions)	Level 1		Level 2			Level 3		Total
Location and Description
Other current assets (investments)	—		7			—		7
Total Assets	$	—	$	7		$	—	$	7
Other current liabilities (RFS obligation)	—		(2		)	—		(2		)
Total Liabilities	$	—	$	(2	)	$	—	$	(2	)

Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of share-based compensation expense

A summary of compensation expense during the three months ended March 31, 2019 and 2018 is presented below:



	Three Months Ended March 31,
(in millions)	2019		2018
CVR Energy LTIP
Performance Unit Award	$	—	$	1
CVR Refining LTIP
Phantom Units Award	1		1
CVR Partners LTIP
Phantom Units Award	1		1
Incentive Unit Awards	3		(1		)
Total Share-Based Compensation Expense	$	5	$	2

Business Segments (Tables)

3 Months Ended

Mar. 31, 2019

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 March 31,
(in millions)	2019			2018
Net sales
Petroleum	$	1,397		$	1,458
Nitrogen Fertilizer	92			80
Other	(3		)	(1		)
Total	$	1,486		$	1,537
Operating Income
Petroleum	$	156		$	143
Nitrogen Fertilizer	9			(3		)
Other	(5		)	(4		)
Total operating income	160			136
Interest expense, net	(26		)	(27		)
Other income, net	3			2
Income before income taxes	$	137		$	111
Depreciation and amortization
Petroleum	49			48
Nitrogen Fertilizer	16			16
Other	2			3
Total	$	67		$	67
Capital expenditures
Petroleum	$	20		$	14
Nitrogen Fertilizer	3			4
Other	—			1
Total	$	23		$	19

The following table summarizes total assets by segment:



(in millions)	March 31, 2019			December 31, 2018
Petroleum	$	2,714		$	2,452
Nitrogen Fertilizer	1,247			1,254
Other (1)	(87		)	294
Total Assets	$	3,874		$	4,000

(1)Includes elimination of intercompany assets.

Supplemental Cash Flow Information (Tables)

3 Months Ended

Mar. 31, 2019

Supplemental Cash Flow Elements [Abstract]

Schedule of cash flows related to income taxes, interest, and construction in process

Cash flows related to income taxes, interest and construction in process were as follows:



	Three Months Ended March 31,
(in millions)	2019			2018
Supplemental disclosures:
Cash paid for interest	2			3
Non-cash investing activities:
Capital expenditure additions included in accounts payable	$	(6	)	$	(1	)
Turnaround expenditures included in accounts payable	(7		)	—

Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2019

Summary of dividends paid

The following is a summary of dividends paid to the Company’s stockholders, including IEP, for the respective quarters to which the distributions relate:



(in millions, except per share data)	December 31, 2018		Total Dividends Paid in 2019
Amount paid to IEP	$	54	$	54
Amount paid to public stockholders	21		21
Total amount paid	$	75	$	75

Per common share	$	0.75	$	0.75
Shares outstanding (in millions)	100.6		100.6

Schedule of related party transactions

Activity associated with the Company’s related party arrangements for the three month periods ended March 31, 2019 and 2018 is summarized below:

Expenses with related parties



	Three Months Ended March 31,
(in millions)	2019		2018
Cost of materials and other
Joint Venture Transportation Agreement:
Enable	$	2	$	—

Amounts due from related parties



(in millions)	March 31, 2019		December 31, 2018
Tax Allocation Agreement:
American Entertainment Properties Corporation (“AEPC”)	$	4	$	4

Guarantor Financial Information (Tables)

3 Months Ended

Mar. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Guarantor Consolidating Balance Sheet

Condensed Consolidating Balance Sheet



	March 31, 2019
(in millions)	Parent			Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Intercompany Elimination			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	8		$	306	$	54	$	99	$	—		$	467
Accounts receivable	—			—		176		17		—			193
Due to/from parent	4			—		—		—		—			4
Intercompany receivable	(65		)	—		13		73		(21		)	—
Inventories	—			—		331		72		—			403
Prepaid expenses and other current assets	26			—		30		—		2			58
Total current assets	(27		)	306		604		261		(19		)	1,125
Property, plant and equipment, net of accumulated depreciation	—			—		1,418		1,000		—			2,418
Investment in and advances from subsidiaries	1,444			1,696		166		1,726		(5,032		)	—
Other long-term assets	—			1		278		52		—			331
Total assets	$	1,417		$	2,003	$	2,466	$	3,039	$	(5,051	)	$	3,874
LIABILITIES AND PARTNERS’ CAPITAL
Current liabilities:
Accounts payable	$	1		$	—	$	334	$	24	$	—		$	359
Intercompany payables	—			—		8		13		(21		)	—
Other current liabilities	49			14		76		80		2			221
Total current liabilities	50			14		418		117		(19		)	580
Long-term liabilities:
Long-term debt and finance lease obligations, net of current portion	—			496		64		631		—			1,191
Investment and advances from subsidiaries	—			—		—		16		(16		)	—
Deferred income taxes	20			—		—		375		—			395
Other long-term liabilities	4			—		35		11		—			50
Total long-term liabilities	24			496		99		1,033		(16		)	1,636
Commitments and contingencies
Equity:
Total CVR stockholders’ equity	1,343			1,493		1,949		1,574		(5,016		)	1,343
Noncontrolling interest	—			—		—		315		—			315
Total equity	1,343			1,493		1,949		1,889		(5,016		)	1,658
Total liabilities and equity	$	1,417		$	2,003	$	2,466	$	3,039	$	(5,051	)	$	3,874

Condensed Consolidating Balance Sheet



	December 31, 2018
(in millions)	Parent			Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Intercompany Elimination			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	3		$	340	$	261	$	64	$	—		$	668
Accounts receivable	—			—		107		62		—			169
Due to/from parent	4			—		—		—		—			4
Intercompany receivable	6			—		4		—		(10		)	—
Inventories	—			—		316		64		—			380
Prepaid expenses and other current assets	27			1		49		4		(9		)	72
Total current assets	40			341		737		194		(19		)	1,293
Property, plant and equipment, net of accumulated depreciation	—			—		1,413		1,017		—			2,430
Investment in and advances from subsidiaries	1,228			1,601		172		1,440		(4,441		)	—
Other long-term assets	—			1		231		45		—			277
Total assets	$	1,268		$	1,943	$	2,553	$	2,696	$	(4,460	)	$	4,000
LIABILITIES AND PARTNERS’ CAPITAL
Current liabilities:
Accounts payable	$	1		$	—	$	293	$	26	$	—		$	320
Intercompany payables	—			—		—		10		(10		)	—
Other current liabilities	6			7		74		97		(8		)	176
Total current liabilities	7			7		367		133		(18		)	496
Long-term liabilities:
Long-term debt and finance lease obligations, net of current portion	—			496		42		629		—			1,167
Investment and advances from subsidiaries	—			—		106		—		(106		)	—
Deferred income taxes	(24		)	—		—		404		—			380
Other long-term liabilities	3			—		7		4		—			14
Total long-term liabilities	(21		)	496		155		1,037		(106		)	1,561
Commitments and contingencies
Equity:
Total CVR stockholders’ equity	1,282			1,440		1,701		1,199		(4,336		)	1,286
Noncontrolling interest	—			—		330		327		—			657
Total equity	1,282			1,440		2,031		1,526		(4,336		)	1,943
Total liabilities and equity	$	1,268		$	1,943	$	2,553	$	2,696	$	(4,460	)	$	4,000

Guarantor Consolidated Statement of Operations

Condensed Consolidating Statement of Operations



	Three Months Ended March 31, 2019
(in millions)	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Intercompany Eliminations			Consolidated
Net sales	$	—		$	—		$	1,397		$	92		$	(3	)	$	1,486
Operating costs and expenses:
Cost of materials and other	—			—			1,080			24			(3		)	1,101
Direct operating expenses (exclusive of depreciation and amortization as reflected below)	—			—			91			35			—			126
Depreciation and amortization	—			—			48			17			—			65
Cost of sales	—			—			1,219			76			(3		)	1,292
Selling, general and administrative expenses (exclusive of depreciation and amortization as reflected below)	5			—			18			7			—			30
Depreciation and amortization	—			—			2			—			—			2
Loss on asset disposals	—			—			2			—			—			2
Operating income (loss)	(5		)	—			156			9			—			160
Other income (expense):
Interest expense, net	(1		)	(7		)	(2		)	(16		)	—			(26		)
Other income, net	—			—			3			—			—			3
Income (loss) from subsidiaries	121			144			(9		)	(9		)	(247		)	—
Income (loss) before income taxes	115			137			148			(16		)	(247		)	137
Income tax expense (benefit)	14			—			—			21			—			35
Net income (loss)	101			137			148			(37		)	(247		)	102
Less: Net income attributable to noncontrolling interest	—			—			5			(4		)	—			1
Net income (loss) attributable to CVR Energy stockholders	$	101		$	137		$	143		$	(33	)	$	(247	)	$	101

Condensed Consolidating Statement of Operations



	Three Months Ended March 31, 2018
(in millions)	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Intercompany Eliminations			Consolidated
Net sales	$	—		$	—		$	1,458		$	80		$	(1	)	$	1,537
Operating costs and expenses:
Cost of materials and other	—			—			1,158			23			(1		)	1,180
Direct operating expenses (exclusive of depreciation and amortization as reflected below)	—			—			91			39			—			130
Depreciation and amortization	—			—			48			16			—			64
Cost of sales	—			—			1,297			78			(1		)	1,374
Selling, general and administrative expenses (exclusive of depreciation and amortization as reflected below)	3			—			15			6			—			24
Depreciation and amortization	—			—			3			—			—			3
Loss on asset disposals	—			—			—			—			—			—
Operating income (loss)	(3		)	—			143			(4		)	—			136
Other income (expense):
Interest expense, net	—			(8		)	(3		)	(16		)	—			(27		)
Other income, net	—			—			1			1			—			2
Income (loss) from subsidiaries	62			144			(15		)	(10		)	(181		)	—
Income (loss) before income taxes	59			136			126			(29		)	(181		)	111
Income tax expense (benefit)	(1		)	—			—			19			—			18
Net income (loss)	60			136			126			(48		)	(181		)	93
Less: Net income attributable to noncontrolling interest	—			—			46			(13		)	—			33
Net income (loss) attributable to CVR Energy stockholders	$	60		$	136		$	80		$	(35	)	$	(181	)	$	60

Guarantor Consolidated Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows



	Three Months Ended March 31, 2019
(in millions)	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Intercompany Elimination			Consolidated
Net cash provided by (used in) operating activities	$	40		$	1		$	176		$	12		$	(1	)	$	228

Cash flows from investing activities:
Capital expenditures	—			—			(25		)	(4		)	—			(29		)
Turnaround expenditures	—			—			(13		)	—			—			(13		)
Investment in affiliates, net of return of investment	341			(28		)	(137		)	41			(217		)	—
Other investing activities	—			—			—			—			—			—
Net cash provided by (used in) investing activities	341			(28		)	(175		)	37			(217		)	(42		)

Cash flows from financing activities:
Dividends to CVR Energy stockholders	(75		)	—			—			—			—			(75		)
Acquisition of CVR Refining common units	(301		)	—			—			—			—			(301		)
Distributions to CVR Partners’ noncontrolling interest holders	—			—			—			(9		)	—			(9		)
Distributions or intercompany advances to other CVR Energy subsidiaries	—			(7		)	(206		)	(5		)	218			—
Other financing activities	—			—			(2		)	—			—			(2		)
Net cash provided by (used in) financing activities	(376		)	(7		)	(208		)	(14		)	218			(387		)
Net increase (decrease) in cash and cash equivalents	5			(34		)	(207		)	35			—			(201		)
Cash and cash equivalents, beginning of period	3			340			261			64			—			668
Cash and cash equivalents, end of period	$	8		$	306		$	54		$	99		$	—		$	467

Condensed Consolidating Statement of Cash Flows



	Three Months Ended March 31, 2018
(in millions)	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Intercompany Elimination			Consolidated
Net cash provided by (used in) operating activities	$	12		$	2		$	8		$	5		$	(1	)	$	26

Cash flows from investing activities:
Capital expenditures	(1		)	—			(15		)	(4		)	—			(20		)
Turnaround expenditures	—			—			(1		)	—			—			(1		)
Investment in affiliates, net of return of investment	36			25			(221		)	(14		)	174			—
Other investing activities	—			—			—			—			—			—
Net cash provided by (used in) investing activities	35			25			(237		)	(18		)	174			(21		)

Cash flows from financing activities:
CVR Energy shareholder dividends	(43		)	—			—			—			—			(43		)
Distributions to CVR Refining noncontrolling interest holders	—			—			(20		)	—			—			(20		)
Distributions to CVR Partners’ noncontrolling interest holders	—			—			—			(3		)	—			(3		)
Distributions or intercompany advances to other CVR Energy subsidiaries	—			(92		)	238			27			(173		)	—
Other financing activities	—			—			(2		)	1			—			(1		)
Net cash provided by (used in) financing activities	(43		)	(92		)	216			25			(173		)	(67		)
Net increase (decrease) in cash and cash equivalents	4			(65		)	(13		)	12			—			(62		)
Cash and cash equivalents, beginning of period	4			163			264			51			—			482
Cash and cash equivalents, end of period	$	8		$	98		$	251		$	63		$	—		$	420

Organization and Nature of Business (Details)		3 Months Ended
Organization and Nature of Business (Details)	Jan. 29, 2019 USD ($) $ / shares	Mar. 31, 2019 segment
Organization, Consolidation, and Presentation of Financial Statements [Line Items]
Number of business segments \| segment		2
Term Loan Facility
Organization, Consolidation, and Presentation of Financial Statements [Line Items]
Borrowing capacity	$ 105,000,000
CVR Refining
Organization, Consolidation, and Presentation of Financial Statements [Line Items]
Cash purchase price	$ 301,000,000
CVR Refining Public Unit Purchase
Organization, Consolidation, and Presentation of Financial Statements [Line Items]
Cash purchase price (in dollars per share) \| $ / shares	$ 10.50
Cash purchase price	$ 241,000,000
CVRR Affiliate Unit Purchase \| AEP and IEP
Organization, Consolidation, and Presentation of Financial Statements [Line Items]
Cash purchase price	$ 60,000,000
CVR Partners
Organization, Consolidation, and Presentation of Financial Statements [Line Items]
Percentage of interest held by the public		66.00%
Coffeyville Resources LLC (CRLLC) \| CVR Partners
Organization, Consolidation, and Presentation of Financial Statements [Line Items]
Percentage of common units owned by wholly-owned subsidiary		34.00%
Coffeyville Resources LLC (CRLLC) \| CVR Refining GP, LLC
Organization, Consolidation, and Presentation of Financial Statements [Line Items]
Percentage of common units owned by general partner		100.00%
IEP and Affiliates
Organization, Consolidation, and Presentation of Financial Statements [Line Items]
Ownership percentage held by controlling stockholder		71.00%

Recent Accounting Pronouncements and Accounting Changes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Jan. 01, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Lease liabilities	$ 50
Finance lease obligations	$ 69
Estimated time until next turnaround occurs	4 years
Topic 842
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ROU assets		$ 56
Lease liabilities		56
Finance lease asset		26
Finance lease obligations		$ 23

Recent Accounting Pronouncements and Accounting Changes - Schedule of Effects of Accounting Standards Adoption and Accounting Changes on Consolidated Balance Sheet (Details) - USD ($) $ in Millions	Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Prepaid expenses and other current assets	$ 58	$ 69	$ 72
Total currents assets	1,125	1,290	1,293
Property, plant and equipment, net of accumulated depreciation (CVR Partners: $997 and $1,015, respectively)	2,418	2,456	2,430
Other long-term assets	331	333	277
Total assets	3,874	4,079	4,000
Current liabilities:
Other current liabilities (CVR Partners: $102 and $96, respectively)	221	192	176
Total current liabilities	580	512	496
Long-term liabilities:
Long-term debt and finance lease obligations, net of current portion (CVR Partners: $630 and $629, respectively)	1,191	1,190	1,167
Other long-term liabilities	50	54	14
Deferred income taxes	395		380
Total long-term liabilities	1,636	1,624	1,561
CVR stockholders’ equity:
Additional paid-in-capital	1,506		1,474
Retained deficit	(162)		(187)
Total CVR stockholders’ equity	1,343		1,286
Noncontrolling interest	315		657
Total equity	1,658		1,943	$ 1,849	$ 1,704
Total liabilities and equity	3,874	4,079	4,000
Finance lease, liability	69
As Previously Reported
Current assets:
Property, plant and equipment, net of accumulated depreciation (CVR Partners: $997 and $1,015, respectively)			2,445
Other long-term assets			169
Total assets			3,907
Long-term liabilities:
Deferred income taxes			362
Total long-term liabilities			1,543
CVR stockholders’ equity:
Additional paid-in-capital			1,473
Retained deficit			(226)
Total CVR stockholders’ equity			1,246
Noncontrolling interest			622
Total equity			1,868
Total liabilities and equity			3,907
Effect of Turnaround Accounting Change (Unaudited) \| Effect of Adoption / Policy Change
Current assets:
Property, plant and equipment, net of accumulated depreciation (CVR Partners: $997 and $1,015, respectively)			(15)
Other long-term assets			108
Total assets			93
Long-term liabilities:
Deferred income taxes			18
Total long-term liabilities			18
CVR stockholders’ equity:
Additional paid-in-capital			1
Retained deficit			39
Total CVR stockholders’ equity			40
Noncontrolling interest			35
Total equity			75
Total liabilities and equity			93
Topic 842
Current assets:
Prepaid expenses and other current assets		(3)
Total currents assets		(3)
Property, plant and equipment, net of accumulated depreciation (CVR Partners: $997 and $1,015, respectively)		26
Other long-term assets		56
Total assets		79
Current liabilities:
Other current liabilities (CVR Partners: $102 and $96, respectively)		16
Total current liabilities		16
Long-term liabilities:
Long-term debt and finance lease obligations, net of current portion (CVR Partners: $630 and $629, respectively)		23
Other long-term liabilities		40
Total long-term liabilities		63
CVR stockholders’ equity:
Total liabilities and equity		79
Finance lease, right-of-use asset		26
Finance lease, liability		$ 23
CVR Partners
Current assets:
Property, plant and equipment, net of accumulated depreciation (CVR Partners: $997 and $1,015, respectively)	997		1,015
Current liabilities:
Other current liabilities (CVR Partners: $102 and $96, respectively)	102		96
Long-term liabilities:
Long-term debt and finance lease obligations, net of current portion (CVR Partners: $630 and $629, respectively)	$ 630		$ 629

Recent Accounting Pronouncements and Accounting Changes Recent Accounting Pronouncements and Accounting Changes - Effect of Accounting Standards Adoption and Accounting Changes on Statement of Operations and Statement of Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Condensed Consolidated Statement of Operations
Direct operating expenses (exclusive of depreciation and amortization as reflected below)	$ 126	$ 130
Depreciation and amortization	65	64
Income tax expense	35	18
Net income	102	93
Less: Net income attributable to noncontrolling interest	1	33
Net income (loss) attributable to CVR Energy stockholders	101	60
Condensed Consolidated Statement of Cash Flows
Net cash provided by operating activities	228	26
Net cash used by investing activities	$ (42)	(21)
As Previously Reported
Condensed Consolidated Statement of Operations
Direct operating expenses (exclusive of depreciation and amortization as reflected below)		132
Depreciation and amortization		49
Income tax expense		21
Net income		103
Less: Net income attributable to noncontrolling interest		37
Net income (loss) attributable to CVR Energy stockholders		66
Condensed Consolidated Statement of Cash Flows
Net cash provided by operating activities		24
Net cash used by investing activities		(20)
Effect of Turnaround Accounting Change \| Effect of Turnaround Accounting Change (Unaudited)
Condensed Consolidated Statement of Operations
Direct operating expenses (exclusive of depreciation and amortization as reflected below)		(2)
Depreciation and amortization		15
Income tax expense		(3)
Net income		(10)
Less: Net income attributable to noncontrolling interest		(4)
Net income (loss) attributable to CVR Energy stockholders		(6)
Condensed Consolidated Statement of Cash Flows
Net cash provided by operating activities		2
Net cash used by investing activities		$ (1)

Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Finished goods	$ 184	$ 186
Raw materials	103	105
In-process inventories	36	12
Parts, supplies and other	80	77
Total inventories	$ 403	$ 380

Property, Plant and Equipment (Details) - USD ($)	3 Months Ended
Property, Plant and Equipment (Details) - USD ($)	Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
Property, Plant, and Equipment
Total property, plant and equipment, gross	$ 4,107,000,000		$ 4,067,000,000
Less: Accumulated depreciation	1,689,000,000		1,637,000,000
Total property, plant and equipment, net	2,418,000,000	$ 2,456,000,000	2,430,000,000
Assets Held for Sale
Property, Plant, and Equipment
Carrying value of assets held for sale	33,000,000
Loss recognized associated with held for sale assets	0
Machinery and equipment
Property, Plant, and Equipment
Total property, plant and equipment, gross	3,830,000,000		3,785,000,000
Buildings
Property, Plant, and Equipment
Total property, plant and equipment, gross	83,000,000		82,000,000
Construction in progress
Property, Plant, and Equipment
Total property, plant and equipment, gross	73,000,000		102,000,000
Land and improvements
Property, Plant, and Equipment
Total property, plant and equipment, gross	44,000,000		43,000,000
Furniture and fixtures
Property, Plant, and Equipment
Total property, plant and equipment, gross	33,000,000		33,000,000
ROU finance leases
Property, Plant, and Equipment
Total property, plant and equipment, gross	27,000,000		0
Other
Property, Plant, and Equipment
Total property, plant and equipment, gross	$ 17,000,000		$ 22,000,000

Leases - Additional Information (Details)	3 Months Ended
Leases - Additional Information (Details)	Mar. 31, 2019
Minimum
Lessee, Lease, Description [Line Items]
Renewal term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Renewal term	20 years

Leases - ROU Assets (Details) - USD ($) $ in Millions	Mar. 31, 2019	Jan. 01, 2019
Lessee, Lease, Description [Line Items]
Total ROU assets		$ 79
Pipeline and storage agreements
Lessee, Lease, Description [Line Items]
Total ROU assets		29
Finance lease asset	$ 31	1
Railcar leases
Lessee, Lease, Description [Line Items]
Total ROU assets		15
Railcar leases \| CVR Partners
Lessee, Lease, Description [Line Items]
Total ROU assets		14
Real Estate and other leases
Lessee, Lease, Description [Line Items]
Total ROU assets		35
Finance lease asset	$ 27	$ 25

Leases - Lease Liabilities (Details) $ in Millions	Jan. 01, 2019 USD ($)
Current liabilities:
Operating leases	$ 14
Finance leases	2
Long-term liabilities:
Operating leases	40
Finance leases	23
Total lease liabilities	$ 79

Leases - Balance Sheet Summary (Details) - USD ($) $ in Millions	Mar. 31, 2019	Jan. 01, 2019
Operating Leases:
Lease liability	$ 50
Financing Leases:
Lease liability	69
Pipeline and storage
Operating Leases:
ROU assets, net	26
Lease liability	27
Financing Leases:
ROU assets, net	31	$ 1
Lease liability	42
Railcars
Operating Leases:
ROU assets, net	14
Lease liability	14
Real estate and other
Operating Leases:
ROU assets, net	11
Lease liability	9
Financing Leases:
ROU assets, net	27	$ 25
Lease liability	$ 27

Leases - Lease Expense (Details) $ in Millions	3 Months Ended
Leases - Lease Expense (Details) $ in Millions	Mar. 31, 2019 USD ($)
Leases [Abstract]
Operating lease expense	$ 4
Financing lease expense:
Amortization of ROU	2
Interest expense on lease liability	2
Short-term lease expense	$ 2

Leases - Lease Terms and Discount Rates (Details)	Mar. 31, 2019	Jan. 01, 2019
Weighted-average remaining lease term (years)
Operating Leases	4 years	4 years
Finance Leases	10 years	10 years
Weighted-average discount rate
Operating Leases	5.80%	5.80%
Finance Leases	9.60%	9.80%

Leases - Remaining Minimum Lease Payments (Details) $ in Millions	Mar. 31, 2019 USD ($)
Operating Leases
Remainder of 2019	$ 13
2020	14
2021	12
2022	9
2023	6
Thereafter	4
Total lease payments	58
Less: imputed interest	(8)
Lease liability	50
Financing Leases
Remainder of 2019	8
2020	11
2021	11
2022	11
2023	10
Thereafter	53
Total lease payments	104
Less: imputed interest	(35)
Lease liability	$ 69

Long-Term Debt - Schedule of Long-term Debt (Details) - USD ($) $ in Millions	Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Finance lease obligations	$ 69
Current portion of finance lease obligations		$ (2)
Total Long-Term Debt	1,191	$ 1,190	$ 1,167
Senior Notes \| 6.50% Senior Notes due 2022
Debt Instrument [Line Items]
Debt issuance costs	9
Other
Debt Instrument [Line Items]
Finance lease obligations	69
Finance lease obligations			44
Unamortized discount and debt issuance costs	(3)		(3)
Current portion of finance lease obligations	(5)
Current portion of finance lease obligations			(3)
Total Long-Term Debt	561		538
Other \| Senior Notes \| 6.50% Senior Notes due 2022
Debt Instrument [Line Items]
Total long-term debt, before debt issuance costs and discount	$ 500		500
Stated interest rate	6.50%
CVR Partners
Debt Instrument [Line Items]
Unamortized discount and debt issuance costs	$ (17)		(18)
Total CVR Partners Debt	630		629
Total Long-Term Debt	630		629
CVR Partners \| Senior Notes \| 9.25% Senior Secured Notes due 2023
Debt Instrument [Line Items]
Total long-term debt, before debt issuance costs and discount	$ 645		645
Stated interest rate	9.25%
Unamortized debt discount	$ 16
Debt issuance costs	9
CVR Partners \| Senior Notes \| 6.50% Senior Notes due 2021
Debt Instrument [Line Items]
Total long-term debt, before debt issuance costs and discount	$ 2		$ 2
Stated interest rate	6.50%

Long-Term Debt - Credit Facilities Outstanding (Details) - Line of Credit - Revolving Credit Facility	3 Months Ended
	Mar. 31, 2019 USD ($)
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	7,000,000
Available Capacity	$ 393,000,000
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%
Asset Based (ABL) Credit Facility
Line of Credit Facility [Line Items]
Total Capacity	$ 50,000,000
Amount Borrowed	0
Outstanding Letters of Credit	0
Available Capacity	$ 50,000,000
Asset Based (ABL) Credit Facility \| LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate	2.00%
Asset Based (ABL) Credit Facility \| Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.00%
Variable rate step-down	0.50%

Shareholders Equity (Details) - USD ($) $ in Millions		3 Months Ended
Shareholders Equity (Details) - USD ($) $ in Millions	Feb. 20, 2019	Mar. 31, 2019	Mar. 31, 2018	Jan. 01, 2019	Jan. 01, 2018
Increase (Decrease) in Stockholders' Equity
Beginning balance		$ 1,943	$ 1,704
Net income		102	93
Dividends to CVR Energy stockholders	$ (75)	(75)	(43)
Distributions to CVR Partners’ public unitholders		(9)	(23)
Effect of turnaround accounting change				$ 34	$ 118
Acquisition of CVR Refining common units		(335)
Other		(2)
Ending balance		1,658	1,849
Total CVR Stockholders’ Equity
Increase (Decrease) in Stockholders' Equity
Beginning balance		1,286	919
Net income		101	60
Dividends to CVR Energy stockholders		(75)	(43)
Distributions to CVR Partners’ public unitholders		0	0
Effect of turnaround accounting change				34	68
Acquisition of CVR Refining common units		(1)
Other		(2)
Ending balance		1,343	1,004
Noncontrolling Interest
Increase (Decrease) in Stockholders' Equity
Beginning balance		657	785
Net income		1	33
Dividends to CVR Energy stockholders		0	0
Distributions to CVR Partners’ public unitholders		(9)	(23)
Effect of turnaround accounting change				$ 0	$ 50
Acquisition of CVR Refining common units		(334)
Other		0
Ending balance		315	845
Effect of Turnaround Accounting Change (Unaudited) \| Effect of Turnaround Accounting Change
Increase (Decrease) in Stockholders' Equity
Beginning balance		75
Net income			$ (10)
Acquisition of CVR Refining common units		$ (34)

Shareholders Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions					3 Months Ended
	May 13, 2019	Apr. 24, 2019	Mar. 11, 2019	Feb. 20, 2019	Mar. 31, 2019	Mar. 31, 2018
Dividends Payable [Line Items]
Dividends declared (in dollars per share)				$ 0.75	$ 0.75	$ 0.50
Dividends declared				$ 75.0	$ 75.0	$ 43.0
Distribution paid			$ 5.0
Majority Shareholder
Dividends Payable [Line Items]
Dividends declared			$ 54.0
CVR Partners
Dividends Payable [Line Items]
Distribution paid (in dollars per share)			$ 0.12
Distribution paid			$ 13.9
Subsequent Event
Dividends Payable [Line Items]
Dividends declared (in dollars per share)		$ 0.75
Dividends declared		$ 75.0
Proceeds from distribution	$ 3.0
Subsequent Event \| Majority Shareholder
Dividends Payable [Line Items]
Dividends declared	$ 54.0
Subsequent Event \| CVR Partners
Dividends Payable [Line Items]
Distributions declared (in dollars per share)		$ 0.07
Distributions declared		$ 8.0

Revenue - Revenue Disaggregated by Major Product (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Total revenue	$ 1,486	$ 1,537
Revenue from product sales
Disaggregation of Revenue [Line Items]
Revenue from product sales	1,462	1,503
Gasoline
Disaggregation of Revenue [Line Items]
Revenue from product sales	673	712
Distillates
Disaggregation of Revenue [Line Items]
Revenue from product sales	651	652
Ammonia
Disaggregation of Revenue [Line Items]
Revenue from product sales	13	12
UAN
Disaggregation of Revenue [Line Items]
Revenue from product sales	64	53
Other urea products
Disaggregation of Revenue [Line Items]
Revenue from product sales	5	5
Freight revenue
Disaggregation of Revenue [Line Items]
Revenue from product sales	14	14
Other
Disaggregation of Revenue [Line Items]
Revenue from product sales	42	55
Crude oil sales
Disaggregation of Revenue [Line Items]
Revenue from product sales	23	32
Other revenue
Disaggregation of Revenue [Line Items]
Other revenue	1	2
Operating Segments \| Petroleum
Disaggregation of Revenue [Line Items]
Total revenue	1,397	1,458
Operating Segments \| Petroleum \| Revenue from product sales
Disaggregation of Revenue [Line Items]
Revenue from product sales	1,373	1,425
Operating Segments \| Petroleum \| Gasoline
Disaggregation of Revenue [Line Items]
Revenue from product sales	673	712
Operating Segments \| Petroleum \| Distillates
Disaggregation of Revenue [Line Items]
Revenue from product sales	651	652
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	6	5
Operating Segments \| Petroleum \| Other
Disaggregation of Revenue [Line Items]
Revenue from product sales	43	56
Operating Segments \| Petroleum \| Crude oil sales
Disaggregation of Revenue [Line Items]
Revenue from product sales	23	32
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	92	80
Operating Segments \| Nitrogen Fertilizer \| Revenue from product sales
Disaggregation of Revenue [Line Items]
Revenue from product sales	92	79
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	13	12
Operating Segments \| Nitrogen Fertilizer \| UAN
Disaggregation of Revenue [Line Items]
Revenue from product sales	64	53
Operating Segments \| Nitrogen Fertilizer \| Other urea products
Disaggregation of Revenue [Line Items]
Revenue from product sales	5	5
Operating Segments \| Nitrogen Fertilizer \| Freight revenue
Disaggregation of Revenue [Line Items]
Revenue from product sales	8	9
Operating Segments \| Nitrogen Fertilizer \| Other
Disaggregation of Revenue [Line Items]
Revenue from product sales	2	0
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	1
Other / Eliminations
Disaggregation of Revenue [Line Items]
Total revenue	(3)	(1)
Other / Eliminations \| Revenue from product sales
Disaggregation of Revenue [Line Items]
Revenue from product sales	(3)	(1)
Other / Eliminations \| Gasoline
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0
Other / Eliminations \| Distillates
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0
Other / Eliminations \| Ammonia
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0
Other / Eliminations \| UAN
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0
Other / Eliminations \| Other urea products
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0
Other / Eliminations \| Freight revenue
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0
Other / Eliminations \| Other
Disaggregation of Revenue [Line Items]
Revenue from product sales	(3)	(1)
Other / Eliminations \| Crude oil sales
Disaggregation of Revenue [Line Items]
Revenue from product sales	0	0
Other / Eliminations \| Other revenue
Disaggregation of Revenue [Line Items]
Other revenue	$ 0	$ 0

Revenue - Additional information (Details) $ in Millions	3 Months Ended
Revenue - Additional information (Details) $ in Millions	Mar. 31, 2019 USD ($)
CVR Partners
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 10
Petroleum \| Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Payment terms	2 days
Petroleum \| Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Payment terms	32 days
Nitrogen Fertilizer \| Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Payment terms	15 days
Nitrogen Fertilizer \| Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Payment terms	30 days

Revenue - Remaining Performance Obligation (Details) - CVR Partners	Mar. 31, 2019
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	39.00%
Remaining performance obligation, expected timing of satisfaction, period	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	30.00%
Remaining performance obligation, expected timing of satisfaction, period	1 year

Revenue - Deferred Revenue (Details) - CVR Partners $ in Millions	3 Months Ended
	Mar. 31, 2019 USD ($)
Change in Contract with Customer, Liability [Roll Forward]
Balance at beginning of period	$ 69
Add:
New prepay contracts entered into during the period	9
Less:
Revenue recognized that was included in the contract liability balance at the beginning of the period	12
Revenue recognized related to contracts entered into during the period	1
Balance at end of period	$ 65

Derivative Financial Instruments - Schedule of Gains (Losses) on Derivatives (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019 USD ($) derivative	Mar. 31, 2018 USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Total gain (loss) on derivatives, net	$ 16	$ 59
Forward purchases
Derivative Instruments, Gain (Loss) [Line Items]
Total gain (loss) on derivatives, net	$ 17	14
Forward Contracts, RINs
Derivative Instruments, Gain (Loss) [Line Items]
Outstanding positions \| derivative	26,000,000
Swaps
Derivative Instruments, Gain (Loss) [Line Items]
Total gain (loss) on derivatives, net	$ 0	45
Commodity Swap
Derivative Instruments, Gain (Loss) [Line Items]
Outstanding positions \| derivative	0
Futures
Derivative Instruments, Gain (Loss) [Line Items]
Total gain (loss) on derivatives, net	$ (1)	$ 0

Derivative Financial Instruments - Open Commodity Derivative Instruments (Details) - bbl bbl in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
2-1-1 Crack spreads
Derivative [Line Items]
Number of barrels	0	2
Distillate Crack spreads
Derivative [Line Items]
Number of barrels	0	1
Gasoline Crack spreads
Derivative [Line Items]
Number of barrels	0	1
Canadian crude oil
Derivative [Line Items]
Number of barrels	2	4

Derivative Financial Instruments - Schedule of Offsetting Assets and Liabilities (Details) - Commodity Derivatives - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Current Assets
Derivative Assets
Commodity Derivatives	$ 1	$ 8
Less: Counterparty Netting	0	(1)
Total Net Fair Value of Derivatives	1	7
Current Liabilities
Derivative Liabilities
Commodity Derivatives	0	1
Less: Counterparty Netting	0	(1)
Total Net Fair Value of Derivatives	$ 0	$ 0

Derivative Financial Instruments - Assets and Liabilities Measured at Fair Value (Details) - Recurring - USD ($) $ in Millions	Mar. 31, 2019	Mar. 31, 2018
Fair value measurements
Other current assets (investments)	$ 1	$ 7
Total Assets	1	7
Total Liabilities	(16)	(2)
Renewable Fuel Standard RFS obligation
Fair value measurements
Other current liabilities (Renewable Fuel Standard “RFS” obligation)	(16)	(2)
Level 1
Fair value measurements
Other current assets (investments)	0	0
Total Assets	0	0
Total Liabilities	0	0
Level 1 \| Renewable Fuel Standard RFS obligation
Fair value measurements
Other current liabilities (Renewable Fuel Standard “RFS” obligation)	0	0
Level 2
Fair value measurements
Other current assets (investments)	1	7
Total Assets	1	7
Total Liabilities	(16)	(2)
Level 2 \| Renewable Fuel Standard RFS obligation
Fair value measurements
Other current liabilities (Renewable Fuel Standard “RFS” obligation)	(16)	(2)
Level 3
Fair value measurements
Other current assets (investments)	0	0
Total Assets	0	0
Total Liabilities	0	0
Level 3 \| Renewable Fuel Standard RFS obligation
Fair value measurements
Other current liabilities (Renewable Fuel Standard “RFS” obligation)	$ 0	$ 0

Share-Based Compensation - Share-Based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Share-Based Compensation
Total Share-Based Compensation Expense	$ 5	$ 2
Incentive Unit Awards
Share-Based Compensation
Total Share-Based Compensation Expense	3	(1)
CVR Energy LTIP \| Performance Unit Award
Share-Based Compensation
Total Share-Based Compensation Expense	0	1
CVR Refining \| CVR Refining LTIP \| Phantom Units Award
Share-Based Compensation
Total Share-Based Compensation Expense	1	1
CVR Partners \| CVR Partners LTIP \| Phantom Units Award
Share-Based Compensation
Total Share-Based Compensation Expense	$ 1	$ 1

Commitments and Contingencies - Crude Oil Supply Agreement (Details) - New Vitol Agreement		3 Months Ended
	Aug. 31, 2012	Mar. 31, 2019	Mar. 31, 2018
Loss Contingencies [Line Items]
Renewal term of agreement	1 year
Notice of nonrenewal period prior to expiration	180 days
Petroleum Segment \| Contracted Volume \| Supplier Concentration Risk
Loss Contingencies [Line Items]
Volume contracted throughout Vitol as percentage of total crude oil purchases		39.00%	35.00%

Commitments and Contingencies - Renewable Fuel Standards (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Petroleum Segment \| EHS
Loss Contingencies [Line Items]
Expense (benefit) of renewable identification numbers expense	$ 13	$ (23)

Commitments and Contingencies - Litigation (Details) $ in Millions		1 Months Ended	4 Months Ended	12 Months Ended
	Dec. 31, 2007	Apr. 25, 2019 USD ($)	Apr. 25, 2019 lawsuit	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)	Dec. 31, 2010 USD ($)	Dec. 31, 2009 USD ($)	Dec. 31, 2008 USD ($)
Call Option Lawsuits \| Subsequent Event
Loss Contingencies [Line Items]
Number of lawsuits filed \| lawsuit			9
CRNF
Loss Contingencies [Line Items]
Property tax abatement period	10 years
Increase in property tax expense (in excess of)				$ 10.0	$ 10.0	$ 10.0	$ 10.0	$ 10.0
CRNF \| Subsequent Event
Loss Contingencies [Line Items]
Litigation settlement agreement, recovery amount		$ 7.9

Business Segments - Additional Information (Details)	3 Months Ended
Business Segments - Additional Information (Details)	Mar. 31, 2019 segment
Segment Reporting [Abstract]
Number of operating segments	2

Business Segments - Summary of Operating Results and Capital Expenditures by Segment (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Jan. 01, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Net sales	$ 1,486	$ 1,537
Operating Income	160	136
Interest expense, net	(26)	(27)
Other income, net	3	2
Income (loss) before income taxes	137	111
Depreciation and amortization	67	67
Capital expenditures	23	19
Total Assets	3,874		$ 4,079	$ 4,000
Operating Segments \| Petroleum
Segment Reporting Information [Line Items]
Net sales	1,397	1,458
Operating Income	156	143
Depreciation and amortization	49	48
Capital expenditures	20	14
Total Assets	2,714			2,452
Operating Segments \| Nitrogen Fertilizer
Segment Reporting Information [Line Items]
Net sales	92	80
Operating Income	9	(3)
Depreciation and amortization	16	16
Capital expenditures	3	4
Total Assets	1,247			1,254
Other
Segment Reporting Information [Line Items]
Net sales	(3)	(1)
Operating Income	(5)	(4)
Depreciation and amortization	2	3
Capital expenditures	0	$ 1
Total Assets	$ (87)			$ 294

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Supplemental disclosures:
Cash paid for interest	$ 2	$ 3
Non-cash investing activities:
Capital expenditure additions included in accounts payable	(6)	(1)
Turnaround expenditures included in accounts payable	$ (7)	$ 0

Related Party Transactions - Summary of Dividends Paid (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Related Party Transaction [Line Items]
Total amount paid	$ 75	$ 75	$ 43
Per common share (in dollars per share)	$ 0.75	$ 0.75
Shares outstanding (in shares)	100.6	100.6
Public Stockholders
Related Party Transaction [Line Items]
Total amount paid	$ 21
IEP
Related Party Transaction [Line Items]
Total amount paid	$ 54

Related Party Transactions - Expenses Incurred and Payments Made to Related Parties (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Related Party Transaction [Line Items]
Cost of materials and other	$ 1,101	$ 1,180
Enable \| Joint Venture Transportation Agreement
Related Party Transaction [Line Items]
Cost of materials and other	$ 2	$ 0

Related Party Transactions - Payables Due To/From Related Parties (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Amounts due from related parties	$ 4	$ 4
Tax Allocation Agreement \| American Entertainment Properties Corporation (“AEPC”)
Related Party Transaction [Line Items]
Amounts due from related parties	$ 4	$ 4

Guarantor Financial Information - Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Millions	Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 467		$ 668
Accounts receivable	193		169
Due to/from parent	4		4
Intercompany receivable	0		0
Inventories	403		380
Prepaid expenses and other current assets	58	$ 69	72
Total current assets	1,125	1,290	1,293
Property, plant and equipment, net of accumulated depreciation	2,418	2,456	2,430
Investment in and advances from subsidiaries	0		0
Other long-term assets	331	333	277
Total assets	3,874	4,079	4,000
Current liabilities:
Accounts payable	359		320
Intercompany payables	0		0
Other current liabilities	221	192	176
Total current liabilities	580	512	496
Long-term liabilities:
Long-term debt and finance lease obligations, net of current portion	1,191	1,190	1,167
Investment and advances from subsidiaries	0		0
Deferred income taxes	395		380
Other long-term liabilities	50	54	14
Total long-term liabilities	1,636	1,624	1,561
Commitments and contingencies
Equity:
Total CVR stockholders’ equity	1,343		1,286
Noncontrolling interest	315		657
Total equity	1,658		1,943	$ 1,849	$ 1,704
Total liabilities and equity	3,874	$ 4,079	4,000
Intercompany Elimination
Current assets:
Cash and cash equivalents	0		0
Accounts receivable	0		0
Due to/from parent	0		0
Intercompany receivable	(21)		(10)
Inventories	0		0
Prepaid expenses and other current assets	2		(9)
Total current assets	(19)		(19)
Property, plant and equipment, net of accumulated depreciation	0		0
Investment in and advances from subsidiaries	(5,032)		(4,441)
Other long-term assets	0		0
Total assets	(5,051)		(4,460)
Current liabilities:
Accounts payable	0		0
Intercompany payables	(21)		(10)
Other current liabilities	2		(8)
Total current liabilities	(19)		(18)
Long-term liabilities:
Long-term debt and finance lease obligations, net of current portion	0		0
Investment and advances from subsidiaries	(16)		(106)
Deferred income taxes	0		0
Other long-term liabilities	0		0
Total long-term liabilities	(16)		(106)
Commitments and contingencies
Equity:
Total CVR stockholders’ equity	(5,016)		(4,336)
Noncontrolling interest	0		0
Total equity	(5,016)		(4,336)
Total liabilities and equity	(5,051)		(4,460)
Parent
Long-term liabilities:
Long-term debt and finance lease obligations, net of current portion	561		538
Parent \| Reportable Legal Entities
Current assets:
Cash and cash equivalents	8		3
Accounts receivable	0		0
Due to/from parent	4		4
Intercompany receivable	(65)		6
Inventories	0		0
Prepaid expenses and other current assets	26		27
Total current assets	(27)		40
Property, plant and equipment, net of accumulated depreciation	0		0
Investment in and advances from subsidiaries	1,444		1,228
Other long-term assets	0		0
Total assets	1,417		1,268
Current liabilities:
Accounts payable	1		1
Intercompany payables	0		0
Other current liabilities	49		6
Total current liabilities	50		7
Long-term liabilities:
Long-term debt and finance lease obligations, net of current portion	0		0
Investment and advances from subsidiaries	0		0
Deferred income taxes	20		(24)
Other long-term liabilities	4		3
Total long-term liabilities	24		(21)
Commitments and contingencies
Equity:
Total CVR stockholders’ equity	1,343		1,282
Noncontrolling interest	0		0
Total equity	1,343		1,282
Total liabilities and equity	1,417		1,268
Subsidiary Issuer \| Reportable Legal Entities
Current assets:
Cash and cash equivalents	306		340
Accounts receivable	0		0
Due to/from parent	0		0
Intercompany receivable	0		0
Inventories	0		0
Prepaid expenses and other current assets	0		1
Total current assets	306		341
Property, plant and equipment, net of accumulated depreciation	0		0
Investment in and advances from subsidiaries	1,696		1,601
Other long-term assets	1		1
Total assets	2,003		1,943
Current liabilities:
Accounts payable	0		0
Intercompany payables	0		0
Other current liabilities	14		7
Total current liabilities	14		7
Long-term liabilities:
Long-term debt and finance lease obligations, net of current portion	496		496
Investment and advances from subsidiaries	0		0
Deferred income taxes	0		0
Other long-term liabilities	0		0
Total long-term liabilities	496		496
Commitments and contingencies
Equity:
Total CVR stockholders’ equity	1,493		1,440
Noncontrolling interest	0		0
Total equity	1,493		1,440
Total liabilities and equity	2,003		1,943
Guarantor Subsidiaries \| Reportable Legal Entities
Current assets:
Cash and cash equivalents	54		261
Accounts receivable	176		107
Due to/from parent	0		0
Intercompany receivable	13		4
Inventories	331		316
Prepaid expenses and other current assets	30		49
Total current assets	604		737
Property, plant and equipment, net of accumulated depreciation	1,418		1,413
Investment in and advances from subsidiaries	166		172
Other long-term assets	278		231
Total assets	2,466		2,553
Current liabilities:
Accounts payable	334		293
Intercompany payables	8		0
Other current liabilities	76		74
Total current liabilities	418		367
Long-term liabilities:
Long-term debt and finance lease obligations, net of current portion	64		42
Investment and advances from subsidiaries	0		106
Deferred income taxes	0		0
Other long-term liabilities	35		7
Total long-term liabilities	99		155
Commitments and contingencies
Equity:
Total CVR stockholders’ equity	1,949		1,701
Noncontrolling interest	0		330
Total equity	1,949		2,031
Total liabilities and equity	2,466		2,553
Non-Guarantor Subsidiaries \| Reportable Legal Entities
Current assets:
Cash and cash equivalents	99		64
Accounts receivable	17		62
Due to/from parent	0		0
Intercompany receivable	73		0
Inventories	72		64
Prepaid expenses and other current assets	0		4
Total current assets	261		194
Property, plant and equipment, net of accumulated depreciation	1,000		1,017
Investment in and advances from subsidiaries	1,726		1,440
Other long-term assets	52		45
Total assets	3,039		2,696
Current liabilities:
Accounts payable	24		26
Intercompany payables	13		10
Other current liabilities	80		97
Total current liabilities	117		133
Long-term liabilities:
Long-term debt and finance lease obligations, net of current portion	631		629
Investment and advances from subsidiaries	16		0
Deferred income taxes	375		404
Other long-term liabilities	11		4
Total long-term liabilities	1,033		1,037
Commitments and contingencies
Equity:
Total CVR stockholders’ equity	1,574		1,199
Noncontrolling interest	315		327
Total equity	1,889		1,526
Total liabilities and equity	$ 3,039		$ 2,696

Guarantor Financial Information - Condensed Consolidated Statement of Operations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Condensed Income Statements, Captions [Line Items]
Net sales	$ 1,486	$ 1,537
Operating costs and expenses:
Cost of materials and other	1,101	1,180
Direct operating expenses (exclusive of depreciation and amortization as reflected below)	126	130
Depreciation and amortization	65	64
Cost of sales	1,292	1,374
Selling, general and administrative expenses (exclusive of depreciation and amortization as reflected below)	30	24
Depreciation and amortization	2	3
Loss on asset disposals	2	0
Operating income (loss)	160	136
Other income (expense):
Interest expense, net	(26)	(27)
Other income, net	3	2
Income (loss) from subsidiaries	0	0
Income (loss) before income taxes	137	111
Income tax expense (benefit)	35	18
Net income (loss)	102	93
Less: Net income attributable to noncontrolling interest	1	33
Net income (loss) attributable to CVR Energy stockholders	101	60
Intercompany Elimination
Condensed Income Statements, Captions [Line Items]
Net sales	(3)	(1)
Operating costs and expenses:
Cost of materials and other	(3)	(1)
Direct operating expenses (exclusive of depreciation and amortization as reflected below)	0	0
Depreciation and amortization	0	0
Cost of sales	(3)	(1)
Selling, general and administrative expenses (exclusive of depreciation and amortization as reflected below)	0	0
Depreciation and amortization	0	0
Loss on asset disposals	0	0
Operating income (loss)	0	0
Other income (expense):
Interest expense, net	0	0
Other income, net	0	0
Income (loss) from subsidiaries	(247)	(181)
Income (loss) before income taxes	(247)	(181)
Income tax expense (benefit)	0	0
Net income (loss)	(247)	(181)
Less: Net income attributable to noncontrolling interest	0	0
Net income (loss) attributable to CVR Energy stockholders	(247)	(181)
Parent \| Reportable Legal Entities
Condensed Income Statements, Captions [Line Items]
Net sales	0	0
Operating costs and expenses:
Cost of materials and other	0	0
Direct operating expenses (exclusive of depreciation and amortization as reflected below)	0	0
Depreciation and amortization	0	0
Cost of sales	0	0
Selling, general and administrative expenses (exclusive of depreciation and amortization as reflected below)	5	3
Depreciation and amortization	0	0
Loss on asset disposals	0	0
Operating income (loss)	(5)	(3)
Other income (expense):
Interest expense, net	(1)	0
Other income, net	0	0
Income (loss) from subsidiaries	121	62
Income (loss) before income taxes	115	59
Income tax expense (benefit)	14	(1)
Net income (loss)	101	60
Less: Net income attributable to noncontrolling interest	0	0
Net income (loss) attributable to CVR Energy stockholders	101	60
Subsidiary Issuer \| Reportable Legal Entities
Condensed Income Statements, Captions [Line Items]
Net sales	0	0
Operating costs and expenses:
Cost of materials and other	0	0
Direct operating expenses (exclusive of depreciation and amortization as reflected below)	0	0
Depreciation and amortization	0	0
Cost of sales	0	0
Selling, general and administrative expenses (exclusive of depreciation and amortization as reflected below)	0	0
Depreciation and amortization	0	0
Loss on asset disposals	0	0
Operating income (loss)	0	0
Other income (expense):
Interest expense, net	(7)	(8)
Other income, net	0	0
Income (loss) from subsidiaries	144	144
Income (loss) before income taxes	137	136
Income tax expense (benefit)	0	0
Net income (loss)	137	136
Less: Net income attributable to noncontrolling interest	0	0
Net income (loss) attributable to CVR Energy stockholders	137	136
Guarantor Subsidiaries \| Reportable Legal Entities
Condensed Income Statements, Captions [Line Items]
Net sales	1,397	1,458
Operating costs and expenses:
Cost of materials and other	1,080	1,158
Direct operating expenses (exclusive of depreciation and amortization as reflected below)	91	91
Depreciation and amortization	48	48
Cost of sales	1,219	1,297
Selling, general and administrative expenses (exclusive of depreciation and amortization as reflected below)	18	15
Depreciation and amortization	2	3
Loss on asset disposals	2	0
Operating income (loss)	156	143
Other income (expense):
Interest expense, net	(2)	(3)
Other income, net	3	1
Income (loss) from subsidiaries	(9)	(15)
Income (loss) before income taxes	148	126
Income tax expense (benefit)	0	0
Net income (loss)	148	126
Less: Net income attributable to noncontrolling interest	5	46
Net income (loss) attributable to CVR Energy stockholders	143	80
Non-Guarantor Subsidiaries \| Reportable Legal Entities
Condensed Income Statements, Captions [Line Items]
Net sales	92	80
Operating costs and expenses:
Cost of materials and other	24	23
Direct operating expenses (exclusive of depreciation and amortization as reflected below)	35	39
Depreciation and amortization	17	16
Cost of sales	76	78
Selling, general and administrative expenses (exclusive of depreciation and amortization as reflected below)	7	6
Depreciation and amortization	0	0
Loss on asset disposals	0	0
Operating income (loss)	9	(4)
Other income (expense):
Interest expense, net	(16)	(16)
Other income, net	0	1
Income (loss) from subsidiaries	(9)	(10)
Income (loss) before income taxes	(16)	(29)
Income tax expense (benefit)	21	19
Net income (loss)	(37)	(48)
Less: Net income attributable to noncontrolling interest	(4)	(13)
Net income (loss) attributable to CVR Energy stockholders	$ (33)	$ (35)

Guarantor Financial Information - Condensed Consolidated Statement of Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	$ 228		$ 26
Cash flows from investing activities:
Capital expenditures	(29)		(20)
Turnaround expenditures	(13)		(1)
Investment in affiliates, net of return of investment	0		0
Other investing activities	0		0
Net cash provided by (used in) investing activities	(42)		(21)
Cash flows from financing activities:
Dividends to CVR Energy’s stockholders	(75)	$ (75)	(43)
Acquisition of CVR Refining common units	(301)		0
Distributions to noncontrolling interest holders	(9)		(23)
Distributions or intercompany advances to other CVR Energy subsidiaries	0		0
Other financing activities	(2)		(1)
Net cash provided by (used in) financing activities	(387)		(67)
Net increase (decrease) in cash and cash equivalents	(201)		(62)
Cash and cash equivalents, beginning of period	668		482
Cash and cash equivalents, end of period	467	668	420
CVR Refining
Cash flows from financing activities:
Distributions to noncontrolling interest holders			(20)
CVR Partners
Cash flows from financing activities:
Distributions to noncontrolling interest holders	(9)		(3)
Intercompany Elimination
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(1)		(1)
Cash flows from investing activities:
Capital expenditures	0		0
Turnaround expenditures	0		0
Investment in affiliates, net of return of investment	(217)		174
Other investing activities	0		0
Net cash provided by (used in) investing activities	(217)		174
Cash flows from financing activities:
Dividends to CVR Energy’s stockholders	0		0
Acquisition of CVR Refining common units	0
Distributions or intercompany advances to other CVR Energy subsidiaries	218		(173)
Other financing activities	0		0
Net cash provided by (used in) financing activities	218		(173)
Net increase (decrease) in cash and cash equivalents	0		0
Cash and cash equivalents, beginning of period	0		0
Cash and cash equivalents, end of period	0	0	0
Intercompany Elimination \| CVR Refining
Cash flows from financing activities:
Distributions to noncontrolling interest holders			0
Intercompany Elimination \| CVR Partners
Cash flows from financing activities:
Distributions to noncontrolling interest holders	0		0
Parent \| Reportable Legal Entities
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	40		12
Cash flows from investing activities:
Capital expenditures	0		(1)
Turnaround expenditures	0		0
Investment in affiliates, net of return of investment	341		36
Other investing activities	0		0
Net cash provided by (used in) investing activities	341		35
Cash flows from financing activities:
Dividends to CVR Energy’s stockholders	(75)		(43)
Acquisition of CVR Refining common units	(301)
Distributions or intercompany advances to other CVR Energy subsidiaries	0		0
Other financing activities	0		0
Net cash provided by (used in) financing activities	(376)		(43)
Net increase (decrease) in cash and cash equivalents	5		4
Cash and cash equivalents, beginning of period	3		4
Cash and cash equivalents, end of period	8	3	8
Parent \| Reportable Legal Entities \| CVR Refining
Cash flows from financing activities:
Distributions to noncontrolling interest holders			0
Parent \| Reportable Legal Entities \| CVR Partners
Cash flows from financing activities:
Distributions to noncontrolling interest holders	0		0
Subsidiary Issuer \| Reportable Legal Entities
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	1		2
Cash flows from investing activities:
Capital expenditures	0		0
Turnaround expenditures	0		0
Investment in affiliates, net of return of investment	(28)		25
Other investing activities	0		0
Net cash provided by (used in) investing activities	(28)		25
Cash flows from financing activities:
Dividends to CVR Energy’s stockholders	0		0
Acquisition of CVR Refining common units	0
Distributions or intercompany advances to other CVR Energy subsidiaries	(7)		(92)
Other financing activities	0		0
Net cash provided by (used in) financing activities	(7)		(92)
Net increase (decrease) in cash and cash equivalents	(34)		(65)
Cash and cash equivalents, beginning of period	340		163
Cash and cash equivalents, end of period	306	340	98
Subsidiary Issuer \| Reportable Legal Entities \| CVR Refining
Cash flows from financing activities:
Distributions to noncontrolling interest holders			0
Subsidiary Issuer \| Reportable Legal Entities \| CVR Partners
Cash flows from financing activities:
Distributions to noncontrolling interest holders	0		0
Guarantor Subsidiaries \| Reportable Legal Entities
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	176		8
Cash flows from investing activities:
Capital expenditures	(25)		(15)
Turnaround expenditures	(13)		(1)
Investment in affiliates, net of return of investment	(137)		(221)
Other investing activities	0		0
Net cash provided by (used in) investing activities	(175)		(237)
Cash flows from financing activities:
Dividends to CVR Energy’s stockholders	0		0
Acquisition of CVR Refining common units	0
Distributions or intercompany advances to other CVR Energy subsidiaries	(206)		238
Other financing activities	(2)		(2)
Net cash provided by (used in) financing activities	(208)		216
Net increase (decrease) in cash and cash equivalents	(207)		(13)
Cash and cash equivalents, beginning of period	261		264
Cash and cash equivalents, end of period	54	261	251
Guarantor Subsidiaries \| Reportable Legal Entities \| CVR Refining
Cash flows from financing activities:
Distributions to noncontrolling interest holders			(20)
Guarantor Subsidiaries \| Reportable Legal Entities \| CVR Partners
Cash flows from financing activities:
Distributions to noncontrolling interest holders	0		0
Non-Guarantor Subsidiaries \| Reportable Legal Entities
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	12		5
Cash flows from investing activities:
Capital expenditures	(4)		(4)
Turnaround expenditures	0		0
Investment in affiliates, net of return of investment	41		(14)
Other investing activities	0		0
Net cash provided by (used in) investing activities	37		(18)
Cash flows from financing activities:
Dividends to CVR Energy’s stockholders	0		0
Acquisition of CVR Refining common units	0
Distributions or intercompany advances to other CVR Energy subsidiaries	(5)		27
Other financing activities	0		1
Net cash provided by (used in) financing activities	(14)		25
Net increase (decrease) in cash and cash equivalents	35		12
Cash and cash equivalents, beginning of period	64		51
Cash and cash equivalents, end of period	99	$ 64	63
Non-Guarantor Subsidiaries \| Reportable Legal Entities \| CVR Refining
Cash flows from financing activities:
Distributions to noncontrolling interest holders			0
Non-Guarantor Subsidiaries \| Reportable Legal Entities \| CVR Partners
Cash flows from financing activities:
Distributions to noncontrolling interest holders	$ (9)		$ (3)