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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents (including $156 and $91, respectively, of consolidated variable interest entity (“VIE”))	$ 670	$ 987
Accounts receivable, net (including $48 and $65, respectively, of VIE)	253	295
Inventories (including $82 and $76, respectively, of VIE)	509	502
Prepaid expenses (including $1 and $1, respectively, of VIE)	23	16
Other current assets (including $1 and $1, respectively, of VIE)	23	24
Total current assets	1,478	1,824
Property, plant, and equipment, net (including $705 and $736, respectively, of VIE)	2,106	2,176
Other long-term assets (including $43 and $50, respectively, of VIE)	408	263
Total assets	3,992	4,263
Current liabilities:
Accounts payable (including $39 and $37, respectively, of VIE)	437	538
Other current liabilities (including $68 and $75, respectively, of VIE)	318	560
Total current liabilities	755	1,098
Long-term liabilities:
Long-term debt and finance lease obligations, net of current portion (including $569 and $568, respectively, of VIE)	1,827	1,907
Deferred income taxes	274	277
Other long-term liabilities (including $42 and $46, respectively, of VIE)	95	93
Total long-term liabilities	2,196	2,277
Commitments and contingencies (See Note 12)
CVR Energy stockholders’ equity:
Preferred stock, $0.01 par value per share; 50,000,000 shares authorized; none issued	0	0
Common stock, $0.01 par value per share; 350,000,000 shares authorized; 100,629,209 and 100,629,209 shares issued as of September 30, 2025 and December 31, 2024, respectively	1	1
Additional paid-in-capital	1,508	1,508
Accumulated deficit	(667)	(804)
Treasury stock, 98,610 shares at cost	(2)	(2)
Total CVR stockholders’ equity	840	703
Noncontrolling interest	201	185
Total equity	1,041	888
Total liabilities and equity	$ 3,992	$ 4,263

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

CVR ENERGY INC 10-Q