Acquisition (Tables)

9 Months Ended

Sep. 30, 2012

Business Combinations [Abstract]

Schedule of Purchase Price Allocation

The following table summarizes the consideration paid for CVR and amounts of the estimated fair values of identifiable assets acquired and liabilities assumed, as well as the fair value of the non-controlling interest in CVR as of May 4, 2012:

	May 4, 2012
	(in millions)
Cash paid for acquisition of CVR	$	1,754
IEP Parties equity interest in CVR prior to acquisition of controlling interest(1)	378
Total purchase price	$	2,132
Preliminary purchase price allocation:
Property, plant and equipment	$	2,587
Intangible assets	358
Debt	(912		)
Deferred tax liabilities	(827		)
Other assets and liabilities, net	805
Fair value of identifiable net assets acquired	2,011
Fair value of non-controlling interests	(773		)
Goodwill	894
	$	2,132

⁽¹⁾ Based on the Offer price of $30 per share of CVR common stock.

Business Acquisition, Pro Forma Information

	Nine Months Ended September 30,
	2012		2011
	(in millions, except per unit data)
Revenues	$	14,050	$	14,588
Net income	590		1,490
Net income attributable to Icahn Enterprises	354		776
Net income per LP unit	3.37		8.75