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Net Income Per LP Unit (Tables)
 9 Months Ended
Sep. 30, 2012
Net Income Per LP Unit [Abstract]  
Schedule Of Earnings Per LP Unit
The following table sets forth the allocation of net income attributable to Icahn Enterprises allocable to limited partners and the computation of basic and diluted income per LP unit for the periods indicated:
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
  
2012
 
2011
 
2012
 
2011
 
(in millions, except per unit data)
Net income (loss) attributable to Icahn Enterprises
$
85

 
$
(39
)
 
$
378

 
$
490

Less: Net income attributable to Icahn Enterprises allocable to general partner(1)
(6
)
 
—

 
(10
)
 
—

Net income (loss) attributable to Icahn Enterprises net of portion allocable 100% to general partner
79

 
(39
)
 
368

 
490

 
 
 
 
 
 
 
 
Income (loss) attributable to Icahn Enterprises allocable to limited partners (98.01% allocation)
$
78

 
$
(38
)
 
$
361

 
$
480

 
 
 
 
 
 
 
 
Basic income (loss) per LP unit
$
0.76

 
$
(0.44
)
 
$
3.61

 
$
5.52

Basic weighted average LP units outstanding
102

 
87

 
100

 
87

 
 
 
 
 
 
 
 
Dilutive effect of variable rate convertible notes:
 
 
 
 
 
 
 
   Income
$
—

 
$
—

 
$
17

 
$
17

   Units
—

 
—

 
5

 
5

 
 
 
 
 
 
 
 
Diluted income (loss) per LP unit:
$
0.76

 
$
(0.44
)
 
$
3.60

 
$
5.40

Diluted weighted average LP units outstanding
102

 
87

 
105

 
92

(1) Amounts represent net income allocable to the general partner for the period May 5, 2012 through August 23, 2012, the period in which Mr. Icahn and his affiliates' ownership in IEP Energy, other than Icahn Enterprises' ownership, were considered under common control. On August 24, 2012, Mr. Icahn and his affiliates contributed this interest to us in exchange for our depositary units. See Note 4, "Related Party Transactions-Energy," for further discussion regarding this transaction.