Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2013

Segment Reporting Information [Line Items]

Schedule of Condensed Income Statement by Segment

Icahn Enterprises' condensed statements of operations by reporting segment for the three and nine months ended September 30, 2013 and 2012 are presented below:



	Three Months Ended September 30, 2013
	Investment			Automotive			Energy			Metals			Railcar			Gaming			Food Packaging			Real Estate			Home Fashion		Holding Company			Consolidated
	(in millions)
Revenues:
Net sales	$	—		$	1,713		$	1,977		$	243		$	108		$	—		$	95		$	—		$	45	$	—		$	4,181
Other revenues from operations	—			—			—			—			37			153			—			23			—		—			213
Net gain from investment activities	1,229			—			—			—			—			—			—			—			—		(28		)	1,201
Interest and dividend income	42			1			—			—			1			—			—			—			—		—			44
Other income (loss), net	—			(4		)	79			—			—			—			(1		)	—			2		6			82
	1,271			1,710			2,056			243			146			153			94			23			47		(22		)	5,721
Expenses:
Cost of goods sold	—			1,459			1,919			246			90			—			74			(1		)	38		—			3,825
Other expenses from operations	—			—			—			—			20			79			—			14			—		—			113
Selling, general and administrative	44			190			34			6			7			61			12			4			7		3			368
Restructuring	—			4			—			—			—			—			—			—			1		—			5
Impairment	—			1			—			—			—			—			—			1			—		—			2
Interest expense	4			28			12			—			2			4			5			1			—		75			131
	48			1,682			1,965			252			119			144			91			19			46		78			4,444
Income (loss) before income tax benefit (expense)	1,223			28			91			(9		)	27			9			3			4			1		(100		)	1,277
Income tax (expense) benefit	—			(4		)	(23		)	4			(14		)	(1		)	1			—			—		(20		)	(57		)
Net Income (loss)	1,223			24			68			(5		)	13			8			4			4			1		(120		)	1,220
Less: net (income) loss attributable to non-controlling interests	(694		)	(6		)	(35		)	—			(9		)	(3		)	(1		)	—			—		—			(748		)
Net income (loss) attributable to Icahn Enterprises	$	529		$	18		$	33		$	(5	)	$	4		$	5		$	3		$	4		$	1	$	(120	)	$	472

Supplemental information:
Capital expenditures	$	—		$	84		$	69		$	5		$	99		$	10		$	3		$	1		$	5	$	—		$	276
Depreciation and amortization⁽¹⁾	$	—		$	75		$	53		$	8		$	8		$	9		$	4		$	6		$	2	$	—		$	165



	Three Months Ended September 30, 2012
	Investment			Automotive			Energy			Metals			Railcar			Gaming			Food Packaging			Real Estate		Home Fashion			Holding Company			Consolidated
	(in millions)
Revenues:
Net sales	$	—		$	1,602		$	2,410		$	236		$	131		$	—		$	86		$	1	$	53		$	—		$	4,519
Other revenues from operations	—			—			—			—			21			171			—			23		—			—			215
Net gain from investment activities	(81		)	—			—			—			—			—			—			—		—			—			(81		)
Interest and dividend income	19			2			—			—			—			1			—			—		—			(1		)	21
Other (loss) income, net	—			(4		)	(169		)	—			(2		)	5			—			—		1			(2		)	(171		)
	(62		)	1,600			2,241			236			150			177			86			24		54			(3		)	4,503
Expenses:
Cost of goods sold	—			1,390			1,857			239			103			—			66			—		47			—			3,702
Other expenses from operations	—			—			—			—			15			83			—			13		—			—			111
Selling, general and administrative	7			137			35			7			6			66			11			3		9			4			285
Restructuring	—			5			—			—			—			—			—			—		—			—			5
Impairment	—			50			—			—			—			—			—			—		3			—			53
Interest expense	—			35			14			—			5			4			5			2		—			73			138
	7			1,617			1,906			246			129			153			82			18		59			77			4,294
Income (loss) before income tax (expense) benefit	(69		)	(17		)	335			(10		)	21			24			4			6		(5		)	(80		)	209
Income tax (expense) benefit	—			7			(123		)	5			(9		)	(2		)	(2		)	—		—			14			(110		)
Income (loss)	(69		)	(10		)	212			(5		)	12			22			2			6		(5		)	(66		)	99
Less: net income attributable to non-controlling interests	42			2			(46		)	—			(6		)	(7		)	—			—		—			—			(15		)
Net income (loss) attributable to Icahn Enterprises	$	(27	)	$	(8	)	$	166		$	(5	)	$	6		$	15		$	2		$	6	$	(5	)	$	(66	)	$	84

Supplemental information:
Capital expenditures	$	—		$	73		$	40		$	5		$	49		$	9		$	12		$	—	$	—		$	—		$	188
Depreciation and amortization⁽¹⁾	$	—		$	72		$	49		$	7		$	7		$	8		$	5		$	6	$	2		$	—		$	156



	Nine Months Ended September 30, 2013
	Investment			Automotive			Energy			Metals			Railcar			Gaming			Food Packaging			Real Estate		Home Fashion			Holding Company			Consolidated
	(in millions)
Revenues:
Net sales	$	—		$	5,212		$	6,550		$	737		$	334		$	—		$	276		$	2	$	141		$	—		$	13,252
Other revenues from operations	—			—			—			—			97			445			—			63		—			—			605
Net gain from investment activities	1,590			—			—			—			2			—			—			—		—			(41		)	1,551
Interest and dividend income	114			2			1			—			2			—			—			—		—			1			120
Other income (loss), net	2			(37		)	184			—			(2		)	—			(25		)	—		3			5			130
	1,706			5,177			6,735			737			433			445			251			65		144			(35		)	15,658
Expenses:
Cost of goods sold	—			4,430			5,825			749			266			—			211			—		124			—			11,605
Other expenses from operations	—			—			—			—			56			224			—			38		—			—			318
Selling, general and administrative	84			564			102			20			22			178			35			10		23			12			1,050
Restructuring	—			20			—			—			—			—			—			—		2			—			22
Impairment	—			3			—			—			—			2			—			2		—			—			7
Interest expense	6			86			39			—			6			11			16			3		—			224			391
	90			5,103			5,966			769			350			415			262			53		149			236			13,393
Income (loss) before income tax benefit (expense)	1,616			74			769			(32		)	83			30			(11		)	12		(5		)	(271		)	2,265
Income tax (expense) benefit	—			(28		)	(217		)	14			(40		)	(2		)	1			—		—			(2		)	(274		)
Net Income (loss)	1,616			46			552			(18		)	43			28			(10		)	12		(5		)	(273		)	1,991
Less: net (income) loss attributable to non-controlling interests	(926		)	(15		)	(212		)	—			(28		)	(10		)	3			—		—			—			(1,188		)
Net income (loss) attributable to Icahn Enterprises	$	690		$	31		$	340		$	(18	)	$	15		$	18		$	(7	)	$	12	$	(5	)	$	(273	)	$	803

Supplemental information:
Capital expenditures	$	—		$	270		$	184		$	11		$	255		$	45		$	12		$	2	$	6		$	—		$	785
Depreciation and amortization⁽¹⁾	$	—		$	219		$	154		$	20		$	23		$	25		$	15		$	17	$	6		$	—		$	479



	Nine Months Ended September 30, 2012
	Investment			Automotive			Energy⁽²⁾			Metals			Railcar			Gaming			Food Packaging			Real Estate		Home Fashion			Holding Company			Consolidated
	(in millions)
Revenues:
Net sales	$	—		$	5,070		$	3,822		$	871		$	430		$	—		$	255		$	4	$	173		$	—		$	10,625
Other revenues from operations	—			—			—			—			58			490			—			63		—			—			611
Net gain from investment activities	249			—			—			—			—			—			—			—		—			27			276
Interest and dividend income	56			4			—			—			2			1			—			—		—			—			63
Other (loss) income, net	(1		)	9			(171		)	1			(2		)	(3		)	(2		)	2		3			2			(162		)
	304			5,083			3,651			872			488			488			253			69		176			29			11,413
Expenses:
Cost of goods sold	—			4,327			3,118			881			347			—			196			1		156			—			9,026
Other expenses from operations	—			—			—			—			43			245			—			37		—			—			325
Selling, general and administrative	18			524			70			21			20			192			35			10		28			12			930
Restructuring	—			19			—			—			—			—			—			—		2			—			21
Impairment	—			79			—			—			—			2			—			—		6			—			87
Interest expense	2			106			24			—			15			10			15			4		—			208			384
	20			5,055			3,212			902			425			449			246			52		192			220			10,773
Income (loss) before income tax (expense) benefit	284			28			439			(30		)	63			39			7			17		(16		)	(191		)	640
Income tax (expense) benefit	—			27			(158		)	9			(26		)	(3		)	(3		)	—		—			175			21
Income (loss)	284			55			281			(21		)	37			36			4			17		(16		)	(16		)	661
Less: net income attributable to non-controlling interests	(163		)	(17		)	(62		)	—			(17		)	(11		)	(1		)	—		—			—			(271		)
Net income (loss) attributable to Icahn Enterprises	$	121		$	38		$	219		$	(21	)	$	20		$	25		$	3		$	17	$	(16	)	$	(16	)	$	390

Supplemental information:
Capital expenditures	$	—		$	296		$	71		$	14		$	168		$	32		$	35		$	1	$	—		$	—		$	617
Depreciation and amortization⁽¹⁾	$	—		$	212		$	79		$	19		$	18		$	24		$	14		$	17	$	6		$	—		$	389


⁽¹⁾	Excludes amounts related to the amortization of deferred financing costs and debt discounts and premiums included in interest expense in the amounts of $8 million and $2 million for the three months ended September 30, 2013 and 2012, respectively, and $24 million and $22 million for the nine months ended September 30, 2013 and 2012, respectively.


⁽²⁾	Energy segment results are for the period May 5, 2012 through September 30, 2012.

Schedule of Condensed Financial Statements by Segment

Icahn Enterprises' condensed balance sheets by reporting segment as of September 30, 2013 and December 31, 2012 are presented below:



	September 30, 2013
	Investment		Automotive		Energy		Metals		Railcar		Gaming		Food Packaging		Real Estate		Home Fashion		Holding Company			Consolidated
	(in millions)
ASSETS
Cash and cash equivalents	$	5	$	960	$	887	$	31	$	115	$	245	$	14	$	43	$	16	$	958		$	3,274
Cash held at consolidated affiliated partnerships and restricted cash	1,140		—		—		4		10		30		1		3		6		236			1,430
Investments	11,825		248		—		—		40		34		—		—		13		115			12,275
Accounts receivable, net	—		1,395		241		85		32		12		68		7		31		—			1,871
Inventories, net	—		1,087		680		88		102		—		72		—		64		—			2,093
Property, plant and equipment, net	—		1,970		2,666		134		657		441		151		657		84		3			6,763
Goodwill and intangible assets, net	—		1,727		1,312		10		7		67		11		70		3		—			3,207
Other assets	98		401		186		22		26		47		38		17		20		13			868
Total assets	$	13,068	$	7,788	$	5,972	$	374	$	989	$	876	$	355	$	797	$	237	$	1,325		$	31,781
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	$	581	$	1,913	$	1,576	$	66	$	200	$	131	$	71	$	22	$	32	$	574		$	5,166
Securities sold, not yet purchased, at fair value	704		—		—		—		—		—		—		—		—		—			704
Due to brokers	3,718		—		—		—		—		—		—		—		—		—			3,718
Post-employment benefit liability	—		1,316		—		3		9		—		63		—		—		—			1,391
Debt	—		2,824		676		3		196		170		217		52		—		4,017			8,155
Total liabilities	5,003		6,053		2,252		72		405		301		351		74		32		4,591			19,134

Equity attributable to Icahn Enterprises	3,573		1,316		2,065		302		400		399		3		723		205		(3,266		)	5,720
Equity attributable to non-controlling interests	4,492		419		1,655		—		184		176		1		—		—		—			6,927
Total equity	8,065		1,735		3,720		302		584		575		4		723		205		(3,266		)	12,647
Total liabilities and equity	$	13,068	$	7,788	$	5,972	$	374	$	989	$	876	$	355	$	797	$	237	$	1,325		$	31,781



	December 31, 2012
	Investment		Automotive		Energy		Metals		Railcar		Gaming		Food Packaging			Real Estate		Home Fashion		Holding Company			Consolidated
	(in millions)
ASSETS
Cash and cash equivalents	$	14	$	467	$	896	$	14	$	207	$	243	$	31		$	87	$	67	$	1,045		$	3,071
Cash held at consolidated affiliated partnerships and restricted cash	1,386		—		—		4		3		15		1			2		6		2			1,419
Investments	5,084		240		—		—		57		35		—			—		14		61			5,491
Accounts receivable, net	—		1,375		211		102		37		13		62			5		36		—			1,841
Inventories, net	—		1,074		528		122		110		—		61			—		60		—			1,955
Property, plant and equipment, net	—		1,971		2,648		142		426		431		154			665		83		3			6,523
Goodwill and intangible assets, net	—		1,782		1,327		11		7		68		12			78		3		—			3,288
Other assets	109		373		133		22		15		47		34			15		22		198			968
Total assets	$	6,593	$	7,282	$	5,743	$	417	$	862	$	852	$	355		$	852	$	291	$	1,309		$	24,556
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	$	152	$	1,859	$	1,535	$	73	$	156	$	134	$	74		$	18	$	35	$	178		$	4,214
Securities sold, not yet purchased, at fair value	533		—		—		—		—		—		—			—		—		—			533
Due to brokers	—		—		—		—		—		—		—			—		—		—			—
Post-employment benefit liability	—		1,409		—		3		10		—		66			—		—		—			1,488
Debt	—		2,805		926		3		275		171		215			71		—		4,082			8,548
Total liabilities	685		6,073		2,461		79		441		305		355			89		35		4,260			14,783

Equity attributable to Icahn Enterprises	2,387		860		2,383		338		257		379		(3		)	763		256		(2,951		)	4,669
Equity attributable to non-controlling interests	3,521		349		899		—		164		168		3			—		—		—			5,104
Total equity	5,908		1,209		3,282		338		421		547		—			763		256		(2,951		)	9,773
Total liabilities and equity	$	6,593	$	7,282	$	5,743	$	417	$	862	$	852	$	355		$	852	$	291	$	1,309		$	24,556

Icahn Enterprises Holdings [Member]

Segment Reporting Information [Line Items]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Icahn Enterprises Holdings

Due to the structure of our business, the consolidated results of operations for Icahn Enterprises and Icahn Enterprises Holdings are substantially the same. Differences primarily relate to debt, deferred financing costs and amortization of debt discounts and premiums, which are only reflected in the results of operations for the Holding Company. See Note 10, "Debt," for additional information. Segment information for Icahn Enterprises Holdings is presented below for significant financial statement line items affected by these differences.



	Three Months Ended September 30,
	2013								2012
	Interest Expense		Net Income (Loss)			Net Income (Loss) Attributable to Icahn Enterprises Holdings			Interest Expense		Net Income (Loss)			Net Income (Loss) Attributable to Icahn Enterprises Holdings
	(in millions)
Investment	$	4	$	1,223		$	529		$	—	$	(69	)	$	(27	)
Automotive	28		24			18			35		(10		)	(8		)
Energy	12		68			33			14		212			166
Metals	—		(5		)	(5		)	—		(5		)	(5		)
Railcar	2		13			4			5		12			6
Gaming	4		8			5			4		22			15
Food Packaging	5		4			3			5		2			2
Real Estate	1		4			4			2		6			6
Home Fashion	—		1			1			—		(5		)	(5		)
Holding Company	75		(120		)	(120		)	73		(66		)	(66		)
Consolidated	$	131	$	1,220		$	472		$	138	$	99		$	84



	Nine Months Ended September 30,																September 30,		December 31,
	2013								2012								2013		2012
	Interest Expense		Net Income (Loss)			Net Income (Loss) Attributable to Icahn Enterprises Holdings			Interest Expense		Net Income (Loss)			Net Income (Loss) Attributable to Icahn Enterprises Holdings			Total Assets		Total Assets
	(in millions)																(in millions)
Investment	$	6	$	1,616		$	690		$	2	$	284		$	121		$	13,068	$	6,593
Automotive	86		46			31			106		55			38			7,788		7,282
Energy	39		552			340			24		281			219			5,972		5,743
Metals	—		(18		)	(18		)	—		(21		)	(21		)	374		417
Railcar	6		43			15			15		37			20			989		862
Gaming	11		28			18			10		36			25			876		852
Food Packaging	16		(10		)	(7		)	15		4			3			355		355
Real Estate	3		12			12			4		17			17			797		852
Home Fashion	—		(5		)	(5		)	—		(16		)	(16		)	237		291
Holding Company	224		(273		)	(273		)	208		(16		)	(16		)	1,341		1,323
Consolidated	$	391	$	1,991		$	803		$	384	$	661		$	390		$	31,797	$	24,570

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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