Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

difference in book basis and tax basis of net assets not subject to income taxes [Table Text Block]

The difference between the book basis and the tax basis of our net assets, not directly subject to income taxes, is as follows:



	Icahn Enterprises						Icahn Enterprises Holdings
	December 31,						December 31,
	2013			2012			2013			2012
	(in millions)						(in millions)
Book basis of net assets	$	6,092		$	4,669		$	6,114		$	4,691
Book/tax basis difference	(2,248		)	(1,840		)	(2,248		)	(1,840		)
Tax basis of net assets	$	3,844		$	2,829		$	3,866		$	2,851

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Our corporate subsidiaries recorded the following income tax benefit (expense) attributable to continuing operations for our taxable subsidiaries:



	Year Ended December 31,
	2013			2012			2011
Continuing Operations	(in millions)
Current:
Domestic	$	22		$	(104	)	$	(1	)
International	(61		)	(53		)	(45		)
Total current	(39		)	(157		)	(46		)
Deferred:
Domestic	146			191			4
International	11			47			8
Total deferred	157			238			12
	$	118		$	81		$	(34	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The tax effect of significant differences representing deferred tax assets (liabilities) (the difference between financial statement carrying value and the tax basis of assets and liabilities) is as follows:



	December 31,
	2013			2012
	(in millions)
Deferred tax assets:
Property, plant and equipment	$	141		$	146
Net operating loss	1,137			1,163
Tax credits	166			134
Post-employment benefits, including pensions	303			441
Reorganization costs	27			51
Other	242			311
Total deferred tax assets	2,016			2,246
Less: Valuation allowance	(1,216		)	(1,550		)
Net deferred tax assets	$	800		$	696

Deferred tax liabilities:
Property, plant and equipment	$	(216	)	$	(644	)
Intangible assets	(187		)	(377		)
Investment in partnerships	(1,242		)	(303		)
Investment in U.S. subsidiaries	(307		)	(307		)
Other	(13		)	(27		)
Total deferred tax liabilities	(1,965		)	(1,658		)
	$	(1,165	)	$	(962	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation of the effective tax rate on continuing operations as shown in the consolidated statements of operations to the federal statutory rate is as follows:



	Years Ended December 31,
	2013		2012		2011
Federal statutory rate	35.0	%	35.0	%	35.0	%
Foreign Operations	1.3		0.7		0.8
Valuation allowance	(15.4	)	14.8		(0.6	)
Gain on settlement of liabilities subject to compromise	—		(51.7	)	(1.4	)
Income not subject to taxation	(25.4	)	(12.6	)	(31.4	)
Other	(0.6	)	1.9		(0.5	)
	(5.1	)%	(11.9	)%	1.9	%

Schedule of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns Roll Forward [Table Text Block]

A summary of the changes in the gross amounts of unrecognized tax benefits for the fiscal years ended December 31, 2013, 2012 and 2011 are as follows:



	Years Ended December 31,
	2013			2012			2011
	(in millions)
Balance at January 1	$	113		$	388		$	407
Addition based on tax positions related to the current year	23			23			7
Acquisition of CVR	—			18			—
Increase for tax positions of prior years	6			15			27
Decrease for tax positions of prior years	(9		)	(15		)	(20		)
Decrease for statute of limitation expiration	(1		)	(14		)	(9		)
Settlements	1			(301		)	(21		)
Impact of currency translation and other	(1		)	(1		)	(3		)
Balance at December 31	$	132		$	113		$	388