Segment Reporting |
Segment Reporting. We report segment information based on the various industries in which our businesses operate and how we manage those businesses in accordance with our investment strategies, which may include: identifying and acquiring undervalued assets and businesses, often through the purchase of distressed securities; increasing value through management, financial or other operational changes; and managing complex legal, regulatory or financial issues, which may include bankruptcy or insolvency, environmental, zoning, permitting and licensing issues. Therefore, although many of our businesses are operated under separate local management, certain of our businesses are grouped together when they operate within a similar industry, comprising similarities in products, customers, production processes and regulatory environments, and when such businesses, when considered together, may be managed in accordance with one or more investment strategies specific to those businesses. Among other measures, we assess and measure segment operating results based on net income from continuing operations attributable to Icahn Enterprises and Icahn Enterprises Holdings. Certain terms of financings for certain of our businesses impose restrictions on the business' ability to transfer funds to us, including restrictions on dividends, distributions, loans and other transactions. Icahn Enterprises' condensed statements of operations by reporting segment for the three and nine months ended September 30, 2017 and 2016 are presented below. Icahn Enterprises Holdings' condensed statements of operations are substantially the same, with immaterial differences relating to our Holding Company's interest expense. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2017 | | Investment | | Automotive | | Energy | | Railcar | | Gaming | | Metals | | Mining | | Food Packaging | | Real Estate | | Home Fashion | | Holding Company | | Consolidated | | (in millions) | Revenues: | |
| | |
| | | | |
| | |
| | |
| | | | |
| | |
| | | | | | |
| Net sales | $ | — |
| | $ | 2,493 |
| | $ | 1,453 |
| | $ | 68 |
| | $ | — |
| | $ | 110 |
| | $ | 21 |
| | $ | 99 |
| | $ | 2 |
| | $ | 46 |
| | $ | — |
| | $ | 4,292 |
| Other revenues from operations | — |
| | 96 |
| | — |
| | 66 |
| | 246 |
| | — |
| | — |
| | — |
| | 19 |
| | — |
| | — |
| | 427 |
| Net income from investment activities | 386 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 34 |
| | 420 |
| Interest and dividend income | 27 |
| | 3 |
| | 1 |
| | 1 |
| | — |
| | — |
| | — |
| | — |
| | 2 |
| | — |
| | 3 |
| | 37 |
| Gain (loss) on disposition of assets, net | — |
| | 1 |
| | (1 | ) | | (10 | ) | | — |
| | — |
| | — |
| | — |
| | 456 |
| | — |
| | — |
| | 446 |
| Other (loss) income, net | (9 | ) | | 15 |
| | (16 | ) | | 1 |
| | 60 |
| | (1 | ) | | (2 | ) | | 4 |
| | 1 |
| | — |
| | 5 |
| | 58 |
| | 404 |
| | 2,608 |
| | 1,437 |
| | 126 |
| | 306 |
| | 109 |
| | 19 |
| | 103 |
| | 480 |
| | 46 |
| | 42 |
| | 5,680 |
| Expenses: | | | | | | | | | | | | | | | | | | | | | | | | Cost of goods sold | — |
| | 2,022 |
| | 1,356 |
| | 65 |
| | — |
| | 105 |
| | 15 |
| | 75 |
| | 2 |
| | 39 |
| | — |
| | 3,679 |
| Other expenses from operations | — |
| | 107 |
| | — |
| | 25 |
| | 109 |
| | — |
| | — |
| | — |
| | 13 |
| | — |
| | — |
| | 254 |
| Selling, general and administrative | 3 |
| | 455 |
| | 35 |
| | 9 |
| | 87 |
| | 5 |
| | 4 |
| | 14 |
| | 2 |
| | 11 |
| | 8 |
| | 633 |
| Restructuring, net | — |
| | 4 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 1 |
| | — |
| | — |
| | — |
| | 5 |
| Impairment | — |
| | 4 |
| | — |
| | 1 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 5 |
| Interest expense | 42 |
| | 42 |
| | 28 |
| | 5 |
| | 3 |
| | — |
| | 2 |
| | 3 |
| | — |
| | — |
| | 82 |
| | 207 |
| | 45 |
| | 2,634 |
| | 1,419 |
| | 105 |
| | 199 |
| | 110 |
| | 21 |
| | 93 |
| | 17 |
| | 50 |
| | 90 |
| | 4,783 |
| Income (loss) before income tax benefit (expense) | 359 |
| | (26 | ) | | 18 |
| | 21 |
| | 107 |
| | (1 | ) | | (2 | ) | | 10 |
| | 463 |
| | (4 | ) | | (48 | ) | | 897 |
| Income tax benefit (expense) | — |
| | 19 |
| | (2 | ) | | (6 | ) | | (27 | ) | | 2 |
| | — |
| | (4 | ) | | — |
| | — |
| | (50 | ) | | (68 | ) | Net income (loss) | 359 |
| | (7 | ) | | 16 |
| | 15 |
| | 80 |
| | 1 |
| | (2 | ) | | 6 |
| | 463 |
| | (4 | ) | | (98 | ) | | 829 |
| Less: net income (loss) attributable to non-controlling interests | 221 |
| | 2 |
| | (2 | ) | | 3 |
| | 7 |
| | — |
| | — |
| | 1 |
| | — |
| | — |
| | — |
| | 232 |
| Net income (loss) attributable to Icahn Enterprises | $ | 138 |
| | $ | (9 | ) | | $ | 18 |
| | $ | 12 |
| | $ | 73 |
| | $ | 1 |
| | $ | (2 | ) | | $ | 5 |
| | $ | 463 |
| | $ | (4 | ) | | $ | (98 | ) | | $ | 597 |
| | | | | | | | | | | | | | | | | | | | | | | | | Supplemental information: | | | | | | | | | | | | | | | | | | | | | | | | Capital expenditures | $ | — |
| | $ | 113 |
| | $ | 23 |
| | $ | 30 |
| | $ | 30 |
| | $ | 1 |
| | $ | 10 |
| | $ | 6 |
| | $ | 7 |
| | $ | 2 |
| | $ | — |
| | $ | 222 |
| Depreciation and amortization(1) | $ | — |
| | $ | 128 |
| | $ | 70 |
| | $ | 15 |
| | $ | 19 |
| | $ | 5 |
| | $ | 2 |
| | $ | 5 |
| | $ | 5 |
| | $ | 2 |
| | $ | — |
| | $ | 251 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2016 | | Investment | | Automotive | | Energy | | Railcar | | Gaming | | Metals | | Mining | | Food Packaging | | Real Estate | | Home Fashion | | Holding Company | | Consolidated | | (in millions) | Revenues: | |
| | |
| | | | |
| | |
| | | | | | |
| | |
| | | | | | |
| Net sales | $ | — |
| | $ | 2,346 |
| | $ | 1,240 |
| | $ | 94 |
| | $ | — |
| | $ | 72 |
| | $ | 18 |
| | $ | 81 |
| | $ | 5 |
| | $ | 48 |
| | $ | — |
| | $ | 3,904 |
| Other revenues from operations | — |
| | 116 |
| | — |
| | 133 |
| | 268 |
| | — |
| | — |
| | — |
| | 20 |
| | — |
| | — |
| | 537 |
| Net gain (loss) from investment activities | 412 |
| | — |
| | 5 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 1 |
| | 418 |
| Interest and dividend income | 24 |
| | — |
| | 1 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 2 |
| | 27 |
| (Loss) gain on disposition of assets, net | — |
| | (1 | ) | | (1 | ) | | 1 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | (1 | ) | Other (loss) income, net | (1 | ) | | 15 |
| | (1 | ) | | — |
| | 3 |
| | — |
| | (1 | ) | | (1 | ) | | — |
| | — |
| | — |
| | 14 |
| | 435 |
| | 2,476 |
| | 1,244 |
| | 228 |
| | 271 |
| | 72 |
| | 17 |
| | 80 |
| | 25 |
| | 48 |
| | 3 |
| | 4,899 |
| Expenses: | | | | | | | | | | | | | | | | | | | | | | | | Cost of goods sold | — |
| | 1,899 |
| | 1,195 |
| | 86 |
| | — |
| | 78 |
| | 13 |
| | 61 |
| | 4 |
| | 42 |
| | — |
| | 3,378 |
| Other expenses from operations | — |
| | 122 |
| | — |
| | 80 |
| | 127 |
| | — |
| | — |
| | — |
| | 13 |
| | — |
| | — |
| | 342 |
| Selling, general and administrative | 21 |
| | 382 |
| | 35 |
| | 10 |
| | 118 |
| | 4 |
| | 4 |
| | 12 |
| | 4 |
| | 10 |
| | 3 |
| | 603 |
| Restructuring, net | — |
| | 7 |
| | — |
| | — |
| | — |
| | 1 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 8 |
| Impairment | — |
| | 1 |
| | — |
| | — |
| | 92 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 93 |
| Interest expense | 52 |
| | 41 |
| | 26 |
| | 22 |
| | 3 |
| | — |
| | 2 |
| | 4 |
| | — |
| | — |
| | 72 |
| | 222 |
| | 73 |
| | 2,452 |
| | 1,256 |
| | 198 |
| | 340 |
| | 83 |
| | 19 |
| | 77 |
| | 21 |
| | 52 |
| | 75 |
| | 4,646 |
| Income (loss) before income tax benefit (expense) | 362 |
| | 24 |
| | (12 | ) | | 30 |
| | (69 | ) | | (11 | ) | | (2 | ) | | 3 |
| | 4 |
| | (4 | ) | | (72 | ) | | 253 |
| Income tax benefit (expense) | — |
| | 9 |
| | 4 |
| | (9 | ) | | (14 | ) | | 5 |
| | (1 | ) | | (1 | ) | | — |
| | — |
| | (8 | ) | | (15 | ) | Net income (loss) | 362 |
| | 33 |
| | (8 | ) | | 21 |
| | (83 | ) | | (6 | ) | | (3 | ) | | 2 |
| | 4 |
| | (4 | ) | | (80 | ) | | 238 |
| Less: net income (loss) attributable to non-controlling interests | 251 |
| | 4 |
| | (10 | ) | | 3 |
| | 6 |
| | — |
| | (1 | ) | | 1 |
| | — |
| | — |
| | — |
| | 254 |
| Net income (loss) attributable to Icahn Enterprises | $ | 111 |
| | $ | 29 |
| | $ | 2 |
| | $ | 18 |
| | $ | (89 | ) | | $ | (6 | ) | | $ | (2 | ) | | $ | 1 |
| | $ | 4 |
| | $ | (4 | ) | | $ | (80 | ) | | $ | (16 | ) | | | | | | | | | | | | | | | | | | | | | | | | | Supplemental information: | | | | | | | | | | | | | | | | | | | | | | | | Capital expenditures | $ | — |
| | $ | 98 |
| | $ | 23 |
| | $ | 42 |
| | $ | 15 |
| | $ | 1 |
| | $ | 7 |
| | $ | 5 |
| | $ | — |
| | $ | 3 |
| | $ | — |
| | $ | 194 |
| Depreciation and amortization(1) | $ | — |
| | $ | 120 |
| | $ | 68 |
| | $ | 35 |
| | $ | 18 |
| | $ | 6 |
| | $ | 2 |
| | $ | 4 |
| | $ | 4 |
| | $ | 1 |
| | $ | — |
| | $ | 258 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2017 | | Investment | | Automotive | | Energy | | Railcar | | Gaming | | Metals | | Mining | | Food Packaging | | Real Estate | | Home Fashion | | Holding Company | | Consolidated | | (in millions) | Revenues: | |
| | |
| | | | |
| | |
| | |
| | | | |
| | |
| | | | | | |
| Net sales | $ | — |
| | $ | 7,488 |
| | $ | 4,395 |
| | $ | 184 |
| | $ | — |
| | $ | 315 |
| | $ | 76 |
| | $ | 288 |
| | $ | 9 |
| | $ | 138 |
| | $ | — |
| | $ | 12,893 |
| Other revenues from operations | — |
| | 329 |
| | — |
| | 320 |
| | 685 |
| | — |
| | — |
| | — |
| | 55 |
| | — |
| | — |
| | 1,389 |
| Net income from investment activities | 552 |
| | — |
| | — |
| | 2 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 50 |
| | 604 |
| Interest and dividend income | 80 |
| | 4 |
| | 1 |
| | 2 |
| | 1 |
| | — |
| | 1 |
| | — |
| | 2 |
| | — |
| | 8 |
| | 99 |
| Gain (loss) on disposition of assets, net | — |
| | 4 |
| | (2 | ) | | 1,511 |
| | (3 | ) | | — |
| | — |
| | — |
| | 456 |
| | — |
| | — |
| | 1,966 |
| Other (loss) income, net | (50 | ) | | 45 |
| | (3 | ) | | 2 |
| | 61 |
| | (1 | ) | | (3 | ) | | 3 |
| | 1 |
| | — |
| | 5 |
| | 60 |
| | 582 |
| | 7,870 |
| | 4,391 |
| | 2,021 |
| | 744 |
| | 314 |
| | 74 |
| | 291 |
| | 523 |
| | 138 |
| | 63 |
| | 17,011 |
| Expenses: | | | | | | | | | | | | | | | | | | | | | | | | Cost of goods sold | — |
| | 6,045 |
| | 4,191 |
| | 170 |
| | — |
| | 299 |
| | 45 |
| | 218 |
| | 7 |
| | 119 |
| | — |
| | 11,094 |
| Other expenses from operations | — |
| | 326 |
| | — |
| | 107 |
| | 317 |
| | — |
| | — |
| | — |
| | 36 |
| | — |
| | — |
| | 786 |
| Selling, general and administrative | 8 |
| | 1,320 |
| | 105 |
| | 38 |
| | 280 |
| | 14 |
| | 12 |
| | 47 |
| | 8 |
| | 30 |
| | 21 |
| | 1,883 |
| Restructuring, net | — |
| | 11 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 3 |
| | — |
| | — |
| | — |
| | 14 |
| Impairment | — |
| | 12 |
| | — |
| | 68 |
| | — |
| | — |
| | — |
| | — |
| | 2 |
| | — |
| | — |
| | 82 |
| Interest expense | 134 |
| | 124 |
| | 82 |
| | 39 |
| | 9 |
| | — |
| | 5 |
| | 10 |
| | 1 |
| | — |
| | 244 |
| | 648 |
| | 142 |
| | 7,838 |
| | 4,378 |
| | 422 |
| | 606 |
| | 313 |
| | 62 |
| | 278 |
| | 54 |
| | 149 |
| | 265 |
| | 14,507 |
| Income (loss) before income tax benefit (expense) | 440 |
| | 32 |
| | 13 |
| | 1,599 |
| | 138 |
| | 1 |
| | 12 |
| | 13 |
| | 469 |
| | (11 | ) | | (202 | ) | | 2,504 |
| Income tax benefit (expense) | — |
| | 537 |
| | 2 |
| | (525 | ) | | (48 | ) | | 3 |
| | (2 | ) | | (5 | ) | | — |
| | — |
| | (72 | ) | | (110 | ) | Net income (loss) | 440 |
| | 569 |
| | 15 |
| | 1,074 |
| | 90 |
| | 4 |
| | 10 |
| | 8 |
| | 469 |
| | (11 | ) | | (274 | ) | | 2,394 |
| Less: net income (loss) attributable to non-controlling interests | 228 |
| | 8 |
| | (7 | ) | | 11 |
| | 18 |
| | — |
| | 2 |
| | 2 |
| | — |
| | — |
| | — |
| | 262 |
| Net income (loss) attributable to Icahn Enterprises | $ | 212 |
| | $ | 561 |
| | $ | 22 |
| | $ | 1,063 |
| | $ | 72 |
| | $ | 4 |
| | $ | 8 |
| | $ | 6 |
| | $ | 469 |
| | $ | (11 | ) | | $ | (274 | ) | | $ | 2,132 |
| | | | | | | | | | | | | | | | | | | | | | | | | Supplemental information: | | | | | | | | | | | | | | | | | | | | | | | | Capital expenditures | $ | — |
| | $ | 333 |
| | $ | 80 |
| | $ | 139 |
| | $ | 83 |
| | $ | 4 |
| | $ | 27 |
| | $ | 15 |
| | $ | 7 |
| | $ | 4 |
| | $ | — |
| | $ | 692 |
| Depreciation and amortization(1) | $ | — |
| | $ | 375 |
| | $ | 208 |
| | $ | 51 |
| | $ | 54 |
| | $ | 15 |
| | $ | 4 |
| | $ | 18 |
| | $ | 15 |
| | $ | 6 |
| | $ | — |
| | $ | 746 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2016 | | Investment | | Automotive | | Energy | | Railcar | | Gaming | | Metals | | Mining | | Food Packaging | | Real Estate | | Home Fashion | | Holding Company | | Consolidated | | (in millions) | Revenues: | |
| | |
| | | | |
| | |
| | | | | | |
| | |
| | | | | | |
| Net sales | $ | — |
| | $ | 7,140 |
| | $ | 3,429 |
| | $ | 315 |
| | $ | — |
| | $ | 206 |
| | $ | 49 |
| | $ | 243 |
| | $ | 13 |
| | $ | 151 |
| | $ | — |
| | $ | 11,546 |
| Other revenues from operations | — |
| | 314 |
| | — |
| | 398 |
| | 740 |
| | — |
| | — |
| | — |
| | 54 |
| | — |
| | — |
| | 1,506 |
| Net (loss) gain from investment activities | (841 | ) | | — |
| | 5 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 10 |
| | (826 | ) | Interest and dividend income | 84 |
| | 2 |
| | 1 |
| | 2 |
| | — |
| | — |
| | 1 |
| | — |
| | — |
| | — |
| | 7 |
| | 97 |
| Gain on disposition of assets, net | — |
| | 8 |
| | (1 | ) | | 1 |
| | — |
| | 1 |
| | — |
| | — |
| | 1 |
| | — |
| | — |
| | 10 |
| Other (loss) income, net | (3 | ) | | 52 |
| | (9 | ) | | 3 |
| | 3 |
| | — |
| | (9 | ) | | 4 |
| | — |
| | 1 |
| | 1 |
| | 43 |
| | (760 | ) | | 7,516 |
| | 3,425 |
| | 719 |
| | 743 |
| | 207 |
| | 41 |
| | 247 |
| | 68 |
| | 152 |
| | 18 |
| | 12,376 |
| Expenses: | | | | | | | | | | | | | | | | | | | | | | | | Cost of goods sold | — |
| | 5,797 |
| | 3,297 |
| | 270 |
| | — |
| | 217 |
| | 43 |
| | 185 |
| | 10 |
| | 130 |
| | — |
| | 9,949 |
| Other expenses from operations | — |
| | 323 |
| | — |
| | 186 |
| | 358 |
| | — |
| | — |
| | — |
| | 35 |
| | — |
| | — |
| | 902 |
| Selling, general and administrative | 28 |
| | 1,131 |
| | 103 |
| | 32 |
| | 329 |
| | 14 |
| | 12 |
| | 39 |
| | 9 |
| | 28 |
| | 11 |
| | 1,736 |
| Restructuring, net | — |
| | 28 |
| | — |
| | — |
| | — |
| | 1 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 29 |
| Impairment | — |
| | 4 |
| | 574 |
| | — |
| | 92 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 670 |
| Interest expense | 184 |
| | 118 |
| | 56 |
| | 66 |
| | 9 |
| | — |
| | 5 |
| | 10 |
| | 1 |
| | — |
| | 216 |
| | 665 |
| | 212 |
| | 7,401 |
| | 4,030 |
| | 554 |
| | 788 |
| | 232 |
| | 60 |
| | 234 |
| | 55 |
| | 158 |
| | 227 |
| | 13,951 |
| (Loss) income before income tax (expense) benefit | (972 | ) | | 115 |
| | (605 | ) | | 165 |
| | (45 | ) | | (25 | ) | | (19 | ) | | 13 |
| | 13 |
| | (6 | ) | | (209 | ) | | (1,575 | ) | Income tax (expense) benefit | — |
| | (12 | ) | | 17 |
| | (42 | ) | | (24 | ) | | 12 |
| | (2 | ) | | (5 | ) | | — |
| | — |
| | (25 | ) | | (81 | ) | Net (loss) income | (972 | ) | | 103 |
| | (588 | ) | | 123 |
| | (69 | ) | | (13 | ) | | (21 | ) | | 8 |
| | 13 |
| | (6 | ) | | (234 | ) | | (1,656 | ) | Less: net (loss) income attributable to non-controlling interests | (526 | ) | | 18 |
| | (259 | ) | | 25 |
| | 11 |
| | — |
| | (5 | ) | | 2 |
| | — |
| | — |
| | — |
| | (734 | ) | Net (loss) income attributable to Icahn Enterprises | $ | (446 | ) | | $ | 85 |
| | $ | (329 | ) | | $ | 98 |
| | $ | (80 | ) | | $ | (13 | ) | | $ | (16 | ) | | $ | 6 |
| | $ | 13 |
| | $ | (6 | ) | | $ | (234 | ) | | $ | (922 | ) | | | | | | | | | | | | | | | | | | | | | | | | | Supplemental information: | | | | | | | | | | | | | | | | | | | | | | | | Capital expenditures | $ | — |
| | $ | 306 |
| | $ | 106 |
| | $ | 104 |
| | $ | 63 |
| | $ | 3 |
| | $ | 12 |
| | $ | 11 |
| | $ | — |
| | $ | 10 |
| | $ | — |
| | $ | 615 |
| Depreciation and amortization(1) | $ | — |
| | $ | 337 |
| | $ | 191 |
| | $ | 103 |
| | $ | 53 |
| | $ | 17 |
| | $ | 3 |
| | $ | 15 |
| | $ | 15 |
| | $ | 5 |
| | $ | — |
| | $ | 739 |
|
| | (1) | Excludes amounts related to the amortization of deferred financing costs and debt discounts and premiums included in interest expense in the amounts of $4 million and $6 million for the three months ended September 30, 2017 and 2016, respectively, and $13 million and $14 million for the nine months ended September 30, 2017 and 2016, respectively. |
Icahn Enterprises' condensed balance sheets by reporting segment as of September 30, 2017 and December 31, 2016 are presented below. Icahn Enterprises Holdings' condensed balance sheets are substantially the same, with immaterial differences relating to our Holding Company's other assets, debt and equity attributable to Icahn Enterprises Holdings. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2017 | | Investment | | Automotive | | Energy | | Railcar | | Gaming | | Metals | | Mining | | Food Packaging | | Real Estate | | Home Fashion | | Holding Company | | Consolidated | | (in millions) | ASSETS | | | | | | | | | | | | | | | | | | | | | | | | Cash and cash equivalents | $ | 17 |
| | $ | 366 |
| | $ | 849 |
| | $ | 106 |
| | $ | 125 |
| | $ | 14 |
| | $ | 17 |
| | $ | 18 |
| | $ | 41 |
| | $ | 1 |
| | $ | 484 |
| | $ | 2,038 |
| Cash held at consolidated affiliated partnerships and restricted cash | 951 |
| | — |
| | — |
| | 19 |
| | 15 |
| | 4 |
| | — |
| | 2 |
| | 2 |
| | 4 |
| | 2 |
| | 999 |
| Investments | 9,016 |
| | 302 |
| | 6 |
| | 24 |
| | 27 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 373 |
| | 9,748 |
| Accounts receivable, net | — |
| | 1,477 |
| | 143 |
| | 34 |
| | 11 |
| | 57 |
| | 8 |
| | 78 |
| | 10 |
| | 35 |
| | — |
| | 1,853 |
| Inventories, net | — |
| | 2,618 |
| | 340 |
| | 73 |
| | — |
| | 30 |
| | 26 |
| | 93 |
| | — |
| | 76 |
| | — |
| | 3,256 |
| Property, plant and equipment, net | — |
| | 3,453 |
| | 3,239 |
| | 1,180 |
| | 800 |
| | 89 |
| | 177 |
| | 166 |
| | 454 |
| | 73 |
| | — |
| | 9,631 |
| Goodwill and intangible assets, net | — |
| | 1,817 |
| | 303 |
| | 7 |
| | 74 |
| | 3 |
| | — |
| | 36 |
| | 31 |
| | — |
| | — |
| | 2,271 |
| Other assets | 1,026 |
| | 618 |
| | 67 |
| | 467 |
| | 281 |
| | 26 |
| | 23 |
| | 106 |
| | 393 |
| | 4 |
| | 10 |
| | 3,021 |
| Total assets | $ | 11,010 |
| | $ | 10,651 |
| | $ | 4,947 |
| | $ | 1,910 |
| | $ | 1,333 |
| | $ | 223 |
| | $ | 251 |
| | $ | 499 |
| | $ | 931 |
| | $ | 193 |
| | $ | 869 |
| | $ | 32,817 |
| LIABILITIES AND EQUITY | | | | | | | | | | | | | | | | | | | | | | | | Accounts payable, accrued expenses and other liabilities | $ | 1,712 |
| | $ | 3,066 |
| | $ | 1,532 |
| | $ | 351 |
| | $ | 187 |
| | $ | 52 |
| | $ | 46 |
| | $ | 96 |
| | $ | 57 |
| | $ | 35 |
| | $ | 216 |
| | $ | 7,350 |
| Securities sold, not yet purchased, at fair value | 1,258 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 1,258 |
| Due to brokers | 603 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 603 |
| Post-employment benefit liability | — |
| | 1,127 |
| | — |
| | 9 |
| | — |
| | 2 |
| | — |
| | 72 |
| | — |
| | — |
| | — |
| | 1,210 |
| Debt | — |
| | 3,451 |
| | 1,166 |
| | 552 |
| | 162 |
| | — |
| | 58 |
| | 273 |
| | 23 |
| | 5 |
| | 5,508 |
| | 11,198 |
| Total liabilities | 3,573 |
| | 7,644 |
| | 2,698 |
| | 912 |
| | 349 |
| | 54 |
| | 104 |
| | 441 |
| | 80 |
| | 40 |
| | 5,724 |
| | 21,619 |
| | | | | | | | | | | | | | | | | | | | | | | | | Equity attributable to Icahn Enterprises | 2,882 |
| | 2,852 |
| | 941 |
| | 787 |
| | 841 |
| | 169 |
| | 123 |
| | 40 |
| | 851 |
| | 153 |
| | (4,855 | ) | | 4,784 |
| Equity attributable to non-controlling interests | 4,555 |
| | 155 |
| | 1,308 |
| | 211 |
| | 143 |
| | — |
| | 24 |
| | 18 |
| | — |
| | — |
| | — |
| | 6,414 |
| Total equity | 7,437 |
| | 3,007 |
| | 2,249 |
| | 998 |
| | 984 |
| | 169 |
| | 147 |
| | 58 |
| | 851 |
| | 153 |
| | (4,855 | ) | | 11,198 |
| Total liabilities and equity | $ | 11,010 |
| | $ | 10,651 |
| | $ | 4,947 |
| | $ | 1,910 |
| | $ | 1,333 |
| | $ | 223 |
| | $ | 251 |
| | $ | 499 |
| | $ | 931 |
| | $ | 193 |
| | $ | 869 |
| | $ | 32,817 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2016 | | Investment | | Automotive | | Energy | | Railcar | | Gaming | | Metals | | Mining | | Food Packaging | | Real Estate | | Home Fashion | | Holding Company | | Consolidated | | (in millions) | ASSETS | | | | | | | | | | | | | | | | | | | | | | | | Cash and cash equivalents | $ | 13 |
| | $ | 353 |
| | $ | 736 |
| | $ | 179 |
| | $ | 244 |
| | $ | 4 |
| | $ | 14 |
| | $ | 39 |
| | $ | 24 |
| | $ | 2 |
| | $ | 225 |
| | $ | 1,833 |
| Cash held at consolidated affiliated partnerships and restricted cash | 752 |
| | 2 |
| | — |
| | 19 |
| | 15 |
| | 5 |
| | — |
| | 2 |
| | 2 |
| | 4 |
| | 3 |
| | 804 |
| Investments | 9,213 |
| | 270 |
| | 6 |
| | 35 |
| | 33 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 324 |
| | 9,881 |
| Accounts receivable, net | — |
| | 1,270 |
| | 152 |
| | 40 |
| | 12 |
| | 29 |
| | 5 |
| | 63 |
| | 3 |
| | 35 |
| | — |
| | 1,609 |
| Inventories, net | — |
| | 2,353 |
| | 349 |
| | 75 |
| | — |
| | 38 |
| | 25 |
| | 72 |
| | — |
| | 71 |
| | — |
| | 2,983 |
| Property, plant and equipment, net | — |
| | 3,302 |
| | 3,358 |
| | 1,567 |
| | 814 |
| | 100 |
| | 152 |
| | 152 |
| | 602 |
| | 75 |
| | — |
| | 10,122 |
| Goodwill and intangible assets, net | — |
| | 1,801 |
| | 318 |
| | 7 |
| | 75 |
| | 4 |
| | — |
| | 8 |
| | 38 |
| | 1 |
| | — |
| | 2,252 |
| Other assets | 1,518 |
| | 504 |
| | 94 |
| | 1,410 |
| | 209 |
| | 13 |
| | 23 |
| | 92 |
| | 18 |
| | 5 |
| | 1 |
| | 3,887 |
| Total assets | $ | 11,496 |
| | $ | 9,855 |
| | $ | 5,013 |
| | $ | 3,332 |
| | $ | 1,402 |
| | $ | 193 |
| | $ | 219 |
| | $ | 428 |
| | $ | 687 |
| | $ | 193 |
| | $ | 553 |
| | $ | 33,371 |
| LIABILITIES AND EQUITY | | | | | | | | | | | | | | | | | | | | | | | | Accounts payable, accrued expenses and other liabilities | $ | 1,236 |
| | $ | 2,870 |
| | $ | 1,474 |
| | $ | 2,100 |
| | $ | 153 |
| | $ | 34 |
| | $ | 38 |
| | $ | 69 |
| | $ | 20 |
| | $ | 29 |
| | $ | 168 |
| | $ | 8,191 |
| Securities sold, not yet purchased, at fair value | 1,139 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 1,139 |
| Due to brokers | 3,725 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 3,725 |
| Post-employment benefit liability | — |
| | 1,113 |
| | — |
| | 9 |
| | — |
| | 2 |
| | — |
| | 56 |
| | — |
| | — |
| | — |
| | 1,180 |
| Debt | — |
| | 3,259 |
| | 1,165 |
| | 571 |
| | 287 |
| | 2 |
| | 55 |
| | 265 |
| | 25 |
| | — |
| | 5,490 |
| | 11,119 |
| Total liabilities | 6,100 |
| | 7,242 |
| | 2,639 |
| | 2,680 |
| | 440 |
| | 38 |
| | 93 |
| | 390 |
| | 45 |
| | 29 |
| | 5,658 |
| | 25,354 |
| | | | | | | | | | | | | | | | | | | | | | | | | Equity attributable to Icahn Enterprises | 1,669 |
| | 2,292 |
| | 1,034 |
| | 444 |
| | 730 |
| | 155 |
| | 104 |
| | 25 |
| | 642 |
| | 164 |
| | (5,105 | ) | | 2,154 |
| Equity attributable to non-controlling interests | 3,727 |
| | 321 |
| | 1,340 |
| | 208 |
| | 232 |
| | — |
| | 22 |
| | 13 |
| | — |
| | — |
| | — |
| | 5,863 |
| Total equity | 5,396 |
| | 2,613 |
| | 2,374 |
| | 652 |
| | 962 |
| | 155 |
| | 126 |
| | 38 |
| | 642 |
| | 164 |
| | (5,105 | ) | | 8,017 |
| Total liabilities and equity | $ | 11,496 |
| | $ | 9,855 |
| | $ | 5,013 |
| | $ | 3,332 |
| | $ | 1,402 |
| | $ | 193 |
| | $ | 219 |
| | $ | 428 |
| | $ | 687 |
| | $ | 193 |
| | $ | 553 |
| | $ | 33,371 |
|
|