Discontinued Operations (Notes)

6 Months Ended

Jun. 30, 2019

Discontinued Operations [Abstract]

Discontinued Operations

Discontinued Operations.

Income from discontinued operations is summarized as follows:

	Three Months Ended June 30, 2018
	Federal-Mogul			Tropicana			ARI			Total
Revenues:	(in millions)
Net sales	$	2,047		$	—		$	90		$	2,137
Other revenues from operations	—			227			57			284
Net loss on investment activities	—			—			(1		)	(1		)
Interest and dividend income	—			—			1			1
Other income (loss), net	1			(1		)	1			1
	2,048			226			148			2,422
Expenses:
Cost of goods sold	1,672			—			84			1,756
Other expenses from operations	—			104			31			135
Selling, general and administrative	196			71			10			277
Restructuring, net	(2		)	—			—			(2		)
Impairment	2			—			4			6
Interest expense	48			2			6			56
	1,916			177			135			2,228
Income from discontinued operations before income tax expense	132			49			13			194
Income tax expense	(18		)	(7		)	(2		)	(27		)
Income from discontinued operations	114			42			11			167
Less: income from discontinued operations attributable to non-controlling interests	3			7			3			13
Income from discontinued operations attributable to Icahn Enterprises	$	111		$	35		$	8		$	154
Supplemental information:
Capital expenditures	$	97		$	20		$	5		$	122
Depreciation and amortization	$	—		$	—		$	16		$	16

	Six Months Ended June 30, 2018
	Federal-Mogul			Tropicana			ARI			Total
Revenues:	(in millions)
Net sales	$	4,103		$	—		$	154		$	4,257
Other revenues from operations	—			446			109			555
Net gain on investment activities	—			—			—			—
Interest and dividend income	1			1			1			3
Other income (loss), net	9			(1		)	2			10
	4,113			446			266			4,825
Expenses:
Cost of goods sold	3,437			—			142			3,579
Other expenses from operations	—			206			60			266
Selling, general and administrative	416			160			19			595
Restructuring, net	(2		)	—			—			(2		)
Impairment	2			—			4			6
Interest expense	92			3			11			106
	3,945			369			236			4,550
Income from discontinued operations before income tax expense	168			77			30			275
Income tax expense	(41		)	(14		)	(8		)	(63		)
Income from discontinued operations	127			63			22			212
Less: income from discontinued operations attributable to non-controlling interests	6			10			8			24
Income from discontinued operations attributable to Icahn Enterprises	$	121		$	53		$	14		$	188
Supplemental information:
Capital expenditures	$	215		$	41		$	24		$	280
Depreciation and amortization	$	100		$	19		$	31		$	150