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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Net sales $ 2,588 $ 2,819 $ 4,888 $ 5,183
Other revenues from operations 172 167 334 325
Net (loss) gain from investment activities (637) 410 (1,311) 842
Interest and dividend income 58 36 122 62
Other income (loss), net 15 (9) 18 (6)
Total Revenues 2,196 3,423 4,051 6,406
Expenses:        
Cost of goods sold 2,129 2,427 4,029 4,414
Other expenses from operations 137 134 268 259
Selling, general and administrative 339 345 675 683
Restructuring, net 4 1 11 3
Impairment 1 3 1 3
Interest expense 151 119 290 266
Total Expenses 2,761 3,029 5,274 5,628
(Loss) income from continuing operations before income tax (expense) benefit (565) 394 (1,223) 778
Income tax (expense) benefit (8) 16 (14) (1)
(Loss) income from continuing operations (573) 410 (1,237) 777
(Loss) income from discontinued operations (24) 167 (24) 212
Net (loss) income (597) 577 (1,261) 989
Less: net (loss) income attributable to non-controlling interests (99) 275 (369) 555
Net (loss) income attributable to Icahn Enterprises (498) 302 (892) 434
Net (loss) income attributable to Icahn Enterprises allocated to:        
Continuing operations (474) 148 (868) 246
Discontinued operations (24) 154 (24) 188
Limited partners (488) 296 (874) 425
General partner (10) 6 (18) 9
Net (loss) income attributable to Icahn Enterprises $ (498) $ 302 $ (892) $ 434
Basic income (loss) per LP unit        
Continuing operations $ (2.37) $ 0.81 $ (4.39) $ 1.37
Discontinued operations (0.12) 0.85 (0.12) 1.04
Basic income (loss) per LP unit $ (2.49) $ 1.66 $ (4.51) $ 2.41
Basic weighted average LP units outstanding 196 178 194 176
Diluted income (loss) per LP unit        
Continuing operations $ (2.37) $ 0.81 $ (4.39) $ 1.37
Discontinued operations (0.12) 0.85 (0.12) 1.04
Diluted income (loss) per LP unit $ (2.49) $ 1.66 $ (4.51) $ 2.41
Diluted weighted average LP units outstanding 196 178 194 176
Cash distributions declared per LP unit $ 2.00 $ 1.75 $ 4.00 $ 3.50
Icahn Enterprises Holdings        
Revenues:        
Net sales $ 2,588 $ 2,819 $ 4,888 $ 5,183
Other revenues from operations 172 167 334 325
Net (loss) gain from investment activities (637) 410 (1,311) 842
Interest and dividend income 58 36 122 62
Other income (loss), net 15 (9) 18 (6)
Total Revenues 2,196 3,423 4,051 6,406
Expenses:        
Cost of goods sold 2,129 2,427 4,029 4,414
Other expenses from operations 137 134 268 259
Selling, general and administrative 339 345 675 683
Restructuring, net 4 1 11 3
Impairment 1 3 1 3
Interest expense 150 118 289 265
Total Expenses 2,760 3,028 5,273 5,627
(Loss) income from continuing operations before income tax (expense) benefit (564) 395 (1,222) 779
Income tax (expense) benefit (8) 16 (14) (1)
(Loss) income from continuing operations (572) 411 (1,236) 778
(Loss) income from discontinued operations (24) 167 (24) 212
Net (loss) income (596) 578 (1,260) 990
Less: net (loss) income attributable to non-controlling interests (99) 275 (369) 555
Net (loss) income attributable to Icahn Enterprises (497) 303 (891) 435
Net (loss) income attributable to Icahn Enterprises allocated to:        
Continuing operations (473) 149 (867) 247
Discontinued operations (24) 154 (24) 188
Limited partners (492) 300 (882) 431
General partner (5) 3 (9) 4
Net (loss) income attributable to Icahn Enterprises $ (497) $ 303 $ (891) $ 435