Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2019

Disaggregation of Revenue [Line Items]

Condensed statements of operations by reporting segment

	Three Months Ended September 30, 2019
	Investment			Energy			Automotive			Food Packaging			Metals			Real Estate		Home Fashion			Mining			Holding Company			Consolidated
	(in millions)
Revenues:
Net sales	$	—		$	1,622		$	596		$	98		$	82		$	6	$	51		$	29		$	—		$	2,484
Other revenues from operations	—			—			148			—			—			22		—			—			—			170
Net (loss) gain from investment activities	(699		)	—			—			—			—			—		—			—			42			(657		)
Interest and dividend income	50			1			—			—			—			1		—			—			17			69
(Loss) gain on disposition of assets, net	—			(3		)	—			—			—			—		—			252			—			249
Other income (loss), net	—			5			5			(6		)	—			—		—			(1		)	2			5
	(649		)	1,625			749			92			82			29		51			280			61			2,320
Expenses:
Cost of goods sold	—			1,440			409			80			84			5		43			8			—			2,069
Other expenses from operations	—			—			125			—			—			16		—			—			—			141
Selling, general and administrative	5			36			271			15			3			4		12			2			4			352
Restructuring, net	—			—			1			2			1			—		—			—			—			4
Interest expense	27			27			5			3			1			—		1			1			88			153
	32			1,503			811			100			89			25		56			11			92			2,719
(Loss) income from continuing operations before income tax (expense) benefit	(681		)	122			(62		)	(8		)	(7		)	4		(5		)	269			(31		)	(399		)
Income tax (expense) benefit	—			(30		)	14			(4		)	—			—		—			1			45			26
Net (loss) income from continuing operations	(681		)	92			(48		)	(12		)	(7		)	4		(5		)	270			14			(373		)
Less: net (loss) income from continuing operations attributable to non-controlling interests	(339		)	13			—			(2		)	—			—		—			4			—			(324		)
Net (loss) income from continuing operations attributable to Icahn Enterprises	$	(342	)	$	79		$	(48	)	$	(10	)	$	(7	)	$	4	$	(5	)	$	266		$	14		$	(49	)
Supplemental information:
Capital expenditures	$	—		$	30		$	20		$	2		$	3		$	2	$	2		$	4		$	—		$	63
Depreciation and amortization	$	—		$	88		$	25		$	5		$	5		$	4	$	2		$	—		$	—		$	129

	Three Months Ended September 30, 2018
	Investment			Energy			Automotive			Food Packaging			Metals		Real Estate			Home Fashion			Mining			Holding Company			Consolidated
	(in millions)
Revenues:
Net sales	$	—		$	1,935		$	591		$	98		$	120	$	7		$	38		$	26		$	—		$	2,815
Other revenues from operations	—			—			144			—			—		22			—			—			—			166
Net (loss) gain from investment activities	(549		)	—			—			—			—		—			—			—			35			(514		)
Interest and dividend income	27			—			—			1			—		5			—			1			2			36
Gain (loss) on disposition of assets, net	—			—			—			—			—		67			—			(2		)	—			65
Other income (loss), net	—			3			(2		)	(2		)	1		—			—			2			(1		)	1
	(522		)	1,938			733			97			121		101			38			27			36			2,569
Expenses:
Cost of goods sold	—			1,751			372			77			115		6			33			18			—			2,372
Other expenses from operations	—			—			124			—			—		14			—			—			—			138
Selling, general and administrative	4			31			253			14			5		2			8			6			6			329
Restructuring, net	—			4			4			10			—		—			(1		)	—			—			17
Interest expense	6			26			4			5			—		—			—			—			84			125
	10			1,812			757			106			120		22			40			24			90			2,981
(Loss) income from continuing operations before income tax (expense) benefit	(532		)	126			(24		)	(9		)	1		79			(2		)	3			(54		)	(412		)
Income tax (expense) benefit	—			(28		)	11			(2		)	—		(6		)	—			—			103			78
Net (loss) income from continuing operations	(532		)	98			(13		)	(11		)	1		73			(2		)	3			49			(334		)
Less: net (loss) income from continuing operations attributable to non-controlling interests	(326		)	40			—			(2		)	—		—			—			—			(1		)	(289		)
Net (loss) income from continuing operations attributable to Icahn Enterprises	$	(206	)	$	58		$	(13	)	$	(9	)	$	1	$	73		$	(2	)	$	3		$	50		$	(45	)
Supplemental information:
Capital expenditures	$	—		$	25		$	16		$	6		$	8	$	2		$	1		$	9		$	—		$	67
Depreciation and amortization	$	—		$	83		$	23		$	6		$	4	$	5		$	2		$	2		$	—		$	125

	Nine Months Ended September 30, 2019
	Investment			Energy			Automotive			Food Packaging			Metals			Real Estate		Home Fashion			Mining			Holding Company			Consolidated
	(in millions)
Revenues:
Net sales	$	—		$	4,794		$	1,736		$	290		$	270		$	17	$	134		$	130		$	—		$	7,371
Other revenues from operations	—			—			445			—			—			59		—			—			—			504
Net loss from investment activities	(1,619		)	—			—			—			—			—		—			—			(349		)	(1,968		)
Interest and dividend income	132			3			—			—			—			1		—			1			55			192
Gain (loss) on disposition of assets, net	—			5			(2		)	—			1			—		—			252			—			256
Other (loss) income, net	(1		)	10			12			(8		)	—			2		—			(1		)	2			16
	(1,488		)	4,812			2,191			282			271			79		134			382			(292		)	6,371
Expenses:
Cost of goods sold	—			4,229			1,190			230			269			14		115			51			—			6,098
Other expenses from operations	—			—			368			—			—			41		—			—			—			409
Selling, general and administrative	10			107			779			44			11			16		31			15			14			1,027
Restructuring, net	—			—			3			9			3			—		—			—			—			15
Impairment	—			—			—			1			—			—		—			—			—			1
Interest expense	66			80			15			12			1			—		1			4			264			443
	76			4,416			2,355			296			284			71		147			70			278			7,993
(Loss) income from continuing operations before income tax (expense) benefit	(1,564		)	396			(164		)	(14		)	(13		)	8		(13		)	312			(570		)	(1,622		)
Income tax (expense) benefit	—			(98		)	36			(2		)	—			1		—			(1		)	76			12
Net (loss) income from continuing operations	(1,564		)	298			(128		)	(16		)	(13		)	9		(13		)	311			(494		)	(1,610		)
Less: net (loss) income from continuing operations attributable to non-controlling interests	(779		)	77			—			(3		)	—			—		—			12			—			(693		)
Net (loss) income from continuing operations attributable to Icahn Enterprises	$	(785	)	$	221		$	(128	)	$	(13	)	$	(13	)	$	9	$	(13	)	$	299		$	(494	)	$	(917	)
Supplemental information:
Capital expenditures	$	—		$	85		$	42		$	12		$	20		$	18	$	4		$	14		$	—		$	195
Depreciation and amortization	$	—		$	265		$	73		$	19		$	14		$	13	$	5		$	—		$	—		$	389

	Nine Months Ended September 30, 2018
	Investment			Energy			Automotive			Food Packaging			Metals		Real Estate			Home Fashion			Mining			Railcar			Holding Company			Consolidated
	(in millions)
Revenues:
Net sales	$	—		$	5,386		$	1,732		$	299		$	370	$	14		$	125		$	72		$	—		$	—		$	7,998
Other revenues from operations	—			—			426			—			—		65			—			—			—			—			491
Net gain from investment activities	233			—			—			—			—		—			—			—			—			95			328
Interest and dividend income	73			1			—			1			—		15			—			1			—			7			98
(Loss) gain on disposition of assets, net	—			(5		)	—			—			—		67			—			(2		)	5			—			65
Other (loss) income, net	(1		)	6			(2		)	(15		)	1		—			1			7			—			(2		)	(5		)
	305			5,388			2,156			285			371		161			126			78			5			100			8,975
Expenses:
Cost of goods sold	—			4,914			1,116			234			349		11			108			54			—			—			6,786
Other expenses from operations	—			—			355			—			—		41			—			—			1			—			397
Selling, general and administrative	6			102			769			44			14		15			26			18			1			17			1,012
Restructuring, net	—			4			4			10			—		—			2			—			—			—			20
Impairment	—			—			3			—			—		—			—			—			—			—			3
Interest expense	33			80			12			12			—		1			—			2			—			251			391
	39			5,100			2,259			300			363		68			136			74			2			268			8,609
Income (loss) from continuing operations before income tax (expense) benefit	266			288			(103		)	(15		)	8		93			(10		)	4			3			(168		)	366
Income tax (expense) benefit	—			(52		)	38			—			—		(6		)	—			(2		)	(2		)	101			77
Net income (loss) from continuing operations	266			236			(65		)	(15		)	8		87			(10		)	2			1			(67		)	443
Less: net income (loss) from continuing operations attributable to non-controlling interests	154			93			—			(3		)	—		—			—			(1		)	—			(1		)	242
Net income (loss) from continuing operations attributable to Icahn Enterprises	$	112		$	143		$	(65	)	$	(12	)	$	8	$	87		$	(10	)	$	3		$	1		$	(66	)	$	201
Supplemental information:
Capital expenditures	$	—		$	68		$	53		$	17		$	10	$	9		$	4		$	32		$	—		$	—		$	193
Depreciation and amortization	$	—		$	252		$	72		$	19		$	13	$	15		$	6		$	6		$	—		$	—		$	383

Condensed balance sheets by reporting segment

	September 30, 2019
	Investment		Energy		Automotive		Food Packaging		Metals		Real Estate		Home Fashion		Holding Company			Consolidated
	(in millions)
ASSETS
Cash and cash equivalents	$	9	$	692	$	48	$	18	$	3	$	40	$	3	$	2,453		$	3,266
Cash held at consolidated affiliated partnerships and restricted cash	600		—		—		1		1		2		—		9			613
Investments	8,718		82		117		—		—		15		—		505			9,437
Accounts receivable, net	—		181		158		84		41		4		32		—			500
Inventories, net	—		388		1,210		103		38		—		78		—			1,817
Property, plant and equipment, net	—		2,919		936		160		122		387		68		—			4,592
Goodwill and intangible assets, net	—		263		385		30		13		18		21		—			730
Other assets	1,155		222		696		124		21		33		21		30			2,302
Total assets	$	10,482	$	4,747	$	3,550	$	520	$	239	$	499	$	223	$	2,997		$	23,257
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	$	1,500	$	1,185	$	1,305	$	195	$	65	$	40	$	55	$	92		$	4,437
Securities sold, not yet purchased, at fair value	223		—		—		—		—		—		—		—			223
Debt	—		1,195		403		269		10		2		19		5,551			7,449
Total liabilities	1,723		2,380		1,708		464		75		42		74		5,643			12,109
Equity attributable to Icahn Enterprises	4,283		1,342		1,842		42		164		457		149		(2,646		)	5,633
Equity attributable to non-controlling interests	4,476		1,025		—		14		—		—		—		—			5,515
Total equity	8,759		2,367		1,842		56		164		457		149		(2,646		)	11,148
Total liabilities and equity	$	10,482	$	4,747	$	3,550	$	520	$	239	$	499	$	223	$	2,997		$	23,257

	December 31, 2018
	Investment		Energy		Automotive		Food Packaging		Metals		Real Estate		Home Fashion		Mining		Holding Company			Consolidated
	(in millions)
ASSETS
Cash and cash equivalents	$	5	$	668	$	43	$	46	$	20	$	39	$	1	$	—	$	1,834		$	2,656
Cash held at consolidated affiliated partnerships and restricted cash	2,648		—		—		1		1		26		2		—		4			2,682
Investments	6,867		84		59		—		—		15		—		—		1,312			8,337
Accounts receivable, net	—		169		149		74		48		3		31		—		—			474
Inventories, net	—		380		1,203		93		39		—		64		—		—			1,779
Property, plant and equipment, net	—		3,027		941		169		115		367		69		—		—			4,688
Goodwill and intangible assets, net	—		278		412		32		2		24		—		—		—			748
Other assets	1,230		225		217		96		8		34		5		299		11			2,125
Total assets	$	10,750	$	4,831	$	3,024	$	511	$	233	$	508	$	172	$	299	$	3,161		$	23,489
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	$	181	$	1,043	$	905	$	164	$	56	$	41	$	35	$	112	$	178		$	2,715
Securities sold, not yet purchased, at fair value	468		—		—		—		—		—		—		—		—			468
Debt	—		1,170		372		273		—		2		4		—		5,505			7,326
Total liabilities	649		2,213		1,277		437		56		43		39		112		5,683			10,509
Equity attributable to Icahn Enterprises	5,066		1,274		1,747		55		177		465		133		165		(2,522		)	6,560
Equity attributable to non-controlling interests	5,035		1,344		—		19		—		—		—		22		—			6,420
Total equity	10,101		2,618		1,747		74		177		465		133		187		(2,522		)	12,980
Total liabilities and equity	$	10,750	$	4,831	$	3,024	$	511	$	233	$	508	$	172	$	299	$	3,161		$	23,489

Energy Segment

Disaggregation of Revenue [Line Items]

Disaggregation of revenue

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
	(in millions)
Petroleum products	$	1,533	$	1,855	$	4,476	$	5,133
Nitrogen fertilizer products	89		80		318		253
	$	1,622	$	1,935	$	4,794	$	5,386

Automotive Segment

Disaggregation of Revenue [Line Items]

Disaggregation of revenue

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
	(in millions)
Automotive services	$	356	$	341	$	1,028	$	992
Aftermarket parts sales	388		394		1,153		1,166
	$	744	$	735	$	2,181	$	2,158