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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Net sales $ 1,325 $ 2,588 $ 3,186 $ 4,888
Other revenues from operations 136 172 297 334
Net gain (loss) from investment activities 1,235 (637) (893) (1,311)
Interest and dividend income 26 58 89 122
Other (loss) income, net (13) 15 (30) 18
Total Revenues 2,709 2,196 2,649 4,051
Expenses:        
Cost of goods sold 1,135 2,129 2,944 4,029
Other expenses from operations 107 137 242 268
Selling, general and administrative 291 339 599 675
Restructuring, net 5 4 7 11
Impairment 5 1 5 1
Interest expense 174 151 346 290
Total Expenses 1,717 2,761 4,143 5,274
Income (loss) before income tax (expense) benefit 992 (565) (1,494) (1,223)
Income tax (expense) benefit (128) (8) 52 (14)
Income (loss) from continuing operations 864 (573) (1,442) (1,237)
Loss from discontinued operations   (24) 0 (24)
Net income (loss) 864 (597) (1,442) (1,261)
Less: net income (loss) attributable to non-controlling interests 565 (99) (357) (369)
Net income (loss) attributable to Icahn Enterprises 299 (498) (1,085) (892)
Net (loss) income attributable to Icahn Enterprises allocated to:        
Continuing operations 299 (474) (1,085) (868)
Discontinued operations   (24) 0 (24)
Limited partners 293 (488) (1,063) (874)
General partner 6 (10) (22) (18)
Net income (loss) attributable to Icahn Enterprises $ 299 $ (498) $ (1,085) $ (892)
Basic and diluted income (loss) per LP unit:        
Continuing operations $ 1.36 $ (2.37) $ (4.97) $ (4.39)
Discontinued operations   (0.12) 0 (0.12)
Basic and diluted income (loss) per LP unit $ 1.36 $ (2.49) $ (4.97) $ (4.51)
Basic and diluted weighted average LP units outstanding 215 196 214 194
Cash distributions declared per LP unit $ 2.00 $ 2.00 $ 4.00 $ 4.00
Icahn Enterprises Holdings        
Revenues:        
Net sales $ 1,325 $ 2,588 $ 3,186 $ 4,888
Other revenues from operations 136 172 297 334
Net gain (loss) from investment activities 1,235 (637) (893) (1,311)
Interest and dividend income 26 58 89 122
Other (loss) income, net (13) 15 (30) 18
Total Revenues 2,709 2,196 2,649 4,051
Expenses:        
Cost of goods sold 1,135 2,129 2,944 4,029
Other expenses from operations 107 137 242 268
Selling, general and administrative 291 339 599 675
Restructuring, net 5 4 7 11
Impairment 5 1 5 1
Interest expense 174 150 346 289
Total Expenses 1,717 2,760 4,143 5,273
Income (loss) before income tax (expense) benefit 992 (564) (1,494) (1,222)
Income tax (expense) benefit (128) (8) 52 (14)
Income (loss) from continuing operations 864 (572) (1,442) (1,236)
Loss from discontinued operations   (24) 0 (24)
Net income (loss) 864 (596) (1,442) (1,260)
Less: net income (loss) attributable to non-controlling interests 565 (99) (357) (369)
Net income (loss) attributable to Icahn Enterprises 299 (497) (1,085) (891)
Net (loss) income attributable to Icahn Enterprises allocated to:        
Continuing operations 299 (473) (1,085) (867)
Discontinued operations   (24)   (24)
Limited partners 296 (492) (1,074) (882)
General partner 3 (5) (11) (9)
Net income (loss) attributable to Icahn Enterprises $ 299 $ (497) $ (1,085) $ (891)