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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Net sales $ 1,764 $ 2,484 $ 4,950 $ 7,371
Other revenues from operations 163 170 460 504
Net loss from investment activities (1,259) (657) (2,152) (1,968)
Interest and dividend income 46 69 135 192
Gain on disposition of assets, net 7 249 5 256
Other income (loss), net 1 5 (27) 16
Total Revenues 722 2,320 3,371 6,371
Expenses:        
Cost of goods sold 1,599 2,069 4,543 6,098
Other expenses from operations 127 141 369 409
Selling, general and administrative 289 352 888 1,027
Restructuring, net 1 4 8 15
Impairment 1 0 6 1
Interest expense 171 153 517 443
Total Expenses 2,188 2,719 6,331 7,993
Loss before income tax benefit (1,466) (399) (2,960) (1,622)
Income tax benefit 66 26 118 12
Loss from continuing operations (1,400) (373) (2,842) (1,610)
Loss from discontinued operations 0 0 0 (24)
Net loss (1,400) (373) (2,842) (1,634)
Less: net loss attributable to non-controlling interests (686) (324) (1,043) (693)
Net loss attributable to Icahn Enterprises (714) (49) (1,799) (941)
Net loss attributable to Icahn Enterprises from:        
Continuing operations (714) (49) (1,799) (917)
Discontinued operations 0 0 0 (24)
Limited partners (700) (48) (1,763) (922)
General partner (14) (1) (36) (19)
Net loss attributable to Icahn Enterprises $ (714) $ (49) $ (1,799) $ (941)
Basic and diluted loss per LP unit:        
Continuing operations $ (3.14) $ (0.24) $ (8.12) $ (4.56)
Discontinued operations 0 0 0 (0.12)
Basic and diluted loss per LP unit $ (3.14) $ (0.24) $ (8.12) $ (4.68)
Basic and diluted weighted average LP units outstanding 223 202 217 197
Cash distributions declared per LP unit $ 2.00 $ 2.00 $ 6.00 $ 6.00
Icahn Enterprises Holdings        
Revenues:        
Net sales $ 1,764 $ 2,484 $ 4,950 $ 7,371
Other revenues from operations 163 170 460 504
Net loss from investment activities (1,259) (657) (2,152) (1,968)
Interest and dividend income 46 69 135 192
Gain on disposition of assets, net 7 249 5 256
Other income (loss), net 1 5 (27) 16
Total Revenues 722 2,320 3,371 6,371
Expenses:        
Cost of goods sold 1,599 2,069 4,543 6,098
Other expenses from operations 127 141 369 409
Selling, general and administrative 289 352 888 1,027
Restructuring, net 1 4 8 15
Impairment 1 0 6 1
Interest expense 171 153 517 442
Total Expenses 2,188 2,719 6,331 7,992
Loss before income tax benefit (1,466) (399) (2,960) (1,621)
Income tax benefit 66 26 118 12
Loss from continuing operations (1,400) (373) (2,842) (1,609)
Loss from discontinued operations 0 0 0 (24)
Net loss (1,400) (373) (2,842) (1,633)
Less: net loss attributable to non-controlling interests (686) (324) (1,043) (693)
Net loss attributable to Icahn Enterprises (714) (49) (1,799) (940)
Net loss attributable to Icahn Enterprises from:        
Continuing operations (714) (49) (1,799) (916)
Discontinued operations 0 0 0 (24)
Limited partners (707) (49) (1,781) (931)
General partner (7) 0 (18) (9)
Net loss attributable to Icahn Enterprises $ (714) $ (49) $ (1,799) $ (940)