Schedule I (Tables)

12 Months Ended

Dec. 31, 2020

Icahn Enterprises (Parent)

Condensed Financial Statements, Captions [Line Items]

Financial statement schedule, parent company statement of operations

ICAHN ENTERPRISES, L.P.

(Parent Company)

CONDENSED STATEMENTS OF OPERATIONS

	Year Ended December 31,
	2020		2019		2018
	(In millions)
Interest expense	$	(342)	$	(350)	$	(337)
Gain (loss) on extinguishment of debt		(4)		2		—
Equity in (loss) income of subsidiaries		(1,307)		(750)		1,819
Net (loss) income	$	(1,653)	$	(1,098)	$	1,482
Net (loss) income allocated to:
Limited partners	$	(1,620)	$	(1,076)	$	2,039
General partner		(33)		(22)		(557)
	$	(1,653)	$	(1,098)	$	1,482

Financial statement schedule, parent company debt note

	December 31,
	2020		2019
	(in millions)
5.875% senior unsecured notes due 2022	$	—	$	1,345
6.250% senior unsecured notes due 2022		1,209		1,211
6.750% senior unsecured notes due 2024		499		498
4.750% senior unsecured notes due 2024		1,106		498
6.375% senior unsecured notes due 2025		748		748
6.250% senior unsecured notes due 2026		1,250		1,250
5.250% senior unsecured notes due 2027		999		747
Total debt	$	5,811	$	6,297

Icahn Enterprises Holdings (Parent)

Condensed Financial Statements, Captions [Line Items]

Financial statement schedule, parent company balance sheet

SCHEDULE I

ICAHN ENTERPRISES HOLDINGS L.P.

(Parent Company)

CONDENSED BALANCE SHEETS

	December 31,
	2020		2019
	(in millions)
ASSETS
Cash and cash equivalents	$	868	$	1,042
Restricted cash		11		7
Investments		260		346
Investments in subsidiaries, net		8,148		10,474
Total Assets	$	9,287	$	11,869
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	$	94	$	116
Debt		5,813		6,300
		5,907		6,416
Commitments and contingencies (Note 3)
Equity:
Limited partner		4,276		6,328
General partner		(896)		(875)
Total equity		3,380		5,453
Total Liabilities and Equity	$	9,287	$	11,869

Financial statement schedule, parent company statement of operations

SCHEDULE I

ICAHN ENTERPRISES HOLDINGS L.P.

(Parent Company)

CONDENSED STATEMENTS OF OPERATIONS

	Year Ended December 31,
	2020		2019		2018
	(in millions)
Interest and dividend income	$	1	$	14	$	7
Net (loss) gain from investment activities		(66)		(377)		(389)
Gain on disposition of assets		7		2		23
Equity in (loss) income of subsidiaries		(1,237)		(363)		2,200
Other income, net		7		—		4
		(1,288)		(724)		1,845
Other expenses from operations		2		—		—
Interest expense		341		350		337
Selling, general and administrative		21		23		25
		364		373		362
Net (loss) income	$	(1,652)	$	(1,097)	$	1,483
Net (loss) income allocated to:
Limited partner	$	(1,635)	$	(1,086)	$	2,060
General partner		(17)		(11)		(577)
	$	(1,652)	$	(1,097)	$	1,483

Financial statement schedule, parent company statement of cash flows

SCHEDULE I

ICAHN ENTERPRISES HOLDINGS L.P.

(Parent Company)

CONDENSED STATEMENTS OF CASH FLOWS

	Year Ended December 31,
	2020		2019		2018
	(in millions)
Cash flows from operating activities:
Net (loss) income	$	(1,652)	$	(1,097)	$	1,483
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Equity in loss (income) of subsidiary		1,237		363		(2,200)
(Gain) loss on disposition of assets		(7)		(2)		(23)
Investment gains		63		377		389
Other, net		—		(1)		—
Change in operating assets and liabilities		(23)		45		8
Net cash used in operating activities		(382)		(315)		(343)
Cash flows from investing activities:
Net advances from subsidiaries		1,093		567		238
Net proceeds from the disposition of fixed assets		7		—		—
Other, net		23		—		41
Net cash provided by investing activities		1,123		567		279
Cash flows from financing activities:
Partnership distributions		(526)		(112)		(97)
Partner contributions		102		55		—
Proceeds from borrowings		866		2,507		—
Repayments of borrowings		(1,350)		(1,700)		(21)
Debt issuance costs		(3)		(12)		—
Net cash provided by (used in) financing activities		(911)		738		(118)
Net change in cash and cash equivalents and restricted cash and restricted cash equivalents		(170)		990		(182)
Cash and cash equivalents and restricted cash and restricted cash equivalents, beginning of period		1,049		59		241
Cash and cash equivalents and restricted cash and restricted cash equivalents, end of period	$	879	$	1,049	$	59

Financial statement schedule, parent company debt note

	December 31,
	2020		2019
	(in millions)
5.875% senior unsecured notes due 2022	$	—	$	1,345
6.250% senior unsecured notes due 2022		1,208		1,211
6.750% senior unsecured notes due 2024		500		499
4.750% senior unsecured notes due 2024		1,107		499
6.375% senior unsecured notes due 2025		749		749
6.250% senior unsecured notes due 2026		1,250		1,250
5.250% senior unsecured notes due 2027		999		747
Total debt	$	5,813	$	6,300