Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2021

Disaggregation of Revenue [Line Items]

Condensed statements of operations by reporting segment

	Three Months Ended March 31, 2021
	Investment		Energy		Automotive		Food Packaging		Metals		Real Estate		Home Fashion		Pharma		Holding Company		Consolidated
	(in millions)
Revenues:
Net sales	$	—	$	1,463	$	456	$	101	$	120	$	8	$	41	$	29	$	—	$	2,218
Other revenues from operations		—		—		142		—		—		9		—		1		—		152
Net gain from investment activities		939		62		—		—		—		—		—		—		5		1,006
Interest and dividend income		25		—		—		—		—		—		—		—		1		26
Other (loss) income, net		(21)		7		(1)		(6)		1		—		—		—		2		(18)
		943		1,532		597		95		121		17		41		30		8		3,384
Expenses:
Cost of goods sold		—		1,579		313		80		112		7		34		14		—		2,139
Other expenses from operations		—		—		112		—		—		6		—		—		—		118
Selling, general and administrative		5		35		227		13		4		5		11		8		8		316
Restructuring, net		—		—		—		—		—		—		—		—		—		—
Interest expense		76		31		3		2		—		—		—		—		83		195
		81		1,645		655		95		116		18		45		22		91		2,768
Income (loss) before income tax benefit (expense)		862		(113)		(58)		—		5		(1)		(4)		8		(83)		616
Income tax benefit (expense)		—		46		12		(1)		—		—		—		—		(74)		(17)
Net income (loss)		862		(67)		(46)		(1)		5		(1)		(4)		8		(157)		599
Less: net income (loss) attributable to non-controlling interests		471		(34)		—		—		—		—		—		—		—		437
Net income (loss) attributable to Icahn Enterprises	$	391	$	(33)	$	(46)	$	(1)	$	5	$	(1)	$	(4)	$	8	$	(157)	$	162
Supplemental information:
Capital expenditures	$	—	$	34	$	8	$	2	$	1	$	1	$	1	$	—	$	—	$	47
Depreciation and amortization	$	—	$	82	$	22	$	7	$	4	$	3	$	2	$	7	$	—	$	127

	Three Months Ended March 31, 2020
	Investment		Energy		Automotive		Food Packaging		Metals		Real Estate		Home Fashion		Pharma		Holding Company		Consolidated
	(in millions)
Revenues:
Net sales	$	—	$	1,130	$	492	$	98	$	86	$	4	$	50	$	—	$	—	$	1,860
Other revenues from operations		—		—		143		—		—		18		—		—		—		161
Net (loss) gain from investment activities		(1,816)		30		—		—		—		—		—		—		(342)		(2,128)
Interest and dividend income		52		3		—		—		—		—		—		—		9		64
Other (loss) income, net		(1)		(6)		1		(7)		—		—		—		—		(4)		(17)
		(1,765)		1,157		636		91		86		22		50		—		(337)		(60)
Expenses:
Cost of goods sold		—		1,250		352		78		85		4		41		—		—		1,810
Other expenses from operations		—		—		123		—		—		12		—		—		—		135
Selling, general and administrative		(6)		31		246		12		4		5		11		—		5		308
Restructuring, net		—		—		2		—		—		—		—		—		—		2
Interest expense		43		29		5		4		—		—		—		—		90		171
		37		1,310		728		94		89		21		52		—		95		2,426
(Loss) income before income tax benefit (expense)		(1,802)		(153)		(92)		(3)		(3)		1		(2)		—		(432)		(2,486)
Income tax benefit (expense)		—		40		19		(1)		—		—		—		—		122		180
Net (loss) income		(1,802)		(113)		(73)		(4)		(3)		1		(2)		—		(310)		(2,306)
Less: net (loss) income attributable to non-controlling interests		(876)		(45)		—		(1)		—		—		—		—		—		(922)
Net (loss) income attributable to Icahn Enterprises	$	(926)	$	(68)	$	(73)	$	(3)	$	(3)	$	1	$	(2)	$	—	$	(310)	$	(1,384)
Supplemental information:
Capital expenditures	$	—	$	35	$	9	$	2	$	1	$	4	$	2	$	—	$	—	$	53
Depreciation and amortization	$	—	$	80	$	24	$	6	$	5	$	4	$	2	$	—	$	—	$	121

Condensed balance sheets by reporting segment

	March 31, 2021
	Investment		Energy		Automotive		Food Packaging		Metals		Real Estate		Home Fashion		Pharma		Holding Company		Consolidated
	(in millions)
ASSETS
Cash and cash equivalents	$	15	$	707	$	42	$	13	$	—	$	27	$	2	$	2	$	1,134	$	1,942
Cash held at consolidated affiliated partnerships and restricted cash		1,078		7		18		—		2		10		3		—		16		1,134
Investments		10,926		315		28		—		—		15		—		—		196		11,480
Accounts receivable, net		—		226		119		86		73		11		28		29		—		572
Inventories, net		—		378		962		89		33		—		86		11		—		1,559
Property, plant and equipment, net		—		2,774		845		152		81		308		64		—		7		4,231
Goodwill and intangible assets, net		—		233		370		29		9		—		21		275		—		937
Other assets		5,188		277		679		102		35		123		20		5		13		6,442
Total assets	$	17,207	$	4,917	$	3,063	$	471	$	233	$	494	$	224	$	322	$	1,366	$	28,297
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	$	2,100	$	1,450	$	1,153	$	163	$	72	$	50	$	64	$	52	$	692	$	5,796
Securities sold, not yet purchased, at fair value		4,863		—		—		—		—		—		—		—		—		4,863
Debt		—		1,691		352		156		28		1		23		—		5,805		8,056
Total liabilities		6,963		3,141		1,505		319		100		51		87		52		6,497		18,715
Equity attributable to Icahn Enterprises		4,675		1,006		1,558		139		133		443		137		270		(5,131)		3,230
Equity attributable to non-controlling interests		5,569		770		—		13		—		—		—		—		—		6,352
Total equity		10,244		1,776		1,558		152		133		443		137		270		(5,131)		9,582
Total liabilities and equity	$	17,207	$	4,917	$	3,063	$	471	$	233	$	494	$	224	$	322	$	1,366	$	28,297

	December 31, 2020
	Investment		Energy		Automotive		Food Packaging		Metals		Real Estate		Home Fashion		Pharma		Holding Company		Consolidated
	(in millions)
ASSETS
Cash and cash equivalents	$	14	$	667	$	25	$	16	$	1	$	21	$	2	$	8	$	925	$	1,679
Cash held at consolidated affiliated partnerships and restricted cash		1,558		7		20		—		2		8		6		—		11		1,612
Investments		8,239		253		40		—		—		15		—		—		366		8,913
Accounts receivable, net		—		178		109		88		63		10		33		20		—		501
Inventories, net		—		298		1,080		89		22		—		81		10		—		1,580
Property, plant and equipment, net		—		2,747		857		160		82		310		65		—		7		4,228
Goodwill and intangible assets, net		—		238		372		31		9		1		21		282		—		954
Other assets		4,308		335		582		103		38		121		19		6		6		5,518
Total assets	$	14,119	$	4,723	$	3,085	$	487	$	217	$	486	$	227	$	326	$	1,315	$	24,985
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	$	2,256	$	1,189	$	1,163	$	182	$	73	$	45	$	65	$	64	$	110	$	5,147
Securities sold, not yet purchased, at fair value		2,521		—		—		—		—		—		—		—		—		2,521
Debt		—		1,691		368		151		16		1		21		—		5,811		8,059
Total liabilities		4,777		2,880		1,531		333		89		46		86		64		5,921		15,727
Equity attributable to Icahn Enterprises		4,283		1,039		1,554		142		128		440		141		262		(4,606)		3,383
Equity attributable to non-controlling interests		5,059		804		—		12		—		—		—		—		—		5,875
Total equity		9,342		1,843		1,554		154		128		440		141		262		(4,606)		9,258
Total liabilities and equity	$	14,119	$	4,723	$	3,085	$	487	$	217	$	486	$	227	$	326	$	1,315	$	24,985

Energy Segment

Disaggregation of Revenue [Line Items]

Disaggregation of revenue

	Three Months Ended March 31,
	2021		2020
Petroleum products	$	1,402	$	1,055
Nitrogen fertilizer products		61		75
	$	1,463	$	1,130

Automotive Segment

Disaggregation of Revenue [Line Items]

Disaggregation of revenue

	Three Months Ended March 31,
	2021		2020
Automotive services	$	322	$	309
Aftermarket parts sales		276		326
	$	598	$	635