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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Net sales $ 2,657 $ 1,764 $ 7,487 $ 4,951
Other revenues from operations 165 163 481 460
Net (loss) gain from investment activities (177) (1,259) 1,035 (2,152)
Interest and dividend income 34 46 94 135
Other (loss) income, net (33) 9 (79) (22)
Total Revenues 2,646 723 9,018 3,372
Expenses:        
Cost of goods sold 2,270 1,599 6,807 4,544
Other expenses from operations 130 127 374 369
Selling, general and administrative 317 290 937 888
Restructuring, net 1 1 6 8
Impairment 0 1 0 6
Interest expense 158 171 511 517
Total Expenses 2,876 2,189 8,635 6,332
(Loss) income before income tax (expense) benefit (230) (1,466) 383 (2,960)
Income tax (expense) benefit 19 66 (57) 118
Net (loss) income (211) (1,400) 326 (2,842)
Less: net (loss) income attributable to non-controlling interests (63) (686) 448 (1,043)
Net (loss) income attributable to Icahn Enterprises (148) (714) (122) (1,799)
Net loss attributable to Icahn Enterprises allocated to:        
Limited partner (145) (700) (120) (1,763)
General partner (3) (14) (2) (36)
Net (loss) income attributable to Icahn Enterprises $ (148) $ (714) $ (122) $ (1,799)
Basic and diluted (loss) income per LP unit:        
Basic loss per LP unit $ (0.55) $ (3.14) $ (0.47) $ (8.12)
Diluted loss per LP unit $ (0.55) $ (3.14) $ (0.48) $ (8.12)
Basic weighted average LP units outstanding 266 223 253 217
Diluted weighted average LP units outstanding 266 223 253 217
Cash distributions declared per LP unit $ 2.00 $ 2.00 $ 6.00 $ 6.00
Icahn Enterprises Holdings        
Revenues:        
Net sales $ 2,657 $ 1,764 $ 7,487 $ 4,951
Other revenues from operations 165 163 481 460
Net (loss) gain from investment activities (177) (1,259) 1,035 (2,152)
Interest and dividend income 34 46 94 135
Other (loss) income, net (33) 9 (78) (22)
Total Revenues 2,646 723 9,019 3,372
Expenses:        
Cost of goods sold 2,270 1,599 6,807 4,544
Other expenses from operations 130 127 374 369
Selling, general and administrative 317 290 937 888
Restructuring, net 1 1 6 8
Impairment   1   6
Interest expense 158 171 511 517
Total Expenses 2,876 2,189 8,635 6,332
(Loss) income before income tax (expense) benefit (230) (1,466) 384 (2,960)
Income tax (expense) benefit 19 66 (57) 118
Net (loss) income (211) (1,400) 327 (2,842)
Less: net (loss) income attributable to non-controlling interests (63) (686) 448 (1,043)
Net (loss) income attributable to Icahn Enterprises (148) (714) (121) (1,799)
Net loss attributable to Icahn Enterprises allocated to:        
Limited partner (147) (707) (120) (1,781)
General partner (1) (7) (1) (18)
Net (loss) income attributable to Icahn Enterprises $ (148) $ (714) $ (121) $ (1,799)