Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of difference between the book basis and the tax basis of our net asset

	Icahn Enterprises
	December 31,
	2021		2020
		(in millions)
Book basis of net assets	$	3,544	$	3,383
Book/tax basis difference		(1,362)		(775)
Tax basis of net assets	$	2,182	$	2,608

Schedule of income (loss) from continuing operations before income tax expense (benefit)

	Year Ended December 31,
	2021		2020		2019
	(in millions)
Domestic	$	(576)	$	(2,586)	$	(1,765)
International		(2)		2		26
	$	(578)	$	(2,584)	$	(1,739)

Schedule of Income tax benefit (expense) attributable to continuing operations

	Year Ended December 31,
	2021		2020		2019
	(in millions)
Current:
Domestic	$	(87)	$	69	$	(106)
International		(3)		(2)		(3)
Total current		(90)		67		(109)
Deferred:
Domestic		166		51		87
International		2		(2)		2
Total deferred		168		49		89
	$	78	$	116	$	(20)

Schedule of reconciliation of the income tax benefit (expense)

	Year Ended December 31,
	2021		2020		2019
	(in millions)
Income tax benefit at U.S. statutory rate	$	121	$	543	$	365
Tax effect from:
Valuation allowance		13		(243)		(63)
Non-controlling interest		10		(6)		(4)
Tax rate changes		13		—		—
Dividends received		(24)		—		—
Income not subject to taxation		(64)		(287)		(314)
State taxes		—		103		—
Other		9		6		(4)
Income tax benefit (expense)	$	78	$	116	$	(20)

Schedule of deferred tax assets (liabilities)

	December 31,
	2021		2020
	(in millions)
Deferred tax assets:
Property, plant and equipment	$	1	$	17
Net operating loss		955		996
Tax credits		54		60
Capital loss		342		358
Leases		118		141
Other		120		119
Total deferred tax assets		1,590		1,691
Less: Valuation allowance		(971)		(1,026)
Net deferred tax assets	$	619	$	665
Deferred tax liabilities:
Property, plant and equipment	$	(118)	$	(121)
Intangible assets		(80)		(84)
Investment in partnerships		(496)		(657)
Investment in U.S. subsidiaries		(184)		(184)
Leases		(113)		(135)
Other		(9)		(42)
Total deferred tax liabilities		(1,000)		(1,223)
	$	(381)	$	(558)

Schedule of unrecognized tax benefits

	Year Ended December 31,
	2021		2020		2019
	(in millions)
Balance at January 1	$	35	$	33	$	34
Addition based on tax positions related to the current year		—		1		2
Increase for tax positions of prior years		—		6		—
Decrease for tax positions of prior years		(1)		(2)		—
Decrease for statute of limitation expiration		(1)		(3)		(3)
Balance at December 31	$	33	$	35	$	33