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Schedule I - Condensed Financial Information of Parent
 12 Months Ended
Dec. 31, 2011
Schedule I - Condensed Financial Information of Parent [Abstract]  
Condensed Financial Information of Parent Company Only Disclosure [Text Block]
SCHEDULE I
ICAHN ENTERPRISES HOLDINGS L.P.
(Parent Company)  
CONDENSED BALANCE SHEETS

 
December 31,
 
2011
 
2010
 
(In Millions)
ASSETS
 
 
 
Cash and cash equivalents
$
24

 
$
204

Other assets
158

 
142

Investments in subsidiaries, net
6,805

 
6,072

Total Assets
$
6,987

 
$
6,418

LIABILITIES AND EQUITY
 
 
 
Accrued expenses and other liabilities
99

 
100

Debt
3,112

 
3,115

 
3,211

 
3,215

Commitments and contingencies (Note 3)
 
 
 
Equity:
 
 
 
Limited partner
4,087

 
3,521

General partner
(311
)
 
(318
)
Total equity
3,776

 
3,203

Total Liabilities and Equity
$
6,987

 
$
6,418



SCHEDULE I 
ICAHN ENTERPRISES HOLDINGS L.P.
(Parent Company)
CONDENSED STATEMENTS OF OPERATIONS

 
Year Ended December 31,
 
2011
 
2010
 
2009
 
(In Millions)
Net gain from investment activities
$
7

 
$
2

 
$
3

Interest and dividend income
3

 
4

 
32

Loss on extinguishment of debt
—

 
(39
)
 
—

Equity in earnings of subsidiaries
976

 
445

 
371

Other income, net
14

 
11

 
8

 
1,000

 
423

 
414

Interest expense
227

 
195

 
131

Selling, general and administrative
22

 
26

 
24

 
249

 
221

 
155

Income from continuing operations
751

 
202

 
259

Income from discontinued operations
—

 
—

 
1

Net income
$
751

 
$
202

 
$
260

Net income allocable to:
 
 
 
 
 
Limited partner
$
748

 
$
200

 
$
239

General partner
3

 
2

 
21

 
$
751

 
$
202

 
$
260



SCHEDULE I
ICAHN ENTERPRISES HOLDINGS L.P.
(Parent Company)
CONDENSED STATEMENTS OF CASH FLOWS
 
Year Ended December 31,
 
2011
 
2010
 
2009
 
(In Millions)
Cash flows from operating activities:
 
 
 
 
 
Net income
$
751

 
$
202

 
$
260

Adjustments to reconcile net income to net cash used in operating activities:
 
 
 
 
 
Equity in income of subsidiary
(976
)
 
(445
)
 
(371
)
Investment gains
(7
)
 
(2
)
 
(3
)
Depreciation and amortization
2

 
5

 
5

Loss on extinguishment of debt
—

 
39

 
—

Other, net
—

 
26

 
9

Change in operating assets and liabilities
(10
)
 
29

 
11

Net cash used in operating activities
(240
)
 
(146
)
 
(89
)
Cash flows from investing activities:
 
 
 
 
 
Net investment in subsidiaries
109

 
(855
)
 
(207
)
Capital expenditures
—

 
—

 
(1
)
Purchase of marketable equity and debt securities
—

 
—

 
—

Proceeds from marketable equity and debt securities
—

 
65

 
172

Other, net
2

 
2

 
1

Net cash provided by (used in) investing activities
111

 
(788
)
 
(35
)
Cash flows from financing activities:
 
 
 
 
 
Partnership distributions
(48
)
 
(85
)
 
(77
)
Partner contribution
—

 
3

 
—

Proceeds from borrowings
—

 
2,487

 
—

Repayments of borrowings
(3
)
 
(1,349
)
 
(8
)
Net cash provided by (used in) financing activities
(51
)
 
1,056

 
(85
)
Net change in cash and cash equivalents
(180
)
 
122

 
(209
)
Cash and cash equivalents, beginning of period
204

 
82

 
291

Cash and cash equivalents, end of period
$
24

 
$
204

 
$
82


ICAHN ENTERPRISES HOLDINGS L.P. (Parent Company)
NOTES TO CONDENSED FINANCIAL STATEMENTS

1.  Description of Business and Basis of Presentation
Icahn Enterprises Holdings L.P. (“Icahn Enterprises Holdings”) is a limited partnership formed in Delaware on February 17, 1987. Our sole limited partner is Icahn Enterprises L.P. (“Icahn Enterprises”), a master limited partnership which owns a 99% interest in us. Icahn Enterprises G.P. Inc. (“Icahn Enterprises GP''), our sole 1% general partner, is a Delaware corporation which is owned and controlled by Carl C. Icahn. As of December 31, 2011, Icahn Enterprises Holdings is engaged in the following continuing operating businesses: Investment, Automotive, Gaming, Railcar, Food Packaging, Metals, Real Estate and Home Fashion.
The condensed financial statements of Icahn Enterprises Holdings should be read in conjunction with the consolidated financial statements and notes thereto included elsewhere in this registration statement on Form S-4.
2.  Debt
See Note 10, “Debt,” to the consolidated financial statements located elsewhere in this registration statement on Form S-4. Parent company debt is reported gross in the condensed financial statements whereas it appears in our consolidated financial statements for fiscal 2011 net of $44 million as of December 31, 2011 and 2010, of principal amount purchased in fiscal 2008 that is held by an Icahn Enterprises Holdings subsidiary.
Debt consists of the following (in millions):
 
December 31,
 
2011
 
2010
 
(in millions)
Senior unsecured variable rate convertible notes due 2013
$
556

 
$
556

Senior unsecured 8% notes due 2018
1,444

 
1,444

Senior unsecured 7.75% notes due 2016
1,046

 
1,045

Mortgages payable
66

 
70

Total debt
$
3,112

 
$
3,115




3.  Commitments and Contingencies
See Note 17, “Commitments and Contingencies,” to the consolidated financial statements located elsewhere in this registration statement on Form S-4.