Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2013

Segment Reporting Information [Line Items]

Schedule of Condensed Income Statement by Segment

Icahn Enterprises' condensed statements of operations by reporting segment for the three months ended March 31, 2013 and 2012 are presented below:



	Three Months Ended March 31, 2013
	Investment			Automotive			Energy			Metals			Railcar			Gaming			Food Packaging			Real Estate		Home Fashion			Holding Company			Consolidated
	(in millions)
Revenues:
Net sales	$	—		$	1,713		$	2,352		$	264		$	110		$	—		$	88		$	1	$	46		$	—		$	4,574
Other revenues from operations	—			—			—			—			26			143			—			20		—			—			189
Net gain from investment activities	578			—			—			—			2			—			—			—		—			(2		)	578
Interest and dividend income	23			—			—			—			1			—			—			—		—			—			24
Other income (loss), net	2			(33		)	(14		)	—			(1		)	—			—			—		—			—			(46		)
	603			1,680			2,338			264			138			143			88			21		46			(2		)	5,319
Expenses:
Cost of goods sold	—			1,465			1,967			267			86			—			67			—		41			—			3,893
Other expenses from operations	—			—			—			—			17			72			—			11		—			—			100
Selling, general and administrative	28			199			34			8			11			61			11			4		8			5			369
Restructuring	—			8			—			—			—			—			—			—		—			—			8
Impairment	—			—			—			—			—			—			—			—		—			—			—
Interest expense	—			31			15			—			3			4			5			1		—			75			134
	28			1,703			2,016			275			117			137			83			16		49			80			4,504
Income (loss) before income tax benefit (expense)	575			(23		)	322			(11		)	21			6			5			5		(3		)	(82		)	815
Income tax (expense) benefit	—			(11		)	(100		)	5			(12		)	(2		)	(2		)	—		—			2			(120		)
Net Income (loss)	575			(34		)	222			(6		)	9			4			3			5		(3		)	(80		)	695
Less: net (income) loss attributable to non-controlling interests	(342		)	5			(71		)	—			(8		)	(1		)	(1		)	—		—			—			(418		)
Net income (loss) attributable to Icahn Enterprises	$	233		$	(29	)	$	151		$	(6	)	$	1		$	3		$	2		$	5	$	(3	)	$	(80	)	$	277

Supplemental information:
Capital expenditures	$	—		$	93		$	64		$	3		$	101		$	12		$	5		$	—	$	—		$	—		$	278
Depreciation and amortization⁽¹⁾	$	—		$	71		$	50		$	6		$	7		$	8		$	5		$	6	$	2		$	—		$	155



	Three Months Ended March 31, 2012
	Investment			Automotive			Metals			Railcar			Gaming			Food Packaging			Real Estate		Home Fashion			Holding Company			Consolidated
	(in millions)
Revenues:
Net sales	$	—		$	1,764		$	332		$	164		$	—		$	83		$	—	$	56		$	—		$	2,399
Other revenues from operations	—			—			—			17			155			—			20		—			—			192
Net gain from investment activities	50			—			—			—			—			—			—		—			8			58
Interest and dividend income	23			1			—			1			—			—			—		—			—			25
Other (loss) income, net	(2		)	9			—			—			(2		)	—			1		1			3			10
	71			1,774			332			182			153			83			21		57			11			2,684
Expenses:
Cost of goods sold	—			1,487			331			137			—			63			—		54			—			2,072
Other expenses from operations	—			—			—			14			80			—			12		—			—			106
Selling, general and administrative	3			201			7			6			62			13			3		10			4			309
Restructuring	—			6			—			—			—			—			—		1			—			7
Impairment	—			1			—			—			—			—			—		1			—			2
Interest expense	2			36			—			5			2			5			1		—			66			117
	5			1,731			338			162			144			81			16		66			70			2,613
Income (loss) before income tax (expense) benefit	66			43			(6		)	20			9			2			5		(9		)	(59		)	71
Income tax (expense) benefit	—			(10		)	4			(8		)	1			(1		)	—		—			44			30
Income (loss)	66			33			(2		)	12			10			1			5		(9		)	(15		)	101
Less: net income attributable to non-controlling interests	(35		)	(10		)	—			(5		)	(2		)	—			—		—			—			(52		)
Net income (loss) attributable to Icahn Enterprises	$	31		$	23		$	(2	)	$	7		$	8		$	1		$	5	$	(9	)	$	(15	)	$	49

Supplemental information:
Capital expenditures	$	—		$	130		$	2		$	41		$	12		$	12		$	—	$	—		$	—		$	197
Depreciation and amortization⁽¹⁾	$	—		$	69		$	6		$	5		$	9		$	4		$	5	$	2		$	—		$	100


⁽¹⁾	Excludes amounts related to the amortization of deferred financing costs and debt discounts and premiums included in interest expense in the amounts of $9 million and $8 million for the three months ended March 31, 2013 and 2012, respectively.

Schedule of Condensed Financial Statements by Segment

Icahn Enterprises' condensed balance sheets by reporting segment as of March 31, 2013 and December 31, 2012 are presented below:



	March 31, 2013
	Investment		Automotive		Energy		Metals		Railcar		Gaming		Food Packaging			Real Estate		Home Fashion		Holding Company			Consolidated
	(in millions)
ASSETS
Cash and cash equivalents	$	2	$	269	$	1,041	$	16	$	57	$	241	$	18		$	26	$	12	$	755		$	2,437
Cash held at consolidated affiliated partnerships and restricted cash	766		—		—		3		6		15		1			4		9		620			1,424
Investments	7,226		247		—		—		43		35		—			—		13		126			7,690
Accounts receivable, net	—		1,488		283		109		32		12		66			3		35		—			2,028
Inventories, net	—		1,124		525		106		86		—		66			—		61		—			1,968
Property, plant and equipment, net	—		1,946		2,637		139		520		430		153			662		81		3			6,571
Goodwill and intangible assets, net	—		1,772		1,322		11		7		68		11			75		3		—			3,269
Other assets	64		387		93		28		24		51		37			17		23		150			874
Total assets	$	8,058	$	7,233	$	5,901	$	412	$	775	$	852	$	352		$	787	$	237	$	1,654		$	26,261
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	$	544	$	1,901	$	1,547	$	72	$	144	$	131	$	71		$	21	$	30	$	206		$	4,667
Securities sold, not yet purchased, at fair value	620		—		—		—		—		—		—			—		—		—			620
Due to brokers	423		—		—		—		—		—		—			—		—		—			423
Post-employment benefit liability	—		1,361		—		3		9		—		65			—		—		—			1,438
Debt	—		2,818		677		3		150		170		215			70		—		4,081			8,184
Total liabilities	1,587		6,080		2,224		78		303		301		351			91		30		4,287			15,332

Equity attributable to Icahn Enterprises	2,607		816		2,359		334		303		382		(3		)	696		207		(2,633		)	5,068
Equity attributable to non-controlling interests	3,864		337		1,318		—		169		169		4			—		—		—			5,861
Total equity	6,471		1,153		3,677		334		472		551		1			696		207		(2,633		)	10,929
Total liabilities and equity	$	8,058	$	7,233	$	5,901	$	412	$	775	$	852	$	352		$	787	$	237	$	1,654		$	26,261



	December 31, 2012
	Investment		Automotive		Energy		Metals		Railcar		Gaming		Food Packaging			Real Estate		Home Fashion		Holding Company			Consolidated
	(in millions)
ASSETS
Cash and cash equivalents	$	14	$	467	$	896	$	14	$	207	$	243	$	31		$	87	$	67	$	1,045		$	3,071
Cash held at consolidated affiliated partnerships and restricted cash	1,386		—		—		4		3		15		1			2		6		2			1,419
Investments	5,084		240		—		—		57		35		—			—		14		61			5,491
Accounts receivable, net	—		1,375		211		102		37		13		62			5		36		—			1,841
Inventories, net	—		1,074		528		122		110		—		61			—		60		—			1,955
Property, plant and equipment, net	—		1,971		2,648		142		426		431		154			665		83		3			6,523
Goodwill and intangible assets, net	—		1,782		1,327		11		7		68		12			78		3		—			3,288
Other assets	109		373		133		22		15		47		34			15		22		198			968
Total assets	$	6,593	$	7,282	$	5,743	$	417	$	862	$	852	$	355		$	852	$	291	$	1,309		$	24,556
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	$	152	$	1,859	$	1,535	$	73	$	156	$	134	$	74		$	18	$	35	$	178		$	4,214
Securities sold, not yet purchased, at fair value	533		—		—		—		—		—		—			—		—		—			533
Due to brokers	—		—		—		—		—		—		—			—		—		—			—
Post-employment benefit liability	—		1,409		—		3		10		—		66			—		—		—			1,488
Debt	—		2,805		926		3		275		171		215			71		—		4,082			8,548
Total liabilities	685		6,073		2,461		79		441		305		355			89		35		4,260			14,783

Equity attributable to Icahn Enterprises	2,387		860		2,383		338		257		379		(3		)	763		256		(2,951		)	4,669
Equity attributable to non-controlling interests	3,521		349		899		—		164		168		3			—		—		—			5,104
Total equity	5,908		1,209		3,282		338		421		547		—			763		256		(2,951		)	9,773
Total liabilities and equity	$	6,593	$	7,282	$	5,743	$	417	$	862	$	852	$	355		$	852	$	291	$	1,309		$	24,556

Icahn Enterprises Holdings [Member]

Segment Reporting Information [Line Items]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Icahn Enterprises Holdings

Due to the structure of our business, the consolidated results of operations for Icahn Enterprises and Icahn Enterprises Holdings are substantially the same. Differences primarily relate to debt, deferred financing costs and amortization of debt discounts and premiums, which are only reflected in the results of operations for the Holding Company. See Note 10, "Debt," for additional information. Segment information for Icahn Enterprises Holdings is presented below for significant financial statement line items affected by these differences.



	Three Months Ended March 31,																March 31,		December 31,
	2013								2012								2013		2012
	Interest Expense		Net Income (Loss)			Net Income (Loss) Attributable to Icahn Enterprises Holdings			Interest Expense		Net Income (Loss)			Net Income (Loss) Attributable to Icahn Enterprises Holdings			Total Assets		Total Assets
	(in millions)																(in millions)
Investment	$	—	$	575		$	233		$	2	$	66		$	31		$	8,058	$	6,593
Automotive	31		(34		)	(29		)	36		33			23			7,233		7,282
Energy	15		222			151			—		—			—			5,901		5,743
Metals	—		(6		)	(6		)	—		(2		)	(2		)	412		417
Railcar	3		9			1			5		12			7			775		862
Gaming	4		4			3			2		10			8			852		852
Food Packaging	5		3			2			5		1			1			352		355
Real Estate	1		5			5			1		5			5			787		852
Home Fashion	—		(3		)	(3		)	—		(9		)	(9		)	237		291
Holding Company	75		(80		)	(80		)	66		(15		)	(15		)	1,668		1,323
Consolidated	$	134	$	695		$	277		$	117	$	101		$	49		$	26,275	$	24,570

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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