XML 102 R23.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Segment Reporting | 12 Months Ended
--- | ---
Dec. 31, 2013
Segment Reporting [Abstract] |
Segment Reporting | Segment and Geographic Reporting. As of December 31, 2013, our nine operating segments, which also constitute our reporting segments, are: (1) Investment; (2) Automotive; (3) Energy; (4) Metals; (5) Railcar; (6) Gaming; (7) Food Packaging; (8) Real Estate and (9) Home Fashion. Our determination of what constitutes an operating segment is based on the various industries in which our businesses operate and how we manage those businesses in accordance with our investment strategy. We assess and measure segment operating results based on net income from continuing operations attributable to Icahn Enterprises and Icahn Enterprises Holdings, as disclosed below. Certain terms of financings for certain of our segments impose restrictions on the segments' ability to transfer funds to us, including restrictions on dividends, distributions, loans and other transactions. See Note 4, “Operating Units,” for a detailed description of each of our reporting segments. In addition to our nine reporting segments, we present the results of the Holding Company which includes the unconsolidated results of Icahn Enterprises and Icahn Enterprises Holdings, and investment activity and expenses associated with the activities of the Holding Company. Our Investment segment acquired a controlling interest in Tropicana on November 15, 2010 and, accordingly, we consolidated the results of Tropicana effective November 15, 2010. Effectively April 29, 2011, we directly owned the controlling interesting in Tropicana through a distribution-in-kind transaction from our Investment segment. Our management evaluates the aggregate performance of the Investment segment with all of its investments stated on a fair value basis, including its investment in Tropicana. Accordingly, although we are required to consolidate the results of Tropicana effective November 15, 2010 and separately report their results as part of our Gaming segment, the column representing our Investment segment's results include the investment in Tropicana on a fair value basis for the periods November 15, 2010 through April 29, 2011. For such period, we eliminate the fair value effects of Tropicana in the column labeled “Eliminations.” Icahn Enterprises' condensed statements of operations by reporting segment for the years ended December 31, 2013, 2012 and 2011 are presented below:
| Year Ended December 31, 2013
| Investment |  | Automotive |  | Energy |  | Metals |  | Railcar |  | Gaming |  | Food Packaging |  | Real Estate |  | Home Fashion |  | Holding Company |  | Consolidated
| (in millions)
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | — |  |  | $ | 6,905 |  |  | $ | 8,986 |  |  | $ | 929 |  |  | $ | 408 |  |  | $ | — |  |  | $ | 371 |  |  | $ | 2 |  |  | $ | 184 |  |  | $ | — |  |  | $ | 17,785 |
Other revenues from operations | — |  |  | — |  |  | — |  |  | — |  |  | 331 |  |  | 575 |  |  | — |  |  | 82 |  |  | — |  |  | — |  |  | 988 |
Net gain (loss) from investment activities | 1,850 |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (158 | ) |  | 1,694 |
Interest and dividend income | 178 |  |  | 3 |  |  | 1 |  |  | — |  |  | 9 |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | 194 |
Other income (loss), net | 3 |  |  | (32 | ) |  | 76 |  |  | — |  |  | (6 | ) |  | (5 | ) |  | (25 | ) |  | 1 |  |  | 3 |  |  | 6 |  |  | 21 |
| 2,031 |  |  | 6,876 |  |  | 9,063 |  |  | 929 |  |  | 744 |  |  | 571 |  |  | 346 |  |  | 85 |  |  | 187 |  |  | (150 | ) |  | 20,682 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of goods sold | — |  |  | 5,885 |  |  | 8,204 |  |  | 948 |  |  | 326 |  |  | — |  |  | 285 |  |  | — |  |  | 161 |  |  | — |  |  | 15,809 |
Other expenses from operations | — |  |  | — |  |  | — |  |  | — |  |  | 160 |  |  | 294 |  |  | — |  |  | 50 |  |  | — |  |  | — |  |  | 504 |
Selling, general and administrative | 119 |  |  | 749 |  |  | 137 |  |  | 27 |  |  | 39 |  |  | 238 |  |  | 47 |  |  | 12 |  |  | 31 |  |  | 18 |  |  | 1,417 |
Restructuring | — |  |  | 40 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10 |  |  | — |  |  | 50 |
Impairment | — |  |  | 8 |  |  | — |  |  | 2 |  |  | — |  |  | 3 |  |  | — |  |  | 2 |  |  | 1 |  |  | — |  |  | 16 |
Interest expense | 10 |  |  | 111 |  |  | 48 |  |  | — |  |  | 49 |  |  | 14 |  |  | 22 |  |  | 4 |  |  | — |  |  | 302 |  |  | 560 |
| 129 |  |  | 6,793 |  |  | 8,389 |  |  | 977 |  |  | 574 |  |  | 549 |  |  | 354 |  |  | 68 |  |  | 203 |  |  | 320 |  |  | 18,356 |
Income (loss) before income tax benefit (expense) | 1,902 |  |  | 83 |  |  | 674 |  |  | (48 | ) |  | 170 |  |  | 22 |  |  | (8 | ) |  | 17 |  |  | (16 | ) |  | (470 | ) |  | 2,326 |
Income tax benefit (expense) | — |  |  | 180 |  |  | (195 | ) |  | 20 |  |  | (31 | ) |  | (3 | ) |  | 51 |  |  | — |  |  | — |  |  | 96 |  |  | 118 |
Net income (loss) | 1,902 |  |  | 263 |  |  | 479 |  |  | (28 | ) |  | 139 |  |  | 19 |  |  | 43 |  |  | 17 |  |  | (16 | ) |  | (374 | ) |  | 2,444 |
Less: net (income) loss attributable to non-controlling interests | (1,090 | ) |  | (13 | ) |  | (190 | ) |  | — |  |  | (109 | ) |  | (6 | ) |  | (11 | ) |  | — |  |  | — |  |  | — |  |  | (1,419 | )
Net income (loss) attributable to Icahn Enterprises | $ | 812 |  |  | $ | 250 |  |  | $ | 289 |  |  | $ | (28 | ) |  | $ | 30 |  |  | $ | 13 |  |  | $ | 32 |  |  | $ | 17 |  |  | $ | (16 | ) |  | $ | (374 | ) |  | $ | 1,025 |
Supplemental information: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | $ | — |  |  | $ | 380 |  |  | $ | 256 |  |  | $ | 15 |  |  | $ | 424 |  |  | $ | 57 |  |  | $ | 20 |  |  | $ | 2 |  |  | $ | 7 |  |  | $ | — |  |  | $ | 1,161 |
Depreciation and amortization(1) | $ | — |  |  | $ | 296 |  |  | $ | 208 |  |  | $ | 26 |  |  | $ | 92 |  |  | $ | 34 |  |  | $ | 21 |  |  | $ | 23 |  |  | $ | 8 |  |  | $ | — |  |  | $ | 708 |
| Year Ended December 31, 2012
| Investment |  | Automotive |  | Energy(2) |  | Metals |  | Railcar |  | Gaming |  | Food Packaging |  | Real Estate |  | Home Fashion |  | Holding Company |  | Consolidated
| (in millions)
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | — |  |  | $ | 6,664 |  |  | $ | 5,703 |  |  | $ | 1,102 |  |  | $ | 530 |  |  | $ | — |  |  | $ | 343 |  |  | $ | 4 |  |  | $ | 228 |  |  | $ | — |  |  | $ | 14,574 |
Other revenues from operations | — |  |  | — |  |  | — |  |  | — |  |  | 256 |  |  | 613 |  |  | — |  |  | 82 |  |  | — |  |  | — |  |  | 951 |
Net gain from investment activities | 314 |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 27 |  |  | 343 |
Interest and dividend income | 85 |  |  | 5 |  |  | 1 |  |  | — |  |  | 11 |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 103 |
Other (loss) income, net | (1 | ) |  | 8 |  |  | (185 | ) |  | 1 |  |  | — |  |  | (3 | ) |  | (2 | ) |  | 2 |  |  | 3 |  |  | 2 |  |  | (175 | )
| 398 |  |  | 6,677 |  |  | 5,519 |  |  | 1,103 |  |  | 799 |  |  | 611 |  |  | 341 |  |  | 88 |  |  | 231 |  |  | 29 |  |  | 15,796 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of goods sold | — |  |  | 5,753 |  |  | 4,848 |  |  | 1,116 |  |  | 419 |  |  | — |  |  | 263 |  |  | 1 |  |  | 206 |  |  | — |  |  | 12,606 |
Other expenses from operations | — |  |  | — |  |  | — |  |  | — |  |  | 141 |  |  | 312 |  |  | — |  |  | 49 |  |  | — |  |  | — |  |  | 502 |
Selling, general and administrative | 24 |  |  | 710 |  |  | 112 |  |  | 28 |  |  | 37 |  |  | 250 |  |  | 45 |  |  | 14 |  |  | 37 |  |  | 18 |  |  | 1,275 |
Restructuring | — |  |  | 26 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 4 |  |  | — |  |  | 31 |
Impairment | — |  |  | 98 |  |  | — |  |  | 18 |  |  | — |  |  | 2 |  |  | — |  |  | — |  |  | 11 |  |  | — |  |  | 129 |
Interest expense | 2 |  |  | 141 |  |  | 39 |  |  | — |  |  | 68 |  |  | 13 |  |  | 21 |  |  | 5 |  |  | — |  |  | 283 |  |  | 572 |
| 26 |  |  | 6,728 |  |  | 4,999 |  |  | 1,162 |  |  | 665 |  |  | 577 |  |  | 330 |  |  | 69 |  |  | 258 |  |  | 301 |  |  | 15,115 |
Income (loss) before income tax benefit (expense) | 372 |  |  | (51 | ) |  | 520 |  |  | (59 | ) |  | 134 |  |  | 34 |  |  | 11 |  |  | 19 |  |  | (27 | ) |  | (272 | ) |  | 681 |
Income tax benefit (expense) | — |  |  | 29 |  |  | (182 | ) |  | 1 |  |  | (42 | ) |  | (4 | ) |  | (5 | ) |  | — |  |  | — |  |  | 284 |  |  | 81 |
Net income (loss) | 372 |  |  | (22 | ) |  | 338 |  |  | (58 | ) |  | 92 |  |  | 30 |  |  | 6 |  |  | 19 |  |  | (27 | ) |  | 12 |  |  | 762 |
Less: net income attributable to non-controlling interests | (215 | ) |  | (2 | ) |  | (75 | ) |  | — |  |  | (63 | ) |  | (9 | ) |  | (2 | ) |  | — |  |  | — |  |  | — |  |  | (366 | )
Net income (loss) attributable to Icahn Enterprises | $ | 157 |  |  | $ | (24 | ) |  | $ | 263 |  |  | $ | (58 | ) |  | $ | 29 |  |  | $ | 21 |  |  | $ | 4 |  |  | $ | 19 |  |  | $ | (27 | ) |  | $ | 12 |  |  | $ | 396 |
Supplemental information: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | $ | — |  |  | $ | 387 |  |  | $ | 138 |  |  | $ | 24 |  |  | $ | 302 |  |  | $ | 44 |  |  | $ | 39 |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | 936 |
Depreciation and amortization(1) | $ | — |  |  | $ | 289 |  |  | $ | 128 |  |  | $ | 26 |  |  | $ | 83 |  |  | $ | 32 |  |  | $ | 18 |  |  | $ | 23 |  |  | $ | 8 |  |  | $ | — |  |  | $ | 607 |
| Year Ended December 31, 2011
| Investment |  | Automotive |  | Metals |  | Railcar |  | Gaming |  | Food Packaging |  | Real Estate |  | Home Fashion |  | Holding Company |  | Eliminations |  | Consolidated
| (in millions)
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | — |  |  | $ | 6,910 |  |  | $ | 1,095 |  |  | $ | 453 |  |  | $ | — |  |  | $ | 339 |  |  | $ | 8 |  |  | $ | 322 |  |  | $ | — |  |  | $ | — |  |  | $ | 9,127 |
Other revenues from operations | — |  |  | — |  |  | — |  |  | 228 |  |  | 624 |  |  | — |  |  | 81 |  |  | — |  |  | — |  |  | — |  |  | 933 |
Net gain from investment activities | 1,887 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 27 |  |  | (9 | ) |  | 1,905 |
Interest and dividend income | 110 |  |  | 6 |  |  | — |  |  | 12 |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | (5 | ) |  | 126 |
Other (loss) income, net | (101 | ) |  | 21 |  |  | 1 |  |  | (2 | ) |  | (1 | ) |  | (1 | ) |  | 1 |  |  | 3 |  |  | 7 |  |  | — |  |  | (72 | )
| 1,896 |  |  | 6,937 |  |  | 1,096 |  |  | 691 |  |  | 624 |  |  | 338 |  |  | 90 |  |  | 325 |  |  | 36 |  |  | (14 | ) |  | 12,019 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of goods sold | — |  |  | 5,822 |  |  | 1,068 |  |  | 410 |  |  | — |  |  | 263 |  |  | 3 |  |  | 305 |  |  | — |  |  | — |  |  | 7,871 |
Other expenses from operations | — |  |  | — |  |  | — |  |  | 129 |  |  | 329 |  |  | — |  |  | 47 |  |  | — |  |  | — |  |  | — |  |  | 505 |
Selling, general and administrative | 37 |  |  | 736 |  |  | 25 |  |  | 34 |  |  | 254 |  |  | 43 |  |  | 16 |  |  | 61 |  |  | 31 |  |  | — |  |  | 1,237 |
Restructuring | — |  |  | 5 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6 |  |  | — |  |  | — |  |  | 11 |
Impairment | — |  |  | 48 |  |  | — |  |  | — |  |  | 5 |  |  | — |  |  | — |  |  | 18 |  |  | — |  |  | — |  |  | 71 |
Interest expense | 15 |  |  | 141 |  |  | — |  |  | 74 |  |  | 9 |  |  | 21 |  |  | 6 |  |  | 1 |  |  | 223 |  |  | — |  |  | 490 |
| 52 |  |  | 6,752 |  |  | 1,093 |  |  | 647 |  |  | 597 |  |  | 327 |  |  | 72 |  |  | 391 |  |  | 254 |  |  | — |  |  | 10,185 |
Income (loss) before income tax (expense) benefit | 1,844 |  |  | 185 |  |  | 3 |  |  | 44 |  |  | 27 |  |  | 11 |  |  | 18 |  |  | (66 | ) |  | (218 | ) |  | (14 | ) |  | 1,834 |
Income tax (expense) benefit | — |  |  | (17 | ) |  | 3 |  |  | (4 | ) |  | (3 | ) |  | (5 | ) |  | — |  |  | — |  |  | (8 | ) |  | — |  |  | (34 | )
Net income (loss) | 1,844 |  |  | 168 |  |  | 6 |  |  | 40 |  |  | 24 |  |  | 6 |  |  | 18 |  |  | (66 | ) |  | (226 | ) |  | (14 | ) |  | 1,800 |
Less: net (income) loss attributable to non-controlling interests | (971 | ) |  | (47 | ) |  | — |  |  | (38 | ) |  | (11 | ) |  | (2 | ) |  | — |  |  | 10 |  |  | — |  |  | 9 |  |  | (1,050 | )
Net income (loss) attributable to Icahn Enterprises | $ | 873 |  |  | $ | 121 |  |  | $ | 6 |  |  | $ | 2 |  |  | $ | 13 |  |  | $ | 4 |  |  | $ | 18 |  |  | $ | (56 | ) |  | $ | (226 | ) |  | $ | (5 | ) |  | $ | 750 |
Supplemental information: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | $ | — |  |  | $ | 348 |  |  | $ | 25 |  |  | $ | 49 |  |  | $ | 34 |  |  | $ | 37 |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 494 |
Depreciation and amortization(1) | $ | — |  |  | $ | 284 |  |  | $ | 23 |  |  | $ | 81 |  |  | $ | 32 |  |  | $ | 16 |  |  | $ | 23 |  |  | $ | 10 |  |  | $ | — |  |  | $ | — |  |  | $ | 469 |
(1) | Excludes amounts related to the amortization of debt discounts and premiums included in interest expense in the amounts of $34 million, $28 million and $39 million for the years ended December 31, 2013, 2012 and 2011, respectively.
(2) | We consolidated CVR effective May 4, 2012.
Icahn Enterprises' condensed balance sheets by reporting segment as of December 31, 2013 and 2012 are presented below:
| December 31, 2013
| Investment |  | Automotive |  | Energy |  | Metals |  | Railcar |  | Gaming |  | Food Packaging |  | Real Estate |  | Home Fashion |  | Holding Company |  | Consolidated
| (in millions)
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 3 |  |  | $ | 761 |  |  | $ | 842 |  |  | $ | 31 |  |  | $ | 417 |  |  | $ | 359 |  |  | $ | 19 |  |  | $ | 32 |  |  | $ | 16 |  |  | $ | 782 |  |  | $ | 3,262 |
Cash held at consolidated affiliated partnerships and restricted cash | 321 |  |  | — |  |  | — |  |  | 4 |  |  | 27 |  |  | 31 |  |  | 1 |  |  | 3 |  |  | 6 |  |  | 3 |  |  | 396 |
Investments | 11,826 |  |  | 253 |  |  | — |  |  | — |  |  | 31 |  |  | 34 |  |  | — |  |  | — |  |  | — |  |  | 117 |  |  | 12,261 |
Accounts receivable, net | — |  |  | 1,297 |  |  | 242 |  |  | 62 |  |  | 34 |  |  | 10 |  |  | 67 |  |  | 3 |  |  | 35 |  |  | — |  |  | 1,750 |
Inventories, net | — |  |  | 1,068 |  |  | 527 |  |  | 85 |  |  | 90 |  |  | — |  |  | 72 |  |  | — |  |  | 60 |  |  | — |  |  | 1,902 |
Property, plant and equipment, net | — |  |  | 2,038 |  |  | 2,684 |  |  | 129 |  |  | 1,889 |  |  | 444 |  |  | 156 |  |  | 656 |  |  | 78 |  |  | 3 |  |  | 8,077 |
Goodwill and intangible assets, net | — |  |  | 1,715 |  |  | 1,307 |  |  | 9 |  |  | 7 |  |  | 67 |  |  | 11 |  |  | 68 |  |  | 3 |  |  | — |  |  | 3,187 |
Other assets | 47 |  |  | 413 |  |  | 146 |  |  | 14 |  |  | 52 |  |  | 51 |  |  | 79 |  |  | 18 |  |  | 24 |  |  | 66 |  |  | 910 |
Total assets | $ | 12,197 |  |  | $ | 7,545 |  |  | $ | 5,748 |  |  | $ | 334 |  |  | $ | 2,547 |  |  | $ | 996 |  |  | $ | 405 |  |  | $ | 780 |  |  | $ | 222 |  |  | $ | 971 |  |  | $ | 31,745 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable, accrued expenses and other liabilities | $ | 757 |  |  | $ | 1,763 |  |  | $ | 1,550 |  |  | $ | 57 |  |  | $ | 204 |  |  | $ | 132 |  |  | $ | 80 |  |  | $ | 18 |  |  | $ | 31 |  |  | $ | 351 |  |  | $ | 4,943 |
Securities sold, not yet purchased, at fair value | 884 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 884 |
Due to brokers | 2,203 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,203 |
Post-employment benefit liability | — |  |  | 1,072 |  |  | — |  |  | 1 |  |  | 5 |  |  | — |  |  | 33 |  |  | — |  |  | — |  |  | — |  |  | 1,111 |
Debt | — |  |  | 2,586 |  |  | 676 |  |  | 3 |  |  | 1,448 |  |  | 298 |  |  | 217 |  |  | 51 |  |  | — |  |  | 4,016 |  |  | 9,295 |
Total liabilities | 3,844 |  |  | 5,421 |  |  | 2,226 |  |  | 61 |  |  | 1,657 |  |  | 430 |  |  | 330 |  |  | 69 |  |  | 31 |  |  | 4,367 |  |  | 18,436 |
Equity attributable to Icahn Enterprises | 3,696 |  |  | 1,660 |  |  | 1,926 |  |  | 273 |  |  | 591 |  |  | 392 |  |  | 55 |  |  | 711 |  |  | 191 |  |  | (3,403 | ) |  | 6,092 |
Equity attributable to non-controlling interests | 4,657 |  |  | 464 |  |  | 1,596 |  |  | — |  |  | 299 |  |  | 174 |  |  | 20 |  |  | — |  |  | — |  |  | 7 |  |  | 7,217 |
Total equity | 8,353 |  |  | 2,124 |  |  | 3,522 |  |  | 273 |  |  | 890 |  |  | 566 |  |  | 75 |  |  | 711 |  |  | 191 |  |  | (3,396 | ) |  | 13,309 |
Total liabilities and equity | $ | 12,197 |  |  | $ | 7,545 |  |  | $ | 5,748 |  |  | $ | 334 |  |  | $ | 2,547 |  |  | $ | 996 |  |  | $ | 405 |  |  | $ | 780 |  |  | $ | 222 |  |  | $ | 971 |  |  | $ | 31,745 |
| 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 |  |  | $ | 244 |  |  | $ | 243 |  |  | $ | 31 |  |  | $ | 87 |  |  | $ | 67 |  |  | $ | 1,045 |  |  | $ | 3,108 |
Cash held at consolidated affiliated partnerships and restricted cash | 913 |  |  | — |  |  | — |  |  | 4 |  |  | 20 |  |  | 15 |  |  | 1 |  |  | 2 |  |  | 6 |  |  | 2 |  |  | 963 |
Investments | 5,084 |  |  | 240 |  |  | — |  |  | — |  |  | 57 |  |  | 35 |  |  | — |  |  | — |  |  | 14 |  |  | 61 |  |  | 5,491 |
Accounts receivable, net | — |  |  | 1,375 |  |  | 211 |  |  | 102 |  |  | 50 |  |  | 13 |  |  | 62 |  |  | 5 |  |  | 36 |  |  | — |  |  | 1,854 |
Inventories, net | — |  |  | 1,074 |  |  | 528 |  |  | 122 |  |  | 110 |  |  | — |  |  | 61 |  |  | — |  |  | 60 |  |  | — |  |  | 1,955 |
Property, plant and equipment, net | — |  |  | 1,971 |  |  | 2,648 |  |  | 142 |  |  | 1,564 |  |  | 431 |  |  | 154 |  |  | 665 |  |  | 83 |  |  | 3 |  |  | 7,661 |
Goodwill and intangible assets, net | — |  |  | 1,782 |  |  | 1,327 |  |  | 11 |  |  | 7 |  |  | 68 |  |  | 12 |  |  | 78 |  |  | 3 |  |  | — |  |  | 3,288 |
Other assets | 582 |  |  | 373 |  |  | 133 |  |  | 22 |  |  | 186 |  |  | 47 |  |  | 34 |  |  | 15 |  |  | 22 |  |  | 198 |  |  | 1,612 |
Total assets | $ | 6,593 |  |  | $ | 7,282 |  |  | $ | 5,743 |  |  | $ | 417 |  |  | $ | 2,238 |  |  | $ | 852 |  |  | $ | 355 |  |  | $ | 852 |  |  | $ | 291 |  |  | $ | 1,309 |  |  | $ | 25,932 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable, accrued expenses and other liabilities | $ | 152 |  |  | $ | 1,859 |  |  | $ | 1,535 |  |  | $ | 73 |  |  | $ | 164 |  |  | $ | 134 |  |  | $ | 74 |  |  | $ | 18 |  |  | $ | 35 |  |  | $ | 178 |  |  | $ | 4,222 |
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 |  |  | 1,600 |  |  | 171 |  |  | 215 |  |  | 71 |  |  | — |  |  | 4,082 |  |  | 9,873 |
Total liabilities | 685 |  |  | 6,073 |  |  | 2,461 |  |  | 79 |  |  | 1,774 |  |  | 305 |  |  | 355 |  |  | 89 |  |  | 35 |  |  | 4,260 |  |  | 16,116 |
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 |  |  | — |  |  | 207 |  |  | 168 |  |  | 3 |  |  | — |  |  | — |  |  | — |  |  | 5,147 |
Total equity | 5,908 |  |  | 1,209 |  |  | 3,282 |  |  | 338 |  |  | 464 |  |  | 547 |  |  | — |  |  | 763 |  |  | 256 |  |  | (2,951 | ) |  | 9,816 |
Total liabilities and equity | $ | 6,593 |  |  | $ | 7,282 |  |  | $ | 5,743 |  |  | $ | 417 |  |  | $ | 2,238 |  |  | $ | 852 |  |  | $ | 355 |  |  | $ | 852 |  |  | $ | 291 |  |  | $ | 1,309 |  |  | $ | 25,932 |
The following table presents our segments' geographic net sales from external customers, other revenues from operations and property, plant and equipment, net for the periods indicated:
| Net Sales |  | Other Revenues From Operations |  | Property, Plant and Equipment, Net
| Year Ended December 31, |  | Year Ended December 31, |  | December 31,
| 2013 |  | 2012 |  | 2011 |  | 2013 |  | 2012 |  | 2011 |  | 2013 |  | 2012
| (in millions)
United States | $ | 13,171 |  |  | $ | 10,202 |  |  | $ | 4,459 |  |  | $ | 937 |  |  | $ | 914 |  |  | $ | 900 |  |  | $ | 6,207 |  |  | $ | 5,959 |
Germany | 1,339 |  |  | 1,175 |  |  | 1,302 |  |  | — |  |  | — |  |  | — |  |  | 425 |  |  | 403 |
Other | 3,275 |  |  | 3,197 |  |  | 3,366 |  |  | 51 |  |  | 37 |  |  | 33 |  |  | 1,445 |  |  | 1,299 |
| $ | 17,785 |  |  | $ | 14,574 |  |  | $ | 9,127 |  |  | $ | 988 |  |  | $ | 951 |  |  | $ | 933 |  |  | $ | 8,077 |  |  | $ | 7,661 |
(1) Geographic location is based on location of the customer and location of the asset. 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 non-cash portions of interest expense, and are only reflected in the results of operations for our Holding Company. See Note 11, "Debt," for additional information. Segment information for Icahn Enterprises Holdings is presented below for significant financial statement line items affected by these differences.
| Year Ended December 31, |  | December 31,
| 2013 |  | 2012 |  | 2011 |  | 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 |  | Interest Expense |  | Net Income (Loss) |  | Net Income (Loss) Attributable to Icahn Enterprises Holdings |  | Total Assets |  | Total Assets
| (in millions) |  | (in millions)
Investment | $ | 10 |  |  | $ | 1,902 |  |  | $ | 812 |  |  | $ | 2 |  |  | $ | 372 |  |  | $ | 157 |  |  | $ | 15 |  |  | $ | 1,844 |  |  | $ | 873 |  |  | $ | 12,197 |  |  | $ | 6,593 |
Automotive | 111 |  |  | 263 |  |  | 250 |  |  | 141 |  |  | (22 | ) |  | (24 | ) |  | 141 |  |  | 168 |  |  | 121 |  |  | 7,545 |  |  | 7,282 |
Energy | 48 |  |  | 479 |  |  | 289 |  |  | 39 |  |  | 338 |  |  | 263 |  |  | — |  |  | — |  |  | — |  |  | 5,748 |  |  | 5,743 |
Metals | — |  |  | (28 | ) |  | (28 | ) |  | — |  |  | (58 | ) |  | (58 | ) |  | — |  |  | 6 |  |  | 6 |  |  | 334 |  |  | 417 |
Railcar | 49 |  |  | 139 |  |  | 30 |  |  | 68 |  |  | 92 |  |  | 29 |  |  | 74 |  |  | 40 |  |  | 2 |  |  | 2,547 |  |  | 2,238 |
Gaming | 14 |  |  | 19 |  |  | 13 |  |  | 13 |  |  | 30 |  |  | 21 |  |  | 9 |  |  | 24 |  |  | 13 |  |  | 996 |  |  | 852 |
Food Packaging | 22 |  |  | 43 |  |  | 32 |  |  | 21 |  |  | 6 |  |  | 4 |  |  | 21 |  |  | 6 |  |  | 4 |  |  | 405 |  |  | 355 |
Real Estate | 4 |  |  | 17 |  |  | 17 |  |  | 5 |  |  | 19 |  |  | 19 |  |  | 6 |  |  | 18 |  |  | 18 |  |  | 780 |  |  | 852 |
Home Fashion | — |  |  | (16 | ) |  | (16 | ) |  | — |  |  | (27 | ) |  | (27 | ) |  | 1 |  |  | (66 | ) |  | (56 | ) |  | 222 |  |  | 291 |
Holding Company | 302 |  |  | (374 | ) |  | (374 | ) |  | 282 |  |  | 13 |  |  | 13 |  |  | 222 |  |  | (225 | ) |  | (225 | ) |  | 987 |  |  | 1,323 |
Eliminations | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (14 | ) |  | (5 | ) |  | — |  |  | — |
Consolidated | $ | 560 |  |  | $ | 2,444 |  |  | $ | 1,025 |  |  | $ | 571 |  |  | $ | 763 |  |  | $ | 397 |  |  | $ | 489 |  |  | $ | 1,801 |  |  | $ | 751 |  |  | $ | 31,761 |  |  | $ | 25,946 |
Amounts related to the amortization of debt discounts and premiums included in interest expense for the consolidated results of Icahn Enterprises Holdings were $34 million, $27 million and $38 million for the years ended December 31, 2013, 2012 and 2011, respectively.

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration