Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2014

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, 2014 and 2013 are presented below:



	Three Months Ended March 31, 2014
	Investment			Automotive			Energy			Metals			Railcar			Gaming			Food Packaging			Real Estate		Home Fashion			Holding Company			Consolidated
	(in millions)
Revenues:
Net sales	$	—		$	1,779		$	2,447		$	189		$	118		$	—		$	88		$	3	$	42		$	—		$	4,666
Other revenues from operations	—			—			—			—			93			149			—			19		—			—			261
Net loss from investment activities	(10		)	—			—			—			—			—			—			—		—			(21		)	(31		)
Interest and dividend income	55			1			—			—			1			1			—			—		—			1			59
Other income (loss), net	1			9			109			1			(5		)	37			(15		)	2		1			(105		)	35
	46			1,789			2,556			190			207			187			73			24		43			(125		)	4,990
Expenses:
Cost of goods sold	—			1,506			2,247			192			93			—			66			1		37			—			4,142
Other expenses from operations	—			—			—			—			43			74			—			12		—			—			129
Selling, general and administrative	22			193			32			6			12			67			11			3		7			7			360
Restructuring	—			8			—			—			—			—			—			—		—			—			8
Impairment	—			1			—			—			—			—			—			—		—			—			1
Interest expense	39			25			10			—			12			3			5			1		—			75			170
	61			1,733			2,289			198			160			144			82			17		44			82			4,810
(Loss) income before income tax (expense) benefit	(15		)	56			267			(8		)	47			43			(9		)	7		(1		)	(207		)	180
Income tax (expense) benefit	—			(16		)	(63		)	3			(11		)	(10		)	3			—		—			(9		)	(103		)
Net (loss) income	(15		)	40			204			(5		)	36			33			(6		)	7		(1		)	(216		)	77
Less: net loss (income) attributable to non-controlling interests	20			(9		)	(94		)	—			(15		)	(10		)	2			—		—			—			(106		)
Net income (loss) attributable to Icahn Enterprises	$	5		$	31		$	110		$	(5	)	$	21		$	23		$	(4	)	$	7	$	(1	)	$	(216	)	$	(29	)

Supplemental information:
Capital expenditures	$	—		$	96		$	62		$	4		$	102		$	12		$	5		$	—	$	1		$	—		$	282
Depreciation and amortization⁽¹⁾	$	—		$	80		$	53		$	6		$	26		$	9		$	5		$	6	$	2		$	—		$	187



	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	—			—			—			—			73			143			—			20		—			—			236
Net gain (loss) from investment activities	578			—			—			—			2			—			—			—		—			(2		)	578
Interest and dividend income	23			—			—			—			3			—			—			—		—			—			26
Other income (loss), net	2			(33		)	(14		)	—			—			—			—			—		—			—			(45		)
	603			1,680			2,338			264			188			143			88			21		46			(2		)	5,369
Expenses:
Cost of goods sold	—			1,465			1,967			267			86			—			67			—		41			—			3,893
Other expenses from operations	—			—			—			—			39			72			—			11		—			—			122
Selling, general and administrative	28			199			34			8			13			61			11			4		8			5			371
Restructuring	—			8			—			—			—			—			—			—		—			—			8
Impairment	—			—			—			—			—			—			—			—		—			—			—
Interest expense	—			31			15			—			14			4			5			1		—			75			145
	28			1,703			2,016			275			152			137			83			16		49			80			4,539
Income (loss) before income tax (expense) benefit	575			(23		)	322			(11		)	36			6			5			5		(3		)	(82		)	830
Income tax (expense) benefit	—			(11		)	(100		)	5			(12		)	(2		)	(2		)	—		—			2			(120		)
Net income (loss)	575			(34		)	222			(6		)	24			4			3			5		(3		)	(80		)	710
Less: net (income) loss attributable to non-controlling interests	(342		)	5			(71		)	—			(23		)	(1		)	(1		)	—		—			—			(433		)
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		$	102		$	12		$	5		$	—	$	—		$	—		$	279
Depreciation and amortization⁽¹⁾	$	—		$	71		$	50		$	6		$	22		$	8		$	5		$	6	$	2		$	—		$	170


⁽¹⁾	Excludes amounts related to the amortization of deferred financing costs and debt discounts and premiums included in interest expense in the amounts of $10 million for each of the three months ended March 31, 2014 and 2013.

Schedule of Condensed Financial Statements by Segment

Icahn Enterprises' condensed balance sheets by reporting segment as of March 31, 2014 and December 31, 2013 are presented below:



	March 31, 2014
	Investment		Automotive		Energy		Metals		Railcar			Gaming		Food Packaging		Real Estate		Home Fashion		Holding Company			Consolidated
	(in millions)
ASSETS
Cash and cash equivalents	$	4	$	652	$	962	$	15	$	215		$	394	$	41	$	49	$	15	$	995		$	3,342
Cash held at consolidated affiliated partnerships and restricted cash	655		—		—		4		26			31		1		3		6		3			729
Investments	14,413		265		4		—		30			31		—		—		—		103			14,846
Accounts receivable, net	—		1,402		259		80		74			10		66		3		33		—			1,927
Inventories, net	—		1,099		543		73		106			—		77		—		66		—			1,964
Property, plant and equipment, net	—		2,059		2,693		128		1,955			447		156		652		77		3			8,170
Goodwill and intangible assets, net	—		1,717		1,302		9		7			67		11		65		3		—			3,181
Other assets	94		427		173		22		55			59		90		18		24		65			1,027
Total assets	$	15,166	$	7,621	$	5,936	$	331	$	2,468		$	1,039	$	442	$	790	$	224	$	1,169		$	35,186
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	$	1,076	$	1,810	$	1,550	$	66	$	224		$	142	$	76	$	21	$	34	$	388		$	5,387
Securities sold, not yet purchased, at fair value	898		—		—		—		—			—		—		—		—		—			898
Due to brokers	3,853		—		—		—		—			—		—		—		—		—			3,853
Post-employment benefit liability	—		1,053		—		1		4			—		32		—		—		—			1,090
Debt	—		2,597		676		3		1,683			297		276		50		—		5,485			11,067
Total liabilities	5,827		5,460		2,226		70		1,911			439		384		71		34		5,873			22,295

Equity attributable to Icahn Enterprises	4,702		1,690		2,062		261		621			416		39		719		190		(4,704		)	5,996
Equity attributable to non-controlling interests	4,637		471		1,648		—		(64		)	184		19		—		—		—			6,895
Total equity	9,339		2,161		3,710		261		557			600		58		719		190		(4,704		)	12,891
Total liabilities and equity	$	15,166	$	7,621	$	5,936	$	331	$	2,468		$	1,039	$	442	$	790	$	224	$	1,169		$	35,186



	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

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,
	2014								2013								2014		2013
	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	$	39	$	(15	)	$	5		$	—	$	575		$	233		$	15,166	$	12,197
Automotive	25		40			31			31		(34		)	(29		)	7,621		7,545
Energy	10		204			110			15		222			151			5,936		5,748
Metals	—		(5		)	(5		)	—		(6		)	(6		)	331		334
Railcar	12		36			21			14		24			1			2,468		2,547
Gaming	3		33			23			4		4			3			1,039		996
Food Packaging	5		(6		)	(4		)	5		3			2			442		405
Real Estate	1		7			7			1		5			5			790		780
Home Fashion	—		(1		)	(1		)	—		(3		)	(3		)	224		222
Holding Company	75		(216		)	(216		)	75		(80		)	(80		)	1,191		987
Consolidated	$	170	$	77		$	(29	)	$	145	$	710		$	277		$	35,208	$	31,761

- 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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