XML 95 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues:      
Net sales $ 18,072us-gaap_SalesRevenueGoodsNet $ 17,785us-gaap_SalesRevenueGoodsNet $ 14,574us-gaap_SalesRevenueGoodsNet
Other revenues from operations 1,250us-gaap_OtherSalesRevenueNet 988us-gaap_OtherSalesRevenueNet 951us-gaap_OtherSalesRevenueNet
Net (loss) gain from investment activities (564)us-gaap_GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments 1,694us-gaap_GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments 343us-gaap_GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
Interest and dividend income 217us-gaap_InterestAndDividendIncomeOperating 194us-gaap_InterestAndDividendIncomeOperating 103us-gaap_InterestAndDividendIncomeOperating
Other income (loss), net 182us-gaap_OtherNonoperatingIncomeExpense 21us-gaap_OtherNonoperatingIncomeExpense (175)us-gaap_OtherNonoperatingIncomeExpense
Total Revenues 19,157us-gaap_Revenues 20,682us-gaap_Revenues 15,796us-gaap_Revenues
Expenses:      
Cost of goods sold 16,485us-gaap_CostOfGoodsSold 15,809us-gaap_CostOfGoodsSold 12,606us-gaap_CostOfGoodsSold
Other expenses from operations 613us-gaap_OtherCostAndExpenseOperating 504us-gaap_OtherCostAndExpenseOperating 502us-gaap_OtherCostAndExpenseOperating
Selling, general and administrative 1,625us-gaap_SellingGeneralAndAdministrativeExpense 1,417us-gaap_SellingGeneralAndAdministrativeExpense 1,275us-gaap_SellingGeneralAndAdministrativeExpense
Restructuring 84us-gaap_RestructuringCharges 50us-gaap_RestructuringCharges 31us-gaap_RestructuringCharges
Impairment 135us-gaap_AssetImpairmentCharges 16us-gaap_AssetImpairmentCharges 129us-gaap_AssetImpairmentCharges
Interest expense 847us-gaap_InterestExpense 560us-gaap_InterestExpense 572us-gaap_InterestExpense
Total Expenses 19,789iep_TotalExpenses 18,356iep_TotalExpenses 15,115iep_TotalExpenses
(Loss) income before income tax benefit (632)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 2,326us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 681us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax benefit 103us-gaap_IncomeTaxExpenseBenefit 118us-gaap_IncomeTaxExpenseBenefit 81us-gaap_IncomeTaxExpenseBenefit
Net (loss) income (529)us-gaap_ProfitLoss 2,444us-gaap_ProfitLoss 762us-gaap_ProfitLoss
Less: net loss (income) attributable to non-controlling interests 156us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (1,419)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (366)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net (loss) income attributable to Icahn Enterprises (373)us-gaap_NetIncomeLoss 1,025us-gaap_NetIncomeLoss 396us-gaap_NetIncomeLoss
Net (loss) income attributable to Icahn Enterprises allocable to:      
Limited partners (366)us-gaap_NetIncomeLossAllocatedToLimitedPartners 1,005us-gaap_NetIncomeLossAllocatedToLimitedPartners 379us-gaap_NetIncomeLossAllocatedToLimitedPartners
General partner (7)us-gaap_NetIncomeLossAllocatedToGeneralPartners 20us-gaap_NetIncomeLossAllocatedToGeneralPartners 17us-gaap_NetIncomeLossAllocatedToGeneralPartners
Net (loss) income attributable to Icahn Enterprises (373)us-gaap_NetIncomeLoss 1,025us-gaap_NetIncomeLoss 396us-gaap_NetIncomeLoss
Basic (loss) income per LP unit $ (3.08)us-gaap_NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax $ 9.14us-gaap_NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax $ 3.72us-gaap_NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
Basic weighted average LP units outstanding 119us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 110us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 102us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (loss) income per LP unit $ (3.08)us-gaap_NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted $ 9.07us-gaap_NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted $ 3.72us-gaap_NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
Diluted weighted average LP units outstanding 119us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 111us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 102us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Cash distributions declared per LP unit $ 6.00us-gaap_DistributionsPerLimitedPartnershipUnitOutstanding $ 4.50us-gaap_DistributionsPerLimitedPartnershipUnitOutstanding $ 0.40us-gaap_DistributionsPerLimitedPartnershipUnitOutstanding
Icahn Enterprises Holdings [Member]      
Revenues:      
Net sales 18,072us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
17,785us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
14,574us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
Other revenues from operations 1,250us-gaap_OtherSalesRevenueNet
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
988us-gaap_OtherSalesRevenueNet
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
951us-gaap_OtherSalesRevenueNet
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
Net (loss) gain from investment activities (564)us-gaap_GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
1,694us-gaap_GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
343us-gaap_GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
Interest and dividend income 217us-gaap_InterestAndDividendIncomeOperating
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
194us-gaap_InterestAndDividendIncomeOperating
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
103us-gaap_InterestAndDividendIncomeOperating
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
Other income (loss), net 182us-gaap_OtherNonoperatingIncomeExpense
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
21us-gaap_OtherNonoperatingIncomeExpense
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
(175)us-gaap_OtherNonoperatingIncomeExpense
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
Total Revenues 19,157us-gaap_Revenues
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
20,682us-gaap_Revenues
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
15,796us-gaap_Revenues
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
Expenses:      
Cost of goods sold 16,485us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
15,809us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
12,606us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
Other expenses from operations 613us-gaap_OtherCostAndExpenseOperating
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
504us-gaap_OtherCostAndExpenseOperating
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
502us-gaap_OtherCostAndExpenseOperating
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
Selling, general and administrative 1,625us-gaap_SellingGeneralAndAdministrativeExpense
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
1,417us-gaap_SellingGeneralAndAdministrativeExpense
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
1,275us-gaap_SellingGeneralAndAdministrativeExpense
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
Restructuring 84us-gaap_RestructuringCharges
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
50us-gaap_RestructuringCharges
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
31us-gaap_RestructuringCharges
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
Impairment 135us-gaap_AssetImpairmentCharges
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
16us-gaap_AssetImpairmentCharges
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
129us-gaap_AssetImpairmentCharges
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
Interest expense 846us-gaap_InterestExpense
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
560us-gaap_InterestExpense
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
571us-gaap_InterestExpense
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
Total Expenses 19,788iep_TotalExpenses
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
18,356iep_TotalExpenses
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
15,114iep_TotalExpenses
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
(Loss) income before income tax benefit (631)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
2,326us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
682us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
Income tax benefit 103us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
118us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
81us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
Net (loss) income (528)us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
2,444us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
763us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
Less: net loss (income) attributable to non-controlling interests 156us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
(1,419)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
(366)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
Net (loss) income attributable to Icahn Enterprises (372)us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
1,025us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
397us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
Net (loss) income attributable to Icahn Enterprises allocable to:      
Limited partners (368)us-gaap_NetIncomeLossAllocatedToLimitedPartners
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
1,015us-gaap_NetIncomeLossAllocatedToLimitedPartners
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
384us-gaap_NetIncomeLossAllocatedToLimitedPartners
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
General partner (4)us-gaap_NetIncomeLossAllocatedToGeneralPartners
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
10us-gaap_NetIncomeLossAllocatedToGeneralPartners
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
13us-gaap_NetIncomeLossAllocatedToGeneralPartners
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
Net (loss) income attributable to Icahn Enterprises $ (372)us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
$ 1,025us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember
$ 397us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= iep_IcahnEnterprisesHoldingsMember