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Net Income Per LP Unit | 6 Months Ended
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Jun. 30, 2015
Net Income Per LP Unit [Abstract] |
Net Income Per LP Unit | Net Income Per LP Unit. The following table sets forth the allocation of net income attributable to Icahn Enterprises allocable to limited partners and the computation of basic and diluted income per LP unit of Icahn Enterprises for the periods indicated:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2015 |  | 2014 |  | 2015 |  | 2014
| (in millions, except per unit data)
Net income attributable to Icahn Enterprises | $ | 212 |  |  | $ | 489 |  |  | $ | 373 |  |  | $ | 460 |
Net income attributable to Icahn Enterprises allocable to limited partners (98.01% allocation) | $ | 208 |  |  | $ | 479 |  |  | $ | 366 |  |  | $ | 451 |
Basic and diluted income per LP unit | $ | 1.68 |  |  | $ | 4.06 |  |  | $ | 2.95 |  |  | $ | 3.85 |
Basic and diluted weighted average LP units outstanding | 124 |  |  | 118 |  |  | 124 |  |  | 117 |
Unit Distributions On February 20, 2015, Icahn Enterprises declared a quarterly distribution in the amount of $1.50 per depositary unit in which each depositary unit holder had the option to make an election to receive either cash or additional depositary units. As a result, on April 22, 2015, Icahn Enterprises distributed an aggregate 1,713,935 depositary units to unit holders electing to receive depositary units in connection with this distribution. On May 5, 2015, Icahn Enterprises declared a quarterly distribution in the amount of $1.50 per depositary unit in which each depositary unit holder had the option to make an election to receive either cash or additional depositary units. As a result, on June 30, 2015, Icahn Enterprises distributed an aggregate 1,825,930 depositary units to unit holders electing to receive depositary units in connection with this distribution. Mr. Icahn and his affiliates elected to receive a majority of their proportionate share of these distributions in depositary units. As of August 5, 2015, Mr. Icahn and his affiliates owned 88.7% of Icahn Enterprises outstanding depositary units.

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