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Debt | 3 Months Ended
--- | ---
Mar. 31, 2016
Debt Disclosure [Abstract] |
Debt | Debt. Debt consists of the following:
| March 31, 2016 |  | December 31, 2015
| (in millions)
5.875% senior unsecured notes due 2022 - Icahn Enterprises/Icahn Enterprises Holdings | $ | 1,338 |  |  | $ | 1,338 |
6.00% senior unsecured notes due 2020 - Icahn Enterprises/Icahn Enterprises Holdings | 1,706 |  |  | 1,706 |
4.875% senior unsecured notes due 2019 - Icahn Enterprises/Icahn Enterprises Holdings | 1,270 |  |  | 1,270 |
3.50% senior unsecured notes due 2017 - Icahn Enterprises/Icahn Enterprises Holdings | 1,173 |  |  | 1,172 |
Debt facilities - Automotive | 3,262 |  |  | 3,121 |
Debt facilities - Energy | 620 |  |  | 619 |
Debt and credit facilities - Railcar | 2,461 |  |  | 2,671 |
Credit facilities - Gaming | 288 |  |  | 289 |
Credit facilities - Food Packaging | 267 |  |  | 267 |
Other | 145 |  |  | 141 |
| $ | 12,530 |  |  | $ | 12,594 |
Except for those described below, there were no other significant changes to our consolidated debt during the three months ended March 31, 2016 as compared to that reported in our Annual Report on Form 10-K for the year ended December 31, 2015. Additionally, where applicable, we or our subsidiaries were in compliance with all covenants for their respective debt instruments as of March 31, 2016 and December 31, 2015. Senior Unsecured Notes - Icahn Enterprises and Icahn Enterprises Holdings Senior Unsecured Notes Covenants As of March 31, 2016 and December 31, 2015, we were in compliance with all covenants, including maintaining certain minimum financial ratios, as defined in the indentures. Additionally, as of March 31, 2016, based on covenants in the indentures governing our senior unsecured notes, we are not permitted to incur additional indebtedness. Debt Facilities - Automotive Federal-Mogul During the first quarter of 2016, Federal-Mogul increased its borrowing capacity under its revolving credit facility by $50 million to $600 million. As of March 31, 2016 and December 31, 2015, the outstanding balance on Federal-Mogul's revolving credit facility was $390 million and $340 million, respectively. As of March 31, 2016 and December 31, 2015, the borrowing availability under Federal-Mogul's revolving credit facility was $170 million and $170 million, respectively. Federal-Mogul had $40 million and $40 million of letters of credit outstanding as of March 31, 2016 and December 31, 2015, respectively, pertaining to Federal-Mogul's term loan credit facility. To the extent letters of credit associated with the Federal-Mogul's revolving credit facility are issued, there will be a corresponding decrease in borrowings available under this facility. IEH Auto and Pep Boys On November 25, 2015, IEH Auto entered into a senior secured asset based revolving credit facility (the "IEH Auto Credit Facility") with Bank of America as agent, sole lead arranger, and sole bookrunner for $125 million. On January 25, 2016, the IEH Auto Credit Facility was amended and restated to include Citizens Bank as the documentation agent and to increase the revolver commitments to $210 million. As of March 31, 2016 and December 31, 2015, the IEH Auto Credit Facility had an outstanding balance of $100 million and $75 million, respectively, and $3 million and $3 million, respectively, in letters of credit. As of March 31, 2016, the availability on the IEH Auto Credit Facility was $42 million. Pep Boys has a revolving credit agreement with Bank of America, N.A., as Administrative Agent, and other parties thereto providing for borrowings of up to $300 million and having a maturity of July 2016. The interest rate on this facility is LIBOR plus a margin of 2.00% to 2.50% for LIBOR rate borrowings or Prime plus 1.00% to 1.50% for Prime rate borrowings. The margin is based upon the then current availability under the facility. As of March 31, 2016, Pep Boys had $60 million outstanding under the facility and $41 million of availability was utilized to support outstanding letters of credit. Taking into account the borrowing base requirements (including reduction for amounts outstanding under the trade payable program), as of March 31, 2016, there was $81 million of availability remaining under the facility. Debt and Credit Facilities - Energy Amended and Restated Asset Backed (ABL) Credit Facility As of March 31, 2016, CVR Refining and its subsidiaries had availability under its existing amended and restated asset backed credit facility (the "CVR Refining Credit Facility") of $245 million and had letters of credit outstanding of $28 million. There were no borrowings outstanding under the CVR Refining Credit Facility as of March 31, 2016. Availability under the CVR Refining Credit Facility was limited by borrowing base conditions as of March 31, 2016. CVR Partners Credit Facility CVR Partners' credit facility includes a term loan in the amount of $125 million and a revolving credit facility. No amounts were outstanding under the revolving credit facility at March 31, 2016. On April 1, 2016, CVR Partners repaid all amounts outstanding with respect to its term loan under the credit facility and the credit facility was terminated. Debt and Credit Facilities - Railcar ARI 2015 Revolving Credit Facility In December 2015, ARI completed a financing of its railcar lease fleet with availability of up to $200 million under a credit agreement. The initial amount drawn from the revolving credit facility ("ARI Revolving Loan") obtained at closing amounted to $100 million, net of fees and expenses. In February 2016, ARI repaid amounts outstanding under the ARI Revolving Loan in full and as of March 31, 2016, ARI had borrowing availability of $200 million under the ARI Revolving Loan. As of March 31, 2016 and December 31, 2015, the net book value of the railcars that were pledged as part of ARI's credit facilities was $558 million and $564 million, respectively.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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