XML 35 R21.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Segment and Geographic Reporting | 12 Months Ended
--- | ---
Dec. 31, 2016
Segment Reporting [Abstract] |
Segment Reporting | Segment and Geographic Reporting. We are a diversified holding company owning subsidiaries currently engaged in the following continuing operating businesses: Investment, Automotive, Energy, Railcar, Gaming, Metals, Mining, Food Packaging, Real Estate and Home Fashion. We also report the results of our Holding Company, which includes the results of certain subsidiaries of Icahn Enterprises and Icahn Enterprises Holdings, and investment activity and expenses associated with the Holding Company. We report segment information based on the various industries in which our businesses operate and how we manage those businesses in accordance with our investment strategies, which may include: identifying and acquiring undervalued assets and businesses, often through the purchase of distressed securities; increasing value through management, financial or other operational changes; and managing complex legal, regulatory or financial issues, which may include bankruptcy or insolvency, environmental, zoning, permitting and licensing issues. Therefore, although many of our businesses are operated under separate local management, certain of our businesses are grouped together when they operate within a similar industry, comprising similarities in products, customers, production processes and regulatory environments, and when such businesses, when considered together, may be managed in accordance with one or more investment strategies specific to those businesses. Among other measures, we assess and measure segment operating results based on net income from continuing operations attributable to Icahn Enterprises and Icahn Enterprises Holdings, as presented below. Certain terms of financings for certain of our businesses impose restrictions on the business' ability to transfer funds to us, including restrictions on dividends, distributions, loans and other transactions. See Note 3, “Operating Units,” for a detailed description of each of our segments. Icahn Enterprises' condensed statements of operations by reporting segment for the years ended December 31, 2016, 2015 and 2014 are presented below:
| Year Ended December 31, 2016
| Investment |  | Automotive |  | Energy |  | Railcar |  | Gaming |  | Metals |  | Mining |  | Food Packaging |  | Real Estate |  | Home Fashion |  | Holding Company |  | Consolidated
| (in millions)
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | — |  |  | $ | 9,420 |  |  | $ | 4,782 |  |  | $ | 430 |  |  | $ | — |  |  | $ | 267 |  |  | $ | 71 |  |  | $ | 329 |  |  | $ | 17 |  |  | $ | 195 |  |  | $ | — |  |  | $ | 15,511 |
Other revenues from operations | — |  |  | 422 |  |  | — |  |  | 522 |  |  | 944 |  |  | — |  |  | — |  |  | — |  |  | 70 |  |  | — |  |  | — |  |  | 1,958 |
Net (loss) income from investment activities | (1,388 | ) |  | — |  |  | 5 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10 |  |  | (1,373 | )
Interest and dividend income | 112 |  |  | 4 |  |  | 1 |  |  | 2 |  |  | 1 |  |  | — |  |  | 2 |  |  | — |  |  | — |  |  | — |  |  | 9 |  |  | 131 |
Other (loss) income, net | 53 |  |  | 82 |  |  | (24 | ) |  | 8 |  |  | 3 |  |  | 2 |  |  | (10 | ) |  | 3 |  |  | 1 |  |  | 1 |  |  | 2 |  |  | 121 |
| (1,223 | ) |  | 9,928 |  |  | 4,764 |  |  | 962 |  |  | 948 |  |  | 269 |  |  | 63 |  |  | 332 |  |  | 88 |  |  | 196 |  |  | 21 |  |  | 16,348 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of goods sold | — |  |  | 7,658 |  |  | 4,618 |  |  | 366 |  |  | — |  |  | 284 |  |  | 56 |  |  | 249 |  |  | 13 |  |  | 168 |  |  | — |  |  | 13,412 |
Other expenses from operations | — |  |  | 430 |  |  | — |  |  | 223 |  |  | 460 |  |  | — |  |  | — |  |  | — |  |  | 46 |  |  | — |  |  | — |  |  | 1,159 |
Selling, general and administrative | 34 |  |  | 1,521 |  |  | 138 |  |  | 48 |  |  | 440 |  |  | 18 |  |  | 22 |  |  | 52 |  |  | 10 |  |  | 38 |  |  | 21 |  |  | 2,342 |
Restructuring | — |  |  | 27 |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | 3 |  |  | — |  |  | — |  |  | — |  |  | 32 |
Impairment | — |  |  | 18 |  |  | 574 |  |  | — |  |  | 106 |  |  | 1 |  |  | — |  |  | — |  |  | 5 |  |  | 2 |  |  | 3 |  |  | 709 |
Interest expense | 230 |  |  | 157 |  |  | 83 |  |  | 85 |  |  | 13 |  |  | — |  |  | 7 |  |  | 12 |  |  | 2 |  |  | — |  |  | 289 |  |  | 878 |
| 264 |  |  | 9,811 |  |  | 5,413 |  |  | 722 |  |  | 1,019 |  |  | 305 |  |  | 85 |  |  | 316 |  |  | 76 |  |  | 208 |  |  | 313 |  |  | 18,532 |
(Loss) income before income tax (expense) benefit | (1,487 | ) |  | 117 |  |  | (649 | ) |  | 240 |  |  | (71 | ) |  | (36 | ) |  | (22 | ) |  | 16 |  |  | 12 |  |  | (12 | ) |  | (292 | ) |  | (2,184 | )
Income tax (expense) benefit | — |  |  | (40 | ) |  | 45 |  |  | (57 | ) |  | (24 | ) |  | 16 |  |  | (2 | ) |  | (8 | ) |  | — |  |  | — |  |  | 34 |  |  | (36 | )
Net (loss) income | (1,487 | ) |  | 77 |  |  | (604 | ) |  | 183 |  |  | (95 | ) |  | (20 | ) |  | (24 | ) |  | 8 |  |  | 12 |  |  | (12 | ) |  | (258 | ) |  | (2,220 | )
Less: net loss (income) attributable to non-controlling interests | 883 |  |  | (24 | ) |  | 277 |  |  | (33 | ) |  | (14 | ) |  | — |  |  | 5 |  |  | (2 | ) |  | — |  |  | — |  |  | — |  |  | 1,092 |
Net (loss) income attributable to Icahn Enterprises | $ | (604 | ) |  | $ | 53 |  |  | $ | (327 | ) |  | $ | 150 |  |  | $ | (109 | ) |  | $ | (20 | ) |  | $ | (19 | ) |  | $ | 6 |  |  | $ | 12 |  |  | $ | (12 | ) |  | $ | (258 | ) |  | $ | (1,128 | )
Supplemental information: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | $ | — |  |  | $ | 418 |  |  | $ | 133 |  |  | $ | 133 |  |  | $ | 85 |  |  | $ | 5 |  |  | $ | 22 |  |  | $ | 18 |  |  | $ | 1 |  |  | $ | 11 |  |  | $ | — |  |  | $ | 826 |
Depreciation and amortization(1) | $ | — |  |  | $ | 473 |  |  | $ | 258 |  |  | $ | 134 |  |  | $ | 71 |  |  | $ | 22 |  |  | $ | 3 |  |  | $ | 20 |  |  | $ | 22 |  |  | $ | 8 |  |  | $ | — |  |  | $ | 1,011 |
| Year Ended December 31, 2015
| Investment |  | Automotive |  | Energy |  | Railcar |  | Gaming |  | Metals |  | Mining |  | Food Packaging |  | Real Estate |  | Home Fashion |  | Holding Company |  | Consolidated
| (in millions)
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | — |  |  | $ | 7,789 |  |  | $ | 5,433 |  |  | $ | 440 |  |  | $ | — |  |  | $ | 361 |  |  | $ | 30 |  |  | $ | 344 |  |  | $ | 14 |  |  | $ | 193 |  |  | $ | — |  |  | $ | 14,604 |
Other revenues from operations | — |  |  | — |  |  | — |  |  | 499 |  |  | 811 |  |  | — |  |  | — |  |  | — |  |  | 76 |  |  | — |  |  | — |  |  | 1,386 |
Net gain (loss) from investment activities | (1,041 | ) |  | — |  |  | 36 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 18 |  |  | (987 | )
Interest and dividend income | 178 |  |  | 6 |  |  | 2 |  |  | 2 |  |  | 1 |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 4 |  |  | 194 |
Other (loss) income, net | (2 | ) |  | 58 |  |  | (29 | ) |  | 7 |  |  | (1 | ) |  | 4 |  |  | (3 | ) |  | (7 | ) |  | 41 |  |  | 1 |  |  | 6 |  |  | 75 |
| (865 | ) |  | 7,853 |  |  | 5,442 |  |  | 948 |  |  | 811 |  |  | 365 |  |  | 28 |  |  | 337 |  |  | 131 |  |  | 194 |  |  | 28 |  |  | 15,272 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of goods sold | — |  |  | 6,577 |  |  | 4,949 |  |  | 338 |  |  | — |  |  | 406 |  |  | 38 |  |  | 263 |  |  | 7 |  |  | 163 |  |  | — |  |  | 12,741 |
Other expenses from operations | — |  |  | — |  |  | — |  |  | 201 |  |  | 396 |  |  | — |  |  | — |  |  | — |  |  | 46 |  |  | — |  |  | — |  |  | 643 |
Selling, general and administrative | 237 |  |  | 1,001 |  |  | 127 |  |  | 45 |  |  | 338 |  |  | 20 |  |  | 12 |  |  | 50 |  |  | 13 |  |  | 34 |  |  | 31 |  |  | 1,908 |
Restructuring | — |  |  | 89 |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | 5 |  |  | — |  |  | 1 |  |  | — |  |  | 97 |
Impairment | — |  |  | 344 |  |  | 253 |  |  | — |  |  | — |  |  | 20 |  |  | 169 |  |  | — |  |  | 2 |  |  | — |  |  | — |  |  | 788 |
Interest expense | 563 |  |  | 144 |  |  | 47 |  |  | 82 |  |  | 12 |  |  | — |  |  | 3 |  |  | 12 |  |  | 2 |  |  | — |  |  | 289 |  |  | 1,154 |
| 800 |  |  | 8,155 |  |  | 5,376 |  |  | 666 |  |  | 746 |  |  | 448 |  |  | 222 |  |  | 330 |  |  | 70 |  |  | 198 |  |  | 320 |  |  | 17,331 |
(Loss) income before income tax (expense) benefit | (1,665 | ) |  | (302 | ) |  | 66 |  |  | 282 |  |  | 65 |  |  | (83 | ) |  | (194 | ) |  | 7 |  |  | 61 |  |  | (4 | ) |  | (292 | ) |  | (2,059 | )
Income tax (expense) benefit | — |  |  | (50 | ) |  | (59 | ) |  | (69 | ) |  | (27 | ) |  | 32 |  |  | (1 | ) |  | (10 | ) |  | — |  |  | — |  |  | 116 |  |  | (68 | )
Net (loss) income | (1,665 | ) |  | (352 | ) |  | 7 |  |  | 213 |  |  | 38 |  |  | (51 | ) |  | (195 | ) |  | (3 | ) |  | 61 |  |  | (4 | ) |  | (176 | ) |  | (2,127 | )
Less: net loss (income) attributable to non-controlling interests | 905 |  |  | 53 |  |  | 18 |  |  | (76 | ) |  | (12 | ) |  | — |  |  | 45 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 933 |
Net (loss) income attributable to Icahn Enterprises | $ | (760 | ) |  | $ | (299 | ) |  | $ | 25 |  |  | $ | 137 |  |  | $ | 26 |  |  | $ | (51 | ) |  | $ | (150 | ) |  | $ | (3 | ) |  | $ | 61 |  |  | $ | (4 | ) |  | $ | (176 | ) |  | $ | (1,194 | )
Supplemental information: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | $ | — |  |  | $ | 449 |  |  | $ | 219 |  |  | $ | 522 |  |  | $ | 94 |  |  | $ | 24 |  |  | $ | 20 |  |  | $ | 22 |  |  | $ | 3 |  |  | $ | 6 |  |  | $ | — |  |  | $ | 1,359 |
Depreciation and amortization(1) | $ | — |  |  | $ | 346 |  |  | $ | 229 |  |  | $ | 127 |  |  | $ | 63 |  |  | $ | 29 |  |  | $ | 8 |  |  | $ | 19 |  |  | $ | 21 |  |  | $ | 7 |  |  | $ | — |  |  | $ | 849 |
| Year Ended December 31, 2014
| Investment |  | Automotive |  | Energy |  | Railcar |  | Gaming |  | Metals |  | Food Packaging |  | Real Estate |  | Home Fashion |  | Holding Company |  | Consolidated
| (in millions)
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | — |  |  | $ | 7,317 |  |  | $ | 9,109 |  |  | $ | 379 |  |  | $ | — |  |  | $ | 711 |  |  | $ | 365 |  |  | $ | 15 |  |  | $ | 176 |  |  | $ | — |  |  | $ | 18,072 |
Other revenues from operations | — |  |  | — |  |  | — |  |  | 411 |  |  | 759 |  |  | — |  |  | — |  |  | 80 |  |  | — |  |  | — |  |  | 1,250 |
Net gain from investment activities | (421 | ) |  | — |  |  | (6 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (137 | ) |  | (564 | )
Interest and dividend income | 202 |  |  | 5 |  |  | 3 |  |  | 3 |  |  | 2 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | 217 |
Other (loss) income, net | 1 |  |  | 2 |  |  | 186 |  |  | 16 |  |  | 88 |  |  | — |  |  | (19 | ) |  | 6 |  |  | 5 |  |  | (103 | ) |  | 182 |
| (218 | ) |  | 7,324 |  |  | 9,292 |  |  | 809 |  |  | 849 |  |  | 711 |  |  | 346 |  |  | 101 |  |  | 181 |  |  | (238 | ) |  | 19,157 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of goods sold | — |  |  | 6,260 |  |  | 8,774 |  |  | 288 |  |  | — |  |  | 728 |  |  | 275 |  |  | 8 |  |  | 152 |  |  | — |  |  | 16,485 |
Other expenses from operations | — |  |  | — |  |  | — |  |  | 175 |  |  | 387 |  |  | — |  |  | — |  |  | 51 |  |  | — |  |  | — |  |  | 613 |
Selling, general and administrative | 167 |  |  | 825 |  |  | 136 |  |  | 42 |  |  | 327 |  |  | 23 |  |  | 45 |  |  | 12 |  |  | 29 |  |  | 19 |  |  | 1,625 |
Restructuring | — |  |  | 86 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (2 | ) |  | — |  |  | 84 |
Impairment | — |  |  | 24 |  |  | 103 |  |  | — |  |  | — |  |  | 3 |  |  | — |  |  | 5 |  |  | — |  |  | — |  |  | 135 |
Interest expense | 299 |  |  | 128 |  |  | 38 |  |  | 60 |  |  | 13 |  |  | — |  |  | 14 |  |  | 3 |  |  | — |  |  | 292 |  |  | 847 |
| 466 |  |  | 7,323 |  |  | 9,051 |  |  | 565 |  |  | 727 |  |  | 754 |  |  | 334 |  |  | 79 |  |  | 179 |  |  | 311 |  |  | 19,789 |
Income (loss) before income tax benefit (expense) | (684 | ) |  | 1 |  |  | 241 |  |  | 244 |  |  | 122 |  |  | (43 | ) |  | 12 |  |  | 22 |  |  | 2 |  |  | (549 | ) |  | (632 | )
Income tax benefit (expense) | — |  |  | (91 | ) |  | (73 | ) |  | (56 | ) |  | 147 |  |  | 18 |  |  | (3 | ) |  | — |  |  | — |  |  | 161 |  |  | 103 |
Net income (loss) | (684 | ) |  | (90 | ) |  | 168 |  |  | 188 |  |  | 269 |  |  | (25 | ) |  | 9 |  |  | 22 |  |  | 2 |  |  | (388 | ) |  | (529 | )
Less: net (income) loss attributable to non-controlling interests | 379 |  |  | 3 |  |  | (73 | ) |  | (66 | ) |  | (84 | ) |  | — |  |  | (3 | ) |  | — |  |  | — |  |  | — |  |  | 156 |
Net income (loss) attributable to Icahn Enterprises | $ | (305 | ) |  | $ | (87 | ) |  | $ | 95 |  |  | $ | 122 |  |  | $ | 185 |  |  | $ | (25 | ) |  | $ | 6 |  |  | $ | 22 |  |  | $ | 2 |  |  | $ | (388 | ) |  | $ | (373 | )
Supplemental information: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | $ | — |  |  | $ | 418 |  |  | $ | 218 |  |  | $ | 626 |  |  | $ | 81 |  |  | $ | 41 |  |  | $ | 23 |  |  | $ | 1 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 1,411 |
Depreciation and amortization(2) | $ | — |  |  | $ | 336 |  |  | $ | 219 |  |  | $ | 106 |  |  | $ | 50 |  |  | $ | 26 |  |  | $ | 22 |  |  | $ | 22 |  |  | $ | 7 |  |  | $ | — |  |  | $ | 788 |
(1) | Excludes amounts related to the amortization of deferred financing costs and debt discounts and premiums included in interest expense in the consolidated amounts of $23 million, $14 million and $22 million for the years ended December 31, 2016, 2015 and 2014, respectively.
Icahn Enterprises' condensed balance sheets by reporting segment as of December 31, 2016 and 2015 are presented below:
| December 31, 2016
| Investment |  | Automotive |  | Energy |  | Railcar |  | Gaming |  | Metals |  | Mining |  | Food Packaging |  | Real Estate |  | Home Fashion |  | Holding Company |  | Consolidated
| (in millions)
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 13 |  |  | $ | 353 |  |  | $ | 736 |  |  | $ | 179 |  |  | $ | 244 |  |  | $ | 4 |  |  | $ | 14 |  |  | $ | 39 |  |  | $ | 24 |  |  | $ | 2 |  |  | $ | 225 |  |  | $ | 1,833 |
Cash held at consolidated affiliated partnerships and restricted cash | 752 |  |  | 2 |  |  | — |  |  | 19 |  |  | 15 |  |  | 5 |  |  | — |  |  | 2 |  |  | 2 |  |  | 4 |  |  | 3 |  |  | 804 |
Investments | 9,213 |  |  | 270 |  |  | 6 |  |  | 35 |  |  | 33 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 324 |  |  | 9,881 |
Accounts receivable, net | — |  |  | 1,270 |  |  | 152 |  |  | 40 |  |  | 12 |  |  | 29 |  |  | 5 |  |  | 63 |  |  | 3 |  |  | 35 |  |  | — |  |  | 1,609 |
Inventories, net | — |  |  | 2,353 |  |  | 349 |  |  | 75 |  |  | — |  |  | 38 |  |  | 25 |  |  | 72 |  |  | — |  |  | 71 |  |  | — |  |  | 2,983 |
Property, plant and equipment, net | — |  |  | 3,302 |  |  | 3,358 |  |  | 1,567 |  |  | 814 |  |  | 100 |  |  | 152 |  |  | 152 |  |  | 602 |  |  | 75 |  |  | — |  |  | 10,122 |
Goodwill and intangible assets, net | — |  |  | 1,765 |  |  | 318 |  |  | 7 |  |  | 75 |  |  | 4 |  |  | — |  |  | 8 |  |  | 38 |  |  | 1 |  |  | — |  |  | 2,216 |
Other assets | 1,518 |  |  | 504 |  |  | 94 |  |  | 1,410 |  |  | 209 |  |  | 13 |  |  | 23 |  |  | 92 |  |  | 18 |  |  | 5 |  |  | 1 |  |  | 3,887 |
Total assets | $ | 11,496 |  |  | $ | 9,819 |  |  | $ | 5,013 |  |  | $ | 3,332 |  |  | $ | 1,402 |  |  | $ | 193 |  |  | $ | 219 |  |  | $ | 428 |  |  | $ | 687 |  |  | $ | 193 |  |  | $ | 553 |  |  | $ | 33,335 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable, accrued expenses and other liabilities | $ | 1,236 |  |  | $ | 2,834 |  |  | $ | 1,474 |  |  | $ | 2,100 |  |  | $ | 153 |  |  | $ | 34 |  |  | $ | 38 |  |  | $ | 69 |  |  | $ | 20 |  |  | $ | 29 |  |  | $ | 168 |  |  | $ | 8,155 |
Securities sold, not yet purchased, at fair value | 1,139 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,139 |
Due to brokers | 3,725 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,725 |
Post-employment benefit liability | — |  |  | 1,113 |  |  | — |  |  | 9 |  |  | — |  |  | 2 |  |  | — |  |  | 56 |  |  | — |  |  | — |  |  | — |  |  | 1,180 |
Debt | — |  |  | 3,259 |  |  | 1,165 |  |  | 571 |  |  | 287 |  |  | 2 |  |  | 55 |  |  | 265 |  |  | 25 |  |  | — |  |  | 5,490 |  |  | 11,119 |
Total liabilities | 6,100 |  |  | 7,206 |  |  | 2,639 |  |  | 2,680 |  |  | 440 |  |  | 38 |  |  | 93 |  |  | 390 |  |  | 45 |  |  | 29 |  |  | 5,658 |  |  | 25,318 |
Equity attributable to Icahn Enterprises | 1,669 |  |  | 2,292 |  |  | 1,034 |  |  | 444 |  |  | 730 |  |  | 155 |  |  | 104 |  |  | 25 |  |  | 642 |  |  | 164 |  |  | (5,105 | ) |  | 2,154 |
Equity attributable to non-controlling interests | 3,727 |  |  | 321 |  |  | 1,340 |  |  | 208 |  |  | 232 |  |  | — |  |  | 22 |  |  | 13 |  |  | — |  |  | — |  |  | — |  |  | 5,863 |
Total equity | 5,396 |  |  | 2,613 |  |  | 2,374 |  |  | 652 |  |  | 962 |  |  | 155 |  |  | 126 |  |  | 38 |  |  | 642 |  |  | 164 |  |  | (5,105 | ) |  | 8,017 |
Total liabilities and equity | $ | 11,496 |  |  | $ | 9,819 |  |  | $ | 5,013 |  |  | $ | 3,332 |  |  | $ | 1,402 |  |  | $ | 193 |  |  | $ | 219 |  |  | $ | 428 |  |  | $ | 687 |  |  | $ | 193 |  |  | $ | 553 |  |  | $ | 33,335 |
| December 31, 2015
| Investment |  | Automotive |  | Energy |  | Railcar |  | Gaming |  | Metals |  | Mining |  | Food Packaging |  | Real Estate |  | Home Fashion |  | Holding Company |  | Consolidated
| (in millions)
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 10 |  |  | $ | 201 |  |  | $ | 765 |  |  | $ | 623 |  |  | $ | 217 |  |  | $ | 12 |  |  | $ | 14 |  |  | $ | 37 |  |  | $ | 19 |  |  | $ | 14 |  |  | $ | 166 |  |  | $ | 2,078 |
Cash held at consolidated affiliated partnerships and restricted cash | 1,199 |  |  | — |  |  | — |  |  | 53 |  |  | 14 |  |  | 4 |  |  | — |  |  | 1 |  |  | 2 |  |  | 6 |  |  | 3 |  |  | 1,282 |
Investments | 14,553 |  |  | 296 |  |  | — |  |  | 27 |  |  | 26 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 449 |  |  | 15,351 |
Accounts receivable, net | — |  |  | 1,418 |  |  | 96 |  |  | 36 |  |  | 9 |  |  | 26 |  |  | 4 |  |  | 60 |  |  | 2 |  |  | 34 |  |  | — |  |  | 1,685 |
Inventories, net | — |  |  | 1,656 |  |  | 290 |  |  | 97 |  |  | — |  |  | 39 |  |  | 32 |  |  | 77 |  |  | — |  |  | 68 |  |  | — |  |  | 2,259 |
Property, plant and equipment, net | — |  |  | 2,386 |  |  | 2,698 |  |  | 2,767 |  |  | 740 |  |  | 116 |  |  | 134 |  |  | 152 |  |  | 467 |  |  | 72 |  |  | 3 |  |  | 9,535 |
Goodwill and intangible assets, net | — |  |  | 1,556 |  |  | 911 |  |  | 7 |  |  | 74 |  |  | 5 |  |  | — |  |  | 8 |  |  | 48 |  |  | 3 |  |  | — |  |  | 2,612 |
Other assets | 378 |  |  | 430 |  |  | 128 |  |  | 71 |  |  | 205 |  |  | 13 |  |  | 19 |  |  | 81 |  |  | 163 |  |  | 9 |  |  | 108 |  |  | 1,605 |
Total assets | $ | 16,140 |  |  | $ | 7,943 |  |  | $ | 4,888 |  |  | $ | 3,681 |  |  | $ | 1,285 |  |  | $ | 215 |  |  | $ | 203 |  |  | $ | 416 |  |  | $ | 701 |  |  | $ | 206 |  |  | $ | 729 |  |  | $ | 36,407 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable, accrued expenses and other liabilities | $ | 488 |  |  | $ | 2,061 |  |  | $ | 1,366 |  |  | $ | 299 |  |  | $ | 122 |  |  | $ | 30 |  |  | $ | 30 |  |  | $ | 62 |  |  | $ | 17 |  |  | $ | 30 |  |  | $ | (60 | ) |  | $ | 4,445 |
Securities sold, not yet purchased, at fair value | 794 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 794 |
Due to brokers | 7,317 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 7,317 |
Post-employment benefit liability | — |  |  | 1,163 |  |  | — |  |  | 8 |  |  | — |  |  | 2 |  |  | — |  |  | 51 |  |  | — |  |  | — |  |  | — |  |  | 1,224 |
Debt | — |  |  | 3,135 |  |  | 667 |  |  | 2,671 |  |  | 289 |  |  | 1 |  |  | 50 |  |  | 267 |  |  | 28 |  |  | — |  |  | 5,486 |  |  | 12,594 |
Total liabilities | 8,599 |  |  | 6,359 |  |  | 2,033 |  |  | 2,978 |  |  | 411 |  |  | 33 |  |  | 80 |  |  | 380 |  |  | 45 |  |  | 30 |  |  | 5,426 |  |  | 26,374 |
Equity attributable to Icahn Enterprises | 3,428 |  |  | 1,270 |  |  | 1,508 |  |  | 742 |  |  | 604 |  |  | 182 |  |  | 95 |  |  | 23 |  |  | 656 |  |  | 176 |  |  | (4,697 | ) |  | 3,987 |
Equity attributable to non-controlling interests | 4,113 |  |  | 314 |  |  | 1,347 |  |  | (39 | ) |  | 270 |  |  | — |  |  | 28 |  |  | 13 |  |  | — |  |  | — |  |  | — |  |  | 6,046 |
Total equity | 7,541 |  |  | 1,584 |  |  | 2,855 |  |  | 703 |  |  | 874 |  |  | 182 |  |  | 123 |  |  | 36 |  |  | 656 |  |  | 176 |  |  | (4,697 | ) |  | 10,033 |
Total liabilities and equity | $ | 16,140 |  |  | $ | 7,943 |  |  | $ | 4,888 |  |  | $ | 3,681 |  |  | $ | 1,285 |  |  | $ | 215 |  |  | $ | 203 |  |  | $ | 416 |  |  | $ | 701 |  |  | $ | 206 |  |  | $ | 729 |  |  | $ | 36,407 |
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,
| 2016 |  | 2015 |  | 2014 |  | 2016 |  | 2015 |  | 2014 |  | 2016 |  | 2015
| (in millions)
United States | $ | 10,489 |  |  | $ | 9,672 |  |  | $ | 13,086 |  |  | $ | 1,886 |  |  | $ | 1,304 |  |  | $ | 1,169 |  |  | $ | 8,063 |  |  | $ | 7,221 |
Germany | 1,455 |  |  | 1,480 |  |  | 1,507 |  |  | — |  |  | — |  |  | — |  |  | 458 |  |  | 464 |
Other | 3,567 |  |  | 3,452 |  |  | 3,479 |  |  | 72 |  |  | 82 |  |  | 81 |  |  | 1,601 |  |  | 1,850 |
| $ | 15,511 |  |  | $ | 14,604 |  |  | $ | 18,072 |  |  | $ | 1,958 |  |  | $ | 1,386 |  |  | $ | 1,250 |  |  | $ | 10,122 |  |  | $ | 9,535 |
Geographic locations for net sales and other revenues from operations are based on locations of the customers and geographic locations for property, plant, and equipment are based on the locations of the assets. 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 10, "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,
| 2016 |  | 2015 |  | 2014 |  | 2016 |  | 2015
| Interest Expense |  | Net (Loss) Income |  | Net (Loss) Income Attributable to Icahn Enterprises Holdings |  | Interest Expense |  | Net (Loss) Income |  | Net (Loss) Income 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 | $ | 230 |  |  | $ | (1,487 | ) |  | $ | (604 | ) |  | $ | 563 |  |  | $ | (1,665 | ) |  | $ | (760 | ) |  | $ | 299 |  |  | $ | (684 | ) |  | $ | (305 | ) |  | $ | 11,496 |  |  | $ | 16,140 |
Automotive | 157 |  |  | 77 |  |  | 53 |  |  | 144 |  |  | (352 | ) |  | (299 | ) |  | 128 |  |  | (90 | ) |  | (87 | ) |  | 9,819 |  |  | 7,943 |
Energy | 83 |  |  | (604 | ) |  | (327 | ) |  | 47 |  |  | 7 |  |  | 25 |  |  | 38 |  |  | 168 |  |  | 95 |  |  | 5,013 |  |  | 4,888 |
Railcar | 85 |  |  | 183 |  |  | 150 |  |  | 82 |  |  | 213 |  |  | 137 |  |  | 60 |  |  | 188 |  |  | 122 |  |  | 3,332 |  |  | 3,681 |
Gaming | 13 |  |  | (95 | ) |  | (109 | ) |  | 12 |  |  | 38 |  |  | 26 |  |  | 13 |  |  | 269 |  |  | 185 |  |  | 1,402 |  |  | 1,285 |
Metals | — |  |  | (20 | ) |  | (20 | ) |  | — |  |  | (51 | ) |  | (51 | ) |  | — |  |  | (25 | ) |  | (25 | ) |  | 193 |  |  | 215 |
Mining | 7 |  |  | (24 | ) |  | (19 | ) |  | 3 |  |  | (195 | ) |  | (150 | ) |  | — |  |  | — |  |  | — |  |  | 219 |  |  | 203 |
Food Packaging | 12 |  |  | 8 |  |  | 6 |  |  | 12 |  |  | (3 | ) |  | (3 | ) |  | 14 |  |  | 9 |  |  | 6 |  |  | 428 |  |  | 416 |
Real Estate | 2 |  |  | 12 |  |  | 12 |  |  | 2 |  |  | 61 |  |  | 61 |  |  | 3 |  |  | 22 |  |  | 22 |  |  | 687 |  |  | 701 |
Home Fashion | — |  |  | (12 | ) |  | (12 | ) |  | — |  |  | (4 | ) |  | (4 | ) |  | — |  |  | 2 |  |  | 2 |  |  | 193 |  |  | 206 |
Holding Company | 288 |  |  | (257 | ) |  | (257 | ) |  | 288 |  |  | (175 | ) |  | (175 | ) |  | 291 |  |  | (387 | ) |  | (387 | ) |  | 578 |  |  | 753 |
Consolidated | $ | 877 |  |  | $ | (2,219 | ) |  | $ | (1,127 | ) |  | $ | 1,153 |  |  | $ | (2,126 | ) |  | $ | (1,193 | ) |  | $ | 846 |  |  | $ | (528 | ) |  | $ | (372 | ) |  | $ | 33,360 |  |  | $ | 36,431 |
Amounts related to the amortization of deferred financing costs and debt discounts and premiums included in interest expense for the consolidated results of Icahn Enterprises Holdings were $22 million, $13 million and $21 million for the years ended December 31, 2016, 2015 and 2014, respectively.

X
- References No definition available. + 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 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: 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=68060357&loc=d3e9038-108599 Reference 3: 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=68060357&loc=d3e8971-108599 Reference 4: 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=68060357&loc=d3e8595-108599 Reference 5: 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=68060357&loc=d3e8380-108599 Reference 6: 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=68060357&loc=d3e8933-108599 Reference 7: 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=68060357&loc=d3e8844-108599 Reference 8: 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=68060357&loc=d3e8984-108599 Reference 9: 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=68060357&loc=d3e9031-108599 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=68060357&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 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: 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=68060357&loc=d3e8864-108599 Reference 13: 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=68060357&loc=d3e8924-108599 Reference 14: 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=68060357&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration