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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Contingency [Line Items]

difference in book basis and tax basis of net assets not subject to income taxes [Table Text Block]

The difference between the book basis and the tax basis of our net assets, not directly subject to income taxes, is as follows:

	Icahn Enterprises								Icahn Enterprises Holdings
	December 31,								December 31,
	2016				2015				2016				2015
	(in millions)								(in millions)
Book basis of net assets	$	2,154			$	3,987			$	2,179			$	4,011
Book/tax basis difference	1,888				(88		)		1,888				(88		)
Tax basis of net assets	$	4,042			$	3,899			$	4,067			$	3,923

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Our corporate subsidiaries recorded the following income tax benefit (expense) attributable to continuing operations for our taxable subsidiaries:

	Year Ended December 31,
	2016				2015				2014
	(in millions)
Current:
Domestic	$	(40	)		$	(17	)		$	(45	)
International	(101		)		(55		)		(35		)
Total current	(141		)		(72		)		(80		)
Deferred:
Domestic	73				(15		)		201
International	32				19				(18		)
Total deferred	105				4				183
	$	(36	)		$	(68	)		$	103

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The tax effect of significant differences representing deferred tax assets (liabilities) (the difference between financial statement carrying value and the tax basis of assets and liabilities) is as follows:

	December 31,
	2016				2015
	(in millions)
Deferred tax assets:
Property, plant and equipment	$	312			$	341
Net operating loss	1,981				1,511
Tax credits	139				133
Post-employment benefits, including pensions	334				347
Reorganization costs	7				5
Other	430				418
Total deferred tax assets	3,203				2,755
Less: Valuation allowance	(1,821		)		(1,444		)
Net deferred tax assets	$	1,382			$	1,311
Deferred tax liabilities:
Property, plant and equipment	$	(592	)		$	(354	)
Intangible assets	(195		)		(163		)
Investment in partnerships	(1,495		)		(1,376		)
Investment in U.S. subsidiaries	(307		)		(307		)
Other	(101		)		(13		)
Total deferred tax liabilities	(2,690		)		(2,213		)
	$	(1,308	)		$	(902	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation of the effective tax rate on continuing operations as shown in the consolidated statements of operations to the federal statutory rate is as follows:

	Year Ended December 31,
	2016			2015			2014
Federal statutory rate	35.0	%		35.0	%		35.0	%
Foreign operations	1.8			1.4			6.7
Valuation allowance	(2.1	)		(5.5	)		21.5
Non-controlling interest	(0.3	)		2.0			7.5
Goodwill	(10.3	)		(9.5	)		(5.7	)
Gain on settlement of liabilities subject to compromise	(0.4	)		0.2			4.9
Income not subject to taxation	(23.4	)		(25.4	)		(47.2	)
Other	(1.9	)		(1.5	)		(6.4	)
	(1.6	)%		(3.3	)%		16.3	%

Schedule of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns Roll Forward [Table Text Block]

A summary of the changes in the gross amounts of unrecognized tax benefits for the years ended December 31, 2016, 2015 and 2014 are as follows:

	Years Ended December 31,
	2016				2015				2014
	(in millions)
Balance at January 1	$	94			$	113			$	132
Addition based on tax positions related to the current year	7				19				18
Increase for tax positions of prior years	8				6				10
Decrease for tax positions of prior years	(1		)		(10		)		(14		)
Decrease for statute of limitation expiration	(6		)		(21		)		(3		)
Settlements	—				(8		)		(25		)
Impact of currency translation and other	(1		)		(5		)		(5		)
Balance at December 31	$	101			$	94			$	113

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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