Net Income Per LP Unit.

The following table sets forth the allocation of net (loss) income attributable to Icahn Enterprises allocable to limited partners and the computation of basic and diluted (loss) income per LP unit of Icahn Enterprises for the periods indicated:



	Year Ended December 31,
	2017		2016			2015
	(in millions, except per unit data)
Net loss attributable to Icahn Enterprises	$	2,430	$	(1,128	)	$	(1,194	)
Net loss attributable to Icahn Enterprises allocable to limited partners (98.01% allocation)	$	2,382	$	(1,106	)	$	(1,170	)

Basic and diluted loss per LP unit	$	14.80	$	(8.07	)	$	(9.29	)
Basic and diluted weighted average LP units outstanding	161		137			126

Icahn Enterprises Rights Offering

In January 2017, Icahn Enterprises commenced a rights offering entitling holders of the rights to acquire newly issued depositary units of Icahn Enterprises. The rights offering, which expired on February 22, 2017, was fully subscribed with total basic subscription rights and over-subscription rights being exercised resulting in a total of 11,171,104 depositary units issued on March 1, 2017 and for aggregate proceeds of $600 million. Affiliates of Mr. Icahn fully exercised all of the basic subscription rights and over-subscription rights allocated to them in the rights offering aggregating 10,525,105 additional depositary units.

Unit Distributions

During the year ended December 31, 2017, we declared four quarterly distributions aggregating $6.00 per depositary unit. Depositary unitholders were given the option to make an election to receive the distributions in either cash or additional depositary units; if a holder did not make an election, it was automatically deemed to have elected to receive the distributions in cash. Icahn Enterprises depositary units outstanding during 2017 increased as a result of the four quarterly distributions in which we distributed an aggregate 17,644,152 of Icahn Enterprises' depositary units to those depositary unitholders who elected to receive such distributions in additional depositary units, of which an aggregate of 17,374,427 depositary units were distributed to Mr. Icahn and his affiliates.

2017 Incentive Plan

During the year ended December 31, 2017, Icahn Enterprises distributed 7,902 depositary units, net of payroll withholdings, with respect to certain restricted depositary units that vested during the period in connection with the 2017 Incentive Plan. The aggregate impact of the 2017 Incentive Plan is not material with respect to our consolidated financial statements, including the calculation of potentially dilutive units.