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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Data (Unaudited) [Abstract]  
Quarterly Financial Information [Text Block]
Quarterly Financial Data (Unaudited).
Quarterly financial data for Icahn Enterprises is presented below:
 
For the Three Months Ended(1)
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
(in millions, except per unit data)
Net sales
$
4,319

 
$
3,548

 
$
4,282

 
$
4,094

 
$
4,292

 
$
3,904

 
$
4,410

 
$
3,965

Gross margin on net sales
627

 
425

 
559

 
646

 
613

 
526

 
499

 
502

Total revenues
4,677

 
3,127

 
6,654

 
4,350

 
5,680

 
4,899

 
4,733

 
3,972

Net (loss) income
(160
)
 
(1,609
)
 
1,725

 
(285
)
 
829

 
238

 
197

 
(564
)
Net loss (income) attributable to non-controlling interests
(142
)
 
(772
)
 
172

 
(216
)
 
232

 
254

 
(101
)
 
(358
)
Net (loss) income attributable to Icahn Enterprises
(18
)
 
(837
)
 
1,553

 
(69
)
 
597

 
(16
)
 
298

 
(206
)
Basic (loss) income per LP unit
$
(0.12
)
 
$
(6.21
)
 
$
9.51

 
$
(0.50
)
 
$
3.53

 
$
(0.12
)
 
$
1.72

 
$
(1.42
)
Diluted (loss) income per LP unit
$
(0.12
)
 
$
(6.21
)
 
$
9.51

 
$
(0.50
)
 
$
3.53

 
$
(0.12
)
 
$
1.72

 
$
(1.42
)


(1) 
The comparability of our quarterly financial data is affected by, among other things, (i) the performance of the Investment Funds, (ii) various acquisitions, primarily the acquisition of Pep Boys during the first quarter of 2016, (iii) certain dispositions of assets, primarily during the second and fourth quarters of 2017, (iv) impairment charges and (v) the enactment of U.S. tax law changes in the fourth quarter of 2017.