XML 43 R33.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Financial Instruments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2018
Derivative [Line Items] |
Fair value and income recognized for derivatives not designated as hedging instruments | The following table presents the consolidated fair values of our derivatives that are not designated as hedging instruments in accordance with U.S GAAP:
Derivatives Not Designated as Hedging Instruments |  | Asset Derivatives(1) |  | Liability Derivatives
| June 30, 2018 |  | December 31, 2017 |  | June 30, 2018 |  | December 31, 2017
|  | (in millions)
Equity contracts |  | $ | 16 |  |  | $ | — |  |  | $ | 433 |  |  | $ | 1,159 |
Credit contracts |  | — |  |  | — |  |  | — |  |  | 17 |
Commodity contracts |  | 16 |  |  | 7 |  |  | 32 |  |  | 106 |
Sub-total |  | 32 |  |  | 7 |  |  | 465 |  |  | 1,282 |
Netting across contract types(2) |  | (5 | ) |  | (7 | ) |  | (5 | ) |  | (7 | )
Total(2) |  | $ | 27 |  |  | $ | — |  |  | $ | 460 |  |  | $ | 1,275 |
(1) | Net asset derivatives are classified within other assets in our condensed consolidated balance sheets.
(2) | Excludes netting of cash collateral received and posted. The total collateral posted at June 30, 2018 and December 31, 2017 was $252 million and $542 million, respectively, across all counterparties, which are included in cash held at consolidated affiliated partnerships and restricted cash on the condensed consolidated balance sheets.
The following table presents the amount of gain (loss) recognized in the condensed consolidated statements of operations for our derivatives not designated as hedging instruments:
|  | Gain (Loss) Recognized in Income(1)
Derivatives Not Designated as Hedging Instruments |  | Three Months Ended June 30, |  | Six Months Ended June 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
|  | (in millions)
Equity contracts |  | $ | (147 | ) |  | $ | (262 | ) |  | $ | (89 | ) |  | $ | (835 | )
Credit contracts |  | — |  |  | 8 |  |  | 53 |  |  | (17 | )
Commodity contracts |  | 19 |  |  | (11 | ) |  | 114 |  |  | (16 | )
|  | $ | (128 | ) |  | $ | (265 | ) |  | $ | 78 |  |  | $ | (868 | )
(1) | Gains (losses) recognized on derivatives are classified in net gain (loss) from investment activities in our condensed consolidated statements of operations for our Investment segment and are included in other income (loss), net for all other segments. Gains (losses) recognized on derivatives for our Investment segment were $(139) million and $(265) million for the three months ended June 30, 2018 and 2017, respectively, and $8 million and $(880) million for the six months ended June 30, 2018 and 2017, respectively. Gains recognized on derivatives for our other segments were $11 million and zero for the three months ended June 30, 2018 and 2017, respectively, and $70 million and $12 million for the six months ended June 30, 2018 and 2017, respectively.
Investment Segment |
Derivative [Line Items] |
Notional exposure of derivative instruments |
| June 30, 2018 |  | December 31, 2017
| Long Notional Exposure |  | Short Notional Exposure |  | Long Notional Exposure |  | Short Notional Exposure
Primary underlying risk: | (in millions)
Equity contracts | $ | 239 |  |  | $ | 6,850 |  |  | $ | 243 |  |  | $ | 6,660 |
Credit contracts(1) | — |  |  | — |  |  | — |  |  | 391 |
Commodity contracts | — |  |  | 237 |  |  | — |  |  | 634 |

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DerivativeLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579245-113959 + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for other derivative instruments not designated as hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=iep_InvestmentSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |