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Discontinued Operations (Tables) | 6 Months Ended
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Jun. 30, 2018
Discontinued Operations [Abstract] |
Discontinued Operations |
| Three Months Ended June 30, 2018 |  | Three Months Ended June 30, 2017
| Automotive |  | Gaming |  | Total |  | Automotive |  | Gaming |  | Total
Revenues: | (in millions)
Net sales | $ | 2,047 |  |  | $ | — |  |  | $ | 2,047 |  |  | $ | 1,949 |  |  | $ | — |  |  | $ | 1,949 |
Other revenues from operations | — |  |  | 231 |  |  | 231 |  |  | — |  |  | 222 |  |  | 222 |
Interest and dividend income | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Gain on disposition of assets, net | 1 |  |  | — |  |  | 1 |  |  | 2 |  |  | — |  |  | 2 |
Other (loss) income, net | — |  |  | (1 | ) |  | (1 | ) |  | 5 |  |  | — |  |  | 5 |
| 2,048 |  |  | 230 |  |  | 2,278 |  |  | 1,957 |  |  | 222 |  |  | 2,179 |
Expenses: |  |  |  |  |  |  |  |  |  |  |
Cost of goods sold | 1,672 |  |  | — |  |  | 1,672 |  |  | 1,652 |  |  | — |  |  | 1,652 |
Other expenses from operations | — |  |  | 106 |  |  | 106 |  |  | — |  |  | 106 |  |  | 106 |
Selling, general and administrative | 196 |  |  | 74 |  |  | 270 |  |  | 219 |  |  | 90 |  |  | 309 |
Restructuring, net | (2 | ) |  | — |  |  | (2 | ) |  | — |  |  | — |  |  | — |
Impairment | 2 |  |  | — |  |  | 2 |  |  | — |  |  | — |  |  | — |
Interest expense | 48 |  |  | 2 |  |  | 50 |  |  | 38 |  |  | 3 |  |  | 41 |
| 1,916 |  |  | 182 |  |  | 2,098 |  |  | 1,909 |  |  | 199 |  |  | 2,108 |
Income from discontinued operations before income tax expense | 132 |  |  | 48 |  |  | 180 |  |  | 48 |  |  | 23 |  |  | 71 |
Income tax expense | (18 | ) |  | (7 | ) |  | (25 | ) |  | (6 | ) |  | (7 | ) |  | (13 | )
Income from discontinued operations | 114 |  |  | 41 |  |  | 155 |  |  | 42 |  |  | 16 |  |  | 58 |
Less: income from discontinued operations attributable to non-controlling interests | 3 |  |  | 7 |  |  | 10 |  |  | 3 |  |  | 4 |  |  | 7 |
Income from discontinued operations attributable to Icahn Enterprises | $ | 111 |  |  | $ | 34 |  |  | $ | 145 |  |  | $ | 39 |  |  | $ | 12 |  |  | $ | 51 |
Supplemental information: |  |  |  |  |  |  |  |  |  |  |
Capital expenditures(1) | $ | 97 |  |  | $ | 23 |  |  | $ | 120 |  |  | $ | 84 |  |  | $ | 31 |  |  | $ | 115 |
Depreciation and amortization(2) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 99 |  |  | $ | 17 |  |  | $ | 116 |
| Six Months Ended June 30, 2018 |  | Six Months Ended June 30, 2017
| Automotive |  | Gaming |  | Total |  | Automotive |  | Gaming |  | Total
Revenues: | (in millions)
Net sales | $ | 4,103 |  |  | $ | — |  |  | $ | 4,103 |  |  | $ | 3,897 |  |  | $ | — |  |  | $ | 3,897 |
Other revenues from operations | — |  |  | 455 |  |  | 455 |  |  | — |  |  | 438 |  |  | 438 |
Interest and dividend income | 1 |  |  | 1 |  |  | 2 |  |  | 1 |  |  | 1 |  |  | 2 |
Loss on disposition of assets, net | — |  |  | — |  |  | — |  |  | — |  |  | (3 | ) |  | (3 | )
Other income (loss), net | 9 |  |  | (1 | ) |  | 8 |  |  | 13 |  |  | 1 |  |  | 14 |
| 4,113 |  |  | 455 |  |  | 4,568 |  |  | 3,911 |  |  | 437 |  |  | 4,348 |
Expenses: |  |  |  |  |  |  |  |  |  |  |
Cost of goods sold | 3,437 |  |  | — |  |  | 3,437 |  |  | 3,287 |  |  | — |  |  | 3,287 |
Other expenses from operations | — |  |  | 210 |  |  | 210 |  |  | — |  |  | 207 |  |  | 207 |
Selling, general and administrative | 416 |  |  | 165 |  |  | 581 |  |  | 428 |  |  | 189 |  |  | 617 |
Restructuring, net | (2 | ) |  | — |  |  | (2 | ) |  | 7 |  |  | — |  |  | 7 |
Impairment | 2 |  |  | — |  |  | 2 |  |  | 1 |  |  | — |  |  | 1 |
Interest expense | 92 |  |  | 3 |  |  | 95 |  |  | 74 |  |  | 6 |  |  | 80 |
| 3,945 |  |  | 378 |  |  | 4,323 |  |  | 3,797 |  |  | 402 |  |  | 4,199 |
Income from discontinued operations before income tax expense | 168 |  |  | 77 |  |  | 245 |  |  | 114 |  |  | 35 |  |  | 149 |
Income tax expense | (41 | ) |  | (14 | ) |  | (55 | ) |  | (26 | ) |  | (21 | ) |  | (47 | )
Income from discontinued operations | 127 |  |  | 63 |  |  | 190 |  |  | 88 |  |  | 14 |  |  | 102 |
Less: income from discontinued operations attributable to non-controlling interests | 6 |  |  | 10 |  |  | 16 |  |  | 6 |  |  | 11 |  |  | 17 |
Income from discontinued operations attributable to Icahn Enterprises | $ | 121 |  |  | $ | 53 |  |  | $ | 174 |  |  | $ | 82 |  |  | $ | 3 |  |  | $ | 85 |
Supplemental information: |  |  |  |  |  |  |  |  |  |  |
Capital expenditures(1) | $ | 215 |  |  | $ | 46 |  |  | $ | 261 |  |  | $ | 185 |  |  | $ | 53 |  |  | $ | 238 |
Depreciation and amortization(2) | $ | 100 |  |  | $ | 19 |  |  | $ | 119 |  |  | $ | 192 |  |  | $ | 35 |  |  | $ | 227 |
(1) Capital expenditures in the tables above represent cash used in investing activities. In addition, non-cash capital expenditures included in accounts payable, accrued expenses and other liabilities for the six months ended June 30, 2018 and 2017 aggregated $60 million and $56 million, respectively. (2) Excludes amounts related to the amortization of deferred financing costs and debt discounts and premiums included in interest expense aggregating $0 million and $1 million for the three months ended June 30, 2018 and 2017, respectively, and $1 million and $3 million for the six months ended June 30, 2018 and 2017, respectively. Assets and liabilities held for sale consist of the following:
| June 30, 2018 |  | December 31, 2017
| Automotive |  | Gaming |  | Total |  | Automotive |  | Gaming |  | Total
Assets Held For Sale | (in millions)
Cash and cash equivalents | $ | 293 |  |  | $ | 98 |  |  | $ | 391 |  |  | $ | 315 |  |  | $ | 103 |  |  | $ | 418 |
Restricted cash | 5 |  |  | 16 |  |  | 21 |  |  | 4 |  |  | 16 |  |  | 20 |
Investments | 312 |  |  | 7 |  |  | 319 |  |  | 324 |  |  | 7 |  |  | 331 |
Accounts receivable, net | 1,290 |  |  | 11 |  |  | 1,301 |  |  | 1,182 |  |  | 11 |  |  | 1,193 |
Inventories, net | 1,487 |  |  | — |  |  | 1,487 |  |  | 1,456 |  |  | — |  |  | 1,456 |
Property, plant and equipment, net | 2,587 |  |  | 813 |  |  | 3,400 |  |  | 2,545 |  |  | 792 |  |  | 3,337 |
Goodwill | 934 |  |  | — |  |  | 934 |  |  | 941 |  |  | — |  |  | 941 |
Intangible assets, net | 503 |  |  | 74 |  |  | 577 |  |  | 517 |  |  | 74 |  |  | 591 |
Other assets | 353 |  |  | 79 |  |  | 432 |  |  | 394 |  |  | 93 |  |  | 487 |
Assets held for sale (discontinued operations) | $ | 7,764 |  |  | $ | 1,098 |  |  | $ | 8,862 |  |  | $ | 7,678 |  |  | $ | 1,096 |  |  | $ | 8,774 |
Other assets held for sale |  |  |  |  | 7 |  |  |  |  |  |  | 16 |
Total assets held for sale |  |  |  |  | $ | 8,869 |  |  |  |  |  |  | $ | 8,790 |
Liabilities Held For Sale |  |  |  |  |  |  |  |  |  |  |
Accounts payable, accrued expenses and other liabilities | $ | 1,808 |  |  | $ | 124 |  |  | $ | 1,932 |  |  | $ | 1,718 |  |  | $ | 142 |  |  | $ | 1,860 |
Post-retirement benefit liability | 1,033 |  |  | — |  |  | 1,033 |  |  | 1,075 |  |  | — |  |  | 1,075 |
Debt | 3,093 |  |  | 87 |  |  | 3,180 |  |  | 3,130 |  |  | 137 |  |  | 3,267 |
Liabilities held for sale (discontinued operations) | $ | 5,934 |  |  | $ | 211 |  |  | $ | 6,145 |  |  | $ | 5,923 |  |  | $ | 279 |  |  | $ | 6,202 |

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