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Discontinued Operations (Tables)
 6 Months Ended
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