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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Net sales $ 2,919 $ 2,332 $ 5,356 $ 4,704
Other revenues from operations 210 265 406 524
Net gain from investment activities 409 314 842 184
Interest and dividend income 37 32 63 60
(Loss) gain on disposition of assets, net (4) 1,523 0 1,523
Other income (loss), net 7 (1) 66 (31)
Total Revenues 3,578 4,465 6,733 6,964
Expenses:        
Cost of goods sold 2,510 2,068 4,601 4,120
Other expenses from operations 162 172 313 325
Selling, general and administrative 352 307 697 622
Restructuring, net 1 2 3 2
Impairment 7 69 7 76
Interest expense 125 177 277 361
Total Expenses 3,157 2,795 5,898 5,506
Income from continuing operations before income tax benefit (expense) 421 1,670 835 1,458
Income tax benefit (expense) 12 (3) (14) 5
Income from continuing operations 433 1,667 821 1,463
Income from discontinued operations 155 58 190 102
Net income 588 1,725 1,011 1,565
Less: net income attributable to non-controlling interests 279 172 565 30
Net income attributable to Icahn Enterprises 309 1,553 446 1,535
Net income attributable to Icahn Enterprises allocable to:        
Net income attributable to Icahn Enterprises from continuing operations 164 1,502 272 1,450
Income from discontinued operations attributable to Icahn Enterprises 145 51 174 85
Limited partners 303 1,522 437 1,504
General partner 6 31 9 31
Net income attributable to Icahn Enterprises $ 309 $ 1,553 $ 446 $ 1,535
Basic income (loss) per LP unit        
Basic income from continuing operations per LP unit $ 0.90 $ 9.20 $ 1.52 $ 9.23
Basic income from discontinued operations per LP unit 0.80 0.31 0.96 0.54
Basic income (loss) per LP unit $ 1.70 $ 9.51 $ 2.48 $ 9.77
Basic weighted average LP units outstanding 178 160 176 154
Diluted income (loss) per LP unit        
Diluted income from continuing operations per LP unit $ 0.90 $ 9.20 $ 1.52 $ 9.23
Diluted income from discontinued operations per LP unit 0.80 0.31 0.96 0.54
Diluted income (loss) per LP unit $ 1.70 $ 9.51 $ 2.48 $ 9.77
Diluted weighted average LP units outstanding 178 160 176 154
Cash distributions declared per LP unit $ 1.75 $ 1.50 $ 3.50 $ 3.00
Icahn Enterprises Holdings        
Revenues:        
Net sales $ 2,919 $ 2,332 $ 5,356 $ 4,704
Other revenues from operations 210 265 406 524
Net gain from investment activities 409 314 842 184
Interest and dividend income 37 32 63 60
(Loss) gain on disposition of assets, net (4) 1,523 0 1,523
Other income (loss), net 7 (1) 66 (31)
Total Revenues 3,578 4,465 6,733 6,964
Expenses:        
Cost of goods sold 2,510 2,068 4,601 4,120
Other expenses from operations 162 172 313 325
Selling, general and administrative 352 307 697 622
Restructuring, net 1 2 3 2
Impairment 7 69 7 76
Interest expense 124 176 276 360
Total Expenses 3,156 2,794 5,897 5,505
Income from continuing operations before income tax benefit (expense) 422 1,671 836 1,459
Income tax benefit (expense) 12 (3) (14) 5
Income from continuing operations 434 1,668 822 1,464
Income from discontinued operations 155 58 190 102
Net income 589 1,726 1,012 1,566
Less: net income attributable to non-controlling interests 279 172 565 30
Net income attributable to Icahn Enterprises 310 1,554 447 1,536
Net income attributable to Icahn Enterprises allocable to:        
Net income attributable to Icahn Enterprises from continuing operations 165 1,503 273 1,451
Income from discontinued operations attributable to Icahn Enterprises 145 51 174 85
Limited partners 307 1,539 443 1,521
General partner 3 15 4 15
Net income attributable to Icahn Enterprises $ 310 $ 1,554 $ 447 $ 1,536