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Net Income Per LP Unit | 9 Months Ended
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Sep. 30, 2018
Earnings Per Unit [Abstract] |
Net Income Per LP Unit | Net Income Per LP Unit. The components of the computation of basic and diluted income (loss) per LP unit from continuing and discontinued operations of Icahn Enterprises are as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
| (in millions, except per unit data)
Net (loss) income attributable to Icahn Enterprises from continuing operations | $ | (29 | ) |  | $ | 577 |  |  | $ | 243 |  |  | $ | 2,027 |
Net (loss) income attributable to Icahn Enterprises from continuing operations allocable to limited partners (98.01% allocation) | $ | (29 | ) |  | $ | 566 |  |  | $ | 238 |  |  | $ | 1,987 |
Net income attributable to Icahn Enterprises from discontinued operations allocable to limited partners | $ | 153 |  |  | $ | 20 |  |  | $ | 323 |  |  | $ | 103 |
Basic and diluted (loss) income per LP unit: |  |  |  |  |  |  |
Continuing operations | $ | (0.16 | ) |  | $ | 3.41 |  |  | $ | 1.34 |  |  | $ | 12.58 |
Discontinued operations | 0.84 |  |  | 0.12 |  |  | 1.81 |  |  | 0.65 |
| $ | 0.68 |  |  | $ | 3.53 |  |  | $ | 3.15 |  |  | $ | 13.23 |
Basic and diluted weighted average LP units outstanding | 183 |  |  | 166 |  |  | 178 |  |  | 158 |
Icahn Enterprises Rights Offering In January 2017, Icahn Enterprises commenced a rights offering entitling holders of the rights to acquire newly issued depositary units of Icahn Enterprises. In connection with this rights offering, we received proceeds of $600 million during the nine months ended September 30, 2017. LP Unit Distribution On each of February 27, 2018, May 2, 2018, and July 31, 2018, Icahn Enterprises declared a quarterly distribution in the amount of $1.75 per depositary unit (aggregating $5.25 per depositary unit) in which each depositary unit holder had the option to make an election to receive either cash or additional depositary units. As a result of the above distributions declared, during the nine months ended September 30, 2018, Icahn Enterprises distributed an aggregate of 13,066,279 depositary units to unit holders electing to receive depositary units, of which an aggregate of 12,895,218 depositary units were distributed to Mr. Icahn and his affiliates. In connection with these distributions, aggregate cash distributions to all depositary unitholders was $71 million during the three and nine months ended September 30, 2018. 2017 Incentive Plan During the three months ended September 30, 2018 and 2017, Icahn Enterprises distributed 1,329 and 2,388 depositary units, respectively, and 19,487 and 5,418 depositary units during the nine months ended September 30, 2018 and 2017, respectively, net of payroll withholdings, with respect to certain restricted depositary units and deferred unit awards that vested during the period in connection with the Icahn Enterprises L.P. 2017 Long Term Incentive Plan (the "2017 Incentive Plan"). The aggregate impact of the 2017 Incentive Plan is not material with respect to our condensed consolidated financial statements, including the calculation of potentially dilutive units and diluted income per LP unit.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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