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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Net sales $ 2,864 $ 2,404 $ 8,220 $ 7,107
Other revenues from operations 217 181 632 705
Net (loss) gain from investment activities (514) 420 328 604
Interest and dividend income 36 34 99 94
Gain on disposition of assets, net 65 446 65 1,969
Other income (loss), net 17 19 83 (11)
Total Revenues 2,685 3,504 9,427 10,468
Expenses:        
Cost of goods sold 2,406 2,054 7,007 6,174
Other expenses from operations 173 144 490 469
Selling, general and administrative 340 323 1,042 945
Restructuring, net 17 1 20 3
Impairment 0 0 7 76
Interest expense 130 164 407 525
Total Expenses 3,066 2,686 8,973 8,192
(Loss) income from continuing operations before income tax benefit (expense) (381) 818 454 2,276
Income tax benefit (expense) 71 (18) 57 (13)
(Loss) income from continuing operations (310) 800 511 2,263
Income from discontinued operations 163 29 353 131
Net (loss) income (147) 829 864 2,394
Less: net (loss) income attributable to non-controlling interests (273) 232 292 262
Net income attributable to Icahn Enterprises 126 597 572 2,132
Net income attributable to Icahn Enterprises allocable to:        
Net (loss) income attributable to Icahn Enterprises from continuing operations (29) 577 243 2,027
Income from discontinued operations attributable to Icahn Enterprises 155 20 329 105
Limited partners 124 586 561 2,090
General partner 2 11 11 42
Net income attributable to Icahn Enterprises $ 126 $ 597 $ 572 $ 2,132
Basic income (loss) per LP unit        
Basic income from continuing operations per LP unit $ (0.16) $ 3.41 $ 1.34 $ 12.58
Basic income from discontinued operations per LP unit 0.84 0.12 1.81 0.65
Basic income (loss) per LP unit $ 0.68 $ 3.53 $ 3.15 $ 13.23
Basic weighted average LP units outstanding 183 166 178 158
Diluted income (loss) per LP unit        
Diluted income from continuing operations per LP unit $ (0.16) $ 3.41 $ 1.34 $ 12.58
Diluted income from discontinued operations per LP unit 0.84 0.12 1.81 0.65
Diluted income (loss) per LP unit $ 0.68 $ 3.53 $ 3.15 $ 13.23
Diluted weighted average LP units outstanding 183 160 178 154
Cash distributions declared per LP unit $ 1.75 $ 1.50 $ 5.25 $ 4.50
Icahn Enterprises Holdings        
Revenues:        
Net sales $ 2,864 $ 2,404 $ 8,220 $ 7,107
Other revenues from operations 217 181 632 705
Net (loss) gain from investment activities (514) 420 328 604
Interest and dividend income 36 34 99 94
Gain on disposition of assets, net 65 446 65 1,969
Other income (loss), net 17 19 83 (11)
Total Revenues 2,685 3,504 9,427 10,468
Expenses:        
Cost of goods sold 2,406 2,054 7,007 6,174
Other expenses from operations 173 144 490 469
Selling, general and administrative 340 323 1,042 945
Restructuring, net 17 1 20 3
Impairment 0 0 7 76
Interest expense 130 164 406 524
Total Expenses 3,066 2,686 8,972 8,191
(Loss) income from continuing operations before income tax benefit (expense) (381) 818 455 2,277
Income tax benefit (expense) 71 (18) 57 (13)
(Loss) income from continuing operations (310) 800 512 2,264
Income from discontinued operations 163 29 353 131
Net (loss) income (147) 829 865 2,395
Less: net (loss) income attributable to non-controlling interests (273) 232 292 262
Net income attributable to Icahn Enterprises 126 597 573 2,133
Net income attributable to Icahn Enterprises allocable to:        
Net (loss) income attributable to Icahn Enterprises from continuing operations (29) 577 244 2,028
Income from discontinued operations attributable to Icahn Enterprises 155 20 329 105
Limited partners 124 591 567 2,112
General partner 2 6 6 21
Net income attributable to Icahn Enterprises $ 126 $ 597 $ 573 $ 2,133