XML 32 R20.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Discontinued Operations (Notes) | 12 Months Ended
--- | ---
Dec. 31, 2018
Discontinued Operations. [Abstract] |
Discontinued Operations | Discontinued Operations. As discussed in Note 1, "Description of Business," we operated discontinued operations previously included in our Automotive and Railcar segments and our former Gaming segment. Income from discontinued operations is summarized as follows:
| Year Ended December 31, 2018 |  | Year Ended December 31, 2017 |  | Year Ended December 31, 2016
| Automotive |  | Gaming |  | Railcar |  | Total |  | Automotive |  | Gaming |  | Railcar |  | Total |  | Automotive |  | Gaming |  | Railcar |  | Total
Revenues: | (in millions)
Net sales | $ | 5,993 |  |  | $ | — |  |  | $ | 228 |  |  | $ | 6,221 |  |  | $ | 7,720 |  |  | $ | — |  |  | $ | 265 |  |  | $ | 7,985 |  |  | $ | 7,341 |  |  | $ | — |  |  | $ | 430 |  |  | $ | 7,771 |
Other revenues from operations | — |  |  | 679 |  |  | 213 |  |  | 892 |  |  | — |  |  | 898 |  |  | 197 |  |  | 1,095 |  |  | — |  |  | 943 |  |  | 175 |  |  | 1,118 |
Net gain on investment activities | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | 2 |  |  | — |  |  | — |  |  | — |  |  | — |
Interest and dividend income | 2 |  |  | 1 |  |  | 2 |  |  | 5 |  |  | 6 |  |  | 1 |  |  | 2 |  |  | 9 |  |  | 4 |  |  | 1 |  |  | 2 |  |  | 7 |
Gain (loss) on disposition of assets, net | 65 |  |  | — |  |  | — |  |  | 65 |  |  | 7 |  |  | (1 | ) |  | — |  |  | 6 |  |  | 8 |  |  | — |  |  | — |  |  | 8 |
Other income, net | 5 |  |  | 1 |  |  | 13 |  |  | 19 |  |  | 31 |  |  | 27 |  |  | 3 |  |  | 61 |  |  | 31 |  |  | 3 |  |  | 5 |  |  | 39 |
| 6,065 |  |  | 681 |  |  | 456 |  |  | 7,202 |  |  | 7,764 |  |  | 925 |  |  | 469 |  |  | 9,158 |  |  | 7,384 |  |  | 947 |  |  | 612 |  |  | 8,943 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of goods sold | 4,999 |  |  | — |  |  | 215 |  |  | 5,214 |  |  | 6,553 |  |  | — |  |  | 249 |  |  | 6,802 |  |  | 6,215 |  |  | — |  |  | 366 |  |  | 6,581 |
Other expenses from operations | — |  |  | 311 |  |  | 114 |  |  | 425 |  |  | — |  |  | 425 |  |  | 100 |  |  | 525 |  |  | — |  |  | 460 |  |  | 68 |  |  | 528 |
Selling, general and administrative | 601 |  |  | 238 |  |  | 40 |  |  | 879 |  |  | 862 |  |  | 371 |  |  | 37 |  |  | 1,270 |  |  | 845 |  |  | 432 |  |  | 32 |  |  | 1,309 |
Restructuring, net | 13 |  |  | — |  |  | — |  |  | 13 |  |  | 21 |  |  | — |  |  | — |  |  | 21 |  |  | 27 |  |  | — |  |  | — |  |  | 27 |
Impairment | 2 |  |  | — |  |  | 4 |  |  | 6 |  |  | 25 |  |  | — |  |  | — |  |  | 25 |  |  | 17 |  |  | 106 |  |  | — |  |  | 123 |
Interest expense | 137 |  |  | 4 |  |  | 19 |  |  | 160 |  |  | 154 |  |  | 11 |  |  | 22 |  |  | 187 |  |  | 150 |  |  | 13 |  |  | 23 |  |  | 186 |
| 5,752 |  |  | 553 |  |  | 392 |  |  | 6,697 |  |  | 7,615 |  |  | 807 |  |  | 408 |  |  | 8,830 |  |  | 7,254 |  |  | 1,011 |  |  | 489 |  |  | 8,754 |
Income (loss) from discontinued operations before gain (loss) on sale and income tax (expense) benefit | 313 |  |  | 128 |  |  | 64 |  |  | 505 |  |  | 149 |  |  | 118 |  |  | 61 |  |  | 328 |  |  | 130 |  |  | (64 | ) |  | 123 |  |  | 189 |
Gain (loss) on sale of discontinued operations | 251 |  |  | 779 |  |  | 400 |  |  | 1,430 |  |  | — |  |  | (3 | ) |  | — |  |  | (3 | ) |  | — |  |  | — |  |  | — |  |  | — |
Income (loss) from discontinued operations before income tax (expense) benefit | 564 |  |  | 907 |  |  | 464 |  |  | 1,935 |  |  | 149 |  |  | 115 |  |  | 61 |  |  | 325 |  |  | 130 |  |  | (64 | ) |  | 123 |  |  | 189 |
Income tax (expense) benefit | (69 | ) |  | (89 | ) |  | (13 | ) |  | (171 | ) |  | (33 | ) |  | (93 | ) |  | 35 |  |  | (91 | ) |  | (43 | ) |  | (24 | ) |  | (57 | ) |  | (124 | )
Income (loss) from discontinued operations | 495 |  |  | 818 |  |  | 451 |  |  | 1,764 |  |  | 116 |  |  | 22 |  |  | 96 |  |  | 234 |  |  | 87 |  |  | (88 | ) |  | 66 |  |  | 65 |
Less: income from discontinued operations attributable to non-controlling interests | 7 |  |  | 17 |  |  | 20 |  |  | 44 |  |  | 11 |  |  | 13 |  |  | 53 |  |  | 77 |  |  | 24 |  |  | 14 |  |  | 28 |  |  | 66 |
Income (loss) from discontinued operations attributable to Icahn Enterprises | $ | 488 |  |  | $ | 801 |  |  | $ | 431 |  |  | $ | 1,720 |  |  | $ | 105 |  |  | $ | 9 |  |  | $ | 43 |  |  | $ | 157 |  |  | $ | 63 |  |  | $ | (102 | ) |  | $ | 38 |  |  | $ | (1 | )
Supplemental information: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | $ | 303 |  |  | $ | 58 |  |  | $ | 125 |  |  | $ | 486 |  |  | $ | 393 |  |  | $ | 112 |  |  | $ | 171 |  |  | $ | 676 |  |  | $ | 381 |  |  | $ | 85 |  |  | $ | 113 |  |  | $ | 579 |
Depreciation and amortization | $ | 100 |  |  | $ | 19 |  |  | $ | 47 |  |  | $ | 166 |  |  | $ | 397 |  |  | $ | 73 |  |  | $ | 58 |  |  | $ | 528 |  |  | $ | 375 |  |  | $ | 71 |  |  | $ | 42 |  |  | $ | 488 |
As of December 31, 2018, assets and liabilities held for sale primarily consists of property, plant and equipment, net for operations not classified as discontinued operations. As of December 31, 2017, assets and liabilities held for sale were primarily related to discontinued operations, all of which were sold during 2018. Assets and liabilities held for sale as of December 31, 2017 consists of the following:
| December 31, 2017
| Automotive |  | Gaming |  | Railcar |  | Total
Assets Held For Sale | (in millions)
Cash and cash equivalents | $ | 315 |  |  | $ | 103 |  |  | $ | 100 |  |  | $ | 518 |
Restricted cash | 4 |  |  | 16 |  |  | 19 |  |  | 39 |
Investments | 324 |  |  | 7 |  |  | 23 |  |  | 354 |
Accounts receivable, net | 1,182 |  |  | 11 |  |  | 44 |  |  | 1,237 |
Inventories, net | 1,456 |  |  | — |  |  | 54 |  |  | 1,510 |
Property, plant and equipment, net | 2,545 |  |  | 792 |  |  | 1,199 |  |  | 4,536 |
Goodwill | 941 |  |  | — |  |  | 7 |  |  | 948 |
Intangible assets, net | 517 |  |  | 74 |  |  | — |  |  | 591 |
Other assets | 394 |  |  | 93 |  |  | 27 |  |  | 514 |
Assets held for sale (discontinued operations) | $ | 7,678 |  |  | $ | 1,096 |  |  | $ | 1,473 |  |  | $ | 10,247 |
Other assets held for sale |  |  |  |  |  |  | 16 |
Total assets held for sale |  |  |  |  |  |  | $ | 10,263 |
Liabilities Held For Sale |  |  |  |  |  |  |
Accounts payable, accrued expenses and other liabilities | $ | 1,718 |  |  | $ | 142 |  |  | $ | 62 |  |  | $ | 1,922 |
Deferred tax liability | — |  |  | — |  |  | 192 |  |  | 192 |
Post-retirement benefit liability | 1,075 |  |  | — |  |  | 8 |  |  | 1,083 |
Debt | 3,130 |  |  | 137 |  |  | 546 |  |  | 3,813 |
Liabilities held for sale (discontinued operations) | $ | 5,923 |  |  | $ | 279 |  |  | $ | 808 |  |  | $ | 7,010 |
Other assets held for sale in the table above primarily consists of property, plant and equipment, net for other operations not classified as discontinued operations.

X
- Definition Discontinued Operations. [Abstract] + References No definition available. + Details
Name: | iep_DiscontinuedOperations.Abstract
Namespace Prefix: | iep_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration