XML 41 R29.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Schedule I | 12 Months Ended
--- | ---
Dec. 31, 2018
Icahn Enterprises (Parent) |
Condensed Financial Statements, Captions [Line Items] |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | SCHEDULE I ICAHN ENTERPRISES, L.P. (Parent Company) CONDENSED BALANCE SHEETS
| December 31,
| 2018 |  | 2017
| (In millions, except unit amounts)
ASSETS |  |  |
Investments in subsidiaries, net | $ | 12,158 |  |  | $ | 10,737 |
Total Assets | $ | 12,158 |  |  | $ | 10,737 |
LIABILITIES AND EQUITY |  |  |
Accrued expenses and other liabilities | $ | 124 |  |  | $ | 124 |
Debt | 5,505 |  |  | 5,507 |
| 5,629 |  |  | 5,631 |
Commitments and contingencies (Note 3) |  |  |
Equity: |  |  |
Limited partners: Depositary units: 191,366,097 and 173,564,307 units issued and outstanding at December 31, 2018 and 2017, respectively | 7,319 |  |  | 5,341 |
General partner | (790 | ) |  | (235 | )
Total equity | 6,529 |  |  | 5,106 |
Total Liabilities and Equity | $ | 12,158 |  |  | $ | 10,737 |
See notes to condensed financial statements. SCHEDULE I ICAHN ENTERPRISES, L.P. (Parent Company) CONDENSED STATEMENTS OF OPERATIONS
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
| (In millions)
Interest expense | $ | (337 | ) |  | $ | (323 | ) |  | $ | (289 | )
Loss on extinguishment of debt | — |  |  | (12 | ) |  | — |
Equity in earnings (loss) of subsidiaries | 1,844 |  |  | 2,765 |  |  | (839 | )
Net income (loss) | $ | 1,507 |  |  | $ | 2,430 |  |  | $ | (1,128 | )
Net income (loss) allocated to: |  |  |  |  |
Limited partners | $ | 2,063 |  |  | $ | 2,382 |  |  | $ | (1,106 | )
General partner | (556 | ) |  | 48 |  |  | (22 | )
| $ | 1,507 |  |  | $ | 2,430 |  |  | $ | (1,128 | )
See notes to condensed financial statements. SCHEDULE I ICAHN ENTERPRISES, L.P. (Parent Company) CONDENSED STATEMENTS OF CASH FLOWS
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
| (In millions)
Cash flows from operating activities: |  |  |  |  |
Net income (loss) | $ | 1,507 |  |  | $ | 2,430 |  |  | $ | (1,128 | )
Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |
Amortization of deferred financing costs | 1 |  |  | 1 |  |  | 1 |
Loss on extinguishment of debt | — |  |  | 2 |  |  | — |
Equity in (income) loss of subsidiary | (1,844 | ) |  | (2,765 | ) |  | 839 |
Net cash used in operating activities | (336 | ) |  | (332 | ) |  | (288 | )
Cash flows from investing activities: |  |  |  |  |
Net investment in and advances from subsidiary | 433 |  |  | (204 | ) |  | 390 |
Net cash provided by (used in) investing activities | 433 |  |  | (204 | ) |  | 390 |
Cash flows from financing activities: |  |  |  |  |
Partnership distributions | (97 | ) |  | (81 | ) |  | (103 | )
Partnership contributions | — |  |  | 606 |  |  | 1 |
Proceeds from borrowings | — |  |  | 2,470 |  |  | — |
Repayments of borrowings | — |  |  | (2,450 | ) |  | — |
Debt issuance costs | — |  |  | (9 | ) |  | — |
Net cash (used in) provided by financing activities | (97 | ) |  | 536 |  |  | (102 | )
Net change in cash and cash equivalents and restricted cash and restricted cash equivalents | — |  |  | — |  |  | — |
Cash and cash equivalents and restricted cash and restricted cash equivalents, beginning of period | — |  |  | — |  |  | — |
Cash and cash equivalents and restricted cash and restricted cash equivalents, end of period | $ | — |  |  | $ | — |  |  | $ | — |
See notes to condensed financial statements. ICAHN ENTERPRISES L.P. (Parent Company) NOTES TO CONDENSED FINANCIAL STATEMENTS 1. Description of Business and Basis of Presentation. Icahn Enterprises, L.P. (“Icahn Enterprises”) is a master limited partnership formed in Delaware on February 17, 1987. We own a 99% limited partner interest in Icahn Enterprises Holdings L.P. (''Icahn Enterprises Holdings''). Icahn Enterprises Holdings and its subsidiaries own substantially all of our assets and liabilities and conduct substantially all of our operations. Icahn Enterprises G.P. Inc., our sole general partner, which is owned and controlled by Carl C. Icahn, owns a 1% general partner interest in both us and Icahn Enterprises Holdings, representing an aggregate 1.99% general partner interest in us and Icahn Enterprises Holdings. As of December 31, 2018, Icahn Enterprises is engaged in the following continuing operating businesses: Investment, Energy, Automotive, Food Packaging, Metals, Real Estate, Home Fashion and Mining. For the years ended December 31, 2018, 2017 and 2016, Icahn Enterprises received (paid) $433 million, $(204) million and $390 million, respectively, for (investments in) dividends and distributions from consolidated subsidiaries. The condensed financial statements of Icahn Enterprises should be read in conjunction with the consolidated financial statements and notes thereto included in Item 8 of this Report. 2. Debt. See Note 10, “Debt,” to the consolidated financial statements located in Item 8 of this Report. Icahn Enterprises' Parent company debt consists of the following:
| December 31,
| 2018 |  | 2017
| (in millions)
6.000% senior unsecured notes due 2020 | $ | 1,702 |  |  | $ | 1,703 |
5.875% senior unsecured notes due 2022 | 1,344 |  |  | 1,342 |
6.250% senior unsecured notes due 2022 | 1,213 |  |  | 1,216 |
6.750% senior unsecured notes due 2024 | 498 |  |  | 498 |
6.375% senior unsecured notes due 2025 | 748 |  |  | 748 |
Total debt | $ | 5,505 |  |  | $ | 5,507 |
3. Commitments and Contingencies. See Note 17, “Commitments and Contingencies,” to the consolidated financial statements.
Icahn Enterprises Holdings (Parent) |
Condensed Financial Statements, Captions [Line Items] |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | SCHEDULE I ICAHN ENTERPRISES HOLDINGS L.P. (Parent Company) CONDENSED BALANCE SHEETS
| December 31,
| 2018 |  | 2017
| (in millions)
ASSETS |  |  |
Cash and cash equivalents | $ | 30 |  |  | $ | 241 |
Restricted cash | 29 |  |  | — |
Investments | 723 |  |  | 1 |
Other assets | 60 |  |  | 84 |
Investments in subsidiaries, net | 11,355 |  |  | 10,467 |
Total Assets | $ | 12,197 |  |  | $ | 10,793 |
LIABILITIES AND EQUITY |  |  |
Accounts payable, accrued expenses and other liabilities | $ | 131 |  |  | $ | 128 |
Debt | 5,509 |  |  | 5,532 |
| 5,640 |  |  | 5,660 |
Commitments and contingencies (Note 3) |  |  |
Equity: |  |  |
Limited partner | 7,421 |  |  | 5,420 |
General partner | (864 | ) |  | (287 | )
Total equity | 6,557 |  |  | 5,133 |
Total Liabilities and Equity | $ | 12,197 |  |  | $ | 10,793 |
See notes to condensed financial statements. SCHEDULE I ICAHN ENTERPRISES HOLDINGS L.P. (Parent Company) CONDENSED STATEMENTS OF OPERATIONS
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
| (in millions)
Interest and dividend income | $ | 7 |  |  | $ | 2 |  |  | $ | 1 |
Net (loss) gain from investment activities | (389 | ) |  | — |  |  | 1 |
Gain (loss) on disposition of assets | 23 |  |  | (1 | ) |  | — |
Equity in earnings (loss) of subsidiaries | 2,225 |  |  | 2,739 |  |  | (818 | )
Other income, net | 4 |  |  | 41 |  |  | 7 |
| 1,870 |  |  | 2,781 |  |  | (809 | )
Interest expense | 337 |  |  | 324 |  |  | 290 |
Selling, general and administrative | 25 |  |  | 25 |  |  | 28 |
| 362 |  |  | 349 |  |  | 318 |
Net income (loss) | $ | 1,508 |  |  | $ | 2,432 |  |  | $ | (1,127 | )
Net income (loss) allocated to: |  |  |  |  |
Limited partner | $ | 2,085 |  |  | $ | 2,408 |  |  | $ | (1,116 | )
General partner | (577 | ) |  | 24 |  |  | (11 | )
| $ | 1,508 |  |  | $ | 2,432 |  |  | $ | (1,127 | )
See notes to condensed financial statements. SCHEDULE I ICAHN ENTERPRISES HOLDINGS L.P. (Parent Company) CONDENSED STATEMENTS OF CASH FLOWS
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
| (in millions)
Cash flows from operating activities: |  |  |  |  |
Net income (loss) | $ | 1,508 |  |  | $ | 2,432 |  |  | $ | (1,127 | )
Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |
Equity in (income) loss of subsidiary | (2,225 | ) |  | (2,739 | ) |  | 818 |
(Gain) loss on disposition of assets | (23 | ) |  | 1 |  |  | — |
Investment gains | 389 |  |  | — |  |  | (1 | )
Depreciation and amortization | 2 |  |  | 3 |  |  | 3 |
Other, net | (2 | ) |  | (39 | ) |  | 8 |
Change in operating assets and liabilities | 8 |  |  | 18 |  |  | (6 | )
Net cash used in operating activities | (343 | ) |  | (324 | ) |  | (305 | )
Cash flows from investing activities: |  |  |  |  |
Net investment in subsidiaries | 238 |  |  | 509 |  |  | 421 |
Other, net | 41 |  |  | 53 |  |  | — |
Net cash provided by investing activities | 279 |  |  | 562 |  |  | 421 |
Cash flows from financing activities: |  |  |  |  |
Partnership distributions | (97 | ) |  | (81 | ) |  | (103 | )
Partner contributions | — |  |  | 6 |  |  | 1 |
Proceeds from borrowings | — |  |  | 2,470 |  |  | — |
Repayments of borrowings | (21 | ) |  | (2,450 | ) |  | — |
Debt issuance costs | — |  |  | (7 | ) |  | — |
Net cash used in financing activities | (118 | ) |  | (62 | ) |  | (102 | )
Net change in cash and cash equivalents and restricted cash and restricted cash equivalents | (182 | ) |  | 176 |  |  | 14 |
Cash and cash equivalents and restricted cash and restricted cash equivalents, beginning of period | 241 |  |  | 65 |  |  | 51 |
Cash and cash equivalents and restricted cash and restricted cash equivalents, end of period | $ | 59 |  |  | $ | 241 |  |  | $ | 65 |
See notes to condensed financial statements. ICAHN ENTERPRISES HOLDINGS L.P. (Parent Company) NOTES TO CONDENSED FINANCIAL STATEMENTS 1. Description of Business and Basis of Presentation. Icahn Enterprises Holdings L.P. (“Icahn Enterprises Holdings”) is a limited partnership formed in Delaware on February 17, 1987. Our sole limited partner is Icahn Enterprises L.P., a master limited partnership which owns a 99% interest in us. Icahn Enterprises G.P. Inc., our sole 1% general partner, is a Delaware corporation which is owned and controlled by Carl C. Icahn. As of December 31, 2018, Icahn Enterprises Holdings is engaged in the following continuing operating businesses: Investment, Energy, Automotive, Food Packaging, Metals, Real Estate, Home Fashion and Mining. For the years ended December 31, 2018, 2017 and 2016, Icahn Enterprises Holdings received $238 million, $509 million and $421 million, respectively, in dividends and distributions from consolidated subsidiaries. The condensed financial statements of Icahn Enterprises Holdings should be read in conjunction with the consolidated financial statements and notes thereto included in Item 8 of this Report. 2. Debt. See Note 10, “Debt,” to the consolidated financial statements located in Item 8 of this Report. Icahn Enterprises Holdings' Parent company debt consists of the following:
| December 31,
| 2018 |  | 2017
| (in millions)
6.000% senior unsecured notes due 2020 | $ | 1,703 |  |  | $ | 1,704 |
5.875% senior unsecured notes due 2022 | 1,344 |  |  | 1,343 |
6.250% senior unsecured notes due 2022 | 1,214 |  |  | 1,217 |
6.750% senior unsecured notes due 2024 | 499 |  |  | 499 |
6.375% senior unsecured notes due 2025 | 749 |  |  | 749 |
Mortgages payable | — |  |  | 20 |
Total debt | $ | 5,509 |  |  | $ | 5,532 |
3. Commitments and Contingencies. See Note 17, “Commitments and Contingencies,” to the consolidated financial statements.

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | srt_CondensedFinancialStatementsCaptionsLineItems
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | srt_ConsolidatedEntitiesAxis=srt_ParentCompanyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ConsolidatedEntitiesAxis=srt_GuarantorSubsidiariesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |