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Discontinued Operations (Notes) | 6 Months Ended
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Jun. 30, 2019
Discontinued Operations [Abstract] |
Discontinued Operations | Discontinued Operations. Income from discontinued operations is summarized as follows:
| Three Months Ended June 30, 2018
| Federal-Mogul |  | Tropicana |  | ARI |  | Total
Revenues: | (in millions)
Net sales | $ | 2,047 |  |  | $ | — |  |  | $ | 90 |  |  | $ | 2,137 |
Other revenues from operations | — |  |  | 227 |  |  | 57 |  |  | 284 |
Net loss on investment activities | — |  |  | — |  |  | (1 | ) |  | (1 | )
Interest and dividend income | — |  |  | — |  |  | 1 |  |  | 1 |
Other income (loss), net | 1 |  |  | (1 | ) |  | 1 |  |  | 1 |
| 2,048 |  |  | 226 |  |  | 148 |  |  | 2,422 |
Expenses: |  |  |  |  |  |  |
Cost of goods sold | 1,672 |  |  | — |  |  | 84 |  |  | 1,756 |
Other expenses from operations | — |  |  | 104 |  |  | 31 |  |  | 135 |
Selling, general and administrative | 196 |  |  | 71 |  |  | 10 |  |  | 277 |
Restructuring, net | (2 | ) |  | — |  |  | — |  |  | (2 | )
Impairment | 2 |  |  | — |  |  | 4 |  |  | 6 |
Interest expense | 48 |  |  | 2 |  |  | 6 |  |  | 56 |
| 1,916 |  |  | 177 |  |  | 135 |  |  | 2,228 |
Income from discontinued operations before income tax expense | 132 |  |  | 49 |  |  | 13 |  |  | 194 |
Income tax expense | (18 | ) |  | (7 | ) |  | (2 | ) |  | (27 | )
Income from discontinued operations | 114 |  |  | 42 |  |  | 11 |  |  | 167 |
Less: income from discontinued operations attributable to non-controlling interests | 3 |  |  | 7 |  |  | 3 |  |  | 13 |
Income from discontinued operations attributable to Icahn Enterprises | $ | 111 |  |  | $ | 35 |  |  | $ | 8 |  |  | $ | 154 |
Supplemental information: |  |  |  |  |  |  |
Capital expenditures | $ | 97 |  |  | $ | 20 |  |  | $ | 5 |  |  | $ | 122 |
Depreciation and amortization | $ | — |  |  | $ | — |  |  | $ | 16 |  |  | $ | 16 |
| Six Months Ended June 30, 2018
| Federal-Mogul |  | Tropicana |  | ARI |  | Total
Revenues: | (in millions)
Net sales | $ | 4,103 |  |  | $ | — |  |  | $ | 154 |  |  | $ | 4,257 |
Other revenues from operations | — |  |  | 446 |  |  | 109 |  |  | 555 |
Net gain on investment activities | — |  |  | — |  |  | — |  |  | — |
Interest and dividend income | 1 |  |  | 1 |  |  | 1 |  |  | 3 |
Other income (loss), net | 9 |  |  | (1 | ) |  | 2 |  |  | 10 |
| 4,113 |  |  | 446 |  |  | 266 |  |  | 4,825 |
Expenses: |  |  |  |  |  |  |
Cost of goods sold | 3,437 |  |  | — |  |  | 142 |  |  | 3,579 |
Other expenses from operations | — |  |  | 206 |  |  | 60 |  |  | 266 |
Selling, general and administrative | 416 |  |  | 160 |  |  | 19 |  |  | 595 |
Restructuring, net | (2 | ) |  | — |  |  | — |  |  | (2 | )
Impairment | 2 |  |  | — |  |  | 4 |  |  | 6 |
Interest expense | 92 |  |  | 3 |  |  | 11 |  |  | 106 |
| 3,945 |  |  | 369 |  |  | 236 |  |  | 4,550 |
Income from discontinued operations before income tax expense | 168 |  |  | 77 |  |  | 30 |  |  | 275 |
Income tax expense | (41 | ) |  | (14 | ) |  | (8 | ) |  | (63 | )
Income from discontinued operations | 127 |  |  | 63 |  |  | 22 |  |  | 212 |
Less: income from discontinued operations attributable to non-controlling interests | 6 |  |  | 10 |  |  | 8 |  |  | 24 |
Income from discontinued operations attributable to Icahn Enterprises | $ | 121 |  |  | $ | 53 |  |  | $ | 14 |  |  | $ | 188 |
Supplemental information: |  |  |  |  |  |  |
Capital expenditures | $ | 215 |  |  | $ | 41 |  |  | $ | 24 |  |  | $ | 280 |
Depreciation and amortization | $ | 100 |  |  | $ | 19 |  |  | $ | 31 |  |  | $ | 150 |

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- 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
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