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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Net sales $ 2,484 $ 2,815 $ 7,371 $ 7,998
Other revenues from operations 170 166 504 491
Net (loss) gain from investment activities (657) (514) (1,968) 328
Interest and dividend income 69 36 192 98
Gain on disposition of assets, net 249 65 256 65
Other income (loss), net 5 1 16 (5)
Total Revenues 2,320 2,569 6,371 8,975
Expenses:        
Cost of goods sold 2,069 2,372 6,098 6,786
Other expenses from operations 141 138 409 397
Selling, general and administrative 352 329 1,027 1,012
Restructuring, net 4 17 15 20
Impairment 0 0 1 3
Interest expense 153 125 443 391
Total Expenses 2,719 2,981 7,993 8,609
(Loss) income from continuing operations before income tax benefit (399) (412) (1,622) 366
Income tax benefit 26 78 12 77
(Loss) income from continuing operations (373) (334) (1,610) 443
Income (loss) from discontinued operations 0 176 (24) 388
Net (loss) income (373) (158) (1,634) 831
Less: net (loss) income attributable to non-controlling interests (324) (276) (693) 279
Net (loss) income attributable to Icahn Enterprises (49) 118 (941) 552
Net (loss) income attributable to Icahn Enterprises allocated to:        
Continuing operations (49) (45) (917) 201
Discontinued operations 0 163 (24) 351
Limited partners (48) 116 (922) 541
General partner (1) 2 (19) 11
Net (loss) income attributable to Icahn Enterprises $ (49) $ 118 $ (941) $ 552
Basic income (loss) per LP unit        
Continuing operations $ (0.24) $ (0.24) $ (4.56) $ 1.11
Discontinued operations 0 0.88 (0.12) 1.93
Basic income (loss) per LP unit $ (0.24) $ 0.64 $ (4.68) $ 3.04
Basic weighted average LP units outstanding 202 183 197 178
Diluted income (loss) per LP unit        
Continuing operations $ (0.24) $ (0.24) $ (4.56) $ 1.11
Discontinued operations 0.00 0.88 (0.12) 1.93
Diluted income (loss) per LP unit $ (0.24) $ 0.64 $ (4.68) $ 3.04
Diluted weighted average LP units outstanding 202 183 197 178
Cash distributions declared per LP unit $ 2.00 $ 1.75 $ 6.00 $ 5.25
Icahn Enterprises Holdings        
Revenues:        
Net sales $ 2,484 $ 2,815 $ 7,371 $ 7,998
Other revenues from operations 170 166 504 491
Net (loss) gain from investment activities (657) (514) (1,968) 328
Interest and dividend income 69 36 192 98
Gain on disposition of assets, net 249 65 256 65
Other income (loss), net 5 1 16 (5)
Total Revenues 2,320 2,569 6,371 8,975
Expenses:        
Cost of goods sold 2,069 2,372 6,098 6,786
Other expenses from operations 141 138 409 397
Selling, general and administrative 352 329 1,027 1,012
Restructuring, net 4 17 15 20
Impairment 0 0 1 3
Interest expense 153 125 442 390
Total Expenses 2,719 2,981 7,992 8,608
(Loss) income from continuing operations before income tax benefit (399) (412) (1,621) 367
Income tax benefit 26 78 12 77
(Loss) income from continuing operations (373) (334) (1,609) 444
Income (loss) from discontinued operations 0 176 (24) 388
Net (loss) income (373) (158) (1,633) 832
Less: net (loss) income attributable to non-controlling interests (324) (276) (693) 279
Net (loss) income attributable to Icahn Enterprises (49) 118 (940) 553
Net (loss) income attributable to Icahn Enterprises allocated to:        
Continuing operations (49) (45) (916) 202
Discontinued operations 0 163 (24) 351
Limited partners (49) 116 (931) 547
General partner 0 2 (9) 6
Net (loss) income attributable to Icahn Enterprises $ (49) $ 118 $ (940) $ 553