XML 62 R62.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Statement of Operations By Reporting Segment (Details) - USD ($)
$ in Millions
1 Months Ended 3 Months Ended 9 Months Ended
Aug. 31, 2018
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)
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
Expenses   2,719 2,981 7,993 8,609
Income (loss) from continuing operations before income tax benefit (expense)   (399) (412) (1,622) 366
Income tax benefit   26 78 12 77
(Loss) income from continuing operations   (373) (334) (1,610) 443
Less: net income (loss) attributable to non-controlling interests   (324) (289) (693) 242
Net (loss) income attributable to Icahn Enterprises from continuing operations   (49) (45) (917) 201
Supplemental information:          
Capital expenditures   63 67 195 193
Depreciation and amortization   129 125 389 383
Investment Segment          
Revenues:          
Net sales   0 0 0 0
Other revenues from operations   0 0 0 0
Net (loss) gain from investment activities   (699) (549) (1,619) 233
Interest and dividend income   50 27 132 73
Gain on disposition of assets, net   0 0 0 0
Other income (loss), net   0 0 (1) (1)
Revenues   (649) (522) (1,488) 305
Expenses:          
Cost of goods sold   0 0 0 0
Other expenses from operations   0 0 0 0
Selling, general and administrative   5 4 10 6
Restructuring, net   0 0 0 0
Impairment       0 0
Interest expense   27 6 66 33
Expenses   32 10 76 39
Income (loss) from continuing operations before income tax benefit (expense)   (681) (532) (1,564) 266
Income tax benefit   0 0 0 0
(Loss) income from continuing operations   (681) (532) (1,564) 266
Less: net income (loss) attributable to non-controlling interests   (339) (326) (779) 154
Net (loss) income attributable to Icahn Enterprises from continuing operations   (342) (206) (785) 112
Supplemental information:          
Capital expenditures   0 0 0 0
Depreciation and amortization   0 0 0 0
Energy Segment          
Revenues:          
Net sales   1,622 1,935 4,794 5,386
Other revenues from operations   0 0 0 0
Net (loss) gain from investment activities   0 0 0 0
Interest and dividend income   1 0 3 1
Gain on disposition of assets, net   (3) 0 5 (5)
Other income (loss), net   5 3 10 6
Revenues   1,625 1,938 4,812 5,388
Expenses:          
Cost of goods sold   1,440 1,751 4,229 4,914
Other expenses from operations   0 0 0 0
Selling, general and administrative   36 31 107 102
Restructuring, net   0 4 0 4
Impairment       0 0
Interest expense   27 26 80 80
Expenses   1,503 1,812 4,416 5,100
Income (loss) from continuing operations before income tax benefit (expense)   122 126 396 288
Income tax benefit   (30) (28) (98) (52)
(Loss) income from continuing operations   92 98 298 236
Less: net income (loss) attributable to non-controlling interests   13 40 77 93
Net (loss) income attributable to Icahn Enterprises from continuing operations   79 58 221 143
Supplemental information:          
Capital expenditures   30 25 85 68
Depreciation and amortization   88 83 265 252
Automotive Segment          
Revenues:          
Net sales   596 591 1,736 1,732
Other revenues from operations   148 144 445 426
Net (loss) gain from investment activities   0 0 0 0
Interest and dividend income   0 0 0 0
Gain on disposition of assets, net   0 0 (2) 0
Other income (loss), net   5 (2) 12 (2)
Revenues   749 733 2,191 2,156
Expenses:          
Cost of goods sold   409 372 1,190 1,116
Other expenses from operations   125 124 368 355
Selling, general and administrative   271 253 779 769
Restructuring, net   1 4 3 4
Impairment       0 3
Interest expense   5 4 15 12
Expenses   811 757 2,355 2,259
Income (loss) from continuing operations before income tax benefit (expense)   (62) (24) (164) (103)
Income tax benefit   14 11 36 38
(Loss) income from continuing operations   (48) (13) (128) (65)
Less: net income (loss) attributable to non-controlling interests   0 0 0 0
Net (loss) income attributable to Icahn Enterprises from continuing operations   (48) (13) (128) (65)
Supplemental information:          
Capital expenditures   20 16 42 53
Depreciation and amortization   25 23 73 72
Food Packaging Segment          
Revenues:          
Net sales   98 98 290 299
Other revenues from operations   0 0 0 0
Net (loss) gain from investment activities   0 0 0 0
Interest and dividend income   0 1 0 1
Gain on disposition of assets, net   0 0 0 0
Other income (loss), net   (6) (2) (8) (15)
Revenues   92 97 282 285
Expenses:          
Cost of goods sold   80 77 230 234
Other expenses from operations   0 0 0 0
Selling, general and administrative   15 14 44 44
Restructuring, net   2 10 9 10
Impairment       1 0
Interest expense   3 5 12 12
Expenses   100 106 296 300
Income (loss) from continuing operations before income tax benefit (expense)   (8) (9) (14) (15)
Income tax benefit   (4) (2) (2) 0
(Loss) income from continuing operations   (12) (11) (16) (15)
Less: net income (loss) attributable to non-controlling interests   (2) (2) (3) (3)
Net (loss) income attributable to Icahn Enterprises from continuing operations   (10) (9) (13) (12)
Supplemental information:          
Capital expenditures   2 6 12 17
Depreciation and amortization   5 6 19 19
Metals Segment          
Revenues:          
Net sales   82 120 270 370
Other revenues from operations   0 0 0 0
Net (loss) gain from investment activities   0 0 0 0
Interest and dividend income   0 0 0 0
Gain on disposition of assets, net   0 0 1 0
Other income (loss), net   0 1 0 1
Revenues   82 121 271 371
Expenses:          
Cost of goods sold   84 115 269 349
Other expenses from operations   0 0 0 0
Selling, general and administrative   3 5 11 14
Restructuring, net   1 0 3 0
Impairment       0 0
Interest expense   1 0 1 0
Expenses   89 120 284 363
Income (loss) from continuing operations before income tax benefit (expense)   (7) 1 (13) 8
Income tax benefit   0 0 0 0
(Loss) income from continuing operations   (7) 1 (13) 8
Less: net income (loss) attributable to non-controlling interests   0 0 0 0
Net (loss) income attributable to Icahn Enterprises from continuing operations   (7) 1 (13) 8
Supplemental information:          
Capital expenditures   3 8 20 10
Depreciation and amortization   5 4 14 13
Real Estate Segment          
Revenues:          
Net sales   6 7 17 14
Other revenues from operations   22 22 59 65
Net (loss) gain from investment activities   0 0 0 0
Interest and dividend income   1 5 1 15
Gain on disposition of assets, net $ 67 0 67 0 67
Other income (loss), net   0 0 2 0
Revenues   29 101 79 161
Expenses:          
Cost of goods sold   5 6 14 11
Other expenses from operations   16 14 41 41
Selling, general and administrative   4 2 16 15
Restructuring, net   0 0 0 0
Impairment       0 0
Interest expense   0 0 0 1
Expenses   25 22 71 68
Income (loss) from continuing operations before income tax benefit (expense)   4 79 8 93
Income tax benefit   0 (6) 1 (6)
(Loss) income from continuing operations   4 73 9 87
Less: net income (loss) attributable to non-controlling interests   0 0 0 0
Net (loss) income attributable to Icahn Enterprises from continuing operations   4 73 9 87
Supplemental information:          
Capital expenditures   2 2 18 9
Depreciation and amortization   4 5 13 15
Home Fashion Segment          
Revenues:          
Net sales   51 38 134 125
Other revenues from operations   0 0 0 0
Net (loss) gain from investment activities   0 0 0 0
Interest and dividend income   0 0 0 0
Gain on disposition of assets, net   0 0 0 0
Other income (loss), net   0 0 0 1
Revenues   51 38 134 126
Expenses:          
Cost of goods sold   43 33 115 108
Other expenses from operations   0 0 0 0
Selling, general and administrative   12 8 31 26
Restructuring, net   0 (1) 0 2
Impairment       0 0
Interest expense   1 0 1 0
Expenses   56 40 147 136
Income (loss) from continuing operations before income tax benefit (expense)   (5) (2) (13) (10)
Income tax benefit   0 0 0 0
(Loss) income from continuing operations   (5) (2) (13) (10)
Less: net income (loss) attributable to non-controlling interests   0 0 0 0
Net (loss) income attributable to Icahn Enterprises from continuing operations   (5) (2) (13) (10)
Supplemental information:          
Capital expenditures   2 1 4 4
Depreciation and amortization   2 2 5 6
Mining Segment          
Revenues:          
Net sales   29 26 130 72
Other revenues from operations   0 0 0 0
Net (loss) gain from investment activities   0 0 0 0
Interest and dividend income   0 1 1 1
Gain on disposition of assets, net   252 (2) 252 (2)
Other income (loss), net   (1) 2 (1) 7
Revenues   280 27 382 78
Expenses:          
Cost of goods sold   8 18 51 54
Other expenses from operations   0 0 0 0
Selling, general and administrative   2 6 15 18
Restructuring, net   0 0 0 0
Impairment       0 0
Interest expense   1 0 4 2
Expenses   11 24 70 74
Income (loss) from continuing operations before income tax benefit (expense)   269 3 312 4
Income tax benefit   1 0 (1) (2)
(Loss) income from continuing operations   270 3 311 2
Less: net income (loss) attributable to non-controlling interests   4 0 12 (1)
Net (loss) income attributable to Icahn Enterprises from continuing operations   266 3 299 3
Supplemental information:          
Capital expenditures   4 9 14 32
Depreciation and amortization   0 2 0 6
Railcar Segment          
Revenues:          
Net sales         0
Other revenues from operations         0
Net (loss) gain from investment activities         0
Interest and dividend income         0
Gain on disposition of assets, net         5
Other income (loss), net         0
Revenues         5
Expenses:          
Cost of goods sold         0
Other expenses from operations         1
Selling, general and administrative         1
Restructuring, net         0
Impairment         0
Interest expense         0
Expenses         2
Income (loss) from continuing operations before income tax benefit (expense)         3
Income tax benefit         (2)
(Loss) income from continuing operations         1
Less: net income (loss) attributable to non-controlling interests         0
Net (loss) income attributable to Icahn Enterprises from continuing operations         1
Supplemental information:          
Capital expenditures         0
Depreciation and amortization         0
Holding Company          
Revenues:          
Net sales   0 0 0 0
Other revenues from operations   0 0 0 0
Net (loss) gain from investment activities   42 35 (349) 95
Interest and dividend income   17 2 55 7
Gain on disposition of assets, net   0 0 0 0
Other income (loss), net   2 (1) 2 (2)
Revenues   61 36 (292) 100
Expenses:          
Cost of goods sold   0 0 0 0
Other expenses from operations   0 0 0 0
Selling, general and administrative   4 6 14 17
Restructuring, net   0 0 0 0
Impairment       0 0
Interest expense   88 84 264 251
Expenses   92 90 278 268
Income (loss) from continuing operations before income tax benefit (expense)   (31) (54) (570) (168)
Income tax benefit   45 103 76 101
(Loss) income from continuing operations   14 49 (494) (67)
Less: net income (loss) attributable to non-controlling interests   0 (1) 0 (1)
Net (loss) income attributable to Icahn Enterprises from continuing operations   14 50 (494) (66)
Supplemental information:          
Capital expenditures   0 0 0 0
Depreciation and amortization   $ 0 $ 0 $ 0 $ 0