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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Data (Unaudited) [Abstract] |
Quarterly Financial Information | Quarterly Financial Data (Unaudited). Unaudited quarterly financial data for Icahn Enterprises is presented below:
| For the Three Months Ended |  |  |  |  |  |  |  |  |  |  |  |  |  |
| March 31, |  |  |  | June 30, |  |  |  | September 30, |  |  |  | December 31, |  |
| 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018
| (in millions, except per unit data) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 2,300 |  |  | $ | 2,364 |  |  | $ | 2,588 |  |  | $ | 2,819 |  |  | $ | 2,484 |  |  | $ | 2,815 |  |  | $ | 2,349 |  |  | $ | 2,578 |
Gross margin on net sales | 400 |  |  | 377 |  |  | 459 |  |  | 392 |  |  | 415 |  |  | 443 |  |  | 235 |  |  | 362 |
Total revenues | 1,855 |  |  | 2,983 |  |  | 2,196 |  |  | 3,423 |  |  | 2,320 |  |  | 2,569 |  |  | 2,621 |  |  | 2,802 |
Income (loss) from continuing operations | (664) |  |  | 367 |  |  | (573) |  |  | 410 |  |  | (373) |  |  | (334) |  |  | (149) |  |  | (206) |
Income (loss) from discontinued operations | — |  |  | 45 |  |  | (24) |  |  | 167 |  |  | — |  |  | 176 |  |  | (8) |  |  | 1,376 |
Net income (loss) | (664) |  |  | 412 |  |  | (597) |  |  | 577 |  |  | (373) |  |  | (158) |  |  | (157) |  |  | 1,170 |
Net loss (income) attributable to non-controlling interests | (270) |  |  | 280 |  |  | (99) |  |  | 275 |  |  | (324) |  |  | (276) |  |  | — |  |  | 240 |
Net income (loss) attributable to Icahn Enterprises | $ | (394) |  |  | $ | 132 |  |  | $ | (498) |  |  | $ | 302 |  |  | $ | (49) |  |  | $ | 118 |  |  | $ | (157) |  |  | $ | 930 |
Basic income (loss) per LP unit: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations | $ | (2.02) |  |  | $ | 0.55 |  |  | $ | (2.37) |  |  | $ | 0.81 |  |  | $ | (0.24) |  |  | $ | (0.24) |  |  | $ | (0.70) |  |  | $ | (2.30) |
Discontinued operations | 0.00 |  |  | 0.19 |  |  | (0.12) |  |  | 0.85 |  |  | 0.00 |  |  | 0.88 |  |  | (0.04) |  |  | 10.31 |
| $ | (2.02) |  |  | $ | 0.74 |  |  | $ | (2.49) |  |  | $ | 1.66 |  |  | $ | (0.24) |  |  | $ | 0.64 |  |  | $ | (0.74) |  |  | $ | 8.01 |
Diluted income (loss) per LP unit: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations | $ | (2.02) |  |  | $ | 0.55 |  |  | $ | (2.37) |  |  | $ | 0.81 |  |  | $ | (0.24) |  |  | $ | (0.24) |  |  | $ | (0.70) |  |  | $ | (2.30) |
Discontinued operations | 0.00 |  |  | 0.19 |  |  | (0.12) |  |  | 0.85 |  |  | 0.00 |  |  | 0.88 |  |  | (0.04) |  |  | 10.31 |
| $ | (2.02) |  |  | $ | 0.74 |  |  | $ | (2.49) |  |  | $ | 1.66 |  |  | $ | (0.24) |  |  | $ | 0.64 |  |  | $ | (0.74) |  |  | $ | 8.01 |
The comparability of our unaudited quarterly financial data is affected by, among other things, (i) the performance of the Investment Funds, (ii) our Holding Company’s realized and unrealized equity investment gains and losses, (iii) the results of our Energy segment’s operations, impacted by the relationship of its refined product prices and prices for crude oil and other feedstocks and (iv) gains on dispositions of assets, primarily in our Mining segment in the third quarter of 2019. In addition, in connection with our sales of Federal-Mogul, Tropicana and ARI, we recorded aggregate pre-tax gains on the sales of discontinued operations of approximately $1.4 billion in the fourth quarter of 2018.

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- Definition Quarterly Financial Data (Unaudited) [Abstract] + References No definition available. + Details
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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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