XML 42 R32.htm IDEA: XBRL DOCUMENT
v3.20.2

Financial Instruments (Tables) - Investment Segment | 6 Months Ended
--- | ---
Jun. 30, 2020
Derivative [Line Items] |
Notional exposure of derivative instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2020 | ​ | December 31, 2019
​ |  | Long Notional Exposure |  | Short Notional Exposure |  | Long Notional Exposure |  | Short Notional Exposure
​ | ​ | ​ | (in millions)
Primary underlying risk: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity contracts | ​ | $ | 873 | ​ | $ | 10,065 | ​ | $ | 806 | ​ | $ | 13,113
Credit contracts(1) |  | ​ | — |  | ​ | 2,440 | ​ | ​ | — | ​ | ​ | 622
(1) | The short notional amount on our credit default swap positions was approximately $6.3 billion at June 30, 2020. However, because credit spreads cannot compress below zero, our downside short notional exposure to loss is approximately $2.4 billion as of June 30, 2020. The short notional amount on our credit default swap positions was approximately $4.7 billion as of December 31, 2019. However, because credit spreads cannot compress below zero, our downside short notional exposure to loss is $622 million as of December 31, 2019.
Fair value and income recognized for derivatives not designated as hedging instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Asset Derivatives | ​ | Liability Derivatives
​ |  | June 30, 2020 |  | December 31, 2019 |  | June 30, 2020 |  | December 31, 2019
​ | ​ | ​ | (in millions)
Equity contracts | ​ | $ | 617 | ​ | $ | 291 | ​ | $ | 156 | ​ | $ | 1,058
Credit contracts | ​ |  | 1,318 | ​ |  | — | ​ |  | — | ​ |  | 266
Sub-total | ​ |  | 1,935 | ​ |  | 291 | ​ |  | 156 | ​ |  | 1,324
Netting across contract types(1) | ​ |  | (14) | ​ |  | (109) | ​ |  | (14) | ​ |  | (109)
Total(1) | ​ | $ | 1,921 | ​ | $ | 182 | ​ | $ | 142 | ​ | $ | 1,215
(1) | Excludes netting of cash collateral received and posted. The total collateral posted at June 30, 2020 and December 31, 2019 was $349 million and $903 million, respectively, across all counterparties, which are included in cash held at consolidated affiliated partnerships and restricted cash in the condensed consolidated balance sheets.
The following table presents the amount of gain (loss) recognized in the condensed consolidated statements of operations for our Investment segment’s derivatives not designated as hedging instruments:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Gain (Loss) Recognized in Income(1)
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
​ |  | 2020 |  | 2019 |  | 2020 |  | 2019
​ |  | (in millions)
Equity contracts | ​ | $ | (1,697) | ​ | $ | (150) | ​ | $ | (229) | ​ | $ | (1,251)
Credit contracts | ​ |  | 584 | ​ |  | (68) | ​ |  | 1,390 | ​ |  | (132)
Commodity contracts | ​ |  | — | ​ |  | 5 | ​ |  | — | ​ |  | (9)
​ | ​ | $ | (1,113) | ​ | $ | (213) | ​ | $ | 1,161 | ​ | $ | (1,392)
(1) | Gains (losses) recognized on derivatives are classified in net gain (loss) from investment activities in our condensed consolidated statements of operations for our Investment segment.

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: | us-gaap_DerivativeLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5579245-113959 + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4CC -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL109998890-113959 + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=iep_InvestmentSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |