XML 60 R46.htm IDEA: XBRL DOCUMENT
v3.20.4

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Income Tax Disclosure [Abstract] |
Schedule of difference between the book basis and the tax basis of our net asset | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Icahn Enterprises | ​ | Icahn Enterprises Holdings
​ | ​ | December 31, | ​ | December 31,
​ |  | 2020 |  | 2019 |  | 2020 |  | 2019
​ |  | ​ | (in millions) |  | ​ | (in millions)
Book basis of net assets | ​ | $ | 3,382 | ​ | $ | 5,456 | ​ | $ | 3,380 | ​ | $ | 5,453
Book/tax basis difference | ​ |  | (774) | ​ |  | (1,397) | ​ |  | (774) | ​ |  | (1,397)
Tax basis of net assets | ​ | $ | 2,608 | ​ | $ | 4,059 | ​ | $ | 2,606 | ​ | $ | 4,056
Schedule of income (loss) from continuing operations before income tax expense (benefit) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2020 |  | 2019 |  | 2018
​ | ​ | (in millions)
Domestic | ​ | $ | (2,586) | ​ | $ | (1,765) | ​ | $ | 235
International | ​ |  | 2 | ​ |  | 26 | ​ |  | (12)
​ | ​ | $ | (2,584) | ​ | $ | (1,739) | ​ | $ | 223
Schedule of Income tax benefit (expense) attributable to continuing operations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2020 |  | 2019 |  | 2018
​ | ​ | (in millions)
Current: | ​ | ​ |  | ​ | ​ |  | ​ | ​ |
Domestic | ​ | $ | 69 | ​ | $ | (106) | ​ | $ | (11)
International | ​ |  | (2) | ​ |  | (3) | ​ |  | (4)
Total current | ​ |  | 67 | ​ |  | (109) | ​ |  | (15)
Deferred: | ​ |  |  | ​ |  |  | ​ |  |
Domestic | ​ |  | 51 | ​ |  | 87 | ​ |  | 30
International | ​ |  | (2) | ​ |  | 2 | ​ |  | (1)
Total deferred | ​ |  | 49 | ​ |  | 89 | ​ |  | 29
​ | ​ | $ | 116 | ​ | $ | (20) | ​ | $ | 14
Schedule of reconciliation of the income tax benefit (expense) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2020 |  | 2019 |  | 2018
​ | ​ | (in millions)
Income tax benefit (expense) at U.S. statutory rate | ​ | $ | 543 | ​ | $ | 365 | ​ | $ | (47)
Tax effect from: | ​ |  |  | ​ |  |  | ​ |  |
Valuation allowance | ​ |  | (243) | ​ |  | (63) | ​ |  | (4)
Non-controlling interest | ​ |  | (6) | ​ |  | (4) | ​ |  | 26
Goodwill impairment | ​ |  | — | ​ |  | — | ​ |  | (18)
Stock dispositions | ​ |  | — | ​ |  | — | ​ |  | 69
Income not subject to taxation | ​ |  | (287) | ​ |  | (314) | ​ |  | 14
State taxes | ​ |  | 103 | ​ |  | — | ​ |  | —
Other | ​ |  | 6 | ​ |  | (4) | ​ |  | (26)
Income tax benefit (expense) | ​ | $ | 116 | ​ | $ | (20) | ​ | $ | 14
Schedule of deferred tax assets (liabilities) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ |  | 2020 |  | 2019
​ | ​ | (in millions)
Deferred tax assets: |  | ​ |  | ​ | ​ |
Property, plant and equipment | ​ | $ | 17 | ​ | $ | 17
Net operating loss | ​ |  | 996 | ​ |  | 791
Tax credits | ​ |  | 60 | ​ |  | 29
Capital loss | ​ |  | 358 | ​ |  | 155
Leases | ​ |  | 141 | ​ |  | 133
Other | ​ |  | 119 | ​ |  | 71
Total deferred tax assets | ​ |  | 1,691 | ​ |  | 1,196
Less: Valuation allowance | ​ |  | (1,026) | ​ |  | (619)
Net deferred tax assets | ​ | $ | 665 | ​ | $ | 577
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax liabilities: | ​ |  |  | ​ |  |
Property, plant and equipment | ​ | $ | (121) | ​ | $ | (125)
Intangible assets | ​ |  | (84) | ​ |  | (37)
Investment in partnerships | ​ |  | (657) | ​ |  | (652)
Investment in U.S. subsidiaries | ​ |  | (184) | ​ |  | (184)
Leases | ​ |  | (135) | ​ |  | (125)
Other | ​ |  | (46) | ​ |  | (61)
Total deferred tax liabilities | ​ |  | (1,227) | ​ |  | (1,184)
​ | ​ | $ | (562) | ​ | $ | (607)
Schedule of unrecognized tax benefits | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2020 |  | 2019 |  | 2018
​ | ​ | (in millions)
Balance at January 1 | ​ | $ | 33 | ​ | $ | 34 | ​ | $ | 34
Addition based on tax positions related to the current year | ​ |  | 1 | ​ |  | 2 | ​ |  | —
Increase for tax positions of prior years | ​ |  | 6 | ​ |  | — | ​ |  | 6
Decrease for tax positions of prior years | ​ |  | (2) | ​ |  | — | ​ |  | —
Decrease for statute of limitation expiration | ​ |  | (3) | ​ |  | (3) | ​ |  | (6)
Balance at December 31 | ​ | $ | 35 | ​ | $ | 33 | ​ | $ | 34

X
- Definition Difference in book basis and tax basis of net assets not subject to income taxes [Table Text Block] + References No definition available. + Details
Name: | iep_DifferenceInBookBasisAndTaxBasisOfNetAssetsNotSubjectToIncomeTaxesTableTextBlock
Namespace Prefix: | iep_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits, excluding amounts pertaining to examined tax returns. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration