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Schedule I | 12 Months Ended
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Dec. 31, 2020
Icahn Enterprises (Parent) |
Condensed Financial Statements, Captions [Line Items] |
Condensed financial information of parent company | SCHEDULE I ICAHN ENTERPRISES, L.P. (Parent Company) CONDENSED BALANCE SHEETS
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ |  | 2020 |  | 2019
​ | ​ | (In millions, except unit amounts)
ASSETS | ​ | ​ |  | ​ | ​ |
Investments in subsidiaries, net | ​ | $ | 9,273 | ​ | $ | 11,853
Total Assets | ​ | $ | 9,273 | ​ | $ | 11,853
​ | ​ | ​ | ​ | ​ | ​ | ​
LIABILITIES AND EQUITY | ​ |  |  | ​ |  |
Accrued expenses and other liabilities | ​ | $ | 80 | ​ | $ | 100
Debt | ​ |  | 5,811 | ​ |  | 6,297
​ | ​ |  | 5,891 | ​ |  | 6,397
​ | ​ | ​ | ​ | ​ | ​ | ​
Commitments and contingencies (Note 3) | ​ |  |  | ​ |  |
​ | ​ | ​ | ​ | ​ | ​ | ​
Equity: | ​ |  |  | ​ |  |
Limited partners: Depositary units: 241,338,835 units issued and outstanding at December 31, 2020 and 214,078,558 units issued and outstanding at December 31, 2019 | ​ |  | 4,235 | ​ |  | 6,268
General partner | ​ |  | (853) | ​ |  | (812)
Total equity | ​ |  | 3,382 | ​ |  | 5,456
Total Liabilities and Equity | ​ | $ | 9,273 | ​ | $ | 11,853
​ See notes to condensed financial statements. SCHEDULE I ICAHN ENTERPRISES, L.P. (Parent Company) CONDENSED STATEMENTS OF OPERATIONS
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2020 |  | 2019 |  | 2018
​ | ​ | (In millions)
Interest expense | ​ | $ | (342) | ​ | $ | (350) | ​ | $ | (337)
Gain (loss) on extinguishment of debt | ​ |  | (4) | ​ |  | 2 | ​ |  | —
Equity in (loss) income of subsidiaries | ​ |  | (1,307) | ​ |  | (750) | ​ |  | 1,819
Net (loss) income | ​ | $ | (1,653) | ​ | $ | (1,098) | ​ | $ | 1,482
Net (loss) income allocated to: | ​ |  |  | ​ |  |  | ​ |  |
Limited partners | ​ | $ | (1,620) | ​ | $ | (1,076) | ​ | $ | 2,039
General partner | ​ |  | (33) | ​ |  | (22) | ​ |  | (557)
​ | ​ | $ | (1,653) | ​ | $ | (1,098) | ​ | $ | 1,482
​ See notes to condensed financial statements. SCHEDULE I ICAHN ENTERPRISES, L.P. (Parent Company) CONDENSED STATEMENTS OF CASH FLOWS
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2020 |  | 2019 |  | 2018
​ | ​ | (In millions)
Cash flows from operating activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net (loss) income | ​ | $ | (1,653) | ​ | $ | (1,098) | ​ | $ | 1,482
Adjustments to reconcile net (loss) income to net cash used in operating activities: | ​ |  |  | ​ |  |  | ​ |  |
Equity in loss (income) of subsidiary | ​ |  | 1,307 | ​ |  | 750 | ​ |  | (1,819)
Loss (gain) on extinguishment of debt | ​ |  | 4 | ​ |  | (2) | ​ |  | —
Other, net | ​ |  | (23) | ​ |  | (25) | ​ |  | 1
Net cash used in operating activities | ​ |  | (365) | ​ |  | (375) | ​ |  | (336)
Cash flows from investing activities: | ​ |  |  | ​ |  |  | ​ |  |
Net investment in and advances from subsidiaries | ​ |  | 1,276 | ​ |  | (363) | ​ |  | 433
Net cash provided by (used in) investing activities | ​ |  | 1,276 | ​ |  | (363) | ​ |  | 433
Cash flows from financing activities: | ​ |  |  | ​ |  |  | ​ |  |
Partnership distributions | ​ |  | (526) | ​ |  | (112) | ​ |  | (97)
Partnership contributions | ​ |  | 102 | ​ |  | 55 | ​ |  | —
Proceeds from borrowings | ​ |  | 866 | ​ |  | 2,507 | ​ |  | —
Repayments of borrowings | ​ |  | (1,350) | ​ |  | (1,700) | ​ |  | —
Debt issuance costs and other | ​ |  | (3) | ​ |  | (12) | ​ |  | —
Net cash (used in) provided by financing activities | ​ |  | (911) | ​ |  | 738 | ​ |  | (97)
Net change in cash and cash equivalents and restricted cash and restricted cash equivalents | ​ |  | — | ​ |  | — | ​ |  | —
Cash and cash equivalents and restricted cash and restricted cash equivalents, beginning of period | ​ |  | — | ​ |  | — | ​ |  | —
Cash and cash equivalents and restricted cash and restricted cash equivalents, end of period | ​ | $ | — | ​ | $ | — | ​ | $ | —
​ See notes to condensed financial statements. SCHEDULE I ICAHN ENTERPRISES L.P. (Parent Company) NOTES TO CONDENSED FINANCIAL STATEMENTS 1. Description of Business and Basis of Presentation Icahn Enterprises, L.P. (“Icahn Enterprises”) is a master limited partnership formed in Delaware on February 17, 1987. We own a 99% limited partner interest in Icahn Enterprises Holdings L.P. (“Icahn Enterprises Holdings”). Icahn Enterprises Holdings and its subsidiaries own substantially all of our assets and liabilities and conduct substantially all of our operations. Icahn Enterprises G.P. Inc., our sole general partner, which is owned and controlled by Carl C. Icahn, owns a 1% general partner interest in both us and Icahn Enterprises Holdings, representing an aggregate 1.99% general partner interest in us and Icahn Enterprises Holdings. As of December 31, 2020, Icahn Enterprises is engaged in the following continuing operating businesses: Investment, Energy, Automotive, Food Packaging, Metals, Real Estate, Home Fashion and, as of December 2020, Pharma. For the years ended December 31, 2020, 2019 and 2018, Icahn Enterprises received (paid) $1,276 million, $(363) million and $433 million, respectively, for net investment in and advances from subsidiaries. The condensed financial statements of Icahn Enterprises should be read in conjunction with the consolidated financial statements and notes thereto included in Item 8 of this Report. 2. Debt See Note 11, “Debt,” to the consolidated financial statements located in Item 8 of this Report. Icahn Enterprises’ Parent company debt consists of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ |  | 2020 |  | 2019
​ | ​ | (in millions)
5.875% senior unsecured notes due 2022 | ​ | $ | — | ​ | $ | 1,345
6.250% senior unsecured notes due 2022 | ​ |  | 1,209 | ​ |  | 1,211
6.750% senior unsecured notes due 2024 | ​ |  | 499 | ​ |  | 498
4.750% senior unsecured notes due 2024 | ​ |  | 1,106 | ​ |  | 498
6.375% senior unsecured notes due 2025 | ​ |  | 748 | ​ |  | 748
6.250% senior unsecured notes due 2026 | ​ |  | 1,250 | ​ |  | 1,250
5.250% senior unsecured notes due 2027 | ​ |  | 999 | ​ |  | 747
Total debt | ​ | $ | 5,811 | ​ | $ | 6,297
​ 3. Commitments and Contingencies See Note 18, “Commitments and Contingencies,” to the consolidated financial statements.
Icahn Enterprises Holdings (Parent) |
Condensed Financial Statements, Captions [Line Items] |
Condensed financial information of parent company | SCHEDULE I ICAHN ENTERPRISES HOLDINGS L.P. (Parent Company) ​ CONDENSED BALANCE SHEETS
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ |  | 2020 |  | 2019
​ | ​ | (in millions)
ASSETS | ​ | ​ |  | ​ | ​ |
Cash and cash equivalents | ​ | $ | 868 | ​ | $ | 1,042
Restricted cash | ​ |  | 11 | ​ |  | 7
Investments | ​ |  | 260 | ​ |  | 346
Investments in subsidiaries, net | ​ |  | 8,148 | ​ |  | 10,474
Total Assets | ​ | $ | 9,287 | ​ | $ | 11,869
LIABILITIES AND EQUITY | ​ |  |  | ​ |  |
Accounts payable, accrued expenses and other liabilities | ​ | $ | 94 | ​ | $ | 116
Debt | ​ |  | 5,813 | ​ |  | 6,300
​ | ​ |  | 5,907 | ​ |  | 6,416
​ | ​ | ​ | ​ | ​ | ​ | ​
Commitments and contingencies (Note 3) | ​ |  |  | ​ |  |
​ | ​ | ​ | ​ | ​ | ​ | ​
Equity: | ​ |  |  | ​ |  |
Limited partner | ​ |  | 4,276 | ​ |  | 6,328
General partner | ​ |  | (896) | ​ |  | (875)
Total equity | ​ |  | 3,380 | ​ |  | 5,453
Total Liabilities and Equity | ​ | $ | 9,287 | ​ | $ | 11,869
​ See notes to condensed financial statements. SCHEDULE I ICAHN ENTERPRISES HOLDINGS L.P. (Parent Company) ​ CONDENSED STATEMENTS OF OPERATIONS
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2020 |  | 2019 |  | 2018
​ | ​ | (in millions)
Interest and dividend income | ​ | $ | 1 | ​ | $ | 14 | ​ | $ | 7
Net (loss) gain from investment activities | ​ |  | (66) | ​ |  | (377) | ​ |  | (389)
Gain on disposition of assets | ​ |  | 7 | ​ |  | 2 | ​ |  | 23
Equity in (loss) income of subsidiaries | ​ |  | (1,237) | ​ |  | (363) | ​ |  | 2,200
Other income, net | ​ |  | 7 | ​ |  | — | ​ |  | 4
​ | ​ |  | (1,288) | ​ |  | (724) | ​ |  | 1,845
Other expenses from operations | ​ | ​ | 2 | ​ | ​ | — | ​ | ​ | —
Interest expense | ​ |  | 341 | ​ |  | 350 | ​ |  | 337
Selling, general and administrative | ​ |  | 21 | ​ |  | 23 | ​ |  | 25
​ | ​ |  | 364 | ​ |  | 373 | ​ |  | 362
Net (loss) income | ​ | $ | (1,652) | ​ | $ | (1,097) | ​ | $ | 1,483
Net (loss) income allocated to: | ​ |  |  | ​ |  |  | ​ |  |
Limited partner | ​ | $ | (1,635) | ​ | $ | (1,086) | ​ | $ | 2,060
General partner | ​ |  | (17) | ​ |  | (11) | ​ |  | (577)
​ | ​ | $ | (1,652) | ​ | $ | (1,097) | ​ | $ | 1,483
​ See notes to condensed financial statements. SCHEDULE I ICAHN ENTERPRISES HOLDINGS L.P. (Parent Company) ​ CONDENSED STATEMENTS OF CASH FLOWS
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2020 |  | 2019 |  | 2018
​ | ​ | (in millions)
Cash flows from operating activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net (loss) income | ​ | $ | (1,652) | ​ | $ | (1,097) | ​ | $ | 1,483
Adjustments to reconcile net (loss) income to net cash used in operating activities: | ​ |  |  | ​ |  |  | ​ |  |
Equity in loss (income) of subsidiary | ​ |  | 1,237 | ​ |  | 363 | ​ |  | (2,200)
(Gain) loss on disposition of assets | ​ |  | (7) | ​ |  | (2) | ​ |  | (23)
Investment gains | ​ |  | 63 | ​ |  | 377 | ​ |  | 389
Other, net | ​ |  | — | ​ |  | (1) | ​ |  | —
Change in operating assets and liabilities | ​ |  | (23) | ​ |  | 45 | ​ |  | 8
Net cash used in operating activities | ​ |  | (382) | ​ |  | (315) | ​ |  | (343)
Cash flows from investing activities: | ​ |  |  | ​ |  |  | ​ |  |
Net advances from subsidiaries | ​ |  | 1,093 | ​ |  | 567 | ​ |  | 238
Net proceeds from the disposition of fixed assets | ​ | ​ | 7 | ​ | ​ | — | ​ | ​ | —
Other, net | ​ |  | 23 | ​ |  | — | ​ |  | 41
Net cash provided by investing activities | ​ |  | 1,123 | ​ |  | 567 | ​ |  | 279
Cash flows from financing activities: | ​ |  |  | ​ |  |  | ​ |  |
Partnership distributions | ​ |  | (526) | ​ |  | (112) | ​ |  | (97)
Partner contributions | ​ |  | 102 | ​ |  | 55 | ​ |  | —
Proceeds from borrowings | ​ |  | 866 | ​ |  | 2,507 | ​ |  | —
Repayments of borrowings | ​ |  | (1,350) | ​ |  | (1,700) | ​ |  | (21)
Debt issuance costs | ​ |  | (3) | ​ |  | (12) | ​ |  | —
Net cash provided by (used in) financing activities | ​ |  | (911) | ​ |  | 738 | ​ |  | (118)
Net change in cash and cash equivalents and restricted cash and restricted cash equivalents | ​ |  | (170) | ​ |  | 990 | ​ |  | (182)
Cash and cash equivalents and restricted cash and restricted cash equivalents, beginning of period | ​ |  | 1,049 | ​ |  | 59 | ​ |  | 241
Cash and cash equivalents and restricted cash and restricted cash equivalents, end of period | ​ | $ | 879 | ​ | $ | 1,049 | ​ | $ | 59
​ See notes to condensed financial statements. SCHEDULE I ICAHN ENTERPRISES HOLDINGS L.P. (Parent Company) NOTES TO CONDENSED FINANCIAL STATEMENTS 1. Description of Business and Basis of Presentation Icahn Enterprises Holdings L.P. (“Icahn Enterprises Holdings”) is a limited partnership formed in Delaware on February 17, 1987. Our sole limited partner is Icahn Enterprises L.P., a master limited partnership which owns a 99% interest in us. Icahn Enterprises G.P. Inc., our sole 1% general partner, is a Delaware corporation which is owned and controlled by Carl C. Icahn. As of December 31, 2020, Icahn Enterprises Holdings is engaged in the following continuing operating businesses: Investment, Energy, Automotive, Food Packaging, Metals, Real Estate, Home Fashion and, as of December 2020, Pharma. For the years ended December 31, 2020, 2019 and 2018, Icahn Enterprises Holdings received $1,093 million, $567 million and $238 million, respectively, for net advances from subsidiaries. The condensed financial statements of Icahn Enterprises Holdings should be read in conjunction with the consolidated financial statements and notes thereto included in Item 8 of this Report. 2. Debt See Note 11, “Debt,” to the consolidated financial statements located in Item 8 of this Report. Icahn Enterprises Holdings’ Parent company debt consists of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ |  | 2020 |  | 2019
​ | ​ | (in millions)
5.875% senior unsecured notes due 2022 | ​ | $ | — | ​ | $ | 1,345
6.250% senior unsecured notes due 2022 | ​ |  | 1,208 | ​ |  | 1,211
6.750% senior unsecured notes due 2024 | ​ |  | 500 | ​ |  | 499
4.750% senior unsecured notes due 2024 | ​ |  | 1,107 | ​ |  | 499
6.375% senior unsecured notes due 2025 | ​ |  | 749 | ​ |  | 749
6.250% senior unsecured notes due 2026 | ​ |  | 1,250 | ​ |  | 1,250
5.250% senior unsecured notes due 2027 | ​ |  | 999 | ​ |  | 747
Total debt | ​ | $ | 5,813 | ​ | $ | 6,300
​ 3. Commitments and Contingencies See Note 18, “Commitments and Contingencies,” to the consolidated financial statements.

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