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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2021

Disaggregation of Revenue [Line Items]

Condensed statements of operations by reporting segment


		Three Months Ended June 30, 2021
		Investment			Energy			Automotive			Food Packaging			Metals			Real Estate			Home Fashion			Pharma			Holding Company			Consolidated

		(in millions)
Revenues:
Net sales		$	—		$	1,783		$	481		$	106		$	153		$	20		$	51		$	18		$	—		$	2,612
Other revenues from operations			—			—			156			—			—			7			—			1			—			164
Net gain from investment activities			175			21			—			—			—			—			—			—			10			206
Interest and dividend income			32			—			—			—			—			—			—			—			2			34
Other (loss) income, net			(18)			(7)			(2)			(2)			—			—			—			—			1			(28)
			189			1,797			635			104			153			27			51			19			13			2,988
Expenses:
Cost of goods sold			—			1,757			345			88			140			15			41			12			—			2,398
Other expenses from operations			—			—			116			—			—			10			—			—			—			126
Selling, general and administrative			3			34			215			11			5			6			11			9			10			304
Restructuring, net			—			—			5			—			—			—			—			—			—			5
Impairment			—			—			—			—			—			—			—			—			—			—
Interest expense			41			30			3			1			1			—			1			—			81			158
			44			1,821			684			100			146			31			53			21			91			2,991
Income (loss) before income tax benefit (expense)			145			(24)			(49)			4			7			(4)			(2)			(2)			(78)			(3)
Income tax benefit (expense)			—			10			11			(2)			—			—			—			—			(78)			(59)
Net income (loss)			145			(14)			(38)			2			7			(4)			(2)			(2)			(156)			(62)
Less: net income (loss) attributable to non-controlling interests			77			(3)			—			—			—			—			—			—			—			74
Net income (loss) attributable to Icahn Enterprises		$	68		$	(11)		$	(38)		$	2		$	7		$	(4)		$	(2)		$	(2)		$	(156)		$	(136)
Supplemental information:
Capital expenditures		$	—		$	92		$	12		$	4		$	—		$	3		$	—		$	—		$	—		$	111
Depreciation and amortization		$	—		$	88		$	22		$	7		$	4		$	2		$	2		$	7		$	—		$	132


		Three Months Ended June 30, 2020
		Investment			Energy			Automotive			Food Packaging			Metals			Real Estate			Home Fashion			Pharma			Holding Company			Consolidated

		(in millions)
Revenues:
Net sales		$	—		$	675		$	463		$	104		$	34		$	13		$	37		$	—		$	—		$	1,326
Other revenues from operations			—			—			124			—			—			12			—			—			—			136
Net gain from investment activities			1,089			18			—			—			—			—			—			—			128			1,235
Interest and dividend income			17			5			—			—			—			—			—			—			4			26
Other (loss) income, net			(4)			(4)			(6)			(3)			—			—			3			—			—			(14)
			1,102			694			581			101			34			25			40			—			132			2,709
Expenses:
Cost of goods sold			—			645			332			82			39			9			28			—			—			1,135
Other expenses from operations			—			—			102			—			—			6			—			—			—			108
Selling, general and administrative			3			30			202			12			4			21			9			—			9			290
Restructuring, net			—			—			5			—			—			—			—			—			—			5
Impairment			—			—			—			—			—			2			3			—			—			5
Interest expense			51			32			2			3			1			—			1			—			84			174
			54			707			643			97			44			38			41			—			93			1,717
Income (loss) before income tax benefit (expense)			1,048			(13)			(62)			4			(10)			(13)			(1)			—			39			992
Income tax benefit (expense)			—			10			12			(1)			—			—			—			—			(149)			(128)
Net income (loss)			1,048			(3)			(50)			3			(10)			(13)			(1)			—			(110)			864
Less: net income (loss) attributable to non-controlling interests			569			(4)			—			—			—			—			—			—			—			565
Net income (loss) attributable to Icahn Enterprises		$	479		$	1		$	(50)		$	3		$	(10)		$	(13)		$	(1)		$	—		$	(110)		$	299
Supplemental information:
Capital expenditures		$	—		$	42		$	7		$	4		$	1		$	5		$	1		$	—		$	2		$	62
Depreciation and amortization		$	—		$	90		$	24		$	7		$	4		$	5		$	2		$	—		$	—		$	132


		Six Months Ended June 30, 2021
		Investment			Energy			Automotive			Food Packaging			Metals			Real Estate			Home Fashion			Pharma			Holding Company			Consolidated

		(in millions)
Revenues:
Net sales		$	—		$	3,246		$	937		$	207		$	273		$	28		$	92		$	47		$	—		$	4,830
Other revenues from operations			—			—			298			—			—			16			—			2			—			316
Net gain from investment activities			1,114			83			—			—			—			—			—			—			15			1,212
Interest and dividend income			57			—			—			—			—			—			—			—			3			60
Other (loss) income, net			(39)			—			(3)			(8)			1			—			—			—			3			(46)
			1,132			3,329			1,232			199			274			44			92			49			21			6,372
Expenses:
Cost of goods sold			—			3,336			658			168			252			22			75			26			—			4,537
Other expenses from operations			—			—			228			—			—			16			—			—			—			244
Selling, general and administrative			8			69			442			24			9			11			22			17			18			620
Restructuring, net			—			—			5			—			—			—			—			—			—			5
Impairment			—			—			—			—			—			—			—			—			—			—
Interest expense			117			61			6			3			1			—			1			—			164			353
			125			3,466			1,339			195			262			49			98			43			182			5,759
Income (loss) before income tax benefit (expense)			1,007			(137)			(107)			4			12			(5)			(6)			6			(161)			613
Income tax benefit (expense)			—			56			23			(3)			—			—			—			—			(152)			(76)
Net income (loss)			1,007			(81)			(84)			1			12			(5)			(6)			6			(313)			537
Less: net income (loss) attributable to non-controlling interests			548			(37)			—			—			—			—			—			—			—			511
Net income (loss) attributable to Icahn Enterprises		$	459		$	(44)		$	(84)		$	1		$	12		$	(5)		$	(6)		$	6		$	(313)		$	26
Supplemental information:
Capital expenditures		$	—		$	126		$	20		$	6		$	1		$	4		$	1		$	—		$	—		$	158
Depreciation and amortization		$	—		$	170		$	44		$	14		$	8		$	5		$	4		$	14		$	—		$	259


		Six Months Ended June 30, 2020
		Investment			Energy			Automotive			Food Packaging			Metals			Real Estate			Home Fashion			Pharma			Holding Company			Consolidated

		(in millions)
Revenues:
Net sales		$	—		$	1,806		$	955		$	202		$	120		$	17		$	87		$	—		$	—		$	3,187
Other revenues from operations			—			—			267			—			—			30			—			—			—			297
Net (loss) gain from investment activities			(727)			48			—			—			—			—			—			—			(214)			(893)
Interest and dividend income			69			7			—			—			—			—			—			—			13			89
Other (loss) income, net			(5)			(10)			(5)			(10)			—			—			3			—			(4)			(31)
			(663)			1,851			1,217			192			120			47			90			—			(205)			2,649
Expenses:
Cost of goods sold			—			1,894			684			160			124			13			69			—			—			2,944
Other expenses from operations			—			—			225			—			—			18			—			—			—			243
Selling, general and administrative			(3)			61			448			24			8			26			20			—			14			598
Restructuring, net			—			—			7			—			—			—			—			—			—			7
Impairment			—			—			—			—			—			2			3			—			—			5
Interest expense			94			62			7			7			1			—			1			—			174			346
			91			2,017			1,371			191			133			59			93			—			188			4,143
(Loss) income before income tax benefit (expense)			(754)			(166)			(154)			1			(13)			(12)			(3)			—			(393)			(1,494)
Income tax benefit (expense)			—			50			31			(2)			—			—			—			—			(27)			52
Net loss			(754)			(116)			(123)			(1)			(13)			(12)			(3)			—			(420)			(1,442)
Less: net loss attributable to non-controlling interests			(307)			(49)			—			(1)			—			—			—			—			—			(357)
Net loss attributable to Icahn Enterprises		$	(447)		$	(67)		$	(123)		$	—		$	(13)		$	(12)		$	(3)		$	—		$	(420)		$	(1,085)
Supplemental information:
Capital expenditures		$	—		$	77		$	16		$	6		$	2		$	9		$	3		$	—		$	2		$	115
Depreciation and amortization		$	—		$	170		$	48		$	13		$	9		$	9		$	4		$	—		$	—		$	253

Condensed balance sheets by reporting segment


		June 30, 2021
		Investment			Energy			Automotive			Food Packaging			Metals			Real Estate			Home Fashion			Pharma			Holding Company			Consolidated

		(in millions)
ASSETS
Cash and cash equivalents		$	16		$	519		$	53		$	9		$	—		$	35		$	4		$	9		$	1,549		$	2,194
Cash held at consolidated affiliated partnerships and restricted cash			1,218			7			18			—			2			11			—			—			13			1,269
Investments			10,603			85			19			—			—			15			—			—			181			10,903
Accounts receivable, net			—			234			105			93			89			10			40			25			—			596
Inventories, net			—			404			939			93			32			—			89			11			—			1,568
Property, plant and equipment, net			—			2,789			837			151			79			310			62			—			7			4,235
Goodwill and intangible assets, net			—			231			367			29			8			—			21			268			—			924
Other assets			5,078			242			595			103			31			114			20			4			25			6,212
Total assets		$	16,915		$	4,511		$	2,933		$	478		$	241		$	495		$	236		$	317		$	1,775		$	27,901
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities		$	2,288		$	1,548		$	1,075		$	164		$	74		$	52		$	67		$	50		$	262		$	5,580
Securities sold, not yet purchased, at fair value			4,231			—			—			—			—			—			—			—			—			4,231
Debt			—			1,693			342			158			26			2			33			—			5,811			8,065
Total liabilities			6,519			3,241			1,417			322			100			54			100			50			6,073			17,876

Equity attributable to Icahn Enterprises			4,743			647			1,516			142			141			441			136			267			(4,298)			3,735
Equity attributable to non-controlling interests			5,653			623			—			14			—			—			—			—			—			6,290
Total equity			10,396			1,270			1,516			156			141			441			136			267			(4,298)			10,025
Total liabilities and equity		$	16,915		$	4,511		$	2,933		$	478		$	241		$	495		$	236		$	317		$	1,775		$	27,901


		December 31, 2020
		Investment			Energy			Automotive			Food Packaging			Metals			Real Estate			Home Fashion			Pharma			Holding Company			Consolidated

		(in millions)
ASSETS
Cash and cash equivalents		$	14		$	667		$	25		$	16		$	1		$	21		$	2		$	8		$	925		$	1,679
Cash held at consolidated affiliated partnerships and restricted cash			1,558			7			20			—			2			8			6			—			11			1,612
Investments			8,239			253			40			—			—			15			—			—			366			8,913
Accounts receivable, net			—			178			109			88			63			10			33			20			—			501
Inventories, net			—			298			1,080			89			22			—			81			10			—			1,580
Property, plant and equipment, net			—			2,747			857			160			82			310			65			—			7			4,228
Goodwill and intangible assets, net			—			238			372			31			9			1			21			282			—			954
Other assets			4,308			335			582			103			38			121			19			6			10			5,522
Total assets		$	14,119		$	4,723		$	3,085		$	487		$	217		$	486		$	227		$	326		$	1,319		$	24,989
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities		$	2,256		$	1,189		$	1,163		$	182		$	73		$	45		$	65		$	64		$	114		$	5,151
Securities sold, not yet purchased, at fair value			2,521			—			—			—			—			—			—			—			—			2,521
Debt			—			1,691			368			151			16			1			21			—			5,811			8,059
Total liabilities			4,777			2,880			1,531			333			89			46			86			64			5,925			15,731

Equity attributable to Icahn Enterprises			4,283			1,039			1,554			142			128			440			141			262			(4,606)			3,383
Equity attributable to non-controlling interests			5,059			804			—			12			—			—			—			—			—			5,875
Total equity			9,342			1,843			1,554			154			128			440			141			262			(4,606)			9,258
Total liabilities and equity		$	14,119		$	4,723		$	3,085		$	487		$	217		$	486		$	227		$	326		$	1,319		$	24,989

Energy Segment

Disaggregation of Revenue [Line Items]

Disaggregation of revenue


		Three Months Ended June 30,						Six Months Ended June 30,
		2021			2020			2021			2020

		(in millions)
Petroleum products		$	1,645		$	570		$	3,047		$	1,626
Nitrogen fertilizer products			138			105			199			180
		$	1,783		$	675		$	3,246		$	1,806

Automotive Segment

Disaggregation of Revenue [Line Items]

Disaggregation of revenue


		Three Months Ended June 30,						Six Months Ended June 30,
		2021			2020			2021			2020

		(in millions)
Automotive services		$	347		$	277		$	669		$	586
Aftermarket parts sales			290			310			566			636
		$	637		$	587		$	1,235		$	1,222