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Debt

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Debt

10.  Debt

Debt consists of the following:

​

​	​	​	​	​	​	​
​	​	March 31,		​	December 31,
​		2022			2021
​	​	(in millions)
Holding Company:	​	​		​	​
6.750% senior unsecured notes due 2024	​	$	—	​	$	499
4.750% senior unsecured notes due 2024	​		1,105	​		1,105
6.375% senior unsecured notes due 2025	​		749	​		748
6.250% senior unsecured notes due 2026	​		1,250	​		1,250
5.250% senior unsecured notes due 2027	​		1,460	​		1,461
4.375% senior unsecured notes due 2029	​	​	747	​	​	747
​	​		5,311	​		5,810
Reporting Segments:	​	​	​	​	​	​
Energy	​		1,595	​		1,660
Automotive	​		20	​		26
Food Packaging	​		158	​		155
Real Estate	​		1	​		1
Home Fashion	​		41	​		40
​	​		1,815	​		1,882
Total Debt	​	$	7,126	​	$	7,692

​

Holding Company

In February 2022, we redeemed all of our $500 million aggregate principal amount of 6.750% senior unsecured notes due 2024 at par. As a result of this transaction, Icahn Enterprises recorded a loss on extinguishment of debt of $1 million.

Reporting Segments

Energy

In February 2022, CVR Partners redeemed the remaining $65 million aggregate principal amount of its 9.25% senior secured notes due June 2023 at par. As a result of this transaction, CVR Partners recognized a loss on extinguishment of debt of $1 million.

Covenants

We and all of our subsidiaries are currently in compliance with all covenants and restrictions as described in the various executed agreements and contracts with respect to each debt instrument. These covenants include limitations on indebtedness, liens, investments, acquisitions, asset sales, dividends and other restricted payments and affiliate and extraordinary transactions.

Non-Cash Charges to Interest Expense

The amortization of deferred financing costs and debt discounts and premiums included in interest expense in the condensed consolidated statements of operations were $1 million and $1 million for the three months ended March 31, 2022 and 2021, respectively.

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- References

No definition available.

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- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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