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Net Income (Loss) Per LP Unit | 6 Months Ended
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Jun. 30, 2022
Earnings Per Unit [Abstract] |
Net Income (Loss) Per LP Unit | 11. Net Income Per LP Unit The components of the computation of basic and diluted income per LP unit of Icahn Enterprises are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
​ |  | 2022 |  | 2021 |  | 2022 |  | 2021
​ | ​ | (in millions, except per unit amounts)
Net (loss) income attributable to Icahn Enterprises | ​ | $ | (128) |  | $ | (136) | ​ | $ | 195 |  | $ | 26
Net (loss) income attributable to Icahn Enterprises allocated to limited partners (98.01% allocation) | ​ | $ | (125) | ​ | $ | (134) | ​ | $ | 191 | ​ | $ | 25
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic (loss) income per LP unit: | ​ | $ | (0.41) | ​ | $ | (0.53) | ​ | $ | 0.64 | ​ | $ | 0.10
Basic weighted average LP units outstanding | ​ | ​ | 306 | ​ | ​ | 251 | ​ | ​ | 300 | ​ | ​ | 247
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Diluted (loss) income per LP unit: | ​ | $ | (0.41) | ​ | $ | (0.53) | ​ | $ | 0.64 | ​ | $ | 0.10
Diluted weighted average LP units outstanding | ​ |  | 306 | ​ |  | 251 | ​ |  | 300 | ​ |  | 247
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ LP Unit Transactions Unit Distributions On February 23, 2022, we declared a quarterly distribution in the amount of $2.00 per depositary unit in which each depositary unitholder had the option to make an election to receive either cash or additional depositary units. On May 6, 2022, we declared a quarterly dividend distribution in the amount of $2.00 per depository unit in which each depository unitholder had the option to make an election to receive either cash or additional depository units. As a result of the above distributions declared, during the six months ended June 30, 2022, we distributed an aggregate 21,793,349 depositary units to unitholders who did not elect to receive cash, of which an aggregate of 20,606,398 depositary units were distributed to Mr. Icahn and his affiliates. In connection with these distributions, aggregate cash distributions to all depositary unitholders that made a timely election to receive cash was $100 million for the six months ended June 30, 2022. At-The-Market Offerings During the three months ended June 30, 2022, we sold 4,110,226 depositary units pursuant to our Open Market Sale Agreement, resulting in gross proceeds of $212 million. During the six months ended June 30, 2022, we sold 7,546,779 depository units pursuant to the Open Market Sale Agreement, resulting in gross proceeds of $394 million. As of June 30, 2022, we continue to have an active Open Market Sale Agreement and Icahn Enterprises may sell its depositary units for up to an additional $291 million in aggregate gross sale proceeds pursuant to this agreement. 2017 Incentive Plan During the six months ended June 30, 2022, Icahn Enterprises distributed 13,083 depositary units, net of payroll withholdings, with respect to certain restricted depositary units that vested during the period in connection with the Icahn Enterprises L.P. 2017 Long Term Incentive Plan (the “2017 Incentive Plan”). The aggregate impact of the 2017 Incentive Plan is not material with respect to our condensed consolidated financial statements, including the calculation of potentially dilutive units and diluted income per LP unit.

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