XML 54 R42.htm IDEA: XBRL DOCUMENT v3.22.4
Segment and Geographic Reporting (Tables)
12 Months Ended
Dec. 31, 2022
Disaggregation of Revenue [Line Items]  
Schedule of Condensed Income Statement by Segment

Year Ended December 31, 2022

    

Investment

    

Energy

    

Automotive

    

Food Packaging

    

Real Estate

    

Home Fashion

    

Pharma

    

Metals

    

Holding Company

    

Consolidated

(in millions)

Revenues:

Net sales

$

$

10,896

$

1,707

$

431

$

61

$

217

$

66

$

$

$

13,378

Other revenues from operations

 

 

 

687

 

 

57

 

 

4

 

 

 

748

Net (loss) gain from investment activities

 

(216)

 

 

 

 

 

 

 

 

48

 

(168)

Interest and dividend income

 

288

 

8

 

 

 

 

 

1

 

 

31

 

328

(Loss) gain on disposition of assets, net

 

 

(11)

 

3

 

 

 

 

 

 

 

(8)

Other (loss) gain, net

 

(95)

 

(78)

 

1

 

(5)

 

 

 

1

 

 

(1)

 

(177)

 

(23)

 

10,815

 

2,398

 

426

 

118

 

217

 

72

 

 

78

 

14,101

Expenses:

Cost of goods sold

 

 

9,811

 

1,247

 

357

 

40

 

186

 

48

 

 

 

11,689

Other expenses from operations

 

 

 

528

 

 

55

 

 

 

 

 

583

Selling, general and administrative

 

27

 

176

 

867

 

52

 

16

 

48

 

42

 

 

22

 

1,250

Restructuring, net

 

 

 

 

 

 

2

 

 

 

 

2

Impairment

Interest expense

 

173

 

92

 

2

 

8

 

 

3

 

 

 

290

 

568

 

200

 

10,079

 

2,644

 

417

 

111

 

239

 

90

 

 

312

 

14,092

(Loss) income from continuing operations before income tax (expense) benefit

 

(223)

 

736

 

(246)

 

9

 

7

 

(22)

 

(18)

 

 

(234)

 

9

Income tax (expense) benefit

 

 

(140)

 

54

 

(7)

 

 

 

 

 

59

 

(34)

Net (loss) income

 

(223)

 

596

 

(192)

 

2

 

7

 

(22)

 

(18)

 

 

(175)

 

(25)

Less: net (loss) income from continuing operations attributable to non-controlling interests

 

(134)

 

292

 

 

 

 

 

 

 

 

158

Net (loss) income from continuing operations attributable to Icahn Enterprises

$

(89)

$

304

$

(192)

$

2

$

7

$

(22)

$

(18)

$

$

(175)

$

(183)

Supplemental information:

Capital expenditures

$

$

191

$

114

$

22

$

9

$

2

$

$

$

$

338

Depreciation and amortization

$

$

353

$

80

$

27

$

13

$

7

$

28

$

$

1

$

509

Year Ended December 31, 2021

    

Investment

    

Energy

    

Automotive

    

Food Packaging

    

Real Estate

    

Home Fashion

    

Pharma

    

Metals

    

Mining

    

Holding Company

 

Consolidated

(in millions)

Revenues:

Net sales

$

$

7,242

$

1,789

$

416

$

55

$

197

$

81

$

524

$

$

$

10,304

Other revenues from operations

 

 

 

605

 

 

38

 

 

4

 

 

 

 

647

Net gain (loss) from investment activities

 

145

 

81

 

 

 

 

 

 

 

 

(33)

 

193

Interest and dividend income

 

132

 

 

 

 

 

 

 

 

 

5

 

137

(Loss) gain on disposition of assets, net

 

 

(3)

 

(22)

 

 

3

 

 

 

163

 

 

 

141

Other (loss) income, net

 

(75)

 

7

 

(2)

 

(14)

 

 

 

 

(3)

 

 

3

 

(84)

 

202

 

7,327

 

2,370

 

402

 

96

 

197

 

85

 

684

 

 

(25)

 

11,338

Expenses:

Cost of goods sold

 

 

7,069

 

1,339

 

343

 

44

 

159

 

50

 

481

 

 

 

9,485

Other expenses from operations

 

 

 

475

 

 

47

 

 

 

 

 

 

522

Selling, general and administrative

 

16

 

147

 

877

 

50

 

13

 

46

 

38

 

16

 

 

35

 

1,238

Restructuring, net

 

 

 

4

 

1

 

 

 

 

 

 

 

5

Impairment

Interest expense

 

218

 

109

 

7

 

6

 

 

2

 

 

1

 

 

323

 

666

 

234

 

7,325

 

2,702

 

400

 

104

 

207

 

88

 

498

 

 

358

 

11,916

(Loss) income from continuing operations before income tax benefit (expense)

 

(32)

 

2

 

(332)

 

2

 

(8)

 

(10)

 

(3)

 

186

 

 

(383)

 

(578)

Income tax benefit (expense)

 

 

27

 

72

 

(4)

 

 

2

 

 

 

 

(19)

 

78

Net (loss) income from continuing operations

 

(32)

 

29

 

(260)

 

(2)

 

(8)

 

(8)

 

(3)

 

186

 

 

(402)

 

(500)

Less: net (loss) income from continuing operations attributable to non-controlling interests

 

(16)

 

34

 

 

 

 

 

 

 

 

 

18

Net (loss) income from continuing operations attributable to Icahn Enterprises

$

(16)

$

(5)

$

(260)

$

(2)

$

(8)

$

(8)

$

(3)

$

186

$

$

(402)

$

(518)

Supplemental information:

Capital expenditures

$

$

224

$

48

$

17

$

10

$

3

$

$

3

$

$

$

305

Depreciation and amortization

$

$

343

$

87

$

28

$

9

$

7

$

28

$

14

$

$

1

$

517

Year Ended December 31, 2020

    

Investment

    

Energy

    

Automotive

    

Food Packaging

    

Real Estate

    

Home Fashion

    

Pharma

    

Metals

    

Mining

    

Holding Company

    

Consolidated

(in millions)

Revenues:

    

  

  

  

  

  

  

  

  

  

  

 

  

Net sales

$

$

3,930

$

1,929

$

409

$

43

$

188

$

3

$

313

$

$

$

6,815

Other revenues from operations

 

 

 

549

 

 

59

 

 

 

 

 

 

608

Net loss (gain) from investment activities

 

(1,368)

 

34

 

 

 

 

 

 

 

 

(87)

 

(1,421)

Interest and dividend income

 

136

 

10

 

 

 

1

 

 

 

 

 

22

 

169

Loss (gain) on disposition of assets, net

 

 

(7)

 

(6)

 

 

(5)

 

 

 

1

 

 

 

(17)

Other (loss) income, net

 

(17)

 

(1)

 

(7)

 

(6)

 

 

2

 

 

3

 

 

(5)

 

(31)

 

(1,249)

 

3,966

 

2,465

 

403

 

98

 

190

 

3

 

317

 

 

(70)

 

6,123

Expenses:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Cost of goods sold

 

 

4,164

 

1,344

 

327

 

35

 

150

 

2

 

298

 

 

 

6,320

Other expenses from operations

 

 

 

449

 

 

38

 

 

 

 

 

 

487

Selling, general and administrative

 

2

 

116

 

904

 

52

 

34

 

43

 

2

 

16

 

 

22

 

1,191

Restructuring, net

 

 

 

8

 

1

 

 

 

 

1

 

 

 

10

Impairment

 

 

 

 

 

7

 

3

 

 

1

 

 

 

11

Interest expense

 

196

 

125

 

12

 

11

 

 

1

 

 

1

 

 

342

 

688

 

198

 

4,405

 

2,717

 

391

 

114

 

197

 

4

 

317

 

 

364

 

8,707

(Loss) income from continuing operations before income tax benefit (expense)

 

(1,447)

 

(439)

(252)

 

12

 

(16)

 

(7)

 

(1)

 

 

 

(434)

 

(2,584)

Income tax benefit (expense)

 

 

112

 

54

 

(8)

 

 

 

 

 

 

(42)

 

116

Net (loss) income from continuing operations

 

(1,447)

 

(327)

 

(198)

 

4

 

(16)

 

(7)

 

(1)

 

 

 

(476)

 

(2,468)

Less: net (loss) income from continuing operations attributable to non-controlling interests

 

(682)

 

(133)

 

 

 

 

 

 

 

 

 

(815)

Net (loss) income from continuing operations attributable to Icahn Enterprises

$

(765)

$

(194)

$

(198)

$

4

$

(16)

$

(7)

$

(1)

$

$

$

(476)

$

(1,653)

Supplemental information:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Capital expenditures

$

$

124

$

35

$

19

$

11

$

5

$

$

3

$

$

2

$

199

Depreciation and amortization

$

$

343

$

95

$

27

$

17

$

8

$

2

$

18

$

$

$

510

Schedule of Condensed Financial Statements by Segment

December 31, 2022

Investment

Energy

Automotive

Food
Packaging

Real
Estate

Home
Fashion

    

Pharma

Holding
Company

Consolidated

(in millions)

ASSETS

Cash and cash equivalents

$

19

$

510

$

32

$

9

$

26

$

5

$

16

$

1,720

$

2,337

Cash held at consolidated affiliated partnerships and restricted cash

 

2,455

 

7

 

10

 

 

8

 

3

 

 

66

 

2,549

Investments

 

6,719

 

76

 

 

 

14

 

 

 

 

6,809

Accounts receivable, net

 

 

358

 

99

 

87

 

12

 

24

 

26

 

 

606

Inventories

 

 

624

 

686

 

103

 

 

90

 

28

 

 

1,531

Property, plant and equipment, net

 

 

2,664

 

826

 

142

 

345

 

56

 

 

5

 

4,038

Goodwill and intangible assets, net

 

 

200

 

352

 

24

 

 

19

 

226

 

 

821

Other assets

 

8,041

 

296

 

527

 

110

 

102

 

16

 

6

 

125

 

9,223

Total assets

$

17,234

$

4,735

$

2,532

$

475

$

507

$

213

$

302

$

1,916

$

27,914

LIABILITIES AND EQUITY

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Accounts payable, accrued expenses and other liabilities

$

1,589

$

1,823

$

981

$

149

$

47

$

45

$

61

$

70

$

4,765

Securities sold, not yet purchased, at fair value

 

6,495

 

 

 

 

 

 

 

 

6,495

Debt

 

 

1,591

 

21

 

162

 

1

 

12

 

 

5,309

 

7,096

Total liabilities

 

8,084

 

3,414

 

1,002

 

311

 

48

 

57

 

61

 

5,379

 

18,356

Equity attributable to Icahn Enterprises

 

4,184

 

648

 

1,530

 

149

 

455

 

156

 

241

 

(3,463)

 

3,900

Equity attributable to non-controlling interests

 

4,966

 

673

 

 

15

 

4

 

 

 

 

5,658

Total equity

 

9,150

 

1,321

 

1,530

 

164

 

459

 

156

 

241

 

(3,463)

 

9,558

Total liabilities and equity

$

17,234

$

4,735

$

2,532

$

475

$

507

$

213

$

302

$

1,916

$

27,914

December 31, 2021

Investment

Energy

Automotive

Food
Packaging

Real
Estate

Home
Fashion

    

Pharma

Metals

Holding
Company

Consolidated

(in millions)

ASSETS

Cash and cash equivalents

$

19

$

510

$

28

$

10

$

30

$

3

$

14

$

$

1,707

$

2,321

Cash held at consolidated affiliated partnerships and restricted cash

 

2,008

 

7

 

17

 

 

11

 

 

 

 

72

 

2,115

Investments

 

8,952

 

79

 

 

 

15

 

 

 

 

105

 

9,151

Accounts receivable, net

 

 

299

 

103

 

82

 

10

 

32

 

20

 

 

 

546

Inventories

 

 

484

 

780

 

93

 

 

106

 

15

 

 

 

1,478

Property, plant and equipment, net

 

 

2,735

 

786

 

147

 

351

 

60

 

 

 

6

 

4,085

Goodwill and intangible assets, net

 

 

221

 

362

 

27

 

 

21

 

254

 

 

 

885

Other assets

 

6,156

 

252

 

506

 

99

 

109

 

21

 

6

 

 

16

 

7,165

Total assets

$

17,135

$

4,587

$

2,582

$

458

$

526

$

243

$

309

$

$

1,906

$

27,746

LIABILITIES AND EQUITY

 

 

 

 

 

 

 

  

 

 

 

Accounts payable, accrued expenses and other liabilities

$

2,405

$

1,579

$

981

$

146

$

49

$

71

$

50

$

$

90

$

5,371

Securities sold, not yet purchased, at fair value

 

5,340

 

 

 

 

 

 

 

 

 

5,340

Debt

 

 

1,660

 

26

 

155

 

1

 

40

 

 

 

5,810

 

7,692

Total liabilities

 

7,745

 

3,239

 

1,007

 

301

 

50

 

111

 

50

 

 

5,900

 

18,403

Equity attributable to Icahn Enterprises

 

4,271

 

686

 

1,575

 

143

 

472

 

132

 

259

 

 

(3,994)

 

3,544

Equity attributable to non-controlling interests

 

5,119

 

662

 

 

14

 

4

 

 

 

 

 

5,799

Total equity

 

9,390

 

1,348

 

1,575

 

157

 

476

 

132

 

259

 

 

(3,994)

 

9,343

Total liabilities and equity

$

17,135

$

4,587

$

2,582

$

458

$

526

$

243

$

309

$

$

1,906

$

27,746

Geographic Information

Property, Plant and

Net Sales

Other Revenues From Operations

Equipment, Net

Year Ended December 31, 

Year Ended December 31, 

December 31, 

    

2022

    

2021

    

2020

    

2022

    

2021

    

2020

    

2022

    

2021

(in millions)

United States

$

12,988

$

9,924

$

6,462

$

722

$

636

$

604

$

3,921

$

3,955

International

 

390

 

380

 

353

 

26

 

11

 

4

 

117

 

130

$

13,378

$

10,304

$

6,815

$

748

$

647

$

608

$

4,038

$

4,085

Energy Segment  
Disaggregation of Revenue [Line Items]  
Disaggregation of Revenue

Year Ended December 31, 

    

2022

    

2021

    

2020

(in millions)

Petroleum products

$

10,060

$

6,709

$

3,580

Nitrogen fertilizer products

 

836

 

533

 

350

$

10,896

$

7,242

$

3,930

Automotive Segment  
Disaggregation of Revenue [Line Items]  
Disaggregation of Revenue

Year Ended December 31, 

    

2022

    

2021

    

2020

(in millions)

Automotive services

$

1,552

$

1,377

$

1,228

Aftermarket parts sales

 

797

 

1,007

 

1,250

$

2,349

$

2,384

$

2,478