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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Net sales $ 2,991 $ 3,334 $ 8,433 $ 10,098
Other revenues from operations 203 197 588 562
Net (loss) gain from investment activities (332) (187) (1,275) 310
Interest and dividend income 143 88 481 180
Other loss, net (16) (28) (57) (150)
Total revenues 2,989 3,404 8,170 11,000
Expenses:        
Cost of goods sold 2,377 3,026 6,947 8,738
Other expenses from operations 165 156 483 441
Selling, general and administrative 209 305 653 921
Restructuring, net 1   1  
Credit loss on related party note receivable 23   139  
Loss on deconsolidation of subsidiary     246  
Interest expense 148 139 426 424
Total Expenses 2,923 3,626 8,895 10,524
Income (loss) before income tax (expense) benefit 66 (222) (725) 476
Income tax (expense) benefit (96) 7 (82) (93)
Net (loss) income (30) (215) (807) 383
Less: net (loss) income attributable to non-controlling interests (24) (92) (262) 311
Net (loss) income attributable to Icahn Enterprises (6) (123) (545) 72
Net (loss) income attributable to Icahn Enterprises allocated to:        
Limited partners (6) (121) (534) 71
General partner   (2) (11) 1
Net Income (Loss) $ (6) $ (123) $ (545) $ 72
Basic (loss) income per LP unit:        
Basic (loss) income per LP unit (in dollars per share) $ (0.01) $ (0.37) $ (1.47) $ 0.23
Basic weighted average LP units outstanding (in shares) 394 324 364 308
Diluted (loss) income per LP unit:        
Diluted (loss) income per LP unit (in dollars per share) $ (0.01) $ (0.37) $ (1.47) $ 0.23
Diluted weighted average LP units outstanding (in shares) 394 324 364 308
Distributions declared per LP unit (in dollars per share) $ 1.00 $ 2.00 $ 5.00 $ 6.00