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Debt
 6 Months Ended
Jun. 30, 2024
Debt  
Debt

12.  Debt

Debt consists of the following:

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June 30, 

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December 31, 

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2024

    

2023

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(in millions)

Holding Company:

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6.375% senior unsecured notes due 2025

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$

—

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$

749

6.250% senior unsecured notes due 2026

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1,250

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1,238

5.250% senior unsecured notes due 2027

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1,457

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1,454

4.375% senior unsecured notes due 2029

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​

708

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​

708

9.750% senior unsecured notes due 2029

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​

698

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​

698

9.000% senior unsecured notes due 2030

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​

747

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​

—

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​

 

4,860

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4,847

Reporting Segments:

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Energy

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1,584

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2,185

Automotive

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27

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33

Food Packaging

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139

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133

Real Estate

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1

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1

Home Fashion

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14

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8

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1,765

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2,360

Total Debt

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$

6,625

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$

7,207

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Holding Company

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Our Holding Company debt consists of various issues of fixed-rate senior unsecured notes issued by Icahn Enterprises and Icahn Enterprises Finance Corp. (together the “Issuers”) and guaranteed by Icahn Enterprise Holdings (the “Guarantor”). Interest on each tranche of the senior unsecured notes is payable semi-annually.

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In April 2024, we sold $12 million in aggregate principal amount of our 6.250% senior unsecured notes due 2026 and $5 million in aggregate principal amount of our 5.250% senior unsecured notes due 2027, both previously repurchased and held in treasury, in the open market.

In May 2024, the Issuers issued $750 million in aggregate principal amount of 9.000% senior unsecured notes due 2030. The net proceeds from such issuance were used to redeem the remaining outstanding 6.375% senior unsecured notes due 2025 in full on June 13, 2024.

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Energy

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In February 2024, CVR Energy redeemed all its $600 million in aggregate principal amount of 5.25% senior unsecured notes due 2025. As a result of this transaction, CVR Energy recognized a $1 million loss on extinguishment of debt for the six months ended June 30, 2024.

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As of June 30, 2024, total availability under CVR Energy’s Amended and Restated ABL Credit Agreement (“CVR Energy ABL”) and CVR Partners ABL Credit Agreement (“CVR Partners ABL”) facilities aggregated to $301 million. CVR Energy ABL had $24 million of letters of credit outstanding as of June 30, 2024. The CVR Energy ABL matures on June 30, 2027, and the CVR Partners ABL on September 26, 2028.

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 for each of the three months ended June 30, 2024 and 2023, and $2 million for each of the six months ended June 30, 2024 and 2023.