XML 60 R42.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Financial Instruments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Derivative |
Notional exposure of derivative instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2024 | ​ | December 31, 2023
​ |  | Long Notional Exposure |  | Short Notional Exposure |  | Long Notional Exposure |  | Short Notional Exposure
​ | ​ | ​ | (in millions)
Primary underlying risk: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity contracts | ​ | $ | 1,813 | ​ | $ | 1,845 | ​ | $ | 1,882 | ​ | $ | 2,350
Credit contracts(1) |  | ​ | 185 |  | ​ | 55 | ​ | ​ | — |  | ​ | 435
Commodity contracts |  | ​ | — |  | ​ | 90 | ​ | ​ | — |  | ​ | 409
(1) | The short notional amount on our credit default swap positions was approximately $213 million at December 31, 2024. However, because credit spreads cannot compress below zero, our downside short notional exposure to loss is approximately $55 million as of December 31, 2024. The short notional amount on our credit default swap positions was approximately $2.5 billion as of December 31, 2023. However, because credit spreads cannot compress below zero, our downside short notional exposure to loss is $0.4 billion as of December 31, 2023.
Fair value and income recognized for derivatives not designated as hedging instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Derivative Assets | ​ | Derivative Liabilities
​ |  | December 31, 2024 |  | December 31, 2023 |  | December 31, 2024 |  | December 31, 2023
​ | ​ | ​ | (in millions)
Equity contracts | ​ | $ | 81 | ​ | $ | 11 | ​ | $ | 853 | ​ | $ | 999
Credit contracts | ​ |  | 18 | ​ |  | 39 | ​ |  | 6 | ​ |  | 2
Commodity contracts | ​ |  | 22 | ​ |  | 14 | ​ |  | — | ​ |  | 3
Sub-total | ​ |  | 121 | ​ |  | 64 | ​ |  | 859 | ​ |  | 1,004
Netting across contract types(1) | ​ |  | (103) | ​ |  | (25) | ​ |  | (103) | ​ |  | (25)
Total(1) | ​ | $ | 18 | ​ | $ | 39 | ​ | $ | 756 | ​ | $ | 979
(1) | Excludes netting of cash collateral received and posted. The total collateral posted at December 31, 2024 and 2023 was $1.5 billion and $1.7 billion, respectively, across all counterparties, which are included in cash held at consolidated affiliated partnerships and restricted cash in the consolidated balance sheets.
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Gain (Loss) Recognized in Income(1)
​ | Year Ended December 31,
​ | 2024 |  | 2023 |  | 2022
​ | ​ | ​ | ​ | ​ | ​ | ​
Equity contracts | $ | (201) | ​ | $ | (903) | ​ | $ | 456
Credit contracts |  | (29) | ​ |  | (87) | ​ |  | (586)
Commodity contracts |  | 16 | ​ |  | (26) | ​ |  | (1)
​ | $ | (214) | ​ | $ | (1,016) | ​ | $ | (131)
(1) | Gains (losses) recognized on derivatives are classified in net (loss) gain from investment activities in our consolidated statements of operations for our Investment segment.
Energy |
Derivative |
Fair value and income recognized for derivatives not designated as hedging instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Derivative Assets | ​ | Derivative Liabilities
​ |  | December 31, 2024 |  | December 31, 2023 |  | December 31, 2024 |  | December 31, 2023
​ | ​ | ​ | (in millions)
Commodity contracts | ​ | $ | 17 | ​ | $ | 31 | ​ | $ | 13 | ​ | $ | 6
Netting across contract types(1) | ​ |  | (13) | ​ |  | (6) | ​ |  | (13) | ​ |  | (6)
Total(1) | ​ | $ | 4 | ​ | $ | 25 | ​ | $ | — | ​ | $ | —
| (1) | Excludes netting of derivatives primarily related to initial margin requirements of $3 million and $13 million at December 31, 2024 and 2023, respectively, which was not offset against derivatives liabilities, net in the consolidated balance sheets.

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480237/815-40-50-5 + Details
Name: | us-gaap_DerivativeLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1A + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4CC + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=iep_EnergySegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |