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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Net sales $ 2,316 $ 2,231 $ 6,461 $ 6,855
Other revenues from operations 168 182 508 538
Net (loss) gain from investment activities (48) 257 (516) (318)
Interest and dividend income 70 115 222 380
Gain (loss) on disposition of assets, net 218 (1) 262 (6)
Other income, net 1 7 24 13
Total revenues 2,725 2,791 6,961 7,462
Expenses:        
Cost of goods sold 1,685 2,227 5,819 6,426
Other expenses from operations 150 151 455 450
Selling, general and administrative 218 202 626 578
Dividend expense 10 14 25 47
Impairment     12  
Restructuring, net 2   7 1
Interest expense 122 130 379 394
Total Expenses 2,187 2,724 7,323 7,896
Income (loss) before income tax expense 538 67 (362) (434)
Income tax (expense) benefit (127) 13 (8) 2
Net income (loss) 411 80 (370) (432)
Less: net income (loss) attributable to non-controlling interests 124 58 (70) (85)
Net income (loss) attributable to Icahn Enterprises 287 22 (300) (347)
Net income (loss) attributable to Icahn Enterprises allocated to:        
Limited partners 281 22 (295) (340)
General partner 6   (5) (7)
Net income (loss) attributable to Icahn Enterprises $ 287 $ 22 $ (300) $ (347)
Basic income (loss) per LP unit:        
Basic income (loss) per LP unit (in dollars per share) $ 0.49 $ 0.05 $ (0.54) $ (0.75)
Basic weighted average LP units outstanding (in shares) 575 477 548 452
Diluted income loss per LP unit        
Diluted income (loss) per LP unit (in dollars per share) $ 0.49 $ 0.05 $ (0.54) $ (0.75)
Diluted weighted average LP units outstanding (in shares) 575 477 548 452
Distributions declared per LP unit (in dollars per share) $ 0.5 $ 1 $ 1.5 $ 3