XML 62 R48.htm IDEA: XBRL DOCUMENT v3.3.1.900
Schedule I (Tables) - Parent Company [Member]
 12 Months Ended
Dec. 31, 2015
Condensed Financial Statements, Captions [Line Items]  
Financial Statement Schedule, Parent Company Balance Sheet [Table Text Block]
SCHEDULE I

ICAHN ENTERPRISES, L.P.
(Parent Company)

CONDENSED BALANCE SHEETS


 
December 31,
 
2015
 
2014
 
(In millions, except unit amounts)
ASSETS
 
 
 
Investments in subsidiaries, net
$
9,577

 
$
11,028

Deferred financing costs
6

 
8

Total Assets
$
9,583

 
$
11,036

 
 
 
 
LIABILITIES AND EQUITY
 
 
 
Accrued expenses and other liabilities
$
106

 
$
107

Debt
5,490

 
5,486

 
5,596

 
5,593

 
 
 
 
Commitments and contingencies (Note 3)
 
 
 
 
 
 
 
Equity:
 
 
 
Limited partners: Depositary units: 131,481,059 and 123,103,414 units issued and outstanding at December 31, 2015 and 2014, respectively
4,244

 
5,672

General partner
(257
)
 
(229
)
Total equity
3,987

 
5,443

Total Liabilities and Equity
$
9,583

 
$
11,036
Financial Statement Schedule, Parent Company Statement of Operations [Table Text Block]
SCHEDULE I

ICAHN ENTERPRISES, L.P.  
(Parent Company)

CONDENSED STATEMENTS OF OPERATIONS


 
Year Ended December 31,
 
2015
 
2014
 
2013
 
(In millions)
Interest expense
$
(289
)
 
$
(292
)
 
$
(302
)
Loss on extinguishment of debt
—

 
(108
)
 
—

Equity in (loss) earnings of subsidiaries
(905
)
 
27

 
1,327

Net (loss) income
$
(1,194
)
 
$
(373
)
 
$
1,025

Net (loss) income allocable to:
 
 
 
 
 
     Limited partners
$
(1,170
)
 
$
(366
)
 
$
1,005

     General partner
(24
)
 
(7
)
 
20

 
$
(1,194
)
 
$
(373
)
 
$
1,025
Financial Statement Schedule, Parent Company Statement of Cash Flows [Table Text Block]
SCHEDULE I

ICAHN ENTERPRISES, L.P.
(Parent Company)

CONDENSED STATEMENTS OF CASH FLOWS


 
Year Ended December 31,
 
2015
 
2014
 
2013
 
(In millions)
Cash flows from operating activities:
 
 
 
 
 
Net (loss) income
$
(1,194
)
 
$
(373
)
 
$
1,025

Adjustments to reconcile net (loss) income to net cash used in operating activities:
 
 
 
 
 
     Amortization of deferred financing costs
1

 
1

 
2

     Loss on extinguishment of debt
—

 
108

 
—

     Equity in (income) loss of subsidiary
905

 
(27
)
 
(1,327
)
Net cash used in operating activities
(288
)
 
(291
)
 
(300
)
Cash flows from investing activities:
 
 
 
 
 
Net investment in and advances from subsidiary
404

 
(951
)
 
(173
)
Net cash provided by (used in) investing activities
404

 
(951
)
 
(173
)
Cash flows from financing activities:
 
 
 
 
 
Partnership distributions
(116
)
 
(125
)
 
(51
)
Partnership contributions
—

 
—

 
587

Proceeds from borrowings
—

 
4,991

 
493

Repayments of borrowings
—

 
(3,624
)
 
(556
)
Net cash (used in) provided by financing activities
(116
)
 
1,242

 
473

Net change in cash and cash equivalents
—

 
—

 
—

Cash and cash equivalents, beginning of period
—

 
—

 
—

Cash and cash equivalents, end of period
$
—

 
$
—

 
$
—
Financial Statement Schedule, Parent Company Debt Note [Table Text Block]
See Note 10, “Debt,” to the consolidated financial statements located in Part II, Item 8 of this Report. Icahn Enterprises' Parent company debt consists of the following:
 
December 31,
 
2015
 
2014
 
(in millions)
Senior unsecured 5.875% notes due 2022
$
1,339

 
$
1,337

Senior unsecured 6.00% notes due 2020
1,707

 
1,708

Senior unsecured 4.875% notes due 2019
1,271

 
1,270

Senior unsecured 3.5% notes due 2017
1,173

 
1,171

Total debt
$
5,490

 
$
5,486
Icahn Enterprises Holdings [Member]  
Condensed Financial Statements, Captions [Line Items]  
Financial Statement Schedule, Parent Company Balance Sheet [Table Text Block]
SCHEDULE I

ICAHN ENTERPRISES HOLDINGS L.P.
(Parent Company)  
CONDENSED BALANCE SHEETS

 
December 31,
 
2015
 
2014
 
(in millions)
ASSETS
 
 
 
Cash and cash equivalents
$
51

 
$
388

Other assets
223

 
114

Investments in subsidiaries, net
9,363

 
10,592

Total Assets
$
9,637

 
$
11,094

LIABILITIES AND EQUITY
 
 
 
Accrued expenses and other liabilities
$
109

 
$
111

Debt
5,517

 
5,517

 
5,626

 
5,628

 
 
 
 
Commitments and contingencies (Note 3)
 
 
 
 
 
 
 
Equity:
 
 
 
Limited partner
4,310

 
5,751

General partner
(299
)
 
(285
)
Total equity
4,011

 
5,466

Total Liabilities and Equity
$
9,637

 
$
11,094
Financial Statement Schedule, Parent Company Statement of Operations [Table Text Block]
SCHEDULE I 

ICAHN ENTERPRISES HOLDINGS L.P.
(Parent Company)
CONDENSED STATEMENTS OF OPERATIONS

 
Year Ended December 31,
 
2015
 
2014
 
2013
 
(in millions)
Interest and dividend income
$
—

 
$
1

 
$
—

Loss on extinguishment of debt
—

 
(108
)
 
—

Equity in (loss) earnings of subsidiaries
(903
)
 
28

 
1,342

Other income, net
28

 
20

 
15

 
(875
)
 
(59
)
 
1,357

Interest expense
291

 
290

 
305

Selling, general and administrative
27

 
23

 
27

 
318

 
313

 
332

Net (loss) income
$
(1,193
)
 
$
(372
)
 
$
1,025

Net (loss) income allocable to:
 
 
 
 
 
     Limited partner
$
(1,181
)
 
$
(368
)
 
$
1,015

     General partner
(12
)
 
(4
)
 
10

 
$
(1,193
)
 
$
(372
)
 
$
1,025
Financial Statement Schedule, Parent Company Statement of Cash Flows [Table Text Block]
SCHEDULE I

ICAHN ENTERPRISES HOLDINGS L.P.
(Parent Company)
CONDENSED STATEMENTS OF CASH FLOWS
 
Year Ended December 31,
 
2015
 
2014
 
2013
 
(in millions)
Cash flows from operating activities:
 
 
 
 
 
Net (loss) income
$
(1,193
)
 
$
(372
)
 
$
1,025

Adjustments to reconcile net (loss) income to net cash used in operating activities:
 
 
 
 
 
     Equity in (income) loss of subsidiary
903

 
(28
)
 
(1,342
)
     Loss on extinguishment of debt
—

 
108

 
—

     Investment gains
—

 
—

 
—

     Depreciation and amortization
2

 
5

 
(1
)
     Other, net
(16
)
 
—

 
—

     Change in operating assets and liabilities
(4
)
 
(47
)
 
18

Net cash used in operating activities
(308
)
 
(334
)
 
(300
)
Cash flows from investing activities:
 
 
 
 
 
Net investment in subsidiaries
155

 
(661
)
 
(128
)
Purchase of investments
(96
)
 
—

 
—

Other, net
28

 
9

 
4

Net cash provided by (used in) investing activities
87

 
(652
)
 
(124
)
Cash flows from financing activities:
 
 
 
 
 
Partnership distributions
(116
)
 
(125
)
 
(51
)
Partner contribution
—

 
—

 
593

Proceeds from borrowings
—

 
4,991

 
493

Repayments of borrowings
—

 
(3,634
)
 
(576
)
Net cash (used in) provided by financing activities
(116
)
 
1,232

 
459

Net change in cash and cash equivalents
(337
)
 
246

 
35

Cash and cash equivalents, beginning of period
388

 
142

 
107

Cash and cash equivalents, end of period
$
51

 
$
388

 
$
142
Financial Statement Schedule, Parent Company Debt Note [Table Text Block]
See Note 10, “Debt,” to the consolidated financial statements located in Part II, Item 8 of this Report. Icahn Enterprises Holdings' Parent company debt consists of the following:
 
December 31,
 
2015
 
2014
 
(in millions)
Senior unsecured 5.875% notes due 2022
$
1,339

 
1,337

Senior unsecured 6.00% notes due 2020
1,707

 
1,708

Senior unsecured 4.875% notes due 2019
1,271

 
1,270

Senior unsecured 3.5% notes due 2017
1,173

 
1,171

Mortgages payable
27

 
31

Total debt
$
5,517

 
$
5,517