XML 81 R71.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Statement of Operations By Reporting Segment (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Net sales $ 3,548 $ 3,565
Other revenues from operations 446 329
Net gain from investment activities (936) 591
Interest and dividend income 42 53
Other (loss) income, net 27 (27)
Total Revenues 3,127 4,511
Expenses:    
Cost of goods sold 3,123 3,125
Other expenses from operations 246 155
Selling, general and administrative 518 477
Restructuring 15 12
Impairment 577 1
Interest expense 241 270
Total Expenses 4,720 4,040
Income before income tax expense (1,593) 471
Income tax expense (16) (49)
Net (loss) income (1,609) 422
Less: net loss (income) attributable to non-controlling interests 772 (261)
Net (loss) income attributable to Icahn Enterprises (837) 161
Supplemental information:    
Capital expenditures 210 363
Depreciation and amortization [1] 230 204
Amortization included in interest expense 4 3
Investment Segment [Member]    
Revenues:    
Net sales 0 0
Other revenues from operations 0 0
Net gain from investment activities (945) 570
Interest and dividend income 38 49
Other (loss) income, net (1) 0
Total Revenues (908) 619
Expenses:    
Cost of goods sold 0 0
Other expenses from operations 0 0
Selling, general and administrative (12) 100
Restructuring 0 0
Impairment 0 0
Interest expense 87 123
Total Expenses 75 223
Income before income tax expense (983) 396
Income tax expense 0 0
Net (loss) income (983) 396
Less: net loss (income) attributable to non-controlling interests 533 (212)
Net (loss) income attributable to Icahn Enterprises (450) 184
Supplemental information:    
Capital expenditures 0 0
Depreciation and amortization [1] 0 0
Automotive Segment [Member]    
Revenues:    
Net sales 2,321 1,835
Other revenues from operations 80 0
Net gain from investment activities 0 0
Interest and dividend income 1 1
Other (loss) income, net 24 9
Total Revenues 2,426 1,845
Expenses:    
Cost of goods sold 1,912 1,584
Other expenses from operations 76 0
Selling, general and administrative 350 217
Restructuring 15 12
Impairment 3 1
Interest expense 39 36
Total Expenses 2,395 1,850
Income before income tax expense 31 (5)
Income tax expense 3 (15)
Net (loss) income 28 (20)
Less: net loss (income) attributable to non-controlling interests (7) 2
Net (loss) income attributable to Icahn Enterprises 21 (18)
Supplemental information:    
Capital expenditures 99 108
Depreciation and amortization [1] 104 83
Energy Segment [Member]    
Revenues:    
Net sales 906 1,389
Other revenues from operations 0 0
Net gain from investment activities 0 35
Interest and dividend income 0 1
Other (loss) income, net (1) (51)
Total Revenues 905 1,374
Expenses:    
Cost of goods sold 927 1,237
Other expenses from operations 0 0
Selling, general and administrative 35 32
Restructuring 0 0
Impairment 574 0
Interest expense 11 12
Total Expenses 1,547 1,281
Income before income tax expense (642) 93
Income tax expense (28) (18)
Net (loss) income (614) 75
Less: net loss (income) attributable to non-controlling interests 261 (32)
Net (loss) income attributable to Icahn Enterprises (353) 43
Supplemental information:    
Capital expenditures 48 46
Depreciation and amortization [1] 56 58
Metals Segment [Member]    
Revenues:    
Net sales 58 106
Other revenues from operations 0 0
Net gain from investment activities 0 0
Interest and dividend income 0 0
Other (loss) income, net 0 0
Total Revenues 58 106
Expenses:    
Cost of goods sold 64 116
Other expenses from operations 0 0
Selling, general and administrative 4 5
Restructuring 0 0
Impairment 0 0
Interest expense 0 0
Total Expenses 68 121
Income before income tax expense (10) (15)
Income tax expense (4) 6
Net (loss) income (6) (9)
Less: net loss (income) attributable to non-controlling interests 0 0
Net (loss) income attributable to Icahn Enterprises (6) (9)
Supplemental information:    
Capital expenditures 1 15
Depreciation and amortization [1] 6 7
Railcar Segment [Member]    
Revenues:    
Net sales 124 103
Other revenues from operations 132 117
Net gain from investment activities 0 0
Interest and dividend income 1 1
Other (loss) income, net 2 0
Total Revenues 259 221
Expenses:    
Cost of goods sold 102 82
Other expenses from operations 54 48
Selling, general and administrative 12 11
Restructuring 0 0
Impairment 0 0
Interest expense 23 20
Total Expenses 191 161
Income before income tax expense 68 60
Income tax expense 18 (16)
Net (loss) income 50 44
Less: net loss (income) attributable to non-controlling interests (14) (17)
Net (loss) income attributable to Icahn Enterprises 36 27
Supplemental information:    
Capital expenditures 39 162
Depreciation and amortization [1] 34 29
Gaming Segment [Member]    
Revenues:    
Net sales 0 0
Other revenues from operations 218 193
Net gain from investment activities 0 0
Interest and dividend income 0 0
Other (loss) income, net 0 (1)
Total Revenues 218 192
Expenses:    
Cost of goods sold 0 0
Other expenses from operations 106 96
Selling, general and administrative 97 82
Restructuring 0 0
Impairment 0 0
Interest expense 3 3
Total Expenses 206 181
Income before income tax expense 12 11
Income tax expense 6 (4)
Net (loss) income 6 7
Less: net loss (income) attributable to non-controlling interests (3) (2)
Net (loss) income attributable to Icahn Enterprises 3 5
Supplemental information:    
Capital expenditures 16 26
Depreciation and amortization [1] 17 15
Mining segment [Member]    
Revenues:    
Net sales 10 0
Other revenues from operations 0 0
Net gain from investment activities 0 0
Interest and dividend income 0 0
Other (loss) income, net (3) 0
Total Revenues 7 0
Expenses:    
Cost of goods sold 14 0
Other expenses from operations 0 0
Selling, general and administrative 4 0
Restructuring 0 0
Impairment 0 0
Interest expense 1 0
Total Expenses 19 0
Income before income tax expense (12) 0
Income tax expense 1 0
Net (loss) income (13) 0
Less: net loss (income) attributable to non-controlling interests 3 0
Net (loss) income attributable to Icahn Enterprises (10) 0
Supplemental information:    
Capital expenditures 2 0
Depreciation and amortization [1] 1 0
Food Packaging Segment [Member]    
Revenues:    
Net sales 77 85
Other revenues from operations 0 0
Net gain from investment activities 0 0
Interest and dividend income 0 0
Other (loss) income, net 4 (3)
Total Revenues 81 82
Expenses:    
Cost of goods sold 61 66
Other expenses from operations 0 0
Selling, general and administrative 12 12
Restructuring 0 0
Impairment 0 0
Interest expense 3 3
Total Expenses 76 81
Income before income tax expense 5 1
Income tax expense 1 (1)
Net (loss) income 4 0
Less: net loss (income) attributable to non-controlling interests (1) 0
Net (loss) income attributable to Icahn Enterprises 3 0
Supplemental information:    
Capital expenditures 3 4
Depreciation and amortization [1] 5 5
Real Estate Segment [Member]    
Revenues:    
Net sales 2 0
Other revenues from operations 16 19
Net gain from investment activities 0 0
Interest and dividend income 0 0
Other (loss) income, net 1 19
Total Revenues 19 38
Expenses:    
Cost of goods sold 1 0
Other expenses from operations 10 11
Selling, general and administrative 3 3
Restructuring 0 0
Impairment 0 0
Interest expense 1 1
Total Expenses 15 15
Income before income tax expense 4 23
Income tax expense 0 0
Net (loss) income 4 23
Less: net loss (income) attributable to non-controlling interests 0 0
Net (loss) income attributable to Icahn Enterprises 4 23
Supplemental information:    
Capital expenditures 0 0
Depreciation and amortization [1] 5 5
Home Fashion Segment [Member]    
Revenues:    
Net sales 50 47
Other revenues from operations 0 0
Net gain from investment activities 0 0
Interest and dividend income 0 0
Other (loss) income, net 1 0
Total Revenues 51 47
Expenses:    
Cost of goods sold 42 40
Other expenses from operations 0 0
Selling, general and administrative 9 8
Restructuring 0 0
Impairment 0 0
Interest expense 0 0
Total Expenses 51 48
Income before income tax expense 0 (1)
Income tax expense 0 0
Net (loss) income 0 (1)
Less: net loss (income) attributable to non-controlling interests 0 0
Net (loss) income attributable to Icahn Enterprises 0 (1)
Supplemental information:    
Capital expenditures 2 2
Depreciation and amortization [1] 2 2
Holding Company [Member]    
Revenues:    
Net sales 0 0
Other revenues from operations 0 0
Net gain from investment activities 9 (14)
Interest and dividend income 2 1
Other (loss) income, net 0 0
Total Revenues 11 (13)
Expenses:    
Cost of goods sold 0 0
Other expenses from operations 0 0
Selling, general and administrative 4 7
Restructuring 0 0
Impairment 0 0
Interest expense 73 72
Total Expenses 77 79
Income before income tax expense (66) (92)
Income tax expense 19 (1)
Net (loss) income (85) (93)
Less: net loss (income) attributable to non-controlling interests 0 0
Net (loss) income attributable to Icahn Enterprises (85) (93)
Supplemental information:    
Capital expenditures 0 0
Depreciation and amortization [1] 0 0
Icahn Enterprises Holdings [Member]    
Revenues:    
Net sales 3,548 3,565
Other revenues from operations 446 329
Net gain from investment activities (936) 591
Interest and dividend income 42 53
Other (loss) income, net 27 (27)
Total Revenues 3,127 4,511
Expenses:    
Cost of goods sold 3,123 3,125
Other expenses from operations 246 155
Selling, general and administrative 518 477
Restructuring 15 12
Impairment 577 1
Interest expense 241 270
Total Expenses 4,720 4,040
Income before income tax expense (1,593) 471
Income tax expense (16) (49)
Net (loss) income (1,609) 422
Less: net loss (income) attributable to non-controlling interests 772 (261)
Net (loss) income attributable to Icahn Enterprises (837) 161
Supplemental information:    
Amortization included in interest expense 4 3
Icahn Enterprises Holdings [Member] | Investment Segment [Member]    
Expenses:    
Interest expense 87 123
Net (loss) income (983) 396
Net (loss) income attributable to Icahn Enterprises (450) 184
Icahn Enterprises Holdings [Member] | Automotive Segment [Member]    
Expenses:    
Interest expense 39 36
Net (loss) income 28 (20)
Net (loss) income attributable to Icahn Enterprises 21 (18)
Icahn Enterprises Holdings [Member] | Energy Segment [Member]    
Expenses:    
Interest expense 11 12
Net (loss) income (614) 75
Net (loss) income attributable to Icahn Enterprises (353) 43
Icahn Enterprises Holdings [Member] | Metals Segment [Member]    
Expenses:    
Interest expense 0 0
Net (loss) income (6) (9)
Net (loss) income attributable to Icahn Enterprises (6) (9)
Icahn Enterprises Holdings [Member] | Railcar Segment [Member]    
Expenses:    
Interest expense 23 20
Net (loss) income 50 44
Net (loss) income attributable to Icahn Enterprises 36 27
Icahn Enterprises Holdings [Member] | Gaming Segment [Member]    
Expenses:    
Interest expense 3 3
Net (loss) income 6 7
Net (loss) income attributable to Icahn Enterprises 3 5
Icahn Enterprises Holdings [Member] | Mining segment [Member]    
Expenses:    
Interest expense 1 0
Net (loss) income (13) 0
Net (loss) income attributable to Icahn Enterprises (10) 0
Icahn Enterprises Holdings [Member] | Food Packaging Segment [Member]    
Expenses:    
Interest expense 3 3
Net (loss) income 4 0
Net (loss) income attributable to Icahn Enterprises 3 0
Icahn Enterprises Holdings [Member] | Real Estate Segment [Member]    
Expenses:    
Interest expense 1 1
Net (loss) income 4 23
Net (loss) income attributable to Icahn Enterprises 4 23
Icahn Enterprises Holdings [Member] | Home Fashion Segment [Member]    
Expenses:    
Interest expense 0 0
Net (loss) income 0 (1)
Net (loss) income attributable to Icahn Enterprises 0 (1)
Icahn Enterprises Holdings [Member] | Holding Company [Member]    
Expenses:    
Interest expense 73 72
Net (loss) income (85) (93)
Net (loss) income attributable to Icahn Enterprises $ (85) $ (93)
[1] Excludes amounts related to the amortization of deferred financing costs and debt discounts and premiums included in interest expense in the amounts of $4 million and $3 million for the three months ended March 31, 2016 and 2015, respectively.