XML 42 R47.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2019
Income Tax Disclosure [Abstract]  
difference in book basis and tax basis of net assets not subject to income taxes [Table Text Block]
Icahn EnterprisesIcahn Enterprises Holdings
December 31,December 31,
  2019201820192018
(in millions) (in millions) 
Book basis of net assets$5,456  $6,560  $5,453  $6,588  
Book/tax basis difference(1,397) (1,940) (1,397) (1,940) 
Tax basis of net assets$4,059  $4,620  $4,056  $4,648  
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]
Year Ended December 31,
  201920182017
(in millions)
Domestic$(1,765) $235  $1,836  
International26  (12) 30  
$(1,739) $223  $1,866  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
Year Ended December 31,
  201920182017
(in millions)
Current:        
Domestic$(106) $(11) $(15) 
International(3) (4) (13) 
Total current(109) (15) (28) 
Deferred:  
Domestic87  30  547  
International (1) 13  
Total deferred89  29  560  
$(20) $14  $532  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
Year Ended December 31,
  201920182017
(in millions) 
Income tax benefit (expense) at U.S. statutory rate$365     $(47)    $(653) 
Tax effect from:
Valuation allowance(63)    (4)    529  
Non-controlling interest(4) 26  (6) 
Goodwill impairment—  (18) —  
Stock dispositions—     69     —  
Income not subject to taxation(314)    14     220  
Enactment of U.S. tax legislation, net of valuation allowance—  —  392  
Other(4)    (26)    50  
Income tax benefit (expense)$(20)    $14     $532  
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
December 31,
  20192018
(in millions)
Deferred tax assets:
Property, plant and equipment$17   $17  
Net operating loss791   791  
Tax credits29   46  
Capital loss155  50  
Leases133  —  
Other71   82  
Total deferred tax assets1,196   986  
Less: Valuation allowance(619)  (518) 
Net deferred tax assets$577   $468  
Deferred tax liabilities: 
Property, plant and equipment$(125)  $(129) 
Intangible assets(37)  (33) 
Investment in partnerships(652) (699) 
Investment in U.S. subsidiaries(184)  (184) 
Leases(125) —  
Other(61)  (79) 
Total deferred tax liabilities(1,184) (1,124) 
$(607)  $(656) 
Schedule of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns Roll Forward [Table Text Block]
Year Ended December 31,
  201920182017
(in millions) 
Balance at January 1$34   $34   $52  
Addition based on tax positions related to the current year  —  —  
Increase for tax positions of prior years—    —  
Decrease for tax positions of prior years—   —  (3) 
Decrease for statute of limitation expiration(3)  (6) (15) 
Balance at December 31$33   $34   $34