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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Net sales $ 2,143 $ 2,371 $ 4,145 $ 4,624
Other revenues from operations 172 182 340 356
Net loss from investment activities (74) (479) (468) (575)
Interest and dividend income 69 122 152 265
Gain (loss) on disposition of assets, net 47 1 44 (5)
Other income, net 12 4 23 6
Total revenues 2,369 2,201 4,236 4,671
Expenses:        
Cost of goods sold 2,118 2,208 4,134 4,199
Other expenses from operations 154 150 305 299
Selling, general and administrative 207 183 408 376
Dividend expense 7 13 15 33
Impairment 2   12  
Restructuring, net (2) 1 5 1
Interest expense 129 128 257 264
Total Expenses 2,615 2,683 5,136 5,172
Loss before income tax expense (246) (482) (900) (501)
Income tax benefit (expense) 45 (4) 119 (11)
Net loss (201) (486) (781) (512)
Less: net loss attributable to non-controlling interests (36) (155) (194) (143)
Net loss attributable to Icahn Enterprises (165) (331) (587) (369)
Net loss attributable to Icahn Enterprises allocated to:        
Limited partners (162) (325) (576) (362)
General partner (3) (6) (11) (7)
Net loss attributable to Icahn Enterprises $ (165) $ (331) $ (587) $ (369)
Basic income loss per LP unit:        
Basic income loss per LP unit (in dollars per share) $ (0.3) $ (0.72) $ (1.08) $ (0.82)
Basic weighted average LP units outstanding (in shares) 545 450 534 440
Diluted income loss per LP unit        
Diluted income loss per LP unit (in dollars per share) $ (0.3) $ (0.72) $ (1.08) $ (0.82)
Diluted weighted average LP units outstanding (in shares) 545 450 534 440
Distributions declared per LP unit (in dollars per share) $ 0.5 $ 1 $ 1 $ 2