Icahn Enterprises (IEP) 10-Q4 Nov 222022 Q3 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	9 Months Ended
Cover - shares	Sep. 30, 2022	Nov. 03, 2022
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	1-9516
Entity Registrant Name	ICAHN ENTERPRISES L.P.
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	16690 Collins Avenue
Entity Address, Address Line Two	PH-1
Entity Tax Identification Number	13-3398766
Entity Address, City or Town	Sunny Isles Beach,
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33160
City Area Code	305
Local Phone Number	422-4100
Title of 12(b) Security	Depositary Units of Icahn Enterprises L.P. Representing Limited Partner Interests
Trading Symbol	IEP
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		337,473,951
Entity Central Index Key	0000813762
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 2,432	$ 2,321
Cash held at consolidated affiliated partnerships and restricted cash	4,778	2,115
Investments	4,877	9,151
Due from brokers	5,747	5,530
Accounts receivable, net	610	546
Inventories, net	1,674	1,478
Property, plant and equipment, net	4,057	4,085
Derivative assets, net	1,511	612
Goodwill	286	290
Intangible assets, net	547	595
Other assets	1,001	1,023
Total Assets	27,520	27,746
LIABILITIES AND EQUITY
Accounts payable	1,007	805
Accrued expenses and other liabilities	2,019	1,778
Deferred tax liabilities	344	390
Derivative liabilities, net	713	787
Securities sold, not yet purchased, at fair value	5,382	5,340
Due to brokers	1,061	1,611
Debt	7,127	7,692
Total liabilities	17,653	18,403
Commitments and contingencies (Note 16)
Equity:
Limited partners: Depositary units: 337,473,951 units issued and outstanding at September 30, 2022 and 293,403,243 units issued and outstanding at December 31, 2021	4,748	4,298
General partner	(745)	(754)
Equity attributable to Icahn Enterprises	4,003	3,544
Equity attributable to non-controlling interests	5,864	5,799
Total equity	9,867	9,343
Total Liabilities and Equity	$ 27,520	$ 27,746

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parentheticals) - shares	Sep. 30, 2022	Dec. 31, 2021
Equity:
Limited partners: Depositary units issued	337,473,951	293,403,243
Limited partners: Depositary units outstanding	337,473,951	293,403,243

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues:
Net sales	$ 3,334	$ 2,657	$ 10,098	$ 7,487
Other revenues from operations	197	168	562	486
Net (loss) gain from investment activities	(187)	(177)	310	1,035
Interest and dividend income	88	34	180	94
Other loss, net	(28)	(33)	(150)	(79)
Total revenues	3,404	2,649	11,000	9,023
Expenses:
Cost of goods sold	3,026	2,270	8,738	6,812
Other expenses from operations	156	134	441	381
Selling, general and administrative	305	316	921	930
Restructuring, net		1		6
Interest expense	139	158	424	511
Total Expenses	3,626	2,879	10,524	8,640
(Loss) income before income tax expense (benefit)	(222)	(230)	476	383
Income tax expense (benefit)	7	19	(93)	(57)
Net (loss) income	(215)	(211)	383	326
Less: net (loss) income attributable to non-controlling interests	(92)	(63)	311	448
Net (loss) income attributable to Icahn Enterprises	(123)	(148)	72	(122)
Net (loss) income attributable to Icahn Enterprises allocated to:
Limited partners	(121)	(145)	71	(120)
General partner	(2)	(3)	1	(2)
Net income (loss) attributable to Icahn Enterprises	$ (123)	$ (148)	$ 72	$ (122)
Basic (loss) income per LP unit:
Basic (loss) income per LP unit	$ (0.37)	$ (0.55)	$ 0.23	$ (0.47)
Basic weighted average LP units outstanding	324	266	308	253
Diluted (loss) income per LP unit
Diluted (loss) income per LP unit	$ (0.37)	$ (0.55)	$ 0.23	$ (0.47)
Diluted weighted average LP units outstanding	324	266	308	253
Distributions declared per LP unit	$ 2	$ 2	$ 6	$ 6

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (UNAUDITED) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (UNAUDITED)
Net (loss) income	$ (215)	$ (211)	$ 383	$ 326
Other comprehensive loss, net of tax:
Translation adjustments	(6)	(5)	(13)	(4)
Post-retirement benefits and other	1		1	1
Other comprehensive loss, net of tax	(5)	(5)	(12)	(3)
Comprehensive (loss) income	(220)	(216)	371	323
Less: Comprehensive (loss) income attributable to non-controlling interests	(92)	(64)	311	448
Comprehensive (loss) income attributable to Icahn Enterprises	(128)	(152)	60	(125)
Comprehensive (loss) income attributable to Icahn Enterprises allocated to:
Limited partners	(125)	(149)	59	(123)
General partner	(3)	(3)	1	(2)
Comprehensive (loss) income attributable to Icahn Enterprises	$ (128)	$ (152)	$ 60	$ (125)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($) $ in Millions	General partner Capital Units	Limited partners Capital Units	Total Partners Equity	Non-controlling Interests	Total
Total equity at Dec. 31, 2020	$ (853)	$ 4,236	$ 3,383	$ 5,875	$ 9,258
Increase (Decrease) in Equity
Net (loss) income	3	159	162	437	599
Other comprehensive (loss) income		(1)	(1)		(1)
Partnership distributions payable	(10)	(489)	(499)		(499)
Partnership contributions	4	182	186		186
Investment segment contributions from non-controlling interests				40	40
Changes in subsidiary equity and other		(1)	(1)		(1)
Total equity at Mar. 31, 2021	(856)	4,086	3,230	6,352	9,582
Total equity at Dec. 31, 2020	(853)	4,236	3,383	5,875	9,258
Increase (Decrease) in Equity
Net (loss) income					326
Other comprehensive (loss) income					(3)
Total equity at Sep. 30, 2021	(846)	4,616	3,770	6,237	10,007
Total equity at Mar. 31, 2021	(856)	4,086	3,230	6,352	9,582
Increase (Decrease) in Equity
Net (loss) income	(2)	(134)	(136)	74	(62)
Other comprehensive (loss) income		2	2	1	3
Partnership distributions payable reversal	10	489	499		499
Partnership distributions payable	(1)	(56)	(57)		(57)
Partnership contributions	4	198	202		202
Investment segment contributions from non-controlling interests				6	6
Dividends and distributions to non-controlling interests in subsidiaries				(144)	(144)
Changes in subsidiary equity and other	(1)	(4)	(5)	1	(4)
Total equity at Jun. 30, 2021	(846)	4,581	3,735	6,290	10,025
Increase (Decrease) in Equity
Net (loss) income	(3)	(145)	(148)	(63)	(211)
Other comprehensive (loss) income		(4)	(4)	(1)	(5)
Partnership distributions payable	(1)	(35)	(36)		(36)
Partnership contributions	4	218	222		222
Investment segment contributions from non-controlling interests				22	22
Dividends and distributions to non-controlling interests in subsidiaries				(11)	(11)
Changes in subsidiary equity and other		1	1		1
Total equity at Sep. 30, 2021	(846)	4,616	3,770	6,237	10,007
Total equity at Dec. 31, 2021	(754)	4,298	3,544	5,799	9,343
Increase (Decrease) in Equity
Net (loss) income	6	317	323	562	885
Partnership distributions payable	(12)	(591)	(603)		(603)
Partnership contributions	4	180	184		184
Dividends and distributions to non-controlling interests in subsidiaries				(36)	(36)
Changes in subsidiary equity and other		(5)	(5)	(10)	(15)
Total equity at Mar. 31, 2022	(756)	4,199	3,443	6,315	9,758
Total equity at Dec. 31, 2021	(754)	4,298	3,544	5,799	9,343
Increase (Decrease) in Equity
Net (loss) income					383
Other comprehensive (loss) income					(12)
Total equity at Sep. 30, 2022	(745)	4,748	4,003	5,864	9,867
Total equity at Mar. 31, 2022	(756)	4,199	3,443	6,315	9,758
Increase (Decrease) in Equity
Net (loss) income	(3)	(125)	(128)	(159)	(287)
Other comprehensive (loss) income		(7)	(7)		(7)
Partnership distributions payable reversal	12	591	603		603
Partnership distributions payable	(2)	(100)	(102)		(102)
Partnership contributions	4	210	214		214
Investment segment contributions from non-controlling interests				5	5
Investment segment distributions from/to non-controlling interests				(3)	(3)
Dividends and distributions to non-controlling interests in subsidiaries				(26)	(26)
Changes in subsidiary equity and other	(1)	5	4	(1)	3
Total equity at Jun. 30, 2022	(746)	4,773	4,027	6,131	10,158
Increase (Decrease) in Equity
Net (loss) income	(2)	(121)	(123)	(92)	(215)
Other comprehensive (loss) income		(5)	(5)		(5)
Partnership distributions payable	(1)	(59)	(60)		(60)
Partnership contributions	4	160	164		164
Investment segment distributions from/to non-controlling interests				(19)	(19)
Dividends and distributions to non-controlling interests in subsidiaries				(156)	(156)
Total equity at Sep. 30, 2022	$ (745)	$ 4,748	$ 4,003	$ 5,864	$ 9,867

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net income	$ 383	$ 326
Adjustments to reconcile net income to net cash provided by operating activities:
Net gain from securities transactions	(178)	(1,603)
Purchases of securities	(883)	(1,991)
Proceeds from sales of securities	4,920	3,246
Payments to cover securities sold, not yet purchased	(2,623)	(2,325)
Proceeds from securities sold, not yet purchased	2,925	3,626
Changes in receivables and payables relating to securities transactions	(768)	(1,672)
Changes in derivative assets and liabilities	(966)	(171)
Gain on disposition of assets, net	(3)
Depreciation and amortization	380	385
Deferred taxes	(44)	18
Other, net	48	60
Changes in other operating assets and liabilities	149	167
Net cash provided by operating activities	3,340	66
Cash flows from investing activities:
Capital expenditures	(254)	(239)
Turnaround expenditures	(74)	(3)
Acquisition of businesses, net of cash acquired		(20)
Proceeds from sale of investments	153	422
Proceeds from disposition of businesses and assets	4	60
Net cash (used in) provided by investing activities	(171)	220
Cash flows from financing activities:
Investment segment distributions from non-controlling interests	(14)	62
Partnership contributions	560	586
Partnership distributions	(162)	(92)
Dividends and distributions to non-controlling interests in subsidiaries	(218)	(81)
Proceeds from Holding Company senior unsecured notes		1,214
Repayments of Holding Company senior unsecured notes	(500)	(1,205)
Proceeds from subsidiary borrowings	91	1,116
Repayments of subsidiary borrowings	(155)	(1,477)
Other, net	(5)	(13)
Net cash (used in) provided by financing activities	(403)	110
Effect of exchange rate changes on cash and cash equivalents and restricted cash and restricted cash equivalents	8	5
Net increase in cash and cash equivalents and restricted cash and restricted cash equivalents	2,774	401
Cash and cash equivalents and restricted cash and restricted cash equivalents, beginning of period	4,436	3,291
Cash and cash equivalents and restricted cash and restricted cash equivalents, end of period	$ 7,210	$ 3,692

Description of Business

Description of Business	9 Months Ended
Description of Business	Sep. 30, 2022
Description of Business
Description of Business	1. Description of Business Overview Icahn Enterprises L.P. (“Icahn Enterprises”) is a master limited partnership formed in Delaware on February 17, 1987. References to “we,” “our” or “us” herein include both Icahn Enterprises and Icahn Enterprises Holdings and their subsidiaries, unless the context otherwise requires. Icahn Enterprises owns a 99% limited partner interest in Icahn Enterprises Holdings L.P. (“Icahn Enterprises Holdings”). Icahn Enterprises Holdings and its subsidiaries own substantially all of our assets and liabilities and conduct substantially all of our operations. Icahn Enterprises G.P. Inc. (“Icahn Enterprises GP”), which is indirectly owned and controlled by Mr. Carl C. Icahn, owns a 1% general partner interest in each of Icahn Enterprises and Icahn Enterprises Holdings as of September 30, 2022, representing an aggregate 1.99% general partner interest in Icahn Enterprises Holdings and us. Mr. Icahn and his affiliates owned approximately 86% of our outstanding depositary units as of September 30, 2022. Description of Continuing Operating Businesses We are a diversified holding company owning subsidiaries currently engaged in the following continuing operating businesses: Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion and Pharma. In addition, we operated our Metals segment until sold in December 2021. We also report the results of our Holding Company, which includes the results of certain subsidiaries of Icahn Enterprises (unless otherwise noted), and investment activity and expenses associated with our Holding Company. See Note 12, “Segment Reporting,” for a reconciliation of each of our reporting segment’s results of operations to our consolidated results. Certain additional information with respect to our segments is discussed below. Investment Our Investment segment is comprised of various private investment funds (“Investment Funds”) in which we have general partner interests and through which we invest our proprietary capital. As general partner, we provide investment advisory and certain administrative and back-office services to the Investment Funds but do not provide such services to any other entities, individuals or accounts. We and certain of Mr. Icahn’s family members and affiliates are the only investors in the Investment Funds. Interests in the Investment Funds are not offered to outside investors. We had interests in the Investment Funds with a fair value of approximately $4.4 billion and $4.2 billion as of September 30, 2022 and December 31, 2021, respectively. Energy We conduct our Energy segment through our majority owned subsidiary, CVR Energy, Inc. (“CVR Energy”). CVR Energy is a diversified holding company primarily engaged in the petroleum refining and nitrogen fertilizer manufacturing businesses through its holdings in CVR Refining, LP (“CVR Refining”) and CVR Partners, LP (“CVR Partners”), respectively. CVR Refining is an independent petroleum refiner and marketer of high value transportation fuels primarily in the form of gasoline and diesel fuels, as well as renewable diesel. CVR Partners produces and markets nitrogen fertilizers in the form of urea ammonium nitrate and ammonia. CVR Energy has a general partner interest in each of CVR Refining and CVR Partners. In addition, CVR Energy is the sole limited partner of CVR Refining and owns approximately 37% outstanding common units of CVR Partners as of September 30, 2022. As of September 30, 2022, we owned approximately 71% of the total outstanding common stock of CVR Energy. Automotive We conduct our Automotive segment through our wholly owned subsidiary, Icahn Automotive Group LLC (“Icahn Automotive”). Icahn Automotive is engaged in the retail and wholesale distribution of automotive parts in the aftermarket (“aftermarket parts”) as well as providing automotive repair and maintenance services (“automotive services”) to its customers. Icahn Automotive’s aftermarket parts and automotive services businesses serve different customer channels and have distinct strategies, opportunities and requirements and therefore are operated as two independent operating companies, each with its own management team. Food Packaging We conduct our Food Packaging segment through our majority owned subsidiary, Viskase Companies, Inc. (“Viskase”). Viskase is a producer of cellulosic, fibrous and plastic casings used to prepare and package processed meat products. As of September 30, 2022, we owned approximately 89% of the total outstanding common stock of Viskase. Real Estate Our Real Estate segment consists primarily of investment properties, the development and sale of single-family homes and the management of a country club. Home Fashion We conduct our Home Fashion segment through our wholly owned subsidiary, WestPoint Home LLC (“WPH”). WPH’s business consists of manufacturing, sourcing, marketing, distributing and selling home fashion consumer products. Pharma We conduct our Pharma segment through our wholly owned subsidiary, Vivus LLC, formerly Vivus, Inc. (“Vivus”). Vivus is a specialty pharmaceutical company with two approved therapies and one product candidate in active clinical development. Metals We conducted our Metals segment through our wholly owned subsidiary, PSC Metals LLC (“PSC Metals”). PSC Metals was principally engaged in the business of collecting, processing and selling ferrous and non-ferrous metals, as well as the processing and distribution of steel pipe and plate products. PSC Metals collected industrial and obsolete scrap metal, processed it into reusable forms and supplied the recycled metals to its customers. On December 7, 2021, we closed on the previously announced sale of 100% of the equity interests in PSC Metals. As a result of the sale of PSC Metals, we no longer operate a Metals segment at December 31, 2021 and September 30, 2022.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	2. Basis of Presentation and Summary of Significant Accounting Policies We conduct and plan to continue to conduct our activities in such a manner as not to be deemed an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). Therefore, no more than 40% of our total assets can be invested in investment securities, as such term is defined in the Investment Company Act. In addition, we do not invest or intend to invest in securities as our primary business. We structure and intend to continue structuring our investments to be taxed as a partnership rather than as a corporation under the applicable publicly traded partnership rules of the Internal Revenue Code, as amended. Events beyond our control, including significant appreciation or depreciation in the market value of certain of our publicly traded holdings or adverse developments with respect to our ownership of certain of our subsidiaries, could result in our inadvertently becoming an investment company that is required to register under the Investment Company Act. Our sales of Federal-Mogul LLC, Tropicana Entertainment Inc., American Railcar Industries, Inc., Ferrous Resources Ltd., and PSC Metals in recent years did not result in our being considered an investment company. However, additional transactions involving the sale of certain assets could result in our being considered an investment company. Following such events or transactions, an exemption under the Investment Company Act would provide us up to one year to take steps to avoid becoming classified as an investment company. We expect to take steps to avoid becoming classified as an investment company, but no assurance can be made that we will successfully be able to take the steps necessary to avoid becoming classified as an investment company. The accompanying condensed consolidated financial statements and related notes should be read in conjunction with our consolidated financial statements and related notes contained in our Annual Report on Form 10-K for the year ended December 31, 2021. The condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”) related to interim financial statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) have been condensed or omitted pursuant to such rules and regulations. The financial information contained herein is unaudited; however, management believes all adjustments have been made that are necessary to present fairly the results for the interim periods. All such adjustments are of a normal and recurring nature. Principles of Consolidation Our condensed consolidated financial statements include the accounts of (i) Icahn Enterprises and (ii) the wholly and majority owned subsidiaries of Icahn Enterprises, in addition to variable interest entities (“VIEs”) in which we are the primary beneficiary. In evaluating whether we have a controlling financial interest in entities that we consolidate, we consider the following: (1) for voting interest entities, including limited partnerships and similar entities that are not VIEs, we consolidate these entities in which we own a majority of the voting interests; and (2) for VIEs, we consolidate these entities in which we are the primary beneficiary. See below for a discussion of our VIEs. Kick-out rights, which are the rights underlying the limited partners’ ability to dissolve the limited partnership or otherwise remove the general partners, held through voting interests of partnerships and similar entities that are not VIEs are considered the equivalent of the equity interests of corporations that are not VIEs. Except for our Investment segment and Holding Company, for equity investments in which we own 50% or less but greater than 20%, we generally account for such investments using the equity method. All other equity investments are accounted for at fair value. Consolidated Variable Interest Entities We determined that Icahn Enterprises Holdings is a VIE because it is a limited partnership that lacks both substantive kick-out and participating rights. Although Icahn Enterprises is not the general partner of Icahn Enterprises Holdings, Icahn Enterprises is deemed to be the primary beneficiary of Icahn Enterprises Holdings principally based on its 99% limited partner interest in Icahn Enterprises Holdings, as well as our related party relationship with the general partner, and therefore continues to consolidate Icahn Enterprises Holdings. Icahn Enterprises Holdings and its subsidiaries own substantially all of our assets and liabilities and therefore, the balance sheets of Icahn Enterprises and Icahn Enterprises Holdings are substantially the same. Fair Value of Financial Instruments The carrying values of cash and cash equivalents, cash held at consolidated affiliated partnerships and restricted cash, accounts receivable, due from brokers, accounts payable, accrued expenses and other liabilities and due to brokers are deemed to be reasonable estimates of their fair values because of their short-term nature. See Note 4, “Investments,” and Note 5, “Fair Value Measurements,” for a detailed discussion of our investments and other non-financial assets and/or liabilities. The fair value of our long-term debt is based on the quoted market prices for the same or similar issues or on the current rates offered to us for debt of the same remaining maturities. The carrying value and estimated fair value of our long-term debt as of September 30, 2022 was approximately $7.1 billion and $6.4 billion, respectively. The carrying value and estimated fair value of our long-term debt as of December 31, 2021 was approximately $7.7 billion and $7.8 billion, respectively. Cash Flow Cash and cash equivalents and restricted cash and restricted cash equivalents on our condensed consolidated statements of cash flows is comprised of (i) cash and cash equivalents and (ii) cash held at consolidated affiliated partnerships and restricted cash. Cash Held at Consolidated Affiliated Partnerships and Restricted Cash Our cash held at consolidated affiliated partnerships balance was $3,640 million and $102 million as of September 30, 2022 and December 31, 2021, respectively. Cash held at consolidated affiliated partnerships relates to our Investment segment and consists of cash and cash equivalents held by the Investment Funds that, although not legally restricted, are not available to fund the general liquidity needs of the Investment segment or Icahn Enterprises. Our restricted cash balance was $1,138 million and $2,013 million as of September 30, 2022 and December 31, 2021, respectively. Restricted cash includes, but is not limited to, our Investment segment’s cash pledged and held for margin requirements on derivative transactions. Revenue From Contracts With Customers and Contract Balances Due to the nature of our business, we derive revenue from various sources in various industries. With the exception of all of our Investment segment’s and our Holding Company’s revenues, and our Real Estate segment’s leasing revenue, our revenue is generally derived from contracts with customers in accordance with U.S. GAAP. Such revenue from contracts with customers is included in net sales and other revenues from operations in the condensed consolidated statements of operations, however, our Real Estate and Automotive segment’s leasing revenue, as disclosed in Note 9, “Leases,” is also included in other revenues from operations. Related contract assets are included in accounts receivable, net or other assets and related contract liabilities are included in accrued expenses and other liabilities in the condensed consolidated balance sheets. Our disaggregation of revenue information includes our net sales and other revenues from operations for each of our reporting segments as well as additional disaggregation of revenue information for our Energy and Automotive segments. See Note 12, “Segment Reporting,” for our complete disaggregation of revenue information. In addition, we disclose additional information with respect to revenue from contracts with customers and contract balances for our Energy and Automotive segments below. Energy Our Energy segment’s deferred revenue is a contract liability that primarily relates to fertilizer sales contracts requiring customer prepayment prior to product delivery to guarantee a price and supply of nitrogen fertilizer. Deferred revenue is recorded at the point in time in which a prepaid contract is legally enforceable and the associated right to consideration is unconditional prior to transferring product to the customer. An associated receivable is recorded for uncollected prepaid contract amounts. Contracts requiring prepayment are generally short-term in nature and revenue is recognized at the point in time in which the customer obtains control of the product. Our Energy segment had deferred revenue of $65 million and $87 million as of September 30, 2022 and December 31, 2021, respectively. For the nine months ended September 30, 2022 and 2021, our Energy segment recorded revenue of $86 million and $30 million, respectively, with respect to deferred revenue outstanding as of the beginning of each respective period. As of September 30, 2022, our Energy segment had $7 million of remaining performance obligations for contracts with an original expected duration of more than one year. Our Energy segment expects to recognize approximately $2 million of these performance obligations as revenue by the end of 2022 and the remaining balance thereafter. Automotive Our Automotive segment has deferred revenue with respect to extended warranty plans of $43 million and $42 million at September 30, 2022 and December 31, 2021, respectively, which are included in accrued expenses and other liabilities on the condensed consolidated balance sheets. For the nine months ended September 30, 2022 and 2021, our Automotive segment recorded revenue of $19 million and $18 million, respectively, with respect to deferred revenue outstanding as of the beginning of each respective period. Recently Issued Accounting Standards In March 2020, the FASB issued ASU 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reporting Reference Rate Reform In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions,

Related Party Transactions

Related Party Transactions	9 Months Ended
Related Party Transactions	Sep. 30, 2022
Related Party Transactions
Related Party Transactions	3. Related Party Transactions Our second amended and restated agreement of limited partnership expressly permits us to enter into transactions with our general partner or any of its affiliates, including buying or selling properties from or to our general partner and any of its affiliates and borrowing and lending money from or to our general partner and any of its affiliates, subject to limitations contained in our partnership agreement and the Delaware Revised Uniform Limited Partnership Act. The indentures governing our indebtedness contain certain covenants applicable to transactions with affiliates. Investment Funds As of September 30, 2022 and December 31, 2021, the total fair market value of investments in the Investment Funds made by Mr. Icahn and his affiliates (excluding us and Brett Icahn) was approximately $5.2 billion and $5.0 billion, respectively, representing approximately 54% of the Investment Funds’ assets under management as of each respective date. We pay for expenses pertaining to the operation, administration and investment activities of our Investment segment for the benefit of the Investment Funds (including salaries, benefits and rent). Based on an expense-sharing arrangement, certain expenses borne by us are reimbursed by the Investment Funds. For the three months ended September 30, 2022 and 2021, $2 million in each respective period was allocated to the Investment Funds based on this expense-sharing arrangement and for the nine months ended September 30, 2022 and 2021, $8 million and $10 million, was allocated to the Investment Funds based on this expense-sharing arrangement. Other Related Party Agreements On October 1, 2020, we entered into a manager agreement with Brett Icahn, the son of Carl C. Icahn, and affiliates of Brett Icahn. Under the manager agreement, Brett Icahn serves as the portfolio manager of a designated portfolio of assets within the Investment Funds over a seven-year term, subject to veto rights by our Investment segment and Carl C. Icahn. On May 5, 2022, we entered into an amendment to the manager agreement, which allows the Investment Funds to add, from time to time, two additional separately tracked portfolios, in addition to the existing portfolios, which will not be subject to the manager agreement. Additionally, Brett Icahn provides certain other services, at our request, which may entail research, analysis and advice with respect to a separate designated portfolio of assets within the Investment Funds. Subject to the terms of the manager agreement, at the end of the seven-year term, Brett Icahn will be entitled to receive a one-time lump sum payment as described in and computed pursuant to the manager agreement. Brett Icahn will not be entitled to receive from us any other compensation (including any salary or bonus) in respect of the services he is to provide under the manager agreement other than restricted depositary units granted under a restricted unit agreement. In accordance with the manager agreement, Brett Icahn will co-invest with the Investment Funds in certain positions, will make cash contributions to the Investment Funds in order to fund such co-investments and will have a special limited partnership interest in the Investment Funds through which the profit and loss attributable to such co-investments will be allocated to him. During the nine months ended September 30 2022, Brett Icahn had net redemptions of $16 million in accordance with the manager agreement and in the nine months ended September 30, 2021 he contributed $68 million. As of September 30, 2022 and December 31, 2021 he had investments in the Investment Funds with a total fair market value of $48 million and $93 million, respectively. We also entered into a guaranty agreement with an affiliate of Brett Icahn, pursuant to which we guaranteed the payment of certain amounts required to be distributed by the Investment Funds to such affiliate pursuant to the terms and conditions of the manager agreement.

Investments

Investments	9 Months Ended
Investments	Sep. 30, 2022
Investments
Investments	4. Investments Investments Investments and securities sold, not yet purchased consist of equities, bonds, bank debt and other corporate obligations, all of which are reported at fair value in our condensed consolidated balance sheets. In addition, our Investment segment has certain derivative transactions which are discussed in Note 6, “Financial Instruments.” The carrying value and detail by security type, including business sector for equity securities, with respect to investments and securities sold, not yet purchased held by our Investment segment consist of the following: September 30, December 31, 2022 2021 (in millions) Assets Investments: Equity securities: Communications $ 317 $ 352 Consumer, cyclical 666 1,281 Energy 1,067 3,184 Utilities 1,163 992 Healthcare 341 1,009 Technology 634 931 Materials 143 194 Industrial 418 895 4,749 8,838 Corporate debt securities 37 114 $ 4,786 $ 8,952 Liabilities Securities sold, not yet purchased, at fair value: Equity securities: Consumer, non-cyclical $ 753 $ — Consumer, cyclical 499 848 Energy 2,180 2,028 Utilities 818 659 Healthcare 319 1,049 Materials 372 365 Industrial 284 391 5,225 5,340 Corporate debt securities 157 — $ 5,382 $ 5,340 The portion of unrealized (losses) and gains that relates to securities still held by our Investment segment, primarily equity securities, was $(250) million and $(204) million for the three months ended September 30, 2022 and 2021, respectively, and $(1,172) million and $1,384 million for the nine months ended September 30, 2022 and 2021, respectively. Other Segments and Holding Company With the exception of certain equity method investments at our operating subsidiaries and our Holding Company disclosed in the table below, our investments are measured at fair value in our condensed consolidated balance sheets. The carrying value of investments held by our other segments and our Holding Company consist of the following: September 30, December 31, 2022 2021 (in millions) Equity method investments $ 77 $ 79 Other investments measured at fair value 14 120 $ 91 $ 199 The portion of unrealized gains and (losses) that relates to equity securities still held by our other segments and Holding Company was zero and $(86) million for each of the three months ended September 30, 2022 and 2021, respectively, and $61 and $(42) million for the nine months ended September 30, 2022 and 2021, respectively.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
Fair Value Measurements	Sep. 30, 2022
Fair Value Measurements
Fair Value Measurements	5. Fair Value Measurements U.S. GAAP requires enhanced disclosures about assets and liabilities that are measured and reported at fair value and has established a hierarchal disclosure framework that prioritizes and ranks the level of market price observability used in measuring assets and liabilities at fair value. Market price observability is impacted by a number of factors, including the type of, and the characteristics specific to, the assets and liabilities. Assets and liabilities with readily available active quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value. Assets and liabilities measured and reported at fair value are classified and disclosed in one of the following categories: Level 1 - Quoted prices are available in active markets for identical assets and liabilities as of the reporting date. Level 2 - Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date, and fair value is determined through the use of models or other valuation methodologies where all significant inputs are observable. The inputs and assumptions of our Level 2 assets and liabilities are derived from market observable sources including reported trades, broker/dealer quotes and other pertinent data. Level 3 - Pricing inputs are unobservable for the assets and liabilities and include situations where there is little, if any, market activity for the assets and liabilities. The inputs into the determination of fair value require significant management judgment or estimation. Fair value is determined using comparable market transactions and other valuation methodologies, adjusted as appropriate for liquidity, credit, market and/or other risk factors. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and consideration of factors specific to the assets and liabilities. Significant transfers, if any, between the levels within the fair value hierarchy are recognized at the beginning of the reporting period when changes in circumstances require such transfers. Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table summarizes the valuation of our assets and liabilities by the above fair value hierarchy levels measured on a recurring basis: September 30, 2022 December 31, 2021 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (in millions) Assets Investments (Note 4) $ 4,711 $ 36 $ 42 $ 4,789 $ 8,905 $ 113 $ 42 $ 9,060 Derivative assets, net (Note 6) — 1,504 — 1,504 — 612 — 612 $ 4,711 $ 1,540 $ 42 $ 6,293 $ 8,905 $ 725 $ 42 $ 9,672 Liabilities Securities sold, not yet purchased (Note 4) $ 5,225 $ 157 $ — $ 5,382 $ 5,340 $ — $ — $ 5,340 Derivative liabilities, net (Note 6) — 713 — 713 — 787 — 787 RFS obligations (Note 16) — 715 — 715 — 494 — 494 $ 5,225 $ 1,585 $ — $ 6,810 $ 5,340 $ 1,281 $ — $ 6,621

Financial Instruments

Financial Instruments	9 Months Ended
Financial Instruments	Sep. 30, 2022
Financial Instruments
Financial Instruments	6. Financial Instruments Overview Investment In the normal course of business, the Investment Funds may trade various financial instruments and enter into certain investment activities, which may give rise to off-balance-sheet risks, with the objective of capital appreciation or as economic hedges against other securities or the market as a whole. The Investment Funds’ investments may include futures, options, swaps and securities sold, not yet purchased. These financial instruments represent future commitments to purchase or sell other financial instruments or to exchange an amount of cash based on the change in an underlying instrument at specific terms at specified future dates. Risks arise with these financial instruments from potential counterparty non-performance and from changes in the market values of underlying instruments. Credit concentrations may arise from investment activities and may be impacted by changes in economic, industry or political factors. The Investment Funds routinely execute transactions with counterparties in the financial services industry, resulting in credit concentration with respect to the financial services industry. In the ordinary course of business, the Investment Funds may also be subject to a concentration of credit risk to a particular counterparty. The Investment Funds seek to mitigate these risks by actively monitoring exposures, collateral requirements and the creditworthiness of its counterparties. The Investment Funds have entered into various types of swap contracts with other counterparties. These agreements provide that they are entitled to receive or are obligated to pay in cash an amount equal to the increase or decrease, respectively, in the value of the underlying shares, debt and other instruments that are the subject of the contracts, during the period from inception of the applicable agreement to its expiration. In addition, pursuant to the terms of such agreements, they are entitled to receive or obligated to pay other amounts, including interest, dividends and other distributions made in respect of the underlying shares, debt and other instruments during the specified time frame. They are also required to pay to the counterparty a floating interest rate equal to the product of the notional amount multiplied by an agreed-upon rate, and they receive interest on any cash collateral that they post to the counterparty at the federal funds, or the overnight bank funding rate in effect for such period. The Investment Funds may trade futures contracts. A futures contract is a firm commitment to buy or sell a specified quantity of a standardized amount of a deliverable grade commodity, security, currency or cash at a specified price and specified future date unless the contract is closed before the delivery date. Payments (or variation margin) are made or received by the Investment Funds each day, depending on the daily fluctuations in the value of the contract, and the whole value change is recorded as an unrealized gain or loss by the Investment Funds. When the contract is closed, the Investment Funds record a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed. The Investment Funds may utilize forward contracts to seek to protect their assets denominated in foreign currencies and precious metals holdings from losses due to fluctuations in foreign exchange rates and spot rates. The Investment Funds’ exposure to credit risk associated with non-performance of such forward contracts is limited to the unrealized gains or losses inherent in such contracts, which are recognized in other assets and accrued expenses and other liabilities in our condensed consolidated balance sheets. The Investment Funds may also enter into foreign currency contracts for purposes other than hedging denominated securities. When entering into a foreign currency forward contract, the Investment Funds agree to receive or deliver a fixed quantity of foreign currency for an agreed-upon price on an agreed-upon future date unless the contract is closed before such date. The Investment Funds record unrealized gains or losses on the contracts as measured by the difference between the forward foreign exchange rates at the dates of entry into such contracts and the forward rates at the reporting date. The Investment Funds may also purchase and write option contracts. As a writer of option contracts, the Investment Funds receive a premium at the outset and then bear the market risk of unfavorable changes in the price of the underlying financial instrument. As a result of writing option contracts, the Investment Funds are obligated to purchase or sell, at the holder’s option, the underlying financial instrument. Accordingly, these transactions result in off-balance-sheet risk, as the Investment Funds’ satisfaction of the obligations may exceed the amount recognized in our condensed consolidated balance sheets. Certain terms of the Investment Funds’ contracts with derivative counterparties, which are standard and customary to such contracts, contain certain triggering events that would give the counterparties the right to terminate the derivative instruments. In such events, the counterparties to the derivative instruments could request immediate payment on derivative instruments in net liability positions. There were no Investment Funds’ derivative instruments with credit-risk-related contingent features in a liability position as of September 30, 2022 and December 31, 2021. The following table summarizes the volume of our Investment segment’s derivative activities based on their notional exposure, categorized by primary underlying risk: September 30, 2022 December 31, 2021 Long Notional Exposure Short Notional Exposure Long Notional Exposure Short Notional Exposure (in millions) Primary underlying risk: Equity contracts $ 1,534 $ 5,384 $ 1,582 $ 5,986 Credit contracts (1) — 715 — 2,081 (1) The short notional amount on our credit default swap positions was approximately $3.9 billion at September 30, 2022. However, because credit spreads cannot compress below zero , our downside short notional exposure to loss is approximately $0.7 billion as of September 30, 2022. The short notional amount on our credit default swap positions was approximately $6.6 billion as of December 31, 2021. However, because credit spreads cannot compress below zero , our downside short notional exposure to loss is approximately $2.1 billion as of December 31, 2021. Certain derivative contracts executed by each of the Investment Funds with a single counterparty are reported on a net-by-counterparty basis where a legal right of offset exists under an enforceable netting agreement. Values for the derivative financial instruments, principally swaps, forwards, over-the-counter options and other conditional and exchange contracts, are reported on a net-by-counterparty basis. The following table presents the fair values of our Investment segment’s derivatives that are not designated as hedging instruments in accordance with U.S. GAAP: Derivative Assets Derivative Liabilities September 30, 2022 December 31, 2021 September 30, 2022 December 31, 2021 (in millions) Equity contracts $ 870 $ 68 $ 787 $ 1,317 Credit contracts 703 1,075 — — Sub-total 1,573 1,143 787 1,317 Netting across contract types (1) (74) (532) (74) (532) Total (1) $ 1,499 $ 611 $ 713 $ 785 (1) Excludes netting of cash collateral received and posted. The total collateral posted at September 30, 2022 and December 31, 2021 was $1,045 million and $1,906 million, respectively, across all counterparties, which are included in cash held at consolidated affiliated partnerships and restricted cash in the condensed consolidated balance sheets. The following table presents the amount of gain (loss) recognized in the condensed consolidated statements of operations for our Investment segment’s derivatives not designated as hedging instruments: Gain (loss) Recognized in Income (1) Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in millions) Equity contracts $ 227 $ (54) $ 710 $ (688) Credit contracts (259) 122 (579) 120 $ (32) $ 68 $ 131 $ (568) (1) Gains (losses) recognized on derivatives are classified in net (loss) gain from investment activities in our condensed consolidated statements of operations for our Investment segment. Energy CVR Energy’s businesses are subject to fluctuations of commodity prices caused by supply conditions, weather, economic conditions, interest rates, and other factors. To manage the impact of price fluctuations of crude oil and other commodities in our results of operations and certain inventories, and to fix margins on future sales and purchases, CVR Refining regularly enters into various commodity derivative transactions. CVR Refining holds derivative instruments, such as futures and swaps, which it believes provide an economic hedge on future transactions, but such instruments are not designated as hedge instruments. CVR Refining may enter into forward purchase or sale contracts associated with renewable identification numbers (“RINs”). As of September 30, 2022 and December 31, 2021, CVR Refining had 2 million barrels and no outstanding forward contract positions, respectively. As of September 30, 2022 and December 31, 2021, CVR Refining had future contracts for less than 1 million barrels at each date, respectively. As of September 30, 2022 and December 31, 2021, CVR Refining had open fixed-price commitments to purchase a net 32 million and 2 million RINs, respectively. Certain derivative contracts executed by our Energy segment with a single counterparty are reported on a net-by-counterparty basis where a legal right of offset exists under an enforceable netting agreement. As of September 30, 2022, our Energy segment had net asset derivatives of $5 million and no net liability derivatives and as of December 31, 2021, our Energy segment had net asset derivatives of $1 million and net liability derivatives of $2 million. Gains (losses) recognized on derivatives for our Energy segment were $23 million and $(12) million for the three months ended September 30, 2022 and 2021, respectively, and $(43) million and $(46) million for the nine months ended September 30, 2022 and 2021, respectively. Gains and losses recognized on derivatives for our Energy segment are included in cost of goods sold on the condensed consolidated statements of operations.

Inventories, Net

Inventories, Net	9 Months Ended
Inventories, Net	Sep. 30, 2022
Inventories Net
Inventories, Net	7. Inventories, Net Inventories, net consists of the following: September 30, December 31, 2022 2021 (in millions) Raw materials $ 373 $ 291 Work in process 93 83 Finished goods 1,208 1,104 $ 1,674 $ 1,478

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	9 Months Ended
Goodwill and Intangible Assets, Net	Sep. 30, 2022
Goodwill and Intangible Assets, Net
Goodwill and Intangible Assets, Net	8. Goodwill and Intangible Assets, Net Goodwill consists of the following: September 30, 2022 December 31, 2021 Gross Net Gross Net Carrying Accumulated Carrying Carrying Accumulated Carrying Amount Impairment Value Amount Impairment Value (in millions) Automotive $ 337 $ (87) $ 250 $ 337 $ (87) $ 250 Food Packaging 6 — 6 6 — 6 Home Fashion 20 (3) 17 24 (3) 21 Pharma 13 — 13 13 — 13 $ 376 $ (90) $ 286 $ 380 $ (90) $ 290 Intangible assets, net consists of the following: September 30, 2022 December 31, 2021 Gross Net Gross Net Carrying Accumulated Carrying Carrying Accumulated Carrying Amount Amortization Value Amount Amortization Value (in millions) Definite-lived intangible assets: Customer relationships $ 394 $ (209) $ 185 $ 394 $ (192) $ 202 Developed technology 254 (55) 199 254 (34) 220 Other 164 (84) 80 167 (77) 90 $ 812 $ (348) $ 464 $ 815 $ (303) $ 512 Indefinite-lived intangible assets $ 83 $ 83 Intangible assets, net $ 547 $ 595 Amortization expense associated with definite-lived intangible assets was $16 million and $17 million for the three months ended September 30, 2022 and 2021, respectively, and $45 million and $49 million for the nine months ended September 30, 2022 and 2021, respectively. We utilize the straight-line method of amortization, recognized over the estimated useful lives of the assets.

Leases

Leases	9 Months Ended
Leases	Sep. 30, 2022
Leases [Abstract]
Leases	9. Leases All Segments and Holding Company We have operating and finance leases primarily within our Automotive, Energy and Food Packaging segments. Our Automotive segment leases assets, primarily real estate (operating) and vehicles (financing). Our Energy segment leases certain pipelines, storage tanks, railcars, office space, land and equipment (operating and financing). Our Food Packaging segment leases assets, primarily real estate, equipment and vehicles (primarily operating). Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. Right-of-use assets and related liabilities are recorded on the balance sheet for leases with an initial lease term in excess of twelve months and therefore, do not include any lease arrangements with initial lease terms of twelve months or less. Right-of-use assets and lease liabilities are as follows: September 30, December 31, 2022 2021 (in millions) Operating Leases: Right-of-use assets (other assets) $ 416 $ 467 Lease liabilities (accrued expenses and other liabilities) 424 479 Financing Leases: Right-of-use assets (property, plant and equipment, net) 49 56 Lease liabilities (debt) 66 72 Additional information with respect to our operating leases as of September 30, 2022 and December 31, 2021 is presented below. The lease terms and discount rates for our Energy, Automotive and Food Packaging segments represent weighted averages based on their respective lease liability balances. Right-Of-Use Lease Discount Operating Leases as of September 30, 2022 Assets Liabilities Lease Term Rate (in millions) Energy $ 35 $ 35 3.9 years 5.1% Automotive 330 340 4.5 years 5.7% Food Packaging 24 27 10.3 years 7.4% Other segments and Holding Company 27 22 $ 416 $ 424 Right-Of-Use Lease Discount Operating Leases as of December 31, 2021 Assets Liabilities Lease Term Rate (in millions) Energy $ 37 $ 37 4.1 years 5.4% Automotive 369 385 4.9 years 5.8% Food Packaging 28 31 10.5 years 7.4% Other segments and Holding Company 33 26 $ 467 $ 479 For the three months ended September 30, 2022 and 2021, lease cost was comprised of (i) operating lease cost of $47 million and $49 million, respectively, (ii) amortization of financing lease right-of-use assets of $3 million and $3 million, respectively, and (iii) interest expense on financing lease liabilities of $2 million and $2 million, respectively. For the nine months ended September 30, 2022 and 2021, lease cost was comprised of (i) operating lease cost of $145 million and $150 million, respectively, (ii) amortization of financing lease right-of-use assets of $7 million and $8 million, respectively, and (iii) interest expense on financing lease liabilities of $4 million and $5 million, respectively. Our automotive segment accounted for $121 million and $127 million of total lease cost for the nine months ended September 30, 2022 and 2021, respectively. Automotive Our Automotive segment leases certain retail locations under long-term operating leases. Our Automotive segment’s revenues from operating leases were $13 million and $3 million for the three months ended September 30, 2022 and 2021, respectively, and $35 million and $5 million for the nine months ended September 30, 2022 and 2021, respectively. Revenues from operating leases are included in other revenue from operations in the condensed consolidated statements of operations. Real Estate Our Real Estate segment leases real estate, primarily commercial properties under long-term operating leases. As of September 30, 2022 and December 31, 2021, our Real Estate segment had assets leased to others included in property, plant and equipment of $252 million and $251 million, respectively, net of accumulated depreciation. Our Real Estate segment’s revenue from operating leases were $2 million and $1 million for the three months ended September 30, 2022 and 2021, respectively, and $5 million and $7 million for the nine months ended September 30, 2022 and 2021, respectively. Revenues from operating leases are included in other revenue from operations in the condensed consolidated statements of operations.

Debt

Debt	9 Months Ended
Debt	Sep. 30, 2022
Debt Disclosure [Abstract]
Debt	10. Debt Debt consists of the following: September 30, December 31, 2022 2021 (in millions) Holding Company: 6.750% senior unsecured notes due 2024 $ — $ 499 4.750% senior unsecured notes due 2024 1,104 1,105 6.375% senior unsecured notes due 2025 749 748 6.250% senior unsecured notes due 2026 1,250 1,250 5.250% senior unsecured notes due 2027 1,460 1,461 4.375% senior unsecured notes due 2029 747 747 5,310 5,810 Reporting Segments: Energy 1,593 1,660 Automotive 15 26 Food Packaging 163 155 Real Estate 1 1 Home Fashion 45 40 1,817 1,882 Total Debt $ 7,127 $ 7,692 Holding Company In February 2022, we redeemed all of our $500 million aggregate principal amount of 6.750% senior unsecured notes due 2024 at par. As a result of this transaction, Icahn Enterprises recorded a loss on extinguishment of debt of $1 million. Reporting Segments Energy In February 2022, CVR Partners redeemed the remaining $65 million aggregate principal amount of its 9.25% senior secured notes due June 2023 at par. As a result of this transaction, CVR Partners recognized a loss on extinguishment of debt of $1 million. In April 2022, in connection with the Petroleum ABL (as defined below), a new wholly owned subsidiary of CVR Energy, CVR Renewables, LLC (“CVR Renew”), delivered to Wells Fargo Bank, National Association, as administrative and collateral agent for the secured parties, a Joinder Agreement pursuant to which CVR Renew became a borrower for all purposes under the Petroleum ABL and other Credit Documents. In June 2022, CVR Refining and certain of its subsidiaries (the “Credit Parties”) entered into Amendment No. 3 to the Amended and Restated ABL Credit Agreement dated December 20, 2012 (the “Amendment”, and as amended, the “Petroleum ABL”), with a group of lenders and Wells Fargo Bank, National Association, as administrative agent and collateral agent (the “Agent”). The Petroleum ABL is a senior secured asset based revolving credit facility in an aggregate principle amount of up to $275 million with a $125 million incremental facility, which is subject to additional lender commitments and certain other conditions. The proceeds of the loans may be used for capital expenditures, working capital and general corporate purposes of the Credit Parties and their subsidiaries. The Petroleum ABL provides for loans and letters of credit in an amount up to the aggregate availability under the facility, subject to certain borrowing base conditions, with sub-limits of $30 million for swingline loans and $60 million (or $100 million if increased by the Agent) for letters of credit. The Petroleum ABL is scheduled to mature on June 30, 2027. As of September 30, 2022 and December 31, 2021, total availability under CVR Refining and CVR Partners variable rate asset based revolving credit facilities aggregated $282 million and $396 million, respectively. CVR Refining also had $28 million and $39 million of letters of credit outstanding as of September 30, 2022 and December 31, 2021, respectively. Covenants We and all of our subsidiaries are currently in compliance with all covenants and restrictions as described in the various executed agreements and contracts with respect to each debt instrument. These covenants include limitations on indebtedness, liens, investments, acquisitions, asset sales, dividends and other restricted payments and affiliate and extraordinary transactions. Non-Cash Charges to Interest Expense The amortization of deferred financing costs and debt discounts and premiums included in interest expense in the condensed consolidated statements of operations were less than $1 million and $3 million for the three months ended September 30, 2022 and 2021, respectively, and $2 million and $4 million for the nine months ended September 30, 2022 and 2021, respectively.

Net Income (Loss) Per LP Unit

Net Income (Loss) Per LP Unit	9 Months Ended
Net Income (Loss) Per LP Unit	Sep. 30, 2022
Earnings Per Unit [Abstract]
Net Income (Loss) Per LP Unit	11. Net Income Per LP Unit The components of the computation of basic and diluted income per LP unit of Icahn Enterprises are as follows: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in millions, except per unit amounts) Net (loss) income attributable to Icahn Enterprises $ (123) $ (148) $ 72 $ (122) Net (loss) income attributable to Icahn Enterprises allocated to limited partners (98.01% allocation) $ (121) $ (145) $ 71 $ (120) Basic (loss) income per LP unit: $ (0.37) $ (0.55) $ 0.23 $ (0.47) Basic weighted average LP units outstanding 324 266 308 253 Diluted (loss) income per LP unit: $ (0.37) $ (0.55) $ 0.23 $ (0.47) Diluted weighted average LP units outstanding 324 266 308 253 LP Unit Transactions Unit Distributions On February 23, 2022, we declared a quarterly distribution in the amount of $2.00 per depositary unit in which each depositary unitholder had the option to make an election to receive either cash or additional depositary units. On May 6, 2022, we declared a quarterly dividend distribution in the amount of $2.00 per depository unit in which each depository unitholder had the option to make an election to receive either cash or additional depository units. On August 3, 2022, we declared a quarterly dividend distribution in the amount of $2.00 per depository unit in which each depository unitholder had the option to make an election to receive either cash or additional depository units. As a result of the above distributions declared, during the nine months ended September 30, 2022, we distributed an aggregate 33,364,320 depositary units to unitholders who did not elect to receive cash, of which an aggregate of 31,508,966 depositary units were distributed to Mr. Icahn and his affiliates. In connection with these distributions, aggregate cash distributions to all depositary unitholders that made a timely election to receive cash was $158 million for the nine months ended September 30, 2022. At-The-Market Offerings During the three months ended September 30, 2022, we sold 3,130,267 depositary units pursuant to our Open Market Sale Agreement, resulting in gross proceeds of $163 million. During the nine months ended September 30, 2022, we sold 10,677,046 depository units pursuant to the Open Market Sale Agreement, resulting in gross proceeds of $557 million. As of September 30, 2022, we continue to have an active Open Market Sale Agreement and Icahn Enterprises may sell its depositary units for up to an additional $128 million in aggregate gross sale proceeds pursuant to this agreement. 2017 Incentive Plan During the nine months ended September 30, 2022, Icahn Enterprises distributed 29,342 depositary units, net of payroll withholdings, with respect to certain restricted depositary units that vested during the period in connection with the Icahn Enterprises L.P. 2017 Long Term Incentive Plan (the “2017 Incentive Plan”). The aggregate impact of the 2017 Incentive Plan is not material with respect to our condensed consolidated financial statements, including the calculation of potentially dilutive units and diluted income per LP unit.

Segment Reporting

Segment Reporting	9 Months Ended
Segment Reporting	Sep. 30, 2022
Segment Reporting [Abstract]
Segment Reporting	12. Segment Reporting We report segment information based on the various industries in which our businesses operate and how we manage those businesses in accordance with our investment strategies, which may include: identifying and acquiring undervalued assets and businesses, often through the purchase of distressed securities; increasing value through management, financial or other operational changes; and managing complex legal, regulatory or financial issues, which may include bankruptcy or insolvency, environmental, zoning, permitting and licensing issues. Therefore, although many of our businesses are operated under separate local management, certain of our businesses are grouped together when they operate within a similar industry, comprising similarities in products, customers, production processes and regulatory environments, and when such businesses, when considered together, may be managed in accordance with one or more investment strategies specific to those businesses. Among other measures, we assess and measure segment operating results based on net income from continuing operations attributable to Icahn Enterprises. Certain terms of financings for certain of our businesses impose restrictions on the business’ ability to transfer funds to us, including restrictions on dividends, distributions, loans and other transactions. Condensed Statements of Operations Three Months Ended September 30, 2022 Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Metals Holding Company Consolidated (in millions) Revenues: Net sales $ — $ 2,699 $ 448 $ 111 $ 14 $ 49 $ 13 $ — $ — $ 3,334 Other revenues from operations — — 177 — 19 — 1 — — 197 Net (loss) from investment activities (187) — — — — — — — — (187) Interest and dividend income 76 3 — — — — — — 9 88 Other (loss) income, net (26) 2 2 (6) — 1 — — (1) (28) (137) 2,704 627 105 33 50 14 — 8 3,404 Expenses: Cost of goods sold — 2,569 303 92 9 42 11 — — 3,026 Other expenses from operations — — 140 — 16 — — — — 156 Selling, general and administrative 2 42 213 14 4 15 10 — 5 305 Interest expense 42 22 — 2 — 1 — — 72 139 44 2,633 656 108 29 58 21 — 77 3,626 (Loss) income before income tax (expense) benefit (181) 71 (29) (3) 4 (8) (7) — (69) (222) Income tax (expense) benefit — (3) 8 — — (1) — — 3 7 Net (loss) income (181) 68 (21) (3) 4 (9) (7) — (66) (215) Less: net (loss) income attributable to non-controlling interests (100) 8 — — — — — — — (92) Net (loss) income attributable to Icahn Enterprises $ (81) $ 60 $ (21) $ (3) $ 4 $ (9) $ (7) $ — $ (66) $ (123) Supplemental information: Capital expenditures $ — $ 57 $ 36 $ 4 $ 1 $ 2 $ — $ — $ — $ 100 Depreciation and amortization $ — $ 92 $ 20 $ 6 $ 3 $ 2 $ 7 $ — $ 1 $ 131 Three Months Ended September 30, 2021 Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Metals Holding Company Consolidated (in millions) Revenues: Net sales $ — $ 1,883 $ 440 $ 104 $ 17 $ 51 $ 18 $ 144 $ — $ 2,657 Other revenues from operations — — 154 — 13 — 1 — — 168 Net (loss) from investment activities (148) (1) — — — — — — (28) (177) Interest and dividend income 33 — — — — — — — 1 34 Other (loss) income, net (16) 1 (17) (1) — — — — — (33) (131) 1,883 577 103 30 51 19 144 (27) 2,649 Expenses: Cost of goods sold — 1,686 301 85 12 42 12 132 — 2,270 Other expenses from operations — — 121 — 13 — — — — 134 Selling, general and administrative 3 37 225 13 5 12 12 5 4 316 Restructuring, net — — 1 — — — — — — 1 Interest expense 53 23 1 2 — — — — 79 158 56 1,746 649 100 30 54 24 137 83 2,879 (Loss) income before income tax (expense) benefit (187) 137 (72) 3 — (3) (5) 7 (110) (230) Income tax (expense) benefit — (43) 17 (2) — — — — 47 19 Net (loss) income (187) 94 (55) 1 — (3) (5) 7 (63) (211) Less: net (loss) income attributable to non-controlling interests (103) 40 — — — — — — — (63) Net (loss) income attributable to Icahn Enterprises $ (84) $ 54 $ (55) $ 1 $ — $ (3) $ (5) $ 7 $ (63) $ (148) Supplemental information: Capital expenditures $ — $ 62 $ 13 $ 3 $ 1 $ 1 $ — $ 1 $ — $ 81 Depreciation and amortization $ — $ 83 $ 22 $ 7 $ 2 $ 1 $ 7 $ 3 $ 1 $ 126 Nine Months Ended September 30, 2022 Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Metals Holding Company Consolidated (in millions) Revenues: Net sales $ — $ 8,216 $ 1,293 $ 322 $ 48 $ 173 $ 46 $ — $ — $ 10,098 Other revenues from operations — — 516 — 43 — 3 — — 562 Net gain from investment activities 262 — — — — — — — 48 310 Interest and dividend income 163 4 — — — — — — 13 180 Other (loss) income, net (61) (83) 4 (11) — 1 1 — (1) (150) 364 8,137 1,813 311 91 174 50 — 60 11,000 Expenses: Cost of goods sold — 7,407 858 263 31 144 35 — — 8,738 Other expenses from operations — — 400 — 41 — — — — 441 Selling, general and administrative 16 130 640 40 11 37 30 — 17 921 Interest expense 127 70 1 5 — 2 — — 219 424 143 7,607 1,899 308 83 183 65 — 236 10,524 Income (loss) before income tax benefit (expense) 221 530 (86) 3 8 (9) (15) — (176) 476 Income tax (expense) benefit — (94) 22 (3) — (1) — — (17) (93) Net income (loss) 221 436 (64) — 8 (10) (15) — (193) 383 Less: net income (loss) attributable to non-controlling interests 106 205 — — — — — — — 311 Net income (loss) attributable to Icahn Enterprises $ 115 $ 231 $ (64) $ — $ 8 $ (10) $ (15) $ — $ (193) $ 72 Supplemental information: Capital expenditures $ — $ 145 $ 87 $ 13 $ 7 $ 2 $ — $ — $ — $ 254 Depreciation and amortization $ — $ 264 $ 60 $ 20 $ 9 $ 5 $ 21 $ — $ 1 $ 380 Nine Months Ended September 30, 2021 Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Metals Holding Company Consolidated (in millions) Revenues: Net sales $ — $ 5,129 $ 1,377 $ 311 $ 45 $ 143 $ 65 $ 417 $ — $ 7,487 Other revenues from operations — — 454 — 29 — 3 — — 486 Net gain (loss) from investment activities 966 82 — — — — — — (13) 1,035 Interest and dividend income 90 — — — — — — — 4 94 Other (loss) income, net (55) 1 (20) (9) — — — 1 3 (79) 1,001 5,212 1,811 302 74 143 68 418 (6) 9,023 Expenses: Cost of goods sold — 5,022 964 253 34 117 38 384 — 6,812 Other expenses from operations — — 352 — 29 — — — 381 Selling, general and administrative 11 106 661 37 16 34 29 14 22 930 Restructuring, net — — 6 — — — — — — 6 Interest expense 170 84 7 5 — 1 — 1 243 511 181 5,212 1,990 295 79 152 67 399 265 8,640 Income (loss) before income tax benefit (expense) 820 — (179) 7 (5) (9) 1 19 (271) 383 Income tax benefit (expense) — 13 40 (5) — — — — (105) (57) Net income (loss) 820 13 (139) 2 (5) (9) 1 19 (376) 326 Less: net income attributable to non-controlling interests 445 3 — — — — — — — 448 Net income (loss) attributable to Icahn Enterprises $ 375 $ 10 $ (139) $ 2 $ (5) $ (9) $ 1 $ 19 $ (376) $ (122) Supplemental information: Capital expenditures $ — $ 188 $ 33 $ 9 $ 5 $ 2 $ — $ 2 $ — $ 239 Depreciation and amortization $ — $ 253 $ 66 $ 21 $ 7 $ 5 $ 21 $ 11 $ 1 $ 385 Disaggregation of Revenue In addition to the condensed statements of operations by reporting segment above, we provide additional disaggregated revenue information for our Energy and Automotive segments below. Energy Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in millions) Petroleum products $ 2,543 $ 1,738 $ 7,593 $ 4,785 Nitrogen fertilizer products 156 145 623 344 $ 2,699 $ 1,883 $ 8,216 $ 5,129 Automotive Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in millions) Automotive services $ 410 $ 355 $ 1,156 $ 1,024 Aftermarket parts sales 202 236 618 802 $ 612 $ 591 $ 1,774 $ 1,826 Condensed Balance Sheets September 30, 2022 Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated (in millions) ASSETS Cash and cash equivalents $ 21 $ 618 $ 61 $ 12 $ 26 $ 3 $ 20 $ 1,671 $ 2,432 Cash held at consolidated affiliated partnerships and restricted cash 4,684 7 10 — 10 1 — 66 4,778 Investments 4,786 77 — — 14 — — — 4,877 Accounts receivable, net — 320 143 84 13 30 20 — 610 Inventories, net — 632 812 101 — 106 23 — 1,674 Property, plant and equipment, net — 2,696 819 133 347 57 — 5 4,057 Goodwill and intangible assets, net — 205 354 24 — 17 233 — 833 Other assets 7,271 284 461 94 105 17 5 22 8,259 Total assets $ 16,762 $ 4,839 $ 2,660 $ 448 $ 515 $ 231 $ 301 $ 1,764 $ 27,520 LIABILITIES AND EQUITY Accounts payable, accrued expenses and other liabilities $ 1,785 $ 1,933 $ 1,012 $ 138 $ 52 $ 60 $ 56 $ 108 $ 5,144 Securities sold, not yet purchased, at fair value 5,382 — — — — — — — 5,382 Debt — 1,593 15 163 1 45 — 5,310 7,127 Total liabilities 7,167 3,526 1,027 301 53 105 56 5,418 17,653 Equity attributable to Icahn Enterprises 4,387 674 1,633 134 458 126 245 (3,654) 4,003 Equity attributable to non-controlling interests 5,208 639 — 13 4 — — — 5,864 Total equity 9,595 1,313 1,633 147 462 126 245 (3,654) 9,867 Total liabilities and equity $ 16,762 $ 4,839 $ 2,660 $ 448 $ 515 $ 231 $ 301 $ 1,764 $ 27,520 December 31, 2021 Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated (in millions) ASSETS Cash and cash equivalents $ 19 $ 510 $ 28 $ 10 $ 30 $ 3 $ 14 $ 1,707 $ 2,321 Cash held at consolidated affiliated partnerships and restricted cash 2,008 7 17 — 11 — — 72 2,115 Investments 8,952 79 — — 15 — — 105 9,151 Accounts receivable, net — 299 103 82 10 32 20 — 546 Inventories, net — 484 780 93 — 106 15 — 1,478 Property, plant and equipment, net — 2,735 786 147 351 60 — 6 4,085 Goodwill and intangible assets, net — 221 362 27 — 21 254 — 885 Other assets 6,156 252 506 99 109 21 6 16 7,165 Total assets $ 17,135 $ 4,587 $ 2,582 $ 458 $ 526 $ 243 $ 309 $ 1,906 $ 27,746 LIABILITIES AND EQUITY Accounts payable, accrued expenses and other liabilities $ 2,405 $ 1,579 $ 981 $ 146 $ 49 $ 71 $ 50 $ 90 $ 5,371 Securities sold, not yet purchased, at fair value 5,340 — — — — — — — 5,340 Debt — 1,660 26 155 1 40 — 5,810 7,692 Total liabilities 7,745 3,239 1,007 301 50 111 50 5,900 18,403 Equity attributable to Icahn Enterprises 4,271 686 1,575 143 472 132 259 (3,994) 3,544 Equity attributable to non-controlling interests 5,119 662 — 14 4 — — — 5,799 Total equity 9,390 1,348 1,575 157 476 132 259 (3,994) 9,343 Total liabilities and equity $ 17,135 $ 4,587 $ 2,582 $ 458 $ 526 $ 243 $ 309 $ 1,906 $ 27,746

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	13. Income Taxes For the three months ended September 30, 2022, we recorded an income tax benefit of $7 million on pre-tax loss of $222 million compared to an income tax benefit of $19 million on pre-tax loss of $230 million for the three months ended September 30, 2021. Our effective income tax rate was 3.2% and 8.3% for the three months ended September 30, 2022 and 2021, respectively. For the three months ended September 30, 2022, the effective tax rate was lower than the statutory federal rate of 21%, for corporations, primarily due to partnership loss for which there was no tax expense, as such income is allocated to the partners and from changes in the valuation allowance. For the three months ended September 30, 2021, the effective tax rate was lower than the statutory federal tax rate of 21%, primarily due to partnership loss for which there was no tax benefit, as such loss is allocated to the partners. For the nine months ended September 30, 2022, we recorded an income tax expense of $93 million on pre-tax income of $476 million compared to an income tax expense of $57 million on pre-tax income of $383 million for the nine months ended September 30, 2021. Our effective income tax rate was 19.5% and 14.9% for the nine months ended September 30, 2022 and 2021, respectively. For the nine months ended September 30, 2022, the effective tax rate was lower than the statutory federal rate of 21%, for corporations, primarily due to partnership loss for which there was no tax expense, as such income is allocated to the partners and from changes in the valuation allowance. For the nine months ended September 30, 2021, the effective tax rate was lower than the statutory federal rate of 21%, for corporations, primarily due to partnership income for which there was no tax expense, as such income is allocated to the partners.

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss	9 Months Ended
Changes in Accumulated Other Comprehensive Loss	Sep. 30, 2022
Changes in Accumulated Other Comprehensive Loss [Abstract]
Changes in Accumulated Other Comprehensive Loss	14. Changes in Accumulated Other Comprehensive Loss Changes in accumulated other comprehensive loss consists of the following: Translation Post-Retirement Adjustments, Net Benefits and of Tax Other, Net of Tax Total (in millions) Balance, December 31, 2021 $ (38) $ (36) $ (74) Other comprehensive (loss) income before reclassifications, net of tax (13) 1 (12) Other comprehensive (loss) income, net of tax (13) 1 (12) Balance, September 30, 2022 $ (51) $ (35) $ (86)

Other (Loss) Income, Net

Other (Loss) Income, Net	9 Months Ended
Other (Loss) Income, Net	Sep. 30, 2022
Other Income and Expenses [Abstract]
Other (Loss) Income, Net	15. Other (Loss) Income, Net Other (loss) income, net consists of the following: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in millions) Dividend expense $ (26) $ (16) $ (61) $ (55) Equity earnings from non-consolidated affiliates 2 6 7 9 (Loss) gain on disposition of assets, net 1 (21) 3 (24) Foreign currency transaction loss (6) (2) (11) (9) Legal settlement loss — — (88) — (Loss) on extinguishment of debt, net — — (1) (5) Other 1 — 1 5 $ (28) $ (33) $ (150) $ (79)

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	16. Commitments and Contingencies Environmental Matters Due to the nature of our business, certain of our subsidiaries’ operations are subject to numerous existing and proposed laws and governmental regulations designed to protect the environment, particularly regarding plant wastes and emissions and solid waste disposal. Our consolidated environmental liabilities on an undiscounted basis were $24 million and $13 million as of September 30, 2022 and December 31, 2021, respectively, primarily within our Energy segment, which are included in accrued expenses and other liabilities in our condensed consolidated balance sheets. We do not believe that environmental matters will have a material adverse impact on our consolidated results of operations and financial condition. Energy A wholly-owned subsidiary of CVR Refining is party to proceedings relating to claims by United States Department of Justice (the “DOJ”) on behalf of the U.S. Environmental Protection Agency (the “EPA”) and the Kansas Department of Health and Environment (“KDHE”) (a) alleging violations of the Clean Air Act and a 2012 Consent Decree (“CD”) between CVR Refining, the United States (on behalf of the EPA) and KDHE at its Coffeyville refinery primarily relating to flares and seeking stipulated penalties under the CD of $6.8 million (the “Stipulated Penalty”), which amount CVR Refining previously deposited into a commercial escrow account (the “Stipulated Claims”) and (b) alleging violations of the CAA, the Kansas State Implementation Plan, Kansas law, Part 63 of the National Emission Standards for Hazardous Air Pollutants from Petroleum Refineries Subparts CC and R (“NESHAP”) and Coffeyville Resources Refining and Marketing, LLC’s permits relating to flares, heaters, and related matters and seeking civil penalties, injunctive and related relief under an amended complaint filed by the United States (on behalf of the EPA) and KDHE on February 17, 2022 (collectively, the “Statutory Claims”). In August 2022, the United States Court of Appeals for the Tenth Circuit (the “10 th the As of September 30, 2022 and December 31, 2021, our Energy segment had environmental accruals of $23 million and $12 million, respectively, representing estimated costs for future remediation efforts at certain sites. Renewable Fuel Standards CVR Refining is subject to the Renewable Fuel Standard (“RFS”) implemented primarily by the EPA which requires refiners to either blend renewable fuels into their transportation fuels or purchase renewable fuel credits, known as RINs, in lieu of blending. CVR Refining is not able to blend the majority of its transportation fuels and has to purchase RINs on the open market and may have to obtain waiver credits for cellulosic biofuels or other exemptions from the EPA, to the extent available, in order to comply with the RFS. Wholly owned subsidiaries of CVR Refining have filed a number of petitions in the United States Court of Appeals for the Fifth Circuit (the “Fifth Circuit”) and the United States Court of Appeals for the District of Colombia Circuit (the “DC Circuit”) challenging the EPA’s denial of small refinery exemptions (“SREs”) sought by Wynnewood for the 2017 through 2021 compliance periods, the EPA’s April 2022 and June 2022 alternate compliance rulings and the EPA’s Final Rule filed in July 2022 establishing RVO, and also intervened in an action filed by certain biofuels producers relating to the RFS. As each of these proceedings is in its earliest stages, we cannot currently estimate the outcome, impact or timing of resolution of these matters. However, while CVR Refining intends to prosecute these actions vigorously, if these matters are ultimately concluded in a manner adverse to CVR Refining, they could have a material effect on our Energy business’ financial position, results of operations, or cash flows. For the three months ended September 30, 2022 and 2021, our Energy segment recognized an expense of $86 million and a benefit of $16 million, respectively, for CVR Refining’s compliance with the RFS (based on our Energy segment’s revised 2020 and finalized 2021 and 2022 annual renewal volume obligation (“RVO”) and excluding the impacts of any exemptions or waivers to which our Energy segment may be entitled). For the nine months ended September 30, 2022 and 2021, such expenses were $328 million and $335 million, respectively. These recognized amounts are included in cost of goods sold in the condensed consolidated statements of operations and represent costs to comply with the RFS obligation through purchasing of RINs not otherwise reduced by blending of ethanol or biodiesel. At each reporting period, to the extent RINs purchased or generated through blending are less than the RFS obligation (excluding the impact of exemptions or waivers to which CVR Refining may be entitled), the remaining position is marked-to-market using RIN market prices at period end. As of September 30, 2022 and December 31, 2021, CVR Refining’s RFS position was $715 million and $494 million, respectively, and is included in accrued expenses and other liabilities in the condensed consolidated balance sheets. Litigation From time to time, we and our subsidiaries are involved in various lawsuits arising in the normal course of business. We do not believe that such normal routine litigation will have a material effect on our financial condition or results of operations. Energy Call Option Lawsuits – On August 19, 2022, CVR Energy and certain of its affiliates (the “Call Defendants”) who are parties to the consolidated lawsuits (collectively, the “Call Option Lawsuits”) pending before the Delaware Court of Chancery (the “Chancery Court”) filed by purported former unitholders of CVR Refining on behalf of themselves and an alleged class of similarly situated unitholders relating to CVR Energy’s exercise of the call option (“Call Option”) under the CVR Refining Amended and Restated Agreement of Limited Partnership assigned to it by CVR Refining’s general partner, entered into a Stipulation, Compromise and Release (the “Settlement”) in connection with its expected settlement of the Call Option Lawsuits for In October 2022, the Call Defendants filed a First Amended Complaint in Chancery Court alleging Breach of Contract and Breach of the Implied Covenant of Good Faith and Fair Dealing against their primary and excess insurers (the “insurers”) relating to their denial of coverage of the Call Defendants’ defense expenses and indemnity, as well as other conduct of the Insurers relating to the Call Option Lawsuits. Also in October 2022, the Call Defendants filed motions to oppose the Insurers’ Motion for Partial Summary Judgement in the lawsuit filed by the Insurers on January 27, 2021, in the 434 th Judicial District Court of Fort Bend County, Texas seeking a declaratory judgment determining that they owe no indemnity coverage for the Call Option Lawsuits in relation to insurance policies that have coverage limits of $50 million. As both lawsuits are in their early stages, CVR Energy cannot determine at this time the outcome of these lawsuits, including whether the outcome would have a material impact on our Energy business’ financial position, results of operations, or cash flows. Other Matters Pension Obligations Mr. Icahn, through certain affiliates, owns 100% of Icahn Enterprises GP and approximately 86% of Icahn Enterprises’ outstanding depositary units as of September 30, 2022. Applicable pension and tax laws make each member of a “controlled group” of entities, generally defined as entities in which there is at least an 80% common ownership interest, jointly and severally liable for certain pension plan obligations of any member of the controlled group. These pension obligations include ongoing contributions to fund the plan, as well as liability for any unfunded liabilities that may exist at the time the plan is terminated. In addition, the failure to pay these pension obligations when due may result in the creation of liens in favor of the pension plan or the Pension Benefit Guaranty Corporation (the “PBGC”) against the assets of each member of the controlled group. As a result of the more than 80% ownership interest in us by Mr. Icahn’s affiliates, we and our subsidiaries are subject to the pension liabilities of entities in which Mr. Icahn has a direct or indirect ownership interest of at least 80%, which includes the liabilities of pension plans sponsored by Viskase and ACF Industries LLC (“ACF”), an affiliate of Mr. Icahn. All the minimum funding requirements of the Internal Revenue Code, as amended, and the Employee Retirement Income Security Act of 1974, as amended, for the Viskase and ACF plans have been met as of September 30, 2022. If the plans were voluntarily terminated, they would be underfunded by an aggregate of approximately $44 million as of September 30, 2022. These results are based on the most recent information provided by the plans’ actuaries. These liabilities could increase or decrease, depending on a number of factors, including future changes in benefits, investment returns, and the assumptions used to calculate the liability. As members of the controlled group, we would be liable for any failure of Viskase or ACF to make ongoing pension contributions or to pay the unfunded liabilities upon a termination of the Viskase or ACF pension plans. In addition, other entities now or in the future within the controlled group in which we are included may have pension plan obligations that are, or may become, underfunded and we would be liable for any failure of such entities to make ongoing pension contributions or to pay the unfunded liabilities upon termination of such plans. The current underfunded status of the pension plans of Viskase and ACF requires them to notify the PBGC of certain “reportable events,” such as if we cease to be a member of the Viskase or ACF controlled group, or if we make certain extraordinary dividends or stock redemptions. The obligation to report could cause us to seek to delay or reconsider the occurrence of such reportable events. Starfire Holding Corporation (“Starfire”), which is 99.6% owned by Mr. Icahn, has undertaken to indemnify us and our subsidiaries from losses resulting from any imposition of certain pension funding or termination liabilities that may be imposed on us and our subsidiaries or our assets as a result of being a member of the Icahn controlled group, including ACF. The Starfire indemnity provides, among other things, that so long as such contingent liabilities exist and could be imposed on us, Starfire will not make any distributions to its stockholders that would reduce its net worth to below $250 million. Nonetheless, Starfire may not be able to fund its indemnification obligations to us. Other The U.S. Attorney’s office for the Southern District of New York contacted Icahn Enterprises L.P. in June 2018 seeking production of information pertaining to trading in Manitowoc Company, Inc. securities. We cooperated with the request and provided documents in response to the subpoena. The U.S. Attorney’s office has not made any claims or allegations against us or Mr. Icahn with respect to the foregoing inquiry. We believe that we maintain a strong compliance program and, while no assurances can be made, we do not believe this inquiry will have a material impact on our business, financial condition, results of operations or cash flows.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
Supplemental Cash Flow Information	Sep. 30, 2022
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	17. Supplemental Cash Flow Information Supplemental cash flow information consists of the following: Nine Months Ended September 30, 2022 2021 (in millions) Cash payments for interest, net of amounts capitalized $ (303) $ (358) Cash payments receipts for income taxes, net of payments (139) (34) Non-cash dividends to non-controlling interests in subsidiary — (74) Partnership contributions receivable 2 24 Non-cash Investment segment contributions from non-controlling interests 3 6

Subsequent Events

Subsequent Events	9 Months Ended
Subsequent Events	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	18. Subsequent Events Icahn Enterprises LP Unit Distribution On November 2, 2022, the Board of Directors of the general partner of Icahn Enterprises declared a quarterly distribution in the amount of $2.00 per depositary unit, which will be paid on or about December 21, 2022 to depositary unitholders of record at the close of business on November 18, 2022. Depositary unitholders will have until December 9, 2022 to make a timely election to receive either cash or additional depositary units. If a unitholder does not make a timely election, it will automatically be deemed to have elected to receive the distribution in additional depositary units. Depositary unitholders who elect to receive (or who are deemed to have elected to receive) additional depositary units will receive units valued at the volume weighted average trading price of the units during the five consecutive trading days ending December 16, 2022. Icahn Enterprises will make a cash payment in lieu of issuing fractional depositary units to any unitholders electing to receive (or who are deemed to have elected to receive) depositary units.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation Our condensed consolidated financial statements include the accounts of (i) Icahn Enterprises and (ii) the wholly and majority owned subsidiaries of Icahn Enterprises, in addition to variable interest entities (“VIEs”) in which we are the primary beneficiary. In evaluating whether we have a controlling financial interest in entities that we consolidate, we consider the following: (1) for voting interest entities, including limited partnerships and similar entities that are not VIEs, we consolidate these entities in which we own a majority of the voting interests; and (2) for VIEs, we consolidate these entities in which we are the primary beneficiary. See below for a discussion of our VIEs. Kick-out rights, which are the rights underlying the limited partners’ ability to dissolve the limited partnership or otherwise remove the general partners, held through voting interests of partnerships and similar entities that are not VIEs are considered the equivalent of the equity interests of corporations that are not VIEs. Except for our Investment segment and Holding Company, for equity investments in which we own 50% or less but greater than 20%, we generally account for such investments using the equity method. All other equity investments are accounted for at fair value.
Consolidated Variable Interest Entities	Consolidated Variable Interest Entities We determined that Icahn Enterprises Holdings is a VIE because it is a limited partnership that lacks both substantive kick-out and participating rights. Although Icahn Enterprises is not the general partner of Icahn Enterprises Holdings, Icahn Enterprises is deemed to be the primary beneficiary of Icahn Enterprises Holdings principally based on its 99% limited partner interest in Icahn Enterprises Holdings, as well as our related party relationship with the general partner, and therefore continues to consolidate Icahn Enterprises Holdings. Icahn Enterprises Holdings and its subsidiaries own substantially all of our assets and liabilities and therefore, the balance sheets of Icahn Enterprises and Icahn Enterprises Holdings are substantially the same.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The carrying values of cash and cash equivalents, cash held at consolidated affiliated partnerships and restricted cash, accounts receivable, due from brokers, accounts payable, accrued expenses and other liabilities and due to brokers are deemed to be reasonable estimates of their fair values because of their short-term nature. See Note 4, “Investments,” and Note 5, “Fair Value Measurements,” for a detailed discussion of our investments and other non-financial assets and/or liabilities. The fair value of our long-term debt is based on the quoted market prices for the same or similar issues or on the current rates offered to us for debt of the same remaining maturities. The carrying value and estimated fair value of our long-term debt as of September 30, 2022 was approximately $7.1 billion and $6.4 billion, respectively. The carrying value and estimated fair value of our long-term debt as of December 31, 2021 was approximately $7.7 billion and $7.8 billion, respectively.
Cash flow	Cash Flow Cash and cash equivalents and restricted cash and restricted cash equivalents on our condensed consolidated statements of cash flows is comprised of (i) cash and cash equivalents and (ii) cash held at consolidated affiliated partnerships and restricted cash.
Cash Held at Consolidated Affiliated Partnerships and Restricted Cash	Cash Held at Consolidated Affiliated Partnerships and Restricted Cash Our cash held at consolidated affiliated partnerships balance was $3,640 million and $102 million as of September 30, 2022 and December 31, 2021, respectively. Cash held at consolidated affiliated partnerships relates to our Investment segment and consists of cash and cash equivalents held by the Investment Funds that, although not legally restricted, are not available to fund the general liquidity needs of the Investment segment or Icahn Enterprises. Our restricted cash balance was $1,138 million and $2,013 million as of September 30, 2022 and December 31, 2021, respectively. Restricted cash includes, but is not limited to, our Investment segment’s cash pledged and held for margin requirements on derivative transactions.
Revenue From Contracts With Customers and Contract Balances	Revenue From Contracts With Customers and Contract Balances Due to the nature of our business, we derive revenue from various sources in various industries. With the exception of all of our Investment segment’s and our Holding Company’s revenues, and our Real Estate segment’s leasing revenue, our revenue is generally derived from contracts with customers in accordance with U.S. GAAP. Such revenue from contracts with customers is included in net sales and other revenues from operations in the condensed consolidated statements of operations, however, our Real Estate and Automotive segment’s leasing revenue, as disclosed in Note 9, “Leases,” is also included in other revenues from operations. Related contract assets are included in accounts receivable, net or other assets and related contract liabilities are included in accrued expenses and other liabilities in the condensed consolidated balance sheets. Our disaggregation of revenue information includes our net sales and other revenues from operations for each of our reporting segments as well as additional disaggregation of revenue information for our Energy and Automotive segments. See Note 12, “Segment Reporting,” for our complete disaggregation of revenue information. In addition, we disclose additional information with respect to revenue from contracts with customers and contract balances for our Energy and Automotive segments below. Energy Our Energy segment’s deferred revenue is a contract liability that primarily relates to fertilizer sales contracts requiring customer prepayment prior to product delivery to guarantee a price and supply of nitrogen fertilizer. Deferred revenue is recorded at the point in time in which a prepaid contract is legally enforceable and the associated right to consideration is unconditional prior to transferring product to the customer. An associated receivable is recorded for uncollected prepaid contract amounts. Contracts requiring prepayment are generally short-term in nature and revenue is recognized at the point in time in which the customer obtains control of the product. Our Energy segment had deferred revenue of $65 million and $87 million as of September 30, 2022 and December 31, 2021, respectively. For the nine months ended September 30, 2022 and 2021, our Energy segment recorded revenue of $86 million and $30 million, respectively, with respect to deferred revenue outstanding as of the beginning of each respective period. As of September 30, 2022, our Energy segment had $7 million of remaining performance obligations for contracts with an original expected duration of more than one year. Our Energy segment expects to recognize approximately $2 million of these performance obligations as revenue by the end of 2022 and the remaining balance thereafter. Automotive Our Automotive segment has deferred revenue with respect to extended warranty plans of $43 million and $42 million at September 30, 2022 and December 31, 2021, respectively, which are included in accrued expenses and other liabilities on the condensed consolidated balance sheets. For the nine months ended September 30, 2022 and 2021, our Automotive segment recorded revenue of $19 million and $18 million, respectively, with respect to deferred revenue outstanding as of the beginning of each respective period.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In March 2020, the FASB issued ASU 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reporting Reference Rate Reform

Fair Value Measurements (Polici

Fair Value Measurements (Policies)	9 Months Ended
Fair Value Measurements (Policies)	Sep. 30, 2022
Fair Value Measurements
Determination of when transfers between fair value levels occurs	In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and consideration of factors specific to the assets and liabilities. Significant transfers, if any, between the levels within the fair value hierarchy are recognized at the beginning of the reporting period when changes in circumstances require such transfers.

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Net (Policies)	9 Months Ended
Goodwill and Intangible Assets, Net (Policies)	Sep. 30, 2022
Goodwill and Intangible Assets, Net
Intangible assets	We utilize the straight-line method of amortization, recognized over the estimated useful lives of the assets

Segment and Geographic Reportin

Segment and Geographic Reporting (Policies)	9 Months Ended
Segment and Geographic Reporting (Policies)	Sep. 30, 2022
Segment Reporting [Abstract]
Determination of what constitutes a segment	We report segment information based on the various industries in which our businesses operate and how we manage those businesses in accordance with our investment strategies, which may include: identifying and acquiring undervalued assets and businesses, often through the purchase of distressed securities; increasing value through management, financial or other operational changes; and managing complex legal, regulatory or financial issues, which may include bankruptcy or insolvency, environmental, zoning, permitting and licensing issues. Therefore, although many of our businesses are operated under separate local management, certain of our businesses are grouped together when they operate within a similar industry, comprising similarities in products, customers, production processes and regulatory environments, and when such businesses, when considered together, may be managed in accordance with one or more investment strategies specific to those businesses. Among other measures, we assess and measure segment operating results based on net income from continuing operations attributable to Icahn Enterprises. Certain terms of financings for certain of our businesses impose restrictions on the business’ ability to transfer funds to us, including restrictions on dividends, distributions, loans and other transactions.

Investments (Tables)

Investments (Tables)	9 Months Ended
Investments (Tables)	Sep. 30, 2022
Investment Segment
Schedule of Investments
Investment	September 30, December 31, 2022 2021 (in millions) Assets Investments: Equity securities: Communications $ 317 $ 352 Consumer, cyclical 666 1,281 Energy 1,067 3,184 Utilities 1,163 992 Healthcare 341 1,009 Technology 634 931 Materials 143 194 Industrial 418 895 4,749 8,838 Corporate debt securities 37 114 $ 4,786 $ 8,952 Liabilities Securities sold, not yet purchased, at fair value: Equity securities: Consumer, non-cyclical $ 753 $ — Consumer, cyclical 499 848 Energy 2,180 2,028 Utilities 818 659 Healthcare 319 1,049 Materials 372 365 Industrial 284 391 5,225 5,340 Corporate debt securities 157 — $ 5,382 $ 5,340
Other Segments and Holding Company
Schedule of Investments
Investment	September 30, December 31, 2022 2021 (in millions) Equity method investments $ 77 $ 79 Other investments measured at fair value 14 120 $ 91 $ 199

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
Fair Value Measurements (Tables)	Sep. 30, 2022
Fair Value Measurements
Assets measured at fair value on a recurring basis	September 30, 2022 December 31, 2021 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (in millions) Assets Investments (Note 4) $ 4,711 $ 36 $ 42 $ 4,789 $ 8,905 $ 113 $ 42 $ 9,060 Derivative assets, net (Note 6) — 1,504 — 1,504 — 612 — 612 $ 4,711 $ 1,540 $ 42 $ 6,293 $ 8,905 $ 725 $ 42 $ 9,672 Liabilities Securities sold, not yet purchased (Note 4) $ 5,225 $ 157 $ — $ 5,382 $ 5,340 $ — $ — $ 5,340 Derivative liabilities, net (Note 6) — 713 — 713 — 787 — 787 RFS obligations (Note 16) — 715 — 715 — 494 — 494 $ 5,225 $ 1,585 $ — $ 6,810 $ 5,340 $ 1,281 $ — $ 6,621

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
Financial Instruments (Tables)	Sep. 30, 2022
Financial Instruments
Notional exposure of derivative instruments	September 30, 2022 December 31, 2021 Long Notional Exposure Short Notional Exposure Long Notional Exposure Short Notional Exposure (in millions) Primary underlying risk: Equity contracts $ 1,534 $ 5,384 $ 1,582 $ 5,986 Credit contracts (1) — 715 — 2,081 (1) The short notional amount on our credit default swap positions was approximately $3.9 billion at September 30, 2022. However, because credit spreads cannot compress below zero , our downside short notional exposure to loss is approximately $0.7 billion as of September 30, 2022. The short notional amount on our credit default swap positions was approximately $6.6 billion as of December 31, 2021. However, because credit spreads cannot compress below zero , our downside short notional exposure to loss is approximately $2.1 billion as of December 31, 2021.
Fair value and income recognized for derivatives not designated as hedging instruments	Derivative Assets Derivative Liabilities September 30, 2022 December 31, 2021 September 30, 2022 December 31, 2021 (in millions) Equity contracts $ 870 $ 68 $ 787 $ 1,317 Credit contracts 703 1,075 — — Sub-total 1,573 1,143 787 1,317 Netting across contract types (1) (74) (532) (74) (532) Total (1) $ 1,499 $ 611 $ 713 $ 785 (1) Excludes netting of cash collateral received and posted. The total collateral posted at September 30, 2022 and December 31, 2021 was $1,045 million and $1,906 million, respectively, across all counterparties, which are included in cash held at consolidated affiliated partnerships and restricted cash in the condensed consolidated balance sheets. The following table presents the amount of gain (loss) recognized in the condensed consolidated statements of operations for our Investment segment’s derivatives not designated as hedging instruments: Gain (loss) Recognized in Income (1) Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in millions) Equity contracts $ 227 $ (54) $ 710 $ (688) Credit contracts (259) 122 (579) 120 $ (32) $ 68 $ 131 $ (568) (1) Gains (losses) recognized on derivatives are classified in net (loss) gain from investment activities in our condensed consolidated statements of operations for our Investment segment.

Inventories, Net (Tables)

Inventories, Net (Tables)	9 Months Ended
Inventories, Net (Tables)	Sep. 30, 2022
Inventories Net
Inventories	September 30, December 31, 2022 2021 (in millions) Raw materials $ 373 $ 291 Work in process 93 83 Finished goods 1,208 1,104 $ 1,674 $ 1,478

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, Net (Tables)	9 Months Ended
Goodwill and Intangible Assets, Net (Tables)	Sep. 30, 2022
Goodwill and Intangible Assets, Net
Schedule of Goodwill	September 30, 2022 December 31, 2021 Gross Net Gross Net Carrying Accumulated Carrying Carrying Accumulated Carrying Amount Impairment Value Amount Impairment Value (in millions) Automotive $ 337 $ (87) $ 250 $ 337 $ (87) $ 250 Food Packaging 6 — 6 6 — 6 Home Fashion 20 (3) 17 24 (3) 21 Pharma 13 — 13 13 — 13 $ 376 $ (90) $ 286 $ 380 $ (90) $ 290
Intangible assets, net	September 30, 2022 December 31, 2021 Gross Net Gross Net Carrying Accumulated Carrying Carrying Accumulated Carrying Amount Amortization Value Amount Amortization Value (in millions) Definite-lived intangible assets: Customer relationships $ 394 $ (209) $ 185 $ 394 $ (192) $ 202 Developed technology 254 (55) 199 254 (34) 220 Other 164 (84) 80 167 (77) 90 $ 812 $ (348) $ 464 $ 815 $ (303) $ 512 Indefinite-lived intangible assets $ 83 $ 83 Intangible assets, net $ 547 $ 595

Leases (Tables)

Leases (Tables)	9 Months Ended
Leases (Tables)	Sep. 30, 2022
Leases [Abstract]
Lessee right-of-use assets and liabilities	September 30, December 31, 2022 2021 (in millions) Operating Leases: Right-of-use assets (other assets) $ 416 $ 467 Lease liabilities (accrued expenses and other liabilities) 424 479 Financing Leases: Right-of-use assets (property, plant and equipment, net) 49 56 Lease liabilities (debt) 66 72
Operating lease term and discount rate	Right-Of-Use Lease Discount Operating Leases as of September 30, 2022 Assets Liabilities Lease Term Rate (in millions) Energy $ 35 $ 35 3.9 years 5.1% Automotive 330 340 4.5 years 5.7% Food Packaging 24 27 10.3 years 7.4% Other segments and Holding Company 27 22 $ 416 $ 424 Right-Of-Use Lease Discount Operating Leases as of December 31, 2021 Assets Liabilities Lease Term Rate (in millions) Energy $ 37 $ 37 4.1 years 5.4% Automotive 369 385 4.9 years 5.8% Food Packaging 28 31 10.5 years 7.4% Other segments and Holding Company 33 26 $ 467 $ 479

Debt (Tables)

Debt (Tables)	9 Months Ended
Debt (Tables)	Sep. 30, 2022
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	September 30, December 31, 2022 2021 (in millions) Holding Company: 6.750% senior unsecured notes due 2024 $ — $ 499 4.750% senior unsecured notes due 2024 1,104 1,105 6.375% senior unsecured notes due 2025 749 748 6.250% senior unsecured notes due 2026 1,250 1,250 5.250% senior unsecured notes due 2027 1,460 1,461 4.375% senior unsecured notes due 2029 747 747 5,310 5,810 Reporting Segments: Energy 1,593 1,660 Automotive 15 26 Food Packaging 163 155 Real Estate 1 1 Home Fashion 45 40 1,817 1,882 Total Debt $ 7,127 $ 7,692

Net Income (Loss) Per LP Unit (

Net Income (Loss) Per LP Unit (Tables)	9 Months Ended
Net Income (Loss) Per LP Unit (Tables)	Sep. 30, 2022
Earnings Per Unit [Abstract]
Net income per LP unit	Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in millions, except per unit amounts) Net (loss) income attributable to Icahn Enterprises $ (123) $ (148) $ 72 $ (122) Net (loss) income attributable to Icahn Enterprises allocated to limited partners (98.01% allocation) $ (121) $ (145) $ 71 $ (120) Basic (loss) income per LP unit: $ (0.37) $ (0.55) $ 0.23 $ (0.47) Basic weighted average LP units outstanding 324 266 308 253 Diluted (loss) income per LP unit: $ (0.37) $ (0.55) $ 0.23 $ (0.47) Diluted weighted average LP units outstanding 324 266 308 253

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
Segment Reporting (Tables)	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Schedule of Condensed Income Statement by Segment	Three Months Ended September 30, 2022 Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Metals Holding Company Consolidated (in millions) Revenues: Net sales $ — $ 2,699 $ 448 $ 111 $ 14 $ 49 $ 13 $ — $ — $ 3,334 Other revenues from operations — — 177 — 19 — 1 — — 197 Net (loss) from investment activities (187) — — — — — — — — (187) Interest and dividend income 76 3 — — — — — — 9 88 Other (loss) income, net (26) 2 2 (6) — 1 — — (1) (28) (137) 2,704 627 105 33 50 14 — 8 3,404 Expenses: Cost of goods sold — 2,569 303 92 9 42 11 — — 3,026 Other expenses from operations — — 140 — 16 — — — — 156 Selling, general and administrative 2 42 213 14 4 15 10 — 5 305 Interest expense 42 22 — 2 — 1 — — 72 139 44 2,633 656 108 29 58 21 — 77 3,626 (Loss) income before income tax (expense) benefit (181) 71 (29) (3) 4 (8) (7) — (69) (222) Income tax (expense) benefit — (3) 8 — — (1) — — 3 7 Net (loss) income (181) 68 (21) (3) 4 (9) (7) — (66) (215) Less: net (loss) income attributable to non-controlling interests (100) 8 — — — — — — — (92) Net (loss) income attributable to Icahn Enterprises $ (81) $ 60 $ (21) $ (3) $ 4 $ (9) $ (7) $ — $ (66) $ (123) Supplemental information: Capital expenditures $ — $ 57 $ 36 $ 4 $ 1 $ 2 $ — $ — $ — $ 100 Depreciation and amortization $ — $ 92 $ 20 $ 6 $ 3 $ 2 $ 7 $ — $ 1 $ 131 Three Months Ended September 30, 2021 Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Metals Holding Company Consolidated (in millions) Revenues: Net sales $ — $ 1,883 $ 440 $ 104 $ 17 $ 51 $ 18 $ 144 $ — $ 2,657 Other revenues from operations — — 154 — 13 — 1 — — 168 Net (loss) from investment activities (148) (1) — — — — — — (28) (177) Interest and dividend income 33 — — — — — — — 1 34 Other (loss) income, net (16) 1 (17) (1) — — — — — (33) (131) 1,883 577 103 30 51 19 144 (27) 2,649 Expenses: Cost of goods sold — 1,686 301 85 12 42 12 132 — 2,270 Other expenses from operations — — 121 — 13 — — — — 134 Selling, general and administrative 3 37 225 13 5 12 12 5 4 316 Restructuring, net — — 1 — — — — — — 1 Interest expense 53 23 1 2 — — — — 79 158 56 1,746 649 100 30 54 24 137 83 2,879 (Loss) income before income tax (expense) benefit (187) 137 (72) 3 — (3) (5) 7 (110) (230) Income tax (expense) benefit — (43) 17 (2) — — — — 47 19 Net (loss) income (187) 94 (55) 1 — (3) (5) 7 (63) (211) Less: net (loss) income attributable to non-controlling interests (103) 40 — — — — — — — (63) Net (loss) income attributable to Icahn Enterprises $ (84) $ 54 $ (55) $ 1 $ — $ (3) $ (5) $ 7 $ (63) $ (148) Supplemental information: Capital expenditures $ — $ 62 $ 13 $ 3 $ 1 $ 1 $ — $ 1 $ — $ 81 Depreciation and amortization $ — $ 83 $ 22 $ 7 $ 2 $ 1 $ 7 $ 3 $ 1 $ 126 Nine Months Ended September 30, 2022 Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Metals Holding Company Consolidated (in millions) Revenues: Net sales $ — $ 8,216 $ 1,293 $ 322 $ 48 $ 173 $ 46 $ — $ — $ 10,098 Other revenues from operations — — 516 — 43 — 3 — — 562 Net gain from investment activities 262 — — — — — — — 48 310 Interest and dividend income 163 4 — — — — — — 13 180 Other (loss) income, net (61) (83) 4 (11) — 1 1 — (1) (150) 364 8,137 1,813 311 91 174 50 — 60 11,000 Expenses: Cost of goods sold — 7,407 858 263 31 144 35 — — 8,738 Other expenses from operations — — 400 — 41 — — — — 441 Selling, general and administrative 16 130 640 40 11 37 30 — 17 921 Interest expense 127 70 1 5 — 2 — — 219 424 143 7,607 1,899 308 83 183 65 — 236 10,524 Income (loss) before income tax benefit (expense) 221 530 (86) 3 8 (9) (15) — (176) 476 Income tax (expense) benefit — (94) 22 (3) — (1) — — (17) (93) Net income (loss) 221 436 (64) — 8 (10) (15) — (193) 383 Less: net income (loss) attributable to non-controlling interests 106 205 — — — — — — — 311 Net income (loss) attributable to Icahn Enterprises $ 115 $ 231 $ (64) $ — $ 8 $ (10) $ (15) $ — $ (193) $ 72 Supplemental information: Capital expenditures $ — $ 145 $ 87 $ 13 $ 7 $ 2 $ — $ — $ — $ 254 Depreciation and amortization $ — $ 264 $ 60 $ 20 $ 9 $ 5 $ 21 $ — $ 1 $ 380 Nine Months Ended September 30, 2021 Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Metals Holding Company Consolidated (in millions) Revenues: Net sales $ — $ 5,129 $ 1,377 $ 311 $ 45 $ 143 $ 65 $ 417 $ — $ 7,487 Other revenues from operations — — 454 — 29 — 3 — — 486 Net gain (loss) from investment activities 966 82 — — — — — — (13) 1,035 Interest and dividend income 90 — — — — — — — 4 94 Other (loss) income, net (55) 1 (20) (9) — — — 1 3 (79) 1,001 5,212 1,811 302 74 143 68 418 (6) 9,023 Expenses: Cost of goods sold — 5,022 964 253 34 117 38 384 — 6,812 Other expenses from operations — — 352 — 29 — — — 381 Selling, general and administrative 11 106 661 37 16 34 29 14 22 930 Restructuring, net — — 6 — — — — — — 6 Interest expense 170 84 7 5 — 1 — 1 243 511 181 5,212 1,990 295 79 152 67 399 265 8,640 Income (loss) before income tax benefit (expense) 820 — (179) 7 (5) (9) 1 19 (271) 383 Income tax benefit (expense) — 13 40 (5) — — — — (105) (57) Net income (loss) 820 13 (139) 2 (5) (9) 1 19 (376) 326 Less: net income attributable to non-controlling interests 445 3 — — — — — — — 448 Net income (loss) attributable to Icahn Enterprises $ 375 $ 10 $ (139) $ 2 $ (5) $ (9) $ 1 $ 19 $ (376) $ (122) Supplemental information: Capital expenditures $ — $ 188 $ 33 $ 9 $ 5 $ 2 $ — $ 2 $ — $ 239 Depreciation and amortization $ — $ 253 $ 66 $ 21 $ 7 $ 5 $ 21 $ 11 $ 1 $ 385
Schedule of Condensed Financial Statements by Segment	September 30, 2022 Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated (in millions) ASSETS Cash and cash equivalents $ 21 $ 618 $ 61 $ 12 $ 26 $ 3 $ 20 $ 1,671 $ 2,432 Cash held at consolidated affiliated partnerships and restricted cash 4,684 7 10 — 10 1 — 66 4,778 Investments 4,786 77 — — 14 — — — 4,877 Accounts receivable, net — 320 143 84 13 30 20 — 610 Inventories, net — 632 812 101 — 106 23 — 1,674 Property, plant and equipment, net — 2,696 819 133 347 57 — 5 4,057 Goodwill and intangible assets, net — 205 354 24 — 17 233 — 833 Other assets 7,271 284 461 94 105 17 5 22 8,259 Total assets $ 16,762 $ 4,839 $ 2,660 $ 448 $ 515 $ 231 $ 301 $ 1,764 $ 27,520 LIABILITIES AND EQUITY Accounts payable, accrued expenses and other liabilities $ 1,785 $ 1,933 $ 1,012 $ 138 $ 52 $ 60 $ 56 $ 108 $ 5,144 Securities sold, not yet purchased, at fair value 5,382 — — — — — — — 5,382 Debt — 1,593 15 163 1 45 — 5,310 7,127 Total liabilities 7,167 3,526 1,027 301 53 105 56 5,418 17,653 Equity attributable to Icahn Enterprises 4,387 674 1,633 134 458 126 245 (3,654) 4,003 Equity attributable to non-controlling interests 5,208 639 — 13 4 — — — 5,864 Total equity 9,595 1,313 1,633 147 462 126 245 (3,654) 9,867 Total liabilities and equity $ 16,762 $ 4,839 $ 2,660 $ 448 $ 515 $ 231 $ 301 $ 1,764 $ 27,520 December 31, 2021 Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated (in millions) ASSETS Cash and cash equivalents $ 19 $ 510 $ 28 $ 10 $ 30 $ 3 $ 14 $ 1,707 $ 2,321 Cash held at consolidated affiliated partnerships and restricted cash 2,008 7 17 — 11 — — 72 2,115 Investments 8,952 79 — — 15 — — 105 9,151 Accounts receivable, net — 299 103 82 10 32 20 — 546 Inventories, net — 484 780 93 — 106 15 — 1,478 Property, plant and equipment, net — 2,735 786 147 351 60 — 6 4,085 Goodwill and intangible assets, net — 221 362 27 — 21 254 — 885 Other assets 6,156 252 506 99 109 21 6 16 7,165 Total assets $ 17,135 $ 4,587 $ 2,582 $ 458 $ 526 $ 243 $ 309 $ 1,906 $ 27,746 LIABILITIES AND EQUITY Accounts payable, accrued expenses and other liabilities $ 2,405 $ 1,579 $ 981 $ 146 $ 49 $ 71 $ 50 $ 90 $ 5,371 Securities sold, not yet purchased, at fair value 5,340 — — — — — — — 5,340 Debt — 1,660 26 155 1 40 — 5,810 7,692 Total liabilities 7,745 3,239 1,007 301 50 111 50 5,900 18,403 Equity attributable to Icahn Enterprises 4,271 686 1,575 143 472 132 259 (3,994) 3,544 Equity attributable to non-controlling interests 5,119 662 — 14 4 — — — 5,799 Total equity 9,390 1,348 1,575 157 476 132 259 (3,994) 9,343 Total liabilities and equity $ 17,135 $ 4,587 $ 2,582 $ 458 $ 526 $ 243 $ 309 $ 1,906 $ 27,746
Energy Segment
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in millions) Petroleum products $ 2,543 $ 1,738 $ 7,593 $ 4,785 Nitrogen fertilizer products 156 145 623 344 $ 2,699 $ 1,883 $ 8,216 $ 5,129
Automotive Segment
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in millions) Automotive services $ 410 $ 355 $ 1,156 $ 1,024 Aftermarket parts sales 202 236 618 802 $ 612 $ 591 $ 1,774 $ 1,826

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
Changes in Accumulated Other Comprehensive Loss (Tables)	Sep. 30, 2022
Changes in Accumulated Other Comprehensive Loss [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	Translation Post-Retirement Adjustments, Net Benefits and of Tax Other, Net of Tax Total (in millions) Balance, December 31, 2021 $ (38) $ (36) $ (74) Other comprehensive (loss) income before reclassifications, net of tax (13) 1 (12) Other comprehensive (loss) income, net of tax (13) 1 (12) Balance, September 30, 2022 $ (51) $ (35) $ (86)

Other (Loss) Income, Net (Table

Other (Loss) Income, Net (Tables)	9 Months Ended
Other (Loss) Income, Net (Tables)	Sep. 30, 2022
Other Income and Expenses [Abstract]
Schedule of other income	Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in millions) Dividend expense $ (26) $ (16) $ (61) $ (55) Equity earnings from non-consolidated affiliates 2 6 7 9 (Loss) gain on disposition of assets, net 1 (21) 3 (24) Foreign currency transaction loss (6) (2) (11) (9) Legal settlement loss — — (88) — (Loss) on extinguishment of debt, net — — (1) (5) Other 1 — 1 5 $ (28) $ (33) $ (150) $ (79)

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	9 Months Ended
Supplemental Cash Flow Information (Tables)	Sep. 30, 2022
Supplemental Cash Flow Information [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	Nine Months Ended September 30, 2022 2021 (in millions) Cash payments for interest, net of amounts capitalized $ (303) $ (358) Cash payments receipts for income taxes, net of payments (139) (34) Non-cash dividends to non-controlling interests in subsidiary — (74) Partnership contributions receivable 2 24 Non-cash Investment segment contributions from non-controlling interests 3 6

Description of Business (Detail

Description of Business (Details) $ in Billions		9 Months Ended
Description of Business (Details) $ in Billions	Dec. 07, 2021	Sep. 30, 2022 USD ($) item company product	Dec. 31, 2021 USD ($)
Description of Business [Line Items]
Number of Operating Segments \| company		2
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] \| PSC Metals
Description of Business [Line Items]
Percentage of interest sold	100%
Icahn Enterprises Holdings
Description of Business [Line Items]
Percentage of equity ownership in operating subsidiary		99%
Icahn Enterprises Holdings \| Icahn Enterprises G.P.
Description of Business [Line Items]
General partner ownership percentage in Icahn Enterprises		1%
Icahn Enterprises Holdings \| Mr. Icahn and affiliates
Description of Business [Line Items]
Affiliate ownership interest		86%
Icahn Enterprises G.P.
Description of Business [Line Items]
Aggregate general partner ownership interest of parent and operating subsidiary		1.99%
CVR Refining
Description of Business [Line Items]
Percentage of equity ownership in operating subsidiary		37%
CVR Energy \| Energy Segment
Description of Business [Line Items]
Percentage of equity ownership in operating subsidiary		71%
Viskase \| Private Placement
Description of Business [Line Items]
Percentage of equity ownership in operating subsidiary		89%
Investment Funds
Description of Business [Line Items]
Fair value of investment in subsidiary \| $		$ 4.4	$ 4.2
Vivus \| Pharma Segment
Description of Business [Line Items]
Number Of Approved Therapies \| item		2
Number Of Product Candidate In Active Clinical Development \| product		1

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Accounting Policies [Line Items]
Debt	$ 7,127		$ 7,692
Fair value of long-term debt	6,400		7,800
Restricted cash	$ 4,778		2,115
Icahn Enterprises Holdings
Accounting Policies [Line Items]
Percentage of equity ownership in operating subsidiary	99%
Cash held at consolidated affiliated partnerships
Accounting Policies [Line Items]
Restricted cash	$ 3,640		102
Restricted cash
Accounting Policies [Line Items]
Restricted cash	1,138		2,013
Energy Segment
Accounting Policies [Line Items]
Debt	1,593		1,660
Restricted cash	7		7
Remaining performance obligation expected to be recognized as revenue within one year	2
Remaining performance obligation for contracts with an original expected duration of more than one year	7
Deferred revenue	65		87
Recorded revenue	86	$ 30
Automotive Segment
Accounting Policies [Line Items]
Debt	15		26
Restricted cash	10		17
Deferred revenue	43		$ 42
Recorded revenue	$ 19	$ 18

Related Party Transactions (Det

Related Party Transactions (Details) $ in Millions		3 Months Ended		9 Months Ended		12 Months Ended
Related Party Transactions (Details) $ in Millions	Oct. 01, 2022	Sep. 30, 2022 USD ($) item	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) item	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Related Party Transaction
Number of Portfolios \| item		2		2
Mr. Icahn and affiliates
Related Party Transaction
Percentage of assets under management		54%		54%		54%
Noncontrolling Interest in Variable Interest Entity		$ 5,200		$ 5,200		$ 5,000
Brett Icahn
Related Party Transaction
Portfolio Manager Term	7 years			7 years
Number Of Lump Sum Payments After Term \| item		1		1
Expense sharing arrangement \| Consolidated VIE
Related Party Transaction
Amount of transaction with related party		$ 2	$ 2	$ 8	$ 10
Brett Icahn
Related Party Transaction
Amount contributed in accordance with manager agreement				16	$ 68
Investment funds total fair value				$ 48		$ 93

Investments - Investment Segmen

Investments - Investment Segment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2020	Dec. 31, 2021
Schedule of Investments
Investments	$ 4,877		$ 4,877		$ 9,151
Securities sold, not yet purchased, at fair value	5,382		5,382		5,340
Investment Segment
Schedule of Investments
Investments	4,786		4,786		8,952
Securities sold, not yet purchased, at fair value	5,382		5,382		5,340
Portion of unrealized (losses) gains that relates to equity and debt securities still held	(250)	$ (204)	(1,172)	$ 1,384
Investment Segment \| Equity securities
Schedule of Investments
Investments	4,749		4,749		8,838
Securities sold, not yet purchased, at fair value	5,225		5,225		5,340
Investment Segment \| Corporate debt securities
Schedule of Investments
Investments	37		37		114
Securities sold, not yet purchased, at fair value	157		157
Investment Segment \| Communication
Schedule of Investments
Investments	317		317		352
Investment Segment \| Consumer, non-cyclical
Schedule of Investments
Securities sold, not yet purchased, at fair value	753		753
Investment Segment \| Consumer, cyclical
Schedule of Investments
Investments	666		666		1,281
Securities sold, not yet purchased, at fair value	499		499		848
Investment Segment \| Energy
Schedule of Investments
Investments	1,067		1,067		3,184
Securities sold, not yet purchased, at fair value	2,180		2,180		2,028
Investment Segment \| Utilities
Schedule of Investments
Investments	1,163		1,163		992
Securities sold, not yet purchased, at fair value	818		818		659
Investment Segment \| Healthcares
Schedule of Investments
Investments	341		341		1,009
Securities sold, not yet purchased, at fair value	319		319		1,049
Investment Segment \| Technology
Schedule of Investments
Investments	634		634		931
Investment Segment \| Materials
Schedule of Investments
Investments	143		143		194
Securities sold, not yet purchased, at fair value	372		372		365
Investment Segment \| Industrial
Schedule of Investments
Investments	418		418		895
Securities sold, not yet purchased, at fair value	$ 284		$ 284		$ 391

Investments - Other Segments an

Investments - Other Segments and Holding Company (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Schedule of Investments
Investments	$ 4,877		$ 4,877		$ 9,151
Other Segments and Holding Company
Schedule of Investments
Investments	91		91		199
Portion of unrealized (losses) gains that relates to equity securities still held	0	$ (86)	61	$ (42)
Equity method investments \| Other Segments and Holding Company
Schedule of Investments
Investments	77		77		79
Other investments \| Other Segments and Holding Company
Schedule of Investments
Investments	$ 14		$ 14		$ 120

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Measurement (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Assets
Derivative contracts, at fair value (asset)	$ 1,511	$ 612
Liabilities
Securities sold, not yet purchased, at fair value	5,382	5,340
Derivative contracts, at fair value (liability)	713	787
Recurring measurement
Assets
Investments	4,789	9,060
Derivative contracts, at fair value (asset)	1,504	612
Assets, Fair Value Disclosure	6,293	9,672
Liabilities
Securities sold, not yet purchased, at fair value	5,382	5,340
Derivative contracts, at fair value (liability)	713	787
Other liabilities	715	494
Financial and Nonfinancial Liabilities, Fair Value Disclosure	6,810	6,621
Recurring measurement \| Level 1
Assets
Investments	4,711	8,905
Assets, Fair Value Disclosure	4,711	8,905
Liabilities
Securities sold, not yet purchased, at fair value	5,225	5,340
Financial and Nonfinancial Liabilities, Fair Value Disclosure	5,225	5,340
Recurring measurement \| Level 2
Assets
Investments	36	113
Derivative contracts, at fair value (asset)	1,504	612
Assets, Fair Value Disclosure	1,540	725
Liabilities
Securities sold, not yet purchased, at fair value	157
Derivative contracts, at fair value (liability)	713	787
Other liabilities	715	494
Financial and Nonfinancial Liabilities, Fair Value Disclosure	1,585	1,281
Recurring measurement \| Level 3
Assets
Investments	42	42
Assets, Fair Value Disclosure	$ 42	$ 42

Financial Instruments - Derivat

Financial Instruments - Derivative Activities Table (Details) - Investment Segment - USD ($) $ in Millions		Sep. 30, 2022	Dec. 31, 2021
Equity Contract
Primary underlying risk:
Long Notional Exposure		$ 1,534	$ 1,582
Short Notional Exposure		5,384	5,986
Credit Risk Contract
Primary underlying risk:
Long Notional Exposure	[1]	0	0
Short Notional Exposure	[1]	715	2,081
Credit Default Swap
Primary underlying risk:
Long Notional Exposure		0
Short notional amount of credit default swap positions		$ 3,900	$ 6,600

[1] The short notional amount on our credit default swap positions was approximately $3.9 billion at September 30, 2022. However, because credit spreads cannot compress below zero , our downside short notional exposure to loss is approximately $0.7 billion as of September 30, 2022. The short notional amount on our credit default swap positions was approximately $6.6 billion as of December 31, 2021. However, because credit spreads cannot compress below zero , our downside short notional exposure to loss is approximately $2.1 billion as of December 31, 2021.

Financial Instruments - Deriv_2

Financial Instruments - Derivatives Not Designated as Hedging, Fair Value Table (Details) - USD ($) $ in Millions		Sep. 30, 2022	Dec. 31, 2021
Derivatives Not Designated as Hedging Instruments, Fair Value
Unrealized Gain On Derivative Contracts		$ 1,511	$ 612
Derivative contracts, at fair value (liability)		713	787
Investment Segment
Derivatives Not Designated as Hedging Instruments, Fair Value
Collateral for derivative positions		1,045	1,906
Investment Segment \| Not designated as hedging instrument \| Other assets [Member]
Derivatives Not Designated as Hedging Instruments, Fair Value
Asset derivatives, Gross		1,573	1,143
Derivative, Fair Value, Amount Offset Against Collateral, Net	[1]	(74)	(532)
Unrealized Gain On Derivative Contracts	[1]	1,499	611
Investment Segment \| Not designated as hedging instrument \| Accrued expenses and other liabilities
Derivatives Not Designated as Hedging Instruments, Fair Value
Liability derivatives, Gross		787	1,317
Derivative, Fair Value, Amount Offset Against Collateral, Net	[1]	(74)	(532)
Derivative contracts, at fair value (liability)	[1]	713	785
Investment Segment \| Not designated as hedging instrument \| Equity Contract \| Other assets [Member]
Derivatives Not Designated as Hedging Instruments, Fair Value
Asset derivatives, Gross		870	68
Investment Segment \| Not designated as hedging instrument \| Equity Contract \| Accrued expenses and other liabilities
Derivatives Not Designated as Hedging Instruments, Fair Value
Liability derivatives, Gross		787	1,317
Investment Segment \| Not designated as hedging instrument \| Credit Risk Contract \| Other assets [Member]
Derivatives Not Designated as Hedging Instruments, Fair Value
Asset derivatives, Gross		$ 703	$ 1,075

[1] Excludes netting of cash collateral received and posted. The total collateral posted at September 30, 2022 and December 31, 2021 was $1,045 million and $1,906 million, respectively, across all counterparties, which are included in cash held at consolidated affiliated partnerships and restricted cash in the condensed consolidated balance sheets.

Financial Instruments - Gain (L

Financial Instruments - Gain (Loss) Recognized on Derivatives Not Designated as Hedging Table (Details) - Not designated as hedging instrument - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net gain (loss) from investment activities
Derivative
Gain (loss) on derivatives not designated as hedging instruments recognized in income	[1]	$ (32)	$ 68	$ 131	$ (568)
Equity Contract
Derivative
Gain (loss) on derivatives not designated as hedging instruments recognized in income	[1]	227	(54)	710	(688)
Credit Risk Contract
Derivative
Gain (loss) on derivatives not designated as hedging instruments recognized in income	[1]	$ (259)	$ 122	$ (579)	$ 120

[1] Gains (losses) recognized on derivatives are classified in net (loss) gain from investment activities in our condensed consolidated statements of operations for our Investment segment.

Financial Instruments - Narrati

Financial Instruments - Narrative (Details) bbl in Millions, MMBbls in Millions		3 Months Ended		9 Months Ended		12 Months Ended
		Sep. 30, 2022 USD ($) bbl	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) bbl MMBbls	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($) MMBbls	Dec. 31, 2021 item	Dec. 31, 2021 bbl
Derivatives, Fair Value
Unrealized Gain On Derivative Contracts		$ 1,511,000,000		$ 1,511,000,000		$ 612,000,000
Investment Segment
Derivatives, Fair Value
Fair value of derivative instruments with credit risk related contingent features in a liability position		0		0		0
Investment Segment \| Not designated as hedging instrument \| Other assets [Member]
Derivatives, Fair Value
Unrealized Gain On Derivative Contracts	[1]	1,499,000,000		1,499,000,000		611,000,000
Energy Segment \| Not designated as hedging instrument \| Other assets [Member]
Derivatives, Fair Value
Derivative Asset		5,000,000		5,000,000		1,000,000
Unrealized Gain On Derivative Contracts						$ 2,000,000
Energy Segment \| Not designated as hedging instrument \| Cost of Goods and Service Benchmark
Derivatives, Fair Value
Gain (loss) on derivatives not designated as hedging instruments recognized in income		$ 23,000,000	$ (12,000,000)	$ (43,000,000)	$ (46,000,000)
Future Contracts \| Maximum
Derivatives, Fair Value
Derivative volume (barrels) \| MMBbls				1		1
Forward Contracts \| Energy Segment \| Not designated as hedging instrument
Derivatives, Fair Value
Derivative, Number of Instruments Held		32		32			0	2

[1] Excludes netting of cash collateral received and posted. The total collateral posted at September 30, 2022 and December 31, 2021 was $1,045 million and $1,906 million, respectively, across all counterparties, which are included in cash held at consolidated affiliated partnerships and restricted cash in the condensed consolidated balance sheets.

Inventories, Net (Details)

Inventories, Net (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Inventories Net
Raw materials	$ 373	$ 291
Work in process	93	83
Finished goods	1,208	1,104
Inventories, net	$ 1,674	$ 1,478

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, Net - Goodwill Table (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Goodwill
Gross carrying amount of goodwill	$ 376	$ 380
Accumulated impairment of goodwill	(90)	(90)
Goodwill	286	290
Automotive Segment
Goodwill
Gross carrying amount of goodwill	337	337
Accumulated impairment of goodwill	(87)	(87)
Goodwill	250	250
Food Packaging Segment
Goodwill
Gross carrying amount of goodwill	6	6
Goodwill	6	6
Home Fashion Segment
Goodwill
Gross carrying amount of goodwill	20	24
Accumulated impairment of goodwill	(3)	(3)
Goodwill	17	21
Pharma Segment
Goodwill
Gross carrying amount of goodwill	13	13
Goodwill	$ 13	$ 13

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets, Net - Definite-lived and Indefinite-lived Intangible Assets Table (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Definite-lived intangible assets:
Gross Carrying Amount	$ 812	$ 815
Accumulated Amortization	(348)	(303)
Net Carrying Value	464	512
Indefinite-lived intangible assets	83	83
Intangible assets, net	547	595
Customer Relationships
Definite-lived intangible assets:
Gross Carrying Amount	394	394
Accumulated Amortization	(209)	(192)
Net Carrying Value	185	202
Developed Technology
Definite-lived intangible assets:
Gross Carrying Amount	254	254
Accumulated Amortization	(55)	(34)
Net Carrying Value	199	220
Unclassified Indefinite-lived Intangible Assets
Definite-lived intangible assets:
Gross Carrying Amount	164	167
Accumulated Amortization	(84)	(77)
Net Carrying Value	$ 80	$ 90

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets, Net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Goodwill and Intangible Assets, Net
Amortization expense associated with definite-lived intangible assets	$ 16	$ 17	$ 45	$ 49

Leases (Details)

Leases (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Leases (Details) - USD ($) $ in Millions	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Leases [Line Items]
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets		Other Assets		Other Assets
Operating lease right-of-use asset	$ 416		$ 416		$ 467
Operating lease liability	$ 424		$ 424		$ 479
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Accrued Liabilities		Accrued Liabilities		Accrued Liabilities
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets		Other Assets		Other Assets
Finance lease right-of-use asset	$ 49		$ 49		$ 56
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities		Accrued Liabilities		Accrued Liabilities
Finance Lease, Liability	$ 66		$ 66		$ 72
Operating Lease, Expense	47	$ 49	145	$ 150
Finance Lease, Right-of-Use Asset, Amortization	3	3	7	8
Finance Lease, Interest Expense	2	2	4	5
Property, plant and equipment, net	4,057		4,057		4,085
Real Estate Segment
Leases [Line Items]
Operating Lease, Lease Income	2	1	5	7
Property, plant and equipment, net	347		347		351
Real Estate Segment \| Real estate assets leased to others
Leases [Line Items]
Property, plant and equipment, net	252		252		251
Energy Segment
Leases [Line Items]
Operating lease right-of-use asset	35		35		37
Operating lease liability	$ 35		$ 35		$ 37
Lessee term	3 years 10 months 24 days		3 years 10 months 24 days		4 years 1 month 6 days
Operating Lease, Weighted Average Discount Rate, Percent	5.10%		5.10%		5.40%
Property, plant and equipment, net	$ 2,696		$ 2,696		$ 2,735
Automotive Segment
Leases [Line Items]
Operating lease right-of-use asset	330		330		369
Operating lease liability	$ 340		$ 340		$ 385
Lessee term	4 years 6 months		4 years 6 months		4 years 10 months 24 days
Operating Lease, Weighted Average Discount Rate, Percent	5.70%		5.70%		5.80%
Operating Lease, Expense			$ 121	127
Operating Lease, Lease Income	$ 13	$ 3	35	$ 5
Property, plant and equipment, net	819		819		$ 786
Food Packaging Segment
Leases [Line Items]
Operating lease right-of-use asset	24		24		28
Operating lease liability	$ 27		$ 27		$ 31
Lessee term	10 years 3 months 18 days		10 years 3 months 18 days		10 years 6 months
Operating Lease, Weighted Average Discount Rate, Percent	7.40%		7.40%		7.40%
Property, plant and equipment, net	$ 133		$ 133		$ 147
Other Segments and Holding Company
Leases [Line Items]
Operating lease right-of-use asset	27		27		33
Operating lease liability	$ 22		$ 22		$ 26

Debt (Details)

Debt (Details) - USD ($) $ in Millions	Sep. 30, 2022	Feb. 28, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Debt	$ 7,127		$ 7,692
Holding Company
Debt Instrument [Line Items]
Debt	5,310		5,810
Energy Segment
Debt Instrument [Line Items]
Debt	1,593		1,660
Automotive Segment
Debt Instrument [Line Items]
Debt	15		26
Food Packaging Segment
Debt Instrument [Line Items]
Debt	163		155
Real Estate Segment
Debt Instrument [Line Items]
Debt	1		1
Home Fashion Segment
Debt Instrument [Line Items]
Debt	45		40
Reporting Segments
Debt Instrument [Line Items]
Debt	1,817		1,882
6.750% senior unsecured notes due 2024 \| Holding Company
Debt Instrument [Line Items]
Debt	$ 0		$ 499
Interest rate on debt instrument	6.75%	6.75%	6.75%
4.750% senior unsecured note due 2024 \| Holding Company
Debt Instrument [Line Items]
Debt	$ 1,104		$ 1,105
Interest rate on debt instrument	4.75%		4.75%
6.375% senior unsecured notes due 2025 \| Holding Company
Debt Instrument [Line Items]
Debt	$ 749		$ 748
Interest rate on debt instrument	6.375%		6.375%
6.250% senior unsecured notes due 2026 \| Holding Company
Debt Instrument [Line Items]
Debt	$ 1,250		$ 1,250
Interest rate on debt instrument	6.25%		6.25%
5.250% senior unsecured note due 2027 \| Holding Company
Debt Instrument [Line Items]
Debt	$ 1,460		$ 1,461
Interest rate on debt instrument	5.25%		5.25%
4.375% senior unsecured note due 2029 \| Holding Company
Debt Instrument [Line Items]
Debt	$ 747		$ 747
Interest rate on debt instrument	4.375%

Debt - Holding Company Debt (De

Debt - Holding Company Debt (Details) - USD ($) $ in Millions	1 Months Ended
	Feb. 28, 2022	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Gain (loss) on extinguishment of debt	$ (1)
Holding Company
Debt Instrument [Line Items]
Gain (loss) on extinguishment of debt	(1)
Holding Company \| 6.750% senior unsecured notes due 2024
Debt Instrument [Line Items]
Debt face amount	$ 500
Interest rate on debt instrument	6.75%	6.75%	6.75%
Holding Company \| 4.750% senior unsecured note due 2024
Debt Instrument [Line Items]
Interest rate on debt instrument		4.75%	4.75%
Holding Company \| 6.375% senior unsecured notes due 2025
Debt Instrument [Line Items]
Interest rate on debt instrument		6.375%	6.375%
Holding Company \| 6.250% senior unsecured notes due 2026
Debt Instrument [Line Items]
Interest rate on debt instrument		6.25%	6.25%
Holding Company \| 5.250% senior unsecured note due 2027
Debt Instrument [Line Items]
Interest rate on debt instrument		5.25%	5.25%

Debt - Reporting Segment Debt (

Debt - Reporting Segment Debt (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Feb. 28, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Gain (loss) on extinguishment of debt	$ (1)
Amortization of deferred financing costs and debt discounts and premiums			$ 3	$ 2	$ 4
Maximum
Debt Instrument [Line Items]
Amortization of deferred financing costs and debt discounts and premiums		$ 1
9.25% senior secured notes due 2023
Debt Instrument [Line Items]
Debt face amount	$ 65
Interest rate on debt instrument	9.25%
Energy Segment \| Revolving credit facility
Debt Instrument [Line Items]
Borrowing availability on credit facilities		282		282			$ 396
Line of credit facility maximum borrowing capacity						$ 275
Incremental borrowing capacity						125
Energy Segment \| Swingline Loan
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity						30
Energy Segment \| Letter of credit
Debt Instrument [Line Items]
Letters of credit outstanding						60
Energy Segment \| Letter of credit \| Maximum
Debt Instrument [Line Items]
Letters of credit outstanding						$ 100
Energy Segment \| CVR Refining credit facility
Debt Instrument [Line Items]
Letters of credit outstanding		$ 28		$ 28			$ 39

Net Income (Loss) Per LP Unit_2

Net Income (Loss) Per LP Unit (Details) - USD ($) $ / shares in Units, $ in Millions				3 Months Ended		9 Months Ended
	Aug. 03, 2022	May 06, 2022	Feb. 23, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per LP Unit [Line Items]
Net Income (Loss) Attributable to Parent				$ (123)	$ (148)	$ 72	$ (122)
Net Income (Loss) Allocated to Limited Partners				$ (121)	$ (145)	$ 71	$ (120)
Basic (loss) income per LP unit				$ (0.37)	$ (0.55)	$ 0.23	$ (0.47)
Basic weighted average LP units outstanding				324,000,000	266,000,000	308,000,000	253,000,000
Diluted (loss) income per LP unit				$ (0.37)	$ (0.55)	$ 0.23	$ (0.47)
Diluted weighted average LP units outstanding				324,000,000	266,000,000	308,000,000	253,000,000
Aggregate cash distributions to depositary unit holders						$ 158
Partners' Capital Account, Units, Sale of Units				3,130,267		10,677,046
Proceeds from Sale of Interest in Partnership Unit				$ 163		$ 557
Potential aggregate sales proceeds from equity offering						$ 128
Incentive Plan 2017 [Member]
Earnings Per LP Unit [Line Items]
Units distributed to LP unitholders						29,342
Limited partners
Earnings Per LP Unit [Line Items]
Distribution declared per LP unit	$ 2	$ 2	$ 2
Units distributed to LP unitholders						33,364,320
Mr. Icahn and affiliates
Earnings Per LP Unit [Line Items]
Units distributed to LP unitholders						31,508,966
Icahn Enterprises Holdings LP
Earnings Per LP Unit [Line Items]
Affiliate ownership interest						98.01%

Segment Reporting - Condensed S

Segment Reporting - Condensed Statements of Operations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	$ 3,334	$ 2,657	$ 10,098	$ 7,487
Other revenues from operations	197	168	562	486
Net (loss) gain from investment activities	(187)	(177)	310	1,035
Interest and dividend income	88	34	180	94
Gain (loss) on disposition of assets, net			3
Other (loss) income, net	(28)	(33)	(150)	(79)
Total revenues	3,404	2,649	11,000	9,023
Cost of goods sold	3,026	2,270	8,738	6,812
Other expenses from operations	156	134	441	381
Selling, general and administrative	305	316	921	930
Restructuring, net		1		6
Interest expense	139	158	424	511
Total Expenses	3,626	2,879	10,524	8,640
(Loss) income before income tax benefit (expense)	(222)	(230)	476	383
Income tax (expense) benefit	7	19	(93)	(57)
Net (loss) income	(215)	(211)	383	326
Less: net income (loss) attributable to non-controlling interests	(92)	(63)	311	448
Net (loss) income attributable to Icahn Enterprises	(123)	(148)	72	(122)
Capital expenditures	100	81	254	239
Depreciation and amortization	131	126	380	385
Investment Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales			0	0
Other revenues from operations			0	0
Net (loss) gain from investment activities	(187)	(148)	262	966
Interest and dividend income	76	33	163	90
Other (loss) income, net	(26)	(16)	(61)	(55)
Total revenues	(137)	(131)	364	1,001
Cost of goods sold			0	0
Other expenses from operations			0	0
Selling, general and administrative	2	3	16	11
Restructuring, net				0
Interest expense	42	53	127	170
Total Expenses	44	56	143	181
(Loss) income before income tax benefit (expense)	(181)	(187)	221	820
Income tax (expense) benefit			0	0
Net (loss) income	(181)	(187)	221	820
Less: net income (loss) attributable to non-controlling interests	(100)	(103)	106	445
Net (loss) income attributable to Icahn Enterprises	(81)	(84)	115	375
Capital expenditures			0	0
Depreciation and amortization			0	0
Energy Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	2,699	1,883	8,216	5,129
Other revenues from operations			0	0
Net (loss) gain from investment activities		(1)	0	82
Interest and dividend income	3		4	0
Other (loss) income, net	2	1	(83)	1
Total revenues	2,704	1,883	8,137	5,212
Cost of goods sold	2,569	1,686	7,407	5,022
Other expenses from operations			0	0
Selling, general and administrative	42	37	130	106
Restructuring, net				0
Interest expense	22	23	70	84
Total Expenses	2,633	1,746	7,607	5,212
(Loss) income before income tax benefit (expense)	71	137	530	0
Income tax (expense) benefit	(3)	(43)	(94)	13
Net (loss) income	68	94	436	13
Less: net income (loss) attributable to non-controlling interests	8	40	205	3
Net (loss) income attributable to Icahn Enterprises	60	54	231	10
Capital expenditures	57	62	145	188
Depreciation and amortization	92	83	264	253
Automotive Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	448	440	1,293	1,377
Other revenues from operations	177	154	516	454
Net (loss) gain from investment activities			0	0
Interest and dividend income			0	0
Other (loss) income, net	2	(17)	4	(20)
Total revenues	627	577	1,813	1,811
Cost of goods sold	303	301	858	964
Other expenses from operations	140	121	400	352
Selling, general and administrative	213	225	640	661
Restructuring, net		1		6
Interest expense		1	1	7
Total Expenses	656	649	1,899	1,990
(Loss) income before income tax benefit (expense)	(29)	(72)	(86)	(179)
Income tax (expense) benefit	8	17	22	40
Net (loss) income	(21)	(55)	(64)	(139)
Less: net income (loss) attributable to non-controlling interests			0	0
Net (loss) income attributable to Icahn Enterprises	(21)	(55)	(64)	(139)
Capital expenditures	36	13	87	33
Depreciation and amortization	20	22	60	66
Food Packaging Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	111	104	322	311
Other revenues from operations			0	0
Net (loss) gain from investment activities			0	0
Interest and dividend income			0	0
Other (loss) income, net	(6)	(1)	(11)	(9)
Total revenues	105	103	311	302
Cost of goods sold	92	85	263	253
Other expenses from operations			0	0
Selling, general and administrative	14	13	40	37
Restructuring, net				0
Interest expense	2	2	5	5
Total Expenses	108	100	308	295
(Loss) income before income tax benefit (expense)	(3)	3	3	7
Income tax (expense) benefit		(2)	(3)	(5)
Net (loss) income	(3)	1	0	2
Less: net income (loss) attributable to non-controlling interests			0	0
Net (loss) income attributable to Icahn Enterprises	(3)	1	0	2
Capital expenditures	4	3	13	9
Depreciation and amortization	6	7	20	21
Real Estate Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	14	17	48	45
Other revenues from operations	19	13	43	29
Net (loss) gain from investment activities			0	0
Interest and dividend income			0	0
Other (loss) income, net			0	0
Total revenues	33	30	91	74
Cost of goods sold	9	12	31	34
Other expenses from operations	16	13	41	29
Selling, general and administrative	4	5	11	16
Restructuring, net				0
Interest expense			0	0
Total Expenses	29	30	83	79
(Loss) income before income tax benefit (expense)	4		8	(5)
Income tax (expense) benefit			0	0
Net (loss) income	4		8	(5)
Less: net income (loss) attributable to non-controlling interests			0	0
Net (loss) income attributable to Icahn Enterprises	4		8	(5)
Capital expenditures	1	1	7	5
Depreciation and amortization	3	2	9	7
Home Fashion Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	49	51	173	143
Other revenues from operations			0	0
Net (loss) gain from investment activities			0	0
Interest and dividend income			0	0
Other (loss) income, net	1		1	0
Total revenues	50	51	174	143
Cost of goods sold	42	42	144	117
Other expenses from operations			0
Selling, general and administrative	15	12	37	34
Restructuring, net				0
Interest expense	1		2	1
Total Expenses	58	54	183	152
(Loss) income before income tax benefit (expense)	(8)	(3)	(9)	(9)
Income tax (expense) benefit	(1)		(1)	0
Net (loss) income	(9)	(3)	(10)	(9)
Less: net income (loss) attributable to non-controlling interests			0	0
Net (loss) income attributable to Icahn Enterprises	(9)	(3)	(10)	(9)
Capital expenditures	2	1	2	2
Depreciation and amortization	2	1	5	5
Pharma Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	13	18	46	65
Other revenues from operations	1	1	3	3
Net (loss) gain from investment activities			0	0
Interest and dividend income			0	0
Other (loss) income, net			1	0
Total revenues	14	19	50	68
Cost of goods sold	11	12	35	38
Other expenses from operations			0	0
Selling, general and administrative	10	12	30	29
Restructuring, net				0
Interest expense			0	0
Total Expenses	21	24	65	67
(Loss) income before income tax benefit (expense)	(7)	(5)	(15)	1
Income tax (expense) benefit			0	0
Net (loss) income	(7)	(5)	(15)	1
Less: net income (loss) attributable to non-controlling interests			0	0
Net (loss) income attributable to Icahn Enterprises	(7)	(5)	(15)	1
Capital expenditures			0	0
Depreciation and amortization	7	7	21	21
Metals Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales		144	0	417
Other revenues from operations			0	0
Net (loss) gain from investment activities			0	0
Interest and dividend income			0	0
Other (loss) income, net			0	1
Total revenues		144	0	418
Cost of goods sold		132	0	384
Other expenses from operations			0	0
Selling, general and administrative		5	0	14
Restructuring, net				0
Interest expense			0	1
Total Expenses		137	0	399
(Loss) income before income tax benefit (expense)		7	0	19
Income tax (expense) benefit			0	0
Net (loss) income		7	0	19
Less: net income (loss) attributable to non-controlling interests			0	0
Net (loss) income attributable to Icahn Enterprises		7	0	19
Capital expenditures		1	0	2
Depreciation and amortization		3	0	11
Holding Company
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales			0	0
Other revenues from operations			0	0
Net (loss) gain from investment activities		(28)	48	(13)
Interest and dividend income	9	1	13	4
Other (loss) income, net	(1)		(1)	3
Total revenues	8	(27)	60	(6)
Cost of goods sold			0	0
Other expenses from operations			0	0
Selling, general and administrative	5	4	17	22
Restructuring, net				0
Interest expense	72	79	219	243
Total Expenses	77	83	236	265
(Loss) income before income tax benefit (expense)	(69)	(110)	(176)	(271)
Income tax (expense) benefit	3	47	(17)	(105)
Net (loss) income	(66)	(63)	(193)	(376)
Less: net income (loss) attributable to non-controlling interests			0	0
Net (loss) income attributable to Icahn Enterprises	(66)	(63)	(193)	(376)
Capital expenditures			0	0
Depreciation and amortization	$ 1	$ 1	$ 1	$ 1

Segment Reporting - Disaggregat

Segment Reporting - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Energy Segment
Disaggregation of Revenue [Line Items]
Disaggregated revenue	$ 2,699	$ 1,883	$ 8,216	$ 5,129
Automotive Segment
Disaggregation of Revenue [Line Items]
Disaggregated revenue	612	591	1,774	1,826
Petroleum products \| Energy Segment
Disaggregation of Revenue [Line Items]
Disaggregated revenue	2,543	1,738	7,593	4,785
Nitrogen fertilizer products \| Energy Segment
Disaggregation of Revenue [Line Items]
Disaggregated revenue	156	145	623	344
Automotive services \| Automotive Segment
Disaggregation of Revenue [Line Items]
Disaggregated revenue	410	355	1,156	1,024
Aftermarket parts sales
Disaggregation of Revenue [Line Items]
Disaggregated revenue	$ 202	$ 236	$ 618	$ 802

Segment Reporting - Condensed B

Segment Reporting - Condensed Balance Sheets (Details) - USD ($) $ in Millions	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	$ 2,432			$ 2,321
Cash held at consolidated affiliated partnerships and restricted cash	4,778			2,115
Investments	4,877			9,151
Accounts receivable, net	610			546
Inventories, net	1,674			1,478
Property, plant and equipment, net	4,057			4,085
Goodwill and intangible assets, net	833			885
Other assets	8,259			7,165
Total Assets	27,520			27,746
Accounts payable, accrued expenses and other liabilities	5,144			5,371
Securities sold, not yet purchased, at fair value	5,382			5,340
Debt	7,127			7,692
Total liabilities	17,653			18,403
Equity attributable to Icahn Enterprises	4,003			3,544
Equity attributable to non-controlling interests	5,864			5,799
Total equity	9,867	$ 10,158	$ 9,758	9,343	$ 10,007	$ 10,025	$ 9,582	$ 9,258
Total Liabilities and Equity	27,520			27,746
Investment Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	21			19
Cash held at consolidated affiliated partnerships and restricted cash	4,684			2,008
Investments	4,786			8,952
Other assets	7,271			6,156
Total Assets	16,762			17,135
Accounts payable, accrued expenses and other liabilities	1,785			2,405
Securities sold, not yet purchased, at fair value	5,382			5,340
Total liabilities	7,167			7,745
Equity attributable to Icahn Enterprises	4,387			4,271
Equity attributable to non-controlling interests	5,208			5,119
Total equity	9,595			9,390
Total Liabilities and Equity	16,762			17,135
Energy Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	618			510
Cash held at consolidated affiliated partnerships and restricted cash	7			7
Investments	77			79
Accounts receivable, net	320			299
Inventories, net	632			484
Property, plant and equipment, net	2,696			2,735
Goodwill and intangible assets, net	205			221
Other assets	284			252
Total Assets	4,839			4,587
Accounts payable, accrued expenses and other liabilities	1,933			1,579
Debt	1,593			1,660
Total liabilities	3,526			3,239
Equity attributable to Icahn Enterprises	674			686
Equity attributable to non-controlling interests	639			662
Total equity	1,313			1,348
Total Liabilities and Equity	4,839			4,587
Automotive Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	61			28
Cash held at consolidated affiliated partnerships and restricted cash	10			17
Accounts receivable, net	143			103
Inventories, net	812			780
Property, plant and equipment, net	819			786
Goodwill and intangible assets, net	354			362
Other assets	461			506
Total Assets	2,660			2,582
Accounts payable, accrued expenses and other liabilities	1,012			981
Debt	15			26
Total liabilities	1,027			1,007
Equity attributable to Icahn Enterprises	1,633			1,575
Total equity	1,633			1,575
Total Liabilities and Equity	2,660			2,582
Food Packaging Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	12			10
Accounts receivable, net	84			82
Inventories, net	101			93
Property, plant and equipment, net	133			147
Goodwill and intangible assets, net	24			27
Other assets	94			99
Total Assets	448			458
Accounts payable, accrued expenses and other liabilities	138			146
Debt	163			155
Total liabilities	301			301
Equity attributable to Icahn Enterprises	134			143
Equity attributable to non-controlling interests	13			14
Total equity	147			157
Total Liabilities and Equity	448			458
Real Estate Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	26			30
Cash held at consolidated affiliated partnerships and restricted cash	10			11
Investments	14			15
Accounts receivable, net	13			10
Property, plant and equipment, net	347			351
Other assets	105			109
Total Assets	515			526
Accounts payable, accrued expenses and other liabilities	52			49
Debt	1			1
Total liabilities	53			50
Equity attributable to Icahn Enterprises	458			472
Equity attributable to non-controlling interests	4			4
Total equity	462			476
Total Liabilities and Equity	515			526
Home Fashion Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	3			3
Cash held at consolidated affiliated partnerships and restricted cash	1
Accounts receivable, net	30			32
Inventories, net	106			106
Property, plant and equipment, net	57			60
Goodwill and intangible assets, net	17			21
Other assets	17			21
Total Assets	231			243
Accounts payable, accrued expenses and other liabilities	60			71
Debt	45			40
Total liabilities	105			111
Equity attributable to Icahn Enterprises	126			132
Total equity	126			132
Total Liabilities and Equity	231			243
Pharma Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	20			14
Accounts receivable, net	20			20
Inventories, net	23			15
Goodwill and intangible assets, net	233			254
Other assets	5			6
Total Assets	301			309
Accounts payable, accrued expenses and other liabilities	56			50
Total liabilities	56			50
Equity attributable to Icahn Enterprises	245			259
Total equity	245			259
Total Liabilities and Equity	301			309
Holding Company
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	1,671			1,707
Cash held at consolidated affiliated partnerships and restricted cash	66			72
Investments				105
Property, plant and equipment, net	5			6
Other assets	22			16
Total Assets	1,764			1,906
Accounts payable, accrued expenses and other liabilities	108			90
Debt	5,310			5,810
Total liabilities	5,418			5,900
Equity attributable to Icahn Enterprises	(3,654)			(3,994)
Total equity	(3,654)			(3,994)
Total Liabilities and Equity	$ 1,764			$ 1,906

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income tax expense	$ (7)	$ (19)	$ 93	$ 57
Income before income tax benefit (expense)	$ (222)	$ (230)	$ 476	$ 383
Effective income tax rate	3.20%	8.30%	19.50%	14.90%
Statutory federal income tax rate	21%	21%	21%	21%

Changes in Accumulated Other _3

Changes in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended					9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Changes in Accumulated Other Comprehensive Loss [Abstract]
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax, Beginning Balance						$ (38)
Accumulated Other Comprehensive Income (Loss), Defined Benefit Plan, Net of Tax, Beginning Balance						36
Accumulated Other Comprehensive Loss, Beginning Balance						(74)
Other comprehensive income (loss), foreign currency translation adjustments, before reclassification adjustment, after of tax						(13)
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, after Tax						1
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax						(12)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Total	$ (6)		$ (5)			(13)	$ (4)
Post-employment benefits	1					1	1
Other comprehensive loss, net of tax	(5)	$ (7)	$ (5)	$ 3	$ (1)	(12)	$ (3)
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax, Ending Balance	(51)					(51)
Accumulated Other Comprehensive Income (Loss), Defined Benefit Plan, Net of Tax, Ending Balance	35					35
Accumulated Other Comprehensive Loss, Ending Balance	$ (86)					$ (86)

Other (Loss) Income, Net (Detai

Other (Loss) Income, Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Other (Loss) Income, Net (Details) - USD ($) $ in Millions	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Component of Other Income (Loss), Net [Line Items]
Other loss, net	$ (28)	$ (33)	$ (150)	$ (79)
Dividend expense
Component of Other Income (Loss), Net [Line Items]
Other loss, net	(26)	(16)	(61)	(55)
Equity earnings from non-consolidated affiliates
Component of Other Income (Loss), Net [Line Items]
Other loss, net	2	6	7	9
(Loss) gain on disposition of assets, net
Component of Other Income (Loss), Net [Line Items]
Other loss, net	1	(21)	3	(24)
Foreign currency transaction loss
Component of Other Income (Loss), Net [Line Items]
Other loss, net	(6)	$ (2)	(11)	(9)
Legal settlement loss
Component of Other Income (Loss), Net [Line Items]
Other loss, net			(88)
(Loss) on extinguishment of debt, net
Component of Other Income (Loss), Net [Line Items]
Other loss, net			(1)	(5)
Other
Component of Other Income (Loss), Net [Line Items]
Other loss, net	$ 1		$ 1	$ 5

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
	Jan. 27, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2020	Dec. 31, 2021
Starfire Holding Corporation
Loss Contingencies [Line Items]
Ownership percentage by principal owner		99.60%		99.60%
Pension funding indemnity agreement with subsidiary		$ 250		$ 250
ACF
Loss Contingencies [Line Items]
Funded status of related party pension plan		44		$ 44
Mr. Icahn and affiliates \| Icahn Enterprises G.P.
Loss Contingencies [Line Items]
Affiliate ownership in parent company general partner				100%
Mr. Icahn and affiliates \| Icahn Enterprises Holdings
Loss Contingencies [Line Items]
Affiliate ownership interest				86%
Energy Segment
Loss Contingencies [Line Items]
Environmental loss contingency accrual		23		$ 23		$ 12
Amount of quantifying alleged damages				6.8
Price of RINs		86	$ 16	328	$ 335
RFS position		715		715		494
Insurance policies coverage limits	$ 50
Energy Segment \| Call option lawsuits
Loss Contingencies [Line Items]
Litigation settlement paid				79
Accrued expenses and other liabilities
Loss Contingencies [Line Items]
Environmental loss contingency accrual		$ 24		24		$ 13
Accrued expenses and other liabilities \| Energy Segment \| Call option lawsuits
Loss Contingencies [Line Items]
Litigation settlement paid				$ 79

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Supplemental Cash Flow Information [Abstract]
Cash payments for interest, net of amounts capitalized	$ (303)	$ (358)
Cash payments receipts for income taxes, net of payments	(139)	(34)
Non-cash dividends to non-controlling interests in subsidiary		(74)
Partnership contributions receivable	2	24
Non-cash Investment segment contributions from non-controlling interests	$ 3	$ 6

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent event	Nov. 02, 2022 item $ / shares
Subsequent Event [Line Items]
Distribution declared per LP unit \| $ / shares	$ 2
Threshold number of specified trading days \| item	5