Icahn Enterprises (IEP) 10-Q 10 May 23 2023 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2023	May 09, 2023
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	1-9516
Entity Registrant Name	ICAHN ENTERPRISES L.P.
Entity Address, Address Line One	16690 Collins Avenue
Entity Address, Address Line Two	PH-1
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
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-3398766
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		369,197,424
Entity Central Index Key	0000813762
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 2,608	$ 2,337
Cash held at consolidated affiliated partnerships and restricted cash	2,481	2,549
Investments	6,637	6,809
Due from brokers	6,314	7,044
Accounts receivable, net	527	606
Related party notes receivable, net	207
Inventories, net	1,097	1,531
Property, plant and equipment, net	3,986	4,038
Derivative assets, net	363	812
Goodwill	288	288
Intangible assets, net	517	533
Other assets	1,244	1,367
Total Assets	26,269	27,914
LIABILITIES AND EQUITY
Accounts payable	774	870
Accrued expenses and other liabilities	2,646	1,981
Deferred tax liabilities	336	338
Derivative liabilities, net	608	691
Securities sold, not yet purchased, at fair value	5,654	6,495
Due to brokers	664	885
Debt	7,091	7,096
Total liabilities	17,773	18,356
Commitments and contingencies (Note 17)
Equity:
Limited partners: Depositary units: 356,967,535 units issued and outstanding at March 31, 2023 and 353,572,182 units issued and outstanding at December 31, 2022	3,854	4,647
General partner	(763)	(747)
Equity attributable to Icahn Enterprises	3,091	3,900
Equity attributable to non-controlling interests	5,405	5,658
Total equity	8,496	9,558
Total Liabilities and Equity	$ 26,269	$ 27,914

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parentheticals) - shares	Mar. 31, 2023	Dec. 31, 2022
Equity:
Limited partners: Depositary units issued	356,967,535	353,572,182
Limited partners: Depositary units outstanding	356,967,535	353,572,182

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenues:
Net sales	$ 2,758	$ 2,968
Other revenues from operations	187	168
Net (loss) gain from investment activities	(443)	939
Interest and dividend income	171	42
Other loss, net	(32)	(24)
Total revenues	2,641	4,093
Expenses:
Cost of goods sold	2,260	2,538
Other expenses from operations	158	137
Selling, general and administrative	229	301
Loss on deconsolidation of subsidiary	226
Interest expense	142	134
Total Expenses	3,015	3,110
(Loss) income before income tax benefit (expense)	(374)	983
Income tax benefit (expense)	16	(98)
Net (loss) income	(358)	885
Less: net (loss) income attributable to non-controlling interests	(88)	562
Net (loss) income attributable to Icahn Enterprises	(270)	323
Net (loss) income attributable to Icahn Enterprises allocated to:
Limited partners	(265)	317
General partner	(5)	6
Net (loss) income attributable to Icahn Enterprises	$ (270)	$ 323
Basic (loss) income per LP unit:
Basic (loss) income per LP unit	$ (0.75)	$ 1.08
Basic weighted average LP units outstanding	354	294
Diluted (loss) income per LP unit:
Diluted (loss) income per LP unit	$ (0.75)	$ 1.06
Diluted weighted average LP units outstanding	354	299
Distributions declared per LP unit	$ 2	$ 2

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (UNAUDITED) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (UNAUDITED)
Net (loss) income	$ (358)	$ 885
Other comprehensive income, net of tax:
Translation adjustments	4
Post-retirement benefits and other
Other comprehensive income, net of tax	4
Comprehensive (loss) income	(354)	885
Less: Comprehensive (loss) income attributable to non-controlling interests	(88)	562
Comprehensive (loss) income attributable to Icahn Enterprises	(266)	323
Comprehensive (loss) income attributable to Icahn Enterprises allocated to:
Limited partners	(261)	317
General partner	(5)	6
Comprehensive (loss) income attributable to Icahn Enterprises	$ (266)	$ 323

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, 2021	$ (754)	$ 4,298	$ 3,544	$ 5,799	$ 9,343
Increase (Decrease) in Equity
Net (loss) income	6	317	323	562	885
Partnership contributions	4	180	184		184
Partnership distributions	(12)	(591)	(603)		(603)
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, 2022	(747)	4,647	3,900	5,658	9,558
Increase (Decrease) in Equity
Net (loss) income	(5)	(265)	(270)	(88)	(358)
Other comprehensive income		4	4		4
Partnership contributions	4	175	179		179
Partnership distributions	(15)	(709)	(724)		(724)
Investment segment distributions to non-controlling interests				(80)	(80)
Dividends and distributions to non-controlling interests in subsidiaries				(85)	(85)
Changes in subsidiary equity and other		2	2		2
Total equity at Mar. 31, 2023	$ (763)	$ 3,854	$ 3,091	$ 5,405	$ 8,496

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net (loss) income	$ (358)	$ 885
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Net gain (loss) from securities transactions	196	(1,133)
Purchases of securities	(380)	(20)
Proceeds from sales of securities	565	3,330
Payments to cover securities sold, not yet purchased	(1,228)	(1,913)
Proceeds from securities sold, not yet purchased	205	816
Changes in receivables and payables relating to securities transactions	655	(416)
Changes in derivative assets and liabilities	366	85
Depreciation and amortization	122	122
Loss on deconsolidation of subsidiary	226
Deferred taxes	(60)	57
Other, net	(19)	26
Changes in other operating assets and liabilities	(43)	81
Net cash provided by operating activities	247	1,920
Cash flows from investing activities:
Capital expenditures	(58)	(55)
Turnaround expenditures	(8)	(15)
Proceeds from sale of investments		107
Other, net	21	1
Net cash (used in) provided by investing activities	(45)	38
Cash flows from financing activities:
Investment segment contributions from non-controlling interests		2
Investment segment distributions to non-controlling interests	(82)
Partnership contributions	173	178
Partnership distributions		(1)
Dividends and distributions to non-controlling interests in subsidiaries	(85)	(36)
Repayments of Holding Company senior unsecured notes		(500)
Proceeds from subsidiary borrowings	16	32
Repayments of subsidiary borrowings	(19)	(97)
Other, net	(2)	(13)
Net cash provided by (used in) financing activities	1	(435)
Effect of exchange rate changes on cash and cash equivalents and restricted cash and restricted cash equivalents		2
Net increase in cash and cash equivalents and restricted cash and restricted cash equivalents	203	1,525
Cash and cash equivalents and restricted cash and restricted cash equivalents, beginning of period	4,886	4,436
Cash and cash equivalents and restricted cash and restricted cash equivalents, end of period	$ 5,089	$ 5,961

Description of Business

Description of Business	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023, representing an aggregate 1.99% general partner interest in Icahn Enterprises Holdings and us. Mr. Icahn and his affiliates owned approximately 84% of our outstanding depositary units as of March 31, 2023. 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. 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 13, “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 $4.0 billion and $4.2 billion as of March 31, 2023 and December 31, 2022, 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 marketing businesses as well as in the nitrogen fertilizer manufacturing businesses through its holdings in CVR Partners, LP, a publicly traded limited partnership (“CVR Partners”). CVR Energy 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 holds 100% of the general partner interest in CVR Partners. In addition, CVR Energy owns approximately 37% of the outstanding common units of CVR Partners as of March 31, 2023. As of March 31, 2023, we owned approximately 71% of the total outstanding common stock of CVR Energy. On November 21, 2022, CVR Energy’s board of directors authorized its management to explore a potential spin-off of CVR Energy’s interest in the nitrogen fertilizer business into a newly created and separately traded public company. If completed, upon effectiveness of the potential spin-off transaction, current CVR Energy stockholders would own shares of both CVR Energy, holding the refinery and renewables businesses, and a holding company, holding CVR Energy’s current ownership of the general partner interest in, and approximately 37% of the common units (representing limited partner interests) of, CVR Partners. The potential spin-off would be intended to be structured as a tax-free, pro-rata distribution to all of CVR Energy’s stockholders, including Icahn Enterprises, as of a record date to be determined by CVR Energy’s board of directors. Completion of any potential spin-off will be subject to various conditions, including final approval of CVR Energy’s board of directors, and there can be no assurance that the potential spin-off will be completed in the manner described above, or at all. Automotive We conduct our Automotive segment through our wholly owned subsidiary, Icahn Automotive Group LLC (“Icahn Automotive”). Icahn Automotive is engaged in providing a full range of automotive repair and maintenance services (“automotive services”) to its customers as well as a retail business which consists of sales of automotive aftermarket parts and retailed merchandise (“aftermarket parts”). On January 31, 2023, a subsidiary of Icahn Automotive, IEH Auto Parts Holding LLC and its subsidiaries (“Auto Plus”), an aftermarket parts distributor held within our Automotive segment, filed voluntary petitions in the United States Bankruptcy Court. As a result of Auto Plus’s filings for bankruptcy protections on January 31, 2023, we no longer controlled the operations of Auto Plus, therefore, we deconsolidated Auto Plus as of January 31, 2023. See Note 3, “Subsidiary Bankruptcy and Deconsolidation”, for a detailed discussion of the Auto Plus bankruptcy and deconsolidation. 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 March 31, 2023, we owned approximately 90% 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. ​ ​

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2023
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, 2022. 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. For entities over which the Company does not have significant influence, the Company accounts for its equity investment at fair value, except for the Company’s equity interest in Auto Plus. 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 such 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. Reclassifications Certain reclassifications from the prior year presentation have been made to conform to the current year presentation, which did not have an impact on previously reported net income and equity and are not deemed material. 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 5, “Investments,” and Note 6, “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 March 31, 2023 was approximately $7.1 billion and $6.5 billion, respectively. The carrying value and estimated fair value of our long-term debt as of December 31, 2022 was approximately $7.1 billion and $6.6 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 $568 million and $1,019 million as of March 31, 2023 and December 31, 2022, 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 $1,913 million and $1,530 million as of March 31, 2023 and December 31, 2022, 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 and Automotive 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 10, “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 13, “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. In the three months ended March 31, 2023, our Energy segment recorded deferred revenue of $46 million related to certain tax credits available under Section 45Q of the Internal Revenue Code (the “45Q Transaction”). Our Energy segment had deferred revenue of $83 million and $48 million as of March 31, 2023 and December 31, 2022, respectively. For the three months ended March 31, 2023 and 2022, our Energy segment recorded revenue of $12 million and $17 million, respectively, with respect to deferred revenue outstanding as of the beginning of each respective period. As of March 31, 2023, our Energy segment had $3 million of remaining performance obligations for contracts with an original expected duration of more than one year. Our Energy segment expects to recognize a majority of these performance obligations as revenue by the end of 2023 and the remaining nominal balance in 2024. Automotive Our Automotive segment had deferred revenue with respect to extended warranty plans of $44 million at each of March 31, 2023 and December 31, 2022, respectively, which are included in accrued expenses and other liabilities on the condensed consolidated balance sheets. For the three months ended March 31, 2023 and 2022, our Automotive segment recorded deferred revenue of $6 million and $6 million, respectively, outstanding as of the beginning of each period. Adoption of New 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 September 2022, the FASB issued ASU 2022-04, Liabilities- Supplier Finance Programs (Subtopic 405-50) Disclosure of Supplier Finance Program Obligations Recently Issued Accounting Standards In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions, and, therefore, is not considered in measuring the fair value. The guidance also clarifies that an entity cannot, as a separate unit of account, recognize and measure a contractual sale restriction. The amendment requires the following disclosures for equity securities subject to contractual sale restrictions: the fair value of equity securities subject to contractual sale restrictions; the nature and remaining duration of the restriction(s); and the circumstances that could cause a lapse in the restriction(s). The amended guidance is effective January 1, 2024 on a prospective basis. Early adoption is permitted. We are currently assessing the impact of adopting this new accounting standard on our condensed consolidated financial statements.

Subsidiary Bankruptcy and Decon

Subsidiary Bankruptcy and Deconsolidation	3 Months Ended
	Mar. 31, 2023
Subsidiary Bankruptcy and Deconsolidation [Abstract]
Subsidiary Bankruptcy and Deconsolidation	3. Subsidiary Bankruptcy and Deconsolidation ​ On January 31, 2023, a subsidiary of Icahn Automotive, IEH Auto Parts Holding LLC and its subsidiaries, (collectively, “Auto Plus”), an aftermarket parts distributor held within our Automotive segment, filed voluntary petitions (the “Chapter 11 Cases”) in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”) seeking relief under Chapter 11 of Title 11 of the United States Code. In the course of the Chapter 11 Cases, Auto Plus will seek to sell substantially all of its assets pursuant to Section 363 of the Bankruptcy Code, with the proceeds of such sale used to satisfy obligations to its creditors, and to settle or discharge all of its obligations, in each case subject to approval by the Bankruptcy Court. Auto Plus has agreed to a global settlement in the Chapter 11 Cases with its non-Auto Plus affiliates and the Official Committee of Unsecured Creditors appointed in the Chapter 11 Cases (the "Committee”) that provides for a guaranteed recovery to unsecured creditors, the payment of all administrative and priority claims in the Chapter 11 Cases, and the resolution of all disputes between Auto Plus, its non-Auto Plus affiliates, and the Committee. ​ As a result of the filing of the Chapter 11 Cases, the Company has determined that it no longer controls Auto Plus under the criteria set out in Statement of Financial Accounting Standards (“FASB”) ASC Topic 810, “Consolidation” and has deconsolidated its investment effective January 31, 2023. In order to deconsolidate Auto Plus, we removed the carrying values of the assets and liabilities of Auto Plus as of January 31, 2023, and we recorded our investment in Auto Plus at its estimated fair value of $0 resulting in a non-cash charge of $226 million recorded in the three months ended March 31, 2023, related to the deconsolidation of Auto Plus, net of a $188 million note receivable. Subsequent to deconsolidation, we no longer had the ability to exercise significant influence over Auto Plus and concluded the retained equity investment should be accounted for utilizing FASB ASC Topic 321 “Investments-Equity Securities” (“ASC 321”) measurement alternative, whereby the investment was measured at a fair value of $0 and will continue to be monitored for observable price changes that would indicate a remeasurement of its fair value. ​

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2023
Related Party Transactions
Related Party Transactions	4. 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 March 31, 2023 and December 31, 2022, 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 $4.6 billion and $4.9 billion, respectively, representing approximately 53% and 54% of the Investment Funds’ assets under management as of each respective date. During the three months ended March 31, 2023, Mr. Icahn and his affiliates had redemptions of $80 million from the Investment Funds. There were no redemptions in the three months ending March 31, 2022. 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 March 31, 2023 and 2022, $3 million and $3 million, respectively, was allocated to the Investment Funds based on this expense-sharing arrangement. Auto Plus As discussed in Note 3. Subsidiary Bankruptcy and Deconsolidation, Auto Plus was deconsolidated as of January 31, 2023. Subsequent to January 31, 2023, Auto Plus had certain transactions with entities within our Automotive and Real Estate segments. Agreements and transactions include (i) lease agreements between Auto Plus and entities in the Automotive segment in which Auto Plus is the lessee, (ii) lease agreements between Auto Plus and entities in the Automotive segment in which Auto Plus is the lessor, (iii) auto parts purchases of entities in the Automotive segment from Auto Plus, (iv) auto parts sales from entities within the Automotive segment to Auto Plus, and (v) lease agreements between entities in the Real Estate segment and Auto Plus in which Auto Plus is the lessee. For the two months from the date of deconsolidation of January 31, 2023 through March 31, 2023, the total lease revenues of entities within the Automotive segment from leases with Auto Plus was $2 million. Total inventory purchases of entities within the Automotive segment from Auto Plus were $3 million and total net trade accounts payable due to Auto Plus as of March 31, 2023 was $3 million. For the two months from the date of deconsolidation of January 31, 2023 through March 31, 2023, the total lease revenues of entities within the Real Estate segment from Auto Plus were $2 million. Note Receivable from Auto Plus Upon the deconsolidation of Auto Plus, transactions between the Company and Auto Plus are no longer eliminated in consolidation and are treated as related party transactions. As of March 31, 2023, the Company had a related party note receivable from Auto Plus to the Company of $189 million, which is included in related party notes receivable, net in the condensed consolidated balance sheet. Debtor in Possession (“DIP”) Financing In connection with the Auto Plus bankruptcy filing, we entered into a priming, senior secured, super priority debtor-in-possession credit facility with Auto Plus (the “DIP Credit Facility”) on January 31, 2023, under which (i) we agreed to provide new loans in an aggregate amount of up to $75 million and (ii) subject to final approval of the DIP Credit Facility by the Bankruptcy Court, all the loans under our pre-petition credit facility with Auto Plus will be rolled-up and converted into loans under the DIP Credit Facility. As of March 31, 2023, the Company funded $18 million under the DIP Credit Facility, which is included in related party notes receivable, net in the condensed consolidated balance sheet. 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. Brett Icahn did not make contributions in accordance with the manager agreement in the three months ended March 31, 2023 and 2022, respectively. As of March 31, 2023 and December 31, 2022 Brett Icahn had investments in the Investment Funds with a total fair market value of $49 million and $50 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	3 Months Ended
	Mar. 31, 2023
Investments
Investments	5. 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 7, “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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2023 2022 ​ ​ (in millions) Assets ​ ​ ​ ​ ​ ​ Investments: ​ ​ Equity securities: ​ ​ Communications ​ $ 132 ​ $ 199 Consumer, cyclical ​ 590 ​ 692 Energy ​ 903 ​ 909 Utilities ​ 1,417 ​ 1,205 Healthcare ​ 490 ​ 320 Technology ​ 658 ​ 655 Materials ​ 145 ​ 153 Industrial ​ 26 ​ 486 ​ ​ 4,361 ​ 4,619 Debt Securities: ​ ​ ​ ​ ​ ​ Financials ​ ​ 1,968 ​ ​ 1,958 Real Estate ​ ​ 146 ​ ​ 131 Communications ​ ​ 45 ​ ​ 11 ​ ​ 2,159 ​ 2,100 ​ ​ $ 6,520 ​ $ 6,719 Liabilities ​ ​ Securities sold, not yet purchased, at fair value: ​ ​ Equity securities: ​ ​ Consumer, non-cyclical ​ $ 889 ​ $ 1,006 Consumer, cyclical ​ ​ 288 ​ ​ 352 Energy ​ 2,193 ​ 2,690 Utilities ​ 788 ​ 813 Healthcare ​ 417 ​ 387 Materials ​ 736 ​ 598 Industrial ​ ​ 166 ​ ​ 480 ​ ​ ​ 5,477 ​ ​ 6,326 Debt securities: ​ ​ ​ ​ ​ ​ Materials ​ ​ 177 ​ ​ 169 ​ ​ $ 5,654 ​ $ 6,495 ​ The portion of unrealized (losses) and gains that relates to securities still held by our Investment segment, primarily equity securities, was $(208) million and $403 million for the three months ended March 31, 2023 and 2022, 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2023 2022 ​ ​ (in millions) Equity method investments ​ $ 103 ​ $ 76 Other investments measured at fair value ​ 14 ​ 14 ​ ​ $ 117 ​ $ 90 ​ The portion of unrealized gains and (losses) that relates to equity securities still held by our other segments and Holding Company was zero and $58 million for each of the three months ended March 31, 2023 and 2022, respectively.

Financial Instruments

Financial Instruments	3 Months Ended
	Mar. 31, 2023
Financial Instruments
Financial Instruments	7. 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 their 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 March 31, 2023 and December 31, 2022. The following table summarizes the volume of our Investment segment’s derivative activities based on their notional exposure, categorized by primary underlying risk: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ December 31, 2022 ​ Long Notional Exposure Short Notional Exposure Long Notional Exposure Short Notional Exposure ​ ​ ​ (in millions) Primary underlying risk: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity contracts ​ $ 2,419 ​ $ 5,732 ​ $ 1,816 ​ $ 5,354 Credit contracts (1) ​ — ​ 795 ​ ​ — ​ 945 Commodity contracts ​ — ​ 21 ​ ​ — ​ ​ 22 (1) The short notional amount on our credit default swap positions was approximately $3.2 billion and $3.5 billion at March 31, 2023 and December 31, 2022, respectively. However, because credit spreads cannot compress below zero , our downside short notional exposure to loss is approximately $0.8 billion and $0.9 billion as of March 31, 2023 and December 31, 2022, respectively. 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 ​ March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 ​ ​ ​ (in millions) Equity contracts ​ $ 134 ​ $ 392 ​ $ 740 ​ $ 719 Credit contracts ​ 334 ​ 447 ​ 1 ​ 1 Commodity contracts ​ — ​ — ​ — ​ 1 Sub-total ​ 468 ​ 839 ​ 741 ​ 721 Netting across contract types (1) ​ (134) ​ (34) ​ (134) ​ (34) Total (1) ​ $ 334 ​ $ 805 ​ $ 607 ​ $ 687 (1) Excludes netting of cash collateral received and posted. The total collateral posted at March 31, 2023 and December 31, 2022 was $1,816 million and $1,436 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ 2023 2022 ​ ​ ​ ​ ​ ​ Equity contracts $ (284) ​ $ 90 Credit contracts 36 ​ (285) Commodity contracts 1 ​ — ​ $ (247) ​ $ (195) (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 price risk on crude oil and other inventories and to fix margins on future production, CVR Energy from time to time enters into various commodity derivative transactions and hold 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 Energy may enter into forward purchase or sale contracts associated with its feedstocks, expected future gasoline and diesel production and/or renewable identification numbers (“RINs”). As of March 31, 2023 and December 31, 2022, CVR Energy had 15 million and less than a million outstanding commodity swap positions, respectively. As of March 31, 2023 and December 31, 2022, CVR Energy had future contracts of 1 million and less than 1 million barrels, respectively. As of March 31, 2023 and December 31, 2022, CVR Energy had open fixed-price commitments to purchase a net 43 million and 34 million RINs, respectively. The following table presents the fair value of our Energy segment’s derivatives and the effect of the collateral netting: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative Assets ​ Derivative Liabilities ​ March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 ​ ​ ​ (in millions) Commodity contracts ​ 29 ​ — ​ (3) ​ (5) Netting across contract types (1) ​ — ​ — ​ 2 ​ 1 Total (1) ​ $ 29 ​ $ — ​ $ (1) ​ $ (4) ​ (1) Excludes netting of derivatives primarily related to initial margin requirements of $13 million and $7 million at March 31, 2023 and December 31, 2022, respectively, which was not offset against derivatives assets, net in the condensed consolidated balance sheets . ​ Gains (losses) recognized on derivatives for our Energy segment were $45 million and $2 million for the three months ended March 31, 2023 and 2022, 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	3 Months Ended
	Mar. 31, 2023
Inventories Net
Inventories, Net	8. Inventories, Net Inventories, net consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2023 2022 ​ ​ (in millions) Raw materials ​ $ 350 ​ $ 335 Work in process ​ 117 ​ 105 Finished goods ​ 630 ​ 1,091 ​ ​ $ 1,097 ​ $ 1,531 ​ The bankruptcy and deconsolidation of Auto Plus resulted in a decrease of inventories of $440 million.

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	3 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets, Net
Goodwill and Intangible Assets, Net	9. Goodwill and Intangible Assets, Net Goodwill consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ December 31, 2022 ​ 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 ​ 22 ​ (3) ​ 19 ​ 22 ​ (3) ​ 19 Pharma ​ ​ 13 ​ ​ — ​ ​ 13 ​ ​ 13 ​ ​ — ​ ​ 13 ​ ​ $ 378 ​ $ (90) ​ $ 288 ​ $ 378 ​ $ (90) ​ $ 288 ​ Intangible assets, net consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ December 31, 2022 ​ Gross ​ ​ Net Gross ​ ​ Net ​ ​ Carrying ​ Accumulated ​ Carrying ​ Carrying ​ Accumulated ​ Carrying ​ ​ Amount ​ Amortization ​ Value ​ Amount ​ Amortization ​ Value ​ ​ (in millions) Definite-lived intangible assets: ​ ​ ​ ​ ​ ​ Customer relationships ​ $ 392 ​ $ (217) ​ $ 175 ​ $ 393 ​ $ (212) ​ $ 181 Developed technology ​ ​ 254 ​ ​ (69) ​ ​ 185 ​ ​ 254 ​ ​ (62) ​ ​ 192 Other ​ 167 ​ (93) ​ 74 ​ 167 ​ (90) ​ 77 ​ ​ $ 813 ​ $ (379) ​ $ 434 ​ $ 814 ​ $ (364) ​ $ 450 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indefinite-lived intangible assets ​ ​ ​ $ 83 ​ ​ ​ $ 83 Intangible assets, net ​ ​ ​ $ 517 ​ ​ ​ $ 533 ​ Amortization expense associated with definite-lived intangible assets was $15 million and $14 million for the three months ended March 31, 2023 and 2022, respectively. We utilize the straight-line method of amortization, recognized over the estimated useful lives of the assets.

Leases

Leases	3 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Leases	10. 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ 2023 ​ 2022 ​ ​ (in millions) Operating Leases: ​ ​ ​ ​ Right-of-use assets (other assets) ​ $ 514 ​ $ 478 Lease liabilities (accrued expenses and other liabilities) ​ 523 ​ 484 ​ ​ ​ ​ ​ ​ ​ Financing Leases: ​ ​ ​ ​ Right-of-use assets (property, plant and equipment, net) ​ 46 ​ 48 Lease liabilities (debt) ​ 63 ​ 64 ​ Additional information with respect to our operating leases as of March 31, 2023 and December 31, 2022 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 March 31, 2023 ​ Assets ​ Liabilities ​ Lease Term ​ Rate ​ ​ (in millions) ​ ​ ​ ​ ​ Energy ​ $ 41 ​ $ 41 ​ 4.0 years ​ 5.4% ​ Automotive ​ 421 ​ 434 5.4 years 5.9% ​ Food Packaging ​ 24 ​ 27 10 years 7.4% ​ Other segments and Holding Company ​ 28 ​ 21 ​ ​ ​ $ 514 ​ $ 523 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Right-Of-Use Lease ​ Discount ​ Operating Leases as of December 31, 2022 ​ Assets ​ Liabilities ​ Lease Term ​ Rate ​ ​ ​ (in millions) ​ ​ ​ ​ ​ Energy ​ $ 40 ​ $ 40 ​ 4.1 years ​ 5.2% ​ Automotive ​ 386 ​ 395 4.7 years 5.9% ​ Food Packaging ​ 24 ​ 27 9.8 years 7.4% ​ Other segments and Holding Company ​ 28 ​ 22 ​ ​ ​ $ 478 ​ $ 484 ​ ​ ​ ​ ​ ​ For the three months ended March 31, 2023 and 2022, lease cost was comprised of (i) operating lease cost of $41 million and $47 million, respectively, (ii) amortization of financing lease right-of-use assets of $1 million and $3 million, respectively, and (iii) interest expense on financing lease liabilities of $1 million and $1 million, respectively. Our automotive segment accounted for $33 million and $40 million of total lease cost for the three months ended March 31, 2023 and 2022, respectively. Automotive Our Automotive segment leases certain operating locations under long-term operating leases. Our Automotive segment’s revenues from operating leases were $16 million and $9 million for the three months ended March 31, 2023 and 2022, 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 March 31, 2023 and December 31, 2022, our Real Estate segment had assets leased to others included in property, plant and equipment of $284 million and $252 million, respectively, net of accumulated depreciation. Our Real Estate segment’s revenue from operating leases were $5 million and $2 million for the three months ended March 31, 2023 and 2022, respectively. Revenues from operating leases are included in other revenue from operations in the condensed consolidated statements of operations.

Debt

Debt	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Debt	11. Debt Debt consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2023 2022 ​ ​ (in millions) Holding Company: ​ ​ ​ ​ 4.750% senior unsecured notes due 2024 ​ $ 1,103 ​ $ 1,103 6.375% senior unsecured notes due 2025 ​ 749 ​ 749 6.250% senior unsecured notes due 2026 ​ 1,250 ​ 1,250 5.250% senior unsecured notes due 2027 ​ 1,460 ​ 1,460 4.375% senior unsecured notes due 2029 ​ ​ 747 ​ ​ 747 ​ ​ 5,309 ​ 5,309 Reporting Segments: ​ ​ ​ ​ ​ ​ Energy ​ 1,590 ​ 1,591 Automotive ​ 18 ​ 21 Food Packaging ​ 164 ​ 162 Real Estate ​ 1 ​ 1 Home Fashion ​ 9 ​ 12 ​ ​ 1,782 ​ 1,787 Total Debt ​ $ 7,091 ​ $ 7,096 ​ 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 during the three months ended March 31, 2022. 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 $1 million for the three months ended March 31, 2023 and 2022, respectively.

Net Income Per LP Unit

Net Income Per LP Unit	3 Months Ended
	Mar. 31, 2023
Net Income Per LP Unit [Abstract]
Net Income Per LP Unit	12. 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 March 31, ​ 2023 2022 ​ ​ ​ ​ ​ ​ ​ Net (loss) income attributable to Icahn Enterprises ​ $ (270) $ 323 Net (loss) income attributable to Icahn Enterprises allocated to limited partners (98.01% allocation) ​ $ (265) ​ $ 317 ​ ​ ​ ​ ​ ​ ​ Basic (loss) income per LP unit: ​ $ (0.75) ​ $ 1.08 Basic weighted average LP units outstanding ​ ​ 354 ​ ​ 294 ​ ​ ​ ​ ​ ​ ​ Diluted (loss) income per LP unit: ​ $ (0.75) ​ $ 1.06 Diluted weighted average LP units outstanding (1) ​ 354 ​ 299 ​ ​ ​ ​ ​ ​ ​ (1) Excludes the weighted average potential dividend distribution of 5,741,711 units as of March 31, 2023 because their effect was antidilutive. ​ LP Unit Transactions Unit Distributions On February 22, 2023, 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. Because the depository unitholders had the election to receive the distribution either in cash or additional depository units, we recorded a unit distribution liability of $724 million as the unit distribution had not been made as of March 31, 2023. In addition, the unit distribution liability, which is included in accrued expenses and other liabilities in the condensed consolidated balance sheets, is considered a potentially dilutive security and is considered in the calculation of diluted income per LP unit as disclosed above. Any difference between the liability recorded and the amount representing the aggregate value of the number of depository units distributed and cash paid would be charged to equity. In April 2023, we distributed an aggregate At-The-Market Offerings During the three months ended March 31, 2023, we sold 3,395,353 depositary units pursuant to our Open Market Sale Agreement, resulting in gross proceeds of $175 million. As of March 31, 2023, we continue to have an active Open Market Sale Agreement and Icahn Enterprises may sell its depositary units for up to an additional $149 million in aggregate gross sale proceeds pursuant to this agreement.

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Segment Reporting	13. 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 March 31, 2023 ​ Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated ​ ​ (in millions) Revenues: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ — ​ $ 2,286 ​ $ 287 ​ $ 118 ​ $ 7 ​ $ 40 ​ $ 20 ​ $ — ​ $ 2,758 Other revenues from operations ​ — ​ — ​ 170 ​ — ​ 16 ​ — ​ 1 ​ — ​ 187 Net loss from investment activities ​ (443) ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ (443) Interest and dividend income ​ 144 ​ 5 ​ — ​ — ​ — ​ — ​ — ​ 22 ​ 171 Other (loss) income, net ​ (28) ​ 3 ​ — ​ (7) ​ — ​ — ​ — ​ — ​ (32) ​ ​ (327) ​ 2,294 ​ 457 ​ 111 ​ 23 ​ 40 ​ 21 ​ 22 ​ 2,641 Expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost of goods sold ​ — ​ 1,926 ​ 193 ​ 91 ​ 6 ​ 32 ​ 12 ​ — ​ 2,260 Other expenses from operations ​ — ​ — ​ 145 ​ — ​ 13 ​ — ​ — ​ — ​ 158 Selling, general and administrative ​ 3 ​ 46 ​ 132 ​ 14 ​ 4 ​ 10 ​ 13 ​ 7 ​ 229 Loss on deconsolidation of subsidiary ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 226 ​ ​ 226 Interest expense ​ 45 ​ 23 ​ — ​ 3 ​ — ​ — ​ — ​ 71 ​ 142 ​ ​ 48 ​ 1,995 ​ 470 ​ 108 ​ 23 ​ 42 ​ 25 ​ 304 ​ 3,015 (Loss) before income tax benefit (expense) ​ (375) ​ 299 ​ (13) ​ 3 ​ — ​ (2) ​ (4) ​ (282) ​ (374) Income tax (expense) benefit ​ — ​ (52) ​ — ​ 4 ​ — ​ — ​ — ​ 64 ​ 16 Net (loss) income ​ (375) ​ 247 ​ (13) ​ 7 ​ — ​ (2) ​ (4) ​ (218) ​ (358) Less: net (loss) income attributable to non-controlling interests ​ (204) ​ 115 ​ — ​ 1 ​ — ​ — ​ — ​ — ​ (88) Net (loss) income attributable to Icahn Enterprises ​ $ (171) ​ $ 132 ​ $ (13) ​ $ 6 ​ $ — ​ $ (2) ​ $ (4) ​ $ (218) ​ $ (270) Supplemental information: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ $ — ​ $ 44 ​ $ 10 ​ $ 2 ​ $ 2 ​ $ — ​ $ — ​ $ — ​ $ 58 Depreciation and amortization ​ $ — ​ $ 84 ​ $ 19 ​ $ 7 ​ $ 3 ​ $ 2 ​ $ 7 ​ $ — ​ $ 122 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2022 ​ Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated ​ ​ (in millions) ​ ​ Revenues: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ — ​ $ 2,373 ​ $ 407 ​ $ 101 ​ $ 17 ​ $ 55 ​ $ 15 ​ $ — ​ $ 2,968 Other revenues from operations ​ — ​ — ​ 156 ​ — ​ 11 ​ — ​ 1 ​ — ​ 168 Net gain from investment activities ​ 908 ​ — ​ — ​ — ​ — ​ — ​ — ​ 31 ​ 939 Interest and dividend income ​ 40 ​ — ​ — ​ — ​ — ​ — ​ — ​ 2 ​ 42 Other (loss) income, net ​ (17) ​ (10) ​ 2 ​ 1 ​ — ​ — ​ 1 ​ (1) ​ (24) ​ ​ 931 ​ 2,363 ​ 565 ​ 102 ​ 28 ​ 55 ​ 17 ​ 32 ​ 4,093 Expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost of goods sold ​ — ​ 2,123 ​ 267 ​ 81 ​ 10 ​ 45 ​ 12 ​ — ​ 2,538 Other expenses from operations ​ — ​ — ​ 126 ​ — ​ 11 ​ ​ ​ — ​ — ​ 137 Selling, general and administrative ​ 4 ​ 45 ​ 208 ​ 13 ​ 4 ​ 11 ​ 10 ​ 6 ​ 301 Interest expense ​ 32 ​ 24 ​ 1 ​ 1 ​ — ​ — ​ — ​ 76 ​ 134 ​ ​ 36 ​ 2,192 ​ 602 ​ 95 ​ 25 ​ 56 ​ 22 ​ 82 ​ 3,110 Income (loss) before income tax benefit (expense) ​ 895 ​ 171 ​ (37) ​ 7 ​ 3 ​ (1) ​ (5) ​ (50) ​ 983 Income tax (expense) benefit ​ — ​ (30) ​ 9 ​ (1) ​ — ​ — ​ — ​ (76) ​ (98) Net income (loss) ​ 895 ​ 141 ​ (28) ​ 6 ​ 3 ​ (1) ​ (5) ​ (126) ​ 885 Less: net income attributable to non-controlling interests ​ 481 ​ 80 ​ — ​ 1 ​ — ​ — ​ — ​ — ​ 562 Net income (loss) attributable to Icahn Enterprises ​ $ 414 ​ $ 61 ​ $ (28) ​ $ 5 ​ $ 3 ​ $ (1) ​ $ (5) ​ $ (126) ​ $ 323 Supplemental information: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ $ — ​ $ 26 ​ $ 21 ​ $ 4 ​ $ 4 ​ $ — ​ $ — ​ $ — ​ $ 55 Depreciation and amortization ​ $ — ​ $ 83 ​ $ 20 ​ $ 7 ​ $ 3 ​ $ 2 ​ $ 7 ​ $ — ​ $ 122 ​ ​ 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 March 31, ​ 2023 2022 ​ ​ ​ ​ ​ ​ ​ Petroleum products ​ $ 2,060 ​ $ 2,150 Nitrogen fertilizer products ​ 226 ​ 223 ​ ​ $ 2,286 ​ $ 2,373 ​ Automotive ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ 2023 2022 ​ ​ ​ ​ ​ ​ ​ Automotive services ​ $ 369 ​ $ 353 Aftermarket parts sales ​ 72 ​ 201 ​ ​ $ 441 ​ $ 554 ​ ​ Condensed Balance Sheets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ ​ Investment ​ Energy ​ Automotive ​ Food Packaging ​ Real Estate ​ Home Fashion ​ Pharma ​ Holding Company ​ Consolidated ​ ​ (in millions) ASSETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 22 ​ $ 601 ​ $ 34 ​ $ 13 ​ $ 41 ​ $ 6 ​ $ 23 ​ $ 1,868 ​ $ 2,608 Cash held at consolidated affiliated partnerships and restricted cash ​ 2,384 ​ 7 ​ 9 ​ — ​ 7 ​ 3 ​ — ​ 71 ​ 2,481 Investments ​ 6,520 ​ 103 ​ — ​ — ​ 14 ​ — ​ — ​ — ​ 6,637 Accounts receivable, net ​ — ​ 330 ​ 53 ​ 86 ​ 12 ​ 24 ​ 22 ​ — ​ 527 Inventories, net ​ — ​ 609 ​ 256 ​ 112 ​ — ​ 93 ​ 27 ​ — ​ 1,097 Related party notes receivable, net ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 207 ​ ​ 207 Property, plant and equipment, net ​ — ​ 2,647 ​ 797 ​ 139 ​ 343 ​ 55 ​ — ​ 5 ​ 3,986 Goodwill and intangible assets, net ​ — ​ 195 ​ 348 ​ 24 ​ — ​ 19 ​ 219 ​ — ​ 805 Other assets ​ 6,716 ​ 316 ​ 472 ​ 104 ​ 103 ​ 16 ​ 6 ​ 188 ​ 7,921 Total assets ​ $ 15,642 ​ $ 4,808 ​ $ 1,969 ​ $ 478 ​ $ 520 ​ $ 216 ​ $ 297 ​ $ 2,339 ​ $ 26,269 LIABILITIES AND EQUITY ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable, accrued expenses and other liabilities ​ $ 1,293 ​ $ 1,771 ​ $ 838 ​ $ 139 ​ $ 58 ​ $ 46 ​ $ 60 ​ $ 823 ​ $ 5,028 Securities sold, not yet purchased, at fair value ​ 5,654 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 5,654 Debt ​ — ​ 1,590 ​ 18 ​ 164 ​ 1 ​ 9 ​ — ​ 5,309 ​ 7,091 Total liabilities ​ 6,947 ​ 3,361 ​ 856 ​ 303 ​ 59 ​ 55 ​ 60 ​ 6,132 ​ 17,773 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity attributable to Icahn Enterprises ​ 4,013 ​ 744 ​ 1,113 ​ 159 ​ 457 ​ 161 ​ 237 ​ (3,793) ​ 3,091 Equity attributable to non-controlling interests ​ 4,682 ​ 703 ​ — ​ 16 ​ 4 ​ — ​ — ​ — ​ 5,405 Total equity ​ 8,695 ​ 1,447 ​ 1,113 ​ 175 ​ 461 ​ 161 ​ 237 ​ (3,793) ​ 8,496 Total liabilities and equity ​ $ 15,642 ​ $ 4,808 ​ $ 1,969 ​ $ 478 ​ $ 520 ​ $ 216 ​ $ 297 ​ $ 2,339 ​ $ 26,269 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ Investment ​ Energy ​ Automotive ​ Food Packaging ​ Real Estate ​ Home Fashion ​ Pharma ​ Holding Company ​ Consolidated ​ ​ (in millions) ASSETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 19 ​ $ 510 ​ $ 32 ​ $ 9 ​ $ 26 ​ $ 5 ​ $ 16 ​ $ 1,720 ​ $ 2,337 Cash held at consolidated affiliated partnerships and restricted cash ​ 2,455 ​ 7 ​ 10 ​ — ​ 8 ​ 3 ​ — ​ 66 ​ 2,549 Investments ​ 6,719 ​ 76 ​ — ​ — ​ 14 ​ — ​ — ​ — ​ 6,809 Accounts receivable, net ​ — ​ 358 ​ 99 ​ 87 ​ 12 ​ 24 ​ 26 ​ — ​ 606 Inventories, net ​ — ​ 624 ​ 686 ​ 103 ​ — ​ 90 ​ 28 ​ — ​ 1,531 Property, plant and equipment, net ​ — ​ 2,664 ​ 826 ​ 142 ​ 345 ​ 56 ​ — ​ 5 ​ 4,038 Goodwill and intangible assets, net ​ — ​ 200 ​ 352 ​ 24 ​ — ​ 19 ​ 226 ​ — ​ 821 Other assets ​ 8,041 ​ 296 ​ 527 ​ 110 ​ 102 ​ 16 ​ 6 ​ 125 ​ 9,223 Total assets ​ $ 17,234 ​ $ 4,735 ​ $ 2,532 ​ $ 475 ​ $ 507 ​ $ 213 ​ $ 302 ​ $ 1,916 ​ $ 27,914 LIABILITIES AND EQUITY ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable, accrued expenses and other liabilities ​ $ 1,589 ​ $ 1,823 ​ $ 981 ​ $ 149 ​ $ 47 ​ $ 45 ​ $ 61 ​ $ 70 ​ $ 4,765 Securities sold, not yet purchased, at fair value ​ 6,495 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 6,495 Debt ​ — ​ 1,591 ​ 21 ​ 162 ​ 1 ​ 12 ​ — ​ 5,309 ​ 7,096 Total liabilities ​ 8,084 ​ 3,414 ​ 1,002 ​ 311 ​ 48 ​ 57 ​ 61 ​ 5,379 ​ 18,356 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity attributable to Icahn Enterprises ​ 4,184 ​ 648 ​ 1,530 ​ 149 ​ 455 ​ 156 ​ 241 ​ (3,463) ​ 3,900 Equity attributable to non-controlling interests ​ 4,966 ​ 673 ​ — ​ 15 ​ 4 ​ — ​ — ​ — ​ 5,658 Total equity ​ 9,150 ​ 1,321 ​ 1,530 ​ 164 ​ 459 ​ 156 ​ 241 ​ (3,463) ​ 9,558 Total liabilities and equity ​ $ 17,234 ​ $ 4,735 ​ $ 2,532 ​ $ 475 ​ $ 507 ​ $ 213 ​ $ 302 ​ $ 1,916 ​ $ 27,914 ​

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	​ 14. Income Taxes For the three months ended March 31, 2023, we recorded an income tax benefit of $16 million on pre-tax loss of $374 million compared to an income tax expense of $98 million on pre-tax income of $983 million for the three months ended March 31, 2022. Our effective income tax rate was 4.3% and 10.0% for the three months ended March 31, 2023 and 2022, respectively. For the three months ended March 31, 2023, 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 March 31, 2022, the effective tax rate was lower than the statutory federal tax rate of

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2023
Changes in Accumulated Other Comprehensive Loss [Abstract]
Changes in Accumulated Other Comprehensive Loss	15. 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, 2022 ​ $ (45) ​ $ (25) ​ $ (70) Other comprehensive (loss) income before reclassifications, net of tax ​ 4 ​ — ​ 4 Other comprehensive (loss) income, net of tax ​ 4 ​ — ​ 4 Balance, March 31, 2023 ​ $ (41) ​ $ (25) ​ $ (66) ​

Other (Loss) Income, Net

Other (Loss) Income, Net	3 Months Ended
	Mar. 31, 2023
Other (Loss) Income, Net [Abstract]
Other (Loss) Income, Net	16. Other (Loss) Income, Net Other (loss) income, net consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ 2023 2022 ​ ​ ​ ​ ​ ​ ​ Dividend expense ​ $ (28) ​ $ (17) Equity earnings from non-consolidated affiliates ​ ​ 2 ​ ​ 2 Gain on disposition of assets, net ​ ​ — ​ ​ 2 Foreign currency transaction gain ​ — ​ 1 Loss on extinguishment of debt, net ​ — ​ (2) Other ​ (6) ​ (10) ​ ​ $ (32) ​ $ (24) ​

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	17. 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 $21 million and $22 million as of March 31, 2023 and December 31, 2022, 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 CVR Energy’s indirect wholly-owned subsidiary, Coffeyville Resource Refining & Marketing, LLC (“CRRM”) is party to proceedings relating to claims by the United States Department of Justice (the “DOJ”) on behalf of the U.S. Environmental Protection Agency (the “EPA”) and the State of Kansas, acting by and through the Kansas Department of Health and Environment (“KDHE” and collectively with the DOJ and EPA, the “CAA Plaintiffs”) for alleged violations of the Clean Air Act (the “CAA”) and a 2012 Consent Decree (“CD”) between CRRM, 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 Claims”), which amount CRRM previously deposited into a commercial escrow account, which escrowed funds are legally restricted for use and are included in other assets in our condensed consolidated balance sheets. After the United States District Court for the District of Kansas (“D. Kan.”) denied CRRM’s petition for judicial review of the Stipulated Claims, CRRM appealed the D. Kan. order to the United States Court of Appeals for the Tenth Circuit (the “10 th th th th th 45Q Transaction In January 2023, CVR Energy and its obligated-party subsidiaries entered into a joint venture and related agreements with unaffiliated third-party investors and others intended to qualify for certain tax credits available under Section 45Q of the Internal Revenue Code. Under the agreements entered into in connection with the 45Q Transactions, CVR Partners and certain of its subsidiaries are obligated to meet certain minimum quantities of carbon dioxide supply each year during the term of the agreement and could be subject to fees of up to Renewable Fuel Standards CVR Energy’s obligated-party subsidiaries are 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 Renewable Identification Numbers (“RINs), in lieu of blending. CVR Energy’s obligated subsidiaries are not able to blend the substantial majority of its transportation fuels and, unless their obligations are waived by the EPA, 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. CVR Energy’s obligated-party subsidiaries 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 April 2022 and June 2022 alternate compliance rulings and the EPA’s Final Rule filed in July 2022 establishing renewal volume obligation (“RVO”), and, with respect to Wynnewood Refining Company, LLC (“WRC”), challenging EPA’s denial of small refinery exemptions (“SREs”) sought by WRC for the 2017 through 2021 compliance periods (the “SRE Lawsuits”), also intervened in an action filed by certain biofuels producers relating to the RFS. In late 2022, the Fifth Circuit denied the EPA’s motions to stay the SRE Denial Lawsuits. In March 2023, the Fifth Circuit granted WRC’s motion to stay enforcement of the RFS against WRC pending resolution of the SREs lawsuits. 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 Energy intends to prosecute these actions vigorously, if these matters are ultimately concluded in a manner adverse to CVR Energy, they could have a material effect on our Energy business’ financial position, results of operations, or cash flows. For the three months ended March 31, 2023 and 2022, our Energy segment recognized a benefit of $11 million and an expense of $107 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). 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 March 31, 2023 and December 31, 2022, CVR Refining’s RFS position was $582 million and $692 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 ​ Call Option Coverage Cases – million for settlement of the lawsuits filed in the Delaware Court of Chancery (the “Chancery Court”) by purported former unitholders of CVR Refining, LP on behalf of themselves and an alleged class of similarly situated unitholders against the Call Defendants relating to CVR Energy’s exercise of the call option under the CVR Refining, LP Amended and Restated Agreement of Limited Partnership assigned to it by CVR Refining’s LP’s general partner, which Stipulation, Compromise and Release (the “Settlement”) was entered into by the parties in August 2022 and approved by the Chancery Court in December 2022. The Company intends to appeal the grant of summary judgment while it concurrently pursues its claims against the Insurers it filed in October 2022 in the Superior Court of the State of Delaware (the “Superior Court”) alleging Breach of Contract and Breach of the Implied Covenant of Good Faith and Fair Dealing against 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. On January 3, 2023, the Superior Court granted the Call Defendants’ motion for leave to amend its complaint to seek recovery from the Insurers of all of the amounts paid in settlement of the Call Option Lawsuits. As the potential appeal of the Texas Court decision and the Superior Court lawsuit 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 84% of Icahn Enterprises’ outstanding depositary units as of March 31, 2023. 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 March 31, 2023. If the plans were voluntarily terminated, they would be underfunded by an aggregate of approximately $48 million as of March 31, 2023. 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. on May 3, 2023 seeking production of information relating to it and certain of its affiliates’ corporate governance, capitalization, securities offerings, dividends, valuation, marketing materials, due diligence and other materials. We are cooperating with the request and are providing documents in response to the voluntary request for information. 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 and we are still evaluating the matter, we do not currently 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	3 Months Ended
	Mar. 31, 2023
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	18. Supplemental Cash Flow Information Supplemental cash flow information consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ 2023 2022 ​ ​ (in millions) Cash payments for interest ​ $ (83) ​ $ (98) Cash (payments) receipts for income taxes, net of payments ​ (5) ​ 1 Partnership contributions receivable ​ 6 ​ — Non-cash Investment segment distributions to non-controlling interests ​ ​ (2) ​ ​ — Partnership distributions payable ​ (724) ​ (603) Non-cash recognition of the related party note receivable ​ 188 ​ — ​

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	19. Subsequent Events Icahn Enterprises LP Unit Distribution On May 9, 2023, 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 June 30, 2023 to depositary unitholders of record at the close of business on May 22, 2023. Depositary unitholders will have until June 20, 2023 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 June 27, 2023. 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. Repurchase Authorization On May 9, 2023, the Board of Directors of the General Partner approved a repurchase program which authorizes Icahn Enterprises or affiliates of Icahn Enterprises to repurchase up to an aggregate of $500 million worth of any of our outstanding fixed-rate senior unsecured notes issued by Icahn Enterprises and Icahn Enterprises Finance Corp. and up to an aggregate of $500 million worth of the depositary units issued by Icahn Enterprises (the “Repurchase Program”). The repurchases of senior notes or depositary units may be done for cash from time to time in the open market, through tender offers or in privately negotiated transactions upon such terms and at such prices as management may determine. The authorization of the Repurchase Program is for an indefinite term and does not expire until later terminated by the Board of Directors. ​ Investment Funds Redemption Mr. Icahn and his affiliates redeemed $867 million from the Investment segment representing a pro-rata portion of the cash in the Investment segment attributable to Mr. Icahn and his affiliates, which was paid to Mr. Icahn and his affiliates on April 14, 2023. This redemption does not change our liquidity in the Investment segment. Real Estate Subsequent to March 31, 2023, within our Real Estate segment, a significant tenant of a commercial high-rise property was notified of default for non-payment. The tenant stated they are unable to cure the default status and the lease has been terminated. We consider this default, along with other facts and circumstances, a triggering event for potential impairment and we will assess this long-lived asset for any non-cash impairment charges during the second quarter of 2023. As of March 31, 2023, this property had a net book value of $218 million and any potential impairment cannot be estimated at this time.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2023
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. For entities over which the Company does not have significant influence, the Company accounts for its equity investment at fair value, except for the Company’s equity interest in Auto Plus. 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 such 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.
Reclassifications	Reclassifications Certain reclassifications from the prior year presentation have been made to conform to the current year presentation, which did not have an impact on previously reported net income and equity and are not deemed material.
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 5, “Investments,” and Note 6, “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 March 31, 2023 was approximately $7.1 billion and $6.5 billion, respectively. The carrying value and estimated fair value of our long-term debt as of December 31, 2022 was approximately $7.1 billion and $6.6 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 $568 million and $1,019 million as of March 31, 2023 and December 31, 2022, 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 $1,913 million and $1,530 million as of March 31, 2023 and December 31, 2022, 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 and Automotive 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 10, “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 13, “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. In the three months ended March 31, 2023, our Energy segment recorded deferred revenue of $46 million related to certain tax credits available under Section 45Q of the Internal Revenue Code (the “45Q Transaction”). Our Energy segment had deferred revenue of $83 million and $48 million as of March 31, 2023 and December 31, 2022, respectively. For the three months ended March 31, 2023 and 2022, our Energy segment recorded revenue of $12 million and $17 million, respectively, with respect to deferred revenue outstanding as of the beginning of each respective period. As of March 31, 2023, our Energy segment had $3 million of remaining performance obligations for contracts with an original expected duration of more than one year. Our Energy segment expects to recognize a majority of these performance obligations as revenue by the end of 2023 and the remaining nominal balance in 2024. Automotive Our Automotive segment had deferred revenue with respect to extended warranty plans of $44 million at each of March 31, 2023 and December 31, 2022, respectively, which are included in accrued expenses and other liabilities on the condensed consolidated balance sheets. For the three months ended March 31, 2023 and 2022, our Automotive segment recorded deferred revenue of $6 million and $6 million, respectively, outstanding as of the beginning of each period.
Adoption of New Accounting Standards	Adoption of New 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 September 2022, the FASB issued ASU 2022-04, Liabilities- Supplier Finance Programs (Subtopic 405-50) Disclosure of Supplier Finance Program Obligations
Recently Issued Accounting Standards	Recently Issued Accounting Standards In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions, and, therefore, is not considered in measuring the fair value. The guidance also clarifies that an entity cannot, as a separate unit of account, recognize and measure a contractual sale restriction. The amendment requires the following disclosures for equity securities subject to contractual sale restrictions: the fair value of equity securities subject to contractual sale restrictions; the nature and remaining duration of the restriction(s); and the circumstances that could cause a lapse in the restriction(s). The amended guidance is effective January 1, 2024 on a prospective basis. Early adoption is permitted. We are currently assessing the impact of adopting this new accounting standard on our condensed consolidated financial statements.

Fair Value Measurements (Polici

Fair Value Measurements (Policies)	3 Months Ended
	Mar. 31, 2023
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)	3 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets, Net
Intangible assets	We utilize the straight-line method of amortization, recognized over the estimated useful lives of the assets

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2023
Investment Segment
Schedule of Investments
Investment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2023 2022 ​ ​ (in millions) Assets ​ ​ ​ ​ ​ ​ Investments: ​ ​ Equity securities: ​ ​ Communications ​ $ 132 ​ $ 199 Consumer, cyclical ​ 590 ​ 692 Energy ​ 903 ​ 909 Utilities ​ 1,417 ​ 1,205 Healthcare ​ 490 ​ 320 Technology ​ 658 ​ 655 Materials ​ 145 ​ 153 Industrial ​ 26 ​ 486 ​ ​ 4,361 ​ 4,619 Debt Securities: ​ ​ ​ ​ ​ ​ Financials ​ ​ 1,968 ​ ​ 1,958 Real Estate ​ ​ 146 ​ ​ 131 Communications ​ ​ 45 ​ ​ 11 ​ ​ 2,159 ​ 2,100 ​ ​ $ 6,520 ​ $ 6,719 Liabilities ​ ​ Securities sold, not yet purchased, at fair value: ​ ​ Equity securities: ​ ​ Consumer, non-cyclical ​ $ 889 ​ $ 1,006 Consumer, cyclical ​ ​ 288 ​ ​ 352 Energy ​ 2,193 ​ 2,690 Utilities ​ 788 ​ 813 Healthcare ​ 417 ​ 387 Materials ​ 736 ​ 598 Industrial ​ ​ 166 ​ ​ 480 ​ ​ ​ 5,477 ​ ​ 6,326 Debt securities: ​ ​ ​ ​ ​ ​ Materials ​ ​ 177 ​ ​ 169 ​ ​ $ 5,654 ​ $ 6,495 ​
Other Segments and Holding Company
Schedule of Investments
Investment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2023 2022 ​ ​ (in millions) Equity method investments ​ $ 103 ​ $ 76 Other investments measured at fair value ​ 14 ​ 14 ​ ​ $ 117 ​ $ 90 ​

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2023
Fair Value Measurements
Assets measured at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ December 31, 2022 ​ Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total ​ ​ (in millions) Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments (Note 5) ​ $ 5,291 ​ $ 1,190 ​ $ 42 ​ $ 6,523 ​ $ 5,538 ​ $ 1,142 ​ $ 42 ​ $ 6,722 Derivative assets, net (Note 7) ​ — ​ 363 ​ — ​ 363 ​ — ​ 812 ​ — ​ 812 ​ ​ $ 5,291 ​ $ 1,553 ​ $ 42 ​ $ 6,886 ​ $ 5,538 ​ $ 1,954 ​ $ 42 ​ $ 7,534 Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities sold, not yet purchased (Note 5) ​ $ 5,477 ​ $ 177 ​ $ — ​ $ 5,654 ​ $ 6,326 ​ $ 169 ​ $ — ​ $ 6,495 Derivative liabilities, net (Note 7) ​ — ​ 608 ​ — ​ 608 ​ — ​ 691 ​ — ​ 691 RFS obligations (Note 17) ​ — ​ 582 ​ — ​ 582 ​ — ​ 692 ​ — ​ 692 ​ ​ $ 5,477 ​ $ 1,367 ​ $ — ​ $ 6,844 ​ $ 6,326 ​ $ 1,552 ​ $ — ​ $ 7,878 ​

Financial Instruments (Tables)

Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2023
Derivative
Notional exposure of derivative instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ December 31, 2022 ​ Long Notional Exposure Short Notional Exposure Long Notional Exposure Short Notional Exposure ​ ​ ​ (in millions) Primary underlying risk: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity contracts ​ $ 2,419 ​ $ 5,732 ​ $ 1,816 ​ $ 5,354 Credit contracts (1) ​ — ​ 795 ​ ​ — ​ 945 Commodity contracts ​ — ​ 21 ​ ​ — ​ ​ 22 (1) The short notional amount on our credit default swap positions was approximately $3.2 billion and $3.5 billion at March 31, 2023 and December 31, 2022, respectively. However, because credit spreads cannot compress below zero , our downside short notional exposure to loss is approximately $0.8 billion and $0.9 billion as of March 31, 2023 and December 31, 2022, respectively.
Investment Segment
Derivative
Fair value and income recognized for derivatives not designated as hedging instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative Assets ​ Derivative Liabilities ​ March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 ​ ​ ​ (in millions) Equity contracts ​ $ 134 ​ $ 392 ​ $ 740 ​ $ 719 Credit contracts ​ 334 ​ 447 ​ 1 ​ 1 Commodity contracts ​ — ​ — ​ — ​ 1 Sub-total ​ 468 ​ 839 ​ 741 ​ 721 Netting across contract types (1) ​ (134) ​ (34) ​ (134) ​ (34) Total (1) ​ $ 334 ​ $ 805 ​ $ 607 ​ $ 687 (1) Excludes netting of cash collateral received and posted. The total collateral posted at March 31, 2023 and December 31, 2022 was $1,816 million and $1,436 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ 2023 2022 ​ ​ ​ ​ ​ ​ Equity contracts $ (284) ​ $ 90 Credit contracts 36 ​ (285) Commodity contracts 1 ​ — ​ $ (247) ​ $ (195) (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 Segment
Derivative
Fair value and income recognized for derivatives not designated as hedging instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative Assets ​ Derivative Liabilities ​ March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 ​ ​ ​ (in millions) Commodity contracts ​ 29 ​ — ​ (3) ​ (5) Netting across contract types (1) ​ — ​ — ​ 2 ​ 1 Total (1) ​ $ 29 ​ $ — ​ $ (1) ​ $ (4) ​ (1) Excludes netting of derivatives primarily related to initial margin requirements of $13 million and $7 million at March 31, 2023 and December 31, 2022, respectively, which was not offset against derivatives assets, net in the condensed consolidated balance sheets .

Inventories, Net (Tables)

Inventories, Net (Tables)	3 Months Ended
	Mar. 31, 2023
Inventories Net
Inventories	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2023 2022 ​ ​ (in millions) Raw materials ​ $ 350 ​ $ 335 Work in process ​ 117 ​ 105 Finished goods ​ 630 ​ 1,091 ​ ​ $ 1,097 ​ $ 1,531 ​

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, Net (Tables)	3 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets, Net
Schedule of Goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ December 31, 2022 ​ 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 ​ 22 ​ (3) ​ 19 ​ 22 ​ (3) ​ 19 Pharma ​ ​ 13 ​ ​ — ​ ​ 13 ​ ​ 13 ​ ​ — ​ ​ 13 ​ ​ $ 378 ​ $ (90) ​ $ 288 ​ $ 378 ​ $ (90) ​ $ 288 ​
Intangible assets, net	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ December 31, 2022 ​ Gross ​ ​ Net Gross ​ ​ Net ​ ​ Carrying ​ Accumulated ​ Carrying ​ Carrying ​ Accumulated ​ Carrying ​ ​ Amount ​ Amortization ​ Value ​ Amount ​ Amortization ​ Value ​ ​ (in millions) Definite-lived intangible assets: ​ ​ ​ ​ ​ ​ Customer relationships ​ $ 392 ​ $ (217) ​ $ 175 ​ $ 393 ​ $ (212) ​ $ 181 Developed technology ​ ​ 254 ​ ​ (69) ​ ​ 185 ​ ​ 254 ​ ​ (62) ​ ​ 192 Other ​ 167 ​ (93) ​ 74 ​ 167 ​ (90) ​ 77 ​ ​ $ 813 ​ $ (379) ​ $ 434 ​ $ 814 ​ $ (364) ​ $ 450 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indefinite-lived intangible assets ​ ​ ​ $ 83 ​ ​ ​ $ 83 Intangible assets, net ​ ​ ​ $ 517 ​ ​ ​ $ 533 ​

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Lessee right-of-use assets and liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ 2023 ​ 2022 ​ ​ (in millions) Operating Leases: ​ ​ ​ ​ Right-of-use assets (other assets) ​ $ 514 ​ $ 478 Lease liabilities (accrued expenses and other liabilities) ​ 523 ​ 484 ​ ​ ​ ​ ​ ​ ​ Financing Leases: ​ ​ ​ ​ Right-of-use assets (property, plant and equipment, net) ​ 46 ​ 48 Lease liabilities (debt) ​ 63 ​ 64 ​
Operating lease term and discount rate	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Right-Of-Use Lease ​ Discount Operating Leases as of March 31, 2023 ​ Assets ​ Liabilities ​ Lease Term ​ Rate ​ ​ (in millions) ​ ​ ​ ​ ​ Energy ​ $ 41 ​ $ 41 ​ 4.0 years ​ 5.4% ​ Automotive ​ 421 ​ 434 5.4 years 5.9% ​ Food Packaging ​ 24 ​ 27 10 years 7.4% ​ Other segments and Holding Company ​ 28 ​ 21 ​ ​ ​ $ 514 ​ $ 523 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Right-Of-Use Lease ​ Discount ​ Operating Leases as of December 31, 2022 ​ Assets ​ Liabilities ​ Lease Term ​ Rate ​ ​ ​ (in millions) ​ ​ ​ ​ ​ Energy ​ $ 40 ​ $ 40 ​ 4.1 years ​ 5.2% ​ Automotive ​ 386 ​ 395 4.7 years 5.9% ​ Food Packaging ​ 24 ​ 27 9.8 years 7.4% ​ Other segments and Holding Company ​ 28 ​ 22 ​ ​ ​ $ 478 ​ $ 484 ​ ​ ​ ​ ​ ​

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2023 2022 ​ ​ (in millions) Holding Company: ​ ​ ​ ​ 4.750% senior unsecured notes due 2024 ​ $ 1,103 ​ $ 1,103 6.375% senior unsecured notes due 2025 ​ 749 ​ 749 6.250% senior unsecured notes due 2026 ​ 1,250 ​ 1,250 5.250% senior unsecured notes due 2027 ​ 1,460 ​ 1,460 4.375% senior unsecured notes due 2029 ​ ​ 747 ​ ​ 747 ​ ​ 5,309 ​ 5,309 Reporting Segments: ​ ​ ​ ​ ​ ​ Energy ​ 1,590 ​ 1,591 Automotive ​ 18 ​ 21 Food Packaging ​ 164 ​ 162 Real Estate ​ 1 ​ 1 Home Fashion ​ 9 ​ 12 ​ ​ 1,782 ​ 1,787 Total Debt ​ $ 7,091 ​ $ 7,096 ​

Net Income Per LP Unit (Tables)

Net Income Per LP Unit (Tables)	3 Months Ended
	Mar. 31, 2023
Net Income Per LP Unit [Abstract]
Net Income Per LP Unit	​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ 2023 2022 ​ ​ ​ ​ ​ ​ ​ Net (loss) income attributable to Icahn Enterprises ​ $ (270) $ 323 Net (loss) income attributable to Icahn Enterprises allocated to limited partners (98.01% allocation) ​ $ (265) ​ $ 317 ​ ​ ​ ​ ​ ​ ​ Basic (loss) income per LP unit: ​ $ (0.75) ​ $ 1.08 Basic weighted average LP units outstanding ​ ​ 354 ​ ​ 294 ​ ​ ​ ​ ​ ​ ​ Diluted (loss) income per LP unit: ​ $ (0.75) ​ $ 1.06 Diluted weighted average LP units outstanding (1) ​ 354 ​ 299 ​ ​ ​ ​ ​ ​ ​ (1) Excludes the weighted average potential dividend distribution of 5,741,711 units as of March 31, 2023 because their effect was antidilutive.

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Schedule of Condensed Income Statement by Segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Condensed Statements of Operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2023 ​ Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated ​ ​ (in millions) Revenues: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ — ​ $ 2,286 ​ $ 287 ​ $ 118 ​ $ 7 ​ $ 40 ​ $ 20 ​ $ — ​ $ 2,758 Other revenues from operations ​ — ​ — ​ 170 ​ — ​ 16 ​ — ​ 1 ​ — ​ 187 Net loss from investment activities ​ (443) ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ (443) Interest and dividend income ​ 144 ​ 5 ​ — ​ — ​ — ​ — ​ — ​ 22 ​ 171 Other (loss) income, net ​ (28) ​ 3 ​ — ​ (7) ​ — ​ — ​ — ​ — ​ (32) ​ ​ (327) ​ 2,294 ​ 457 ​ 111 ​ 23 ​ 40 ​ 21 ​ 22 ​ 2,641 Expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost of goods sold ​ — ​ 1,926 ​ 193 ​ 91 ​ 6 ​ 32 ​ 12 ​ — ​ 2,260 Other expenses from operations ​ — ​ — ​ 145 ​ — ​ 13 ​ — ​ — ​ — ​ 158 Selling, general and administrative ​ 3 ​ 46 ​ 132 ​ 14 ​ 4 ​ 10 ​ 13 ​ 7 ​ 229 Loss on deconsolidation of subsidiary ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 226 ​ ​ 226 Interest expense ​ 45 ​ 23 ​ — ​ 3 ​ — ​ — ​ — ​ 71 ​ 142 ​ ​ 48 ​ 1,995 ​ 470 ​ 108 ​ 23 ​ 42 ​ 25 ​ 304 ​ 3,015 (Loss) before income tax benefit (expense) ​ (375) ​ 299 ​ (13) ​ 3 ​ — ​ (2) ​ (4) ​ (282) ​ (374) Income tax (expense) benefit ​ — ​ (52) ​ — ​ 4 ​ — ​ — ​ — ​ 64 ​ 16 Net (loss) income ​ (375) ​ 247 ​ (13) ​ 7 ​ — ​ (2) ​ (4) ​ (218) ​ (358) Less: net (loss) income attributable to non-controlling interests ​ (204) ​ 115 ​ — ​ 1 ​ — ​ — ​ — ​ — ​ (88) Net (loss) income attributable to Icahn Enterprises ​ $ (171) ​ $ 132 ​ $ (13) ​ $ 6 ​ $ — ​ $ (2) ​ $ (4) ​ $ (218) ​ $ (270) Supplemental information: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ $ — ​ $ 44 ​ $ 10 ​ $ 2 ​ $ 2 ​ $ — ​ $ — ​ $ — ​ $ 58 Depreciation and amortization ​ $ — ​ $ 84 ​ $ 19 ​ $ 7 ​ $ 3 ​ $ 2 ​ $ 7 ​ $ — ​ $ 122 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2022 ​ Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated ​ ​ (in millions) ​ ​ Revenues: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ — ​ $ 2,373 ​ $ 407 ​ $ 101 ​ $ 17 ​ $ 55 ​ $ 15 ​ $ — ​ $ 2,968 Other revenues from operations ​ — ​ — ​ 156 ​ — ​ 11 ​ — ​ 1 ​ — ​ 168 Net gain from investment activities ​ 908 ​ — ​ — ​ — ​ — ​ — ​ — ​ 31 ​ 939 Interest and dividend income ​ 40 ​ — ​ — ​ — ​ — ​ — ​ — ​ 2 ​ 42 Other (loss) income, net ​ (17) ​ (10) ​ 2 ​ 1 ​ — ​ — ​ 1 ​ (1) ​ (24) ​ ​ 931 ​ 2,363 ​ 565 ​ 102 ​ 28 ​ 55 ​ 17 ​ 32 ​ 4,093 Expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost of goods sold ​ — ​ 2,123 ​ 267 ​ 81 ​ 10 ​ 45 ​ 12 ​ — ​ 2,538 Other expenses from operations ​ — ​ — ​ 126 ​ — ​ 11 ​ ​ ​ — ​ — ​ 137 Selling, general and administrative ​ 4 ​ 45 ​ 208 ​ 13 ​ 4 ​ 11 ​ 10 ​ 6 ​ 301 Interest expense ​ 32 ​ 24 ​ 1 ​ 1 ​ — ​ — ​ — ​ 76 ​ 134 ​ ​ 36 ​ 2,192 ​ 602 ​ 95 ​ 25 ​ 56 ​ 22 ​ 82 ​ 3,110 Income (loss) before income tax benefit (expense) ​ 895 ​ 171 ​ (37) ​ 7 ​ 3 ​ (1) ​ (5) ​ (50) ​ 983 Income tax (expense) benefit ​ — ​ (30) ​ 9 ​ (1) ​ — ​ — ​ — ​ (76) ​ (98) Net income (loss) ​ 895 ​ 141 ​ (28) ​ 6 ​ 3 ​ (1) ​ (5) ​ (126) ​ 885 Less: net income attributable to non-controlling interests ​ 481 ​ 80 ​ — ​ 1 ​ — ​ — ​ — ​ — ​ 562 Net income (loss) attributable to Icahn Enterprises ​ $ 414 ​ $ 61 ​ $ (28) ​ $ 5 ​ $ 3 ​ $ (1) ​ $ (5) ​ $ (126) ​ $ 323 Supplemental information: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ $ — ​ $ 26 ​ $ 21 ​ $ 4 ​ $ 4 ​ $ — ​ $ — ​ $ — ​ $ 55 Depreciation and amortization ​ $ — ​ $ 83 ​ $ 20 ​ $ 7 ​ $ 3 ​ $ 2 ​ $ 7 ​ $ — ​ $ 122 ​
Schedule of Condensed Financial Statements by Segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ ​ Investment ​ Energy ​ Automotive ​ Food Packaging ​ Real Estate ​ Home Fashion ​ Pharma ​ Holding Company ​ Consolidated ​ ​ (in millions) ASSETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 22 ​ $ 601 ​ $ 34 ​ $ 13 ​ $ 41 ​ $ 6 ​ $ 23 ​ $ 1,868 ​ $ 2,608 Cash held at consolidated affiliated partnerships and restricted cash ​ 2,384 ​ 7 ​ 9 ​ — ​ 7 ​ 3 ​ — ​ 71 ​ 2,481 Investments ​ 6,520 ​ 103 ​ — ​ — ​ 14 ​ — ​ — ​ — ​ 6,637 Accounts receivable, net ​ — ​ 330 ​ 53 ​ 86 ​ 12 ​ 24 ​ 22 ​ — ​ 527 Inventories, net ​ — ​ 609 ​ 256 ​ 112 ​ — ​ 93 ​ 27 ​ — ​ 1,097 Related party notes receivable, net ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 207 ​ ​ 207 Property, plant and equipment, net ​ — ​ 2,647 ​ 797 ​ 139 ​ 343 ​ 55 ​ — ​ 5 ​ 3,986 Goodwill and intangible assets, net ​ — ​ 195 ​ 348 ​ 24 ​ — ​ 19 ​ 219 ​ — ​ 805 Other assets ​ 6,716 ​ 316 ​ 472 ​ 104 ​ 103 ​ 16 ​ 6 ​ 188 ​ 7,921 Total assets ​ $ 15,642 ​ $ 4,808 ​ $ 1,969 ​ $ 478 ​ $ 520 ​ $ 216 ​ $ 297 ​ $ 2,339 ​ $ 26,269 LIABILITIES AND EQUITY ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable, accrued expenses and other liabilities ​ $ 1,293 ​ $ 1,771 ​ $ 838 ​ $ 139 ​ $ 58 ​ $ 46 ​ $ 60 ​ $ 823 ​ $ 5,028 Securities sold, not yet purchased, at fair value ​ 5,654 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 5,654 Debt ​ — ​ 1,590 ​ 18 ​ 164 ​ 1 ​ 9 ​ — ​ 5,309 ​ 7,091 Total liabilities ​ 6,947 ​ 3,361 ​ 856 ​ 303 ​ 59 ​ 55 ​ 60 ​ 6,132 ​ 17,773 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity attributable to Icahn Enterprises ​ 4,013 ​ 744 ​ 1,113 ​ 159 ​ 457 ​ 161 ​ 237 ​ (3,793) ​ 3,091 Equity attributable to non-controlling interests ​ 4,682 ​ 703 ​ — ​ 16 ​ 4 ​ — ​ — ​ — ​ 5,405 Total equity ​ 8,695 ​ 1,447 ​ 1,113 ​ 175 ​ 461 ​ 161 ​ 237 ​ (3,793) ​ 8,496 Total liabilities and equity ​ $ 15,642 ​ $ 4,808 ​ $ 1,969 ​ $ 478 ​ $ 520 ​ $ 216 ​ $ 297 ​ $ 2,339 ​ $ 26,269 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ Investment ​ Energy ​ Automotive ​ Food Packaging ​ Real Estate ​ Home Fashion ​ Pharma ​ Holding Company ​ Consolidated ​ ​ (in millions) ASSETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 19 ​ $ 510 ​ $ 32 ​ $ 9 ​ $ 26 ​ $ 5 ​ $ 16 ​ $ 1,720 ​ $ 2,337 Cash held at consolidated affiliated partnerships and restricted cash ​ 2,455 ​ 7 ​ 10 ​ — ​ 8 ​ 3 ​ — ​ 66 ​ 2,549 Investments ​ 6,719 ​ 76 ​ — ​ — ​ 14 ​ — ​ — ​ — ​ 6,809 Accounts receivable, net ​ — ​ 358 ​ 99 ​ 87 ​ 12 ​ 24 ​ 26 ​ — ​ 606 Inventories, net ​ — ​ 624 ​ 686 ​ 103 ​ — ​ 90 ​ 28 ​ — ​ 1,531 Property, plant and equipment, net ​ — ​ 2,664 ​ 826 ​ 142 ​ 345 ​ 56 ​ — ​ 5 ​ 4,038 Goodwill and intangible assets, net ​ — ​ 200 ​ 352 ​ 24 ​ — ​ 19 ​ 226 ​ — ​ 821 Other assets ​ 8,041 ​ 296 ​ 527 ​ 110 ​ 102 ​ 16 ​ 6 ​ 125 ​ 9,223 Total assets ​ $ 17,234 ​ $ 4,735 ​ $ 2,532 ​ $ 475 ​ $ 507 ​ $ 213 ​ $ 302 ​ $ 1,916 ​ $ 27,914 LIABILITIES AND EQUITY ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable, accrued expenses and other liabilities ​ $ 1,589 ​ $ 1,823 ​ $ 981 ​ $ 149 ​ $ 47 ​ $ 45 ​ $ 61 ​ $ 70 ​ $ 4,765 Securities sold, not yet purchased, at fair value ​ 6,495 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 6,495 Debt ​ — ​ 1,591 ​ 21 ​ 162 ​ 1 ​ 12 ​ — ​ 5,309 ​ 7,096 Total liabilities ​ 8,084 ​ 3,414 ​ 1,002 ​ 311 ​ 48 ​ 57 ​ 61 ​ 5,379 ​ 18,356 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity attributable to Icahn Enterprises ​ 4,184 ​ 648 ​ 1,530 ​ 149 ​ 455 ​ 156 ​ 241 ​ (3,463) ​ 3,900 Equity attributable to non-controlling interests ​ 4,966 ​ 673 ​ — ​ 15 ​ 4 ​ — ​ — ​ — ​ 5,658 Total equity ​ 9,150 ​ 1,321 ​ 1,530 ​ 164 ​ 459 ​ 156 ​ 241 ​ (3,463) ​ 9,558 Total liabilities and equity ​ $ 17,234 ​ $ 4,735 ​ $ 2,532 ​ $ 475 ​ $ 507 ​ $ 213 ​ $ 302 ​ $ 1,916 ​ $ 27,914
Energy Segment
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ 2023 2022 ​ ​ ​ ​ ​ ​ ​ Petroleum products ​ $ 2,060 ​ $ 2,150 Nitrogen fertilizer products ​ 226 ​ 223 ​ ​ $ 2,286 ​ $ 2,373 ​
Automotive Segment
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ 2023 2022 ​ ​ ​ ​ ​ ​ ​ Automotive services ​ $ 369 ​ $ 353 Aftermarket parts sales ​ 72 ​ 201 ​ ​ $ 441 ​ $ 554 ​

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2023
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, 2022 ​ $ (45) ​ $ (25) ​ $ (70) Other comprehensive (loss) income before reclassifications, net of tax ​ 4 ​ — ​ 4 Other comprehensive (loss) income, net of tax ​ 4 ​ — ​ 4 Balance, March 31, 2023 ​ $ (41) ​ $ (25) ​ $ (66)

Other (Loss) Income, Net (Table

Other (Loss) Income, Net (Tables)	3 Months Ended
	Mar. 31, 2023
Other (Loss) Income, Net [Abstract]
Schedule of other income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ 2023 2022 ​ ​ ​ ​ ​ ​ ​ Dividend expense ​ $ (28) ​ $ (17) Equity earnings from non-consolidated affiliates ​ ​ 2 ​ ​ 2 Gain on disposition of assets, net ​ ​ — ​ ​ 2 Foreign currency transaction gain ​ — ​ 1 Loss on extinguishment of debt, net ​ — ​ (2) Other ​ (6) ​ (10) ​ ​ $ (32) ​ $ (24)

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	3 Months Ended
	Mar. 31, 2023
Supplemental Cash Flow Information [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ 2023 2022 ​ ​ (in millions) Cash payments for interest ​ $ (83) ​ $ (98) Cash (payments) receipts for income taxes, net of payments ​ (5) ​ 1 Partnership contributions receivable ​ 6 ​ — Non-cash Investment segment distributions to non-controlling interests ​ ​ (2) ​ ​ — Partnership distributions payable ​ (724) ​ (603) Non-cash recognition of the related party note receivable ​ 188 ​ —

Description of Business (Detail

Description of Business (Details) $ in Billions		3 Months Ended
	Nov. 21, 2022	Mar. 31, 2023 USD ($) product item	Dec. 31, 2022 USD ($)
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		84%
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%	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		90%
Investment Funds
Description of Business [Line Items]
Fair value of investment in subsidiary | $		$ 4	$ 4.2
CVR Partners | CVR Energy
Description of Business [Line Items]
Percentage of equity ownership in operating subsidiary		100%
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	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Accounting Policies [Line Items]
Debt	$ 7,091		$ 7,096
Fair value of long-term debt	6,500		6,600
Restricted cash	2,481		2,549
Deferred tax credit	46
Accumulated other comprehensive loss	$ 66		70
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	$ 568		1,019
Restricted cash
Accounting Policies [Line Items]
Restricted cash	1,913		1,530
Energy Segment
Accounting Policies [Line Items]
Debt	1,590		1,591
Restricted cash	7		7
Remaining performance obligation for contracts with an original expected duration of more than one year	3
Deferred revenue	83		48
Recorded revenue	12	$ 17
Automotive Segment
Accounting Policies [Line Items]
Debt	18		21
Restricted cash	9		$ 10
Deferred revenue	44
Recorded revenue	$ 6	$ 6

Subsidiary Bankruptcy and Dec_2

Subsidiary Bankruptcy and Deconsolidation (Details) $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)
Related Party Transaction [Line Items]
Non cash charge	$ 226
Notes receivable	207
Deconsolidation of Investment in Auto Plus
Related Party Transaction [Line Items]
Equity investments, Fair value	0
Notes receivable	$ 188

Related Party Transactions (Det

Related Party Transactions (Details) $ in Millions		3 Months Ended		12 Months Ended
	Oct. 01, 2022	Mar. 31, 2023 USD ($) item	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)	Jan. 31, 2023 USD ($)
Related Party Transaction
Number of Portfolios | item		2
Notes receivable		$ 207
Mr. Icahn and affiliates
Related Party Transaction
Percentage of assets under management		53%		54%
Noncontrolling Interest in Variable Interest Entity		$ 4,600		$ 4,900
Brett Icahn
Related Party Transaction
Portfolio Manager Term	7 years	7 years
Number Of Lump Sum Payments After Term | item		1
Investment in funds | Mr. Icahn and affiliates
Related Party Transaction
Redemption of investment funds		$ 80	$ 0
Expense sharing arrangement | Consolidated VIE
Related Party Transaction
Amount of transaction with related party		3	$ 3
Notes Receivable From Auto Plus | Auto Plus
Related Party Transaction
Notes receivable		189
Debtor in Possession Financing | Auto Plus
Related Party Transaction
Aggregate amount					$ 75
Amount funded		18
Brett Icahn
Related Party Transaction
Investment funds total fair value		$ 49		$ 50

Investments - Investment Segmen

Investments - Investment Segment (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Schedule of Investments
Investments	$ 6,637		$ 6,809
Securities sold, not yet purchased, at fair value	5,654		6,495
Total Assets	26,269		27,914
Total liabilities	17,773		18,356
Net sales	2,758	$ 2,968
Cost of goods sold	2,260	2,538
Net (loss) income	(358)	885
Net (loss) income attributable to investee shareholders	(270)	323
Investment Segment
Schedule of Investments
Investments	6,520		6,719
Securities sold, not yet purchased, at fair value	5,654		6,495
Portion of unrealized (losses) gains that relates to equity and debt securities still held	(208)	403
Total Assets	15,642		17,234
Total liabilities	6,947		8,084
Net sales	0	0
Cost of goods sold	0	$ 0
Investment Segment | Equity securities
Schedule of Investments
Investments	4,361		4,619
Securities sold, not yet purchased, at fair value	5,477		6,326
Investment Segment | Debt securities
Schedule of Investments
Investments	2,159		2,100
Securities sold, not yet purchased, at fair value	177		169
Investment Segment | Communication
Schedule of Investments
Equity securities	132		199
Debt Securities	45		11
Investment Segment | Consumer, non-cyclical
Schedule of Investments
Securities sold, not yet purchased, at fair value	889		1,006
Investment Segment | Consumer, cyclical
Schedule of Investments
Equity securities	590		692
Securities sold, not yet purchased, at fair value	288		352
Investment Segment | Energy
Schedule of Investments
Equity securities	903		909
Securities sold, not yet purchased, at fair value	2,193		2,690
Investment Segment | Utilities
Schedule of Investments
Equity securities	1,417		1,205
Securities sold, not yet purchased, at fair value	788		813
Investment Segment | Healthcares
Schedule of Investments
Equity securities	490		320
Securities sold, not yet purchased, at fair value	417		387
Investment Segment | Financial
Schedule of Investments
Debt Securities	1,968		1,958
Investment Segment | Technology
Schedule of Investments
Equity securities	658		655
Investment Segment | Materials
Schedule of Investments
Equity securities	145		153
Securities sold, not yet purchased, at fair value	736		598
Investment Segment | Industrial
Schedule of Investments
Equity securities	26		486
Securities sold, not yet purchased, at fair value	166		480
Investment Segment | Real Estate
Schedule of Investments
Debt Securities	$ 146		$ 131

Investments - Other Segments an

Investments - Other Segments and Holding Company (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Schedule of Investments
Investments	$ 6,637		$ 6,809
Other Segments and Holding Company
Schedule of Investments
Investments	117		90
Portion of unrealized (losses) gains that relates to equity securities still held	0	$ 58
Equity method investments | Other Segments and Holding Company
Schedule of Investments
Investments	103		76
Other investments | Other Segments and Holding Company
Schedule of Investments
Investments	$ 14		$ 14

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Measurement (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Assets
Derivative contracts, at fair value (asset)	$ 363	$ 812
Liabilities
Securities sold, not yet purchased, at fair value	5,654	6,495
Derivative contracts, at fair value (liability)	608	691
Estimated fair value	46
Recurring measurement
Assets
Investments	6,523	6,722
Derivative contracts, at fair value (asset)	363	812
Assets, Fair Value Disclosure	6,886	7,534
Liabilities
Securities sold, not yet purchased, at fair value	5,654	6,495
Derivative contracts, at fair value (liability)	608	691
Other liabilities	582	692
Financial and Nonfinancial Liabilities, Fair Value Disclosure	6,844	7,878
Recurring measurement | Level 1
Assets
Investments	5,291	5,538
Assets, Fair Value Disclosure	5,291	5,538
Liabilities
Securities sold, not yet purchased, at fair value	5,477	6,326
Financial and Nonfinancial Liabilities, Fair Value Disclosure	5,477	6,326
Recurring measurement | Level 2
Assets
Investments	1,190	1,142
Derivative contracts, at fair value (asset)	363	812
Assets, Fair Value Disclosure	1,553	1,954
Liabilities
Securities sold, not yet purchased, at fair value	177	169
Derivative contracts, at fair value (liability)	608	691
Other liabilities	582	692
Financial and Nonfinancial Liabilities, Fair Value Disclosure	1,367	1,552
Recurring measurement | Level 3
Assets
Investments	42	42
Assets, Fair Value Disclosure	$ 42	$ 42

Financial Instruments - Derivat

Financial Instruments - Derivative Activities Table (Details) - USD ($) $ in Millions		Mar. 31, 2023	Dec. 31, 2022
Commodity Contract | CVR Energy
Primary underlying risk:
Short notional amount of credit default swap positions		$ 15
Investment Segment | Equity Contract
Primary underlying risk:
Long Notional Exposure		2,419	$ 1,816
Short Notional Exposure		5,732	5,354
Investment Segment | Credit Risk Contract
Primary underlying risk:
Long Notional Exposure	[1]	0	0
Short Notional Exposure	[1]	795	945
Investment Segment | Commodity Contract
Primary underlying risk:
Long Notional Exposure		0	0
Short Notional Exposure		21	22
Investment Segment | Credit Default Swap
Primary underlying risk:
Short Notional Exposure		0
Short notional amount of credit default swap positions		$ 3,200	$ 3,500
[1] The short notional amount on our credit default swap positions was approximately $3.2 billion and $3.5 billion at March 31, 2023 and December 31, 2022, respectively. However, because credit spreads cannot compress below zero , our downside short notional exposure to loss is approximately $0.8 billion and $0.9 billion as of

Financial Instruments - Deriv_2

Financial Instruments - Derivatives Not Designated as Hedging, Fair Value Table (Details) - USD ($) $ in Millions		Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Derivatives Not Designated as Hedging Instruments, Fair Value
Unrealized Gain On Derivative Contracts		$ 363	$ 812
Derivative contracts, at fair value (liability)		608	691
Not designated as hedging instrument | Credit Risk Contract
Derivatives Not Designated as Hedging Instruments, Fair Value
Derivative, Fair Value, Amount Offset Against Collateral, Net	[1]	36		$ (285)
Not designated as hedging instrument | Commodity Contract
Derivatives Not Designated as Hedging Instruments, Fair Value
Derivative, Fair Value, Amount Offset Against Collateral, Net		1
Investment Segment
Derivatives Not Designated as Hedging Instruments, Fair Value
Collateral for derivative positions		1,816	1,436
Investment Segment | Not designated as hedging instrument | Other assets [Member]
Derivatives Not Designated as Hedging Instruments, Fair Value
Asset derivatives, Gross		468	839
Derivative, Fair Value, Amount Offset Against Collateral, Net	[2]	(134)	(34)
Unrealized Gain On Derivative Contracts	[2]	334	805
Investment Segment | Not designated as hedging instrument | Accrued expenses and other liabilities
Derivatives Not Designated as Hedging Instruments, Fair Value
Liability derivatives, Gross		741	721
Derivative, Fair Value, Amount Offset Against Collateral, Net	[2]	(134)	(34)
Derivative contracts, at fair value (liability)	[2]	607	687
Investment Segment | Not designated as hedging instrument | Equity Contract | Other assets [Member]
Derivatives Not Designated as Hedging Instruments, Fair Value
Asset derivatives, Gross		134	392
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		740	719
Investment Segment | Not designated as hedging instrument | Credit Risk Contract | Other assets [Member]
Derivatives Not Designated as Hedging Instruments, Fair Value
Asset derivatives, Gross		334	447
Investment Segment | Not designated as hedging instrument | Credit Risk Contract | Accrued expenses and other liabilities
Derivatives Not Designated as Hedging Instruments, Fair Value
Liability derivatives, Gross		1	1
Investment Segment | Not designated as hedging instrument | Commodity Contract
Derivatives Not Designated as Hedging Instruments, Fair Value
Liability derivatives, Gross			1
Energy Segment
Derivatives Not Designated as Hedging Instruments, Fair Value
Liability derivatives, Gross		2	1
Unrealized Gain On Derivative Contracts		29
Derivative contracts, at fair value (liability)		(1)	(4)
Energy Segment | Commodity Contract
Derivatives Not Designated as Hedging Instruments, Fair Value
Asset derivatives, Gross		29
Liability derivatives, Gross		$ (3)	$ (5)
[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. Excludes netting of cash collateral received and posted. The total collateral posted at March 31, 2023 and December 31, 2022 was $1,816 million and $1,436 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
		Mar. 31, 2023	Mar. 31, 2022
Net gain (loss) from investment activities
Derivative
Gain (loss) on derivatives not designated as hedging instruments recognized in income	[1]	$ (247)	$ (195)
Equity Contract
Derivative
Gain (loss) on derivatives not designated as hedging instruments recognized in income	[1]	$ (284)	$ 90
[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 - Energy

Financial Instruments - Energy segments derivatives (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Collateral for derivative positions	$ 13	$ 7
Energy Segment
Derivative [Line Items]
Liability derivatives, Gross	2	1
Commodity Contract | Energy Segment
Derivative [Line Items]
Asset derivatives, Gross	29
Liability derivatives, Gross	$ (3)	$ (5)

Financial Instruments - Narrati

Financial Instruments - Narrative (Details) bbl in Millions		3 Months Ended
		Mar. 31, 2023 USD ($) bbl	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($) bbl
Derivatives, Fair Value
Unrealized Gain On Derivative Contracts		$ 363,000,000		$ 812,000,000
Deconsolidation of Investment in Auto Plus
Derivatives, Fair Value
Equity investments, Fair value		0
Investment Segment
Derivatives, Fair Value
Fair value of derivative instruments with credit risk related contingent features in a liability position		0		0
Investment Segment | Not designated as hedging instrument | Other assets [Member]
Derivatives, Fair Value
Unrealized Gain On Derivative Contracts	[1]	334,000,000		$ 805,000,000
Energy Segment
Derivatives, Fair Value
Unrealized Gain On Derivative Contracts		29,000,000
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		$ 45,000,000	$ 2,000,000
Forward Contracts | Energy Segment | Not designated as hedging instrument
Derivatives, Fair Value
Derivative, Number of Instruments Held | bbl		43		34
[1] Excludes netting of cash collateral received and posted. The total collateral posted at March 31, 2023 and December 31, 2022 was $1,816 million and $1,436 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	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Inventory [Line Items]
Raw materials	$ 350	$ 335
Work in process	117	105
Finished goods	630	1,091
Inventories, net	1,097	1,531
Automotive Segment
Inventory [Line Items]
Inventories, net	256	$ 686
Inventory write-down	$ 440

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, Net - Goodwill Table (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Goodwill
Gross carrying amount of goodwill	$ 378	$ 378
Accumulated impairment of goodwill	(90)	(90)
Goodwill	288	288
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	22	22
Accumulated impairment of goodwill	(3)	(3)
Goodwill	19	19
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	Mar. 31, 2023	Dec. 31, 2022
Definite-lived intangible assets:
Gross Carrying Amount	$ 813	$ 814
Accumulated Amortization	(379)	(364)
Net Carrying Value	434	450
Indefinite-lived intangible assets	83	83
Intangible assets, net	517	533
Customer Relationships
Definite-lived intangible assets:
Gross Carrying Amount	392	393
Accumulated Amortization	(217)	(212)
Net Carrying Value	175	181
Developed Technology
Definite-lived intangible assets:
Gross Carrying Amount	254	254
Accumulated Amortization	(69)	(62)
Net Carrying Value	185	192
Unclassified Indefinite-lived Intangible Assets
Definite-lived intangible assets:
Gross Carrying Amount	167	167
Accumulated Amortization	(93)	(90)
Net Carrying Value	$ 74	$ 77

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets, Net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Goodwill and Intangible Assets, Net
Amortization expense associated with definite-lived intangible assets	$ 15	$ 14

Leases (Details)

Leases (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Leases [Line Items]
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets		Other Assets
Operating lease right-of-use asset	$ 514		$ 478
Operating lease liability	$ 523		$ 484
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Accrued Liabilities		Accrued Liabilities
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets		Other Assets
Finance lease right-of-use asset	$ 46		$ 48
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities		Accrued Liabilities
Finance Lease, Liability	$ 63		$ 64
Operating Lease, Expense	41	$ 47
Finance Lease, Right-of-Use Asset, Amortization	1	3
Finance Lease, Interest Expense	1	1
Property, plant and equipment, net	3,986		4,038
Real Estate Segment
Leases [Line Items]
Operating Lease, Lease Income	5	2
Property, plant and equipment, net	343		345
Real Estate Segment | Real estate assets leased to others
Leases [Line Items]
Property, plant and equipment, net	284		252
Energy Segment
Leases [Line Items]
Operating lease right-of-use asset	41		40
Operating lease liability	$ 41		$ 40
Lessee term	4 years		4 years 1 month 6 days
Operating Lease, Weighted Average Discount Rate, Percent	5.40%		5.20%
Property, plant and equipment, net	$ 2,647		$ 2,664
Automotive Segment
Leases [Line Items]
Operating lease right-of-use asset	421		386
Operating lease liability	$ 434		$ 395
Lessee term	5 years 4 months 24 days		4 years 8 months 12 days
Operating Lease, Weighted Average Discount Rate, Percent	5.90%		5.90%
Operating Lease, Expense	$ 33	40
Operating Lease, Lease Income	16	$ 9
Property, plant and equipment, net	797		$ 826
Food Packaging Segment
Leases [Line Items]
Operating lease right-of-use asset	24		24
Operating lease liability	$ 27		$ 27
Lessee term	10 years		9 years 9 months 18 days
Operating Lease, Weighted Average Discount Rate, Percent	7.40%		7.40%
Property, plant and equipment, net	$ 139		$ 142
Other Segments and Holding Company
Leases [Line Items]
Operating lease right-of-use asset	28		28
Operating lease liability	$ 21		$ 22

Debt (Details)

Debt (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Feb. 28, 2022
Debt Instrument [Line Items]
Debt	$ 7,091	$ 7,096
Holding Company
Debt Instrument [Line Items]
Debt	5,309	5,309
Energy Segment
Debt Instrument [Line Items]
Debt	1,590	1,591
Automotive Segment
Debt Instrument [Line Items]
Debt	18	21
Food Packaging Segment
Debt Instrument [Line Items]
Debt	164	162
Real Estate Segment
Debt Instrument [Line Items]
Debt	1	1
Home Fashion Segment
Debt Instrument [Line Items]
Debt	9	12
Reporting Segments
Debt Instrument [Line Items]
Debt	1,782	1,787
6.750% senior unsecured notes due 2024 | Holding Company
Debt Instrument [Line Items]
Interest rate on debt instrument			6.75%
4.750% senior unsecured note due 2024 | Holding Company
Debt Instrument [Line Items]
Debt	$ 1,103	$ 1,103
Interest rate on debt instrument	4.75%	4.75%
6.375% senior unsecured notes due 2025 | Holding Company
Debt Instrument [Line Items]
Debt	$ 749	$ 749
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	$ 1,460
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%	4.375%

Debt - Holding Company Debt (De

Debt - Holding Company Debt (Details) - Holding Company - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Feb. 28, 2022
Debt Instrument [Line Items]
Gain (loss) on extinguishment of debt	$ (1)
6.750% senior unsecured notes due 2024
Debt Instrument [Line Items]
Debt face amount		$ 500
Interest rate on debt instrument		6.75%

Debt - Non-Cash Charges to Inte

Debt - Non-Cash Charges to Interest Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Debt Instrument [Line Items]
Amortization of deferred financing costs and debt discounts and premiums		$ 1
Maximum
Debt Instrument [Line Items]
Amortization of deferred financing costs and debt discounts and premiums	$ 1

Net Income Per LP Unit (Details

Net Income Per LP Unit (Details) - USD ($) $ / shares in Units, $ in Millions		1 Months Ended	3 Months Ended
	Feb. 22, 2023	Apr. 30, 2023	Mar. 31, 2023	Mar. 31, 2022
Net Income Per LP Unit [Line Items]
Net (loss) income attributable to Icahn Enterprises			$ (270)	$ 323
Net (loss) income attributable to Icahn Enterprises allocated to limited partners (98.01% allocation)			$ (265)	$ 317
Basic (loss) income per LP unit			$ (0.75)	$ 1.08
Basic weighted average LP units outstanding			354,000,000	294,000,000
Diluted (loss) income per LP unit			$ (0.75)	$ 1.06
Diluted weighted average LP units outstanding			354,000,000	299,000,000
Aggregate cash distributions to depositary unit holders		$ 70
Unit distribution liability			$ 724
Partners' Capital Account, Units, Sale of Units			3,395,353
Proceeds from Sale of Interest in Partnership Unit			$ 175
Potential aggregate sales proceeds from equity offering			$ 149
Antidilutive securities excluded from computation of earnings per share			5,741,711
Limited partners
Net Income Per LP Unit [Line Items]
Distribution declared per LP unit	$ 2
Units distributed to LP unitholders		12,224,701
Mr. Icahn and affiliates
Net Income Per LP Unit [Line Items]
Units distributed to LP unitholders		11,480,036
Icahn Enterprises Holdings LP
Net Income 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
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	$ 2,758	$ 2,968
Other revenues from operations	187	168
Net (loss) gain from investment activities	(443)	939
Interest and dividend income	171	42
Other (loss) income, net	(32)	(24)
Total revenues	2,641	4,093
Cost of goods sold	2,260	2,538
Other expenses from operations	158	137
Selling, general and administrative	229	301
Loss on deconsolidation of subsidiary	226
Interest expense	142	134
Total Expenses	3,015	3,110
Income (loss) before income tax benefit (expense)	(374)	983
Income tax (expense) benefit	16	(98)
Net (loss) income	(358)	885
Less: net (loss) income from continuing operations attributable to non-controlling interests	(88)	562
Net (loss) income from continuing operations attributable to Icahn Enterprises	(270)	323
Capital expenditures	58	55
Depreciation and amortization	122	122
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	(443)	908
Interest and dividend income	144	40
Other (loss) income, net	(28)	(17)
Total revenues	(327)	931
Cost of goods sold	0	0
Other expenses from operations	0	0
Selling, general and administrative	3	4
Loss on deconsolidation of subsidiary	0
Interest expense	45	32
Total Expenses	48	36
Income (loss) before income tax benefit (expense)	(375)	895
Income tax (expense) benefit	0	0
Net (loss) income	(375)	895
Less: net (loss) income from continuing operations attributable to non-controlling interests	(204)	481
Net (loss) income from continuing operations attributable to Icahn Enterprises	(171)	414
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	2,286	2,373
Other revenues from operations	0	0
Net (loss) gain from investment activities	0	0
Interest and dividend income	5	0
Other (loss) income, net	3	(10)
Total revenues	2,294	2,363
Cost of goods sold	1,926	2,123
Other expenses from operations	0	0
Selling, general and administrative	46	45
Loss on deconsolidation of subsidiary	0
Interest expense	23	24
Total Expenses	1,995	2,192
Income (loss) before income tax benefit (expense)	299	171
Income tax (expense) benefit	(52)	(30)
Net (loss) income	247	141
Less: net (loss) income from continuing operations attributable to non-controlling interests	115	80
Net (loss) income from continuing operations attributable to Icahn Enterprises	132	61
Capital expenditures	44	26
Depreciation and amortization	84	83
Automotive Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	287	407
Other revenues from operations	170	156
Net (loss) gain from investment activities	0	0
Interest and dividend income	0	0
Other (loss) income, net	0	2
Total revenues	457	565
Cost of goods sold	193	267
Other expenses from operations	145	126
Selling, general and administrative	132	208
Loss on deconsolidation of subsidiary	0
Interest expense	0	1
Total Expenses	470	602
Income (loss) before income tax benefit (expense)	(13)	(37)
Income tax (expense) benefit	0	9
Net (loss) income	(13)	(28)
Less: net (loss) income from continuing operations attributable to non-controlling interests	0	0
Net (loss) income from continuing operations attributable to Icahn Enterprises	(13)	(28)
Capital expenditures	10	21
Depreciation and amortization	19	20
Food Packaging Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	118	101
Other revenues from operations	0	0
Net (loss) gain from investment activities	0	0
Interest and dividend income	0	0
Other (loss) income, net	(7)	1
Total revenues	111	102
Cost of goods sold	91	81
Other expenses from operations	0	0
Selling, general and administrative	14	13
Loss on deconsolidation of subsidiary	0
Interest expense	3	1
Total Expenses	108	95
Income (loss) before income tax benefit (expense)	3	7
Income tax (expense) benefit	4	(1)
Net (loss) income	7	6
Less: net (loss) income from continuing operations attributable to non-controlling interests	1	1
Net (loss) income from continuing operations attributable to Icahn Enterprises	6	5
Capital expenditures	2	4
Depreciation and amortization	7	7
Real Estate Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	7	17
Other revenues from operations	16	11
Net (loss) gain from investment activities	0	0
Interest and dividend income	0	0
Other (loss) income, net	0	0
Total revenues	23	28
Cost of goods sold	6	10
Other expenses from operations	13	11
Selling, general and administrative	4	4
Loss on deconsolidation of subsidiary	0
Interest expense	0	0
Total Expenses	23	25
Income (loss) before income tax benefit (expense)	0	3
Income tax (expense) benefit	0	0
Net (loss) income	0	3
Less: net (loss) income from continuing operations attributable to non-controlling interests	0	0
Net (loss) income from continuing operations attributable to Icahn Enterprises	0	3
Capital expenditures	2	4
Depreciation and amortization	3	3
Home Fashion Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	40	55
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	0
Total revenues	40	55
Cost of goods sold	32	45
Other expenses from operations	0
Selling, general and administrative	10	11
Loss on deconsolidation of subsidiary	0
Interest expense	0	0
Total Expenses	42	56
Income (loss) before income tax benefit (expense)	(2)	(1)
Income tax (expense) benefit	0	0
Net (loss) income	(2)	(1)
Less: net (loss) income from continuing operations attributable to non-controlling interests	0	0
Net (loss) income from continuing operations attributable to Icahn Enterprises	(2)	(1)
Capital expenditures	0	0
Depreciation and amortization	2	2
Pharma Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	20	15
Other revenues from operations	1	1
Net (loss) gain from investment activities	0	0
Interest and dividend income	0	0
Other (loss) income, net	0	1
Total revenues	21	17
Cost of goods sold	12	12
Other expenses from operations	0	0
Selling, general and administrative	13	10
Loss on deconsolidation of subsidiary	0
Interest expense	0	0
Total Expenses	25	22
Income (loss) before income tax benefit (expense)	(4)	(5)
Income tax (expense) benefit	0	0
Net (loss) income	(4)	(5)
Less: net (loss) income from continuing operations attributable to non-controlling interests	0	0
Net (loss) income from continuing operations attributable to Icahn Enterprises	(4)	(5)
Capital expenditures	0	0
Depreciation and amortization	7	7
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	0	31
Interest and dividend income	22	2
Other (loss) income, net	0	(1)
Total revenues	22	32
Cost of goods sold	0	0
Other expenses from operations	0	0
Selling, general and administrative	7	6
Loss on deconsolidation of subsidiary	226
Interest expense	71	76
Total Expenses	304	82
Income (loss) before income tax benefit (expense)	(282)	(50)
Income tax (expense) benefit	64	(76)
Net (loss) income	(218)	(126)
Less: net (loss) income from continuing operations attributable to non-controlling interests	0	0
Net (loss) income from continuing operations attributable to Icahn Enterprises	(218)	(126)
Capital expenditures	0	0
Depreciation and amortization	$ 0	$ 0

Segment Reporting - Condensed B

Segment Reporting - Condensed Balance Sheets (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	$ 2,608	$ 2,337
Cash held at consolidated affiliated partnerships and restricted cash	2,481	2,549
Investments	6,637	6,809
Accounts receivable, net	527	606
Inventories, net	1,097	1,531
Related party notes receivable, net	207
Property, plant and equipment, net	3,986	4,038
Goodwill and intangible assets, net	805	821
Other assets	7,921	9,223
Total Assets	26,269	27,914
Accounts payable, accrued expenses and other liabilities	5,028	4,765
Securities sold, not yet purchased, at fair value	5,654	6,495
Debt	7,091	7,096
Total liabilities	17,773	18,356
Equity attributable to Icahn Enterprises	3,091	3,900
Equity attributable to non-controlling interests	5,405	5,658
Total equity	8,496	9,558	$ 9,758	$ 9,343
Total Liabilities and Equity	26,269	27,914
Investment Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	22	19
Cash held at consolidated affiliated partnerships and restricted cash	2,384	2,455
Investments	6,520	6,719
Other assets	6,716	8,041
Total Assets	15,642	17,234
Accounts payable, accrued expenses and other liabilities	1,293	1,589
Securities sold, not yet purchased, at fair value	5,654	6,495
Total liabilities	6,947	8,084
Equity attributable to Icahn Enterprises	4,013	4,184
Equity attributable to non-controlling interests	4,682	4,966
Total equity	8,695	9,150
Total Liabilities and Equity	15,642	17,234
Energy Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	601	510
Cash held at consolidated affiliated partnerships and restricted cash	7	7
Investments	103	76
Accounts receivable, net	330	358
Inventories, net	609	624
Property, plant and equipment, net	2,647	2,664
Goodwill and intangible assets, net	195	200
Other assets	316	296
Total Assets	4,808	4,735
Accounts payable, accrued expenses and other liabilities	1,771	1,823
Debt	1,590	1,591
Total liabilities	3,361	3,414
Equity attributable to Icahn Enterprises	744	648
Equity attributable to non-controlling interests	703	673
Total equity	1,447	1,321
Total Liabilities and Equity	4,808	4,735
Automotive Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	34	32
Cash held at consolidated affiliated partnerships and restricted cash	9	10
Accounts receivable, net	53	99
Inventories, net	256	686
Property, plant and equipment, net	797	826
Goodwill and intangible assets, net	348	352
Other assets	472	527
Total Assets	1,969	2,532
Accounts payable, accrued expenses and other liabilities	838	981
Debt	18	21
Total liabilities	856	1,002
Equity attributable to Icahn Enterprises	1,113	1,530
Total equity	1,113	1,530
Total Liabilities and Equity	1,969	2,532
Food Packaging Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	13	9
Accounts receivable, net	86	87
Inventories, net	112	103
Property, plant and equipment, net	139	142
Goodwill and intangible assets, net	24	24
Other assets	104	110
Total Assets	478	475
Accounts payable, accrued expenses and other liabilities	139	149
Debt	164	162
Total liabilities	303	311
Equity attributable to Icahn Enterprises	159	149
Equity attributable to non-controlling interests	16	15
Total equity	175	164
Total Liabilities and Equity	478	475
Real Estate Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	41	26
Cash held at consolidated affiliated partnerships and restricted cash	7	8
Investments	14	14
Accounts receivable, net	12	12
Property, plant and equipment, net	343	345
Other assets	103	102
Total Assets	520	507
Accounts payable, accrued expenses and other liabilities	58	47
Debt	1	1
Total liabilities	59	48
Equity attributable to Icahn Enterprises	457	455
Equity attributable to non-controlling interests	4	4
Total equity	461	459
Total Liabilities and Equity	520	507
Home Fashion Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	6	5
Cash held at consolidated affiliated partnerships and restricted cash	3	3
Accounts receivable, net	24	24
Inventories, net	93	90
Property, plant and equipment, net	55	56
Goodwill and intangible assets, net	19	19
Other assets	16	16
Total Assets	216	213
Accounts payable, accrued expenses and other liabilities	46	45
Debt	9	12
Total liabilities	55	57
Equity attributable to Icahn Enterprises	161	156
Total equity	161	156
Total Liabilities and Equity	216	213
Pharma Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	23	16
Accounts receivable, net	22	26
Inventories, net	27	28
Goodwill and intangible assets, net	219	226
Other assets	6	6
Total Assets	297	302
Accounts payable, accrued expenses and other liabilities	60	61
Total liabilities	60	61
Equity attributable to Icahn Enterprises	237	241
Total equity	237	241
Total Liabilities and Equity	297	302
Holding Company
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	1,868	1,720
Cash held at consolidated affiliated partnerships and restricted cash	71	66
Related party notes receivable, net	207
Property, plant and equipment, net	5	5
Other assets	188	125
Total Assets	2,339	1,916
Accounts payable, accrued expenses and other liabilities	823	70
Debt	5,309	5,309
Total liabilities	6,132	5,379
Equity attributable to Icahn Enterprises	(3,793)	(3,463)
Total equity	(3,793)	(3,463)
Total Liabilities and Equity	$ 2,339	$ 1,916

Segment Reporting - Disaggregat

Segment Reporting - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Energy Segment
Disaggregation of Revenue [Line Items]
Disaggregated revenue	$ 2,286	$ 2,373
Automotive Segment
Disaggregation of Revenue [Line Items]
Disaggregated revenue	441	554
Petroleum products | Energy Segment
Disaggregation of Revenue [Line Items]
Disaggregated revenue	2,060	2,150
Nitrogen fertilizer products | Energy Segment
Disaggregation of Revenue [Line Items]
Disaggregated revenue	226	223
Automotive services | Automotive Segment
Disaggregation of Revenue [Line Items]
Disaggregated revenue	369	353
Aftermarket parts sales
Disaggregation of Revenue [Line Items]
Disaggregated revenue	$ 72	$ 201

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income tax expense	$ (16)	$ 98
Income (loss) before income tax benefit (expense)	$ (374)	$ 983
Effective income tax rate	4.30%	10%
Statutory federal income tax rate	21%	21%

Changes in Accumulated Other _3

Changes in Accumulated Other Comprehensive Loss (Details) $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)
Changes in Accumulated Other Comprehensive Loss [Abstract]
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax, Beginning Balance	$ (45)
Accumulated Other Comprehensive Income (Loss), Defined Benefit Plan, Net of Tax, Beginning Balance	(25)
Accumulated Other Comprehensive Loss, Beginning Balance	(70)
Other comprehensive income (loss), foreign currency translation adjustments, before reclassification adjustment, net of tax	4
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	4
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Total	4
Post-employment benefits
Other comprehensive income, net of tax	4
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax, Ending Balance	(41)
Accumulated Other Comprehensive Income (Loss), Defined Benefit Plan, Net of Tax, Ending Balance	(25)
Accumulated Other Comprehensive Loss, Ending Balance	$ (66)

Other (Loss) Income, Net (Detai

Other (Loss) Income, Net (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Component of Other Income (Loss), Net [Line Items]
Other loss, net	$ (32)	$ (24)
Dividend expense
Component of Other Income (Loss), Net [Line Items]
Other loss, net	(28)	(17)
Equity earnings from non-consolidated affiliates
Component of Other Income (Loss), Net [Line Items]
Other loss, net	2	2
(Loss) gain on disposition of assets, net
Component of Other Income (Loss), Net [Line Items]
Other loss, net		2
Foreign currency transaction loss
Component of Other Income (Loss), Net [Line Items]
Other loss, net		1
Loss on extinguishment of debt, net
Component of Other Income (Loss), Net [Line Items]
Other loss, net		(2)
Other
Component of Other Income (Loss), Net [Line Items]
Other loss, net	$ (6)	$ (10)

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions		3 Months Ended		12 Months Ended
	Nov. 28, 2022	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Jan. 31, 2023
Loss Contingencies [Line Items]
Minimum Carbon Dioxide Supply					$ 15
Maximum fee payable					$ 45
Expense (benefit)		$ (11)
Starfire Holding Corporation
Loss Contingencies [Line Items]
Ownership percentage by principal owner		99.60%
Pension funding indemnity agreement with subsidiary		$ 250
ACF
Loss Contingencies [Line Items]
Funded status of related party pension plan		$ 48
Icahn Enterprises Holdings | Viskase And ACF Industries LLC [Member] | Minimum
Loss Contingencies [Line Items]
Ownership percentage by principal owner		80%
Mr. Icahn and affiliates | Minimum
Loss Contingencies [Line Items]
Affiliate ownership interest		80%
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		84%
Energy Segment
Loss Contingencies [Line Items]
Amount of quantifying alleged damages		$ 6.8
Expense (benefit)			$ 107
RFS position		582		$ 692
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		$ 21		$ 22

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Supplemental Cash Flow Information [Abstract]
Cash payments for interest	$ (83)	$ (98)
Cash (payments) receipts for income taxes, net of payments	(5)	1
Partnership contributions receivable	6
Partnership distributions payable	(724)	$ (603)
Non-cash recognition of the related party note receivable	$ 188

Subsequent Events (Details)

Subsequent Events (Details) $ / shares in Units, $ in Millions	May 09, 2023 D $ / shares	Apr. 14, 2023 USD ($)	Feb. 22, 2023 $ / shares
Limited partners
Subsequent Event [Line Items]
Distribution declared per LP unit			$ 2
Subsequent event
Subsequent Event [Line Items]
Distribution declared per LP unit	$ 2
Threshold number of specified trading days | D	5
Subsequent event | Mr. Icahn and affiliates | Investment in funds
Subsequent Event [Line Items]
Proceeds from redemption | $		$ 867