Icahn Enterprises (IEP) 10-Q 8 Nov 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2024	Nov. 08, 2024
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	1-9516
Entity Registrant Name	ICAHN ENTERPRISES L.P.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-3398766
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
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		504,003,429
Entity Central Index Key	0000813762
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 2,294	$ 2,951
Cash held at consolidated affiliated partnerships and restricted cash	2,440	2,995
Investments	2,585	3,012
Due from brokers	2,976	4,367
Accounts receivable, net	476	485
Related party notes receivable, net	7	11
Inventories, net	883	1,047
Property, plant and equipment, net	3,865	3,969
Deferred tax asset	168	184
Derivative assets, net	43	64
Goodwill	289	288
Intangible assets, net	423	466
Other assets	994	1,019
Total Assets	17,443	20,858
LIABILITIES AND EQUITY
Accounts payable	679	830
Accrued expenses and other liabilities	1,660	1,596
Deferred tax liabilities	369	399
Derivative liabilities, net	685	979
Securities sold, not yet purchased, at fair value	2,679	3,473
Due to brokers	97	301
Debt	6,447	7,207
Total liabilities	12,616	14,785
Commitments and contingencies (Note 18)
Equity:
Limited partners: Depositary units: 504,003,429 units issued and outstanding at September 30, 2024 and 429,033,241 units issued and outstanding at December 31, 2023	3,417	3,969
General partner	(772)	(761)
Equity attributable to Icahn Enterprises	2,645	3,208
Equity attributable to non-controlling interests	2,182	2,865
Total equity	4,827	6,073
Total Liabilities and Equity	$ 17,443	$ 20,858

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parentheticals) - shares	Sep. 30, 2024	Dec. 31, 2023
Equity:
Limited partners: Depositary units issued	504,003,429	429,033,241
Limited partners: Depositary units outstanding	504,003,429	429,033,241

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues:
Net sales	$ 2,221	$ 2,991	$ 6,827	$ 8,433
Other revenues from operations	192	203	566	588
Net gain (loss) from investment activities	257	(332)	(318)	(1,275)
Interest and dividend income	115	143	380	481
(Loss) gain on disposition of assets, net	(1)	2	(6)	5
Other income, net	7	3	13	6
Total revenues	2,791	3,010	7,462	8,238
Expenses:
Cost of goods sold	2,223	2,377	6,414	6,947
Other expenses from operations	155	165	462	483
Dividend expense	14	21	47	68
Selling, general and administrative	202	209	578	653
Restructuring, net		1	1	1
Credit loss on related party note receivable		23		139
Loss on deconsolidation of subsidiary				246
Interest expense	130	148	394	426
Total Expenses	2,724	2,944	7,896	8,963
Income (loss) before income tax expense	67	66	(434)	(725)
Income tax benefit (expense)	13	(96)	2	(82)
Net income (loss)	80	(30)	(432)	(807)
Less: net income (loss) attributable to non-controlling interests	58	(24)	(85)	(262)
Net income (loss) attributable to Icahn Enterprises	22	(6)	(347)	(545)
Net income (loss) attributable to Icahn Enterprises allocated to:
Limited partners	22	(6)	(340)	(534)
General partner			(7)	(11)
Net Income (Loss)	$ 22	$ (6)	$ (347)	$ (545)
Basic income (loss) per LP unit:
Basic income (loss) per LP unit (in dollars per share)	$ 0.05	$ (0.01)	$ (0.75)	$ (1.47)
Basic weighted average LP units outstanding (in shares)	477	394	452	364
Diluted income (loss) per LP unit:
Diluted income (loss) per LP unit (in dollars per share)	$ 0.05	$ (0.01)	$ (0.75)	$ (1.47)
Diluted weighted average LP units outstanding (in shares)	477	394	452	364
Distributions declared per LP unit (in dollars per share)	$ 1	$ 1	$ 3	$ 5

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (UNAUDITED) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (UNAUDITED)
Net income (loss)	$ 80	$ (30)	$ (432)	$ (807)
Other comprehensive income (loss), net of tax:
Translation adjustments	6	(5)
Post-retirement benefits and other		(1)		1
Other comprehensive income (loss), net of tax	6	(6)		1
Comprehensive income (loss) attributable to Icahn Enterprises	86	(36)	(432)	(806)
Less: Comprehensive income (loss) attributable to non-controlling interests	58	(24)	(85)	(262)
Comprehensive income (loss) attributable to Icahn Enterprises	28	(12)	(347)	(544)
Comprehensive income (loss) attributable to Icahn Enterprises allocated to:
Limited partners	27	(12)	(340)	(534)
General partner	1		(7)	(10)
Comprehensive income (loss) attributable to Icahn Enterprises	$ 28	$ (12)	$ (347)	$ (544)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($) $ in Millions	General Partner's Deficit Capital Units	Limited Partners' Equity Capital Units	Total Partners' Equity	Non-controlling Interests	Total
Total equity at Dec. 31, 2022	$ (747)	$ 4,647	$ 3,900	$ 5,658	$ 9,558
Increase (Decrease) in Equity
Net loss	(5)	(265)	(270)	(88)	(358)
Other comprehensive loss		4	4		4
Partnership distributions payable	(15)	(709)	(724)		(724)
Partnership contributions	4	175	179		179
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
Total equity at Dec. 31, 2022	(747)	4,647	3,900	5,658	9,558
Increase (Decrease) in Equity
Net loss					(807)
Other comprehensive loss					1
Total equity at Sep. 30, 2023	(756)	4,209	3,453	3,175	6,628
Total equity at Mar. 31, 2023	(763)	3,854	3,091	5,405	8,496
Increase (Decrease) in Equity
Net loss	(6)	(263)	(269)	(150)	(419)
Other comprehensive loss		3	3		3
Partnership distributions payable reversal	15	709	724		724
Partnership distributions payable	(3)	(152)	(155)		(155)
Investment segment distributions to non-controlling interests				(1,380)	(1,380)
Dividends and distributions to non-controlling interests in subsidiaries				(84)	(84)
Changes in subsidiary equity and other		2	2		2
Total equity at Jun. 30, 2023	(757)	4,153	3,396	3,791	7,187
Increase (Decrease) in Equity
Net loss		(6)	(6)	(24)	(30)
Other comprehensive loss		(6)	(6)		(6)
Partnership distributions payable	(1)	(38)	(39)		(39)
Investment segment distributions to non-controlling interests				(571)	(571)
Dividends and distributions to non-controlling interests in subsidiaries				(72)	(72)
Changes in subsidiary equity and other	2	106	108	51	159
Total equity at Sep. 30, 2023	(756)	4,209	3,453	3,175	6,628
Total equity at Dec. 31, 2023	(761)	3,969	3,208	2,865	6,073
Increase (Decrease) in Equity
Net loss	(1)	(37)	(38)	12	(26)
Other comprehensive loss		(2)	(2)		(2)
Partnership distributions payable	(9)	(430)	(439)		(439)
Partnership contributions	1	50	51		51
Investment segment distributions to non-controlling interests				(5)	(5)
Dividends and distributions to non-controlling interests in subsidiaries				(28)	(28)
Changes in subsidiary equity and other	1		1		1
Total equity at Mar. 31, 2024	(769)	3,550	2,781	2,844	5,625
Total equity at Dec. 31, 2023	(761)	3,969	3,208	2,865	6,073
Increase (Decrease) in Equity
Net loss					(432)
Total equity at Sep. 30, 2024	(772)	3,417	2,645	2,182	4,827
Total equity at Mar. 31, 2024	(769)	3,550	2,781	2,844	5,625
Increase (Decrease) in Equity
Net loss	(6)	(325)	(331)	(155)	(486)
Other comprehensive loss		(3)	(3)	(1)	(4)
Partnership distributions payable reversal	9	430	439		439
Partnership distributions payable	(4)	(203)	(207)		(207)
Partnership contributions	1	48	49		49
Investment segment contributions from non-controlling interests				1	1
Dividends and distributions to non-controlling interests in subsidiaries				(30)	(30)
Changes in subsidiary equity and other	(1)		(1)		(1)
Total equity at Jun. 30, 2024	(770)	3,497	2,727	2,659	5,386
Increase (Decrease) in Equity
Net loss		22	22	58	80
Other comprehensive loss		5	5	1	6
Partnership distributions payable	(2)	(111)	(113)		(113)
Partnership contributions		4	4		4
Investment segment distributions to non-controlling interests				(506)	(506)
Dividends and distributions to non-controlling interests in subsidiaries				(30)	(30)
Total equity at Sep. 30, 2024	$ (772)	$ 3,417	$ 2,645	$ 2,182	$ 4,827

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net loss	$ (432)	$ (807)
Adjustments to reconcile net loss to net cash provided by operating activities:
Net loss from securities transactions	205	538
Purchases of securities	(1,812)	(634)
Proceeds from sales of securities	1,260	3,905
Payments to cover securities sold, not yet purchased	(1,022)	(3,919)
Proceeds from securities sold, not yet purchased	997	951
Changes in receivables and payables relating to securities transactions	1,190	2,094
Changes in derivative assets and liabilities	(273)	802
Loss (gain) on disposition of assets, net	6	(5)
Depreciation and amortization	382	384
Loss on deconsolidation of subsidiary		246
Credit loss expense		139
Deferred taxes	(12)	(76)
Other, net	13	16
Changes in other operating assets and liabilities	86	(13)
Net cash provided by operating activities	588	3,621
Cash flows from investing activities:
Capital expenditures	(192)	(201)
Turnaround expenditures	(46)	(53)
Acquisition of businesses, net of cash acquired	(2)
Proceeds from disposition of businesses and assets	4	4
Return of equity method investment	5	20
Proceeds from sales of investments		158
Other, net	5	(9)
Net cash used in investing activities	(226)	(81)
Cash flows from financing activities:
Investment segment contributions from non-controlling interests	1
Investment segment distributions to non-controlling interests	(511)	(2,033)
Partnership contributions	104	185
Partnership distributions	(320)	(194)
Purchase of additional interests in consolidated subsidiaries	(1)
Dividends and distributions to non-controlling interests in subsidiaries	(88)	(241)
Proceeds from Holding Company senior unsecured notes	766
Repayments of Holding Company senior unsecured notes	(750)
Repurchase of Holding Company senior unsecured notes	(168)
Proceeds from subsidiary borrowings	22	36
Repayments of subsidiary borrowings	(617)	(63)
Other, net	(11)	(4)
Net cash used in financing activities	(1,573)	(2,314)
Effect of exchange rate changes on cash and cash equivalents and restricted cash and restricted cash equivalents	(1)
Net (decrease) increase in cash and cash equivalents and restricted cash and restricted cash equivalents	(1,212)	1,226
Cash and cash equivalents and restricted cash and restricted cash equivalents, beginning of period	5,946	4,886
Cash and cash equivalents and restricted cash and restricted cash equivalents, end of period	$ 4,734	$ 6,112

Description of Business

Description of Business	9 Months Ended
	Sep. 30, 2024
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 L.P. (“Icahn Enterprises Holdings”) and their subsidiaries, unless the context otherwise requires. Icahn Enterprises owns a 99% limited partner interest in Icahn Enterprises Holdings. Icahn Enterprises Holdings and its subsidiaries own substantially all of our assets and liabilities and conduct substantially all of our operations. Icahn Enterprises G.P. Inc. (“Icahn Enterprises GP”), which is indirectly owned and controlled by Mr. Carl C. Icahn, owns a 1% general partner interest in each of Icahn Enterprises and Icahn Enterprises Holdings as of September 30, 2024, representing an aggregate 1.99% general partner interest in Icahn Enterprises and Icahn Enterprises Holdings. Mr. Icahn and his affiliates owned approximately 86% of our outstanding depositary units as of September 30, 2024. 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 14, “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 $2.7 billion and $3.2 billion as of September 30, 2024 and December 31, 2023, 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 in that it does not have crude oil exploration or production operations and is a 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 and approximately 37% of the outstanding common units of CVR Partners as of September 30, 2024. As of September 30, 2024, we owned approximately 66% of the total outstanding common stock of CVR Energy. Automotive We conduct our Automotive segment through our wholly owned subsidiaries, Icahn Automotive Group LLC (“Icahn Automotive”) and AEP PLC LLC (“AEP PLC”). The Automotive segment is engaged in providing a full range of automotive repair and maintenance services, along with the sale of any installed parts or materials related to automotive services (“Automotive Services”) to its customers, as well as sales of automotive aftermarket parts and retailed merchandise (“Aftermarket Parts”). In addition to its primary businesses, the Automotive segment leases available and excess real estate in certain locations under long-term operating leases. 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 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 September 30, 2024, we owned approximately 91% of the total outstanding common stock of Viskase. Real Estate We conduct our Real Estate segment through various wholly owned subsidiaries. Our Real Estate segment consists of investment properties which includes land, retail, office and industrial properties leased to corporate tenants, the development and sale of single-family homes, and the operations of a resort and two country clubs. 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, two product candidates in active clinical development and two product candidates in early-stage development.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Basis of Presentation and Summary of Significant Accounting Policies
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 us inadvertently becoming an investment company that is required to register under the Investment Company Act. Following such events or certain transactions (such as the sale of an operating business), 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, 2023. 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 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. During 2023, we established a captive insurance program to supplement the insurance coverage of the officers, directors, employees and agents of the Company, its subsidiaries and our general partner, in addition to our established commercial insurance program. We hold assets in a protected cell, which we are the primary beneficiary of, and therefore consolidate the protected cell. At September 30, 2024, total assets related to the protected cell were $107 million, and included in restricted cash in the condensed consolidated balance sheet. 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 September 30, 2024 was approximately $6.4 billion and $6.3 billion, respectively. The carrying value and estimated fair value of our long-term debt as of December 31, 2023 was approximately $7.2 billion and $6.9 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 $808 million and $1,068 million as of September 30, 2024 and December 31, 2023, 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 used for the general operating needs of the Investment segment or Icahn Enterprises. Our restricted cash balance was $1,632 million and $1,927 million as of September 30, 2024 and December 31, 2023, respectively. Restricted cash includes, but is not limited to, our Investment segment’s cash pledged and held for margin requirements on derivative transactions and cash held related to our captive insurance program. Revenue From Contracts With Customers and Contract Balances Due to the nature of our business, we derive revenue from various sources in various industries. With the exception of all of our Investment segment’s and our Holding Company’s revenues, and our Real Estate segment’s 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 segment’s and Automotive segment’s leasing revenue, as disclosed in Note 11, “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 14, “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 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. As of September 30, 2024, our Energy segment had $9 million of remaining performance obligations for contracts with an original expected duration of more than one year. Our Energy segment expects to recognize $1 million of these performance obligations as revenue by the end of 2024 2025 2026 In addition, deferred revenue includes agreements entered into with third-party investors that has allowed our Energy segment to monetize certain tax credits available under Section 45Q of the Internal Revenue Code (the “45Q Transaction”). Our Energy segment had deferred revenue of Automotive Our Automotive segment had deferred revenue with respect to extended warranty plans of $39 million and $45 million as of September 30, 2024 and December 31, 2023, respectively, which are included in accrued expenses and other liabilities on the condensed consolidated balance sheets. For the nine months ended September 30, 2024 and 2023, our Automotive segment recorded deferred revenue of $17 million and $15 million, respectively, outstanding as of the beginning of each period. Adoption of New Accounting Standards In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions, Fair Value Measurement Recently Issued Accounting Standards In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740) – Improvements to Income Tax Disclosures, In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures

Subsidiary Bankruptcy and Decon

Subsidiary Bankruptcy and Deconsolidation	9 Months Ended
	Sep. 30, 2024
Subsidiary Bankruptcy and Deconsolidation
Subsidiary Bankruptcy and Deconsolidation	3. Subsidiary Bankruptcy and Deconsolidation ​ On January 31, 2023, 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. On May 2, 2023, the Bankruptcy Court approved a global settlement in the Chapter 11 Cases between Auto Plus, 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. On May 19, 2023, the Bankruptcy Court approved five sales of Auto Plus’ assets to five different bidders pursuant to Section 363 of the Bankruptcy Code, comprising a significant majority of Auto Plus’ total assets (the “363 Sales”). AEP PLC was the buyer for one of the 363 Sales, pursuant to a credit bid of $10 million for a portion of its senior secured debtor-in-possession loan to Auto Plus. The last of the 363 Sales closed on June 12, 2023. The proceeds of the 363 Sales have been and will continue to be used to satisfy obligations to Auto Plus’ creditors. On June 16, 2023, the Bankruptcy Court entered an order approving Auto Plus’ Third Amended Combined Disclosure Statement and Joint Plan of Liquidation (the “Bankruptcy Plan”). The effective date of the Bankruptcy Plan occurred on October 6, 2023. The Bankruptcy Plan provides for the orderly liquidation of Auto Plus and distribution of its assets. ​ As a result of the filing of the Chapter 11 Cases, the Company determined that it no longer controls Auto Plus under the criteria set out in FASB ASC Topic 810, “Consolidation” and 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 recorded our investment in Auto Plus at zero resulting in a non-cash charge of $246 million during the nine months ended September 30, 2023. ​

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2024
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 September 30, 2024 and December 31, 2023, 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 $1.5 billion and $2.1 billion, respectively, representing approximately 35% and 39% of the Investment Funds’ assets under management as of each respective date. In July 2024, the Investment Funds issued a pro-rata distribution of $650 million in cash, including $256 million to Mr. Icahn and his affiliates (excluding us and Brett Icahn) and $394 million to the Holding Company. In addition, Mr. Icahn and his affiliates (excluding us and Brett Icahn) redeemed $250 million from his personal interests in the Investment Funds during the nine months ended September 30, 2024, and redeemed $2.0 billion in the nine months ended September 30, 2023. 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 nine months ended September 30, 2024 and 2023, $14 million and $10 million, respectively, was allocated to the Investment Funds based on this expense-sharing arrangement. Auto Plus and AEP PLC 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 by 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 eight months from the date of deconsolidation of January 31, 2023 through September 30, 2023, the total lease revenues of entities within the Automotive segment from leases with Auto Plus was $3 million. Total inventory purchases of entities within the Automotive segment from Auto Plus were $4 million for the eight months from the date of deconsolidation through September 30, 2023. For the eight months from the date of deconsolidation of January 31, 2023 through September 30, 2023, the total lease revenues of entities within the Real Estate segment from Auto Plus were $3 million. Note Receivable from Auto Plus 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 would be rolled-up and converted into loans under the DIP Credit Facility. On May 2, 2023, we converted and rolled up our related party note receivable with our existing loans under the DIP Credit Facility. We estimated our cash to be collected for the repayment of the note receivable to be $7 million at September 30, 2024. ​ AEP PLC In connection with the Auto Plus auction, AEP PLC acquired $10 million of assets mostly comprised of Aftermarket Parts inventory during the year ended December 31, 2023. The transaction was considered an asset acquisition, as the group of assets acquired by AEP PLC does not meet the definition of a business defined in FASB ASC Topic 805. The results of AEP PLC are consolidated within our Automotive segment at September 30, 2024 and were not material. 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 had net redemptions of $4 million during the nine months ended September 30, 2024, and had $9 million net redemptions in the nine months ended September 30, 2023. As of September 30, 2024 and December 31, 2023 Brett Icahn had investments in the Investment Funds with a total fair market value of $17 million and $28 million, respectively. We also entered into a guaranty agreement with an affiliate of Brett Icahn, pursuant to which we guaranteed the payment of certain amounts required to be distributed by the Investment Funds to such affiliate pursuant to the terms and conditions of the manager agreement.

Investments

Investments	9 Months Ended
	Sep. 30, 2024
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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2024 2023 ​ ​ (in millions) Assets ​ ​ ​ ​ ​ ​ Investments: ​ ​ Equity securities: ​ ​ Communications ​ $ 67 ​ $ — Consumer, cyclical ​ 292 ​ 260 Energy ​ 59 ​ 708 Utilities ​ 937 ​ 1,012 Healthcare ​ 521 ​ 440 Technology ​ — ​ 139 Materials ​ 394 ​ 52 Industrial ​ 174 ​ — ​ ​ 2,444 ​ 2,611 Debt securities: ​ ​ ​ ​ ​ ​ Financials ​ ​ — ​ ​ 158 Real Estate ​ ​ 32 ​ ​ 44 Communications ​ ​ — ​ ​ 85 ​ ​ 32 ​ 287 ​ ​ $ 2,476 ​ $ 2,898 Liabilities ​ ​ Securities sold, not yet purchased, at fair value: ​ ​ Equity securities: ​ ​ Consumer, non-cyclical ​ $ — ​ $ 41 Consumer, cyclical ​ ​ — ​ ​ 3 Energy ​ 988 ​ 2,146 Utilities ​ 578 ​ 610 Materials ​ 298 ​ 350 Industrial ​ ​ 134 ​ ​ 138 ​ ​ ​ 1,998 ​ ​ 3,288 Debt securities: ​ ​ ​ ​ ​ ​ Communications ​ ​ 661 ​ ​ — Materials ​ ​ 20 ​ ​ 185 ​ ​ $ 2,679 ​ $ 3,473 ​ ​ ​ ​ ​ ​ ​ ​ The portion of unrealized (losses) and gains that relates to securities still held by our Investment segment, primarily equity securities, was $101 million and $(255) million for the three months ended September 30, 2024 and 2023, respectively, and $(229) million and $(286) million for the nine months ended September 30, 2024 and 2023, respectively. ​ Other Segments and Holding Company With the exception of certain equity method investments at our operating subsidiaries and our Holding Company disclosed in the table below, our investments are measured at fair value in our condensed consolidated balance sheets. The carrying value of investments held by our other segments and our Holding Company consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2024 2023 ​ ​ (in millions) Equity method investments ​ $ 95 ​ $ 100 Held to maturity debt investments measured at amortized cost ​ ​ 11 ​ ​ 11 Other investments measured at fair value ​ 3 ​ 3 ​ ​ $ 109 ​ $ 114 ​ There were no unrealized gains and (losses) that relates to equity securities still held by our other segments and Holding Company for each of the three and nine months ended September 30, 2024 and 2023.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2024
Fair Value Measurements
Fair Value Measurements	6. Fair Value Measurements U.S. GAAP requires enhanced disclosures about assets and liabilities that are measured and reported at fair value and has established a hierarchal disclosure framework that prioritizes and ranks the level of market price observability used in measuring assets and liabilities at fair value. Market price observability is impacted by a number of factors, including the type of, and the characteristics specific to, the assets and liabilities. Assets and liabilities with readily available active quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value. Assets and liabilities measured and reported at fair value are classified and disclosed in one of the following categories: Level 1 – Quoted prices are available in active markets for identical assets and liabilities as of the reporting date. Level 2 – Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date, and fair value is determined through the use of models or other valuation methodologies where all significant inputs are observable. The inputs and assumptions of our Level 2 assets and liabilities are derived from market observable sources including reported trades, broker/dealer quotes and other pertinent data. Level 3 – Pricing inputs are unobservable for the assets and liabilities and include situations where there is little, if any, market activity for the assets and liabilities. The inputs into the determination of fair value require significant management judgment or estimation. Fair value is determined using comparable market transactions and other valuation methodologies, adjusted as appropriate for liquidity, credit, market and/or other risk factors. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and consideration of factors specific to the assets and liabilities. Significant transfers, if any, between the levels within the fair value hierarchy are recognized at the beginning of the reporting period when changes in circumstances require such transfers. ​ ​ Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table summarizes the valuation of our assets and liabilities by the above fair value hierarchy levels measured on a recurring basis: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ December 31, 2023 ​ Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total ​ ​ (in millions) Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments (Note 5) ​ $ 2,406 ​ $ 32 ​ $ 41 ​ $ 2,479 ​ $ 2,730 ​ $ 129 ​ $ 42 ​ $ 2,901 Derivative assets, net (Note 7) ​ — ​ 43 ​ — ​ 43 ​ — ​ 64 ​ — ​ 64 ​ ​ $ 2,406 ​ $ 75 ​ $ 41 ​ $ 2,522 ​ $ 2,730 ​ $ 193 ​ $ 42 ​ $ 2,965 Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities sold, not yet purchased (Note 5) ​ $ 1,998 ​ $ 681 ​ $ — ​ $ 2,679 ​ $ 3,288 ​ $ 185 ​ $ — ​ $ 3,473 Derivative liabilities, net (Note 7) ​ — ​ 685 ​ — ​ 685 ​ — ​ 979 ​ — ​ 979 RFS obligations (Note 18) ​ — ​ 374 ​ — ​ 374 ​ — ​ 329 ​ — ​ 329 ​ ​ $ 1,998 ​ $ 1,740 ​ $ — ​ $ 3,738 ​ $ 3,288 ​ $ 1,493 ​ $ — ​ $ 4,781 ​ ​ A ssets Measured at Fair Value on a Non-Recurring Basis for Which We Use Level 3 Inputs to Determine Fair Value ​ Energy ​ CVR Partners performed a non-recurring fair value measurement of the equity interest received as part of the 45Q Transaction. Such valuation used a combination of the market approach and the discounted cash flow methodology with key inputs including the discount rate, contractual and expected future cash flows, and market multiples. CVR Partners determined the estimated fair value of the consideration received to be $46 million in the first quarter of 2023. ​ Holding Company ​ The estimated fair value of the Company’s note receivable from Auto Plus was measured at January 31, 2023 using the income approach with Level 3 inputs by discounting the forecasted cash inflows associated with the note using an estimated market discount rate. The Company measured the fair value of the related party note using the practical expedient for a collateral-dependent loan in accordance with ASC Topic 326 to determine the allowance based on the fair value of collateral less costs to sell. The collateral for the note primarily consists of cash and accounts receivable. The Company estimated the fair value of the accounts receivable by using an average from a range of expected cash collection projections. We determined the estimated fair value to be $7 million at September 30, 2024.

Financial Instruments

Financial Instruments	9 Months Ended
	Sep. 30, 2024
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, forwards, 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 in securities, or to seek to protect their assets denominated in foreign currencies and precious metals holdings from losses due to fluctuations in foreign exchange rates and spot rates. The Investment Funds’ exposure to credit risk associated with non-performance of such forward contracts is limited to the unrealized gains or losses inherent in such contracts, which are recognized in other assets and accrued expenses and other liabilities in our condensed consolidated balance sheets. The Investment Funds may also enter into foreign currency contracts for purposes other than hedging denominated securities. When entering into a foreign currency forward contract, the Investment Funds agree to receive or deliver a fixed quantity of foreign currency for an agreed-upon price on an agreed-upon future date unless the contract is closed before such date. The Investment Funds record unrealized gains or losses on the contracts as measured by the difference between the forward foreign exchange rates at the dates of entry into such contracts and the forward rates at the reporting date. The Investment Funds may also purchase and write option contracts. As a writer of option contracts, the Investment Funds receive a premium at the outset and then bear the market risk of unfavorable changes in the price of the underlying financial instrument. As a result of writing option contracts, the Investment Funds are obligated to purchase or sell, at the holder’s option, the underlying financial instrument. Accordingly, these transactions result in off-balance-sheet risk, as the Investment Funds’ satisfaction of the obligations may exceed the amount recognized in our condensed consolidated balance sheets. Certain terms of the Investment Funds’ contracts with derivative counterparties, which are standard and customary to such contracts, contain certain triggering events that would give the counterparties the right to terminate the derivative instruments. In such events, the counterparties to the derivative instruments could request immediate payment on derivative instruments in net liability positions. There were no Investment Funds’ derivative instruments with credit-risk-related contingent features in a liability position as of September 30, 2024 and December 31, 2023. The following table summarizes the volume of our Investment segment’s derivative activities based on their notional exposure, categorized by primary underlying risk: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ December 31, 2023 ​ Long Notional Exposure Short Notional Exposure Long Notional Exposure Short Notional Exposure ​ ​ ​ (in millions) Primary underlying risk: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity contracts ​ $ 1,782 ​ $ 1,912 ​ $ 1,882 ​ $ 2,350 Credit contracts (1) ​ 528 ​ 150 ​ ​ — ​ 435 Commodity contracts ​ — ​ 122 ​ ​ — ​ ​ 409 (1) The short notional amount on our credit default swap positions was approximately $0.8 billion and $2.5 billion at September 30, 2024 and December 31, 2023, respectively. However, because credit spreads cannot compress below zero , our downside short notional exposure to loss is approximately $0.15 billion and $0.4 billion as of September 30, 2024 and December 31, 2023, 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 ​ September 30, 2024 December 31, 2023 September 30, 2024 December 31, 2023 ​ ​ ​ (in millions) Equity contracts ​ $ 122 ​ $ 11 ​ $ 829 ​ $ 999 Credit contracts ​ 27 ​ 39 ​ 1 ​ 2 Commodity contracts ​ 30 ​ 14 ​ — ​ 3 Sub-total ​ 179 ​ 64 ​ 830 ​ 1,004 Netting across contract types (1) ​ (152) ​ (25) ​ (152) ​ (25) Total (1) ​ $ 27 ​ $ 39 ​ $ 678 ​ $ 979 (1) Excludes netting of cash collateral received and posted. The total collateral posted at September 30, 2024 and December 31, 2023 was $1.4 billion and $1.7 billion, respectively, across all counterparties, which are included in cash held at consolidated affiliated partnerships and restricted cash in the condensed consolidated balance sheets. The following table presents the amount of gain (loss) recognized in the condensed consolidated statements of operations for our Investment segment’s derivatives not designated as hedging instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gain (loss) Recognized in Income (1) ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2024 2023 2024 2023 ​ ​ (in millions) Equity contracts ​ $ 79 ​ $ 32 ​ $ (132) ​ $ (618) Credit contracts ​ 29 ​ (63) ​ 3 ​ (29) Commodity contracts ​ 32 ​ (74) ​ 15 ​ (91) ​ ​ $ 140 ​ $ (105) ​ $ (114) ​ $ (738) (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 and economic conditions, weather, interest rates, and other factors. To manage price risk on crude oil and other inventories and to fix margins on future sales and purchases, CVR Energy from time to time enters into various commodity derivative transactions and holds derivative instruments, such as futures and swaps, which it believes provide an economic hedge on future transactions, as 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 September 30, 2024 and December 31, 2023, CVR Energy had swap positions for crack spreads that offset to zero and 11 million barrels outstanding, respectively. As of September 30, 2024 and December 31, 2023, CVR Energy had less than 1 million barrels and zero futures contracts, respectively. As of September 30, 2024 and December 31, 2023, CVR Energy had forward contracts of less than 1 million barrels at each period. As of September 30, 2024, CVR Energy had open fixed-price commitments to purchase a net 27 million RINs. The following table presents the fair value of our Energy segment’s derivatives and the effect of the collateral netting: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative Assets ​ Derivative Liabilities ​ September 30, 2024 December 31, 2023 September 30, 2024 December 31, 2023 ​ ​ ​ (in millions) Commodity contracts ​ $ 32 ​ $ 31 ​ $ 23 ​ $ 6 Netting across contract types (1) ​ (16) ​ (6) ​ (16) ​ (6) Total (1) ​ $ 16 ​ $ 25 ​ $ 7 ​ $ — ​ (1) Excludes netting of derivatives primarily related to initial margin requirements of $12 million and $13 million at September 30, 2024 and December 31, 2023, respectively, which was not offset against derivatives liabilities, net in the condensed consolidated balance sheets . ​ Certain derivative instruments within our Energy segment contain credit risk-related contingent provisions associated with our Energy segment’s credit ratings. If our Energy segment’s credit rating were to be downgraded, it would allow the counterparty to require our Energy segment to post collateral or to request immediate, full settlement of derivative instruments in liability positions. As of September 30, 2024, the aggregate fair value of derivative liabilities in our Energy segment’s derivative instruments with credit-risk-related contingent features was $5 million, for which $3 million in collateral has been posted. Gains and (losses) recognized on derivatives for our Energy segment were $2 million and $(106) million for the three months ended September 30, 2024 and 2023, respectively, and $7 million and $(65) million for the nine months ended September 30, 2024 and 2023, 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.

Related Party Notes Receivable,

Related Party Notes Receivable, Net	9 Months Ended
	Sep. 30, 2024
Related Party Notes Receivable, Net
Related Party Notes Receivable, Net	8. Related Party Notes Receivable, Net Related party notes receivable and its related allowance for expected credit losses consists of the following: ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ ​ ​ ​ Related party notes receivable, gross ​ $ 19 Less: Allowance for expected credit losses ​ ​ 12 Related party notes receivable, net ​ $ 7 ​ ​ ​ ​ Allowance for expected credit losses: ​ ​ ​ Beginning Balance as of December 31, 2023 ​ $ 12 Credit loss provision ​ ​ - Write-offs ​ ​ - Ending Balance as of September 30, 2024 ​ $ 12 ​ There were no write-offs associated with related party notes receivable for the nine months ended September 30, 2024, and write-offs of $127 million for the nine months ended September 30, 2023. See Note 6, “Fair Value Measurements,” for additional information related to the fair value of the related party notes receivable.

Inventories, Net

Inventories, Net	9 Months Ended
	Sep. 30, 2024
Inventories, Net
Inventories, Net	9. Inventories, Net Inventories, net consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2024 2023 ​ ​ (in millions) Raw materials ​ $ 274 ​ $ 367 Work in process ​ 98 ​ 95 Finished goods ​ ​ 511 ​ 585 ​ ​ $ 883 ​ $ 1,047 ​

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets, Net
Goodwill and Intangible Assets, Net	10. Goodwill and Intangible Assets, Net Goodwill consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ December 31, 2023 ​ 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 ​ 23 ​ (3) ​ 20 ​ 22 ​ (3) ​ 19 Pharma ​ ​ 13 ​ ​ — ​ ​ 13 ​ ​ 13 ​ ​ — ​ ​ 13 ​ ​ $ 379 ​ $ (90) ​ $ 289 ​ $ 378 ​ $ (90) ​ $ 288 ​ Intangible assets, net consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ December 31, 2023 ​ 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 ​ $ (243) ​ $ 149 ​ $ 392 ​ $ (229) ​ $ 163 Developed technology ​ ​ 254 ​ ​ (111) ​ ​ 143 ​ ​ 254 ​ ​ (90) ​ ​ 164 Other ​ 164 ​ (109) ​ 55 ​ 164 ​ (101) ​ 63 ​ ​ $ 810 ​ $ (463) ​ $ 347 ​ $ 810 ​ $ (420) ​ $ 390 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indefinite-lived intangible assets ​ ​ ​ $ 76 ​ ​ ​ $ 76 Intangible assets, net ​ ​ ​ $ 423 ​ ​ ​ $ 466 ​ Amortization expense associated with definite-lived intangible assets was $14 million and $15 million for the three months ended September 30, 2024 and 2023, respectively, and $43 million and $44 million for the nine months ended September 30, 2024 and 2023, respectively. We utilize the straight-line method of amortization, recognized over the estimated useful lives of the assets.

Leases

Leases	9 Months Ended
	Sep. 30, 2024
Leases
Leases	11. Leases All Segments and Holding Company We have operating and finance leases primarily within our Automotive, Energy and Food Packaging segments. Our Automotive segment leases assets, primarily real estate (operating) and vehicles (financing). Our Energy segment leases certain pipelines, storage tanks, railcars, office space, land and equipment (operating and financing). Our Food Packaging segment leases assets, primarily real estate, equipment and vehicles (primarily operating). Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. Right-of-use assets and related liabilities are recorded on the balance sheet for leases with an initial lease term in excess of twelve months and therefore, do not include any lease arrangements with initial lease terms of twelve months or less. Right-of-use assets and lease liabilities are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2024 ​ 2023 ​ ​ (in millions) Operating Leases: ​ ​ ​ ​ Right-of-use assets (other assets) ​ $ 520 ​ $ 526 Lease liabilities (accrued expenses and other liabilities) ​ 524 ​ 531 ​ ​ ​ ​ ​ ​ ​ Financing Leases: ​ ​ ​ ​ Right-of-use assets (property, plant and equipment, net) ​ 50 ​ 55 Lease liabilities (debt) ​ 65 ​ 70 ​ Additional information with respect to our operating leases as of September 30, 2024 and December 31, 2023 is presented below. The lease terms and discount rates for our Energy, Automotive and Food Packaging segments represent weighted averages based on their respective lease liability balances. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Right-Of-Use Lease ​ Discount Operating Leases as of September 30, 2024 ​ Assets ​ Liabilities ​ Lease Term ​ Rate ​ ​ (in millions) ​ ​ ​ ​ ​ Energy ​ $ 55 ​ $ 52 ​ 5.1 years ​ 7.1% ​ Automotive ​ 420 ​ 431 5.5 years 6.0% ​ Food Packaging ​ 20 ​ 23 9.1 years 7.4% ​ Other segments and Holding Company ​ 25 ​ 18 ​ ​ ​ $ 520 ​ $ 524 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Right-Of-Use Lease ​ Discount ​ Operating Leases as of December 31, 2023 ​ Assets ​ Liabilities ​ Lease Term ​ Rate ​ ​ ​ (in millions) ​ ​ ​ ​ ​ Energy ​ $ 53 ​ $ 49 ​ 5.4 years ​ 6.7% ​ Automotive ​ 422 ​ 434 5.4 years 5.9% ​ Food Packaging ​ 22 ​ 25 9.1 years 7.4% ​ Other segments and Holding Company ​ 29 ​ 23 ​ ​ ​ $ 526 ​ $ 531 ​ ​ ​ ​ ​ ​ For the three months ended September 30, 2024 and 2023, lease cost was comprised of (i) operating lease cost of $46 million and $44 million, respectively, (ii) amortization of financing lease right-of-use assets of $2 million and $1 million, respectively, and (iii) interest expense on financing lease liabilities of $2 million and $2 million, respectively. For the nine months ended September 30, 2024 and 2023, lease cost was comprised of (i) operating lease cost of $132 million and $134 million, respectively, (ii) amortization of financing lease right-of-use assets of $6 million and $5 million, respectively, and (iii) interest expense on financing lease liabilities of $5 million and $4 million, respectively. Our Automotive segment accounted for $106 million and $108 million of total lease cost for each of the nine months ended September 30, 2024 and 2023. Lessor Arrangements Automotive Our Automotive segment leases available and excess real estate in certain locations under long-term operating leases. Our Automotive segment’s revenues from operating leases were $15 million and $14 million for the three months ended September 30, 2024 and 2023, respectively, and $45 million and $43 million for the nine months ended September 30, 2024 and 2023, respectively. Revenues from operating leases are included in other revenue from operations in the condensed consolidated statements of operations. Our Automotive segment’s expenses from operating leases including variable lease costs were $25 million and $24 million for the three months ended September 30, 2024 and 2023, respectively, and $72 million and $74 million for the nine months ended September 30, 2024 and 2023, respectively. Expenses from operating leases are included in other expenses from operations in the condensed consolidated statements of operations. Real Estate Our Real Estate segment leases real estate, primarily commercial properties under long-term operating leases. As of September 30, 2024 and December 31, 2023, our Real Estate segment had assets leased to others included in property, plant and equipment of $260 million and $252 million, respectively, net of accumulated depreciation. Our Real Estate segment’s revenue from operating leases were $2 million and $3 million for the three months ended September 30, 2024 and 2023, respectively, and $7 million and $15 million for the nine months ended September 30, 2024 and 2023, respectively. Revenues from operating leases are included in other revenue from operations in the condensed consolidated statements of operations.

Debt

Debt	9 Months Ended
	Sep. 30, 2024
Debt
Debt	12. Debt Debt consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2024 2023 ​ ​ (in millions) Holding Company: ​ ​ ​ ​ 6.375% senior unsecured notes due 2025 ​ $ — ​ $ 749 6.250% senior unsecured notes due 2026 ​ 1,198 ​ 1,238 5.250% senior unsecured notes due 2027 ​ 1,384 ​ 1,454 4.375% senior unsecured notes due 2029 ​ ​ 656 ​ ​ 708 9.750% senior unsecured notes due 2029 ​ ​ 698 ​ ​ 698 9.000% senior unsecured notes due 2030 ​ ​ 747 ​ ​ — ​ ​ 4,683 ​ 4,847 Reporting Segments: ​ ​ ​ ​ ​ ​ Energy ​ 1,582 ​ 2,185 Automotive ​ 24 ​ 33 Food Packaging ​ 142 ​ 133 Real Estate ​ 2 ​ 1 Home Fashion ​ 14 ​ 8 ​ ​ 1,764 ​ 2,360 Total Debt ​ $ 6,447 ​ $ 7,207 ​ Holding Company ​ Our Holding Company debt consists of various issues of fixed-rate senior unsecured notes issued by Icahn Enterprises and Icahn Enterprises Finance Corp. (together the “Issuers”) and guaranteed by Icahn Enterprise Holdings (the “Guarantor”). Interest on each tranche of the senior unsecured notes is payable semi-annually. ​ In April 2024, we sold $12 million in aggregate principal amount of our 6.250% senior unsecured notes due 2026 and $5 million in aggregate principal amount of our 5.250% senior unsecured notes due 2027, both previously repurchased and held in treasury, in the open market. In May 2024, the Issuers issued $750 million in aggregate principal amount of 9.000% senior unsecured notes due 2030. The net proceeds from the issuance were used to redeem the remaining outstanding 6.375% senior unsecured notes due 2025 in full on June 13, 2024. ​ In August and September of 2024, we repurchased in the open market approximately $52 million aggregate principal amount of our 6.250% senior unsecured notes due 2026, $73 million aggregate principal amount of our 5.250% senior unsecured notes due 2027 and $52 million aggregate principal amount of our 4.375% senior unsecured notes due 2029 for total cash paid of $168 million and a total aggregate principal amount of $177 million of our senior unsecured notes repurchased. ​ In August 2024, we commenced an offer to exchange $700 million aggregate principal amount of our 9.750% senior notes due 2029 that have been registered under the Securities Act of 1933, as amended (the “Securities Act”), for $700 million in aggregate principal amount of our issued and outstanding, unregistered 9.750% senior notes due 2029 and $750 million aggregate principal amount of our 9.000% senior notes due 2030 that have been registered under the Securities Act for $750 million aggregate principal amount of our issued and outstanding, unregistered 9.000% senior notes due 2030. The offer expired on October 17, 2024. ​ ​ Energy ​ In February 2024, CVR Energy redeemed all its $600 million in aggregate principal amount of 5.25% senior unsecured notes due 2025. As a result of this transaction, CVR Energy recognized a $1 million loss on extinguishment of debt for the nine months ended September 30, 2024. ​ As of September 30, 2024, total availability under CVR Energy’s Amended and Restated ABL Credit Agreement (“CVR Energy ABL”) and CVR Partners ABL Credit Agreement (“CVR Partners ABL”) facilities aggregated to $329 million. CVR Energy ABL had $24 million of letters of credit outstanding as of September 30, 2024. The CVR Energy ABL matures on June 30, 2027, and the CVR Partners ABL on September 26, 2028. As permitted under the CVR Energy ABL, certain subsidiaries of CVR Energy entered into an Incremental Commitment Agreement on September 25, 2024 for an amount of $70 million, which increased the total aggregate principal amount available under the CVR Energy ABL from $275 million to $345 million. ​ 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 $2 million for each of the three months ended September 30, 2024 and 2023, respectively, and $2 million and $4 million for each of the nine months ended September 30, 2024 and 2023, respectively.

Net Income (Loss) Per LP Unit

Net Income (Loss) Per LP Unit	9 Months Ended
	Sep. 30, 2024
Net Income (Loss) Per LP Unit
Net Income (Loss) Per LP Unit	13. Net Income (Loss) Per LP Unit The components of the computation of basic and diluted income per LP unit of Icahn Enterprises are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2024 2023 2024 2023 ​ ​ (in millions, except per unit amounts) Net income (loss) attributable to Icahn Enterprises ​ $ 22 $ (6) ​ $ (347) $ (545) Net income (loss) income attributable to Icahn Enterprises allocated to limited partners (98.01% allocation) ​ $ 22 ​ $ (6) ​ $ (340) ​ $ (534) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic and diluted income (loss) per LP unit: ​ $ 0.05 ​ $ (0.01) ​ $ (0.75) ​ $ (1.47) Basic and diluted weighted average LP units outstanding (1) ​ ​ 477 ​ ​ 394 ​ ​ 452 ​ ​ 364 (1) Excludes an immaterial amount of unvested RSU awards during the three months ended September 30, 2023 and nine months ended September 30, 2024 and 2023, respectively. ​ LP Unit Transactions Unit Distributions On February 26, 2024, we declared a quarterly distribution in the amount of $1.00 per depositary unit in which each depositary unitholder had the option to make an election to receive either cash or additional depositary units, payable April 18, 2024. On May 6, 2024, we declared a quarterly dividend distribution in the amount of $1.00 per depositary unit in which each depositary unitholder had the option to make an election to receive either cash or additional depositary units, payable on June 25, 2024. In June 2024, we distributed 21,669,076 depositary units to unitholders who did not elect to receive cash, of which 20,418,007 depositary units were distributed to Mr. Icahn and his affiliates. In connection with these distributions, aggregate cash distributions to all depositary unitholders that made a timely election to receive cash was $106 million, of which $60 million was distributed to Mr. Icahn and his affiliates in June 2024. On August 5, 2024, we declared a quarterly distribution in the amount of $1.00 per depositary unit in which each depositary unitholder had the option to make an election to receive either cash or additional depositary units, payable September 25, 2024. At-The-Market Offerings During the three months ended September 30, 2024, we sold 233,000 depositary units pursuant to the Open Market Sale Agreement entered into November 21, 2022, resulting in gross proceeds of approximately $4 million. During the nine months ended September 30, 2024, we sold 5,806,986 depositary units pursuant to the Open Market Sale Agreement, resulting in gross proceeds of approximately $102 million. On August 26, 2024, we entered into a new Open Market Sales Agreement providing for sales of depositary units of up to $400 million. As of September 30, 2024, we continue to have effective Open Market Sale Agreements and Icahn Enterprises may sell its depositary units for up to an additional $47 million in aggregate gross sale proceeds pursuant to its Open Market Sales Agreement entered into November 21, 2022 and up to $400 million in aggregate gross sale proceeds pursuant to its Open Market Sales Agreement entered into August 26, 2024. 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 of Icahn Enterprises GP. As of September 30, 2024, the Company has not repurchased any of the Company’s depositary units and the Company has repurchased

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2024
Segment Reporting
Segment Reporting	14. Segment Reporting We report segment information based on the various industries in which our businesses operate and how we manage those businesses in accordance with our investment strategies, which may include: identifying and acquiring undervalued assets and businesses, often through the purchase of distressed securities; increasing value through management, financial or other operational changes; and managing complex legal, regulatory or financial issues, which may include bankruptcy or insolvency, environmental, zoning, permitting and licensing issues. Therefore, although many of our businesses are operated under separate local management, certain of our businesses are grouped together when they operate within a similar industry, comprising similarities in products, customers, production processes and regulatory environments, and when such businesses, when considered together, may be managed in accordance with one or more investment strategies specific to those businesses. Among other measures, we assess and measure segment operating results based on net income from continuing operations attributable to Icahn Enterprises. Certain terms of financings for certain of our businesses impose restrictions on the business’ ability to transfer funds to us, including restrictions on dividends, distributions, loans and other transactions. Condensed Statements of Operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2024 ​ Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated ​ ​ (in millions) Revenues: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ — ​ $ 1,834 ​ $ 206 ​ $ 101 ​ $ 6 ​ $ 47 ​ $ 27 ​ $ — ​ $ 2,221 Other revenues from operations ​ — ​ — ​ 168 ​ — ​ 23 ​ — ​ 1 ​ — ​ 192 Net gain from investment activities ​ 257 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 257 Interest and dividend income ​ 77 ​ 10 ​ 1 ​ — ​ 1 ​ — ​ — ​ 26 ​ 115 Loss on disposition of assets, net ​ — ​ — ​ (1) ​ — ​ — ​ — ​ — ​ — ​ (1) Other income (loss), net ​ — ​ 2 ​ — ​ (1) ​ — ​ (3) ​ 1 ​ 8 ​ 7 ​ ​ 334 ​ 1,846 ​ 374 ​ 100 ​ 30 ​ 44 ​ 29 ​ 34 ​ 2,791 Expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost of goods sold ​ — ​ 1,914 ​ 167 ​ 86 ​ 5 ​ 38 ​ 13 ​ — ​ 2,223 Other expenses from operations ​ — ​ — ​ 137 ​ — ​ 18 ​ — ​ — ​ — ​ 155 Dividend expense ​ 14 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 14 Selling, general and administrative ​ 5 ​ 47 ​ 102 ​ 12 ​ 5 ​ 10 ​ 12 ​ 9 ​ 202 Restructuring, net ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Credit loss on related party note receivable ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Loss on deconsolidation of subsidiary ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Interest expense ​ 19 ​ 27 ​ 1 ​ 2 ​ — ​ 1 ​ — ​ 80 ​ 130 ​ ​ 38 ​ 1,988 ​ 407 ​ 100 ​ 28 ​ 49 ​ 25 ​ 89 ​ 2,724 Income (loss) before income tax benefit (expense) ​ 296 ​ (142) ​ (33) ​ — ​ 2 ​ (5) ​ 4 ​ (55) ​ 67 Income tax benefit (expense) ​ — ​ 8 ​ 9 ​ — ​ — ​ — ​ — ​ (4) ​ 13 Net income (loss) ​ 296 ​ (134) ​ (24) ​ — ​ 2 ​ (5) ​ 4 ​ (59) ​ 80 Less: net income (loss) attributable to non-controlling interests ​ 104 ​ (46) ​ — ​ — ​ — ​ — ​ — ​ — ​ 58 Net income (loss) attributable to Icahn Enterprises ​ $ 192 ​ $ (88) ​ $ (24) ​ $ — ​ $ 2 ​ $ (5) ​ $ 4 ​ $ (59) ​ $ 22 Supplemental information: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ $ — ​ $ 34 ​ $ 12 ​ $ 5 ​ $ 6 ​ $ 1 ​ $ — ​ $ — ​ $ 58 Depreciation and amortization ​ $ — ​ $ 90 ​ $ 19 ​ $ 5 ​ $ 3 ​ $ 2 ​ $ 7 ​ $ — ​ $ 126 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2023 ​ Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated ​ ​ (in millions) Revenues: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ — ​ $ 2,522 ​ $ 264 ​ $ 105 ​ $ 29 ​ $ 46 ​ $ 25 ​ $ — ​ $ 2,991 Other revenues from operations ​ — ​ — ​ 180 ​ — ​ 22 ​ — ​ 1 ​ — ​ 203 Net loss from investment activities ​ (332) ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ (332) Interest and dividend income ​ 108 ​ 10 ​ 1 ​ — ​ — ​ — ​ — ​ 24 ​ 143 (Loss) gain on disposition of assets, net ​ — ​ (1) ​ 3 ​ — ​ — ​ — ​ — ​ — ​ 2 Other income (loss), net ​ — ​ 4 ​ — ​ (2) ​ — ​ 1 ​ — ​ — ​ 3 ​ ​ (224) ​ 2,535 ​ 448 ​ 103 ​ 51 ​ 47 ​ 26 ​ 24 ​ 3,010 Expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost of goods sold ​ — ​ 2,048 ​ 174 ​ 83 ​ 20 ​ 37 ​ 15 ​ — ​ 2,377 Other expenses from operations ​ — ​ — ​ 148 ​ — ​ 17 ​ — ​ — ​ — ​ 165 Dividend expense ​ 21 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 21 Selling, general and administrative ​ 3 ​ 43 ​ 116 ​ 14 ​ 4 ​ 9 ​ 11 ​ 9 ​ 209 Restructuring, net ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ ​ — ​ 1 Credit loss on related party note receivable ​ ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 23 ​ ​ 23 Loss on deconsolidation of subsidiary ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Interest expense ​ ​ 49 ​ 22 ​ 2 ​ 3 ​ — ​ 1 ​ — ​ 71 ​ ​ 148 ​ ​ 73 ​ 2,113 ​ 440 ​ 100 ​ 41 ​ 48 ​ 26 ​ 103 ​ 2,944 (Loss) income before income tax (expense) benefit ​ (297) ​ 422 ​ 8 ​ 3 ​ 10 ​ (1) ​ — ​ (79) ​ 66 Income tax (expense) benefit ​ — ​ (80) ​ (1) ​ (3) ​ — ​ — ​ — ​ (12) ​ (96) Net (loss) income ​ (297) ​ 342 ​ 7 ​ — ​ 10 ​ (1) ​ — ​ (91) ​ (30) Less: net (loss) income attributable to non-controlling interests ​ (131) ​ 107 ​ — ​ — ​ — ​ — ​ — ​ — ​ (24) Net (loss) income attributable to Icahn Enterprises ​ $ (166) ​ $ 235 ​ $ 7 ​ $ — ​ $ 10 ​ $ (1) ​ $ — ​ $ (91) ​ $ (6) Supplemental information: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ $ — ​ $ 50 ​ $ 17 ​ $ 2 ​ $ — ​ $ 1 ​ $ — ​ $ — ​ $ 70 Depreciation and amortization ​ $ — ​ $ 96 ​ $ 17 ​ $ 6 ​ $ 4 ​ $ 2 ​ $ 7 ​ $ 1 ​ $ 133 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2024 ​ Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated ​ ​ (in millions) Revenues: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ — ​ $ 5,663 ​ $ 637 ​ $ 307 ​ $ 17 ​ $ 127 ​ $ 76 ​ $ — ​ $ 6,827 Other revenues from operations ​ — ​ — ​ 504 ​ — ​ 59 ​ — ​ 3 ​ — ​ 566 Net loss from investment activities ​ (318) ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ (318) Interest and dividend income ​ 269 ​ 30 ​ 3 ​ — ​ 1 ​ — ​ 1 ​ 76 ​ 380 Loss on disposition of assets, net ​ — ​ (1) ​ (5) ​ — ​ — ​ — ​ — ​ — ​ (6) Other income (loss), net ​ — ​ 10 ​ — ​ (3) ​ — ​ (3) ​ 1 ​ 8 ​ 13 ​ ​ (49) ​ 5,702 ​ 1,139 ​ 304 ​ 77 ​ 124 ​ 81 ​ 84 ​ 7,462 Expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost of goods sold ​ — ​ 5,549 ​ 461 ​ 252 ​ 13 ​ 98 ​ 41 ​ — ​ 6,414 Other expenses from operations ​ — ​ — ​ 412 ​ — ​ 50 ​ — ​ — ​ — ​ 462 Dividend expense ​ ​ 47 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 47 Selling, general and administrative ​ 15 ​ 124 ​ 303 ​ 36 ​ 14 ​ 31 ​ 32 ​ 23 ​ 578 Restructuring, net ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 Interest expense ​ 63 ​ 86 ​ 2 ​ 8 ​ — ​ 1 ​ — ​ 234 ​ 394 ​ ​ 125 ​ 5,759 ​ 1,178 ​ 297 ​ 77 ​ 130 ​ 73 ​ 257 ​ 7,896 (Loss) income before income tax (expense) benefit ​ (174) ​ (57) ​ (39) ​ 7 ​ — ​ (6) ​ 8 ​ (173) ​ (434) Income tax benefit (expense) ​ — ​ 26 ​ 13 ​ (3) ​ — ​ — ​ — ​ (34) ​ 2 Net (loss) income ​ (174) ​ (31) ​ (26) ​ 4 ​ — ​ (6) ​ 8 ​ (207) ​ (432) Less: net (loss) income attributable to non-controlling interests ​ (86) ​ — ​ — ​ 1 ​ — ​ — ​ — ​ — ​ (85) Net (loss) income attributable to Icahn Enterprises ​ $ (88) ​ $ (31) ​ $ (26) ​ $ 3 ​ $ — ​ $ (6) ​ $ 8 ​ $ (207) ​ $ (347) Supplemental information: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ $ — ​ $ 124 ​ $ 40 ​ $ 10 ​ $ 15 ​ $ 3 ​ $ — ​ $ — ​ $ 192 Depreciation and amortization ​ $ — ​ $ 272 ​ $ 56 ​ $ 18 ​ $ 10 ​ $ 5 ​ $ 21 ​ $ — ​ $ 382 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2023 ​ Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated ​ ​ (in millions) ​ ​ Revenues: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ — ​ $ 7,045 ​ $ 799 ​ $ 340 ​ $ 49 ​ $ 132 ​ $ 68 ​ $ — ​ $ 8,433 Other revenues from operations ​ — ​ — ​ 527 ​ — ​ 58 ​ — ​ 3 ​ — ​ 588 Net loss from investment activities ​ (1,275) ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ (1,275) Interest and dividend income ​ 386 ​ 23 ​ 1 ​ — ​ — ​ — ​ — ​ 71 ​ 481 (Loss) gain on disposition of assets, net ​ ​ — ​ (1) ​ 6 ​ — ​ — ​ — ​ — ​ — ​ 5 Other income (loss), net ​ 1 ​ 10 ​ — ​ (8) ​ 1 ​ 1 ​ 1 ​ — ​ 6 ​ ​ (888) ​ 7,077 ​ 1,333 ​ 332 ​ 108 ​ 133 ​ 72 ​ 71 ​ 8,238 Expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost of goods sold ​ — ​ 5,964 ​ 540 ​ 264 ​ 34 ​ 104 ​ 41 ​ — ​ 6,947 Other expenses from operations ​ — ​ — ​ 435 ​ — ​ 48 ​ — ​ — ​ — ​ 483 Dividend expense ​ 68 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 68 Selling, general and administrative ​ 19 ​ 128 ​ 362 ​ 43 ​ 13 ​ 29 ​ 35 ​ 24 ​ 653 Restructuring, net ​ — ​ — ​ — ​ — ​ — ​ 1 ​ — ​ — ​ 1 Credit loss on related party note receivable ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 139 ​ ​ 139 Loss on deconsolidation of subsidiary ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 246 ​ ​ 246 Interest expense ​ 132 ​ 67 ​ 3 ​ 9 ​ — ​ 1 ​ — ​ 214 ​ 426 ​ ​ 219 ​ 6,159 ​ 1,340 ​ 316 ​ 95 ​ 135 ​ 76 ​ 623 ​ 8,963 (Loss) income before income tax (expense) benefit ​ (1,107) ​ 918 ​ (7) ​ 16 ​ 13 ​ (2) ​ (4) ​ (552) ​ (725) Income tax (expense) benefit ​ — ​ (173) ​ 5 ​ (4) ​ — ​ — ​ — ​ 90 ​ (82) Net (loss) income ​ (1,107) ​ 745 ​ (2) ​ 12 ​ 13 ​ (2) ​ (4) ​ (462) ​ (807) Less: net (loss) income attributable to non-controlling interests ​ (555) ​ 292 ​ — ​ 1 ​ — ​ — ​ — ​ — ​ (262) Net (loss) income attributable to Icahn Enterprises ​ $ (552) ​ $ 453 ​ $ (2) ​ $ 11 ​ $ 13 ​ $ (2) ​ $ (4) ​ $ (462) ​ $ (545) Supplemental information: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ $ — ​ $ 150 ​ $ 38 ​ $ 9 ​ $ 2 ​ $ 2 ​ $ — ​ $ — ​ $ 201 Depreciation and amortization ​ $ — ​ $ 269 ​ $ 58 ​ $ 20 ​ $ 10 ​ $ 5 ​ $ 21 ​ $ 1 ​ $ 384 ​ ​ Disaggregation of Revenue In addition to the condensed statements of operations by reporting segment above, we provide additional disaggregated revenue information for our Energy and Automotive segments below. Energy ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2024 2023 2024 2023 ​ ​ (in millions) Petroleum products ​ $ 1,709 ​ $ 2,392 ​ ​ 5,277 ​ $ 6,505 Nitrogen fertilizer products ​ 125 ​ 130 ​ 386 ​ 540 ​ ​ $ 1,834 ​ $ 2,522 ​ $ 5,663 ​ $ 7,045 ​ Automotive ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2024 2023 2024 2023 ​ ​ (in millions) Automotive Services ​ $ 355 ​ $ 406 ​ $ 1,074 ​ $ 1,167 Aftermarket Parts ​ 4 ​ 24 ​ 22 ​ 116 Total revenue from customers ​ $ 359 ​ $ 430 ​ ​ 1,096 ​ ​ 1,283 Lease revenue outside the scope of ASC 606 ​ ​ 15 ​ ​ 14 ​ ​ 45 ​ ​ 43 Total Automotive net sales and other revenues from operations ​ $ 374 ​ $ 444 ​ $ 1,141 ​ $ 1,326 ​ Condensed Balance Sheets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ ​ Investment ​ Energy ​ Automotive ​ Food Packaging ​ Real Estate ​ Home Fashion ​ Pharma ​ Holding Company ​ Consolidated ​ ​ (in millions) ASSETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 5 ​ $ 534 ​ $ 111 ​ $ 6 ​ $ 27 ​ $ 5 ​ $ 40 ​ $ 1,566 ​ $ 2,294 Cash held at consolidated affiliated partnerships and restricted cash ​ 2,254 ​ — ​ 6 ​ — ​ 2 ​ 3 ​ — ​ 175 ​ 2,440 Investments ​ 2,476 ​ 95 ​ — ​ — ​ 14 ​ — ​ — ​ — ​ 2,585 Accounts receivable, net ​ — ​ 281 ​ 34 ​ 83 ​ 18 ​ 28 ​ 32 ​ — ​ 476 Inventories, net ​ — ​ 498 ​ 156 ​ 111 ​ — ​ 96 ​ 22 ​ — ​ 883 Related party notes receivable, net ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 7 ​ ​ 7 Property, plant and equipment, net ​ — ​ 2,503 ​ 810 ​ 126 ​ 370 ​ 52 ​ — ​ 4 ​ 3,865 Goodwill and intangible assets, net ​ — ​ 164 ​ 329 ​ 22 ​ — ​ 20 ​ 177 ​ — ​ 712 Other assets ​ 3,013 ​ 307 ​ 484 ​ 99 ​ 65 ​ 17 ​ 7 ​ 189 ​ 4,181 Total assets ​ $ 7,748 ​ $ 4,382 ​ $ 1,930 ​ $ 447 ​ $ 496 ​ $ 221 ​ $ 278 ​ $ 1,941 ​ $ 17,443 LIABILITIES AND EQUITY ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable, accrued expenses and other liabilities ​ $ 802 ​ $ 1,497 ​ $ 811 ​ $ 117 ​ $ 47 ​ $ 43 ​ $ 57 ​ $ 116 ​ $ 3,490 Securities sold, not yet purchased, at fair value ​ 2,679 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 2,679 Debt ​ — ​ 1,582 ​ 24 ​ 142 ​ 2 ​ 14 ​ — ​ 4,683 ​ 6,447 Total liabilities ​ 3,481 ​ 3,079 ​ 835 ​ 259 ​ 49 ​ 57 ​ 57 ​ 4,799 ​ 12,616 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity attributable to Icahn Enterprises ​ 2,745 ​ 664 ​ 1,095 ​ 172 ​ 442 ​ 164 ​ 221 ​ (2,858) ​ 2,645 Equity attributable to non-controlling interests ​ 1,522 ​ 639 ​ — ​ 16 ​ 5 ​ — ​ — ​ — ​ 2,182 Total equity ​ 4,267 ​ 1,303 ​ 1,095 ​ 188 ​ 447 ​ 164 ​ 221 ​ (2,858) ​ 4,827 Total liabilities and equity ​ $ 7,748 ​ $ 4,382 ​ $ 1,930 ​ $ 447 ​ $ 496 ​ $ 221 ​ $ 278 ​ $ 1,941 ​ $ 17,443 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ Investment ​ Energy ​ Automotive ​ Food Packaging ​ Real Estate ​ Home Fashion ​ Pharma ​ Holding Company ​ Consolidated ​ ​ (in millions) ASSETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 23 ​ $ 1,179 ​ $ 104 ​ $ 8 ​ $ 22 ​ $ 5 ​ $ 26 ​ $ 1,584 ​ $ 2,951 Cash held at consolidated affiliated partnerships and restricted cash ​ 2,799 ​ 7 ​ 9 ​ — ​ 4 ​ 3 ​ — ​ 173 ​ 2,995 Investments ​ 2,898 ​ 100 ​ — ​ — ​ 14 ​ — ​ — ​ — ​ 3,012 Accounts receivable, net ​ — ​ 286 ​ 41 ​ 89 ​ 16 ​ 26 ​ 27 ​ — ​ 485 Related party note receivable, net ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 11 ​ ​ 11 Inventories, net ​ — ​ 604 ​ 228 ​ 111 ​ — ​ 81 ​ 23 ​ — ​ 1,047 Property, plant and equipment, net ​ — ​ 2,594 ​ 822 ​ 134 ​ 363 ​ 52 ​ — ​ 4 ​ 3,969 Goodwill and intangible assets, net ​ — ​ 179 ​ 335 ​ 23 ​ — ​ 19 ​ 198 ​ — ​ 754 Other assets ​ 4,425 ​ 310 ​ 480 ​ 101 ​ 69 ​ 17 ​ 8 ​ 224 ​ 5,634 Total assets ​ $ 10,145 ​ $ 5,259 ​ $ 2,019 ​ $ 466 ​ $ 488 ​ $ 203 ​ $ 282 ​ $ 1,996 ​ $ 20,858 LIABILITIES AND EQUITY ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable, accrued expenses and other liabilities ​ $ 1,312 ​ $ 1,553 ​ $ 890 ​ $ 148 ​ $ 43 ​ $ 42 ​ $ 55 ​ $ 62 ​ $ 4,105 Securities sold, not yet purchased, at fair value ​ 3,473 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 3,473 Debt ​ — ​ 2,185 ​ 33 ​ 133 ​ 1 ​ 8 ​ — ​ 4,847 ​ 7,207 Total liabilities ​ 4,785 ​ 3,738 ​ 923 ​ 281 ​ 44 ​ 50 ​ 55 ​ 4,909 ​ 14,785 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity attributable to Icahn Enterprises ​ 3,243 ​ 795 ​ 1,096 ​ 168 ​ 439 ​ 153 ​ 227 ​ (2,913) ​ 3,208 Equity attributable to non-controlling interests ​ 2,117 ​ 726 ​ — ​ 17 ​ 5 ​ — ​ — ​ — ​ 2,865 Total equity ​ 5,360 ​ 1,521 ​ 1,096 ​ 185 ​ 444 ​ 153 ​ 227 ​ (2,913) ​ 6,073 Total liabilities and equity ​ $ 10,145 ​ $ 5,259 ​ $ 2,019 ​ $ 466 ​ $ 488 ​ $ 203 ​ $ 282 ​ $ 1,996 ​ $ 20,858 ​

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2024
Income Taxes
Income Taxes	​ 15. Income Taxes For the three months ended September 30, 2024, we recorded an income tax benefit of $13 million on pre-tax income of $67 million compared to an income tax expense of $96 million on pre-tax income of $66 million for the three months ended September 30, 2023. Our effective income tax rate was (19.4)% and 144% for the three months ended September 30, 2024 and 2023, respectively. For the three months ended September 30, 2024, the effective tax rate was lower than the statutory federal rate of 21%, for corporations, primarily due to partnership gains for which there was no tax expense as such income is allocated to the partners and from the impact of permanent tax benefits related to earnings attributable to noncontrolling interest and federal tax credits and incentives. For the three months ended September 30, 2023, the effective tax rate was higher than the statutory federal rate of 21%, for corporations, primarily due to partnership loss for which there was no tax benefit as such losses are allocated to the partners and from changes in the valuation allowance. ​ For the nine months ended September 30, 2024, we recorded an income tax benefit of $2 million on a pre-tax loss of $434 million compared to an income tax expense of $82 million on a pre-tax loss of $725 million for the nine months ended September 30, 2023. Our effective income tax rate was 0.5% and (11.2%) for the nine months ended September 30, 2024 and 2023, respectively. ​ For the nine months ended September 30, 2024, the effective tax rate was lower than the statutory federal tax rate of 21%, for corporations, primarily due to changes in the valuation allowance and from partnership losses for which there was no tax benefit as such losses are allocated to the partner. For the nine months ended September 30, 2023, the effective tax rate was lower than the statutory federal tax rate of 21%, for corporations, primarily due to partnership loss for which there was no tax benefit as such losses are allocated to the partner and from changes in the valuation allowance. ​

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2024
Changes in Accumulated Other Comprehensive Loss
Changes in Accumulated Other Comprehensive Loss	16. Changes in Accumulated Other Comprehensive Loss Changes in accumulated other comprehensive loss consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Translation ​ Post-Retirement ​ ​ ​ ​ ​ Adjustments, Net ​ Benefits, Net ​ ​ ​ ​ of Tax of Tax Total ​ ​ (in millions) Balance, December 31, 2023 ​ $ (33) ​ $ (22) ​ $ (55) Other comprehensive loss before reclassifications, net of tax ​ — ​ — ​ — Other comprehensive loss, net of tax ​ — ​ — ​ — Balance, September 30, 2024 ​ $ (33) ​ $ (22) ​ $ (55) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Translation ​ Post-Retirement ​ ​ ​ ​ ​ Adjustments, Net ​ Benefits, Net ​ ​ ​ ​ of Tax of Tax Total ​ ​ (in millions) Balance, December 31, 2022 ​ $ (45) ​ $ (25) ​ $ (70) Other comprehensive loss before reclassifications, net of tax ​ — ​ 1 ​ 1 Other comprehensive loss, net of tax ​ — ​ 1 ​ 1 Balance, September 30, 2023 ​ $ (45) ​ $ (24) ​ $ (69) ​

Other Income, Net

Other Income, Net	9 Months Ended
	Sep. 30, 2024
Other Income, Net
Other Income, Net	17. Other Income, Net Other income, net consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2024 2023 2024 2023 ​ ​ (in millions) Equity earnings from non-consolidated affiliates ​ $ 3 ​ $ 4 ​ $ 10 ​ $ 9 Foreign currency transaction (loss) gain ​ — ​ (1) ​ (2) ​ 1 Gain on extinguishment of debt, net ​ 10 ​ — ​ 8 ​ — Other ​ (6) ​ — ​ (3) ​ (4) ​ ​ $ 7 ​ $ 3 ​ $ 13 ​ $ 6 ​

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies
Commitments and Contingencies	​ 18. 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 human health and safety and the environment, particularly regarding plant wastes and emissions and solid waste disposal. Our consolidated environmental liabilities on an undiscounted basis were $4 million and $19 million as of September 30, 2024 and December 31, 2023, 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 RFS Disputes - CVR Energy’s obligated-party subsidiaries are subject to the Renewable Fuel Standard (“RFS”) implemented by the EPA which requires refiners to either blend renewable fuels into their transportation fuels or purchase renewable fuel credits, known as RINs, in lieu of blending, in an amount equal to the renewable volume obligation (“RVO”) for the applicable compliance year. CVR Energy’s obligated-party subsidiaries are not able to blend the substantial majority of their transportation fuels and, unless their obligations are waived or exempted by the EPA, must either purchase RINs on the open market or obtain waiver credits for cellulosic biofuels in order to comply with the RFS. CVR Energy’s obligated-party subsidiaries also purchase RINs generated from its renewable diesel operations to partially satisfy their RFS obligations. One of CVR Energy’s obligated-party subsidiaries, Wynnewood Refining Company, LLC (“WRC”), qualifies as a “small refinery” defined under the RFS as a refinery with an average aggregate daily crude oil throughput for a calendar year no greater than 75,000 barrels, which enables WRC to seek small refinery exemptions (“SREs”) under the RFS should it be able to establish it suffered disproportionate economic hardship. WRC has submitted SRE petitions for the 2017 through 2024 compliance periods, which petitions are in various stages of review by the EPA and/or various courts . Regarding WRC’s SRE petitions for the 2017 to 2021 compliance periods which, together with the SRE petitions from certain other small refineries, had been denied by the EPA in 2022 (the “2022 Denials”), the EPA has yet to act on those petitions after the EPA’s denials were vacated by the United States Court of Appeals for the Fifth Circuit (the “Fifth Circuit”) in November 2023 and remanded back to the EPA on the grounds that the EPA’s denials were impermissibly retroactive and that the EPA’s interpretation was contrary to law and arbitrary and capricious as applied to petitioners’ exemptions. In May 2024, the EPA and certain biofuels groups sought certiorari before the Supreme Court of the United States (“SCOTUS”) seeking review of whether venue for these challenges to the 2022 Denials lies exclusively in the United States Court of Appeals for the District of Colombia Circuit (the “DC Circuit”), which certiorari was granted in October 2024. Oral argument is expected sometime in 2025. In July 2024, the DC Circuit ruled in favor of certain small refineries also challenging the 2022 Denials, holding that the 2022 Denials as applicable to those small refineries were arbitrary and capricious, vacating such denials and remanding such petitions back to the EPA. The DC Circuit also dismissed a challenge brought by biofuel producers to the EPA’s alternative compliance action, concluding that the petitioners had not established any harm from EPA’s decision and therefore lacked standing to sue. WRC’s SRE petition for the 2022 compliance period, which was denied by the EPA in July 2023 largely on the same grounds as the 2022 Denials, remains stayed until issuance of the mandate in the DC Circuit case. ​ WRC’s lawsuit, filed in July 2024 in the United States District Court for the Southern District of Texas seeking, among other relief, a declaration that the Administrator of the EPA violated the CAA by failing to timely rule on WRC’s SRE petition for the 2023 compliance period within 90 days following receipt and compelling the Administrator to rule on WRC’s 2023 SRE petition by an expeditious date certain, remains pending. Similarly, EPA has not yet ruled on WRC’s petition for the 2024 compliance period, which ruling is due before the end of 2024. ​ As these matters are in various stages, CVR Energy cannot yet determine at this time the outcomes of these matters. While CVR Energy intends to prosecute these actions vigorously, if these matters are ultimately concluded in a manner adverse to CVR Energy, except as noted above, they could have a material effect on CVR Energy’s financial position, results of operations, or cash flows. Our Energy segment recognized an expense of approximately $86 million and a benefit of $135 million for the three months ended September 30, 2024 and 2023, respectively, and an expense of $65 million and a benefit of $99 million for the nine months ended September 30, 2024 and 2023, respectively for CVR Energy’s obligated-party subsidiaries’ compliance with the RFS (based on the 2020 through 2024 annual RVO for the respective periods, excluding the impacts of any exemptions or waivers to which the obligated-party subsidiaries may be entitled). These recognized amounts are included in cost of goods sold in the consolidated statements of operations and represent costs to comply with the RFS obligation through purchasing of RINs not otherwise reduced by blending of ethanol, biodiesel, or renewable diesel. 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 Energy’s obligated-party subsidiaries may be entitled), the remaining position is valued using RIN market prices at period end using each specific or closest vintage year. As of September 30, 2024 and December 31, 2023, CVR Energy’s obligated-party subsidiaries’ RFS position was $374 million and $329 million, respectively, and is included in accrued expenses and other liabilities in the condensed consolidated balance sheets. 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 is subject to fees of up to $15 million per year, with an overall cap at $45 million, should it fail to perform. 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. See the matters described under the caption “Other” below. Energy Call Option Coverage Case – The lawsuits involving CVR Energy and certain of its affiliates (the “Call Defendants”) and CVR Energy’s primary and excess insurers (the “Insurers”) relating to insurance coverage for settlement by the Call Defendants of the consolidated lawsuits filed by purported former unitholders of CVR Refining, LP (“CVR Refining”) on behalf of themselves and an alleged class of similarly situated unitholders relating to CVR Energy’s exercise of the call option under the CVR Refining Amended and Restated Agreement of Limited Partnership remain pending, with mediation scheduled for November 2024. While these cases remain pending, CVR Energy does not expect the outcome of these lawsuits to have a material adverse impact on CVR Energy’s financial position, results of operations, or cash flows. Guaranty Dispute Other Matters Pension Obligations Mr. Icahn, through certain affiliates, owns 100% of Icahn Enterprises GP and approximately 86% of Icahn Enterprises’ outstanding depositary units as of September 30, 2024. Applicable pension and tax laws make each member of a “controlled group” of entities, generally defined as entities in which there is at least an 80% common ownership interest, jointly and severally liable for certain pension plan obligations of any member of the controlled group. These pension obligations include ongoing contributions to fund the plan, as well as liability for any unfunded liabilities that may exist at the time the plan is terminated. In addition, the failure to pay these pension obligations when due may result in the creation of liens in favor of the pension plan or the Pension Benefit Guaranty Corporation (the “PBGC”) against the assets of each member of the controlled group. As a result of the more than 80% ownership interest in us by Mr. Icahn’s affiliates, we and our subsidiaries are subject to the pension liabilities of entities in which Mr. Icahn has a direct or indirect ownership interest of at least 80%, which includes the liabilities of pension plans sponsored by Viskase and ACF Industries LLC (“ACF”), an affiliate of Mr. Icahn. All the minimum funding requirements of the Internal Revenue Code, as amended, and the Employee Retirement Income Security Act of 1974, as amended, for the Viskase and ACF plans have been met as of September 30, 2024. If the plans were voluntarily terminated, they would be underfunded by an aggregate of approximately $28 million as of September 30, 2024. 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 aggregate 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 and his affiliates (excluding us and Brett 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 Icahn Enterprises L.P. was contacted on May 3, 2023 by the U.S. Attorney’s office for the Southern District of New York and on June 21, 2023 by the staff of the Division of Enforcement of the U.S. Securities and Exchange Commission (the “SEC”), seeking production of information relating to the Company and certain of its affiliates’ corporate governance, capitalization, securities offerings, disclosure, dividends, valuation, marketing materials, due diligence and other materials. On August 19, 2024, the Company and Mr. Icahn, entered into settlement agreements with the SEC in connection with this inquiry. In connection with that settlement, the SEC entered an order in an administrative proceeding that contains non-scienter based findings that the Company failed to disclose in its Form 10-Ks for the years 2018, 2019 and 2020 that Mr. Icahn pledged IEP securities as collateral to secure personal margin loans as required by Item 403(b) of Regulation S-K. The order relating to Mr. Icahn contains non-scienter based findings that, while Mr. Icahn’s prior Schedule 13D filings generally disclosed that he had pledged IEP depositary units as collateral for personal margin loans, subsequent Schedule 13D filings were not amended to describe loan agreements and amendments to loan agreements or to attach guarantees as required by Items 6 and 7 of Schedule 13D. Without admitting or denying the SEC’s allegations (other than with respect to the SEC’s jurisdiction), under the terms of the settlements, (i) IEP consented to the entry of an order requiring it to pay a civil penalty of $1.5 million and to cease and desist from violations and any future violations of Section 13(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Rule 13a-1 thereunder, and (ii) Mr. Icahn consented to the entry of an order requiring him to pay a civil penalty of $500,000 and to cease and desist from committing or causing any violations of Section 13(d)(2) of the Exchange Act and Rule 13d-2(a) thereunder. With respect to the request from the U.S. Attorney’s office for the SDNY, the Company produced documents in response to that inquiry and has had no substantive communication with the U.S. Attorney’s office since the initial inquiry on May 3, 2023. ​ In addition, two putative securities class action lawsuits were filed against the Company in the U.S. District Court for the Southern District of Florida alleging violations of the federal securities laws, Okaro v. Icahn Enterprises L.P. et al. Levine v. Icahn Enterprises L.P. et al. Patrick Pickney v. Icahn Enterprises G.P. Inc. Case No. 1:23-cv-22932-KMW Bruno v. Icahn Enterprises, L.P. et al. We believe that we maintain a strong compliance program and, while no assurances can be made, and we continue to evaluate these matters, we do not currently believe that the remaining inquiries and litigations will have a material impact on our business, financial condition, results of operations or cash flows.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2024
Supplemental Cash Flow Information
Supplemental Cash Flow Information	19. Supplemental Cash Flow Information Supplemental cash flow information consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ 2024 2023 ​ ​ (in millions) Cash payments for interest ​ $ (287) ​ $ (299) Cash payments for income taxes, net of payments ​ (66) ​ (95) Partnership contributions receivable ​ — ​ 6 Non-cash Investment segment distributions to non-controlling interests ​ ​ — ​ ​ (2) ​

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events
Subsequent Events	20. Subsequent Events Icahn Enterprises LP Unit Distribution On November 6, 2024, the Board of Directors of the general partner of Icahn Enterprises declared a quarterly distribution in the amount of $0.50 per depositary unit, which will be paid on or about December 26, 2024 to depositary unitholders of record at the close of business on November 18, 2024. Depositary unitholders will have until December 13, 2024 to make a timely election to receive either cash or additional depositary units. If a unitholder does not make a timely election, it will automatically be deemed to have elected to receive the distribution in additional depositary units. Depositary unitholders who elect to receive (or who are deemed to have elected to receive) additional depositary units will receive units valued at the volume weighted average trading price of the units during the five consecutive trading days ending December 20, 2024. 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. ​ Settlement of Exchange Offer In August 2024, we commenced an offer to exchange $700 million aggregate principal amount of our 9.750% senior notes due 2029 that have been registered under the Securities Act for $700 million aggregate principal amount of our issued and outstanding, unregistered 9.750% senior notes due 2029 and $750 million in aggregate principal amount of our 9.000% senior notes due 2030 that have been registered under the Securities Act for $750 million in aggregate principal amount of our issued and outstanding, unregistered 9.000% senior notes due 2030. The offer expired on October 17, 2024. ​ ​

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 22	$ (6)	$ (347)	$ (545)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Basis of Presentation and Summary of Significant Accounting Policies
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 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. During 2023, we established a captive insurance program to supplement the insurance coverage of the officers, directors, employees and agents of the Company, its subsidiaries and our general partner, in addition to our established commercial insurance program. We hold assets in a protected cell, which we are the primary beneficiary of, and therefore consolidate the protected cell. At September 30, 2024, total assets related to the protected cell were $107 million, and included in restricted cash in the condensed consolidated balance sheet.
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 September 30, 2024 was approximately $6.4 billion and $6.3 billion, respectively. The carrying value and estimated fair value of our long-term debt as of December 31, 2023 was approximately $7.2 billion and $6.9 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 $808 million and $1,068 million as of September 30, 2024 and December 31, 2023, 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 used for the general operating needs of the Investment segment or Icahn Enterprises. Our restricted cash balance was $1,632 million and $1,927 million as of September 30, 2024 and December 31, 2023, respectively. Restricted cash includes, but is not limited to, our Investment segment’s cash pledged and held for margin requirements on derivative transactions and cash held related to our captive insurance program.
Revenue From Contracts With Customers and Contract Balances	Revenue From Contracts With Customers and Contract Balances Due to the nature of our business, we derive revenue from various sources in various industries. With the exception of all of our Investment segment’s and our Holding Company’s revenues, and our Real Estate segment’s 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 segment’s and Automotive segment’s leasing revenue, as disclosed in Note 11, “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 14, “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 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. As of September 30, 2024, our Energy segment had $9 million of remaining performance obligations for contracts with an original expected duration of more than one year. Our Energy segment expects to recognize $1 million of these performance obligations as revenue by the end of 2024 2025 2026 In addition, deferred revenue includes agreements entered into with third-party investors that has allowed our Energy segment to monetize certain tax credits available under Section 45Q of the Internal Revenue Code (the “45Q Transaction”). Our Energy segment had deferred revenue of Automotive Our Automotive segment had deferred revenue with respect to extended warranty plans of $39 million and $45 million as of September 30, 2024 and December 31, 2023, respectively, which are included in accrued expenses and other liabilities on the condensed consolidated balance sheets. For the nine months ended September 30, 2024 and 2023, our Automotive segment recorded deferred revenue of $17 million and $15 million, respectively, outstanding as of the beginning of each period.
Adoption of New Accounting Standards and Recently Issued Accounting Standards	Adoption of New Accounting Standards In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions, Fair Value Measurement Recently Issued Accounting Standards In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740) – Improvements to Income Tax Disclosures, In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures

Fair Value Measurements (Polici

Fair Value Measurements (Policies)	9 Months Ended
	Sep. 30, 2024
Fair Value Measurements
Determination of when transfers between fair value levels occurs	In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and consideration of factors specific to the assets and liabilities. Significant transfers, if any, between the levels within the fair value hierarchy are recognized at the beginning of the reporting period when changes in circumstances require such transfers. ​ ​

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Net (Policies)	9 Months Ended
	Sep. 30, 2024
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)	9 Months Ended
	Sep. 30, 2024
Investment Segment
Schedule of Investments
Investment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2024 2023 ​ ​ (in millions) Assets ​ ​ ​ ​ ​ ​ Investments: ​ ​ Equity securities: ​ ​ Communications ​ $ 67 ​ $ — Consumer, cyclical ​ 292 ​ 260 Energy ​ 59 ​ 708 Utilities ​ 937 ​ 1,012 Healthcare ​ 521 ​ 440 Technology ​ — ​ 139 Materials ​ 394 ​ 52 Industrial ​ 174 ​ — ​ ​ 2,444 ​ 2,611 Debt securities: ​ ​ ​ ​ ​ ​ Financials ​ ​ — ​ ​ 158 Real Estate ​ ​ 32 ​ ​ 44 Communications ​ ​ — ​ ​ 85 ​ ​ 32 ​ 287 ​ ​ $ 2,476 ​ $ 2,898 Liabilities ​ ​ Securities sold, not yet purchased, at fair value: ​ ​ Equity securities: ​ ​ Consumer, non-cyclical ​ $ — ​ $ 41 Consumer, cyclical ​ ​ — ​ ​ 3 Energy ​ 988 ​ 2,146 Utilities ​ 578 ​ 610 Materials ​ 298 ​ 350 Industrial ​ ​ 134 ​ ​ 138 ​ ​ ​ 1,998 ​ ​ 3,288 Debt securities: ​ ​ ​ ​ ​ ​ Communications ​ ​ 661 ​ ​ — Materials ​ ​ 20 ​ ​ 185 ​ ​ $ 2,679 ​ $ 3,473 ​ ​ ​ ​ ​ ​ ​
Other Segments and Holding Company
Schedule of Investments
Investment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2024 2023 ​ ​ (in millions) Equity method investments ​ $ 95 ​ $ 100 Held to maturity debt investments measured at amortized cost ​ ​ 11 ​ ​ 11 Other investments measured at fair value ​ 3 ​ 3 ​ ​ $ 109 ​ $ 114

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value Measurements
Assets measured at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ December 31, 2023 ​ Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total ​ ​ (in millions) Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments (Note 5) ​ $ 2,406 ​ $ 32 ​ $ 41 ​ $ 2,479 ​ $ 2,730 ​ $ 129 ​ $ 42 ​ $ 2,901 Derivative assets, net (Note 7) ​ — ​ 43 ​ — ​ 43 ​ — ​ 64 ​ — ​ 64 ​ ​ $ 2,406 ​ $ 75 ​ $ 41 ​ $ 2,522 ​ $ 2,730 ​ $ 193 ​ $ 42 ​ $ 2,965 Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities sold, not yet purchased (Note 5) ​ $ 1,998 ​ $ 681 ​ $ — ​ $ 2,679 ​ $ 3,288 ​ $ 185 ​ $ — ​ $ 3,473 Derivative liabilities, net (Note 7) ​ — ​ 685 ​ — ​ 685 ​ — ​ 979 ​ — ​ 979 RFS obligations (Note 18) ​ — ​ 374 ​ — ​ 374 ​ — ​ 329 ​ — ​ 329 ​ ​ $ 1,998 ​ $ 1,740 ​ $ — ​ $ 3,738 ​ $ 3,288 ​ $ 1,493 ​ $ — ​ $ 4,781

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Derivative
Notional exposure of derivative instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ December 31, 2023 ​ Long Notional Exposure Short Notional Exposure Long Notional Exposure Short Notional Exposure ​ ​ ​ (in millions) Primary underlying risk: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity contracts ​ $ 1,782 ​ $ 1,912 ​ $ 1,882 ​ $ 2,350 Credit contracts (1) ​ 528 ​ 150 ​ ​ — ​ 435 Commodity contracts ​ — ​ 122 ​ ​ — ​ ​ 409 (1) The short notional amount on our credit default swap positions was approximately $0.8 billion and $2.5 billion at September 30, 2024 and December 31, 2023, respectively. However, because credit spreads cannot compress below zero , our downside short notional exposure to loss is approximately $0.15 billion and $0.4 billion as of September 30, 2024 and December 31, 2023, respectively.
Investment Segment
Derivative
Fair value and income recognized for derivatives not designated as hedging instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative Assets ​ Derivative Liabilities ​ September 30, 2024 December 31, 2023 September 30, 2024 December 31, 2023 ​ ​ ​ (in millions) Equity contracts ​ $ 122 ​ $ 11 ​ $ 829 ​ $ 999 Credit contracts ​ 27 ​ 39 ​ 1 ​ 2 Commodity contracts ​ 30 ​ 14 ​ — ​ 3 Sub-total ​ 179 ​ 64 ​ 830 ​ 1,004 Netting across contract types (1) ​ (152) ​ (25) ​ (152) ​ (25) Total (1) ​ $ 27 ​ $ 39 ​ $ 678 ​ $ 979 (1) Excludes netting of cash collateral received and posted. The total collateral posted at September 30, 2024 and December 31, 2023 was $1.4 billion and $1.7 billion, respectively, across all counterparties, which are included in cash held at consolidated affiliated partnerships and restricted cash in the condensed consolidated balance sheets. The following table presents the amount of gain (loss) recognized in the condensed consolidated statements of operations for our Investment segment’s derivatives not designated as hedging instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gain (loss) Recognized in Income (1) ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2024 2023 2024 2023 ​ ​ (in millions) Equity contracts ​ $ 79 ​ $ 32 ​ $ (132) ​ $ (618) Credit contracts ​ 29 ​ (63) ​ 3 ​ (29) Commodity contracts ​ 32 ​ (74) ​ 15 ​ (91) ​ ​ $ 140 ​ $ (105) ​ $ (114) ​ $ (738) (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
Derivative
Fair value and income recognized for derivatives not designated as hedging instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative Assets ​ Derivative Liabilities ​ September 30, 2024 December 31, 2023 September 30, 2024 December 31, 2023 ​ ​ ​ (in millions) Commodity contracts ​ $ 32 ​ $ 31 ​ $ 23 ​ $ 6 Netting across contract types (1) ​ (16) ​ (6) ​ (16) ​ (6) Total (1) ​ $ 16 ​ $ 25 ​ $ 7 ​ $ — ​ (1) Excludes netting of derivatives primarily related to initial margin requirements of $12 million and $13 million at September 30, 2024 and December 31, 2023, respectively, which was not offset against derivatives liabilities, net in the condensed consolidated balance sheets .

Related Party Notes Receivabl_2

Related Party Notes Receivable, Net (Tables)	9 Months Ended
	Sep. 30, 2024
Related Party Notes Receivable, Net
Schedule of related party notes receivable and related allowance for expected credit losses	​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ ​ ​ ​ Related party notes receivable, gross ​ $ 19 Less: Allowance for expected credit losses ​ ​ 12 Related party notes receivable, net ​ $ 7 ​ ​ ​ ​ Allowance for expected credit losses: ​ ​ ​ Beginning Balance as of December 31, 2023 ​ $ 12 Credit loss provision ​ ​ - Write-offs ​ ​ - Ending Balance as of September 30, 2024 ​ $ 12

Inventories, Net (Tables)

Inventories, Net (Tables)	9 Months Ended
	Sep. 30, 2024
Inventories, Net
Inventories	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2024 2023 ​ ​ (in millions) Raw materials ​ $ 274 ​ $ 367 Work in process ​ 98 ​ 95 Finished goods ​ ​ 511 ​ 585 ​ ​ $ 883 ​ $ 1,047 ​

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, Net (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets, Net
Schedule of Goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ December 31, 2023 ​ 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 ​ 23 ​ (3) ​ 20 ​ 22 ​ (3) ​ 19 Pharma ​ ​ 13 ​ ​ — ​ ​ 13 ​ ​ 13 ​ ​ — ​ ​ 13 ​ ​ $ 379 ​ $ (90) ​ $ 289 ​ $ 378 ​ $ (90) ​ $ 288
Intangible assets, net	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ December 31, 2023 ​ 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 ​ $ (243) ​ $ 149 ​ $ 392 ​ $ (229) ​ $ 163 Developed technology ​ ​ 254 ​ ​ (111) ​ ​ 143 ​ ​ 254 ​ ​ (90) ​ ​ 164 Other ​ 164 ​ (109) ​ 55 ​ 164 ​ (101) ​ 63 ​ ​ $ 810 ​ $ (463) ​ $ 347 ​ $ 810 ​ $ (420) ​ $ 390 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indefinite-lived intangible assets ​ ​ ​ $ 76 ​ ​ ​ $ 76 Intangible assets, net ​ ​ ​ $ 423 ​ ​ ​ $ 466

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2024
Leases
Schedule of right-of-use assets and lease liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2024 ​ 2023 ​ ​ (in millions) Operating Leases: ​ ​ ​ ​ Right-of-use assets (other assets) ​ $ 520 ​ $ 526 Lease liabilities (accrued expenses and other liabilities) ​ 524 ​ 531 ​ ​ ​ ​ ​ ​ ​ Financing Leases: ​ ​ ​ ​ Right-of-use assets (property, plant and equipment, net) ​ 50 ​ 55 Lease liabilities (debt) ​ 65 ​ 70
Schedule of operating lease term and discount rate	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Right-Of-Use Lease ​ Discount Operating Leases as of September 30, 2024 ​ Assets ​ Liabilities ​ Lease Term ​ Rate ​ ​ (in millions) ​ ​ ​ ​ ​ Energy ​ $ 55 ​ $ 52 ​ 5.1 years ​ 7.1% ​ Automotive ​ 420 ​ 431 5.5 years 6.0% ​ Food Packaging ​ 20 ​ 23 9.1 years 7.4% ​ Other segments and Holding Company ​ 25 ​ 18 ​ ​ ​ $ 520 ​ $ 524 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Right-Of-Use Lease ​ Discount ​ Operating Leases as of December 31, 2023 ​ Assets ​ Liabilities ​ Lease Term ​ Rate ​ ​ ​ (in millions) ​ ​ ​ ​ ​ Energy ​ $ 53 ​ $ 49 ​ 5.4 years ​ 6.7% ​ Automotive ​ 422 ​ 434 5.4 years 5.9% ​ Food Packaging ​ 22 ​ 25 9.1 years 7.4% ​ Other segments and Holding Company ​ 29 ​ 23 ​ ​ ​ $ 526 ​ $ 531 ​ ​ ​ ​ ​

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2024
Debt
Schedule of Long-term Debt Instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2024 2023 ​ ​ (in millions) Holding Company: ​ ​ ​ ​ 6.375% senior unsecured notes due 2025 ​ $ — ​ $ 749 6.250% senior unsecured notes due 2026 ​ 1,198 ​ 1,238 5.250% senior unsecured notes due 2027 ​ 1,384 ​ 1,454 4.375% senior unsecured notes due 2029 ​ ​ 656 ​ ​ 708 9.750% senior unsecured notes due 2029 ​ ​ 698 ​ ​ 698 9.000% senior unsecured notes due 2030 ​ ​ 747 ​ ​ — ​ ​ 4,683 ​ 4,847 Reporting Segments: ​ ​ ​ ​ ​ ​ Energy ​ 1,582 ​ 2,185 Automotive ​ 24 ​ 33 Food Packaging ​ 142 ​ 133 Real Estate ​ 2 ​ 1 Home Fashion ​ 14 ​ 8 ​ ​ 1,764 ​ 2,360 Total Debt ​ $ 6,447 ​ $ 7,207

Net Income (Loss) Per LP Unit (

Net Income (Loss) Per LP Unit (Tables)	9 Months Ended
	Sep. 30, 2024
Net Income (Loss) Per LP Unit
Schedule of computation of basic and diluted income per LP unit	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2024 2023 2024 2023 ​ ​ (in millions, except per unit amounts) Net income (loss) attributable to Icahn Enterprises ​ $ 22 $ (6) ​ $ (347) $ (545) Net income (loss) income attributable to Icahn Enterprises allocated to limited partners (98.01% allocation) ​ $ 22 ​ $ (6) ​ $ (340) ​ $ (534) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic and diluted income (loss) per LP unit: ​ $ 0.05 ​ $ (0.01) ​ $ (0.75) ​ $ (1.47) Basic and diluted weighted average LP units outstanding (1) ​ ​ 477 ​ ​ 394 ​ ​ 452 ​ ​ 364

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2024
Disaggregation of Revenue [Line Items]
Schedule of Condensed Income Statement by Segment	Condensed Statements of Operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2024 ​ Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated ​ ​ (in millions) Revenues: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ — ​ $ 1,834 ​ $ 206 ​ $ 101 ​ $ 6 ​ $ 47 ​ $ 27 ​ $ — ​ $ 2,221 Other revenues from operations ​ — ​ — ​ 168 ​ — ​ 23 ​ — ​ 1 ​ — ​ 192 Net gain from investment activities ​ 257 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 257 Interest and dividend income ​ 77 ​ 10 ​ 1 ​ — ​ 1 ​ — ​ — ​ 26 ​ 115 Loss on disposition of assets, net ​ — ​ — ​ (1) ​ — ​ — ​ — ​ — ​ — ​ (1) Other income (loss), net ​ — ​ 2 ​ — ​ (1) ​ — ​ (3) ​ 1 ​ 8 ​ 7 ​ ​ 334 ​ 1,846 ​ 374 ​ 100 ​ 30 ​ 44 ​ 29 ​ 34 ​ 2,791 Expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost of goods sold ​ — ​ 1,914 ​ 167 ​ 86 ​ 5 ​ 38 ​ 13 ​ — ​ 2,223 Other expenses from operations ​ — ​ — ​ 137 ​ — ​ 18 ​ — ​ — ​ — ​ 155 Dividend expense ​ 14 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 14 Selling, general and administrative ​ 5 ​ 47 ​ 102 ​ 12 ​ 5 ​ 10 ​ 12 ​ 9 ​ 202 Restructuring, net ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Credit loss on related party note receivable ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Loss on deconsolidation of subsidiary ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Interest expense ​ 19 ​ 27 ​ 1 ​ 2 ​ — ​ 1 ​ — ​ 80 ​ 130 ​ ​ 38 ​ 1,988 ​ 407 ​ 100 ​ 28 ​ 49 ​ 25 ​ 89 ​ 2,724 Income (loss) before income tax benefit (expense) ​ 296 ​ (142) ​ (33) ​ — ​ 2 ​ (5) ​ 4 ​ (55) ​ 67 Income tax benefit (expense) ​ — ​ 8 ​ 9 ​ — ​ — ​ — ​ — ​ (4) ​ 13 Net income (loss) ​ 296 ​ (134) ​ (24) ​ — ​ 2 ​ (5) ​ 4 ​ (59) ​ 80 Less: net income (loss) attributable to non-controlling interests ​ 104 ​ (46) ​ — ​ — ​ — ​ — ​ — ​ — ​ 58 Net income (loss) attributable to Icahn Enterprises ​ $ 192 ​ $ (88) ​ $ (24) ​ $ — ​ $ 2 ​ $ (5) ​ $ 4 ​ $ (59) ​ $ 22 Supplemental information: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ $ — ​ $ 34 ​ $ 12 ​ $ 5 ​ $ 6 ​ $ 1 ​ $ — ​ $ — ​ $ 58 Depreciation and amortization ​ $ — ​ $ 90 ​ $ 19 ​ $ 5 ​ $ 3 ​ $ 2 ​ $ 7 ​ $ — ​ $ 126 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2023 ​ Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated ​ ​ (in millions) Revenues: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ — ​ $ 2,522 ​ $ 264 ​ $ 105 ​ $ 29 ​ $ 46 ​ $ 25 ​ $ — ​ $ 2,991 Other revenues from operations ​ — ​ — ​ 180 ​ — ​ 22 ​ — ​ 1 ​ — ​ 203 Net loss from investment activities ​ (332) ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ (332) Interest and dividend income ​ 108 ​ 10 ​ 1 ​ — ​ — ​ — ​ — ​ 24 ​ 143 (Loss) gain on disposition of assets, net ​ — ​ (1) ​ 3 ​ — ​ — ​ — ​ — ​ — ​ 2 Other income (loss), net ​ — ​ 4 ​ — ​ (2) ​ — ​ 1 ​ — ​ — ​ 3 ​ ​ (224) ​ 2,535 ​ 448 ​ 103 ​ 51 ​ 47 ​ 26 ​ 24 ​ 3,010 Expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost of goods sold ​ — ​ 2,048 ​ 174 ​ 83 ​ 20 ​ 37 ​ 15 ​ — ​ 2,377 Other expenses from operations ​ — ​ — ​ 148 ​ — ​ 17 ​ — ​ — ​ — ​ 165 Dividend expense ​ 21 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 21 Selling, general and administrative ​ 3 ​ 43 ​ 116 ​ 14 ​ 4 ​ 9 ​ 11 ​ 9 ​ 209 Restructuring, net ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ ​ — ​ 1 Credit loss on related party note receivable ​ ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 23 ​ ​ 23 Loss on deconsolidation of subsidiary ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Interest expense ​ ​ 49 ​ 22 ​ 2 ​ 3 ​ — ​ 1 ​ — ​ 71 ​ ​ 148 ​ ​ 73 ​ 2,113 ​ 440 ​ 100 ​ 41 ​ 48 ​ 26 ​ 103 ​ 2,944 (Loss) income before income tax (expense) benefit ​ (297) ​ 422 ​ 8 ​ 3 ​ 10 ​ (1) ​ — ​ (79) ​ 66 Income tax (expense) benefit ​ — ​ (80) ​ (1) ​ (3) ​ — ​ — ​ — ​ (12) ​ (96) Net (loss) income ​ (297) ​ 342 ​ 7 ​ — ​ 10 ​ (1) ​ — ​ (91) ​ (30) Less: net (loss) income attributable to non-controlling interests ​ (131) ​ 107 ​ — ​ — ​ — ​ — ​ — ​ — ​ (24) Net (loss) income attributable to Icahn Enterprises ​ $ (166) ​ $ 235 ​ $ 7 ​ $ — ​ $ 10 ​ $ (1) ​ $ — ​ $ (91) ​ $ (6) Supplemental information: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ $ — ​ $ 50 ​ $ 17 ​ $ 2 ​ $ — ​ $ 1 ​ $ — ​ $ — ​ $ 70 Depreciation and amortization ​ $ — ​ $ 96 ​ $ 17 ​ $ 6 ​ $ 4 ​ $ 2 ​ $ 7 ​ $ 1 ​ $ 133 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2024 ​ Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated ​ ​ (in millions) Revenues: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ — ​ $ 5,663 ​ $ 637 ​ $ 307 ​ $ 17 ​ $ 127 ​ $ 76 ​ $ — ​ $ 6,827 Other revenues from operations ​ — ​ — ​ 504 ​ — ​ 59 ​ — ​ 3 ​ — ​ 566 Net loss from investment activities ​ (318) ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ (318) Interest and dividend income ​ 269 ​ 30 ​ 3 ​ — ​ 1 ​ — ​ 1 ​ 76 ​ 380 Loss on disposition of assets, net ​ — ​ (1) ​ (5) ​ — ​ — ​ — ​ — ​ — ​ (6) Other income (loss), net ​ — ​ 10 ​ — ​ (3) ​ — ​ (3) ​ 1 ​ 8 ​ 13 ​ ​ (49) ​ 5,702 ​ 1,139 ​ 304 ​ 77 ​ 124 ​ 81 ​ 84 ​ 7,462 Expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost of goods sold ​ — ​ 5,549 ​ 461 ​ 252 ​ 13 ​ 98 ​ 41 ​ — ​ 6,414 Other expenses from operations ​ — ​ — ​ 412 ​ — ​ 50 ​ — ​ — ​ — ​ 462 Dividend expense ​ ​ 47 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 47 Selling, general and administrative ​ 15 ​ 124 ​ 303 ​ 36 ​ 14 ​ 31 ​ 32 ​ 23 ​ 578 Restructuring, net ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 Interest expense ​ 63 ​ 86 ​ 2 ​ 8 ​ — ​ 1 ​ — ​ 234 ​ 394 ​ ​ 125 ​ 5,759 ​ 1,178 ​ 297 ​ 77 ​ 130 ​ 73 ​ 257 ​ 7,896 (Loss) income before income tax (expense) benefit ​ (174) ​ (57) ​ (39) ​ 7 ​ — ​ (6) ​ 8 ​ (173) ​ (434) Income tax benefit (expense) ​ — ​ 26 ​ 13 ​ (3) ​ — ​ — ​ — ​ (34) ​ 2 Net (loss) income ​ (174) ​ (31) ​ (26) ​ 4 ​ — ​ (6) ​ 8 ​ (207) ​ (432) Less: net (loss) income attributable to non-controlling interests ​ (86) ​ — ​ — ​ 1 ​ — ​ — ​ — ​ — ​ (85) Net (loss) income attributable to Icahn Enterprises ​ $ (88) ​ $ (31) ​ $ (26) ​ $ 3 ​ $ — ​ $ (6) ​ $ 8 ​ $ (207) ​ $ (347) Supplemental information: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ $ — ​ $ 124 ​ $ 40 ​ $ 10 ​ $ 15 ​ $ 3 ​ $ — ​ $ — ​ $ 192 Depreciation and amortization ​ $ — ​ $ 272 ​ $ 56 ​ $ 18 ​ $ 10 ​ $ 5 ​ $ 21 ​ $ — ​ $ 382 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2023 ​ Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated ​ ​ (in millions) ​ ​ Revenues: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ — ​ $ 7,045 ​ $ 799 ​ $ 340 ​ $ 49 ​ $ 132 ​ $ 68 ​ $ — ​ $ 8,433 Other revenues from operations ​ — ​ — ​ 527 ​ — ​ 58 ​ — ​ 3 ​ — ​ 588 Net loss from investment activities ​ (1,275) ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ (1,275) Interest and dividend income ​ 386 ​ 23 ​ 1 ​ — ​ — ​ — ​ — ​ 71 ​ 481 (Loss) gain on disposition of assets, net ​ ​ — ​ (1) ​ 6 ​ — ​ — ​ — ​ — ​ — ​ 5 Other income (loss), net ​ 1 ​ 10 ​ — ​ (8) ​ 1 ​ 1 ​ 1 ​ — ​ 6 ​ ​ (888) ​ 7,077 ​ 1,333 ​ 332 ​ 108 ​ 133 ​ 72 ​ 71 ​ 8,238 Expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost of goods sold ​ — ​ 5,964 ​ 540 ​ 264 ​ 34 ​ 104 ​ 41 ​ — ​ 6,947 Other expenses from operations ​ — ​ — ​ 435 ​ — ​ 48 ​ — ​ — ​ — ​ 483 Dividend expense ​ 68 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 68 Selling, general and administrative ​ 19 ​ 128 ​ 362 ​ 43 ​ 13 ​ 29 ​ 35 ​ 24 ​ 653 Restructuring, net ​ — ​ — ​ — ​ — ​ — ​ 1 ​ — ​ — ​ 1 Credit loss on related party note receivable ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 139 ​ ​ 139 Loss on deconsolidation of subsidiary ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 246 ​ ​ 246 Interest expense ​ 132 ​ 67 ​ 3 ​ 9 ​ — ​ 1 ​ — ​ 214 ​ 426 ​ ​ 219 ​ 6,159 ​ 1,340 ​ 316 ​ 95 ​ 135 ​ 76 ​ 623 ​ 8,963 (Loss) income before income tax (expense) benefit ​ (1,107) ​ 918 ​ (7) ​ 16 ​ 13 ​ (2) ​ (4) ​ (552) ​ (725) Income tax (expense) benefit ​ — ​ (173) ​ 5 ​ (4) ​ — ​ — ​ — ​ 90 ​ (82) Net (loss) income ​ (1,107) ​ 745 ​ (2) ​ 12 ​ 13 ​ (2) ​ (4) ​ (462) ​ (807) Less: net (loss) income attributable to non-controlling interests ​ (555) ​ 292 ​ — ​ 1 ​ — ​ — ​ — ​ — ​ (262) Net (loss) income attributable to Icahn Enterprises ​ $ (552) ​ $ 453 ​ $ (2) ​ $ 11 ​ $ 13 ​ $ (2) ​ $ (4) ​ $ (462) ​ $ (545) Supplemental information: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ $ — ​ $ 150 ​ $ 38 ​ $ 9 ​ $ 2 ​ $ 2 ​ $ — ​ $ — ​ $ 201 Depreciation and amortization ​ $ — ​ $ 269 ​ $ 58 ​ $ 20 ​ $ 10 ​ $ 5 ​ $ 21 ​ $ 1 ​ $ 384 ​
Schedule of Condensed Financial Statements by Segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ ​ Investment ​ Energy ​ Automotive ​ Food Packaging ​ Real Estate ​ Home Fashion ​ Pharma ​ Holding Company ​ Consolidated ​ ​ (in millions) ASSETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 5 ​ $ 534 ​ $ 111 ​ $ 6 ​ $ 27 ​ $ 5 ​ $ 40 ​ $ 1,566 ​ $ 2,294 Cash held at consolidated affiliated partnerships and restricted cash ​ 2,254 ​ — ​ 6 ​ — ​ 2 ​ 3 ​ — ​ 175 ​ 2,440 Investments ​ 2,476 ​ 95 ​ — ​ — ​ 14 ​ — ​ — ​ — ​ 2,585 Accounts receivable, net ​ — ​ 281 ​ 34 ​ 83 ​ 18 ​ 28 ​ 32 ​ — ​ 476 Inventories, net ​ — ​ 498 ​ 156 ​ 111 ​ — ​ 96 ​ 22 ​ — ​ 883 Related party notes receivable, net ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 7 ​ ​ 7 Property, plant and equipment, net ​ — ​ 2,503 ​ 810 ​ 126 ​ 370 ​ 52 ​ — ​ 4 ​ 3,865 Goodwill and intangible assets, net ​ — ​ 164 ​ 329 ​ 22 ​ — ​ 20 ​ 177 ​ — ​ 712 Other assets ​ 3,013 ​ 307 ​ 484 ​ 99 ​ 65 ​ 17 ​ 7 ​ 189 ​ 4,181 Total assets ​ $ 7,748 ​ $ 4,382 ​ $ 1,930 ​ $ 447 ​ $ 496 ​ $ 221 ​ $ 278 ​ $ 1,941 ​ $ 17,443 LIABILITIES AND EQUITY ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable, accrued expenses and other liabilities ​ $ 802 ​ $ 1,497 ​ $ 811 ​ $ 117 ​ $ 47 ​ $ 43 ​ $ 57 ​ $ 116 ​ $ 3,490 Securities sold, not yet purchased, at fair value ​ 2,679 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 2,679 Debt ​ — ​ 1,582 ​ 24 ​ 142 ​ 2 ​ 14 ​ — ​ 4,683 ​ 6,447 Total liabilities ​ 3,481 ​ 3,079 ​ 835 ​ 259 ​ 49 ​ 57 ​ 57 ​ 4,799 ​ 12,616 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity attributable to Icahn Enterprises ​ 2,745 ​ 664 ​ 1,095 ​ 172 ​ 442 ​ 164 ​ 221 ​ (2,858) ​ 2,645 Equity attributable to non-controlling interests ​ 1,522 ​ 639 ​ — ​ 16 ​ 5 ​ — ​ — ​ — ​ 2,182 Total equity ​ 4,267 ​ 1,303 ​ 1,095 ​ 188 ​ 447 ​ 164 ​ 221 ​ (2,858) ​ 4,827 Total liabilities and equity ​ $ 7,748 ​ $ 4,382 ​ $ 1,930 ​ $ 447 ​ $ 496 ​ $ 221 ​ $ 278 ​ $ 1,941 ​ $ 17,443 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ Investment ​ Energy ​ Automotive ​ Food Packaging ​ Real Estate ​ Home Fashion ​ Pharma ​ Holding Company ​ Consolidated ​ ​ (in millions) ASSETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 23 ​ $ 1,179 ​ $ 104 ​ $ 8 ​ $ 22 ​ $ 5 ​ $ 26 ​ $ 1,584 ​ $ 2,951 Cash held at consolidated affiliated partnerships and restricted cash ​ 2,799 ​ 7 ​ 9 ​ — ​ 4 ​ 3 ​ — ​ 173 ​ 2,995 Investments ​ 2,898 ​ 100 ​ — ​ — ​ 14 ​ — ​ — ​ — ​ 3,012 Accounts receivable, net ​ — ​ 286 ​ 41 ​ 89 ​ 16 ​ 26 ​ 27 ​ — ​ 485 Related party note receivable, net ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 11 ​ ​ 11 Inventories, net ​ — ​ 604 ​ 228 ​ 111 ​ — ​ 81 ​ 23 ​ — ​ 1,047 Property, plant and equipment, net ​ — ​ 2,594 ​ 822 ​ 134 ​ 363 ​ 52 ​ — ​ 4 ​ 3,969 Goodwill and intangible assets, net ​ — ​ 179 ​ 335 ​ 23 ​ — ​ 19 ​ 198 ​ — ​ 754 Other assets ​ 4,425 ​ 310 ​ 480 ​ 101 ​ 69 ​ 17 ​ 8 ​ 224 ​ 5,634 Total assets ​ $ 10,145 ​ $ 5,259 ​ $ 2,019 ​ $ 466 ​ $ 488 ​ $ 203 ​ $ 282 ​ $ 1,996 ​ $ 20,858 LIABILITIES AND EQUITY ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable, accrued expenses and other liabilities ​ $ 1,312 ​ $ 1,553 ​ $ 890 ​ $ 148 ​ $ 43 ​ $ 42 ​ $ 55 ​ $ 62 ​ $ 4,105 Securities sold, not yet purchased, at fair value ​ 3,473 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 3,473 Debt ​ — ​ 2,185 ​ 33 ​ 133 ​ 1 ​ 8 ​ — ​ 4,847 ​ 7,207 Total liabilities ​ 4,785 ​ 3,738 ​ 923 ​ 281 ​ 44 ​ 50 ​ 55 ​ 4,909 ​ 14,785 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity attributable to Icahn Enterprises ​ 3,243 ​ 795 ​ 1,096 ​ 168 ​ 439 ​ 153 ​ 227 ​ (2,913) ​ 3,208 Equity attributable to non-controlling interests ​ 2,117 ​ 726 ​ — ​ 17 ​ 5 ​ — ​ — ​ — ​ 2,865 Total equity ​ 5,360 ​ 1,521 ​ 1,096 ​ 185 ​ 444 ​ 153 ​ 227 ​ (2,913) ​ 6,073 Total liabilities and equity ​ $ 10,145 ​ $ 5,259 ​ $ 2,019 ​ $ 466 ​ $ 488 ​ $ 203 ​ $ 282 ​ $ 1,996 ​ $ 20,858 ​
Energy
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2024 2023 2024 2023 ​ ​ (in millions) Petroleum products ​ $ 1,709 ​ $ 2,392 ​ ​ 5,277 ​ $ 6,505 Nitrogen fertilizer products ​ 125 ​ 130 ​ 386 ​ 540 ​ ​ $ 1,834 ​ $ 2,522 ​ $ 5,663 ​ $ 7,045
Automotive Segment
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2024 2023 2024 2023 ​ ​ (in millions) Automotive Services ​ $ 355 ​ $ 406 ​ $ 1,074 ​ $ 1,167 Aftermarket Parts ​ 4 ​ 24 ​ 22 ​ 116 Total revenue from customers ​ $ 359 ​ $ 430 ​ ​ 1,096 ​ ​ 1,283 Lease revenue outside the scope of ASC 606 ​ ​ 15 ​ ​ 14 ​ ​ 45 ​ ​ 43 Total Automotive net sales and other revenues from operations ​ $ 374 ​ $ 444 ​ $ 1,141 ​ $ 1,326

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2024
Changes in Accumulated Other Comprehensive Loss
Schedule of Accumulated Other Comprehensive Loss	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Translation ​ Post-Retirement ​ ​ ​ ​ ​ Adjustments, Net ​ Benefits, Net ​ ​ ​ ​ of Tax of Tax Total ​ ​ (in millions) Balance, December 31, 2023 ​ $ (33) ​ $ (22) ​ $ (55) Other comprehensive loss before reclassifications, net of tax ​ — ​ — ​ — Other comprehensive loss, net of tax ​ — ​ — ​ — Balance, September 30, 2024 ​ $ (33) ​ $ (22) ​ $ (55) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Translation ​ Post-Retirement ​ ​ ​ ​ ​ Adjustments, Net ​ Benefits, Net ​ ​ ​ ​ of Tax of Tax Total ​ ​ (in millions) Balance, December 31, 2022 ​ $ (45) ​ $ (25) ​ $ (70) Other comprehensive loss before reclassifications, net of tax ​ — ​ 1 ​ 1 Other comprehensive loss, net of tax ​ — ​ 1 ​ 1 Balance, September 30, 2023 ​ $ (45) ​ $ (24) ​ $ (69) ​

Other Income, Net (Tables)

Other Income, Net (Tables)	9 Months Ended
	Sep. 30, 2024
Other Income, Net
Schedule of other income, net	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2024 2023 2024 2023 ​ ​ (in millions) Equity earnings from non-consolidated affiliates ​ $ 3 ​ $ 4 ​ $ 10 ​ $ 9 Foreign currency transaction (loss) gain ​ — ​ (1) ​ (2) ​ 1 Gain on extinguishment of debt, net ​ 10 ​ — ​ 8 ​ — Other ​ (6) ​ — ​ (3) ​ (4) ​ ​ $ 7 ​ $ 3 ​ $ 13 ​ $ 6 ​

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2024
Supplemental Cash Flow Information
Schedule of Cash Flow, Supplemental Disclosures	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ 2024 2023 ​ ​ (in millions) Cash payments for interest ​ $ (287) ​ $ (299) Cash payments for income taxes, net of payments ​ (66) ​ (95) Partnership contributions receivable ​ — ​ 6 Non-cash Investment segment distributions to non-controlling interests ​ ​ — ​ ​ (2) ​

Description of Business (Detail

Description of Business (Details) $ in Billions	9 Months Ended
	Sep. 30, 2024 USD ($) product item country	Dec. 31, 2023 USD ($)
Description of Business [Line Items]
Number of Country Clubs Operated | country	2
Icahn Enterprises Holdings
Description of Business [Line Items]
Percentage of equity ownership in operating subsidiary	99%
Icahn Enterprises Holdings | Icahn Enterprises G.P.
Description of Business [Line Items]
General partner ownership percentage in Icahn Enterprises	1%
Icahn Enterprises Holdings | Mr. Icahn and affiliates
Description of Business [Line Items]
Affiliate ownership interest	86%
Icahn Enterprises G.P.
Description of Business [Line Items]
Aggregate general partner ownership interest of parent and operating subsidiary	1.99%
CVR Refining
Description of Business [Line Items]
Percentage of equity ownership in operating subsidiary	37%
CVR Energy | Energy
Description of Business [Line Items]
Percentage of equity ownership in operating subsidiary	66%
Viskase | Private Placement
Description of Business [Line Items]
Percentage of equity ownership in operating subsidiary	91%
Investment Funds
Description of Business [Line Items]
Fair value of investment in subsidiary | $	$ 2.7	$ 3.2
CVR Partners | CVR Energy
Description of Business [Line Items]
Percentage of equity ownership in operating subsidiary	100%
Vivus | Pharma
Description of Business [Line Items]
Number of approved therapies	2
Number of product candidates in active clinical development	2
Number of product candidates | product	2

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Accounting Policies [Line Items]
Total assets	$ 17,443		$ 20,858
Debt	6,447		7,207
Fair value of long-term debt	6,300		6,900
Restricted cash	$ 2,440		2,995
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	$ 808		1,068
Restricted cash
Accounting Policies [Line Items]
Restricted cash	1,632		1,927
Primary beneficiary
Accounting Policies [Line Items]
Total assets	107
Energy
Accounting Policies [Line Items]
Total assets	4,382		5,259
Debt	1,582		2,185
Restricted cash			7
Remaining performance obligation for contracts with an original expected duration of more than one year	9
Deferred revenue	68		49
Recorded revenue	14	$ 46
Automotive Segment
Accounting Policies [Line Items]
Total assets	1,930		2,019
Debt	24		33
Restricted cash	6		9
Deferred revenue	39		$ 45
Recorded revenue	17	$ 15
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01 | Energy
Accounting Policies [Line Items]
Remaining performance obligation expected to be recognized as revenue within one year	$ 1
Remaining performance obligation for contracts with an original expected duration of more than one year	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 | Energy
Accounting Policies [Line Items]
Remaining performance obligation expected to be recognized as revenue within one year	$ 4
Remaining performance obligation for contracts with an original expected duration of more than one year	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 | Energy
Accounting Policies [Line Items]
Remaining performance obligation for contracts with an original expected duration of more than one year	$ 3
Remaining performance obligation for contracts with an original expected duration of more than one year	1 year

Subsidiary Bankruptcy and Dec_2

Subsidiary Bankruptcy and Deconsolidation (Details) $ in Millions	May 19, 2023 USD ($) item	Sep. 30, 2023 USD ($)
Related Party Transaction [Line Items]
Number of sales of Auto Plus assets | item	5
Number of bidders | item	5
Non cash charge	$ 10
Credit bid for a portion of its senior secured debtor-in-possession loan		$ 246
Deconsolidation of Investment in Auto Plus
Related Party Transaction [Line Items]
Equity investments, Fair value		$ 0

Related Party Transactions (Det

Related Party Transactions (Details) $ in Millions			1 Months Ended	3 Months Ended		5 Months Ended	8 Months Ended	9 Months Ended		12 Months Ended
	May 05, 2022 item	Oct. 01, 2020	Jul. 31, 2024 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Jan. 31, 2023 USD ($)
Related Party Transaction
Number of portfolios | item	2
Mr. Icahn and affiliates
Related Party Transaction
Noncontrolling Interest in Variable Interest Entity				$ 1,500				$ 1,500		$ 2,100
Percentage of assets under management				35%				35%		39%
Auto Plus
Related Party Transaction
Repayment of notes receivable								$ 7
Brett Icahn
Related Party Transaction
Portfolio manager term	7 years	7 years
Number of lump sum payment after term | item	1
Investment in funds
Related Party Transaction
Investment funds			$ 650
Investment in funds | Mr. Icahn and affiliates
Related Party Transaction
Investment funds			256
Amount redeemed in accordance with manager agreement								250	$ 2,000
Investment in funds | Holding Company
Related Party Transaction
Investment funds			$ 394
Expense sharing arrangement | Consolidated VIE
Related Party Transaction
Amount of transaction with related party								14	10
Debtor in Possession Financing | Auto Plus
Related Party Transaction
Aggregate amount											$ 75
Auto Plus Auction | AEP PLC
Related Party Transaction
Assets acquired										$ 10
Automotive Segment
Related Party Transaction
Revenues from operating leases				$ 15	$ 14			45	43
Automotive Segment | Deconsolidation of Investment in Auto Plus | Auto Plus
Related Party Transaction
Revenues from operating leases							$ 3
Purchases from related party						$ 4
Real Estate Segment
Related Party Transaction
Revenues from operating leases				$ 2	$ 3			7	15
Real Estate Segment | Deconsolidation of Investment in Auto Plus | Auto Plus
Related Party Transaction
Revenues from operating leases						$ 3
Brett Icahn
Related Party Transaction
Amount redeemed in accordance with manager agreement								4	$ 9
Investment funds total fair value								$ 17		$ 28

Investments - Investment Segmen

Investments - Investment Segment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Schedule of Investments
Investments	$ 2,585		$ 2,585		$ 3,012
Securities sold, not yet purchased, at fair value	2,679		2,679		3,473
Investment Segment
Schedule of Investments
Investments	2,476		2,476		2,898
Securities sold, not yet purchased, at fair value	2,679		2,679		3,473
Portion of unrealized (losses) gains that relates to equity and debt securities still held	101	$ (255)	(229)	$ (286)
Investment Segment | Equity securities
Schedule of Investments
Equity securities	2,444		2,444		2,611
Securities sold, not yet purchased, at fair value	1,998		1,998		3,288
Investment Segment | Communications
Schedule of Investments
Equity securities	67		67
Investment Segment | Consumer, cyclical
Schedule of Investments
Equity securities	292		292		260
Securities sold, not yet purchased, at fair value					3
Investment Segment | Consumer, non-cyclical
Schedule of Investments
Securities sold, not yet purchased, at fair value					41
Investment Segment | Energy
Schedule of Investments
Equity securities	59		59		708
Securities sold, not yet purchased, at fair value	988		988		2,146
Investment Segment | Utilities
Schedule of Investments
Equity securities	937		937		1,012
Securities sold, not yet purchased, at fair value	578		578		610
Investment Segment | Healthcare
Schedule of Investments
Equity securities	521		521		440
Investment Segment | Technology
Schedule of Investments
Equity securities					139
Investment Segment | Materials
Schedule of Investments
Equity securities	394		394		52
Securities sold, not yet purchased, at fair value	298		298		350
Investment Segment | Industrial
Schedule of Investments
Equity securities	174		174
Securities sold, not yet purchased, at fair value	134		134		138
Investment Segment | Debt securities
Schedule of Investments
Debt Securities	32		32		287
Investment Segment | Financials
Schedule of Investments
Debt Securities					158
Investment Segment | Real Estate
Schedule of Investments
Debt Securities	32		32		44
Investment Segment | Communications
Schedule of Investments
Debt Securities	661		661		85
Investment Segment | Materials
Schedule of Investments
Securities sold, not yet purchased, at fair value	$ 20		$ 20		$ 185

Investments - Other Segments an

Investments - Other Segments and Holding Company (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Schedule of Investments
Investments	$ 2,585		$ 2,585		$ 3,012
Other Segments and Holding Company
Schedule of Investments
Investments	109		109		114
Portion of unrealized (losses) gains that relates to equity securities still held	0	$ 0	0	$ 0
Equity method investments | Other Segments and Holding Company
Schedule of Investments
Investments	95		95		100
Held to maturity debt investments measured at amortized cost | Other Segments and Holding Company
Schedule of Investments
Investments	11		11		11
Other investments measured at fair value | Other Segments and Holding Company
Schedule of Investments
Investments	$ 3		$ 3		$ 3

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Measurement (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Assets
Investments	$ 2,479	$ 2,901
Derivative assets, net	43	64
Assets	2,522	2,965
Liabilities
Securities sold, not yet purchased	2,679	3,473
Derivative liabilities, net	685	979
RFS obligations	374	329
Liabilities	3,738	4,781
Recurring measurement | Level 1
Assets
Investments	2,406	2,730
Assets	2,406	2,730
Liabilities
Securities sold, not yet purchased	1,998	3,288
Liabilities	1,998	3,288
Recurring measurement | Level 2
Assets
Investments	32	129
Derivative assets, net	43	64
Assets	75	193
Liabilities
Securities sold, not yet purchased	681	185
Derivative liabilities, net	685	979
RFS obligations	374	329
Liabilities	1,740	1,493
Recurring measurement | Level 3
Assets
Investments	41	42
Assets	41	$ 42
Fair value, nonrecurring | Level 3
Liabilities
Estimated fair value	46
Fair value of related party note receivable	$ 7

Financial Instruments - Derivat

Financial Instruments - Derivative Activities Table (Details) - Investment Segment - USD ($) $ in Millions		Sep. 30, 2024	Dec. 31, 2023
Equity contracts
Primary underlying risk:
Long Notional Exposure		$ 1,782	$ 1,882
Short Notional Exposure		1,912	2,350
Credit contracts
Primary underlying risk:
Long Notional Exposure	[1]	528	0
Short Notional Exposure	[1]	150	435
Commodity contracts
Primary underlying risk:
Long Notional Exposure		0	0
Short Notional Exposure		122	409
Credit Default Swap
Primary underlying risk:
Short notional amount of credit default swap positions		$ 800	$ 2,500
[1] The short notional amount on our credit default swap positions was approximately $0.8 billion and $2.5 billion at September 30, 2024 and December 31, 2023, respectively. However, because credit spreads cannot compress below zero , our downside short notional exposure to loss is approximately $0.15 billion and $0.4 billion as of September 30, 2024 and December 31, 2023, respectively.

Financial Instruments - Deriv_2

Financial Instruments - Derivatives Not Designated as Hedging, Fair Value Table (Details) - USD ($) $ in Millions		Sep. 30, 2024	Dec. 31, 2023
Derivatives Not Designated as Hedging Instruments, Fair Value
Unrealized Gain On Derivative Contracts		$ 43	$ 64
Derivative contracts, at fair value (liability)		$ 685	$ 979
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	[1]	Accrued Liabilities	Accrued Liabilities
Investment Segment
Derivatives Not Designated as Hedging Instruments, Fair Value
Collateral for derivative positions		$ 1,400	$ 1,700
Investment Segment | Not designated as hedging instrument
Derivatives Not Designated as Hedging Instruments, Fair Value
Derivative contracts, at fair value (liability)	[1]	678	979
Investment Segment | Not designated as hedging instrument | Other assets
Derivatives Not Designated as Hedging Instruments, Fair Value
Asset derivatives, Gross		179	64
Derivative, Fair Value, Amount Offset Against Collateral, Net	[1]	(152)	(25)
Unrealized Gain On Derivative Contracts	[1]	27	39
Investment Segment | Not designated as hedging instrument | Accrued expenses and other liabilities
Derivatives Not Designated as Hedging Instruments, Fair Value
Liability derivatives, Gross		830	1,004
Derivative, Fair Value, Amount Offset Against Collateral, Net	[1]	(152)	(25)
Investment Segment | Not designated as hedging instrument | Equity contracts | Other assets
Derivatives Not Designated as Hedging Instruments, Fair Value
Asset derivatives, Gross		122	11
Investment Segment | Not designated as hedging instrument | Equity contracts | Accrued expenses and other liabilities
Derivatives Not Designated as Hedging Instruments, Fair Value
Liability derivatives, Gross		829	999
Investment Segment | Not designated as hedging instrument | Credit contracts | Other assets
Derivatives Not Designated as Hedging Instruments, Fair Value
Asset derivatives, Gross		27	39
Investment Segment | Not designated as hedging instrument | Credit contracts | Accrued expenses and other liabilities
Derivatives Not Designated as Hedging Instruments, Fair Value
Liability derivatives, Gross		1	2
Investment Segment | Not designated as hedging instrument | Commodity contracts | Other assets
Derivatives Not Designated as Hedging Instruments, Fair Value
Asset derivatives, Gross		30	14
Investment Segment | Not designated as hedging instrument | Commodity contracts | Accrued expenses and other liabilities
Derivatives Not Designated as Hedging Instruments, Fair Value
Liability derivatives, Gross			3
Energy Segment
Derivatives Not Designated as Hedging Instruments, Fair Value
Asset derivatives, Gross	[2]	(16)	(6)
Liability derivatives, Gross	[2]	(16)	(6)
Unrealized Gain On Derivative Contracts		16	25
Derivative contracts, at fair value (liability)		7
Collateral for derivative positions		3
Energy Segment | Commodity contracts
Derivatives Not Designated as Hedging Instruments, Fair Value
Asset derivatives, Gross		32	31
Liability derivatives, Gross		$ 23	$ 6
[1] Excludes netting of cash collateral received and posted. The total collateral posted at September 30, 2024 and December 31, 2023 was $1.4 billion and $1.7 billion, respectively, across all counterparties, which are included in cash held at consolidated affiliated partnerships and restricted cash in the condensed consolidated balance sheets. Excludes netting of derivatives primarily related to initial margin requirements of $12 million and $13 million at September 30, 2024 and December 31, 2023, respectively, which was not offset against derivatives liabilities, net in the condensed consolidated balance sheets .

Financial Instruments - Gain (L

Financial Instruments - Gain (Loss) Recognized on Derivatives Not Designated as Hedging Table (Details) - Not designated as hedging instrument - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net gain (loss) from investment activities
Derivative
Gain (loss) on derivatives not designated as hedging instruments recognized in income	$ 140	$ (105)	$ (114)	$ (738)
Equity contracts
Derivative
Gain (loss) on derivatives not designated as hedging instruments recognized in income	79	32	(132)	(618)
Credit contracts
Derivative
Gain (loss) on derivatives not designated as hedging instruments recognized in income	29	(63)	3	(29)
Commodity contracts
Derivative
Gain (loss) on derivatives not designated as hedging instruments recognized in income	$ 32	$ (74)	$ 15	$ (91)

Financial Instruments - Energy

Financial Instruments - Energy Segments Derivatives (Details) - USD ($) $ in Millions		Sep. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Derivative assets, net		$ 43	$ 64
Derivative liabilities		685	979
Collateral for derivative positions		12	13
Energy
Derivative [Line Items]
Asset derivatives, Gross	[1]	(16)	(6)
Liability derivatives, Gross	[1]	(16)	(6)
Derivative assets, net		16	25
Derivative liabilities		7
Commodity contracts | Energy
Derivative [Line Items]
Asset derivatives, Gross		32	31
Liability derivatives, Gross		$ 23	$ 6
[1] Excludes netting of derivatives primarily related to initial margin requirements of $12 million and $13 million at September 30, 2024 and December 31, 2023, respectively, which was not offset against derivatives liabilities, net in the condensed consolidated balance sheets .

Financial Instruments - Narrati

Financial Instruments - Narrative (Details) BarrelOfButane in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024 USD ($) BarrelOfButane	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) BarrelOfButane MMBbls	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($) MMBbls
Investment Segment
Derivatives, Fair Value
Fair value of derivative instruments with credit risk related contingent features in a liability position | $	$ 0		$ 0		$ 0
Energy
Derivatives, Fair Value
Fair value of derivative instruments with credit risk related contingent features in a liability position | $	5,000,000		5,000,000
Energy | Not designated as hedging instrument | Cost of Goods and Service Benchmark
Derivatives, Fair Value
Gains and (losses) on derivatives not designated as hedging instruments recognized in income | $	$ 2,000,000	$ (106,000,000)	$ 7,000,000	$ (65,000,000)
CVR Energy | Maximum
Derivatives, Fair Value
Derivative volume (barrels)			1		0
Commodity swap positions | CVR Energy
Derivatives, Fair Value
Derivative volume (barrels)					11
Forward Contracts | CVR Energy | Not designated as hedging instrument
Derivatives, Fair Value
Derivative volume (barrels)			0
Derivative, Number of Instruments Held | BarrelOfButane	27		27
Forward Contracts | CVR Energy | Maximum
Derivatives, Fair Value
Derivative volume (barrels)			1		1

Related Party Notes Receivabl_3

Related Party Notes Receivable, Net (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Related Party Notes Receivable, Net
Related party notes receivable, gross	$ 19
Less: Allowance for expected credit losses	12		$ 12
Related party notes receivable, net	7		$ 11
Allowance for expected credit losses:
Beginning Balance	12
Write-offs	0	$ 127
Ending Balance	$ 12

Inventories, Net (Details)

Inventories, Net (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Inventories, Net
Raw materials	$ 274	$ 367
Work in process	98	95
Finished goods	511	585
Inventory, Net, Total	$ 883	$ 1,047

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, Net - Goodwill Table (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Goodwill
Gross carrying amount of goodwill	$ 379	$ 378
Accumulated impairment of goodwill	(90)	(90)
Goodwill	289	288
Automotive
Goodwill
Gross carrying amount of goodwill	337	337
Accumulated impairment of goodwill	(87)	(87)
Goodwill	250	250
Food Packaging
Goodwill
Gross carrying amount of goodwill	6	6
Goodwill	6	6
Home Fashion
Goodwill
Gross carrying amount of goodwill	23	22
Accumulated impairment of goodwill	(3)	(3)
Goodwill	20	19
Pharma
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	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Definite-lived intangible assets:
Gross Carrying Amount	$ 810		$ 810		$ 810
Accumulated Amortization	(463)		(463)		(420)
Net Carrying Value	347		347		390
Indefinite-lived intangible assets	76		76		76
Intangible assets, net	423		423		466
Amortization expense associated with definite-lived intangible assets	14	$ 15	43	$ 44
Customer Relationships
Definite-lived intangible assets:
Gross Carrying Amount	392		392		392
Accumulated Amortization	(243)		(243)		(229)
Net Carrying Value	149		149		163
Developed Technology
Definite-lived intangible assets:
Gross Carrying Amount	254		254		254
Accumulated Amortization	(111)		(111)		(90)
Net Carrying Value	143		143		164
Unclassified Indefinite-lived Intangible Assets
Definite-lived intangible assets:
Gross Carrying Amount	164		164		164
Accumulated Amortization	(109)		(109)		(101)
Net Carrying Value	$ 55		$ 55		$ 63

Leases (Details)

Leases (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Leases
Operating lease right-of-use asset	$ 520		$ 520		$ 526
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets		Other Assets		Other Assets
Operating lease liability	$ 524		$ 524		$ 531
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Accrued Liabilities		Accrued Liabilities		Accrued Liabilities
Finance lease right-of-use asset	$ 50		$ 50		$ 55
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, plant and equipment, net		Property, plant and equipment, net		Property, plant and equipment, net
Finance lease, liability	$ 65		$ 65		$ 70
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities		Accrued Liabilities		Accrued Liabilities
Operating lease cost	$ 46	$ 44	$ 132	$ 134
Amortization of financing lease right-of-use assets	2	1	6	5
Interest expense on financing lease liabilities	2	2	5	4
Property, plant and equipment, net	3,865		3,865		$ 3,969
Energy
Leases
Operating lease right-of-use asset	55		55		53
Operating lease liability	$ 52		$ 52		$ 49
Lease term	5 years 1 month 6 days		5 years 1 month 6 days		5 years 4 months 24 days
Operating lease, discount rate percentage	7.10%		7.10%		6.70%
Property, plant and equipment, net	$ 2,503		$ 2,503		$ 2,594
Automotive
Leases
Operating lease right-of-use asset	420		420		422
Operating lease liability	$ 431		$ 431		$ 434
Lease term	5 years 6 months		5 years 6 months		5 years 4 months 24 days
Operating lease, discount rate percentage	6%		6%		5.90%
Operating lease cost			$ 106	108
Revenues from operating leases	$ 15	$ 14	$ 45	$ 43
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Operating Revenue	Other Operating Revenue	Other Operating Revenue	Other Operating Revenue
Variable lease costs	$ 25	$ 24	$ 72	$ 74
Property, plant and equipment, net	810		810		$ 822
Food Packaging
Leases
Operating lease right-of-use asset	20		20		22
Operating lease liability	$ 23		$ 23		$ 25
Lease term	9 years 1 month 6 days		9 years 1 month 6 days		9 years 1 month 6 days
Operating lease, discount rate percentage	7.40%		7.40%		7.40%
Property, plant and equipment, net	$ 126		$ 126		$ 134
Other Segments and Holding Company
Leases
Operating lease right-of-use asset	25		25		29
Operating lease liability	18		18		23
Real Estate Segment
Leases
Revenues from operating leases	$ 2	$ 3	$ 7	$ 15
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Operating Revenue	Other Operating Revenue	Other Operating Revenue	Other Operating Revenue
Property, plant and equipment, net	$ 370		$ 370		363
Real Estate Segment | Assets leased to others
Leases
Property, plant and equipment, net	$ 260		$ 260		$ 252

Debt - Holding Company Debt (De

Debt - Holding Company Debt (Details) - USD ($)	2 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Sep. 25, 2024	Sep. 24, 2024	Aug. 31, 2024	Jun. 13, 2024	May 31, 2024	Apr. 30, 2024	Feb. 29, 2024	Dec. 31, 2023
Debt Instrument
Debt	$ 6,447,000,000	$ 6,447,000,000								$ 7,207,000,000
Total cash paid		168,000,000
Revolving credit facility
Debt Instrument
Total availability under credit agreement	329,000,000	329,000,000
Letter of Credit
Debt Instrument
Total availability under credit agreement	24,000,000	24,000,000
Holding Company
Debt Instrument
Debt	4,683,000,000	4,683,000,000								4,847,000,000
Aggregate principal amount	177,000,000	177,000,000
Total cash paid	168,000,000
Holding Company | Revolving credit facility
Debt Instrument
Line of credit facility additional borrowing capacity			$ 70,000,000
Line of credit Facility maximum borrowing capacity			$ 345,000,000	$ 275,000,000
Energy
Debt Instrument
Debt	1,582,000,000	1,582,000,000								2,185,000,000
Automotive Segment
Debt Instrument
Debt	24,000,000	24,000,000								33,000,000
Food Packaging Segment
Debt Instrument
Debt	142,000,000	142,000,000								133,000,000
Real Estate Segment
Debt Instrument
Debt	2,000,000	2,000,000								1,000,000
Home Fashion Segment
Debt Instrument
Debt	14,000,000	14,000,000								8,000,000
Reporting Segments
Debt Instrument
Debt	$ 1,764,000,000	1,764,000,000								2,360,000,000
5.25% senior unsecured notes due 2025 [Member] | Energy
Debt Instrument
Interest rate on debt instrument (in percent)									5.25%
Debt face amount									$ 600,000,000
Loss on extinguishment of debt		$ (1,000,000)
6.375% senior unsecured notes due 2025 | Holding Company
Debt Instrument
Debt										$ 749,000,000
Interest rate on debt instrument (in percent)	6.375%	6.375%				6.375%				6.375%
6.250% senior unsecured notes due 2026 | Holding Company
Debt Instrument
Debt	$ 1,198,000,000	$ 1,198,000,000								$ 1,238,000,000
Interest rate on debt instrument (in percent)	6.25%	6.25%						6.25%		6.25%
Debt face amount								$ 12,000,000
Aggregate principal amount	$ 52,000,000	$ 52,000,000
5.250% senior unsecured notes due 2027 | Holding Company
Debt Instrument
Debt	$ 1,384,000,000	$ 1,384,000,000								$ 1,454,000,000
Interest rate on debt instrument (in percent)	5.25%	5.25%						5.25%		5.25%
Debt face amount								$ 5,000,000
Aggregate principal amount	$ 73,000,000	$ 73,000,000
4.375% senior unsecured notes due 2029 | Holding Company
Debt Instrument
Debt	$ 656,000,000	$ 656,000,000								$ 708,000,000
Interest rate on debt instrument (in percent)	4.375%	4.375%								4.375%
Aggregate principal amount	$ 52,000,000	$ 52,000,000
9.750% senior unsecured notes due 2029 | Holding Company
Debt Instrument
Debt	$ 698,000,000	$ 698,000,000								$ 698,000,000
Interest rate on debt instrument (in percent)	9.75%	9.75%			9.75%					9.75%
Debt face amount					$ 700
Unregistered 9.750% senior notes due 2029 | Holding Company
Debt Instrument
Interest rate on debt instrument (in percent)					9.75%
Debt face amount					$ 700
9.000% senior unsecured notes due 2030 | Holding Company
Debt Instrument
Debt	$ 747,000,000	$ 747,000,000
Interest rate on debt instrument (in percent)	9%	9%			9%		9%			9%
Debt face amount					$ 750		$ 750,000,000
Unregistered 9.000% senior notes due 2030 | Holding Company
Debt Instrument
Interest rate on debt instrument (in percent)					9%
Debt face amount					$ 750

Debt - Non-Cash Charges to Inte

Debt - Non-Cash Charges to Interest Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Debt
Amortization of deferred financing costs and debt discounts and premiums	$ 1	$ 2	$ 2	$ 4

Net Income (Loss) Per LP Unit_2

Net Income (Loss) Per LP Unit (Details) - USD ($) $ / shares in Units, $ in Millions					1 Months Ended			3 Months Ended		9 Months Ended
	Nov. 06, 2024	Aug. 05, 2024	May 06, 2024	Feb. 26, 2024	Sep. 30, 2024	Jun. 30, 2024	Apr. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Aug. 26, 2024	May 09, 2023
Net Income (Loss) Per LP Unit [Line Items]
Net Income (Loss)								$ 22	$ (6)	$ (347)	$ (545)
Net (loss) income attributable to Icahn Enterprises allocated to limited partners (98.01% allocation)								$ 22	$ (6)	$ (340)	$ (534)
Basic income (loss) per LP unit (in dollars per share)								$ 0.05	$ (0.01)	$ (0.75)	$ (1.47)
Basic weighted average LP units outstanding (in shares)								477,000,000	394,000,000	452,000,000	364,000,000
Diluted income (loss) per LP unit (in dollars per share)								$ 0.05	$ (0.01)	$ (0.75)	$ (1.47)
Diluted weighted average LP units outstanding (in shares)								477,000,000	394,000,000	452,000,000	364,000,000
Aggregate cash distributions to depositary unit holders					$ 111	$ 106	$ 97
Fixed-rate senior unsecured notes, repurchase program authorized amount													$ 500
Depositary units, repurchase program authorized amount													$ 500
Repurchased senior notes					269			$ 269		$ 269
Subsequent event
Net Income (Loss) Per LP Unit [Line Items]
Distribution declared per LP unit	$ 0.50
Fixed-rate senior unsecured notes, repurchase program authorized amount	$ 500
Depositary units, repurchase program authorized amount	$ 500
Open market sale agreement entered into November 2022
Net Income (Loss) Per LP Unit [Line Items]
Partners' Capital Account, Units, Sale of Units								233,000		5,806,986
Proceeds from Sale of Interest in Partnership Unit								$ 4		$ 102
Aggregate gross sale proceeds					47			47		47
Open market sale agreement entered into August 2024
Net Income (Loss) Per LP Unit [Line Items]
Sales of depositary units												$ 400
Aggregate gross sale proceeds					$ 400			$ 400		$ 400
Limited partners
Net Income (Loss) Per LP Unit [Line Items]
Distribution declared per LP unit		$ 1	$ 1	$ 1
Units distributed to LP unitholders					28,307,467	21,669,076	19,186,659
Mr. Icahn and affiliates
Net Income (Loss) Per LP Unit [Line Items]
Units distributed to LP unitholders					26,892,947	20,418,007	18,016,077
Aggregate cash distributions to depositary unit holders					$ 60	$ 60	$ 55
Icahn Enterprises Holdings LP
Net Income (Loss) Per LP Unit [Line Items]
Affiliate ownership interest								98.01%	98.01%	98.01%	98.01%

Segment Reporting - Condensed S

Segment Reporting - Condensed Statements of Operations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	$ 2,221	$ 2,991	$ 6,827	$ 8,433
Other revenues from operations	192	203	566	588
Net loss from investment activities	257	(332)	(318)	(1,275)
Interest and dividend income	115	143	380	481
(Loss) gain on disposition of assets, net	(1)	2	(6)	5
Other income (loss), net	7	3	13	6
Total revenues	2,791	3,010	7,462	8,238
Cost of goods sold	2,223	2,377	6,414	6,947
Other expenses from operations	155	165	462	483
Dividend expense	14	21	47	68
Selling, general and administrative	202	209	578	653
Restructuring, net		1	1	1
Credit loss on related party note receivable		23		139
Loss on deconsolidation of subsidiary				246
Interest expense	130	148	394	426
Total Expenses	2,724	2,944	7,896	8,963
Pre-tax loss	67	66	(434)	(725)
Income tax (expense) benefit	13	(96)	2	(82)
Net (loss) income	80	(30)	(432)	(807)
Less: net income (loss) attributable to non-controlling interests	58	(24)	(85)	(262)
Net income (loss) attributable to Icahn Enterprises	22	(6)	(347)	(545)
Capital expenditures	58	70	192	201
Depreciation and amortization	126	133	382	384
Investment Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net loss from investment activities	257	(332)	(318)	(1,275)
Interest and dividend income	77	108	269	386
Other income (loss), net				1
Total revenues	334	(224)	(49)	(888)
Dividend expense	14	21	47	68
Selling, general and administrative	5	3	15	19
Interest expense	19	49	63	132
Total Expenses	38	73	125	219
Pre-tax loss	296	(297)	(174)	(1,107)
Net (loss) income	296	(297)	(174)	(1,107)
Less: net income (loss) attributable to non-controlling interests	104	(131)	(86)	(555)
Net income (loss) attributable to Icahn Enterprises	192	(166)	(88)	(552)
Energy
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	1,834	2,522	5,663	7,045
Interest and dividend income	10	10	30	23
(Loss) gain on disposition of assets, net		(1)	(1)	(1)
Other income (loss), net	2	4	10	10
Total revenues	1,846	2,535	5,702	7,077
Cost of goods sold	1,914	2,048	5,549	5,964
Selling, general and administrative	47	43	124	128
Interest expense	27	22	86	67
Total Expenses	1,988	2,113	5,759	6,159
Pre-tax loss	(142)	422	(57)	918
Income tax (expense) benefit	8	(80)	26	(173)
Net (loss) income	(134)	342	(31)	745
Less: net income (loss) attributable to non-controlling interests	(46)	107		292
Net income (loss) attributable to Icahn Enterprises	(88)	235	(31)	453
Capital expenditures	34	50	124	150
Depreciation and amortization	90	96	272	269
Automotive Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	206	264	637	799
Other revenues from operations	168	180	504	527
Interest and dividend income	1	1	3	1
(Loss) gain on disposition of assets, net	(1)	3	(5)	6
Total revenues	374	448	1,139	1,333
Cost of goods sold	167	174	461	540
Other expenses from operations	137	148	412	435
Selling, general and administrative	102	116	303	362
Interest expense	1	2	2	3
Total Expenses	407	440	1,178	1,340
Pre-tax loss	(33)	8	(39)	(7)
Income tax (expense) benefit	9	(1)	13	5
Net (loss) income	(24)	7	(26)	(2)
Net income (loss) attributable to Icahn Enterprises	(24)	7	(26)	(2)
Capital expenditures	12	17	40	38
Depreciation and amortization	19	17	56	58
Food Packaging Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	101	105	307	340
Other income (loss), net	(1)	(2)	(3)	(8)
Total revenues	100	103	304	332
Cost of goods sold	86	83	252	264
Selling, general and administrative	12	14	36	43
Restructuring, net			1
Interest expense	2	3	8	9
Total Expenses	100	100	297	316
Pre-tax loss		3	7	16
Income tax (expense) benefit		(3)	(3)	(4)
Net (loss) income			4	12
Less: net income (loss) attributable to non-controlling interests			1	1
Net income (loss) attributable to Icahn Enterprises			3	11
Capital expenditures	5	2	10	9
Depreciation and amortization	5	6	18	20
Real Estate Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	6	29	17	49
Other revenues from operations	23	22	59	58
Interest and dividend income	1		1
Other income (loss), net				1
Total revenues	30	51	77	108
Cost of goods sold	5	20	13	34
Other expenses from operations	18	17	50	48
Selling, general and administrative	5	4	14	13
Total Expenses	28	41	77	95
Pre-tax loss	2	10		13
Net (loss) income	2	10		13
Net income (loss) attributable to Icahn Enterprises	2	10		13
Capital expenditures	6		15	2
Depreciation and amortization	3	4	10	10
Home Fashion Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	47	46	127	132
Other income (loss), net	(3)	1	(3)	1
Total revenues	44	47	124	133
Cost of goods sold	38	37	98	104
Selling, general and administrative	10	9	31	29
Restructuring, net		1		1
Interest expense	1	1	1	1
Total Expenses	49	48	130	135
Pre-tax loss	(5)	(1)	(6)	(2)
Net (loss) income	(5)	(1)	(6)	(2)
Net income (loss) attributable to Icahn Enterprises	(5)	(1)	(6)	(2)
Capital expenditures	1	1	3	2
Depreciation and amortization	2	2	5	5
Pharma
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	27	25	76	68
Other revenues from operations	1	1	3	3
Interest and dividend income			1
Other income (loss), net	1		1	1
Total revenues	29	26	81	72
Cost of goods sold	13	15	41	41
Selling, general and administrative	12	11	32	35
Total Expenses	25	26	73	76
Pre-tax loss	4		8	(4)
Net (loss) income	4		8	(4)
Net income (loss) attributable to Icahn Enterprises	4		8	(4)
Depreciation and amortization	7	7	21	21
Holding Company
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Interest and dividend income	26	24	76	71
Other income (loss), net	8		8
Total revenues	34	24	84	71
Selling, general and administrative	9	9	23	24
Credit loss on related party note receivable		23		139
Loss on deconsolidation of subsidiary				246
Interest expense	80	71	234	214
Total Expenses	89	103	257	623
Pre-tax loss	(55)	(79)	(173)	(552)
Income tax (expense) benefit	(4)	(12)	(34)	90
Net (loss) income	(59)	(91)	(207)	(462)
Net income (loss) attributable to Icahn Enterprises	$ (59)	(91)	$ (207)	(462)
Depreciation and amortization		$ 1		$ 1

Segment Reporting - Disaggregat

Segment Reporting - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Energy
Disaggregation of Revenue [Line Items]
Disaggregated revenue	$ 1,834	$ 2,522	$ 5,663	$ 7,045
Automotive Segment
Disaggregation of Revenue [Line Items]
Disaggregated revenue	359	430	1,096	1,283
Lease revenue outside the scope of ASC 606	15	14	45	43
Total Automotive net sales and other revenues from operations	374	444	1,141	1,326
Petroleum products | Energy
Disaggregation of Revenue [Line Items]
Disaggregated revenue	1,709	2,392	5,277	6,505
Nitrogen fertilizer products | Energy
Disaggregation of Revenue [Line Items]
Disaggregated revenue	125	130	386	540
Automotive Services | Automotive Segment
Disaggregation of Revenue [Line Items]
Disaggregated revenue	355	406	1,074	1,167
Automotive Parts
Disaggregation of Revenue [Line Items]
Disaggregated revenue	$ 4	$ 24	$ 22	$ 116

Segment Reporting - Condensed B

Segment Reporting - Condensed Balance Sheets (Details) - USD ($) $ in Millions	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	$ 2,294			$ 2,951
Cash held at consolidated affiliated partnerships and restricted cash	2,440			2,995
Investments	2,585			3,012
Accounts receivable, net	476			485
Inventories, net	883			1,047
Related party notes receivable, net	7			11
Property, plant and equipment, net	3,865			3,969
Goodwill and intangible assets, net	712			754
Other assets	4,181			5,634
Total assets	17,443			20,858
Accounts payable, accrued expenses and other liabilities	3,490			4,105
Securities sold, not yet purchased, at fair value	2,679			3,473
Debt	6,447			7,207
Total liabilities	12,616			14,785
Equity attributable to Icahn Enterprises	2,645			3,208
Equity attributable to non-controlling interests	2,182			2,865
Total equity	4,827	$ 5,386	$ 5,625	6,073	$ 6,628	$ 7,187	$ 8,496	$ 9,558
Total Liabilities and Equity	17,443			20,858
Investment Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	5			23
Cash held at consolidated affiliated partnerships and restricted cash	2,254			2,799
Investments	2,476			2,898
Other assets	3,013			4,425
Total assets	7,748			10,145
Accounts payable, accrued expenses and other liabilities	802			1,312
Securities sold, not yet purchased, at fair value	2,679			3,473
Total liabilities	3,481			4,785
Equity attributable to Icahn Enterprises	2,745			3,243
Equity attributable to non-controlling interests	1,522			2,117
Total equity	4,267			5,360
Total Liabilities and Equity	7,748			10,145
Energy
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	534			1,179
Cash held at consolidated affiliated partnerships and restricted cash				7
Investments	95			100
Accounts receivable, net	281			286
Inventories, net	498			604
Property, plant and equipment, net	2,503			2,594
Goodwill and intangible assets, net	164			179
Other assets	307			310
Total assets	4,382			5,259
Accounts payable, accrued expenses and other liabilities	1,497			1,553
Debt	1,582			2,185
Total liabilities	3,079			3,738
Equity attributable to Icahn Enterprises	664			795
Equity attributable to non-controlling interests	639			726
Total equity	1,303			1,521
Total Liabilities and Equity	4,382			5,259
Automotive Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	111			104
Cash held at consolidated affiliated partnerships and restricted cash	6			9
Accounts receivable, net	34			41
Inventories, net	156			228
Property, plant and equipment, net	810			822
Goodwill and intangible assets, net	329			335
Other assets	484			480
Total assets	1,930			2,019
Accounts payable, accrued expenses and other liabilities	811			890
Debt	24			33
Total liabilities	835			923
Equity attributable to Icahn Enterprises	1,095			1,096
Total equity	1,095			1,096
Total Liabilities and Equity	1,930			2,019
Food Packaging Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	6			8
Accounts receivable, net	83			89
Inventories, net	111			111
Property, plant and equipment, net	126			134
Goodwill and intangible assets, net	22			23
Other assets	99			101
Total assets	447			466
Accounts payable, accrued expenses and other liabilities	117			148
Debt	142			133
Total liabilities	259			281
Equity attributable to Icahn Enterprises	172			168
Equity attributable to non-controlling interests	16			17
Total equity	188			185
Total Liabilities and Equity	447			466
Real Estate Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	27			22
Cash held at consolidated affiliated partnerships and restricted cash	2			4
Investments	14			14
Accounts receivable, net	18			16
Property, plant and equipment, net	370			363
Other assets	65			69
Total assets	496			488
Accounts payable, accrued expenses and other liabilities	47			43
Debt	2			1
Total liabilities	49			44
Equity attributable to Icahn Enterprises	442			439
Equity attributable to non-controlling interests	5			5
Total equity	447			444
Total Liabilities and Equity	496			488
Home Fashion Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	5			5
Cash held at consolidated affiliated partnerships and restricted cash	3			3
Accounts receivable, net	28			26
Inventories, net	96			81
Property, plant and equipment, net	52			52
Goodwill and intangible assets, net	20			19
Other assets	17			17
Total assets	221			203
Accounts payable, accrued expenses and other liabilities	43			42
Debt	14			8
Total liabilities	57			50
Equity attributable to Icahn Enterprises	164			153
Total equity	164			153
Total Liabilities and Equity	221			203
Pharma
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	40			26
Accounts receivable, net	32			27
Inventories, net	22			23
Goodwill and intangible assets, net	177			198
Other assets	7			8
Total assets	278			282
Accounts payable, accrued expenses and other liabilities	57			55
Total liabilities	57			55
Equity attributable to Icahn Enterprises	221			227
Total equity	221			227
Total Liabilities and Equity	278			282
Holding Company
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	1,566			1,584
Cash held at consolidated affiliated partnerships and restricted cash	175			173
Related party notes receivable, net	7			11
Property, plant and equipment, net	4			4
Other assets	189			224
Total assets	1,941			1,996
Accounts payable, accrued expenses and other liabilities	116			62
Debt	4,683			4,847
Total liabilities	4,799			4,909
Equity attributable to Icahn Enterprises	(2,858)			(2,913)
Total equity	(2,858)			(2,913)
Total Liabilities and Equity	$ 1,941			$ 1,996

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Taxes
Income tax expense	$ (13)	$ 96	$ (2)	$ 82
(Loss) income before income tax (expense) benefit	$ 67	$ 66	$ (434)	$ (725)
Effective income tax rate	19.40%	144%	0.50%	11.20%
Statutory federal income tax rate	21%	21%	21%	21%

Changes in Accumulated Other _3

Changes in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2023
Changes in Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss, Translation Adjustments, Net of Tax, Beginning Balance			$ (33)			$ (45)	$ (45)
Accumulated other comprehensive loss, Post-Retirement Benefits, Net of Tax, Beginning Balance			(22)			(25)	(25)
Accumulated other comprehensive loss, Beginning Balance			(55)			(70)	(70)
Other comprehensive income before reclassifications, net of tax Post-Retirement Benefits and Other, Net of Tax							1
Other comprehensive income before reclassifications, net of tax Total							1
Other comprehensive income, net of tax, Translation Adjustment, Net of Tax, Total	$ 6			$ (5)
Other comprehensive loss, net of tax, Post-Retirement Benefits and Other, Net of Tax				(1)			1
Other comprehensive income (loss), net of tax	6	$ (4)	$ (2)	(6)	$ 3	$ 4	1
Accumulated other comprehensive loss, Translation Adjustments, Net of Tax, Ending Balance	(33)			(45)			(45)
Accumulated other comprehensive loss, Post-Retirement Benefits and Other, Net of Tax, Ending Balance	(22)			(24)			(24)
Accumulated other comprehensive loss, Total, Ending Balance	$ (55)			$ (69)			$ (69)

Other Income, Net (Details)

Other Income, Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Other Income, Net
Other income, net	$ (7)	$ (3)	$ (13)	$ (6)
Equity earnings from non-consolidated affiliates
Other Income, Net
Other income, net	3	4	10	9
Foreign currency transaction (loss) gain
Other Income, Net
Other income, net		$ (1)	(2)	1
Gain on extinguishment of debt, net
Other Income, Net
Other income, net	10		8
Other
Other Income, Net
Other income, net	$ (6)		$ (3)	$ (4)

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details)		3 Months Ended		9 Months Ended
	Aug. 19, 2024 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) lawsuit	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Jan. 31, 2023 USD ($)
Commitments and Contingencies
Environmental loss contingency accrual		$ 4,000,000		$ 4,000,000		$ 19,000,000
Minimum Carbon Dioxide Supply							$ 15,000,000
Maximum fee payable							$ 45,000,000
Civil penalty	$ 1,500,000
Number of putative securities | lawsuit				2
Energy
Commitments and Contingencies
Expense (benefit)		86,000,000	$ (135,000,000)	$ 65,000,000	$ (99,000,000)
RFS position		$ 374,000,000		$ 374,000,000		$ 329,000,000
Icahn Enterprises G.P. | Mr. Icahn and affiliates
Commitments and Contingencies
Affiliate ownership in parent company general partner				100%
Icahn Enterprises Holdings | Mr. Icahn and affiliates
Commitments and Contingencies
Affiliate ownership interest				86%
Minimum | Mr. Icahn and affiliates
Commitments and Contingencies
Affiliate ownership interest				80%
Starfire Holding Corporation
Commitments and Contingencies
Ownership percentage by principal owner		99.60%		99.60%
Pension funding indemnity agreement with subsidiary		$ 250,000,000		$ 250,000,000
ACF
Commitments and Contingencies
Funded status of related party pension plan		$ 28,000,000		$ 28,000,000
ACF | Minimum | Icahn Enterprises Holdings
Commitments and Contingencies
Ownership percentage by principal owner		80%		80%
General partner | Carl C. Icahn
Commitments and Contingencies
Civil penalty	$ 500,000

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Supplemental Cash Flow Information
Cash payments for interest	$ (287)	$ (299)
Cash payments for income taxes, net of payments	$ (66)	(95)
Partnership contributions receivable		6
Non-cash Investment segment distributions to non-controlling interests		$ (2)

Subsequent Events (Details)

Subsequent Events (Details)	Nov. 06, 2024 D $ / shares	Sep. 30, 2024	Aug. 31, 2024 USD ($)	May 31, 2024 USD ($)	Dec. 31, 2023
Subsequent event
Subsequent Events
Distribution declared per LP unit | $ / shares	$ 0.50
Threshold number of specified trading days | D	5
9.750% senior notes due 2029 | Holding Company
Subsequent Events
Aggregate principal amount			$ 700
Interest rate on debt instrument (in percent)		9.75%	9.75%		9.75%
Unregistered 9.750% senior notes due 2029 | Holding Company
Subsequent Events
Aggregate principal amount			$ 700
Interest rate on debt instrument (in percent)			9.75%
9.000% senior notes due 2030 | Holding Company
Subsequent Events
Aggregate principal amount			$ 750	$ 750,000,000
Interest rate on debt instrument (in percent)		9%	9%	9%	9%
Unregistered 9.000% senior notes due 2030 | Holding Company
Subsequent Events
Aggregate principal amount			$ 750
Interest rate on debt instrument (in percent)			9%