Icahn Enterprises (IEP) 10-Q4 Aug 232023 Q2 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2023	Aug. 03, 2023
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
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		393,458,414
Entity Central Index Key	0000813762
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 2,488	$ 2,337
Cash held at consolidated affiliated partnerships and restricted cash	2,598	2,549
Investments	4,937	6,809
Due from brokers	4,219	7,051
Accounts receivable, net	495	606
Related party notes receivable	82
Inventories, net	1,015	1,531
Property, plant and equipment, net	3,959	4,038
Deferred tax asset	184	127
Derivative assets, net	344	805
Goodwill	288	288
Intangible assets, net	502	533
Other assets	1,103	1,240
Total Assets	22,214	27,914
LIABILITIES AND EQUITY
Accounts payable	723	870
Accrued expenses and other liabilities	1,878	1,981
Deferred tax liabilities	354	338
Derivative liabilities, net	911	691
Securities sold, not yet purchased, at fair value	3,370	6,495
Due to brokers	713	885
Debt	7,078	7,096
Total liabilities	15,027	18,356
Commitments and contingencies (Note 18)
Equity:
Limited partners: Depositary units: 393,458,414 units issued and outstanding at June 30, 2023 and 353,572,182 units issued and outstanding at December 31, 2022	4,153	4,647
General partner	(757)	(747)
Equity attributable to Icahn Enterprises	3,396	3,900
Equity attributable to non-controlling interests	3,791	5,658
Total equity	7,187	9,558
Total Liabilities and Equity	$ 22,214	$ 27,914

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parentheticals) - shares	Jun. 30, 2023	Dec. 31, 2022
Equity:
Limited partners: Depositary units issued	393,458,414	353,572,182
Limited partners: Depositary units outstanding	393,458,414	353,572,182

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues:
Net sales	$ 2,684	$ 3,796	$ 5,442	$ 6,764
Other revenues from operations	198	197	385	365
Net (loss) gain from investment activities	(500)	(442)	(943)	497
Interest and dividend income	167	50	338	92
Other loss, net	(9)	(98)	(41)	(122)
Total revenues	2,540	3,503	5,181	7,596
Expenses:
Cost of goods sold	2,310	3,174	4,570	5,712
Other expenses from operations	160	148	318	285
Selling, general and administrative	215	315	444	616
Impairment on related party note receivable	116		116
Loss on deconsolidation of subsidiary	20		246
Interest expense	136	151	278	285
Total Expenses	2,957	3,788	5,972	6,898
(Loss) income before income tax (expense) benefit	(417)	(285)	(791)	698
Income tax (expense) benefit	(2)	(2)	14	(100)
Net (loss) income	(419)	(287)	(777)	598
Less: net (loss) income attributable to non-controlling interests	(150)	(159)	(238)	403
Net (loss) income attributable to Icahn Enterprises	(269)	(128)	(539)	195
Net (loss) income attributable to Icahn Enterprises allocated to:
Limited partners	(264)	(125)	(528)	191
General partner	(5)	(3)	(11)	4
Net Income (Loss)	$ (269)	$ (128)	$ (539)	$ 195
Basic (loss) income per LP unit:
Basic (loss) income per LP unit	$ (0.72)	$ (0.41)	$ (1.46)	$ 0.64
Basic weighted average LP units outstanding	367	306	361	300
Diluted (loss) income per LP unit:
Diluted (loss) income per LP unit	$ (0.72)	$ (0.41)	$ (1.46)	$ 0.64
Diluted weighted average LP units outstanding	367	306	361	300
Distributions declared per LP unit	$ 2	$ 2	$ 4	$ 4

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (UNAUDITED) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (UNAUDITED)
Net (loss) income	$ (419)	$ (287)	$ (777)	$ 598
Other comprehensive income, net of tax:
Translation adjustments	1		5
Post-retirement benefits and other	2	(7)	2	(7)
Other comprehensive income (loss), net of tax	3	(7)	7	(7)
Comprehensive (loss) income	(416)	(294)	(770)	591
Less: Comprehensive (loss) income attributable to non-controlling interests	(150)	(159)	(238)	403
Comprehensive (loss) income attributable to Icahn Enterprises	(266)	(135)	(532)	188
Comprehensive (loss) income attributable to Icahn Enterprises allocated to:
Limited partners	(261)	(132)	(521)	184
General partner	(5)	(3)	(11)	4
Comprehensive (loss) income attributable to Icahn Enterprises	$ (266)	$ (135)	$ (532)	$ 188

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($) $ in Millions	General partner Capital Units	Limited partners Capital Units	Total Partners Equity	Non-controlling Interests	Total
Total equity at Dec. 31, 2021	$ (754)	$ 4,298	$ 3,544	$ 5,799	$ 9,343
Increase (Decrease) in Equity
Net (loss) income	6	317	323	562	885
Partnership contributions	4	180	184		184
Partnership distributions	(12)	(591)	(603)		(603)
Dividends and distributions to non-controlling interests in subsidiaries				(36)	(36)
Changes in subsidiary equity and other		(5)	(5)	(10)	(15)
Total equity at Mar. 31, 2022	(756)	4,199	3,443	6,315	9,758
Total equity at Dec. 31, 2021	(754)	4,298	3,544	5,799	9,343
Increase (Decrease) in Equity
Net (loss) income					598
Other comprehensive income (loss)					(7)
Total equity at Jun. 30, 2022	(746)	4,773	4,027	6,131	10,158
Total equity at Mar. 31, 2022	(756)	4,199	3,443	6,315	9,758
Increase (Decrease) in Equity
Net (loss) income	(3)	(125)	(128)	(159)	(287)
Other comprehensive income (loss)		(7)	(7)		(7)
Partnership distributions payable	12	591	603		603
Partnership contributions	4	210	214		214
Partnership distributions	(2)	(100)	(102)		(102)
Investment segment contributions from non-controlling interests				5	5
Investment segment distributions to non-controlling interests				(3)	(3)
Dividends and distributions to non-controlling interests in subsidiaries				(26)	(26)
Changes in subsidiary equity and other	(1)	5	4	(1)	3
Total equity at Jun. 30, 2022	(746)	4,773	4,027	6,131	10,158
Total equity at Dec. 31, 2022	(747)	4,647	3,900	5,658	9,558
Increase (Decrease) in Equity
Net (loss) income	(5)	(265)	(270)	(88)	(358)
Other comprehensive income (loss)		4	4		4
Partnership contributions	4	175	179		179
Partnership distributions	(15)	(709)	(724)		(724)
Investment segment distributions to non-controlling interests				(80)	(80)
Dividends and distributions to non-controlling interests in subsidiaries				(85)	(85)
Changes in subsidiary equity and other		2	2		2
Total equity at Mar. 31, 2023	(763)	3,854	3,091	5,405	8,496
Total equity at Dec. 31, 2022	(747)	4,647	3,900	5,658	9,558
Increase (Decrease) in Equity
Net (loss) income					(777)
Other comprehensive income (loss)					7
Total equity at Jun. 30, 2023	(757)	4,153	3,396	3,791	7,187
Total equity at Mar. 31, 2023	(763)	3,854	3,091	5,405	8,496
Increase (Decrease) in Equity
Net (loss) income	(6)	(263)	(269)	(150)	(419)
Other comprehensive income (loss)		3	3		3
Partnership distributions payable	15	709	724		724
Partnership distributions	(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

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net (loss) income	$ (777)	$ 598
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Net gain (loss) from securities transactions	310	(335)
Purchases of securities	(446)	(566)
Proceeds from sales of securities	2,084	3,979
Payments to cover securities sold, not yet purchased	(3,618)	(2,597)
Proceeds from securities sold, not yet purchased	444	1,423
Changes in receivables and payables relating to securities transactions	2,774	15
Changes in derivative assets and liabilities	681	(249)
Gain on disposition of assets, net	(3)	(2)
Depreciation and amortization	251	249
Loss on deconsolidation of subsidiary	246
Deferred taxes	(88)	(18)
Other, net	9	45
Changes in other operating assets and liabilities	110	87
Net cash provided by operating activities	1,977	2,629
Cash flows from investing activities:
Capital expenditures	(131)	(154)
Turnaround expenditures	(50)	(68)
Proceeds from sale of investments		152
Proceeds from disposition of businesses and assets		2
Other, net	25	(1)
Net cash used in investing activities	(156)	(69)
Cash flows from financing activities:
Investment segment contributions from non-controlling interests		5
Investment segment distributions to non-controlling interests	(1,462)
Partnership contributions	185	398
Partnership distributions	(155)	(102)
Dividends and distributions to non-controlling interests in subsidiaries	(170)	(62)
Repayments of Holding Company senior unsecured notes		(500)
Proceeds from subsidiary borrowings	32	66
Repayments of subsidiary borrowings	(48)	(122)
Other, net	(3)	(16)
Net cash used in financing activities	(1,621)	(333)
Effect of exchange rate changes on cash and cash equivalents and restricted cash and restricted cash equivalents		6
Net increase in cash and cash equivalents and restricted cash and restricted cash equivalents	200	2,233
Cash and cash equivalents and restricted cash and restricted cash equivalents, beginning of period	4,886	4,436
Cash and cash equivalents and restricted cash and restricted cash equivalents, end of period	$ 5,086	$ 6,669

Description of Business

Description of Business	6 Months Ended
Description of Business	Jun. 30, 2023
Description of Business
Description of Business	1. Description of Business Overview Icahn Enterprises L.P. (“Icahn Enterprises”) is a master limited partnership formed in Delaware on February 17, 1987. References to “we,” “our” or “us” herein include both Icahn Enterprises and Icahn Enterprises Holdings and their subsidiaries, unless the context otherwise requires. Icahn Enterprises owns a 99% limited partner interest in Icahn Enterprises Holdings L.P. (“Icahn Enterprises Holdings”). Icahn Enterprises Holdings and its subsidiaries own substantially all of our assets and liabilities and conduct substantially all of our operations. Icahn Enterprises G.P. Inc. (“Icahn Enterprises GP”), which is indirectly owned and controlled by Mr. Carl C. Icahn, owns a 1% general partner interest in each of Icahn Enterprises and Icahn Enterprises Holdings as of June 30, 2023, representing an aggregate 1.99% general partner interest in Icahn Enterprises Holdings and us. Mr. Icahn and his affiliates owned approximately 85% of our outstanding depositary units as of June 30, 2023. Description of Continuing Operating Businesses We are a diversified holding company owning subsidiaries currently engaged in the following continuing operating businesses: Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion and Pharma. We also report the results of our Holding Company, which includes the results of certain subsidiaries of Icahn Enterprises (unless otherwise noted), and investment activity and expenses associated with our Holding Company. See Note 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 $3.8 billion and $4.2 billion as of June 30, 2023 and December 31, 2022, respectively. Energy We conduct our Energy segment through our majority owned subsidiary, CVR Energy, Inc. (“CVR Energy”). CVR Energy is a diversified holding company primarily engaged in the petroleum refining and marketing businesses as well as in the nitrogen fertilizer manufacturing businesses through its holdings in CVR Partners, LP, a publicly traded limited partnership (“CVR Partners”). CVR Energy is an independent petroleum refiner and marketer of high value transportation fuels primarily in the form of gasoline and diesel fuels, as well as renewable diesel. CVR Partners produces and markets nitrogen fertilizers in the form of urea ammonium nitrate and ammonia. CVR Energy holds 100% of the general partner interest and approximately 37% of the outstanding common units of CVR Partners as of June 30, 2023. As of June 30, 2023, we owned approximately 71% of the total outstanding common stock of CVR Energy. On November 21, 2022, CVR Energy’s board of directors had authorized its management to explore a potential spin-off of CVR Energy’s interest in the nitrogen fertilizer business into a newly created and separately traded public company. On June 13, 2023, CVR Energy announced that it has concluded such process and that its board of directors has determined not to pursue the potential spin-off at this time. Automotive We conduct our Automotive segment through our wholly owned subsidiary, Icahn Automotive Group LLC (“Icahn Automotive”) and our wholly owned subsidiary, AEP PLC LLC (“AEP PLC”). Icahn Automotive is engaged in providing a full range of automotive repair and maintenance services (“automotive services”) to its customers as well as a retail business which consists of sales of automotive aftermarket parts and retailed merchandise (“aftermarket parts”). On January 31, 2023, a subsidiary of Icahn Automotive, IEH Auto Parts Holding LLC and its subsidiaries (“Auto Plus”), an aftermarket parts distributor held within our Automotive segment, filed voluntary petitions in the United States Bankruptcy Court. As a result of Auto Plus’s filings for bankruptcy protections on January 31, 2023, we no longer controlled the operations of Auto Plus, therefore, we deconsolidated Auto Plus as of January 31, 2023. See Note 3, “Subsidiary Bankruptcy and Deconsolidation”, for a detailed discussion of the Auto Plus bankruptcy and deconsolidation. Food Packaging We conduct our Food Packaging segment through our majority owned subsidiary, Viskase Companies, Inc. (“Viskase”). Viskase is a producer of cellulosic, fibrous and plastic casings used to prepare and package processed meat products. As of June 30, 2023, we owned approximately 90% of the total outstanding common stock of Viskase. Real Estate Our Real Estate segment consists primarily of investment properties, the development and sale of single-family homes and the management of a country club. Home Fashion We conduct our Home Fashion segment through our wholly owned subsidiary, WestPoint Home LLC (“WPH”). WPH’s business consists of manufacturing, sourcing, marketing, distributing and selling home fashion consumer products. Pharma We conduct our Pharma segment through our wholly owned subsidiary, Vivus LLC, formerly Vivus, Inc. (“Vivus”). Vivus is a specialty pharmaceutical company with two approved therapies and one product candidate in active clinical development.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
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 our inadvertently becoming an investment company that is required to register under the Investment Company Act. Our sales of Federal-Mogul LLC, Tropicana Entertainment Inc., American Railcar Industries, Inc., Ferrous Resources Ltd., and PSC Metals in recent years did not result in our being considered an investment company. However, additional transactions involving the sale of certain assets could result in our being considered an investment company. Following such events or transactions, an exemption under the Investment Company Act would provide us up to one year to take steps to avoid becoming classified as an investment company. We expect to take steps to avoid becoming classified as an investment company, but no assurance can be made that we will successfully be able to take the steps necessary to avoid becoming classified as an investment company. The accompanying condensed consolidated financial statements and related notes should be read in conjunction with our consolidated financial statements and related notes contained in our Annual Report on Form 10-K for the year ended December 31, 2022. The condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”) related to interim financial statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) have been condensed or omitted pursuant to such rules and regulations. The financial information contained herein is unaudited; however, management believes all adjustments have been made that are necessary to present fairly the results for the interim periods. All such adjustments are of a normal and recurring nature. Principles of Consolidation Our condensed consolidated financial statements include the accounts of (i) Icahn Enterprises and (ii) the wholly and majority owned subsidiaries of Icahn Enterprises, in addition to variable interest entities (“VIEs”) in which we are the primary beneficiary. In evaluating whether we have a controlling financial interest in entities that we consolidate, we consider the following: (1) for voting interest entities, including limited partnerships and similar entities that are not VIEs, we consolidate these entities in which we own a majority of the voting interests; and (2) for VIEs, we consolidate these entities in which we are the primary beneficiary. See below for a discussion of our VIEs. Kick-out rights, which are the rights underlying the limited partners’ ability to dissolve the limited partnership or otherwise remove the general partners, held through voting interests of partnerships and similar entities that are not VIEs are considered the equivalent of the equity interests of corporations that are not VIEs. For entities over which the Company does not have significant influence, the Company accounts for its equity investment at fair value, except for the Company’s equity interest in Auto Plus. Except for our Investment segment and Holding Company, for equity investments in which we own 50% or less but greater than 20%, we generally account for such investments using the equity method. All other such equity investments are accounted for at fair value. Consolidated Variable Interest Entities We determined that Icahn Enterprises Holdings is a VIE because it is a limited partnership that lacks both substantive kick-out and participating rights. Although Icahn Enterprises is not the general partner of Icahn Enterprises Holdings, Icahn Enterprises is deemed to be the primary beneficiary of Icahn Enterprises Holdings principally based on its 99% limited partner interest in Icahn Enterprises Holdings, as well as our related party relationship with the general partner, and therefore continues to consolidate Icahn Enterprises Holdings. Icahn Enterprises Holdings and its subsidiaries own substantially all of our assets and liabilities and therefore, the balance sheets of Icahn Enterprises and Icahn Enterprises Holdings are substantially the same. During the quarter ended June 30, 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. We hold assets in a protected cell, which we are the primary beneficiary of, and therefore consolidate the protected cell. The total assets related to the protected cell were $100 million at June 30, 2023 and are 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 June 30, 2023 was approximately $7.1 billion and $6.3 billion, respectively. The carrying value and estimated fair value of our long-term debt as of December 31, 2022 was approximately $7.1 billion and $6.6 billion, respectively. Cash Flow Cash and cash equivalents and restricted cash and restricted cash equivalents on our condensed consolidated statements of cash flows is comprised of (i) cash and cash equivalents and (ii) cash held at consolidated affiliated partnerships and restricted cash. Cash Held at Consolidated Affiliated Partnerships and Restricted Cash Our cash held at consolidated affiliated partnerships balance was $367 million and $1,019 million as of June 30, 2023 and December 31, 2022, respectively. Cash held at consolidated affiliated partnerships relates to our Investment segment and consists of cash and cash equivalents held by the Investment Funds that, although not legally restricted, are not available to fund the general liquidity needs of the Investment segment or Icahn Enterprises. Our restricted cash balance was $2,231 million and $1,530 million as of June 30, 2023 and December 31, 2022, respectively. Restricted cash includes, but is not limited to, our Investment segment’s cash pledged and held for margin requirements on derivative transactions and cash held related our captive insurance program. Long-Lived Assets The company reviews long-lived assets for impairment when impairment indcators exist. An evaluation of impairment consists of reviewing the carrying value of a long-lived asset for recoverability. Recoverability of long-lived assets to be held and used is measured by a comparison of the carrying amount of an asset to esimtaed undiscounted future net cash flows expected to be generated by the asset. If the carrying value of the long-lived asset is not determined to be recoverable, a fair value assessment if performed. During the second quarter of 2023, a significant tenant of a commercial high-rise property, within our Real Estate segment, was notified of default for non-payment. The tenant was unable to cure the default status and the lease was terminated. We considered this default, along with other facts and circumstances, a triggering event for potential impairment and we assessed the carrying value of this long-lived asset for recoverability using the undiscounted cash flow method during the second quarter of 2023. We determined the total undiscounted cash flows of the property exceeded its carrying value and therefore, no impairment is required. Revenue From Contracts With Customers and Contract Balances Due to the nature of our business, we derive revenue from various sources in various industries. With the exception of all of our Investment segment’s and our Holding Company’s revenues, and our Real Estate and Automotive segments’ leasing revenue, our revenue is generally derived from contracts with customers in accordance with U.S. GAAP. Such revenue from contracts with customers is included in net sales and other revenues from operations in the condensed consolidated statements of operations, however, our Real Estate and Automotive segments’ 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 includes fertilizer sales contracts requiring customer prepayment prior to product delivery to guarantee a price and supply of nitrogen fertilizer. Deferred revenue is recorded at the point in time in which a prepaid contract is legally enforceable and the associated right to consideration is unconditional prior to transferring product to the customer. An associated receivable is recorded for uncollected prepaid contract amounts. Contracts requiring prepayment are generally short-term in nature and revenue is recognized at the point in time in which the customer obtains control of the product. In addition, it includes deferred revenue associated with 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 $44 million and $48 million as of June 30, 2023 and December 31, 2022, respectively. For the six months ended June 30, 2023 and 2022, our Energy segment recorded revenue of $46 million and $84 million, respectively, with respect to deferred revenue outstanding as of the beginning of each respective period. As of June 30, 2023, our Energy segment had $2 million of remaining performance obligations for contracts with an original expected duration of more than one year. Our Energy segment expects to recognize a majority of these performance obligations as revenue by the end of 2023 and the remaining nominal balance in 2024. Automotive Our Automotive segment had deferred revenue with respect to extended warranty plans of $44 million at each of June 30, 2023 and December 31, 2022, respectively, which are included in accrued expenses and other liabilities on the condensed consolidated balance sheets. For the six months ended June 30, 2023 and 2022, our Automotive segment recorded revenue of $13 million and $12 million, respectively, with respect to deferred revenue outstanding as of the beginning of each respective period. Adoption of New Accounting Standards In March 2020, the FASB issued ASU 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reporting Reference Rate Reform other interest rates used globally. This ASU provides companies with optional expedients for contract modifications under U.S. GAAP, excluded components of certain hedging relationships, fair value hedges, and cash flow hedges, as well as certain exceptions, which are intended to help ease the potential accounting burden associated with transitioning away from these reference rates. We adopted this ASU effective January 1, 2023. The adoption of this standard did not have a significant impact on our condensed consolidated financial statements. In September 2022, the FASB issued ASU 2022-04, Liabilities- Supplier Finance Programs (Subtopic 405-50) Disclosure of Supplier Finance Program Obligations Recently Issued Accounting Standards In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions,

Subsidiary Bankruptcy and Decon

Subsidiary Bankruptcy and Deconsolidation	6 Months Ended
Subsidiary Bankruptcy and Deconsolidation	Jun. 30, 2023
Subsidiary Bankruptcy and Deconsolidation
Subsidiary Bankruptcy and Deconsolidation	3. Subsidiary Bankruptcy and Deconsolidation On January 31, 2023, a subsidiary of Icahn Automotive, IEH Auto Parts Holding LLC and its subsidiaries, (collectively, “Auto Plus”), an aftermarket parts distributor held within our Automotive segment, filed voluntary petitions (the “Chapter 11 Cases”) in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”) seeking relief under Chapter 11 of Title 11 of the United States Code. 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”). A wholly owned subsidiary of IEP, 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 will 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 Bankruptcy Plan provides for the orderly liquidation of Auto Plus and distribution of its assets. As of the date hereof, the effective date of the Bankruptcy Plan had not yet occurred. As a result of the filing of the Chapter 11 Cases, the Company has determined that it no longer controls Auto Plus under the criteria set out in Statement of Financial Accounting Standards (“FASB”) ASC Topic 810, “Consolidation” and has deconsolidated its investment effective January 31, 2023. In order to deconsolidate Auto Plus, we removed the carrying values of the assets and liabilities of Auto Plus as of January 31, 2023 and recorded our investment in Auto Plus at $0 resulting in a non-cash charge of $246 million during the six months ended June 30, 2023.

Related Party Transactions

Related Party Transactions	6 Months Ended
Related Party Transactions	Jun. 30, 2023
Related Party Transactions
Related Party Transactions	4. Related Party Transactions Our second amended and restated agreement of limited partnership expressly permits us to enter into transactions with our general partner or any of its affiliates, including buying or selling properties from or to our general partner and any of its affiliates and borrowing and lending money from or to our general partner and any of its affiliates, subject to limitations contained in our partnership agreement and the Delaware Revised Uniform Limited Partnership Act. The indentures governing our indebtedness contain certain covenants applicable to transactions with affiliates. Investment Funds As of June 30, 2023 and December 31, 2022, the total fair market value of investments in the Investment Funds made by Mr. Icahn and his affiliates (excluding us and Brett Icahn) was approximately $3.0 billion and $4.9 billion, respectively, representing approximately 44% and 54% of the Investment Funds’ assets under management as of each respective date. During the six months ended June 30, 2023, Mr. Icahn and his affiliates (excluding us and Brett Icahn) had redemptions of $1,452 million from the Investment Funds. There were no redemptions in the six months ended June 30, 2022. We pay for expenses pertaining to the operation, administration and investment activities of our Investment segment for the benefit of the Investment Funds (including salaries, benefits and rent). Based on an expense-sharing arrangement, certain expenses borne by us are reimbursed by the Investment Funds. For the six months ended June 30, 2023 and 2022, $7 million and $6 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 five months from the date of deconsolidation of January 31, 2023 through June 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 and total net trade accounts payable due to Auto Plus as of June 30, 2023 was 2 million. For the five months from the date of deconsolidation of January 31, 2023 through June 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. In the second quarter of 2023, we estimated our cash to be collected for the repayment of the note receivable to be $82 million, resulting in a write-off of $116 million during the six months ended June 30, 2023. AEP PLC In connection with the Auto Plus auction, our wholly owned subsidiary AEP PLC, acquired $10 million of assets mostly comprised of aftermarket parts inventory during the second quarter of 2023. The transaction was considered an asset acquisition, as 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 June 30, 2023 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 $8 million in the six months ended June 30, 2023 and contributed $3 million in accordance with the manager agreement in the six months ended June 30, 2022. As of June 30, 2023 and December 31, 2022 Brett Icahn had investments in the Investment Funds with a total fair market value of $39 million and $50 million, respectively. We also entered into a guaranty agreement with an affiliate of Brett Icahn, pursuant to which we guaranteed the payment of certain amounts required to be distributed by the Investment Funds to such affiliate pursuant to the terms and conditions of the manager agreement.

Investments

Investments	6 Months Ended
Investments	Jun. 30, 2023
Investments
Investments	5. Investments Investments Investments and securities sold, not yet purchased consist of equities, bonds, bank debt and other corporate obligations, all of which are reported at fair value in our condensed consolidated balance sheets. In addition, our Investment segment has certain derivative transactions which are discussed in Note 7, “Financial Instruments.” The carrying value and detail by security type, including business sector for equity securities, with respect to investments and securities sold, not yet purchased held by our Investment segment consist of the following: June 30, December 31, 2023 2022 (in millions) Assets Investments: Equity securities: Communications $ — $ 199 Consumer, cyclical 504 692 Energy 689 909 Utilities 1,238 1,205 Healthcare 474 320 Technology 639 655 Materials 142 153 Industrial — 486 3,686 4,619 Debt Securities: Financials 1,001 1,958 Real Estate 134 131 Communications — 11 1,135 2,100 $ 4,821 $ 6,719 Liabilities Securities sold, not yet purchased, at fair value: Equity securities: Consumer, non-cyclical $ 116 $ 1,006 Consumer, cyclical — 352 Energy 1,794 2,690 Utilities 563 813 Healthcare — 387 Materials 579 598 Industrial 146 480 3,198 6,326 Debt securities: Materials 172 169 $ 3,370 $ 6,495 The portion of unrealized (losses) and gains that relates to securities still held by our Investment segment, primarily equity securities, was $(69) million and $(894) million for the three months ended June 30, 2023 and 2022, respectively, and $(124) million and $(694) million for the six months ended June 30,2023 and 2022, respectively. Other Segments and Holding Company With the exception of certain equity method investments at our operating subsidiaries and our Holding Company disclosed in the table below, our investments are measured at fair value in our condensed consolidated balance sheets. The carrying value of investments held by our other segments and our Holding Company consist of the following: June 30, December 31, 2023 2022 (in millions) Equity method investments $ 102 $ 76 Other investments measured at fair value 14 14 $ 116 $ 90 The portion of unrealized gains and (losses) that relates to equity securities still held by our other segments and Holding Company was zero and $3 million for each of the three months ended June 30, 2023 and 2022, respectively, and zero and $61 million for the six months ended June 30, 2023 and 2022, respectively.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Jun. 30, 2023
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: June 30, 2023 December 31, 2022 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (in millions) Assets Investments (Note 5) $ 3,648 $ 1,134 $ 42 $ 4,824 $ 5,538 $ 1,142 $ 42 $ 6,722 Derivative assets, net (Note 7) — 344 — 344 — 805 — 805 $ 3,648 $ 1,478 $ 42 $ 5,168 $ 5,538 $ 1,947 $ 42 $ 7,527 Liabilities Securities sold, not yet purchased (Note 5) $ 3,198 $ 172 $ — $ 3,370 $ 6,326 $ 169 $ — $ 6,495 Derivative liabilities, net (Note 7) 15 896 — 911 — 691 — 691 RFS obligations (Note 18) — 599 — 599 — 692 — 692 $ 3,213 $ 1,667 $ — $ 4,880 $ 6,326 $ 1,552 $ — $ 7,878 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, which is a non-recurring Level 3 measurement. 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. During the second quarter of 2023, 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 note collateral is primarily made up of cash and accounts receivable and we estimated the fair value to be $82 million. The fair value of accounts receivable was estimated based on expected collectability.We determined the expected credit losses of

Financial Instruments

Financial Instruments	6 Months Ended
Financial Instruments	Jun. 30, 2023
Financial Instruments
Financial Instruments	7. Financial Instruments Overview Investment In the normal course of business, the Investment Funds may trade various financial instruments and enter into certain investment activities, which may give rise to off-balance-sheet risks, with the objective of capital appreciation or as economic hedges against other securities or the market as a whole. The Investment Funds’ investments may include futures, options, swaps and securities sold, not yet purchased. These financial instruments represent future commitments to purchase or sell other financial instruments or to exchange an amount of cash based on the change in an underlying instrument at specific terms at specified future dates. Risks arise with these financial instruments from potential counterparty non-performance and from changes in the market values of underlying instruments. Credit concentrations may arise from investment activities and may be impacted by changes in economic, industry or political factors. The Investment Funds routinely execute transactions with counterparties in the financial services industry, resulting in credit concentration with respect to the financial services industry. In the ordinary course of business, the Investment Funds may also be subject to a concentration of credit risk to a particular counterparty. The Investment Funds seek to mitigate these risks by actively monitoring exposures, collateral requirements and the creditworthiness of their counterparties. The Investment Funds have entered into various types of swap contracts with other counterparties. These agreements provide that they are entitled to receive or are obligated to pay in cash an amount equal to the increase or decrease, respectively, in the value of the underlying shares, debt and other instruments that are the subject of the contracts, during the period from inception of the applicable agreement to its expiration. In addition, pursuant to the terms of such agreements, they are entitled to receive or obligated to pay other amounts, including interest, dividends and other distributions made in respect of the underlying shares, debt and other instruments during the specified time frame. They are also required to pay to the counterparty a floating interest rate equal to the product of the notional amount multiplied by an agreed-upon rate, and they receive interest on any cash collateral that they post to the counterparty at the federal funds, or the overnight bank funding rate in effect for such period. The Investment Funds may trade futures contracts. A futures contract is a firm commitment to buy or sell a specified quantity of a standardized amount of a deliverable grade commodity, security, currency or cash at a specified price and specified future date unless the contract is closed before the delivery date. Payments (or variation margin) are made or received by the Investment Funds each day, depending on the daily fluctuations in the value of the contract, and the whole value change is recorded as an unrealized gain or loss by the Investment Funds. When the contract is closed, the Investment Funds record a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed. The Investment Funds may utilize forward contracts to seek to protect their assets denominated in foreign currencies and precious metals holdings from losses due to fluctuations in foreign exchange rates and spot rates. The Investment Funds’ exposure to credit risk associated with non-performance of such forward contracts is limited to the unrealized gains or losses inherent in such contracts, which are recognized in other assets and accrued expenses and other liabilities in our condensed consolidated balance sheets. The Investment Funds may also enter into foreign currency contracts for purposes other than hedging denominated securities. When entering into a foreign currency forward contract, the Investment Funds agree to receive or deliver a fixed quantity of foreign currency for an agreed-upon price on an agreed-upon future date unless the contract is closed before such date. The Investment Funds record unrealized gains or losses on the contracts as measured by the difference between the forward foreign exchange rates at the dates of entry into such contracts and the forward rates at the reporting date. The Investment Funds may also purchase and write option contracts. As a writer of option contracts, the Investment Funds receive a premium at the outset and then bear the market risk of unfavorable changes in the price of the underlying financial instrument. As a result of writing option contracts, the Investment Funds are obligated to purchase or sell, at the holder’s option, the underlying financial instrument. Accordingly, these transactions result in off-balance-sheet risk, as the Investment Funds’ satisfaction of the obligations may exceed the amount recognized in our condensed consolidated balance sheets. Certain terms of the Investment Funds’ contracts with derivative counterparties, which are standard and customary to such contracts, contain certain triggering events that would give the counterparties the right to terminate the derivative instruments. In such events, the counterparties to the derivative instruments could request immediate payment on derivative instruments in net liability positions. There were no Investment Funds’ derivative instruments with credit-risk-related contingent features in a liability position as of June 30, 2023 and December 31, 2022. The following table summarizes the volume of our Investment segment’s derivative activities based on their notional exposure, categorized by primary underlying risk: June 30, 2023 December 31, 2022 Long Notional Exposure Short Notional Exposure Long Notional Exposure Short Notional Exposure (in millions) Primary underlying risk: Equity contracts $ 2,261 $ 3,719 $ 1,816 $ 5,354 Credit contracts (1) — 797 — 945 Commodity contracts — 426 — 22 (1) The short notional amount on our credit default swap positions was approximately $3.1 billion and $3.5 billion at June 30, 2023 and December 31, 2022, respectively. However, because credit spreads cannot compress below zero , our downside short notional exposure to loss is approximately $0.8 billion and $0.9 billion as of June 30, 2023 and December 31, 2022, respectively. Certain derivative contracts executed by each of the Investment Funds with a single counterparty are reported on a net-by-counterparty basis where a legal right of offset exists under an enforceable netting agreement. Values for the derivative financial instruments, principally swaps, forwards, over-the-counter options and other conditional and exchange contracts, are reported on a net-by-counterparty basis. The following table presents the fair values of our Investment segment’s derivatives that are not designated as hedging instruments in accordance with U.S. GAAP: Derivative Assets Derivative Liabilities June 30, 2023 December 31, 2022 June 30, 2023 December 31, 2022 (in millions) Equity contracts $ 70 $ 392 $ 961 $ 719 Credit contracts 327 447 1 1 Commodity contracts 1 — 15 1 Sub-total 398 839 977 721 Netting across contract types (1) (71) (34) (71) (34) Total (1) $ 327 $ 805 $ 906 $ 687 (1) Excludes netting of cash collateral received and posted. The total collateral posted at June 30, 2023 and December 31, 2022 was $2,034 million and $1,436 million, respectively, across all counterparties, which are included in cash held at consolidated affiliated partnerships and restricted cash in the condensed consolidated balance sheets. The following table presents the amount of gain (loss) recognized in the condensed consolidated statements of operations for our Investment segment’s derivatives not designated as hedging instruments: Gain (loss) Recognized in Income (1) Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in millions) Equity contracts $ (366) $ 392 $ (650) $ 483 Credit contracts (2) (35) 34 (320) Commodity contracts (17) — (16) — $ (385) $ 357 $ (632) $ 163 (1) Gains (losses) recognized on derivatives are classified in net (loss) gain from investment activities in our condensed consolidated statements of operations for our Investment segment. Energy CVR Energy’s businesses are subject to fluctuations of commodity prices caused by supply conditions, weather, economic conditions, interest rates, and other factors. To manage price risk on crude oil and other inventories and to fix margins on future production, CVR Energy from time to time enters into various commodity derivative transactions and hold derivative instruments, such as futures and swaps, which it believes provide an economic hedge on future transactions, but such instruments are not designated as hedge instruments. CVR Energy may enter into forward purchase or sale contracts associated with its feedstocks, expected future gasoline and diesel production and/or renewable identification numbers (“RINs”). As of June 30, 2023 and December 31, 2022, CVR Energy had 19 million and less than a million outstanding commodity swap positions, respectively. As of June 30, 2023 and December 31, 2022, CVR Energy had future contracts of less than 1 million barrels at each period. As of June 30, 2023 and December 31, 2022, CVR Energy had open fixed-price commitments to purchase a net 63 million and 34 million RINs, respectively. The following table presents the fair value of our Energy segment’s derivatives and the effect of the collateral netting: Derivative Assets Derivative Liabilities June 30, 2023 December 31, 2022 June 30, 2023 December 31, 2022 (in millions) Commodity contracts 17 — 10 5 Netting across contract types (1) — — (5) (1) Total (1) $ 17 $ — $ 5 $ 4 (1) Excludes netting of derivatives primarily related to initial margin requirements of $9 million and $7 million at June 30, 2023 and December 31, 2022, respectively, which was not offset against derivatives assets, net in the condensed consolidated balance sheets . (Losses) gains recognized on derivatives for our Energy segment were $(4) million and $(68) million for the three months ended June 30, 2023 and 2022, respectively, and $41 million and $(66) million for the six months ended June 30, 2023 and 2022, respectively. Gains and losses recognized on derivatives for our Energy segment are included in cost of goods sold on the condensed consolidated statements of operations.

Related Party Notes Receivable

Related Party Notes Receivable	6 Months Ended
Related Party Notes Receivable	Jun. 30, 2023
Related Party Notes Receivable
Related Party Notes Receivable	8. Related Party Notes Receivable Related party notes receivable and its related allowance for expected credit losses consists of the following: June 30, 2023 Related party notes receivable, gross $ 82 Less: Allowance for expected credit losses — Related party notes receivable $ 82 Allowance for expected credit losses: Beginning Balance $ - Credit loss provision 116 Write-offs (116) Ending Balance $ — Write-offs associated with related party notes receivable was $116 million for the three and six months ended June 30, 2023. See Note 6, “Financial Instruments,” for additional information related to the fair value of the related party notes receivable.

Inventories, Net

Inventories, Net	6 Months Ended
Inventories, Net	Jun. 30, 2023
Inventories Net
Inventories, Net	9. Inventories, Net Inventories, net consists of the following: June 30, December 31, 2023 2022 (in millions) Raw materials $ 307 $ 335 Work in process 106 105 Finished goods 589 1,091 In transit 13 — $ 1,015 $ 1,531 Due to the deconsolidation of Auto Plus inventories decreased $440 million from December 31, 2022.

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	6 Months Ended
Goodwill and Intangible Assets, Net	Jun. 30, 2023
Goodwill and Intangible Assets, Net
Goodwill and Intangible Assets, Net	10. Goodwill and Intangible Assets, Net Goodwill consists of the following: June 30, 2023 December 31, 2022 Gross Net Gross Net Carrying Accumulated Carrying Carrying Accumulated Carrying Amount Impairment Value Amount Impairment Value (in millions) Automotive $ 337 $ (87) $ 250 $ 337 $ (87) $ 250 Food Packaging 6 — 6 6 — 6 Home Fashion 22 (3) 19 22 (3) 19 Pharma 13 — 13 13 — 13 $ 378 $ (90) $ 288 $ 378 $ (90) $ 288 Intangible assets, net consists of the following: June 30, 2023 December 31, 2022 Gross Net Gross Net Carrying Accumulated Carrying Carrying Accumulated Carrying Amount Amortization Value Amount Amortization Value (in millions) Definite-lived intangible assets: Customer relationships $ 392 $ (219) $ 173 $ 393 $ (212) $ 181 Developed technology 254 (76) 178 254 (62) 192 Other 164 (96) 68 167 (90) 77 $ 810 $ (391) $ 419 $ 814 $ (364) $ 450 Indefinite-lived intangible assets $ 83 $ 83 Intangible assets, net $ 502 $ 533 Amortization expense associated with definite-lived intangible assets was $14 million and $16 million for the three months ended June 30, 2023 and 2022, respectively, and $29 million for each of the six months ended June 30, 2023 and 2022, respectively. We utilize the straight-line method of amortization, recognized over the estimated useful lives of the assets.

Leases

Leases	6 Months Ended
Leases	Jun. 30, 2023
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: June 30, December 31, 2023 2022 (in millions) Operating Leases: Right-of-use assets (other assets) $ 509 $ 478 Lease liabilities (accrued expenses and other liabilities) 517 484 Financing Leases: Right-of-use assets (property, plant and equipment, net) 49 48 Lease liabilities (debt) 65 64 Additional information with respect to our operating leases as of June 30, 2023 and December 31, 2022 is presented below. The lease terms and discount rates for our Energy, Automotive and Food Packaging segments represent weighted averages based on their respective lease liability balances. Right-Of-Use Lease Discount Operating Leases as of June 30, 2023 Assets Liabilities Lease Term Rate (in millions) Energy $ 40 $ 38 3.9 years 5.5% Automotive 426 439 5.3 years 5.9% Food Packaging 23 26 9.5 years 7.4% Other segments and Holding Company 20 14 $ 509 $ 517 Right-Of-Use Lease Discount Operating Leases as of December 31, 2022 Assets Liabilities Lease Term Rate (in millions) Energy $ 40 $ 40 4.1 years 5.2% Automotive 386 395 4.7 years 5.9% Food Packaging 24 27 9.8 years 7.4% Other segments and Holding Company 28 22 $ 478 $ 484 For the three months ended June 30, 2023 and 2022, lease cost was comprised of (i) operating lease cost of $49 million and $51 million, respectively, (ii) amortization of financing lease right-of-use assets of $3 million and $1 million, respectively, and (iii) interest expense on financing lease liabilities of $1 million and $1 million, respectively. For the six months ended June 30, 2023 and 2022, lease cost was comprised of (i) operating lease cost of $90 million and $98 million, respectively, (ii) amortization of financing lease right-of-use assets of $4 million and $4 million, respectively, and (iii) interest expense on financing lease liabilities of $2 million at each period. Our automotive segment accounted for $72 million and $81 million of total lease cost for the six months ended June 30, 2023 and 2022, respectively. Automotive Our Automotive segment leases certain operating locations under long-term operating leases. Our Automotive segment’s revenues from operating leases were $13 million and $13 million for the three months ended June 30, 2023 and 2022, respectively, and $29 million and $22 million for the six months ended June 30, 2023 and 2022, respectively. Revenues from operating leases are included in other revenue from operations in the condensed consolidated statements of operations. Real Estate Our Real Estate segment leases real estate, primarily commercial properties under long-term operating leases. As of June 30, 2023 and December 31, 2022, our Real Estate segment had assets leased to others included in property, plant and equipment of $256 million and $252 million, respectively, net of accumulated depreciation. Our Real Estate segment’s revenue from operating leases were $7 million and $1 million for the three months ended June 30, 2023 and 2022, respectively, and $12 million and $3 million for the six months ended June 30, 2023 and 2022, respectively. Revenues from operating leases are included in other revenue from operations in the condensed consolidated statements of operations.

Debt

Debt	6 Months Ended
Debt	Jun. 30, 2023
Debt
Debt	12. Debt Debt consists of the following: June 30, December 31, 2023 2022 (in millions) Holding Company: 4.750% senior unsecured notes due 2024 $ 1,102 $ 1,103 6.375% senior unsecured notes due 2025 749 749 6.250% senior unsecured notes due 2026 1,250 1,250 5.250% senior unsecured notes due 2027 1,460 1,460 4.375% senior unsecured notes due 2029 747 747 5,308 5,309 Reporting Segments: Energy 1,591 1,591 Automotive 19 21 Food Packaging 150 162 Real Estate 1 1 Home Fashion 9 12 1,770 1,787 Total Debt $ 7,078 $ 7,096 Holding Company In February 2022, we redeemed all of our $500 million aggregate principal amount of 6.750% senior unsecured notes due 2024 at par. As a result of this transaction, Icahn Enterprises recorded a loss on extinguishment of debt of $1 million during the six months ended June 30, 2022. Covenants We and all of our subsidiaries are currently in compliance with all covenants and restrictions as described in the various executed agreements and contracts with respect to each debt instrument. These covenants include limitations on indebtedness, liens, investments, acquisitions, asset sales, dividends and other restricted payments and affiliate and extraordinary transactions. Non-Cash Charges to Interest Expense The amortization of deferred financing costs and debt discounts and premiums included in interest expense in the condensed consolidated statements of operations were less than $1 million and $1 million for the three months ended June 30, 2023 and 2022, respectively, and $2 million for each of the six months ended June 30, 2023 and 2022.

Net Income Per LP Unit

Net Income Per LP Unit	6 Months Ended
Net Income Per LP Unit	Jun. 30, 2023
Net Income Per LP Unit [Abstract]
Net Income Per LP Unit	13. Net Income Per LP Unit The components of the computation of basic and diluted income per LP unit of Icahn Enterprises are as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in millions, except per unit amounts) Net (loss) income attributable to Icahn Enterprises $ (269) $ (128) $ (539) $ 195 Net (loss) income attributable to Icahn Enterprises allocated to limited partners (98.01% allocation) $ (264) $ (125) $ (528) $ 191 Basic (loss) income per LP unit: $ (0.72) $ (0.41) $ (1.46) $ 0.64 Basic weighted average LP units outstanding 367 306 361 300 Diluted (loss) income per LP unit: $ (0.72) $ (0.41) $ (1.46) $ 0.64 Diluted weighted average LP units outstanding 367 306 361 300 LP Unit Transactions Unit Distributions On February 22, 2023, we declared a quarterly distribution in the amount of $2.00 per depositary unit in which each depositary unitholder had the option to make an election to receive either cash or additional depositary units. On May 9, 2023, we declared a quarterly distribution in the amount of $2.00 per depositary unit in which each depositary unitholder had the option to make an election to receive either cash or additional depositary units. As a result of the above distributions declared, during the six months ended June 30, 2023, we distributed an aggregate At-The-Market Offerings During the three months ended June 30, 2023, we did not sell depositary units pursuant to our Open Market Sale Agreement. During the six months ended June 30, 2023, we sold 3,395,353 depository units pursuant to the Open Market Sale Agreement, resulting in gross proceeds of $175 million. As of June 30, 2023, we continue to have an active Open Market Sale Agreement and Icahn Enterprises may sell its depositary units for up to an additional $149 million in aggregate gross sale proceeds pursuant to this agreement. 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. As of June 30, 2023, the Company has not repurchased any of the Company’s depository units or senior notes under the Repurchase Program.

Segment Reporting

Segment Reporting	6 Months Ended
Segment Reporting	Jun. 30, 2023
Segment Reporting [Abstract]
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 June 30, 2023 Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated (in millions) Revenues: Net sales $ — $ 2,237 $ 248 $ 117 $ 13 $ 46 $ 23 $ — $ 2,684 Other revenues from operations — — 177 — 20 — 1 — 198 Net loss from investment activities (500) — — — — — — — (500) Interest and dividend income 134 8 — — — — — 25 167 Other (loss) income, net (18) 3 3 1 1 — 1 — (9) (384) 2,248 428 118 34 46 25 25 2,540 Expenses: Cost of goods sold — 1,990 173 90 8 35 14 — 2,310 Other expenses from operations — — 142 — 18 — — — 160 Selling, general and administrative 13 39 114 15 5 10 11 8 215 Credit loss on related party note receivable — — — — — — — 116 116 Loss on deconsolidation of subsidiaries — — — — — — — 20 20 Interest expense 38 22 1 3 — — — 72 136 51 2,051 430 108 31 45 25 216 2,957 (Loss) income before income tax (expense) benefit (435) 197 (2) 10 3 1 — (191) (417) Income tax (expense) benefit — (41) 6 (5) — — — 38 (2) Net (loss) income (435) 156 4 5 3 1 — (153) (419) Less: net (loss) income attributable to non-controlling interests (220) 70 — — — — — — (150) Net (loss) income attributable to Icahn Enterprises $ (215) $ 86 $ 4 $ 5 $ 3 $ 1 $ — $ (153) $ (269) Supplemental information: Capital expenditures $ — $ 56 $ 11 $ 5 $ — $ 1 $ — $ — $ 73 Depreciation and amortization $ — $ 89 $ 22 $ 7 $ 3 $ 1 $ 7 $ — $ 129 Three Months Ended June 30, 2022 Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated (in millions) Revenues: Net sales $ — $ 3,144 $ 438 $ 110 $ 17 $ 69 $ 18 $ — $ 3,796 Other revenues from operations — — 183 — 13 — 1 — 197 Net (loss) from investment activities (459) — — — — — — 17 (442) Interest and dividend income 47 1 — — — — — 2 50 Other (loss) income, net (18) (75) — (6) — — — 1 (98) (430) 3,070 621 104 30 69 19 20 3,503 Expenses: Cost of goods sold — 2,715 288 90 12 57 12 — 3,174 Other expenses from operations — — 134 — 14 — — — 148 Selling, general and administrative 10 43 219 13 3 11 10 6 315 Restructuring, net — — — — — — — — — Interest expense 53 24 — 2 — 1 — 71 151 63 2,782 641 105 29 69 22 77 3,788 (Loss) income before income tax (expense) benefit (493) 288 (20) (1) 1 — (3) (57) (285) Income tax (expense) benefit — (61) 5 (2) — — — 56 (2) Net (loss) income (493) 227 (15) (3) 1 — (3) (1) (287) Less: net (loss) income attributable to non-controlling interests (275) 117 — (1) — — — — (159) Net (loss) income attributable to Icahn Enterprises $ (218) $ 110 $ (15) $ (2) $ 1 $ — $ (3) $ (1) $ (128) Supplemental information: Capital expenditures $ — $ 62 $ 30 $ 5 $ 2 $ — $ — $ — $ 99 Depreciation and amortization $ — $ 89 $ 20 $ 7 $ 3 $ 1 $ 7 $ — $ 127 Six Months Ended June 30, 2023 Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated (in millions) Revenues: Net sales $ — $ 4,523 $ 535 $ 235 $ 20 $ 86 $ 43 $ — $ 5,442 Other revenues from operations — — 347 — 36 — 2 — 385 Net loss from investment activities (943) — — — — — — — (943) Interest and dividend income 278 13 — — — — — 47 338 Other (loss) income, net (46) 6 3 (6) 1 — 1 — (41) (711) 4,542 885 229 57 86 46 47 5,181 Expenses: Cost of goods sold — 3,916 366 181 14 67 26 — 4,570 Other expenses from operations — — 287 — 31 — — — 318 Selling, general and administrative 16 85 246 29 9 20 24 15 444 Credit loss on related party note receivable — — — — — — — 116 116 Loss on deconsolidation of subsidiary — — — — — — — 246 246 Interest expense 83 45 1 6 — — — 143 278 99 4,046 900 216 54 87 50 520 5,972 (Loss) before income tax (expense) benefit (810) 496 (15) 13 3 (1) (4) (473) (791) Income tax (expense) benefit — (93) 6 (1) — — — 102 14 Net (loss) income (810) 403 (9) 12 3 (1) (4) (371) (777) Less: net (loss) income attributable to non-controlling interests (424) 185 — 1 — — — — (238) Net (loss) income attributable to Icahn Enterprises $ (386) $ 218 $ (9) $ 11 $ 3 $ (1) $ (4) $ (371) $ (539) Supplemental information: Capital expenditures $ — $ 100 $ 21 $ 7 $ 2 $ 1 $ — $ — $ 131 Depreciation and amortization $ — $ 173 $ 41 $ 14 $ 6 $ 3 $ 14 $ — $ 251 Six Months Ended June 30, 2022 Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated (in millions) Revenues: Net sales $ — $ 5,517 $ 845 $ 211 $ 34 $ 124 $ 33 $ — $ 6,764 Other revenues from operations — — 339 — 24 — 2 — 365 Net gain from investment activities 449 — — — — — — 48 497 Interest and dividend income 87 1 — — — — — 4 92 Other (loss) income, net (35) (85) 2 (5) — — 1 — (122) 501 5,433 1,186 206 58 124 36 52 7,596 Expenses: Cost of goods sold — 4,838 555 171 22 102 24 — 5,712 Other expenses from operations — — 260 — 25 — — 285 Selling, general and administrative 14 88 427 26 7 22 20 12 616 Interest expense 85 48 1 3 — 1 — 147 285 99 4,974 1,243 200 54 125 44 159 6,898 Income (loss) before income tax benefit (expense) 402 459 (57) 6 4 (1) (8) (107) 698 Income tax (expense) benefit — (91) 14 (3) — — — (20) (100) Net income (loss) 402 368 (43) 3 4 (1) (8) (127) 598 Less: net income attributable to non-controlling interests 206 197 — — — — — — 403 Net income (loss) attributable to Icahn Enterprises $ 196 $ 171 $ (43) $ 3 $ 4 $ (1) $ (8) $ (127) $ 195 Supplemental information: Capital expenditures $ — $ 88 $ 51 $ 9 $ 6 $ — $ — $ — $ 154 Depreciation and amortization $ — $ 172 $ 40 $ 14 $ 6 $ 3 $ 14 $ — $ 249 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 June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in millions) Petroleum products $ 2,054 $ 2,900 $ 4,114 $ 5,050 Nitrogen fertilizer products 183 244 409 467 $ 2,237 $ 3,144 $ 4,523 $ 5,517 Automotive Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in millions) Automotive services $ 392 $ 393 $ 761 $ 746 Aftermarket parts sales 20 215 92 416 $ 412 $ 608 $ 853 $ 1,162 Condensed Balance Sheets June 30, 2023 Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated (in millions) ASSETS Cash and cash equivalents $ 22 $ 751 $ 59 $ 7 $ 46 $ 5 $ 24 $ 1,574 $ 2,488 Cash held at consolidated affiliated partnerships and restricted cash 2,401 7 9 — 7 3 — 171 2,598 Investments 4,821 102 — — 14 — — — 4,937 Accounts receivable, net — 300 39 90 15 27 24 — 495 Inventories, net — 524 260 111 — 90 30 — 1,015 Related party notes receivable — — — — — — — 82 82 Property, plant and equipment, net — 2,630 792 137 341 54 — 5 3,959 Goodwill and intangible assets, net — 189 346 24 — 19 212 — 790 Other assets 4,644 298 469 104 96 17 5 217 5,850 Total assets $ 11,888 $ 4,801 $ 1,974 $ 473 $ 519 $ 215 $ 295 $ 2,049 $ 22,214 LIABILITIES AND EQUITY Accounts payable, accrued expenses and other liabilities $ 1,637 $ 1,727 $ 847 $ 140 $ 53 $ 44 $ 58 $ 73 $ 4,579 Securities sold, not yet purchased, at fair value 3,370 — — — — — — — 3,370 Debt — 1,591 19 150 1 9 — 5,308 7,078 Total liabilities 5,007 3,318 866 290 54 53 58 5,381 15,027 Equity attributable to Icahn Enterprises 3,799 795 1,108 166 461 162 237 (3,332) 3,396 Equity attributable to non-controlling interests 3,082 688 — 17 4 — — — 3,791 Total equity 6,881 1,483 1,108 183 465 162 237 (3,332) 7,187 Total liabilities and equity $ 11,888 $ 4,801 $ 1,974 $ 473 $ 519 $ 215 $ 295 $ 2,049 $ 22,214 December 31, 2022 Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated (in millions) ASSETS Cash and cash equivalents $ 19 $ 510 $ 32 $ 9 $ 26 $ 5 $ 16 $ 1,720 $ 2,337 Cash held at consolidated affiliated partnerships and restricted cash 2,455 7 10 — 8 3 — 66 2,549 Investments 6,719 76 — — 14 — — — 6,809 Accounts receivable, net — 358 99 87 12 24 26 — 606 Inventories, net — 624 686 103 — 90 28 — 1,531 Property, plant and equipment, net — 2,664 826 142 345 56 — 5 4,038 Goodwill and intangible assets, net — 200 352 24 — 19 226 — 821 Other assets 8,041 296 527 110 102 16 6 125 9,223 Total assets $ 17,234 $ 4,735 $ 2,532 $ 475 $ 507 $ 213 $ 302 $ 1,916 $ 27,914 LIABILITIES AND EQUITY Accounts payable, accrued expenses and other liabilities $ 1,589 $ 1,823 $ 981 $ 149 $ 47 $ 45 $ 61 $ 70 $ 4,765 Securities sold, not yet purchased, at fair value 6,495 — — — — — — — 6,495 Debt — 1,591 21 162 1 12 — 5,309 7,096 Total liabilities 8,084 3,414 1,002 311 48 57 61 5,379 18,356 Equity attributable to Icahn Enterprises 4,184 648 1,530 149 455 156 241 (3,463) 3,900 Equity attributable to non-controlling interests 4,966 673 — 15 4 — — — 5,658 Total equity 9,150 1,321 1,530 164 459 156 241 (3,463) 9,558 Total liabilities and equity $ 17,234 $ 4,735 $ 2,532 $ 475 $ 507 $ 213 $ 302 $ 1,916 $ 27,914

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	15. Income Taxes For the three months ended June 30, 2023, we recorded an income tax expense of $2 million on pre-tax loss of $417 million compared to an income tax expense of $2 million on pre-tax loss of $285 For the three months ended June 30, 2023 and 2022, the effective tax rate was lower than the statutory federal rate of 21%, for corporations, primarily due to partnership loss for which there was no tax benefit as such losses are allocated to the partners. For the six months ended June 30, 2023, we recorded an income tax benefit of For the six months ended June 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 partners. For the six months ended June 30, 2022, the effective tax rate was lower than the statutory federal rate of 21% primarily due to partnership income for which there was no tax expense, as such income is allocated to the partners.

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss	6 Months Ended
Changes in Accumulated Other Comprehensive Loss	Jun. 30, 2023
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, 2022 $ (45) $ (25) $ (70) Other comprehensive (loss) income before reclassifications, net of tax 5 — 5 Reclassifications from accumulated other comprehensive loss to earnings, net of tax — 2 2 Other comprehensive (loss) income, net of tax 5 2 7 Balance, June 30, 2023 $ (40) $ (23) $ (63)

Other Loss, Net

Other Loss, Net	6 Months Ended
Other Loss, Net	Jun. 30, 2023
Other Loss, Net
Other Loss, Net	17. Other Loss, Net Other loss, net consists of the following: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in millions) Dividend expense $ (19) $ (18) $ (47) $ (35) Equity earnings from non-consolidated affiliates 3 3 5 5 Gain on disposition of assets, net 3 — 3 2 Foreign currency transaction gain 2 (6) 2 (5) Legal settlement loss — (78) — (88) Loss on extinguishment of debt, net — 1 — (1) Other 2 — (4) — $ (9) $ (98) $ (41) $ (122)

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
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 the environment, particularly regarding plant wastes and emissions and solid waste disposal. Our consolidated environmental liabilities on an undiscounted basis were $20 million and $22 million as of June 30, 2023 and December 31, 2022, respectively, primarily within our Energy segment, which are included in accrued expenses and other liabilities in our condensed consolidated balance sheets. We do not believe that environmental matters will have a material adverse impact on our consolidated results of operations and financial condition. Energy Clean Air Act Matter - CVR Energy’s indirect wholly-owned subsidiary, Coffeyville Resource Refining & Marketing, LLC (“CRRM”) is party to proceedings relating to claims by the United States, on behalf of the U.S. Environmental Protection Agency (the “EPA”) and the State of Kansas, on behalf of the Kansas Department of Health and Environment (“KDHE”). One of these proceedings concerns claims arising under a 2012 Consent Decree (“CD”), which primarily relate to the CRRM refinery’s flares; the United States, on behalf of the EPA, and KDHE are seeking approximately CRRM is also party to proceedings brought by the United States, on behalf of the EPA, and KDHE in the D. Kan, alleging violations of the federal Clean Air Act, the Kansas State Implementation Plan, Kansas law, and CRRM’s permits relating to flares, heaters, and related matters; the United States, on behalf of the EPA, and KDHE are seeking civil penalties, injunctive relief, and related relief in connection with these claims (collectively, the “Statutory Claims”). In May 2023, the parties mediated both the Stipulated Claims and the Statutory Claims before the Tenth Circuit mediation office and agreed to stay the proceedings before the D. Kan. for 90 days while the parties work to reach a final settlement agreement, including with respect to injunctive relief. As negotiations and proceedings relating to the Stipulated Claims and the Statutory Claims are ongoing, CVR Energy cannot at this time determine the outcome of these matters, including whether such outcome, or any subsequent enforcement or litigation relating thereto would have a material impact on our Energy segment’s financial position, results of operations, or cash flows. 45Q Transaction In January 2023, CVR Energy and its obligated-party subsidiaries entered into a joint venture and related agreements with unaffiliated third-party investors and others intended to qualify for certain tax credits available under Section 45Q of the Internal Revenue Code. Under the agreements entered into in connection with the 45Q Transactions, CVR Partners and certain of its subsidiaries are obligated to meet certain minimum quantities of carbon dioxide supply each year during the term of the agreement and could be subject to fees of up to Renewable Fuel Standards CVR Energy’s obligated-party subsidiaries are subject to the Renewable Fuel Standard (“RFS”) implemented primarily by the EPA which requires refiners to either blend renewable fuels into their transportation fuels or purchase renewable fuel credits, known as Renewable Identification Numbers (“RINs), in lieu of blending. CVR Energy’s obligated subsidiaries are not able to blend the substantial majority of their transportation fuels and, unless their obligations are waived by the EPA, have to purchase RINs on the open market and may have to obtain waiver credits for cellulosic biofuels or other exemptions from the EPA, to the extent available, in order to comply with the RFS. CVR Energy’s obligated-party subsidiaries have filed a number of petitions in the United States Court of Appeals for the Fifth Circuit (the “Fifth Circuit”) and the United States Court of Appeals for the District of Colombia Circuit (the “DC Circuit”) challenging certain actions taken by the EPA in April 2022 and June 2022 petitions from small refineries seeking SREs for one or more of the compliance years between 2016 and 2023, including the SRE sought by WRC for 2022, which denial WRC intends to challenge in court. CVR Energy cannot yet determine at this time the outcomes of these matters. However, while CVR Energy intends to prosecute these actions vigorously, if these matters are ultimately concluded in a manner adverse to CVR Energy, they could have a material effect on our Energy business’ financial position, results of operations, or cash flows. Our Energy segment recognized expenses of approximately $48 million and $135 million for the three months ended June 30, 2023 and 2022, respectively, for CVR Energy’s obligated-party subsidiaries’ compliance with the RFS (based on the 2020, 2021, 2022 and 2023 annual RVO for the respective periods, excluding the impacts of any exemptions or waivers to which the obligated-party subsidiaries may be entitled). For the six months ended June 30, 2023 and 2022, such expenses were $37 million and $241 million, respectively. These recognized amounts are included in cost of goods sold in the condensed consolidated statements of operations and represent costs to comply with the RFS obligation through purchasing of RINs not otherwise reduced by blending of ethanol or biodiesel. At each reporting period, to the extent RINs purchased or generated through blending are less than the RFS obligation (excluding the impact of exemptions or waivers to which CVR Refining may be entitled), the remaining position is marked-to-market using RIN market prices at period end. As of June 30, 2023 and December 31, 2022, CVR Energy’s obligated-party subsidiaries’ RFS position was $599 million and $692 million, respectively, and is included in accrued expenses and other liabilities in the condensed consolidated balance sheets. Litigation From time to time, we and our subsidiaries are involved in various lawsuits arising in the normal course of business. We do not believe that such normal routine litigation will have a material effect on our financial condition or results of operations. Energy Call Option Coverage Case – In July 2023, the Superior Court of the State of Delaware (the “Superior Court”) heard oral argument on the motion filed by the primary and excess insurers (the “Insurers”) of CVR Energy and certain of its affiliates (the “Call Defendants”) seeking to stay the Call Defendants’ action against the Insurers. The Call Defendants’ action alleged breach of contract and breach of the implied covenant of good faith and fair dealing with respect to the Insurers’ denial of coverage of the Call Defendants’ defense expenses and indemnity, as well as other conduct of the Insurers, relating to the lawsuits filed by former unitholders of CVR Refining, LP (“CVR Refining”) against the Call Defendants regarding CVR Energy’s exercise of the call option under the CVR Refining Amended and Restated Agreement of Limited Partnership assigned to it by CVR Refining’s general partner, which action was settled by the parties on August 19, 2022 th As the potential appeal of the Texas Court decision and the Superior Court lawsuit are in their early stages, CVR Energy cannot determine at this time the outcome of these lawsuits, including whether the outcome would have a material impact on our Energy business’ financial position, results of operations, or cash flows. Other Matters Pension Obligations Mr. Icahn, through certain affiliates, owns 100% of Icahn Enterprises GP and approximately 85% of Icahn Enterprises’ outstanding depositary units as of June 30, 2023. Applicable pension and tax laws make each member of a “controlled group” of entities, generally defined as entities in which there is at least an 80% common ownership interest, jointly and severally liable for certain pension plan obligations of any member of the controlled group. These pension obligations include ongoing contributions to fund the plan, as well as liability for any unfunded liabilities that may exist at the time the plan is terminated. In addition, the failure to pay these pension obligations when due may result in the creation of liens in favor of the pension plan or the Pension Benefit Guaranty Corporation (the “PBGC”) against the assets of each member of the controlled group. As a result of the more than 80% ownership interest in us by Mr. Icahn’s affiliates, we and our subsidiaries are subject to the pension liabilities of entities in which Mr. Icahn has a direct or indirect ownership interest of at least 80%, which includes the liabilities of pension plans sponsored by Viskase and ACF Industries LLC (“ACF”), an affiliate of Mr. Icahn. All the minimum funding requirements of the Internal Revenue Code, as amended, and the Employee Retirement Income Security Act of 1974, as amended, for the Viskase and ACF plans have been met as of June 30, 2023. If the plans were voluntarily terminated, they would be underfunded by an aggregate of approximately $42 million as of June 30, 2023. These results are based on the most recent information provided by the plans’ actuaries. These liabilities could increase or decrease, depending on a number of factors, including future changes in benefits, investment returns, and the assumptions used to calculate the liability. As members of the controlled group, we would be liable for any failure of Viskase or ACF to make ongoing pension contributions or to pay the unfunded liabilities upon a termination of the Viskase or ACF pension plans. In addition, other entities now or in the future within the controlled group in which we are included may have pension plan obligations that are, or may become, underfunded and we would be liable for any failure of such entities to make ongoing pension contributions or to pay the unfunded liabilities upon termination of such plans. The current underfunded status of the pension plans of Viskase and ACF requires them to notify the PBGC of certain “reportable events,” such as if we cease to be a member of the Viskase or ACF controlled group, or if we make certain extraordinary dividends or stock redemptions. The obligation to report could cause us to seek to delay or reconsider the occurrence of such reportable events. Starfire Holding Corporation (“Starfire”), which is 99.6% owned by Mr. Icahn, has undertaken to indemnify us and our subsidiaries from losses resulting from any imposition of certain pension funding or termination liabilities that may be imposed on us and our subsidiaries or our assets as a result of being a member of the Icahn controlled group, including ACF. The Starfire indemnity provides, among other things, that so long as such contingent liabilities exist and could be imposed on us, Starfire will not make any distributions to its stockholders that would reduce its net worth to below $250 million. Nonetheless, Starfire may not be able to fund its indemnification obligations to us. Other 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. We are cooperating with these requests and are providing documents in response to these voluntary requests for information. Neither the U.S. Attorney’s office nor the SEC has made any claims or allegations against us or Mr. Icahn with respect to the foregoing inquiries. In addition, two putative securities class action lawsuits have been 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. We believe that we maintain a strong compliance program and, while no assurances can be made, and we are still evaluating these matters, we do not currently believe that these 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	6 Months Ended
Supplemental Cash Flow Information	Jun. 30, 2023
Supplemental Cash Flow Information
Supplemental Cash Flow Information	19. Supplemental Cash Flow Information Supplemental cash flow information consists of the following: Six Months Ended June 30, 2023 2022 (in millions) Cash payments for interest $ (216) $ (221) Cash payments for income taxes, net of payments (43) (60) Partnership contributions receivable 6 7 Non-cash Investment segment distributions to non-controlling interests (2) —

Subsequent Events

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2023
Subsequent Events
Subsequent Events	20. Subsequent Events Icahn Enterprises LP Unit Distribution On August 2, 2023, the Board of Directors of the general partner of Icahn Enterprises declared a quarterly distribution in the amount of $1.00 per depositary unit, which will be paid on or about September 27, 2023 to depositary unitholders of record at the close of business on August 18, 2023. Depositary unitholders will have until September 15, 2023 to make a timely election to receive either cash or additional depositary units. If a unitholder does not make a timely election, it will automatically be deemed to have elected to receive the distribution in additional depositary units. Depositary unitholders who elect to receive (or who are deemed to have elected to receive) additional depositary units will receive units valued at the volume weighted average trading price of the units during the five consecutive trading days ending September 22, 2023. Icahn Enterprises will make a cash payment in lieu of issuing fractional depositary units to any unitholders electing to receive (or who are deemed to have elected to receive) depositary units.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
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 the Company’s equity interest in Auto Plus. Except for our Investment segment and Holding Company, for equity investments in which we own 50% or less but greater than 20%, we generally account for such investments using the equity method. All other such equity investments are accounted for at fair value.
Consolidated Variable Interest Entities	Consolidated Variable Interest Entities We determined that Icahn Enterprises Holdings is a VIE because it is a limited partnership that lacks both substantive kick-out and participating rights. Although Icahn Enterprises is not the general partner of Icahn Enterprises Holdings, Icahn Enterprises is deemed to be the primary beneficiary of Icahn Enterprises Holdings principally based on its 99% limited partner interest in Icahn Enterprises Holdings, as well as our related party relationship with the general partner, and therefore continues to consolidate Icahn Enterprises Holdings. Icahn Enterprises Holdings and its subsidiaries own substantially all of our assets and liabilities and therefore, the balance sheets of Icahn Enterprises and Icahn Enterprises Holdings are substantially the same. During the quarter ended June 30, 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. We hold assets in a protected cell, which we are the primary beneficiary of, and therefore consolidate the protected cell. The total assets related to the protected cell were $100 million at June 30, 2023 and are 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 June 30, 2023 was approximately $7.1 billion and $6.3 billion, respectively. The carrying value and estimated fair value of our long-term debt as of December 31, 2022 was approximately $7.1 billion and $6.6 billion, respectively.
Cash Flow	Cash Flow Cash and cash equivalents and restricted cash and restricted cash equivalents on our condensed consolidated statements of cash flows is comprised of (i) cash and cash equivalents and (ii) cash held at consolidated affiliated partnerships and restricted cash.
Cash Held at Consolidated Affiliated Partnerships and Restricted Cash	Cash Held at Consolidated Affiliated Partnerships and Restricted Cash Our cash held at consolidated affiliated partnerships balance was $367 million and $1,019 million as of June 30, 2023 and December 31, 2022, respectively. Cash held at consolidated affiliated partnerships relates to our Investment segment and consists of cash and cash equivalents held by the Investment Funds that, although not legally restricted, are not available to fund the general liquidity needs of the Investment segment or Icahn Enterprises. Our restricted cash balance was $2,231 million and $1,530 million as of June 30, 2023 and December 31, 2022, respectively. Restricted cash includes, but is not limited to, our Investment segment’s cash pledged and held for margin requirements on derivative transactions and cash held related our captive insurance program. Long-Lived Assets The company reviews long-lived assets for impairment when impairment indcators exist. An evaluation of impairment consists of reviewing the carrying value of a long-lived asset for recoverability. Recoverability of long-lived assets to be held and used is measured by a comparison of the carrying amount of an asset to esimtaed undiscounted future net cash flows expected to be generated by the asset. If the carrying value of the long-lived asset is not determined to be recoverable, a fair value assessment if performed. During the second quarter of 2023, a significant tenant of a commercial high-rise property, within our Real Estate segment, was notified of default for non-payment. The tenant was unable to cure the default status and the lease was terminated. We considered this default, along with other facts and circumstances, a triggering event for potential impairment and we assessed the carrying value of this long-lived asset for recoverability using the undiscounted cash flow method during the second quarter of 2023. We determined the total undiscounted cash flows of the property exceeded its carrying value and therefore, no impairment is required.
Revenue From Contracts With Customers and Contract Balances	Revenue From Contracts With Customers and Contract Balances Due to the nature of our business, we derive revenue from various sources in various industries. With the exception of all of our Investment segment’s and our Holding Company’s revenues, and our Real Estate and Automotive segments’ leasing revenue, our revenue is generally derived from contracts with customers in accordance with U.S. GAAP. Such revenue from contracts with customers is included in net sales and other revenues from operations in the condensed consolidated statements of operations, however, our Real Estate and Automotive segments’ 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 includes fertilizer sales contracts requiring customer prepayment prior to product delivery to guarantee a price and supply of nitrogen fertilizer. Deferred revenue is recorded at the point in time in which a prepaid contract is legally enforceable and the associated right to consideration is unconditional prior to transferring product to the customer. An associated receivable is recorded for uncollected prepaid contract amounts. Contracts requiring prepayment are generally short-term in nature and revenue is recognized at the point in time in which the customer obtains control of the product. In addition, it includes deferred revenue associated with 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 $44 million and $48 million as of June 30, 2023 and December 31, 2022, respectively. For the six months ended June 30, 2023 and 2022, our Energy segment recorded revenue of $46 million and $84 million, respectively, with respect to deferred revenue outstanding as of the beginning of each respective period. As of June 30, 2023, our Energy segment had $2 million of remaining performance obligations for contracts with an original expected duration of more than one year. Our Energy segment expects to recognize a majority of these performance obligations as revenue by the end of 2023 and the remaining nominal balance in 2024. Automotive Our Automotive segment had deferred revenue with respect to extended warranty plans of $44 million at each of June 30, 2023 and December 31, 2022, respectively, which are included in accrued expenses and other liabilities on the condensed consolidated balance sheets. For the six months ended June 30, 2023 and 2022, our Automotive segment recorded revenue of $13 million and $12 million, respectively, with respect to deferred revenue outstanding as of the beginning of each respective period.
Adoption of New Accounting Standards and Recently Issued Accounting Standards	Adoption of New Accounting Standards In March 2020, the FASB issued ASU 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reporting Reference Rate Reform other interest rates used globally. This ASU provides companies with optional expedients for contract modifications under U.S. GAAP, excluded components of certain hedging relationships, fair value hedges, and cash flow hedges, as well as certain exceptions, which are intended to help ease the potential accounting burden associated with transitioning away from these reference rates. We adopted this ASU effective January 1, 2023. The adoption of this standard did not have a significant impact on our condensed consolidated financial statements. In September 2022, the FASB issued ASU 2022-04, Liabilities- Supplier Finance Programs (Subtopic 405-50) Disclosure of Supplier Finance Program Obligations Recently Issued Accounting Standards In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions,

Fair Value Measurements (Polici

Fair Value Measurements (Policies)	6 Months Ended
Fair Value Measurements (Policies)	Jun. 30, 2023
Fair Value Measurements
Determination of when transfers between fair value levels occurs	In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and consideration of factors specific to the assets and liabilities. Significant transfers, if any, between the levels within the fair value hierarchy are recognized at the beginning of the reporting period when changes in circumstances require such transfers.

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Net (Policies)	6 Months Ended
Goodwill and Intangible Assets, Net (Policies)	Jun. 30, 2023
Goodwill and Intangible Assets, Net
Intangible assets	We utilize the straight-line method of amortization, recognized over the estimated useful lives of the assets

Investments (Tables)

Investments (Tables)	6 Months Ended
Investments (Tables)	Jun. 30, 2023
Investment Segment
Schedule of Investments
Investment	June 30, December 31, 2023 2022 (in millions) Assets Investments: Equity securities: Communications $ — $ 199 Consumer, cyclical 504 692 Energy 689 909 Utilities 1,238 1,205 Healthcare 474 320 Technology 639 655 Materials 142 153 Industrial — 486 3,686 4,619 Debt Securities: Financials 1,001 1,958 Real Estate 134 131 Communications — 11 1,135 2,100 $ 4,821 $ 6,719 Liabilities Securities sold, not yet purchased, at fair value: Equity securities: Consumer, non-cyclical $ 116 $ 1,006 Consumer, cyclical — 352 Energy 1,794 2,690 Utilities 563 813 Healthcare — 387 Materials 579 598 Industrial 146 480 3,198 6,326 Debt securities: Materials 172 169 $ 3,370 $ 6,495
Other Segments and Holding Company
Schedule of Investments
Investment	June 30, December 31, 2023 2022 (in millions) Equity method investments $ 102 $ 76 Other investments measured at fair value 14 14 $ 116 $ 90

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Jun. 30, 2023
Fair Value Measurements
Assets measured at fair value on a recurring basis	June 30, 2023 December 31, 2022 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (in millions) Assets Investments (Note 5) $ 3,648 $ 1,134 $ 42 $ 4,824 $ 5,538 $ 1,142 $ 42 $ 6,722 Derivative assets, net (Note 7) — 344 — 344 — 805 — 805 $ 3,648 $ 1,478 $ 42 $ 5,168 $ 5,538 $ 1,947 $ 42 $ 7,527 Liabilities Securities sold, not yet purchased (Note 5) $ 3,198 $ 172 $ — $ 3,370 $ 6,326 $ 169 $ — $ 6,495 Derivative liabilities, net (Note 7) 15 896 — 911 — 691 — 691 RFS obligations (Note 18) — 599 — 599 — 692 — 692 $ 3,213 $ 1,667 $ — $ 4,880 $ 6,326 $ 1,552 $ — $ 7,878

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
Financial Instruments (Tables)	Jun. 30, 2023
Derivative
Notional exposure of derivative instruments	June 30, 2023 December 31, 2022 Long Notional Exposure Short Notional Exposure Long Notional Exposure Short Notional Exposure (in millions) Primary underlying risk: Equity contracts $ 2,261 $ 3,719 $ 1,816 $ 5,354 Credit contracts (1) — 797 — 945 Commodity contracts — 426 — 22 (1) The short notional amount on our credit default swap positions was approximately $3.1 billion and $3.5 billion at June 30, 2023 and December 31, 2022, respectively. However, because credit spreads cannot compress below zero , our downside short notional exposure to loss is approximately $0.8 billion and $0.9 billion as of June 30, 2023 and December 31, 2022, respectively.
Investment Segment
Derivative
Fair value and income recognized for derivatives not designated as hedging instruments	Derivative Assets Derivative Liabilities June 30, 2023 December 31, 2022 June 30, 2023 December 31, 2022 (in millions) Equity contracts $ 70 $ 392 $ 961 $ 719 Credit contracts 327 447 1 1 Commodity contracts 1 — 15 1 Sub-total 398 839 977 721 Netting across contract types (1) (71) (34) (71) (34) Total (1) $ 327 $ 805 $ 906 $ 687 (1) Excludes netting of cash collateral received and posted. The total collateral posted at June 30, 2023 and December 31, 2022 was $2,034 million and $1,436 million, respectively, across all counterparties, which are included in cash held at consolidated affiliated partnerships and restricted cash in the condensed consolidated balance sheets. The following table presents the amount of gain (loss) recognized in the condensed consolidated statements of operations for our Investment segment’s derivatives not designated as hedging instruments: Gain (loss) Recognized in Income (1) Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in millions) Equity contracts $ (366) $ 392 $ (650) $ 483 Credit contracts (2) (35) 34 (320) Commodity contracts (17) — (16) — $ (385) $ 357 $ (632) $ 163 (1) Gains (losses) recognized on derivatives are classified in net (loss) gain from investment activities in our condensed consolidated statements of operations for our Investment segment.
Energy Segment
Derivative
Fair value and income recognized for derivatives not designated as hedging instruments	Derivative Assets Derivative Liabilities June 30, 2023 December 31, 2022 June 30, 2023 December 31, 2022 (in millions) Commodity contracts 17 — 10 5 Netting across contract types (1) — — (5) (1) Total (1) $ 17 $ — $ 5 $ 4 (1) Excludes netting of derivatives primarily related to initial margin requirements of $9 million and $7 million at June 30, 2023 and December 31, 2022, respectively, which was not offset against derivatives assets, net in the condensed consolidated balance sheets .

Related Party Notes Receivable

Related Party Notes Receivable (Tables)	6 Months Ended
Related Party Notes Receivable (Tables)	Jun. 30, 2023
Related Party Notes Receivable
Schedule of related party notes receivable and related allowance for expected credit losses	June 30, 2023 Related party notes receivable, gross $ 82 Less: Allowance for expected credit losses — Related party notes receivable $ 82 Allowance for expected credit losses: Beginning Balance $ - Credit loss provision 116 Write-offs (116) Ending Balance $ —

Inventories, Net (Tables)

Inventories, Net (Tables)	6 Months Ended
Inventories, Net (Tables)	Jun. 30, 2023
Inventories Net
Inventories	June 30, December 31, 2023 2022 (in millions) Raw materials $ 307 $ 335 Work in process 106 105 Finished goods 589 1,091 In transit 13 — $ 1,015 $ 1,531

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, Net (Tables)	6 Months Ended
Goodwill and Intangible Assets, Net (Tables)	Jun. 30, 2023
Goodwill and Intangible Assets, Net
Schedule of Goodwill	June 30, 2023 December 31, 2022 Gross Net Gross Net Carrying Accumulated Carrying Carrying Accumulated Carrying Amount Impairment Value Amount Impairment Value (in millions) Automotive $ 337 $ (87) $ 250 $ 337 $ (87) $ 250 Food Packaging 6 — 6 6 — 6 Home Fashion 22 (3) 19 22 (3) 19 Pharma 13 — 13 13 — 13 $ 378 $ (90) $ 288 $ 378 $ (90) $ 288
Intangible assets, net	June 30, 2023 December 31, 2022 Gross Net Gross Net Carrying Accumulated Carrying Carrying Accumulated Carrying Amount Amortization Value Amount Amortization Value (in millions) Definite-lived intangible assets: Customer relationships $ 392 $ (219) $ 173 $ 393 $ (212) $ 181 Developed technology 254 (76) 178 254 (62) 192 Other 164 (96) 68 167 (90) 77 $ 810 $ (391) $ 419 $ 814 $ (364) $ 450 Indefinite-lived intangible assets $ 83 $ 83 Intangible assets, net $ 502 $ 533

Leases (Tables)

Leases (Tables)	6 Months Ended
Leases (Tables)	Jun. 30, 2023
Leases
Lessee right-of-use assets and liabilities	June 30, December 31, 2023 2022 (in millions) Operating Leases: Right-of-use assets (other assets) $ 509 $ 478 Lease liabilities (accrued expenses and other liabilities) 517 484 Financing Leases: Right-of-use assets (property, plant and equipment, net) 49 48 Lease liabilities (debt) 65 64
Operating lease term and discount rate	Right-Of-Use Lease Discount Operating Leases as of June 30, 2023 Assets Liabilities Lease Term Rate (in millions) Energy $ 40 $ 38 3.9 years 5.5% Automotive 426 439 5.3 years 5.9% Food Packaging 23 26 9.5 years 7.4% Other segments and Holding Company 20 14 $ 509 $ 517 Right-Of-Use Lease Discount Operating Leases as of December 31, 2022 Assets Liabilities Lease Term Rate (in millions) Energy $ 40 $ 40 4.1 years 5.2% Automotive 386 395 4.7 years 5.9% Food Packaging 24 27 9.8 years 7.4% Other segments and Holding Company 28 22 $ 478 $ 484

Debt (Tables)

Debt (Tables)	6 Months Ended
Debt (Tables)	Jun. 30, 2023
Debt
Schedule of Long-term Debt Instruments	June 30, December 31, 2023 2022 (in millions) Holding Company: 4.750% senior unsecured notes due 2024 $ 1,102 $ 1,103 6.375% senior unsecured notes due 2025 749 749 6.250% senior unsecured notes due 2026 1,250 1,250 5.250% senior unsecured notes due 2027 1,460 1,460 4.375% senior unsecured notes due 2029 747 747 5,308 5,309 Reporting Segments: Energy 1,591 1,591 Automotive 19 21 Food Packaging 150 162 Real Estate 1 1 Home Fashion 9 12 1,770 1,787 Total Debt $ 7,078 $ 7,096

Net Income Per LP Unit (Tables)

Net Income Per LP Unit (Tables)	6 Months Ended
Net Income Per LP Unit (Tables)	Jun. 30, 2023
Net Income Per LP Unit [Abstract]
Net Income Per LP Unit	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in millions, except per unit amounts) Net (loss) income attributable to Icahn Enterprises $ (269) $ (128) $ (539) $ 195 Net (loss) income attributable to Icahn Enterprises allocated to limited partners (98.01% allocation) $ (264) $ (125) $ (528) $ 191 Basic (loss) income per LP unit: $ (0.72) $ (0.41) $ (1.46) $ 0.64 Basic weighted average LP units outstanding 367 306 361 300 Diluted (loss) income per LP unit: $ (0.72) $ (0.41) $ (1.46) $ 0.64 Diluted weighted average LP units outstanding 367 306 361 300

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
Segment Reporting (Tables)	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Schedule of Condensed Income Statement by Segment	Condensed Statements of Operations Three Months Ended June 30, 2023 Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated (in millions) Revenues: Net sales $ — $ 2,237 $ 248 $ 117 $ 13 $ 46 $ 23 $ — $ 2,684 Other revenues from operations — — 177 — 20 — 1 — 198 Net loss from investment activities (500) — — — — — — — (500) Interest and dividend income 134 8 — — — — — 25 167 Other (loss) income, net (18) 3 3 1 1 — 1 — (9) (384) 2,248 428 118 34 46 25 25 2,540 Expenses: Cost of goods sold — 1,990 173 90 8 35 14 — 2,310 Other expenses from operations — — 142 — 18 — — — 160 Selling, general and administrative 13 39 114 15 5 10 11 8 215 Credit loss on related party note receivable — — — — — — — 116 116 Loss on deconsolidation of subsidiaries — — — — — — — 20 20 Interest expense 38 22 1 3 — — — 72 136 51 2,051 430 108 31 45 25 216 2,957 (Loss) income before income tax (expense) benefit (435) 197 (2) 10 3 1 — (191) (417) Income tax (expense) benefit — (41) 6 (5) — — — 38 (2) Net (loss) income (435) 156 4 5 3 1 — (153) (419) Less: net (loss) income attributable to non-controlling interests (220) 70 — — — — — — (150) Net (loss) income attributable to Icahn Enterprises $ (215) $ 86 $ 4 $ 5 $ 3 $ 1 $ — $ (153) $ (269) Supplemental information: Capital expenditures $ — $ 56 $ 11 $ 5 $ — $ 1 $ — $ — $ 73 Depreciation and amortization $ — $ 89 $ 22 $ 7 $ 3 $ 1 $ 7 $ — $ 129 Three Months Ended June 30, 2022 Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated (in millions) Revenues: Net sales $ — $ 3,144 $ 438 $ 110 $ 17 $ 69 $ 18 $ — $ 3,796 Other revenues from operations — — 183 — 13 — 1 — 197 Net (loss) from investment activities (459) — — — — — — 17 (442) Interest and dividend income 47 1 — — — — — 2 50 Other (loss) income, net (18) (75) — (6) — — — 1 (98) (430) 3,070 621 104 30 69 19 20 3,503 Expenses: Cost of goods sold — 2,715 288 90 12 57 12 — 3,174 Other expenses from operations — — 134 — 14 — — — 148 Selling, general and administrative 10 43 219 13 3 11 10 6 315 Restructuring, net — — — — — — — — — Interest expense 53 24 — 2 — 1 — 71 151 63 2,782 641 105 29 69 22 77 3,788 (Loss) income before income tax (expense) benefit (493) 288 (20) (1) 1 — (3) (57) (285) Income tax (expense) benefit — (61) 5 (2) — — — 56 (2) Net (loss) income (493) 227 (15) (3) 1 — (3) (1) (287) Less: net (loss) income attributable to non-controlling interests (275) 117 — (1) — — — — (159) Net (loss) income attributable to Icahn Enterprises $ (218) $ 110 $ (15) $ (2) $ 1 $ — $ (3) $ (1) $ (128) Supplemental information: Capital expenditures $ — $ 62 $ 30 $ 5 $ 2 $ — $ — $ — $ 99 Depreciation and amortization $ — $ 89 $ 20 $ 7 $ 3 $ 1 $ 7 $ — $ 127 Six Months Ended June 30, 2023 Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated (in millions) Revenues: Net sales $ — $ 4,523 $ 535 $ 235 $ 20 $ 86 $ 43 $ — $ 5,442 Other revenues from operations — — 347 — 36 — 2 — 385 Net loss from investment activities (943) — — — — — — — (943) Interest and dividend income 278 13 — — — — — 47 338 Other (loss) income, net (46) 6 3 (6) 1 — 1 — (41) (711) 4,542 885 229 57 86 46 47 5,181 Expenses: Cost of goods sold — 3,916 366 181 14 67 26 — 4,570 Other expenses from operations — — 287 — 31 — — — 318 Selling, general and administrative 16 85 246 29 9 20 24 15 444 Credit loss on related party note receivable — — — — — — — 116 116 Loss on deconsolidation of subsidiary — — — — — — — 246 246 Interest expense 83 45 1 6 — — — 143 278 99 4,046 900 216 54 87 50 520 5,972 (Loss) before income tax (expense) benefit (810) 496 (15) 13 3 (1) (4) (473) (791) Income tax (expense) benefit — (93) 6 (1) — — — 102 14 Net (loss) income (810) 403 (9) 12 3 (1) (4) (371) (777) Less: net (loss) income attributable to non-controlling interests (424) 185 — 1 — — — — (238) Net (loss) income attributable to Icahn Enterprises $ (386) $ 218 $ (9) $ 11 $ 3 $ (1) $ (4) $ (371) $ (539) Supplemental information: Capital expenditures $ — $ 100 $ 21 $ 7 $ 2 $ 1 $ — $ — $ 131 Depreciation and amortization $ — $ 173 $ 41 $ 14 $ 6 $ 3 $ 14 $ — $ 251 Six Months Ended June 30, 2022 Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated (in millions) Revenues: Net sales $ — $ 5,517 $ 845 $ 211 $ 34 $ 124 $ 33 $ — $ 6,764 Other revenues from operations — — 339 — 24 — 2 — 365 Net gain from investment activities 449 — — — — — — 48 497 Interest and dividend income 87 1 — — — — — 4 92 Other (loss) income, net (35) (85) 2 (5) — — 1 — (122) 501 5,433 1,186 206 58 124 36 52 7,596 Expenses: Cost of goods sold — 4,838 555 171 22 102 24 — 5,712 Other expenses from operations — — 260 — 25 — — 285 Selling, general and administrative 14 88 427 26 7 22 20 12 616 Interest expense 85 48 1 3 — 1 — 147 285 99 4,974 1,243 200 54 125 44 159 6,898 Income (loss) before income tax benefit (expense) 402 459 (57) 6 4 (1) (8) (107) 698 Income tax (expense) benefit — (91) 14 (3) — — — (20) (100) Net income (loss) 402 368 (43) 3 4 (1) (8) (127) 598 Less: net income attributable to non-controlling interests 206 197 — — — — — — 403 Net income (loss) attributable to Icahn Enterprises $ 196 $ 171 $ (43) $ 3 $ 4 $ (1) $ (8) $ (127) $ 195 Supplemental information: Capital expenditures $ — $ 88 $ 51 $ 9 $ 6 $ — $ — $ — $ 154 Depreciation and amortization $ — $ 172 $ 40 $ 14 $ 6 $ 3 $ 14 $ — $ 249
Schedule of Condensed Financial Statements by Segment	June 30, 2023 Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated (in millions) ASSETS Cash and cash equivalents $ 22 $ 751 $ 59 $ 7 $ 46 $ 5 $ 24 $ 1,574 $ 2,488 Cash held at consolidated affiliated partnerships and restricted cash 2,401 7 9 — 7 3 — 171 2,598 Investments 4,821 102 — — 14 — — — 4,937 Accounts receivable, net — 300 39 90 15 27 24 — 495 Inventories, net — 524 260 111 — 90 30 — 1,015 Related party notes receivable — — — — — — — 82 82 Property, plant and equipment, net — 2,630 792 137 341 54 — 5 3,959 Goodwill and intangible assets, net — 189 346 24 — 19 212 — 790 Other assets 4,644 298 469 104 96 17 5 217 5,850 Total assets $ 11,888 $ 4,801 $ 1,974 $ 473 $ 519 $ 215 $ 295 $ 2,049 $ 22,214 LIABILITIES AND EQUITY Accounts payable, accrued expenses and other liabilities $ 1,637 $ 1,727 $ 847 $ 140 $ 53 $ 44 $ 58 $ 73 $ 4,579 Securities sold, not yet purchased, at fair value 3,370 — — — — — — — 3,370 Debt — 1,591 19 150 1 9 — 5,308 7,078 Total liabilities 5,007 3,318 866 290 54 53 58 5,381 15,027 Equity attributable to Icahn Enterprises 3,799 795 1,108 166 461 162 237 (3,332) 3,396 Equity attributable to non-controlling interests 3,082 688 — 17 4 — — — 3,791 Total equity 6,881 1,483 1,108 183 465 162 237 (3,332) 7,187 Total liabilities and equity $ 11,888 $ 4,801 $ 1,974 $ 473 $ 519 $ 215 $ 295 $ 2,049 $ 22,214 December 31, 2022 Investment Energy Automotive Food Packaging Real Estate Home Fashion Pharma Holding Company Consolidated (in millions) ASSETS Cash and cash equivalents $ 19 $ 510 $ 32 $ 9 $ 26 $ 5 $ 16 $ 1,720 $ 2,337 Cash held at consolidated affiliated partnerships and restricted cash 2,455 7 10 — 8 3 — 66 2,549 Investments 6,719 76 — — 14 — — — 6,809 Accounts receivable, net — 358 99 87 12 24 26 — 606 Inventories, net — 624 686 103 — 90 28 — 1,531 Property, plant and equipment, net — 2,664 826 142 345 56 — 5 4,038 Goodwill and intangible assets, net — 200 352 24 — 19 226 — 821 Other assets 8,041 296 527 110 102 16 6 125 9,223 Total assets $ 17,234 $ 4,735 $ 2,532 $ 475 $ 507 $ 213 $ 302 $ 1,916 $ 27,914 LIABILITIES AND EQUITY Accounts payable, accrued expenses and other liabilities $ 1,589 $ 1,823 $ 981 $ 149 $ 47 $ 45 $ 61 $ 70 $ 4,765 Securities sold, not yet purchased, at fair value 6,495 — — — — — — — 6,495 Debt — 1,591 21 162 1 12 — 5,309 7,096 Total liabilities 8,084 3,414 1,002 311 48 57 61 5,379 18,356 Equity attributable to Icahn Enterprises 4,184 648 1,530 149 455 156 241 (3,463) 3,900 Equity attributable to non-controlling interests 4,966 673 — 15 4 — — — 5,658 Total equity 9,150 1,321 1,530 164 459 156 241 (3,463) 9,558 Total liabilities and equity $ 17,234 $ 4,735 $ 2,532 $ 475 $ 507 $ 213 $ 302 $ 1,916 $ 27,914
Energy Segment
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in millions) Petroleum products $ 2,054 $ 2,900 $ 4,114 $ 5,050 Nitrogen fertilizer products 183 244 409 467 $ 2,237 $ 3,144 $ 4,523 $ 5,517
Automotive Segment
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in millions) Automotive services $ 392 $ 393 $ 761 $ 746 Aftermarket parts sales 20 215 92 416 $ 412 $ 608 $ 853 $ 1,162

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
Changes in Accumulated Other Comprehensive Loss (Tables)	Jun. 30, 2023
Changes in Accumulated Other Comprehensive Loss
Schedule of Accumulated Other Comprehensive Income (Loss)	Translation Post-Retirement Adjustments, Net Benefits, Net of Tax of Tax Total (in millions) Balance, December 31, 2022 $ (45) $ (25) $ (70) Other comprehensive (loss) income before reclassifications, net of tax 5 — 5 Reclassifications from accumulated other comprehensive loss to earnings, net of tax — 2 2 Other comprehensive (loss) income, net of tax 5 2 7 Balance, June 30, 2023 $ (40) $ (23) $ (63)

Other Loss, Net (Tables)

Other Loss, Net (Tables)	6 Months Ended
Other Loss, Net (Tables)	Jun. 30, 2023
Other Loss, Net
Schedule of other loss, net	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in millions) Dividend expense $ (19) $ (18) $ (47) $ (35) Equity earnings from non-consolidated affiliates 3 3 5 5 Gain on disposition of assets, net 3 — 3 2 Foreign currency transaction gain 2 (6) 2 (5) Legal settlement loss — (78) — (88) Loss on extinguishment of debt, net — 1 — (1) Other 2 — (4) — $ (9) $ (98) $ (41) $ (122)

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	6 Months Ended
Supplemental Cash Flow Information (Tables)	Jun. 30, 2023
Supplemental Cash Flow Information
Schedule of Cash Flow, Supplemental Disclosures	Six Months Ended June 30, 2023 2022 (in millions) Cash payments for interest $ (216) $ (221) Cash payments for income taxes, net of payments (43) (60) Partnership contributions receivable 6 7 Non-cash Investment segment distributions to non-controlling interests (2) —

Description of Business (Detail

Description of Business (Details) $ in Billions	6 Months Ended
Description of Business (Details) $ in Billions	Jun. 30, 2023 USD ($) item product	Dec. 31, 2022 USD ($)
Icahn Enterprises Holdings
Description of Business [Line Items]
Percentage of equity ownership in operating subsidiary	99%
Icahn Enterprises Holdings \| Icahn Enterprises G.P.
Description of Business [Line Items]
General partner ownership percentage in Icahn Enterprises	1%
Icahn Enterprises Holdings \| Mr. Icahn and affiliates
Description of Business [Line Items]
Affiliate ownership interest	85%
Icahn Enterprises G.P.
Description of Business [Line Items]
Aggregate general partner ownership interest of parent and operating subsidiary	1.99%
CVR Refining
Description of Business [Line Items]
Percentage of equity ownership in operating subsidiary	37%
CVR Energy \| Energy Segment
Description of Business [Line Items]
Percentage of equity ownership in operating subsidiary	71%
Viskase \| Private Placement
Description of Business [Line Items]
Percentage of equity ownership in operating subsidiary	90%
Investment Funds
Description of Business [Line Items]
Fair value of investment in subsidiary \| $	$ 3.8	$ 4.2
CVR Partners \| CVR Energy
Description of Business [Line Items]
Percentage of equity ownership in operating subsidiary	100%
Vivus \| Pharma Segment
Description of Business [Line Items]
Number Of Approved Therapies \| item	2
Number Of Product Candidate In Active Clinical Development \| product	1

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Accounting Policies [Line Items]
Total assets	$ 22,214		$ 27,914
Debt	7,078		7,096
Fair value of long-term debt	6,300		6,600
Restricted cash	2,598		2,549
Accumulated other comprehensive loss	$ 63		70
Icahn Enterprises Holdings
Accounting Policies [Line Items]
Percentage of equity ownership in operating subsidiary	99%
Cash held at consolidated affiliated partnerships
Accounting Policies [Line Items]
Restricted cash	$ 367		1,019
Restricted cash
Accounting Policies [Line Items]
Restricted cash	2,231		1,530
Primary beneficiary
Accounting Policies [Line Items]
Total assets	100
Energy Segment
Accounting Policies [Line Items]
Total assets	4,801		4,735
Debt	1,591		1,591
Restricted cash	7		7
Remaining performance obligation for contracts with an original expected duration of more than one year	2
Deferred revenue	44		48
Recorded revenue	46	$ 84
Automotive Segment
Accounting Policies [Line Items]
Total assets	1,974		2,532
Debt	19		21
Restricted cash	9		10
Deferred revenue	44		$ 44
Recorded revenue	$ 13	$ 12

Subsidiary Bankruptcy and Dec_2

Subsidiary Bankruptcy and Deconsolidation (Details) $ in Millions		6 Months Ended
	May 19, 2023 USD ($) item	Jun. 30, 2023 USD ($)
Related Party Transaction [Line Items]
Number of sales of Auto Plus assets \| item	5
Number of bidders \| item	5
Note receivable, net		$ 82
Non cash charge		246
Credit bid for a portion of its senior secured debtor-in-possession loan	$ 10
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		3 Months Ended		5 Months Ended	6 Months Ended		12 Months Ended
Related Party Transactions (Details) $ in Millions	Oct. 01, 2022	Jun. 30, 2023 USD ($) item	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) item	Jun. 30, 2023 USD ($) item	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)	Jan. 31, 2023 USD ($)
Related Party Transaction
Number of Portfolios \| item		2		2	2
Note receivable, net		$ 82		$ 82	$ 82
Mr. Icahn and affiliates
Related Party Transaction
Percentage of assets under management		44%		44%	44%		54%
Noncontrolling Interest in Variable Interest Entity		$ 3,000		$ 3,000	$ 3,000		$ 4,900
Brett Icahn
Related Party Transaction
Portfolio Manager Term	7 years				7 years
Number Of Lump Sum Payments After Term \| item		1		1	1
Auto Plus
Related Party Transaction
Repayment of notes receivable					$ 82
Write-off of notes receivable					116
Investment in funds \| Mr. Icahn and affiliates
Related Party Transaction
Redemption of investment funds					1,452	$ 0
Expense sharing arrangement \| Consolidated VIE
Related Party Transaction
Amount of transaction with related party					7	6
Debtor in Possession Financing \| Auto Plus
Related Party Transaction
Aggregate amount								$ 75
Automotive Segment
Related Party Transaction
Revenues from operating leases		$ 13	$ 13		29	22
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		7	$ 1		12	3
Real Estate Segment \| Deconsolidation of Investment in Auto Plus \| Auto Plus
Related Party Transaction
Accounts payable to related party		$ 2		$ 2	2
Brett Icahn
Related Party Transaction
Amount contributed in accordance with manager agreement					8	$ 3
Investment funds total fair value					$ 39		$ 50

Investments - Investment Segmen

Investments - Investment Segment (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Schedule of Investments
Investments	$ 4,937				$ 4,937		$ 6,809
Securities sold, not yet purchased, at fair value	3,370				3,370		6,495
Total assets	22,214				22,214		27,914
Total liabilities	15,027				15,027		18,356
Net sales	2,684		$ 3,796		5,442	$ 6,764
Cost of goods sold	2,310		3,174		4,570	5,712
Net (loss) income	(419)	$ (358)	(287)	$ 885	(777)	598
Net (loss) income attributable to investee shareholders	(269)		(128)		(539)	195
Investment Segment
Schedule of Investments
Investments	4,821				4,821		6,719
Securities sold, not yet purchased, at fair value	3,370				3,370		6,495
Portion of unrealized (losses) gains that relates to equity and debt securities still held	(69)		$ (894)		(124)	(694)
Total assets	11,888				11,888		17,234
Total liabilities	5,007				5,007		8,084
Net sales					0	0
Cost of goods sold					0	$ 0
Investment Segment \| Equity securities
Schedule of Investments
Investments	3,686				3,686		4,619
Securities sold, not yet purchased, at fair value	3,198				3,198		6,326
Investment Segment \| Debt securities
Schedule of Investments
Investments	1,135				1,135		2,100
Securities sold, not yet purchased, at fair value	172				172		169
Investment Segment \| Communication
Schedule of Investments
Equity securities							199
Debt Securities							11
Investment Segment \| Consumer, non-cyclical
Schedule of Investments
Securities sold, not yet purchased, at fair value	116				116		1,006
Investment Segment \| Consumer, cyclical
Schedule of Investments
Equity securities	504				504		692
Securities sold, not yet purchased, at fair value							352
Investment Segment \| Energy
Schedule of Investments
Equity securities	689				689		909
Securities sold, not yet purchased, at fair value	1,794				1,794		2,690
Investment Segment \| Utilities
Schedule of Investments
Equity securities	1,238				1,238		1,205
Securities sold, not yet purchased, at fair value	563				563		813
Investment Segment \| Healthcares
Schedule of Investments
Equity securities	474				474		320
Securities sold, not yet purchased, at fair value							387
Investment Segment \| Financial
Schedule of Investments
Debt Securities	1,001				1,001		1,958
Investment Segment \| Technology
Schedule of Investments
Equity securities	639				639		655
Investment Segment \| Materials
Schedule of Investments
Equity securities	142				142		153
Securities sold, not yet purchased, at fair value	579				579		598
Investment Segment \| Industrial
Schedule of Investments
Equity securities							486
Securities sold, not yet purchased, at fair value	146				146		480
Investment Segment \| Real Estate
Schedule of Investments
Debt Securities	$ 134				$ 134		$ 131

Investments - Other Segments an

Investments - Other Segments and Holding Company (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Schedule of Investments
Investments	$ 4,937		$ 4,937		$ 6,809
Other Segments and Holding Company
Schedule of Investments
Investments	116		116		90
Portion of unrealized (losses) gains that relates to equity securities still held	0	$ 3	0	$ 61
Equity method investments \| Other Segments and Holding Company
Schedule of Investments
Investments	102		102		76
Other investments \| Other Segments and Holding Company
Schedule of Investments
Investments	$ 14		$ 14		$ 14

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Measurement (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Assets
Derivative contracts, at fair value (asset)	$ 344	$ 805
Liabilities
Securities sold, not yet purchased, at fair value	3,370	6,495
Derivative contracts, at fair value (liability)	911	691
Recurring measurement
Assets
Investments	4,824	6,722
Derivative contracts, at fair value (asset)	344	805
Assets, Fair Value Disclosure	5,168	7,527
Liabilities
Securities sold, not yet purchased, at fair value	3,370	6,495
Derivative contracts, at fair value (liability)	911	691
Other liabilities	599	692
Financial and Nonfinancial Liabilities, Fair Value Disclosure	4,880	7,878
Recurring measurement \| Level 1
Assets
Investments	3,648	5,538
Assets, Fair Value Disclosure	3,648	5,538
Liabilities
Securities sold, not yet purchased, at fair value	3,198	6,326
Derivative contracts, at fair value (liability)	15
Financial and Nonfinancial Liabilities, Fair Value Disclosure	3,213	6,326
Recurring measurement \| Level 2
Assets
Investments	1,134	1,142
Derivative contracts, at fair value (asset)	344	805
Assets, Fair Value Disclosure	1,478	1,947
Liabilities
Securities sold, not yet purchased, at fair value	172	169
Derivative contracts, at fair value (liability)	896	691
Other liabilities	599	692
Financial and Nonfinancial Liabilities, Fair Value Disclosure	1,667	1,552
Recurring measurement \| Level 3
Assets
Investments	42	42
Assets, Fair Value Disclosure	42	$ 42
Fair value, nonrecurring \| Level 3
Liabilities
Estimated fair value	46
Fair value of related party note receivable	82
Wrote off of uncollectible expected credit losses	$ 116

Financial Instruments - Derivat

Financial Instruments - Derivative Activities Table (Details) - USD ($) $ in Millions		Jun. 30, 2023	Dec. 31, 2022
Commodity Contract \| CVR Energy
Primary underlying risk:
Short notional amount of credit default swap positions		$ 19
Investment Segment \| Equity Contract
Primary underlying risk:
Long Notional Exposure		2,261	$ 1,816
Short Notional Exposure		3,719	5,354
Investment Segment \| Credit Risk Contract
Primary underlying risk:
Long Notional Exposure	[1]	0	0
Short Notional Exposure	[1]	797	945
Investment Segment \| Commodity Contract
Primary underlying risk:
Long Notional Exposure		0	0
Short Notional Exposure		426	22
Investment Segment \| Credit Default Swap
Primary underlying risk:
Short Notional Exposure		0
Short notional amount of credit default swap positions		$ 3,100	$ 3,500

[1] The short notional amount on our credit default swap positions was approximately $3.1 billion and $3.5 billion at June 30, 2023 and December 31, 2022, respectively. However, because credit spreads cannot compress below zero , our downside short notional exposure to loss is approximately $0.8 billion and $0.9 billion as of

Financial Instruments - Deriv_2

Financial Instruments - Derivatives Not Designated as Hedging, Fair Value Table (Details) - USD ($) $ in Millions		Jun. 30, 2023	Dec. 31, 2022
Derivatives Not Designated as Hedging Instruments, Fair Value
Unrealized Gain On Derivative Contracts		$ 344	$ 805
Derivative contracts, at fair value (liability)		$ 911	$ 691
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		$ 2,034	$ 1,436
Investment Segment \| Not designated as hedging instrument
Derivatives Not Designated as Hedging Instruments, Fair Value
Derivative contracts, at fair value (liability)	[1]	906	687
Investment Segment \| Not designated as hedging instrument \| Other assets [Member]
Derivatives Not Designated as Hedging Instruments, Fair Value
Asset derivatives, Gross		398	839
Derivative, Fair Value, Amount Offset Against Collateral, Net	[1]	(71)	(34)
Unrealized Gain On Derivative Contracts	[1]	327	805
Investment Segment \| Not designated as hedging instrument \| Accrued expenses and other liabilities
Derivatives Not Designated as Hedging Instruments, Fair Value
Liability derivatives, Gross		977	721
Derivative, Fair Value, Amount Offset Against Collateral, Net	[1]	(71)	(34)
Investment Segment \| Not designated as hedging instrument \| Equity Contract \| Other assets [Member]
Derivatives Not Designated as Hedging Instruments, Fair Value
Asset derivatives, Gross		70	392
Investment Segment \| Not designated as hedging instrument \| Equity Contract \| Accrued expenses and other liabilities
Derivatives Not Designated as Hedging Instruments, Fair Value
Liability derivatives, Gross		961	719
Investment Segment \| Not designated as hedging instrument \| Credit Risk Contract \| Other assets [Member]
Derivatives Not Designated as Hedging Instruments, Fair Value
Asset derivatives, Gross		327	447
Investment Segment \| Not designated as hedging instrument \| Credit Risk Contract \| Accrued expenses and other liabilities
Derivatives Not Designated as Hedging Instruments, Fair Value
Liability derivatives, Gross		1	1
Investment Segment \| Not designated as hedging instrument \| Commodity Contract
Derivatives Not Designated as Hedging Instruments, Fair Value
Liability derivatives, Gross			1
Investment Segment \| Not designated as hedging instrument \| Commodity Contract \| Other assets [Member]
Derivatives Not Designated as Hedging Instruments, Fair Value
Asset derivatives, Gross		1
Investment Segment \| Not designated as hedging instrument \| Commodity Contract \| Accrued expenses and other liabilities
Derivatives Not Designated as Hedging Instruments, Fair Value
Liability derivatives, Gross		15
Energy Segment
Derivatives Not Designated as Hedging Instruments, Fair Value
Liability derivatives, Gross		(5)	(1)
Unrealized Gain On Derivative Contracts		17
Derivative contracts, at fair value (liability)		5	4
Energy Segment \| Commodity Contract
Derivatives Not Designated as Hedging Instruments, Fair Value
Asset derivatives, Gross		17
Liability derivatives, Gross		$ 10	$ 5

[1] Excludes netting of cash collateral received and posted. The total collateral posted at June 30, 2023 and December 31, 2022 was $2,034 million and $1,436 million, respectively, across all counterparties, which are included in cash held at consolidated affiliated partnerships and restricted cash in the condensed consolidated balance sheets.

Financial Instruments - Gain (L

Financial Instruments - Gain (Loss) Recognized on Derivatives Not Designated as Hedging Table (Details) - Not designated as hedging instrument - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net gain (loss) from investment activities
Derivative
Gain (loss) on derivatives not designated as hedging instruments recognized in income	[1]	$ (385)	$ 357	$ (632)	$ 163
Equity Contract
Derivative
Gain (loss) on derivatives not designated as hedging instruments recognized in income	[1]	(366)	392	(650)	483
Credit Risk Contract
Derivative
Gain (loss) on derivatives not designated as hedging instruments recognized in income	[1]	(2)	$ (35)	34	$ (320)
Commodity Contract
Derivative
Gain (loss) on derivatives not designated as hedging instruments recognized in income		$ (17)		$ (16)

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

Financial Instruments - Energy

Financial Instruments - Energy segments derivatives (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Derivative [Line Items]
Collateral for derivative positions	$ 9	$ 7
Energy Segment
Derivative [Line Items]
Liability derivatives, Gross	(5)	(1)
Commodity Contract \| Energy Segment
Derivative [Line Items]
Asset derivatives, Gross	17
Liability derivatives, Gross	$ 10	$ 5

Financial Instruments - Narrati

Financial Instruments - Narrative (Details) bbl in Millions, MMBbls in Millions, BarrelOfButane in Millions		3 Months Ended		6 Months Ended		12 Months Ended
		Jun. 30, 2023 USD ($) BarrelOfButane	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) BarrelOfButane MMBbls	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($) bbl MMBbls
Derivatives, Fair Value
Unrealized Gain On Derivative Contracts		$ 344,000,000		$ 344,000,000		$ 805,000,000
Deconsolidation of Investment in Auto Plus
Derivatives, Fair Value
Equity investments, Fair value		0		0
Investment Segment
Derivatives, Fair Value
Fair value of derivative instruments with credit risk related contingent features in a liability position		0		0		0
Investment Segment \| Not designated as hedging instrument \| Other assets [Member]
Derivatives, Fair Value
Unrealized Gain On Derivative Contracts	[1]	327,000,000		327,000,000		$ 805,000,000
Energy Segment
Derivatives, Fair Value
Unrealized Gain On Derivative Contracts		17,000,000		17,000,000
Energy Segment \| Not designated as hedging instrument \| Cost of Goods and Service Benchmark
Derivatives, Fair Value
(Losses) gains on derivatives not designated as hedging instruments recognized in income		$ (4,000,000)	$ (68,000,000)	$ 41,000,000	$ (66,000,000)
Future Contracts \| Maximum
Derivatives, Fair Value
Derivative volume (barrels) \| MMBbls				1		1
Forward Contracts \| Energy Segment \| Not designated as hedging instrument
Derivatives, Fair Value
Derivative, Number of Instruments Held		63		63		34

[1] Excludes netting of cash collateral received and posted. The total collateral posted at June 30, 2023 and December 31, 2022 was $2,034 million and $1,436 million, respectively, across all counterparties, which are included in cash held at consolidated affiliated partnerships and restricted cash in the condensed consolidated balance sheets.

Related Party Notes Receivabl_2

Related Party Notes Receivable (Details) $ in Millions	3 Months Ended	6 Months Ended
Related Party Notes Receivable (Details) $ in Millions	Jun. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)
Related Party Notes Receivable
Related party notes receivable, gross	$ 82	$ 82
Financing Receivable, after Allowance for Credit Loss, Total	82	82
Allowance for expected credit losses:
Credit loss provision		116
Write-offs	$ (116)	$ (116)

Inventories, Net (Details)

Inventories, Net (Details) - USD ($) $ in Millions	12 Months Ended
Inventories, Net (Details) - USD ($) $ in Millions	Dec. 31, 2022	Jun. 30, 2023
Inventory [Line Items]
Raw materials	$ 335	$ 307
Work in process	105	106
Finished goods	1,091	589
In transit		13
Inventories, net	1,531	1,015
Inventory write-down	440
Automotive Segment
Inventory [Line Items]
Inventories, net	$ 686	$ 260

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, Net - Goodwill Table (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Goodwill
Gross carrying amount of goodwill	$ 378	$ 378
Accumulated impairment of goodwill	(90)	(90)
Goodwill	288	288
Automotive Segment
Goodwill
Gross carrying amount of goodwill	337	337
Accumulated impairment of goodwill	(87)	(87)
Goodwill	250	250
Food Packaging Segment
Goodwill
Gross carrying amount of goodwill	6	6
Goodwill	6	6
Home Fashion Segment
Goodwill
Gross carrying amount of goodwill	22	22
Accumulated impairment of goodwill	(3)	(3)
Goodwill	19	19
Pharma Segment
Goodwill
Gross carrying amount of goodwill	13	13
Goodwill	$ 13	$ 13

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets, Net - Definite-lived and Indefinite-lived Intangible Assets Table (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Definite-lived intangible assets:
Gross Carrying Amount	$ 810	$ 814
Accumulated Amortization	(391)	(364)
Net Carrying Value	419	450
Indefinite-lived intangible assets	83	83
Intangible assets, net	502	533
Customer Relationships
Definite-lived intangible assets:
Gross Carrying Amount	392	393
Accumulated Amortization	(219)	(212)
Net Carrying Value	173	181
Developed Technology
Definite-lived intangible assets:
Gross Carrying Amount	254	254
Accumulated Amortization	(76)	(62)
Net Carrying Value	178	192
Unclassified Indefinite-lived Intangible Assets
Definite-lived intangible assets:
Gross Carrying Amount	164	167
Accumulated Amortization	(96)	(90)
Net Carrying Value	$ 68	$ 77

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets, Net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Goodwill and Intangible Assets, Net
Amortization expense associated with definite-lived intangible assets	$ 14	$ 16	$ 29	$ 29

Leases (Details)

Leases (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Leases (Details) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Leases [Line Items]
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets		Other Assets		Other Assets
Operating lease right-of-use asset	$ 509		$ 509		$ 478
Operating lease liability	$ 517		$ 517		$ 484
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Accrued Liabilities		Accrued Liabilities		Accrued Liabilities
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets		Other Assets		Other Assets
Finance lease right-of-use asset	$ 49		$ 49		$ 48
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities		Accrued Liabilities		Accrued Liabilities
Finance lease, liability	$ 65		$ 65		$ 64
Operating lease cost	49	$ 51	90	$ 98
Amortization of financing lease right-of-use assets	3	1	4	4
Interest expense on financing lease liabilities	1	1	2	2
Property, plant and equipment, net	3,959		3,959		4,038
Real Estate Segment
Leases [Line Items]
Revenues from operating leases	7	1	12	3
Property, plant and equipment, net	341		341		345
Real Estate Segment \| Real estate assets leased to others
Leases [Line Items]
Property, plant and equipment, net	256		256		252
Energy Segment
Leases [Line Items]
Operating lease right-of-use asset	40		40		40
Operating lease liability	$ 38		$ 38		$ 40
Lease term	3 years 10 months 24 days		3 years 10 months 24 days		4 years 1 month 6 days
Operating lease, discount rate percentage	5.50%		5.50%		5.20%
Property, plant and equipment, net	$ 2,630		$ 2,630		$ 2,664
Automotive Segment
Leases [Line Items]
Operating lease right-of-use asset	426		426		386
Operating lease liability	$ 439		$ 439		$ 395
Lease term	5 years 3 months 18 days		5 years 3 months 18 days		4 years 8 months 12 days
Operating lease, discount rate percentage	5.90%		5.90%		5.90%
Operating lease cost			$ 72	81
Revenues from operating leases	$ 13	$ 13	29	$ 22
Property, plant and equipment, net	792		792		$ 826
Food Packaging Segment
Leases [Line Items]
Operating lease right-of-use asset	23		23		24
Operating lease liability	$ 26		$ 26		$ 27
Lease term	9 years 6 months		9 years 6 months		9 years 9 months 18 days
Operating lease, discount rate percentage	7.40%		7.40%		7.40%
Property, plant and equipment, net	$ 137		$ 137		$ 142
Other Segments and Holding Company
Leases [Line Items]
Operating lease right-of-use asset	20		20		28
Operating lease liability	$ 14		$ 14		$ 22

Debt (Details)

Debt (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022	Feb. 28, 2022
Debt Instrument [Line Items]
Debt	$ 7,078	$ 7,096
Holding Company
Debt Instrument [Line Items]
Debt	5,308	5,309
Energy Segment
Debt Instrument [Line Items]
Debt	1,591	1,591
Automotive Segment
Debt Instrument [Line Items]
Debt	19	21
Food Packaging Segment
Debt Instrument [Line Items]
Debt	150	162
Real Estate Segment
Debt Instrument [Line Items]
Debt	1	1
Home Fashion Segment
Debt Instrument [Line Items]
Debt	9	12
Reporting Segments
Debt Instrument [Line Items]
Debt	1,770	1,787
6.750% senior unsecured notes due 2024 \| Holding Company
Debt Instrument [Line Items]
Interest rate on debt instrument			6.75%
4.750% senior unsecured notes due 2024 \| Holding Company
Debt Instrument [Line Items]
Debt	$ 1,102	$ 1,103
Interest rate on debt instrument	4.75%	4.75%
6.375% senior unsecured notes due 2025 \| Holding Company
Debt Instrument [Line Items]
Debt	$ 749	$ 749
Interest rate on debt instrument	6.375%	6.375%
6.250% senior unsecured notes due 2026 \| Holding Company
Debt Instrument [Line Items]
Debt	$ 1,250	$ 1,250
Interest rate on debt instrument	6.25%	6.25%
5.250% senior unsecured notes due 2027 \| Holding Company
Debt Instrument [Line Items]
Debt	$ 1,460	$ 1,460
Interest rate on debt instrument	5.25%	5.25%
4.375% senior unsecured notes due 2029 \| Holding Company
Debt Instrument [Line Items]
Debt	$ 747	$ 747
Interest rate on debt instrument	4.375%	4.375%

Debt - Holding Company Debt (De

Debt - Holding Company Debt (Details) - Holding Company - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Feb. 28, 2022
Debt Instrument [Line Items]
Gain (loss) on extinguishment of debt	$ (1)
6.750% senior unsecured notes due 2024
Debt Instrument [Line Items]
Debt face amount		$ 500
Interest rate on debt instrument		6.75%

Debt - Non-Cash Charges to Inte

Debt - Non-Cash Charges to Interest Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Debt Instrument [Line Items]
Amortization of deferred financing costs and debt discounts and premiums		$ 1
Maximum
Debt Instrument [Line Items]
Amortization of deferred financing costs and debt discounts and premiums	$ 1		$ 2	$ 2

Net Income Per LP Unit (Details

Net Income Per LP Unit (Details) - USD ($) $ / shares in Units, $ in Millions			3 Months Ended		6 Months Ended
	May 09, 2023	Feb. 22, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net Income Per LP Unit [Line Items]
Net Income (Loss)			$ (269)	$ (128)	$ (539)	$ 195
Net (loss) income attributable to Icahn Enterprises allocated to limited partners (98.01% allocation)			$ (264)	$ (125)	$ (528)	$ 191
Basic (loss) income per LP unit			$ (0.72)	$ (0.41)	$ (1.46)	$ 0.64
Basic weighted average LP units outstanding			367,000,000	306,000,000	361,000,000	300,000,000
Diluted (loss) income per LP unit			$ (0.72)	$ (0.41)	$ (1.46)	$ 0.64
Diluted weighted average LP units outstanding			367,000,000	306,000,000	361,000,000	300,000,000
Aggregate cash distributions to depositary unit holders					$ 152
Partners' Capital Account, Units, Sale of Units			0		3,395,353
Proceeds from Sale of Interest in Partnership Unit					$ 175
Potential aggregate sales proceeds from equity offering					$ 149
Fixed-rate senior unsecured notes, repurchase program authorized amount	$ 500
Depositary units, repurchase program authorized amount	$ 500
Limited partners
Net Income Per LP Unit [Line Items]
Distribution declared per LP unit	$ 2	$ 2
Units distributed to LP unitholders					36,490,879
Mr. Icahn and affiliates
Net Income Per LP Unit [Line Items]
Units distributed to LP unitholders					34,496,953
Icahn Enterprises Holdings LP
Net Income Per LP Unit [Line Items]
Affiliate ownership interest					98.01%

Segment Reporting - Condensed S

Segment Reporting - Condensed Statements of Operations (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	$ 2,684	$ 3,796	$ 5,442	$ 6,764
Other revenues from operations	198	197	385	365
Net (loss) gain from investment activities	(500)	(442)	(943)	497
Interest and dividend income	167	50	338	92
(Loss) gain on disposition of assets, net			3	2
Other (loss) income, net	(9)	(98)	(41)	(122)
Total revenues	2,540	3,503	5,181	7,596
Cost of goods sold	2,310	3,174	4,570	5,712
Other expenses from operations	160	148	318	285
Selling, general and administrative	215	315	444	616
Impairment on related party note receivable	116		116
Loss on deconsolidation of subsidiary	20		246
Interest expense	136	151	278	285
Total Expenses	2,957	3,788	5,972	6,898
(Loss) income before income tax (expense) benefit	(417)	(285)	(791)	698
Income tax (expense) benefit	(2)	(2)	14	(100)
Net (loss) income	(419)	(287)	(777)	598
Less: net (loss) income from continuing operations attributable to non-controlling interests	(150)	(159)	(238)	403
Net (loss) income from continuing operations attributable to Icahn Enterprises	(269)	(128)	(539)	195
Capital expenditures	73	99	131	154
Depreciation and amortization	129	127	251	249
Investment Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales			0	0
Other revenues from operations			0	0
Net (loss) gain from investment activities	(500)	(459)	(943)	449
Interest and dividend income	134	47	278	87
Other (loss) income, net	(18)	(18)	(46)	(35)
Total revenues	(384)	(430)	(711)	501
Cost of goods sold			0	0
Other expenses from operations			0	0
Selling, general and administrative	13	10	16	14
Impairment on related party note receivable			0
Loss on deconsolidation of subsidiary			0
Interest expense	38	53	83	85
Total Expenses	51	63	99	99
(Loss) income before income tax (expense) benefit	(435)	(493)	(810)	402
Income tax (expense) benefit			0	0
Net (loss) income	(435)	(493)	(810)	402
Less: net (loss) income from continuing operations attributable to non-controlling interests	(220)	(275)	(424)	206
Net (loss) income from continuing operations attributable to Icahn Enterprises	(215)	(218)	(386)	196
Capital expenditures			0	0
Depreciation and amortization			0	0
Energy Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	2,237	3,144	4,523	5,517
Other revenues from operations			0	0
Net (loss) gain from investment activities			0	0
Interest and dividend income	8	1	13	1
Other (loss) income, net	3	(75)	6	(85)
Total revenues	2,248	3,070	4,542	5,433
Cost of goods sold	1,990	2,715	3,916	4,838
Other expenses from operations			0	0
Selling, general and administrative	39	43	85	88
Impairment on related party note receivable			0
Loss on deconsolidation of subsidiary			0
Interest expense	22	24	45	48
Total Expenses	2,051	2,782	4,046	4,974
(Loss) income before income tax (expense) benefit	197	288	496	459
Income tax (expense) benefit	(41)	(61)	(93)	(91)
Net (loss) income	156	227	403	368
Less: net (loss) income from continuing operations attributable to non-controlling interests	70	117	185	197
Net (loss) income from continuing operations attributable to Icahn Enterprises	86	110	218	171
Capital expenditures	56	62	100	88
Depreciation and amortization	89	89	173	172
Automotive Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	248	438	535	845
Other revenues from operations	177	183	347	339
Net (loss) gain from investment activities			0	0
Interest and dividend income			0	0
Other (loss) income, net	3		3	2
Total revenues	428	621	885	1,186
Cost of goods sold	173	288	366	555
Other expenses from operations	142	134	287	260
Selling, general and administrative	114	219	246	427
Impairment on related party note receivable			0
Loss on deconsolidation of subsidiary			0
Interest expense	1		1	1
Total Expenses	430	641	900	1,243
(Loss) income before income tax (expense) benefit	(2)	(20)	(15)	(57)
Income tax (expense) benefit	6	5	6	14
Net (loss) income	4	(15)	(9)	(43)
Less: net (loss) income from continuing operations attributable to non-controlling interests			0	0
Net (loss) income from continuing operations attributable to Icahn Enterprises	4	(15)	(9)	(43)
Capital expenditures	11	30	21	51
Depreciation and amortization	22	20	41	40
Food Packaging Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	117	110	235	211
Other revenues from operations			0	0
Net (loss) gain from investment activities			0	0
Interest and dividend income			0	0
Other (loss) income, net	1	(6)	(6)	(5)
Total revenues	118	104	229	206
Cost of goods sold	90	90	181	171
Other expenses from operations			0	0
Selling, general and administrative	15	13	29	26
Impairment on related party note receivable			0
Loss on deconsolidation of subsidiary			0
Interest expense	3	2	6	3
Total Expenses	108	105	216	200
(Loss) income before income tax (expense) benefit	10	(1)	13	6
Income tax (expense) benefit	(5)	(2)	(1)	(3)
Net (loss) income	5	(3)	12	3
Less: net (loss) income from continuing operations attributable to non-controlling interests		(1)	1	0
Net (loss) income from continuing operations attributable to Icahn Enterprises	5	(2)	11	3
Capital expenditures	5	5	7	9
Depreciation and amortization	7	7	14	14
Real Estate Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	13	17	20	34
Other revenues from operations	20	13	36	24
Net (loss) gain from investment activities			0	0
Interest and dividend income			0	0
Other (loss) income, net	1		1	0
Total revenues	34	30	57	58
Cost of goods sold	8	12	14	22
Other expenses from operations	18	14	31	25
Selling, general and administrative	5	3	9	7
Impairment on related party note receivable			0
Loss on deconsolidation of subsidiary			0
Interest expense			0	0
Total Expenses	31	29	54	54
(Loss) income before income tax (expense) benefit	3	1	3	4
Income tax (expense) benefit			0	0
Net (loss) income	3	1	3	4
Less: net (loss) income from continuing operations attributable to non-controlling interests			0	0
Net (loss) income from continuing operations attributable to Icahn Enterprises	3	1	3	4
Capital expenditures		2	2	6
Depreciation and amortization	3	3	6	6
Home Fashion Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	46	69	86	124
Other revenues from operations			0	0
Net (loss) gain from investment activities			0	0
Interest and dividend income			0	0
Other (loss) income, net			0	0
Total revenues	46	69	86	124
Cost of goods sold	35	57	67	102
Other expenses from operations			0
Selling, general and administrative	10	11	20	22
Impairment on related party note receivable			0
Loss on deconsolidation of subsidiary			0
Interest expense		1	0	1
Total Expenses	45	69	87	125
(Loss) income before income tax (expense) benefit	1		(1)	(1)
Income tax (expense) benefit			0	0
Net (loss) income	1		(1)	(1)
Less: net (loss) income from continuing operations attributable to non-controlling interests			0	0
Net (loss) income from continuing operations attributable to Icahn Enterprises	1		(1)	(1)
Capital expenditures	1		1	0
Depreciation and amortization	1	1	3	3
Pharma Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	23	18	43	33
Other revenues from operations	1	1	2	2
Net (loss) gain from investment activities			0	0
Interest and dividend income			0	0
Other (loss) income, net	1		1	1
Total revenues	25	19	46	36
Cost of goods sold	14	12	26	24
Other expenses from operations			0	0
Selling, general and administrative	11	10	24	20
Impairment on related party note receivable			0
Loss on deconsolidation of subsidiary			0
Interest expense			0	0
Total Expenses	25	22	50	44
(Loss) income before income tax (expense) benefit		(3)	(4)	(8)
Income tax (expense) benefit			0	0
Net (loss) income		(3)	(4)	(8)
Less: net (loss) income from continuing operations attributable to non-controlling interests			0	0
Net (loss) income from continuing operations attributable to Icahn Enterprises		(3)	(4)	(8)
Capital expenditures			0	0
Depreciation and amortization	7	7	14	14
Holding Company
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales			0	0
Other revenues from operations			0	0
Net (loss) gain from investment activities		17	0	48
Interest and dividend income	25	2	47	4
Other (loss) income, net		1	0	0
Total revenues	25	20	47	52
Cost of goods sold			0	0
Other expenses from operations			0	0
Selling, general and administrative	8	6	15	12
Impairment on related party note receivable	116		116
Loss on deconsolidation of subsidiary	20		246
Interest expense	72	71	143	147
Total Expenses	216	77	520	159
(Loss) income before income tax (expense) benefit	(191)	(57)	(473)	(107)
Income tax (expense) benefit	38	56	102	(20)
Net (loss) income	(153)	(1)	(371)	(127)
Less: net (loss) income from continuing operations attributable to non-controlling interests			0	0
Net (loss) income from continuing operations attributable to Icahn Enterprises	$ (153)	$ (1)	(371)	(127)
Capital expenditures			0	0
Depreciation and amortization			$ 0	$ 0

Segment Reporting - Disaggregat

Segment Reporting - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Energy Segment
Disaggregation of Revenue [Line Items]
Disaggregated revenue	$ 2,237	$ 3,144	$ 4,523	$ 5,517
Automotive Segment
Disaggregation of Revenue [Line Items]
Disaggregated revenue	412	608	853	1,162
Petroleum products \| Energy Segment
Disaggregation of Revenue [Line Items]
Disaggregated revenue	2,054	2,900	4,114	5,050
Nitrogen fertilizer products \| Energy Segment
Disaggregation of Revenue [Line Items]
Disaggregated revenue	183	244	409	467
Automotive services \| Automotive Segment
Disaggregation of Revenue [Line Items]
Disaggregated revenue	392	393	761	746
Aftermarket parts sales
Disaggregation of Revenue [Line Items]
Disaggregated revenue	$ 20	$ 215	$ 92	$ 416

Segment Reporting - Condensed B

Segment Reporting - Condensed Balance Sheets (Details) - USD ($) $ in Millions	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	$ 2,488		$ 2,337
Cash held at consolidated affiliated partnerships and restricted cash	2,598		2,549
Investments	4,937		6,809
Accounts receivable, net	495		606
Inventories, net	1,015		1,531
Related party notes receivable	82
Note receivable, net	82
Property, plant and equipment, net	3,959		4,038
Goodwill and intangible assets, net	790		821
Other assets	5,850		9,223
Total assets	22,214		27,914
Accounts payable, accrued expenses and other liabilities	4,579		4,765
Securities sold, not yet purchased, at fair value	3,370		6,495
Debt	7,078		7,096
Total liabilities	15,027		18,356
Equity attributable to Icahn Enterprises	3,396		3,900
Equity attributable to non-controlling interests	3,791		5,658
Total equity	7,187	$ 8,496	9,558	$ 10,158	$ 9,758	$ 9,343
Total Liabilities and Equity	22,214		27,914
Investment Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	22		19
Cash held at consolidated affiliated partnerships and restricted cash	2,401		2,455
Investments	4,821		6,719
Other assets	4,644		8,041
Total assets	11,888		17,234
Accounts payable, accrued expenses and other liabilities	1,637		1,589
Securities sold, not yet purchased, at fair value	3,370		6,495
Total liabilities	5,007		8,084
Equity attributable to Icahn Enterprises	3,799		4,184
Equity attributable to non-controlling interests	3,082		4,966
Total equity	6,881		9,150
Total Liabilities and Equity	11,888		17,234
Energy Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	751		510
Cash held at consolidated affiliated partnerships and restricted cash	7		7
Investments	102		76
Accounts receivable, net	300		358
Inventories, net	524		624
Property, plant and equipment, net	2,630		2,664
Goodwill and intangible assets, net	189		200
Other assets	298		296
Total assets	4,801		4,735
Accounts payable, accrued expenses and other liabilities	1,727		1,823
Debt	1,591		1,591
Total liabilities	3,318		3,414
Equity attributable to Icahn Enterprises	795		648
Equity attributable to non-controlling interests	688		673
Total equity	1,483		1,321
Total Liabilities and Equity	4,801		4,735
Automotive Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	59		32
Cash held at consolidated affiliated partnerships and restricted cash	9		10
Accounts receivable, net	39		99
Inventories, net	260		686
Property, plant and equipment, net	792		826
Goodwill and intangible assets, net	346		352
Other assets	469		527
Total assets	1,974		2,532
Accounts payable, accrued expenses and other liabilities	847		981
Debt	19		21
Total liabilities	866		1,002
Equity attributable to Icahn Enterprises	1,108		1,530
Total equity	1,108		1,530
Total Liabilities and Equity	1,974		2,532
Food Packaging Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	7		9
Accounts receivable, net	90		87
Inventories, net	111		103
Property, plant and equipment, net	137		142
Goodwill and intangible assets, net	24		24
Other assets	104		110
Total assets	473		475
Accounts payable, accrued expenses and other liabilities	140		149
Debt	150		162
Total liabilities	290		311
Equity attributable to Icahn Enterprises	166		149
Equity attributable to non-controlling interests	17		15
Total equity	183		164
Total Liabilities and Equity	473		475
Real Estate Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	46		26
Cash held at consolidated affiliated partnerships and restricted cash	7		8
Investments	14		14
Accounts receivable, net	15		12
Property, plant and equipment, net	341		345
Other assets	96		102
Total assets	519		507
Accounts payable, accrued expenses and other liabilities	53		47
Debt	1		1
Total liabilities	54		48
Equity attributable to Icahn Enterprises	461		455
Equity attributable to non-controlling interests	4		4
Total equity	465		459
Total Liabilities and Equity	519		507
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	27		24
Inventories, net	90		90
Property, plant and equipment, net	54		56
Goodwill and intangible assets, net	19		19
Other assets	17		16
Total assets	215		213
Accounts payable, accrued expenses and other liabilities	44		45
Debt	9		12
Total liabilities	53		57
Equity attributable to Icahn Enterprises	162		156
Total equity	162		156
Total Liabilities and Equity	215		213
Pharma Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	24		16
Accounts receivable, net	24		26
Inventories, net	30		28
Goodwill and intangible assets, net	212		226
Other assets	5		6
Total assets	295		302
Accounts payable, accrued expenses and other liabilities	58		61
Total liabilities	58		61
Equity attributable to Icahn Enterprises	237		241
Total equity	237		241
Total Liabilities and Equity	295		302
Holding Company
Segment Reporting, Asset Reconciling Item [Line Items]
Cash and cash equivalents	1,574		1,720
Cash held at consolidated affiliated partnerships and restricted cash	171		66
Related party notes receivable	82
Note receivable, net	82
Property, plant and equipment, net	5		5
Other assets	217		125
Total assets	2,049		1,916
Accounts payable, accrued expenses and other liabilities	73		70
Debt	5,308		5,309
Total liabilities	5,381		5,379
Equity attributable to Icahn Enterprises	(3,332)		(3,463)
Total equity	(3,332)		(3,463)
Total Liabilities and Equity	$ 2,049		$ 1,916

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income tax expense	$ 2	$ 2	$ (14)	$ 100
(Loss) income before income tax (expense) benefit	$ (417)	$ (285)	$ (791)	$ 698
Effective income tax rate	(0.50%)	(0.70%)	(1.80%)	14.30%
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			6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Changes in Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss, Translation Adjustments, Net of Tax, Beginning Balance		$ (45)		$ (45)
Accumulated other comprehensive loss, Post-Retirement Benefits, Net of Tax, Beginning Balance		(25)		(25)
Accumulated other comprehensive loss, Beginning Balance		(70)		(70)
Other comprehensive (loss) income before reclassifications, net of tax, Translation Adjustments, Net of Tax				5
Other comprehensive (loss) income before reclassifications, net of tax, Total				5
Reclassifications from accumulated other comprehensive loss to earnings, net of tax, Post-Retirement Benefits, Net of Tax				2
Reclassifications from accumulated other comprehensive loss to earnings, net of tax				2
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Total	$ 1			5
Post-retirement benefits and other	2		$ (7)	2	$ (7)
Other comprehensive (loss) income, net of tax, Total	3	$ 4	$ (7)	7	$ (7)
Accumulated other comprehensive loss, Translation Adjustments, Net of Tax, Ending Balance	(40)			(40)
Accumulated other comprehensive loss, Post-Retirement Benefits, Net of Tax, Ending Balance	(23)			(23)
Accumulated other comprehensive loss, Total, Ending Balance	$ (63)			$ (63)

Other Loss, Net (Details)

Other Loss, Net (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Other Loss, Net (Details) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Component of Other Income (Loss), Net [Line Items]
Other loss, net	$ (9)	$ (98)	$ (41)	$ (122)
Dividend expense
Component of Other Income (Loss), Net [Line Items]
Other loss, net	(19)	(18)	(47)	(35)
Equity earnings from non-consolidated affiliates
Component of Other Income (Loss), Net [Line Items]
Other loss, net	3	3	5	5
Gain on disposition of assets, net
Component of Other Income (Loss), Net [Line Items]
Other loss, net	3		3	2
Foreign currency transaction gain
Component of Other Income (Loss), Net [Line Items]
Other loss, net	2	(6)	2	(5)
Tax settlement gain
Component of Other Income (Loss), Net [Line Items]
Other loss, net		(78)		(88)
Loss on extinguishment of debt, net
Component of Other Income (Loss), Net [Line Items]
Other loss, net		$ 1		$ (1)
Other
Component of Other Income (Loss), Net [Line Items]
Other loss, net	$ 2		$ (4)

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Millions	1 Months Ended		3 Months Ended		6 Months Ended
	Jul. 31, 2023 item	Nov. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jan. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Loss Contingencies [Line Items]
Environmental loss contingency accrual			$ 20		$ 20			$ 22
Environmental Loss Contingency, Statement of Financial Position [Extensible Enumeration]			Accrued Liabilities		Accrued Liabilities			Accrued Liabilities
Minimum Carbon Dioxide Supply							$ 15
Maximum fee payable							$ 45
Number of petitions denied \| item	26
Starfire Holding Corporation
Loss Contingencies [Line Items]
Ownership percentage by principal owner			99.60%		99.60%
Pension funding indemnity agreement with subsidiary			$ 250		$ 250
ACF
Loss Contingencies [Line Items]
Funded status of related party pension plan			$ 42		$ 42
Icahn Enterprises Holdings \| ACF \| Minimum
Loss Contingencies [Line Items]
Ownership percentage by principal owner			80%		80%
Mr. Icahn and affiliates \| Minimum
Loss Contingencies [Line Items]
Affiliate ownership interest					80%
Mr. Icahn and affiliates \| Icahn Enterprises G.P.
Loss Contingencies [Line Items]
Affiliate ownership in parent company general partner					100%
Mr. Icahn and affiliates \| Icahn Enterprises Holdings
Loss Contingencies [Line Items]
Affiliate ownership interest					85%
Energy Segment
Loss Contingencies [Line Items]
Amount of quantifying alleged damages					$ 6.8
Expense (benefit)			$ 48	$ 135	37	$ 241
RFS position			$ 599		$ 599			$ 692
Insurance policies coverage limits		$ 50

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Supplemental Cash Flow Information
Cash payments for interest	$ (216)	$ (221)
Cash payments for income taxes, net of payments	(43)	(60)
Partnership contributions receivable	6	$ 7
Non-cash Investment segment distributions to non-controlling interests	$ (2)

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent event	Aug. 02, 2023 D $ / shares
Subsequent Events
Distribution declared per LP unit \| $ / shares	$ 1
Threshold number of specified trading days \| D	5

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ (269)	$ (128)	$ (539)	$ 195

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2023
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