View Filing Data

Print Document View Excel Document

Document and Entity Information Document - shares	3 Months Ended
Document and Entity Information Document - shares	Mar. 31, 2013	May 02, 2013
Entity Information [Line Items]
Entity Registrant Name	ICAHN ENTERPRISES L.P.
Entity Central Index Key	0000813762
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		109,547,363
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Icahn Enterprises Holdings [Member]
Entity Information [Line Items]
Entity Registrant Name	ICAHN ENTERPRISES HOLDINGS L.P.
Entity Central Index Key	0001034563
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		0
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes

Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2013	Dec. 31, 2012
ASSETS
Cash and cash equivalents	$ 2,437	$ 3,071
Cash held at consolidated affiliated partnerships and restricted cash	1,424	1,419
Investments	7,690	5,491
Accounts receivable, net	2,028	1,841
Due from brokers	50	94
Inventories, net	1,968	1,955
Property, plant and equipment, net	6,571	6,523
Goodwill	2,089	2,082
Intangible assets, net	1,180	1,206
Other assets	824	874
Total Assets	26,261	24,556
LIABILITIES AND EQUITY
Accounts payable	1,349	1,383
Accrued expenses and other liabilities	1,920	1,496
Deferred tax liability	1,398	1,335
Securities sold, not yet purchased, at fair value	620	533
Due to brokers	423	0
Post-employment benefit liability	1,438	1,488
Debt	8,184	8,548
Total liabilities	15,332	14,783
Commitments and contingencies (Note 17)
Equity:
Limited partners: Depositary units: 108,025,417 and 104,850,813 units issued and outstanding at March 31, 2013 and December 31, 2012, respectively	5,304	4,913
General partner	(236)	(244)
Equity attributable to Icahn Enterprises	5,068	4,669
Equity attributable to non-controlling interests	5,861	5,104
Total equity	10,929	9,773
Total Liabilities and Equity	26,261	24,556
Icahn Enterprises Holdings [Member]
ASSETS
Cash and cash equivalents	2,437	3,071
Cash held at consolidated affiliated partnerships and restricted cash	1,424	1,419
Investments	7,690	5,491
Accounts receivable, net	2,028	1,841
Due from brokers	50	94
Inventories, net	1,968	1,955
Property, plant and equipment, net	6,571	6,523
Goodwill	2,089	2,082
Intangible assets, net	1,180	1,206
Other assets	838	888
Total Assets	26,275	24,570
LIABILITIES AND EQUITY
Accounts payable	1,349	1,383
Accrued expenses and other liabilities	1,920	1,496
Deferred tax liability	1,398	1,335
Securities sold, not yet purchased, at fair value	620	533
Due to brokers	423	0
Post-employment benefit liability	1,438	1,488
Debt	8,176	8,540
Total liabilities	15,324	14,775
Commitments and contingencies (Note 17)
Equity:
Limited partners: Depositary units: 108,025,417 and 104,850,813 units issued and outstanding at March 31, 2013 and December 31, 2012, respectively	5,377	4,984
General partner	(287)	(293)
Equity attributable to Icahn Enterprises	5,090	4,691
Equity attributable to non-controlling interests	5,861	5,104
Total equity	10,951	9,795
Total Liabilities and Equity	$ 26,275	$ 24,570

Consolidated Balance Sheets (Parentheticals) - shares	Mar. 31, 2013	Dec. 31, 2012
Equity:
Limited partners: Depositary units issued	108,025,417	104,850,813
Limited partners: Depositary units outstanding	108,025,417	104,850,813

Consolidated Statements of Operations shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2013 USD ($) $ / shares $ / units shares	Mar. 31, 2012 USD ($) $ / shares $ / units shares
Revenues:
Net sales	$ 4,574	$ 2,399
Other revenues from operations	189	192
Net gain from investment activities	578	58
Interest and dividend income	24	25
Other (loss) income, net	(46)	10
Total Revenues	5,319	2,684
Expenses:
Cost of goods sold	3,893	2,072
Other expenses from operations	100	106
Selling, general and administrative	369	309
Restructuring	8	7
Impairment	0	2
Interest expense	134	117
Total Expenses	4,504	2,613
Income before income tax (expense) benefit	815	71
Income tax (expense) benefit	(120)	30
Net income	695	101
Less: net income attributable to non-controlling interests	(418)	(52)
Net income attributable to Icahn Enterprises	277	49
Net income attributable to Icahn Enterprises allocable to:
Limited partners	271	48
General partner	6	1
Net income attributable to Icahn Enterprises	$ 277	$ 49
Basic income per LP unit
Basic income per LP unit \| $ / units	2.56	0.48
Basic weighted average LP units outstanding \| shares	106	99
Diluted income per LP unit
Diluted income per LP unit \| $ / units	2.50	0.48
Diluted weighted average LP units outstanding \| shares	109	99
Cash distributions declared per LP unit \| $ / shares	$ 1.00	$ 0.10
Icahn Enterprises Holdings [Member]
Revenues:
Net sales	$ 4,574	$ 2,399
Other revenues from operations	189	192
Net gain from investment activities	578	58
Interest and dividend income	24	25
Other (loss) income, net	(46)	10
Total Revenues	5,319	2,684
Expenses:
Cost of goods sold	3,893	2,072
Other expenses from operations	100	106
Selling, general and administrative	369	309
Restructuring	8	7
Impairment	0	2
Interest expense	134	117
Total Expenses	4,504	2,613
Income before income tax (expense) benefit	815	71
Income tax (expense) benefit	(120)	30
Net income	695	101
Less: net income attributable to non-controlling interests	(418)	(52)
Net income attributable to Icahn Enterprises	277	49
Net income attributable to Icahn Enterprises allocable to:
Limited partners	274	49
General partner	3	0
Net income attributable to Icahn Enterprises	$ 277	$ 49

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Net income	$ 695	$ 101
Other comprehensive income (loss), net of tax:
Post-employment benefits	13	9
Hedge instruments	6	14
Translation adjustments and other	(41)	84
Other comprehensive (loss) income, net of tax	(22)	107
Comprehensive income	673	208
Less: Comprehensive income attributable to non-controlling interests	(412)	(79)
Comprehensive income attributable to Icahn Enterprises	261	129
Limited partners
Other comprehensive income (loss), net of tax:
Comprehensive income attributable to Icahn Enterprises	256	127
General partner
Other comprehensive income (loss), net of tax:
Comprehensive income attributable to Icahn Enterprises	5	2
Icahn Enterprises Holdings [Member]
Net income	695	101
Other comprehensive income (loss), net of tax:
Post-employment benefits	13	9
Hedge instruments	6	14
Translation adjustments and other	(41)	84
Other comprehensive (loss) income, net of tax	(22)	107
Comprehensive income	673	208
Less: Comprehensive income attributable to non-controlling interests	(412)	(79)
Comprehensive income attributable to Icahn Enterprises	261	129
Icahn Enterprises Holdings [Member] \| Limited partners
Other comprehensive income (loss), net of tax:
Comprehensive income attributable to Icahn Enterprises	258	128
Icahn Enterprises Holdings [Member] \| General partner
Other comprehensive income (loss), net of tax:
Comprehensive income attributable to Icahn Enterprises	$ 3	$ 1

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2013	Dec. 31, 2012
Accumulated other comprehensive loss	$ 1,004	$ 982

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e637-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e681-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669686-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 31
-Article 5

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS115-1/124-1
-Paragraph 15D
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 14, 17, 26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

+ Details

Consolidated Statement of Changes in Equity - 3 months ended Mar. 31, 2013 - USD ($) $ in Millions	Total	General partner	Limited partners	Parent [Member]	Non-controlling Interests	Icahn Enterprises Holdings [Member]	Icahn Enterprises Holdings [Member] General partner	Icahn Enterprises Holdings [Member] Limited partners	Icahn Enterprises Holdings [Member] Parent [Member]	Icahn Enterprises Holdings [Member] Non-controlling Interests
Equity at Dec. 31, 2012	$ 9,773	$ (244)	$ 4,913	$ 4,669	$ 5,104	$ 9,795	$ (293)	$ 4,984	$ 4,691	$ 5,104
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income	695	6	271	277	418	695	3	274	277	418
Other comprehensive loss	(22)	(1)	(15)	(16)	(6)	(22)	0	(16)	(16)	(6)
Partnership distributions	(105)	(2)	(103)	(105)	0	(105)	(1)	(104)	(105)	0
Proceeds from equity offering	198	4	194	198	0	198	4	194	198	0
Dividends paid to non-controlling interests in subsidiaries	(92)	0	0	0	(92)	(92)	0	0	0	(92)
Proceeds from CVR Refining IPO	487	1	48	49	438	487	0	49	49	438
Changes in subsidiary equity and other	(5)	0	(4)	(4)	(1)	(5)	0	(4)	(4)	(1)
Equity at Mar. 31, 2013	$ 10,929	$ (236)	$ 5,304	$ 5,068	$ 5,861	$ 10,951	$ (287)	$ 5,377	$ 5,090	$ 5,861

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=7656940&loc=SL4569616-111683

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4K
-URI http://asc.fasb.org/extlink&oid=18733213&loc=SL4591552-111686

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (a),(c)
-URI http://asc.fasb.org/extlink&oid=18733093&loc=SL4573702-111684

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4J
-URI http://asc.fasb.org/extlink&oid=18733213&loc=SL4591551-111686

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 29
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph c(1)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 5
-Subparagraph b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A1, A4, A5
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.

+ References + Details

Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Cash flows from operating activities:
Net income	$ 695	$ 101
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Net gain from securities transactions	(1,158)	(490)
Purchases of securities	(1,756)	(474)
Proceeds from sales of securities	780	4,218
Purchases to cover securities sold, not yet purchased	0	(4,317)
Proceeds from securities sold, not yet purchased	79	536
Changes in receivables and payables relating to securities transactions	449	(2,412)
Loss on sale of discontinued operations	47	0
Depreciation and amortization	164	108
Deferred taxes	64	(42)
Other, net	(4)	13
Changes in cash held at consolidated affiliated partnerships and restricted cash	595	2,729
Changes in other operating assets and liabilities	86	115
Net cash provided by operating activities	41	85
Cash flows from investing activities:
Capital expenditures	(278)	(197)
Net payments associated with business dispositions	(40)	0
Acquisitions of businesses, net of cash acquired	0	(3)
Proceeds from sale of investments	13	170
Purchases of investments	(46)	(210)
Other, net	(3)	0
Net cash used in investing activities	(354)	(240)
Cash flows from financing activities:
Proceeds from equity offerings	198	510
Partnership distributions	0	(10)
Proceeds from offering of subsidiary equity	556	0
Distributions to non-controlling interests in subsidiaries	(92)	0
Proceeds from issuance of senior unsecured notes	0	716
Proceeds from other borrowings	64	174
Repayments of borrowings	(427)	(56)
Change in restricted cash relating to variable rate note discharge	(600)	0
Other, net	(7)	(8)
Net cash (used in) provided by financing activities	(308)	1,326
Effect of exchange rate changes on cash and cash equivalents	(13)	18
Net (decrease) increase in cash and cash equivalents	(634)	1,189
Cash and cash equivalents, beginning of period	3,071	2,278
Cash and cash equivalents, end of period	2,437	3,467
Supplemental information:
Cash payments for interest, net of amounts capitalized	203	161
Net cash payments for income taxes	61	30
Distribution payable to LP unitholders	105	0
Net unrealized gain on available-for-sale securities	0	3
Redemptions payable to non-controlling interests	0	17
Icahn Enterprises Holdings [Member]
Cash flows from operating activities:
Net income	695	101
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Net gain from securities transactions	(1,158)	(490)
Purchases of securities	(1,756)	(474)
Proceeds from sales of securities	780	4,218
Purchases to cover securities sold, not yet purchased	0	(4,317)
Proceeds from securities sold, not yet purchased	79	536
Changes in receivables and payables relating to securities transactions	449	(2,412)
Loss on sale of discontinued operations	47	0
Depreciation and amortization	164	108
Deferred taxes	64	(42)
Other, net	(4)	13
Changes in cash held at consolidated affiliated partnerships and restricted cash	595	2,729
Changes in other operating assets and liabilities	86	115
Net cash provided by operating activities	41	85
Cash flows from investing activities:
Capital expenditures	(278)	(197)
Net payments associated with business dispositions	(40)	0
Acquisitions of businesses, net of cash acquired	0	(3)
Proceeds from sale of investments	13	170
Purchases of investments	(46)	(210)
Other, net	(3)	0
Net cash used in investing activities	(354)	(240)
Cash flows from financing activities:
Proceeds from equity offerings	198	510
Partnership distributions	0	(10)
Proceeds from offering of subsidiary equity	556	0
Distributions to non-controlling interests in subsidiaries	(92)	0
Proceeds from issuance of senior unsecured notes	0	716
Proceeds from other borrowings	64	174
Repayments of borrowings	(427)	(56)
Change in restricted cash relating to variable rate note discharge	(600)	0
Other, net	(7)	(8)
Net cash (used in) provided by financing activities	(308)	1,326
Effect of exchange rate changes on cash and cash equivalents	(13)	18
Net (decrease) increase in cash and cash equivalents	(634)	1,189
Cash and cash equivalents, beginning of period	3,071	2,278
Cash and cash equivalents, end of period	2,437	3,467
Supplemental information:
Cash payments for interest, net of amounts capitalized	203	161
Net cash payments for income taxes	61	30
Distribution payable to LP unitholders	105	0
Net unrealized gain on available-for-sale securities	0	3
Redemptions payable to non-controlling interests	$ 0	$ 17

Description of Business and Basis of Presentation	3 Months Ended
Description of Business and Basis of Presentation	Mar. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation. General Icahn Enterprises L.P. (“Icahn Enterprises”) is a master limited partnership formed in Delaware on February 17, 1987. Icahn Enterprises Holdings L.P. (“Icahn Enterprises Holdings”) is a 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. Icahn Enterprises G.P. Inc. (“Icahn Enterprises GP”), which is owned and controlled by Mr. Carl C. Icahn, owns a 1% general partner interest in each of Icahn Enterprises and Icahn Enterprises Holdings as of March 31, 2013. Icahn Enterprises Holdings and its subsidiaries own substantially all of our assets and liabilities and conduct substantially all of our operations. Therefore, the financial results of Icahn Enterprises and Icahn Enterprises Holdings are substantially the same, with differences relating primarily to debt, as discussed further in Note 10, "Debt," and the allocation of the general partner interest, which is reflected as an aggregate 1.99% general partner interest in the financial statements of Icahn Enterprises as of March 31, 2013. In addition to the above, Mr. Icahn and his affiliates owned 97,764,251, or approximately 90.5%, of Icahn Enterprises' outstanding depositary units as of March 31, 2013. We are a diversified holding company owning subsidiaries currently engaged in the following continuing operating businesses: Investment, Automotive, Energy, Metals, Railcar, Gaming, Food Packaging, Real Estate and Home Fashion. We also report the results of our Holding Company, which includes the results of certain subsidiaries of Icahn Enterprises and Icahn Enterprises Holdings (unless otherwise noted), and investment activity and expenses associated with the Holding Company. Further information regarding our continuing reportable segments is contained in Note 2, “Operating Units,” and Note 13, “Segment Reporting.” 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 “'40 Act”). Therefore, no more than 40% of our total assets can be invested in investment securities, as such term is defined in the '40 Act. In addition, we do not invest or intend to invest in securities as our primary business. We intend to structure our investments to continue 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 (the “Code”). The accompanying 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, 2012. The consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“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. Reclassifications Certain reclassifications from the prior year presentation have been made to conform to the current year presentation. Purchase Price Allocation On May 4, 2012, we acquired a controlling interest in CVR Energy, Inc. ("CVR") and have allocated the total purchase price to the fair value of assets acquired and liabilities assumed based on their fair values at the acquisition date, with amounts exceeding fair values recorded as goodwill. The purchase price allocation is preliminary and is subject to additional adjustments. The purchase price allocation will be finalized during the second quarter of 2013. Principles of Consolidation General Our consolidated financial statements include the accounts of (i) Icahn Enterprises and (ii) the wholly and majority owned subsidiaries of Icahn Enterprises, in addition to those entities in which we have a controlling interest as a general partner interest or in which we may be the primary beneficiary of a variable interest entity (“VIE”). In evaluating whether we have a controlling financial interest in entities in which we would consolidate, we consider the following: (1) for voting interest entities, we consolidate these entities in which we own a majority of the voting interests; and (2) for limited partnership entities that are not considered VIEs, we consolidate these entities if we are the general partner of such entities and for which no substantive kick-out rights (the rights underlying the limited partners' ability to dissolve the limited partnership or otherwise remove the general partners are collectively referred to as “kick-out” rights) or participating rights exist. All material intercompany accounts and transactions have been eliminated in consolidation. Fair Value of Financial Instruments The carrying values of cash and cash equivalents, cash held at consolidated affiliated partnerships and restricted cash, accounts receivable, due from brokers, accounts payable, accrued expenses and other liabilities and due to brokers are deemed to be reasonable estimates of their fair values because of their short-term nature. See Note 4, “Investments and Related Matters,” and Note 5, “Fair Value Measurements,” for a detailed discussion of our investments. The fair value of our long-term debt is based on the quoted market prices for the same or similar issues or on the current rates offered to us for debt of the same remaining maturities. The carrying value and estimated fair value of our long-term debt as of March 31, 2013 was approximately $8.2 billion and $8.3 billion, respectively. The carrying value and estimated fair value of our long-term debt as of December 31, 2012 was approximately $8.5 billion and $8.6 billion, respectively. Restricted Cash Our restricted cash balance was approximately $1.3 billion and $0.7 billion as of March 31, 2013 and December 31, 2012, respectively. Adoption of New Accounting Standards In December 2011, the FASB issued ASU No. 2011-11, which amends FASB ASC Topic 210, Balance Sheet. This ASU requires companies to disclose both gross and net information about instruments and transactions eligible for offset in the statement of financial position as well as instruments and transactions subject to an agreement similar to a master netting arrangement. In January 2013, the FASB issued ASU No. 2013-01, Balance Sheet (Topic 210) - Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. This ASU limits the scope of the original guidance. These ASUs are effective retrospectively for interim and annual periods beginning on or after January 1, 2013. We adopted these additional disclosure requirements effective January 1, 2013 which had minimal impact on our disclosures. In February 2013, the FASB issued ASU No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income. This ASU requires an entity to provide information about amounts reclassified out of accumulated other comprehensive income by component. The guidance is effective prospectively for interim and annual periods beginning after December 15, 2012. We adopted these additional disclosure requirements effective January 1, 2013. See Note15, "Changes in Accumulated Other Comprehensive Loss," for additional information. Recently Issued Accounting Standards In February 2013, the FASB issued ASU No. 2013-04, which amends FASB ASC Topic 405, Liabilities. This ASU requires the measurement of obligations resulting from joint and several liability arrangements for which the total amount of the obligation is fixed at the reporting date as the sum of (1) the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors and (2) any additional amount the reporting entity expects to pay on behalf of its co-obligors. This guidance also requires the disclosure of the nature and amount of the obligation as well as other information about those obligations. The guidance is effective for interim and annual periods beginning after December 15, 2013. We anticipate that the adoption of this guidance will not have a material impact on our consolidated financial position, results of operations and cash flows. In March 2013, the FASB issued ASU No. 2013-05, which amends FASB ASC Topic 830, Foreign Currency Matters. This ASU resolves the accounting for certain foreign currency matters with respect to the release of cumulative translation adjustment into net income within a foreign entity under certain circumstances. This ASU is effective prospectively for fiscal years (and interim reporting periods within those years) beginning after December 15, 2013. This ASU should be applied prospectively to derecognition events occurring after the effective date. Early adoption is permitted provided that if the entity early adopts this guidance, it apply them as of the beginning of the entity's fiscal year of adoption. The adoption of this ASU will not have a material impact on our consolidated financial position, results of operations or cash flows. Filing Status of Subsidiaries Federal-Mogul Corporation (“Federal-Mogul”), CVR, American Railcar Industries, Inc. (“ARI”) and Tropicana Entertainment Inc. (“Tropicana”) are each a public reporting entity under the Securities Exchange Act of 1934, as amended, and file annual, quarterly and current reports and proxy and information statements with the Securities and Exchange Commission ("SEC"). Each of these reports is publicly available at www.sec.gov.

- Definition

The entire disclosure for the organization, consolidation and basis of presentation of financial statements disclosure, and significant accounting policies of the reporting entity. May be provided in more than one note to the financial statements, as long as users are provided with an understanding of (1) the significant judgments and assumptions made by an enterprise in determining whether it must consolidate a VIE and/or disclose information about its involvement with a VIE, (2) the nature of restrictions on a consolidated VIE's assets reported by an enterprise in its statement of financial position, including the carrying amounts of such assets, (3) the nature of, and changes in, the risks associated with an enterprise's involvement with the VIE, and (4) how an enterprise's involvement with the VIE affects the enterprise's financial position, financial performance, and cash flows. Describes procedure if disclosures are provided in more than one note to the financial statements.

+ References + Details

Operating Units	3 Months Ended
Operating Units	Mar. 31, 2013
Operating Units [Abstract]
Operating Units	Operating Units. Investment Icahn Onshore LP and Icahn Offshore LP (together, the “General Partners”) act as general partner of Icahn Partners LP ("Icahn Partners") and the Master Funds (as defined herein), respectively. The General Partners provide investment advisory and certain administrative and back office services to the Investment Funds (as defined below) but do not provide such services to any other entities, individuals or accounts. The “Master Funds” consist of (i) Master Fund I, (ii) Master Fund II and (iii) Master Fund III. Icahn Partners and the Master Funds are collectively referred to herein as the “Investment Funds.” Interests in the Investment Funds are not offered to outside investors. We had interests in the Investment Funds with a fair value of approximately $2.6 billion and $2.4 billion as of March 31, 2013 and December 31, 2012, respectively. Mr. Icahn and his affiliates (excluding Icahn Enterprises and Icahn Enterprises Holdings) had direct investments in the Investment Funds of approximately $3.9 billion and $3.5 billion as of March 31, 2013, and December 31, 2012, respectively. Automotive We conduct our Automotive segment through our majority ownership in Federal-Mogul. Federal-Mogul is a leading global supplier of technology and innovation in vehicle and industrial products for fuel economy, emissions reduction and safety systems. Federal-Mogul serves the world's foremost original equipment manufacturers (“OEM”) and servicers (“OES”) (collectively “OE”) of automotive, light, medium and heavy-duty commercial vehicles, off-road, agricultural, marine, rail, aerospace, power generation and industrial equipment, as well as the worldwide aftermarket. Effective September 1, 2012, Federal-Mogul began operating with two end-customer focused business units. The Powertrain (“PT”) unit focuses on original equipment powertrain and systems protection products for automotive, heavy-duty and industrial applications. The Vehicle Components Solutions (“VCS”) unit sells and distributes a broad portfolio of products in the global vehicle aftermarket and OES market, while also serving OEMs with vehicle products including brake friction, chassis, wipers and other vehicle components. The new organizational model allows for a strong product line focus benefiting both original equipment and aftermarket customers and will enable the global Federal-Mogul teams to be responsive to customers' needs for superior products and to promote greater identification with Federal-Mogul premium brands. The division of the global Federal-Mogul business into two business units is expected to enhance management focus to capitalize on opportunities for organic or acquisition growth, profit improvement, resource utilization and business model optimization in line with the unique requirements of the two different customer bases. As of March 31, 2013, we owned approximately 77.6% of the total outstanding common stock of Federal-Mogul. Accounts Receivable, net Federal-Mogul's subsidiaries in Brazil, France, Germany, Italy, Japan and the United States are party to accounts receivable factoring and securitization facilities. Gross accounts receivable transferred under these facilities were $248 million and $217 million as of March 31, 2013 and December 31, 2012, respectively. Of those gross amounts, $244 million and $216 million, respectively, qualify as sales as defined in FASB ASC Topic 860, Transfers and Servicing. The remaining transferred receivables were pledged as collateral and accounted for as secured borrowings and recorded in the consolidated balance sheets within accounts receivable, net and debt. Under the terms of these facilities, Federal-Mogul is not obligated to draw cash immediately upon the transfer of accounts receivable. As of both March 31, 2013 and December 31, 2012, Federal-Mogul had no outstanding transferred receivables for which cash had not yet been drawn. Proceeds from the transfers of accounts receivable qualifying as sales were approximately $333 million and $414 million for the three months ended March 31, 2013 and 2012, respectively. For the three months ended March 31, 2013 and 2012, expenses associated with transfers of receivables were $1 million and $2 million, respectively, and were recorded in the consolidated statements of operations within other income, net. Where Federal-Mogul receives a fee to service and monitor these transferred receivables, such fees are sufficient to offset the costs and as such, a servicing asset or liability is not incurred as a result of such activities. Certain of the facilities contain terms that require Federal-Mogul to share in the credit risk of the sold receivables. The maximum exposures to Federal-Mogul associated with certain of these facilities' terms were $29 million and $19 million at March 31, 2013 and December 31, 2012, respectively. Based on Federal-Mogul's analysis of the creditworthiness of its customers on which such receivables were sold and outstanding as of March 31, 2013 and December 31, 2012, Federal-Mogul estimated the loss to be immaterial. Restructuring In June 2012, Federal-Mogul announced a restructuring plan ("Restructuring 2012") to reduce or eliminate capacity at several high-cost VCS facilities and transfer production to lower-cost locations. Restructuring 2012 is anticipated to be completed within two years. In connection Restructuring 2012, Federal-Mogul recorded $1 million in restructuring charges for the three months ended March 31, 2013, all of which pertain to employee costs. In February 2013, Federal-Mogul's Board of Directors approved the evaluation of restructuring opportunities in order to improve operating performance. Federal-Mogul obtained its Board of Director's approval to commence a restructuring plan ("Restructuring 2013"). Restructuring 2013 is intended to take place between 2013 and 2015 with an expected total cost of $82 million, of which $65 million and $17 million pertains to employee costs and facility costs, respectively. In connection with Restructuring 2013, Federal-Mogul recorded $7 million in restructuring charges for the three months ended March 31, 2013, all of which pertain to employee costs. Energy We conduct our Energy segment through our majority ownership in CVR. We acquired a controlling interest in CVR on May 4, 2012. CVR is a diversified holding company primarily engaged in the petroleum refining and nitrogen fertilizer manufacturing industries through its holdings in CVR Refining, LP (“CVR Refining”) and CVR Partners, LP (“CVR Partners”), respectively. CVR Refining is an independent petroleum refiner and marketer of high value transportation fuels. CVR Partners produces nitrogen fertilizers in the form of ammonia and urea ammonium nitrate ("UAN"). As of March 31, 2013, CVR owned the general partner and approximately 81% of the common units of CVR Refining (following the initial public offering of CVR Refining ("CVR Refining IPO") as discussed below) and approximately 70% of the common units of CVR Partners. On January 23, 2013, CVR Refining completed its initial public offering of its common units representing limited partner interests, resulting in gross proceeds of $600 million, before giving effect to underwriting discounts and other offering expenses. Included in these proceeds is $100 million paid by us for the purchase of common units of CVR Refining in connection with this offering. Additionally, on January 30, 2013, the underwriters closed their option to purchase additional common units of CVR Refining, resulting in gross proceeds of $90 million, before giving effect to underwriting discounts and other offering costs. Following the CVR Refining IPO, CVR indirectly owned approximately 81% of CVR Refining's outstanding common units and 100% of the Partnership's general partner, which holds a non-economic general partner interest. As of March 31, 2013, we owned 82.0% of the total outstanding common stock of CVR. In addition, as of March 31, 2013, as a result of purchasing common units of CVR Refining as discussed above, we owned approximately 2.7% of the total outstanding common stock of CVR Refining. Petroleum business. The petroleum business consists of CVR's interest in CVR Refining. CVR's petroleum business includes a 115,000 barrels per day ("bpd") complex full coking medium-sour crude oil refinery in Coffeyville, Kansas and a 70,000 bpd crude oil unit refinery in Wynnewood, Oklahoma. The combined production capacity represents approximately 22% of the region's refining capacity. The Coffeyville refinery is situated on approximately 440 acres in southeast Kansas, approximately 100 miles from Cushing, Oklahoma, a major crude oil trading and storage hub. The Wynnewood refinery is situated on approximately 400 acres located approximately 65 miles south of Oklahoma City, Oklahoma and approximately 130 miles from Cushing, Oklahoma. In addition to the refineries, CVR's petroleum business owns and operates the following: (1) a crude oil gathering system with a gathering capacity of approximately 50,000 bpd serving Kansas, Oklahoma, Missouri, Nebraska and Texas, (2) a rack marketing division supplying product through tanker trucks directly to customers located in close geographic proximity to Coffeyville, Kansas and Wynnewood, Oklahoma and at throughput terminals on Magellan and NuStar Energy, LP's ("NuStar") refined products distribution systems, (3) a 145,000 bpd pipeline system (supported by approximately 350 miles of CVR's owned and leased pipeline) that transports crude oil to its Coffeyville refinery from its Broome Station tank farm and associated crude oil storage tanks with a capacity of 1.2 million barrels, (4) crude oil storage tanks with a capacity of 0.5 million barrels in Wynnewood, Oklahoma, (5) an additional 3.3 million barrels of leased storage capacity located in Cushing, Oklahoma and other locations and (6) 1.0 million barrels of company owned crude oil storage in Cushing, Oklahoma. Nitrogen fertilizer business. The nitrogen fertilizer business consists of CVR's interest in CVR Partners. The nitrogen fertilizer business consists of a nitrogen fertilizer manufacturing facility that is the only operation in North America that utilizes a petroleum coke, or pet coke, gasification process to produce nitrogen fertilizer. The facility includes a 1,225 ton-per-day ammonia unit, a 3,000 ton-per-day UAN unit and a gasifier complex having a capacity of 84 million standard cubic feet per day of hydrogen. The gasifier is a dual-train facility, with each gasifier able to function independently of the other, thereby providing redundancy and improving reliability. Metals We conduct our Metals segment through our indirect wholly owned subsidiary, PSC Metals, Inc. (“PSC Metals”). PSC Metals collects industrial and obsolete scrap metal, processes it into reusable forms and supplies the recycled metals to its customers including electric-arc furnace mills, integrated steel mills, foundries, secondary smelters and metals brokers. PSC Metals' ferrous products include busheling, plate and structural, shredded, sheared and bundled scrap metal and other purchased scrap metal such as turnings (steel machining fragments), cast furnace iron and broken furnace iron. PSC Metals processes the scrap into a size, density and purity required by customers to meet their production needs. PSC Metals also processes non-ferrous metals including aluminum, copper, brass, stainless steel and nickel-bearing metals. Non-ferrous products are a significant raw material in the production of aluminum and copper alloys used in manufacturing. PSC Metals also operates a steel products business that includes the supply of secondary plate and structural grade pipe that is sold into niche markets for counterweights, piling and foundations, construction materials and infrastructure end-markets. Railcar We conduct our Railcar segment through our majority ownership in ARI and our indirect wholly-owned subsidiary AEP Leasing LLC ("AEP Leasing"). ARI manufactures railcars, which are offered for sale or lease, custom designed railcar parts and other industrial products, primarily aluminum and special alloy steel castings. These products are sold to various types of companies including leasing companies, railroads, industrial companies and other non-rail companies. ARI leases railcars that it manufactures to certain markets. ARI provides railcar repair and maintenance services for railcar fleets. In addition, ARI provides fleet management, maintenance, engineering and field services for railcars owned by certain customers. Such services include maintenance planning, project management, tracking and tracing, regulatory compliance, mileage audit, rolling stock taxes and online service access. On August 17, 2012, AEP Leasing was formed for the purpose of leasing railcars. AEP Leasing's business is managed by American Railcar Leasing LLC ("ARL"), an entity controlled by Mr. Icahn and which also manages ARI's leasing business. AEP Leasing began purchasing railcars from ARI in the third quarter of 2012 with terms and pricing not less favorable to ARI than the terms and pricing available to unaffiliated third parties. Transactions between AEP Leasing and ARI have been eliminated in consolidation. As of March 31, 2013, we owned approximately 55.6% of the total outstanding common stock of ARI. Gaming We conduct our Gaming segment through our majority ownership in Tropicana. Tropicana currently owns and operates a diversified, multi-jurisdictional collection of casino gaming properties. The eight casino facilities it operates feature approximately 372,000 square feet of gaming space with 7,100 slot machines, 210 table games and 6,000 hotel rooms with three casino facilities located in Nevada and one in each of Mississippi, Indiana, Louisiana, New Jersey and Aruba. As of March 31, 2013, we owned approximately 67.9% of the total outstanding common stock of Tropicana. Food Packaging We conduct our Food Packaging segment through our majority ownership in Viskase Companies, Inc. ("Viskase"). Viskase is a worldwide leader in the production and sale of cellulosic, fibrous and plastic casings for the processed meat and poultry industry. Viskase currently operates eight manufacturing facilities and ten distribution centers throughout North America, Europe, South America and Asia and derives approximately 73% of its total net sales from customers located outside the United States. As of March 31, 2013, we owned approximately 70.8% of the total outstanding common stock of Viskase. Real Estate Our Real Estate segment consists of rental real estate, property development and resort activities. As of March 31, 2013, we owned 29 commercial rental real estate properties. Our property development operations are run primarily through Bayswater Development LLC, a real estate investment, management and development subsidiary that focuses primarily on the construction and sale of single-family and multi-family homes, lots in subdivisions and planned communities and raw land for residential development. Our New Seabury development property in Cape Cod, Massachusetts and our Grand Harbor and Oak Harbor development property in Vero Beach, Florida include land for future residential development of approximately 322 and 870 units of residential housing, respectively. Both developments operate golf and resort operations as well. In addition, our Real Estate segment owns an unfinished development property which is located on approximately 23 acres in Las Vegas, Nevada. As of March 31, 2013 and December 31, 2012, $72 million and $73 million, respectively, of the net investment in financing leases and net real estate leased to others which is included in property, plant and equipment, net, were pledged to collateralize the payment of nonrecourse mortgages payable. Home Fashion We conduct our Home Fashion segment through our indirect wholly owned subsidiary, WestPoint Home LLC (“WPH”), a manufacturer and distributor of home fashion consumer products. WPH is engaged in the business of manufacturing, sourcing, designing, marketing, distributing and selling home fashion consumer products. WPH markets a broad range of manufactured and sourced bed and bath products, including sheets, pillowcases, bedspreads, quilts, comforters and duvet covers, featherbeds, bath and beach towels, bath accessories, bed skirts, bed pillows, flocked blankets, woven blankets and throws, and mattress pads. WPH recognizes revenue primarily through the sale of home fashion products to a variety of retail and institutional customers. In addition, WPH receives a small portion of its revenues through the licensing of its trademarks. WPH has transitioned a significant majority of its manufacturing to low-cost countries but continues to maintain its corporate offices and certain distribution operations in the United States.

Related Party Transactions	3 Months Ended
Related Party Transactions	Mar. 31, 2013
Related Party Transaction [Line Items]
Related Party Transactions	Related Party Transactions. Our amended and restated agreement of limited partnership expressly permits us to enter into transactions with our general partner or any of its affiliates, including, without limitation, 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 Mr. Icahn, along with his affiliates (excluding Icahn Enterprises and Icahn Enterprises Holdings), makes investments in the Investment Funds. As of March 31, 2013 and December 31, 2012, the total fair market value of investments in the Investment Funds made by Mr. Icahn and his affiliates was approximately $3.9 billion and $3.5 billion, respectively. Effective April 1, 2011, based on an expense-sharing arrangement, certain expenses borne by Icahn Capital are reimbursed by the Investment Funds, generally when such expenses are paid. Such expenses relate to the operation, administration and investment activities of Icahn Capital for the benefit of the Investment Funds (including salaries, benefits and rent) and shall be allocated pro rata in accordance with each investor's capital accounts in the Investment Funds. For the three months ended March 31, 2013 and 2012, $27 million and $3 million, respectively, was allocated to the Investment Funds based on this expense-sharing arrangement. Railcar Agreements with American Railcar Leasing LLC Effective April 16, 2011, ARI entered into a fleet services agreement ("Railcar Services Agreement") with ARL, a company controlled by Mr. Icahn, for a term of three years that will automatically renew for additional one-year periods unless either party provides at least 60 days written prior notice of termination. As stipulated in the Railcar Services Agreement, ARI provides railcar repair, engineering, administrative and other services, on an as needed basis, for ARL's lease fleet at mutually agreed-upon prices. Railcar services revenues, included in other revenues from operations in our consolidated statements of operations, recorded by ARI were $5 million under this agreement for each of the three months ended March 31, 2013 and 2012, respectively. The terms and pricing on services to related parties are not less favorable to ARI than the terms and pricing on services provided to unaffiliated third parties. The Railcar Services Agreement was unanimously approved by the independent directors of ARI's audit committee on the basis that the terms were no less favorable than those terms that could have been obtained in a comparable transaction with an unaffiliated third party. On February 29, 2012, ARI entered into a railcar management agreement (the "ARI Railcar Management Agreement") with ARL, pursuant to which ARI engaged ARL to sell or lease ARI's railcars in certain markets, subject to the terms and conditions of the ARI Railcar Management Agreement. The ARI Railcar Management Agreement was effective as of January 1, 2011, will continue through December 31, 2015 and may be renewed upon written agreement by both parties. In December 2012, a subsidiary of ARI entered into a similar agreement with ARL with a term of five years. On August 30, 2012, AEP Leasing entered into a railcar management agreement with ARL (the "AEP Railcar Management Agreement" and together with the ARI Railcar Management Agreement, the "Railcar Management Agreements"), pursuant to which AEP Leasing engaged ARL to sell or lease AEP Leasing's railcars in certain markets, subject to the terms and conditions of the AEP Railcar Management Agreement. The AEP Railcar Management Agreement was effective as of August 30, 2012, will continue through December 31, 2022 and may be renewed upon written agreement by both parties. The Railcar Management Agreements also provide that ARL will manage ARI's and AEP Leasing's leased railcars including arranging for services, such as repairs or maintenance, as deemed necessary. Subject to the terms and conditions of the agreement, ARL will receive, in respect of leased railcars, a fee consisting of a lease origination fee and a management fee based on the lease revenues, and, in respect of railcars sold by ARL, sales commissions. The ARI Railcar Management Agreement was unanimously approved by ARI's special committee and Icahn Enterprises' audit committee who were advised by independent counsel and an independent financial advisor. The AEP Railcar Management Agreement was unanimously approved by Icahn Enterprises' audit committee was advised by independent counsel and an independent financial advisor. Each of the Railcar Management Agreements was approved by the applicable special or audit committees on the basis that the terms of the Railcar Management Agreements were not materially less favorable than those terms that could have been obtained in a comparable transaction with an unaffiliated third party. Combined fees incurred by ARI and AEP Leasing in connection with the Railcar Management Agreements were immaterial for each of the three months ended March 31, 2013 and 2012. As of March 31, 2013 and December 31, 2012, our Railcar segment had accounts receivable of $3 million and $2 million, respectively, due from ARL. These amounts are included in other assets in our consolidated balance sheets. Insight Portfolio Group LLC (formerly known as Icahn Sourcing, LLC) Icahn Sourcing, LLC ("Icahn Sourcing") is an entity formed and controlled by Mr. Icahn in order to maximize the potential buying power of a group of entities with which Mr. Icahn has a relationship in negotiating with a wide range of suppliers of goods, services and tangible and intangible property at negotiated rates. Icahn Enterprises was a member of the buying group in 2012. Prior to December 31, 2012 Icahn Enterprises did not pay Icahn Sourcing any fees or other amounts with respect to the buying group arrangement. In December, 2012, Icahn Sourcing advised Icahn Enterprises that effective January 1, 2013 it would restructure its ownership and change its name to Insight Portfolio Group LLC (“Insight Portfolio Group”). In connection with the restructuring, Icahn Enterprises Holdings acquired a minority equity interest in Insight Portfolio Group and agreed to pay a portion of Insight Portfolio Group's operating expenses in 2013. In addition to the minority equity interest held by Icahn Enterprises Holdings, certain subsidiaries of Icahn Enterprises Holdings, including Federal-Mogul, CVR, Tropicana, ARI, Viskase, PSC Metals and WPH also acquired minority equity interests in Insight Portfolio Group and agreed to pay a portion of Insight Portfolio Group's operating expenses in 2013. A number of other entities with which Mr. Icahn has a relationship also acquired equity interests in Insight Portfolio Group and also agreed to pay certain of Insight Portfolio Group's operating expenses in 2013.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39678-107864

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(k))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph b
-Article 3A

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph k
-Article 4

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 57
-Paragraph 1-4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Investments and Related Matters

3 Months Ended

Mar. 31, 2013

Investments and Related Matters [Abstract]

Investments and Related Matters

Investments and Related Matters.

Investment

Investments, and securities sold, not yet purchased consist of equities, bonds, bank debt and other corporate obligations, and derivatives, all of which are reported at fair value in our consolidated balance sheets. See Note 5, "Fair Value Measurements-Investment," for details of the investments for our Investment segment.

Our Investment segment assesses the applicability of equity method accounting with respect to their investments based on a combination of qualitative and quantitative factors, including overall stock ownership of the Investment Funds combined with those of our affiliates along with board of directors representation.

Our Investment segment applied the fair value option to certain of its investments that would have otherwise been subject to the equity method of accounting. As of March 31, 2013, the fair value of these investments was $354 million. During the three months ended March 31, 2013 and 2012, our Investment segment recorded gains of $40 million and $121 million, respectively, associated with these investments. Such amounts are included in net gain from investment activities in our consolidated statements of operations. Included in these investment gains and losses is the Investment Funds' gains and losses in The Hain Celestial Group, Inc. (“Hain”) and Metro-Golden-Mayer Inc. ("MGM"). As of March 31, 2013, the Investment Funds, together with their affiliates held, in the aggregate, approximately 16% of the outstanding shares of Hain. As of March 31, 2013, the Investment Funds no longer held any shares of MGM. The General Partners have applied the fair value option to their investments in Hain and previously to MGM.

We believe that these investments to which we applied the fair value option are not material, individually or in the aggregate, to our consolidated financial statements. Hain is a registered SEC reporting companies whose financial statements are available at www.sec.gov.

Other Segments

The carrying value of investments held by our Automotive, Gaming, Railcar and Home Fashion segments and our Holding Company consist of the following:



	March 31, 2013		December 31, 2012
	(in millions)
Equity method investments	$	303	$	299
Other investments	161		108
	$	464	$	407

Our Holding Company applies the fair value option to its investments that would otherwise be subject to the equity method of accounting. We record unrealized gains and losses for the change in fair value of such investments as a component of net gain from investment activities in the consolidated statements of operations. We believe that these investments, individually, or in the aggregate, are not material to our consolidated financial statements.

Fair Value Measurements

3 Months Ended

Mar. 31, 2013

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Measurements.

U.S. GAAP requires enhanced disclosures about investments and non-recurring non-financial assets and non-financial 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 investments or non-financial assets and liabilities at fair value. Market price observability is impacted by a number of factors, including the type of investment and the characteristics specific to the investment. Investments 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.

Investments and non-financial assets and/or 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 investments as of the reporting date. The types of investments included in Level 1 include listed equities and listed derivatives. We do not adjust the quoted price for these investments, even in situations where we hold a large position.

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. Investments that are generally included in this category include corporate bonds and loans, less liquid and restricted equity securities and certain over-the-counter derivatives. The inputs and assumptions of our Level 2 investments are derived from market observable sources including: reported trades, broker/dealer quotes and other pertinent data.

Level 3 - Pricing inputs are unobservable for the investment and non-financial asset and/or liability and include situations where there is little, if any, market activity for the investment or non-financial asset and/or liability. 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, an investment's 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 considers factors specific to the investment. 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.

Investment

The following table summarizes the valuation of the Investment Funds' investments and derivative contracts by the above fair value hierarchy levels as of March 31, 2013 and December 31, 2012:



	March 31, 2013								December 31, 2012
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets	(in millions)
Investments:
Equity securities:
Basic materials	$	53	$	9	$	—	$	62	$	144	$	9	$	—	$	153
Communications	1,036		14		—		1,050		560		16		—		576
Consumer, non-cyclical	1,894		—		—		1,894		1,340		—		—		1,340
Consumer, cyclical	337		—		—		337		261		—		—		261
Diversified	28		—		—		28		—		—		—		—
Energy	1,921		19		—		1,940		1,052		55		—		1,107
Financial	234		—		—		234		244		—		—		244
Funds	—		—		—		—		—		308		—		308
Technology	641		525		—		1,166		325		—		—		325
Utilities	2		—		—		2		208		—		—		208
	6,146		567		—		6,713		4,134		388		—		4,522
Corporate debt:
Consumer, cyclical	—		—		290		290		—		—		288		288
Financial	—		15		—		15		—		50		—		50
Sovereign debt	—		3		—		3		—		5		—		5
Utilities	—		30		—		30		—		31		—		31
	—		48		290		338		—		86		288		374
Mortgage-backed securities:
Financial	—		175		—		175		—		188		—		188
	6,146		790		290		7,226		4,134		662		288		5,084
Derivative contracts, at fair value⁽¹⁾	—		1		—		1		—		—		—		—
	$	6,146	$	791	$	290	$	7,227	$	4,134	$	662	$	288	$	5,084
Liabilities
Securities sold, not yet purchased, at fair value:
Equity securities:
Consumer, cyclical	$	620	$	—	$	—	$	620	$	473	$	—	$	—	$	473
Funds	—		—		—		—		—		60		—		60
	620		—		—		620		473		60		—		533
Derivative contracts, at fair value⁽²⁾	—		478		—		478		—		84		—		84
	$	620	$	478	$	—	$	1,098	$	473	$	144	$	—	$	617


⁽¹⁾	Included in other assets in our consolidated balance sheets.


⁽²⁾	Included in accrued expenses and other liabilities in our consolidated balance sheets.

The changes in investments measured at fair value for which our Investment segment has used Level 3 input to determine fair value are as follows:



	Three Months Ended March 31,
	2013			2012
	(in millions)
Balance at January 1	$	288		$	289
Gross realized and unrealized gains (losses)	4			(13		)
Gross proceeds	(2		)	(3		)
Balance at March 31	$	290		$	273

Unrealized gains of $4 million are included in earnings related to Level 3 investments still held at March 31, 2013. Total realized and unrealized gains and losses recorded for Level 3 investments, if any, are reported in net gain from investment activities in our consolidated statements of operations.

The Investment Funds held one Level 3 corporate debt investment at March 31, 2013. Fair value was determined through yield analysis of comparable loans to which we applied a risk premium that we determined to be appropriate, which resulted in a lower valuation for our Level 3 investment. Adjusting the risk premium by 1% in either direction would result in a 2% change in the fair value of the loan.

Other Segments and Holding Company

The following table summarizes the valuation of our Automotive and Energy segments and our Holding Company investments, derivative contracts and other liabilities by the above fair value hierarchy levels as of March 31, 2013 and December 31, 2012:



	March 31, 2013								December 31, 2012
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets	(in millions)
Marketable equity and debt securities	$	1	$	—	$	—	$	1	$	1	$	—	$	—	$	1
Trading securities	—		—		125		125		—		—		60		60
Derivative contracts, at fair value⁽¹⁾	—		1		—		1		—		1		21		22
	$	1	$	1	$	125	$	127	$	1	$	1	$	81	$	83
Liabilities
Other liabilities	$	—	$	32	$	—	$	32	$	—	$	1	$	—	$	1
Derivative contracts, at fair value⁽²⁾	—		45		—		45		—		89		—		89
	$	—	$	77	$	—	$	77	$	—	$	90	$	—	$	90


⁽¹⁾	Amounts are classified within other assets in our consolidated balance sheets.


⁽²⁾	Amounts are classified within accrued expenses and other liabilities in our consolidated balance sheets.

The changes in trading securities measured at fair value for which our Holding Company have used Level 3 input to determine fair value are as follows:



	Three Months Ended March 31,
	2013			2012
	(in millions)
Balance at January 1	$	81		$	—
Purchase	46			—
Gross unrealized losses	(2		)	—
Balance at March 31	$	125		$	—

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13537-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14064-108612

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13504-108611

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15B
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 44A, 44B
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 17-22, 27, 28
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15A
-Subparagraph a-d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15C, 15D
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32, 33, 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 3, 10, 14, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Financial Instruments

3 Months Ended

Mar. 31, 2013

Financial Instruments [Abstract]

Financial Instruments

Financial Instruments.

Certain derivative contracts with a single counterparty executed by the Investment Funds, our Automotive or Energy segments, or by our Holding Company 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. As a result, the net exposure to counterparties is reported in either other assets or accrued expenses and other liabilities in our consolidated balance sheets.

Investment Segment and Holding Company

The Investment Funds currently maintain cash deposits and cash equivalents with financial institutions. Certain account balances may not be covered by the Federal Deposit Insurance Corporation, while other accounts may exceed federally insured limits. The Investment Funds have prime broker arrangements in place with multiple prime brokers as well as a custodian bank. The Investment Funds also have relationships with several financial institutions with which they trade derivative and other financial instruments.

In the normal course of business, the Investment Funds and the Holding Company 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 Fund's and the Holding Company's 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.

Securities sold, not yet purchased, at fair value represent obligations to deliver the specified security, thereby creating a liability to repurchase the security in the market at prevailing prices. Accordingly, these transactions result in off-balance-sheet risk, as the satisfaction of the obligations may exceed the amount recognized in our consolidated balance sheets. Our investments in securities and amounts due from brokers are partially restricted until we satisfy the obligation to deliver the securities sold, not yet purchased.

The Investment Funds and the Holding Company may enter into derivative contracts, including swap contracts, futures contracts and option contracts. The Investment Funds may also enter into foreign currency derivative contracts with the objective of capital appreciation or to economically hedge against foreign currency exchange rate risks on all or a portion of their non-U.S. dollar denominated investments.

The Investment Funds and the Holding Company 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 other payments, 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 LIBOR rate in effect for such period.

The Investment Funds and the Holding Company 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 and the Holding Company 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 and the Holding Company. When the contract is closed, the Investment Funds and the Holding Company 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 and the Holding Company 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' and the Holding Company's 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 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 gain or loss 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 consolidated balance sheets. At March 31, 2013, the maximum payout amounts relating to certain put options written by the Investment Funds were approximately $859 million. At December 31, 2012, the maximum payout amounts relating to certain put options written by the Investment Funds approximated $7.9 billion, of which approximately $6.8 billion related to covered put options on existing short positions on a certain stock index. As of March 31, 2013 and December 31, 2012, there were unrealized gains of $1 million and $180 million, respectively.

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. The aggregate fair value of all derivative instruments with credit-risk-related contingent features that are in a liability position at March 31, 2013 and December 31, 2012 was $478 million and $84 million, respectively.

At March 31, 2013 and December 31, 2012, the Investment Funds had $40 million and $148 million, respectively, posted as collateral for derivative positions, including those derivative instruments with credit-risk-related contingent features; these amounts are included in cash held at consolidated affiliated partnerships and restricted cash in our consolidated balance sheets.

U.S. GAAP requires the disclosure of information about obligations under certain guarantee arrangements. Such guarantee arrangements requiring disclosure include contracts that contingently require the guarantor to make payments to the guaranteed party based on another entity's failure to perform under an agreement as well as indirect guarantees of the indebtedness of others.

Each Investment Fund's assets may be held in one or more accounts maintained for the Investment Fund by its prime broker or at other brokers or custodian banks, which may be located in various jurisdictions. The prime broker and custodian banks are subject to various laws and regulations in the relevant jurisdictions in the event of their insolvency. Accordingly, the practical effect of these laws and their application to the Investment Fund's assets may be subject to substantial variations, limitations and uncertainties. The insolvency of any of the prime brokers, custodian banks or clearing corporations may result in the loss of all or a substantial portion of the Investment Fund's assets or in a significant delay in the Investment Fund's having access to those assets.

Credit concentrations may arise from investment activities and may be impacted by changes in economic, industry or political factors. The Investment Funds and the Holding Company routinely execute transactions with counterparties in the financial services industry, resulting in credit concentration with respect to this industry. In the ordinary course of business, the Investment Funds and the Holding Company may also be subject to a concentration of credit risk to a particular counterparty.

The Investment Funds and the Holding Company seek to mitigate these risks by actively monitoring exposures, collateral requirements and the creditworthiness of our counterparties.

Automotive

Interest Rate Risk

During 2008, Federal-Mogul entered into a series of five-year interest rate swap agreements with a total notional value of $1,190 million to hedge the variability of interest payments associated with its variable-rate term loans. During the first quarter of 2013, the majority of these interest swap agreements expired. As of March 31, 2013 the remaining five-year interest swap agreements have a total notional value of $140 million. As of March 31, 2013 and December 31, 2012, unrealized net losses of $2 million and $10 million, respectively, were recorded in accumulated other comprehensive loss as a result of these hedges. As of March 31, 2013, losses of $2 million are expected to be reclassified from accumulated other comprehensive loss to the consolidated statement of operations within the next 9 months.

These interest rate swaps reduce Federal-Mogul's overall interest rate risk. However, due to the remaining outstanding borrowings on Federal-Mogul's debt facilities and other borrowing facilities that continue to have variable interest rates, management believes that interest rate risk to Federal-Mogul could be material if there are significant adverse changes in interest rates. To the extent that interest rates change by 25 basis points, Federal-Mogul's annual interest expense would show a corresponding change of approximately $7 million and $2 million for the years 2014 and 2015, respectively, representing the term of Federal-Mogul's variable-rate term loans.

Commodity Price Risk

Federal-Mogul's production processes are dependent upon the supply of certain raw materials that are exposed to price fluctuations on the open market. The primary purpose of Federal-Mogul's commodity price forward contract activity is to manage the volatility associated with forecasted purchases. Federal-Mogul monitors its commodity price risk exposures regularly to maximize the overall effectiveness of its commodity forward contracts. Principal raw materials hedged include natural gas, copper, nickel, tin, zinc, high-grade aluminum and aluminum alloy. Forward contracts are used to mitigate commodity price risk associated with raw materials, generally related to purchases forecast for up to 15 months in the future.

Federal-Mogul had commodity price hedge contracts outstanding with combined notional values of $52 million and $45 million at March 31, 2013 and December 31, 2012, respectively, substantially all of which mature within one year in each of the respective periods and substantially all were designated as hedging instruments for accounting purposes. Unrealized net (losses) gains of $(1) million and $1 million were recorded in accumulated other comprehensive loss as of March 31, 2013 and December 31, 2012, respectively.

Foreign Currency Risk

Federal-Mogul manufactures and sells its products in North America, South America, Asia, Europe and Africa. As a result, Federal-Mogul's financial results can be significantly affected by factors such as changes in foreign currency exchange rates or weak economic conditions in foreign markets in which Federal-Mogul manufactures and sells its products. Federal-Mogul's operating results are primarily exposed to changes in exchange rates between the U.S. dollar and European currencies.

Federal-Mogul generally tries to use natural hedges within its foreign currency activities, including the matching of revenues and costs, to minimize foreign currency risk. Where natural hedges are not in place, Federal-Mogul considers managing certain aspects of its foreign currency activities and larger transactions through the use of foreign currency options or forward contracts. Principal currencies hedged have historically included the euro, British pound and Polish zloty. Federal-Mogul had notional values of $126 million and $160 million of foreign currency hedge contracts outstanding at March 31, 2013 and December 31, 2012, respectively, of which $14 million and $11 million, respectively, were designated as cash flow hedging instruments for accounting purposes. Unrealized net gains of zero and $1 million were recorded in accumulated other comprehensive loss as of March 31, 2013 and December 31, 2012, respectively, for the contracts designated as hedging instruments. The remaining outstanding contracts as of March 31, 2013 were entered into by Federal-Mogul in order to offset fluctuations in consolidated earnings caused by changes in currency rates used to translate earnings at foreign subsidiaries into U.S. dollars over the next 12 months. These contracts are not designated as hedging instruments for accounting purposes and are marked to market through the income statement. Unrealized gains of $3 million related to these contracts were recorded in other income, net for the three months ended March 31, 2013.

Concentrations of Credit Risk

Financial instruments, which potentially subject Federal-Mogul to concentrations of credit risk, consist primarily of accounts receivable and cash investments. Federal-Mogul's customer base includes virtually every significant global light and commercial vehicle manufacturer and a large number of distributors, installers and retailers of automotive aftermarket parts. Federal-Mogul's credit evaluation process and the geographical dispersion of sales transactions help to mitigate credit risk concentration. No individual customer accounted for more than 6% of Federal-Mogul's direct sales during the three months ended March 31, 2013. Federal-Mogul had one VCS customer that accounted for 18% of its net accounts receivable balance as of March 31, 2013. Federal-Mogul requires placement of cash in financial institutions evaluated as highly creditworthy.

Energy

CVR is subject to price fluctuations caused by supply conditions, weather, economic conditions, interest rate fluctuations and other factors. To manage price risk on crude oil and other inventories and to fix margins on certain future production, CVR from time to time enters into various commodity derivative transactions.

CVR has adopted accounting standards which impose extensive record-keeping requirements in order to designate a derivative financial instrument as a hedge. CVR holds derivative instruments, such as exchange-traded crude oil futures and certain over-the-counter forward swap agreements, which it believes provide an economic hedge on future transactions, but such instruments are not designated as hedges for GAAP purposes. Gains or losses related to the change in fair value and periodic settlements of these derivative instruments are included in other (loss) income, net in the consolidated statement of operations.

CVR maintains a margin account to facilitate other commodity derivative activities. A portion of this account may include funds available for withdrawal. These funds are included in cash and cash equivalents within the consolidated balance sheets. The maintenance margin balance is included within other assets within consolidated balance sheets. Depending upon the position of the open commodity derivatives as of the reporting date, the amounts are classified either as an asset or liability within the consolidated balance sheets. From time to time, CVR may be required to deposit additional funds into this margin account. The fair value of the open commodity positions as of each of March 31, 2013 and December 31, 2012 was a net loss of less than $1 million which is included in accrued expenses and other liabilities. For the three months ended March 31, 2013, CVR recognized a net realized and unrealized loss of $2 million which is included in other (loss) income, net in the consolidated statements of operations.

Commodity Swap

In September 2011, CVR Refining entered into several commodity swap contracts with effective periods beginning in January 2012. The physical volumes are not exchanged and these contracts are net settled with cash. The contract fair value of the commodity swaps is reflected on the consolidated balance sheets with changes in fair value currently recognized in the consolidated statement of operations. Quoted prices for similar assets or liabilities in active markets (Level 2) are considered to determine the fair values for the purpose of marking to market the hedging instruments at each period end. As of March 31, 2013 and December 31, 2012, CVR had open commodity hedging instruments consisting of 22.8 million and 23.3 million barrels, respectively, of crack spreads primarily to fix the margin on a portion of its future gasoline and distillate production. The fair value of the outstanding contracts at March 31, 2013 and December 31, 2012 was a net liability of $34 million and $67 million, respectively. For the three months ended March 31, 2013, CVR recognized a net realized and unrealized loss of $18 million which is included in other (loss) income, net in the consolidated statements of operations.

Interest Rate Swap

On June 30 and July 1, 2011, Coffeyville Resources Nitrogen Fertilizers, LLC ("CRNF") entered into two floating-to-fixed interest rate swap agreements for the purpose of hedging the interest rate risk associated with a portion of its $125 million floating rate term debt which matures in April 2016. The aggregate notional amount covered under these agreements totals $63 million (split evenly between the two agreement dates) and commenced on August 12, 2011 and expires on February 12, 2016. Under the terms of the interest rate swap agreement entered into on June 30, 2011, CRNF will receive a floating rate based on three month LIBOR and pay a fixed rate of 1.94%. Under the terms of the interest rate swap agreement entered into on July 1, 2011, CRNF will receive a floating rate based on three month LIBOR and pay a fixed rate of 1.975%. Both swap agreements are settled every 90 days. The effect of these swap agreements is to lock in a fixed rate of interest of approximately 1.96% plus the applicable margin paid to lenders over three-month LIBOR as governed by the CRNF credit agreement. As of both March 31, 2013 and December 31, 2012, the effective rate was approximately 4.6%. The agreements were designated as cash flow hedges at inception and accordingly, the effective portion of the gain or loss on the swap is reported as a component of accumulated other comprehensive income (loss) and will be reclassified into interest expense when the interest rate swap transaction affects earnings. The ineffective portion of the gain or loss will be recognized immediately in current interest expense in the consolidated statement of operations. The realized loss on the interest rate swap reclassified from accumulated other comprehensive loss into interest expense was less than $1 million for the three months ended March 31, 2013.

Consolidated Derivative Information

At March 31, 2013, the volume of our derivative activities based on their notional exposure, categorized by primary underlying risk, are as follows:



	Long Notional Exposure		Short Notional Exposure
Primary underlying risk:	(in millions)
Equity swaps	$	2	$	6,128
Foreign currency forwards	126		2,162
Interest rate swap contracts	203		—
Commodity contracts	66		39

The following table presents the consolidated fair values of our derivatives that are not designated as hedging instruments:



	Asset Derivatives⁽¹⁾						Liability Derivatives⁽²⁾
Derivatives Not Designated as Hedging Instruments	March 31,			December 31,			March 31,			December 31,
Derivatives Not Designated as Hedging Instruments	2013			2012			2013			2012
	(in millions)
Equity contracts	$	—		$	21		$	483		$	35
Foreign exchange contracts	6			—			4			59
Commodity contracts	20			8			54			74
Sub-total	26			29			541			168
Netting across contract types⁽³⁾	(24		)	(7		)	(24		)	(7		)
Total⁽³⁾	$	2		$	22		$	517		$	161


⁽¹⁾	Net asset derivatives are located within other assets in our consolidated balance sheets.


⁽²⁾	Net liability derivatives are located within accrued expenses and other liabilities in our consolidated balance sheets.


⁽³⁾	Excludes netting of cash collateral received and posted. The total collateral posted at March 31, 2013 and December 31, 2012 was $40 million and $148 million, respectively, across all counterparties.

The following table presents the effects of our derivative instruments not designated as hedging instruments on the statements of operations for the three months ended March 31, 2013 and 2012:



	Gain (Loss) Recognized in Income⁽¹⁾
	Three Months Ended March 31,
Derivatives Not Designated as Hedging Instruments	2013			2012
	(in millions)
Equity contracts	$	(645	)	$	(399	)
Foreign exchange contracts	68			(41		)
Commodity contracts	(51		)	—
	$	(628	)	$	(440	)


⁽¹⁾	Gains (losses) recognized on derivatives are classified in net gain from investment activities in our consolidated statements of operations for our Investment segment and are included in other income (loss), net for all other segments.

The following table presents the fair values of our derivative instruments that are designated as cash flow hedging instruments:



	Asset Derivatives⁽¹⁾						Liability Derivatives⁽²⁾
Derivatives Designated as Cash Flow Hedging Instruments	March 31, 2013			December 31, 2012			March 31, 2013			December 31, 2012
	(in millions)
Interest rate swap contracts	$	—		$	—		$	5		$	13
Commodity contracts	1			2			2			1
Sub-total	1			2			7			14
Netting across contract types	(1		)	(2		)	(1		)	(2		)
Total	$	—		$	—		$	6		$	12


⁽¹⁾	Located within other assets in our consolidated balance sheets.


⁽²⁾	Located within accrued expenses and other liabilities in our consolidated balance sheets.

The following tables present the effect of our derivative instruments that are designated as cash flow hedging instruments on our consolidated financial statements for the three months ended March 31, 2013 and 2012:



Three Months Ended March 31, 2013
Derivatives Designated as Hedging Instruments	Amount of (Loss) Gain Recognized in OCI on Derivatives (Effective Portion)			Amount of (Loss) Gain Reclassified from AOCI into Income (Effective Portion)			Location of (Loss) Gain Reclassified from AOCI into Income (Effective Portion)
	(in millions)			(in millions)
Interest rate swap contracts	$	(1	)	$	(7	)	Interest expense
Commodity contracts	(2		)	—			Cost of goods sold
Foreign currency contracts	—			—
	$	(3	)	$	(7	)



Three Months Ended March 31, 2012
Derivatives Designated as Hedging Instruments	Amount of (Loss) Gain Recognized in OCI on Derivatives (Effective Portion)			Amount of (Loss) Gain Reclassified from AOCI into Income (Effective Portion)			Location of (Loss) Gain Reclassified from AOCI into Income (Effective Portion)
	(in millions)			(in millions)
Interest rate swap contracts	$	(3	)	$	(10	)	Interest expense
Commodity contracts	7			(3		)	Cost of goods sold
Foreign currency contracts	(3		)	—
	$	1		$	(13	)

Inventories, Net (Notes)

3 Months Ended

Mar. 31, 2013

Inventories, Net [Abstract]

Inventory Disclosure [Text Block]

Inventories, Net.

Inventories, net consists of the following:



	March 31, 2013		December 31, 2012
	(in millions)
Raw materials	$	490	$	495
Work in process	263		248
Finished goods	1,215		1,212
	$	1,968	$	1,955

Goodwill and Intangible Assets, Net

3 Months Ended

Mar. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

Goodwill and Intangible Assets, Net.

Goodwill consists of the following:



	March 31, 2013							December 31, 2012
	Gross Carrying Amount		Accumulated Impairment			Net Carrying Value		Gross Carrying Amount		Accumulated Impairment			Net Carrying Value
	(in millions)
Automotive	$	1,375	$	(226	)	$	1,149	$	1,368	$	(226	)	$	1,142
Energy	930		—			930		930		—			930
Railcar	7		—			7		7		—			7
Food Packaging	3		—			3		3		—			3
	$	2,315	$	(226	)	$	2,089	$	2,308	$	(226	)	$	2,082

Intangible assets, net consists of the following:



	March 31, 2013							December 31, 2012
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Value		Gross Carrying Amount		Accumulated Amortization			Net Carrying Value
	(in millions)
Definite-lived intangible assets:
Customer relationships	$	919	$	(254	)	$	665	$	921	$	(238	)	$	683
Developed technology	120		(59		)	61		121		(57		)	64
In-place leases	121		(46		)	75		121		(43		)	78
Gasification technology license	60		(2		)	58		60		(2		)	58
Other	47		(15		)	32		47		(15		)	32
	$	1,267	$	(376	)	$	891	$	1,270	$	(355	)	$	915
Indefinite-lived intangible assets:
Trademarks and brand names						$	260						$	262
Gaming licenses						29							29
						289							291
Intangible assets, net						$	1,180						$	1,206

We recorded amortization expense associated with definite-lived intangible assets for the three months ended March 31, 2013 and 2012 of $21 million and $15 million, respectively. We utilize the straight-line method of amortization, recognized over the estimated useful lives of the assets.

Automotive

During the three months ended March 31, 2013, we increased our Automotive segment's goodwill by $7 million and decreased definite-lived intangible assets by $3 million to adjust for the purchase price allocation relating to its BERU spark plug business acquisition in June 2012.

Railcar

We perform the annual goodwill impairment test as of March 1 of each year for our Railcar segment. For purposes of goodwill impairment testing, our Railcar segment's manufacturing reporting unit is the only reporting unit with allocated goodwill. We assess qualitative factors to determine whether it is more likely than not that the fair value of the reporting unit is greater than its carrying amount. If, however, we had determined that it was more likely than not that the fair value of the reporting unit was less than its carrying amount, then we would perform the first step of the two-step goodwill impairment test. In evaluating whether it is more likely than not that the fair value of the reporting unit is greater than its carrying amount, we considered various qualitative and quantitative factors, including macroeconomic conditions, railcar industry trends and the fact that our railcar manufacturing reporting unit has historical positive operating cash flows that we anticipate will continue. After assessing these factors, we determined that it was more likely than not the fair value of our railcar manufacturing reporting unit was greater than its carrying amount, and therefore no further testing was necessary.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Property, Plant and Equipment, Net

3 Months Ended

Mar. 31, 2013

Property, Plant and Equipment, Net [Abstract]

Property, Plant and Equipment, Net

Property, Plant and Equipment, Net.

Property, plant and equipment, net consists of the following:



	Useful Life	March 31, 2013			December 31, 2012
	(in years)	(in millions)
Land		$	461		$	465
Buildings and improvements	4 - 40	2,068			2,064
Machinery, equipment and furniture	1 - 30	4,682			4,519
Assets leased to others	15 - 39	836			743
Construction in progress		536			649
		8,583			8,440
Less: Accumulated depreciation and amortization		(2,012		)	(1,917		)
Property, plant and equipment, net		$	6,571		$	6,523

Depreciation and amortization expense related to property, plant and equipment for the three months ended March 31, 2013 and 2012 was $134 million and $85 million, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References + Details

Debt

3 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

Debt

Debt.

Debt consists of the following:



	Icahn Enterprises				Icahn Enterprises Holdings
	March 31, 2013		December 31, 2012		March 31, 2013		December 31, 2012
	(in millions)				(in millions)
8% senior unsecured notes due 2018 - Icahn Enterprises/Icahn Enterprises Holdings	$	2,475	$	2,476	$	2,470	$	2,471
7.75% senior unsecured notes due 2016 - Icahn Enterprises/Icahn Enterprises Holdings	1,050		1,050		1,047		1,047
Senior unsecured variable rate convertible notes due 2013 - Icahn Enterprises/Icahn Enterprises Holdings	556		556		556		556
Debt facilities - Automotive	2,738		2,738		2,738		2,738
Debt facilities - Energy	500		749		500		749
Credit facilities - Energy	125		125		125		125
Senior unsecured notes and secured term loan facility - Railcar	150		275		150		275
Credit facilities - Gaming	170		171		170		171
Senior secured notes and revolving credit facility - Food Packaging	214		214		214		214
Mortgages payable - Real Estate	69		70		69		70
Other	137		124		137		124
	$	8,184	$	8,548	$	8,176	$	8,540

Senior Unsecured Notes - Icahn Enterprises and Icahn Enterprises Holdings

8% Senior Unsecured Notes Due 2018 and 7.75% Senior Unsecured Notes Due 2016

On January 15, 2010, we and Icahn Enterprises Finance Corp. (“Icahn Enterprises Finance”) (collectively, the “Issuers”), issued $850 million aggregate principal amount of 7.75% Senior Unsecured Notes due 2016 (the “2016 Notes”) and $1,150 million aggregate principal amount of 8% Senior Unsecured Notes due 2018 (the “2018 Notes” and, together with the 2016 Notes, referred to as the “Initial Notes”) pursuant to the purchase agreement, dated January 12, 2010, by and among the Issuers, Icahn Enterprises Holdings, as guarantor (the “Guarantor”), and Jefferies & Company, Inc., as initial purchaser. The gross proceeds from the sale of the Initial Notes were $1,987 million, a portion of which was used to retire certain notes during 2010. Interest on the 2016 Notes and 2018 Notes are payable on January 15 and July 15 of each year, commencing July 15, 2010.

On November 12, 2010, the Issuers issued an additional $200 million aggregate principal amount of the 2016 Notes and $300 million aggregate principal amount of the 2018 Notes (such notes are collectively referred to as the “2010 Additional Notes”), pursuant to the purchase agreement, dated November 8, 2010, by and among the Issuers, Icahn Enterprises Holdings, as guarantor and Jefferies & Company, Inc., as initial purchaser. The gross proceeds from the sale of the 2010 Additional Notes were $512 million. On January 17, 2012, February 6, 2012 and July 12, 2012, the Issuers issued an additional aggregate $1,000 million principal amount of the 2018 Notes (such notes are collectively referred to as the “2012 Additional Notes”), pursuant to their respective purchase agreements, by and among the Issuers, Icahn Enterprises Holdings, as guarantor and Jefferies & Company, Inc., as initial purchaser. The aggregate gross proceeds from the sale of 2012 Additional Notes were $1,030 million and will be used for general corporate purposes. The 2010 Additional Notes and 2012 Additional Notes constitute the same series of securities as the Initial Notes for purposes of the indenture governing the notes and vote together on all matters with such series. These notes have substantially identical terms as the Initial Notes.

The Initial Notes, 2010 Additional Notes and 2012 Additional Notes (referred to collectively as the notes) were issued under and are governed by an indenture, dated January 15, 2010 (the “Indenture”), among the Issuers, the Guarantor and Wilmington Trust Company, as trustee. The Indenture contains customary events of defaults and covenants relating to, among other things, the incurrence of debt, affiliate transactions, liens and restricted payments. On or after January 15, 2013, the Issuers may redeem all of the 2016 Notes at a price equal to 103.875% of the principal amount of the 2016 Notes, plus accrued and unpaid interest, with such optional redemption prices decreasing to 101.938% on and after January 15, 2014 and 100% on and after January 15, 2015. On or after January 15, 2014, the Issuers may redeem all of the 2018 Notes at a price equal to 104.000% of the principal amount of the 2018 Notes, plus accrued and unpaid interest, with such option redemption prices decreasing to 102.000% on and after January 15, 2015 and 100% on and after January 15, 2016. Before January 15, 2013, the Issuers may redeem up to 35% of the aggregate principal amount of each of the 2016 Notes and 2018 Notes with the net proceeds of certain equity offerings at a price equal to 107.750% and 108.000%, respectively, of the aggregate principal amount thereof, plus accrued and unpaid interest to the date of redemption, provided that at least 65% of the aggregate principal amount of the 2016 Notes or 2018 Notes, as the case may be, originally issued remains outstanding immediately after such redemption. If the Issuers experience a change of control, the Issuers must offer to purchase for cash all or any part of each holder's notes at a purchase price equal to 101% of the principal amount of the notes, plus accrued and unpaid interest.

The notes and the related guarantee are the senior unsecured obligations of the Issuers and rank equally with all of the Issuers' and the Guarantor's existing and future senior unsecured indebtedness and rank senior to all of the Issuers' and the Guarantor's existing and future subordinated indebtedness. The notes and the related guarantee are effectively subordinated to the Issuers' and the Guarantor's existing and future secured indebtedness to the extent of the collateral securing such indebtedness. The notes and the related guarantee are also effectively subordinated to all indebtedness and other liabilities of the Issuers' subsidiaries other than the Guarantor.

Senior Unsecured Variable Rate Convertible Notes Due 2013 - Icahn Enterprises and Icahn Enterprises Holdings

In April 2007, we issued an aggregate of $600 million of variable rate senior convertible notes due 2013 (“variable rate notes”). The variable rate notes were sold in a private placement pursuant to Section 4(2) of the Securities Act, and issued pursuant to an indenture dated as of April 5, 2007, by and among us, as issuer, Icahn Enterprises Finance, as co-issuer, and Wilmington Trust Company, as trustee. Other than Icahn Enterprises Holdings, no other subsidiaries guaranteed payment on the variable rate notes. The variable rate notes bore interest at a rate of three-month LIBOR minus 125 basis points, but the all-in-rate can be no less than 4.0% nor more than 5.5%, and were eligible to be convertible into our depositary units. As of March 31, 2013, the interest rate was 4.0%. The interest on the variable rate notes is payable quarterly on each January 15, April 15, July 15 and October 15. The variable rate notes mature on August 15, 2013. As discussed below, as a result of our delivery of notice of satisfaction and discharge (the "Notice") with respect to the variable rate notes on January 25, 2013, the holders of the variable rate notes will continue to have the right to receive payment of principal and interest on the variable notes through maturity, but will no longer have the right to convert variable rate notes into our depositary units.

Prior to our delivery of Notice, in the event that we had declared a cash dividend or similar cash distribution in any calendar quarter with respect to our depositary units in an amount in excess of $0.10 per depositary unit (as adjusted for splits, reverse splits and/or stock dividends) ("Excess Dividends"), the indenture governing the variable rate notes required that we simultaneously make such distribution to holders of the variable rate notes in accordance with a formula set forth in the indenture. As discussed below, this provision was nullified by the Notice. Accordingly, no distributions in respect of Excess Dividends will be paid to holders of the variable rate notes for the year ending December 31, 2013. In addition, because there were no Excess Dividends during the year ended December 31, 2012, no such distributions were paid to holders of the variable rate notes for this period.

On January 25, 2013, Icahn Enterprises and Icahn Enterprises Holdings delivered the Notice to the registered holders of our outstanding variable rate notes in accordance with the terms of the indenture dated as of April 5, 2007, among Icahn Enterprises, as issuer, Icahn Enterprises Finance Corp., as co-issuer, Icahn Enterprises Holdings, as guarantor, and Wilmington Trust Company, as trustee, governing the variable rate notes. The aggregate outstanding principal amount of the variable rate notes prior to the discharge was $600 million, of which $44 million was held directly by Icahn Enterprises Holdings.

As set forth in the Notice, on January 29, 2013 (“Discharge Date”), Icahn Enterprises deposited with Wilmington Trust Company, to be held in trust by it in accordance with the provisions of the variable rate notes and the indenture dated as of April 5, 2007, cash in the amount sufficient to pay and discharge all indebtedness on the outstanding variable rate notes consisting of: (a) all accrued and unpaid interest payable on the quarterly interest payment dates on April 15 and July 15, 2013, and (b) all principal and accrued and unpaid interest payable upon maturity of the variable rate notes on August 15, 2013. On and after the Discharge Date, (a) the indenture dated as of April 5, 2007 was discharged and ceased to be of further effect as to all variable rate notes and Note Guarantees (as defined in such indenture) issued thereunder and (b) holders will continue to have the right to receive payment of principal and interest on the variable rate notes through maturity, but will no longer have the right to convert variable rate notes into Depositary Units (as defined in such indenture) of Icahn Enterprises. In addition, the holders of the variable rate notes will no longer receive the right to receive Excess Dividends in respect to our declaration of dividends.

Senior Unsecured Notes Restrictions and Covenants

The indenture governing the variable rate notes, and the indenture governing both the 2016 Notes and the 2018 Notes (including the 2010 Additional Notes and the 2012 Additional Notes), restrict the payment of cash distributions, the purchase of equity interests or the purchase, redemption, defeasance or acquisition of debt subordinated to the senior unsecured notes. The indentures also restrict the incurrence of debt or the issuance of disqualified stock, as defined in the applicable indenture, with certain exceptions. In addition, the indentures require that on each quarterly determination date we and the guarantor of the notes (currently only Icahn Enterprises Holdings) maintain certain minimum financial ratios, as defined therein. The indentures also restrict the creation of liens, mergers, consolidations and sales of substantially all of our assets, and transactions with affiliates.

As of March 31, 2013 and December 31, 2012, we were in compliance with all covenants, including maintaining certain minimum financial ratios, as defined in the applicable indentures. Additionally, as of March 31, 2013, based on covenants in the applicable indenture governing our senior unsecured notes, we are permitted to incur approximately $2.4 billion in additional indebtedness.

Debt Facilities - Automotive

On December 27, 2007, Federal-Mogul entered into a Term Loan and Revolving Credit Agreement (“Federal-Mogul Debt Facilities”) with Citicorp U.S.A. Inc. as Administrative Agent, JPMorgan Chase Bank, N.A. as Syndication Agent and certain lenders. The Federal-Mogul Debt Facilities include a $540 million revolving credit facility (which is subject to a borrowing base and can be increased under certain circumstances and subject to certain conditions) and a $2,960 million term loan credit facility divided into a $1,960 million tranche B loan and a $1,000 million tranche C loan. The obligations under the revolving credit facility mature December 27, 2013 and bear interest in accordance with a pricing grid based on availability under the revolving credit facility. Interest rates on the pricing grid range from LIBOR plus 1.50% to LIBOR plus 2.00% and ABR plus 0.50% to ABR plus 1.00%. The tranche B term loans mature December 27, 2014 and the tranche C term loans mature December 27, 2015. All of the Federal-Mogul Debt Facilities term loans bear interest at LIBOR plus 1.9375% or at ABR plus 0.9375% at Federal-Mogul's election.

As of March 31, 2013 and December 31, 2012, the borrowing availability under Federal-Mogul's revolving credit facility was $504 million and $451 million, respectively. Federal-Mogul had $37 million of letters of credit outstanding as of both March 31, 2013 and December 31, 2012 pertaining to Federal-Mogul's term loan credit facility. To the extent letters of credit associated with the revolving credit facility are issued, there is a corresponding decrease in borrowings available under this facility.

The obligations of Federal-Mogul under the Federal-Mogul Debt Facilities are guaranteed by substantially all of its domestic subsidiaries and certain foreign subsidiaries, and are secured by substantially all personal property and certain real property of Federal-Mogul and such guarantors, subject to certain limitations. The liens granted to secure these obligations and certain cash management and hedging obligations have first priority.

The Federal-Mogul Debt Facilities contain certain affirmative and negative covenants and events of default, including, subject to certain exceptions, restrictions on incurring additional indebtedness, mandatory prepayment provisions associated with specified asset sales and dispositions, and limitations on (i) investments; (ii) certain acquisitions, mergers or consolidations; (iii) sale and leaseback transactions; (iv) certain transactions with affiliates and (v) dividends and other payments in respect of capital stock. Pursuant to the terms of the Federal-Mogul Debt Facilities, $50 million of the Tranche C Term Loan proceeds were deposited in a term letter of credit account. At March 31, 2013 and December 31, 2012, Federal-Mogul was in compliance with all debt covenants under the Federal-Mogul Debt Facilities.

Debt and Credit Facilities - Energy

Senior Secured Notes

On April 6, 2010, Coffeyville Resources, LLC ("CRLLC") and its then wholly owned subsidiary, Coffeyville Finance Inc. (together the "CVR Issuers"), completed a private offering of $275 million aggregate principal amount of 9.0% First Lien Senior Secured Notes due 2015 (the "CVR First Lien Notes") and $225 million aggregate principal amount of 10.875% Second Lien Senior Secured Notes due 2017 ("CVR Second Lien Notes" and, together with the CVR First Lien Notes, the "CVR Notes"). On December 15, 2011, the CVR Issuers sold an additional $200 million aggregate principal amount of 9.0% First Lien Senior Secured Notes due 2015 ("New CVR Notes"). The New CVR Notes were issued as "Additional CVR Notes" pursuant to the indenture dated April 6, 2010 (the "CVR Indenture") and, together with the existing CVR First Lien Notes, are treated as a single class for all purposes under the CVR Indenture including, without limitation, waivers, amendments, redemptions and other offers to purchase. Unless otherwise indicated, the New CVR Notes and the existing first lien notes are collectively referred to herein as the "CVR First Lien Notes."

The CVR First Lien Notes were scheduled to mature on April 1, 2015, unless earlier redeemed or repurchased by the CVR Issuers. See further discussion below related to the tender and redemption of all the outstanding CVR First Lien Notes in the fourth quarter of 2012. The CVR Second Lien Notes mature on April 1, 2017, unless earlier redeemed or repurchased by the CVR Issuers. On January 23, 2013, a portion of the proceeds from the CVR Refining's IPO were utilized to satisfy and discharge the indenture governing the CVR Second Lien Notes. As a result, all of the outstanding CVR Second Lien Notes were redeemed on January 23, 2013 resulting in a gain on extinguishment of debt of approximately $5 million for our Energy segment in the first quarter of 2013.

Interest was payable on the Notes semi-annually on April 1 and October 1 of each year. The CVR Notes were fully and unconditionally guaranteed by each of CRLLC's subsidiaries other than CVR Partners and CRNF.

As a result of our acquisition of CVR on May 4, 2012, we revalued the CVR Notes to its acquisition date fair values, resulting in the recognition of premiums aggregating $54 million which was amortized to interest expense on a straight line basis over the life of the CVR Notes. As a result of redemption of the CVR Second Lien Notes discussed above, the premium balance of $25 million was written off during the first quarter of 2013. In addition our acquisition of a controlling interest in CVR constituted a change of control requiring the CVR Issuers to make an offer to repurchase all of its outstanding CVR Notes at 101.0% of the principal amount of notes tendered. On June 4, 2012, the CVR Issuers offered to purchase all or any part of the CVR Notes, at a cash purchase price of 101% of the aggregate principal amount of the CVR Notes, plus accrued and unpaid interest, if any. The offer expired on July 5, 2012 with none of the outstanding CVR Notes tendered.

On October 23, 2012, CVR Refining LLC (“Refining LLC”) and its wholly-owned subsidiary, Coffeyville Finance Inc., completed a private offering of $500 million in aggregate principal amount of 6.50% Second Lien Secured Notes due 2022 (the "2022 Notes"). The 2022 Notes were issued at par. Refining LLC received approximately $493 million of cash proceeds, net of the underwriting fees, but before deducting other third-party fees and expenses associated with the offering. The 2022 Notes were secured by substantially the same assets that secured the then outstanding CVR Second Lien Notes, subject to exceptions, until such time that the outstanding CVR Second Lien Notes were satisfied and discharged in full. The 2022 Notes are guaranteed by the CVR Refining, Refining LLC and its existing domestic subsidiaries. Prior to the satisfaction and discharge of the CVR Second Lien Notes, which occurred on January 23, 2013, the 2022 Notes were also guaranteed by CRLLC. CVR, CVR Partners and CRNF are not guarantors. Approximately $348 million of the net proceeds from the offering was used to fund a completed and settled tender offer resulting in the purchase of approximately $323 million of the 9.0% First Lien Notes due April 1, 2015 and to settle accrued interest of approximately $2 million through October 23, 2012 and to pay related fees and expenses. A premium of approximately $23 million was incurred associated with the tender.

The 2022 Notes mature on November 1, 2022, unless earlier redeemed or repurchased by the issuers. Interest is payable on the 2022 Notes semi-annually on May 1 and November 1 of each year, commencing on May 1, 2013.

The 2022 Notes requires that CVR Refining to maintain a minimum fixed charge coverage ratio and contains customary covenants for a financing of this type that limit, subject to certain exceptions, the incurrence of additional indebtedness or guarantees, the creation of liens on assets, the ability to dispose of assets, the ability to make payments on subordinated or unsecured debt, the ability to merge, consolidate with or into another entity and the ability to enter into certain affiliate transactions. The 2022 Notes provide that CVR Refining can make distributions to holders of its common units provided, among other things, it is in compliance with the fixed coverage ratio and there is no default or event of default under the 2022 Notes. As of March 31, 2013, CVR Refining was in compliance with the covenants contained in the 2022 Notes.

Amended and Restated Asset Backed (ABL) Credit Facility

On December 20, 2012, CRLLC, CVR Refining, and Refining LLC and each of the operating subsidiaries of Refining LLC (collectively, the “Credit Parties”) entered into an amended and restated ABL credit agreement (“Amended and Restated ABL Credit Facility") with a group of lenders and Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent and collateral agent. The Amended and Restated ABL Credit Facility replaced a previous ABL credit facility and is scheduled to mature on December 20, 2017. Under the Amended and Restated ABL Credit Facility, CVR Refining assumed CVR's position as borrower and CVR's obligations under the facility upon the closing of CVR Refining's IPO on January 23, 2013.

The Amended and Restated ABL Credit Facility is a senior secured asset based revolving credit facility in an aggregate principal amount of up to $400 million with an incremental facility, which permits an increase in borrowings of up to $200 million subject to additional lender commitments and certain other conditions. The proceeds of the loans may be used for capital expenditures and working capital and general corporate purposes of the Credit Parties and their subsidiaries. The Amended and Restated ABL Credit Facility provides for loans and letters of credit in an amount up to the aggregate availability under the facility, subject to meeting certain borrowing base conditions, with sub-limits of 10% of the total facility commitment for swingline loans and 90% of the total facility commitment for letters of credit.

Borrowings under the Amended and Restated ABL Credit Facility bear interest at either a base rate or LIBOR plus an applicable margin. The applicable margin is (i) (a) 1.75% for LIBOR borrowings and (b) 0.75% for prime rate borrowings, in each case if quarterly average excess availability exceeds 50% of the lesser of the borrowing base and the total commitments and (ii) (a) 2.00% for LIBOR borrowings and (b) 1.00% for prime rate borrowings, in each case if quarterly average excess availability is less than or equal to 50% of the lesser of the borrowing base and the total commitments. The Amended and Restated ABL Credit Facility also requires the payment of customary fees, including an unused line fee of (i) 0.40% if the daily average amount of loans and letters of credit outstanding is less than 50% of the lesser of the borrowing base and the total commitments and (ii) 0.30% if the daily average amount of loans and letters of credit outstanding is equal to or greater than 50% of the lesser of the borrowing base and the total commitments. CVR Refining will also be required to pay customary letter of credit fees equal to, for standby letters of credit, the applicable margin on LIBOR loans on the maximum amount available to be drawn under and, for commercial letters of credit, the applicable margin on LIBOR loans less 0.50% on the maximum amount available to be drawn under, and customary facing fees equal to 0.125% of the face amount of, each letter of credit.

The Amended and Restated ABL Credit Facility also contains customary covenants for a financing of this type that limit the ability of the Credit Parties and their respective subsidiaries to, among other things, incur liens, engage in a consolidation, merger, purchase or sale of assets, pay dividends, incur indebtedness, make advances, investment and loans, enter into affiliate transactions, issue equity interests, or create subsidiaries and unrestricted subsidiaries. The amended and restated facility also contains a fixed charge coverage ratio financial covenant, as defined under the facility. The Credit Parties were in compliance with the covenants of the Amended and Restated ABL Credit Facility as of March 31, 2013.

As of March 31, 2013, CRLLC had availability under the Amended and Restated ABL Credit Facility of $373 million and had letters of credit outstanding of $27 million. There were no borrowings outstanding under the Amended and Restated ABL Credit Facility as of March 31, 2013 and December 31, 2012.

CVR Partners Credit Facility

On April 13, 2011, CRNF, as borrower, and CVR Partners, as guarantor, entered into a new credit facility with a group of lenders including Goldman Sachs Lending Partners LLC, as administrative and collateral agent. The credit facility includes a term loan facility of $125 million and a revolving credit facility of $25 million, which was undrawn as of March 31, 2013, with an uncommitted incremental facility of up to $50 million. No amounts were outstanding under the revolving credit facility at March 31, 2013.

Borrowings under the credit facility bear interest based on a pricing grid determined by the trailing four quarter leverage ratio. The initial pricing for Eurodollar rate loans under the credit facility is the Eurodollar rate plus a margin of 3.50% or, for base rate loans, the prime rate plus 2.50%. Under its terms, the lenders under the credit facility were granted a first priority security interest (subject to certain customary exceptions) in substantially all of the assets of CRNF and CVR Partners.

The credit facility requires CVR Partners to maintain a minimum interest coverage ratio and a maximum leverage ratio and contains customary covenants for a financing of this type that limit, subject to certain exceptions, the incurrence of additional indebtedness or guarantees, the creation of liens on assets and the ability of CVR Partners to dispose of assets, to make restricted payments, investments and acquisitions, or enter into sale-leaseback transactions and affiliate transactions. The credit facility provides that CVR Partners can make distributions to holders of its common units provided, among other things, it is in compliance with the leverage ratio and interest coverage ratio on a pro forma basis after giving effect to any distribution and there is no default or event of default under the credit facility. As of March 31, 2013, CRNF was in compliance with the covenants contained in the credit facility.

Senior Unsecured Notes and Secured Term Loan Facility - Railcar

In February 2007, ARI issued $275 million senior unsecured fixed rate notes that were subsequently exchanged for registered notes in March 2007 (“ARI Notes”). In September 2012, ARI completed a voluntary partial early redemption of $100 million of the ARI Notes at a rate of 101.875% of the principal amount, plus any accrued interest and unpaid interest. The ARI Notes bore a fixed interest rate of 7.5%. On March 1, 2013, ARI voluntarily redeemed the remaining $175 million of ARI Notes outstanding at par value. In connection with the redemption, ARI recorded a loss of less than $1 million on debt extinguishment in the first quarter of 2013.

In December 2012, ARI, through its wholly-owned subsidiary, entered into a senior secured delayed draw term loan facility ("ARI Term Loan") that is secured by a portfolio of railcars, railcar leases, the receivables associated with those railcars and leases and certain other assets. The ARI Term Loan provides for an initial draw at closing ("Initial Draw") and allows for up to two additional draws. The capacity of the ARI Term Loan is limited to the lesser of approximately $200 million or 75% of the Net Aggregate Equipment Value, as defined in the credit agreement and matures on February 27, 2018.

Upon closing, the Initial Draw was $98 million, net of fees and expenses. During February 2013, ARI made an additional draw, which resulted in net proceeds of approximately $50 million. After this draw, availability under the lease fleet financing is up to $50 million. As of March 31, 2013 and December 31, 2012, the outstanding principal balance on the ARI Term Loan was $150 million and $100 million, respectively.

The ARI Term Loan bears interest at one-month LIBOR plus 2.5%, subject to an alternative fee as set forth in the credit agreement, and is payable on the 15th of each month. The interest rate increases by 2.0% following certain defaults. ARI is required to pay principal at an annual rate of 3.33% of the borrowed amount via monthly payments that are due on the Payment Date, with any remaining balance payable on the final scheduled maturity. The ARI Term Loan may be prepaid at any time without premium or penalty, other than customary LIBOR breakage fees. The ARI Term Loan contains restrictive covenants that limit a subsidiary of ARI's ability to, among other things, incur additional debt, issue additional equity, sell certain assets, make certain restricted payments and enter into certain significant transactions with stockholders and affiliates. Certain covenants, including those that restrict a subsidiary of ARI's ability to incur additional indebtedness and issue equity, become more restrictive if a subsidiary of ARI's debt service coverage ratio, as defined, is less than 1.05 to 1.0 as measured on a rolling three-quarter basis. ARI was in compliance with all of its covenants under the ARI Term Loan as of March 31, 2013. As of March 31, 2013 and December 31, 2012, the net book value of the railcars that were pledged as part of the ARI Term Loan was $170 million and $112 million, respectively.

Credit Facilities - Gaming

Credit Facilities

In March 2012, Tropicana entered into credit facilities ("Tropicana Credit Facilities"), which consist of (i) a senior secured first lien term loan facility in an aggregate principal amount of $175 million, issued at a discount of 2% ("Tropicana Term Loan") and (ii) a cash collateralized letter of credit facility in a maximum aggregate amount of $15 million ("Tropicana Letter of Credit"). Commencing on June 30, 2012, the Tropicana Term Loan requires quarterly principal payments of 0.25% of the original principal amount with any remaining outstanding amounts due on the maturity date, March 16, 2018. The Tropicana Term Loan is secured by substantially all of Tropicana's assets and is guaranteed by all of its domestic subsidiaries.

At the election of Tropicana and subject to certain conditions, the amount available under the Tropicana Term Loan may be increased by up to $75 million, which increased amount may be comprised of additional term loans and up to $20 million of revolving loans. The Tropicana Letter of Credit provides for the issuance of letters of credit with an aggregate stated amount of up to $15 million, through a termination date of March 16, 2017. The letters of credit issued under the Tropicana Letter of Credit will be secured by cash collateral in an amount no less than 103% of the face amounts of such letters of credit.

The obligations under the Tropicana Term Loan bear interest, at Tropicana's election, at an annual rate equal to either: (i) the sum of (a) the Adjusted LIBOR Rate (as defined in the Tropicana Term Loan) (subject to a 1.50% floor); plus (b) a margin of 6.00%; or (ii) the sum of: (a) the alternate base rate, which is equal to the greatest of: (1) the corporate base rate of UBS AG, Stamford Branch; (2) the Federal Funds Effective Rate (as defined in the Tropicana Term Loan) plus 0.50%; or (3) the Adjusted LIBOR Rate (as defined in the Tropicana Term Loan) for one month plus 1.00% (all subject to a 2.50% floor); plus (b) a margin of 5.00%; such that, in either case, the applicable interest rate shall not be less than 7.50%. An additional 2% default rate also applies in certain instances described in the Tropicana Term Loan. As of March 31, 2013, the interest rate was 7.5%.

The Tropicana Term Loan may be prepaid at the option of Tropicana at any time without penalty (other than customary breakage fees). The Tropicana Term Loan contains mandatory prepayment provisions from proceeds received by Tropicana and its subsidiaries as a result of asset sales, the incurrence of indebtedness and issuance of equity, casualty events and excess cash flow (subject in each case to certain exceptions). Key covenants binding Tropicana and its subsidiaries include (i) limitations on indebtedness, liens, investments, acquisitions, asset sales, dividends and other restricted payments, and affiliate and extraordinary transactions, (ii) compliance with a first lien net leverage ratio, measured quarterly on a trailing twelve-month basis (3.25:1.00 for the quarter ended March 31, 2013, and reducing over time to 2.50:1.00 beginning as of the quarter ending March 31, 2016), and (iii) compliance with a total net leverage ratio, measured quarterly on a trailing twelve-month basis, of 5.00:1.00. Tropicana was in compliance with the covenants of the Tropicana Term Loan at March 31, 2013.

Senior secured Notes and Revolving Credit Facility - Food Packaging

In December 2009, Viskase issued $175 million of 9.875% Senior Secured Notes due 2018 (“Viskase Notes”). The Viskase Notes bear interest at a rate of 9.875% per annum, payable semi-annually in cash on January 15 and July 15, commencing on July 15, 2010. The Viskase Notes have a maturity date of January 15, 2018.

In May 2010, Viskase issued an additional $40 million aggregate principal amount of Viskase 9.875% Notes under the indenture governing the Viskase Notes Indenture (“Viskase Notes Indenture”). The additional notes constitute the same series of securities as the initial Viskase Notes. Holders of the initial and additional Viskase Notes will vote together on all matters and the initial and additional Viskase Notes will be equally and ratably secured by all collateral.

The notes and related guarantees by any of Viskase's future domestic restricted subsidiaries are secured by substantially all of Viskase's and such domestic restricted subsidiaries' current and future tangible and intangible assets. The Viskase Notes Indenture permits Viskase to incur other senior secured indebtedness and to grant liens on its assets under certain circumstances.

Prior to January 15, 2014, Viskase may redeem, at its option, up to 35% of the aggregate principal amount of the Viskase Notes issued under the Viskase Notes Indenture with the net proceeds of any equity offering at 109.875% of their principal amount, plus accrued and unpaid interest to the date of redemption, provided that at least 65% of the aggregate principal amount of the Viskase Notes issued under the Viskase Notes Indenture dated December 21, 2009 remains outstanding immediately following the redemption.

In November 2007, Viskase entered into a $25 million secured revolving credit facility (“Viskase Revolving Credit Facility”) with Arnos Corporation, an affiliate of Mr. Icahn. In connection with our majority acquisition of Viskase on January 15, 2010, we assumed the Viskase Revolving Credit Facility from Arnos Corporation. We have entered into several agreements with Viskase to extend the maturity date of Viskase Revolving Credit Facility, the latest of which extends the maturity date to July 31, 2015. Borrowings under the loan and security agreement governing the Viskase Revolving Credit Facility are subject to a borrowing base formula based on percentages of eligible domestic receivables and eligible domestic inventory. Under the Viskase Revolving Credit Facility, the interest rate is LIBOR plus a margin of 2.00% currently (which margin will be subject to performance based increases up to 2.50%); provided that the minimum interest rate shall be at least equal to 3.00%. Viskase Revolving Credit Facility also provides for an unused line fee of 0.375% per annum. There were no borrowings under the Viskase Revolving Credit Facility as of each of March 31, 2013 and December 31, 2012.

Indebtedness under the Viskase Revolving Credit Facility is secured by liens on substantially all of Viskase's domestic and Mexican assets, with liens on certain assets that are contractually senior to the Viskase 9.875% Notes and the related guarantees pursuant to an intercreditor agreement and the Viskase 9.875% Notes.

The Viskase Revolving Credit Facility contains various covenants which restrict Viskase's ability to, among other things, incur indebtedness, enter into mergers or consolidation transactions, dispose of assets (other than in the ordinary course of business), acquire assets, make certain restricted payments, create liens on our assets, make investments, create guarantee obligations and enter into sale and leaseback transactions and transactions with affiliates, in each case subject to permitted exceptions. The Viskase Revolving Credit Facility also requires that Viskase complies with various financial covenants. Viskase is in compliance with these requirements as of March 31, 2013 and December 31, 2012.

In its foreign operations, Viskase has unsecured lines of credit with various banks providing approximately $8 million of availability. There were no borrowings under the lines of credit at March 31, 2013 and December 31, 2012.

Letters of credit in the amount of $1 million were outstanding under facilities with a commercial bank, and were cash collateralized at each of March 31, 2013 and December 31, 2012.

Mortgages Payable - Real Estate

Mortgages payable, all of which are non-recourse to us, bear interest at rates between 4.97% and 7.99% and have maturities between May 31, 2013 and October 31, 2028.

Other

Letter of Credit Facility - Home Fashion

On October 15, 2012, upon the expiration of a certain senior secured revolving credit facility of WPH, WPH entered into a letter of credit facility ("WPH Letter of Credit"), with a nationally recognized bank ("LC Issuer"). The one-year WPH Letter of Credit has a $10 million credit line. Issuance of letters of credit under the WPH Letter of Credit is subject to 0.50% annual fee on the outstanding face amount of the letters of credit issued under the WPH Letter of Credit, which face amount as of March 31, 2013 was approximately $6 million. Obligations under the WPH Letter of Credit are secured by a cash collateral account pledged by WPH to LC Issuer. The WPH Letter of Credit does not contain any financial covenants. WPH has determined that its liquidity needs are sufficiently covered by existing and projected cash resources for the foreseeable future. In the future, WPH may explore other financing options as circumstances warrant.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References + Details

Pensions, Other Post-employment Benefits and Employee Benefit Plans

3 Months Ended

Mar. 31, 2013

Compensation and Retirement Disclosure [Abstract]

Pensions,Other Post-employment Benefits and Employee Benefit Plans

Pension, Other Post-employment Benefits and Employee Benefit Plans.

Federal-Mogul, ARI and Viskase each sponsor several defined benefit pension plans (''Pension Benefits'') (and, in the case of Viskase, its pension plans include defined contribution plans). Additionally, Federal-Mogul, ARI and Viskase each sponsors health care and life insurance benefits (''OPEB'') for certain employees and retirees around the world. The Pension Benefits are funded based on the funding requirements of federal and international laws and regulations, as applicable, and are typically funded in advance of benefit payments. Other Post-Employment Benefits are funded as benefits are provided to participating employees. As prescribed by applicable U.S. GAAP, Federal-Mogul, ARI and Viskase each uses, as applicable, appropriate actuarial methods and assumptions in accounting for its defined benefit pension plans, non-pension post-employment benefits, and disability, early retirement and other post-employment benefits. The measurement date for all defined benefit plans is December 31 of each year.

Components of net periodic benefit cost (gain) for the three months ended March 31, 2013 and 2012 are as follows:



	Pension Benefits						OPEB
	Three Months Ended March 31,						Three Months Ended March 31,
	2013			2012			2013			2012
	(in millions)
Service cost	$	4		$	7		$	—		$	—
Interest cost	18			21			4			4
Expected return on plan assets	(17		)	(16		)	—			—
Amortization of actuarial losses	6			10			2			—
Amortization of prior service credit	—			—			(3		)	(4		)
Settlement gain	—			(1		)	—			—
	$	11		$	21		$	3		$	—

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-URI http://asc.fasb.org/topic&trid=2235017

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Implementation Guide (Q and A)
-Number FAS88
-Paragraph 63
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 106
-Paragraph 518
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 03-2
-Paragraph 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 87
-Paragraph 264
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph q
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph h
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 8
-Subparagraph m
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5, 6, 7, 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 158
-Paragraph 7, 21, 22
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS106-2
-Paragraph 20, 21, 22
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 30
-Paragraph 26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Net Income Per LP Unit

3 Months Ended

Mar. 31, 2013

Net Income Per LP Unit [Abstract]

Net Income Per LP Unit

Net Income Per LP Unit.

For Icahn Enterprises, basic income per LP unit is based on net income attributable to Icahn Enterprises allocable to limited partners. Net income allocable to limited partners is divided by the weighted-average number of LP units outstanding. Diluted income per LP unit is based on basic income adjusted for interest charges applicable to the variable rate notes as well as the weighted-average number of units and equivalent units outstanding.

The following table sets forth the allocation of net income attributable to Icahn Enterprises allocable to limited partners and the computation of basic and diluted income per LP unit of Icahn Enterprises for the periods indicated:



	Three Months Ended March 31,
	2013		2012
	(in millions, except per unit data)
Net income attributable to Icahn Enterprises	$	277	$	49
Net income attributable to Icahn Enterprises allocable to limited partners (98.01% allocation)	$	271	$	48

Basic income per LP unit	$	2.56	$	0.48
Basic weighted average LP units outstanding	106		99

Dilutive effect of variable rate convertible notes:
Income	$	2
Units	2

Dilutive effect of unit distribution declared:
Income	$	—
Units	1

Diluted income per LP unit	$	2.50	$	0.48
Diluted weighted average LP units outstanding	109		99

Because their effect would have been anti-dilutive, 5 million equivalent units relating to our variable rate notes have been excluded from diluted weighted average LP units outstanding for the three months ended March 31, 2012.

Equity Offering

On February 28, 2013, Icahn Enterprises entered into an underwriting agreement (“Underwriting Agreement”) with Jefferies & Company, Inc. (“Underwriter”), providing for the issuance and purchase of an aggregate of 3,174,604 depositary units representing limited partner interests in Icahn Enterprises at a price to the public of $63.00 per depositary unit (“Equity Offering”). The depositary units were delivered to the unitholders on March 6, 2013, raising $194 million after deducting underwriting discounts, commissions and other offering related fees and expenses. In connection with this offering, our general partner made an aggregate contribution of $4 million to Icahn Enterprises and Icahn Enterprises Holdings in order to maintain its 1% general partner interest in each of Icahn Enterprises and Icahn Enterprises Holdings.

Pursuant to the Underwriting Agreement, Icahn Enterprises also granted the Underwriter a 30-day option to purchase up to 476,191 additional depositary units at the same public offering price, which the underwriter did not exercise.

The issuance and purchase of the depositary units in connection with the Equity Offering is registered under the Securities Act of 1933, as amended, pursuant to a shelf registration statement on Form S-3 (File No. 333-333-158705) filed by Icahn Enterprises with the SEC on April 22, 2009 and declared effective by the SEC on May 17, 2010.

We intend to use the net proceeds from the Equity Offering for general partnership purposes, which may include investments in operating subsidiaries and potential acquisitions in accordance with our investment strategy.

Unit Distribution

On February 10, 2013, Icahn Enterprises declared a quarterly distribution in the amount of $1.00 per depositary unit in which each depositary unit holder had the option to make an election to receive either cash or additional depositary units. As a result, on April 15, 2013, Icahn Enterprises distributed an aggregate 1,521,946 depositary units to unit holders electing to receive depositary units in connection with this distribution. Mr. Icahn and his affiliates elected to receive a majority of their proportionate share of this distribution in depositary units. As of May 2, 2013, Mr. Icahn and his affiliates owned 90.6% of Icahn Enterprises outstanding depositary units.

Because the depositary unit holder has the election to receive the distribution either in cash or additional depositary units, we recorded a unit distribution liability of $105 million on our consolidated balance sheets as the unit distribution had not been made as of March 31, 2013. In addition, the unit distribution liability is considered a potentially dilutive security and is included in the calculation of diluted income per LP unit as disclosed above. Any difference between the liability recorded and the amount representing the aggregate value of the number of depositary units distributed and cash paid would be charged to equity.

Segment Reporting

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting.

As of March 31, 2013, our nine operating segments, which also constitute our reporting segments, are: (1) Investment; (2) Automotive; (3) Energy; (4) Metals; (5) Railcar; (6) Gaming; (7) Food Packaging; (8) Real Estate and (9) Home Fashion. Our determination of what constitutes an operating segment is based on the various industries in which our businesses operate and how we manage those businesses in accordance with our investment strategy. We assess and measure segment operating results based on net income from continuing operations attributable to Icahn Enterprises and Icahn Enterprises Holdings, as disclosed below. Certain terms of financings for certain of our segments impose restrictions on the segments' ability to transfer funds to us, including restrictions on dividends, distributions, loans and other transactions.

In addition to our nine reporting segments, we present the results of the Holding Company which includes the unconsolidated results of Icahn Enterprises and Icahn Enterprises Holdings, and investment activity and expenses associated with the activities of the Holding Company. See Note 2, “Operating Units,” for a detailed description of each of our reporting segments.

Icahn Enterprises' condensed statements of operations by reporting segment for the three months ended March 31, 2013 and 2012 are presented below:



	Three Months Ended March 31, 2013
	Investment			Automotive			Energy			Metals			Railcar			Gaming			Food Packaging			Real Estate		Home Fashion			Holding Company			Consolidated
	(in millions)
Revenues:
Net sales	$	—		$	1,713		$	2,352		$	264		$	110		$	—		$	88		$	1	$	46		$	—		$	4,574
Other revenues from operations	—			—			—			—			26			143			—			20		—			—			189
Net gain from investment activities	578			—			—			—			2			—			—			—		—			(2		)	578
Interest and dividend income	23			—			—			—			1			—			—			—		—			—			24
Other income (loss), net	2			(33		)	(14		)	—			(1		)	—			—			—		—			—			(46		)
	603			1,680			2,338			264			138			143			88			21		46			(2		)	5,319
Expenses:
Cost of goods sold	—			1,465			1,967			267			86			—			67			—		41			—			3,893
Other expenses from operations	—			—			—			—			17			72			—			11		—			—			100
Selling, general and administrative	28			199			34			8			11			61			11			4		8			5			369
Restructuring	—			8			—			—			—			—			—			—		—			—			8
Impairment	—			—			—			—			—			—			—			—		—			—			—
Interest expense	—			31			15			—			3			4			5			1		—			75			134
	28			1,703			2,016			275			117			137			83			16		49			80			4,504
Income (loss) before income tax benefit (expense)	575			(23		)	322			(11		)	21			6			5			5		(3		)	(82		)	815
Income tax (expense) benefit	—			(11		)	(100		)	5			(12		)	(2		)	(2		)	—		—			2			(120		)
Net Income (loss)	575			(34		)	222			(6		)	9			4			3			5		(3		)	(80		)	695
Less: net (income) loss attributable to non-controlling interests	(342		)	5			(71		)	—			(8		)	(1		)	(1		)	—		—			—			(418		)
Net income (loss) attributable to Icahn Enterprises	$	233		$	(29	)	$	151		$	(6	)	$	1		$	3		$	2		$	5	$	(3	)	$	(80	)	$	277

Supplemental information:
Capital expenditures	$	—		$	93		$	64		$	3		$	101		$	12		$	5		$	—	$	—		$	—		$	278
Depreciation and amortization⁽¹⁾	$	—		$	71		$	50		$	6		$	7		$	8		$	5		$	6	$	2		$	—		$	155



	Three Months Ended March 31, 2012
	Investment			Automotive			Metals			Railcar			Gaming			Food Packaging			Real Estate		Home Fashion			Holding Company			Consolidated
	(in millions)
Revenues:
Net sales	$	—		$	1,764		$	332		$	164		$	—		$	83		$	—	$	56		$	—		$	2,399
Other revenues from operations	—			—			—			17			155			—			20		—			—			192
Net gain from investment activities	50			—			—			—			—			—			—		—			8			58
Interest and dividend income	23			1			—			1			—			—			—		—			—			25
Other (loss) income, net	(2		)	9			—			—			(2		)	—			1		1			3			10
	71			1,774			332			182			153			83			21		57			11			2,684
Expenses:
Cost of goods sold	—			1,487			331			137			—			63			—		54			—			2,072
Other expenses from operations	—			—			—			14			80			—			12		—			—			106
Selling, general and administrative	3			201			7			6			62			13			3		10			4			309
Restructuring	—			6			—			—			—			—			—		1			—			7
Impairment	—			1			—			—			—			—			—		1			—			2
Interest expense	2			36			—			5			2			5			1		—			66			117
	5			1,731			338			162			144			81			16		66			70			2,613
Income (loss) before income tax (expense) benefit	66			43			(6		)	20			9			2			5		(9		)	(59		)	71
Income tax (expense) benefit	—			(10		)	4			(8		)	1			(1		)	—		—			44			30
Income (loss)	66			33			(2		)	12			10			1			5		(9		)	(15		)	101
Less: net income attributable to non-controlling interests	(35		)	(10		)	—			(5		)	(2		)	—			—		—			—			(52		)
Net income (loss) attributable to Icahn Enterprises	$	31		$	23		$	(2	)	$	7		$	8		$	1		$	5	$	(9	)	$	(15	)	$	49

Supplemental information:
Capital expenditures	$	—		$	130		$	2		$	41		$	12		$	12		$	—	$	—		$	—		$	197
Depreciation and amortization⁽¹⁾	$	—		$	69		$	6		$	5		$	9		$	4		$	5	$	2		$	—		$	100


⁽¹⁾	Excludes amounts related to the amortization of deferred financing costs and debt discounts and premiums included in interest expense in the amounts of $9 million and $8 million for the three months ended March 31, 2013 and 2012, respectively.

Icahn Enterprises' condensed balance sheets by reporting segment as of March 31, 2013 and December 31, 2012 are presented below:



	March 31, 2013
	Investment		Automotive		Energy		Metals		Railcar		Gaming		Food Packaging			Real Estate		Home Fashion		Holding Company			Consolidated
	(in millions)
ASSETS
Cash and cash equivalents	$	2	$	269	$	1,041	$	16	$	57	$	241	$	18		$	26	$	12	$	755		$	2,437
Cash held at consolidated affiliated partnerships and restricted cash	766		—		—		3		6		15		1			4		9		620			1,424
Investments	7,226		247		—		—		43		35		—			—		13		126			7,690
Accounts receivable, net	—		1,488		283		109		32		12		66			3		35		—			2,028
Inventories, net	—		1,124		525		106		86		—		66			—		61		—			1,968
Property, plant and equipment, net	—		1,946		2,637		139		520		430		153			662		81		3			6,571
Goodwill and intangible assets, net	—		1,772		1,322		11		7		68		11			75		3		—			3,269
Other assets	64		387		93		28		24		51		37			17		23		150			874
Total assets	$	8,058	$	7,233	$	5,901	$	412	$	775	$	852	$	352		$	787	$	237	$	1,654		$	26,261
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	$	544	$	1,901	$	1,547	$	72	$	144	$	131	$	71		$	21	$	30	$	206		$	4,667
Securities sold, not yet purchased, at fair value	620		—		—		—		—		—		—			—		—		—			620
Due to brokers	423		—		—		—		—		—		—			—		—		—			423
Post-employment benefit liability	—		1,361		—		3		9		—		65			—		—		—			1,438
Debt	—		2,818		677		3		150		170		215			70		—		4,081			8,184
Total liabilities	1,587		6,080		2,224		78		303		301		351			91		30		4,287			15,332

Equity attributable to Icahn Enterprises	2,607		816		2,359		334		303		382		(3		)	696		207		(2,633		)	5,068
Equity attributable to non-controlling interests	3,864		337		1,318		—		169		169		4			—		—		—			5,861
Total equity	6,471		1,153		3,677		334		472		551		1			696		207		(2,633		)	10,929
Total liabilities and equity	$	8,058	$	7,233	$	5,901	$	412	$	775	$	852	$	352		$	787	$	237	$	1,654		$	26,261



	December 31, 2012
	Investment		Automotive		Energy		Metals		Railcar		Gaming		Food Packaging			Real Estate		Home Fashion		Holding Company			Consolidated
	(in millions)
ASSETS
Cash and cash equivalents	$	14	$	467	$	896	$	14	$	207	$	243	$	31		$	87	$	67	$	1,045		$	3,071
Cash held at consolidated affiliated partnerships and restricted cash	1,386		—		—		4		3		15		1			2		6		2			1,419
Investments	5,084		240		—		—		57		35		—			—		14		61			5,491
Accounts receivable, net	—		1,375		211		102		37		13		62			5		36		—			1,841
Inventories, net	—		1,074		528		122		110		—		61			—		60		—			1,955
Property, plant and equipment, net	—		1,971		2,648		142		426		431		154			665		83		3			6,523
Goodwill and intangible assets, net	—		1,782		1,327		11		7		68		12			78		3		—			3,288
Other assets	109		373		133		22		15		47		34			15		22		198			968
Total assets	$	6,593	$	7,282	$	5,743	$	417	$	862	$	852	$	355		$	852	$	291	$	1,309		$	24,556
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	$	152	$	1,859	$	1,535	$	73	$	156	$	134	$	74		$	18	$	35	$	178		$	4,214
Securities sold, not yet purchased, at fair value	533		—		—		—		—		—		—			—		—		—			533
Due to brokers	—		—		—		—		—		—		—			—		—		—			—
Post-employment benefit liability	—		1,409		—		3		10		—		66			—		—		—			1,488
Debt	—		2,805		926		3		275		171		215			71		—		4,082			8,548
Total liabilities	685		6,073		2,461		79		441		305		355			89		35		4,260			14,783

Equity attributable to Icahn Enterprises	2,387		860		2,383		338		257		379		(3		)	763		256		(2,951		)	4,669
Equity attributable to non-controlling interests	3,521		349		899		—		164		168		3			—		—		—			5,104
Total equity	5,908		1,209		3,282		338		421		547		—			763		256		(2,951		)	9,773
Total liabilities and equity	$	6,593	$	7,282	$	5,743	$	417	$	862	$	852	$	355		$	852	$	291	$	1,309		$	24,556

Icahn Enterprises Holdings

Due to the structure of our business, the consolidated results of operations for Icahn Enterprises and Icahn Enterprises Holdings are substantially the same. Differences primarily relate to debt, deferred financing costs and amortization of debt discounts and premiums, which are only reflected in the results of operations for the Holding Company. See Note 10, "Debt," for additional information. Segment information for Icahn Enterprises Holdings is presented below for significant financial statement line items affected by these differences.



	Three Months Ended March 31,																March 31,		December 31,
	2013								2012								2013		2012
	Interest Expense		Net Income (Loss)			Net Income (Loss) Attributable to Icahn Enterprises Holdings			Interest Expense		Net Income (Loss)			Net Income (Loss) Attributable to Icahn Enterprises Holdings			Total Assets		Total Assets
	(in millions)																(in millions)
Investment	$	—	$	575		$	233		$	2	$	66		$	31		$	8,058	$	6,593
Automotive	31		(34		)	(29		)	36		33			23			7,233		7,282
Energy	15		222			151			—		—			—			5,901		5,743
Metals	—		(6		)	(6		)	—		(2		)	(2		)	412		417
Railcar	3		9			1			5		12			7			775		862
Gaming	4		4			3			2		10			8			852		852
Food Packaging	5		3			2			5		1			1			352		355
Real Estate	1		5			5			1		5			5			787		852
Home Fashion	—		(3		)	(3		)	—		(9		)	(9		)	237		291
Holding Company	75		(80		)	(80		)	66		(15		)	(15		)	1,668		1,323
Consolidated	$	134	$	695		$	277		$	117	$	101		$	49		$	26,275	$	24,570

Amounts related to the amortization of debt discounts and premiums included in interest expense for the consolidated results of Icahn Enterprises Holdings were $9 million and $8 million for the three months ended March 31, 2013 and 2012, respectively.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2013
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes. For the three months ended March 31, 2013, both Icahn Enterprises and Icahn Enterprises Holdings recorded an income tax expense of $120 million on pre-tax income of $815 million compared to an income tax benefit of $30 million on pre-tax income of $71 million for the three months ended March 31, 2012. Our effective income tax rate was 14.7% and (42.3)% for the three months ended March 31, 2013 and 2012, respectively. For the three months ended March 31, 2013, the difference between the effective tax rate and statutory federal rate of 35% is principally due to partnership income not subject to taxation, as such taxes are the responsibility of the partners. For the three months ended March 31, 2012, the difference between the effective tax rate and statutory federal rate of 35% is principally due to changes in valuation allowances and partnership income not subject to taxation, as such taxes are the responsibility of the partners.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 136, 172
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 43, 44, 45, 46, 47, 48, 49
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Changes in Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2013

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Loss

Changes in Accumulated Other Comprehensive Loss.

Changes in accumulated other comprehensive loss consists of the following:



	Post-Employment Benefits, Net of Tax			Hedge Instruments, Net of Tax			Translation Adjustments and Other, Net of Tax			Total
	(in millions)
Balance at December 31, 2012	$	(639	)	$	(34	)	$	(309	)	$	(982	)
Other comprehensive income (loss) before reclassifications, net of tax	1			(1		)	(40		)	(40		)
Reclassifications from accumulated other comprehensive loss to earnings⁽¹⁾	12			7			(1		)	18
Other comprehensive income (loss), net of tax	13			6			(41		)	(22		)
Balance at March 31, 2013	$	(626	)	$	(28	)	$	(350	)	$	(1,004	)

⁽¹⁾ Refer to Note 11, "Pension, Other Post-employment Benefits and Employee Benefit Plans," and Note 6, "Financial Instruments," for additional information with respect to reclassifications from accumulated other comprehensive loss to earnings relating to post-employment benefits, net of tax and hedge instruments, net of tax, respectively. Such items do not represent reclassifications in their entirety.

Other (Loss) Income, Net

3 Months Ended

Mar. 31, 2013

Other (Loss) Income, Net [Abstract]

Other (Loss) Income, Net

Other (Loss) Income, Net.

Other (loss) income, net consists of the following:



	Three Months Ended March 31,
	2013			2012
	(in millions)
Loss on sale of discontinued operations	$	(47	)	$	—
Gain (loss) on extinguishment of debt	5			(2		)
Realized and unrealized loss on derivatives, net	(20		)	—
Dividend expense related to securities sold, not yet purchased	—			(2		)
Gain on disposition of assets	—			3
Equity earnings from non-consolidated affiliates	8			11
Foreign currency translation gain (loss)	2			(2		)
Other	6			2
	$	(46	)	$	10

During the first quarter of 2013, our Automotive segment recorded a loss on discontinued operations of $47 million related to the disposal of a certain business. Because the financial results from the disposal of this business was not material to our consolidated financial statements, we did not reflect the disposition of this business as discontinued operations in either the current period or on a retrospective basis.

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2013
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies. Investment Dynegy Inc. On March 28, 2012 an action was filed in the U.S. District Court, Southern District of New York, entitled Silsby v. Icahn et. al. Defendants include Carl C. Icahn and two officers of Dynegy Inc ("Dynegy") and certain of its directors. As initially filed, the action purports to be brought as a class action on behalf of Dynegy shareholders who acquired their shares between September 2011 and March 2012. The Complaint alleges violations of the federal securities laws by defendants' allegedly making false and misleading statements in securities filings that artificially inflated the price of Dynegy stock. The individual defendants are alleged to have been controlling persons of Dynegy. Plaintiff is seeking damages in an unspecified amount. Subsequent to the filing of this action, Dynegy filed for bankruptcy, and a U.S. bankruptcy court has approved a Plan of Reorganization. Plaintiff is proceeding with the action and has filed an amended complaint which purports to be a class action on behalf of Dynegy shareholders who acquired their securities between July 10, 2011 and March 9, 2012. However, we believe that we have meritorious defenses to the claims and intend to file a motion to dismiss. At present, the case is being held in temporary abeyance pending a decision by the federal court as to the scope of plaintiff's right to proceed with this action. Automotive Environmental Matters Federal-Mogul is a defendant in lawsuits filed, or the recipient of administrative orders issued or demand letters received, in various jurisdictions pursuant to the Federal Comprehensive Environmental Response Compensation and Liability Act of 1980 (“CERCLA”) or other similar national, provincial or state environmental remedial laws. These laws provide that responsible parties may be liable to pay for remediating contamination resulting from hazardous substances that were discharged into the environment by them, by prior owners or occupants of property they currently own or operate, or by others to whom they sent such substances for treatment or other disposition at third party locations. Federal-Mogul has been notified by the United States Environmental Protection Agency, other national environmental agencies, and various provincial and state agencies that it may be a potentially responsible party (“PRP”) under such laws for the cost of remediating hazardous substances pursuant to CERCLA and other national and state or provincial environmental laws. PRP designation often results in the funding of site investigations and subsequent remedial activities. Many of the sites that are likely to be the costliest to remediate are often current or former commercial waste disposal facilities to which numerous companies sent wastes. Despite the potential joint and several liability which might be imposed on Federal-Mogul under CERCLA and some of the other laws pertaining to these sites, its share of the total waste sent to these sites has generally been small. Federal-Mogul believes its exposure for liability at these sites is limited. Federal-Mogul has also identified certain other present and former properties at which it may be responsible for cleaning up or addressing environmental contamination, in some cases as a result of contractual commitments and/or federal or state environmental laws. Federal-Mogul is actively seeking to resolve these actual and potential statutory, regulatory and contractual obligations. Although difficult to quantify based on the complexity of the issues, Federal-Mogul has accrued amounts corresponding to its best estimate of the costs associated with such regulatory and contractual obligations on the basis of available information from site investigations and best professional judgment of consultants. Total environmental liabilities, determined on an undiscounted basis, were $14 million and $15 million at March 31, 2013 and December 31, 2012, respectively, and are included in accrued expenses and other liabilities in our consolidated balance sheets. Federal-Mogul believes that recorded environmental liabilities will be adequate to cover its estimated liability for its exposure in respect to such matters. In the event that such liabilities were to significantly exceed the amounts recorded by Federal-Mogul, our Automotive segment's results of operations could be materially affected. At March 31, 2013, Federal-Mogul estimates reasonably possible material additional losses, above and beyond its best estimate of required remediation costs as recorded, to approximate $42 million. Asset Retirement Obligations Federal-Mogul has identified sites with contractual obligations and several sites that are closed or expected to be closed and sold. In connection with these sites, Federal-Mogul has accrued $29 million at each of March 31, 2013 and December 31, 2012, respectively, for ARO's, primarily related to anticipated costs of removing hazardous building materials at its facilities, and has considered impairment issues that may result from capitalization of these ARO amounts. Federal-Mogul has conditional asset retirement obligations ("CARO"), primarily related to removal costs of hazardous materials in buildings, for which it believes reasonable cost estimates cannot be made at this time because it does not believe it has a reasonable basis to assign probabilities to a range of potential settlement dates for these retirement obligations. Accordingly, Federal-Mogul is currently unable to determine amounts to accrue for CARO at such sites. Energy Unconditional Purchase Obligations CVR leases various equipment, including rail cars, and real properties under long-term operating leases expiring at various dates. For the three months ended March 31, 2013, lease expense approximated $2 million. The lease agreements have various remaining terms. Some agreements are renewable, at CVR's option, for additional periods. It is expected, in the ordinary course of business, that leases will be renewed or replaced as they expire. Additionally, in the normal course of business, CVR has long-term commitments to purchase oxygen, nitrogen, electricity, storage capacity and pipeline transportation services. Crude Oil Supply Agreement On August 31, 2012, Coffeyville Resources Refining & Marketing, LLC ("CRRM") and Vitol Inc. (“Vitol”), entered into an Amended and Restated Crude Oil Supply Agreement (“Vitol Agreement”). The Vitol Agreement amends and restates the Crude Oil Supply Agreement between CRRM and Vitol dated March 30, 2011, as amended (“Previous Supply Agreement”). Under the Vitol Agreement, Vitol supplies the petroleum business with crude oil and intermediation logistics, which helps to reduce CVR Refining's inventory position and mitigate crude oil pricing risk. The Vitol Agreement has an initial term commencing on August 31, 2012 and extending through December 31, 2014 ("Initial Term"). Following the Initial Term, the Vitol Agreement will automatically renew for successive one-year terms (each such term, a "Renewal Term") unless either party provides the other with notice of nonrenewal at least 180 days prior to expiration of the Initial Term or any Renewal Term. Notwithstanding the foregoing, CRRM has an option to terminate the Vitol Agreement effective December 31, 2013 by providing written notice of termination to Vitol on or before May 1, 2013. Litigation From time to time, CVR is involved in various lawsuits arising in the normal course of business, including matters such as those described below under, "Environmental, Health and Safety Matters." Liabilities related to such litigation are recognized when the related costs are probable and can be reasonably estimated. These provisions are reviewed at least quarterly and adjusted to reflect the impacts of negotiations, settlements, rulings, advice of legal counsel, and other information and events pertaining to a particular case. It is possible that CVR's management estimates of the outcomes will change due to uncertainties inherent in litigation and settlement negotiations. In the opinion of CVR management, the ultimate resolution of any other litigation matters is not expected to have a material adverse effect on the consolidated financial statements. There can be no assurance that CVR management's beliefs or opinions with respect to liability for potential litigation matters are accurate. In May 2010, separate groups of plaintiffs ("Anstine and Arrow cases") filed two lawsuits against CRRM and other defendants in state court in Oklahoma and Kansas. Both lawsuits were removed to federal court and were then transferred to the Bankruptcy Court for the United States District Court for the District of Delaware. The Anstine and Arrow cases allege the respective plaintiffs sold crude oil to a group of companies, which generally are known as SemCrude or SemGroup (collectively, “Sem”), which later declared bankruptcy and that Sem has not paid such plaintiffs for all of the crude oil purchased from Sem. Both lawsuits seek the same remedy, the imposition of a trust, an accounting and the return of crude oil or the proceeds therefrom. In February 2013, CRRM agreed to a settlement in the Anstine and Arrow cases. The settlement did not have a material adverse effect on the consolidated financial statements. On June 21, 2012, Goldman, Sachs & Co. (“GS”) filed suit against CVR in state court in New York, alleging that CVR failed to pay GS approximately $18.5 million in fees allegedly due to GS by CVR pursuant to an engagement letter dated March 21, 2012, which according to the allegations set forth in the complaint, provided that GS was engaged by CVR to assist CVR and the CVR board of directors in connection with a tender offer for CVR's common stock made by Carl C. Icahn and certain of his affiliates. CVR believes it has meritorious defenses and intends to vigorously defend against the suit. This amount has been fully accrued as of March 31, 2013 and December 31, 2012. On August 10, 2012, Deutsche Bank (“DB”) filed suit against CVR in state court in New York, alleging that CVR failed to pay DB $18.5 million in fees allegedly due to DB by CVR pursuant to an engagement letter dated March 23, 2012, which according to the allegations set forth in the complaint, provided that DB was engaged by CVR to assist CVR and the CVR board of directors in connection with a tender offer for CVR's stock made by Carl C. Icahn and certain of his affiliates. CVR believes it has meritorious defenses and intends to vigorously defend against the suit. This amount has been fully accrued as of March 31, 2013 and December 31, 2012. On December 17, 2012, Gary Community Investment Company, f/k/a The Gary-Williams Company and GWEC Holding Company, Inc. (referred to herein collectively as “Gary-Williams”) filed a lawsuit in the Supreme Court of New York, New York County (Gary Community Investment Co. v. CVR Energy, Inc., No. 654401/12) against CVR and CRLLC (referred to collectively for purposes of this paragraph as “CVR”). The action arises out of claims relating to CVR's purchase of the Wynnewood, Oklahoma refinery pursuant to the Purchase and Sale Agreement entered into by the parties on November 2, 2011 (“Purchase Agreement”). Specifically, CVR provided notice to Gary-Williams that it sought indemnification for various breaches of the Purchase Agreement and subsequently made a claim notice for payment of the entire escrow property pursuant to the Escrow Agreement by and among Gary-Williams, CRLLC, and the escrow agent, dated as of December 15, 2011. Gary-Williams, in its lawsuit, alleges that CVR breached the Purchase Agreement and the Escrow Agreement, and is seeking a declaratory judgment that CVR's claims are without any legal basis, damages in an unspecified amount, and release of the full amount of the escrow property to Gary-Williams. CRNF received a ten-year property tax abatement from Montgomery County, Kansas in connection with the construction of the nitrogen fertilizer plant that expired on December 31, 2007. In connection with the expiration of the abatement, the county reclassified and reassessed CRNF's nitrogen fertilizer plant for property tax purposes. The reclassification and reassessment resulted in an increase in CRNF's annual property tax expense by an average of $11 million per year for each of the years ended December 31, 2008 and 2009, $12 million for the year ended December 31, 2010 and $11 million for each of the years ended December 31, 2011 and 2012. CRNF protested the classification and resulting valuation for each of those years to the Kansas Court of Tax Appeals ("COTA"), followed by an appeal to the Kansas Court of Appeals. However, CRNF fully accrued and paid the property taxes the county claimed were owed for the years ended December 31, 2011, 2010, 2009 and 2008 and has estimated and accrued for property tax for the year ended December 31, 2012. The first payment in respect to CRNF's 2012 property taxes was made in December 2012 and the second payment will be made in May 2013. On February 25, 2013, Montgomery County and CRNF agreed to a settlement for tax years 2009 through 2012, which will lower CRNF's property taxes by about $11 million per year for tax years 2013 through 2016 based on current mill levy rates. In addition, the settlement provides that Montgomery County will support CRNF's application before COTA for a ten year tax exemption for the UAN expansion. Finally, the settlement provides that CRNF will continue its appeal of the 2008 reclassification and reassessment. Flood, Crude Oil Discharge and Insurance Crude oil was discharged from CVR's Coffeyville refinery on July 1, 2007, due to the short amount of time available to shut down and secure the refinery in preparation for the flood that occurred on June 30, 2007. In connection with the discharge, CVR received in May 2008 notices of claims from 16 private claimants under the Oil Pollution Act ("OPA") in an aggregate amount of approximately $4 million (plus punitive damages). In August 2008, those claimants filed suit against CVR in the United States District Court for the District of Kansas in Wichita (the "Angleton Case"). In October 2009 and June 2010, companion cases to the Angleton Case were filed in the United States District Court for the District of Kansas in Wichita, seeking a total of approximately $3 million (plus punitive damages) for three additional plaintiffs as a result of the July 1, 2007 crude oil discharge. CVR has settled all of the claims with the plaintiffs from the Angleton Case and has settled all of the claims except for one of the plaintiffs from the companion cases. The settlements did not have a material adverse effect on the consolidated financial statements. CVR believes that the resolution of the remaining claim will not have a material adverse effect on our Energy segment's financial results. On October 25, 2010, CVR received a letter from the United States Coast Guard on behalf of the EPA seeking $2 million in oversight cost reimbursement. CVR responded by asserting defenses to the Coast Guard's claim for oversight costs. On September 23, 2011, the United States Department of Justice ("DOJ"), acting on behalf of the U.S. Environmental Protection Agency ("EPA") and the United States Coast Guard, filed suit against CRRM in the United States District Court for the District of Kansas seeking recovery from CRRM related to alleged non-compliance with the Clean Air Act's Risk Management Program (“RMP”), the Clean Water Act (“CWA”) and the OPA. CRRM has reached an agreement with the DOJ resolving its claims under CWA and OPA. The agreement is memorialized in a Consent Decree that was filed and approved with the Court on February 12, 2013 and March 25, 2013, respectively (“2013 Consent Decree”). On April 19, 2013, CRRM paid a civil penalty plus accrued interest in the amount of $0.6 million for CWA violations and reimbursed the Coast Guard for oversight costs under OPA in the amount of $1.7 million. The 2013 Consent Decree also requires CRRM to make small capital upgrades to the Coffeyville refinery crude oil tank farm, develop flood procedures and provide employee training. The parties also are negotiating an agreement to settle DOJ's RMP claims. Any liability to DOJ related to the RMP claims is not expected to be material. CVR is seeking insurance coverage for this release and for the ultimate costs for remediation and third-party property damage claims. On July 10, 2008, CVR filed a lawsuit in the United States District Court for the District of Kansas against certain of CVR's environmental insurance carriers requesting insurance coverage indemnification for the June/July 2007 flood and crude oil discharge losses. Each insurer reserved its rights under various policy exclusions and limitations and cited potential coverage defenses. Although the Court has now issued summary judgment opinions that eliminate the majority of the insurance defendants' reservations and defenses, CVR cannot be certain of the ultimate amount or timing of such recovery because of the difficulty inherent in projecting the ultimate resolution of CVR's claims. CVR has received $25 million of insurance proceeds under its primary environmental liability insurance policy which constitutes full payment to CVR of the primary pollution liability policy limit. The lawsuit with the insurance carriers under the environmental policies remains the only unsettled lawsuit with the insurance carriers related to these events. Environmental, Health and Safety Matters The petroleum and nitrogen fertilizer businesses are subject to various stringent federal, state, and local Environmental, Health and Safety ("EHS") rules and regulations. Liabilities related to EHS matters are recognized when the related costs are probable and can be reasonably estimated. Estimates of these costs are based upon currently available facts, existing technology, site-specific costs, and currently enacted laws and regulations. In reporting EHS liabilities, no offset is made for potential recoveries. CRRM, CRNF, Coffeyville Resources Crude Transportation ("CRCT"), Wynnewood Refining Company, LLC ("WRC") and Coffeyville Resources Terminal, LLC ("CRT") own and/or operate manufacturing and ancillary operations at various locations directly related to petroleum refining and distribution and nitrogen fertilizer manufacturing. Therefore, CRRM, CRNF, CRCT, WRC and CRT have exposure to potential EHS liabilities related to past and present EHS conditions at these locations. Under the Comprehensive Environmental Response, Compensation, and Liability Act ("CERCLA"), the Resource Conservation and Recovery Act (“RCRA”), and related state laws, certain persons may be liable for the release or threatened release of hazardous substances. These persons include the current owner or operator of property where a release or threatened release occurred, any persons who owned or operated the property when the release occurred, and any persons who disposed of, or arranged for the transportation or disposal of, hazardous substances at a contaminated property. Liability under CERCLA is strict, and under certain circumstances, joint and several, so that any responsible party may be held liable for the entire cost of investigating and remediating the release of hazardous substances. Similarly, the OPA generally subjects owners and operators of facilities to strict, joint and several liability for all containment and clean-up costs, natural resource damages, and potential governmental oversight costs arising from oil spills into the waters of the United States. CRRM and CRT have agreed to perform corrective actions at the Coffeyville, Kansas refinery and the now-closed Phillipsburg, Kansas terminal facility, pursuant to Administrative Orders on Consent issued under RCRA to address historical contamination by the prior owners (RCRA Docket No. VII-94-H-0020 and Docket No. VII-95-H-011, respectively). As of both March 31, 2013 and December 31, 2012, environmental accruals of $2 million were reflected in the consolidated balance sheets for probable and estimated costs for remediation of environmental contamination under the RCRA Administrative Orders. Accruals were determined based on an estimate of payment costs through 2031, for which the scope of remediation was arranged with the EPA, and were discounted at the appropriate risk free rates at March 31, 2013 and December 31, 2012. The accruals include estimated closure and post-closure costs of $1 million for two landfills as of both March 31, 2013 and December 31, 2012. CVR's management periodically reviews and, as appropriate, revises its environmental accruals. Based on current information and regulatory requirements, CVR's management believes that the accruals established for environmental expenditures are adequate. CRRM, CRNF, CRCT, WRC and CRT are subject to extensive and frequently changing federal, state and local, environmental and health and safety laws and regulations governing the emission and release of hazardous substances into the environment, the treatment and discharge of waste water, the storage, handling, use and transportation of petroleum and nitrogen products, and the characteristics and composition of gasoline and diesel fuels. The ultimate impact on CVR's business of complying with evolving laws and regulations is not always clearly known or determinable due in part to the fact that our operations may change over time and certain implementing regulations for laws, such as the federal Clean Air Act, have not yet been finalized, are under governmental or judicial review or are being revised. These laws and regulations could result in increased capital, operating and compliance costs. In 2007, the EPA promulgated the Mobile Source Air Toxic II (“MSAT II”) rule that requires the reduction of benzene in gasoline by 2011. CRRM and WRC are considered to be small refiners under the MSAT II rule and compliance with the rule is extended until 2015 for small refiners. As a result of our purchase of a controlling interest in CVR on May 4, 2012, CVR's MSATII projects have been accelerated by three months due to the loss of small refiner status. Capital expenditures to comply with the rule are expected to be approximately $59 million for CRRM and approximately $94 million for WRC. The petroleum business is subject to the Renewable Fuel Standard ("RFS") which requires refiners to blend "renewable fuels" in with their transportation fuels or purchase renewable energy credits, known as renewable identification numbers ("RINs"), in lieu of blending. The EPA is required to determine and publish the applicable annual renewable fuel percentage standards for each compliance year by November 30 for the forthcoming year. The percentage standards represent the ratio of renewable fuel volume to gasoline and diesel volume. In 2013, about 9.6% of all transportation fuel is required to be "renewable fuel". Beginning in 2011, the Coffeyville refinery was required to blend renewable fuels into its gasoline and diesel fuel or purchase RINs in lieu of blending, and in 2013, the Wynnewood refinery was required to comply. From time to time, the petroleum business may purchase RINs on the open market or waiver credits for cellulosic biofuels from the EPA in order to comply with RFS. While the petroleum business cannot predict the future prices of RINs or waiver credits, the cost of purchasing RINs has been extremely volatile and has significantly increased over the last year. If the petroleum business is unable to pass the costs of compliance with RFS on to its customers, if sufficient RINs are unavailable for purchase at times when the petroleum business seeks to purchase RINs, if the petroleum business has to pay a significant higher price for RINs or if the petroleum business is subject to penalties as a result of delays in its ability to timely deliver RINs to the EPA, its business, financial condition and results of operations could be materially adversely affected. In 2013, the EPA proposed "Tier 3" gasoline sulfur standards. Based on the proposed standards, CRRM anticipates it will incur less than $20 million of capital expenditures to install controls in order to meet the anticipated new standards. The project is expected to be completed during the Coffeyville refinery's next scheduled turnaround in 2016. It is not anticipated that the Wynnewood refinery would require additional controls or capital expenditures to meet the anticipated new standard. In March 2004, CRRM and CRT entered into a Consent Decree (the "2004 Consent Decree") with the EPA and the Kansas Department of Health and Environment (the "KDHE") to resolve air compliance concerns raised by the EPA and KDHE related to Farmland Industries Inc.'s prior ownership and operation of the Coffeyville crude oil refinery and the now-closed Phillipsburg terminal facilities. Under the 2004 Consent Decree, CRRM agreed to install controls to reduce emissions of sulfur dioxide, nitrogen oxides and particulate matter from its FCCU by January 1, 2011. In addition, pursuant to the 2004 Consent Decree, CRRM and CRT assumed clean-up obligations at the Coffeyville refinery and the now-closed Phillipsburg terminal facilities. In March 2012, CRRM entered into a "Second Consent Decree" with the EPA, which replaces the 2004 Consent Decree, as amended (other than certain financial assurance provisions associated with corrective action at the refinery and terminal under RCRA). The Second Consent Decree gives CRRM more time to install the FCCU controls from the 2004 Consent Decree and expands the scope of the settlement so that it is now considered a "global settlement" under the EPA's "National Petroleum Refining Initiative." Under the National Petroleum Refining Initiative, the EPA identified industry-wide noncompliance with four "marquee" issues under the Clean Air Act: New Source Review, Flaring, Leak Detection and Repair, and Benzene Waste Operations NESHAP. The National Petroleum Refining Initiative has resulted in most U.S. refineries (representing more than 90% of the US refining capacity) entering into consent decrees imposing civil penalties and requiring the installation of pollution control equipment and enhanced operating procedures. Under the Second Consent Decree, CVR was required to pay a civil penalty of less than $1 million and complete the installation of FCCU controls required under the 2004 Consent Decree, add controls to certain heaters and boilers and enhance certain work practices relating to wastewater and fugitive emissions. The remaining costs of complying with the Second Consent Decree are expected to be approximately $41 million, of which approximately $39 million is expected to consist of capital expenditures for air pollution control equipment. CRRM also agreed to complete a voluntary environmental project that will reduce air emissions and conserve water at an estimated cost of $1 million. Additional incremental capital expenditures associated with the Second Consent Decree will not be material and will be limited primarily to the retrofit and replacement of heaters and boilers over a five to seven year time-frame. The Second Consent Decree was entered by the U.S. District Court for the District of Kansas on April 19, 2012. WRC's refinery has not entered into a global settlement with the EPA and the Oklahoma Department of Environmental Quality ("ODEQ") under the National Petroleum Refining Initiative, although it had discussions with the EPA and the ODEQ about doing so. Instead, WRC entered into a Consent Order with the ODEQ in August 2011 ("Wynnewood Consent Order"). The Wynnewood Consent Order addresses some, but not all, of the traditional marquee issues under the National Petroleum Refining Initiative and addresses certain historic Clean Air Act compliance issues that are generally beyond the scope of a traditional global settlement. Under the Wynnewood Consent Order, WRC paid a civil penalty of $950,000 and agreed to install certain controls, enhance certain compliance programs, and undertake additional testing and auditing. A substantial portion of the costs of complying with the Wynnewood Consent Order were expended during the last turnaround. The remaining costs are expected to be $2 million. In consideration for entering into the Wynnewood Consent Order, WRC received a release from liability from ODEQ for matters described in the ODEQ order. From time to time, the EPA has conducted inspections and issued information requests to CRNF with respect to CVR's compliance with the RMP and the release reporting requirements under CERCLA and the EPCRA. These previous investigations have resulted in the issuance of preliminary findings regarding CRNF's compliance status. In the fourth quarter of 2010, following CRNF's reported release of ammonia from its cooling water system and the rupture of its UAN vessel (which released ammonia and other regulated substances), the EPA conducted its most recent inspection and issued an additional request for information to CRNF. The EPA has not made any formal claims against CVR and CVR has not accrued for any liability associated with the investigations or releases. WRC has entered into a series of Clean Water Act consent orders with ODEQ. The latest Consent Order ("CWA Consent Order"), which supersedes other consent orders, became effective in September 2011. The CWA Consent Order addresses alleged noncompliance by WRC with its Oklahoma Pollutant Discharge Elimination System permit limits. The CWA Consent Order requires WRC to take corrective action steps, including undertaking studies to determine whether the Wynnewood refinery's wastewater treatment plant capacity is sufficient. The Wynnewood refinery may need to install additional controls or make operational changes to satisfy the requirements of the CWA Consent Order. The cost of additional controls, if any, cannot be predicted at this time. However, based on CVR's experience with wastewater treatment and controls, CVR does not anticipate that the costs of any required additional controls or operational changes would be material. Environmental expenditures are capitalized when such expenditures are expected to result in future economic benefits. For the three months ended March 31, 2013, capital expenditures were $22 million and were incurred to improve the environmental compliance and efficiency of the operations. CRRM, CRNF, CRCT, WRC and CRT each believes it is in substantial compliance with existing EHS rules and regulations. There can be no assurance that the EHS matters described above or other EHS matters which may develop in the future will not have a material adverse effect on CVR's business, financial condition, or results of operations. On September 28, 2012, the Wynnewood refinery experienced an explosion in a boiler unit during startup after a short outage as part of the turnaround process. Two employees were fatally injured. Damage at the refinery was limited to the boiler. Additionally, there was no environmental impact. The refinery was in the final stages of shutdown for turnaround maintenance at the time of the incident. The petroleum business completed an internal investigation of the incident and continues to cooperate with OSHA and Oklahoma Department of Labor ("ODL") investigations. OSHA also conducted a general inspection of the facility during the boiler incident investigation. In March 2013, OSHA completed its investigation and communicated its citations to WRC. OSHA also placed WRC in its Severe Violators Enforcement Program (“SVEP”). WRC has filed its notice of contest against the citations, and will vigorously defend against the citations and OSHA's placement of WRC in the SVEP. WRC is in the process of reviewing the citations and no settlement has been reached. Any penalties associated with OSHA's citations are not expected to have a material adverse effect on the condensed consolidated financial statements. Metals Environmental Matters Certain of PSC Metals' facilities are environmentally impaired in part as a result of operating practices at the sites prior to their acquisition by PSC Metals and as a result of PSC Metals' operations. PSC Metals has established procedures to periodically evaluate these sites, giving consideration to the nature and extent of the contamination. PSC Metals has provided for the remediation of these sites based upon management's judgment and prior experience. PSC Metals has estimated the liability to remediate these sites to be $29 million for both March 31, 2013 and December 31, 2012. Management believes, based on past experience, that the vast majority of these environmental liabilities and costs will be assessed and paid over an extended period of time. PSC Metals believes that it will be able to fund such costs in the ordinary course of business. Estimates of PSC Metals' liability for remediation of a particular site and the method and ultimate cost of remediation require a number of assumptions that are inherently difficult to make, and the ultimate outcome may be materially different from current estimates. Moreover, because PSC Metals has disposed of waste materials at numerous third-party disposal facilities, it is possible that PSC Metals will be identified as a PRP at additional sites. The impact of such future events cannot be estimated at the current time. PSC Metals has been designated as a PRP under U.S. federal and state superfund laws with respect to certain sites with which PSC Metals may have had a direct or indirect involvement. It is alleged that PSC Metals and its subsidiaries or their predecessors transported waste to the sites, disposed of waste at the sites or operated the sites in question. PSC Metals has negotiated a settlement with the EPA that resolves PSC Metals and its predecessors' liability associated with the Port Refinery superfund site in the Village of Rye Brook, NY. PSC Metals made a one-time payment of $225,000 to resolve the matter. With respect to all other matters in which PSC Metals has been designated as a PRP under U.S. federal and state superfund laws, PSC Metals has reviewed the nature and extent of the allegations, the number, connection and financial ability of other named and unnamed PRPs and the nature and estimated cost of the likely remedy. Based on reviewing the nature and extent of the allegations, PSC Metals has estimated its liability to remediate these sites to be immaterial at each of March 31, 2013 and December 31, 2012. If it is determined that PSC Metals has liability to remediate those sites and that more expensive remediation approaches are required in the future, PSC Metals could incur additional obligations, which could be material. In November and December of 2011, PSC Metals received three notices of violation from the Missouri Department of Natural Resources ("MDNR") for hazardous waste and water violations related to its Festus, Missouri location. PSC Metals has responded to the notices of violation and is cooperating with MDNR. PSC Metals is in the process of negotiating a settlement with MDNR that will resolve the three notices of violation referenced above. PSC Metals cannot estimate the cost of any settlement with MDNR at this time. PSC Metals believes that it has a claim for indemnification against the prior owner of the facility associated with the above-referenced notices of violation. MDNR has undertaken sampling for lead at residences near PSC Metals' Festus yard. MDNR has indicated to PSC Metals that this sampling was initiated in response to citizen complaints regarding its Festus yard. MDNR has received the results of this sampling. PSC Metals has been provided with the MDNR sampling results and is undertaking a technical review with its environmental experts. PSC Metals has been informed by MDNR that of the approximately 50 residences that were sampled and tested, 15 tested above residential standards for lead contamination and may require some amount of limited soil remediation. Neither MDNR nor PSC Metals has undertaken a lead isotope or similar analysis that would tie the lead contamination that was discovered to a specific location or source. MDNR has requested that PSC Metals sample 19 additional residential properties to assess whether those sites are above residential standards for lead contamination. PSC Metals and MDNR are discussing the scope and extent of any future sampling and the potential for limited soil remediation. At this time, PSC Metals believes that it has adequately reserved for the cost of remediation associated with its Festus yard and the residential areas near the yard, should such remediation be required. However, as negotiations with MDNR are on-going and additional sampling could be required, PSC Metals cannot assess its liability with certainty at this time. To the extent that MDNR does seek to hold PSC Metals liable for off-site contamination, PSC Metals believes that such liability was retained by the prior owner of the Festus yard and it would have a claim for indemnification against the prior owner. In 2011, PSC Metals entered into a consent decree with the EPA regarding PSC Metals' scrap processing facility located in Cleveland, Ohio. The EPA alleged that PSC Metals violated the requirements of Section 608 of the Clean Air Act, 42 USC Section 761, which requires scrap processors to either recover refrigerants from appliances in accordance with the procedures described in the applicable federal regulations or verify through certifications that refrigerants have previously been evacuated. The consent decree includes injunctive relief that, among other things, will require PSC Metals to offer refrigerant extraction services at 11 of its scrap processing facilities for the next three years. PSC Metals estimates that the cost associated with the required injunctive relief will range from $0.8 million to $1.7 million, exclusive of a civil penalty of $199,000 assessed in connection with the consent decree which PSC Metals paid in 2011. Railcar Environmental Matters ARI is subject to comprehensive federal, state, local and international environmental laws and regulations relating to the release or discharge of materials into the environment, the management, use, processing, handling, storage, transport or disposal of hazardous materials and wastes, or otherwise relating to the protection of human health and the environment. These laws and regulations not only expose ARI to liability for the environmental condition of its current or formerly owned or operated facilities, and its own negligent acts, but also may expose ARI to liability for the conduct of others or for ARI's actions that were in compliance with all applicable laws at the time these actions were taken. In addition, these laws may require significant expenditures to achieve compliance, and are frequently modified or revised to impose new obligations. Civil and criminal fines and penalties and other sanctions may be imposed for non-compliance with these environmental laws and regulations. ARI's operations that involve hazardous materials also raise potential risks of liability under common law. Management believes that there are no current environmental issues identified that would have a material adverse effect on ARI. Certain real property ARI acquired from ACF Industries LLC ("ACF") in 1994 has been involved in investigation and remediation activities to address contamination. Substantially all of the issues identified relate to the use of these properties prior to their transfer to ARI by ACF and for which ACF has retained liability for environmental contamination that may have existed at the time of transfer to ARI. ACF has also agreed to indemnify ARI for any cost that might be incurred with those existing issues. As of March 31, 2013, ARI does not believe it will incur material costs in connection with any investigation or remediation activities relating to these properties, but it cannot assure that this will be the case. If ACF fails to honor its obligations to ARI, ARI could be responsible for the cost of such remediation. ARI believes that its operations and facilities are in substantial compliance with applicable laws and regulations and that any noncompliance is not likely to have a material adverse effect on its operations or financial condition. Other Matters On September 2, 2009, a complaint was filed by George Tedder ("Plaintiff") against ARI in the U.S. District Court, Eastern District of Arkansas. The Plaintiff alleged that ARI was liable for an injury that resulted during the Plaintiff's break on April 24, 2008. At trial on April 9, 2012, the jury ruled in favor of the Plaintiff, which was subsequently appealed. As a result of the appeal, the judge reduced the amount awarded to the plaintiff, which was fully accrued as of March 31, 2013 and December 31, 2012. In the first quarter of 2013, ARI filed an appeal of the revised ruling. Gaming Aztar v. Marsh On August 12, 2010, Aztar filed a broker malpractice and breach of contract action in the Superior Court of New Jersey, Atlantic County, Law Division (the “Court”), against Marsh & McLennan Companies, Marsh, Inc., Marsh USA, Inc. and various fictitious Marsh entities (together, the "Marsh Defendants"). The claim seeks $100 million or more in compensatory damages against the Marsh Defendants, Aztar's risk management and insurance brokers at the time of a 2002 expansion of Tropicana AC by Aztar, including, but not limited to, lost profits, expenses arising from the interruption of operations, attorneys' fees, loss of the use of the insurance proceeds at issue, and litigation expenses resulting from the Marsh Defendants' failure to secure for Aztar business interruption and property damage coverage covering losses sustained by Aztar from the collapse of a parking garage that occurred at Tropicana AC on October 30, 2003. The Marsh Defendants filed an answer on October 20, 2010 denying the material allegations of the complaint and subsequently filed a Motion to Dismiss for Forum Non Conveniens in December 2010, which motion was denied by the Court on April 12, 2011. On August 18, 2011 the Marsh Defendants filed a Motion for Summary Judgment arguing that the Court should apply the Arizona Statue of Limitations to the action. Aztar filed an objection to the Marsh Defendants' motion on September 23, 2011 arguing, inter alia, that the New Jersey Statute of Limitations applies to the action. The Marsh Defendants filed its Reply on October 3, 2011. The motion was argued in January 2012. In April 2012, the Court granted the Marsh Defendants' motion for Summary Judgment dismissing Aztar's complaint with prejudice. Subsequently, Aztar filed a Motion for Reconsideration with the Court, which motion was denied. In September 2012, Aztar appealed the Court's decision to dismiss the case with the Superior Court of New Jersey, Appellate Division, which appeal is currently pending. Any recovery obtained by Aztar in this action will be recoverable by Tropicana as the current owner of Tropicana AC. Tropicana AC Tax Appeal Settlement In January 2013 we settled outstanding real estate tax appeals involving our Tropicana AC property with the City of Atlantic City. The settlement involves the tax years 2008 through 2012 and also covers negotiated real estate assessments for 2013 and 2014. Under the terms of the settlement, Tropicana AC will receive approximately $50 million refund in the form of credits against future year real estate tax bills beginning in 2013 and ending in 2017. The credits are front-loaded in 2013 and 2014 so that after the credits are applied, Tropicana will pay approximately $2 million in taxes in 2013 and $3 million in taxes in 2014, with the remainder of the credits spread over the remaining three years, 2015 through 2017. Tropicana will recognize these credits as a reduction to operating expenses in the periods they are utilized. Food Packaging Tax Matter During 2005, Viskase Brasil Embalagens Ltda. (“Viskase Brazil”) received three tax assessments by São Paulo tax authorities with respect to Viskase Brazil's alleged failure to pay value added and sales and services tax (“ICMS”) levied on the importation of raw materials, and sales of goods in and out of the State of São Paulo, and alleged improper credits taken, from 2000 through 2005. In late December 2012, São Paulo issued a decree announcing a special installment program (“PEP Program”) for eligible companies that wish to settle alleged ICMS liabilities arising prior to July 31, 2012. The PEP Program offers significant reductions in interest and penalties to companies that choose to participate. Viskase Brazil is currently reviewing the terms of the PEP Program. Viskase Brazil has vigorously defended against these assessments in administrative and/or judicial proceedings since receipt, and continues to do so. Home Fashion Environmental Matters WPH is subject to various federal, state and local environmental laws and regulations governing, among other things, the discharge, storage, handling and disposal of a variety of hazardous and nonhazardous substances and wastes used in or resulting from its operations and potential remediation obligations. WPH's operations are also governed by U.S. federal, state, local and foreign laws, rules and regulations relating to employee safety and health which, among other things, establish exposure limitation for cotton dust, formaldehyde, asbestos and noise, and which regulate chemical, physical and ergonomic hazards in the workplace. WPH estimated its environmental accruals to be $1 million at both March 31, 2013 and December 31, 2012. Other Matters Mr. Icahn, through certain affiliates, owns 100% of Icahn Enterprises GP and approximately 90.5% of Icahn Enterprises' outstanding depositary units as of March 31, 2013. 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 ("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 all entities in which Mr. Icahn has a direct or indirect ownership interest of at least 80%. One such entity, ACF, is the sponsor of several pension plans. All the minimum funding requirements of the Code and the Employee Retirement Income Security Act of 1974, as amended by the Pension Protection Act of 2006, for these plans have been met as of March 31, 2013 and December 31, 2012. If the plans were voluntarily terminated, they would be underfunded by approximately $127 million and $130 million as of March 31, 2013 and December 31, 2012, respectively. 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 ACF to make ongoing pension contributions or to pay the unfunded liabilities upon a termination of the 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 ACF pension plans requires ACF to notify the PBGC of certain “reportable events,” such as if we cease to be a member of the 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 100% 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. The Starfire indemnity (which does not extend to pension liabilities of our subsidiaries that would be imposed on us as a result of our interest in these subsidiaries and not as a result of Mr. Icahn and his affiliates holding more than an 80% ownership interest in us) 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.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14435-108349

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.25)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2013
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events. Icahn Enterprises Distribution On April 29, 2013, the Board of Directors of the general partner of Icahn Enterprises declared a quarterly distribution in the amount of $1.00, which will be paid on or about July 5, 2013 to depositary unit holders of record at the close of business on May 13, 2013. Depositary unit holders will have until June 3, 2013 to make an election to receive either cash or additional depositary units; if a holder does not make an election, it will automatically be deemed to have elected to receive the dividend in cash. Depositary unit holders who elect to receive additional depositary units will receive units valued at the volume weighted average trading price of the units on NASDAQ during the 20 consecutive trading days ending July 1, 2013. No fractional depositary units will be issued pursuant to the dividend payment. Icahn Enterprises will make a cash payment in lieu of issuing fractional depositary units to any holders electing to receive depositary units. Any holders that would only be eligible to receive a fraction of a depositary unit based on the above calculation will receive a cash payment. Automotive In April 2013, Federal-Mogul ceased operations at one of its U.S. manufacturing locations. The resulting reduction in the average remaining future service period to the full eligibility date of the remaining active plan participants in Federal-Mogul's U.S. Welfare Benefit Plan will trigger the recognition of an OPEB curtailment gain of approximately $19 million in the second quarter of 2013, which will be included in selling, general and administrative in the consolidated financial statements. Investment Subsequent to March 31, 2013, an affiliate of Mr. Icahn invested $45 million in the Investment Funds.

Description of Business and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2013
Accounting Policies [Abstract]
Reclassification, Policy [Policy Text Block]	Reclassifications Certain reclassifications from the prior year presentation have been made to conform to the current year presentation.
Consolidation, Variable Interest Entity, Policy [Policy Text Block]	Principles of Consolidation General Our consolidated financial statements include the accounts of (i) Icahn Enterprises and (ii) the wholly and majority owned subsidiaries of Icahn Enterprises, in addition to those entities in which we have a controlling interest as a general partner interest or in which we may be the primary beneficiary of a variable interest entity (“VIE”). In evaluating whether we have a controlling financial interest in entities in which we would consolidate, we consider the following: (1) for voting interest entities, we consolidate these entities in which we own a majority of the voting interests; and (2) for limited partnership entities that are not considered VIEs, we consolidate these entities if we are the general partner of such entities and for which no substantive kick-out rights (the rights underlying the limited partners' ability to dissolve the limited partnership or otherwise remove the general partners are collectively referred to as “kick-out” rights) or participating rights exist. All material intercompany accounts and transactions have been eliminated in consolidation.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments The carrying values of cash and cash equivalents, cash held at consolidated affiliated partnerships and restricted cash, accounts receivable, due from brokers, accounts payable, accrued expenses and other liabilities and due to brokers are deemed to be reasonable estimates of their fair values because of their short-term nature. See Note 4, “Investments and Related Matters,” and Note 5, “Fair Value Measurements,” for a detailed discussion of our investments. The fair value of our long-term debt is based on the quoted market prices for the same or similar issues or on the current rates offered to us for debt of the same remaining maturities. The carrying value and estimated fair value of our long-term debt as of March 31, 2013 was approximately $8.2 billion and $8.3 billion, respectively. The carrying value and estimated fair value of our long-term debt as of December 31, 2012 was approximately $8.5 billion and $8.6 billion, respectively.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	Restricted Cash Our restricted cash balance was approximately $1.3 billion and $0.7 billion as of March 31, 2013 and December 31, 2012, respectively.
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Adoption of New Accounting Standards In December 2011, the FASB issued ASU No. 2011-11, which amends FASB ASC Topic 210, Balance Sheet. This ASU requires companies to disclose both gross and net information about instruments and transactions eligible for offset in the statement of financial position as well as instruments and transactions subject to an agreement similar to a master netting arrangement. In January 2013, the FASB issued ASU No. 2013-01, Balance Sheet (Topic 210) - Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. This ASU limits the scope of the original guidance. These ASUs are effective retrospectively for interim and annual periods beginning on or after January 1, 2013. We adopted these additional disclosure requirements effective January 1, 2013 which had minimal impact on our disclosures. In February 2013, the FASB issued ASU No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income. This ASU requires an entity to provide information about amounts reclassified out of accumulated other comprehensive income by component. The guidance is effective prospectively for interim and annual periods beginning after December 15, 2012. We adopted these additional disclosure requirements effective January 1, 2013. See Note15, "Changes in Accumulated Other Comprehensive Loss," for additional information.
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	Recently Issued Accounting Standards In February 2013, the FASB issued ASU No. 2013-04, which amends FASB ASC Topic 405, Liabilities. This ASU requires the measurement of obligations resulting from joint and several liability arrangements for which the total amount of the obligation is fixed at the reporting date as the sum of (1) the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors and (2) any additional amount the reporting entity expects to pay on behalf of its co-obligors. This guidance also requires the disclosure of the nature and amount of the obligation as well as other information about those obligations. The guidance is effective for interim and annual periods beginning after December 15, 2013. We anticipate that the adoption of this guidance will not have a material impact on our consolidated financial position, results of operations and cash flows. In March 2013, the FASB issued ASU No. 2013-05, which amends FASB ASC Topic 830, Foreign Currency Matters. This ASU resolves the accounting for certain foreign currency matters with respect to the release of cumulative translation adjustment into net income within a foreign entity under certain circumstances. This ASU is effective prospectively for fiscal years (and interim reporting periods within those years) beginning after December 15, 2013. This ASU should be applied prospectively to derecognition events occurring after the effective date. Early adoption is permitted provided that if the entity early adopts this guidance, it apply them as of the beginning of the entity's fiscal year of adoption. The adoption of this ASU will not have a material impact on our consolidated financial position, results of operations or cash flows.

- Definition

Entity's cash and cash equivalents accounting policy with respect to restricted balances. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits.

+ References + Details

- Definition

Disclosure of accounting policy for consolidation to describe the significant judgments and assumptions made in determining whether a variable interest held by the entity requires the variable interest entity to be consolidated and (or) disclose information about its involvement with the variable interest entity; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; and the significant factors considered and judgments made in determining that the power to direct the activities that significantly impact the economic performance of the variable interest entity are shared (as defined).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 5A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=7880789&loc=SL6759159-111685

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2197480

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=7880789&loc=d3e5728-111685

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 2AA
-Subparagraph a
-URI http://asc.fasb.org/extlink&oid=7880789&loc=SL6759068-111685

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 46R
-Paragraph 14, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 167
-Paragraph 24
-Subparagraph e
-Appendix D

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 167
-Paragraph 22E
-Subparagraph a
-Appendix D

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 167
-Paragraph 22B
-Subparagraph a
-Appendix D

+ Details

- Definition

The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Direct Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6510796

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6507316

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22583-107794

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Indirect Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6515603

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.10-01.(b)(6))
-URI http://asc.fasb.org/extlink&oid=6958853&loc=d3e46468-122699

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22580-107794

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Accounting Change
-URI http://asc.fasb.org/extlink&oid=6503790

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22499-107794

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Retrospective Application
-URI http://asc.fasb.org/extlink&oid=6523989

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 01
-Paragraph b
-Subparagraph 6
-Article 10

+ Details

Segment Reporting (Policies)	3 Months Ended
Segment Reporting (Policies)	Mar. 31, 2013
Accounting Policies [Abstract]
Segment Reporting, Policy [Policy Text Block]	Our determination of what constitutes an operating segment is based on the various industries in which our businesses operate and how we manage those businesses in accordance with our investment strategy. We assess and measure segment operating results based on net income from continuing operations attributable to Icahn Enterprises and Icahn Enterprises Holdings, as disclosed below. Certain terms of financings for certain of our segments impose restrictions on the segments' ability to transfer funds to us, including restrictions on dividends, distributions, loans and other transactions.

Commitments and Contingencies (Policies)	3 Months Ended
Commitments and Contingencies (Policies)	Mar. 31, 2013
Energy Segment [Member]
Schedule of Significant Accounting Policies [Line Items]
Environmental Costs, Policy [Policy Text Block]	Environmental expenditures are capitalized when such expenditures are expected to result in future economic benefits.

- Definition

Disclosure of accounting policy for obligations that resulted from improper or other-than normal operation of a long-lived asset in the past. This accounting policy may address (1) whether the related remediation costs are expensed or capitalized, (2) whether the obligation is measured on a discounted basis, (3) the event, situation, or set of circumstances that generally triggers recognition of loss contingencies arising from the entity's environmental remediation-related obligations, and (4) the timing of recognition of any recoveries.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 410
-SubTopic 30
-Section 55
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=6571209&loc=d3e13669-110860

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 410
-SubTopic 30
-URI http://asc.fasb.org/subtopic&trid=2175709

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 410
-SubTopic 30
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6393242&loc=d3e13231-110859

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 410
-SubTopic 30
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6393242&loc=d3e13185-110859

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 96-1
-Paragraph 99, 100, 101, 147, 148, 149, 150, 152, 153, 154
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 89-13
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 90-8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Investments and Related Matters (Tables)

3 Months Ended

Mar. 31, 2013

Other Segments [Member]

Investment and Related Matters [Line Items]

Investment

The carrying value of investments held by our Automotive, Gaming, Railcar and Home Fashion segments and our Holding Company consist of the following:



	March 31, 2013		December 31, 2012
	(in millions)
Equity method investments	$	303	$	299
Other investments	161		108
	$	464	$	407

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2013

Investment Segment [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Investment

The following table summarizes the valuation of the Investment Funds' investments and derivative contracts by the above fair value hierarchy levels as of March 31, 2013 and December 31, 2012:



	March 31, 2013								December 31, 2012
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets	(in millions)
Investments:
Equity securities:
Basic materials	$	53	$	9	$	—	$	62	$	144	$	9	$	—	$	153
Communications	1,036		14		—		1,050		560		16		—		576
Consumer, non-cyclical	1,894		—		—		1,894		1,340		—		—		1,340
Consumer, cyclical	337		—		—		337		261		—		—		261
Diversified	28		—		—		28		—		—		—		—
Energy	1,921		19		—		1,940		1,052		55		—		1,107
Financial	234		—		—		234		244		—		—		244
Funds	—		—		—		—		—		308		—		308
Technology	641		525		—		1,166		325		—		—		325
Utilities	2		—		—		2		208		—		—		208
	6,146		567		—		6,713		4,134		388		—		4,522
Corporate debt:
Consumer, cyclical	—		—		290		290		—		—		288		288
Financial	—		15		—		15		—		50		—		50
Sovereign debt	—		3		—		3		—		5		—		5
Utilities	—		30		—		30		—		31		—		31
	—		48		290		338		—		86		288		374
Mortgage-backed securities:
Financial	—		175		—		175		—		188		—		188
	6,146		790		290		7,226		4,134		662		288		5,084
Derivative contracts, at fair value⁽¹⁾	—		1		—		1		—		—		—		—
	$	6,146	$	791	$	290	$	7,227	$	4,134	$	662	$	288	$	5,084
Liabilities
Securities sold, not yet purchased, at fair value:
Equity securities:
Consumer, cyclical	$	620	$	—	$	—	$	620	$	473	$	—	$	—	$	473
Funds	—		—		—		—		—		60		—		60
	620		—		—		620		473		60		—		533
Derivative contracts, at fair value⁽²⁾	—		478		—		478		—		84		—		84
	$	620	$	478	$	—	$	1,098	$	473	$	144	$	—	$	617


⁽¹⁾	Included in other assets in our consolidated balance sheets.


⁽²⁾	Included in accrued expenses and other liabilities in our consolidated balance sheets.

Schedule of investments measured at fair value with Level 3 Input

The changes in investments measured at fair value for which our Investment segment has used Level 3 input to determine fair value are as follows:



	Three Months Ended March 31,
	2013			2012
	(in millions)
Balance at January 1	$	288		$	289
Gross realized and unrealized gains (losses)	4			(13		)
Gross proceeds	(2		)	(3		)
Balance at March 31	$	290		$	273

Other Segments and Holding Company [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Other Segments and Holding Company



	March 31, 2013								December 31, 2012
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets	(in millions)
Marketable equity and debt securities	$	1	$	—	$	—	$	1	$	1	$	—	$	—	$	1
Trading securities	—		—		125		125		—		—		60		60
Derivative contracts, at fair value⁽¹⁾	—		1		—		1		—		1		21		22
	$	1	$	1	$	125	$	127	$	1	$	1	$	81	$	83
Liabilities
Other liabilities	$	—	$	32	$	—	$	32	$	—	$	1	$	—	$	1
Derivative contracts, at fair value⁽²⁾	—		45		—		45		—		89		—		89
	$	—	$	77	$	—	$	77	$	—	$	90	$	—	$	90


⁽¹⁾	Amounts are classified within other assets in our consolidated balance sheets.


⁽²⁾	Amounts are classified within accrued expenses and other liabilities in our consolidated balance sheets.

Holding Company [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Schedule of investments measured at fair value with Level 3 Input

The changes in trading securities measured at fair value for which our Holding Company have used Level 3 input to determine fair value are as follows:



	Three Months Ended March 31,
	2013			2012
	(in millions)
Balance at January 1	$	81		$	—
Purchase	46			—
Gross unrealized losses	(2		)	—
Balance at March 31	$	125		$	—

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References + Details

Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2013

Financial Instruments [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

At March 31, 2013, the volume of our derivative activities based on their notional exposure, categorized by primary underlying risk, are as follows:



	Long Notional Exposure		Short Notional Exposure
Primary underlying risk:	(in millions)
Equity swaps	$	2	$	6,128
Foreign currency forwards	126		2,162
Interest rate swap contracts	203		—
Commodity contracts	66		39

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The following table presents the consolidated fair values of our derivatives that are not designated as hedging instruments:



	Asset Derivatives⁽¹⁾						Liability Derivatives⁽²⁾
Derivatives Not Designated as Hedging Instruments	March 31,			December 31,			March 31,			December 31,
Derivatives Not Designated as Hedging Instruments	2013			2012			2013			2012
	(in millions)
Equity contracts	$	—		$	21		$	483		$	35
Foreign exchange contracts	6			—			4			59
Commodity contracts	20			8			54			74
Sub-total	26			29			541			168
Netting across contract types⁽³⁾	(24		)	(7		)	(24		)	(7		)
Total⁽³⁾	$	2		$	22		$	517		$	161


⁽¹⁾	Net asset derivatives are located within other assets in our consolidated balance sheets.


⁽²⁾	Net liability derivatives are located within accrued expenses and other liabilities in our consolidated balance sheets.


⁽³⁾	Excludes netting of cash collateral received and posted. The total collateral posted at March 31, 2013 and December 31, 2012 was $40 million and $148 million, respectively, across all counterparties.

The following table presents the effects of our derivative instruments not designated as hedging instruments on the statements of operations for the three months ended March 31, 2013 and 2012:



	Gain (Loss) Recognized in Income⁽¹⁾
	Three Months Ended March 31,
Derivatives Not Designated as Hedging Instruments	2013			2012
	(in millions)
Equity contracts	$	(645	)	$	(399	)
Foreign exchange contracts	68			(41		)
Commodity contracts	(51		)	—
	$	(628	)	$	(440	)


⁽¹⁾	Gains (losses) recognized on derivatives are classified in net gain from investment activities in our consolidated statements of operations for our Investment segment and are included in other income (loss), net for all other segments.

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The following table presents the fair values of our derivative instruments that are designated as cash flow hedging instruments:



	Asset Derivatives⁽¹⁾						Liability Derivatives⁽²⁾
Derivatives Designated as Cash Flow Hedging Instruments	March 31, 2013			December 31, 2012			March 31, 2013			December 31, 2012
	(in millions)
Interest rate swap contracts	$	—		$	—		$	5		$	13
Commodity contracts	1			2			2			1
Sub-total	1			2			7			14
Netting across contract types	(1		)	(2		)	(1		)	(2		)
Total	$	—		$	—		$	6		$	12


⁽¹⁾	Located within other assets in our consolidated balance sheets.


⁽²⁾	Located within accrued expenses and other liabilities in our consolidated balance sheet

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance



Three Months Ended March 31, 2013
Derivatives Designated as Hedging Instruments	Amount of (Loss) Gain Recognized in OCI on Derivatives (Effective Portion)			Amount of (Loss) Gain Reclassified from AOCI into Income (Effective Portion)			Location of (Loss) Gain Reclassified from AOCI into Income (Effective Portion)
	(in millions)			(in millions)
Interest rate swap contracts	$	(1	)	$	(7	)	Interest expense
Commodity contracts	(2		)	—			Cost of goods sold
Foreign currency contracts	—			—
	$	(3	)	$	(7	)



Three Months Ended March 31, 2012
Derivatives Designated as Hedging Instruments	Amount of (Loss) Gain Recognized in OCI on Derivatives (Effective Portion)			Amount of (Loss) Gain Reclassified from AOCI into Income (Effective Portion)			Location of (Loss) Gain Reclassified from AOCI into Income (Effective Portion)
	(in millions)			(in millions)
Interest rate swap contracts	$	(3	)	$	(10	)	Interest expense
Commodity contracts	7			(3		)	Cost of goods sold
Foreign currency contracts	(3		)	—
	$	1		$	(13	)

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References + Details

Inventories, Net (Tables)

3 Months Ended

Mar. 31, 2013

Inventories, Net [Abstract]

Schedule of Inventory, Current [Table Text Block]

Inventories, net consists of the following:



	March 31, 2013		December 31, 2012
	(in millions)
Raw materials	$	490	$	495
Work in process	263		248
Finished goods	1,215		1,212
	$	1,968	$	1,955

Goodwill and Intangible Assets, Net (Tables)

3 Months Ended

Mar. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Goodwill consists of the following:



	March 31, 2013							December 31, 2012
	Gross Carrying Amount		Accumulated Impairment			Net Carrying Value		Gross Carrying Amount		Accumulated Impairment			Net Carrying Value
	(in millions)
Automotive	$	1,375	$	(226	)	$	1,149	$	1,368	$	(226	)	$	1,142
Energy	930		—			930		930		—			930
Railcar	7		—			7		7		—			7
Food Packaging	3		—			3		3		—			3
	$	2,315	$	(226	)	$	2,089	$	2,308	$	(226	)	$	2,082

Schedule of Definite-Lived and Infinite-Lived Intangible Assets

Intangible assets, net consists of the following:



	March 31, 2013							December 31, 2012
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Value		Gross Carrying Amount		Accumulated Amortization			Net Carrying Value
	(in millions)
Definite-lived intangible assets:
Customer relationships	$	919	$	(254	)	$	665	$	921	$	(238	)	$	683
Developed technology	120		(59		)	61		121		(57		)	64
In-place leases	121		(46		)	75		121		(43		)	78
Gasification technology license	60		(2		)	58		60		(2		)	58
Other	47		(15		)	32		47		(15		)	32
	$	1,267	$	(376	)	$	891	$	1,270	$	(355	)	$	915
Indefinite-lived intangible assets:
Trademarks and brand names						$	260						$	262
Gaming licenses						29							29
						289							291
Intangible assets, net						$	1,180						$	1,206

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References + Details

Property, Plant and Equipment, Net (Tables)

3 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment, Net

Property, plant and equipment, net consists of the following:



	Useful Life	March 31, 2013			December 31, 2012
	(in years)	(in millions)
Land		$	461		$	465
Buildings and improvements	4 - 40	2,068			2,064
Machinery, equipment and furniture	1 - 30	4,682			4,519
Assets leased to others	15 - 39	836			743
Construction in progress		536			649
		8,583			8,440
Less: Accumulated depreciation and amortization		(2,012		)	(1,917		)
Property, plant and equipment, net		$	6,571		$	6,523

Debt (Tables)

3 Months Ended

Mar. 31, 2013

Debt Instrument [Line Items]

Schedule of Long-term Debt Instruments

Debt consists of the following:



	Icahn Enterprises				Icahn Enterprises Holdings
	March 31, 2013		December 31, 2012		March 31, 2013		December 31, 2012
	(in millions)				(in millions)
8% senior unsecured notes due 2018 - Icahn Enterprises/Icahn Enterprises Holdings	$	2,475	$	2,476	$	2,470	$	2,471
7.75% senior unsecured notes due 2016 - Icahn Enterprises/Icahn Enterprises Holdings	1,050		1,050		1,047		1,047
Senior unsecured variable rate convertible notes due 2013 - Icahn Enterprises/Icahn Enterprises Holdings	556		556		556		556
Debt facilities - Automotive	2,738		2,738		2,738		2,738
Debt facilities - Energy	500		749		500		749
Credit facilities - Energy	125		125		125		125
Senior unsecured notes and secured term loan facility - Railcar	150		275		150		275
Credit facilities - Gaming	170		171		170		171
Senior secured notes and revolving credit facility - Food Packaging	214		214		214		214
Mortgages payable - Real Estate	69		70		69		70
Other	137		124		137		124
	$	8,184	$	8,548	$	8,176	$	8,540

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

+ Details

Pensions, Other Post-employment Benefits and Employee Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2013

Defined Benefit Plan Disclosure [Line Items]

Schedule of Net Periodic Benefit Costs

Components of net periodic benefit cost (gain) for the three months ended March 31, 2013 and 2012 are as follows:



	Pension Benefits						OPEB
	Three Months Ended March 31,						Three Months Ended March 31,
	2013			2012			2013			2012
	(in millions)
Service cost	$	4		$	7		$	—		$	—
Interest cost	18			21			4			4
Expected return on plan assets	(17		)	(16		)	—			—
Amortization of actuarial losses	6			10			2			—
Amortization of prior service credit	—			—			(3		)	(4		)
Settlement gain	—			(1		)	—			—
	$	11		$	21		$	3		$	—

Net Income Per LP Unit (Tables)

3 Months Ended

Mar. 31, 2013

Net Income Per LP Unit [Abstract]

Schedule Of Earnings Per LP Unit



	Three Months Ended March 31,
	2013		2012
	(in millions, except per unit data)
Net income attributable to Icahn Enterprises	$	277	$	49
Net income attributable to Icahn Enterprises allocable to limited partners (98.01% allocation)	$	271	$	48

Basic income per LP unit	$	2.56	$	0.48
Basic weighted average LP units outstanding	106		99

Dilutive effect of variable rate convertible notes:
Income	$	2
Units	2

Dilutive effect of unit distribution declared:
Income	$	—
Units	1

Diluted income per LP unit	$	2.50	$	0.48
Diluted weighted average LP units outstanding	109		99

Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2013

Segment Reporting Information [Line Items]

Schedule of Condensed Income Statement by Segment

Icahn Enterprises' condensed statements of operations by reporting segment for the three months ended March 31, 2013 and 2012 are presented below:



	Three Months Ended March 31, 2013
	Investment			Automotive			Energy			Metals			Railcar			Gaming			Food Packaging			Real Estate		Home Fashion			Holding Company			Consolidated
	(in millions)
Revenues:
Net sales	$	—		$	1,713		$	2,352		$	264		$	110		$	—		$	88		$	1	$	46		$	—		$	4,574
Other revenues from operations	—			—			—			—			26			143			—			20		—			—			189
Net gain from investment activities	578			—			—			—			2			—			—			—		—			(2		)	578
Interest and dividend income	23			—			—			—			1			—			—			—		—			—			24
Other income (loss), net	2			(33		)	(14		)	—			(1		)	—			—			—		—			—			(46		)
	603			1,680			2,338			264			138			143			88			21		46			(2		)	5,319
Expenses:
Cost of goods sold	—			1,465			1,967			267			86			—			67			—		41			—			3,893
Other expenses from operations	—			—			—			—			17			72			—			11		—			—			100
Selling, general and administrative	28			199			34			8			11			61			11			4		8			5			369
Restructuring	—			8			—			—			—			—			—			—		—			—			8
Impairment	—			—			—			—			—			—			—			—		—			—			—
Interest expense	—			31			15			—			3			4			5			1		—			75			134
	28			1,703			2,016			275			117			137			83			16		49			80			4,504
Income (loss) before income tax benefit (expense)	575			(23		)	322			(11		)	21			6			5			5		(3		)	(82		)	815
Income tax (expense) benefit	—			(11		)	(100		)	5			(12		)	(2		)	(2		)	—		—			2			(120		)
Net Income (loss)	575			(34		)	222			(6		)	9			4			3			5		(3		)	(80		)	695
Less: net (income) loss attributable to non-controlling interests	(342		)	5			(71		)	—			(8		)	(1		)	(1		)	—		—			—			(418		)
Net income (loss) attributable to Icahn Enterprises	$	233		$	(29	)	$	151		$	(6	)	$	1		$	3		$	2		$	5	$	(3	)	$	(80	)	$	277

Supplemental information:
Capital expenditures	$	—		$	93		$	64		$	3		$	101		$	12		$	5		$	—	$	—		$	—		$	278
Depreciation and amortization⁽¹⁾	$	—		$	71		$	50		$	6		$	7		$	8		$	5		$	6	$	2		$	—		$	155



	Three Months Ended March 31, 2012
	Investment			Automotive			Metals			Railcar			Gaming			Food Packaging			Real Estate		Home Fashion			Holding Company			Consolidated
	(in millions)
Revenues:
Net sales	$	—		$	1,764		$	332		$	164		$	—		$	83		$	—	$	56		$	—		$	2,399
Other revenues from operations	—			—			—			17			155			—			20		—			—			192
Net gain from investment activities	50			—			—			—			—			—			—		—			8			58
Interest and dividend income	23			1			—			1			—			—			—		—			—			25
Other (loss) income, net	(2		)	9			—			—			(2		)	—			1		1			3			10
	71			1,774			332			182			153			83			21		57			11			2,684
Expenses:
Cost of goods sold	—			1,487			331			137			—			63			—		54			—			2,072
Other expenses from operations	—			—			—			14			80			—			12		—			—			106
Selling, general and administrative	3			201			7			6			62			13			3		10			4			309
Restructuring	—			6			—			—			—			—			—		1			—			7
Impairment	—			1			—			—			—			—			—		1			—			2
Interest expense	2			36			—			5			2			5			1		—			66			117
	5			1,731			338			162			144			81			16		66			70			2,613
Income (loss) before income tax (expense) benefit	66			43			(6		)	20			9			2			5		(9		)	(59		)	71
Income tax (expense) benefit	—			(10		)	4			(8		)	1			(1		)	—		—			44			30
Income (loss)	66			33			(2		)	12			10			1			5		(9		)	(15		)	101
Less: net income attributable to non-controlling interests	(35		)	(10		)	—			(5		)	(2		)	—			—		—			—			(52		)
Net income (loss) attributable to Icahn Enterprises	$	31		$	23		$	(2	)	$	7		$	8		$	1		$	5	$	(9	)	$	(15	)	$	49

Supplemental information:
Capital expenditures	$	—		$	130		$	2		$	41		$	12		$	12		$	—	$	—		$	—		$	197
Depreciation and amortization⁽¹⁾	$	—		$	69		$	6		$	5		$	9		$	4		$	5	$	2		$	—		$	100


⁽¹⁾	Excludes amounts related to the amortization of deferred financing costs and debt discounts and premiums included in interest expense in the amounts of $9 million and $8 million for the three months ended March 31, 2013 and 2012, respectively.

Schedule of Condensed Financial Statements by Segment

Icahn Enterprises' condensed balance sheets by reporting segment as of March 31, 2013 and December 31, 2012 are presented below:



	March 31, 2013
	Investment		Automotive		Energy		Metals		Railcar		Gaming		Food Packaging			Real Estate		Home Fashion		Holding Company			Consolidated
	(in millions)
ASSETS
Cash and cash equivalents	$	2	$	269	$	1,041	$	16	$	57	$	241	$	18		$	26	$	12	$	755		$	2,437
Cash held at consolidated affiliated partnerships and restricted cash	766		—		—		3		6		15		1			4		9		620			1,424
Investments	7,226		247		—		—		43		35		—			—		13		126			7,690
Accounts receivable, net	—		1,488		283		109		32		12		66			3		35		—			2,028
Inventories, net	—		1,124		525		106		86		—		66			—		61		—			1,968
Property, plant and equipment, net	—		1,946		2,637		139		520		430		153			662		81		3			6,571
Goodwill and intangible assets, net	—		1,772		1,322		11		7		68		11			75		3		—			3,269
Other assets	64		387		93		28		24		51		37			17		23		150			874
Total assets	$	8,058	$	7,233	$	5,901	$	412	$	775	$	852	$	352		$	787	$	237	$	1,654		$	26,261
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	$	544	$	1,901	$	1,547	$	72	$	144	$	131	$	71		$	21	$	30	$	206		$	4,667
Securities sold, not yet purchased, at fair value	620		—		—		—		—		—		—			—		—		—			620
Due to brokers	423		—		—		—		—		—		—			—		—		—			423
Post-employment benefit liability	—		1,361		—		3		9		—		65			—		—		—			1,438
Debt	—		2,818		677		3		150		170		215			70		—		4,081			8,184
Total liabilities	1,587		6,080		2,224		78		303		301		351			91		30		4,287			15,332

Equity attributable to Icahn Enterprises	2,607		816		2,359		334		303		382		(3		)	696		207		(2,633		)	5,068
Equity attributable to non-controlling interests	3,864		337		1,318		—		169		169		4			—		—		—			5,861
Total equity	6,471		1,153		3,677		334		472		551		1			696		207		(2,633		)	10,929
Total liabilities and equity	$	8,058	$	7,233	$	5,901	$	412	$	775	$	852	$	352		$	787	$	237	$	1,654		$	26,261



	December 31, 2012
	Investment		Automotive		Energy		Metals		Railcar		Gaming		Food Packaging			Real Estate		Home Fashion		Holding Company			Consolidated
	(in millions)
ASSETS
Cash and cash equivalents	$	14	$	467	$	896	$	14	$	207	$	243	$	31		$	87	$	67	$	1,045		$	3,071
Cash held at consolidated affiliated partnerships and restricted cash	1,386		—		—		4		3		15		1			2		6		2			1,419
Investments	5,084		240		—		—		57		35		—			—		14		61			5,491
Accounts receivable, net	—		1,375		211		102		37		13		62			5		36		—			1,841
Inventories, net	—		1,074		528		122		110		—		61			—		60		—			1,955
Property, plant and equipment, net	—		1,971		2,648		142		426		431		154			665		83		3			6,523
Goodwill and intangible assets, net	—		1,782		1,327		11		7		68		12			78		3		—			3,288
Other assets	109		373		133		22		15		47		34			15		22		198			968
Total assets	$	6,593	$	7,282	$	5,743	$	417	$	862	$	852	$	355		$	852	$	291	$	1,309		$	24,556
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	$	152	$	1,859	$	1,535	$	73	$	156	$	134	$	74		$	18	$	35	$	178		$	4,214
Securities sold, not yet purchased, at fair value	533		—		—		—		—		—		—			—		—		—			533
Due to brokers	—		—		—		—		—		—		—			—		—		—			—
Post-employment benefit liability	—		1,409		—		3		10		—		66			—		—		—			1,488
Debt	—		2,805		926		3		275		171		215			71		—		4,082			8,548
Total liabilities	685		6,073		2,461		79		441		305		355			89		35		4,260			14,783

Equity attributable to Icahn Enterprises	2,387		860		2,383		338		257		379		(3		)	763		256		(2,951		)	4,669
Equity attributable to non-controlling interests	3,521		349		899		—		164		168		3			—		—		—			5,104
Total equity	5,908		1,209		3,282		338		421		547		—			763		256		(2,951		)	9,773
Total liabilities and equity	$	6,593	$	7,282	$	5,743	$	417	$	862	$	852	$	355		$	852	$	291	$	1,309		$	24,556

Icahn Enterprises Holdings [Member]

Segment Reporting Information [Line Items]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Icahn Enterprises Holdings



	Three Months Ended March 31,																March 31,		December 31,
	2013								2012								2013		2012
	Interest Expense		Net Income (Loss)			Net Income (Loss) Attributable to Icahn Enterprises Holdings			Interest Expense		Net Income (Loss)			Net Income (Loss) Attributable to Icahn Enterprises Holdings			Total Assets		Total Assets
	(in millions)																(in millions)
Investment	$	—	$	575		$	233		$	2	$	66		$	31		$	8,058	$	6,593
Automotive	31		(34		)	(29		)	36		33			23			7,233		7,282
Energy	15		222			151			—		—			—			5,901		5,743
Metals	—		(6		)	(6		)	—		(2		)	(2		)	412		417
Railcar	3		9			1			5		12			7			775		862
Gaming	4		4			3			2		10			8			852		852
Food Packaging	5		3			2			5		1			1			352		355
Real Estate	1		5			5			1		5			5			787		852
Home Fashion	—		(3		)	(3		)	—		(9		)	(9		)	237		291
Holding Company	75		(80		)	(80		)	66		(15		)	(15		)	1,668		1,323
Consolidated	$	134	$	695		$	277		$	117	$	101		$	49		$	26,275	$	24,570

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details

Changes in Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 31, 2013

Accumulated Other Comprehensive Income (Loss) [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive loss consists of the following:



	Post-Employment Benefits, Net of Tax			Hedge Instruments, Net of Tax			Translation Adjustments and Other, Net of Tax			Total
	(in millions)
Balance at December 31, 2012	$	(639	)	$	(34	)	$	(309	)	$	(982	)
Other comprehensive income (loss) before reclassifications, net of tax	1			(1		)	(40		)	(40		)
Reclassifications from accumulated other comprehensive loss to earnings⁽¹⁾	12			7			(1		)	18
Other comprehensive income (loss), net of tax	13			6			(41		)	(22		)
Balance at March 31, 2013	$	(626	)	$	(28	)	$	(350	)	$	(1,004	)

Other (Loss) Income, Net (Tables)

3 Months Ended

Mar. 31, 2013

Other (Loss) Income, Net [Abstract]

Schedule of Other Nonoperating Income (Expense)

Other (loss) income, net consists of the following:



	Three Months Ended March 31,
	2013			2012
	(in millions)
Loss on sale of discontinued operations	$	(47	)	$	—
Gain (loss) on extinguishment of debt	5			(2		)
Realized and unrealized loss on derivatives, net	(20		)	—
Dividend expense related to securities sold, not yet purchased	—			(2		)
Gain on disposition of assets	—			3
Equity earnings from non-consolidated affiliates	8			11
Foreign currency translation gain (loss)	2			(2		)
Other	6			2
	$	(46	)	$	10

(Details) - USD ($) $ in Millions	3 Months Ended
(Details) - USD ($) $ in Millions	Mar. 31, 2013	Dec. 31, 2012
Entity Information [Line Items]
Debt	$ 8,184	$ 8,548
Fair value of long-term debt	8,300	8,600
Cash held at consolidated affiliated partnerships and restricted cash	1,424	1,419
Restricted cash [Member]
Entity Information [Line Items]
Cash held at consolidated affiliated partnerships and restricted cash	$ 1,300	700
Icahn Enterprises G.P. [Member]
Entity Information [Line Items]
General partner ownership interest in Icahn Enterprises Holdings	1.00%
Icahn Enterprises Holdings [Member]
Entity Information [Line Items]
Percentage of equity ownership in operating subsidiary	99.00%
Debt	$ 8,176	8,540
Cash held at consolidated affiliated partnerships and restricted cash	$ 1,424	$ 1,419

Operating Units Investment Segment (Details) - Investment Funds [Member] - USD ($) $ in Billions	Mar. 31, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]
Fair value of our interest in Funds of subsidiary	$ 2.6	$ 2.4
Principal Owners and Affiliates [Member]
Segment Reporting Information [Line Items]
Related party investment in Funds	$ 3.9	$ 3.5

Operating Units Automotive Segment (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012
Segment Reporting Information [Line Items]
Restructuring	$ 8	$ 7
Federal-Mogul [Member]
Segment Reporting Information [Line Items]
Percentage of equity ownership in subsidiary	77.60%
Gross amount of transferred receivables under factoring arrangement	$ 248		$ 217
Gross amount of transferred receivables under factoring arrangements qualifying as sales	244		216
Gross amount of transferred receivables under factoring arrangements for which cash not yet drawn	0		0
Proceeds from transferred receivables under factoring arrangements qualifying as sales	333	414
Expenses associated with transferred receivables under factoring arrangements	1	$ 2
Maximum exposure associated with transferred receivables under factoring arrangements	29		$ 19
Restructuring 2012 [Member] \| Federal-Mogul [Member]
Segment Reporting Information [Line Items]
Restructuring	1
Restructuring 2013 [Member] \| Federal-Mogul [Member]
Segment Reporting Information [Line Items]
Restructuring	7
Restructuring, total expected cost of plan	82
Employee costs [Member] \| Restructuring 2013 [Member] \| Federal-Mogul [Member]
Segment Reporting Information [Line Items]
Restructuring, total expected cost of plan	65
Facility costs [Member] \| Restructuring 2013 [Member] \| Federal-Mogul [Member]
Segment Reporting Information [Line Items]
Restructuring, total expected cost of plan	$ 17

Operating Units Energy Segment (Details) ft³ / d in Millions, bbl in Millions, $ in Millions			3 Months Ended
	Jan. 30, 2013 USD ($)	Jan. 23, 2013 USD ($)	Mar. 31, 2013 bbl / d ft³ / d T / d miles bbl
CVR Refining, LP [Member]
Segment Reporting Information [Line Items]
Percentage of equity ownership in subsidiary			2.70%
Consolidated subsidiarie's limited partner ownership in its subsidiary			81.00%
Consolidated subsidiarie's general partner ownership in its subsidiary			100.00%
CVR Refining, LP [Member] \| Energy Segment [Member]
Segment Reporting Information [Line Items]
Percentage of equity ownership in subsidiary			81.00%
Proceeds from issuance of subsidiary equity \| $	$ 90	$ 600
Purchase of addtional subsidiary equity by parent company \| $		$ 100
CVR Partners, LP [Member] \| Energy Segment [Member]
Segment Reporting Information [Line Items]
Percentage of equity ownership in subsidiary			70.00%
CVR Energy, Inc. [Member]
Segment Reporting Information [Line Items]
Percentage of equity ownership in subsidiary			82.00%
Crude oil gathering [Member] \| Energy Segment [Member]
Segment Reporting Information [Line Items]
Barrels per day \| bbl / d			50,000
Nitrogen Fertilizer [Member] \| Energy Segment [Member]
Segment Reporting Information [Line Items]
Ton-per-day ammonia unit facility \| T / d			1,225
Ton-per-day of Urea and Ammonium Nitrate unit facility \| T / d			3,000
Cubic feet of hydrogen per day gasifiation complex \| ft³ / d			84
Coffeyville, Kansas [Member] \| Petroleum [Member] \| Energy Segment [Member]
Segment Reporting Information [Line Items]
Barrels per day \| bbl / d			115,000
Capacity of crude oil storage tanks (in barrels) \| bbl			1.2
Coffeyville, Kansas [Member] \| Pipeline transportation of crude oil [Member] \| Energy Segment [Member]
Segment Reporting Information [Line Items]
Barrels per day \| bbl / d			145,000
Crude oil pipeline owned and leased (in miles) \| miles			350
Wynnewood, Oklahoma [Member] \| Petroleum [Member] \| Energy Segment [Member]
Segment Reporting Information [Line Items]
Barrels per day \| bbl / d			70,000
Capacity of crude oil storage tanks (in barrels) \| bbl			0.5
Cushing, Oklahoma [Member] \| Petroleum [Member] \| Energy Segment [Member]
Segment Reporting Information [Line Items]
Capacity of crude oil storage tanks (in barrels) \| bbl			1.0
Capacity of leased crude oil storage tanks ( in barrels) \| bbl			3.3

Operating Units Gaming Segment (Details) - Tropicana [Member]	3 Months Ended
	Mar. 31, 2013 ft² casinos hotel_rooms slot_machines table_games
Segment Reporting Information [Line Items]
Number of casinos	8
Square footage of casino space \| ft²	372,000
Number of slot machines \| slot_machines	7,100
Number of table games \| table_games	210
Number of hotel rooms \| hotel_rooms	6,000
Percentage of equity ownership in subsidiary	67.90%
LOUISIANA
Segment Reporting Information [Line Items]
Number of casinos	1
NEVADA
Segment Reporting Information [Line Items]
Number of casinos	3
INDIANA
Segment Reporting Information [Line Items]
Number of casinos	1
NEW JERSEY
Segment Reporting Information [Line Items]
Number of casinos	1
ARUBA
Segment Reporting Information [Line Items]
Number of casinos	1
MISSISSIPPI
Segment Reporting Information [Line Items]
Number of casinos	1

Operating Units Other Segments (Details) $ in Millions	3 Months Ended
Operating Units Other Segments (Details) $ in Millions	Mar. 31, 2013 USD ($) distribution_centers manufacturing_facilities real_estate_properties real_estate_property_units	Dec. 31, 2012 USD ($)
Real Estate Segment [Member]
Segment Reporting Information [Line Items]
Number of Real Estate commercial rental properties \| real_estate_properties	29
Pledged assets \| $	$ 72	$ 73
ARI [Member]
Segment Reporting Information [Line Items]
Percentage of equity ownership in subsidiary	55.60%
Viskase [Member]
Segment Reporting Information [Line Items]
Percentage of equity ownership in subsidiary	70.80%
Nnumber of Manufacturing Facilities \| manufacturing_facilities	8
Number of Distribution Centers \| distribution_centers	10
Disclosure on Geographic Areas, Revenue from External Customers Attributed to Foreign Countries, Percentage	73.00%
MASSACHUSETTS \| Real Estate Segment [Member]
Segment Reporting Information [Line Items]
Number of units of residential housing in future development	322
FLORIDA \| Real Estate Segment [Member]
Segment Reporting Information [Line Items]
Number of units of residential housing in future development	870

Related Party Transactions (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012
ARL [Member]
Related Party Transaction [Line Items]
Term of service agreement (in years)	3 years
Renewal period of service agreement (in years)	1 year
Written notice requirment period to terminate services agreement (in days)	60 days
Term of railcar management agreement (in years)	5 years
Icahn Capital [Member] \| Investment Funds [Member] \| Expense Sharing Agreement [Member]
Related Party Transaction [Line Items]
Expenses charged by related party	$ 27	$ 3
Investment Funds [Member] \| Principal Owners and Affiliates [Member]
Related Party Transaction [Line Items]
Related party investment in Funds	3,900		$ 3,500
ARI [Member] \| ARL [Member]
Related Party Transaction [Line Items]
Accounts receivable due from related parties	3		$ 2
ARI [Member] \| ARL [Member] \| Railcar Services [Member]
Related Party Transaction [Line Items]
Revenue from related party	$ 5	$ 5

Investments and Related Matters Investment Segment (Details) - Investment Segment [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of equity method investment under fair value option			$ 354
Hain [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value option investment ownership percentage	16.00%
Equity Method Investments [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value option, recorded gains (losses)	$ 40	$ 121

Investments and Related Matters Other Segments (Details) - USD ($) $ in Millions	Mar. 31, 2013	Dec. 31, 2012
Schedule of Investments [Line Items]
Investments	$ 7,690	$ 5,491
Other Segments [Member]
Schedule of Investments [Line Items]
Equity method investments	303	299
Other investments	161	108
Investments	$ 464	$ 407

Fair Value Measurements Investment Fair Value (Details) - USD ($)
$ in Millions

Mar. 31, 2013

Dec. 31, 2012

Investments [Abstract]

Investments

$ 7,690

$ 5,491

Securities sold, not yet purchased, at fair value:

Securities sold, not yet purchased, at fair value

620

533

Investment Segment [Member]

Investments [Abstract]

Investments

7,226

5,084

Securities sold, not yet purchased, at fair value:

Securities sold, not yet purchased, at fair value

620

533

Investment Segment [Member] | Level 1 [Member] | Recurring measurement [Member]

Investments [Abstract]

Investments

6,146

4,134

Derivative contracts, at fair value (asset)

^[1]

Fair value of investment and derivative assets

6,146

4,134

Securities sold, not yet purchased, at fair value:

Derivative contracts at fair value (liability)

^[2]

Fair value of derivative and other liabilities

620

473

Investment Segment [Member] | Level 1 [Member] | Recurring measurement [Member] | Equity securities:

Investments [Abstract]

Trading securities

6,146

4,134

Securities sold, not yet purchased, at fair value:

Securities sold, not yet purchased, at fair value

620

473

Investment Segment [Member] | Level 1 [Member] | Recurring measurement [Member] | Equity securities: | Basic materials

Investments [Abstract]

Trading securities

144

Investment Segment [Member] | Level 1 [Member] | Recurring measurement [Member] | Equity securities: | Communications

Investments [Abstract]

Trading securities

1,036

560

Investment Segment [Member] | Level 1 [Member] | Recurring measurement [Member] | Equity securities: | Consumer, non-cyclical

Investments [Abstract]

Trading securities

1,894

1,340

Investment Segment [Member] | Level 1 [Member] | Recurring measurement [Member] | Equity securities: | Consumer, cyclical

Investments [Abstract]

Trading securities

337

261

Securities sold, not yet purchased, at fair value:

Securities sold, not yet purchased, at fair value

620

473

Investment Segment [Member] | Level 1 [Member] | Recurring measurement [Member] | Equity securities: | Diversified

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 1 [Member] | Recurring measurement [Member] | Equity securities: | Energy

Investments [Abstract]

Trading securities

1,921

1,052

Investment Segment [Member] | Level 1 [Member] | Recurring measurement [Member] | Equity securities: | Financial

Investments [Abstract]

Trading securities

234

244

Investment Segment [Member] | Level 1 [Member] | Recurring measurement [Member] | Equity securities: | Funds

Investments [Abstract]

Trading securities

Securities sold, not yet purchased, at fair value:

Securities sold, not yet purchased, at fair value

Investment Segment [Member] | Level 1 [Member] | Recurring measurement [Member] | Equity securities: | Technology

Investments [Abstract]

Trading securities

641

325

Investment Segment [Member] | Level 1 [Member] | Recurring measurement [Member] | Equity securities: | Utilities

Investments [Abstract]

Trading securities

208

Investment Segment [Member] | Level 1 [Member] | Recurring measurement [Member] | Corporate debt:

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 1 [Member] | Recurring measurement [Member] | Corporate debt: | Consumer, cyclical

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 1 [Member] | Recurring measurement [Member] | Corporate debt: | Financial

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 1 [Member] | Recurring measurement [Member] | Corporate debt: | Sovereign debt

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 1 [Member] | Recurring measurement [Member] | Corporate debt: | Utilities

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 1 [Member] | Recurring measurement [Member] | Mortgage-backed securities: | Financial

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 2 [Member] | Recurring measurement [Member]

Investments [Abstract]

Investments

790

662

Derivative contracts, at fair value (asset)

^[1]

Fair value of investment and derivative assets

791

662

Securities sold, not yet purchased, at fair value:

Derivative contracts at fair value (liability)

^[2]

478

Fair value of derivative and other liabilities

478

144

Investment Segment [Member] | Level 2 [Member] | Recurring measurement [Member] | Equity securities:

Investments [Abstract]

Trading securities

567

388

Securities sold, not yet purchased, at fair value:

Securities sold, not yet purchased, at fair value

Investment Segment [Member] | Level 2 [Member] | Recurring measurement [Member] | Equity securities: | Basic materials

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 2 [Member] | Recurring measurement [Member] | Equity securities: | Communications

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 2 [Member] | Recurring measurement [Member] | Equity securities: | Consumer, non-cyclical

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 2 [Member] | Recurring measurement [Member] | Equity securities: | Consumer, cyclical

Investments [Abstract]

Trading securities

Securities sold, not yet purchased, at fair value:

Securities sold, not yet purchased, at fair value

Investment Segment [Member] | Level 2 [Member] | Recurring measurement [Member] | Equity securities: | Diversified

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 2 [Member] | Recurring measurement [Member] | Equity securities: | Energy

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 2 [Member] | Recurring measurement [Member] | Equity securities: | Financial

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 2 [Member] | Recurring measurement [Member] | Equity securities: | Funds

Investments [Abstract]

Trading securities

308

Securities sold, not yet purchased, at fair value:

Securities sold, not yet purchased, at fair value

Investment Segment [Member] | Level 2 [Member] | Recurring measurement [Member] | Equity securities: | Technology

Investments [Abstract]

Trading securities

525

Investment Segment [Member] | Level 2 [Member] | Recurring measurement [Member] | Equity securities: | Utilities

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 2 [Member] | Recurring measurement [Member] | Corporate debt:

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 2 [Member] | Recurring measurement [Member] | Corporate debt: | Consumer, cyclical

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 2 [Member] | Recurring measurement [Member] | Corporate debt: | Financial

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 2 [Member] | Recurring measurement [Member] | Corporate debt: | Sovereign debt

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 2 [Member] | Recurring measurement [Member] | Corporate debt: | Utilities

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 2 [Member] | Recurring measurement [Member] | Mortgage-backed securities: | Financial

Investments [Abstract]

Trading securities

175

188

Investment Segment [Member] | Level 3 [Member] | Recurring measurement [Member]

Investments [Abstract]

Investments

290

288

Derivative contracts, at fair value (asset)

^[1]

Fair value of investment and derivative assets

290

288

Securities sold, not yet purchased, at fair value:

Derivative contracts at fair value (liability)

^[2]

Fair value of derivative and other liabilities

Investment Segment [Member] | Level 3 [Member] | Recurring measurement [Member] | Equity securities:

Investments [Abstract]

Trading securities

Securities sold, not yet purchased, at fair value:

Securities sold, not yet purchased, at fair value

Investment Segment [Member] | Level 3 [Member] | Recurring measurement [Member] | Equity securities: | Basic materials

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 3 [Member] | Recurring measurement [Member] | Equity securities: | Communications

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 3 [Member] | Recurring measurement [Member] | Equity securities: | Consumer, non-cyclical

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 3 [Member] | Recurring measurement [Member] | Equity securities: | Consumer, cyclical

Investments [Abstract]

Trading securities

Securities sold, not yet purchased, at fair value:

Securities sold, not yet purchased, at fair value

Investment Segment [Member] | Level 3 [Member] | Recurring measurement [Member] | Equity securities: | Diversified

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 3 [Member] | Recurring measurement [Member] | Equity securities: | Energy

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 3 [Member] | Recurring measurement [Member] | Equity securities: | Financial

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 3 [Member] | Recurring measurement [Member] | Equity securities: | Funds

Investments [Abstract]

Trading securities

Securities sold, not yet purchased, at fair value:

Securities sold, not yet purchased, at fair value

Investment Segment [Member] | Level 3 [Member] | Recurring measurement [Member] | Equity securities: | Technology

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 3 [Member] | Recurring measurement [Member] | Equity securities: | Utilities

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 3 [Member] | Recurring measurement [Member] | Corporate debt:

Investments [Abstract]

Trading securities

290

288

Investment Segment [Member] | Level 3 [Member] | Recurring measurement [Member] | Corporate debt: | Consumer, cyclical

Investments [Abstract]

Trading securities

290

288

Investment Segment [Member] | Level 3 [Member] | Recurring measurement [Member] | Corporate debt: | Financial

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 3 [Member] | Recurring measurement [Member] | Corporate debt: | Sovereign debt

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 3 [Member] | Recurring measurement [Member] | Corporate debt: | Utilities

Investments [Abstract]

Trading securities

Investment Segment [Member] | Level 3 [Member] | Recurring measurement [Member] | Mortgage-backed securities: | Financial

Investments [Abstract]

Trading securities

Investment Segment [Member] | Total fair value [Member] | Recurring measurement [Member]

Investments [Abstract]

Investments

7,226

5,084

Derivative contracts, at fair value (asset)

^[1]

Fair value of investment and derivative assets

7,227

5,084

Securities sold, not yet purchased, at fair value:

Derivative contracts at fair value (liability)

^[2]

478

Fair value of derivative and other liabilities

1,098

617

Investment Segment [Member] | Total fair value [Member] | Recurring measurement [Member] | Equity securities:

Investments [Abstract]

Trading securities

6,713

4,522

Securities sold, not yet purchased, at fair value:

Securities sold, not yet purchased, at fair value

620

533

Investment Segment [Member] | Total fair value [Member] | Recurring measurement [Member] | Equity securities: | Basic materials

Investments [Abstract]

Trading securities

153

Investment Segment [Member] | Total fair value [Member] | Recurring measurement [Member] | Equity securities: | Communications

Investments [Abstract]

Trading securities

1,050

576

Investment Segment [Member] | Total fair value [Member] | Recurring measurement [Member] | Equity securities: | Consumer, non-cyclical

Investments [Abstract]

Trading securities

1,894

1,340

Investment Segment [Member] | Total fair value [Member] | Recurring measurement [Member] | Equity securities: | Consumer, cyclical

Investments [Abstract]

Trading securities

337

261

Securities sold, not yet purchased, at fair value:

Securities sold, not yet purchased, at fair value

620

473

Investment Segment [Member] | Total fair value [Member] | Recurring measurement [Member] | Equity securities: | Diversified

Investments [Abstract]

Trading securities

Investment Segment [Member] | Total fair value [Member] | Recurring measurement [Member] | Equity securities: | Energy

Investments [Abstract]

Trading securities

1,940

1,107

Investment Segment [Member] | Total fair value [Member] | Recurring measurement [Member] | Equity securities: | Financial

Investments [Abstract]

Trading securities

234

244

Investment Segment [Member] | Total fair value [Member] | Recurring measurement [Member] | Equity securities: | Funds

Investments [Abstract]

Trading securities

308

Securities sold, not yet purchased, at fair value:

Securities sold, not yet purchased, at fair value

Investment Segment [Member] | Total fair value [Member] | Recurring measurement [Member] | Equity securities: | Technology

Investments [Abstract]

Trading securities

1,166

325

Investment Segment [Member] | Total fair value [Member] | Recurring measurement [Member] | Equity securities: | Utilities

Investments [Abstract]

Trading securities

208

Investment Segment [Member] | Total fair value [Member] | Recurring measurement [Member] | Corporate debt:

Investments [Abstract]

Trading securities

338

374

Investment Segment [Member] | Total fair value [Member] | Recurring measurement [Member] | Corporate debt: | Consumer, cyclical

Investments [Abstract]

Trading securities

290

288

Investment Segment [Member] | Total fair value [Member] | Recurring measurement [Member] | Corporate debt: | Financial

Investments [Abstract]

Trading securities

Investment Segment [Member] | Total fair value [Member] | Recurring measurement [Member] | Corporate debt: | Sovereign debt

Investments [Abstract]

Trading securities

Investment Segment [Member] | Total fair value [Member] | Recurring measurement [Member] | Corporate debt: | Utilities

Investments [Abstract]

Trading securities

Investment Segment [Member] | Total fair value [Member] | Recurring measurement [Member] | Mortgage-backed securities: | Financial

Investments [Abstract]

Trading securities

$ 175

$ 188

[1]	Included in other assets in our consolidated balance sheets.
[2]	Included in accrued expenses and other liabilities in our consolidated balance sheets.

Fair Value Measurements Changes in Fair Value Level 3 (Details) - Level 3 [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Investment Segment [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, [Roll Forward]
Balance at January 1	$ 288	$ 289
Gross realized and unrealized gains (losses)	4	(13)
Gross proceeds	(2)	(3)
Balance at March 31	290	273
Holding Company [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, [Roll Forward]
Balance at January 1	81	0
Purchase	46	0
Gross realized and unrealized gains (losses)	(2)	0
Balance at March 31	$ 125	$ 0

Fair Value Measurements Other Segments Fair Value (Details) - Other Segments and Holding Company [Member] - Recurring measurement [Member] - USD ($)
$ in Millions

Mar. 31, 2013

Dec. 31, 2012

Level 1 [Member]

Assets [Abstract]

Marketable equity and debt securities

$ 1

Trading securities

Derivative contracts, at fair value (asset)

^[1]

Fair value of investment and derivative assets

Liabilities [Abstract]

Other liabilities

Derivative contracts at fair value (liability)

^[2]

Fair value of derivative and other liabilities

Level 2 [Member]

Assets [Abstract]

Marketable equity and debt securities

Trading securities

Derivative contracts, at fair value (asset)

^[1]

Fair value of investment and derivative assets

Liabilities [Abstract]

Other liabilities

Derivative contracts at fair value (liability)

^[2]

Fair value of derivative and other liabilities

Level 3 [Member]

Assets [Abstract]

Marketable equity and debt securities

Trading securities

125

Derivative contracts, at fair value (asset)

^[1]

Fair value of investment and derivative assets

125

Liabilities [Abstract]

Other liabilities

Derivative contracts at fair value (liability)

^[2]

Fair value of derivative and other liabilities

Total fair value [Member]

Assets [Abstract]

Marketable equity and debt securities

Trading securities

125

Derivative contracts, at fair value (asset)

^[1]

Fair value of investment and derivative assets

127

Liabilities [Abstract]

Other liabilities

Derivative contracts at fair value (liability)

^[2]

Fair value of derivative and other liabilities

$ 77

$ 90

[1]	Amounts are classified within other assets in our consolidated balance sheets.
[2]	Amounts are classified within accrued expenses and other liabilities in our consolidated balance sheets.

Fair Value Measurements Narrative (Details) - Investment Segment [Member] $ in Millions	3 Months Ended
	Mar. 31, 2013 USD ($)
Fair Value, Instruments Classified in Shareholders' Equity Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Risk premium adjustment assumption to project change in fair value of loan	1.00%
Change in fair value of loan from 1 percent change in risk premium	2.00%
Level 3 [Member]
Fair Value, Instruments Classified in Shareholders' Equity Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Unrealized losses included in earnings related to Level 3 investments	$ 4

Financial Instruments Investment Segment and Holding Company Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012
Derivative [Line Items]
Cash collateral posted for derivative positions	$ 40		$ 148
Investment Segment [Member] \| Investment Funds [Member]
Derivative [Line Items]
Maximum payout amounts relating to put options written	859		7,900
Covered put options on existing short positions			6,800
Unrealized gains on open option contracts written	1	$ 180
Fair value of derivative instruments with credit-risk related contingent features in a liability position	$ 478		$ 84

Financial Instruments Automotive Narrative (Details) - Automotive Segment [Member] - Federal-Mogul [Member] $ in Millions	3 Months Ended
	Mar. 31, 2013 USD ($) number_of_customers	Dec. 31, 2012 USD ($)
Cash Flow Hedging [Member]
Derivative [Line Items]
Notional value of price hedge contracts	$ 52	$ 45
Maturity of price risk cash flow hedge derivatives (in years)	1 year
Notional value of foreign currency hedge contracts	$ 126	160
Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member]
Derivative [Line Items]
Unrealized net gains (losses) on price hedge contracts	(1)	1
Notional value of foreign currency hedge contracts	14	11
Unrealized net gains on foreign currency hedge contracts		1
Derivative instruments, Gain recognized in income	3
Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member] \| Maximum [Member]
Derivative [Line Items]
Unrealized net gains on foreign currency hedge contracts	$ 0
Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member] \| Interest rate swap contracts
Derivative [Line Items]
Maximum length of time hedged in interest rate cash flow hedge	5 years
Notional value of interest rate swap agreements	$ 1,190
Remaining portion of notional amount of interest rate cash flow hedge instruments	140
Accumulated other comprehensive income loss interest rate hedges.	(2)	$ (10)
Losses on interest rate swap agreements expected to be reclassified	2
Expected change in interest expense from 25 basis point change in interest rates, 2014	7
Expected change in interest expense from 25 basis point change in interest rates, 2015	$ 2
Sales Revenue, Goods, Net [Member] \| Customer Concentration Risk [Member]
Derivative [Line Items]
Number of customers accounting for more than 6% of direct sales \| number_of_customers	0
Concentration of risk threshold, percentage of direct sales	6.00%
VCS [Member] \| Accounts Receivable [Member] \| Customer Concentration Risk [Member]
Derivative [Line Items]
Concentration threshhold, balance sheet	18.00%

Financial Instruments Energy (Details) - Energy Segment [Member] bbl in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2013 USD ($) bbl	Dec. 31, 2012 USD ($) bbl	Jul. 02, 2012
Commodity contracts \| Not Designated as Hedging Instrument [Member] \| Accrued expenses and other liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative contract at fair value (liability)	$ 1
Swap [Member] \| Commodity contracts \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Barrels of crack spreads hedging margin on future gasoline and distillate production \| bbl	22.8	23.3
Swap [Member] \| Commodity contracts \| Not Designated as Hedging Instrument [Member] \| Accrued expenses and other liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative contract at fair value (liability)	$ 34	$ 67
Other income (loss), net [Member] \| Commodity contracts \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Realized loss on commodity derivatives	2
Other income (loss), net [Member] \| Swap [Member] \| Commodity contracts \| Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Realized loss on commodity derivatives	18
Cash Flow Hedging [Member] \| Interest rate swap contracts \| Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Notional value of interest rate swap agreements	$ 63
Lower fixed interest rate paid on interest rate swaps	1.94%		1.975%
Frequency of interest rate swap settlements	90 days
Average fixed interest rate paid on interest rate swaps	1.96%
Realized loss on interest rate swaps reclassified from AOCI into interest expense	$ 1
Debt Facility [Member] \| Term Loan [Member]
Derivatives, Fair Value [Line Items]
Balance of debt partially hedged	$ 125
Effective interest rate on debt hedged	4.60%

Financial Instruments Derivative Activities Table (Details) $ in Millions	Mar. 31, 2013 USD ($)
Equity swaps
Derivative [Line Items]
Long Notional Exposure	$ 2
Short Notional Exposure	6,128
Foreign currency forwards
Derivative [Line Items]
Long Notional Exposure	126
Short Notional Exposure	2,162
Interest rate swap contracts
Derivative [Line Items]
Long Notional Exposure	203
Short Notional Exposure	0
Commodity contracts
Derivative [Line Items]
Long Notional Exposure	66
Short Notional Exposure	$ 39

Financial Instruments Derivatives Not Designated as Hedging, Fair Value Table (Details) - USD ($)
$ in Millions

Mar. 31, 2013

Dec. 31, 2012

Derivatives Not Designated as Hedging Instruments, Fair Value [Line Items]

Cash collateral posted for derivative positions

$ 40

$ 148

Not Designated as Hedging Instrument [Member] | Other assets [Member]

Derivatives Not Designated as Hedging Instruments, Fair Value [Line Items]

Asset Derivatives, Gross

^[1]

Asset Derivatives, Netting across contract types

^[1],[2]

(24)

(7)

Asset Derivatives, Total

^[1],[2]

Not Designated as Hedging Instrument [Member] | Accrued expenses and other liabilities [Member]

Derivatives Not Designated as Hedging Instruments, Fair Value [Line Items]

Liability Derivatives, Gross

^[3]

541

168

Liability Derivatives, Netting across contract types

^[2],[3]

(24)

(7)

Derivative contracts at fair value (liability)

^[2],[3]

517

161

Not Designated as Hedging Instrument [Member] | Equity contracts | Other assets [Member]

Derivatives Not Designated as Hedging Instruments, Fair Value [Line Items]

Asset Derivatives, Gross

^[1]

Not Designated as Hedging Instrument [Member] | Equity contracts | Accrued expenses and other liabilities [Member]

Derivatives Not Designated as Hedging Instruments, Fair Value [Line Items]

Liability Derivatives, Gross

^[3]

483

Not Designated as Hedging Instrument [Member] | Foreign exchange contracts | Other assets [Member]

Derivatives Not Designated as Hedging Instruments, Fair Value [Line Items]

Asset Derivatives, Gross

^[1]

Not Designated as Hedging Instrument [Member] | Foreign exchange contracts | Accrued expenses and other liabilities [Member]

Derivatives Not Designated as Hedging Instruments, Fair Value [Line Items]

Liability Derivatives, Gross

^[3]

Not Designated as Hedging Instrument [Member] | Commodity contracts | Other assets [Member]

Derivatives Not Designated as Hedging Instruments, Fair Value [Line Items]

Asset Derivatives, Gross

^[1]

Not Designated as Hedging Instrument [Member] | Commodity contracts | Accrued expenses and other liabilities [Member]

Derivatives Not Designated as Hedging Instruments, Fair Value [Line Items]

Liability Derivatives, Gross

^[3]

$ 54

$ 74

[1]	) Net asset derivatives are located within other assets in our consolidated balance sheet
[2]	) Excludes netting of cash collateral received and posted. The total collateral posted at March 31, 2013 and December 31, 2012 was $40 million and $148 million, respectively, across all counterpartie
[3]	) Net liability derivatives are located within accrued expenses and other liabilities in our consolidated balance sheet

Financial Instruments Gain (Loss) Recognized on Derivatives Not Designated as Hedging Table (Details) - Not Designated as Hedging Instrument [Member] - Net gain (loss) from investment activities [Member] - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2013

Mar. 31, 2012

Derivative [Line Items]

Gain (Loss) Recognized in Income

^[1]

$ (628)

$ (440)

Equity contracts

Derivative [Line Items]

Gain (Loss) Recognized in Income

^[1]

(645)

(399)

Foreign exchange contracts

Derivative [Line Items]

Gain (Loss) Recognized in Income

^[1]

(41)

Commodity contracts

Derivative [Line Items]

Gain (Loss) Recognized in Income

^[1]

$ (51)

$ 0

[1]	) Gains (losses) recognized on derivatives are classified in net gain from investment activities in our consolidated statements of operations for our Investment segment and are included in other income (loss), net for all other segment

Financial Instruments Derivatives Designated as Cash Flow Hedging Instruments Table (Details) - Designated as Hedging Instrument [Member] - Cash Flow Hedging [Member] - USD ($)
$ in Millions

Mar. 31, 2013

Dec. 31, 2012

Other assets [Member]

Derivatives, Fair Value [Line Items]

Asset Derivatives, Gross

^[1]

$ 1

$ 2

Asset Derivatives, Netting across contract types

^[1]

(1)

(2)

Asset Derivatives, Total

^[1]

Accrued expenses and other liabilities [Member]

Derivatives, Fair Value [Line Items]

Liability Derivatives, Gross

^[2]

Liability Derivatives, Netting across contract types

^[2]

(1)

(2)

Derivative contracts at fair value (liability)

^[2]

Interest rate swap contracts | Other assets [Member]

Derivatives, Fair Value [Line Items]

Asset Derivatives, Gross

^[1]

Interest rate swap contracts | Accrued expenses and other liabilities [Member]

Derivatives, Fair Value [Line Items]

Liability Derivatives, Gross

^[2]

Commodity contracts | Other assets [Member]

Derivatives, Fair Value [Line Items]

Asset Derivatives, Gross

^[1]

Commodity contracts | Accrued expenses and other liabilities [Member]

Derivatives, Fair Value [Line Items]

Liability Derivatives, Gross

^[2]

$ 2

$ 1

[1]	) Located within other assets in our consolidated balance sheet
[2]	) Located within accrued expenses and other liabilities in our consolidated balance sheet

Financial Instruments Derivatives Designated as Hedging, Gain (Loss) Tables (Details) - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2013

Mar. 31, 2012

Derivative Instruments, Gain (Loss) [Line Items]

Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net

^[1]

$ 7

Designated as Hedging Instrument [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net

(3)

$ 1

Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net

(7)

(13)

Designated as Hedging Instrument [Member] | Interest rate swap contracts

Derivative Instruments, Gain (Loss) [Line Items]

Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net

(1)

(3)

Designated as Hedging Instrument [Member] | Interest rate swap contracts | Interest expense

Derivative Instruments, Gain (Loss) [Line Items]

Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net

(7)

(10)

Designated as Hedging Instrument [Member] | Commodity contracts

Derivative Instruments, Gain (Loss) [Line Items]

Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net

(2)

Designated as Hedging Instrument [Member] | Commodity contracts | Cost of goods sold

Derivative Instruments, Gain (Loss) [Line Items]

Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net

(3)

Designated as Hedging Instrument [Member] | Foreign currency contracts

Derivative Instruments, Gain (Loss) [Line Items]

Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net

(3)

Designated as Hedging Instrument [Member] | Foreign currency contracts | Cost of goods sold

Derivative Instruments, Gain (Loss) [Line Items]

Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net

$ 0

[1]

Refer to Note 11, "Pension, Other Post-employment Benefits and Employee Benefit Plans," and Note 6, "Financial Instruments," for additional information with respect to reclassifications from accumulated other comprehensive loss to earnings relating to post-employment benefits, net of tax and hedge instruments, net of tax, respectively. Such items do not represent reclassifications in their entirety.

Inventories, Net (Details) - USD ($) $ in Millions	Mar. 31, 2013	Dec. 31, 2012
Inventories, Net [Abstract]
Raw materials	$ 490	$ 495
Work in process	263	248
Finished goods	1,215	1,212
Inventory, net	$ 1,968	$ 1,955

Goodwill and Intangible Assets, Net Goodwill Table (Details) - USD ($) $ in Millions	Mar. 31, 2013	Dec. 31, 2012
Goodwill [Line Items]
Goodwill, Gross Carrying Amount	$ 2,315	$ 2,308
Goodwill, Accumulated Impairment	(226)	(226)
Goodwill, Net Carrying Value	2,089	2,082
Automotive Segment [Member]
Goodwill [Line Items]
Goodwill, Gross Carrying Amount	1,375	1,368
Goodwill, Accumulated Impairment	(226)	(226)
Goodwill, Net Carrying Value	1,149	1,142
Energy Segment [Member]
Goodwill [Line Items]
Goodwill, Gross Carrying Amount	930	930
Goodwill, Accumulated Impairment	0	0
Goodwill, Net Carrying Value	930	930
Railcar Segment [Member]
Goodwill [Line Items]
Goodwill, Gross Carrying Amount	7	7
Goodwill, Accumulated Impairment	0	0
Goodwill, Net Carrying Value	7	7
Food Packaging Segment [Member]
Goodwill [Line Items]
Goodwill, Gross Carrying Amount	3	3
Goodwill, Accumulated Impairment	0	0
Goodwill, Net Carrying Value	$ 3	$ 3

- Definition

Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6388280&loc=d3e13770-109266

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 43
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 72
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-Clause 1
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 68
-Subparagraph l
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Goodwill and Intangible Assets, Net Definite-lived and Indefinite-lived Intangible Assets Table (Details) - USD ($) $ in Millions	Mar. 31, 2013	Dec. 31, 2012
Definite-lived intangible assets: [Abstract]
Definite-lived intangible assets, Gross Carrying Amount	$ 1,267	$ 1,270
Definite-lived intangible assets, Accumulated Amortization	(376)	(355)
Definite-lived intangible assets, Net Carrying Value	891	915
Indefinite-lived intangible assets: [Abstract]
Indefinite-lived intangible assets, Net Carrying Value	289	291
Intangible assets, net	1,180	1,206
Trademarks and brand names
Indefinite-lived intangible assets: [Abstract]
Indefinite-lived intangible assets, Net Carrying Value	260	262
Gaming licenses
Indefinite-lived intangible assets: [Abstract]
Indefinite-lived intangible assets, Net Carrying Value	29	29
Customer relationships
Definite-lived intangible assets: [Abstract]
Definite-lived intangible assets, Gross Carrying Amount	919	921
Definite-lived intangible assets, Accumulated Amortization	(254)	(238)
Definite-lived intangible assets, Net Carrying Value	665	683
Developed technology
Definite-lived intangible assets: [Abstract]
Definite-lived intangible assets, Gross Carrying Amount	120	121
Definite-lived intangible assets, Accumulated Amortization	(59)	(57)
Definite-lived intangible assets, Net Carrying Value	61	64
In-place leases
Definite-lived intangible assets: [Abstract]
Definite-lived intangible assets, Gross Carrying Amount	121	121
Definite-lived intangible assets, Accumulated Amortization	(46)	(43)
Definite-lived intangible assets, Net Carrying Value	75	78
Gasification technology license
Definite-lived intangible assets: [Abstract]
Definite-lived intangible assets, Gross Carrying Amount	60	60
Definite-lived intangible assets, Accumulated Amortization	(2)	(2)
Definite-lived intangible assets, Net Carrying Value	58	58
Other
Definite-lived intangible assets: [Abstract]
Definite-lived intangible assets, Gross Carrying Amount	47	47
Definite-lived intangible assets, Accumulated Amortization	(15)	(15)
Definite-lived intangible assets, Net Carrying Value	$ 32	$ 32

Goodwill and Intangible Assets, Net Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Goodwill and Intangible Assets [Line Items]
Amortization expense associated with definite-lived intangible assets	$ 21	$ 15
BERU [Member] \| Automotive Segment [Member]
Goodwill and Intangible Assets [Line Items]
Increase to goodwill due to purchase accounting adjustment	7
Decrease to definite-lived intangible assets due to purchase accounting adjustments	$ 3

Property, Plant and Equipment, Net (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 8,583		$ 8,440
Less: Accumulated depreciation and amortization	(2,012)		(1,917)
Property, plant and equipment, net	6,571		6,523
Depreciation and amortization expense related to property, plant and equipment	134	$ 85
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	461		465
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 2,068		2,064
Buildings and improvements \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	4 years
Buildings and improvements \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	40 years
Machinery, equipment and furniture
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 4,682		4,519
Machinery, equipment and furniture \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	1 year
Machinery, equipment and furniture \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	30 years
Assets leased to others
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 836		743
Assets leased to others \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	15 years
Assets leased to others \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	39 years
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 536		$ 649

Debt Table (Details) - USD ($) $ in Millions	Mar. 31, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Debt	$ 8,184	$ 8,548
Automotive Segment [Member]
Debt Instrument [Line Items]
Debt	2,818	2,805
Energy Segment [Member]
Debt Instrument [Line Items]
Debt	677	926
Gaming Segment [Member]
Debt Instrument [Line Items]
Debt	170	171
Railcar Segment [Member]
Debt Instrument [Line Items]
Debt	150	275
Food Packaging Segment [Member]
Debt Instrument [Line Items]
Debt	215	215
Real Estate Segment [Member]
Debt Instrument [Line Items]
Debt	70	71
Home Fashion Segment [Member]
Debt Instrument [Line Items]
Debt	0	0
Senior unsecured notes [Member] \| 8% senior unsecured notes due 2018 - Icahn Enterprises/Icahn Enterprises Holdings
Debt Instrument [Line Items]
Debt	2,475	2,476
Senior unsecured notes [Member] \| 7.75% senior unsecured notes due 2016 - Icahn Enterprises/Icahn Enterprises Holdings
Debt Instrument [Line Items]
Debt	1,050	1,050
Senior unsecured notes [Member] \| Senior unsecured variable rate convertible notes due 2013 - Icahn Enterprises/Icahn Enterprises Holdings
Debt Instrument [Line Items]
Debt	556	556
Senior unsecured notes [Member] \| Railcar Segment [Member]
Debt Instrument [Line Items]
Debt	150	275
Debt facilities [Member] \| Automotive Segment [Member]
Debt Instrument [Line Items]
Debt	2,738	2,738
Debt facilities [Member] \| Energy Segment [Member]
Debt Instrument [Line Items]
Debt	500	749
Secured credit facilities [Member] \| Energy Segment [Member]
Debt Instrument [Line Items]
Debt	125	125
Secured credit facilities [Member] \| Gaming Segment [Member]
Debt Instrument [Line Items]
Debt	170	171
Secured credit facilities [Member] \| Food Packaging Segment [Member]
Debt Instrument [Line Items]
Debt	214	214
Mortgages payable [Member] \| Real Estate Segment [Member]
Debt Instrument [Line Items]
Debt	69	70
Other Debt Obligations [Member]
Debt Instrument [Line Items]
Debt	137	124
Icahn Enterprises Holdings [Member]
Debt Instrument [Line Items]
Debt	8,176	8,540
Icahn Enterprises Holdings [Member] \| Senior unsecured notes [Member] \| 8% senior unsecured notes due 2018 - Icahn Enterprises/Icahn Enterprises Holdings
Debt Instrument [Line Items]
Debt	2,470	2,471
Icahn Enterprises Holdings [Member] \| Senior unsecured notes [Member] \| 7.75% senior unsecured notes due 2016 - Icahn Enterprises/Icahn Enterprises Holdings
Debt Instrument [Line Items]
Debt	1,047	1,047
Icahn Enterprises Holdings [Member] \| Senior unsecured notes [Member] \| Senior unsecured variable rate convertible notes due 2013 - Icahn Enterprises/Icahn Enterprises Holdings
Debt Instrument [Line Items]
Debt	556	556
Icahn Enterprises Holdings [Member] \| Senior unsecured notes [Member] \| Railcar Segment [Member]
Debt Instrument [Line Items]
Debt	150	275
Icahn Enterprises Holdings [Member] \| Debt facilities [Member] \| Automotive Segment [Member]
Debt Instrument [Line Items]
Debt	2,738	2,738
Icahn Enterprises Holdings [Member] \| Debt facilities [Member] \| Energy Segment [Member]
Debt Instrument [Line Items]
Debt	500	749
Icahn Enterprises Holdings [Member] \| Secured credit facilities [Member] \| Energy Segment [Member]
Debt Instrument [Line Items]
Debt	125	125
Icahn Enterprises Holdings [Member] \| Secured credit facilities [Member] \| Gaming Segment [Member]
Debt Instrument [Line Items]
Debt	170	171
Icahn Enterprises Holdings [Member] \| Secured credit facilities [Member] \| Food Packaging Segment [Member]
Debt Instrument [Line Items]
Debt	214	214
Icahn Enterprises Holdings [Member] \| Mortgages payable [Member] \| Real Estate Segment [Member]
Debt Instrument [Line Items]
Debt	69	70
Icahn Enterprises Holdings [Member] \| Other Debt Obligations [Member]
Debt Instrument [Line Items]
Debt	$ 137	$ 124

Debt Narrative - Senior Unsecured Notes - Icahn Enterprises (Details) - Senior unsecured notes [Member] - USD ($)				3 Months Ended		6 Months Ended
	Jan. 25, 2013	Nov. 12, 2010	Jan. 15, 2010	Mar. 31, 2013	Mar. 31, 2012	Jul. 12, 2012	Jul. 02, 2012	Apr. 30, 2007	Apr. 05, 2007
Debt Instrument [Line Items]
Additional indebtedness allowed per debt covenants				$ 2,400,000,000
Initial Notes [Member]
Debt Instrument [Line Items]
Gross proceeds from sale of senior unsecured notes			$ 1,987,000,000
Redemption percentage of aggregate principal amount authorized to be redeemed at higher percenatge of principal amount				35.00%
Percentage of aggregate principal amount required to remain outstanding if debt redeemed at higher percenatge of principal amount				65.00%
2016 Additional Notes [Member]
Debt Instrument [Line Items]
Term Loan Facility		$ 200,000,000
7.75% senior unsecured notes due 2016 [Member]
Debt Instrument [Line Items]
Term Loan Facility			$ 850,000,000
Interest rate, long-term debt			7.75%
8% senior unsecured notes due 2018 [Member]
Debt Instrument [Line Items]
Term Loan Facility			$ 1,150,000,000
Interest rate, long-term debt			8.00%
2018 Additional Notes [Member]
Debt Instrument [Line Items]
Term Loan Facility		300,000,000
2010 Additional Notes [Member]
Debt Instrument [Line Items]
Gross proceeds from sale of senior unsecured notes		$ 512,000,000
2012 Additional Notes [Member]
Debt Instrument [Line Items]
Term Loan Facility							$ 1,000,000,000
Gross proceeds from sale of senior unsecured notes						$ 1,030,000,000
Variable Rate Senior Unsecured Convertible Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate									1.25%
Term Loan Facility								$ 600,000,000
Variable interest rate				4.00%
Variable rate notes, depositary unit, maximum dividends, per share, declared, before matching distribution to variable rate noteholders required				$ 0.10
Variable rate notes, distribution amount				$ 0	$ 0
Debt repurchase date range, from January 15, 2013 to January 14, 2014 [Member] \| 7.75% senior unsecured notes due 2016 [Member]
Debt Instrument [Line Items]
Redemption percentage of principal amount				103.875%
Debt repurchase date range, from January 15, 2014 to January 14, 2015 [Member] \| 7.75% senior unsecured notes due 2016 [Member]
Debt Instrument [Line Items]
Redemption percentage of principal amount				101.938%
Debt repurchase date range, from January 15, 2014 to January 14, 2015 [Member] \| 8% senior unsecured notes due 2018 [Member]
Debt Instrument [Line Items]
Redemption percentage of principal amount				104.00%
Debt repurchase date range, on or after January 15, 2015 [Member] \| 7.75% senior unsecured notes due 2016 [Member]
Debt Instrument [Line Items]
Redemption percentage of principal amount				100.00%
Debt repurchase date range, from January 15, 2015 to January 14, 2016 [Member] \| 8% senior unsecured notes due 2018 [Member]
Debt Instrument [Line Items]
Redemption percentage of principal amount				102.00%
Debt repurchase date range, on or after January 15, 2016 [Member] \| 8% senior unsecured notes due 2018 [Member]
Debt Instrument [Line Items]
Redemption percentage of principal amount				100.00%
Debt repurchase percentage of principal amount authorized pursuant to additional requirements [Member] \| 7.75% senior unsecured notes due 2016 [Member]
Debt Instrument [Line Items]
Redemption percentage of principal amount				107.75%
Debt repurchase percentage of principal amount authorized pursuant to additional requirements [Member] \| 8% senior unsecured notes due 2018 [Member]
Debt Instrument [Line Items]
Redemption percentage of principal amount				108.00%
Debt repurchase percentage of principal amount authorized if change of control [Member] \| Initial Notes [Member]
Debt Instrument [Line Items]
Redemption percentage of principal amount				101.00%
Minimum [Member] \| Variable Rate Senior Unsecured Convertible Notes [Member]
Debt Instrument [Line Items]
Variable interest rate									4.00%
Maximum [Member] \| Variable Rate Senior Unsecured Convertible Notes [Member]
Debt Instrument [Line Items]
Variable interest rate									5.50%
Repayment of Debt [Member] \| Variable Rate Senior Unsecured Convertible Notes [Member]
Debt Instrument [Line Items]
Repayments of debt	$ 600,000,000
Icahn Enterprises Holdings [Member] \| Repayment of Debt [Member] \| Variable Rate Senior Unsecured Convertible Notes [Member]
Debt Instrument [Line Items]
Repayments of debt	$ 44,000,000

Debt Narrative - Debt Facilities - Automotive (Details) - Automotive Segment [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2013	Dec. 31, 2012
Letter of Credit [Member] \| Tranche C Loan [Member]
Debt Instrument [Line Items]
Amount deposited in term letter of credit account under credit facility	$ 50
Revolving Credit Facility [Member] \| Debt Facility [Member]
Debt Instrument [Line Items]
Line of credit facility	540
Revolving credit facility, unused borrowing availability	504	$ 451
Letter of Credit [Member] \| Debt Facility [Member]
Debt Instrument [Line Items]
Letters of credit outstanding	$ 37	$ 37
Term Loan [Member] \| Debt Facility [Member]
Debt Instrument [Line Items]
Term of Interest Rate Derivatives	5 years
Term Loan Facility	$ 2,960
Term Loan [Member] \| Debt Facility [Member] \| Tranche B Loan [Member]
Debt Instrument [Line Items]
Term Loan Facility	1,960
Term Loan [Member] \| Debt Facility [Member] \| Tranche C Loan [Member]
Debt Instrument [Line Items]
Term Loan Facility	$ 1,000
LIBOR [Member] \| Term Loan [Member] \| Debt Facility [Member]
Debt Instrument [Line Items]
Percentage spread on debt	1.9375%
Base Rate [Member] \| Term Loan [Member] \| Debt Facility [Member]
Debt Instrument [Line Items]
Percentage spread on debt	0.9375%
Minimum [Member] \| LIBOR [Member] \| Revolving Credit Facility [Member] \| Debt Facility [Member]
Debt Instrument [Line Items]
Percentage spread on debt	1.50%
Minimum [Member] \| Base Rate [Member] \| Revolving Credit Facility [Member] \| Debt Facility [Member]
Debt Instrument [Line Items]
Percentage spread on debt	0.50%
Maximum [Member] \| LIBOR [Member] \| Revolving Credit Facility [Member] \| Debt Facility [Member]
Debt Instrument [Line Items]
Percentage spread on debt	2.00%
Maximum [Member] \| Base Rate [Member] \| Revolving Credit Facility [Member] \| Debt Facility [Member]
Debt Instrument [Line Items]
Percentage spread on debt	1.00%

Debt Narrative - Debt and Credit Facilities - Energy (Details) - Energy Segment [Member] - USD ($) $ in Millions				3 Months Ended
	Oct. 23, 2012	Jun. 04, 2012	May 04, 2012	Mar. 31, 2013	Dec. 31, 2012	Dec. 01, 2012	Dec. 15, 2011	Apr. 13, 2011	Apr. 06, 2010
Debt Instrument [Line Items]
Use of portion of debt proceeds	$ 348
CVR Second Lien Notes [Member]
Debt Instrument [Line Items]
Gain on extinguishment of debt				$ 5
CVR Issuers [Member] \| CVR First Lien Notes [Member] \| Term Loan [Member]
Debt Instrument [Line Items]
Term Loan Facility									$ 275
Interest rate, long-term debt									9.00%
CVR Issuers [Member] \| CVR Second Lien Notes [Member] \| Term Loan [Member]
Debt Instrument [Line Items]
Term Loan Facility									$ 225
Interest rate, long-term debt									10.875%
CVR Issuers [Member] \| Additional CVR Notes [Member] \| Term Loan [Member]
Debt Instrument [Line Items]
Term Loan Facility							$ 200
Interest rate, long-term debt							9.00%
CRLLC [Member] \| ABL Credit Facility [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Senior credit facility, maximum borrowing availability				373		$ 400
Line of credit facility, incremental borrowing increase						$ 200
Line of credit facility, outstanding borowings				27	$ 0
CRLLC [Member] \| ABL Credit Facility [Member] \| Letter of Credit [Member]
Debt Instrument [Line Items]
Letters of credit sublimit as a percentage of total facility commitment						10.00%
CRLLC [Member] \| Letter of Credit [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, outstanding borowings				0
CRLLC [Member] \| Debt repurchase percentage of principal amount authorized if change of control [Member] \| CVR Notes [Member] \| Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Unamortized Premium			$ 54
Redemption of debt instrument, premium written off				$ 25
Redemption percentage of principal amount		101.00%	101.00%
CRNF [Member] \| Term Loan [Member]
Debt Instrument [Line Items]
Term Loan Facility								$ 125
CRNF [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility								25
Line of credit facility, potential increase in maximum borrowing capacity if covenant requirements met								$ 50
CRNF [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Percentage spread on debt				2.50%
CRNF [Member] \| EuroDollar [Member]
Debt Instrument [Line Items]
Percentage spread on debt				3.50%
Issuance of Debt [Member] \| 2022 Notes [Member] \| Senior unsecured notes [Member]
Debt Instrument [Line Items]
Term Loan Facility	$ 500
Interest rate, long-term debt	6.50%
Gross proceeds from sale of senior unsecured notes	$ 493
Repayment of Debt [Member]
Debt Instrument [Line Items]
Use of portion of debt proceeds	323
Payment of accrued interest [Member]
Debt Instrument [Line Items]
Use of portion of debt proceeds	2
Payment of premium [Member]
Debt Instrument [Line Items]
Use of portion of debt proceeds	$ 23

Debt Narrative - Senior Unsecured Notes and Secured Term Loan Facility - Railcar (Details) - Railcar Segment [Member] - USD ($) $ in Millions		1 Months Ended
	Mar. 01, 2013	Feb. 28, 2013	Sep. 30, 2012	Mar. 31, 2013	Feb. 01, 2013	Dec. 31, 2012	Dec. 01, 2012	Feb. 28, 2007
Debt Instrument [Line Items]
Repayments of debt			$ 100
Senior unsecured notes [Member]
Debt Instrument [Line Items]
Aggregate principal amount issued, long-term debt								$ 275
Interest rate, long-term debt						7.50%
Term Loan [Member]
Debt Instrument [Line Items]
Aggregate principal amount issued, long-term debt							$ 200
Draw on term loan, initial draw							$ 98
Long-term Debt				$ 150		$ 100
Debt Instrument, Basis Spread on Variable Rate				2.50%
Pledged assets				$ 170		$ 112
Gross proceeds from sale of senior unsecured notes		$ 50
Debt Instrument, Unused Borrowing Capacity, Amount					$ 50
Repayment of Debt [Member]
Debt Instrument [Line Items]
Repayments of debt	$ 175

Debt Narrative - Credit Facilities - Gaming (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2013	Dec. 31, 2012
Term Loan [Member] \| Gaming Segment [Member] \| Secured Debt [Member]
Debt Instrument [Line Items]
Term Loan Facility	$ 175
Term loan facility, issue discount percentage	2.00%
Debt Instrument, Periodic Payment, Percentage of Original Principal Amount	0.25%
Debt Instrument, Interest Rate at Period End	7.50%
Potential increase in New Term Loan Facility	$ 75
Total net leverage ratio	5.00
Trailing Months Used to Calculate Leverage Ratios	12 months
Revolving Credit Facility [Member] \| Gaming Segment [Member] \| Secured Debt [Member]
Debt Instrument [Line Items]
Potential increase in New Term Loan Facility	$ 20
Letter of Credit [Member] \| Gaming Segment [Member] \| Secured Debt [Member]
Debt Instrument [Line Items]
Letter of credit facility, maximum aggregate amount	$ 15
Letters of credit, cash collateral requirement, percentage of face amount	103.00%
Minimum [Member] \| Term Loan [Member] \| Gaming Segment [Member] \| Secured Debt [Member]
Debt Instrument [Line Items]
First lien net leverage ratio	2.50
Maximum [Member] \| Term Loan [Member] \| Gaming Segment [Member] \| Secured Debt [Member]
Debt Instrument [Line Items]
First lien net leverage ratio	3.25
CRLLC [Member] \| ABL Credit Facility [Member] \| Revolving Credit Facility [Member] \| Energy Segment [Member]
Debt Instrument [Line Items]
Line of credit facility, outstanding borowings	$ 27	$ 0

Debt Narrative - Senior Secured Notes and Revolving Credit Facility - Food Packaging (Details) - Food Packaging Segment [Member] - USD ($)		3 Months Ended
	Nov. 30, 2007	Mar. 31, 2013	Dec. 31, 2012	May 31, 2010	Dec. 31, 2009
Secured Debt [Member] \| Viskase Notes Indenture [Member]
Debt Instrument [Line Items]
Aggregate principal amount issued, long-term debt				$ 40,000,000
Interest rate, long-term debt				9.875%
Redemption percentage of aggregate principal amount authorized to be redeemed at higher percenatge of principal amount		35.00%
Percentage of aggregate principal amount required to remain outstanding if debt redeemed at higher percenatge of principal amount		65.00%
Secured Debt [Member] \| Viskase Senior Secured Notes due 2018 [Member]
Debt Instrument [Line Items]
Aggregate principal amount issued, long-term debt					$ 175,000,000
Interest rate, long-term debt					9.875%
Secured Debt [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility	$ 25,000,000
Percentage spread on debt		2.00%
Debt Instrument, Interest Rate Floor	3.00%
Revolving credit facility unused line fee	0.375%
Line of credit facility, outstanding borowings		$ 0	$ 0
Secured Debt [Member] \| Letter of Credit [Member]
Debt Instrument [Line Items]
Letters of Credit Outstanding, Amount		1,000,000	1,000,000
Unsecured Debt [Member] \| Line of Credit [Member]
Debt Instrument [Line Items]
Line of credit facility		8,000,000
Line of credit facility, outstanding borowings		$ 0	$ 0
Debt repurchase date range, Prior to January 15, 2014 [Member] \| Secured Debt [Member] \| Viskase Notes Indenture [Member]
Debt Instrument [Line Items]
Redemption percentage of principal amount		109.875%
Maximum [Member] \| Secured Debt [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Percentage spread on debt	2.50%

Debt Narrative - Mortgages Payable - Real Estate (Details) - Real Estate Segment [Member] - Mortgages [Member]	Mar. 31, 2013
Minimum [Member]
Debt Instrument [Line Items]
Interest rate, long-term debt	4.97%
Maximum [Member]
Debt Instrument [Line Items]
Interest rate, long-term debt	7.99%

Debt Narrative - Other (Details) - Revolving Credit Facility [Member] - Home Fashion Segment [Member] - Secured Debt [Member] $ in Millions	Oct. 15, 2012 USD ($)
Debt Instrument [Line Items]
Senior credit facility	$ 10
Line of credit facility, outstanding borowings	$ 6

Pensions, Other Post-employment Benefits and Employee Benefit Plans Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Pension Benefits
Net Periodic Benefit Cost [Line Items]
Service cost	$ 4	$ 7
Interest cost	18	21
Expected return on plan assets	(17)	(16)
Amortization of actuarial losses	6	10
Amortization of prior service credit	0	0
Settlement gain	0	(1)
Net periodic benefit cost	11	21
OPEB
Net Periodic Benefit Cost [Line Items]
Service cost	0	0
Interest cost	4	4
Expected return on plan assets	0	0
Amortization of actuarial losses	2	0
Amortization of prior service credit	(3)	(4)
Settlement gain	0	0
Net periodic benefit cost	$ 3	$ 0

Net Income Per LP Unit (Details) $ / shares in Units, $ in Millions					3 Months Ended
	May 02, 2013	Apr. 16, 2013 shares	Feb. 28, 2013 USD ($) $ / shares shares	Feb. 11, 2013 $ / shares	Mar. 31, 2013 USD ($) $ / units shares	Mar. 31, 2012 USD ($) $ / units shares
Earnings Per LP Unit [Line Items]
Net income attributable to Icahn Enterprises					$ 277	$ 49
Net income attributable to Icahn Enterprises allocable to limited partners (98.01% allocation)					$ 271	$ 48
Basic income per LP unit \| $ / units					2.56	0.48
Basic weighted average LP units outstanding \| shares					106,000,000	99,000,000
Dilutive effect of variable rate convertible notes (income)					$ 2
Dilutive effect of variable rate convertible notes (units) \| shares					2,000,000
Dilutive effect of unit distribution declared (income)					$ 0
Dilutive effect of unit distribution declared (units) \| shares					1,000,000
Diluted income per LP unit \| $ / units					2.50	0.48
Diluted weighted average LP units outstanding \| shares					109,000,000	99,000,000
Amount of antidilutive securities excluded from computation of earnings per share \| shares						5,000,000
Proceeds from equity offering					$ 556	$ 0
Proceeds from equity offerings					198	$ 510
Depositary units [Member]
Earnings Per LP Unit [Line Items]
Distribution declared per depositary unit \| $ / shares				$ 1.00
Units distributed as part of quartelry distribution \| shares		1,521,946
Distribution payable					$ 105
Principal Owners and Affiliates [Member]
Earnings Per LP Unit [Line Items]
Affiliate ownership interest in Icahn Enterprises	90.60%				90.50%
Limited partners \| Depositary units [Member]
Earnings Per LP Unit [Line Items]
Units issues in connection with equity offering (ones) \| shares			3,174,604
Equity offering per share amount (ones) \| $ / shares			$ 63.00
Proceeds from equity offering			$ 194
Underwriter option to purchase additional depositary units \| shares			476,191
General partner
Earnings Per LP Unit [Line Items]
Proceeds from equity offerings			$ 4

Segment Reporting, Income Statements (Details)
$ in Millions

3 Months Ended

Mar. 31, 2013

USD ($)

reporting_segments

Mar. 31, 2012

USD ($)

Segment Reporting Information [Line Items]

Number of reportable segments | reporting_segments

Revenues:

Net sales

$ 4,574

$ 2,399

Other revenues from operations

189

192

Net gain from investment activities

578

Interest and dividend income

Other (loss) income, net

(46)

Total Revenues

5,319

2,684

Expenses:

Cost of goods sold

3,893

2,072

Other expenses from operations

100

106

Selling, general and administrative

369

309

Restructuring

Impairment

Interest expense

134

117

Total Expenses

4,504

2,613

Income before income tax benefit (expense)

815

Income tax (expense) benefit

(120)

Net income

695

101

Less: net income attributable to non-controlling interests

(418)

(52)

Net income attributable to Icahn Enterprises

277

Supplemental information:

Capital expenditures

278

197

Depreciation and amortization

^[1]

155

100

Amortization included in interest expense

Investment Segment [Member]

Revenues:

Net sales

Other revenues from operations

Net gain from investment activities

578

Interest and dividend income

Other (loss) income, net

(2)

Total Revenues

603

Expenses:

Cost of goods sold

Other expenses from operations

Selling, general and administrative

Income before income tax benefit (expense)

575

Income tax (expense) benefit

Net income

575

Less: net income attributable to non-controlling interests

(342)

(35)

Net income attributable to Icahn Enterprises

233

Supplemental information:

Capital expenditures

Depreciation and amortization

Automotive Segment [Member]

Revenues:

Net sales

1,713

1,764

Other revenues from operations

Net gain from investment activities

Interest and dividend income

Other (loss) income, net

(33)

Total Revenues

1,680

1,774

Expenses:

Cost of goods sold

1,465

1,487

Other expenses from operations

Selling, general and administrative

199

201

1,703

1,731

Income before income tax benefit (expense)

(23)

Income tax (expense) benefit

(10)

Net income

(34)

Less: net income attributable to non-controlling interests

(10)

Net income attributable to Icahn Enterprises

(29)

Supplemental information:

Capital expenditures

130

Depreciation and amortization

Energy Segment [Member]

Revenues:

Net sales

2,352

Other revenues from operations

Net gain from investment activities

Interest and dividend income

Other (loss) income, net

(14)

Total Revenues

2,338

Expenses:

Cost of goods sold

1,967

Other expenses from operations

Selling, general and administrative

2,016

Income before income tax benefit (expense)

322

Income tax (expense) benefit

100

Net income

222

Less: net income attributable to non-controlling interests

(71)

Net income attributable to Icahn Enterprises

151

Supplemental information:

Capital expenditures

^[2]

Depreciation and amortization

Metals Segment [Member]

Revenues:

Net sales

264

332

Other revenues from operations

Net gain from investment activities

Interest and dividend income

Other (loss) income, net

Total Revenues

264

332

Expenses:

Cost of goods sold

267

331

Other expenses from operations

Selling, general and administrative

275

338

Income before income tax benefit (expense)

(11)

(6)

Income tax (expense) benefit

(5)

Net income

(6)

(2)

Less: net income attributable to non-controlling interests

Net income attributable to Icahn Enterprises

(6)

(2)

Supplemental information:

Capital expenditures

Depreciation and amortization

Railcar Segment [Member]

Revenues:

Net sales

110

164

Other revenues from operations

Net gain from investment activities

Interest and dividend income

Other (loss) income, net

(1)

Total Revenues

138

182

Expenses:

Cost of goods sold

137

Other expenses from operations

Selling, general and administrative

117

162

Income before income tax benefit (expense)

Income tax (expense) benefit

(8)

Net income

Less: net income attributable to non-controlling interests

(8)

(5)

Net income attributable to Icahn Enterprises

Supplemental information:

Capital expenditures

101

Depreciation and amortization

Gaming Segment [Member]

Revenues:

Net sales

Other revenues from operations

143

155

Net gain from investment activities

Interest and dividend income

Other (loss) income, net

(2)

Total Revenues

143

153

Expenses:

Cost of goods sold

Other expenses from operations

Selling, general and administrative

137

144

Income before income tax benefit (expense)

Income tax (expense) benefit

Net income

Less: net income attributable to non-controlling interests

(1)

(2)

Net income attributable to Icahn Enterprises

Supplemental information:

Capital expenditures

Depreciation and amortization

Food Packaging Segment [Member]

Revenues:

Net sales

Other revenues from operations

Net gain from investment activities

Interest and dividend income

Other (loss) income, net

Total Revenues

Expenses:

Cost of goods sold

Other expenses from operations

Selling, general and administrative

Income before income tax benefit (expense)

Income tax (expense) benefit

(1)

Net income

Less: net income attributable to non-controlling interests

(1)

Net income attributable to Icahn Enterprises

Supplemental information:

Capital expenditures

Depreciation and amortization

Real Estate Segment [Member]

Revenues:

Net sales

Other revenues from operations

Net gain from investment activities

Interest and dividend income

Other (loss) income, net

Total Revenues

Expenses:

Cost of goods sold

Other expenses from operations

Selling, general and administrative

Income before income tax benefit (expense)

Income tax (expense) benefit

Net income

Less: net income attributable to non-controlling interests

Net income attributable to Icahn Enterprises

Supplemental information:

Capital expenditures

Depreciation and amortization

Home Fashion Segment [Member]

Revenues:

Net sales

Other revenues from operations

Net gain from investment activities

Interest and dividend income

Other (loss) income, net

Total Revenues

Expenses:

Cost of goods sold

Other expenses from operations

Selling, general and administrative

Income before income tax benefit (expense)

(3)

(9)

Income tax (expense) benefit

Net income

(3)

(9)

Less: net income attributable to non-controlling interests

Net income attributable to Icahn Enterprises

(3)

(9)

Supplemental information:

Capital expenditures

Depreciation and amortization

Holding Company [Member]

Revenues:

Net sales

Other revenues from operations

Net gain from investment activities

(2)

Interest and dividend income

Other (loss) income, net

Total Revenues

(2)

Expenses:

Cost of goods sold

Other expenses from operations

Selling, general and administrative

Income before income tax benefit (expense)

(82)

(59)

Income tax (expense) benefit

(2)

Net income

(80)

(15)

Less: net income attributable to non-controlling interests

Net income attributable to Icahn Enterprises

(80)

(15)

Supplemental information:

Capital expenditures

Depreciation and amortization

Icahn Enterprises Holdings [Member]

Revenues:

Net sales

4,574

2,399

Other revenues from operations

189

192

Net gain from investment activities

578

Interest and dividend income

Other (loss) income, net

(46)

Total Revenues

5,319

2,684

Expenses:

Cost of goods sold

3,893

2,072

Other expenses from operations

100

106

Selling, general and administrative

369

309

Restructuring

Impairment

Interest expense

134

117

Total Expenses

4,504

2,613

Income before income tax benefit (expense)

815

Income tax (expense) benefit

(120)

Net income

695

101

Less: net income attributable to non-controlling interests

(418)

(52)

Net income attributable to Icahn Enterprises

277

Supplemental information:

Amortization included in interest expense

Icahn Enterprises Holdings [Member] | Investment Segment [Member]

Expenses:

Net income

575

Net income attributable to Icahn Enterprises

233

Icahn Enterprises Holdings [Member] | Automotive Segment [Member]

Expenses:

Net income

(34)

Net income attributable to Icahn Enterprises

(29)

Icahn Enterprises Holdings [Member] | Energy Segment [Member]

Expenses:

Interest expense

Net income

222

Net income attributable to Icahn Enterprises

151

Icahn Enterprises Holdings [Member] | Metals Segment [Member]

Expenses:

Net income

(6)

(2)

Net income attributable to Icahn Enterprises

(6)

(2)

Icahn Enterprises Holdings [Member] | Railcar Segment [Member]

Expenses:

Net income

Net income attributable to Icahn Enterprises

Icahn Enterprises Holdings [Member] | Gaming Segment [Member]

Expenses:

Net income

Net income attributable to Icahn Enterprises

Icahn Enterprises Holdings [Member] | Food Packaging Segment [Member]

Expenses:

Net income

Net income attributable to Icahn Enterprises

Icahn Enterprises Holdings [Member] | Real Estate Segment [Member]

Expenses:

Net income

Net income attributable to Icahn Enterprises

Icahn Enterprises Holdings [Member] | Home Fashion Segment [Member]

Expenses:

Net income

(3)

(9)

Net income attributable to Icahn Enterprises

(3)

(9)

Icahn Enterprises Holdings [Member] | Holding Company [Member]

Expenses:

Interest expense

Net income

(80)

(15)

Net income attributable to Icahn Enterprises

$ (80)

$ (15)

[1]	Excludes amounts related to the amortization of deferred financing costs and debt discounts and premiums included in interest expense in the amounts of $9 million and $8 million for the three months ended March 31, 2013 and 2012, respectively.
[2]

Segment Reporting, Balance Sheets (Details) - USD ($) $ in Millions	Mar. 31, 2013	Dec. 31, 2012	Mar. 31, 2012	Dec. 31, 2011
ASSETS
Cash and cash equivalents	$ 2,437	$ 3,071	$ 3,467	$ 2,278
Cash held at consolidated affiliated partnerships and restricted cash	1,424	1,419
Investments	7,690	5,491
Accounts receivable, net	2,028	1,841
Inventories, net	1,968	1,955
Property, plant and equipment, net	6,571	6,523
Goodwill and intangible assets, net	3,269	3,288
Other assets	874	968
Total assets	26,261	24,556
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	4,667	4,214
Securities sold, not yet purchased, at fair value	620	533
Due to brokers	423	0
Post-employment benefit liability	1,438	1,488
Debt	8,184	8,548
Total assets	15,332	14,783
Equity attributable to Icahn Enterprises	5,068	4,669
Equity attributable to non-controlling interests	5,861	5,104
Total equity	10,929	9,773
Total liabilities and equity	26,261	24,556
Investment Segment [Member]
ASSETS
Cash and cash equivalents	2	14
Cash held at consolidated affiliated partnerships and restricted cash	766	1,386
Investments	7,226	5,084
Accounts receivable, net	0	0
Inventories, net	0	0
Property, plant and equipment, net	0	0
Goodwill and intangible assets, net	0	0
Other assets	64	109
Total assets	8,058	6,593
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	544	152
Securities sold, not yet purchased, at fair value	620	533
Due to brokers	423	0
Post-employment benefit liability	0	0
Debt	0	0
Total assets	1,587	685
Equity attributable to Icahn Enterprises	2,607	2,387
Equity attributable to non-controlling interests	3,864	3,521
Total equity	6,471	5,908
Total liabilities and equity	8,058	6,593
Automotive Segment [Member]
ASSETS
Cash and cash equivalents	269	467
Cash held at consolidated affiliated partnerships and restricted cash	0	0
Investments	247	240
Accounts receivable, net	1,488	1,375
Inventories, net	1,124	1,074
Property, plant and equipment, net	1,946	1,971
Goodwill and intangible assets, net	1,772	1,782
Other assets	387	373
Total assets	7,233	7,282
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	1,901	1,859
Securities sold, not yet purchased, at fair value	0	0
Due to brokers	0	0
Post-employment benefit liability	1,361	1,409
Debt	2,818	2,805
Total assets	6,080	6,073
Equity attributable to Icahn Enterprises	816	860
Equity attributable to non-controlling interests	337	349
Total equity	1,153	1,209
Total liabilities and equity	7,233	7,282
Energy Segment [Member]
ASSETS
Cash and cash equivalents	1,041	896
Cash held at consolidated affiliated partnerships and restricted cash	0	0
Investments	0	0
Accounts receivable, net	283	211
Inventories, net	525	528
Property, plant and equipment, net	2,637	2,648
Goodwill and intangible assets, net	1,322	1,327
Other assets	93	133
Total assets	5,901	5,743
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	1,547	1,535
Securities sold, not yet purchased, at fair value	0	0
Due to brokers	0	0
Post-employment benefit liability	0	0
Debt	677	926
Total assets	2,224	2,461
Equity attributable to Icahn Enterprises	2,359	2,383
Equity attributable to non-controlling interests	1,318	899
Total equity	3,677	3,282
Total liabilities and equity	5,901	5,743
Metals Segment [Member]
ASSETS
Cash and cash equivalents	16	14
Cash held at consolidated affiliated partnerships and restricted cash	3	4
Investments	0	0
Accounts receivable, net	109	102
Inventories, net	106	122
Property, plant and equipment, net	139	142
Goodwill and intangible assets, net	11	11
Other assets	28	22
Total assets	412	417
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	72	73
Securities sold, not yet purchased, at fair value	0	0
Due to brokers	0	0
Post-employment benefit liability	3	3
Debt	3	3
Total assets	78	79
Equity attributable to Icahn Enterprises	334	338
Equity attributable to non-controlling interests	0	0
Total equity	334	338
Total liabilities and equity	412	417
Railcar Segment [Member]
ASSETS
Cash and cash equivalents	57	207
Cash held at consolidated affiliated partnerships and restricted cash	6	3
Investments	43	57
Accounts receivable, net	32	37
Inventories, net	86	110
Property, plant and equipment, net	520	426
Goodwill and intangible assets, net	7	7
Other assets	24	15
Total assets	775	862
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	144	156
Securities sold, not yet purchased, at fair value	0	0
Due to brokers	0	0
Post-employment benefit liability	9	10
Debt	150	275
Total assets	303	441
Equity attributable to Icahn Enterprises	303	257
Equity attributable to non-controlling interests	169	164
Total equity	472	421
Total liabilities and equity	775	862
Gaming Segment [Member]
ASSETS
Cash and cash equivalents	241	243
Cash held at consolidated affiliated partnerships and restricted cash	15	15
Investments	35	35
Accounts receivable, net	12	13
Inventories, net	0	0
Property, plant and equipment, net	430	431
Goodwill and intangible assets, net	68	68
Other assets	51	47
Total assets	852	852
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	131	134
Securities sold, not yet purchased, at fair value	0	0
Due to brokers	0	0
Post-employment benefit liability	0	0
Debt	170	171
Total assets	301	305
Equity attributable to Icahn Enterprises	382	379
Equity attributable to non-controlling interests	169	168
Total equity	551	547
Total liabilities and equity	852	852
Food Packaging Segment [Member]
ASSETS
Cash and cash equivalents	18	31
Cash held at consolidated affiliated partnerships and restricted cash	1	1
Investments	0	0
Accounts receivable, net	66	62
Inventories, net	66	61
Property, plant and equipment, net	153	154
Goodwill and intangible assets, net	11	12
Other assets	37	34
Total assets	352	355
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	71	74
Securities sold, not yet purchased, at fair value	0	0
Due to brokers	0	0
Post-employment benefit liability	65	66
Debt	215	215
Total assets	351	355
Equity attributable to Icahn Enterprises	(3)	(3)
Equity attributable to non-controlling interests	4	3
Total equity	1	0
Total liabilities and equity	352	355
Real Estate Segment [Member]
ASSETS
Cash and cash equivalents	26	87
Cash held at consolidated affiliated partnerships and restricted cash	4	2
Investments	0	0
Accounts receivable, net	3	5
Inventories, net	0	0
Property, plant and equipment, net	662	665
Goodwill and intangible assets, net	75	78
Other assets	17	15
Total assets	787	852
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	21	18
Securities sold, not yet purchased, at fair value	0	0
Due to brokers	0	0
Post-employment benefit liability	0	0
Debt	70	71
Total assets	91	89
Equity attributable to Icahn Enterprises	696	763
Equity attributable to non-controlling interests	0	0
Total equity	696	763
Total liabilities and equity	787	852
Home Fashion Segment [Member]
ASSETS
Cash and cash equivalents	12	67
Cash held at consolidated affiliated partnerships and restricted cash	9	6
Investments	13	14
Accounts receivable, net	35	36
Inventories, net	61	60
Property, plant and equipment, net	81	83
Goodwill and intangible assets, net	3	3
Other assets	23	22
Total assets	237	291
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	30	35
Securities sold, not yet purchased, at fair value	0	0
Due to brokers	0	0
Post-employment benefit liability	0	0
Debt	0	0
Total assets	30	35
Equity attributable to Icahn Enterprises	207	256
Equity attributable to non-controlling interests	0	0
Total equity	207	256
Total liabilities and equity	237	291
Holding Company [Member]
ASSETS
Cash and cash equivalents	755	1,045
Cash held at consolidated affiliated partnerships and restricted cash	620	2
Investments	126	61
Accounts receivable, net	0	0
Inventories, net	0	0
Property, plant and equipment, net	3	3
Goodwill and intangible assets, net	0	0
Other assets	150	198
Total assets	1,654	1,309
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	206	178
Securities sold, not yet purchased, at fair value	0	0
Due to brokers	0	0
Post-employment benefit liability	0	0
Debt	4,081	4,082
Total assets	4,287	4,260
Equity attributable to Icahn Enterprises	(2,633)	(2,951)
Equity attributable to non-controlling interests	0	0
Total equity	(2,633)	(2,951)
Total liabilities and equity	1,654	1,309
Holding Company [Member]
ASSETS
Cash and cash equivalents	2,437	3,071	$ 3,467	$ 2,278
Cash held at consolidated affiliated partnerships and restricted cash	1,424	1,419
Investments	7,690	5,491
Accounts receivable, net	2,028	1,841
Inventories, net	1,968	1,955
Property, plant and equipment, net	6,571	6,523
Total assets	26,275	24,570
LIABILITIES AND EQUITY
Securities sold, not yet purchased, at fair value	620	533
Due to brokers	423	0
Post-employment benefit liability	1,438	1,488
Debt	8,176	8,540
Total assets	15,324	14,775
Equity attributable to Icahn Enterprises	5,090	4,691
Equity attributable to non-controlling interests	5,861	5,104
Total equity	10,951	9,795
Total liabilities and equity	26,275	24,570
Holding Company [Member] \| Investment Segment [Member]
ASSETS
Total assets	8,058	6,593
Holding Company [Member] \| Automotive Segment [Member]
ASSETS
Total assets	7,233	7,282
Holding Company [Member] \| Energy Segment [Member]
ASSETS
Total assets	5,901	5,743
Holding Company [Member] \| Metals Segment [Member]
ASSETS
Total assets	412	417
Holding Company [Member] \| Railcar Segment [Member]
ASSETS
Total assets	775	862
Holding Company [Member] \| Gaming Segment [Member]
ASSETS
Total assets	852	852
Holding Company [Member] \| Food Packaging Segment [Member]
ASSETS
Total assets	352	355
Holding Company [Member] \| Real Estate Segment [Member]
ASSETS
Total assets	787	852
Holding Company [Member] \| Home Fashion Segment [Member]
ASSETS
Total assets	237	291
Holding Company [Member] \| Holding Company [Member]
ASSETS
Total assets	$ 1,668	$ 1,323

Income Taxes Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
Income Taxes Income Taxes (Details) - USD ($) $ in Millions	Mar. 31, 2013	Mar. 31, 2012
Income Tax Contingency [Line Items]
Income tax expense (benefit)	$ 120	$ (30)
Income before income tax expense (benefit)	$ 815	$ 71
Effective income tax rate	14.70%	(42.30%)
Federal stautory income tax rate	35.00%

Changes in Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2013

Mar. 31, 2012

Dec. 31, 2012

Accumulated Other Comprehensive Income (Loss) [Abstract]

AOCI, Post-employment benefts, net of tax

$ (626)

$ (639)

AOCI, Hedge instruments, net of tax

(28)

(34)

AOCI, Translation adjustments and other, net of tax

(350)

(309)

Accumulated other comprehensive loss, net of tax

(1,004)

$ (982)

OCI, Post-employment benefts before reclassificaitons, net of tax

OCI, Hedge instruments before reclassificaitons, net of tax

(1)

OCI, Translation adjustments and other before reclassificaitons, net of tax

(40)

Other comprehensive income, before reclassifications to income

(40)

OCI, Post-employment benefts reclassificaitons to income, net of tax

^[1]

OCI, Hedge instruments reclassificaitons to income, net of tax

^[1]

OCI, Translation adjustments and other reclassificaitons to income, net of tax

^[1]

(1)

Other comprehensive income, portion representing reclassificaitons to earnings

^[1]

OCI, Post-employment benefts, net of tax

(13)

$ (9)

OCI, Hedge instruments, net of tax

OCI, Translation adjustments and other, net of tax

(41)

Other comprehensive (loss) income, net of tax

$ (22)

$ 107

[1]

Other (Loss) Income, Net (Details) - USD ($) $ in Millions	3 Months Ended
Other (Loss) Income, Net (Details) - USD ($) $ in Millions	Mar. 31, 2013	Mar. 31, 2012
Component of Other Income (Loss), Net [Line Items]
Other (loss) income, net	$ (46)	$ 10
Loss on sale of discontinued operations
Component of Other Income (Loss), Net [Line Items]
Other (loss) income, net	(47)	0
Gain (loss) on extinguishment of debt
Component of Other Income (Loss), Net [Line Items]
Other (loss) income, net	5	(2)
Realized and unrealized loss on derivatives, net
Component of Other Income (Loss), Net [Line Items]
Other (loss) income, net	(20)	0
Dividend expense related to securities sold, not yet purchased
Component of Other Income (Loss), Net [Line Items]
Other (loss) income, net	0	(2)
Gain on disposition of assets
Component of Other Income (Loss), Net [Line Items]
Other (loss) income, net	0	3
Equity earnings from non-consolidated affiliates
Component of Other Income (Loss), Net [Line Items]
Other (loss) income, net	8	11
Foreign currency translation gain (loss)
Component of Other Income (Loss), Net [Line Items]
Other (loss) income, net	2	(2)
Other
Component of Other Income (Loss), Net [Line Items]
Other (loss) income, net	$ 6	$ 2

Commitments and Contingencies Commitments and Contingencies (Details)			3 Months Ended	12 Months Ended
	May 02, 2013	Aug. 12, 2010 USD ($)	Mar. 31, 2013 USD ($)	Dec. 31, 2011 USD ($)	Dec. 31, 2010 USD ($)	Dec. 31, 2009 USD ($)	Dec. 31, 2008 USD ($)	Dec. 31, 2012 USD ($)
Principal Owners and Affiliates [Member]
Loss Contingencies [Line Items]
Affiliate ownership interest	90.60%		90.50%
ACF [Member]
Loss Contingencies [Line Items]
Defined Benefit Plan, Funded Status of Plan			$ 127,000,000					$ 130,000,000
Starfire Holding Corporation [Member]
Loss Contingencies [Line Items]
Ownership Percentage by Mr. Icahn			100.00%
Subsidiary Indemnity Agreement, Pension Funding Contingencies As A Result of Being In The Controlled Group, Distribution Limitation, Net Worth Floor			$ 250,000,000
Automotive Segment [Member]
Loss Contingencies [Line Items]
Accrued environmental liabilities			14,000,000					15,000,000
Tropicana [Member] \| Gaming Segment [Member]
Loss Contingencies [Line Items]
Compensatory damages sought		$ 100,000,000
PSC Metals [Member] \| Metals Segment [Member]
Loss Contingencies [Line Items]
Accrued environmental liabilities			29,000,000					29,000,000
Negotiated settlement to resolve Port Refinery environmental matter			$ 225,000
PSC Metals [Member] \| Metals Segment [Member] \| Cleveland OH Scrap Processing Facility [Member]
Loss Contingencies [Line Items]
Number of scrap processing facilities requiring refrigerant extraction services			11
Number of years refrigerant extraction services must be offered at scrap processing facilities			3 years
Costs associated with required injunctive relief, low estimate			$ 800,000
Costs associated with required injunctive relief, high estimate			1,700,000
Civil penalty assessed and paid				$ 199,000
WPH [Member] \| Home Fashion Segment [Member]
Loss Contingencies [Line Items]
Accrued environmental liabilities			1,000,000					1,000,000
Federal-Mogul [Member] \| Automotive Segment [Member]
Loss Contingencies [Line Items]
Possible material additional losses, above and beyond best estimate of required remediation costs			42,000,000
Asset Retirement Obligation			$ 29,000,000					$ 29,000,000
Icahn Enterprises G.P. [Member] \| Principal Owners and Affiliates [Member]
Loss Contingencies [Line Items]
Affiliate ownership in parent company general partner			100.00%
CRNF [Member] \| Energy Segment [Member]
Loss Contingencies [Line Items]
Average increase in annual property tax expense				$ 11,000,000	$ 12,000,000	$ 11,000,000	$ 11,000,000
Negotiated settlement to resolve Port Refinery environmental matter						$ 11,000,000

Commitments and Contingencies Energy Narrative (Details) - Energy Segment [Member]			1 Months Ended			3 Months Ended	9 Months Ended	12 Months Ended
	Feb. 13, 2013 USD ($)	Oct. 25, 2010 USD ($)	Aug. 31, 2011 USD ($)	May 31, 2010 litigation_cases	May 31, 2008 USD ($) plaintiffs	Mar. 31, 2013 USD ($)	Jun. 30, 2010 USD ($) plaintiffs	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)	Dec. 31, 2010 USD ($)	Dec. 31, 2009 USD ($)	Dec. 31, 2008 USD ($)
Loss Contingencies [Line Items]
Capital expenditures to comply with environmental rules						$ 20,000,000
Environmental expenditures capitalized						22,000,000
CVR Energy, Inc. [Member]
Loss Contingencies [Line Items]
Operating Leases, Rent Expense						2,000,000
CRRM [Member]
Loss Contingencies [Line Items]
Capital expenditures to comply with environmental rules						$ 59,000,000
U.S. refineries entered into environmental regulatory concent decree, minimum percentage of U.S. refining capacity						90.00%
CRNF [Member]
Loss Contingencies [Line Items]
Average increase in annual property tax expense									$ 11,000,000	$ 12,000,000	$ 11,000,000	$ 11,000,000
Gain (Loss) Related to Litigation Settlement											$ 11,000,000
WRC [Member]
Loss Contingencies [Line Items]
Capital expenditures to comply with environmental rules						$ 94,000,000
Crude Oil, Indirect Supplier [Member] \| OKLAHOMA and KANSAS [Member] \| CRRM [Member] \| Pending Litigation [Member]
Loss Contingencies [Line Items]
Lawsuits Filed Against Company \| litigation_cases				2
Crude Oil Discharge [Member] \| Kansas \| CVR Energy, Inc. [Member] \| Pending Litigation [Member]
Loss Contingencies [Line Items]
Number of claimants / plaintiffs \| plaintiffs							1
Insurance proceeds under primary environmental liability insurance policy								$ 25,000,000
Crude Oil Discharge [Member] \| Kansas \| CVR Energy, Inc. [Member] \| Settled [Member]
Loss Contingencies [Line Items]
Number of claimants / plaintiffs \| plaintiffs					16
Compensatory damages sought					$ 4,000,000
Crude Oil Discharge [Member] \| Kansas \| CVR Energy, Inc. [Member] \| Pending Litigation and Settled, Aggregate [Member]
Loss Contingencies [Line Items]
Number of claimants / plaintiffs \| plaintiffs							3
Compensatory damages sought							$ 3,000,000
EPA, Second Consent Decree, Clean Air Act [Member] \| CRRM [Member]
Loss Contingencies [Line Items]
Capital expenditures to comply with environmental rules						41,000,000
Civil penalty, anticipated maximum						1,000,000
Capital expenditures to comply with environmental rules, expected to be capital expenditures						39,000,000
ODEQ [Member] \| WRC [Member]
Loss Contingencies [Line Items]
Civil penalty paid			$ 950,000
U.S. Coast Guard / EPA [Member] \| Crude Oil Discharge [Member] \| Kansas \| CVR Energy, Inc. [Member] \| Pending Litigation [Member]
Loss Contingencies [Line Items]
Compensatory damages sought		$ 2,000,000
Air Emissions Reduction and Water Conservation [Member] \| EPA, Second Consent Decree, Clean Air Act [Member] \| CRRM [Member]
Loss Contingencies [Line Items]
Capital expenditures to comply with environmental rules						1,000,000
Coffeyville, Kansas Refinery and Phillipsburg, Kansas Terminal Facility [Member] \| Kansas \| CRRM and CRT [Member]
Loss Contingencies [Line Items]
Accrued environmental liabilities						2,000,000
Estimated closure and post-closure costs included in accred environmental liabilities						1,000,000
Professional Fees [Member] \| CVR Energy, Inc. [Member]
Loss Contingencies [Line Items]
Compensatory damages sought						18,500,000
Profession fees, case 2 [Member] \| CVR Energy, Inc. [Member]
Loss Contingencies [Line Items]
Compensatory damages sought						18,500,000
Wynnewood Consent Order [Member]
Loss Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss						$ 2,000,000
Civil penalty [Member]
Loss Contingencies [Line Items]
Subsequent Event, Amount	$ 600,000
Oversight cost reimbursement [Member]
Loss Contingencies [Line Items]
Subsequent Event, Amount	$ 1,700,000

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Millions			1 Months Ended
	Apr. 29, 2013	Feb. 11, 2013	Apr. 30, 2013
Automotive Segment [Member] \| United States Welfare Benefit Plan [Member]
Subsequent Event [Line Items]
OPEB curtailment gain			$ 19
Depositary units [Member]
Subsequent Event [Line Items]
Distribution declared per depositary unit		$ 1.00
Depositary units [Member] \| Limited partners \| Dividend Declared [Member]
Subsequent Event [Line Items]
Distribution declared per depositary unit	$ 1.00
Principal Owners and Affiliates [Member] \| Investment Funds [Member]
Subsequent Event [Line Items]
Investment in funds			$ 45

Label	Element	Value
Principal Owners and Affiliates [Member]
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest, Units	iep_LimitedLiabilityCompanyLlcOrLimitedPartnershipLpMembersOrLimitedPartnersOwnershipInterestUnits	97,764,251
Icahn Enterprises G.P. [Member]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Aggregate Ownership interest of Parent and Holding Company Subsidiaries	iep_LimitedLiabilityCompanyLlcOrLimitedPartnershipLpManagingMemberOrGeneralPartnerAggregateOwnershipInterestOfParentAndHoldingCompanySubsidiaries	1.99%
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest	1.00%