2024 Q2 Form 10-Q Financial Statement

#000155837024007379 Filed on May 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $2.201B $2.468B
YoY Change -7.6% -6.55%
Cost Of Revenue $2.204B $1.987B
YoY Change -4.59% -12.08%
Gross Profit -$130.0M $344.0M
YoY Change -280.56% 42.15%
Gross Profit Margin -5.91% 13.94%
Selling, General & Admin $183.0M $193.0M
YoY Change -44.71% -15.72%
% of Gross Profit 56.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $127.0M $129.0M
YoY Change -77.28% 5.74%
% of Gross Profit 37.5%
Operating Expenses $183.0M $193.0M
YoY Change -62.73% -15.72%
Operating Profit -$313.0M $151.0M
YoY Change -25.3% 1061.54%
Interest Expense $128.0M $136.0M
YoY Change 255.56% -4.23%
% of Operating Profit 90.07%
Other Income/Expense, Net -$4.000M -$18.00M
YoY Change -76.47% -43.75%
Pretax Income -$482.0M -$19.00M
YoY Change 15.59% -94.92%
Income Tax $4.000M $7.000M
% Of Pretax Income
Net Earnings -$331.0M -$38.00M
YoY Change 25.38% -85.93%
Net Earnings / Revenue -15.04% -1.54%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.72 -$0.09
COMMON SHARES
Basic Shares Outstanding 451.2M 429.0M
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.849B $3.259B
YoY Change -24.32% -35.96%
Cash & Equivalents $2.218B $2.468B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $970.0M $1.039B
Prepaid Expenses
Receivables $494.0M $447.0M
Other Receivables $2.723B $4.332B
Total Short-Term Assets $8.036B $9.077B
YoY Change -26.25% -31.41%
LONG-TERM ASSETS
Property, Plant & Equipment $3.909B $3.940B
YoY Change -12.51% -1.15%
Goodwill $288.0M $288.0M
YoY Change 0.0% 0.0%
Intangibles $437.0M $452.0M
YoY Change -12.95% -12.57%
Long-Term Investments $2.306B $3.315B
YoY Change -53.29% -50.05%
Other Assets $1.973B $1.964B
YoY Change 972.28%
Total Long-Term Assets $9.952B $10.99B
YoY Change -12.06% -15.71%
TOTAL ASSETS
Total Short-Term Assets $8.036B $9.077B
Total Long-Term Assets $9.952B $10.99B
Total Assets $17.99B $20.06B
YoY Change -19.02% -23.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.001B $1.051B
YoY Change -30.29% -26.91%
Accrued Expenses $1.559B $2.044B
YoY Change -16.99% -22.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.560B $3.095B
YoY Change -22.75% -24.22%
LONG-TERM LIABILITIES
Long-Term Debt $6.625B $6.608B
YoY Change -6.4% -6.81%
Other Long-Term Liabilities $3.076B $4.346B
YoY Change -28.15% -30.6%
Total Long-Term Liabilities $9.701B $10.95B
YoY Change -14.6% -17.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.560B $3.095B
Total Long-Term Liabilities $9.701B $10.95B
Total Liabilities $12.60B $14.44B
YoY Change -33.03% -18.76%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.727B $2.781B
YoY Change
Total Liabilities & Shareholders Equity $17.99B $20.06B
YoY Change -19.02% -23.62%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$331.0M -$38.00M
YoY Change 25.38% -85.93%
Depreciation, Depletion And Amortization $127.0M $129.0M
YoY Change -77.28% 5.74%
Cash From Operating Activities $893.0M -$251.0M
YoY Change -48.38% -201.62%
INVESTING ACTIVITIES
Capital Expenditures $66.00M $68.00M
YoY Change -9.59% 17.24%
Acquisitions
YoY Change
Other Investing Activities -$26.00M -$7.000M
YoY Change -31.58% -66.67%
Cash From Investing Activities -$92.00M -$75.00M
YoY Change -17.12% 66.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -171.0M -587.0M
YoY Change -89.46% -58800.0%
NET CHANGE
Cash From Operating Activities 893.0M -251.0M
Cash From Investing Activities -92.00M -75.00M
Cash From Financing Activities -171.0M -587.0M
Net Change In Cash 630.0M -913.0M
YoY Change -21100.0% -549.75%
FREE CASH FLOW
Cash From Operating Activities $893.0M -$251.0M
Capital Expenditures $66.00M $68.00M
Free Cash Flow $827.0M -$319.0M
YoY Change -50.09% -268.78%

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CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2024Q1 us-gaap Partners Capital Account Distributions
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CY2024Q1 us-gaap Partners Capital Account Contributions
PartnersCapitalAccountContributions
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CY2024Q1 iep Investment Segment Distributions
InvestmentSegmentDistributions
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CY2024Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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28000000
CY2024Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
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CY2024Q1 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
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CY2022Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
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CY2023Q1 us-gaap Profit Loss
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CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2023Q1 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
724000000
CY2023Q1 us-gaap Partners Capital Account Contributions
PartnersCapitalAccountContributions
179000000
CY2023Q1 iep Investmentsegmentcontributions
Investmentsegmentcontributions
-80000000
CY2023Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
85000000
CY2023Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
-2000000
CY2023Q1 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
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CY2024Q1 us-gaap Profit Loss
ProfitLoss
-26000000
CY2023Q1 us-gaap Profit Loss
ProfitLoss
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CY2024Q1 us-gaap Gain Loss On Investments
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CY2023Q1 us-gaap Gain Loss On Investments
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CY2024Q1 iep Payment To Acquire Securities
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784000000
CY2023Q1 iep Payment To Acquire Securities
PaymentToAcquireSecurities
380000000
CY2024Q1 iep Proceeds From Sale Of Securities
ProceedsFromSaleOfSecurities
660000000
CY2023Q1 iep Proceeds From Sale Of Securities
ProceedsFromSaleOfSecurities
565000000
CY2024Q1 iep Purchases To Cover Securities Sold Not Yet Purchased
PurchasesToCoverSecuritiesSoldNotYetPurchased
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CY2023Q1 iep Purchases To Cover Securities Sold Not Yet Purchased
PurchasesToCoverSecuritiesSoldNotYetPurchased
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CY2024Q1 us-gaap Investment Sold Not Yet Purchased Sale Proceeds
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CY2023Q1 us-gaap Investment Sold Not Yet Purchased Sale Proceeds
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CY2024Q1 us-gaap Increase Decrease In Broker Dealer Related Receivables Payables Net
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CY2024Q1 us-gaap Gain Loss On Disposition Of Assets1
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CY2024Q1 us-gaap Depreciation Depletion And Amortization
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129000000
CY2023Q1 us-gaap Depreciation Depletion And Amortization
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122000000
CY2023Q1 us-gaap Deconsolidation Gain Or Loss Amount
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CY2024Q1 us-gaap Increase Decrease In Deferred Income Taxes
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CY2023Q1 us-gaap Increase Decrease In Deferred Income Taxes
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60000000
CY2024Q1 us-gaap Other Operating Activities Cash Flow Statement
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CY2023Q1 us-gaap Other Operating Activities Cash Flow Statement
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CY2024Q1 us-gaap Increase Decrease In Other Operating Capital Net
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CY2023Q1 us-gaap Increase Decrease In Other Operating Capital Net
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25000000
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2024Q1 iep Payments For Turnaround Expenditures
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CY2023Q1 iep Payments For Turnaround Expenditures
PaymentsForTurnaroundExpenditures
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CY2024Q1 us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
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CY2024Q1 us-gaap Proceeds From Sale Of Equity Method Investments
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CY2023Q1 us-gaap Proceeds From Sale Of Equity Method Investments
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CY2023Q1 us-gaap Payments For Proceeds From Other Investing Activities
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CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2024Q1 iep Proceeds From Payments For Investment Segment Distributions
ProceedsFromPaymentsForInvestmentSegmentDistributions
-5000000
CY2023Q1 iep Proceeds From Payments For Investment Segment Distributions
ProceedsFromPaymentsForInvestmentSegmentDistributions
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CY2024Q1 us-gaap Proceeds From Partnership Contribution
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50000000
CY2023Q1 us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
173000000
CY2024Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
28000000
CY2023Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
85000000
CY2024Q1 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
7000000
CY2023Q1 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
16000000
CY2024Q1 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
607000000
CY2023Q1 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
19000000
CY2024Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-4000000
CY2023Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
203000000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5946000000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4886000000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5033000000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5089000000
CY2024Q1 iep Number Of Country Clubs Operated
NumberOfCountryClubsOperated
2
CY2024Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-26000000
CY2024Q1 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
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CY2024Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-38000000
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
68000000
CY2024Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Reclassifications </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">Certain reclassifications from the prior year presentation have been made to conform to the current year presentation, which did not have an impact on previously reported net income and equity and are not deemed material.</p>
CY2024Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
6600000000
CY2024Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
6400000000
CY2023Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
7200000000
CY2023Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
6900000000
CY2024Q1 iep Subsidiary Bankruptcy And Deconsolidation
SubsidiaryBankruptcyAndDeconsolidation
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">3. Subsidiary Bankruptcy and Deconsolidation</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;background:#ffffff;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="background:#ffffff;">On January 31, 2023, Auto Plus, an Aftermarket Parts distributor held within our Automotive segment, filed voluntary petitions (the “Chapter 11 Cases”) in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”) seeking relief under Chapter 11 of Title 11 of the United States Code.</span><span style="font-family:'TimesNewRomanPSMT';"> On May 2, 2023, the Bankruptcy Court approved a global settlement in the Chapter 11 Cases between Auto Plus, its non-Auto Plus affiliates, and the Official Committee of Unsecured Creditors appointed in the Chapter 11 Cases (the “Committee”) that provides for a guaranteed recovery to unsecured creditors, the payment of all administrative and priority claims in the Chapter 11 Cases, and the resolution of all disputes between Auto Plus, its non-Auto Plus affiliates, and the Committee.</span><span style="background:#ffffff;"> On May 19, 2023, the Bankruptcy Court approved </span><span style="background:#ffffff;">five</span><span style="background:#ffffff;"> sales of Auto Plus’ assets to </span><span style="background:#ffffff;">five</span><span style="background:#ffffff;"> different bidders pursuant to Section 363 of the Bankruptcy Code, comprising a significant majority of Auto Plus’ total assets (the “363 Sales”). AEP PLC was the buyer for one of the 363 Sales, pursuant to a credit bid of </span><span style="background:#ffffff;">$10</span><span style="background:#ffffff;"> million for a portion of its </span><span style="font-family:'TimesNewRomanPSMT';">senior secured debtor-in-possession loan to Auto Plus. The last of the 363 Sales closed on June 12, 2023. The proceeds of the 363 Sales have been and will continue to be used to satisfy obligations to Auto Plus’ creditors. On June 16, 2023, the Bankruptcy Court entered an order approving Auto Plus’ Third Amended Combined Disclosure Statement and Joint Plan of Liquidation (the “Bankruptcy Plan”).  The effective date of the Bankruptcy Plan occurred on October 6, 2023. The Bankruptcy Plan provides for the orderly liquidation of Auto Plus and distribution of its assets. </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-family:'TimesNewRomanPSMT';visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">As a result of the filing of the Chapter 11 Cases, the Company determined that it no longer controls Auto Plus under the criteria set out in FASB ASC Topic 810, “Consolidation” and deconsolidated its investment effective January 31, 2023. In order to deconsolidate Auto Plus, we removed the carrying values of the assets and liabilities of Auto Plus as of January 31, 2023 and recorded our investment in Auto Plus at zero resulting in a non-cash charge of $226 million during the three months ended March 31, 2023.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"> <span style="visibility:hidden;">​</span></p>
CY2023Q2 iep Subsidiary Bankruptcy And Deconsolidation Number Of Sales Of Auto Plus Assets
SubsidiaryBankruptcyAndDeconsolidationNumberOfSalesOfAutoPlusAssets
5
CY2023Q2 iep Subsidiary Bankruptcy And Deconsolidation Number Of Sales Of Auto Plus Assets Number Of Bidders
SubsidiaryBankruptcyAndDeconsolidationNumberOfSalesOfAutoPlusAssetsNumberOfBidders
5
CY2023Q2 iep Subsidiary Deconsolidation Non Cash Charges
SubsidiaryDeconsolidationNonCashCharges
10000000
CY2023Q1 iep Subsidiary Bankruptcy And Deconsolidation Credit Bid For Portion Of Its Senior Secured Debtor In Possession Loan
SubsidiaryBankruptcyAndDeconsolidationCreditBidForPortionOfItsSeniorSecuredDebtorInPossessionLoan
226000000
CY2022Q2 iep Number Of Portfolios
NumberOfPortfolios
2
CY2024Q1 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
4000000
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
13000000
CY2024Q1 iep Related Party Notes Receivable Gross
RelatedPartyNotesReceivableGross
23000000
CY2024Q1 iep Allowance For Expected Credit Losses On Related Party Notes Receivable
AllowanceForExpectedCreditLossesOnRelatedPartyNotesReceivable
12000000
CY2024Q1 us-gaap Notes Receivable Net
NotesReceivableNet
11000000
CY2023Q4 iep Allowance For Expected Credit Losses On Related Party Notes Receivable
AllowanceForExpectedCreditLossesOnRelatedPartyNotesReceivable
12000000
CY2024Q1 iep Allowance For Expected Credit Losses On Related Party Notes Receivable
AllowanceForExpectedCreditLossesOnRelatedPartyNotesReceivable
12000000
CY2023Q1 iep Expected Credit Losses On Related Party Notes Receivable Write Offs
ExpectedCreditLossesOnRelatedPartyNotesReceivableWriteOffs
0
CY2024Q1 iep Expected Credit Losses On Related Party Notes Receivable Write Offs
ExpectedCreditLossesOnRelatedPartyNotesReceivableWriteOffs
0
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
129000000
CY2024Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
345000000
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
367000000
CY2024Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
110000000
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
95000000
CY2024Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
584000000
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
585000000
CY2024Q1 us-gaap Inventory Net
InventoryNet
1039000000
CY2023Q4 us-gaap Inventory Net
InventoryNet
1047000000
CY2024Q1 us-gaap Goodwill Gross
GoodwillGross
378000000
CY2024Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
90000000
CY2024Q1 us-gaap Goodwill
Goodwill
288000000
CY2023Q4 us-gaap Goodwill Gross
GoodwillGross
378000000
CY2023Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
90000000
CY2023Q4 us-gaap Goodwill
Goodwill
288000000
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
810000000
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
434000000
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
376000000
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
810000000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
420000000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
390000000
CY2024Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
76000000
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
76000000
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
452000000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
466000000
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14000000
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15000000
CY2023Q1 iep Net Sales
NetSales
2758000000
CY2023Q1 iep Other Operating Revenue
OtherOperatingRevenue
187000000
CY2023Q1 us-gaap Debt And Equity Securities Realized Gain Loss
DebtAndEquitySecuritiesRealizedGainLoss
-443000000
CY2023Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
171000000
CY2023Q1 us-gaap Revenues
Revenues
2673000000
CY2023Q1 iep Cost Of Goods Sold New
CostOfGoodsSoldNew
2260000000
CY2023Q1 iep Costofotherrevenuefromoperations
Costofotherrevenuefromoperations
158000000
CY2024Q1 iep Lessee Right Of Use Assets And Liabilities Tabletextblock
LesseeRightOfUseAssetsAndLiabilitiesTabletextblock
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:0.0pt;margin:0pt;"><span style="font-size:0pt;visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:69.26%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.2%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.38%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:11.55%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.2%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.38%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:12%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:69.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-family:'Times';font-size:8pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.2%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-family:'Times';">    </span></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:12.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-family:'Times';font-weight:bold;">March 31, </b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.2%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-family:'Times';">    </span></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:13.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-family:'Times';font-weight:bold;">December 31, </b></p></td></tr><tr><td style="vertical-align:bottom;width:69.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-family:'Times';font-size:8pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.2%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-family:'Times';visibility:hidden;">​</span></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:12.94%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-family:'Times';font-weight:bold;">2024</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.2%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-family:'Times';visibility:hidden;">​</span></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:13.38%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-family:'Times';font-weight:bold;">2023</b></p></td></tr><tr style="height:0pt;visibility:hidden;"><td colspan="7" style="padding:0pt;"></td></tr><tr><td style="vertical-align:bottom;width:69.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-family:'Times';font-size:8pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.2%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-family:'Times';font-size:8pt;visibility:hidden;">​</span></p></td><td colspan="5" style="vertical-align:bottom;white-space:nowrap;width:28.52%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><span style="font-family:'Times';">(in millions)</span></p></td></tr><tr><td style="vertical-align:bottom;width:69.26%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Operating Leases:</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.2%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">  </p></td><td style="vertical-align:bottom;white-space:nowrap;width:11.55%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.2%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">  </p></td><td style="vertical-align:bottom;white-space:nowrap;width:12%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:69.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><span style="-sec-ix-hidden:Hidden__2HpUnpd00SJIe5CRlLeLQ;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Right-of-use assets (other assets)</span></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.2%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:11.55%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 513</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.2%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:12%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 526</p></td></tr><tr><td style="vertical-align:bottom;width:69.26%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><span style="-sec-ix-hidden:Hidden_EgjQAbHdr0u7luuTTVLNLw;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Lease liabilities (accrued expenses and other liabilities)</span></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.2%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:11.55%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 519</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.2%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:12%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 531</p></td></tr><tr><td style="vertical-align:bottom;width:69.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.2%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:11.55%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.2%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:69.26%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Financing Leases:</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.2%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:11.55%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.2%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:12%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:69.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><span style="-sec-ix-hidden:Hidden_XD_xjgzx60aGrdES0gaHyg;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Right-of-use assets (property, plant and equipment, net)</span></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.2%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:11.55%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 54</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.2%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.38%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:12%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 55</p></td></tr><tr><td style="vertical-align:bottom;width:69.26%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><span style="-sec-ix-hidden:Hidden_Uw9my4j6ck6T2CT-ocpPZA;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Lease liabilities (debt)</span></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.2%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:11.55%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 68</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.2%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.38%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:12%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 70</p></td></tr></table>
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
513000000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
526000000
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
519000000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
531000000
CY2024Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
54000000
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
55000000
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
68000000
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
70000000
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
513000000
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
519000000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
526000000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
531000000
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
42000000
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
41000000
CY2024Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2000000
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1000000
CY2024Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2000000
CY2023Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1000000
CY2024Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
6608000000
CY2023Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
7207000000
CY2023Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
229000000
CY2023Q1 us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
-226000000
CY2023Q1 us-gaap Interest Expense
InterestExpense
142000000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-38000000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-270000000
CY2024Q1 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
-37000000
CY2023Q1 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
-265000000
CY2024Q1 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
-0.09
CY2023Q1 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
-0.75
CY2024Q1 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
429000000
CY2023Q1 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
354000000
CY2024Q1 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
-0.09
CY2023Q1 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
-0.75
CY2024Q1 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
429000000
CY2023Q1 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
354000000
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10000000
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6000000
CY2024Q2 iep Aggregate Cash Distributions To Depositary Unit Holders
AggregateCashDistributionsToDepositaryUnitHolders
97000000
CY2024Q1 us-gaap Partners Capital Account Units Sale Of Units
PartnersCapitalAccountUnitsSaleOfUnits
2775609
CY2024Q1 us-gaap Proceeds From Sale Of Interest In Partnership Unit
ProceedsFromSaleOfInterestInPartnershipUnit
50000000
CY2024Q1 iep Potentialaggregatesalesproceedsfromequityoffering
Potentialaggregatesalesproceedsfromequityoffering
99000000
CY2023Q2 iep Repurchase Program Authorized Amount Fixed Rate Senior Unsecured Notes
RepurchaseProgramAuthorizedAmountFixedRateSeniorUnsecuredNotes
500000000
CY2023Q2 iep Repurchase Program Authorized Amount Depositary Units
RepurchaseProgramAuthorizedAmountDepositaryUnits
500000000
CY2024Q1 iep Repurchase Program Aggregate Amount Senior Notes Repurchased
RepurchaseProgramAggregateAmountSeniorNotesRepurchased
92000000
CY2024Q1 iep Net Sales
NetSales
2244000000
CY2024Q1 iep Other Operating Revenue
OtherOperatingRevenue
183000000
CY2024Q1 us-gaap Debt And Equity Securities Realized Gain Loss
DebtAndEquitySecuritiesRealizedGainLoss
-96000000
CY2024Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
143000000
CY2024Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-6000000
CY2024Q1 us-gaap Revenues
Revenues
2468000000
CY2024Q1 iep Cost Of Goods Sold New
CostOfGoodsSoldNew
1987000000
CY2024Q1 iep Costofotherrevenuefromoperations
Costofotherrevenuefromoperations
153000000
CY2024Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
193000000
CY2024Q1 us-gaap Interest Expense
InterestExpense
136000000
CY2024Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-18000000
CY2024Q1 us-gaap Costs And Expenses
CostsAndExpenses
2487000000
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-19000000
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7000000
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-32000000
CY2023Q1 us-gaap Costs And Expenses
CostsAndExpenses
3047000000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-374000000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-16000000
CY2023Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-358000000
CY2023Q1 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
-88000000
CY2023Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-270000000
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
58000000
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
122000000
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2468000000
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2565000000
CY2024Q1 us-gaap Investments
Investments
3315000000
CY2024Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
447000000
CY2024Q1 us-gaap Inventory Net
InventoryNet
1039000000
CY2024Q1 us-gaap Notes Receivable Net
NotesReceivableNet
11000000
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3940000000
CY2024Q1 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
740000000
CY2024Q1 iep Other Assets And Due From Correspondent Brokers
OtherAssetsAndDueFromCorrespondentBrokers
5539000000
CY2024Q1 us-gaap Assets
Assets
20064000000
CY2024Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
4187000000
CY2024Q1 us-gaap Financial Instruments Sold Not Yet Purchased At Fair Value
FinancialInstrumentsSoldNotYetPurchasedAtFairValue
3644000000
CY2024Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
6608000000
CY2024Q1 us-gaap Liabilities
Liabilities
14439000000
CY2024Q1 us-gaap Partners Capital
PartnersCapital
2781000000
CY2024Q1 us-gaap Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
2844000000
CY2024Q1 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
5625000000
CY2024Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
20064000000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2951000000
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2995000000
CY2023Q4 us-gaap Investments
Investments
3012000000
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
485000000
CY2023Q4 us-gaap Notes Receivable Net
NotesReceivableNet
11000000
CY2023Q4 us-gaap Inventory Net
InventoryNet
1047000000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3969000000
CY2023Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
754000000
CY2023Q4 iep Other Assets And Due From Correspondent Brokers
OtherAssetsAndDueFromCorrespondentBrokers
5634000000
CY2023Q4 us-gaap Assets
Assets
20858000000
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
4105000000
CY2023Q4 us-gaap Financial Instruments Sold Not Yet Purchased At Fair Value
FinancialInstrumentsSoldNotYetPurchasedAtFairValue
3473000000
CY2023Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
7207000000
CY2023Q4 us-gaap Liabilities
Liabilities
14785000000
CY2023Q4 us-gaap Partners Capital
PartnersCapital
3208000000
CY2023Q4 us-gaap Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
2865000000
CY2023Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
6073000000
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
20858000000
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7000000
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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