v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 1,299 $ 1,450
Cash held at consolidated affiliated partnerships and restricted cash 1,995 1,969
Investments 1,638 2,251
Due from brokers 945 1,656
Accounts receivable, net 481 393
Related party notes receivable, net 132 129
Inventories, net 927 845
Property, plant and equipment, net 3,634 3,670
Deferred tax asset 184 165
Derivative assets, net 17 7
Goodwill 290 290
Intangible assets, net 340 349
Assets held for sale 27  
Other assets 1,024 1,041
Total Assets 12,933 14,215
LIABILITIES AND EQUITY    
Accounts payable 757 690
Accrued expenses and other liabilities 1,678 1,192
Deferred tax liabilities 276 314
Derivative liabilities, net 735 595
Securities sold, not yet purchased, at fair value 748 1,382
Debt 6,392 6,616
Total liabilities 10,586 10,789
Commitments and Contingencies (Note 17)
Equity:    
Limited partners: Depositary units: 637,209,452 units issued and outstanding at March 31, 2026 and December 31, 2025 1,948 2,728
General partner (801) (786)
Equity attributable to Icahn Enterprises 1,147 1,942
Equity attributable to non-controlling interests 1,200 1,484
Total equity 2,347 3,426
Total Liabilities and Equity $ 12,933 $ 14,215