Annual report pursuant to Section 13 and 15(d)

EQUITY METHOD INVESTMENTS (Tables)

v3.8.0.1
EQUITY METHOD INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2017
EQUITY METHOD INVESTMENTS [Abstract]  
Summary of financial information for equity method investees
A summary of financial information for our equity method investees in the aggregate is as follows (in millions):
Year Ended December 31,1
2017

 
2016

 
2015

Net operating revenues
$
73,339

 
$
58,054

 
$
47,498

Cost of goods sold
42,867

 
34,338

 
28,749

Gross profit
$
30,472

 
$
23,716

 
$
18,749

Operating income
$
7,577

 
$
5,652

 
$
4,483

Consolidated net income
$
4,545

 
$
2,967

 
$
2,299

Less: Net income attributable to noncontrolling interests
120

 
78

 
65

Net income attributable to common shareowners
$
4,425

 
$
2,889

 
$
2,234

Equity income (loss) — net
$
1,071

 
$
835

 
$
489

1 The financial information represents the results of the equity method investees during the Company's period of ownership.
December 31,
2017

 
2016

Current assets
$
25,023

 
$
19,586

Noncurrent assets
66,578

 
58,529

Total assets
$
91,601

 
$
78,115

Current liabilities
$
17,890

 
$
16,125

Noncurrent liabilities
29,986

 
25,610

Total liabilities
$
47,876

 
$
41,735

Equity attributable to shareowners of investees
$
41,773

 
$
35,204

Equity attributable to noncontrolling interests
1,952

 
1,176

Total equity
$
43,725

 
$
36,380

Company equity investment
$
20,856

 
$
16,260