Current report filing

EQUITY METHOD INVESTMENTS (Tables)

v3.19.2
EQUITY METHOD INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2018
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
2018

 
2017

 
2016

Net operating revenues
$
75,482

 
$
73,343

 
$
58,054

Cost of goods sold
44,933

 
42,871

 
34,338

Gross profit
$
30,549

 
$
30,472

 
$
23,716

Operating income
$
7,511

 
$
7,577

 
$
5,652

Consolidated net income
$
4,646

 
$
4,545

 
$
2,967

Less: Net income attributable to noncontrolling interests
101

 
120

 
78

Net income attributable to common shareowners
$
4,545

 
$
4,425

 
$
2,889

Equity income (loss) — net
$
1,008

 
$
1,072

 
$
835

1 The financial information represents the results of the equity method investees during the Company's period of ownership.
December 31,
2018

2017

Current assets
$
23,249

$
25,034

Noncurrent assets
66,733

66,581

Total assets
$
89,982

$
91,615

Current liabilities
$
18,100

$
17,895

Noncurrent liabilities
29,144

29,987

Total liabilities
$
47,244

$
47,882

Equity attributable to shareowners of investees
$
41,558

$
41,782

Equity attributable to noncontrolling interests
1,180

1,952

Total equity
$
42,738

$
43,734

Company equity investment
$
19,412

$
20,863