Annual report pursuant to Section 13 and 15(d)

EQUITY METHOD INVESTMENTS (Tables)

v3.3.1.900
EQUITY METHOD INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2015
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
2015

 
2014

 
2013

Net operating revenues
$
47,498

 
$
52,627

 
$
53,038

Cost of goods sold
28,749

 
31,810

 
32,377

Gross profit
$
18,749

 
$
20,817

 
$
20,661

Operating income
$
4,483

 
$
4,489

 
$
4,380

Consolidated net income
$
2,299

 
$
2,440

 
$
2,364

Less: Net income attributable to noncontrolling interests
65

 
74

 
62

Net income attributable to common shareowners
$
2,234

 
$
2,366

 
$
2,302

Equity income (loss) — net
$
489

 
$
769

 
$
602

1 The financial information represents the results of the equity method investees during the Company's period of ownership.
December 31,
2015

 
2014

Current assets
$
17,524

 
$
16,184

Noncurrent assets
36,498

 
40,080

Total assets
$
54,022

 
$
56,264

Current liabilities
$
11,820

 
$
12,477

Noncurrent liabilities
14,467

 
16,657

Total liabilities
$
26,287

 
$
29,134

Equity attributable to shareowners of investees
$
26,854

 
$
26,363

Equity attributable to noncontrolling interests
881

 
767

Total equity
$
27,735

 
$
27,130

Company equity investment
$
12,318

 
$
9,947