Annual report pursuant to Section 13 and 15(d)

EQUITY METHOD INVESTMENTS (Tables)

v3.6.0.2
EQUITY METHOD INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2016
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
2016

 
2015

 
2014

Net operating revenues
$
58,054

 
$
47,498

 
$
52,627

Cost of goods sold
34,338

 
28,749

 
31,810

Gross profit
$
23,716

 
$
18,749

 
$
20,817

Operating income
$
5,652

 
$
4,483

 
$
4,489

Consolidated net income
$
2,967

 
$
2,299

 
$
2,440

Less: Net income attributable to noncontrolling interests
78

 
65

 
74

Net income attributable to common shareowners
$
2,889

 
$
2,234

 
$
2,366

Equity income (loss) — net
$
835

 
$
489

 
$
769

1 The financial information represents the results of the equity method investees during the Company's period of ownership.
December 31,
2016

 
2015

Current assets
$
19,586

 
$
17,524

Noncurrent assets
58,529

 
36,498

Total assets
$
78,115

 
$
54,022

Current liabilities
$
16,125

 
$
11,820

Noncurrent liabilities
25,610

 
14,467

Total liabilities
$
41,735

 
$
26,287

Equity attributable to shareowners of investees
$
35,204

 
$
26,854

Equity attributable to noncontrolling interests
1,176

 
881

Total equity
$
36,380

 
$
27,735

Company equity investment
$
16,260

 
$
12,318