Annual report pursuant to Section 13 and 15(d)

EQUITY METHOD INVESTMENTS (Tables)

v3.10.0.1
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
$
75,462

 
$
73,339

 
$
58,054

Cost of goods sold
44,914

 
42,867

 
34,338

Gross profit
$
30,548

 
$
30,472

 
$
23,716

Operating income
$
7,511

 
$
7,577

 
$
5,652

Consolidated net income
$
4,645

 
$
4,545

 
$
2,967

Less: Net income attributable to noncontrolling interests
101

 
120

 
78

Net income attributable to common shareowners
$
4,544

 
$
4,425

 
$
2,889

Equity income (loss) — net
$
1,008

 
$
1,071

 
$
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
$
23,239

 
$
25,023

Noncurrent assets
66,731

 
66,578

Total assets
$
89,970

 
$
91,601

Current liabilities
$
18,097

 
$
17,890

Noncurrent liabilities
29,143

 
29,986

Total liabilities
$
47,240

 
$
47,876

Equity attributable to shareowners of investees
$
41,550

 
$
41,773

Equity attributable to noncontrolling interests
1,180

 
1,952

Total equity
$
42,730

 
$
43,725

Company equity investment
$
19,407

 
$
20,856