Annual report pursuant to Section 13 and 15(d)

EQUITY METHOD INVESTMENTS (Tables)

v3.19.3.a.u2
EQUITY METHOD INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2019
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
2019

 
2018

 
2017

Net operating revenues
$
75,980

 
$
75,482

 
$
73,343

Cost of goods sold
44,881

 
44,933

 
42,871

Gross profit
$
31,099

 
$
30,549

 
$
30,472

Operating income
$
7,748

 
$
7,511

 
$
7,577

Consolidated net income
$
4,597

 
$
4,646

 
$
4,545

Less: Net income attributable to noncontrolling interests
63

 
101

 
120

Net income attributable to common shareowners
$
4,534

 
$
4,545

 
$
4,425

Company equity income (loss) — net
$
1,049

 
$
1,008

 
$
1,072

1 The financial information represents the results of the equity method investees during the Company's period of ownership.
December 31,
2019

2018

Current assets
$
25,654

$
23,249

Noncurrent assets
68,269

66,733

Total assets
$
93,923

$
89,982

Current liabilities
$
20,271

$
18,100

Noncurrent liabilities
31,321

29,144

Total liabilities
$
51,592

$
47,244

Equity attributable to shareowners of investees
$
41,203

$
41,558

Equity attributable to noncontrolling interests
1,128

1,180

Total equity
$
42,331

$
42,738

Company equity method investments
$
19,025

$
19,412