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Divestitures and Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2016
Summary Financial Information for Equity Method Investments | Summary Financial Information for Equity Method Investments: Summarized financial information for JDE, Keurig, DSF and our other equity method investments is reflected below.
|  |  |  |  | As of December 31, |
|  |  |  |  | 2016 |  |  | 2015 |
|  |  |  |  | (in millions) |
Current assets |  |  |  |  |  | $ | 4,458 |  |  | $ | 3,943 |
Noncurrent assets |  |  |  |  |  |  | 35,089 |  |  |  | 20,936 |
Total assets |  |  |  |  |  | $ | 39,547 |  |  | $ | 24,879 |
Current liabilities |  |  |  |  |  | $ | 4,148 |  |  | $ | 2,779 |
Noncurrent liabilities |  |  |  |  |  |  | 16,472 |  |  |  | 9,880 |
Total liabilities |  |  |  |  |  | $ | 20,620 |  |  | $ | 12,659 |
Total net equity of investees |  |  |  |  |  | $ | 18,927 |  |  | $ | 12,220 |
Mondelēz International ownership interests |  |  |  |  |  |  | 24%-50% |  |  |  | 40%-50% |
Mondelēz International share of investee net equity (1) |  |  |  |  |  | $ | 5,145 |  |  | $ | 5,387 |
Keurig shareholder loan |  |  |  |  |  |  | 440 |  |  |  | – |
Equity method investments |  |  |  |  |  | $ | 5,585 |  |  | $ | 5,387 |
|  | For the Years Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
|  | (in millions) |
Net revenues |  | $ | 10,923 |  |  | $ | 4,993 |  |  | $ | 2,721 |
Gross profit |  |  | 4,219 |  |  |  | 1,551 |  |  |  | 921 |
Income from continuing operations |  |  | 839 |  |  |  | 96 |  |  |  | 226 |
Net income |  |  | 839 |  |  |  | 97 |  |  |  | 226 |
Net income attributable to investees |  | $ | 838 |  |  | $ | 97 |  |  | $ | 226 |
Mondelēz International ownership interests |  |  | 24%-50% |  |  |  | 40%-50% |  |  |  | 40%-50% |
Mondelēz International share of investee net income |  | $ | 281 |  |  | $ | 56 |  |  | $ | 113 |
Keurig shareholder loan interest income |  |  | 20 |  |  |  | – |  |  |  | – |
Equity method investment net earnings (2) |  | $ | 301 |  |  | $ | 56 |  |  | $ | 113 |
| (1) | Includes approximately $325 million of basis differences between the U.S. GAAP accounting basis for our equity method investments and the U.S. GAAP accounting basis of our investees’ equity.
| (2) | Historically, we have recorded income from equity method investments within our operating income as these investments operated as extensions of our base business. Beginning in the third quarter of 2015, to align with the accounting for JDE earnings, we began to record the earnings from our equity method investments in after-tax equity method investment earnings outside of operating income. For the six months ended December 31, 2015, after-tax equity method investment net earnings were less than $1 million on a combined basis. Earnings from equity method investments recorded within segment operating income were $56 million for the six months ended July 2, 2015 and $113 million for the year ended December 31, 2014. See Note 1, Summary of Significant Accounting Policies – Principles of Consolidation, for additional information.

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66011266&loc=d3e33918-111571 + Details
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