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.