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,
			2017		2016
			(in millions)

Current assets			$	4,732	$	4,458
Noncurrent assets				38,282		35,089

Total assets			$	43,014	$	39,547

Current liabilities			$	5,822	$	4,148
Noncurrent liabilities				15,424		16,472

Total liabilities			$	21,246	$	20,620

Equity attributable to shareowners of investees			$	21,685	$	18,868
Equity attributable to noncontrolling interests				83		59


Total net equity of investees			$	21,768	$	18,927
Mondelēz International ownership interests				24-50%		24-50%

Mondelēz International share of investee net equity ⁽¹⁾			$	5,905	$	5,145
Keurig shareholder loan				440		440

Equity method investments			$	6,345	$	5,585


	For the Years Ended December 31,
	2017		2016		2015
	(in millions)

Net revenues	$	12,781	$	10,923	$	4,993
Gross profit		4,891		4,219		1,551
Income from continuing operations		1,604		839		96
Net income		1,604		839		97

Net income attributable to investees	$	1,594	$	838	$	97
Mondelēz International ownership interests		24%-50%		24%-50%		40%-50%

Mondelēz International share of investee net income	$	436	$	281	$	56
Keurig shareholder loan interest income		24		20		–

Equity method investment net earnings ⁽²⁾	$	460	$	301	$	56

(1)

Includes approximately $360 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. See Note 1, Summary of Significant Accounting Policies – Principles of Consolidation, for additional information.