Equity Method Investments (Tables)

12 Months Ended

Dec. 31, 2022

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Summarized Financial Information of Equity Method Investments

Summarized financial information related to our equity method investments is reflected below.


	As of December 31,
	2022		2021
	(in millions)
Current assets	$	8,740	$	6,313
Noncurrent assets	71,375		71,949
Total assets	$	80,115	$	78,262
Current liabilities	$	12,711	$	11,105
Noncurrent liabilities	26,671		27,204
Total liabilities	$	39,382	$	38,309
Equity attributable to shareowners of investees	$	40,596	$	39,798
Equity attributable to noncontrolling interests	137		155
Total net equity of investees	$	40,733	$	39,953
Mondelēz International ownership interests	5-50%		5-50%
Equity method investments (1)	$	4,879	$	5,289


	For the Years Ended December 31,
	2022		2021		2020
	(in millions)
Net revenues	$	23,518	$	22,149	$	20,112
Gross profit	10,738		10,804		9,856
Income from continuing operations	2,984		2,614		2,078
Net income	2,984		2,614		2,078
Net income attributable to investees	$	2,990	$	2,618	$	2,070
Mondelēz International ownership interests	5-50%		5-50%		8-50%


Equity method investment net earnings	$	385	$	393	$	421

(1)Includes a basis difference of approximately $419 million as of December 31, 2022 and $475 million as of December 31, 2021 between the U.S. GAAP accounting basis for our equity method investments and the U.S. GAAP accounting basis of our investees’ equity.