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Investments (Tables) | 12 Months Ended
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Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract] |
Pre-tax Gains and Losses for Marketable Securities | Pre-tax gains for marketable securities are summarized below:
| Year Ended December 31, 2023
| (in millions)
Gain on marketable securities sold during the period | $ | 593 |
Dividend income and other | 13 |
Total gain on marketable securities | $ | 606 |
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,
| 2023 |  | 2022
| (in millions)
Current assets | $ | 4,084 |  |  | $ | 8,740 |
Noncurrent assets | 23,962 |  |  | 71,375 |
Total assets | 28,046 |  |  | 80,115 |
Current liabilities | 4,963 |  |  | 12,711 |
Noncurrent liabilities | 7,512 |  |  | 26,671 |
Total liabilities | 12,475 |  |  | 39,382 |
Equity attributable to shareowners of investees | 15,496 |  |  | 40,596 |
Equity attributable to noncontrolling interests | 75 |  |  | 137 |
Total net equity of investees | $ | 15,571 |  |  | $ | 40,733 |
Mondelēz International ownership interests | 18-50% |  | 5-50%
Equity method investments (1) | $ | 3,242 |  |  | $ | 4,879 |
| For the Years Ended December 31,
| 2023 (2) |  | 2022 |  | 2021
| (in millions)
Net revenues | $ | 14,487 |  |  | $ | 23,518 |  |  | $ | 22,149 |
Gross profit | 5,650 |  |  | 10,738 |  |  | 10,804 |
Income from continuing operations | 926 |  |  | 2,984 |  |  | 2,614 |
Net income | 926 |  |  | 2,984 |  |  | 2,614 |
Net income attributable to investees | $ | 938 |  |  | $ | 2,990 |  |  | $ | 2,618 |
Mondelēz International ownership interests | 5-50% |  | 5-50% |  | 8-50%
Equity method investment net earnings | $ | 160 |  |  | $ | 385 |  |  | $ | 393 |
(1)Includes a basis difference of approximately $373 million as of December 31, 2023 and $419 million as of December 31, 2022 between the U.S. GAAP accounting basis for our equity method investments and the U.S. GAAP accounting basis of our investees’ equity. (2)The 2023 summarized earnings information is inclusive of KDP only for the period in which we accounted for this investment under the equity method.

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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/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3 + Details
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- Definition Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets. + References No definition available. + Details
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