Investments (Tables)

12 Months Ended

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.