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Investments In And Advances To Affiliates | 12 Months Ended
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Dec. 31, 2015
Equity Method Investments and Joint Ventures [Abstract] |
Investments In And Advances To Affiliates | Investments in and Advances to Affiliates The Company applies the equity method of accounting for investments in investees over which the Company has the ability to exercise significant influence, including the Company’s 19.0% and 17.3% share ownership in Wilmar as of December 31, 2015 and 2014, respectively. The Company had 58 and 60 unconsolidated domestic and foreign affiliates as of December 31, 2015 and 2014, respectively. The following table summarizes the combined balance sheets as of December 31, 2015 and 2014, and the combined statements of earnings of the Company’s unconsolidated affiliates for the years ended December 31, 2015, 2014, and 2013.
| December 31
(In millions) | 2015 |  | 2014
Current assets | $ | 25,475 |  |  | $ | 27,307 |
Non-current assets | 21,077 |  |  | 21,624 |
Current liabilities | (20,362 | ) |  | (19,370 | )
Non-current liabilities | (8,449 | ) |  | (9,882 | )
Noncontrolling interests | (947 | ) |  | (897 | )
Net assets | $ | 16,794 |  |  | $ | 18,782 |
| Year Ended
| December 31
(In millions) | 2015 |  | 2014 |  | 2013
Net Sales | $ | 47,980 |  |  | $ | 50,591 |  |  | $ | 51,967 |
Gross profit | 4,530 |  |  | 4,558 |  |  | 4,373 |
Net income | 1,428 |  |  | 1,561 |  |  | 1,762 |
The Company’s share of the undistributed earnings of its unconsolidated affiliates as of December 31, 2015, is $1.9 billion. The Company has a direct investment in a foreign equity method investee with a carrying value of $2.6 billion as of December 31, 2015, and a market value of $2.5 billion based on active market quoted prices converted to U.S. dollars at applicable exchange rates at December 31, 2015. The investment has been in an unrealized loss position for less than 12 months. The Company evaluated the near-term prospects of the investee in relation to the severity and duration of the impairment. Based on that evaluation, the Company does not consider this investment to be other-than-temporarily impaired at December 31, 2015. The Company provides credit facilities totaling $90 million to four unconsolidated affiliates. Three facilities that are due on demand and bear interest between 2.67% and 3.17% have a total outstanding balance of $27 million. The other one facility has no outstanding balance as of December 31, 2015. The outstanding balance is included in other current assets in the accompanying consolidated balance sheet.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=49116238&loc=d3e32847-111569 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=49116238&loc=d3e32787-111569 + Details
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