Investments

Investments consist of the following:



	October 1, 2016		October 3, 2015
Investments, equity basis	$	4,082	$	2,483
Investments, other	198		160
	$	4,280	$	2,643

Investments, Equity Basis

A summary of combined financial information for equity investments, which primarily consist of media investments, A + E, BAMTech, CTV Specialty Television, Inc., Hulu, Seven TV and Vice, is as follows:



	2016		2015		2014
Results of Operations:
Revenues	$	7,416	$	6,561	$	6,573
Net income	$	1,855	$	1,912	$	2,003



	October 1, 2016		October 3, 2015		September 27, 2014
Balance Sheet
Current assets	$	4,801	$	3,676	$	2,640
Non-current assets	8,906		6,429		6,294
	$	13,707	$	10,105	$	8,934
Current liabilities	$	2,018	$	1,614	$	1,504
Non-current liabilities	4,531		4,128		3,298
Shareholders’ equity	7,158		4,363		4,132
	$	13,707	$	10,105	$	8,934

As of October 1, 2016, the book value of the Company’s equity method investments exceeded our share of the book value of the investees’ underlying net assets by approximately $1.4 billion, which represents amortizable intangible assets and goodwill arising from acquisitions.

The Company enters into transactions in the ordinary course of business with our equity investees, primarily related to the licensing of television and film programming. Revenues from these transactions were $0.5 billion, $0.4 billion and $0.3 billion in fiscal 2016, 2015 and 2014, respectively. The Company defers a portion of its profits from transactions with investees until the investee recognizes third-party revenue from the exploitation of the rights. The portion that is deferred reflects our ownership interest in the investee.

Investments, Other

As of October 1, 2016 and October 3, 2015, the Company held $85 million and $36 million, respectively, of securities classified as available-for-sale, $91 million and $81 million, respectively, of non-publicly traded cost-method investments and $22 million and $43 million, respectively, of investments in leveraged leases.

In fiscal 2016, the Company had no significant realized gains or losses on available-for-sale securities. In fiscal years 2015 and 2014, the Company had realized gains of $31 million and $165 million, respectively, on available-for-sale securities.

In fiscal years 2016, 2015 and 2014, the Company had realized gains of $23 million, $11 million and $53 million, respectively, on non-publicly traded cost-method investments.

In fiscal years 2016, 2015 and 2014, the Company recorded non-cash charges of $44 million, $14 million and $13 million, respectively, to reflect other-than-temporary losses in investment value.

Realized gains and losses on available-for-sale and non-publicly traded cost-method investments are reported in “Interest income/(expense), net” in the Consolidated Statements of Income.