Equity Method Investments (Tables)

12 Months Ended

Dec. 31, 2019

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,
	2019		2018
	(in millions)
Current assets	$	5,650	$	5,695
Noncurrent assets	69,232		69,445
Total assets	$	74,882	$	75,140
Current liabilities	$	10,037	$	9,434
Noncurrent liabilities	27,642		29,296
Total liabilities	$	37,679	$	38,730
Equity attributable to shareowners of investees	$	37,170	$	36,365
Equity attributable to noncontrolling interests	33		46
Total net equity of investees	$	37,203	$	36,411
Mondelēz International ownership interests	13-50%		13-50%
Equity method investments (1)	$	7,212	$	7,123

	For the Years Ended December 31,
	2019		2018		2017
	(in millions)
Net revenues	$	19,410	$	14,185	$	12,824
Gross profit	9,733		6,076		4,913
Income from continuing operations	1,991		1,980		1,118
Net income	1,991		1,980		1,118
Net income attributable to investees	$	1,981	$	1,970	$	1,115
Mondelēz International ownership interests	13-50%		13-50%		24-50%
Mondelēz International share of investee net income	$	442	$	536	$	320
Keurig shareholder loan interest income	—		12		24
Equity method investment net earnings	$	442	$	548	$	344

(1)

Includes a basis difference of approximately $330 million as of December 31, 2019 and $340 million as of December 31, 2018 between the U.S. GAAP accounting basis for our equity method investments and the U.S. GAAP accounting basis of our investees’ equity.