Equity Investments

12 Months Ended

Dec. 31, 2014

Equity Method Investments and Joint Ventures [Abstract]

Equity Investments

Equity Investments

Our equity investments in unconsolidated affiliates were as follows: 

	December 31,
(Dollars in millions)	2014		2013
Proserv Group Inc.	$	—	$	168
Other equity investments	106		128
Total equity method investments	$	106	$	296

During 2014, we sold our interests in Proserv, resulting in a gain on the sale of $65 million. In 2013, we sold our interest in Borets resulting in a gain on the sale of $18 million (see “Note 2 – Business Combinations and Divestitures”). Equity in earnings of unconsolidated affiliates for the years ended December 31, 2014, 2013 and 2012 totaled $9 million, $37 million and $51 million, respectively.

In 2012, it was determined that the fair value attributable to certain equity investments was below our carrying value for these certain investments, resulting in an impairment loss of $204 million during the second quarter of 2012.