Investments in Unconsolidated Affiliates

12 Months Ended

Dec. 31, 2014

Equity Method Investments and Joint Ventures [Abstract]

Investments in Unconsolidated Affiliates

Investments in Unconsolidated Affiliates

The following tables present summarized financial information for financial position and results of operations of our investments accounted for under the equity method:

(In millions)	2014		2013
Financial Position:
Current assets	$	534	$	614
Noncurrent assets	78		84
Current liabilities	394		384
Noncurrent liabilities	16		16
Noncontrolling interests	46		48

	Year Ended December 31,
	2014		2013		2012
Results of Operations:
Net sales	$	1,610	$	1,797	$	2,058
Gross profit	531		588		672
Income before income taxes	107		114		136
Net income	102		101		123

Our equity in the earnings of unconsolidated affiliates was $28 million, $31 million and $34 million in 2014, 2013 and 2012, respectively. Dividends received from our unconsolidated affiliates were $24 million, $21 million and $11 million in 2014, 2013 and 2012, respectively.