Equity Method Investments (Tables)

6 Months Ended

Jun. 30, 2017

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

Summarized financial information is as follows:

	Three months ended June 30,				Six months ended June 30,
(millions)	2017		2016		2017		2016
USG Boral Building Products
Net sales	$	287	$	273	$	563	$	502
Gross profit	91		86		177		151
Operating profit	40		41		75		64
Income from continuing operations before income taxes	44		46		82		70
Net income	28		34		54		49
Net income attributable to USG Boral Building Products	28		32		53		46
USG share of income from investment accounted for using the equity method	14		16		27		23

Equity method investments as of June 30, 2017 and December 31, 2016, were as follows:

	June 30, 2017			December 31, 2016
(dollars in millions)	Carrying Value		Ownership Percentage	Carrying Value		Ownership Percentage
USG Boral Building Products	$	649	50%	$	621	50%
Other equity method investments	7		33% - 50%	7		33% - 50%
Total equity method investments	$	656		$	628

Translation gains or losses recorded in other comprehensive income were as follows:

	Three months ended June 30,						Six months ended June 30,
(millions)	2017			2016			2017		2016
Translation (loss) gain	$	(1	)	$	(30	)	$	23	$	(13	)