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Equity in Net Assets of Affiliated Companies
 12 Months Ended
Dec. 31, 2015
Equity Method Investment, Summarized Financial Information [Abstract]  
Equity in Net Assets of Affiliated Companies
EQUITY IN NET ASSETS OF AFFILIATED COMPANIES

We use the equity method of accounting for our investments in entities over which we do not have control, but over whose operating and financial policies we are able to exercise significant influence.

Our ownership percentages and carrying value of our equity method investments at December 31 were as follows
(in millions, except percentages):
 
 
Ownership Percentage
 
Investment Balance
Automotive Sector
 
2015
 
2015
 
2014
Changan Ford Automobile Corporation, Limited
 
50.0
%
 
$
1,307

 
$
1,301

Jiangling Motors Corporation, Limited
 
32.0

 
636

 
604

AutoAlliance (Thailand) Co., Ltd.
 
50.0

 
429

 
428

Ford Otomotiv Sanayi Anonim Sirketi
 
41.0

 
352

 
386

Getrag Ford Transmissions GmbH
 
50.0

 
182

 
232

Changan Ford Mazda Engine Company, Ltd.
 
25.0

 
77

 
69

OEConnection LLC
 
50.0

 
36

 
35

DealerDirect LLC
 
97.7

 
30

 
26

Percepta, LLC
 
45.0

 
9

 
9

Thirdware Solutions Limited
 
20.0

 
9

 
8

Automotive Fuel Cell Cooperation Corporation
 
49.9

 
8

 
9

U.S. Council for Automotive Research LLC
 
33.3

 
5

 
5

Chongqing ANTE Trading Co., Ltd.
 
10.0

 
4

 
3

Crash Avoidance Metrics Partnership LLC
 
50.0

 
4

 
2

Blue Diamond Parts, LLC
 
25.0

 
3

 
3

Nemak, S.A.B. de C.V. (Note 22)
 
6.8

 
—

 
86

Blue Diamond Truck, S. de R.L. de C.V. (Note 22)
 
25.0

 
—

 
8

Ford Malaysia Sdn. Bhd.
 
49.0

 
—

 
2

ZF Transmission Tech, LLC
 
49.0

 
—

 
—

Zebra Imaging, Inc.
 
0.3

 
—

 
—

Total Automotive sector
 
 

 
3,091

 
3,216

Financial Services Sector
 
 

 
 

 
 

Forso Nordic AB
 
50.0

 
66

 
67

FFS Finance South Africa (Pty) Limited
 
50.0

 
48

 
50

RouteOne LLC
 
30.0

 
15

 
20

CNF-Administradora de Consorcio Nacional Ltda.
 
33.3

 
4

 
4

Total Financial Services sector
 
 

 
133

 
141

Total Company
 
 

 
$
3,224

 
$
3,357


NOTE 9.  EQUITY IN NET ASSETS OF AFFILIATED COMPANIES (Continued)

We received $1.5 billion, $1.5 billion, and $529 million of dividends from these affiliated companies for the years ended December 31, 2015, 2014, and 2013, respectively.

A summary of the total financial results, as reported by our equity method investees, in the aggregate at December 31 was as follows (in millions):
Summarized Balance Sheet
2015
 
2014
Current assets
$
10,400

 
$
11,012

Non-current assets
9,687

 
13,749

Total assets
$
20,087

 
$
24,761

 
 
 
 
Current liabilities
$
10,863

 
$
11,943

Non-current liabilities
2,608

 
4,597

Total liabilities
$
13,471

 
$
16,540

 
 
 
 
Equity attributable to noncontrolling interests
$
8

 
$
8

 
 
 
 
 
 
 
For the years ended December 31,
Summarized Income Statement
2015
 
2014
 
2013
Total revenue
$
35,623

 
$
40,658

 
$
38,736

Income before income taxes
4,525

 
3,985

 
2,815

Net income
3,894

 
3,510

 
2,587



In the ordinary course of business we buy/sell various products and services including vehicles, parts, and components to/from our equity method investees. In addition, we receive royalty income.

Transactions with equity method investees reported on our consolidated income statement and balance sheet at December 31 were as follows (in millions):
 
For the years ended December 31,
Income Statement
2015
 
2014
 
2013
Sales
$
4,426

 
$
5,208

 
$
6,421

Purchases
7,780

 
9,430

 
10,536

Royalty income
610

 
500

 
526


Balance Sheet
2015
 
2014
Receivables
$
870

 
$
1,056

Payables
671

 
712