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FAIR VALUE OF FINANCIAL INVESTMENTS AND LIABILITIES (Tables)
12 Months Ended
Dec. 31, 2014
FAIR VALUE OF FINANCIAL INVESTMENTS AND LIABILITIES  
Schedule of financial investments included in other assets

 

        Financial investments included in other assets were as follows, in millions:

                                                                                                                                                                                    

 

 

At December 31

 

 

 

2014

 

2013

 

Auction rate securities

 

$

22 

 

$

22 

 

​  

​  

​  

​  

Total recurring investments

 

 

22 

 

 

22 

 

Equity method investments

 

 

11 

 

 

70 

 

Private equity funds

 

 

14 

 

 

18 

 

Other investments

 

 

 

 

 

​  

​  

​  

​  

Total

 

$

50 

 

$

113 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of income (loss) from financial investments, net, included in other, net, within other income (expense), net,

  Income from financial investments, net, included in other, net, within other income (expense), net, and impairment charges for financial investments were as follows, in millions:

                                                                                                                                                                                    

 

 

2014

 

2013

 

2012

 

Equity investment (loss) income, net

 

$

(2

)

$

16

 

$

 

Realized gains from private equity funds

 

 

4

 

 

11

 

 

24

 

Impairment of private equity funds

 

 

 

 

 

 

(2

)

​  

​  

​  

​  

​  

​  

Income from financial investments, net

 

$

2

 

$

27

 

$

22

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​