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Equity Method Investments (Tables)
 12 Months Ended
Dec. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]  
Equity method investments
Equity method investments are as follows:
 
 
December 31,
(millions)
 
2016
 
2015
Equity Method Investments
 
 
 
 
CONE Investments(1)
 
$
172

 
$
214

AMPCO
 
120

 
120

Alba Plant
 
82

 
87

Other
 
26

 
32

Total Equity Method Investments
 
$
400

 
$
453

(1)  
CONE Investments include CONE Midstream and CONE Gathering.
Other At December 31, 2016, consolidated retained earnings included $95 million related to the undistributed earnings of equity method investees.
The carrying value of our AMPCO investment was $12 million higher than the underlying net assets of the investee at December 31, 2016.  The difference is related to capitalized interest which is being amortized into earnings over the remaining useful life of the plant.
Summarized, 100% combined financial information for equity method investees is as follows:
 
 
December 31,
(millions)
 
2016
 
2015
Balance Sheet Information
 
 
 
 
Current Assets
 
$
313

 
$
343

Noncurrent Assets
 
1,390

 
1,418

Current Liabilities
 
149

 
229

Noncurrent Liabilities
 
256

 
108


 
 
Year Ended December 31,
(millions)
 
2016
 
2015
 
2014
Statements of Operations Information
 
 
 
 
 
 
Operating Revenues
 
$
667

 
$
645

 
$
1,142

Operating Expenses
 
355

 
393

 
405

Operating Income
 
312

 
252

 
737

Other (Income) Net
 
(7
)
 
(9
)
 
(9
)
Income Before Income Taxes
 
319

 
261

 
746

Income Tax Provision
 
60

 
46

 
172

Net Income
 
$
259

 
$
215

 
$
574