Equity Method Investments (Tables)

6 Months Ended

Jun. 30, 2014

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

Summarized financial information for our equity method investments is as follows:

	Three months ended June 30,			Six months ended June 30,
(in millions)	2014		2013	2014 (a)		2013
USG Boral Building Products:
Net sales	$	280	N/A	$	369	N/A
Gross profit	80		N/A	102		N/A
Operating profit	16		N/A	26		N/A
Net income	10		N/A	17		N/A
Net income attributable to USG Boral Building Products	9		N/A	15		N/A
USG share of income from investment accounted for using the equity method	4		N/A	7		N/A
Other equity method investments(b):
USG share of income from investments accounted for using the equity method	1		1	1		1

(a) Operating results are presented for UBBP for the four months ended June 30, 2014.

(b) Amounts represent our share of income or loss from all equity method investments, other than UBBP. For the six months ended June 30, 2014, the amount reflected includes two months of our share of equity method earnings from the joint ventures which we had accounted for as equity method investments prior to being contributed to UBBP on February 27, 2014.

Equity method investments as of June 30, 2014 and December 31, 2013, were as follows:

	June 30, 2014			December 31, 2013
(dollars in millions)	Carrying Value		Ownership Percentage	Carrying Value		Ownership Percentage
USG Boral Building Products (a)	704		50%	N/A		N/A
Other equity method investments	51		33% - 50%	$	73	33% - 50%
Total equity method investments	$	755		$	73