Equity Method Investments (Tables)

12 Months Ended

Dec. 31, 2014

Equity Method Investments and Joint Ventures [Abstract]

Schedule of equity method investments

Equity method investments were as follows:

	December 31, 2014			December 31, 2013
(millions)	Carrying Value		Ownership Percentage	Carrying Value		Ownership Percentage
USG Boral Building Products	$	689	50%	N/A		N/A
Other equity method investments	46		33% - 50%	$	73	33% - 50%
Total equity method investments	$	735		$	73

Summarized financial information for equity method investments

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

Statement of Operations

	For the year ended December 31,
(millions)	2014(a)		2013	2012
USG Boral Building Products:
Net sales	$	927	N/A	N/A
Gross profit	251		N/A	N/A
Operating profit	95		N/A	N/A
Net income from continuing operations	72		N/A	N/A
Net income	72		N/A	N/A
Net income attributable to USG Boral Building Products	67		N/A	N/A
USG share of income from USG Boral Building Products	33		N/A	N/A
Other equity method investments(b):
USG share of income from other investments accounted for using the equity method	2		1	—
Total income from equity method investments	35		1	—

(a) Operating results are presented for UBBP for the ten months ended December 31, 2014.

(b) Amounts represent our share of income or loss from all equity method investments, other than UBBP. For the twelve months ended December 31, 2014, the amount reflected includes two months of our share of income from equity method investments from the joint ventures which we owned prior to being contributed to UBBP on February 27, 2014.

Balance sheet disclosures from equity method investments

Balance Sheet

(millions)	December 31, 2014
USG Boral Building Products:
Current assets	$	446
Non-current assets	989
Current liabilities(c)	245
Long-term debt	46
Other non-current liabilities	21
Shareholders' equity(d)	1,123

(c) Includes the current portion of long-term debt of $35 million.

(d) Shareholders' equity includes $70 million related to non-controlling interests.