Equity Method Investments (Tables)

6 Months Ended

Jun. 30, 2015

Equity method investments as of June 30, 2015 and December 31, 2014, were as follows:



	June 30, 2015			December 31, 2014
(dollars in millions)	Carrying Value		Ownership Percentage	Carrying Value		Ownership Percentage
USG Boral Building Products	$	673	50%	$	689	50%
Other equity method investments (a)	44		33% - 50%	46		33% - 50%
Total equity method investments	$	717		$	735


(a)	This amount includes our investment in Knauf-USG of $36 million which as of June 30, 2015 is classified as assets held for sale and is included in other current assets.

Translation gains or losses recorded in other comprehensive income were as follows:

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



	Three months ended June 30,				Six months ended June 30,
(in millions)	2015		2014		2015		2014 (a)
USG Boral Building Products:
Net sales	$	264	$	280	$	492	$	369
Gross profit	70		80		131		102
Operating profit	34		16		57		26
Income from continuing operations	28		10		46		17
Net income	28		10		46		17
Net income attributable to USG Boral Building Products	26		9		42		15
USG share of income from investment accounted for using the equity method	13		4		21		7
Other equity method investments:
USG share of income from investments accounted for using the equity method	1		1		1		1

Total income from equity method investments	14		5		22		8


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