Equity Method Investments (Tables)

12 Months Ended

Dec. 31, 2015

Equity Method Investments and Joint Ventures [Abstract]

Schedule of equity method investments

Equity method investments were as follows:

	December 31, 2015			December 31, 2014
(millions)	Carrying Value		Ownership Percentage	Carrying Value		Ownership Percentage
USG Boral Building Products	$	675	50%	$	689	50%
Other equity method investments (a)	7		33% - 50%	$	46	33% - 50%
Total equity method investments	$	682		$	735

(a) As of December 31, 2014, our investment in the Knauf-USG joint venture was $38 million.

Schedule of translation gains or losses recorded in other comprehensive income

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

(millions)	2015			2014			2013
Translation loss	$	(23	)	$	(34	)	$	—

Statement of Operations from equity method investments

Statement of Operations

	For the year ended December 31,
(millions)	2015		2014 (a)		2013
USG Boral Building Products:
Net sales	$	1,003	$	927	N/A
Gross profit	278		251		N/A
Operating profit	124		95		N/A
Net income from continuing operations	101		72		N/A
Net income	101		72		N/A
Net income attributable to USG Boral Building Products	96		67		N/A
USG share of income from USG Boral Building Products	48		33		N/A
Other equity method investments(b):
USG share of income from other investments accounted for using the equity method	2		2		1
Total income from equity method investments	50		35		1

(a) Operating results are presented for UBBP for the ten months 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 from equity method investments

Balance Sheet

(millions)	December 31, 2015		December 31, 2014
USG Boral Building Products:
Current assets	$	368	$	446
Non-current assets	935		989
Current liabilities(c)	197		245
Long-term debt(d)	40		46
Other non-current liabilities	17		21
Shareholders' equity(e)	1,049		1,123

(c) Includes the current portion of long-term debt of $16 millionand$35 million as of December 31, 2015 and 2014, respectively.

(d) Includes term loans and credit facilities for the joint ventures in Oman which were contributed to UBBP in February 2014. The loans and credit facilities are guaranteed by us and the Zawawi Group in Oman.

(e) Shareholders' equity includes $60 million and $70 million related to non-controlling interests as of December 31, 2015 and 2014, respectively.