Equity Method Investments (Tables)

9 Months Ended

Sep. 30, 2016

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



	Three months ended September 30,					Nine months ended September 30,
(millions)	2016		2015			2016		2015
Translation gain (loss)	$	13	$	(35	)	$	—	$	(54	)

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



	Three months ended September 30,				Nine months ended September 30,
(millions)	2016		2015		2016		2015
USG Boral Building Products:
Net sales	$	276	$	250	$	778	$	742
Gross profit ^(a)	90		69		241		200
Operating profit	41		30		105		87
Income from continuing operations before income taxes	42		32		112		94
Net income	29		25		78		71
Net income attributable to USG Boral Building Products	28		24		74		66
USG share of income from investment accounted for using the equity method	14		12		37		33
Other equity method investments:
USG share of income from investments accounted for using the equity method	—		1		—		2

Total income from equity method investments	$	14	$	13	$	37	$	35


(a)	The results for the three and nine months ended September 30, 2016 include impairment charges of $8 million, net of tax of $0, for certain assets in China.

Equity method investments as of September 30, 2016 and December 31, 2015, were as follows:



	September 30, 2016			December 31, 2015
(dollars in millions)	Carrying Value		Ownership Percentage	Carrying Value		Ownership Percentage
USG Boral Building Products	$	667	50%	$	675	50%
Other equity method investments	7		33% - 50%	7		33% - 50%
Total equity method investments	$	674		$	682