Equity Method Investments (Tables)

12 Months Ended

Dec. 31, 2016

Equity Method Investments and Joint Ventures [Abstract]

Schedule of equity method investments

Equity method investments were as follows:

	December 31, 2016			December 31, 2015
(millions)	Carrying Value		Ownership Percentage	Carrying Value		Ownership Percentage
USG Boral Building Products	$	621	50%	$	675	50%
Other equity method investments	7		33% - 50%	$	7	33% - 50%
Total equity method investments	$	628		$	682

Schedule of translation gains or losses recorded in other comprehensive income

Translation losses recorded in other comprehensive income were as follows:

(millions)	2016			2015			2014
Translation loss	$	(30	)	$	(23	)	$	(34	)

Statement of operations from equity method investments

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

Statement of Income

	For the year ended December 31,
(millions)	2016		2015		2014 (a)
USG Boral Building Products:
Net sales	$	1,052	$	1,003	$	927
Gross profit	337		278		251
Operating profit(b)	133		124		95
Net income before taxes	142		132		101
Net income	95		101		72
Net income attributable to USG Boral Building Products	99		96		67
USG share of income from USG Boral Building Products(c)	49		48		33
Other equity method investments(d):
USG share of income from other investments accounted for using the equity method	—		2		2
Total income from equity method investments	49		50		35

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

(b) Year ended December 31, 2016 includes long-lived asset impairment charges of $8 million for China and of $14 million for Oman.

(c) Year ended December 31, 2016 includes long-lived asset impairment charges of $4 million for China and of $4 million for Oman.

(d) Amounts represent our share of income or loss from all equity method investments, other than UBBP.

Balance Sheet from equity method investments

Balance Sheet

(millions)	December 31, 2016		December 31, 2015
USG Boral Building Products:
Current assets	$	389	$	368
Non-current assets	903		935
Current liabilities(a)	211		197
Long-term debt	37		40
Other non-current liabilities	17		17
Shareholders' equity(b)	1,027		1,049

(a) Includes the current portion of long-term debt of $15 million and $16 million as of December 31, 2016 and 2015, respectively.

(b) Shareholders' equity includes $50 million and $60 million related to non-controlling interests as of December 31, 2016 and 2015, respectively.