Equity Method Investments (Tables)

9 Months Ended

Sep. 30, 2017

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



	Three months ended September 30,				Nine months ended September 30,
(millions)	2017		2016		2017		2016
Translation gain	$	5	$	13	$	28	$	—

Equity method investments as of September 30, 2017 and December 31, 2016, were as follows:



	September 30, 2017			December 31, 2016
(dollars in millions)	Carrying Value		Ownership Percentage	Carrying Value		Ownership Percentage
USG Boral Building Products	$	669	50%	$	621	50%
Other equity method investments	7		33% - 50%	7		33% - 50%
Total equity method investments	$	676		$	628

Summarized financial information is as follows:



	Three months ended September 30,				Nine months ended September 30,
(millions)	2017		2016(a)		2017		2016(a)
USG Boral Building Products
Net sales	$	324	$	276	$	887	$	778
Gross profit	98		90		275		241
Operating profit	43		41		118		105
Income from continuing operations before income taxes	47		42		129		112
Net income	32		29		86		78
Net income attributable to USG Boral Building Products	30		28		83		74
USG share of income from investment accounted for using the equity method	15		14		42		37


(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.