NONCONSOLIDATED PARTIALLY-OWNED AFFILIATES
Investments in the net assets of nonconsolidated partially-owned affiliates are stated in the “Investments in partially-owned affiliates” line in the consolidated statements of financial position as of September 30, 2013 and 2012. Equity in the net income of nonconsolidated partially-owned affiliates is stated in the “Equity income” line in the consolidated statements of income for the years ended September 30, 2013, 2012 and 2011.
The following table presents summarized financial data for the Company’s nonconsolidated partially-owned affiliates. The amounts included in the table below represent 100% of the results of operations of such nonconsolidated partially-owned affiliates accounted for under the equity method.
Summarized balance sheet data as of September 30 is as follows (in millions):
|
| | | | | | | |
| 2013 | | 2012 |
Current assets | $ | 3,987 |
| | $ | 3,339 |
|
Noncurrent assets | 1,775 |
| | 1,648 |
|
Total assets | 5,762 |
| | 4,987 |
|
| | | |
Current liabilities | $ | 3,046 |
| | $ | 2,501 |
|
Noncurrent liabilities | 613 |
| | 553 |
|
Shareholders’ equity | 2,103 |
| | 1,933 |
|
Total liabilities and shareholders’ equity | 5,762 |
| | 4,987 |
|
Summarized income statement data for the years ended September 30 is as follows (in millions):
|
| | | | | | | | | | | |
| 2013 | | 2012 | | 2011 |
Net sales | $ | 9,973 |
| | $ | 9,261 |
| | $ | 8,468 |
|
Gross profit | 1,483 |
| | 1,423 |
| | 1,154 |
|
Net income attributable to the entity | 639 |
| | 664 |
| | 526 |
|
