EQUITY IN NET ASSETS OF AFFILIATED COMPANIES

We use the equity method of accounting for our investments in entities over which we do not have control, but over whose operating and financial policies we are able to exercise significant influence.

Ownership Percentages and Investment Balances

Our ownership percentages and carrying value of our equity method investments at December 31 were as follows

(in millions, except percentages):



	Ownership Percentage		Investment Balance
Automotive Sector	2014		2014		2013
Changan Ford Automobile Corporation, Ltd (“CAF”) (Note 22)	50.0	%	$	1,301	$	1,429
Jiangling Motors Corporation, Ltd (“JMC”) (Note 22)	32.0		604		535
AutoAlliance (Thailand) Co., Ltd.	50.0		428		395
Ford Sollers Netherlands B.V. (Note 22)	50.0		—		376
Ford Otomotiv Sanayi Anonim Sirketi (“Ford Otosan”)	41.0		386		336
Getrag Ford Transmissions GmbH (“GFT”)	50.0		232		249
Tenedora Nemak, S.A. de C.V.	6.8		86		79
Changan Ford Mazda Engine Company, Ltd.	25.0		69		59
OEConnection LLC	50.0		35		28
DealerDirect LLC	97.7		26		25
Percepta, LLC	45.0		9		9
Automotive Fuel Cell Cooperation Corporation	49.9		9		8
Blue Diamond Truck, S. de R.L. de C.V.	25.0		8		8
Thirdware Solutions LTD	20.0		8		4
Other	Various		15		6
Total Automotive sector			3,216		3,546
Financial Services Sector
Forso Nordic AB	50.0		67		72
FFS Finance South Africa (Pty) Limited	50.0		50		43
RouteOne LLC	30.0		20		14
CNF-Administradora de Consorcio Nacional Ltda.	33.3		4		4
Total Financial Services sector			141		133
Total Company			$	3,357	$	3,679

We received $1.5 billion, $529 million, and $610 million of dividends from these affiliated companies for the years ended December 31, 2014, 2013, and 2012, respectively.

NOTE 9. EQUITY IN NET ASSETS OF AFFILIATED COMPANIES (Continued)

Summarized Financial Results of Unconsolidated Affiliates

A summary of 100% of the financial results of our equity method investees in the aggregate at December 31 was as follows (in millions):



Summarized Balance Sheet			2014		2013
Current assets			$	11,012	$	10,424
Non-current assets			13,749		13,872
Total assets			$	24,761	$	24,296

Current liabilities			$	11,943	$	11,130
Non-current liabilities			4,597		4,986
Total liabilities			$	16,540	$	16,116

Equity attributable to non-controlling interests			$	8	$	6

	For the years ended December 31,
Summarized Income Statement	2014		2013		2012
Total revenue	$	40,658	$	38,736	$	33,051
Income before income taxes	4,673		2,815		1,896
Net income	4,102		2,587		1,616

Related Party Transactions

In the ordinary course of business we buy/sell various products and services including vehicles, parts, and components to/from our equity method investees. In addition, we receive royalty income.

Transactions with equity method investees reported on our consolidated income statement and balance sheet at December 31 were as follows (in millions):



	For the years ended December 31,
Income Statement	2014		2013		2012
Sales	$	5,208	$	6,421	$	5,491
Purchases	9,430		10,536		10,007
Royalty income	500		526		369



Balance Sheet	2014		2013
Receivables	$	1,056	$	953
Payables	712		724