Quarterly report pursuant to Section 13 or 15(d)

Equity Method Investments

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Equity Method Investments
 3 Months Ended
Mar. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
13. Equity Method Investments

We have noncontrolling unconsolidated equity investments in entities that own minority interests in renewable energy projects and in one case, real estate. During the three months ended March 31, 2017 and 2016, we recognized income of $4.2 million and $0.3 million, respectively, from our equity method investments. We describe our accounting for noncontrolling equity investments in Note 2.

The following is a summary of the consolidated financial position and results of operations of the significant holding companies, accounted for using the equity method:

 

     As of the year ended December 31,  
     2016      2015  
     (dollars in millions, unaudited)  

Current Assets

    $ 3      $ 2  

Total Assets

    $ 88      $ 90  

Current Liabilities

    $ 4      $ 4  

Total Liabilities

    $ 39      $ 42  

Members’ Equity

    $ 49      $ 48  
     For the year ended December 31,  
     2016      2015  
     (dollars in millions, unaudited)  

Revenue

    $ 12      $ 13  

Income from Continuing Operations

    $ 5      $ 6  

Net Income

    $ 5      $ 6  

Because we have elected to record our equity method investments in renewable energy projects one quarter in arrears, the last calendar quarter presented above is reflected in our financial statements in the following year.