United states securities and exchange commission

The Company's investment in and equity earnings from its principal nonconsolidated affiliates are shown in the tables below:

Investment in Principal Nonconsolidated Affiliates at Dec 31
In millions	2017			2016
Investment in principal nonconsolidated affiliates	$	3,323		$	3,029
Other noncurrent obligations	(752		)	(1,030		)
Net investment in principal nonconsolidated affiliates	$	2,571		$	1,999

Equity Earnings from Principal Nonconsolidated Affiliates
In millions		2017			2016 1			2015 2
Equity in earnings of principal nonconsolidated affiliates		$	701		$	449		$	704
1.	Equity in earnings of principal nonconsolidated affiliates for 2016 includes the results of Dow Corning through May 31, 2016.
2.	Equity in earnings of principal nonconsolidated affiliates for 2015 includes the results of Univation through April 30, 2015.

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The summarized financial information that follows represents the combined accounts (at 100 percent ) of the principal nonconsolidated affiliates:

Summarized Balance Sheet Information at Dec 31
In millions		2017			2016 1
Current assets		$	8,039		$	6,092
Noncurrent assets		28,300			28,588
Total assets		$	36,339		$	34,680
Current liabilities		$	5,164		$	3,953
Noncurrent liabilities		22,240			23,223
Total liabilities		$	27,404		$	27,176
Noncontrolling interests		$	304		$	300
1.	The summarized balance sheet information for 2016 does not include Dow Corning.

Summarized Income Statement Information 1
In millions			2017			2016 2			2015 3
Sales			$	13,345		$	12,003		$	15,468
Gross profit			$	2,461		$	2,518		$	3,206
Net income			$	1,401		$	831		$	1,343
1.	The results in this table reflect purchase and sale activity between certain principal nonconsolidated affiliates and Dow, as previously discussed in the "Transactions with Nonconsolidated Affiliates" section.
2.		The summarized income statement information for 2016 includes the results of Dow Corning through May 31, 2016.
3.	The summarized income statement information for 2015 includes the results of Univation through April 30, 2015 and MEGlobal through November 30, 2015.

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NOTE 13 - GOODWILL AND OTHER INTANGIBLE ASSETS

The Company changed its reportable segments as a result of the Merger to reflect the manner in which the Company's chief operating decision maker assesses performance and allocates resources. Effective with the Merger, the Company also updated its reporting units to align with the level at which discrete financial information is available for review by management. In connection with the Merger, the Company recorded $45,105 million of goodwill, representing the preliminary fair value as of the effective date of the Merger. Goodwill resulting from the Merger was assigned to reporting units based on the acquisition method of accounting and is considered preliminary. For the remaining goodwill balance, a relative fair value method was used to reallocate goodwill for reporting units of which the composition had changed. The following table reflects the carrying amounts of goodwill by reportable segment. Prior year data has been updated to conform with the current year presentation.

Goodwill					Agri-culture			Perf. Materials & Coatings			Ind. Interm. & Infrast.			Pack. & Spec. Plastics			Elect. & Imaging			Nutrition & Biosciences			Transp. & Adv. Polymers			Safety & Const.			Total
In millions
Balance at Jan 1, 2016					$	1,472		$	2,781		$	1,054		$	1,534		$	3,631		$	344		$	150		$	1,188		$	12,154
Acquisition of an aniline plant					—			—			37			—			—			—			—			—			37
Sale of product lines					—			(10		)	—			(5		)	—			—			—			—			(15		)
Goodwill related to the DCC Transaction 1					—			2,251			—			—			528			—			450			—			3,229
Foreign currency impact					—			(104		)	(6		)	(11		)	(4		)	(4		)	1			(5		)	(133		)
Balance at Dec 31, 2016					$	1,472		$	4,918		$	1,085		$	1,518		$	4,155		$	340		$	601		$	1,183		$	15,272
Goodwill recognized from Merger 1, 2					13,644			—			—			3,521			4,040			12,201			6,283			5,416			45,105
Goodwill impairment					—			(1,491		)	—			—			—			—			—			—			(1,491		)
Sale of SKC Haas Display Films 3					—			—			—			—			(34		)	—			—			—			(34		)
Divestiture of EAA Business 4					—			—			—			(23		)	—			—			—			—			(23		)
Goodwill recognized from H&N acquisition 5					—			—			—			—			—			718			—			—			718
Divestiture of DAS Divested Ag Business 6					(128		)	—			—			—			—			—			—			—			(128		)
Dissolution of joint venture 7					—			48			—			—			—			—			—			—			48
Other					—			—			—			(5		)	—			—			—			—			(5		)
Foreign currency impact					(115		)	194			16			33			14			(59		)	(14		)	(4		)	65
Balance at Dec 31, 2017					$	14,873		$	3,669		$	1,101		$	5,044		$	8,175		$	13,200		$	6,870		$	6,595		$	59,527
1.			See Note 3 for further information on goodwill recognized from business combinations.
2.	Final determination of the goodwill value assignment may result in adjustments to the preliminary value recorded.
3.	On June 30, 2017, Dow sold its ownership interest in the SKC Haas Display Films group of companies. See Note 18 for additional information.
4.		On September 1, 2017, Dow divested its EAA Business to SK Global Chemical Co., Ltd. See Note 4 for additional information.
5.				On November 1, 2017, DuPont acquired FMC's H&N Business. See Note 3 for additional information.
6.			On November 30, 2017, Dow divested the DAS Divested Ag Business. See Note 4 for additional information.
7.			On December 31, 2017, Dow dissolved a crude acrylic acid joint venture. See Note 23 for additional information.