Annual report pursuant to Section 13 and 15(d)

Gains (Losses) on Equity Investments, Net

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Gains (Losses) on Equity Investments, Net
 12 Months Ended
Dec. 26, 2015
Gains (Losses) on Equity Investments, Net [Abstract]  
Gains (Losses) on Equity Investments, Net [Text Block]
Note 20: Gains (Losses) on Equity Investments, Net
The components of gains (losses) on equity investments, net for each period were as follows:
Years Ended
(In Millions)
 
Dec 26,
2015
 
Dec 27,
2014
 
Dec 28,
2013
Share of equity method investee losses, net
 
$
(95
)
 
$
(69
)
 
$
(69
)
Impairments
 
(185
)
 
(146
)
 
(123
)
Gains on sales, net
 
145

 
422

 
515

Dividends
 
52

 
57

 
46

Other, net
 
398

 
147

 
102

Total gains (losses) on equity investments, net
 
$
315


$
411


$
471


The substantial majority of other, net for 2015 resulted from gains on third-party merger transactions, and the majority of gains on sales, net for 2014 resulted from gains on private equity sales.
During 2013, we sold our shares in Clearwire Corporation, which had been accounted for as available-for-sale marketable equity securities, and our interest in Clearwire LLC, which had been accounted for as an equity method investment. We received proceeds of $142 million on the sale of our shares in Clearwire Corporation and $328 million on the sale of our interest in Clearwire LLC. The proceeds received on the sale of our shares in Clearwire Corporation and our interest in Clearwire LLC are included in "sales of available-for-sale investments" and "other investing," respectively, within investing activities on the consolidated statements of cash flows. During 2013, we recognized gains of $111 million on the sale of our shares in Clearwire Corporation and $328 million on the sale of our interest in Clearwire LLC. The total gain of $439 million on these transactions is included in "gains (losses) on equity investments, net" on the consolidated statements of income.