UNITED STATES STEEL CORP | 2013 | FY | 3

Investments and Long-Term Receivables
 
 
December 31,
(In millions)
 
2013
 
2012
Equity method investments
 
$
558

 
$
570

Receivables due after one year, less allowance of $3 for both periods
 
58

 
34

Other
 
5

 
5

Total
 
$
621

 
$
609



Summarized financial information of all investees accounted for by the equity method of accounting is as follows (amounts represent 100% of investee financial information):
(In millions)
 
2013
 
2012
 
2011
Income data – year ended December 31:
 
 
 
 
 
 
Net Sales
 
$
3,735

 
$
4,019

 
$
3,514

Operating income
 
449

 
650

 
319

Net income
 
413

 
602

 
264

Balance sheet date – December 31:
 
 
 
 
 
 
Current Assets
 
$
912

 
$
1,028

 
 
Noncurrent Assets
 
1,876

 
1,981

 
 
Current liabilities
 
677

 
569

 
 
Noncurrent Liabilities
 
852

 
1,220

 
 


U. S. Steel's portion of the equity in net income for its equity investments as reported in the income from investees line on the Consolidated Statement of Operations was $40 million, $144 million and $85 million for the years ended December 31, 2013, 2012 and 2011, respectively.

Investees accounted for using the equity method include:
Investee
Country
December 31, 2013
Interest
Acero Prime, S. R. L. de CV
Mexico
40
%
Apolo Tubulars S.A.
Brazil
50
%
Baycoat Limited Partnership
Canada
50
%
Baycoat Limited
Canada
50
%
Chrome Deposit Corporation
United States
50
%
Daniel Ross Bridge, LLC
United States
50
%
D.C. Chrome Limited
Canada
50
%
Double Eagle Steel Coating Company
United States
50
%
Double G Coatings Company L.P.
United States
50
%
Feralloy Processing Company
United States
49
%
Hibbing Development Company
United States
24.1
%
Hibbing Taconite Company(a)
United States
14.7
%
Leeds Retail Center, LLC
United States
38
%
Patriot Premium Threading Services
United States
50
%
PRO-TEC Coating Company
United States
50
%
Strategic Investment Fund Partners I(b)
United States
8.6
%
Strategic Investment Fund Partners II(b)
United States
4.9
%
Swan Point Development Company, Inc.
United States
50
%
Tilden Mining Company, L.C.(a)
United States
15
%
United Spiral Pipe, LLC
United States
35
%
USS-POSCO Industries
United States
50
%
Worthington Specialty Processing
United States
49
%
(a)
Hibbing Taconite Company (HTC) is an unincorporated joint venture that is owned, in part, by Hibbing Development Company (HDC), which is accounted for using the equity method. Through HDC we are able to influence the activities of HTC, and as such, its activities are accounted for using the equity method.
Tilden Mining Company, L.C. is a limited liability company and in accordance with ASC Topic 323 “Partnerships and Unincorporated Joint Ventures,” (ASC Topic 323) its financial activities are accounted for using the equity method.
(b)
Strategic Investment Fund Partners I and II are limited partnerships and in accordance with ASC Topic 323, the financial activities are accounted for using the equity method.

Dividends and partnership distributions received from equity investees were $13 million in 2013, $98 million in 2012 and $31 million in 2011.

During 2013, U. S. Steel recognized a non-cash charge of $16 million to write its investment in United Spiral Pipe, LLC (USP) down to zero. Additionally, we recorded a $6 million non-cash charge to write-off an interest receivable due from USP.

We supply substrate to certain of our equity method investees and from time to time will extend the payment terms for their trade receivables. For discussion of transactions and related receivable and payable balances between U. S. Steel and its investees, see Note 21.

us-gaap:EquityMethodInvestmentsDisclosureTextBlock