Please help me answer the question below with explanation.

Analyzing and Interpreting Disclosures on Equity Method Investments Cummins, Inc. (CMI) reports investments in affiliated companies, consisting mainly of investments in nine manufacturing joint ventures. Cummins reports those investments on its balance sheet at $734 million, and provides the following financial information of its investee companies in a footnote to its 10-K report: As of and for the years ended December 31 (in millions) 2010 2009 2008 $7,107 $5,554 6,610 1,365 ,509 498 $196 231 Net sales Gross margin Net Income Cummins share of net income Royalty and interest income Total equity, royalty and interest income from investees Current assets Noncurrent assets Current liabilities Noncurrent liabilities Net assets Cummins share of net assets 1,651 668 $ 321 30 427 18 $2,741 2,005 1,253 1,123 1,837) 1,406) (499) (390) 1,658 s1,332 $734 587 (a) What assets and liabilities of unconsolidated affiliates are omitted from Cummins's balance sheet as a result of the equity method of accounting for those investments? Assets 734 Liabilities0 x millions) x millions)