Note 5. Other (Income) Expense: Note 6. Investments in Joint Ventures and Alliances: Note 7. Borrowings: The major components of other (income) expense included  the following: Investments in joint ventures and alliances at December 31  were as follows: Summary financial information for the joint ventures and alliances was as follows: In connection with various joint venture agreements, Cummins  is required to purchase products from the joint ventures in amounts to provide for the recovery of specified costs of the ventures. Under the agreement with Consolidated Diesel, CumminsGLYPH<213> purchases were $541 million in 2000 and  $513 million in 1999. The Company maintains a $500 million revolving credit agreement, maturing in 2003, under which there were no  outstanding borrowings at December 31, 2000 or 1999.  The revolving credit agreement supports the CompanyGLYPH<213>s  commercial paper borrowings of $112 million at December 31, 2000 and $168 million at December 31, 1999. In February  1998, the Company issued $765 million face amount of notes and debentures under a $1 billion Registration Statement filed  with the Securities and Exchange Commission in 1997. Net proceeds were used to finance the acquisition of Nelson and  to pay down other indebtedness outstanding at December 31, 1997. The Company also has other domestic and international credit lines with approximately $135 million available at December 31, 2000. Maturities of long-term debt for the five years subsequent to December 31, 2000 are $8 million, $10 million, $133 million,  $7 million, and $232 million. At December 31, 2000 and 1999, the weighted-average interest rate on loans payable and current maturities of long-term debt approximated 7 percent and 6 percent, respectively. Long-term debt at December 31 was: 27 $ Millions  2000 1999 1998 Amortization of intangibles $ 13  $ 15 $ 14  Interest income (13) (7) (9) Loss (gain) on sale of businesses  1  1 (7) Rental income (7) (5) (6) Royalty income (2) (4) (5)  Foreign currency losses 14  2 5 Non-operating partnership costs 4 6 3 Social tax refunds - - (3) Sale of scrap (3) (1) (2)  Other (8) 1 (3) Total $( 1 ) $ 8 $(13) $ Millions  2000 1999  7.125% debentures due 2028 $ ,249 $ ,249  6.45% notes due 2005 225 224  Commercial paper 112 168  5.65% debentures due 2098, net of unamortized discount of $39 (effective interest rate 7.48%) 125 125  6.25% notes due 2003 125 125 6.75% debentures due 2027 120 120 Guaranteed notes of ESOP Trust due 2010 58 61  Other 26 30  Total 1,040 1,102  Current maturities (8) (10)  Long-term debt $1,032 $1,092 $ Millions  2000 1999 Consolidated Diesel $6 6 $1 1 European Engine Alliance 26 14 Tata Cummins 18 22 Chongqing Cummins 16 16 Dong Feng 16 10 Komatsu alliances 16 18 Behr America 14 15  Other 29 25 $201 $131 $ Millions 2000 1999 1998 Net sales $1,531 $1,334 $1,245  Gross profit 165 101 25 Net earnings (loss) 12 (64) (105)  CumminsGLYPH<213> share 6 (32) (52) Current assets $ ,415 $ ,302 $ ,527  Noncurrent assets 555 485 613 Current liabilities (335) (223) (406)  Noncurrent liabilities (277) (284) (455)  Net assets $ ,358 $ ,280 $ ,279  CumminsGLYPH<213> share $ ,201 $ ,131 $ ,136