Equity in Net Assets of Non-consolidated Affiliates

9 Months Ended

Sep. 30, 2015

Noncontrolling Interest [Abstract]

Equity in Net Assets of Non-consolidated Affiliates

Equity in Net Assets of Non-consolidated Affiliates

Non-consolidated affiliates are entities in which an equity ownership interest is maintained and for which the equity method of accounting is used due to the ability to exert significant influence over decisions relating to their operating and financial affairs.

In January 2015, we completed the acquisition of Ally Financial's equity interest in SAIC-GMAC. See Note 2 - "Acquisition of Ally Financial International Operations" for additional information.

The income of SAIC-GMAC is not consolidated into our financial statements; rather, our proportionate share of the earnings is reflected as equity income. At September 30, 2015, we had undistributed earnings of $85 million related to SAIC-GMAC.