Equity in Net Assets of Non-consolidated Affiliates

12 Months Ended

Dec. 31, 2015

Equity Method Investments and Joint Ventures [Abstract]

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 December 31, 2015, we had undistributed earnings of $121 million related to SAIC-GMAC.

The following tables present summarized financial data of SAIC-GMAC^(a) (in millions):



Summarized Balance Sheet Data	December 31, 2015
Finance receivables, net	$	9,617
Total assets	$	9,802
Debt	$	5,789
Total liabilities	$	7,973



Summarized Operating Data	Year Ended December 31, 2015
Finance charge income	$	971
Provision for loan losses	$	45
Interest expense	$	338
Income before income taxes	$	463
Net income	$	347

_________________


(a)	This data represents that of the entire entity and not our 35% proportionate share.