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Equity in Net Assets of Non-consolidated Affiliate
3 Months Ended
Mar. 31, 2018
Noncontrolling Interest [Abstract]  
Equity in Net Assets of Non-consolidated Affiliate
Equity in Net Assets of Non-consolidated Affiliate
We use the equity method to account for our equity interest in SAIC-GMAC, a joint venture that conducts auto finance operations in China. The income of SAIC-GMAC is not consolidated into our financial statements; rather, our proportionate share of the earnings is reflected as equity income.
 
Three Months Ended March 31,
Summarized Operating Data(a)
2018
 
2017
Finance charge income
$
307

 
$
258

Provision for loan losses
$
3

 
$
(15
)
Interest expense
$
124

 
$
76

Income before income taxes
$
198

 
$
178

Net income
$
148

 
$
134

 _________________
(a)
This data represents that of the entire entity and not our 35% proportionate share.
During the three months ended March 31, 2018 and 2017, there were no dividends received from SAIC-GMAC. At March 31, 2018 and December 31, 2017 we had undistributed earnings of $367 million and $315 million related to SAIC-GMAC.