Equity in Net Assets of Non-consolidated Affiliates

3 Months Ended

Mar. 31, 2019

Noncontrolling Interest [Abstract]

Equity in Net Assets of Non-consolidated Affiliates

Equity in Net Assets of Non-consolidated Affiliates

We use the equity method to account for our equity interest in joint ventures. The income of these joint ventures is not consolidated into our financial statements; rather, our proportionate share of the earnings is reflected as equity income.

There have been no significant ownership changes in our joint ventures since December 31, 2018. The following table presents certain aggregated operating data of our joint ventures:

	Three Months Ended March 31,
Summarized Operating Data	2019		2018
Finance charge income	$	350	$	307
Provision for loan losses	$	6	$	3
Interest expense	$	152	$	124
Income before income taxes	$	170	$	198
Net income	$	127	$	148

At March 31, 2019 and December 31, 2018, we had undistributed earnings of $543 million and $498 million related to our non-consolidated affiliates.