Equity in Net Assets of Non-consolidated Affiliates

3 Months Ended

Mar. 31, 2020

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 ownership changes in our joint ventures since December 31, 2019. The following table presents certain aggregated operating data of our joint ventures:

	Three Months Ended March 31,
Summarized Operating Data	2020		2019
Finance charge income	$	359	$	350
Income before income taxes	$	96	$	170
Net income	$	72	$	127

At March 31, 2020 and December 31, 2019, we had undistributed earnings of $624 million and $615 million related to our non-consolidated affiliates.