Equity in Net Assets of Non-consolidated Affiliates

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
Summarized Operating Data	2020		2019		2020		2019
Finance charge income	$	335	$	344	$	694	$	694
Income before income taxes	$	158	$	161	$	254	$	331
Net income	$	118	$	121	$	190	$	248

At June 30, 2020 and December 31, 2019, we had undistributed earnings of $666 million and $615 million related to our non-consolidated affiliates.