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Equity in Net Assets of Non-consolidated Affiliates
 12 Months Ended
Dec. 31, 2021
Equity Method Investments and Joint Ventures [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.
The following tables present certain aggregated financial data of our joint ventures:
Summarized Balance Sheet DataDecember 31, 2021December 31, 2020
Finance receivables, net $24,293 $22,063 
Total assets$26,265 $24,722 
Debt$18,675 $18,236 
Total liabilities$22,353 $21,177 
Years Ended December 31,
Summarized Operating Data202120202019
Finance charge income$1,668 $1,447 $1,369 
Provision for loan losses$32 $162 $47 
Income before income taxes$774 $572 $630 
Net income$582 $426 $473 
The following table summarizes our direct ownership interests in China joint ventures:
Joint VenturesDecember 31, 2021December 31, 2020
SAIC-GMAC Automotive Finance Company Limited35 %35 %
SAIC-GMF Leasing Co. Ltd.35 %35 %
In 2021, SAIC-GMAC Automotive Finance Company Limited (SAIC-GMAC) declared a $309 million cash dividend of which our share was $108 million. We received $82 million and expect to reinvest the remaining dividend payment in SAIC-GMF Leasing Co. Ltd. in the first quarter of 2022. In 2020 and 2019, SAIC-GMAC paid, $294 million and $140 million cash dividends, of which our share was $103 million and $49 million. At December 31, 2021 and 2020, we had undistributed earnings of $740 million and $647 million related to our non-consolidated affiliates.