XML 22 R13.htm IDEA: XBRL DOCUMENT v3.23.2
Equity in Net Assets of Non-consolidated Affiliates
 6 Months Ended
Jun. 30, 2023
Noncontrolling Interest [Abstract]  
Equity in Net Assets of Non-consolidated Affiliates Equity in Net Assets of Nonconsolidated 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, 2022. The following table presents certain aggregated operating data of our joint ventures:
Three Months Ended June 30,Six Months Ended June 30,
Summarized Operating Data2023202220232022
Finance charge income$352 $424 $744 $875 
Income before income taxes$141 $190 $296 $396 
Net income$106 $143 $222 $297 
At June 30, 2023 and December 31, 2022, we had undistributed earnings of $873 million and $795 million related to our nonconsolidated affiliates.