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Equity in Net Assets of Non-consolidated Affiliates
9 Months Ended
Sep. 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 September 30,Nine Months Ended September 30,
Summarized Operating Data2023202220232022
Finance charge income$328 $391 $1,071 $1,266 
Income before income taxes$127 $168 $423 $564 
Net income$95 $126 $317 $424 
At September 30, 2023 and December 31, 2022, we had undistributed earnings of $906 million and $795 million related to our nonconsolidated affiliates.