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Equity in Net Assets of Nonconsolidated Affiliates
 12 Months Ended
Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Equity in Net Assets of Nonconsolidated Affiliates Equity in Net Assets of Nonconsolidated Affiliates
We use the equity method to account for our equity interest in joint ventures. Revenue and expenses of our joint ventures are not consolidated into our financial statements; rather, our proportionate share of the earnings of each joint venture is reflected as equity income.
The following tables present certain aggregated financial data of our joint ventures:
Summarized Balance Sheet DataDecember 31, 2023December 31, 2022
Finance receivables, net $18,142 $22,011 
Total assets$19,629 $23,558 
Debt$13,692 $17,952 
Total liabilities$15,751 $19,713 
Years Ended December 31,
Summarized Operating Data202320222021
Finance charge income$1,373 $1,636 $1,668 
Provision for loan losses$182 $172 $32 
Income before income taxes$525 $661 $774 
Net income$393 $494 $582 
The following table summarizes our direct ownership interests in China joint ventures:
Joint VenturesDecember 31, 2023December 31, 2022
SAIC-GMAC Automotive Finance Company Limited35 %35 %
SAIC-GMF Leasing Co. Ltd.35 %35 %
In 2023, 2022 and 2021, SAIC-GMAC Automotive Finance Company Limited paid $273 million, $342 million and $309 million of cash dividends, of which our share was $96 million, $120 million and $108 million. At December 31, 2023 and 2022, we had undistributed earnings of $837 million and $795 million related to our nonconsolidated affiliates.