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Equity in Net Assets of Nonconsolidated Affiliates
 6 Months Ended
Jun. 30, 2024
Noncontrolling Interest [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.
There have been no ownership changes in our joint ventures since December 31, 2023. The following table presents certain aggregated operating data of our joint ventures:
Three Months Ended June 30,Six Months Ended June 30,
Summarized Operating Data2024202320242023
Finance charge income$248 $352 $534 $744 
Income before income taxes$52 $141 $172 $296 
Net income$39 $106 $129 $222 
At June 30, 2024 and December 31, 2023, we had undistributed earnings of $882 million and $837 million related to our nonconsolidated affiliates.