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Equity in Net Assets of Nonconsolidated Affiliates
 9 Months Ended
Sep. 30, 2025
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 (loss).
There have been no ownership changes in our joint ventures since December 31, 2024. The following table presents certain aggregated operating data of our joint ventures:
Three Months Ended September 30,Nine Months Ended September 30,
Summarized Operating Data2025202420252024
Finance charge income$114 $217 $396 $751 
Income before income taxes$35 $36 $143 $208 
Net income$26 $27 $108 $156 
At September 30, 2025 and December 31, 2024, we had undistributed earnings of $587 million and $729 million related to our nonconsolidated affiliates. In September 2025, SAIC-GMAC Automotive Finance Company Limited (SAIC-GMAC) declared a $513 million cash dividend of which our share is $179 million. The dividend payment, net of tax, is expected to be received in the fourth quarter of 2025.