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Equity in Net Assets of Non-consolidated Affiliates
3 Months Ended
Mar. 31, 2016
Noncontrolling Interest [Abstract]  
Equity in Net Assets of Non-consolidated Affiliates
Equity in Net Assets of Non-consolidated Affiliates
Non-consolidated affiliates are entities in which an equity ownership interest is maintained and for which the equity method of accounting is used due to the ability to exert significant influence over decisions relating to their operating and financial affairs.
We use the equity method to account for our equity interest in SAIC-GMAC Automotive Finance Company Limited ("SAIC-GMAC"), a joint venture that conducts auto finance operations in China. The income of SAIC-GMAC is not consolidated into our financial statements; rather, our proportionate share of the earnings is reflected as equity income. At March 31, 2016, we had undistributed earnings of $77 million related to SAIC-GMAC. Equity income from SAIC-GMAC recorded in the three months ended March 31, 2016 and 2015 was $36 million and $28 million.
We received a cash dividend from SAIC-GMAC of $27 million in the three months ended March 31, 2016.