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Equity in Net Assets of Non-consolidated Affiliate
 6 Months Ended
Jun. 30, 2018
Noncontrolling Interest [Abstract]  
Equity in Net Assets of Non-consolidated Affiliate
Equity in Net Assets of Non-consolidated Affiliate
We use the equity method to account for our equity interest in 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.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
Summarized Operating Data(a)
2018
 
2017
 
2018
 
2017
Finance charge income
$
315

 
$
256

 
$
622

 
$
514

Provision for loan losses
$
6

 
$
4

 
$
9

 
$
(11
)
Interest expense
$
132

 
$
82

 
$
256

 
$
158

Income before income taxes
$
171

 
$
155

 
$
369

 
$
333

Net income
$
129

 
$
116

 
$
277

 
$
250

 _________________
(a)
This data represents that of the entire entity and not our 35% proportionate share.
During the six months ended June 30, 2018 and 2017, there were no dividends received from SAIC-GMAC. At June 30, 2018 and December 31, 2017, we had undistributed earnings of $412 million and $315 million related to SAIC-GMAC.