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Equity in Net Assets of Non-consolidated Affiliates
 9 Months Ended
Sep. 30, 2020
Noncontrolling Interest [Abstract]  
Equity in Net Assets of Non-consolidated Affiliates Equity in Net Assets of Non-consolidated Affiliates
We use the equity method to account for our equity interest in joint ventures. The income of these joint ventures is not consolidated into our financial statements; rather, our proportionate share of the earnings is reflected as equity income.
There have been no ownership changes in our joint ventures since December 31, 2019. The following table presents certain aggregated operating data of our joint ventures:
Three Months Ended September 30,Nine Months Ended September 30,
Summarized Operating Data2020201920202019
Finance charge income$355 $330 $1,049 $1,024 
Income before income taxes$174 $150 $428 $481 
Net income$131 $113 $321 $361 
At September 30, 2020 and December 31, 2019, we had undistributed earnings of $609 million and $615 million related to our non-consolidated affiliates. During the three months ended September 30, 2020, SAIC-GMAC Automotive Finance Company Limited (SAIC-GMAC) declared a $294 million cash dividend of which our share was $103 million. The dividend payment was received on November 3, 2020.