v3.25.2
Equity in Net Assets of Nonconsolidated Affiliates
 6 Months Ended
Jun. 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 June 30,Six Months Ended June 30,
Summarized Operating Data2025202420252024
Finance charge income$129 $248 $282 $534 
Income before income taxes$60 $52 $109 $172 
Net income$45 $39 $82 $129 
At June 30, 2025 and December 31, 2024, we had undistributed earnings of $757 million and $729 million related to our nonconsolidated affiliates.