Equity In Net Assets of Nonconsolidated Affiliates

3 Months Ended

Mar. 31, 2021

Equity Method Investments and Joint Ventures [Abstract]

Equity in Net Assets of Nonconsolidated Affiliates

Nonconsolidated affiliates are entities in which we maintain an equity ownership interest and for which we use the equity method of accounting due to our ability to exert significant influence over decisions relating to their operating and financial affairs. 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).


	Three Months Ended
	March 31, 2021		March 31, 2020
Automotive China equity income (loss)	$	308	$	(167)
Other joint ventures equity income	57		35
Total Equity income (loss)	$	365	$	(132)

There have been no significant ownership changes in our Automotive China joint ventures (Automotive China JVs) since December 31, 2020.


	Three Months Ended
	March 31, 2021		March 31, 2020
Summarized Operating Data of Automotive China JVs
Automotive China JVs' net sales	$	9,875	$	4,321
Automotive China JVs' net income (loss)	$	586	$	(348)

Dividends declared but not paid from our nonconsolidated affiliates were insignificant at March 31, 2021 and December 31, 2020. Dividends received from our nonconsolidated affiliates were insignificant in the three months ended March 31, 2021 and 2020. Undistributed earnings from our nonconsolidated affiliates were $1.9 billion and $1.6 billion at March 31, 2021 and December 31, 2020.