XML 25 R14.htm IDEA: XBRL DOCUMENT v3.21.2
Equity In Net Assets of Nonconsolidated Affiliates
6 Months Ended
Jun. 30, 2021
Equity Method Investments and Joint Ventures [Abstract]  
Equity in Net Assets of Nonconsolidated Affiliates 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.
Three Months EndedSix Months Ended
June 30, 2021June 30, 2020June 30, 2021June 30, 2020
Automotive China equity income$276 $169 $584 $
Other joint ventures equity income51 43 108 78 
Total Equity income $327 $212 $692 $80 

There have been no significant ownership changes in our Automotive China joint ventures (Automotive China JVs) since December 31, 2020.
Three Months EndedSix Months Ended
June 30, 2021June 30, 2020June 30, 2021June 30, 2020
Summarized Operating Data of Automotive China JVs
Automotive China JVs' net sales$8,954 $9,239 $18,830 $13,560 
Automotive China JVs' net income$527 $562 $1,113 $214 
Dividends declared but not paid from our nonconsolidated affiliates were insignificant at June 30, 2021 and December 31, 2020. Dividends received from our nonconsolidated affiliates were $693 million and $709 million in the three and six months ended June 30, 2021 and $525 million and $526 million in the three and six months ended June 30, 2020. Undistributed earnings from our nonconsolidated affiliates were $1.6 billion at June 30, 2021 and December 31, 2020.