Equity In Net Assets of Nonconsolidated Affiliates

3 Months Ended

Mar. 31, 2022

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.


	Three Months Ended
		March 31, 2022		March 31, 2021
Automotive China equity income (loss)		$	234	$	308
Other joint ventures equity income (loss)		59		57
Total Equity income (loss)		$	292	$	365

There have been no significant ownership changes in our Automotive China joint ventures (Automotive China JVs) since December 31, 2021.


	Three Months Ended
		March 31, 2022		March 31, 2021
Summarized Operating Data of Automotive China JVs
Automotive China JVs' net sales		$	8,992	$	9,875
Automotive China JVs' net income (loss)		$	505	$	586

Dividends declared but not paid from our nonconsolidated affiliates were insignificant at March 31, 2022 and December 31, 2021. Dividends received from our nonconsolidated affiliates were insignificant in the three months ended March 31, 2022 and 2021. Undistributed earnings from our nonconsolidated affiliates were $2.4 billion and $2.1 billion at March 31, 2022 and December 31, 2021.