Document and Entity Information
Document and Entity Information - USD ($) | 3 Months Ended | ||
Mar. 31, 2017 | May 02, 2017 | Jun. 30, 2016 | |
Document And Entity Information [Abstract] | |||
Entity Registrant Name | Ally Financial Inc. | ||
Entity Central Index Key | 40,729 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Large Accelerated Filer | ||
Document Type | 10-Q | ||
Document Period End Date | Mar. 31, 2017 | ||
Document Fiscal Year Focus | 2,017 | ||
Document Fiscal Period Focus | Q1 | ||
Amendment Flag | false | ||
Entity Common Stock, Shares Outstanding | 459,193,676 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Public Float | $ 8,257,669,855 |
Consolidated Statement of Incom
Consolidated Statement of Income Consolidated Statement of Income - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Financing Revenue and Other Income [Line Items] | ||
Interest and Fee Income, Loans and Leases | $ 1,368 | $ 1,235 |
Interest and Dividend Income, Securities, Operating, Available-for-sale | 134 | 102 |
Interest Income, Deposits with Financial Institutions | 5 | 3 |
Operating Leases, Income Statement, Lease Revenue | 543 | 769 |
Total financing revenue and other interest income | 2,050 | 2,109 |
Interest Expense [Abstract] | ||
Interest Expense, Deposits | 231 | 193 |
Interest Expense, Short-term Borrowings | 27 | 13 |
Interest Expense, Long-term Debt | 424 | 442 |
Interest Expense | 682 | 648 |
Operating Leases, Income Statement, Depreciation Expense on Property Subject to or Held-for-lease | 389 | 510 |
Net Financing Revenue | 979 | 951 |
Other revenue [Abstract] | ||
Insurance Services Revenue | 241 | 230 |
Gain (Loss) on Sales of Loans, Net | 14 | 1 |
Gain (Loss) on Extinguishment of Debt | (1) | (4) |
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments | 27 | 54 |
Noninterest Income, Other Operating Income | 115 | 95 |
Nonoperating Income (Expense) | 396 | 376 |
Revenues | 1,375 | 1,327 |
Provision for Loan Losses Expensed | 271 | 220 |
Noninterest Expense [Abstract] | ||
Labor and Related Expense | 285 | 252 |
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | 88 | 73 |
Other Noninterest Expense | 405 | 385 |
Noninterest Expense | 778 | 710 |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest | 326 | 397 |
Income Tax Expense (Benefit) | 113 | 150 |
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | 213 | 247 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 1 | 3 |
Net Income (Loss) Attributable to Parent | 214 | 250 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 20 | 146 |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $ 234 | $ 396 |
Earnings Per Share, Basic [Abstract] | ||
Income (Loss) from Continuing Operations, Per Basic Share | $ 0.46 | $ 0.48 |
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share | 0 | 0.01 |
Earnings Per Share, Basic | 0.46 | 0.49 |
Earnings Per Share, Diluted [Abstract] | ||
Income (Loss) from Continuing Operations, Per Diluted Share | 0.46 | 0.48 |
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share | 0 | 0.01 |
Earnings Per Share, Diluted | 0.46 | 0.49 |
Common Stock, Dividends, Per Share, Declared | $ 0.08 | $ 0 |
Retained Earnings [Member] | ||
Net Income (Loss) Attributable to Parent | $ 214 | $ 250 |
Consolidated Balance Sheet & Mi
Consolidated Balance Sheet & Mini Balance Sheet - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 |
Held-to-maturity Securities, Fair Value | $ 1,063 | $ 789 |
Assets [Abstract] | ||
Cash and Due from Banks | 1,513 | 1,547 |
Interest-bearing Deposits in Banks and Other Financial Institutions | 2,789 | 4,387 |
Cash and Cash Equivalents, at Carrying Value | 4,302 | 5,934 |
Available-for-sale securities | 20,308 | 18,926 |
Held-to-maturity securities | 1,104 | 839 |
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group | 1 | 0 |
Finance receivables and loans, net [Abstract] | ||
Loans and Leases Receivable, Gross | 119,002 | 118,944 |
Loans and Leases Receivable, Allowance | (1,155) | (1,144) |
Loans and Leases Receivable, Net Amount | 117,847 | 117,800 |
Property Subject to or Available for Operating Lease, Net | 10,461 | 11,470 |
Premiums receivable and other insurance assets | 1,944 | 1,905 |
Other Assets | 6,134 | 6,854 |
Assets | 162,101 | 163,728 |
Liabilities and Equity [Abstract] | ||
Noninterest-bearing deposit liabilities | 102 | 84 |
Interest-bearing Deposit Liabilities | 84,384 | 78,938 |
Deposits | 84,486 | 79,022 |
Short-term Debt | 8,371 | 12,673 |
Long-term Debt | 51,061 | 54,128 |
Interest payable | 382 | 351 |
Unearned Premiums | 2,514 | 2,500 |
Accounts Payable and Accrued Liabilities | 1,922 | 1,737 |
Liabilities | 148,736 | 150,411 |
Equity [Abstract] | ||
Common Stocks, Including Additional Paid in Capital, Net of Discount | 21,187 | 21,166 |
Retained Earnings (Accumulated Deficit) | (6,975) | (7,151) |
Accumulated Other Comprehensive Income (Loss), Net of Tax | (321) | (341) |
Treasury stock, Value | (526) | (357) |
Stockholders' Equity Attributable to Parent, Total | 13,365 | 13,317 |
Liabilities and Equity | 162,101 | 163,728 |
Variable Interest Entity, Primary Beneficiary [Member] | ||
Finance receivables and loans, net [Abstract] | ||
Loans and Leases Receivable, Gross | 22,550 | 24,630 |
Loans and Leases Receivable, Allowance | (154) | (173) |
Loans and Leases Receivable, Net Amount | 22,396 | 24,457 |
Property Subject to or Available for Operating Lease, Net | 1,273 | 1,745 |
Other Assets | 914 | 1,390 |
Assets | 24,583 | 27,592 |
Liabilities and Equity [Abstract] | ||
Long-term Debt | 13,331 | 13,259 |
Accounts Payable and Accrued Liabilities | 12 | 12 |
Liabilities | $ 13,343 | $ 13,271 |
Consolidated Balance Sheet and
Consolidated Balance Sheet and Mini Balance Sheet (Paranthetical) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 |
Statement of Financial Position [Abstract] | ||
Common Stock, Par or Stated Value Per Share | $ 0.01 | $ 0.01 |
Common Stock, Shares Authorized | 1,100,000,000 | 1,100,000,000 |
Common Stock, Shares, Issued | 488,997,931 | 485,707,644 |
Common Stock, Shares, Outstanding | 462,193,424 | 467,000,306 |
Treasury Stock, Shares | 26,804,507 | 18,707,338 |
Held-to-maturity Securities, Fair Value | $ 1,063 | $ 789 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Equity - USD ($) $ in Millions | Total | Common stock and paid-in capital [Member] | Preferred stock [Member] | Retained Earnings [Member] | Accumulated other comprehensive (loss) income [Member] | Treasury stock [Member] |
Accumulated Other Comprehensive Income (Loss), Net of Tax | $ (231) | $ (231) | ||||
Stockholders' Equity Attributable to Parent at Dec. 31, 2015 | 13,439 | $ 21,100 | $ 696 | $ (8,110) | $ (16) | |
Net Income (Loss) Attributable to Parent | 250 | 250 | ||||
Dividends, Preferred Stock, Cash | (15) | (15) | ||||
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation | 17 | 17 | ||||
Other Comprehensive Income (Loss), Net of Tax | 146 | |||||
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 146 | |||||
Treasury Stock, Value, Acquired, Cost Method | (14) | (14) | ||||
Stockholders' Equity Attributable to Parent at Mar. 31, 2016 | $ 13,823 | 21,117 | 696 | (7,875) | (30) | |
Common Stock, Dividends, Per Share, Declared | $ 0 | |||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | $ (85) | (85) | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | (341) | (341) | ||||
Stockholders' Equity Attributable to Parent at Dec. 31, 2016 | 13,317 | 21,166 | 0 | (7,151) | (357) | |
Net Income (Loss) Attributable to Parent | 214 | 214 | ||||
Dividends, Preferred Stock, Cash | 0 | |||||
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation | 21 | 21 | ||||
Other Comprehensive Income (Loss), Net of Tax | 20 | |||||
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 20 | |||||
Treasury Stock, Value, Acquired, Cost Method | (169) | (169) | ||||
Dividends, Common Stock, Cash | (38) | (38) | ||||
Stockholders' Equity Attributable to Parent at Mar. 31, 2017 | $ 13,365 | $ 21,187 | $ 0 | $ (6,975) | $ (526) | |
Common Stock, Dividends, Per Share, Declared | $ 0.08 | |||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | $ (321) | $ (321) |
Consolidated Statement of Cash
Consolidated Statement of Cash Flows - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Net Cash Provided by Operating Activities [Abstract] | ||
Net Income (Loss) Attributable to Parent | $ 214 | $ 250 |
Depreciation, Amortization and Accretion, Net | 534 | 653 |
Provision for Loan Losses Expensed Including Discontinued Operations | 271 | 220 |
Gain Loss on Sales of Loans Net Including Discontinued Operations | (14) | (1) |
Availableforsale Securities Gross Realized Gain Loss Excluding Otti Including Disc Ops | (27) | (54) |
Gain (Loss) on Extinguishment of Debt | 1 | 4 |
Payments for Origination and Purchases of Loans Held-for-sale | (21) | (44) |
Proceeds from Sale of Loans Held-for-sale | 20 | 104 |
Increase (Decrease) in Deferred Income Taxes | 91 | 147 |
Increase (Decrease) in Interest Payable, Net | 31 | 24 |
Increase (Decrease) in Other Operating Assets | 60 | 46 |
Increase (Decrease) in Other Operating Liabilities | (20) | (122) |
Increase (Decrease) in Other Operating Assets and Liabilities, Net | 35 | (25) |
Net cash provided by (used in) operating activities | 1,175 | 1,202 |
Payments to Acquire Available-for-sale Securities | (2,833) | (4,870) |
Proceeds from sales of available-for-sale securities | 1,045 | 4,175 |
Proceeds from maturities and repayment of available-for-sale securities | 589 | 409 |
Payments to Acquire Held-to-maturity Securities | (215) | (118) |
Proceeds from Sale and Maturity of Held-to-maturity Securities | 5 | 0 |
Payments for (Proceeds from) Loans and Leases | (405) | (1,402) |
Proceeds from Sale of Loans Held-for-investment | 1,164 | 2,594 |
Originations and repayments of loans held-for-investment and other | 1,174 | 684 |
Purchases of operating lease assets | (893) | (701) |
Disposals of operating lease assets | 1,545 | 1,535 |
Increase (Decrease) in Restricted Cash | 355 | 48 |
Increase (Decrease) in Non marketable equity securities | 213 | (315) |
Payments for (Proceeds from) Other Investing Activities | (59) | (20) |
Net cash provided by investing activities | (663) | 651 |
Net Cash Used in Financing Activities [Abstract] | ||
Proceeds from (Repayments of) Short-term Debt | (4,303) | (2,739) |
Increase (Decrease) in Deposits | 5,451 | 3,780 |
Proceeds from issuance of long-term debt | 4,488 | 4,244 |
Repayments of long-term debt | (7,573) | (8,490) |
Payments for Repurchase of Common Stock | (169) | (14) |
Payments of Dividends | (38) | (15) |
Net cash (used in) provided by financing activities | (2,144) | (3,234) |
Effect of exchange-rate changes on cash and cash equivalents | 0 | 2 |
Cash and Cash Equivalents, Period Increase (Decrease) | (1,632) | (1,379) |
Cash and Cash Equivalents, at Carrying Value | 5,934 | 6,380 |
Cash and Cash Equivalents, at Carrying Value | 4,302 | 5,001 |
Supplemental Cash Flow Information [Abstract] | ||
Interest Paid | 648 | 626 |
Income Taxes Paid | 2 | 0 |
Held-to-maturity securities received in consideration for loans sold | 56 | 0 |
Transfer of Portfolio Loans and Leases to Held-for-sale | 1,213 | 2,599 |
Proceeds from sales and repayments of mortgage loans held-for-investment originally designated as held-for-sale | $ 8 | $ 9 |
Description of Business, Basis
Description of Business, Basis of Presentation, and Changes in Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block] | Description of Business, Basis of Presentation, and Changes in Significant Accounting Policies Ally Financial Inc. (together with its consolidated subsidiaries unless the context requires otherwise, Ally, the Company, or we, us, or our) is a leading digital financial services company offering diversified financial products for consumers, businesses, automotive dealers and corporate clients . Our legacy dates back to 1919, and Ally was redesigned in 2009 with a distinctive brand and relentless focus on our customers. We reconverted to a Delaware corporation in 2009 and are registered as a bank holding company (BHC) under the Bank Holding Company Act of 1956 as amended and a financial holding company (FHC) under the Gramm-Leach-Bliley Act of 1999 as amended . Our banking subsidiary, Ally Bank, is an award-winning online bank, and an indirect, wholly-owned subsidiary of Ally Financial Inc. Collectively, Ally Financial Inc. and its subsidiaries offer a variety of deposit and banking products including CDs, online savings, money market and checking accounts, IRA products, automotive lending products to customers and dealers, corporate finance lending, insurance products and services, a cash back credit card, mortgage lending offerings, and wealth management solutions. Our accounting and reporting policies conform to accounting principles generally accepted in the United States of America (GAAP). Additionally, where applicable, the policies conform to the accounting and reporting guidelines prescribed by bank regulatory authorities. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and that affect income and expenses during the reporting period and related disclosures. In developing the estimates and assumptions, management uses all available evidence; however, actual results could differ because of uncertainties associated with estimating the amounts, timing, and likelihood of possible outcomes. Our most significant estimates pertain to the allowance for loan losses, valuations of automotive lease assets and residuals, fair value of financial instruments, legal and regulatory reserves, and the determination of the provision for income taxes. The Condensed Consolidated Financial Statements at March 31, 2017 , and for the three months ended March 31, 2017 , and 2016 , are unaudited but reflect all adjustments that are, in management’s opinion, necessary for the fair presentation of the results for the interim periods presented. All such adjustments are of a normal recurring nature. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements (and the related Notes) included in our Annual Report on Form 10-K for the year ended December 31, 2016 , as filed on February 27, 2017, with the U.S. Securities and Exchange Commission (SEC). Significant Accounting Policies Income Taxes In calculating the provision for interim income taxes, in accordance with Accounting Standards Codification (ASC) 740, Income Taxes , we apply an estimated annual effective tax rate to year-to-date ordinary income. At the end of each interim period, we estimate the effective tax rate expected to be applicable for the full fiscal year. This method differs from that described in Note 1 to the Consolidated Financial Statements in our 2016 Annual Report on Form 10-K, which describes our annual significant income tax accounting policy and related methodology. Securitizations and Variable Interest Entities We securitize, transfer, and service consumer and commercial automotive loans and operating leases. Securitization transactions typically involve the use of variable interest entities (VIEs) and are accounted for either as sales or secured borrowings. We may retain economic interests in securitized and sold assets, which are generally in the form of senior or subordinated interests, other residual interests, and servicing rights. In order to conclude whether or not a VIE is required to be consolidated, careful consideration and judgment must be given to our continuing involvement with the variable interest entity. In circumstances where we have both the power to direct the activities of the entity that most significantly impact the entity's performance and the obligation to absorb losses or the right to receive benefits of the entity that could be significant, we would conclude that we would consolidate the entity, which would also preclude us from recording an accounting sale on the transaction. In the case of a consolidated VIE, the accounting is consistent with a secured borrowing, (e.g., we continue to carry the loans and we record the related securitized debt on our Condensed Consolidated Balance Sheet ). In transactions where we are not determined to be the primary beneficiary of the VIE, we must determine whether or not we achieve a sale for accounting purposes. In order to achieve a sale for accounting purposes, the assets being transferred must be legally isolated, not be constrained by restrictions from further transfer, and be deemed to be beyond our control. If we were to fail any of the three criteria for sale accounting, the accounting would be consistent with the preceding paragraph (i.e., a secured borrowing) . Refer to Note 10 to the Condensed Consolidated Financial Statements for discussion on VIEs. Gains or losses on off-balance sheet securitizations take into consideration the fair value of any retained interests including the value of certain servicing assets or liabilities, if any, which are initially recorded at fair value at the date of sale. The estimate of the fair value of the retained interests and servicing requires us to exercise significant judgment about the timing and amount of future cash flows from the interests. Refer to Note 21 to the Condensed Consolidated Financial Statements for a discussion of fair value estimates. Gains or losses on off-balance sheet securitizations and sales are reported in gain on mortgage and automotive loans, net, in our Condensed Consolidated Statement of Comprehensive Income . Retained interests are classified as securities or as other assets depending on their nature. On December 24, 2016, the risk retention rules under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) of 2010 became effective, requiring us to retain at least five percent of the credit risk of the assets underlying asset-backed securitizations . Our note was updated to address this guidance. We retain servicing responsibilities for all of our consumer and commercial automotive loan and operating lease securitizations. We may receive servicing fees for off-balance sheet securitizations based on the securitized loan balances and certain ancillary fees, all of which are reported in servicing fees in the Condensed Consolidated Statement of Comprehensive Income. Typically, the fee we are paid for servicing consumer automotive finance receivables represents adequate compensation, and consequently, we do not recognize a servicing asset or liability. Whether on- or off-balance sheet, the investors in the securitization trusts generally have no recourse to our assets outside of protections afforded through customary market representation and warranty repurchase provisions. Refer to Note 1 to the Consolidated Financial Statements in our 2016 Annual Report on Form 10-K regarding additional significant accounting policies. Recently Adopted Accounting Standards Stock Compensation — Improvements to Employee Share-Based Payment Accounting (ASU 2016-09) As of December 31, 2016, we adopted Accounting Standards Update (ASU) 2016-09. The amendments in this update include changes to several aspects of share-based payment accounting. The amendments allow for an entity-wide accounting policy election to either account for forfeitures as they occur or estimate the number of awards that are expected to vest. We elected to account for forfeitures as they occur. The amendments modify the tax withholding requirements to allow entities to withhold an amount up to the employee’s maximum individual statutory tax rates without resulting in a liability classification of the award as opposed to limiting the withholding to the minimum statutory tax rates as required under previous accounting guidance. The amendments require that all excess tax benefits and tax deficiencies related to share-based payment awards should be recognized in income tax expense or benefit in the income statement in the period in which they occur. The adoption of these amendments did not have a material impact to the financial statements. The amendments also address the classification and presentation of certain items on the cash flow statement. Specifically, cash flows related to excess tax benefits should be classified as an operating activity instead of a financing activity and cash flows related to cash paid to a tax authority by an employer when withholding shares from an employee’s award for tax withholding purposes should be classified as a financing activity. The adoption of the amendment requiring excess tax benefits to be classified as an operating activity did not have a material impact to our Condensed Consolidated Statement of Cash Flows . The adoption of the amendment requiring amounts paid to a tax authority by an employer when withholding shares from an employee’s award for tax withholding purposes to be classified as a financing activity resulted in the reclassification of cash flows in our Condensed Consolidated Statement of Cash Flows for the three months ended March 31, 2016 , of $14 million from operating activities to financing activities. Recently Issued Accounting Standards Revenue from Contracts with Customers (ASU 2014-09) and Revenue from Contracts with Customers — Deferral of the Effective Date (ASU 2015-14) In May 2014, the Financial Accounting Standards Board (FASB) issued ASU 2014-09. The purpose of this guidance is to streamline and consolidate existing revenue recognition principles in GAAP and to converge revenue recognition principles with International Financial Reporting Standards (IFRS). The core principle of the amendments is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to receive in exchange for those goods or services. The amendments include a five step process for consideration of the main principle, guidance on the accounting treatment for costs associated with a contract, and disclosure requirements related to the revenue process. As originally issued, the amendments in ASU 2014-09 were to be effective beginning on January 1, 2017. However, in August 2015, the FASB issued ASU 2015-14, which deferred the effective date of the guidance until January 1, 2018, and permitted early adoption as of the original effective date in ASU 2014-09. The FASB created a transition resource group to work with stakeholders and clarify the new guidance as necessary. The FASB has issued several additional ASUs to clarify guidance and provide implementation support for ASU 2014-09. The clarifying guidance elaborates on the key concepts within ASU 2014-09 and clarifies how those concepts interact with other GAAP requirements. Management has considered these additional ASUs when assessing the overall impact of ASU 2014-09. The amendments to the revenue recognition principles can be applied on adoption either through a full retrospective application or on a modified basis with a cumulative effect adjustment on the date of initial adoption with certain practical expedients. A majority of our revenue streams are not within the scope of this ASU as they are governed by other accounting standards. Management has determined that certain revenue streams and contractual arrangements are in scope of this guidance, including deposit fees, premiums on certain noninsurance contracts, brokering commissions through our insurance operations, remarketing fee income through SmartAuction, and investment advisory fee income through TradeKing. Management does not expect these amendments to impact current revenue recognition patterns for a majority of the in scope revenue streams and contracts. However, we expect that the application of this guidance to noninsurance contracts within our insurance business will result in the deferral of certain amounts we currently recognize as revenue upon the origination of the contract. We do not expect the impact of the new guidance to these specific contracts to be material to the financial statements. Management continues to evaluate whether we will adopt this guidance using the full retrospective approach or the modified retrospective approach. Financial Instruments — Recognition and Measurement of Financial Assets (ASU 2016-01) In January 2016, the FASB issued ASU 2016-01. The amendments in this update modify the requirements related to the measurement of certain financial instruments in the statement of financial condition and results of operations. For equity investments (other than investments accounted for using the equity method), entities must measure such instruments at fair value with changes in fair value recognized in net income. Changes in fair value for available-for-sale equity securities will no longer be recognized through other comprehensive income. Reporting entities may continue to elect to measure equity investments that do not have a readily determinable fair value at cost with adjustments for impairment and observable changes in price. In addition, for a liability (other than a derivative liability) that an entity measures at fair value, any change in fair value related to the instrument-specific credit risk, that is the entity’s own-credit, should be presented separately in other comprehensive income and not as a component of net income. The amendments are effective on January 1, 2018, with early adoption permitted solely for the provisions pertaining to instrument-specific credit risk for liabilities measured at fair value. The amendments must be applied on a modified retrospective basis with a cumulative effect adjustment as of the beginning of the fiscal year of initial adoption. The amendment requiring equity investments to be measured at fair value with changes in fair value recognized in net income will create additional volatility in our consolidated results of operations since changes in fair value for available-for-sale securities will be recognized in net income as opposed to other comprehensive income as required under existing accounting guidance. Management continues to evaluate the impact of the other amendments. However, we do not anticipate the other amendments to have a material impact to our financial statements. Management currently plans to adopt these amendments on January 1, 2018, and expects to use the modified retrospective approach as required. Leases (ASU 2016-02) In February 2016, the FASB issued ASU 2016-02. The amendments in this update primarily replace the existing accounting requirements for operating leases for lessees. Lessee accounting requirements for finance leases and lessor accounting requirements for both operating leases and sales type and direct financing leases (both of which were previously referred to as capital leases) are largely unchanged. The amendments require the lessee of an operating lease to record a balance sheet gross-up upon lease commencement by recognizing a right-of-use asset and lease liability equal to the present value of the lease payments. The right-of-use asset and lease liability should be derecognized in a manner that effectively yields a straight line lease expense over the lease term. In addition to the changes to the lessee operating lease accounting requirements, the amendments also change the types of costs that can be capitalized related to a lease agreement for both lessees and lessors for all types of leases. The amendments also require additional disclosures for all lease types for both lessees and lessors. The amendments are effective on January 1, 2019, with early adoption permitted. The amendments must be applied on a modified retrospective basis with a cumulative adjustment to the beginning of the earliest fiscal year presented in the financial statements in the period of adoption. Management is currently evaluating the impact of these amendments. Upon adoption, we expect to record a balance sheet gross up, reflecting our right-of-use asset and lease liability for our operating leases where we are the lessee (for example, our facility leases). We are currently reviewing our operating lease contracts where we are the lessee to determine the impact of the gross up and the changes to capitalizable costs. We are also reviewing our leases where we are the lessor to determine the impact of the changes to capitalizable costs. Management currently plans to adopt these amendments on January 1, 2019, and expects to use the modified retrospective approach as required. Financial Instruments — Credit Losses (ASU 2016-13) In June 2016, the FASB issued ASU 2016-13. The amendments in this update introduce a new accounting model to measure credit losses for financial assets measured at amortized cost. Credit losses for financial assets measured at amortized cost should be determined based on the total current expected credit losses over the life of the financial asset or group of financial assets. In effect, the financial asset or group of financial assets should be presented at the net amount expected to be collected. Credit losses will no longer be measured as they are incurred for financial assets measured at amortized cost. The amendments also modify the accounting for available-for-sale debt securities whereby credit losses will be recorded through an allowance for credit losses rather than a write-down to the security’s cost basis, which allows for reversals of credit losses when estimated credit losses decline. Credit losses for available-for-sale debt securities should be measured in a manner similar to current GAAP. The amendments are effective on January 1, 2020, with early adoption permitted as of January 1, 2019. The amendments must be applied using a modified retrospective approach with a cumulative-effect adjustment through retained earnings as of the beginning of the fiscal year upon adoption. The new accounting model for credit losses represents a significant departure from existing GAAP, and will likely materially increase the allowance for credit losses with a resulting negative adjustment to retained earnings. Management created a formal working group to govern the implementation of these amendments consisting of key stakeholders from finance, risk, and accounting and is currently evaluating the impact of the amendments. Management currently plans to adopt these amendments on January 1, 2020, and expects to use the modified retrospective approach as required. Statement of Cash Flows — Restricted Cash (ASU 2016-18) In November 2016, the FASB issued ASU 2016-18. The amendments in this update require that amounts classified as restricted cash and restricted cash equivalents be included within the beginning-of-period and end-of-period amounts along with cash and cash equivalents on the statement of cash flows. Prior to this ASU, specific guidance on the presentation of changes in restricted cash and restricted cash equivalents within the statement of cash flows did not exist. The amendments are effective on January 1, 2018, with early adoption permitted. The amendments must be applied retrospectively to all periods presented within the statement of cash flows upon adoption. Management is currently evaluating the impact of these amendments. Receivables — Nonrefundable Fees and Other Costs: Premium Amortization on Purchased Callable Debt Securities (ASU 2017-08) In March 2017, the FASB issued ASU 2017-08. The amendments in this update require premiums on purchased callable debt securities to be amortized to the security’s earliest call date. Prior to this ASU, premiums and discounts on purchased callable debt securities were generally required to be amortized to the security’s maturity date. The amendments do not require an accounting change for securities held at a discount. The amendments are effective on January 1, 2019, with early adoption permitted. The amendments must be applied using a modified retrospective approach with a cumulative-effect adjustment through retained earnings as of the beginning of the fiscal year upon adoption. Management is currently evaluating the impact of these amendments. |
Acquisitions Acquisitions
Acquisitions Acquisitions | 3 Months Ended |
Mar. 31, 2017 | |
Acquisitions [Abstract] | |
Business Combination Disclosure [Text Block] | Acquisitions On June 1, 2016 , we acquired 100% of the equity of TradeKing Group, Inc. (TradeKing), a digital wealth management company with an online broker-dealer, digital portfolio management platform, and educational content for $298 million in cash. TradeKing, which is being rebranded as Ally Invest, operates as a wholly-owned subsidiary of Ally. The addition of brokerage and wealth management is a natural extension of our online banking franchise, creating a full suite of financial products for savings and investments. We applied the acquisition method of accounting to this transaction, which generally requires the initial recognition of assets acquired, including identifiable intangible assets, and liabilities assumed at their respective fair value. Goodwill is recognized as the excess of the acquisition price after the recognition of the net assets, including the identifiable intangible assets. Beginning in June 2016, financial information related to TradeKing is included within Corporate and Other. The following table summarizes the allocation of cash consideration paid for TradeKing and the amounts of the identifiable assets acquired and liabilities assumed recognized at the acquisition date. ($ in millions) Purchase price Cash consideration $ 298 Allocation of purchase price to net assets acquired Intangible assets (a) 82 Cash and short-term investments (b) 50 Other assets 14 Deferred tax asset, net 4 Employee compensation and benefits (41 ) Other liabilities (4 ) Goodwill $ 193 (a) We recorded $3 million of amortization on these intangible assets during the three months ended March 31, 2017. (b) Includes $40 million in cash proceeds from the acquisition transaction in order to pay employee compensation and benefits that vested upon acquisition as a result of the change in control. The goodwill of $193 million arising from the acquisition consists largely of expected growth of the business as we leverage the Ally brand and our marketing capabilities to scale the acquired technology platform and expand the suite of financial products we offer to our existing growing customer base. None of the goodwill recognized is expected to be deductible for income tax purposes. Refer to Note 12 for a reconciliation of the carrying amount of goodwill at the beginning and end of the reporting period. On August 1, 2016, we acquired assets that constitute a business from Blue Yield, an online automotive lender exchange, as we continue to expand our automotive finance offerings to include a direct-to-consumer option. We completed the acquisition for $28 million of total consideration. As a result of the purchase, we recognized $20 million of goodwill within Automotive Finance operations. |
Discontinued Operations
Discontinued Operations | 3 Months Ended |
Mar. 31, 2017 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | Discontinued Operations Prior to the adoption of ASU 2014-08, which was prospectively applied only to newly identified disposals that qualify as discontinued operations beginning after January 1, 2015, we have classified operations as discontinued when operations and cash flows will be eliminated from our ongoing operations and we do not expect to retain any significant continuing involvement in their operations after the respective sale or disposal transactions. For all periods presented, the operating results for these discontinued operations have been removed from continuing operations and presented separately as discontinued operations, net of tax, in the Condensed Consolidated Statement of Comprehensive Income . The Notes to the Condensed Consolidated Financial Statements have been adjusted to exclude discontinued operations unless otherwise noted. Our discontinued operations relate to previous discontinued operations in our Automotive Finance operations, Insurance operations, and Corporate Finance operating segments, and other operations for which we continue to have wind-down, legal, and minimal operational costs. Select financial information of discontinued operations is summarized below. Three months ended March 31, ($ in millions) 2017 2016 Pretax income $ 1 $ 4 Tax expense — 1 |
Other Income, Net of Losses
Other Income, Net of Losses | 3 Months Ended |
Mar. 31, 2017 | |
Other Nonoperating Income (Expense) [Abstract] | |
Other Income and Other Expense Disclosure [Text Block] | Other Income, Net of Losses Details of other income, net of losses, were as follows. Three months ended March 31, ($ in millions) 2017 2016 Remarketing fees $ 29 $ 28 Late charges and other administrative fees 27 25 Servicing fees 16 13 Income from equity-method investments — 6 Other, net 43 23 Total other income, net of losses $ 115 $ 95 |
Reserves for Insurance Losses a
Reserves for Insurance Losses and Loss Adjustment Expenses Reserves for Insurance Losses and Loss Adjustment Expenses | 3 Months Ended |
Mar. 31, 2017 | |
Insurance Liability for Unpaid Claims and Claims Adjustment Expenses [Abstract] | |
Short-Duration Insurance and Deposit Contracts [Text Block] | Reserves for Insurance Losses and Loss Adjustment Expenses The following table shows a rollforward of our reserves for insurance losses and loss adjustment expenses. ($ in millions) 2017 2016 Total gross reserves for insurance losses and loss adjustment expenses at January 1, $ 149 $ 169 Less: Reinsurance recoverable 108 120 Net reserves for insurance losses and loss adjustment expenses at January 1, 41 49 Net insurance losses and loss adjustment expenses incurred related to: Current year 89 77 Prior years (a) (1 ) (4 ) Total net insurance losses and loss adjustment expenses incurred 88 73 Net insurance losses and loss adjustment expenses paid or payable related to: Current year (45 ) (37 ) Prior years (23 ) (22 ) Total net insurance losses and loss adjustment expenses paid or payable (68 ) (59 ) Foreign exchange and other 2 3 Net reserves for insurance losses and loss adjustment expenses at March 31, 63 66 Plus: Reinsurance recoverable 112 118 Total gross reserves for insurance losses and loss adjustment expenses at March 31, $ 175 $ 184 (a) There have been no material adverse changes to the reserve for prior years. |
Other Operating Expenses
Other Operating Expenses | 3 Months Ended |
Mar. 31, 2017 | |
Operating Expenses [Abstract] | |
Other Operating Income and Expense [Text Block] | Other Operating Expenses Details of other operating expenses were as follows. Three months ended March 31, ($ in millions) 2017 2016 Insurance commissions $ 99 $ 94 Technology and communications 69 66 Lease and loan administration 36 32 Advertising and marketing 30 27 Vehicle remarketing and repossession 28 24 Regulatory and licensing fees 27 21 Professional services 26 24 Premises and equipment depreciation 22 21 Occupancy 12 13 Non-income taxes 8 9 Other 48 54 Total other operating expenses $ 405 $ 385 |
Investment Securities
Investment Securities | 3 Months Ended |
Mar. 31, 2017 | |
Investments, Debt and Equity Securities [Abstract] | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Investment Securities Our portfolio of securities includes bonds, equity securities, asset-backed securities, commercial and residential mortgage-backed securities, and other investments. The cost, fair value, and gross unrealized gains and losses on investment securities were as follows. March 31, 2017 December 31, 2016 Amortized cost Gross unrealized Fair value Amortized cost Gross unrealized Fair ($ in millions) gains losses gains losses Available-for-sale securities Debt securities U.S. Treasury $ 2,276 $ 1 $ (52 ) $ 2,225 $ 1,680 $ — $ (60 ) $ 1,620 U.S. States and political subdivisions 803 9 (17 ) 795 794 7 (19 ) 782 Foreign government 143 3 — 146 157 5 — 162 Agency mortgage-backed residential 12,054 31 (223 ) 11,862 10,473 29 (212 ) 10,290 Mortgage-backed residential 2,053 4 (61 ) 1,996 2,162 5 (70 ) 2,097 Mortgage-backed commercial 533 2 (1 ) 534 537 2 (2 ) 537 Asset-backed 1,046 6 (1 ) 1,051 1,396 6 (2 ) 1,400 Corporate debt 1,262 6 (13 ) 1,255 1,452 7 (16 ) 1,443 Total debt securities (a) (b) 20,170 62 (368 ) 19,864 18,651 61 (381 ) 18,331 Equity securities 481 9 (46 ) 444 642 7 (54 ) 595 Total available-for-sale securities $ 20,651 $ 71 $ (414 ) $ 20,308 $ 19,293 $ 68 $ (435 ) $ 18,926 Held-to-maturity securities Debt securities Agency mortgage-backed residential (c) $ 1,052 $ 2 $ (43 ) $ 1,011 $ 839 $ — $ (50 ) $ 789 Asset-backed retained notes 52 — — 52 — — — — Total held-to-maturity securities (d) $ 1,104 $ 2 $ (43 ) $ 1,063 $ 839 $ — $ (50 ) $ 789 (a) Certain entities related to our Insurance operations are required to deposit securities with state regulatory authorities. These deposited securities totaled $12 million and $14 million at March 31, 2017 , and December 31, 2016 , respectively. (b) Investment securities with a fair value of $3,235 million and $4,881 million at March 31, 2017 , and December 31, 2016 , respectively, were pledged to secure advances from the Federal Home Loan Bank (FHLB), short-term borrowings or repurchase agreements and for other purposes as required by contractual obligation or law. Under these agreements, Ally has granted the counterparty the right to sell or pledge $1,257 million and $737 million of the underlying investment securities at March 31, 2017 , and December 31, 2016 , respectively. (c) Agency-backed residential mortgage-backed debt securities are held for liquidity purposes. (d) Held-to-maturity securities are recorded at amortized cost. Held-to-maturity securities with a fair value of $0 million and $87 million at March 31, 2017, and December 31, 2016 , respectively, were pledged to secure advances from the FHLB. The maturity distribution of investment securities outstanding is summarized in the following tables. Call or prepayment options may cause actual maturities to differ from contractual maturities. Total Due in one year or less Due after one year through five years Due after five years through ten years Due after ten years ($ in millions) Amount Yield Amount Yield Amount Yield Amount Yield Amount Yield March 31, 2017 Fair value of available-for-sale debt securities (a) U.S. Treasury $ 2,225 1.8 % $ — — % $ 262 1.8 % $ 1,963 1.8 % $ — — % U.S. States and political subdivisions 795 3.1 66 2.4 34 2.5 175 2.9 520 3.3 Foreign government 146 2.5 — — 66 2.7 80 2.4 — — Agency mortgage-backed residential 11,862 3.0 — — — — 3 2.9 11,859 3.0 Mortgage-backed residential 1,996 2.9 — — — — — — 1,996 2.9 Mortgage-backed commercial 534 2.8 — — — — 3 2.8 531 2.8 Asset-backed 1,051 2.9 — — 829 2.9 59 3.2 163 2.6 Corporate debt 1,255 2.9 99 2.1 642 2.6 468 3.2 46 4.7 Total available-for-sale debt securities $ 19,864 2.8 $ 165 2.2 $ 1,833 2.6 $ 2,751 2.2 $ 15,115 3.0 Amortized cost of available-for-sale debt securities $ 20,170 $ 165 $ 1,826 $ 2,806 $ 15,373 Amortized cost of held-to-maturity securities Agency mortgage-backed residential 1,052 3.0 % — — % — — % — — % 1,052 3.0 % Asset-backed retained notes 52 1.5 10 0.8 40 1.6 2 2.7 — — Total held-to-maturity securities $ 1,104 2.9 $ 10 0.8 $ 40 1.6 $ 2 2.7 $ 1,052 3.0 December 31, 2016 Fair value of available-for-sale debt securities (a) U.S. Treasury $ 1,620 1.7 % $ 2 4.6 % $ 60 1.6 % $ 1,558 1.7 % $ — — % U.S. States and political subdivisions 782 3.1 64 1.7 29 2.3 172 2.8 517 3.4 Foreign government 162 2.6 — — 58 2.8 104 2.4 — — Agency mortgage-backed residential 10,290 2.9 — — — — 29 2.6 10,261 2.9 Mortgage-backed residential 2,097 2.9 — — — — — — 2,097 2.9 Mortgage-backed commercial 537 2.6 — — — — 3 2.8 534 2.6 Asset-backed 1,400 2.8 — — 1,059 2.8 143 3.2 198 2.6 Corporate debt 1,443 2.8 72 2.2 840 2.6 489 3.2 42 4.7 Total available-for-sale debt securities $ 18,331 2.8 $ 138 2.0 $ 2,046 2.7 $ 2,498 2.2 $ 13,649 2.9 Amortized cost of available-for-sale debt securities $ 18,651 $ 138 $ 2,040 $ 2,563 $ 13,910 Amortized cost of held-to-maturity securities $ 839 2.9 % $ — — % $ — — % $ — — % $ 839 2.9 % (a) Yield is calculated using the effective yield of each security at the end of the period, weighted based on the market value. The effective yield considers the contractual coupon and amortized cost, and excludes expected capital gains and losses. The balances of cash equivalents were $1.1 billion and $291 million at March 31, 2017 , and December 31, 2016 , respectively, and were composed primarily of money market accounts and short-term securities, including U.S. Treasury bills. The following table presents interest and dividends on investment securities. Three months ended March 31, ($ in millions) 2017 2016 Taxable interest $ 119 $ 94 Taxable dividends 2 4 Interest and dividends exempt from U.S. federal income tax 5 4 Interest and dividends on investment securities $ 126 $ 102 Gross gains realized upon the sales of available-for-sale securities were $27 million and $54 million for the three months ended March 31, 2017 , and 2016, respectively. There were no gross realized losses or other-than-temporary impairments upon the sales of available-for-sale securities for either period. The table below summarizes available-for-sale securities in an unrealized loss position in accumulated other comprehensive income. Based on the assessment of whether such losses were deemed to be other-than-temporary, we believe that the unrealized losses are not indicative of an other-than-temporary impairment of these securities. As of March 31, 2017 , we did not have the intent to sell the debt securities with an unrealized loss position in accumulated other comprehensive income, it is not more likely than not that we will be required to sell these securities before recovery of their amortized cost basis, and we expect to recover the entire amortized cost basis of the securities. As of March 31, 2017 , we had the ability and intent to hold equity securities with an unrealized loss position in accumulated other comprehensive income, and it is not more likely than not that we will be required to sell these securities before recovery of their amortized cost basis. As a result, we believe that the securities with an unrealized loss position in accumulated other comprehensive income are not considered to be other-than-temporarily impaired at March 31, 2017 . Refer to Note 1 to the Consolidated Financial Statements in our 2016 Annual Report on Form 10-K for additional information related to investment securities and our methodology for evaluating potential other-than-temporary impairments. March 31, 2017 December 31, 2016 Less than 12 months 12 months or longer Less than 12 months 12 months or longer $ in millions) Fair value Unrealized loss Fair value Unrealized loss Fair value Unrealized loss Fair value Unrealized loss Available-for-sale securities Debt securities U.S. Treasury $ 2,070 $ (52 ) $ — $ — $ 1,612 $ (60 ) $ — $ — U.S. States and political subdivisions 435 (16 ) 26 (1 ) 524 (19 ) — — Foreign government 13 — — — 38 — — — Agency mortgage-backed residential 8,874 (209 ) 531 (14 ) 8,052 (196 ) 587 (16 ) Mortgage-backed residential 768 (16 ) 816 (45 ) 813 (17 ) 860 (53 ) Mortgage-backed commercial 79 (1 ) 77 — 47 (1 ) 149 (1 ) Asset-backed 175 — 134 (1 ) 375 (2 ) 127 — Corporate debt 565 (11 ) 46 (2 ) 744 (14 ) 46 (2 ) Total temporarily impaired debt securities 12,979 (305 ) 1,630 (63 ) 12,205 (309 ) 1,769 (72 ) Temporarily impaired equity securities 72 (6 ) 162 (40 ) 151 (8 ) 269 (46 ) Total temporarily impaired available-for-sale securities $ 13,051 $ (311 ) $ 1,792 $ (103 ) $ 12,356 $ (317 ) $ 2,038 $ (118 ) |
Finance Receivables and Loans,
Finance Receivables and Loans, Net | 3 Months Ended |
Mar. 31, 2017 | |
Loans and Leases Receivable, Net Amount [Abstract] | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Finance Receivables and Loans, Net The composition of finance receivables and loans reported at gross carrying value was as follows. ($ in millions) March 31, 2017 December 31, 2016 Consumer automotive (a) $ 65,663 $ 65,793 Consumer mortgage Mortgage Finance (b) 8,331 8,294 Mortgage — Legacy (c) 2,606 2,756 Total consumer mortgage 10,937 11,050 Total consumer 76,600 76,843 Commercial Commercial and industrial Automotive 34,911 35,041 Other 3,499 3,248 Commercial real estate — Automotive 3,992 3,812 Total commercial 42,402 42,101 Total finance receivables and loans (d) $ 119,002 $ 118,944 (a) Includes $34 million and $43 million of fair value adjustment for loans in hedge accounting relationships at March 31, 2017 , and December 31, 2016 , respectively. Refer to Note 19 for additional information. (b) Includes loans originated as interest-only mortgage loans of $26 million and $30 million at March 31, 2017 , and December 31, 2016 , respectively, 3% of which are expected to start principal amortization in 2017 , none in 2018 , 37% in 2019 , 42% in 2020 , and none thereafter. (c) Includes loans originated as interest-only mortgage loans of $653 million and $714 million at March 31, 2017 , and December 31, 2016 , respectively, 17% of which are expected to start principal amortization in 2017 , 2% in 2018 , none in 2019 , none in 2020 , and 1% thereafter. (d) Totals include net increases of $393 million and $359 million at March 31, 2017 , and December 31, 2016 , respectively, for unearned income, unamortized premiums and discounts, and deferred fees and costs. The following tables present an analysis of the activity in the allowance for loan losses on finance receivables and loans. Three months ended March 31, 2017 ($ in millions) Consumer automotive Consumer mortgage Commercial Total Allowance at January 1, 2017 $ 932 $ 91 $ 121 $ 1,144 Charge-offs (a) (341 ) (9 ) — (350 ) Recoveries 90 7 — 97 Net charge-offs (251 ) (2 ) — (253 ) Provision for loan losses 267 (3 ) 7 271 Other (b) (7 ) — — (7 ) Allowance at March 31, 2017 $ 941 $ 86 $ 128 $ 1,155 Allowance for loan losses at March 31, 2017 Individually evaluated for impairment $ 32 $ 33 $ 24 $ 89 Collectively evaluated for impairment 909 53 104 1,066 Finance receivables and loans at gross carrying value Ending balance $ 65,663 $ 10,937 $ 42,402 $ 119,002 Individually evaluated for impairment 388 249 120 757 Collectively evaluated for impairment 65,275 10,688 42,282 118,245 (a) Represents the amount of the gross carrying value directly written-off. For consumer and commercial loans, the loss from a charge-off is measured as the difference between the gross carrying value of a loan and the fair value of the collateral, less costs to sell. Refer to Note 1 to the Consolidated Financial Statements in our 2016 Annual Report on Form 10-K for more information regarding our charge-off policies. (b) Primarily related to the transfer of finance receivables and loans from held-for-investment to held-for-sale. Three months ended March 31, 2016 ($ in millions) Consumer automotive Consumer mortgage Commercial Total Allowance at January 1, 2016 $ 834 $ 114 $ 106 $ 1,054 Charge-offs (a) (253 ) (10 ) — (263 ) Recoveries 80 4 — 84 Net charge-offs (173 ) (6 ) — (179 ) Provision for loan losses 207 7 6 220 Other (b) (18 ) — — (18 ) Allowance at March 31, 2016 $ 850 $ 115 $ 112 $ 1,077 Allowance for loan losses at March 31, 2016 Individually evaluated for impairment $ 25 $ 43 $ 18 $ 86 Collectively evaluated for impairment 825 72 94 991 Finance receivables and loans at gross carrying value Ending balance $ 63,013 $ 10,675 $ 37,188 $ 110,876 Individually evaluated for impairment 337 261 90 688 Collectively evaluated for impairment 62,676 10,414 37,098 110,188 (a) Represents the amount of the gross carrying value directly written-off. For consumer and commercial loans, the loss from a charge-off is measured as the difference between the gross carrying value of a loan and the fair value of the collateral, less costs to sell. Refer to Note 1 to the Consolidated Financial Statements in our 2016 Annual Report on Form 10-K for more information regarding our charge-off policies. (b) Primarily related to the transfer of finance receivables and loans from held-for-investment to held-for-sale. The following table presents information about significant sales of finance receivables and loans and transfers of finance receivables and loans from held-for-investment to held-for-sale. Three months ended March 31, ($ in millions) 2017 2016 Consumer automotive $ 1,213 $ 2,599 Consumer mortgage 3 2 Total sales and transfers $ 1,216 $ 2,601 The following table presents information about significant purchases of finance receivables and loans. Three months ended March 31, ($ in millions) 2017 2016 Consumer automotive $ 68 $ — Consumer mortgage 327 1,370 Total purchases of finance receivables and loans $ 395 $ 1,370 The following table presents an analysis of our past due finance receivables and loans recorded at gross carrying value. ($ in millions) 30–59 days past due 60–89 days past due 90 days or more past due Total past due Current Total finance receivables and loans March 31, 2017 Consumer automotive $ 1,346 $ 308 $ 263 $ 1,917 $ 63,746 $ 65,663 Consumer mortgage Mortgage Finance 30 2 7 39 8,292 8,331 Mortgage — Legacy 33 14 57 104 2,502 2,606 Total consumer mortgage 63 16 64 143 10,794 10,937 Total consumer 1,409 324 327 2,060 74,540 76,600 Commercial Commercial and industrial Automotive — — 6 6 34,905 34,911 Other — — — — 3,499 3,499 Commercial real estate — Automotive — — — — 3,992 3,992 Total commercial — — 6 6 42,396 42,402 Total consumer and commercial $ 1,409 $ 324 $ 333 $ 2,066 $ 116,936 $ 119,002 December 31, 2016 Consumer automotive $ 1,850 $ 428 $ 302 $ 2,580 $ 63,213 $ 65,793 Consumer mortgage Mortgage Finance 39 6 4 49 8,245 8,294 Mortgage — Legacy 45 18 57 120 2,636 2,756 Total consumer mortgage 84 24 61 169 10,881 11,050 Total consumer 1,934 452 363 2,749 74,094 76,843 Commercial Commercial and industrial Automotive 3 — 7 10 35,031 35,041 Other — — — — 3,248 3,248 Commercial real estate — Automotive — — — — 3,812 3,812 Total commercial 3 — 7 10 42,091 42,101 Total consumer and commercial $ 1,937 $ 452 $ 370 $ 2,759 $ 116,185 $ 118,944 The following table presents the gross carrying value of our finance receivables and loans on nonaccrual status. ($ in millions) March 31, 2017 December 31, 2016 Consumer automotive $ 573 $ 598 Consumer mortgage Mortgage Finance 10 10 Mortgage — Legacy 95 89 Total consumer mortgage 105 99 Total consumer 678 697 Commercial Commercial and industrial Automotive 34 33 Other 81 84 Commercial real estate — Automotive 5 5 Total commercial 120 122 Total consumer and commercial finance receivables and loans $ 798 $ 819 Management performs a quarterly analysis of the consumer automotive, consumer mortgage, and commercial portfolios using a range of credit quality indicators to assess the adequacy of the allowance for loan losses based on historical and current trends. The following tables present the population of loans by quality indicators for our consumer automotive, consumer mortgage, and commercial portfolios. The following table presents performing and nonperforming credit quality indicators in accordance with our internal accounting policies for our consumer finance receivables and loans recorded at gross carrying value. Nonperforming loans include finance receivables and loans on nonaccrual status when the principal or interest has been delinquent for 90 days or when full collection is not expected. Refer to Note 1 to the Consolidated Financial Statements in our 2016 Annual Report on Form 10-K for additional information. March 31, 2017 December 31, 2016 ($ in millions) Performing Nonperforming Total Performing Nonperforming Total Consumer automotive $ 65,090 $ 573 $ 65,663 $ 65,195 $ 598 $ 65,793 Consumer mortgage Mortgage Finance 8,321 10 8,331 8,284 10 8,294 Mortgage — Legacy 2,511 95 2,606 2,667 89 2,756 Total consumer mortgage 10,832 105 10,937 10,951 99 11,050 Total consumer $ 75,922 $ 678 $ 76,600 $ 76,146 $ 697 $ 76,843 The following table presents pass and criticized credit quality indicators based on regulatory definitions for our commercial finance receivables and loans recorded at gross carrying value. March 31, 2017 December 31, 2016 ($ in millions) Pass Criticized (a) Total Pass Criticized (a) Total Commercial and industrial Automotive $ 32,878 $ 2,033 $ 34,911 $ 33,160 $ 1,881 $ 35,041 Other 2,814 685 3,499 2,597 651 3,248 Commercial real estate — Automotive 3,816 176 3,992 3,653 159 3,812 Total commercial $ 39,508 $ 2,894 $ 42,402 $ 39,410 $ 2,691 $ 42,101 (a) Includes loans classified as special mention, substandard, or doubtful. These classifications are based on regulatory definitions and generally represent loans within our portfolio that have a higher default risk or have already defaulted. Impaired Loans and Troubled Debt Restructurings Impaired Loans Loans are considered impaired when we determine it is probable that we will be unable to collect all amounts due according to the terms of the loan agreement. For more information on our impaired finance receivables and loans, refer to Note 1 to the Consolidated Financial Statements in our 2016 Annual Report on Form 10-K. The following table presents information about our impaired finance receivables and loans. ( $ in millions ) Unpaid principal balance (a) Gross carrying value Impaired with no allowance Impaired with an allowance Allowance for impaired loans March 31, 2017 Consumer automotive $ 422 $ 388 $ 124 $ 264 $ 32 Consumer mortgage Mortgage Finance 8 8 4 4 — Mortgage — Legacy 245 241 56 185 33 Total consumer mortgage 253 249 60 189 33 Total consumer 675 637 184 453 65 Commercial Commercial and industrial Automotive 34 34 7 27 2 Other 98 81 19 62 21 Commercial real estate — Automotive 5 5 — 5 1 Total commercial 137 120 26 94 24 Total consumer and commercial finance receivables and loans $ 812 $ 757 $ 210 $ 547 $ 89 December 31, 2016 Consumer automotive $ 407 $ 370 $ 131 $ 239 $ 28 Consumer mortgage Mortgage Finance 8 8 3 5 — Mortgage — Legacy 243 239 56 183 34 Total consumer mortgage 251 247 59 188 34 Total consumer 658 617 190 427 62 Commercial Commercial and industrial Automotive 33 33 7 26 3 Other 99 84 — 84 19 Commercial real estate — Automotive 5 5 2 3 1 Total commercial 137 122 9 113 23 Total consumer and commercial finance receivables and loans $ 795 $ 739 $ 199 $ 540 $ 85 (a) Adjusted for charge-offs. The following table presents average balance and interest income for our impaired finance receivables and loans. 2017 2016 Three months ended March 31, ($ in millions) Average balance Interest income Average balance Interest income Consumer automotive $ 379 $ 5 $ 326 $ 4 Consumer mortgage Mortgage Finance 8 — 9 — Mortgage — Legacy 241 2 255 2 Total consumer mortgage 249 2 264 2 Total consumer 628 7 590 6 Commercial Commercial and industrial Automotive 33 — 23 — Other 83 — 49 1 Commercial real estate — Automotive 5 — 6 — Total commercial 121 — 78 1 Total consumer and commercial finance receivables and loans $ 749 $ 7 $ 668 $ 7 Troubled Debt Restructurings Troubled Debt Restructurings (TDRs) are loan modifications where concessions were granted to borrowers experiencing financial difficulties. For automotive loans, we may offer several types of assistance to aid our customers, including extension of the loan maturity date and rewriting the loan terms. Additionally, for mortgage loans, as part of certain programs, we offer mortgage loan modifications to qualified borrowers. Numerous initiatives are in place to provide support to our mortgage customers in financial distress, including principal forgiveness, maturity extensions, delinquent interest capitalization, and changes to contractual interest rates. Total TDRs recorded at gross carrying value were $704 million and $663 million at March 31, 2017 , and December 31, 2016 , respectively. Commercial commitments to lend additional funds to borrowers whose terms had been modified in a TDR were $3 million and $2 million at March 31, 2017 , and December 31, 2016 , respectively. Refer to Note 1 to the Consolidated Financial Statements in our 2016 Annual Report on Form 10-K for additional information. The following table presents information related to finance receivables and loans recorded at gross carrying value modified in connection with a TDR during the period. 2017 2016 Three months ended March 31, ($ in millions) Number of loans Pre-modification gross carrying value Post-modification gross carrying value Number of loans Pre-modification gross carrying value Post-modification gross carrying value Consumer automotive 6,447 $ 115 $ 99 5,622 $ 89 $ 76 Consumer mortgage Mortgage Finance 1 — — 1 1 1 Mortgage — Legacy 53 12 12 31 4 4 Total consumer mortgage 54 12 12 32 5 5 Total consumer 6,501 127 111 5,654 94 81 Commercial Commercial and industrial Automotive — — — — — — Other 1 23 23 — — — Commercial real estate — Automotive — — — — — — Total commercial 1 23 23 — — — Total consumer and commercial finance receivables and loans 6,502 $ 150 $ 134 5,654 $ 94 $ 81 The following table presents information about finance receivables and loans recorded at gross carrying value that have redefaulted during the reporting period and were within 12 months or less of being modified as a TDR. Redefault is when finance receivables and loans meet the requirements for evaluation under our charge-off policy (refer to Note 1 to the Consolidated Financial Statements in our 2016 Annual Report on Form 10-K for additional information) except for commercial finance receivables and loans, where redefault is defined as 90 days past due. 2017 2016 Three months ended March 31, ($ in millions) Number of loans Gross carrying value Charge-off amount Number of loans Gross carrying value Charge-off amount Consumer automotive 1,989 $ 24 $ 16 1,800 $ 23 $ 12 Consumer mortgage Mortgage Finance 1 1 — — — — Mortgage — Legacy — — — 1 — — Total consumer finance receivables and loans 1,990 $ 25 $ 16 1,801 $ 23 $ 12 |
Investment in Operating Leases,
Investment in Operating Leases, Net | 3 Months Ended |
Mar. 31, 2017 | |
Leases, Operating [Abstract] | |
Operating Leases of Lessor Disclosure [Text Block] | Investment in Operating Leases, Net Investments in operating leases were as follows. ($ in millions) March 31, 2017 December 31, 2016 Vehicles $ 13,240 $ 14,584 Accumulated depreciation (2,779 ) (3,114 ) Investment in operating leases, net $ 10,461 $ 11,470 Depreciation expense on operating lease assets includes remarketing gains and losses recognized on the sale of operating lease assets. The following summarizes the components of depreciation expense on operating lease assets. Three months ended March 31, ($ in millions) 2017 2016 Depreciation expense on operating lease assets (excluding remarketing gains and losses) $ 386 $ 565 Remarketing losses (gains) 3 (55 ) Net depreciation expense on operating lease assets $ 389 $ 510 |
Securitizations and Variable In
Securitizations and Variable Interest Entities | 3 Months Ended |
Mar. 31, 2017 | |
Securitizations And Variable Interest Entities [Abstract] | |
Variable Interest Entity Disclosure [Text Block] | Securitizations and Variable Interest Entities We are involved in several types of securitization and financing transactions that utilize special-purpose entities (SPEs). A SPE is an entity that is designed to fulfill a specified limited need of the sponsor. Our principal use of SPEs is to obtain liquidity by securitizing certain of our financial assets and operating lease assets. The transaction-specific SPEs involved in our securitization and other financing transactions are often considered VIEs. VIEs are entities that have either a total equity investment at risk that is insufficient to permit the entity to finance its activities without additional subordinated financial support or whose equity investors at risk lack the ability to control the entity's activities. We provide a wide range of consumer and commercial automotive loans, operating leases, and commercial loans to a diverse customer base. We securitize consumer and commercial automotive loans, and operating leases through private-label securitizations. We often securitize these loans and notes secured by operating leases (collectively referred to as financial assets) through the use of securitization entities, which may or may not be consolidated on our Condensed Consolidated Balance Sheet. The pretax gain on sales of financial assets into nonconsolidated consumer automotive securitization trusts was $2 million for the three months ended March 31, 2017 . There was no pretax gain or loss for the three months ended March 31, 2016 . We provide long-term guarantee contracts to investors in certain nonconsolidated affordable housing entities and have extended a line of credit to provide liquidity. Since we do not have control over the entities or the power to make decisions, we do not consolidate the entities and our involvement is limited to the guarantee and the line of credit. We have involvement with various other nonconsolidated equity investments, including affordable housing entities and venture capital funds and loan funds. We do not consolidate these entities and our involvement is limited to our outstanding investment, additional capital committed to these funds plus any previously recognized low income housing tax credits that are subject to recapture. Refer to Note 11 to the Consolidated Financial Statements included in our 2016 Annual Report on Form 10-K for further description of our securitization activities and our involvement with VIEs. The following table presents our involvement in consolidated and nonconsolidated VIEs in which we hold variable interests. For additional detail related to the assets and liabilities of consolidated variable interest entities refer to the Condensed Consolidated Balance Sheet. ($ in millions) Carrying value of total assets Carrying value of total liabilities Assets sold to Maximum exposure to March 31, 2017 On-balance sheet variable interest entities Consumer automotive $ 19,632 (b) $ 8,298 (c) Commercial automotive 14,113 5,109 Off-balance sheet variable interest entities Consumer automotive 79 (d) — $ 3,571 $ 3,650 (e) Commercial other 505 (f) 205 (g) — 695 (h) Total $ 34,329 $ 13,612 $ 3,571 $ 4,345 December 31, 2016 On-balance sheet variable interest entities Consumer automotive $ 20,869 (b) $ 8,557 (c) Commercial automotive 16,278 4,764 Off-balance sheet variable interest entities Consumer automotive 24 (d) — $ 2,899 $ 2,923 (e) Commercial other 460 (f) 169 (g) — 651 (h) Total $ 37,631 $ 13,490 $ 2,899 $ 3,574 (a) Asset values represent the current unpaid principal balance of outstanding consumer finance receivables and loans within the VIEs. (b) Includes $9.2 billion and $9.6 billion of assets that are not encumbered by VIE beneficial interests held by third parties at March 31, 2017 , and December 31, 2016 , respectively. Ally or consolidated affiliates hold the interests in these assets, which eliminate in consolidation. (c) Includes $64 million and $50 million of liabilities due to consolidated affiliates at March 31, 2017 , and December 31, 2016 , respectively. These liabilities are not obligations to third-party beneficial interest holders. These liabilities are secured by a portion of the unencumbered assets and eliminate in consolidation. (d) Includes $52 million classified as held-to-maturity securities and $27 million classified as other assets at March 31, 2017 . Of the total amount at March 31, 2017 , $53 million represents retained notes and certificated residual interests. These assets represent our compliance with the risk retention rules under the Dodd-Frank Act, requiring us to retain at least five percent of the credit risk of the assets underlying asset-backed securitizations , which became effective on December 24, 2016. Amounts at December 31, 2016 , are classified as other assets. (e) Maximum exposure to loss represents the current unpaid principal balance of outstanding loans, retained notes, certificated residual interests, as well as certain noncertificated interests retained from the sale of automotive finance receivables. This measure is based on the very unlikely event that all of our sold loans have defects that would trigger a representation and warranty provision and the underlying collateral supporting the loans becomes worthless. This required disclosure is not an indication of our expected loss. (f) Amounts are classified as other assets. (g) Amounts are classified as accrued expenses and other liabilities. (h) For certain nonconsolidated affordable housing entities, maximum exposure to loss represents the yield we guaranteed investors through long-term guarantee contracts. The amount disclosed is based on the unlikely event that the underlying properties cease generating yield to investors and the yield delivered to investors in the form of low income tax housing credits is recaptured. For nonconsolidated equity investments, maximum exposure to loss represents our outstanding investment, additional committed capital, and low income housing tax credits subject to recapture. The amount disclosed is based on the unlikely event that our committed capital is funded, our investments become worthless, and the tax credits previously delivered to us are recaptured. This required disclosure is not an indication of our expected loss. Cash Flows with Off-balance Sheet Securitization Entities The following table summarizes cash flows received and paid related to securitization entities and asset-backed financings where the transfer is accounted for as a sale and we have a continuing involvement with the transferred assets (e.g., servicing) that were outstanding during the three months ended March 31, 2017 , and 2016 . Additionally, this table contains information regarding cash flows received from and paid to nonconsolidated securitization entities that existed during each period. Three months ended March 31, ($ in millions) Consumer automotive 2017 Cash proceeds from transfers completed during the period $ 1,138 Servicing fees 9 Other cash flows 2 2016 Cash proceeds from transfers completed during the period $ 1,025 Servicing fees 8 Other cash flows 2 Delinquencies and Net Credit Losses The following tables represent on-balance sheet loans held-for-sale and finance receivables and loans, off-balance sheet securitizations, and whole-loan sales where we have continuing involvement. The tables present quantitative information about delinquencies and net credit losses. Total Amount Amount 60 days or more ($ in millions) March 31, 2017 December 31, 2016 March 31, 2017 December 31, 2016 On-balance sheet loans Consumer automotive $ 65,663 $ 65,793 $ 571 $ 730 Consumer mortgage 10,938 11,050 80 85 Commercial automotive 38,903 38,853 6 7 Commercial other 3,499 3,248 — — Total on-balance sheet loans 119,003 118,944 657 822 Off-balance sheet securitization entities Consumer automotive 3,067 2,392 12 13 Total off-balance sheet securitization entities 3,067 2,392 12 13 Whole-loan sales (a) 2,787 3,164 5 6 Total $ 124,857 $ 124,500 $ 674 $ 841 (a) Whole-loan sales are not part of a securitization transaction, but represent consumer automotive pools of loans sold to third-party investors. Net credit losses Three months ended March 31, ($ in millions) 2017 2016 On-balance sheet loans Consumer automotive $ 251 $ 173 Consumer mortgage 2 6 Total on-balance sheet loans 253 179 Off-balance sheet securitization entities Consumer automotive 3 2 Total off-balance sheet securitization entities 3 2 Whole-loan sales (a) 1 — Total $ 257 $ 181 (a) Whole-loan sales are not part of a securitization transaction, but represent consumer automotive pools of loans sold to third-party investors. |
Servicing Activities
Servicing Activities | 3 Months Ended |
Mar. 31, 2017 | |
Servicing Asset [Abstract] | |
Servicing Activities [Text Block] | Servicing Activities Automotive Finance Servicing Activities We service consumer automotive contracts. Historically, we have sold a portion of our consumer automotive contracts. With respect to contracts we sell, we generally retain the right to service and earn a servicing fee for our servicing function. We have concluded that the fee we are paid for servicing consumer automotive finance receivables represents adequate compensation, and consequently, we do not recognize a servicing asset or liability. We recognized automotive servicing fee income of $16 million and $13 million during the three months ended March 31, 2017 , and 2016 , respectively. Automotive Finance Serviced Assets The current unpaid principal balance and any related unamortized deferred fees and costs of total serviced automotive finance loans and leases outstanding were as follows. ($ in millions) March 31, 2017 December 31, 2016 On-balance sheet automotive finance loans and leases Consumer automotive $ 65,464 $ 65,646 Commercial automotive 38,903 38,853 Operating leases 10,332 11,311 Other 67 67 Off-balance sheet automotive finance loans Securitizations 3,103 2,412 Whole-loan 2,824 3,191 Total serviced automotive finance loans and leases $ 120,693 $ 121,480 |
Other Assets
Other Assets | 3 Months Ended |
Mar. 31, 2017 | |
Other Assets [Abstract] | |
Other Assets Disclosure [Text Block] | Other Assets The components of other assets were as follows. ($ in millions) March 31, 2017 December 31, 2016 Property and equipment at cost $ 939 $ 901 Accumulated depreciation (542 ) (525 ) Net property and equipment 397 376 Restricted cash collections for securitization trusts (a) 1,359 1,694 Net deferred tax assets 900 994 Nonmarketable equity investments (b) 833 1,046 Accrued interest and rent receivables 457 476 Goodwill (c) 240 240 Other accounts receivable 165 100 Cash reserve deposits held-for-securitization trusts (d) 164 184 Cash collateral placed with counterparties 119 167 Restricted cash and cash equivalents 111 111 Fair value of derivative contracts in receivable position (e) 80 95 Other assets 1,309 1,371 Total other assets $ 6,134 $ 6,854 (a) Represents cash collections from customer payments on securitized receivables. These funds are distributed to investors as payments on the related secured debt. (b) Includes investments in FHLB stock of $359 million and $577 million at March 31, 2017 , and December 31, 2016 , respectively; and Federal Reserve Bank (FRB) stock of $435 million at both March 31, 2017 , and December 31, 2016 . (c) Includes goodwill of $27 million at our Insurance operations at both March 31, 2017 , and December 31, 2016 ; $193 million within Corporate and Other at both March 31, 2017 , and December 31, 2016 ; and $20 million within Automotive Finance operations at both March 31, 2017 , and December 31, 2016 . No changes to the carrying amount of goodwill were recorded during the three months ended March 31, 2017 . (d) Represents credit enhancement in the form of cash reserves for various securitization transactions. (e) For additional information on derivative instruments and hedging activities, refer to Note 19 . |
Deposit Liabilities
Deposit Liabilities | 3 Months Ended |
Mar. 31, 2017 | |
Deposits [Abstract] | |
Deposit Liabilities Disclosures [Text Block] | Deposit Liabilities Deposit liabilities consisted of the following. ( $ in millions ) March 31, 2017 December 31, 2016 Noninterest-bearing deposits $ 102 $ 84 Interest-bearing deposits Savings and money market checking accounts 51,150 46,976 Certificates of deposit 33,148 31,795 Dealer deposits 86 167 Total deposit liabilities $ 84,486 $ 79,022 At March 31, 2017 , and December 31, 2016 , certificates of deposit included $12.2 billion and $12.1 billion , respectively, of certificates of deposit in denominations of $100 thousand or more. At both March 31, 2017 , and December 31, 2016 , certificates of deposit included $3.5 billion in denominations in excess of $250 thousand federal insurance limits. |
Debt
Debt | 3 Months Ended |
Mar. 31, 2017 | |
Debt Disclosure [Abstract] | |
Debt Disclosure [Text Block] | Debt Short-term Borrowings The following table presents the composition of our short-term borrowings portfolio. March 31, 2017 December 31, 2016 ($ in millions) Unsecured Secured (a) Total Unsecured Secured (a) Total Demand notes $ 3,652 $ — $ 3,652 $ 3,622 $ — $ 3,622 Federal Home Loan Bank — 1,850 1,850 — 7,875 7,875 Financial instruments sold under agreements to repurchase — 1,620 1,620 — 1,176 1,176 Other 1,249 (b) — 1,249 — — — Total short-term borrowings $ 4,901 $ 3,470 $ 8,371 $ 3,622 $ 9,051 $ 12,673 (a) Refer to the section below titled Long-term Debt for further details on assets restricted as collateral for payment of the related debt. (b) Balance represents private unsecured committed credit facility and includes debt issuance costs of $1 million as of March 31, 2017 . This debt is scheduled to mature in December 2017. We periodically enter into term repurchase agreements, short-term borrowing agreements in which we sell financial instruments to one or more investors while simultaneously committing to repurchase them at a specified future date, at the stated price plus accrued interest. As of March 31, 2017 , the financial instruments sold under agreement to repurchase consisted of $520 million of mortgage-backed residential securities maturing within the next 30 days , $0 million within 31 to 60 days, and $626 million within 61 to 90 days. For further details refer to Note 7 and Note 22 . Additionally, in December 2016, we sold asset-backed automotive financial instruments, which are our retained interests from certain on-balance sheet securitizations, subject to a repurchase agreement set to mature by July 2017 in exchange for $500 million , which was recorded as a short-term secured borrowing. As of March 31, 2017, the balance was $474 million . The asset-backed automotive financial instruments that we sold subject to the repurchase agreement are secured by finance receivables that we have securitized. Refer to Note 10 for additional information on our securitization activities. The primary risk associated with these repurchase agreements is that the counterparty will be unable to perform under the terms of the contract. As the borrower, we are exposed to the excess market value of the securities pledged over the amount borrowed. Daily mark-to-market collateral management is designed to limit this risk to the initial margin. However, should a counterparty declare bankruptcy or become insolvent, we may incur additional delays and costs. As of March 31, 2017 , we received cash collateral totaling $1 million and we placed cash collateral totaling $5 million with counterparties under these collateral arrangements associated with our repurchase agreements. Long-term Debt The following table presents the composition of our long-term debt portfolio. March 31, 2017 December 31, 2016 ($ in millions) Unsecured Secured Total Unsecured Secured Total Long-term debt Due within one year $ 2,329 $ 9,048 $ 11,377 $ 4,274 $ 10,279 $ 14,553 Due after one year (a) 14,893 24,492 39,385 15,450 23,810 39,260 Fair value adjustment (b) 308 (9 ) 299 326 (11 ) 315 Total long-term debt (c) $ 17,530 $ 33,531 $ 51,061 $ 20,050 $ 34,078 $ 54,128 (a) Includes $2.6 billion of trust preferred securities at both March 31, 2017, and December 31, 2016. (b) Represents the fair value adjustment associated with the application of hedge accounting on certain of our long-term debt positions. Refer to Note 19 for additional information. (c) Includes advances from the FHLB of Pittsburgh of $6.1 billion at both March 31, 2017, and December 31, 2016. The following table presents the scheduled remaining maturity of long-term debt at March 31, 2017 , assuming no early redemptions will occur. The actual payment of secured debt may vary based on the payment activity of the related pledged assets. ($ in millions) 2017 2018 2019 2020 2021 2022 and thereafter Fair value adjustment Total Unsecured Long-term debt $ 1,811 $ 3,700 $ 1,681 $ 2,236 $ 638 $ 8,460 $ 308 $ 18,834 Original issue discount (69 ) (101 ) (39 ) (39 ) (42 ) (1,014 ) — (1,304 ) Total unsecured 1,742 3,599 1,642 2,197 596 7,446 308 17,530 Secured Long-term debt 7,575 8,534 8,080 5,175 2,558 1,618 (9 ) 33,531 Total long-term debt $ 9,317 $ 12,133 $ 9,722 $ 7,372 $ 3,154 $ 9,064 $ 299 $ 51,061 The following summarizes assets restricted as collateral for the payment of the related debt obligation primarily arising from securitization transactions accounted for as secured borrowings and repurchase agreements. March 31, 2017 December 31, 2016 ($ in millions) Total (a) Ally Bank Total (a) Ally Bank Investment securities (b) $ 3,175 $ 1,978 $ 4,895 $ 4,231 Mortgage assets held-for-investment and lending receivables 10,847 10,847 10,954 10,954 Consumer automotive finance receivables (b) 26,420 4,523 27,846 5,751 Commercial automotive finance receivables 17,901 17,709 19,487 19,280 Investment in operating leases, net 1,412 314 2,040 913 Total assets restricted as collateral (c) (d) $ 59,755 $ 35,371 $ 65,222 $ 41,129 Secured debt $ 37,001 (e) $ 15,120 $ 43,129 (e) $ 22,149 (a) Ally Bank is a component of the total column. (b) A portion of the restricted investment securities and consumer automotive finance receivables are restricted under repurchase agreements. Refer to the section above titled Short-term Borrowings for information on the repurchase agreements. (c) Ally Bank has an advance agreement with the FHLB, and had assets pledged to secure borrowings that were restricted as collateral to the FHLB totaling $16.8 billion and $19.0 billion at March 31, 2017 , and December 31, 2016 , respectively. These assets were composed primarily of consumer mortgage finance receivables and loans and investment securities. Ally Bank has access to the Federal Reserve Bank Discount Window. Ally Bank had assets pledged and restricted as collateral to the Federal Reserve Bank totaling $2.3 billion and $2.4 billion at March 31, 2017 , and December 31, 2016 , respectively. These assets were composed of consumer automotive finance receivables and loans and operating lease assets. Availability under these programs is only for the operations of Ally Bank and cannot be used to fund the operations or liabilities of Ally or its subsidiaries. (d) Excludes restricted cash and cash reserves for securitization trusts recorded within other assets on the Condensed Consolidated Balance Sheet . Refer to Note 12 for additional information. (e) Includes $3.5 billion and $9.1 billion of short-term borrowings at March 31, 2017 , and December 31, 2016 , respectively. Trust Preferred Securities At March 31, 2017 , we have issued and outstanding approximately $2.6 billion in aggregate liquidation preference of 8.125% Fixed Rate / Floating Rate Trust Preferred Securities, Series 2 (Series 2 TRUPS). Each Series 2 TRUPS security has a liquidation amount of $25. Distributions are cumulative and are payable until redemption at the applicable coupon rate. Distributions were payable at an annual rate of 8.125% payable quarterly in arrears, through but excluding February 15, 2016. From and including February 15, 2016, to but excluding February 15, 2040, distributions will be payable at an annual rate equal to three-month London interbank offer rate plus 5.785% payable quarterly in arrears, beginning May 15, 2016. Ally has the right to defer payments of interest for a period not exceeding 20 consecutive quarters. The Series 2 TRUPS have no stated maturity date, but must be redeemed upon the redemption or maturity of the related debentures (Debentures), which mature on February 15, 2040. Ally at any time on or after February 15, 2016, may redeem the Series 2 TRUPS at a redemption price equal to 100% of the principal amount being redeemed, plus accrued and unpaid interest through the date of redemption. The Series 2 TRUPS are generally nonvoting, other than with respect to certain limited matters. During any period in which any Series 2 TRUPS remain outstanding but in which distributions on the Series 2 TRUPS have not been fully paid, none of Ally or its subsidiaries will be permitted to (i) declare or pay dividends on, make any distributions with respect to, or redeem, purchase, acquire or otherwise make a liquidation payment with respect to, any of Ally’s capital stock or make any guarantee payment with respect thereto; or (ii) make any payments of principal, interest, or premium on, or repay, repurchase or redeem, any debt securities or guarantees that rank on a parity with or junior in interest to the Debentures with certain specified exceptions in each case. Funding Facilities We utilize both committed credit facilities and other collateralized funding vehicles. The debt outstanding under our various funding facilities is included on our Condensed Consolidated Balance Sheet . As of March 31, 2017 , Ally Bank had exclusive access to $2.4 billion of funding capacity from committed credit facilities. Funding programs supported by the Federal Reserve and the FHLB, together with repurchase agreements, complement Ally Bank’s private collateralized funding vehicles. The total capacity in our committed funding facilities is provided by banks through private transactions. The committed secured funding facilities can be revolving in nature and allow for additional funding during the commitment period, or they can be amortizing and not allow for any further funding after the closing date. At March 31, 2017 , $15.6 billion of our $16.4 billion of committed capacity was revolving. Our revolving facilities generally have an original tenor ranging from 364 days to two years. As of March 31, 2017 , we had $3.1 billion of committed funding capacity from revolving facilities with a remaining tenor greater than 364 days. Committed Funding Facilities Outstanding Unused capacity (a) Total capacity ($ in millions) March 31, 2017 December 31, 2016 March 31, 2017 December 31, 2016 March 31, 2017 December 31, 2016 Bank funding Secured (b) $ 2,050 $ 3,250 $ 350 $ 350 $ 2,400 $ 3,600 Parent funding Secured 12,123 11,550 652 1,975 12,775 13,525 Unsecured 1,250 — — 1,250 1,250 1,250 Total committed facilities $ 15,423 $ 14,800 $ 1,002 $ 3,575 $ 16,425 $ 18,375 (a) Funding from committed secured facilities is available on request in the event excess collateral resides in certain facilities or is available to the extent incremental collateral is available and contributed to the facilities. (b) Excludes off-balance sheet credit facility amounts. |
Accrued Expenses and Other Liab
Accrued Expenses and Other Liabilities | 3 Months Ended |
Mar. 31, 2017 | |
Accounts Payable and Accrued Liabilities [Abstract] | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | Accrued Expenses and Other Liabilities The components of accrued expenses and other liabilities were as follows. ( $ in millions ) March 31, 2017 December 31, 2016 Accounts payable $ 851 $ 649 Reserves for insurance losses and loss adjustment expenses 175 149 Employee compensation and benefits 156 232 Fair value of derivative contracts in payable position (a) 81 95 Deferred revenue 47 56 Cash collateral received from counterparties 12 10 Other liabilities 600 546 Total accrued expenses and other liabilities $ 1,922 $ 1,737 (a) For additional information on derivative instruments and hedging activities, refer to Note 19 . |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Loss | 3 Months Ended |
Mar. 31, 2017 | |
Accumulated Other Comprehensive Income (Loss) [Abstract] | |
Comprehensive Income (Loss) Note [Text Block] | Accumulated Other Comprehensive Loss The following table presents changes, net of tax, in each component of accumulated other comprehensive loss. ($ in millions) Unrealized (losses) gains on investment securities (a) Translation adjustments and net investment hedges (b) Cash flow hedges (b) Defined benefit pension plans Accumulated other comprehensive loss Balance at December 31, 2015 $ (159 ) $ 9 $ 8 $ (89 ) $ (231 ) 2016 net change 142 5 — (1 ) 146 Balance at March 31, 2016 $ (17 ) $ 14 $ 8 $ (90 ) $ (85 ) Balance at December 31, 2016 $ (273 ) $ 14 $ 8 $ (90 ) $ (341 ) 2017 net change 21 — — (1 ) 20 Balance at March 31, 2017 $ (252 ) $ 14 $ 8 $ (91 ) $ (321 ) (a) Represents the after-tax difference between the fair value and amortized cost of our available-for-sale securities portfolio. (b) For additional information on derivative instruments and hedging activities, refer to Note 19 . The following tables present the before- and after-tax changes in each component of accumulated other comprehensive loss. Three months ended March 31, 2017 ($ in millions) Before tax Tax effect After tax Investment securities Net unrealized gains arising during the period $ 51 $ (5 ) $ 46 Less: Net realized gains reclassified to income from continuing operations 27 (a) (2 ) (b) 25 Net change 24 (3 ) 21 Translation adjustments Net unrealized gains arising during the period 2 (1 ) 1 Net investment hedges (c) Net unrealized losses arising during the period (2 ) 1 (1 ) Defined benefit pension plans Net unrealized losses arising during the period (1 ) — (1 ) Other comprehensive income $ 23 $ (3 ) $ 20 (a) Includes gains reclassified to other gain on investments, net in our Condensed Consolidated Statement of Comprehensive Income . (b) Includes amounts reclassified to income tax expense from continuing operations in our Condensed Consolidated Statement of Comprehensive Income . (c) For additional information on derivative instruments and hedging activities, refer to Note 19 . Three months ended March 31, 2016 ($ in millions) Before tax Tax effect After tax Investment securities Net unrealized gains arising during the period $ 280 $ (104 ) $ 176 Less: Net realized gains reclassified to income from continuing operations 54 (a) (20 ) (b) 34 Net change 226 (84 ) 142 Translation adjustments Net unrealized gains arising during the period 13 (5 ) 8 Net investment hedges (c) Net unrealized losses arising during the period (6 ) 3 (3 ) Defined benefit pension plans Net unrealized losses arising during the period (1 ) — (1 ) Other comprehensive income $ 232 $ (86 ) $ 146 (a) Includes gains reclassified to other gain on investments, net in our Condensed Consolidated Statement of Comprehensive Income . (b) Includes amounts reclassified to income tax expense from continuing operations in our Condensed Consolidated Statement of Comprehensive Income . (c) For additional information on derivative instruments and hedging activities, refer to Note 19 . |
Earnings per Common Share
Earnings per Common Share | 3 Months Ended |
Mar. 31, 2017 | |
Earnings Per Share [Abstract] | |
Earnings Per Share [Text Block] | Earnings per Common Share The following table presents the calculation of basic and diluted earnings per common share. Three months ended March 31, ( $ in millions, except per share data; shares in thousands ) (a) 2017 2016 Net income from continuing operations $ 213 $ 247 Preferred stock dividends — (15 ) Net income from continuing operations attributable to common shareholders 213 232 Income from discontinued operations, net of tax 1 3 Net income attributable to common shareholders $ 214 $ 235 Basic weighted-average common shares outstanding (b) 465,961 484,233 Diluted weighted-average common shares outstanding (b) 466,829 484,654 Basic earnings per common share Net income from continuing operations $ 0.46 $ 0.48 Income from discontinued operations, net of tax — 0.01 Net income $ 0.46 $ 0.49 Diluted earnings per common share Net income from continuing operations $ 0.46 $ 0.48 Income from discontinued operations, net of tax — 0.01 Net income $ 0.46 $ 0.49 (a) Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers. (b) Includes shares related to share-based compensation that vested but were not yet issued for the three months ended March 31, 2017 , and 2016 , respectively. |
Regulatory Capital and Other Re
Regulatory Capital and Other Regulatory Matters | 3 Months Ended |
Mar. 31, 2017 | |
Regulatory Capital Requirements [Abstract] | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | Regulatory Capital and Other Regulatory Matters As a BHC, we and our wholly-owned state-chartered banking subsidiary, Ally Bank, are subject to capital requirements issued by U.S. banking regulators that require us to maintain risk-based and leverage capital ratios above minimum levels. A risk-based capital ratio is a ratio of a banking organization’s regulatory capital to its risk-weighted assets. A leverage capital ratio is a ratio of a banking organization’s regulatory capital to a measure of assets or exposures that is not risk-weighted. As of January 1, 2015, Ally and Ally Bank became subject to the rules implementing the 2010 Basel III capital framework in the United States (U.S. Basel III), which generally reflects higher capital requirements, capital buffers, and changes to regulatory capital definitions, deductions and adjustments, relative to the predecessor requirements implementing the Basel I capital framework in the United States. Certain aspects of U.S. Basel III, including the capital buffers and certain regulatory capital deductions, will be phased in over several years. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary action by regulators that, if undertaken, could have a direct material effect on the Condensed Consolidated Financial Statements or the results of operations and financial condition of Ally and Ally Bank. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, we and Ally Bank must meet specific capital guidelines that involve quantitative measures of capital, assets and certain off-balance sheet items. These measures and related classifications, which are used in the calculation of our risk-based and leverage capital ratios and those of Ally Bank, are also subject to qualitative judgments by the regulators about the components of capital, the risk-weightings of assets and other exposures, and other factors. The FRB also uses these ratios and guidelines as part of the capital planning and stress testing processes. In addition, in order for Ally to maintain its status as a FHC, Ally and its bank subsidiary, Ally Bank, must remain “well-capitalized” and “well-managed,” as defined under applicable laws. The “well-capitalized” standard for insured depository institutions, such as Ally Bank, reflects the capital requirements under U.S. Basel III. Under U.S. Basel III, Ally must maintain a minimum Common Equity Tier 1 risk-based capital ratio of 4.5% , a minimum Tier 1 risk-based capital ratio of 6% , and a minimum Total risk-based capital ratio of 8% . In addition to these minimum requirements, Ally is also subject to a Common Equity Tier 1 capital conservation buffer of more than 2.5% , subject to a phase-in period from January 1, 2016, through December 31, 2018. Failure to maintain the full amount of the buffer will result in restrictions on Ally’s ability to make capital distributions, including dividend payment and stock repurchases and redemptions, and to pay discretionary bonuses to executive officers. In addition to these new risk-based capital standards, U.S. Basel III subjects all U.S. banking organizations, including Ally, to a minimum Tier 1 leverage ratio of 4% , the denominator of which takes into account only on-balance sheet assets. U.S. Basel III also revised the eligibility criteria for regulatory capital instruments and provides for the phase-out of instruments that had previously been recognized as capital but that do not satisfy these criteria. Subject to certain exceptions (e.g., for certain debt or equity issued to the U.S. government under the Emergency Economic Stabilization Act), trust preferred and other “hybrid” securities are no longer included in a BHC's Tier 1 capital as of January 1, 2016. Also, subject to a phase-in schedule, certain items are deducted from Common Equity Tier 1 capital that had not previously been deducted from regulatory capital, and certain other deductions from regulatory capital have been modified. Among other things, U.S. Basel III requires significant investments in the common shares of unconsolidated financial institutions, mortgage servicing rights, and certain deferred tax assets that exceed specified individual and aggregate thresholds to be deducted from Common Equity Tier 1 capital. U.S. Basel III also revised the standardized approach for calculating risk-weighted assets by, among other things, modifying certain risk weights and the methods for calculating risk-weighted assets for certain types of assets and exposures. Ally is subject to the U.S. Basel III standardized approach for credit risk. It is not subject to the U.S. Basel III advanced approaches for credit risk. Ally is currently not subject to the U.S. market risk capital rule, which applies only to banking organizations with significant trading assets and liabilities. On March 7, 2016, Ally Bank received approval from the Federal Reserve to become a state member bank. Ally Bank is now regulated by the FRB through the Federal Reserve Bank of Chicago, as well as the Utah Department of Financial Institutions (UDFI). In addition, in connection with the application for membership in the Federal Reserve System, Ally Bank made commitments to the FRB relating to capital, liquidity, and business plan requirements. These commitments are consistent with the prior requirements under the now-terminated Capital and Liquidity Maintenance Agreement with the Federal Deposit Insurance Corporation (FDIC), including the requirement to maintain capital at a level such that Ally Bank’s Tier 1 leverage ratio is at least 15% . For this purpose, the Tier 1 leverage ratio is determined in accordance with the FRB's regulations related to capital adequacy. As a requirement of Federal Reserve membership, we held $435 million of FRB stock at March 31, 2017 . Compliance with capital requirements is a strategic priority for Ally. We expect to be in compliance with all applicable requirements within the established timeframes. The following table summarizes our capital ratios under the U.S. Basel III capital framework. March 31, 2017 December 31, 2016 Required Well-capitalized ( $ in millions ) Amount Ratio Amount Ratio Capital ratios Common Equity Tier 1 (to risk-weighted assets) Ally Financial Inc. $ 12,923 9.40 % $ 12,978 9.37 % 4.50 % (a) Ally Bank 18,562 17.74 17,888 16.70 4.50 6.50 % Tier 1 (to risk-weighted assets) Ally Financial Inc. $ 15,245 11.09 % $ 15,147 10.93 % 6.00 % 6.00 % Ally Bank 18,562 17.74 17,888 16.70 6.00 8.00 Total (to risk-weighted assets) Ally Financial Inc. $ 17,459 12.70 % $ 17,419 12.57 % 8.00 % 10.00 % Ally Bank 19,167 18.32 18,458 17.24 8.00 10.00 Tier 1 leverage (to adjusted quarterly average assets) (b) Ally Financial Inc. $ 15,245 9.51 % $ 15,147 9.54 % 4.00 % (a) Ally Bank 18,562 15.38 17,888 15.21 15.00 (c) 5.00 % (a) Currently, there is no ratio component for determining whether a BHC is "well-capitalized." (b) Federal regulatory reporting guidelines require the calculation of adjusted quarterly average assets using a daily average methodology. (c) Ally Bank has committed to the FRB to maintain a Tier 1 leverage ratio of at least 15% . At March 31, 2017 , Ally and Ally Bank were “well-capitalized” and met all capital requirements to which each was subject. Capital Planning and Stress Tests As a BHC with $50 billion or more of consolidated assets, Ally is required to conduct semi-annual company-run stress tests, is subject to an annual supervisory stress test conducted by the FRB, and must submit an annual capital plan to the FRB. Ally’s capital plan must include a description of all planned capital actions over a nine-quarter planning horizon. The capital plan must also include a discussion of how Ally will maintain capital above the minimum regulatory capital ratios under baseline, adverse, and severely adverse economic scenarios, and serve as a source of strength to Ally Bank. The FRB must approve Ally's capital plan before Ally may take any capital action. Even with an approved capital plan, Ally must seek the approval of the FRB before making a capital distribution if, among other factors, Ally would not meet its regulatory capital requirements after making the proposed capital distribution. As part of the 2016 Comprehensive Capital Analysis and Review (CCAR) process, we received approval for capital actions including a quarterly cash dividend of $0.08 per share of our common stock, subject to quarterly approval by the Board of Directors, and the ability to repurchase up to $700 million of our common stock from time to time through the second quarter of 2017. Our first common stock dividend was paid during the third quarter of 2016 and we paid a cash dividend of $0.08 per share on our common stock during each subsequent quarter. On April 14, 2017 , the Ally Board of Directors declared a quarterly cash dividend payment of $0.08 per share on all common stock. Refer to Note 26 for further information regarding this common share dividend. Additionally, the Ally Board of Directors authorized a common stock repurchase program of up to $700 million beginning in the third quarter of 2016 and continuing through the second quarter of 2017. Under this program, we have repurchased $495 million , or 25,140,190 shares of common stock, which reduced total shares by approximately 5.2% since inception. At March 31, 2017 , we had 462,193,424 shares of common stock outstanding. Ally submitted its 2017 capital plan on April 5, 2017, with capital actions including distributions to common shareholders through share repurchases and cash dividends. Our ability to make capital distributions, including our ability to pay dividends or repurchase shares of our common stock, will continue to be subject to the FRB’s review of and non-objection to the actions that we propose each year in our annual capital plan. We expect to receive the FRB’s response (either a non-objection or objection) to the capital plan submitted by June 30, 2017. In January 2017, the FRB finalized a rule amending the capital planning and stress testing rules, effective for the 2017 cycle. The final rule, among other things, revised the capital plan rule to no longer subject large and noncomplex firms, including Ally, to the provisions of the rule whereby the FRB may object to a capital plan on the basis of qualitative deficiencies in the firm’s capital planning process. Under the final rule, the qualitative assessment of Ally’s capital plan is conducted outside of the CCAR process, through the supervisory review process, and Ally’s reporting requirements have been modified to reduce certain reporting burdens related to capital planning and stress testing. The final rule also decreased the de minimis threshold for the amount of capital that Ally could distribute to shareholders outside of an approved capital plan without seeking prior approval of the FRB. |
Derivative Instruments and Hedg
Derivative Instruments and Hedging Activities | 3 Months Ended |
Mar. 31, 2017 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | Derivative Instruments and Hedging Activities We enter into interest rate, foreign-currency, and equity swaps, futures, forwards, options, and swaptions in connection with our market risk management activities. Derivative instruments are used to manage interest rate risk relating to specific groups of assets and liabilities, including automotive loan assets and debt. We use foreign exchange contracts to mitigate foreign-currency risk associated with foreign-currency-denominated debt, foreign exchange transactions, and our net investment in foreign subsidiaries. In addition, we also enter into equity option contracts to manage our exposure to the equity markets. Our primary objective for utilizing derivative financial instruments is to manage interest rate risk associated with our fixed- and variable-rate assets and liabilities, foreign exchange risks related to our foreign-currency denominated assets and liabilities, and market risks related to our investment portfolio and certain of our executive share-based compensation plans. Interest Rate Risk We monitor our mix of fixed- and variable-rate assets and liabilities. We may enter into interest rate swaps, forwards, futures, options, and swaptions to achieve our desired mix of fixed- and variable-rate assets and liabilities. We execute interest rate swaps, forwards, futures, options, and swaptions to modify our exposure to interest rate risk by converting certain fixed-rate instruments to a variable-rate and certain variable-rate instruments to a fixed-rate. We use a mix of both derivatives that qualify for hedge accounting treatment and economic hedges. Derivatives qualifying for hedge accounting consist of receive-fixed swaps designated as fair value hedges of specific fixed-rate unsecured debt obligations, receive-fixed swaps designated as fair value hedges of specific fixed-rate FHLB advances and pay-fixed swaps designated as fair value hedges of specific portfolios of fixed-rate held-for-investment retail automotive loan assets. We also execute economic hedges, which consist of interest rate swaps and interest rate caps held to mitigate interest rate risk associated with our debt portfolio. We also use interest rate swaps to economically hedge our net fixed-versus-variable interest rate exposure. We enter into economic hedges in the form of short-dated, exchange-traded Eurodollar futures to hedge the interest rate exposure of our fixed-rate automotive loans, as well as forwards, options, and swaptions to economically hedge our net fixed-versus-variable interest rate exposure. Foreign Exchange Risk We enter into derivative financial instrument contracts to mitigate the risk associated with variability in cash flows related to our various foreign-currency exposures. We enter into foreign-currency forwards with external counterparties as net investment hedges of foreign exchange exposure on our investments in foreign subsidiaries. Our equity is impacted by the cumulative translation adjustments resulting from the translation of foreign subsidiary results; this impact is reflected in our accumulated other comprehensive loss. We also periodically enter into foreign-currency forwards to economically hedge our foreign-denominated debt, our centralized lending program, and foreign-denominated third-party loans. These forward currency forwards that are used as economic hedges are recorded at fair value with changes recorded as income offsetting the gains and losses on the associated foreign-currency transactions. Market Risk We enter into equity options to economically hedge our exposure to the equity markets. We purchase options to assume a long position on certain equities and write options to assume a short position. Counterparty Credit Risk Derivative financial instruments contain an element of credit risk if counterparties are unable to meet the terms of the agreements. Credit risk associated with derivative financial instruments is measured as the net replacement cost should the counterparties that owe us under the contract completely fail to perform under the terms of those contracts, assuming no recoveries of underlying collateral as measured by the market value of the derivative financial instrument. To mitigate the risk of counterparty default, we maintain collateral agreements with certain counterparties. The agreements generally require both parties to post collateral in the event the fair values of the derivative financial instruments meet posting thresholds established under the agreements. In the event that either party defaults on the obligation, the secured party may seize the collateral. Generally, our collateral arrangements are bilateral such that we and the counterparty post collateral for the value of our total obligation to each other. Contractual terms provide for standard and customary exchange of collateral based on changes in the market value of the outstanding derivatives. The securing party posts additional collateral when their obligation rises or removes collateral when it falls. Certain derivative instruments contain provisions that require us to either post additional collateral or immediately settle any outstanding liability balances upon the occurrence of a specified credit risk-related event. No such specified credit risk related events occurred during the first quarter of 2017 or 2016. We placed cash collateral totaling $115 million and securities collateral totaling $59 million at March 31, 2017 , and $122 million and $72 million at December 31, 2016 , respectively, in accounts maintained by counterparties. This amount primarily relates to collateral posted to support our derivative positions. This amount also excludes cash and securities pledged as collateral under repurchase agreements. At March 31, 2017 , and December 31, 2016 , we placed cash collateral totaling $5 million and $45 million , respectively, with counterparties under collateral arrangements associated with repurchase agreements. Refer to Note 14 for details on the repurchase agreements. The receivables for cash collateral placed are included in our Condensed Consolidated Balance Sheet in other assets. We received cash collateral from counterparties totaling $12 million and $10 million at March 31, 2017, and December 31, 2016, respectively, primarily to support these derivative positions. This amount also excludes cash and securities pledged as collateral under repurchase agreements. At March 31, 2017, we received cash collateral totaling $1 million from counterparties under collateral arrangements associated with repurchase agreements. Refer to Note 14 for details on the repurchase agreements. The payables for cash collateral received are included on our Condensed Consolidated Balance Sheet in accrued expenses and other liabilities. In certain circumstances, we receive or post securities as collateral with counterparties. We do not record collateral received on our Condensed Consolidated Balance Sheet unless certain conditions are met. At March 31, 2017 , and December 31, 2016 , we received noncash collateral of $6 million . Included in these amounts is noncash collateral where we have been granted the right to sell or pledge the underlying assets. We have not sold or pledged any of the noncash collateral received under these agreements. Balance Sheet Presentation The following table summarizes the fair value amounts of derivative instruments reported on our Condensed Consolidated Balance Sheet . The fair value amounts are presented on a gross basis, are segregated by derivatives that are designated and qualifying as hedging instruments or those that are not, and are further segregated by type of contract within those two categories. Notional amounts are reference amounts from which contractual obligations are derived and are not recorded on the balance sheet. In our view, derivative notional is not an accurate measure of our derivative exposure when viewed in isolation from other factors, such as market rate fluctuations and counterparty credit risk. March 31, 2017 December 31, 2016 Derivative contracts in a Notional Derivative contracts in a Notional ($ in millions) receivable payable receivable payable Derivatives designated as accounting hedges Interest rate contracts Swaps (c) (d) (e) $ 18 $ 17 $ 3,939 $ 19 $ 21 $ 4,731 Foreign exchange contracts Forwards — 1 150 1 — 171 Total derivatives designated as accounting hedges 18 18 4,089 20 21 4,902 Derivatives not designated as accounting hedges Interest rate contracts Swaps — — 43 — — 137 Futures and forwards — — 25 — — — Written options — 62 13,432 — 73 14,518 Purchased options 62 — 13,407 73 — 14,517 Total interest rate risk 62 62 26,907 73 73 29,172 Foreign exchange contracts Futures and forwards — 1 94 1 — 92 Total foreign exchange risk — 1 94 1 — 92 Equity contracts Written options — — — — 1 — Purchased options — — — 1 — — Total equity risk — — — 1 1 — Total derivatives not designated as accounting hedges 62 63 27,001 75 74 29,264 Total derivatives $ 80 $ 81 $ 31,090 $ 95 $ 95 $ 34,166 (a) Derivative contracts in a receivable position are classified as other assets on the Condensed Consolidated Balance Sheet , and include accrued interest of $3 million and $7 million at March 31, 2017 , and December 31, 2016 , respectively. (b) Derivative contracts in a liability position are classified as accrued expenses and other liabilities on the Condensed Consolidated Balance Sheet , and include accrued interest of $0 million and $1 million at March 31, 2017 , and December 31, 2016 , respectively. (c) Includes fair value hedges consisting of receive-fixed swaps on fixed-rate unsecured debt obligations with $11 million and $8 million in a receivable position, $18 million and $14 million in a payable position, and a $2.6 billion and $1.7 billion notional amount at March 31, 2017 , and December 31, 2016 , respectively. The hedge notional amount of $2.6 billion at March 31, 2017 , is associated with debt maturing in approximately five or more years. (d) Includes fair value hedges consisting of receive-fixed swaps on fixed-rate secured debt obligations (FHLB advances) with $0 million and $0 million in a receivable position, $0 million and $7 million in a payable position, and a $0 million and $240 million notional amount at March 31, 2017 , and December 31, 2016 , respectively. (e) Other fair value hedges include pay-fixed swaps on portfolios of held-for-investment automotive loan assets with $7 million and $10 million in a receivable position, $0 million and $1 million in a payable position, and a $1.4 billion and $2.8 billion notional amount at March 31, 2017 , and December 31, 2016 , respectively. Statement of Comprehensive Income Presentation The following table summarizes the location and amounts of gains and losses on derivative instruments reported in our Condensed Consolidated Statement of Comprehensive Income . Three months ended March 31, ( $ in millions ) 2017 2016 Derivatives qualifying for hedge accounting Gain (loss) recognized in earnings on derivatives Interest rate contracts Interest and fees on finance receivables and loans (a) $ 2 $ (28 ) Interest on long-term debt (b) (c) 4 191 (Loss) gain recognized in earnings on hedged items Interest rate contracts Interest and fees on finance receivables and loans (d) (4 ) 28 Interest on long-term debt (e) (f) (3 ) (196 ) Total derivatives qualifying for hedge accounting (1 ) (5 ) Derivatives not designated as accounting hedges (Loss) gain recognized in earnings on derivatives Interest rate contracts Other income, net of losses (2 ) 2 Total interest rate contracts (2 ) 2 Foreign exchange contracts (g) Interest on long-term debt — (1 ) Other income, net of losses (1 ) (4 ) Total foreign exchange contracts (1 ) (5 ) Equity contracts Compensation and benefits expense — (1 ) Total equity contracts — (1 ) Loss recognized in earnings on derivatives $ (4 ) $ (9 ) (a) Amounts exclude losses related to interest for qualifying accounting hedges of retail automotive loans held-for-investment, which are primarily offset by the fixed coupon payments of the loans. The losses were $1 million and $7 million for the three months ended March 31, 2017 , and 2016 , respectively. (b) Amounts exclude gains related to interest for qualifying accounting hedges of unsecured debt, which are primarily offset by the fixed coupon payment on the long-term debt. The gains were $5 million and $16 million for the three months ended March 31, 2017 , and 2016 , respectively. (c) Amounts exclude gains related to interest for qualifying accounting hedges of secured debt (FHLB advances), which are primarily offset by the fixed coupon payment on the long-term debt. The gains were $0 million and $1 million for the three months ended March 31, 2017 , and 2016 , respectively. (d) Amounts exclude losses related to amortization of deferred loan basis adjustments on the de-designated hedged item of $5 million for both the three months ended March 31, 2017 , and 2016 . (e) Amounts exclude gains related to amortization of deferred debt basis adjustments on the de-designated hedged item of $20 million and $18 million for the three months ended March 31, 2017 , and 2016 , respectively. (f) Amounts exclude losses related to amortization of deferred debt basis adjustments (FHLB advances) on the de-designated hedge item of $1 million and $0 million for the three months ended March 31, 2017, and 2016, respectively. (g) Amounts exclude gains and losses related to the revaluation of the related foreign-denominated debt or receivable. Gains of $1 million and $4 million were recognized for the three months ended March 31, 2017 , and 2016 , respectively. Losses of $2 million and $6 million were recognized in other comprehensive income for the three months ended March 31, 2017, and 2016, respectively. These amounts represent the effective portion of net investment hedges. There are offsetting amounts recognized in accumulated other comprehensive loss related to the revaluation of the related net investment in foreign operations, including the tax impacts of the hedge and related net investment, as disclosed separately in Note 16 . There were gains of $3 million and $11 million for the three months ended March 31, 2017 , and 2016, respectively. |
Income Taxes
Income Taxes | 3 Months Ended |
Mar. 31, 2017 | |
Income Tax Disclosure [Abstract] | |
Income Tax Disclosure [Text Block] | Income Taxes We recognized total income tax expense from continuing operations of $113 million for the three months ended March 31, 2017 , compared to income tax expense of $150 million for the same period in 2016 . The decrease in income tax expense for the three months ended March 31, 2017 , compared to the same period in 2016 , was primarily driven by a decrease in pretax earnings and a tax benefit for the current quarter related to stock compensation and associated movements in our share price. As of each reporting date, we consider existing evidence, both positive and negative, that could impact our view with regard to future realization of deferred tax assets. We continue to believe it is more likely than not that the benefit for capital loss carryforwards, certain foreign tax credits, and state net operating loss carryforwards will not be realized. In recognition of this risk, we continue to provide a full valuation allowance on capital loss carryforwards and a partial valuation allowance on the deferred tax assets relating to foreign tax credits and state net operating loss carryforwards. |
Fair Value
Fair Value | 3 Months Ended |
Mar. 31, 2017 | |
Fair Value Disclosures [Abstract] | |
Fair Value Disclosures [Text Block] | Fair Value Fair Value Measurements For purposes of this disclosure, fair value is defined as the exchange price that would be received to sell an asset or paid to transfer a liability (exit price) in the principal or most advantageous market in an orderly transaction between market participants at the measurement date under current market conditions. Fair value is based on the assumptions we believe market participants would use when pricing an asset or liability. Additionally, entities are required to consider all aspects of nonperformance risk, including the entity’s own credit standing, when measuring the fair value of a liability. GAAP specifies a three-level hierarchy that is used when measuring and disclosing fair value. The fair value hierarchy gives the highest priority to quoted prices available in active markets (i.e., observable inputs) and the lowest priority to data lacking transparency (i.e., unobservable inputs). An instrument’s categorization within the fair value hierarchy is based on the lowest level of significant input to its valuation. The following is a description of the three hierarchy levels. Level 1 Inputs are quoted prices in active markets for identical assets or liabilities at the measurement date. Additionally, the entity must have the ability to access the active market, and the quoted prices cannot be adjusted by the entity. Level 2 Inputs are other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices in active markets for similar assets or liabilities; quoted prices in inactive markets for identical or similar assets or liabilities; or inputs that are observable or can be corroborated by observable market data by correlation or other means for substantially the full term of the assets or liabilities. Level 3 Unobservable inputs are supported by little or no market activity. The unobservable inputs represent management's best assumptions of how market participants would price the assets or liabilities. Generally, Level 3 assets and liabilities are valued using pricing models, discounted cash flow methodologies, or similar techniques that require significant judgment or estimation. Transfers Transfers into or out of any hierarchy level are recognized at the end of the reporting period in which the transfer occurred. There were no transfers between any levels for the three months ended March 31, 2017 . Following are descriptions of the valuation methodologies used to measure material assets and liabilities at fair value and details of the valuation models, key inputs to those models, and significant assumptions utilized. • Available-for-sale securities — All classes of available-for-sale securities are carried at fair value based on observable market prices, when available. If observable market prices are not available, our valuations are based on internally developed discounted cash flow models (an income approach) that use a market-based discount rate and consider recent market transactions, experience with similar securities, current business conditions, and analysis of the underlying collateral, as available. To estimate cash flows, we are required to utilize various significant assumptions including market observable inputs (e.g., forward interest rates) and internally developed inputs (including prepayment speeds, delinquency levels, and credit losses). • Interests retained in financial asset sales — Includes certain noncertificated interests retained from the sale of automotive finance receivables. Due to inactivity in the market, valuations are based on internally developed discounted cash flow models (an income approach) that use a market-based discount rate; therefore, we classified these assets as Level 3. The valuation considers recent market transactions, experience with similar assets, current business conditions, and analysis of the underlying collateral, as available. To estimate cash flows, we utilize various significant assumptions, including market observable inputs (e.g., forward interest rates) and internally developed inputs (e.g., prepayment speeds, delinquency levels, and credit losses). • Derivative instruments — We enter into a variety of derivative financial instruments as part of our risk management strategies. Certain of these derivatives are exchange traded, such as Eurodollar futures, options of Eurodollar futures, and equity options. To determine the fair value of these instruments, we utilize the quoted market prices for the particular derivative contracts; therefore, we classified these contracts as Level 1. We also execute over-the-counter (OTC) and centrally-cleared derivative contracts, such as interest rate swaps, a cross-currency swap, swaptions, foreign-currency denominated forward contracts, prepaid equity forward contracts, caps, floors, and agency to-be-announced securities. For OTC contracts, we utilize third-party-developed valuation models that are widely accepted in the market to value these OTC derivative contracts. The specific terms of the contract and market observable inputs (such as interest rate forward curves, interpolated volatility assumptions, or equity pricing) are used in the model. We classified these OTC derivative contracts as Level 2 because all significant inputs into these models were market observable. For centrally-cleared contracts, we utilize unadjusted prices obtained from the clearing house as the basis for valuation, and they are also classified as Level 2. We did not have any derivative instruments classified as Level 3 as of March 31, 2017 , or December 31, 2016 . We are required to consider all aspects of nonperformance risk, including our own credit standing, when measuring fair value of a liability. We reduce credit risk on the majority of our derivatives by entering into legally enforceable agreements that enable the posting and receiving of collateral associated with the fair value of our derivative positions on an ongoing basis. In the event that we do not enter into legally enforceable agreements that enable the posting and receiving of collateral, we will consider our credit risk and the credit risk of our counterparties in the valuation of derivative instruments through a credit valuation adjustment (CVA), if warranted. The CVA calculation utilizes the credit default swap spreads of the counterparty. Recurring Fair Value The following tables display the assets and liabilities measured at fair value on a recurring basis including financial instruments elected for the fair value option. We often economically hedge the fair value change of our assets or liabilities with derivatives and other financial instruments. The tables below display the hedges separately from the hedged items; therefore, they do not directly display the impact of our risk management activities. Recurring fair value measurements March 31, 2017 ($ in millions) Level 1 Level 2 Level 3 Total Assets Investment securities Available-for-sale securities Debt securities U.S. Treasury $ 2,225 $ — $ — $ 2,225 U.S. States and political subdivisions — 795 — 795 Foreign government 9 137 — 146 Agency mortgage-backed residential — 11,862 — 11,862 Mortgage-backed residential — 1,996 — 1,996 Mortgage-backed commercial — 534 — 534 Asset-backed — 1,051 — 1,051 Corporate debt — 1,255 — 1,255 Total debt securities 2,234 17,630 — 19,864 Equity securities (a) 444 — — 444 Total available-for-sale securities 2,678 17,630 — 20,308 Mortgage loans held-for-sale — — 1 1 Interests retained in financial asset sales — — 31 31 Derivative contracts in a receivable position (b) Interest rate — 80 — 80 Total derivative contracts in a receivable position — 80 — 80 Total assets $ 2,678 $ 17,710 $ 32 $ 20,420 Liabilities Accrued expenses and other liabilities Derivative contracts in a payable position (b) Interest rate $ — $ (80 ) $ — $ (80 ) Foreign currency — (1 ) — (1 ) Total derivative contracts in a payable position — (81 ) — (81 ) Total liabilities $ — $ (81 ) $ — $ (81 ) (a) Our investment in any one industry did not exceed 16% . (b) For additional information on derivative instruments and hedging activities, refer to Note 19 . Recurring fair value measurements December 31, 2016 ($ in millions) Level 1 Level 2 Level 3 Total Assets Investment securities Available-for-sale securities Debt securities U.S. Treasury $ 1,620 $ — $ — $ 1,620 U.S. States and political subdivisions — 782 — 782 Foreign government 11 151 — 162 Agency mortgage-backed residential — 10,290 — 10,290 Mortgage-backed residential — 2,097 — 2,097 Mortgage-backed commercial — 537 — 537 Asset-backed — 1,400 — 1,400 Corporate debt — 1,443 — 1,443 Total debt securities 1,631 16,700 — 18,331 Equity securities (a) 595 — — 595 Total available-for-sale securities 2,226 16,700 — 18,926 Other assets Interests retained in financial asset sales — — 29 29 Derivative contracts in a receivable position (b) Interest rate — 92 — 92 Foreign currency — 2 — 2 Other 1 — — 1 Total derivative contracts in a receivable position 1 94 — 95 Total assets $ 2,227 $ 16,794 $ 29 $ 19,050 Liabilities Accrued expenses and other liabilities Derivative contracts in a payable position (b) Interest rate $ — $ (94 ) $ — $ (94 ) Other (1 ) — — (1 ) Total derivative contracts in a payable position (1 ) (94 ) — (95 ) Total liabilities $ (1 ) $ (94 ) $ — $ (95 ) (a) Our investment in any one industry did not exceed 14% . (b) For additional information on derivative instruments and hedging activities, refer to Note 19 . The following tables present the reconciliation for all Level 3 assets and liabilities measured at fair value on a recurring basis. We often economically hedge the fair value change of our assets or liabilities with derivatives and other financial instruments. The Level 3 items presented below may be hedged by derivatives and other financial instruments that are classified as Level 1 or Level 2. Thus, the following tables do not fully reflect the impact of our risk management activities. Level 3 recurring fair value measurements Net realized/unrealized Fair value at Net unrealized gains included in earnings ($ in millions) Fair value at Jan. 1, 2017 included in earnings included in OCI Purchases Sales Issuances Settlements Assets Mortgage loans held-for-sale $ — $ — $ — $ 3 $ (2 ) $ — $ — $ 1 $ — Other assets Interests retained in financial asset sales 29 — — — 4 — (2 ) 31 — Total assets $ 29 $ — $ — $ 3 $ 2 $ — $ (2 ) $ 32 $ — Level 3 recurring fair value measurements Fair value at Jan. 1, 2016 Net realized/unrealized Purchases Sales Issuances Settlements Fair value at Net unrealized gains included in earnings ($ in millions) included in earnings included in OCI Assets Other assets Interests retained in financial asset sales $ 40 $ 2 (a) $ — $ — $ 4 $ — $ (15 ) $ 31 $ — Total assets $ 40 $ 2 $ — $ — $ 4 $ — $ (15 ) $ 31 $ — (a) Reported as other income, net of losses, in the Condensed Consolidated Statement of Comprehensive Income . Nonrecurring Fair Value We may be required to measure certain assets and liabilities at fair value from time to time. These periodic fair value measures typically result from the application of lower-of-cost or fair value accounting or certain impairment measures. These items would constitute nonrecurring fair value measures. The following tables display the assets and liabilities measured at fair value on a nonrecurring basis. Nonrecurring Lower-of-cost or Total gain (loss) included in earnings for the three months ended March 31, 2017 ($ in millions) Level 1 Level 2 Level 3 Total Assets Commercial finance receivables and loans, net (a) Commercial and industrial Automotive $ — $ — $ 29 $ 29 $ (3 ) n/m (b) Other — — 61 61 (21 ) n/m (b) Total commercial finance receivables and loans, net — — 90 90 (24 ) n/m (b) Other assets Repossessed and foreclosed assets (c) — — 15 15 (2 ) n/m (b) Other — — 4 4 — n/m (b) Total assets $ — $ — $ 109 $ 109 $ (26 ) n/m n/m = not meaningful (a) Represents the portion of the portfolio specifically impaired during 2017 . The related valuation allowance represents the cumulative adjustment to fair value of those specific receivables. (b) We consider the applicable valuation or loan loss allowance to be the most relevant indicator of the impact on earnings caused by the fair value measurement. Accordingly, the table above excludes total gains and losses included in earnings for these items. The carrying values are inclusive of the respective valuation or loan loss allowance. (c) The allowance provided for repossessed and foreclosed assets represents any cumulative valuation adjustment recognized to adjust the assets to fair value. Nonrecurring Lower-of-cost or Total gain (loss) included in earnings for the three months ended March 31, 2016 ($ in millions) Level 1 Level 2 Level 3 Total Assets Loans held-for-sale, net $ — $ — $ 39 $ 39 $ — n/m (a) Commercial finance receivables and loans, net (b) Commercial and industrial Automotive — — 17 17 (3 ) n/m (a) Other — — 28 28 (15 ) n/m (a) Total commercial finance receivables and loans, net — — 45 45 (18 ) n/m (a) Other assets Repossessed and foreclosed assets (c) — — 12 12 (3 ) n/m (a) Other — — 6 6 — n/m (a) Total assets $ — $ — $ 102 $ 102 $ (21 ) n/m n/m = not meaningful (a) We consider the applicable valuation or loan loss allowance to be the most relevant indicator of the impact on earnings caused by the fair value measurement. Accordingly, the table above excludes total gains and losses included in earnings for these items. The carrying values are inclusive of the respective valuation or loan loss allowance. (b) Represents the portion of the portfolio specifically impaired during 2016 . The related valuation allowance represents the cumulative adjustment to fair value of those specific receivables. (c) The allowance provided for repossessed and foreclosed assets represents any cumulative valuation adjustment recognized to adjust the assets to fair value. Fair Value Option for Financial Assets We elected the fair value option for an insignificant amount of conforming mortgage loans held-for-sale. We elected the fair value option to mitigate earnings volatility by better matching the accounting for the assets with the related hedges. Our intent in electing fair value measurement was to mitigate a divergence between accounting losses and economic exposure for certain assets and liabilities. Fair Value of Financial Instruments The following table presents the carrying and estimated fair value of financial instruments, except for those recorded at fair value on a recurring basis presented in the previous section of this note titled Recurring Fair Value. When possible, we use quoted market prices to determine fair value. Where quoted market prices are not available, the fair value is internally derived based on appropriate valuation methodologies with respect to the amount and timing of future cash flows and estimated discount rates. However, considerable judgment is required in interpreting current market data to develop the market assumptions and inputs necessary to estimate fair value. As such, the actual amount received to sell an asset or the amount paid to settle a liability could differ from our estimates. Fair value information presented herein was based on information available at March 31, 2017 , and December 31, 2016 . Estimated fair value ($ in millions) Carrying value Level 1 Level 2 Level 3 Total March 31, 2017 Financial assets Held-to-maturity securities $ 1,104 $ — $ 1,063 $ — $ 1,063 Finance receivables and loans, net 117,847 — — 119,420 119,420 Nonmarketable equity investments 833 — 795 59 854 Financial liabilities Deposit liabilities $ 84,486 $ — $ — $ 82,715 $ 82,715 Short-term borrowings 8,371 — — 8,372 8,372 Long-term debt 51,061 — 19,604 33,511 53,115 December 31, 2016 Financial assets Held-to-maturity securities $ 839 $ — $ 789 $ — $ 789 Finance receivables and loans, net 117,800 — — 118,750 118,750 Nonmarketable equity investments 1,046 — 1,012 55 1,067 Financial liabilities Deposit liabilities $ 79,022 $ — $ — $ 78,469 $ 78,469 Short-term borrowings 12,673 — — 12,675 12,675 Long-term debt 54,128 — 22,036 34,084 56,120 The following describes the methodologies and assumptions used to determine fair value for the significant classes of financial instruments. In addition to the valuation methods discussed below, we also followed guidelines for determining whether a market was not active and a transaction was not distressed. We assumed the price that would be received in an orderly transaction (including a market-based return) and not in forced liquidation or distressed sale. • Cash and cash equivalents — Included in cash and cash equivalents are highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of change in value due to interest rate, quoted price, or penalty on withdrawal. Classified as Level 1 under the fair value hierarchy, cash and cash equivalents generally expose us to limited credit risk and are so near maturity that they present insignificant risk of changes in value because of changes in interest rates. Accordingly, the carrying value approximates the fair value of these instruments. • Held-to-maturity securities — Held-to-maturity securities, which consist of asset-backed retained notes and residential mortgage-backed debt securities issued by government agencies, are carried at amortized cost. For fair value disclosure purposes, held-to-maturity securities are classified as Level 2, with fair value based on observable market prices, when available. • Finance receivables and loans, net — With the exception of mortgage loans held-for-investment, the fair value of finance receivables and loans was based on discounted future cash flows using applicable spreads to approximate current rates applicable to each category of finance receivables and loans (an income approach using Level 3 inputs). The carrying value of commercial receivables in certain markets and certain automotive and other receivables for which interest rates reset on a short-term basis with applicable market indices are assumed to approximate fair value either because of the short-term nature or because of the interest rate adjustment feature. The fair value of commercial receivables in other markets was based on discounted future cash flows using applicable spreads to approximate current rates applicable to similar assets in those markets. The fair value of mortgage loans held-for-investment was based on a discounted cash flow basis utilizing cash flow projections from models that utilized prepayment, default, and discount rate assumptions. These valuations consider unique attributes of the loans such as geography, delinquency status, product type, and other factors. • Nonmarketable equity investments — Nonmarketable equity investments primarily include investments in FHLB and FRB stock and other equity investments carried at cost. As a member of the FHLB and FRB, Ally Bank is required to hold FHLB and FRB stock. The stock can be sold only to the FHLB and FRB upon termination of membership, or redeemed at the sole discretion of the FHLB and FRB, respectively. The fair value of FHLB and FRB stock is equal to the stock’s par value since the stock is bought, sold, and/or redeemed at par. FHLB and FRB stock is carried at cost, which generally represents the stock’s par value. • Deposit liabilities — Deposit liabilities represent certain consumer and brokered bank deposits, mortgage escrow deposits, and dealer deposits. The fair value of deposits at Level 3 was estimated by discounting projected cash flows based on discount factors derived from the forward interest rate swap curve. • Short-term borrowings and Long-term debt — Level 2 debt was valued using quoted market prices for similar instruments, when available, or other means for substantiation with observable inputs. Debt valued by discounting projected cash flows using internally derived inputs, such as prepayment speeds and discount rates, was classified as Level 3. • Financial instruments for which carrying value approximates fair value — Certain financial instruments that are not carried at fair value on the consolidated balance sheet are carried at amounts that approximate fair value primarily due to their short term nature and limited credit risk. These instruments include restricted cash, cash collateral, accrued interest receivable, accrued interest payable, trade receivables and payables, and other short term receivables and payables. |
Offsetting Assets and Liabiliti
Offsetting Assets and Liabilities Offsetting Assets and Liabilities | 3 Months Ended |
Mar. 31, 2017 | |
Offsetting Assets and Liabilities [Abstract] | |
Offsetting Assets and Liabilities [Text Block] | Offsetting Assets and Liabilities Our derivative contracts and repurchase/reverse repurchase transactions are supported by qualifying master netting and master repurchase agreements. These agreements are legally enforceable bilateral agreements that (1) create a single legal obligation for all individual transactions covered by the agreement to the nondefaulting entity upon an event of default of the counterparty, including bankruptcy, insolvency, or similar proceeding, and (2) provide the nondefaulting entity the right to accelerate, terminate, and close-out on a net basis all transactions under the agreement and to liquidate or set off collateral promptly upon an event of default of the counterparty. To further mitigate the risk of counterparty default related to derivative instruments, we maintain collateral agreements with certain counterparties. The agreements require both parties to maintain collateral in the event the fair values of the derivative financial instruments meet established thresholds. In the event that either party defaults on the obligation, the secured party may seize the collateral. Generally, our collateral arrangements are bilateral such that we and the counterparty post collateral for the value of our total obligation to each other. Contractual terms provide for standard and customary exchange of collateral based on changes in the market value of the outstanding derivatives. The securing party posts additional collateral when their obligation rises or removes collateral when it falls, such that the net replacement cost of the nondefaulting party is covered in the event of counterparty default. In certain instances as it relates to our derivative instruments, we have the option to report derivative assets and liabilities as well as assets and liabilities associated with cash collateral received or delivered that is governed by a master netting agreement on a net basis as long as certain qualifying criteria are met. Similarly, for our repurchase/reverse repurchase transactions, we have the option to report recognized assets and liabilities subject to a master netting agreement on a net basis if certain qualifying criteria are met. At March 31, 2017 , these instruments are reported as gross assets and gross liabilities on the Condensed Consolidated Balance Sheet . The composition of offsetting derivative instruments, financial assets, and financial liabilities was as follows. Gross amounts of recognized assets/(liabilities) Gross amounts offset in the Condensed Consolidated Balance Sheet Net amounts of assets/(liabilities) Gross amounts not offset in the Condensed Consolidated Balance Sheet March 31, 2017 ($ in millions) Financial instruments Collateral Net amount Assets Derivative assets in net asset positions $ 78 $ — $ 78 $ (5 ) $ (8 ) $ 65 Derivative assets in net liability positions 2 — 2 (2 ) — — Total assets (d) $ 80 $ — $ 80 $ (7 ) $ (8 ) $ 65 Liabilities Derivative liabilities in net liability positions $ (76 ) $ — $ (76 ) $ 2 $ 14 $ (60 ) Derivative liabilities in net asset positions (5 ) — (5 ) 5 — — Total derivative liabilities (d) (81 ) — (81 ) 7 14 (60 ) Securities sold under agreements to repurchase (e) (1,146 ) — (1,146 ) — 1,146 — Total liabilities $ (1,227 ) $ — $ (1,227 ) $ 7 $ 1,160 $ (60 ) (a) Financial collateral received/pledged shown as a balance based on the sum of all net asset and liability positions between Ally and each individual derivative counterparty. (b) Amounts disclosed are limited to the financial asset or liability balance and, accordingly, exclude excess collateral received or pledged and noncash collateral received. $6 million of noncash derivative collateral pledged to us was excluded at March 31, 2017 . We do not record such collateral received on our Condensed Consolidated Balance Sheet unless certain conditions are met. (c) Certain agreements grant us the right to sell or pledge the noncash assets we receive as collateral. Noncash collateral pledged to us where the agreement grants us the right to sell or pledge the underlying assets had a fair value of $6 million at March 31, 2017 . We have not sold or pledged any of the noncash collateral received under these agreements as of March 31, 2017 . (d) For additional information on derivative instruments and hedging activities, refer to Note 19 . (e) For additional information on securities sold under agreements to repurchase, refer to Note 14 . Gross amounts of recognized assets/(liabilities) Gross amounts offset in the Condensed Consolidated Balance Sheet Net amounts of assets/(liabilities) Gross amounts not offset in the Condensed Consolidated Balance Sheet December 31, 2016 ( $ in millions ) Financial instruments Collateral Net amount Assets Derivative assets in net asset positions $ 87 $ — $ 87 $ (4 ) $ (9 ) $ 74 Derivative assets in net liability positions 8 — 8 (8 ) — — Total assets (d) $ 95 $ — $ 95 $ (12 ) $ (9 ) $ 74 Liabilities Derivative liabilities in net liability positions $ (91 ) $ — $ (91 ) $ 8 $ 13 $ (70 ) Derivative liabilities in net asset positions (4 ) — (4 ) 4 — — Total derivative liabilities (d) (95 ) — (95 ) 12 13 (70 ) Securities sold under agreements to repurchase (e) (676 ) — (676 ) — 676 — Total liabilities $ (771 ) $ — $ (771 ) $ 12 $ 689 $ (70 ) (a) Financial collateral received/pledged shown as a balance based on the sum of all net asset and liability positions between Ally and each individual derivative counterparty. (b) Amounts disclosed are limited to the financial asset or liability balance and, accordingly, exclude excess collateral received or pledged and noncash collateral received. $6 million of noncash derivative collateral pledged to us was excluded at December 31, 2016. We do not record such collateral received on our Condensed Consolidated Balance Sheet unless certain conditions are met. (c) Certain agreements grant us the right to sell or pledge the noncash assets we receive as collateral. Noncash collateral pledged to us where the agreement grants us the right to sell or pledge the underlying assets had a fair value of $6 million at December 31, 2016. We have not sold or pledged any of the noncash collateral received under these agreements as of December 31, 2016. (d) For additional information on derivative instruments and hedging activities, refer to Note 19 . (e) For additional information on securities sold under agreements to repurchase, refer to Note 14 . |
Segment Information
Segment Information | 3 Months Ended |
Mar. 31, 2017 | |
Segment Reporting [Abstract] | |
Segment Reporting Disclosure [Text Block] | Segment Information Operating segments are defined as components of an enterprise that engage in business activity from which revenues are earned and expenses incurred for which discrete financial information is available that is evaluated regularly by our chief operating decision maker in deciding how to allocate resources and in assessing performance. We report our results of operations on a line-of-business basis through four operating segments: Automotive Finance operations, Insurance operations, Mortgage Finance operations, and Corporate Finance operations, with the remaining activity reported in Corporate and Other. The operating segments are determined based on the products and services offered, and reflect the manner in which financial information is currently evaluated by management. The following is a description of each of our reportable operating segments. Automotive Finance operations — Provides U.S.-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities. Our automotive finance services include providing retail installment sales contracts, loans and leases, offering term loans to dealers, financing dealer floorplans and other lines of credit to dealers, warehouse lines to companies, fleet financing, providing financing to companies and municipalities for the purchase or lease of vehicles and equipment, and vehicle remarketing services. Insurance operations — Offers both consumer finance protection and insurance products sold primarily through the automotive dealer channel, and commercial insurance products sold directly to dealers. As part of our focus on offering dealers a broad range of consumer financial and insurance products, we provide vehicle service contracts, vehicle maintenance contracts, and guaranteed asset protection products. We also underwrite select commercial insurance coverages, which primarily insure dealers' wholesale vehicle inventory. Mortgage Finance operations — Primarily consists of the management of a held-for-investment consumer mortgage finance loan portfolio, which includes bulk purchases of high-quality jumbo and low-to-moderate income (LMI) mortgage loans originated by third parties. In late 2016, we introduced our direct mortgage offering, named Ally Home, consisting of a variety of jumbo and conforming fixed- and adjustable-rate mortgage products through a third-party fulfillment partner. Under our current arrangement, conforming mortgages are originated as held-for-sale and sold, while jumbo mortgages are originated as held-for-investment. Servicing is performed by a third party and no mortgage servicing rights are created. Corporate Finance operations — Primarily provides senior secured leveraged cash flow and asset-based loans to mostly U.S.-based middle market companies. Our primary focus is on businesses owned by private equity sponsors with loans typically used for leveraged buyouts, mergers and acquisitions, debt refinancing, restructurings, and working capital. Corporate and Other primarily consists of activity related to centralized corporate treasury activities such as management of the cash and corporate investment securities and loan portfolios, short- and long-term debt, retail and brokered deposit liabilities, derivative instruments, the amortization of the discount associated with new debt issuances and bond exchanges, and the residual impacts of our corporate funds-transfer pricing (FTP) and treasury asset liability management (ALM) activities. Corporate and Other also includes certain equity investments which primarily consist of FHLB and FRB stock, the management of our legacy mortgage portfolio which primarily consists of loans originated prior to January 1, 2009, and reclassifications and eliminations between the reportable operating segments. Additionally, beginning in June 2016, financial information related to TradeKing is included within Corporate and Other. We utilize an FTP methodology for the majority of our business operations. The FTP methodology assigns charge rates and credit rates to classes of assets and liabilities based on expected duration and the benchmark rate curve plus an assumed credit spread. Matching duration allocates interest income and interest expense to these reportable segments so their respective results are insulated from interest rate risk. This methodology is consistent with our ALM practices, which includes managing interest rate risk centrally at a corporate level. The net residual impact of the FTP methodology is included within the results of Corporate and Other. The information presented in our reportable operating segments is based in part on internal allocations, which involve management judgment. Financial information for our reportable operating segments is summarized as follows. Three months ended March 31, ($ in millions) Automotive Finance operations Insurance operations Mortgage Finance operations Corporate Finance operations Corporate and Other Consolidated (a) 2017 Net financing revenue and other interest income $ 892 $ 15 $ 34 $ 34 $ 4 $ 979 Other revenue 101 264 — 18 13 396 Total net revenue 993 279 34 52 17 1,375 Provision for loan losses 268 — 1 6 (4 ) 271 Total noninterest expense 437 239 24 21 57 778 Income (loss) from continuing operations before income tax expense $ 288 $ 40 $ 9 $ 25 $ (36 ) $ 326 Total assets $ 115,154 $ 7,230 $ 8,362 $ 3,438 $ 27,917 $ 162,101 2016 Net financing revenue and other interest income (loss) $ 896 $ 14 $ 20 $ 28 $ (7 ) $ 951 Other revenue 77 254 — 6 39 376 Total net revenue 973 268 20 34 32 1,327 Provision for loan losses 209 — 3 6 2 220 Total noninterest expense 427 218 15 17 33 710 Income (loss) from continuing operations before income tax expense $ 337 $ 50 $ 2 $ 11 $ (3 ) $ 397 Total assets $ 112,289 $ 7,194 $ 7,493 $ 2,839 $ 26,690 $ 156,505 (a) Net financing revenue and other interest income after the provision for loan losses totaled $708 million and $731 million for the three months ended March 31, 2017 , and 2016 , respectively. |
Parent and Guarantor Condensed
Parent and Guarantor Condensed Consolidating Financial Statements | 3 Months Ended |
Mar. 31, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Condensed Financial Statements [Text Block] | Parent and Guarantor Condensed Consolidating Financial Statements Certain of our senior notes issued by the parent are guaranteed by 100% directly owned subsidiaries of Ally (the Guarantors). As of March 31, 2017 , the Guarantors include Ally US LLC and IB Finance Holding Company, LLC (IB Finance), each of which fully and unconditionally guarantee the senior notes on a joint and several basis. The following financial statements present condensed consolidating financial data for (i) Ally Financial Inc. (on a parent company-only basis); (ii) the Guarantors; (iii) the nonguarantor subsidiaries (all other subsidiaries); and (iv) an elimination column for adjustments to arrive at (v) the information for the parent company, the Guarantors, and nonguarantors on a consolidated basis. Investments in subsidiaries are accounted for by the parent company and the Guarantors using the equity-method for this presentation. Results of operations of subsidiaries are therefore classified in the parent company’s and Guarantors’ investment in subsidiaries accounts. The elimination entries set forth in the following condensed consolidating financial statements eliminate distributed and undistributed income of subsidiaries, investments in subsidiaries, and intercompany balances and transactions between the parent, the Guarantors, and nonguarantors. Condensed Consolidating Statements of Comprehensive Income Three months ended March 31, 2017 ($ in millions) Parent Guarantors Nonguarantors Consolidating adjustments Ally consolidated Financing (loss) revenue and other interest income Interest and fees on finance receivables and loans $ (35 ) $ — $ 1,403 $ — $ 1,368 Interest and fees on finance receivables and loans — intercompany 4 — 3 (7 ) — Interest and dividends on investment securities and other earning assets — — 135 (1 ) 134 Interest on cash and cash equivalents 2 — 3 — 5 Interest-bearing cash — intercompany — — 1 (1 ) — Operating leases 3 — 540 — 543 Total financing (loss) revenue and other interest income (26 ) — 2,085 (9 ) 2,050 Interest expense Interest on deposits 1 — 230 — 231 Interest on short-term borrowings 17 — 10 — 27 Interest on long-term debt 281 — 143 — 424 Interest on intercompany debt 4 — 4 (8 ) — Total interest expense 303 — 387 (8 ) 682 Net depreciation expense on operating lease assets 2 — 387 — 389 Net financing revenue (331 ) — 1,311 (1 ) 979 Cash dividends from subsidiaries Nonbank subsidiaries 41 — — (41 ) — Other revenue Insurance premiums and service revenue earned — — 241 — 241 (Loss) gain on mortgage and automotive loans, net (2 ) — 16 — 14 Loss on extinguishment of debt — — (1 ) — (1 ) Other gain on investments, net — — 27 — 27 Other income, net of losses 268 — 224 (377 ) 115 Total other revenue 266 — 507 (377 ) 396 Total net revenue (24 ) — 1,818 (419 ) 1,375 Provision for loan losses 107 — 164 — 271 Noninterest expense Compensation and benefits expense 122 — 163 — 285 Insurance losses and loss adjustment expenses — — 88 — 88 Other operating expenses 288 — 494 (377 ) 405 Total noninterest expense 410 — 745 (377 ) 778 (Loss) income from continuing operations before income tax (benefit) expense and undistributed income (loss) of subsidiaries (541 ) — 909 (42 ) 326 Income tax (benefit) expense from continuing operations (134 ) — 247 — 113 Net (loss) income from continuing operations (407 ) — 662 (42 ) 213 Income (loss) from discontinued operations, net of tax 2 — (1 ) — 1 Undistributed income of subsidiaries Bank subsidiary 389 389 — (778 ) — Nonbank subsidiaries 230 — — (230 ) — Net income 214 389 661 (1,050 ) 214 Other comprehensive income, net of tax 20 5 19 (24 ) 20 Comprehensive income $ 234 $ 394 $ 680 $ (1,074 ) $ 234 Three months ended March 31, 2016 ($ in millions) Parent Guarantors Nonguarantors Consolidating adjustments Ally consolidated Financing (loss) revenue and other interest income Interest and fees on finance receivables and loans $ (38 ) $ — $ 1,273 $ — $ 1,235 Interest and fees on finance receivables and loans — intercompany 3 — 2 (5 ) — Interest and dividends on investment securities and other earning assets — — 102 — 102 Interest on cash and cash equivalents 1 — 2 — 3 Interest-bearing cash — intercompany — — 2 (2 ) — Operating leases 5 — 764 — 769 Total financing (loss) revenue and other interest income (29 ) — 2,145 (7 ) 2,109 Interest expense Interest on deposits 2 — 191 — 193 Interest on short-term borrowings 10 — 3 — 13 Interest on long-term debt 289 — 153 — 442 Interest on intercompany debt 4 — 3 (7 ) — Total interest expense 305 — 350 (7 ) 648 Net depreciation expense on operating lease assets 4 — 506 — 510 Net financing revenue (338 ) — 1,289 — 951 Cash dividends from subsidiaries Nonbank subsidiaries 482 — — (482 ) — Other revenue Insurance premiums and service revenue earned — — 230 — 230 (Loss) gain on mortgage and automotive loans, net (3 ) — 4 — 1 Loss on extinguishment of debt (2 ) — (2 ) — (4 ) Other gain on investments, net — — 54 — 54 Other income, net of losses 374 — 217 (496 ) 95 Total other revenue 369 — 503 (496 ) 376 Total net revenue 513 — 1,792 (978 ) 1,327 Provision for loan losses 60 — 160 — 220 Noninterest expense Compensation and benefits expense 147 — 105 — 252 Insurance losses and loss adjustment expenses — — 73 — 73 Other operating expenses 340 — 542 (497 ) 385 Total noninterest expense 487 — 720 (497 ) 710 (Loss) income from continuing operations before income tax (benefit) expense and undistributed income (loss) of subsidiaries (34 ) — 912 (481 ) 397 Income tax (benefit) expense from continuing operations (43 ) — 193 — 150 Net (loss) income from continuing operations 9 — 719 (481 ) 247 Income (loss) from discontinued operations, net of tax 6 — (3 ) — 3 Undistributed income (loss) of subsidiaries Bank subsidiary 270 270 — (540 ) — Nonbank subsidiaries (35 ) — — 35 — Net income 250 270 716 (986 ) 250 Other comprehensive income, net of tax 146 84 151 (235 ) 146 Comprehensive income $ 396 $ 354 $ 867 $ (1,221 ) $ 396 Condensed Consolidating Balance Sheet March 31, 2017 ($ in millions) Parent (a) Guarantors Nonguarantors (a) Consolidating adjustments Ally consolidated Assets Cash and cash equivalents Noninterest-bearing $ 690 $ — $ 823 $ — $ 1,513 Interest-bearing 800 — 1,989 — 2,789 Interest-bearing — intercompany — — 641 (641 ) — Total cash and cash equivalents 1,490 — 3,453 (641 ) 4,302 Available-for-sale securities 6 — 20,308 (6 ) 20,308 Held-to-maturity securities — — 1,155 (51 ) 1,104 Loans held-for-sale, net — — 1 — 1 Finance receivables and loans, net Finance receivables and loans, net 4,864 — 114,138 — 119,002 Intercompany loans to Bank subsidiary 425 — — (425 ) — Nonbank subsidiaries 1,376 — 456 (1,832 ) — Allowance for loan losses (121 ) — (1,034 ) — (1,155 ) Total finance receivables and loans, net 6,544 — 113,560 (2,257 ) 117,847 Investment in operating leases, net 35 — 10,426 — 10,461 Intercompany receivables from Bank subsidiary 32 — — (32 ) — Nonbank subsidiaries 46 — 255 (301 ) — Investment in subsidiaries Bank subsidiary 18,405 18,405 — (36,810 ) — Nonbank subsidiaries 9,680 — — (9,680 ) — Premiums receivable and other insurance assets — — 1,974 (30 ) 1,944 Other assets 4,275 — 4,764 (2,905 ) 6,134 Total assets $ 40,513 $ 18,405 $ 155,896 $ (52,713 ) $ 162,101 Liabilities Deposit liabilities Noninterest-bearing $ — $ — $ 102 $ — $ 102 Interest-bearing 85 — 84,299 — 84,384 Total deposit liabilities 85 — 84,401 — 84,486 Short-term borrowings 4,901 — 3,470 — 8,371 Long-term debt 20,156 — 30,905 — 51,061 Intercompany debt to Bank subsidiary 51 — — (51 ) — Nonbank subsidiaries 1,097 — 1,807 (2,904 ) — Intercompany payables to Bank subsidiary 127 — — (127 ) — Nonbank subsidiaries 180 — 57 (237 ) — Interest payable 231 — 151 — 382 Unearned insurance premiums and service revenue — — 2,514 — 2,514 Accrued expenses and other liabilities 320 — 4,506 (2,904 ) 1,922 Total liabilities 27,148 — 127,811 (6,223 ) 148,736 Total equity 13,365 18,405 28,085 (46,490 ) 13,365 Total liabilities and equity $ 40,513 $ 18,405 $ 155,896 $ (52,713 ) $ 162,101 (a) Amounts presented are based upon the legal transfer of the underlying assets to VIEs in order to reflect legal ownership. December 31, 2016 ($ in millions) Parent (a) Guarantors Nonguarantors (a) Consolidating adjustments Ally consolidated Assets Cash and cash equivalents Noninterest-bearing $ 720 $ — $ 827 $ — $ 1,547 Interest-bearing 100 — 4,287 — 4,387 Interest-bearing — intercompany — — 401 (401 ) — Total cash and cash equivalents 820 — 5,515 (401 ) 5,934 Trading securities — — 82 (82 ) — Available-for-sale securities — — 19,253 (327 ) 18,926 Held-to-maturity securities — — 839 — 839 Finance receivables and loans, net Finance receivables and loans, net 4,705 — 114,239 — 118,944 Intercompany loans to Bank subsidiary 1,125 — — (1,125 ) — Nonbank subsidiaries 1,779 — 626 (2,405 ) — Allowance for loan losses (115 ) — (1,029 ) — (1,144 ) Total finance receivables and loans, net 7,494 — 113,836 (3,530 ) 117,800 Investment in operating leases, net 42 — 11,428 — 11,470 Intercompany receivables from Bank subsidiary 299 — — (299 ) — Nonbank subsidiaries 107 — 67 (174 ) — Investment in subsidiaries Bank subsidiary 17,727 17,727 — (35,454 ) — Nonbank subsidiaries 10,318 — — (10,318 ) — Premiums receivable and other insurance assets — — 1,936 (31 ) 1,905 Other assets 4,347 — 5,085 (2,578 ) 6,854 Total assets $ 41,154 $ 17,727 $ 158,041 $ (53,194 ) $ 163,728 Liabilities Deposit liabilities Noninterest-bearing $ — $ — $ 84 $ — $ 84 Interest-bearing 167 — 78,771 — 78,938 Total deposit liabilities 167 — 78,855 — 79,022 Short-term borrowings 3,622 — 9,051 — 12,673 Long-term debt 21,798 — 32,330 — 54,128 Intercompany debt to Bank subsidiary 330 — — (330 ) — Nonbank subsidiaries 1,027 — 2,903 (3,930 ) — Intercompany payables to Nonbank subsidiaries 153 — 351 (504 ) — Interest payable 253 — 98 — 351 Unearned insurance premiums and service revenue — — 2,500 — 2,500 Accrued expenses and other liabilities 487 — 3,911 (2,661 ) 1,737 Total liabilities 27,837 — 129,999 (7,425 ) 150,411 Total equity 13,317 17,727 28,042 (45,769 ) 13,317 Total liabilities and equity $ 41,154 $ 17,727 $ 158,041 $ (53,194 ) $ 163,728 (a) Amounts presented are based upon the legal transfer of the underlying assets to VIEs in order to reflect legal ownership. Condensed Consolidating Statement of Cash Flows Three months ended March 31, 2017 ($ in millions) Parent Guarantors Nonguarantors Consolidating adjustments Ally consolidated Operating activities Net cash (used in) provided by operating activities $ (149 ) $ — $ 1,284 $ 40 $ 1,175 Investing activities Purchases of available-for-sale securities — — (2,833 ) — (2,833 ) Proceeds from sales of available-for-sale securities — — 1,045 — 1,045 Proceeds from maturities and repayments of available-for-sale securities — — 589 — 589 Purchases of held-to-maturity securities — — (215 ) — (215 ) Proceeds from maturities and repayments of held-to-maturity securities — — 5 — 5 Net change in investment securities — intercompany 1 — 261 (262 ) — Purchases of loans held-for-investment (15 ) — (390 ) — (405 ) Proceeds from sales of finance receivables and loans originated as held-for-investment — — 1,164 — 1,164 Originations and repayments of loans held-for-investment and other 931 — (1,145 ) (960 ) (1,174 ) Net change in loans — intercompany 1,146 — 170 (1,316 ) — Purchases of operating lease assets — — (893 ) — (893 ) Disposals of operating lease assets 1 — 1,544 — 1,545 Capital contributions to subsidiaries (83 ) — — 83 — Returns of contributed capital 645 — — (645 ) — Net change in restricted cash (27 ) — 385 (3 ) 355 Net change in nonmarketable equity investments — — 213 — 213 Other, net (26 ) — 58 (91 ) (59 ) Net cash provided by (used in) investing activities 2,573 — (42 ) (3,194 ) (663 ) Financing activities Net change in short-term borrowings — third party 1,278 — (5,581 ) — (4,303 ) Net (decrease) increase in deposits (82 ) — 5,533 — 5,451 Proceeds from issuance of long-term debt — third party 330 — 3,196 962 4,488 Repayments of long-term debt — third party (2,870 ) — (4,703 ) — (7,573 ) Net change in debt — intercompany (203 ) — (1,146 ) 1,349 — Repurchase of common stock (169 ) — — — (169 ) Dividends paid — third party (38 ) — — — (38 ) Dividends paid and returns of contributed capital — intercompany — — (686 ) 686 — Capital contributions from parent — — 83 (83 ) — Net cash used in financing activities (1,754 ) — (3,304 ) 2,914 (2,144 ) Effect of exchange-rate changes on cash and cash equivalents — — — — — Net increase (decrease) in cash and cash equivalents 670 — (2,062 ) (240 ) (1,632 ) Cash and cash equivalents at beginning of year 820 — 5,515 (401 ) 5,934 Cash and cash equivalents at March 31, $ 1,490 $ — $ 3,453 $ (641 ) $ 4,302 Three months ended March 31, 2016 ($ in millions) Parent Guarantors Nonguarantors Consolidating adjustments Ally consolidated Operating activities Net cash (used in) provided by operating activities $ (24 ) $ — $ 1,708 $ (482 ) $ 1,202 Investing activities Purchases of available-for-sale securities — — (4,870 ) — (4,870 ) Proceeds from sales of available-for-sale securities — — 4,175 — 4,175 Proceeds from maturities and repayments of available-for-sale securities — — 409 — 409 Purchases of held-to-maturity securities — — (118 ) — (118 ) Purchases of loans held-for-investment — — (1,402 ) — (1,402 ) Proceeds from sales of finance receivables and loans originated as held-for-investment — — 2,594 — 2,594 Originations and repayments of loans held-for-investment and other (292 ) — (392 ) — (684 ) Net change in loans — intercompany 683 — (44 ) (639 ) — Purchases of operating lease assets — — (701 ) — (701 ) Disposals of operating lease assets 2 — 1,533 — 1,535 Capital contributions to subsidiaries (128 ) — — 128 — Returns of contributed capital 223 — — (223 ) — Net change in restricted cash — — 48 — 48 Net change in nonmarketable equity investments — — (315 ) — (315 ) Other, net (32 ) — 12 — (20 ) Net cash provided by investing activities 456 — 929 (734 ) 651 Financing activities Net change in short-term borrowings — third party 187 — (2,926 ) — (2,739 ) Net (decrease) increase in deposits (10 ) — 3,790 — 3,780 Proceeds from issuance of long-term debt — third party 178 — 4,066 — 4,244 Repayments of long-term debt — third party (580 ) — (7,910 ) — (8,490 ) Net change in debt — intercompany (68 ) — (684 ) 752 — Repurchase of common stock (14 ) — — — (14 ) Dividends paid — third party (15 ) — — — (15 ) Dividends paid and returns of contributed capital — intercompany — — (705 ) 705 — Capital contributions from parent — — 128 (128 ) — Net cash used in financing activities (322 ) — (4,241 ) 1,329 (3,234 ) Effect of exchange-rate changes on cash and cash equivalents — — 2 — 2 Net increase (decrease) in cash and cash equivalents 110 — (1,602 ) 113 (1,379 ) Cash and cash equivalents at beginning of year 1,635 — 5,595 (850 ) 6,380 Cash and cash equivalents at March 31, $ 1,745 $ — $ 3,993 $ (737 ) $ 5,001 |
Contingencies and Other Risks
Contingencies and Other Risks | 3 Months Ended |
Mar. 31, 2017 | |
Loss Contingency [Abstract] | |
Contingencies Disclosure [Text Block] | Contingencies and Other Risks Legal Matters Ally and its subsidiaries, including Ally Bank, are or may be subject to potential liability in connection with pending or threatened legal proceedings and other matters. These legal matters may be formal or informal and include litigation and arbitration with one or more identified claimants, certified or purported class actions with yet-to-be-identified claimants, and regulatory or other governmental information-gathering requests, examinations, investigations, and enforcement proceedings. Our legal matters exist in varying stages of adjudication, arbitration, negotiation, or investigation and span our lines of business and operations. Claims may be based in law or equity—such as those arising under contracts or in tort and those involving banking, consumer-protection, securities, tax, employment, and other laws—and some can present novel legal theories and allege substantial or indeterminate damages. We accrue for a legal matter when a loss becomes probable and the amount of loss can be reasonably estimated. Accruals are evaluated each quarter and may be adjusted, upward or downward, based on our best judgment after consultation with counsel. No assurance exists that our accruals will not need to be adjusted in the future. The course and outcome of legal matters are inherently unpredictable. This is especially so when a matter is still in its early stages, the damages sought are indeterminate or unsupported, significant facts are unclear or disputed, novel questions of law or other meaningful legal uncertainties exist, a request to certify a proceeding as a class action is outstanding or granted, multiple parties are named, or regulatory or other governmental entities are involved. As a result, we cannot state with confidence how or when threatened or pending legal matters will be resolved and what losses may be incurred. Actual losses may be higher or lower than any amounts accrued for those matters, possibly to a significant degree. On the basis of information currently available, advice of counsel, available insurance coverage, and established reserves, it is the opinion of management that, except as described in the next paragraph, the eventual outcome of our existing legal matters will not have a material adverse effect on our consolidated financial condition, results of operations, or cash flows. It is possible, however, that an unfavorable resolution of legal matters may be material to our consolidated financial condition, results of operations, or cash flows in a particular period. Descriptions of our material legal matters follow. In each case, the matter could have material adverse consequences for us, including substantial damages or settlements, injunctions, governmental fines or penalties, and reputational or operational risks. We do not believe, however, that an estimate of reasonably possible losses or a range of reasonably possible losses in excess of established reserves—whether in excess of any related accrual or where no accrual exists—can be made for any of these matters. Securities Litigation In October 2016, a purported class action—Bucks County Employees Retirement Fund v. Ally Financial Inc. et al.—was filed in the Circuit Court for Wayne County in the State of Michigan. This matter was removed to the U.S. District Court for the Eastern District of Michigan on November 18, 2016, and is currently pending there as Case No. 2:16-CV-14104. The complaint alleges material misstatements and omissions in connection with Ally’s initial public offering in April 2014, including a failure to adequately disclose the severity of rising subprime automotive loan delinquency rates, deficient underwriting measures employed in the origination of subprime automotive loans, and aggressive tactics used with low-income borrowers. The request for relief includes an indeterminate amount of damages, fees, and costs and other remedies. In January 2017, another purported class action—National Shopmen Pension Fund v. Ally Financial Inc. et al.—was filed in the Circuit Court for Oakland County in the State of Michigan. This matter was removed to the U.S. District Court for the Eastern District of Michigan on January 30, 2017, and is currently pending there as Case No. 2:17-CV-10289. In March 2017, a third purported class action—James McIntire v. Ally Financial Inc. et al.—was filed in the Circuit Court for Wayne County in the State of Michigan. This matter was removed to the U.S. District Court for the Eastern District of Michigan on March 15, 2017, and is currently pending there as Case No. 2:17-CV-10833. The allegations and requested relief in the National Shopmen Pension Fund and James McIntire complaints are substantially similar to those included in the complaint filed by Bucks County Employees Retirement Fund. We intend to vigorously defend against each of these actions. Automotive Subprime Matters In October 2014, we received a document request from the SEC in connection with its investigation related to subprime automotive finance and related securitization activities. Separately, in December 2014, we received a subpoena from the DOJ requesting similar information. In May 2015 and December 2016, we received information requests from the New York Department of Financial Services requesting similar information. We have cooperated with each of these agencies with respect to these matters. Indirect Automotive Finance Matters In December 2013, Ally Financial Inc. and Ally Bank entered into a Consent Order issued by the U.S. Consumer Financial Protection Bureau (CFPB) and a Consent Order jointly submitted with the DOJ and entered by the U.S. District Court for the Eastern District of Michigan (United States v. Ally Financial Inc. and Ally Bank, Civil Action No. 13-15180), in each case, pertaining to allegations of discrimination involving the automotive finance business. The Consent Orders require Ally to create a compliance plan addressing, at a minimum, the communication of Ally’s expectations of Equal Credit Opportunity Act (ECOA) compliance to our automotive dealer clients, maintenance of Ally’s existing limits on dealer finance income for contracts acquired by Ally, and monitoring for potential discrimination both at the dealer level and within our portfolio of contracts acquired across all of our automotive dealer clients. Ally formed a compliance committee consisting of certain Ally Financial Inc. and Ally Bank directors to oversee Ally’s execution of the Consent Orders’ terms. Ally is required to meet certain stipulations under the Consent Orders, including a requirement to make monetary payments when ongoing remediation targets are not attained. Since 2013, Ally has recognized expenses of approximately $240 million for judgments, fines, and monetary remuneration payments to customers related to the Consent Orders. The Consent Orders terminate, according to their terms, in 2017, and preclude the CFPB and the DOJ from pursuing any potential violations of the ECOA against Ally Financial Inc. or Ally Bank for conduct undertaken pursuant to the Consent Orders during the period of the Consent Orders. If the CFPB or the DOJ were to assert that Ally Financial Inc. or Ally Bank is violating the ECOA after the Consent Orders terminate, further legal proceedings could occur. Other Contingencies Ally and its subsidiaries, including Ally Bank, are or may be subject to potential liability under various other contingent exposures, including indemnification, tax, self-insurance, and other miscellaneous contingencies. We accrue for a contingent exposure when a loss becomes probable and the amount of loss can be reasonably estimated. Accruals are evaluated each quarter and may be adjusted, upward or downward, based on our best judgment. No assurance exists that our accruals will not need to be adjusted in the future, and actual losses may be higher or lower than any amounts accrued for those exposures, possibly to a significant degree. On the basis of information currently available, available insurance coverage, and established reserves, it is the opinion of management that the eventual outcome of our other contingent exposures will not have a material adverse effect on our consolidated financial condition, results of operations, or cash flows. Refer to Note 1 to the Consolidated Financial Statements included in our 2016 Annual Report on Form 10-K for additional information related to our policy for establishing reserves for legal and regulatory matters. |
Subsequent Events
Subsequent Events | 3 Months Ended |
Mar. 31, 2017 | |
Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | Subsequent Events Declaration of Quarterly Dividend Payment On April 14, 2017 , the Ally Board of Directors declared a quarterly cash dividend payment of $0.08 per share on all common stock. The dividend is payable on May 15, 2017 , to shareholders of record at the close of business on May 1, 2017. |
Description of Business, Basi33
Description of Business, Basis of Presentation, and Changes in Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Our accounting and reporting policies conform to accounting principles generally accepted in the United States of America (GAAP). Additionally, where applicable, the policies conform to the accounting and reporting guidelines prescribed by bank regulatory authorities. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and that affect income and expenses during the reporting period and related disclosures. In developing the estimates and assumptions, management uses all available evidence; however, actual results could differ because of uncertainties associated with estimating the amounts, timing, and likelihood of possible outcomes. |
Income Tax, Policy [Policy Text Block] | Income Taxes In calculating the provision for interim income taxes, in accordance with Accounting Standards Codification (ASC) 740, Income Taxes , we apply an estimated annual effective tax rate to year-to-date ordinary income. At the end of each interim period, we estimate the effective tax rate expected to be applicable for the full fiscal year. This method differs from that described in Note 1 to the Consolidated Financial Statements in our 2016 Annual Report on Form 10-K, which describes our annual significant income tax accounting policy and related methodology. |
Transfers and Servicing of Financial Assets, Transfers of Financial Assets, Policy [Policy Text Block] | Securitizations and Variable Interest Entities We securitize, transfer, and service consumer and commercial automotive loans and operating leases. Securitization transactions typically involve the use of variable interest entities (VIEs) and are accounted for either as sales or secured borrowings. We may retain economic interests in securitized and sold assets, which are generally in the form of senior or subordinated interests, other residual interests, and servicing rights. In order to conclude whether or not a VIE is required to be consolidated, careful consideration and judgment must be given to our continuing involvement with the variable interest entity. In circumstances where we have both the power to direct the activities of the entity that most significantly impact the entity's performance and the obligation to absorb losses or the right to receive benefits of the entity that could be significant, we would conclude that we would consolidate the entity, which would also preclude us from recording an accounting sale on the transaction. In the case of a consolidated VIE, the accounting is consistent with a secured borrowing, (e.g., we continue to carry the loans and we record the related securitized debt on our Condensed Consolidated Balance Sheet ). In transactions where we are not determined to be the primary beneficiary of the VIE, we must determine whether or not we achieve a sale for accounting purposes. In order to achieve a sale for accounting purposes, the assets being transferred must be legally isolated, not be constrained by restrictions from further transfer, and be deemed to be beyond our control. If we were to fail any of the three criteria for sale accounting, the accounting would be consistent with the preceding paragraph (i.e., a secured borrowing) . Refer to Note 10 to the Condensed Consolidated Financial Statements for discussion on VIEs. Gains or losses on off-balance sheet securitizations take into consideration the fair value of any retained interests including the value of certain servicing assets or liabilities, if any, which are initially recorded at fair value at the date of sale. The estimate of the fair value of the retained interests and servicing requires us to exercise significant judgment about the timing and amount of future cash flows from the interests. Refer to Note 21 to the Condensed Consolidated Financial Statements for a discussion of fair value estimates. Gains or losses on off-balance sheet securitizations and sales are reported in gain on mortgage and automotive loans, net, in our Condensed Consolidated Statement of Comprehensive Income . Retained interests are classified as securities or as other assets depending on their nature. On December 24, 2016, the risk retention rules under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) of 2010 became effective, requiring us to retain at least five percent of the credit risk of the assets underlying asset-backed securitizations . Our note was updated to address this guidance. We retain servicing responsibilities for all of our consumer and commercial automotive loan and operating lease securitizations. We may receive servicing fees for off-balance sheet securitizations based on the securitized loan balances and certain ancillary fees, all of which are reported in servicing fees in the Condensed Consolidated Statement of Comprehensive Income. Typically, the fee we are paid for servicing consumer automotive finance receivables represents adequate compensation, and consequently, we do not recognize a servicing asset or liability. Whether on- or off-balance sheet, the investors in the securitization trusts generally have no recourse to our assets outside of protections afforded through customary market representation and warranty repurchase provisions. Refer to Note 1 to the Consolidated Financial Statements in our 2016 Annual Report on Form 10-K regarding additional significant accounting policies. |
New Accounting Pronouncements, Policy [Text Block] | Recently Adopted Accounting Standards Stock Compensation — Improvements to Employee Share-Based Payment Accounting (ASU 2016-09) As of December 31, 2016, we adopted Accounting Standards Update (ASU) 2016-09. The amendments in this update include changes to several aspects of share-based payment accounting. The amendments allow for an entity-wide accounting policy election to either account for forfeitures as they occur or estimate the number of awards that are expected to vest. We elected to account for forfeitures as they occur. The amendments modify the tax withholding requirements to allow entities to withhold an amount up to the employee’s maximum individual statutory tax rates without resulting in a liability classification of the award as opposed to limiting the withholding to the minimum statutory tax rates as required under previous accounting guidance. The amendments require that all excess tax benefits and tax deficiencies related to share-based payment awards should be recognized in income tax expense or benefit in the income statement in the period in which they occur. The adoption of these amendments did not have a material impact to the financial statements. The amendments also address the classification and presentation of certain items on the cash flow statement. Specifically, cash flows related to excess tax benefits should be classified as an operating activity instead of a financing activity and cash flows related to cash paid to a tax authority by an employer when withholding shares from an employee’s award for tax withholding purposes should be classified as a financing activity. The adoption of the amendment requiring excess tax benefits to be classified as an operating activity did not have a material impact to our Condensed Consolidated Statement of Cash Flows . The adoption of the amendment requiring amounts paid to a tax authority by an employer when withholding shares from an employee’s award for tax withholding purposes to be classified as a financing activity resulted in the reclassification of cash flows in our Condensed Consolidated Statement of Cash Flows for the three months ended March 31, 2016 , of $14 million from operating activities to financing activities. Recently Issued Accounting Standards Revenue from Contracts with Customers (ASU 2014-09) and Revenue from Contracts with Customers — Deferral of the Effective Date (ASU 2015-14) In May 2014, the Financial Accounting Standards Board (FASB) issued ASU 2014-09. The purpose of this guidance is to streamline and consolidate existing revenue recognition principles in GAAP and to converge revenue recognition principles with International Financial Reporting Standards (IFRS). The core principle of the amendments is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to receive in exchange for those goods or services. The amendments include a five step process for consideration of the main principle, guidance on the accounting treatment for costs associated with a contract, and disclosure requirements related to the revenue process. As originally issued, the amendments in ASU 2014-09 were to be effective beginning on January 1, 2017. However, in August 2015, the FASB issued ASU 2015-14, which deferred the effective date of the guidance until January 1, 2018, and permitted early adoption as of the original effective date in ASU 2014-09. The FASB created a transition resource group to work with stakeholders and clarify the new guidance as necessary. The FASB has issued several additional ASUs to clarify guidance and provide implementation support for ASU 2014-09. The clarifying guidance elaborates on the key concepts within ASU 2014-09 and clarifies how those concepts interact with other GAAP requirements. Management has considered these additional ASUs when assessing the overall impact of ASU 2014-09. The amendments to the revenue recognition principles can be applied on adoption either through a full retrospective application or on a modified basis with a cumulative effect adjustment on the date of initial adoption with certain practical expedients. A majority of our revenue streams are not within the scope of this ASU as they are governed by other accounting standards. Management has determined that certain revenue streams and contractual arrangements are in scope of this guidance, including deposit fees, premiums on certain noninsurance contracts, brokering commissions through our insurance operations, remarketing fee income through SmartAuction, and investment advisory fee income through TradeKing. Management does not expect these amendments to impact current revenue recognition patterns for a majority of the in scope revenue streams and contracts. However, we expect that the application of this guidance to noninsurance contracts within our insurance business will result in the deferral of certain amounts we currently recognize as revenue upon the origination of the contract. We do not expect the impact of the new guidance to these specific contracts to be material to the financial statements. Management continues to evaluate whether we will adopt this guidance using the full retrospective approach or the modified retrospective approach. Financial Instruments — Recognition and Measurement of Financial Assets (ASU 2016-01) In January 2016, the FASB issued ASU 2016-01. The amendments in this update modify the requirements related to the measurement of certain financial instruments in the statement of financial condition and results of operations. For equity investments (other than investments accounted for using the equity method), entities must measure such instruments at fair value with changes in fair value recognized in net income. Changes in fair value for available-for-sale equity securities will no longer be recognized through other comprehensive income. Reporting entities may continue to elect to measure equity investments that do not have a readily determinable fair value at cost with adjustments for impairment and observable changes in price. In addition, for a liability (other than a derivative liability) that an entity measures at fair value, any change in fair value related to the instrument-specific credit risk, that is the entity’s own-credit, should be presented separately in other comprehensive income and not as a component of net income. The amendments are effective on January 1, 2018, with early adoption permitted solely for the provisions pertaining to instrument-specific credit risk for liabilities measured at fair value. The amendments must be applied on a modified retrospective basis with a cumulative effect adjustment as of the beginning of the fiscal year of initial adoption. The amendment requiring equity investments to be measured at fair value with changes in fair value recognized in net income will create additional volatility in our consolidated results of operations since changes in fair value for available-for-sale securities will be recognized in net income as opposed to other comprehensive income as required under existing accounting guidance. Management continues to evaluate the impact of the other amendments. However, we do not anticipate the other amendments to have a material impact to our financial statements. Management currently plans to adopt these amendments on January 1, 2018, and expects to use the modified retrospective approach as required. Leases (ASU 2016-02) In February 2016, the FASB issued ASU 2016-02. The amendments in this update primarily replace the existing accounting requirements for operating leases for lessees. Lessee accounting requirements for finance leases and lessor accounting requirements for both operating leases and sales type and direct financing leases (both of which were previously referred to as capital leases) are largely unchanged. The amendments require the lessee of an operating lease to record a balance sheet gross-up upon lease commencement by recognizing a right-of-use asset and lease liability equal to the present value of the lease payments. The right-of-use asset and lease liability should be derecognized in a manner that effectively yields a straight line lease expense over the lease term. In addition to the changes to the lessee operating lease accounting requirements, the amendments also change the types of costs that can be capitalized related to a lease agreement for both lessees and lessors for all types of leases. The amendments also require additional disclosures for all lease types for both lessees and lessors. The amendments are effective on January 1, 2019, with early adoption permitted. The amendments must be applied on a modified retrospective basis with a cumulative adjustment to the beginning of the earliest fiscal year presented in the financial statements in the period of adoption. Management is currently evaluating the impact of these amendments. Upon adoption, we expect to record a balance sheet gross up, reflecting our right-of-use asset and lease liability for our operating leases where we are the lessee (for example, our facility leases). We are currently reviewing our operating lease contracts where we are the lessee to determine the impact of the gross up and the changes to capitalizable costs. We are also reviewing our leases where we are the lessor to determine the impact of the changes to capitalizable costs. Management currently plans to adopt these amendments on January 1, 2019, and expects to use the modified retrospective approach as required. Financial Instruments — Credit Losses (ASU 2016-13) In June 2016, the FASB issued ASU 2016-13. The amendments in this update introduce a new accounting model to measure credit losses for financial assets measured at amortized cost. Credit losses for financial assets measured at amortized cost should be determined based on the total current expected credit losses over the life of the financial asset or group of financial assets. In effect, the financial asset or group of financial assets should be presented at the net amount expected to be collected. Credit losses will no longer be measured as they are incurred for financial assets measured at amortized cost. The amendments also modify the accounting for available-for-sale debt securities whereby credit losses will be recorded through an allowance for credit losses rather than a write-down to the security’s cost basis, which allows for reversals of credit losses when estimated credit losses decline. Credit losses for available-for-sale debt securities should be measured in a manner similar to current GAAP. The amendments are effective on January 1, 2020, with early adoption permitted as of January 1, 2019. The amendments must be applied using a modified retrospective approach with a cumulative-effect adjustment through retained earnings as of the beginning of the fiscal year upon adoption. The new accounting model for credit losses represents a significant departure from existing GAAP, and will likely materially increase the allowance for credit losses with a resulting negative adjustment to retained earnings. Management created a formal working group to govern the implementation of these amendments consisting of key stakeholders from finance, risk, and accounting and is currently evaluating the impact of the amendments. Management currently plans to adopt these amendments on January 1, 2020, and expects to use the modified retrospective approach as required. Statement of Cash Flows — Restricted Cash (ASU 2016-18) In November 2016, the FASB issued ASU 2016-18. The amendments in this update require that amounts classified as restricted cash and restricted cash equivalents be included within the beginning-of-period and end-of-period amounts along with cash and cash equivalents on the statement of cash flows. Prior to this ASU, specific guidance on the presentation of changes in restricted cash and restricted cash equivalents within the statement of cash flows did not exist. The amendments are effective on January 1, 2018, with early adoption permitted. The amendments must be applied retrospectively to all periods presented within the statement of cash flows upon adoption. Management is currently evaluating the impact of these amendments. Receivables — Nonrefundable Fees and Other Costs: Premium Amortization on Purchased Callable Debt Securities (ASU 2017-08) In March 2017, the FASB issued ASU 2017-08. The amendments in this update require premiums on purchased callable debt securities to be amortized to the security’s earliest call date. Prior to this ASU, premiums and discounts on purchased callable debt securities were generally required to be amortized to the security’s maturity date. The amendments do not require an accounting change for securities held at a discount. The amendments are effective on January 1, 2019, with early adoption permitted. The amendments must be applied using a modified retrospective approach with a cumulative-effect adjustment through retained earnings as of the beginning of the fiscal year upon adoption. Management is currently evaluating the impact of these amendments. |
Discontinued Operations Discont
Discontinued Operations Discontinued Operations (Policies) | 3 Months Ended |
Mar. 31, 2017 | |
Accounting Policies [Abstract] | |
Discontinued Operations, Policy [Policy Text Block] | Prior to the adoption of ASU 2014-08, which was prospectively applied only to newly identified disposals that qualify as discontinued operations beginning after January 1, 2015, we have classified operations as discontinued when operations and cash flows will be eliminated from our ongoing operations and we do not expect to retain any significant continuing involvement in their operations after the respective sale or disposal transactions. For all periods presented, the operating results for these discontinued operations have been removed from continuing operations and presented separately as discontinued operations, net of tax, in the Condensed Consolidated Statement of Comprehensive Income . The Notes to the Condensed Consolidated Financial Statements have been adjusted to exclude discontinued operations unless otherwise noted. |
Acquisitions Acquisitions (Tabl
Acquisitions Acquisitions (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Acquisitions [Abstract] | |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | The following table summarizes the allocation of cash consideration paid for TradeKing and the amounts of the identifiable assets acquired and liabilities assumed recognized at the acquisition date. ($ in millions) Purchase price Cash consideration $ 298 Allocation of purchase price to net assets acquired Intangible assets (a) 82 Cash and short-term investments (b) 50 Other assets 14 Deferred tax asset, net 4 Employee compensation and benefits (41 ) Other liabilities (4 ) Goodwill $ 193 (a) We recorded $3 million of amortization on these intangible assets during the three months ended March 31, 2017. (b) Includes $40 million in cash proceeds from the acquisition transaction in order to pay employee compensation and benefits that vested upon acquisition as a result of the change in control. |
Discontinued Operations (Tables
Discontinued Operations (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Disposal Groups, Including Discontinued Operations [Table Text Block] | Select financial information of discontinued operations is summarized below. Three months ended March 31, ($ in millions) 2017 2016 Pretax income $ 1 $ 4 Tax expense — 1 |
Other Income, Net of Losses (Ta
Other Income, Net of Losses (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Other Nonoperating Income (Expense) [Abstract] | |
Schedule of Other Nonoperating Income, by Component [Table Text Block] | Details of other income, net of losses, were as follows. Three months ended March 31, ($ in millions) 2017 2016 Remarketing fees $ 29 $ 28 Late charges and other administrative fees 27 25 Servicing fees 16 13 Income from equity-method investments — 6 Other, net 43 23 Total other income, net of losses $ 115 $ 95 |
Reserves for Insurance Losses38
Reserves for Insurance Losses and Loss Adjustment Expenses Reserves for Insurance Losses and Loss Adjustment Expenses (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Insurance Liability for Unpaid Claims and Claims Adjustment Expenses [Abstract] | |
Schedule of Liability for Unpaid Claims and Claims Adjustment Expense | The following table shows a rollforward of our reserves for insurance losses and loss adjustment expenses. ($ in millions) 2017 2016 Total gross reserves for insurance losses and loss adjustment expenses at January 1, $ 149 $ 169 Less: Reinsurance recoverable 108 120 Net reserves for insurance losses and loss adjustment expenses at January 1, 41 49 Net insurance losses and loss adjustment expenses incurred related to: Current year 89 77 Prior years (a) (1 ) (4 ) Total net insurance losses and loss adjustment expenses incurred 88 73 Net insurance losses and loss adjustment expenses paid or payable related to: Current year (45 ) (37 ) Prior years (23 ) (22 ) Total net insurance losses and loss adjustment expenses paid or payable (68 ) (59 ) Foreign exchange and other 2 3 Net reserves for insurance losses and loss adjustment expenses at March 31, 63 66 Plus: Reinsurance recoverable 112 118 Total gross reserves for insurance losses and loss adjustment expenses at March 31, $ 175 $ 184 (a) There have been no material adverse changes to the reserve for prior years. |
Other Operating Expenses (Table
Other Operating Expenses (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Operating Expenses [Abstract] | |
Schedule of Other Operating Cost and Expense, by Component [Table Text Block] | Details of other operating expenses were as follows. Three months ended March 31, ($ in millions) 2017 2016 Insurance commissions $ 99 $ 94 Technology and communications 69 66 Lease and loan administration 36 32 Advertising and marketing 30 27 Vehicle remarketing and repossession 28 24 Regulatory and licensing fees 27 21 Professional services 26 24 Premises and equipment depreciation 22 21 Occupancy 12 13 Non-income taxes 8 9 Other 48 54 Total other operating expenses $ 405 $ 385 |
Investment Securities (Tables)
Investment Securities (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Investments, Debt and Equity Securities [Abstract] | |
Investment [Table Text Block] | Our portfolio of securities includes bonds, equity securities, asset-backed securities, commercial and residential mortgage-backed securities, and other investments. The cost, fair value, and gross unrealized gains and losses on investment securities were as follows. March 31, 2017 December 31, 2016 Amortized cost Gross unrealized Fair value Amortized cost Gross unrealized Fair ($ in millions) gains losses gains losses Available-for-sale securities Debt securities U.S. Treasury $ 2,276 $ 1 $ (52 ) $ 2,225 $ 1,680 $ — $ (60 ) $ 1,620 U.S. States and political subdivisions 803 9 (17 ) 795 794 7 (19 ) 782 Foreign government 143 3 — 146 157 5 — 162 Agency mortgage-backed residential 12,054 31 (223 ) 11,862 10,473 29 (212 ) 10,290 Mortgage-backed residential 2,053 4 (61 ) 1,996 2,162 5 (70 ) 2,097 Mortgage-backed commercial 533 2 (1 ) 534 537 2 (2 ) 537 Asset-backed 1,046 6 (1 ) 1,051 1,396 6 (2 ) 1,400 Corporate debt 1,262 6 (13 ) 1,255 1,452 7 (16 ) 1,443 Total debt securities (a) (b) 20,170 62 (368 ) 19,864 18,651 61 (381 ) 18,331 Equity securities 481 9 (46 ) 444 642 7 (54 ) 595 Total available-for-sale securities $ 20,651 $ 71 $ (414 ) $ 20,308 $ 19,293 $ 68 $ (435 ) $ 18,926 Held-to-maturity securities Debt securities Agency mortgage-backed residential (c) $ 1,052 $ 2 $ (43 ) $ 1,011 $ 839 $ — $ (50 ) $ 789 Asset-backed retained notes 52 — — 52 — — — — Total held-to-maturity securities (d) $ 1,104 $ 2 $ (43 ) $ 1,063 $ 839 $ — $ (50 ) $ 789 (a) Certain entities related to our Insurance operations are required to deposit securities with state regulatory authorities. These deposited securities totaled $12 million and $14 million at March 31, 2017 , and December 31, 2016 , respectively. (b) Investment securities with a fair value of $3,235 million and $4,881 million at March 31, 2017 , and December 31, 2016 , respectively, were pledged to secure advances from the Federal Home Loan Bank (FHLB), short-term borrowings or repurchase agreements and for other purposes as required by contractual obligation or law. Under these agreements, Ally has granted the counterparty the right to sell or pledge $1,257 million and $737 million of the underlying investment securities at March 31, 2017 , and December 31, 2016 , respectively. (c) Agency-backed residential mortgage-backed debt securities are held for liquidity purposes. (d) Held-to-maturity securities are recorded at amortized cost. Held-to-maturity securities with a fair value of $0 million and $87 million at March 31, 2017, and December 31, 2016 , respectively, were pledged to secure advances from the FHLB |
Investments Classified by Contractual Maturity Date [Table Text Block] | The maturity distribution of investment securities outstanding is summarized in the following tables. Call or prepayment options may cause actual maturities to differ from contractual maturities. Total Due in one year or less Due after one year through five years Due after five years through ten years Due after ten years ($ in millions) Amount Yield Amount Yield Amount Yield Amount Yield Amount Yield March 31, 2017 Fair value of available-for-sale debt securities (a) U.S. Treasury $ 2,225 1.8 % $ — — % $ 262 1.8 % $ 1,963 1.8 % $ — — % U.S. States and political subdivisions 795 3.1 66 2.4 34 2.5 175 2.9 520 3.3 Foreign government 146 2.5 — — 66 2.7 80 2.4 — — Agency mortgage-backed residential 11,862 3.0 — — — — 3 2.9 11,859 3.0 Mortgage-backed residential 1,996 2.9 — — — — — — 1,996 2.9 Mortgage-backed commercial 534 2.8 — — — — 3 2.8 531 2.8 Asset-backed 1,051 2.9 — — 829 2.9 59 3.2 163 2.6 Corporate debt 1,255 2.9 99 2.1 642 2.6 468 3.2 46 4.7 Total available-for-sale debt securities $ 19,864 2.8 $ 165 2.2 $ 1,833 2.6 $ 2,751 2.2 $ 15,115 3.0 Amortized cost of available-for-sale debt securities $ 20,170 $ 165 $ 1,826 $ 2,806 $ 15,373 Amortized cost of held-to-maturity securities Agency mortgage-backed residential 1,052 3.0 % — — % — — % — — % 1,052 3.0 % Asset-backed retained notes 52 1.5 10 0.8 40 1.6 2 2.7 — — Total held-to-maturity securities $ 1,104 2.9 $ 10 0.8 $ 40 1.6 $ 2 2.7 $ 1,052 3.0 December 31, 2016 Fair value of available-for-sale debt securities (a) U.S. Treasury $ 1,620 1.7 % $ 2 4.6 % $ 60 1.6 % $ 1,558 1.7 % $ — — % U.S. States and political subdivisions 782 3.1 64 1.7 29 2.3 172 2.8 517 3.4 Foreign government 162 2.6 — — 58 2.8 104 2.4 — — Agency mortgage-backed residential 10,290 2.9 — — — — 29 2.6 10,261 2.9 Mortgage-backed residential 2,097 2.9 — — — — — — 2,097 2.9 Mortgage-backed commercial 537 2.6 — — — — 3 2.8 534 2.6 Asset-backed 1,400 2.8 — — 1,059 2.8 143 3.2 198 2.6 Corporate debt 1,443 2.8 72 2.2 840 2.6 489 3.2 42 4.7 Total available-for-sale debt securities $ 18,331 2.8 $ 138 2.0 $ 2,046 2.7 $ 2,498 2.2 $ 13,649 2.9 Amortized cost of available-for-sale debt securities $ 18,651 $ 138 $ 2,040 $ 2,563 $ 13,910 Amortized cost of held-to-maturity securities $ 839 2.9 % $ — — % $ — — % $ — — % $ 839 2.9 % (a) Yield is calculated using the effective yield of each security at the end of the period, weighted based on the market value. The effective yield considers the contractual coupon and amortized cost, and excludes expected capital gains and losses |
Investment Income [Table Text Block] | The following table presents interest and dividends on investment securities. Three months ended March 31, ($ in millions) 2017 2016 Taxable interest $ 119 $ 94 Taxable dividends 2 4 Interest and dividends exempt from U.S. federal income tax 5 4 Interest and dividends on investment securities $ 126 $ 102 |
Schedule of Unrealized Loss on Investments [Table Text Block] | The table below summarizes available-for-sale securities in an unrealized loss position in accumulated other comprehensive income. Based on the assessment of whether such losses were deemed to be other-than-temporary, we believe that the unrealized losses are not indicative of an other-than-temporary impairment of these securities. As of March 31, 2017 , we did not have the intent to sell the debt securities with an unrealized loss position in accumulated other comprehensive income, it is not more likely than not that we will be required to sell these securities before recovery of their amortized cost basis, and we expect to recover the entire amortized cost basis of the securities. As of March 31, 2017 , we had the ability and intent to hold equity securities with an unrealized loss position in accumulated other comprehensive income, and it is not more likely than not that we will be required to sell these securities before recovery of their amortized cost basis. As a result, we believe that the securities with an unrealized loss position in accumulated other comprehensive income are not considered to be other-than-temporarily impaired at March 31, 2017 . Refer to Note 1 to the Consolidated Financial Statements in our 2016 Annual Report on Form 10-K for additional information related to investment securities and our methodology for evaluating potential other-than-temporary impairments. March 31, 2017 December 31, 2016 Less than 12 months 12 months or longer Less than 12 months 12 months or longer $ in millions) Fair value Unrealized loss Fair value Unrealized loss Fair value Unrealized loss Fair value Unrealized loss Available-for-sale securities Debt securities U.S. Treasury $ 2,070 $ (52 ) $ — $ — $ 1,612 $ (60 ) $ — $ — U.S. States and political subdivisions 435 (16 ) 26 (1 ) 524 (19 ) — — Foreign government 13 — — — 38 — — — Agency mortgage-backed residential 8,874 (209 ) 531 (14 ) 8,052 (196 ) 587 (16 ) Mortgage-backed residential 768 (16 ) 816 (45 ) 813 (17 ) 860 (53 ) Mortgage-backed commercial 79 (1 ) 77 — 47 (1 ) 149 (1 ) Asset-backed 175 — 134 (1 ) 375 (2 ) 127 — Corporate debt 565 (11 ) 46 (2 ) 744 (14 ) 46 (2 ) Total temporarily impaired debt securities 12,979 (305 ) 1,630 (63 ) 12,205 (309 ) 1,769 (72 ) Temporarily impaired equity securities 72 (6 ) 162 (40 ) 151 (8 ) 269 (46 ) Total temporarily impaired available-for-sale securities $ 13,051 $ (311 ) $ 1,792 $ (103 ) $ 12,356 $ (317 ) $ 2,038 $ (118 ) |
Finance Receivables and Loans41
Finance Receivables and Loans, Net (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Loans and Leases Receivable, Net Amount [Abstract] | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | The composition of finance receivables and loans reported at gross carrying value was as follows. ($ in millions) March 31, 2017 December 31, 2016 Consumer automotive (a) $ 65,663 $ 65,793 Consumer mortgage Mortgage Finance (b) 8,331 8,294 Mortgage — Legacy (c) 2,606 2,756 Total consumer mortgage 10,937 11,050 Total consumer 76,600 76,843 Commercial Commercial and industrial Automotive 34,911 35,041 Other 3,499 3,248 Commercial real estate — Automotive 3,992 3,812 Total commercial 42,402 42,101 Total finance receivables and loans (d) $ 119,002 $ 118,944 (a) Includes $34 million and $43 million of fair value adjustment for loans in hedge accounting relationships at March 31, 2017 , and December 31, 2016 , respectively. Refer to Note 19 for additional information. (b) Includes loans originated as interest-only mortgage loans of $26 million and $30 million at March 31, 2017 , and December 31, 2016 , respectively, 3% of which are expected to start principal amortization in 2017 , none in 2018 , 37% in 2019 , 42% in 2020 , and none thereafter. (c) Includes loans originated as interest-only mortgage loans of $653 million and $714 million at March 31, 2017 , and December 31, 2016 , respectively, 17% of which are expected to start principal amortization in 2017 , 2% in 2018 , none in 2019 , none in 2020 , and 1% thereafter. (d) Totals include net increases of $393 million and $359 million at March 31, 2017 , and December 31, 2016 , respectively, for unearned income, unamortized premiums and discounts, and deferred fees and costs. |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | The following tables present an analysis of the activity in the allowance for loan losses on finance receivables and loans. Three months ended March 31, 2017 ($ in millions) Consumer automotive Consumer mortgage Commercial Total Allowance at January 1, 2017 $ 932 $ 91 $ 121 $ 1,144 Charge-offs (a) (341 ) (9 ) — (350 ) Recoveries 90 7 — 97 Net charge-offs (251 ) (2 ) — (253 ) Provision for loan losses 267 (3 ) 7 271 Other (b) (7 ) — — (7 ) Allowance at March 31, 2017 $ 941 $ 86 $ 128 $ 1,155 Allowance for loan losses at March 31, 2017 Individually evaluated for impairment $ 32 $ 33 $ 24 $ 89 Collectively evaluated for impairment 909 53 104 1,066 Finance receivables and loans at gross carrying value Ending balance $ 65,663 $ 10,937 $ 42,402 $ 119,002 Individually evaluated for impairment 388 249 120 757 Collectively evaluated for impairment 65,275 10,688 42,282 118,245 (a) Represents the amount of the gross carrying value directly written-off. For consumer and commercial loans, the loss from a charge-off is measured as the difference between the gross carrying value of a loan and the fair value of the collateral, less costs to sell. Refer to Note 1 to the Consolidated Financial Statements in our 2016 Annual Report on Form 10-K for more information regarding our charge-off policies. (b) Primarily related to the transfer of finance receivables and loans from held-for-investment to held-for-sale. Three months ended March 31, 2016 ($ in millions) Consumer automotive Consumer mortgage Commercial Total Allowance at January 1, 2016 $ 834 $ 114 $ 106 $ 1,054 Charge-offs (a) (253 ) (10 ) — (263 ) Recoveries 80 4 — 84 Net charge-offs (173 ) (6 ) — (179 ) Provision for loan losses 207 7 6 220 Other (b) (18 ) — — (18 ) Allowance at March 31, 2016 $ 850 $ 115 $ 112 $ 1,077 Allowance for loan losses at March 31, 2016 Individually evaluated for impairment $ 25 $ 43 $ 18 $ 86 Collectively evaluated for impairment 825 72 94 991 Finance receivables and loans at gross carrying value Ending balance $ 63,013 $ 10,675 $ 37,188 $ 110,876 Individually evaluated for impairment 337 261 90 688 Collectively evaluated for impairment 62,676 10,414 37,098 110,188 (a) Represents the amount of the gross carrying value directly written-off. For consumer and commercial loans, the loss from a charge-off is measured as the difference between the gross carrying value of a loan and the fair value of the collateral, less costs to sell. Refer to Note 1 to the Consolidated Financial Statements in our 2016 Annual Report on Form 10-K for more information regarding our charge-off policies. (b) Primarily related to the transfer of finance receivables and loans from held-for-investment to held-for-sale. |
Schedule Of Sales Of Financing Receivables And Loans [Table Text Block] | The following table presents information about significant sales of finance receivables and loans and transfers of finance receivables and loans from held-for-investment to held-for-sale. Three months ended March 31, ($ in millions) 2017 2016 Consumer automotive $ 1,213 $ 2,599 Consumer mortgage 3 2 Total sales and transfers $ 1,216 $ 2,601 |
Schedule of Purchases of Financing Receivables and Loans [Table Text Block] | The following table presents information about significant purchases of finance receivables and loans. Three months ended March 31, ($ in millions) 2017 2016 Consumer automotive $ 68 $ — Consumer mortgage 327 1,370 Total purchases of finance receivables and loans $ 395 $ 1,370 |
Past Due Financing Receivables [Table Text Block] | The following table presents an analysis of our past due finance receivables and loans recorded at gross carrying value. ($ in millions) 30–59 days past due 60–89 days past due 90 days or more past due Total past due Current Total finance receivables and loans March 31, 2017 Consumer automotive $ 1,346 $ 308 $ 263 $ 1,917 $ 63,746 $ 65,663 Consumer mortgage Mortgage Finance 30 2 7 39 8,292 8,331 Mortgage — Legacy 33 14 57 104 2,502 2,606 Total consumer mortgage 63 16 64 143 10,794 10,937 Total consumer 1,409 324 327 2,060 74,540 76,600 Commercial Commercial and industrial Automotive — — 6 6 34,905 34,911 Other — — — — 3,499 3,499 Commercial real estate — Automotive — — — — 3,992 3,992 Total commercial — — 6 6 42,396 42,402 Total consumer and commercial $ 1,409 $ 324 $ 333 $ 2,066 $ 116,936 $ 119,002 December 31, 2016 Consumer automotive $ 1,850 $ 428 $ 302 $ 2,580 $ 63,213 $ 65,793 Consumer mortgage Mortgage Finance 39 6 4 49 8,245 8,294 Mortgage — Legacy 45 18 57 120 2,636 2,756 Total consumer mortgage 84 24 61 169 10,881 11,050 Total consumer 1,934 452 363 2,749 74,094 76,843 Commercial Commercial and industrial Automotive 3 — 7 10 35,031 35,041 Other — — — — 3,248 3,248 Commercial real estate — Automotive — — — — 3,812 3,812 Total commercial 3 — 7 10 42,091 42,101 Total consumer and commercial $ 1,937 $ 452 $ 370 $ 2,759 $ 116,185 $ 118,944 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | The following table presents the gross carrying value of our finance receivables and loans on nonaccrual status. ($ in millions) March 31, 2017 December 31, 2016 Consumer automotive $ 573 $ 598 Consumer mortgage Mortgage Finance 10 10 Mortgage — Legacy 95 89 Total consumer mortgage 105 99 Total consumer 678 697 Commercial Commercial and industrial Automotive 34 33 Other 81 84 Commercial real estate — Automotive 5 5 Total commercial 120 122 Total consumer and commercial finance receivables and loans $ 798 $ 819 |
Financing Receivable Credit Quality Indicators - Performing and Nonperforming [Table Text Block] | The following table presents performing and nonperforming credit quality indicators in accordance with our internal accounting policies for our consumer finance receivables and loans recorded at gross carrying value. Nonperforming loans include finance receivables and loans on nonaccrual status when the principal or interest has been delinquent for 90 days or when full collection is not expected. Refer to Note 1 to the Consolidated Financial Statements in our 2016 Annual Report on Form 10-K for additional information. March 31, 2017 December 31, 2016 ($ in millions) Performing Nonperforming Total Performing Nonperforming Total Consumer automotive $ 65,090 $ 573 $ 65,663 $ 65,195 $ 598 $ 65,793 Consumer mortgage Mortgage Finance 8,321 10 8,331 8,284 10 8,294 Mortgage — Legacy 2,511 95 2,606 2,667 89 2,756 Total consumer mortgage 10,832 105 10,937 10,951 99 11,050 Total consumer $ 75,922 $ 678 $ 76,600 $ 76,146 $ 697 $ 76,843 |
Schedule Of Pass And Criticized Credit Quality Indicators Of Finance Receivables [Table Text Block] | The following table presents pass and criticized credit quality indicators based on regulatory definitions for our commercial finance receivables and loans recorded at gross carrying value. March 31, 2017 December 31, 2016 ($ in millions) Pass Criticized (a) Total Pass Criticized (a) Total Commercial and industrial Automotive $ 32,878 $ 2,033 $ 34,911 $ 33,160 $ 1,881 $ 35,041 Other 2,814 685 3,499 2,597 651 3,248 Commercial real estate — Automotive 3,816 176 3,992 3,653 159 3,812 Total commercial $ 39,508 $ 2,894 $ 42,402 $ 39,410 $ 2,691 $ 42,101 (a) Includes loans classified as special mention, substandard, or doubtful. These classifications are based on regulatory definitions and generally represent loans within our portfolio that have a higher default risk or have already defaulted. |
Impaired Financing Receivables [Table Text Block] | The following table presents information about our impaired finance receivables and loans. ( $ in millions ) Unpaid principal balance (a) Gross carrying value Impaired with no allowance Impaired with an allowance Allowance for impaired loans March 31, 2017 Consumer automotive $ 422 $ 388 $ 124 $ 264 $ 32 Consumer mortgage Mortgage Finance 8 8 4 4 — Mortgage — Legacy 245 241 56 185 33 Total consumer mortgage 253 249 60 189 33 Total consumer 675 637 184 453 65 Commercial Commercial and industrial Automotive 34 34 7 27 2 Other 98 81 19 62 21 Commercial real estate — Automotive 5 5 — 5 1 Total commercial 137 120 26 94 24 Total consumer and commercial finance receivables and loans $ 812 $ 757 $ 210 $ 547 $ 89 December 31, 2016 Consumer automotive $ 407 $ 370 $ 131 $ 239 $ 28 Consumer mortgage Mortgage Finance 8 8 3 5 — Mortgage — Legacy 243 239 56 183 34 Total consumer mortgage 251 247 59 188 34 Total consumer 658 617 190 427 62 Commercial Commercial and industrial Automotive 33 33 7 26 3 Other 99 84 — 84 19 Commercial real estate — Automotive 5 5 2 3 1 Total commercial 137 122 9 113 23 Total consumer and commercial finance receivables and loans $ 795 $ 739 $ 199 $ 540 $ 85 (a) Adjusted for charge-offs. |
Schedule of Average Balance And Interest Income Of Impaired Finance Receivables [Table Text Block] | The following table presents average balance and interest income for our impaired finance receivables and loans. 2017 2016 Three months ended March 31, ($ in millions) Average balance Interest income Average balance Interest income Consumer automotive $ 379 $ 5 $ 326 $ 4 Consumer mortgage Mortgage Finance 8 — 9 — Mortgage — Legacy 241 2 255 2 Total consumer mortgage 249 2 264 2 Total consumer 628 7 590 6 Commercial Commercial and industrial Automotive 33 — 23 — Other 83 — 49 1 Commercial real estate — Automotive 5 — 6 — Total commercial 121 — 78 1 Total consumer and commercial finance receivables and loans $ 749 $ 7 $ 668 $ 7 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | The following table presents information related to finance receivables and loans recorded at gross carrying value modified in connection with a TDR during the period. 2017 2016 Three months ended March 31, ($ in millions) Number of loans Pre-modification gross carrying value Post-modification gross carrying value Number of loans Pre-modification gross carrying value Post-modification gross carrying value Consumer automotive 6,447 $ 115 $ 99 5,622 $ 89 $ 76 Consumer mortgage Mortgage Finance 1 — — 1 1 1 Mortgage — Legacy 53 12 12 31 4 4 Total consumer mortgage 54 12 12 32 5 5 Total consumer 6,501 127 111 5,654 94 81 Commercial Commercial and industrial Automotive — — — — — — Other 1 23 23 — — — Commercial real estate — Automotive — — — — — — Total commercial 1 23 23 — — — Total consumer and commercial finance receivables and loans 6,502 $ 150 $ 134 5,654 $ 94 $ 81 |
Finance receivables and loans redefaulted during the period [Table Text Block] | The following table presents information about finance receivables and loans recorded at gross carrying value that have redefaulted during the reporting period and were within 12 months or less of being modified as a TDR. Redefault is when finance receivables and loans meet the requirements for evaluation under our charge-off policy (refer to Note 1 to the Consolidated Financial Statements in our 2016 Annual Report on Form 10-K for additional information) except for commercial finance receivables and loans, where redefault is defined as 90 days past due. 2017 2016 Three months ended March 31, ($ in millions) Number of loans Gross carrying value Charge-off amount Number of loans Gross carrying value Charge-off amount Consumer automotive 1,989 $ 24 $ 16 1,800 $ 23 $ 12 Consumer mortgage Mortgage Finance 1 1 — — — — Mortgage — Legacy — — — 1 — — Total consumer finance receivables and loans 1,990 $ 25 $ 16 1,801 $ 23 $ 12 |
Investment in Operating Lease42
Investment in Operating Leases, Net (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Leases, Operating [Abstract] | |
Schedule of Property Subject to or Available for Operating Lease [Table Text Block] | Investments in operating leases were as follows. ($ in millions) March 31, 2017 December 31, 2016 Vehicles $ 13,240 $ 14,584 Accumulated depreciation (2,779 ) (3,114 ) Investment in operating leases, net $ 10,461 $ 11,470 |
Depreciation Expense On Operating Lease Assets [Table Text Block] | Depreciation expense on operating lease assets includes remarketing gains and losses recognized on the sale of operating lease assets. The following summarizes the components of depreciation expense on operating lease assets. Three months ended March 31, ($ in millions) 2017 2016 Depreciation expense on operating lease assets (excluding remarketing gains and losses) $ 386 $ 565 Remarketing losses (gains) 3 (55 ) Net depreciation expense on operating lease assets $ 389 $ 510 |
Securitizations and Variable 43
Securitizations and Variable Interest Entities (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Securitizations And Variable Interest Entities [Abstract] | |
Schedule of Variable Interest Entities [Table Text Block] | The following table presents our involvement in consolidated and nonconsolidated VIEs in which we hold variable interests. For additional detail related to the assets and liabilities of consolidated variable interest entities refer to the Condensed Consolidated Balance Sheet. ($ in millions) Carrying value of total assets Carrying value of total liabilities Assets sold to Maximum exposure to March 31, 2017 On-balance sheet variable interest entities Consumer automotive $ 19,632 (b) $ 8,298 (c) Commercial automotive 14,113 5,109 Off-balance sheet variable interest entities Consumer automotive 79 (d) — $ 3,571 $ 3,650 (e) Commercial other 505 (f) 205 (g) — 695 (h) Total $ 34,329 $ 13,612 $ 3,571 $ 4,345 December 31, 2016 On-balance sheet variable interest entities Consumer automotive $ 20,869 (b) $ 8,557 (c) Commercial automotive 16,278 4,764 Off-balance sheet variable interest entities Consumer automotive 24 (d) — $ 2,899 $ 2,923 (e) Commercial other 460 (f) 169 (g) — 651 (h) Total $ 37,631 $ 13,490 $ 2,899 $ 3,574 (a) Asset values represent the current unpaid principal balance of outstanding consumer finance receivables and loans within the VIEs. (b) Includes $9.2 billion and $9.6 billion of assets that are not encumbered by VIE beneficial interests held by third parties at March 31, 2017 , and December 31, 2016 , respectively. Ally or consolidated affiliates hold the interests in these assets, which eliminate in consolidation. (c) Includes $64 million and $50 million of liabilities due to consolidated affiliates at March 31, 2017 , and December 31, 2016 , respectively. These liabilities are not obligations to third-party beneficial interest holders. These liabilities are secured by a portion of the unencumbered assets and eliminate in consolidation. (d) Includes $52 million classified as held-to-maturity securities and $27 million classified as other assets at March 31, 2017 . Of the total amount at March 31, 2017 , $53 million represents retained notes and certificated residual interests. These assets represent our compliance with the risk retention rules under the Dodd-Frank Act, requiring us to retain at least five percent of the credit risk of the assets underlying asset-backed securitizations , which became effective on December 24, 2016. Amounts at December 31, 2016 , are classified as other assets. (e) Maximum exposure to loss represents the current unpaid principal balance of outstanding loans, retained notes, certificated residual interests, as well as certain noncertificated interests retained from the sale of automotive finance receivables. This measure is based on the very unlikely event that all of our sold loans have defects that would trigger a representation and warranty provision and the underlying collateral supporting the loans becomes worthless. This required disclosure is not an indication of our expected loss. (f) Amounts are classified as other assets. (g) Amounts are classified as accrued expenses and other liabilities. (h) For certain nonconsolidated affordable housing entities, maximum exposure to loss represents the yield we guaranteed investors through long-term guarantee contracts. The amount disclosed is based on the unlikely event that the underlying properties cease generating yield to investors and the yield delivered to investors in the form of low income tax housing credits is recaptured. For nonconsolidated equity investments, maximum exposure to loss represents our outstanding investment, additional committed capital, and low income housing tax credits subject to recapture. The amount disclosed is based on the unlikely event that our committed capital is funded, our investments become worthless, and the tax credits previously delivered to us are recaptured. This required disclosure is not an indication of our expected loss. |
Schedule Of Cash Flow Received And Paid To Nonconsolidated Securitization Entities [Table Text Block] | The following table summarizes cash flows received and paid related to securitization entities and asset-backed financings where the transfer is accounted for as a sale and we have a continuing involvement with the transferred assets (e.g., servicing) that were outstanding during the three months ended March 31, 2017 , and 2016 . Additionally, this table contains information regarding cash flows received from and paid to nonconsolidated securitization entities that existed during each period. Three months ended March 31, ($ in millions) Consumer automotive 2017 Cash proceeds from transfers completed during the period $ 1,138 Servicing fees 9 Other cash flows 2 2016 Cash proceeds from transfers completed during the period $ 1,025 Servicing fees 8 Other cash flows 2 |
Schedule of Quantitative Information and Net Credit Losses about Securitized and Other Financial Assets Managed Together [Table Text Block] | The following tables represent on-balance sheet loans held-for-sale and finance receivables and loans, off-balance sheet securitizations, and whole-loan sales where we have continuing involvement. The tables present quantitative information about delinquencies and net credit losses. Total Amount Amount 60 days or more ($ in millions) March 31, 2017 December 31, 2016 March 31, 2017 December 31, 2016 On-balance sheet loans Consumer automotive $ 65,663 $ 65,793 $ 571 $ 730 Consumer mortgage 10,938 11,050 80 85 Commercial automotive 38,903 38,853 6 7 Commercial other 3,499 3,248 — — Total on-balance sheet loans 119,003 118,944 657 822 Off-balance sheet securitization entities Consumer automotive 3,067 2,392 12 13 Total off-balance sheet securitization entities 3,067 2,392 12 13 Whole-loan sales (a) 2,787 3,164 5 6 Total $ 124,857 $ 124,500 $ 674 $ 841 (a) Whole-loan sales are not part of a securitization transaction, but represent consumer automotive pools of loans sold to third-party investors. Net credit losses Three months ended March 31, ($ in millions) 2017 2016 On-balance sheet loans Consumer automotive $ 251 $ 173 Consumer mortgage 2 6 Total on-balance sheet loans 253 179 Off-balance sheet securitization entities Consumer automotive 3 2 Total off-balance sheet securitization entities 3 2 Whole-loan sales (a) 1 — Total $ 257 $ 181 (a) Whole-loan sales are not part of a securitization transaction, but represent consumer automotive pools of loans sold to third-party investors. |
Servicing Activities (Tables)
Servicing Activities (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Servicing Asset [Abstract] | |
Schedule Of Total Serviced Automobile Loans Outstanding [Table Text Block] | The current unpaid principal balance and any related unamortized deferred fees and costs of total serviced automotive finance loans and leases outstanding were as follows. ($ in millions) March 31, 2017 December 31, 2016 On-balance sheet automotive finance loans and leases Consumer automotive $ 65,464 $ 65,646 Commercial automotive 38,903 38,853 Operating leases 10,332 11,311 Other 67 67 Off-balance sheet automotive finance loans Securitizations 3,103 2,412 Whole-loan 2,824 3,191 Total serviced automotive finance loans and leases $ 120,693 $ 121,480 |
Other Assets (Tables)
Other Assets (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Other Assets [Abstract] | |
Schedule of Other Assets [Table Text Block] | The components of other assets were as follows. ($ in millions) March 31, 2017 December 31, 2016 Property and equipment at cost $ 939 $ 901 Accumulated depreciation (542 ) (525 ) Net property and equipment 397 376 Restricted cash collections for securitization trusts (a) 1,359 1,694 Net deferred tax assets 900 994 Nonmarketable equity investments (b) 833 1,046 Accrued interest and rent receivables 457 476 Goodwill (c) 240 240 Other accounts receivable 165 100 Cash reserve deposits held-for-securitization trusts (d) 164 184 Cash collateral placed with counterparties 119 167 Restricted cash and cash equivalents 111 111 Fair value of derivative contracts in receivable position (e) 80 95 Other assets 1,309 1,371 Total other assets $ 6,134 $ 6,854 (a) Represents cash collections from customer payments on securitized receivables. These funds are distributed to investors as payments on the related secured debt. (b) Includes investments in FHLB stock of $359 million and $577 million at March 31, 2017 , and December 31, 2016 , respectively; and Federal Reserve Bank (FRB) stock of $435 million at both March 31, 2017 , and December 31, 2016 . (c) Includes goodwill of $27 million at our Insurance operations at both March 31, 2017 , and December 31, 2016 ; $193 million within Corporate and Other at both March 31, 2017 , and December 31, 2016 ; and $20 million within Automotive Finance operations at both March 31, 2017 , and December 31, 2016 . No changes to the carrying amount of goodwill were recorded during the three months ended March 31, 2017 . (d) Represents credit enhancement in the form of cash reserves for various securitization transactions. (e) For additional information on derivative instruments and hedging activities, refer to Note 19 . |
Deposit Liabilities (Tables)
Deposit Liabilities (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Deposits [Abstract] | |
Schedule of Deposit Liabilities [Table Text Block] | Deposit liabilities consisted of the following. ( $ in millions ) March 31, 2017 December 31, 2016 Noninterest-bearing deposits $ 102 $ 84 Interest-bearing deposits Savings and money market checking accounts 51,150 46,976 Certificates of deposit 33,148 31,795 Dealer deposits 86 167 Total deposit liabilities $ 84,486 $ 79,022 |
Debt (Tables)
Debt (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Debt Disclosure [Abstract] | |
Schedule of Short-term Debt [Table Text Block] | The following table presents the composition of our short-term borrowings portfolio. March 31, 2017 December 31, 2016 ($ in millions) Unsecured Secured (a) Total Unsecured Secured (a) Total Demand notes $ 3,652 $ — $ 3,652 $ 3,622 $ — $ 3,622 Federal Home Loan Bank — 1,850 1,850 — 7,875 7,875 Financial instruments sold under agreements to repurchase — 1,620 1,620 — 1,176 1,176 Other 1,249 (b) — 1,249 — — — Total short-term borrowings $ 4,901 $ 3,470 $ 8,371 $ 3,622 $ 9,051 $ 12,673 (a) Refer to the section below titled Long-term Debt for further details on assets restricted as collateral for payment of the related debt. (b) Balance represents private unsecured committed credit facility and includes debt issuance costs of $1 million as of March 31, 2017 . This debt is scheduled to mature in December 2017. |
Schedule of Debt [Table Text Block] | The following table presents the composition of our long-term debt portfolio. March 31, 2017 December 31, 2016 ($ in millions) Unsecured Secured Total Unsecured Secured Total Long-term debt Due within one year $ 2,329 $ 9,048 $ 11,377 $ 4,274 $ 10,279 $ 14,553 Due after one year (a) 14,893 24,492 39,385 15,450 23,810 39,260 Fair value adjustment (b) 308 (9 ) 299 326 (11 ) 315 Total long-term debt (c) $ 17,530 $ 33,531 $ 51,061 $ 20,050 $ 34,078 $ 54,128 (a) Includes $2.6 billion of trust preferred securities at both March 31, 2017, and December 31, 2016. (b) Represents the fair value adjustment associated with the application of hedge accounting on certain of our long-term debt positions. Refer to Note 19 for additional information. (c) Includes advances from the FHLB of Pittsburgh of $6.1 billion at both March 31, 2017, and December 31, 2016 |
Scheduled Remaining Maturity of Long-term Debt [Table Text Block] | The following table presents the scheduled remaining maturity of long-term debt at March 31, 2017 , assuming no early redemptions will occur. The actual payment of secured debt may vary based on the payment activity of the related pledged assets. ($ in millions) 2017 2018 2019 2020 2021 2022 and thereafter Fair value adjustment Total Unsecured Long-term debt $ 1,811 $ 3,700 $ 1,681 $ 2,236 $ 638 $ 8,460 $ 308 $ 18,834 Original issue discount (69 ) (101 ) (39 ) (39 ) (42 ) (1,014 ) — (1,304 ) Total unsecured 1,742 3,599 1,642 2,197 596 7,446 308 17,530 Secured Long-term debt 7,575 8,534 8,080 5,175 2,558 1,618 (9 ) 33,531 Total long-term debt $ 9,317 $ 12,133 $ 9,722 $ 7,372 $ 3,154 $ 9,064 $ 299 $ 51,061 |
Pledged assets for the payment of the related secured borrowings and repurchase agreements [Table Text Block] | The following summarizes assets restricted as collateral for the payment of the related debt obligation primarily arising from securitization transactions accounted for as secured borrowings and repurchase agreements. March 31, 2017 December 31, 2016 ($ in millions) Total (a) Ally Bank Total (a) Ally Bank Investment securities (b) $ 3,175 $ 1,978 $ 4,895 $ 4,231 Mortgage assets held-for-investment and lending receivables 10,847 10,847 10,954 10,954 Consumer automotive finance receivables (b) 26,420 4,523 27,846 5,751 Commercial automotive finance receivables 17,901 17,709 19,487 19,280 Investment in operating leases, net 1,412 314 2,040 913 Total assets restricted as collateral (c) (d) $ 59,755 $ 35,371 $ 65,222 $ 41,129 Secured debt $ 37,001 (e) $ 15,120 $ 43,129 (e) $ 22,149 (a) Ally Bank is a component of the total column. (b) A portion of the restricted investment securities and consumer automotive finance receivables are restricted under repurchase agreements. Refer to the section above titled Short-term Borrowings for information on the repurchase agreements. (c) Ally Bank has an advance agreement with the FHLB, and had assets pledged to secure borrowings that were restricted as collateral to the FHLB totaling $16.8 billion and $19.0 billion at March 31, 2017 , and December 31, 2016 , respectively. These assets were composed primarily of consumer mortgage finance receivables and loans and investment securities. Ally Bank has access to the Federal Reserve Bank Discount Window. Ally Bank had assets pledged and restricted as collateral to the Federal Reserve Bank totaling $2.3 billion and $2.4 billion at March 31, 2017 , and December 31, 2016 , respectively. These assets were composed of consumer automotive finance receivables and loans and operating lease assets. Availability under these programs is only for the operations of Ally Bank and cannot be used to fund the operations or liabilities of Ally or its subsidiaries. (d) Excludes restricted cash and cash reserves for securitization trusts recorded within other assets on the Condensed Consolidated Balance Sheet . Refer to Note 12 for additional information. (e) Includes $3.5 billion and $9.1 billion of short-term borrowings at March 31, 2017 , and December 31, 2016 , respectively. |
Schedule Of Committed Funding Facilities [Table Text Block] | Committed Funding Facilities Outstanding Unused capacity (a) Total capacity ($ in millions) March 31, 2017 December 31, 2016 March 31, 2017 December 31, 2016 March 31, 2017 December 31, 2016 Bank funding Secured (b) $ 2,050 $ 3,250 $ 350 $ 350 $ 2,400 $ 3,600 Parent funding Secured 12,123 11,550 652 1,975 12,775 13,525 Unsecured 1,250 — — 1,250 1,250 1,250 Total committed facilities $ 15,423 $ 14,800 $ 1,002 $ 3,575 $ 16,425 $ 18,375 (a) Funding from committed secured facilities is available on request in the event excess collateral resides in certain facilities or is available to the extent incremental collateral is available and contributed to the facilities. (b) Excludes off-balance sheet credit facility amounts. |
Accrued Expenses and Other Li48
Accrued Expenses and Other Liabilities (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Accounts Payable and Accrued Liabilities [Abstract] | |
Schedule of Accrued Liabilities [Table Text Block] | The components of accrued expenses and other liabilities were as follows. ( $ in millions ) March 31, 2017 December 31, 2016 Accounts payable $ 851 $ 649 Reserves for insurance losses and loss adjustment expenses 175 149 Employee compensation and benefits 156 232 Fair value of derivative contracts in payable position (a) 81 95 Deferred revenue 47 56 Cash collateral received from counterparties 12 10 Other liabilities 600 546 Total accrued expenses and other liabilities $ 1,922 $ 1,737 (a) For additional information on derivative instruments and hedging activities, refer to Note 19 . |
Accumulated Other Comprehensi49
Accumulated Other Comprehensive Loss (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Accumulated Other Comprehensive Income (Loss) [Abstract] | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | The following table presents changes, net of tax, in each component of accumulated other comprehensive loss. ($ in millions) Unrealized (losses) gains on investment securities (a) Translation adjustments and net investment hedges (b) Cash flow hedges (b) Defined benefit pension plans Accumulated other comprehensive loss Balance at December 31, 2015 $ (159 ) $ 9 $ 8 $ (89 ) $ (231 ) 2016 net change 142 5 — (1 ) 146 Balance at March 31, 2016 $ (17 ) $ 14 $ 8 $ (90 ) $ (85 ) Balance at December 31, 2016 $ (273 ) $ 14 $ 8 $ (90 ) $ (341 ) 2017 net change 21 — — (1 ) 20 Balance at March 31, 2017 $ (252 ) $ 14 $ 8 $ (91 ) $ (321 ) (a) Represents the after-tax difference between the fair value and amortized cost of our available-for-sale securities portfolio. (b) For additional information on derivative instruments and hedging activities, refer to Note 19 . |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | The following tables present the before- and after-tax changes in each component of accumulated other comprehensive loss. Three months ended March 31, 2017 ($ in millions) Before tax Tax effect After tax Investment securities Net unrealized gains arising during the period $ 51 $ (5 ) $ 46 Less: Net realized gains reclassified to income from continuing operations 27 (a) (2 ) (b) 25 Net change 24 (3 ) 21 Translation adjustments Net unrealized gains arising during the period 2 (1 ) 1 Net investment hedges (c) Net unrealized losses arising during the period (2 ) 1 (1 ) Defined benefit pension plans Net unrealized losses arising during the period (1 ) — (1 ) Other comprehensive income $ 23 $ (3 ) $ 20 (a) Includes gains reclassified to other gain on investments, net in our Condensed Consolidated Statement of Comprehensive Income . (b) Includes amounts reclassified to income tax expense from continuing operations in our Condensed Consolidated Statement of Comprehensive Income . (c) For additional information on derivative instruments and hedging activities, refer to Note 19 . Three months ended March 31, 2016 ($ in millions) Before tax Tax effect After tax Investment securities Net unrealized gains arising during the period $ 280 $ (104 ) $ 176 Less: Net realized gains reclassified to income from continuing operations 54 (a) (20 ) (b) 34 Net change 226 (84 ) 142 Translation adjustments Net unrealized gains arising during the period 13 (5 ) 8 Net investment hedges (c) Net unrealized losses arising during the period (6 ) 3 (3 ) Defined benefit pension plans Net unrealized losses arising during the period (1 ) — (1 ) Other comprehensive income $ 232 $ (86 ) $ 146 (a) Includes gains reclassified to other gain on investments, net in our Condensed Consolidated Statement of Comprehensive Income . (b) Includes amounts reclassified to income tax expense from continuing operations in our Condensed Consolidated Statement of Comprehensive Income . (c) For additional information on derivative instruments and hedging activities, refer to Note 19 . |
Earnings per Common Share (Tabl
Earnings per Common Share (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | The following table presents the calculation of basic and diluted earnings per common share. Three months ended March 31, ( $ in millions, except per share data; shares in thousands ) (a) 2017 2016 Net income from continuing operations $ 213 $ 247 Preferred stock dividends — (15 ) Net income from continuing operations attributable to common shareholders 213 232 Income from discontinued operations, net of tax 1 3 Net income attributable to common shareholders $ 214 $ 235 Basic weighted-average common shares outstanding (b) 465,961 484,233 Diluted weighted-average common shares outstanding (b) 466,829 484,654 Basic earnings per common share Net income from continuing operations $ 0.46 $ 0.48 Income from discontinued operations, net of tax — 0.01 Net income $ 0.46 $ 0.49 Diluted earnings per common share Net income from continuing operations $ 0.46 $ 0.48 Income from discontinued operations, net of tax — 0.01 Net income $ 0.46 $ 0.49 (a) Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers. (b) Includes shares related to share-based compensation that vested but were not yet issued for the three months ended March 31, 2017 , and 2016 , respectively. |
Regulatory Capital and Other 51
Regulatory Capital and Other Regulatory Matters (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Regulatory Capital Requirements [Abstract] | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | The following table summarizes our capital ratios under the U.S. Basel III capital framework. March 31, 2017 December 31, 2016 Required Well-capitalized ( $ in millions ) Amount Ratio Amount Ratio Capital ratios Common Equity Tier 1 (to risk-weighted assets) Ally Financial Inc. $ 12,923 9.40 % $ 12,978 9.37 % 4.50 % (a) Ally Bank 18,562 17.74 17,888 16.70 4.50 6.50 % Tier 1 (to risk-weighted assets) Ally Financial Inc. $ 15,245 11.09 % $ 15,147 10.93 % 6.00 % 6.00 % Ally Bank 18,562 17.74 17,888 16.70 6.00 8.00 Total (to risk-weighted assets) Ally Financial Inc. $ 17,459 12.70 % $ 17,419 12.57 % 8.00 % 10.00 % Ally Bank 19,167 18.32 18,458 17.24 8.00 10.00 Tier 1 leverage (to adjusted quarterly average assets) (b) Ally Financial Inc. $ 15,245 9.51 % $ 15,147 9.54 % 4.00 % (a) Ally Bank 18,562 15.38 17,888 15.21 15.00 (c) 5.00 % (a) Currently, there is no ratio component for determining whether a BHC is "well-capitalized." (b) Federal regulatory reporting guidelines require the calculation of adjusted quarterly average assets using a daily average methodology. (c) Ally Bank has committed to the FRB to maintain a Tier 1 leverage ratio of at least 15% . |
Derivative Instruments and He52
Derivative Instruments and Hedging Activities (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Fair Value Amounts of Derivative Instruments Reported On Our Condensed Consolidated Balance Sheet [Table Text Block] | The following table summarizes the fair value amounts of derivative instruments reported on our Condensed Consolidated Balance Sheet . The fair value amounts are presented on a gross basis, are segregated by derivatives that are designated and qualifying as hedging instruments or those that are not, and are further segregated by type of contract within those two categories. Notional amounts are reference amounts from which contractual obligations are derived and are not recorded on the balance sheet. In our view, derivative notional is not an accurate measure of our derivative exposure when viewed in isolation from other factors, such as market rate fluctuations and counterparty credit risk. March 31, 2017 December 31, 2016 Derivative contracts in a Notional Derivative contracts in a Notional ($ in millions) receivable payable receivable payable Derivatives designated as accounting hedges Interest rate contracts Swaps (c) (d) (e) $ 18 $ 17 $ 3,939 $ 19 $ 21 $ 4,731 Foreign exchange contracts Forwards — 1 150 1 — 171 Total derivatives designated as accounting hedges 18 18 4,089 20 21 4,902 Derivatives not designated as accounting hedges Interest rate contracts Swaps — — 43 — — 137 Futures and forwards — — 25 — — — Written options — 62 13,432 — 73 14,518 Purchased options 62 — 13,407 73 — 14,517 Total interest rate risk 62 62 26,907 73 73 29,172 Foreign exchange contracts Futures and forwards — 1 94 1 — 92 Total foreign exchange risk — 1 94 1 — 92 Equity contracts Written options — — — — 1 — Purchased options — — — 1 — — Total equity risk — — — 1 1 — Total derivatives not designated as accounting hedges 62 63 27,001 75 74 29,264 Total derivatives $ 80 $ 81 $ 31,090 $ 95 $ 95 $ 34,166 (a) Derivative contracts in a receivable position are classified as other assets on the Condensed Consolidated Balance Sheet , and include accrued interest of $3 million and $7 million at March 31, 2017 , and December 31, 2016 , respectively. (b) Derivative contracts in a liability position are classified as accrued expenses and other liabilities on the Condensed Consolidated Balance Sheet , and include accrued interest of $0 million and $1 million at March 31, 2017 , and December 31, 2016 , respectively. (c) Includes fair value hedges consisting of receive-fixed swaps on fixed-rate unsecured debt obligations with $11 million and $8 million in a receivable position, $18 million and $14 million in a payable position, and a $2.6 billion and $1.7 billion notional amount at March 31, 2017 , and December 31, 2016 , respectively. The hedge notional amount of $2.6 billion at March 31, 2017 , is associated with debt maturing in approximately five or more years. (d) Includes fair value hedges consisting of receive-fixed swaps on fixed-rate secured debt obligations (FHLB advances) with $0 million and $0 million in a receivable position, $0 million and $7 million in a payable position, and a $0 million and $240 million notional amount at March 31, 2017 , and December 31, 2016 , respectively. (e) Other fair value hedges include pay-fixed swaps on portfolios of held-for-investment automotive loan assets with $7 million and $10 million in a receivable position, $0 million and $1 million in a payable position, and a $1.4 billion and $2.8 billion notional amount at March 31, 2017 , and December 31, 2016 , respectively. |
Gains and Losses On Derivative Instruments Reported in Statement of Comprehensive Income [Table Text Block] | The following table summarizes the location and amounts of gains and losses on derivative instruments reported in our Condensed Consolidated Statement of Comprehensive Income . Three months ended March 31, ( $ in millions ) 2017 2016 Derivatives qualifying for hedge accounting Gain (loss) recognized in earnings on derivatives Interest rate contracts Interest and fees on finance receivables and loans (a) $ 2 $ (28 ) Interest on long-term debt (b) (c) 4 191 (Loss) gain recognized in earnings on hedged items Interest rate contracts Interest and fees on finance receivables and loans (d) (4 ) 28 Interest on long-term debt (e) (f) (3 ) (196 ) Total derivatives qualifying for hedge accounting (1 ) (5 ) Derivatives not designated as accounting hedges (Loss) gain recognized in earnings on derivatives Interest rate contracts Other income, net of losses (2 ) 2 Total interest rate contracts (2 ) 2 Foreign exchange contracts (g) Interest on long-term debt — (1 ) Other income, net of losses (1 ) (4 ) Total foreign exchange contracts (1 ) (5 ) Equity contracts Compensation and benefits expense — (1 ) Total equity contracts — (1 ) Loss recognized in earnings on derivatives $ (4 ) $ (9 ) (a) Amounts exclude losses related to interest for qualifying accounting hedges of retail automotive loans held-for-investment, which are primarily offset by the fixed coupon payments of the loans. The losses were $1 million and $7 million for the three months ended March 31, 2017 , and 2016 , respectively. (b) Amounts exclude gains related to interest for qualifying accounting hedges of unsecured debt, which are primarily offset by the fixed coupon payment on the long-term debt. The gains were $5 million and $16 million for the three months ended March 31, 2017 , and 2016 , respectively. (c) Amounts exclude gains related to interest for qualifying accounting hedges of secured debt (FHLB advances), which are primarily offset by the fixed coupon payment on the long-term debt. The gains were $0 million and $1 million for the three months ended March 31, 2017 , and 2016 , respectively. (d) Amounts exclude losses related to amortization of deferred loan basis adjustments on the de-designated hedged item of $5 million for both the three months ended March 31, 2017 , and 2016 . (e) Amounts exclude gains related to amortization of deferred debt basis adjustments on the de-designated hedged item of $20 million and $18 million for the three months ended March 31, 2017 , and 2016 , respectively. (f) Amounts exclude losses related to amortization of deferred debt basis adjustments (FHLB advances) on the de-designated hedge item of $1 million and $0 million for the three months ended March 31, 2017, and 2016, respectively. (g) Amounts exclude gains and losses related to the revaluation of the related foreign-denominated debt or receivable. Gains of $1 million and $4 million were recognized for the three months ended March 31, 2017 , and 2016 , respectively. |
Derivative Instruments Used in Cash Flow and Net Investment Hedge Accounting Relationships [Table Text Block] | Losses of $2 million and $6 million were recognized in other comprehensive income for the three months ended March 31, 2017, and 2016, respectively. These amounts represent the effective portion of net investment hedges. There are offsetting amounts recognized in accumulated other comprehensive loss related to the revaluation of the related net investment in foreign operations, including the tax impacts of the hedge and related net investment, as disclosed separately in Note 16 . There were gains of $3 million and $11 million for the three months ended March 31, 2017 , and 2016, respectively. |
Fair Value (Tables)
Fair Value (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements - Recurring Basis [Table Text Block] | The following tables display the assets and liabilities measured at fair value on a recurring basis including financial instruments elected for the fair value option. We often economically hedge the fair value change of our assets or liabilities with derivatives and other financial instruments. The tables below display the hedges separately from the hedged items; therefore, they do not directly display the impact of our risk management activities. Recurring fair value measurements March 31, 2017 ($ in millions) Level 1 Level 2 Level 3 Total Assets Investment securities Available-for-sale securities Debt securities U.S. Treasury $ 2,225 $ — $ — $ 2,225 U.S. States and political subdivisions — 795 — 795 Foreign government 9 137 — 146 Agency mortgage-backed residential — 11,862 — 11,862 Mortgage-backed residential — 1,996 — 1,996 Mortgage-backed commercial — 534 — 534 Asset-backed — 1,051 — 1,051 Corporate debt — 1,255 — 1,255 Total debt securities 2,234 17,630 — 19,864 Equity securities (a) 444 — — 444 Total available-for-sale securities 2,678 17,630 — 20,308 Mortgage loans held-for-sale — — 1 1 Interests retained in financial asset sales — — 31 31 Derivative contracts in a receivable position (b) Interest rate — 80 — 80 Total derivative contracts in a receivable position — 80 — 80 Total assets $ 2,678 $ 17,710 $ 32 $ 20,420 Liabilities Accrued expenses and other liabilities Derivative contracts in a payable position (b) Interest rate $ — $ (80 ) $ — $ (80 ) Foreign currency — (1 ) — (1 ) Total derivative contracts in a payable position — (81 ) — (81 ) Total liabilities $ — $ (81 ) $ — $ (81 ) (a) Our investment in any one industry did not exceed 16% . (b) For additional information on derivative instruments and hedging activities, refer to Note 19 . Recurring fair value measurements December 31, 2016 ($ in millions) Level 1 Level 2 Level 3 Total Assets Investment securities Available-for-sale securities Debt securities U.S. Treasury $ 1,620 $ — $ — $ 1,620 U.S. States and political subdivisions — 782 — 782 Foreign government 11 151 — 162 Agency mortgage-backed residential — 10,290 — 10,290 Mortgage-backed residential — 2,097 — 2,097 Mortgage-backed commercial — 537 — 537 Asset-backed — 1,400 — 1,400 Corporate debt — 1,443 — 1,443 Total debt securities 1,631 16,700 — 18,331 Equity securities (a) 595 — — 595 Total available-for-sale securities 2,226 16,700 — 18,926 Other assets Interests retained in financial asset sales — — 29 29 Derivative contracts in a receivable position (b) Interest rate — 92 — 92 Foreign currency — 2 — 2 Other 1 — — 1 Total derivative contracts in a receivable position 1 94 — 95 Total assets $ 2,227 $ 16,794 $ 29 $ 19,050 Liabilities Accrued expenses and other liabilities Derivative contracts in a payable position (b) Interest rate $ — $ (94 ) $ — $ (94 ) Other (1 ) — — (1 ) Total derivative contracts in a payable position (1 ) (94 ) — (95 ) Total liabilities $ (1 ) $ (94 ) $ — $ (95 ) (a) Our investment in any one industry did not exceed 14% . (b) For additional information on derivative instruments and hedging activities, refer to Note 19 . The following tables present the reconciliation for all Level 3 assets and liabilities measured at fair value on a recurring basis. We often economically hedge the fair value change of our assets or liabilities with derivatives and other financial instruments. The Level 3 items presented below may be hedged by derivatives and other financial instruments that are classified as Level 1 or Level 2. Thus, the following tables do not fully reflect the impact of our risk management activities. |
Fair Value Measurements - Reconciliation of Level 3 Assets and Liabilities [Table Text Block] | The following tables present the reconciliation for all Level 3 assets and liabilities measured at fair value on a recurring basis. We often economically hedge the fair value change of our assets or liabilities with derivatives and other financial instruments. The Level 3 items presented below may be hedged by derivatives and other financial instruments that are classified as Level 1 or Level 2. Thus, the following tables do not fully reflect the impact of our risk management activities. Level 3 recurring fair value measurements Net realized/unrealized Fair value at Net unrealized gains included in earnings ($ in millions) Fair value at Jan. 1, 2017 included in earnings included in OCI Purchases Sales Issuances Settlements Assets Mortgage loans held-for-sale $ — $ — $ — $ 3 $ (2 ) $ — $ — $ 1 $ — Other assets Interests retained in financial asset sales 29 — — — 4 — (2 ) 31 — Total assets $ 29 $ — $ — $ 3 $ 2 $ — $ (2 ) $ 32 $ — Level 3 recurring fair value measurements Fair value at Jan. 1, 2016 Net realized/unrealized Purchases Sales Issuances Settlements Fair value at Net unrealized gains included in earnings ($ in millions) included in earnings included in OCI Assets Other assets Interests retained in financial asset sales $ 40 $ 2 (a) $ — $ — $ 4 $ — $ (15 ) $ 31 $ — Total assets $ 40 $ 2 $ — $ — $ 4 $ — $ (15 ) $ 31 $ — (a) Reported as other income, net of losses, in the Condensed Consolidated Statement of Comprehensive Income . |
Fair Value Measurements - Nonrecurring Basis [Table Text Block] | The following tables display the assets and liabilities measured at fair value on a nonrecurring basis. Nonrecurring Lower-of-cost or Total gain (loss) included in earnings for the three months ended March 31, 2017 ($ in millions) Level 1 Level 2 Level 3 Total Assets Commercial finance receivables and loans, net (a) Commercial and industrial Automotive $ — $ — $ 29 $ 29 $ (3 ) n/m (b) Other — — 61 61 (21 ) n/m (b) Total commercial finance receivables and loans, net — — 90 90 (24 ) n/m (b) Other assets Repossessed and foreclosed assets (c) — — 15 15 (2 ) n/m (b) Other — — 4 4 — n/m (b) Total assets $ — $ — $ 109 $ 109 $ (26 ) n/m n/m = not meaningful (a) Represents the portion of the portfolio specifically impaired during 2017 . The related valuation allowance represents the cumulative adjustment to fair value of those specific receivables. (b) We consider the applicable valuation or loan loss allowance to be the most relevant indicator of the impact on earnings caused by the fair value measurement. Accordingly, the table above excludes total gains and losses included in earnings for these items. The carrying values are inclusive of the respective valuation or loan loss allowance. (c) The allowance provided for repossessed and foreclosed assets represents any cumulative valuation adjustment recognized to adjust the assets to fair value. Nonrecurring Lower-of-cost or Total gain (loss) included in earnings for the three months ended March 31, 2016 ($ in millions) Level 1 Level 2 Level 3 Total Assets Loans held-for-sale, net $ — $ — $ 39 $ 39 $ — n/m (a) Commercial finance receivables and loans, net (b) Commercial and industrial Automotive — — 17 17 (3 ) n/m (a) Other — — 28 28 (15 ) n/m (a) Total commercial finance receivables and loans, net — — 45 45 (18 ) n/m (a) Other assets Repossessed and foreclosed assets (c) — — 12 12 (3 ) n/m (a) Other — — 6 6 — n/m (a) Total assets $ — $ — $ 102 $ 102 $ (21 ) n/m n/m = not meaningful (a) We consider the applicable valuation or loan loss allowance to be the most relevant indicator of the impact on earnings caused by the fair value measurement. Accordingly, the table above excludes total gains and losses included in earnings for these items. The carrying values are inclusive of the respective valuation or loan loss allowance. (b) Represents the portion of the portfolio specifically impaired during 2016 . The related valuation allowance represents the cumulative adjustment to fair value of those specific receivables. (c) The allowance provided for repossessed and foreclosed assets represents any cumulative valuation adjustment recognized to adjust the assets to fair value. |
Fair Value of Financial Intruments [Table Text Block] | The following table presents the carrying and estimated fair value of financial instruments, except for those recorded at fair value on a recurring basis presented in the previous section of this note titled Recurring Fair Value. When possible, we use quoted market prices to determine fair value. Where quoted market prices are not available, the fair value is internally derived based on appropriate valuation methodologies with respect to the amount and timing of future cash flows and estimated discount rates. However, considerable judgment is required in interpreting current market data to develop the market assumptions and inputs necessary to estimate fair value. As such, the actual amount received to sell an asset or the amount paid to settle a liability could differ from our estimates. Fair value information presented herein was based on information available at March 31, 2017 , and December 31, 2016 . Estimated fair value ($ in millions) Carrying value Level 1 Level 2 Level 3 Total March 31, 2017 Financial assets Held-to-maturity securities $ 1,104 $ — $ 1,063 $ — $ 1,063 Finance receivables and loans, net 117,847 — — 119,420 119,420 Nonmarketable equity investments 833 — 795 59 854 Financial liabilities Deposit liabilities $ 84,486 $ — $ — $ 82,715 $ 82,715 Short-term borrowings 8,371 — — 8,372 8,372 Long-term debt 51,061 — 19,604 33,511 53,115 December 31, 2016 Financial assets Held-to-maturity securities $ 839 $ — $ 789 $ — $ 789 Finance receivables and loans, net 117,800 — — 118,750 118,750 Nonmarketable equity investments 1,046 — 1,012 55 1,067 Financial liabilities Deposit liabilities $ 79,022 $ — $ — $ 78,469 $ 78,469 Short-term borrowings 12,673 — — 12,675 12,675 Long-term debt 54,128 — 22,036 34,084 56,120 The following describes the methodologies and assumptions used to determine fair value for the significant classes of financial instruments. In addition to the valuation methods discussed below, we also followed guidelines for determining whether a market was not active and a transaction was not distressed. We assumed the price that would be received in an orderly transaction (including a market-based return) and not in forced liquidation or distressed sale. |
Offsetting Assets and Liabili54
Offsetting Assets and Liabilities Offsetting Assets and Liabilities (Assets) (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Offsetting Assets and Liabilities [Abstract] | |
Offsetting Assets [Table Text Block] | The composition of offsetting derivative instruments, financial assets, and financial liabilities was as follows. Gross amounts of recognized assets/(liabilities) Gross amounts offset in the Condensed Consolidated Balance Sheet Net amounts of assets/(liabilities) Gross amounts not offset in the Condensed Consolidated Balance Sheet March 31, 2017 ($ in millions) Financial instruments Collateral Net amount Assets Derivative assets in net asset positions $ 78 $ — $ 78 $ (5 ) $ (8 ) $ 65 Derivative assets in net liability positions 2 — 2 (2 ) — — Total assets (d) $ 80 $ — $ 80 $ (7 ) $ (8 ) $ 65 Liabilities Derivative liabilities in net liability positions $ (76 ) $ — $ (76 ) $ 2 $ 14 $ (60 ) Derivative liabilities in net asset positions (5 ) — (5 ) 5 — — Total derivative liabilities (d) (81 ) — (81 ) 7 14 (60 ) Securities sold under agreements to repurchase (e) (1,146 ) — (1,146 ) — 1,146 — Total liabilities $ (1,227 ) $ — $ (1,227 ) $ 7 $ 1,160 $ (60 ) (a) Financial collateral received/pledged shown as a balance based on the sum of all net asset and liability positions between Ally and each individual derivative counterparty. (b) Amounts disclosed are limited to the financial asset or liability balance and, accordingly, exclude excess collateral received or pledged and noncash collateral received. $6 million of noncash derivative collateral pledged to us was excluded at March 31, 2017 . We do not record such collateral received on our Condensed Consolidated Balance Sheet unless certain conditions are met. (c) Certain agreements grant us the right to sell or pledge the noncash assets we receive as collateral. Noncash collateral pledged to us where the agreement grants us the right to sell or pledge the underlying assets had a fair value of $6 million at March 31, 2017 . We have not sold or pledged any of the noncash collateral received under these agreements as of March 31, 2017 . (d) For additional information on derivative instruments and hedging activities, refer to Note 19 . (e) For additional information on securities sold under agreements to repurchase, refer to Note 14 . Gross amounts of recognized assets/(liabilities) Gross amounts offset in the Condensed Consolidated Balance Sheet Net amounts of assets/(liabilities) Gross amounts not offset in the Condensed Consolidated Balance Sheet December 31, 2016 ( $ in millions ) Financial instruments Collateral Net amount Assets Derivative assets in net asset positions $ 87 $ — $ 87 $ (4 ) $ (9 ) $ 74 Derivative assets in net liability positions 8 — 8 (8 ) — — Total assets (d) $ 95 $ — $ 95 $ (12 ) $ (9 ) $ 74 Liabilities Derivative liabilities in net liability positions $ (91 ) $ — $ (91 ) $ 8 $ 13 $ (70 ) Derivative liabilities in net asset positions (4 ) — (4 ) 4 — — Total derivative liabilities (d) (95 ) — (95 ) 12 13 (70 ) Securities sold under agreements to repurchase (e) (676 ) — (676 ) — 676 — Total liabilities $ (771 ) $ — $ (771 ) $ 12 $ 689 $ (70 ) (a) Financial collateral received/pledged shown as a balance based on the sum of all net asset and liability positions between Ally and each individual derivative counterparty. (b) Amounts disclosed are limited to the financial asset or liability balance and, accordingly, exclude excess collateral received or pledged and noncash collateral received. $6 million of noncash derivative collateral pledged to us was excluded at December 31, 2016. We do not record such collateral received on our Condensed Consolidated Balance Sheet unless certain conditions are met. (c) Certain agreements grant us the right to sell or pledge the noncash assets we receive as collateral. Noncash collateral pledged to us where the agreement grants us the right to sell or pledge the underlying assets had a fair value of $6 million at December 31, 2016. We have not sold or pledged any of the noncash collateral received under these agreements as of December 31, 2016. (d) For additional information on derivative instruments and hedging activities, refer to Note 19 . (e) For additional information on securities sold under agreements to repurchase, refer to Note 14 . |
Offsetting Assets and Liabili55
Offsetting Assets and Liabilities Offsetting Assets and Liabilities (Liabilities) (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Offsetting Liabilities [Abstract] | |
Offsetting Liabilities [Table Text Block] | The composition of offsetting derivative instruments, financial assets, and financial liabilities was as follows. Gross amounts of recognized assets/(liabilities) Gross amounts offset in the Condensed Consolidated Balance Sheet Net amounts of assets/(liabilities) Gross amounts not offset in the Condensed Consolidated Balance Sheet March 31, 2017 ($ in millions) Financial instruments Collateral Net amount Assets Derivative assets in net asset positions $ 78 $ — $ 78 $ (5 ) $ (8 ) $ 65 Derivative assets in net liability positions 2 — 2 (2 ) — — Total assets (d) $ 80 $ — $ 80 $ (7 ) $ (8 ) $ 65 Liabilities Derivative liabilities in net liability positions $ (76 ) $ — $ (76 ) $ 2 $ 14 $ (60 ) Derivative liabilities in net asset positions (5 ) — (5 ) 5 — — Total derivative liabilities (d) (81 ) — (81 ) 7 14 (60 ) Securities sold under agreements to repurchase (e) (1,146 ) — (1,146 ) — 1,146 — Total liabilities $ (1,227 ) $ — $ (1,227 ) $ 7 $ 1,160 $ (60 ) (a) Financial collateral received/pledged shown as a balance based on the sum of all net asset and liability positions between Ally and each individual derivative counterparty. (b) Amounts disclosed are limited to the financial asset or liability balance and, accordingly, exclude excess collateral received or pledged and noncash collateral received. $6 million of noncash derivative collateral pledged to us was excluded at March 31, 2017 . We do not record such collateral received on our Condensed Consolidated Balance Sheet unless certain conditions are met. (c) Certain agreements grant us the right to sell or pledge the noncash assets we receive as collateral. Noncash collateral pledged to us where the agreement grants us the right to sell or pledge the underlying assets had a fair value of $6 million at March 31, 2017 . We have not sold or pledged any of the noncash collateral received under these agreements as of March 31, 2017 . (d) For additional information on derivative instruments and hedging activities, refer to Note 19 . (e) For additional information on securities sold under agreements to repurchase, refer to Note 14 . Gross amounts of recognized assets/(liabilities) Gross amounts offset in the Condensed Consolidated Balance Sheet Net amounts of assets/(liabilities) Gross amounts not offset in the Condensed Consolidated Balance Sheet December 31, 2016 ( $ in millions ) Financial instruments Collateral Net amount Assets Derivative assets in net asset positions $ 87 $ — $ 87 $ (4 ) $ (9 ) $ 74 Derivative assets in net liability positions 8 — 8 (8 ) — — Total assets (d) $ 95 $ — $ 95 $ (12 ) $ (9 ) $ 74 Liabilities Derivative liabilities in net liability positions $ (91 ) $ — $ (91 ) $ 8 $ 13 $ (70 ) Derivative liabilities in net asset positions (4 ) — (4 ) 4 — — Total derivative liabilities (d) (95 ) — (95 ) 12 13 (70 ) Securities sold under agreements to repurchase (e) (676 ) — (676 ) — 676 — Total liabilities $ (771 ) $ — $ (771 ) $ 12 $ 689 $ (70 ) (a) Financial collateral received/pledged shown as a balance based on the sum of all net asset and liability positions between Ally and each individual derivative counterparty. (b) Amounts disclosed are limited to the financial asset or liability balance and, accordingly, exclude excess collateral received or pledged and noncash collateral received. $6 million of noncash derivative collateral pledged to us was excluded at December 31, 2016. We do not record such collateral received on our Condensed Consolidated Balance Sheet unless certain conditions are met. (c) Certain agreements grant us the right to sell or pledge the noncash assets we receive as collateral. Noncash collateral pledged to us where the agreement grants us the right to sell or pledge the underlying assets had a fair value of $6 million at December 31, 2016. We have not sold or pledged any of the noncash collateral received under these agreements as of December 31, 2016. (d) For additional information on derivative instruments and hedging activities, refer to Note 19 . (e) For additional information on securities sold under agreements to repurchase, refer to Note 14 . |
Segment Information (Tables)
Segment Information (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Segment Reporting [Abstract] | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Financial information for our reportable operating segments is summarized as follows. Three months ended March 31, ($ in millions) Automotive Finance operations Insurance operations Mortgage Finance operations Corporate Finance operations Corporate and Other Consolidated (a) 2017 Net financing revenue and other interest income $ 892 $ 15 $ 34 $ 34 $ 4 $ 979 Other revenue 101 264 — 18 13 396 Total net revenue 993 279 34 52 17 1,375 Provision for loan losses 268 — 1 6 (4 ) 271 Total noninterest expense 437 239 24 21 57 778 Income (loss) from continuing operations before income tax expense $ 288 $ 40 $ 9 $ 25 $ (36 ) $ 326 Total assets $ 115,154 $ 7,230 $ 8,362 $ 3,438 $ 27,917 $ 162,101 2016 Net financing revenue and other interest income (loss) $ 896 $ 14 $ 20 $ 28 $ (7 ) $ 951 Other revenue 77 254 — 6 39 376 Total net revenue 973 268 20 34 32 1,327 Provision for loan losses 209 — 3 6 2 220 Total noninterest expense 427 218 15 17 33 710 Income (loss) from continuing operations before income tax expense $ 337 $ 50 $ 2 $ 11 $ (3 ) $ 397 Total assets $ 112,289 $ 7,194 $ 7,493 $ 2,839 $ 26,690 $ 156,505 (a) Net financing revenue and other interest income after the provision for loan losses totaled $708 million and $731 million for the three months ended March 31, 2017 , and 2016 , respectively. |
Parent and Guarantor Condense57
Parent and Guarantor Condensed Consolidating Financial Statements (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Condensed Income Statement [Table Text Block] | Condensed Consolidating Statements of Comprehensive Income Three months ended March 31, 2017 ($ in millions) Parent Guarantors Nonguarantors Consolidating adjustments Ally consolidated Financing (loss) revenue and other interest income Interest and fees on finance receivables and loans $ (35 ) $ — $ 1,403 $ — $ 1,368 Interest and fees on finance receivables and loans — intercompany 4 — 3 (7 ) — Interest and dividends on investment securities and other earning assets — — 135 (1 ) 134 Interest on cash and cash equivalents 2 — 3 — 5 Interest-bearing cash — intercompany — — 1 (1 ) — Operating leases 3 — 540 — 543 Total financing (loss) revenue and other interest income (26 ) — 2,085 (9 ) 2,050 Interest expense Interest on deposits 1 — 230 — 231 Interest on short-term borrowings 17 — 10 — 27 Interest on long-term debt 281 — 143 — 424 Interest on intercompany debt 4 — 4 (8 ) — Total interest expense 303 — 387 (8 ) 682 Net depreciation expense on operating lease assets 2 — 387 — 389 Net financing revenue (331 ) — 1,311 (1 ) 979 Cash dividends from subsidiaries Nonbank subsidiaries 41 — — (41 ) — Other revenue Insurance premiums and service revenue earned — — 241 — 241 (Loss) gain on mortgage and automotive loans, net (2 ) — 16 — 14 Loss on extinguishment of debt — — (1 ) — (1 ) Other gain on investments, net — — 27 — 27 Other income, net of losses 268 — 224 (377 ) 115 Total other revenue 266 — 507 (377 ) 396 Total net revenue (24 ) — 1,818 (419 ) 1,375 Provision for loan losses 107 — 164 — 271 Noninterest expense Compensation and benefits expense 122 — 163 — 285 Insurance losses and loss adjustment expenses — — 88 — 88 Other operating expenses 288 — 494 (377 ) 405 Total noninterest expense 410 — 745 (377 ) 778 (Loss) income from continuing operations before income tax (benefit) expense and undistributed income (loss) of subsidiaries (541 ) — 909 (42 ) 326 Income tax (benefit) expense from continuing operations (134 ) — 247 — 113 Net (loss) income from continuing operations (407 ) — 662 (42 ) 213 Income (loss) from discontinued operations, net of tax 2 — (1 ) — 1 Undistributed income of subsidiaries Bank subsidiary 389 389 — (778 ) — Nonbank subsidiaries 230 — — (230 ) — Net income 214 389 661 (1,050 ) 214 Other comprehensive income, net of tax 20 5 19 (24 ) 20 Comprehensive income $ 234 $ 394 $ 680 $ (1,074 ) $ 234 Three months ended March 31, 2016 ($ in millions) Parent Guarantors Nonguarantors Consolidating adjustments Ally consolidated Financing (loss) revenue and other interest income Interest and fees on finance receivables and loans $ (38 ) $ — $ 1,273 $ — $ 1,235 Interest and fees on finance receivables and loans — intercompany 3 — 2 (5 ) — Interest and dividends on investment securities and other earning assets — — 102 — 102 Interest on cash and cash equivalents 1 — 2 — 3 Interest-bearing cash — intercompany — — 2 (2 ) — Operating leases 5 — 764 — 769 Total financing (loss) revenue and other interest income (29 ) — 2,145 (7 ) 2,109 Interest expense Interest on deposits 2 — 191 — 193 Interest on short-term borrowings 10 — 3 — 13 Interest on long-term debt 289 — 153 — 442 Interest on intercompany debt 4 — 3 (7 ) — Total interest expense 305 — 350 (7 ) 648 Net depreciation expense on operating lease assets 4 — 506 — 510 Net financing revenue (338 ) — 1,289 — 951 Cash dividends from subsidiaries Nonbank subsidiaries 482 — — (482 ) — Other revenue Insurance premiums and service revenue earned — — 230 — 230 (Loss) gain on mortgage and automotive loans, net (3 ) — 4 — 1 Loss on extinguishment of debt (2 ) — (2 ) — (4 ) Other gain on investments, net — — 54 — 54 Other income, net of losses 374 — 217 (496 ) 95 Total other revenue 369 — 503 (496 ) 376 Total net revenue 513 — 1,792 (978 ) 1,327 Provision for loan losses 60 — 160 — 220 Noninterest expense Compensation and benefits expense 147 — 105 — 252 Insurance losses and loss adjustment expenses — — 73 — 73 Other operating expenses 340 — 542 (497 ) 385 Total noninterest expense 487 — 720 (497 ) 710 (Loss) income from continuing operations before income tax (benefit) expense and undistributed income (loss) of subsidiaries (34 ) — 912 (481 ) 397 Income tax (benefit) expense from continuing operations (43 ) — 193 — 150 Net (loss) income from continuing operations 9 — 719 (481 ) 247 Income (loss) from discontinued operations, net of tax 6 — (3 ) — 3 Undistributed income (loss) of subsidiaries Bank subsidiary 270 270 — (540 ) — Nonbank subsidiaries (35 ) — — 35 — Net income 250 270 716 (986 ) 250 Other comprehensive income, net of tax 146 84 151 (235 ) 146 Comprehensive income $ 396 $ 354 $ 867 $ (1,221 ) $ 396 |
Condensed Balance Sheet [Table Text Block] | Condensed Consolidating Balance Sheet March 31, 2017 ($ in millions) Parent (a) Guarantors Nonguarantors (a) Consolidating adjustments Ally consolidated Assets Cash and cash equivalents Noninterest-bearing $ 690 $ — $ 823 $ — $ 1,513 Interest-bearing 800 — 1,989 — 2,789 Interest-bearing — intercompany — — 641 (641 ) — Total cash and cash equivalents 1,490 — 3,453 (641 ) 4,302 Available-for-sale securities 6 — 20,308 (6 ) 20,308 Held-to-maturity securities — — 1,155 (51 ) 1,104 Loans held-for-sale, net — — 1 — 1 Finance receivables and loans, net Finance receivables and loans, net 4,864 — 114,138 — 119,002 Intercompany loans to Bank subsidiary 425 — — (425 ) — Nonbank subsidiaries 1,376 — 456 (1,832 ) — Allowance for loan losses (121 ) — (1,034 ) — (1,155 ) Total finance receivables and loans, net 6,544 — 113,560 (2,257 ) 117,847 Investment in operating leases, net 35 — 10,426 — 10,461 Intercompany receivables from Bank subsidiary 32 — — (32 ) — Nonbank subsidiaries 46 — 255 (301 ) — Investment in subsidiaries Bank subsidiary 18,405 18,405 — (36,810 ) — Nonbank subsidiaries 9,680 — — (9,680 ) — Premiums receivable and other insurance assets — — 1,974 (30 ) 1,944 Other assets 4,275 — 4,764 (2,905 ) 6,134 Total assets $ 40,513 $ 18,405 $ 155,896 $ (52,713 ) $ 162,101 Liabilities Deposit liabilities Noninterest-bearing $ — $ — $ 102 $ — $ 102 Interest-bearing 85 — 84,299 — 84,384 Total deposit liabilities 85 — 84,401 — 84,486 Short-term borrowings 4,901 — 3,470 — 8,371 Long-term debt 20,156 — 30,905 — 51,061 Intercompany debt to Bank subsidiary 51 — — (51 ) — Nonbank subsidiaries 1,097 — 1,807 (2,904 ) — Intercompany payables to Bank subsidiary 127 — — (127 ) — Nonbank subsidiaries 180 — 57 (237 ) — Interest payable 231 — 151 — 382 Unearned insurance premiums and service revenue — — 2,514 — 2,514 Accrued expenses and other liabilities 320 — 4,506 (2,904 ) 1,922 Total liabilities 27,148 — 127,811 (6,223 ) 148,736 Total equity 13,365 18,405 28,085 (46,490 ) 13,365 Total liabilities and equity $ 40,513 $ 18,405 $ 155,896 $ (52,713 ) $ 162,101 (a) Amounts presented are based upon the legal transfer of the underlying assets to VIEs in order to reflect legal ownership. December 31, 2016 ($ in millions) Parent (a) Guarantors Nonguarantors (a) Consolidating adjustments Ally consolidated Assets Cash and cash equivalents Noninterest-bearing $ 720 $ — $ 827 $ — $ 1,547 Interest-bearing 100 — 4,287 — 4,387 Interest-bearing — intercompany — — 401 (401 ) — Total cash and cash equivalents 820 — 5,515 (401 ) 5,934 Trading securities — — 82 (82 ) — Available-for-sale securities — — 19,253 (327 ) 18,926 Held-to-maturity securities — — 839 — 839 Finance receivables and loans, net Finance receivables and loans, net 4,705 — 114,239 — 118,944 Intercompany loans to Bank subsidiary 1,125 — — (1,125 ) — Nonbank subsidiaries 1,779 — 626 (2,405 ) — Allowance for loan losses (115 ) — (1,029 ) — (1,144 ) Total finance receivables and loans, net 7,494 — 113,836 (3,530 ) 117,800 Investment in operating leases, net 42 — 11,428 — 11,470 Intercompany receivables from Bank subsidiary 299 — — (299 ) — Nonbank subsidiaries 107 — 67 (174 ) — Investment in subsidiaries Bank subsidiary 17,727 17,727 — (35,454 ) — Nonbank subsidiaries 10,318 — — (10,318 ) — Premiums receivable and other insurance assets — — 1,936 (31 ) 1,905 Other assets 4,347 — 5,085 (2,578 ) 6,854 Total assets $ 41,154 $ 17,727 $ 158,041 $ (53,194 ) $ 163,728 Liabilities Deposit liabilities Noninterest-bearing $ — $ — $ 84 $ — $ 84 Interest-bearing 167 — 78,771 — 78,938 Total deposit liabilities 167 — 78,855 — 79,022 Short-term borrowings 3,622 — 9,051 — 12,673 Long-term debt 21,798 — 32,330 — 54,128 Intercompany debt to Bank subsidiary 330 — — (330 ) — Nonbank subsidiaries 1,027 — 2,903 (3,930 ) — Intercompany payables to Nonbank subsidiaries 153 — 351 (504 ) — Interest payable 253 — 98 — 351 Unearned insurance premiums and service revenue — — 2,500 — 2,500 Accrued expenses and other liabilities 487 — 3,911 (2,661 ) 1,737 Total liabilities 27,837 — 129,999 (7,425 ) 150,411 Total equity 13,317 17,727 28,042 (45,769 ) 13,317 Total liabilities and equity $ 41,154 $ 17,727 $ 158,041 $ (53,194 ) $ 163,728 (a) Amounts presented are based upon the legal transfer of the underlying assets to VIEs in order to reflect legal ownership. |
Condensed Cash Flow Statement [Table Text Block] | Condensed Consolidating Statement of Cash Flows Three months ended March 31, 2017 ($ in millions) Parent Guarantors Nonguarantors Consolidating adjustments Ally consolidated Operating activities Net cash (used in) provided by operating activities $ (149 ) $ — $ 1,284 $ 40 $ 1,175 Investing activities Purchases of available-for-sale securities — — (2,833 ) — (2,833 ) Proceeds from sales of available-for-sale securities — — 1,045 — 1,045 Proceeds from maturities and repayments of available-for-sale securities — — 589 — 589 Purchases of held-to-maturity securities — — (215 ) — (215 ) Proceeds from maturities and repayments of held-to-maturity securities — — 5 — 5 Net change in investment securities — intercompany 1 — 261 (262 ) — Purchases of loans held-for-investment (15 ) — (390 ) — (405 ) Proceeds from sales of finance receivables and loans originated as held-for-investment — — 1,164 — 1,164 Originations and repayments of loans held-for-investment and other 931 — (1,145 ) (960 ) (1,174 ) Net change in loans — intercompany 1,146 — 170 (1,316 ) — Purchases of operating lease assets — — (893 ) — (893 ) Disposals of operating lease assets 1 — 1,544 — 1,545 Capital contributions to subsidiaries (83 ) — — 83 — Returns of contributed capital 645 — — (645 ) — Net change in restricted cash (27 ) — 385 (3 ) 355 Net change in nonmarketable equity investments — — 213 — 213 Other, net (26 ) — 58 (91 ) (59 ) Net cash provided by (used in) investing activities 2,573 — (42 ) (3,194 ) (663 ) Financing activities Net change in short-term borrowings — third party 1,278 — (5,581 ) — (4,303 ) Net (decrease) increase in deposits (82 ) — 5,533 — 5,451 Proceeds from issuance of long-term debt — third party 330 — 3,196 962 4,488 Repayments of long-term debt — third party (2,870 ) — (4,703 ) — (7,573 ) Net change in debt — intercompany (203 ) — (1,146 ) 1,349 — Repurchase of common stock (169 ) — — — (169 ) Dividends paid — third party (38 ) — — — (38 ) Dividends paid and returns of contributed capital — intercompany — — (686 ) 686 — Capital contributions from parent — — 83 (83 ) — Net cash used in financing activities (1,754 ) — (3,304 ) 2,914 (2,144 ) Effect of exchange-rate changes on cash and cash equivalents — — — — — Net increase (decrease) in cash and cash equivalents 670 — (2,062 ) (240 ) (1,632 ) Cash and cash equivalents at beginning of year 820 — 5,515 (401 ) 5,934 Cash and cash equivalents at March 31, $ 1,490 $ — $ 3,453 $ (641 ) $ 4,302 Three months ended March 31, 2016 ($ in millions) Parent Guarantors Nonguarantors Consolidating adjustments Ally consolidated Operating activities Net cash (used in) provided by operating activities $ (24 ) $ — $ 1,708 $ (482 ) $ 1,202 Investing activities Purchases of available-for-sale securities — — (4,870 ) — (4,870 ) Proceeds from sales of available-for-sale securities — — 4,175 — 4,175 Proceeds from maturities and repayments of available-for-sale securities — — 409 — 409 Purchases of held-to-maturity securities — — (118 ) — (118 ) Purchases of loans held-for-investment — — (1,402 ) — (1,402 ) Proceeds from sales of finance receivables and loans originated as held-for-investment — — 2,594 — 2,594 Originations and repayments of loans held-for-investment and other (292 ) — (392 ) — (684 ) Net change in loans — intercompany 683 — (44 ) (639 ) — Purchases of operating lease assets — — (701 ) — (701 ) Disposals of operating lease assets 2 — 1,533 — 1,535 Capital contributions to subsidiaries (128 ) — — 128 — Returns of contributed capital 223 — — (223 ) — Net change in restricted cash — — 48 — 48 Net change in nonmarketable equity investments — — (315 ) — (315 ) Other, net (32 ) — 12 — (20 ) Net cash provided by investing activities 456 — 929 (734 ) 651 Financing activities Net change in short-term borrowings — third party 187 — (2,926 ) — (2,739 ) Net (decrease) increase in deposits (10 ) — 3,790 — 3,780 Proceeds from issuance of long-term debt — third party 178 — 4,066 — 4,244 Repayments of long-term debt — third party (580 ) — (7,910 ) — (8,490 ) Net change in debt — intercompany (68 ) — (684 ) 752 — Repurchase of common stock (14 ) — — — (14 ) Dividends paid — third party (15 ) — — — (15 ) Dividends paid and returns of contributed capital — intercompany — — (705 ) 705 — Capital contributions from parent — — 128 (128 ) — Net cash used in financing activities (322 ) — (4,241 ) 1,329 (3,234 ) Effect of exchange-rate changes on cash and cash equivalents — — 2 — 2 Net increase (decrease) in cash and cash equivalents 110 — (1,602 ) 113 (1,379 ) Cash and cash equivalents at beginning of year 1,635 — 5,595 (850 ) 6,380 Cash and cash equivalents at March 31, $ 1,745 $ — $ 3,993 $ (737 ) $ 5,001 |
Description of Business, Basi58
Description of Business, Basis of Presentation, and Changes in Significant Accounting Policies Description of Business, Basis of Presentation, and Changes in Significant Accounting Policies (Details) $ in Millions | Mar. 31, 2016USD ($) |
Accounting Standards Adopted or Issued [Abstract] | |
Cumulative Effect of New Accounting Principle in Period of Adoption | $ 14 |
Acquisitions Acquisitions (Deta
Acquisitions Acquisitions (Details) - USD ($) | 3 Months Ended | |||
Mar. 31, 2017 | Dec. 31, 2016 | Aug. 01, 2016 | Jun. 01, 2016 | |
Business Acquisition [Line Items] | ||||
Payments to Acquire Businesses, Gross | $ 28,000,000 | $ 298,000,000 | ||
Amortization of Intangible Assets | $ 3,000,000 | |||
Goodwill | 240,000,000 | $ 240,000,000 | ||
Business Acquisition, Goodwill, Expected Tax Deductible Amount | 0 | |||
Other Intangible Assets [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill | 82,000,000 | |||
Cash and Cash Equivalents [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | 50,000,000 | |||
Other Assets [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill | 14,000,000 | |||
Deferred Tax Asset [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill | 4,000,000 | |||
Employee compensation and benefits [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | 40,000,000 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | (41,000,000) | |||
Other Liabilities [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | (4,000,000) | |||
Corporate and Other [Member] | ||||
Business Acquisition [Line Items] | ||||
Goodwill | 193,000,000 | 193,000,000 | $ 193,000,000 | |
Automotive Finance Operations [Member] | ||||
Business Acquisition [Line Items] | ||||
Goodwill | $ 20,000,000 | $ 20,000,000 | $ 20,000,000 |
Discontinued Operations (Detail
Discontinued Operations (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Discontinued Operations and Disposal Groups [Abstract] | ||
Disposal Group, Including Discontinued Operation, Operating Income (Loss) | $ 1 | $ 4 |
Discontinued Operation, Tax Effect of Discontinued Operation | $ 0 | $ 1 |
Other Income, Net of Losses (Sc
Other Income, Net of Losses (Schedule of Other Income, Net of Losses) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Other Nonoperating Income (Expense) [Abstract] | ||
Remarketing Fees | $ 29 | $ 28 |
Fees and Commissions, Other | 27 | 25 |
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets | 16 | 13 |
Income (Loss) from Equity Method Investments | 0 | 6 |
Other Income | 43 | 23 |
Noninterest Income, Other Operating Income | $ 115 | $ 95 |
Reserves for Insurance Losses62
Reserves for Insurance Losses and Loss Adjustment Expenses Reserves for Insurance Losses and Loss Adjustment Expenses (Schedule of Liability for Unpaid Claims and Claims Adjustment Expense) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Liability for Claims and Claims Adjustment Expenses (Rollforward) [Abstract] | ||
Liability for Claims and Claims Adjustment Expense | $ 149 | $ 169 |
Reinsurance Recoverable for Unpaid Claims and Claims Adjustments | 108 | 120 |
Liability for Unpaid Claims and Claims Adjustment Expense, Net | 41 | 49 |
Current Year Claims and Claims Adjustment Expense | 89 | 77 |
Prior Year Claims and Claims Adjustment Expense | (1) | (4) |
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | 88 | 73 |
Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid, Current Year | (45) | (37) |
Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid, Prior Years | (23) | (22) |
Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid | (68) | (59) |
Liability for Unpaid Claims and Claims Adjustment Expense, Foreign Currency Translation Gain (Loss) | 2 | 3 |
Liability for Unpaid Claims and Claims Adjustment Expense, Net | 63 | 66 |
Reinsurance Recoverable for Unpaid Claims and Claims Adjustments | 112 | 118 |
Liability for Claims and Claims Adjustment Expense | $ 175 | $ 184 |
Other Operating Expenses (Sched
Other Operating Expenses (Schedule Of Other Operating Expenses) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Operating Expenses [Abstract] | ||
Insurance Commissions | $ 99 | $ 94 |
Communications and Information Technology | 69 | 66 |
Lease And Loan Administration | 36 | 32 |
Marketing and Advertising Expense | 30 | 27 |
Vehicle remarketing and repossession | 28 | 24 |
Regulatory and licensing fees | 27 | 21 |
Professional Fees | 26 | 24 |
Depreciation, Nonproduction | 22 | 21 |
Occupancy, Net | 12 | 13 |
Taxes, Miscellaneous | 8 | 9 |
Other Cost and Expense, Operating | 48 | 54 |
Other Noninterest Expense | $ 405 | $ 385 |
Investment Securities (Investme
Investment Securities (Investment Table) (Details) - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Schedule of Investments [Line Items] | ||
Available-for-sale Securities, Amortized Cost Basis | $ 20,651 | $ 19,293 |
Available-for-sale Securities, Gross Unrealized Gains | 71 | 68 |
Available-for-sale Securities, Gross Unrealized Losses | (414) | (435) |
Available-for-sale securities | 20,308 | 18,926 |
Held-to-maturity securities | 1,104 | 839 |
Held-to-maturity Securities, Unrecognized Holding Gain | 2 | 0 |
Held-to-maturity Securities, Unrecognized Holding Loss | (43) | 50 |
Held-to-maturity Securities, Fair Value | 1,063 | 789 |
Deposit Assets | 12 | 14 |
Pledged Assets Separately Reported, Securities Pledged for Federal Home Loan Bank, at Fair Value | 3,235 | 4,881 |
Financial Instruments Owned and Pledged as Collateral, Amount Eligible to be Repledged by Counterparty | 1,257 | 737 |
Cash Equivalents, at Carrying Value | 1,100 | 291 |
Debt Securities [Member] | ||
Schedule of Investments [Line Items] | ||
Available-for-sale Debt Securities, Amortized Cost Basis | 20,170 | 18,651 |
Available-for-sale Debt Securities Gross Unrealized Gain | 62 | 61 |
Available-for-sale Debt Securities, Gross Unrealized Loss | (368) | (381) |
Available-for-sale Securities, Debt Securities | 19,864 | 18,331 |
US Treasury and Government [Member] | ||
Schedule of Investments [Line Items] | ||
Available-for-sale Debt Securities, Amortized Cost Basis | 2,276 | 1,680 |
Available-for-sale Debt Securities Gross Unrealized Gain | 1 | 0 |
Available-for-sale Debt Securities, Gross Unrealized Loss | (52) | (60) |
Available-for-sale Securities, Debt Securities | 2,225 | 1,620 |
US States and Political Subdivisions Debt Securities [Member] | ||
Schedule of Investments [Line Items] | ||
Available-for-sale Debt Securities, Amortized Cost Basis | 803 | 794 |
Available-for-sale Debt Securities Gross Unrealized Gain | 9 | 7 |
Available-for-sale Debt Securities, Gross Unrealized Loss | (17) | (19) |
Available-for-sale Securities, Debt Securities | 795 | 782 |
Foreign Government Debt Securities [Member] | ||
Schedule of Investments [Line Items] | ||
Available-for-sale Debt Securities, Amortized Cost Basis | 143 | 157 |
Available-for-sale Debt Securities Gross Unrealized Gain | 3 | 5 |
Available-for-sale Debt Securities, Gross Unrealized Loss | 0 | 0 |
Available-for-sale Securities, Debt Securities | 146 | 162 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Schedule of Investments [Line Items] | ||
Available-for-sale Debt Securities, Amortized Cost Basis | 12,054 | 10,473 |
Available-for-sale Debt Securities Gross Unrealized Gain | 31 | 29 |
Available-for-sale Debt Securities, Gross Unrealized Loss | (223) | (212) |
Available-for-sale Securities, Debt Securities | 11,862 | 10,290 |
Held-to-maturity securities | 1,052 | 839 |
Held-to-maturity Securities, Unrecognized Holding Gain | 2 | 0 |
Held-to-maturity Securities, Unrecognized Holding Loss | (43) | (50) |
Held-to-maturity Securities, Fair Value | 1,011 | 789 |
Residential Mortgage Backed Securities [Member] | ||
Schedule of Investments [Line Items] | ||
Available-for-sale Debt Securities, Amortized Cost Basis | 2,053 | 2,162 |
Available-for-sale Debt Securities Gross Unrealized Gain | 4 | 5 |
Available-for-sale Debt Securities, Gross Unrealized Loss | (61) | (70) |
Available-for-sale Securities, Debt Securities | 1,996 | 2,097 |
Commercial Mortgage Backed Securities [Member] | ||
Schedule of Investments [Line Items] | ||
Available-for-sale Debt Securities, Amortized Cost Basis | 533 | 537 |
Available-for-sale Debt Securities Gross Unrealized Gain | 2 | 2 |
Available-for-sale Debt Securities, Gross Unrealized Loss | (1) | (2) |
Available-for-sale Securities, Debt Securities | 534 | 537 |
Asset-backed Securities [Member] | ||
Schedule of Investments [Line Items] | ||
Available-for-sale Debt Securities, Amortized Cost Basis | 1,046 | 1,396 |
Available-for-sale Debt Securities Gross Unrealized Gain | 6 | 6 |
Available-for-sale Debt Securities, Gross Unrealized Loss | (1) | (2) |
Available-for-sale Securities, Debt Securities | 1,051 | 1,400 |
Held-to-maturity securities | 52 | 0 |
Held-to-maturity Securities, Unrecognized Holding Gain | 0 | 0 |
Held-to-maturity Securities, Unrecognized Holding Loss | 0 | 0 |
Held-to-maturity Securities, Fair Value | 52 | 0 |
Corporate Debt Securities [Member] | ||
Schedule of Investments [Line Items] | ||
Available-for-sale Debt Securities, Amortized Cost Basis | 1,262 | 1,452 |
Available-for-sale Debt Securities Gross Unrealized Gain | 6 | 7 |
Available-for-sale Debt Securities, Gross Unrealized Loss | (13) | (16) |
Available-for-sale Securities, Debt Securities | 1,255 | 1,443 |
Equity Securities [Member] | ||
Schedule of Investments [Line Items] | ||
Available-for-sale Equity Securities, Amortized Cost Basis | 481 | 642 |
Available-for-sale Equity Securities, Gross Unrealized Gain | 9 | 7 |
Available-for-sale Equity Securities, Gross Unrealized Loss | (46) | (54) |
Available-for-sale Securities, Equity Securities | 444 | 595 |
Federal Home Loan Bank Certificates and Obligations (FHLB) [Member] | ||
Schedule of Investments [Line Items] | ||
Held-to-maturity Securities, Fair Value | $ 0 | $ 87 |
Investment Securities (Invest65
Investment Securities (Investments Classified by Contractual Maturity Date) (Details) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 |
Schedule of Investments [Line Items] | ||
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment | $ 839 | |
Held-to-Maturity Debt Securities, Yield | 2.90% | |
Held-to-maturity Securities, Debt Maturities, within One Year, Net Carrying Amount | $ 0 | |
Held-to-Maturity Debt Securities, Due in One Year or Less, Yield | 0.00% | |
Held-to-maturity Securities, Debt Maturities, after One Through Five Years, Net Carrying Amount | $ 0 | |
Held-to-Maturity Debt Securities, Due After One Year Through Five Years, Yield | 0.00% | |
Held-to-maturity Securities, Debt Maturities, after Five Through Ten Years, Net Carrying Amount | $ 0 | |
Held-to-Maturity Debt Securities, Due After Five Years Through Ten Years, Yield | 0.00% | |
Held-to-maturity Securities, Debt Maturities, after Ten Years, Net Carrying Amount | $ 839 | |
Held-to-Maturity Securities, Due After Ten Years, Yield | 2.90% | |
Debt Securities [Member] | ||
Schedule of Investments [Line Items] | ||
Available-for-sale Securities, Debt Securities | $ 19,864 | $ 18,331 |
Available-for-sale debt securities, Yield | 2.80% | 2.80% |
Available-for-sale debt securities, Due in one year or less, Amount | $ 165 | $ 138 |
Available-for-sale debt securities, Due in one year or less, Yield | 2.20% | 2.00% |
Available-for-sale debt securities, Due after one year through five years, Amount | $ 1,833 | $ 2,046 |
Available-for-sale debt securities, Due after one year through five years, Yield | 2.60% | 2.70% |
Available-for-sale debt securities, Due after five years through ten years, Amount | $ 2,751 | $ 2,498 |
Available-for-sale debt securities, Due after five years through ten years, Yield | 2.20% | 2.20% |
Available-for-sale debt securities, Due after ten years, Amount | $ 15,115 | $ 13,649 |
Available-for-sale debt securities, Due after ten years, Yield | 3.00% | 2.90% |
Available-for-sale Debt Securities, Amortized Cost Basis | $ 20,170 | $ 18,651 |
Amortized cost of available-for-sale debt securities, Due in one year or less, Amount | 165 | 138 |
Amortized cost of available-for-sale debt securities, Due after one year through five years, Amount | 1,826 | 2,040 |
Available-for-sale Securities, Debt Maturities, after Five Through Ten Years, Amortized Cost Basis | 2,806 | 2,563 |
Amortized cost of available-for-sale debt securities, Due after ten years, Amount | 15,373 | 13,910 |
US Treasury and Government [Member] | ||
Schedule of Investments [Line Items] | ||
Available-for-sale Securities, Debt Securities | $ 2,225 | $ 1,620 |
Available-for-sale debt securities, Yield | 1.80% | 1.70% |
Available-for-sale debt securities, Due in one year or less, Amount | $ 0 | $ 2 |
Available-for-sale debt securities, Due in one year or less, Yield | 0.00% | 4.60% |
Available-for-sale debt securities, Due after one year through five years, Amount | $ 262 | $ 60 |
Available-for-sale debt securities, Due after one year through five years, Yield | 1.80% | 1.60% |
Available-for-sale debt securities, Due after five years through ten years, Amount | $ 1,963 | $ 1,558 |
Available-for-sale debt securities, Due after five years through ten years, Yield | 1.80% | 1.70% |
Available-for-sale debt securities, Due after ten years, Amount | $ 0 | $ 0 |
Available-for-sale debt securities, Due after ten years, Yield | 0.00% | 0.00% |
Available-for-sale Debt Securities, Amortized Cost Basis | $ 2,276 | $ 1,680 |
US States and Political Subdivisions Debt Securities [Member] | ||
Schedule of Investments [Line Items] | ||
Available-for-sale Securities, Debt Securities | $ 795 | $ 782 |
Available-for-sale debt securities, Yield | 3.10% | 3.10% |
Available-for-sale debt securities, Due in one year or less, Amount | $ 66 | $ 64 |
Available-for-sale debt securities, Due in one year or less, Yield | 2.40% | 1.70% |
Available-for-sale debt securities, Due after one year through five years, Amount | $ 34 | $ 29 |
Available-for-sale debt securities, Due after one year through five years, Yield | 2.50% | 2.30% |
Available-for-sale debt securities, Due after five years through ten years, Amount | $ 175 | $ 172 |
Available-for-sale debt securities, Due after five years through ten years, Yield | 2.90% | 2.80% |
Available-for-sale debt securities, Due after ten years, Amount | $ 520 | $ 517 |
Available-for-sale debt securities, Due after ten years, Yield | 3.30% | 3.40% |
Available-for-sale Debt Securities, Amortized Cost Basis | $ 803 | $ 794 |
Foreign Government Debt Securities [Member] | ||
Schedule of Investments [Line Items] | ||
Available-for-sale Securities, Debt Securities | $ 146 | $ 162 |
Available-for-sale debt securities, Yield | 2.50% | 2.60% |
Available-for-sale debt securities, Due in one year or less, Amount | $ 0 | $ 0 |
Available-for-sale debt securities, Due in one year or less, Yield | 0.00% | 0.00% |
Available-for-sale debt securities, Due after one year through five years, Amount | $ 66 | $ 58 |
Available-for-sale debt securities, Due after one year through five years, Yield | 2.70% | 2.80% |
Available-for-sale debt securities, Due after five years through ten years, Amount | $ 80 | $ 104 |
Available-for-sale debt securities, Due after five years through ten years, Yield | 2.40% | 2.40% |
Available-for-sale debt securities, Due after ten years, Amount | $ 0 | $ 0 |
Available-for-sale debt securities, Due after ten years, Yield | 0.00% | 0.00% |
Available-for-sale Debt Securities, Amortized Cost Basis | $ 143 | $ 157 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Schedule of Investments [Line Items] | ||
Available-for-sale Securities, Debt Securities | $ 11,862 | $ 10,290 |
Available-for-sale debt securities, Yield | 3.00% | 2.90% |
Available-for-sale debt securities, Due in one year or less, Amount | $ 0 | $ 0 |
Available-for-sale debt securities, Due in one year or less, Yield | 0.00% | 0.00% |
Available-for-sale debt securities, Due after one year through five years, Amount | $ 0 | $ 0 |
Available-for-sale debt securities, Due after one year through five years, Yield | 0.00% | 0.00% |
Available-for-sale debt securities, Due after five years through ten years, Amount | $ 3 | $ 29 |
Available-for-sale debt securities, Due after five years through ten years, Yield | 2.90% | 2.60% |
Available-for-sale debt securities, Due after ten years, Amount | $ 11,859 | $ 10,261 |
Available-for-sale debt securities, Due after ten years, Yield | 3.00% | 2.90% |
Available-for-sale Debt Securities, Amortized Cost Basis | $ 12,054 | $ 10,473 |
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment | $ 1,052 | |
Held-to-Maturity Debt Securities, Yield | 3.00% | |
Held-to-maturity Securities, Debt Maturities, within One Year, Net Carrying Amount | $ 0 | |
Held-to-Maturity Debt Securities, Due in One Year or Less, Yield | 0.00% | |
Held-to-maturity Securities, Debt Maturities, after One Through Five Years, Net Carrying Amount | $ 0 | |
Held-to-Maturity Debt Securities, Due After One Year Through Five Years, Yield | 0.00% | |
Held-to-maturity Securities, Debt Maturities, after Five Through Ten Years, Net Carrying Amount | $ 0 | |
Held-to-Maturity Debt Securities, Due After Five Years Through Ten Years, Yield | 0.00% | |
Held-to-maturity Securities, Debt Maturities, after Ten Years, Net Carrying Amount | $ 1,052 | |
Held-to-Maturity Securities, Due After Ten Years, Yield | 3.00% | |
Residential Mortgage Backed Securities [Member] | ||
Schedule of Investments [Line Items] | ||
Available-for-sale Securities, Debt Securities | $ 1,996 | $ 2,097 |
Available-for-sale debt securities, Yield | 2.90% | 2.90% |
Available-for-sale debt securities, Due in one year or less, Amount | $ 0 | $ 0 |
Available-for-sale debt securities, Due in one year or less, Yield | 0.00% | 0.00% |
Available-for-sale debt securities, Due after one year through five years, Amount | $ 0 | $ 0 |
Available-for-sale debt securities, Due after one year through five years, Yield | 0.00% | 0.00% |
Available-for-sale debt securities, Due after five years through ten years, Amount | $ 0 | $ 0 |
Available-for-sale debt securities, Due after five years through ten years, Yield | 0.00% | 0.00% |
Available-for-sale debt securities, Due after ten years, Amount | $ 1,996 | $ 2,097 |
Available-for-sale debt securities, Due after ten years, Yield | 2.90% | 2.90% |
Available-for-sale Debt Securities, Amortized Cost Basis | $ 2,053 | $ 2,162 |
Commercial Mortgage Backed Securities [Member] | ||
Schedule of Investments [Line Items] | ||
Available-for-sale Securities, Debt Securities | $ 534 | $ 537 |
Available-for-sale debt securities, Yield | 2.80% | 2.60% |
Available-for-sale debt securities, Due in one year or less, Amount | $ 0 | $ 0 |
Available-for-sale debt securities, Due in one year or less, Yield | 0.00% | 0.00% |
Available-for-sale debt securities, Due after one year through five years, Amount | $ 0 | $ 0 |
Available-for-sale debt securities, Due after one year through five years, Yield | 0.00% | 0.00% |
Available-for-sale debt securities, Due after five years through ten years, Amount | $ 3 | $ 3 |
Available-for-sale debt securities, Due after five years through ten years, Yield | 2.80% | 2.80% |
Available-for-sale debt securities, Due after ten years, Amount | $ 531 | $ 534 |
Available-for-sale debt securities, Due after ten years, Yield | 2.80% | 2.60% |
Available-for-sale Debt Securities, Amortized Cost Basis | $ 533 | $ 537 |
Asset-backed Securities [Member] | ||
Schedule of Investments [Line Items] | ||
Available-for-sale Securities, Debt Securities | $ 1,051 | $ 1,400 |
Available-for-sale debt securities, Yield | 2.90% | 2.80% |
Available-for-sale debt securities, Due in one year or less, Amount | $ 0 | $ 0 |
Available-for-sale debt securities, Due in one year or less, Yield | 0.00% | 0.00% |
Available-for-sale debt securities, Due after one year through five years, Amount | $ 829 | $ 1,059 |
Available-for-sale debt securities, Due after one year through five years, Yield | 2.90% | 2.80% |
Available-for-sale debt securities, Due after five years through ten years, Amount | $ 59 | $ 143 |
Available-for-sale debt securities, Due after five years through ten years, Yield | 3.20% | 3.20% |
Available-for-sale debt securities, Due after ten years, Amount | $ 163 | $ 198 |
Available-for-sale debt securities, Due after ten years, Yield | 2.60% | 2.60% |
Available-for-sale Debt Securities, Amortized Cost Basis | $ 1,046 | $ 1,396 |
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment | $ 52 | |
Held-to-Maturity Debt Securities, Yield | 1.50% | |
Held-to-maturity Securities, Debt Maturities, within One Year, Net Carrying Amount | $ 10 | |
Held-to-Maturity Debt Securities, Due in One Year or Less, Yield | 0.80% | |
Held-to-maturity Securities, Debt Maturities, after One Through Five Years, Net Carrying Amount | $ 40 | |
Held-to-Maturity Debt Securities, Due After One Year Through Five Years, Yield | 1.60% | |
Held-to-maturity Securities, Debt Maturities, after Five Through Ten Years, Net Carrying Amount | $ 2 | |
Held-to-Maturity Debt Securities, Due After Five Years Through Ten Years, Yield | 2.70% | |
Held-to-maturity Securities, Debt Maturities, after Ten Years, Net Carrying Amount | $ 0 | |
Held-to-Maturity Securities, Due After Ten Years, Yield | 0.00% | |
Corporate Debt Securities [Member] | ||
Schedule of Investments [Line Items] | ||
Available-for-sale Securities, Debt Securities | $ 1,255 | $ 1,443 |
Available-for-sale debt securities, Yield | 2.90% | 2.80% |
Available-for-sale debt securities, Due in one year or less, Amount | $ 99 | $ 72 |
Available-for-sale debt securities, Due in one year or less, Yield | 2.10% | 2.20% |
Available-for-sale debt securities, Due after one year through five years, Amount | $ 642 | $ 840 |
Available-for-sale debt securities, Due after one year through five years, Yield | 2.60% | 2.60% |
Available-for-sale debt securities, Due after five years through ten years, Amount | $ 468 | $ 489 |
Available-for-sale debt securities, Due after five years through ten years, Yield | 3.20% | 3.20% |
Available-for-sale debt securities, Due after ten years, Amount | $ 46 | $ 42 |
Available-for-sale debt securities, Due after ten years, Yield | 4.70% | 4.70% |
Available-for-sale Debt Securities, Amortized Cost Basis | $ 1,262 | $ 1,452 |
Held-to-maturity Securities [Member] | ||
Schedule of Investments [Line Items] | ||
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment | $ 1,104 | |
Held-to-Maturity Debt Securities, Yield | 2.90% | |
Held-to-maturity Securities, Debt Maturities, within One Year, Net Carrying Amount | $ 10 | |
Held-to-Maturity Debt Securities, Due in One Year or Less, Yield | 0.80% | |
Held-to-maturity Securities, Debt Maturities, after One Through Five Years, Net Carrying Amount | $ 40 | |
Held-to-Maturity Debt Securities, Due After One Year Through Five Years, Yield | 1.60% | |
Held-to-maturity Securities, Debt Maturities, after Five Through Ten Years, Net Carrying Amount | $ 2 | |
Held-to-Maturity Debt Securities, Due After Five Years Through Ten Years, Yield | 2.70% | |
Held-to-maturity Securities, Debt Maturities, after Ten Years, Net Carrying Amount | $ 1,052 | |
Held-to-Maturity Securities, Due After Ten Years, Yield | 3.00% |
Investment Securities (Invest66
Investment Securities (Investment Income) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Taxable interest | $ 119 | $ 94 |
Taxable dividends | 2 | 4 |
Interest and dividends exempt from U.S. federal income tax | 5 | 4 |
Interest and Dividend Income, Securities, Operating, Available-for-sale | 134 | $ 102 |
Excludes Other Earning Assets [Member] | ||
Interest and Dividend Income, Securities, Operating, Available-for-sale | $ 126 |
Investment Securities (Schedule
Investment Securities (Schedule Of Realized Gain (Loss)) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Available-for-sale Securities [Abstract] | ||
Available-for-sale Securities, Gross Realized Gains | $ 27 | |
Available-for-sale Securities, Gross Realized Gain (Loss) | $ 54 |
Investment Securities (Schedu68
Investment Securities (Schedule of Unrealized Loss on Investments) (Details) - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Fair value Less than 12 months | $ 13,051 | $ 12,356 |
Available-for-sale Securities, Unrealized Loss Less than 12 months | (311) | (317) |
Available-for-sale Securities, Fair value 12 months or longer | 1,792 | 2,038 |
Available-for-sale Securities, Unrealized Loss 12 months or longer | (103) | (118) |
Debt Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Fair value Less than 12 months | 12,979 | 12,205 |
Available-for-sale Securities, Unrealized Loss Less than 12 months | (305) | (309) |
Available-for-sale Securities, Fair value 12 months or longer | 1,630 | 1,769 |
Available-for-sale Securities, Unrealized Loss 12 months or longer | (63) | (72) |
US Treasury and Government [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Fair value Less than 12 months | 2,070 | 1,612 |
Available-for-sale Securities, Unrealized Loss Less than 12 months | (52) | (60) |
Available-for-sale Securities, Fair value 12 months or longer | 0 | 0 |
Available-for-sale Securities, Unrealized Loss 12 months or longer | 0 | 0 |
US States and Political Subdivisions Debt Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Fair value Less than 12 months | 435 | 524 |
Available-for-sale Securities, Unrealized Loss Less than 12 months | (16) | (19) |
Available-for-sale Securities, Fair value 12 months or longer | 26 | 0 |
Available-for-sale Securities, Unrealized Loss 12 months or longer | (1) | 0 |
Foreign Government Debt Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Fair value Less than 12 months | 13 | 38 |
Available-for-sale Securities, Unrealized Loss Less than 12 months | 0 | 0 |
Available-for-sale Securities, Fair value 12 months or longer | 0 | 0 |
Available-for-sale Securities, Unrealized Loss 12 months or longer | 0 | 0 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Fair value Less than 12 months | 8,874 | 8,052 |
Available-for-sale Securities, Unrealized Loss Less than 12 months | (209) | (196) |
Available-for-sale Securities, Fair value 12 months or longer | 531 | 587 |
Available-for-sale Securities, Unrealized Loss 12 months or longer | (14) | (16) |
Residential Mortgage Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Fair value Less than 12 months | 768 | 813 |
Available-for-sale Securities, Unrealized Loss Less than 12 months | (16) | (17) |
Available-for-sale Securities, Fair value 12 months or longer | 816 | 860 |
Available-for-sale Securities, Unrealized Loss 12 months or longer | (45) | (53) |
Commercial Mortgage Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Fair value Less than 12 months | 79 | 47 |
Available-for-sale Securities, Unrealized Loss Less than 12 months | (1) | (1) |
Available-for-sale Securities, Fair value 12 months or longer | 77 | 149 |
Available-for-sale Securities, Unrealized Loss 12 months or longer | 0 | (1) |
Asset-backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Fair value Less than 12 months | 175 | 375 |
Available-for-sale Securities, Unrealized Loss Less than 12 months | 0 | (2) |
Available-for-sale Securities, Fair value 12 months or longer | 134 | 127 |
Available-for-sale Securities, Unrealized Loss 12 months or longer | (1) | 0 |
Corporate Debt Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Fair value Less than 12 months | 565 | 744 |
Available-for-sale Securities, Unrealized Loss Less than 12 months | (11) | (14) |
Available-for-sale Securities, Fair value 12 months or longer | 46 | 46 |
Available-for-sale Securities, Unrealized Loss 12 months or longer | (2) | (2) |
Equity Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Fair value Less than 12 months | 72 | 151 |
Available-for-sale Securities, Unrealized Loss Less than 12 months | (6) | (8) |
Available-for-sale Securities, Fair value 12 months or longer | 162 | 269 |
Available-for-sale Securities, Unrealized Loss 12 months or longer | $ (40) | $ (46) |
Finance Receivables and Loans69
Finance Receivables and Loans, Net (Schedule of Accounts, Notes, Loans and Financing Receivables) (Details) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Gross | $ 119,002 | $ 118,944 | $ 110,876 |
Derivative, Amount of Hedged Item | 299 | 315 | |
Loans and Finance Receivables [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums | 393 | 359 | |
Consumer Portfolio Segment [Member] | Consumer Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Gross | 76,600 | 76,843 | |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Gross | 65,663 | 65,793 | 63,013 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Designated as Hedging Instrument [Member] | Interest Rate Contract [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Derivative, Amount of Hedged Item | 34 | 43 | |
Consumer Portfolio Segment [Member] | Residential Mortgage [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Gross | 10,937 | 11,050 | 10,675 |
Consumer Portfolio Segment [Member] | Mortgage Finance [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Gross | 8,331 | 8,294 | |
Held For Investment Mortgage Finance Receivables Interest Only Mortgage Loans | $ 26 | 30 | |
Consumer Portfolio Segment [Member] | Mortgage Finance [Member] | One year and nine months, or less [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Interest-only mortgage loan portfolio principal amortization | 0.00% | ||
Consumer Portfolio Segment [Member] | Mortgage Finance [Member] | Two years and nine months, or less [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Interest-only mortgage loan portfolio principal amortization | 37.00% | ||
Consumer Portfolio Segment [Member] | Mortgage Finance [Member] | Three years and nine months, or less [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Interest-only mortgage loan portfolio principal amortization | 42.00% | ||
Consumer Portfolio Segment [Member] | Mortgage Finance [Member] | Four years and nine months, or greater [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Interest-only mortgage loan portfolio principal amortization | 0.00% | ||
Consumer Portfolio Segment [Member] | Mortgage Finance [Member] | nine months or less [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Interest-only mortgage loan portfolio principal amortization | 3.00% | ||
Consumer Portfolio Segment [Member] | Mortgage - Legacy [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Gross | $ 2,606 | 2,756 | |
Held For Investment Mortgage Finance Receivables Interest Only Mortgage Loans | $ 653 | 714 | |
Consumer Portfolio Segment [Member] | Mortgage - Legacy [Member] | One year and nine months, or less [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Interest-only mortgage loan portfolio principal amortization | 2.00% | ||
Consumer Portfolio Segment [Member] | Mortgage - Legacy [Member] | Two years and nine months, or less [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Interest-only mortgage loan portfolio principal amortization | 0.00% | ||
Consumer Portfolio Segment [Member] | Mortgage - Legacy [Member] | Three years and nine months, or less [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Interest-only mortgage loan portfolio principal amortization | 0.00% | ||
Consumer Portfolio Segment [Member] | Mortgage - Legacy [Member] | Four years and nine months, or greater [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Interest-only mortgage loan portfolio principal amortization | 1.00% | ||
Consumer Portfolio Segment [Member] | Mortgage - Legacy [Member] | nine months or less [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Interest-only mortgage loan portfolio principal amortization | 17.00% | ||
Commercial Portfolio Segment [Member] | Commercial Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Gross | $ 42,402 | 42,101 | $ 37,188 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Automobile [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Gross | 34,911 | 35,041 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Other [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Gross | 3,499 | 3,248 | |
Commercial Portfolio Segment [Member] | Commercial Real Estate Automobile [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Gross | $ 3,992 | $ 3,812 |
Finance Receivables and Loans70
Finance Receivables and Loans, Net (Allowance for Credit Losses on Financing Receivables) (Details) - USD ($) $ in Millions | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Financing Receivable, Allowance for Loan and Lease Losses [Roll Forward] | |||
Loans and Leases Receivable, Allowance, Beginning Balance | $ 1,144 | $ 1,054 | |
Allowance for Loan and Lease Losses, Write-offs | (350) | (263) | |
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 97 | 84 | |
Allowance for Loan and Lease Losses Write-offs, Net | (253) | (179) | |
Provision for Loan and Lease Losses | (271) | (220) | |
Allowance for Loan and Lease Losses, Adjustments, Other | 7 | 18 | |
Loans and Leases Receivable, Allowance, Ending Balance | 1,155 | 1,077 | |
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract] | |||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 89 | 86 | |
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 1,066 | 991 | |
Loans and Leases Receivable, Gross | 119,002 | 110,876 | $ 118,944 |
Financing Receivable, Individually Evaluated for Impairment | 757 | 688 | |
Financing Receivable, Collectively Evaluated for Impairment | 118,245 | 110,188 | |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | |||
Financing Receivable, Allowance for Loan and Lease Losses [Roll Forward] | |||
Loans and Leases Receivable, Allowance, Beginning Balance | 932 | 834 | |
Allowance for Loan and Lease Losses, Write-offs | (341) | (253) | |
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 90 | 80 | |
Allowance for Loan and Lease Losses Write-offs, Net | (251) | (173) | |
Provision for Loan and Lease Losses | (267) | (207) | |
Allowance for Loan and Lease Losses, Adjustments, Other | 7 | 18 | |
Loans and Leases Receivable, Allowance, Ending Balance | 941 | 850 | |
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract] | |||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 32 | 25 | |
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 909 | 825 | |
Loans and Leases Receivable, Gross | 65,663 | 63,013 | 65,793 |
Financing Receivable, Individually Evaluated for Impairment | 388 | 337 | |
Financing Receivable, Collectively Evaluated for Impairment | 65,275 | 62,676 | |
Consumer Portfolio Segment [Member] | Residential Mortgage [Member] | |||
Financing Receivable, Allowance for Loan and Lease Losses [Roll Forward] | |||
Loans and Leases Receivable, Allowance, Beginning Balance | 91 | 114 | |
Allowance for Loan and Lease Losses, Write-offs | (9) | (10) | |
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 7 | 4 | |
Allowance for Loan and Lease Losses Write-offs, Net | (2) | (6) | |
Provision for Loan and Lease Losses | 3 | (7) | |
Allowance for Loan and Lease Losses, Adjustments, Other | 0 | 0 | |
Loans and Leases Receivable, Allowance, Ending Balance | 86 | 115 | |
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract] | |||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 33 | 43 | |
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 53 | 72 | |
Loans and Leases Receivable, Gross | 10,937 | 10,675 | 11,050 |
Financing Receivable, Individually Evaluated for Impairment | 249 | 261 | |
Financing Receivable, Collectively Evaluated for Impairment | 10,688 | 10,414 | |
Commercial Portfolio Segment [Member] | Commercial Loan [Member] | |||
Financing Receivable, Allowance for Loan and Lease Losses [Roll Forward] | |||
Loans and Leases Receivable, Allowance, Beginning Balance | 121 | 106 | |
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | |
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | 0 | |
Allowance for Loan and Lease Losses Write-offs, Net | 0 | 0 | |
Provision for Loan and Lease Losses | (7) | (6) | |
Allowance for Loan and Lease Losses, Adjustments, Other | 0 | 0 | |
Loans and Leases Receivable, Allowance, Ending Balance | 128 | 112 | |
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract] | |||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 24 | 18 | |
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 104 | 94 | |
Loans and Leases Receivable, Gross | 42,402 | 37,188 | $ 42,101 |
Financing Receivable, Individually Evaluated for Impairment | 120 | 90 | |
Financing Receivable, Collectively Evaluated for Impairment | $ 42,282 | $ 37,098 |
Finance Receivables and Loans71
Finance Receivables and Loans, Net (Schedule of Sales of Financing Receivables and Loans) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Significant Sales and Transfers | $ 1,216 | $ 2,601 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Significant Sales and Transfers | 1,213 | 2,599 |
Consumer Portfolio Segment [Member] | Residential Mortgage [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Significant Sales and Transfers | $ 3 | $ 2 |
Finance Receivables and Loans72
Finance Receivables and Loans, Net Finance Receivables and Loans, Net (Schedule of Purchases of Financing Receivables and Loans) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Significant Purchases | $ 395 | $ 1,370 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Significant Purchases | 68 | 0 |
Consumer Portfolio Segment [Member] | Residential Mortgage [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Significant Purchases | $ 327 | $ 1,370 |
Finance Receivables and Loans73
Finance Receivables and Loans, Net (Past Due Financing Receivables and Loans) (Details) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | $ 2,066 | $ 2,759 | |
Financing Receivable, Recorded Investment, Current | 116,936 | 116,185 | |
Loans and Leases Receivable, Gross | 119,002 | 118,944 | $ 110,876 |
Consumer Portfolio Segment [Member] | Consumer Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 2,060 | 2,749 | |
Financing Receivable, Recorded Investment, Current | 74,540 | 74,094 | |
Loans and Leases Receivable, Gross | 76,600 | 76,843 | |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 1,917 | 2,580 | |
Financing Receivable, Recorded Investment, Current | 63,746 | 63,213 | |
Loans and Leases Receivable, Gross | 65,663 | 65,793 | 63,013 |
Consumer Portfolio Segment [Member] | Residential Mortgage [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 143 | 169 | |
Financing Receivable, Recorded Investment, Current | 10,794 | 10,881 | |
Loans and Leases Receivable, Gross | 10,937 | 11,050 | 10,675 |
Consumer Portfolio Segment [Member] | Mortgage Finance [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 39 | 49 | |
Financing Receivable, Recorded Investment, Current | 8,292 | 8,245 | |
Loans and Leases Receivable, Gross | 8,331 | 8,294 | |
Consumer Portfolio Segment [Member] | Mortgage - Legacy [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 104 | 120 | |
Financing Receivable, Recorded Investment, Current | 2,502 | 2,636 | |
Loans and Leases Receivable, Gross | 2,606 | 2,756 | |
Commercial Portfolio Segment [Member] | Commercial Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 6 | 10 | |
Financing Receivable, Recorded Investment, Current | 42,396 | 42,091 | |
Loans and Leases Receivable, Gross | 42,402 | 42,101 | $ 37,188 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Automobile [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 6 | 10 | |
Financing Receivable, Recorded Investment, Current | 34,905 | 35,031 | |
Loans and Leases Receivable, Gross | 34,911 | 35,041 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Other [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 | |
Financing Receivable, Recorded Investment, Current | 3,499 | 3,248 | |
Loans and Leases Receivable, Gross | 3,499 | 3,248 | |
Commercial Portfolio Segment [Member] | Commercial Real Estate Automobile [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 | |
Financing Receivable, Recorded Investment, Current | 3,992 | 3,812 | |
Loans and Leases Receivable, Gross | 3,992 | 3,812 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 1,409 | 1,937 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Consumer Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 1,409 | 1,934 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Automobile Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 1,346 | 1,850 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Residential Mortgage [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 63 | 84 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Mortgage Finance [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 30 | 39 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Mortgage - Legacy [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 33 | 45 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Commercial Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 0 | 3 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Automobile [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 0 | 3 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Other [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Commercial Real Estate Automobile [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 324 | 452 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Consumer Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 324 | 452 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Automobile Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 308 | 428 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Residential Mortgage [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 16 | 24 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Mortgage Finance [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 2 | 6 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Mortgage - Legacy [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 14 | 18 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Commercial Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Automobile [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Other [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Commercial Real Estate Automobile [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 333 | 370 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Consumer Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 327 | 363 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Automobile Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 263 | 302 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Residential Mortgage [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 64 | 61 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Mortgage Finance [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 7 | 4 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Mortgage - Legacy [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 57 | 57 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Commercial Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 6 | 7 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Automobile [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 6 | 7 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Other [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Commercial Real Estate Automobile [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Past Due | $ 0 | $ 0 |
Finance Receivables and Loans74
Finance Receivables and Loans, Net (Schedule of Financing Receivables, Non Accrual Status) (Details) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 798 | $ 819 |
Consumer Portfolio Segment [Member] | Consumer Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 678 | 697 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 573 | 598 |
Consumer Portfolio Segment [Member] | Residential Mortgage [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 105 | 99 |
Consumer Portfolio Segment [Member] | Mortgage Finance [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 10 | 10 |
Consumer Portfolio Segment [Member] | Mortgage - Legacy [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 95 | 89 |
Commercial Portfolio Segment [Member] | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 120 | 122 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Automobile [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 34 | 33 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Other [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 81 | 84 |
Commercial Portfolio Segment [Member] | Commercial Real Estate Automobile [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 5 | $ 5 |
Finance Receivables and Loans75
Finance Receivables and Loans, Net (Financing Receivable Credit Quality Indicators) (Details) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 |
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | $ 119,002 | $ 118,944 | $ 110,876 |
Consumer Portfolio Segment [Member] | Consumer Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | 76,600 | 76,843 | |
Consumer Portfolio Segment [Member] | Consumer Loan [Member] | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | 75,922 | 76,146 | |
Consumer Portfolio Segment [Member] | Consumer Loan [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | 678 | 697 | |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | 65,663 | 65,793 | 63,013 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | 65,090 | 65,195 | |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | 573 | 598 | |
Consumer Portfolio Segment [Member] | Residential Mortgage [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | 10,937 | 11,050 | $ 10,675 |
Consumer Portfolio Segment [Member] | Residential Mortgage [Member] | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | 10,832 | 10,951 | |
Consumer Portfolio Segment [Member] | Residential Mortgage [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | 105 | 99 | |
Consumer Portfolio Segment [Member] | Mortgage Finance [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | 8,331 | 8,294 | |
Consumer Portfolio Segment [Member] | Mortgage Finance [Member] | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | 8,321 | 8,284 | |
Consumer Portfolio Segment [Member] | Mortgage Finance [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | 10 | 10 | |
Consumer Portfolio Segment [Member] | Mortgage - Legacy [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | 2,606 | 2,756 | |
Consumer Portfolio Segment [Member] | Mortgage - Legacy [Member] | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | 2,511 | 2,667 | |
Consumer Portfolio Segment [Member] | Mortgage - Legacy [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | $ 95 | $ 89 |
Finance Receivables and Loans76
Finance Receivables and Loans, Net (Schedule of Pass And Criticized Credit Quality Indicators of Finance Receivables) (Details) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 |
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | $ 119,002 | $ 118,944 | $ 110,876 |
Commercial Portfolio Segment [Member] | Commercial Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | 42,402 | 42,101 | $ 37,188 |
Commercial Portfolio Segment [Member] | Commercial Loan [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | 39,508 | 39,410 | |
Commercial Portfolio Segment [Member] | Commercial Loan [Member] | Criticized [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | 2,894 | 2,691 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Automobile [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | 34,911 | 35,041 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Automobile [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | 32,878 | 33,160 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Automobile [Member] | Criticized [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | 2,033 | 1,881 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Other [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | 3,499 | 3,248 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Other [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | 2,814 | 2,597 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Other [Member] | Criticized [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | 685 | 651 | |
Commercial Portfolio Segment [Member] | Commercial Real Estate Automobile [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | 3,992 | 3,812 | |
Commercial Portfolio Segment [Member] | Commercial Real Estate Automobile [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | 3,816 | 3,653 | |
Commercial Portfolio Segment [Member] | Commercial Real Estate Automobile [Member] | Criticized [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans and Leases Receivable, Gross | $ 176 | $ 159 |
Finance Receivables and Loans77
Finance Receivables and Loans, Net (Impaired Financing Receivables) (Details) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 |
Financing Receivable, Impaired [Line Items] | ||
Impaired Financing Receivable, Unpaid Principal Balance | $ 812 | $ 795 |
Impaired Financing Receivable, Recorded Investment | 757 | 739 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 210 | 199 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 547 | 540 |
Impaired Financing Receivable, Related Allowance | 89 | 85 |
Consumer Portfolio Segment [Member] | Consumer Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Financing Receivable, Unpaid Principal Balance | 675 | 658 |
Impaired Financing Receivable, Recorded Investment | 637 | 617 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 184 | 190 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 453 | 427 |
Impaired Financing Receivable, Related Allowance | 65 | 62 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Financing Receivable, Unpaid Principal Balance | 422 | 407 |
Impaired Financing Receivable, Recorded Investment | 388 | 370 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 124 | 131 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 264 | 239 |
Impaired Financing Receivable, Related Allowance | 32 | 28 |
Consumer Portfolio Segment [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Financing Receivable, Unpaid Principal Balance | 253 | 251 |
Impaired Financing Receivable, Recorded Investment | 249 | 247 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 60 | 59 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 189 | 188 |
Impaired Financing Receivable, Related Allowance | 33 | 34 |
Consumer Portfolio Segment [Member] | Mortgage Finance [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Financing Receivable, Unpaid Principal Balance | 8 | 8 |
Impaired Financing Receivable, Recorded Investment | 8 | 8 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 4 | 3 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 4 | 5 |
Impaired Financing Receivable, Related Allowance | 0 | 0 |
Consumer Portfolio Segment [Member] | Mortgage - Legacy [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Financing Receivable, Unpaid Principal Balance | 245 | 243 |
Impaired Financing Receivable, Recorded Investment | 241 | 239 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 56 | 56 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 185 | 183 |
Impaired Financing Receivable, Related Allowance | 33 | 34 |
Commercial Portfolio Segment [Member] | Commercial Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Financing Receivable, Unpaid Principal Balance | 137 | 137 |
Impaired Financing Receivable, Recorded Investment | 120 | 122 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 26 | 9 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 94 | 113 |
Impaired Financing Receivable, Related Allowance | 24 | 23 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Automobile [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Financing Receivable, Unpaid Principal Balance | 34 | 33 |
Impaired Financing Receivable, Recorded Investment | 34 | 33 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 7 | 7 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 27 | 26 |
Impaired Financing Receivable, Related Allowance | 2 | 3 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Other [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Financing Receivable, Unpaid Principal Balance | 98 | 99 |
Impaired Financing Receivable, Recorded Investment | 81 | 84 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 19 | 0 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 62 | 84 |
Impaired Financing Receivable, Related Allowance | 21 | 19 |
Commercial Portfolio Segment [Member] | Commercial Real Estate Automobile [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Financing Receivable, Unpaid Principal Balance | 5 | 5 |
Impaired Financing Receivable, Recorded Investment | 5 | 5 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 0 | 2 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 5 | 3 |
Impaired Financing Receivable, Related Allowance | $ 1 | $ 1 |
Finance Receivables and Loans78
Finance Receivables and Loans, Net (Schedule of Average Balance and Interest Income of Impaired Finance Receivables) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Financing Receivable, Impaired [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | $ 749 | $ 668 |
Impaired Financing Receivable, Interest Income, Accrual Method | 7 | 7 |
Consumer Portfolio Segment [Member] | Consumer Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | 628 | 590 |
Impaired Financing Receivable, Interest Income, Accrual Method | 7 | 6 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | 379 | 326 |
Impaired Financing Receivable, Interest Income, Accrual Method | 5 | 4 |
Consumer Portfolio Segment [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | 249 | 264 |
Impaired Financing Receivable, Interest Income, Accrual Method | 2 | 2 |
Consumer Portfolio Segment [Member] | Mortgage Finance [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | 8 | 9 |
Impaired Financing Receivable, Interest Income, Accrual Method | 0 | 0 |
Consumer Portfolio Segment [Member] | Mortgage - Legacy [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | 241 | 255 |
Impaired Financing Receivable, Interest Income, Accrual Method | 2 | 2 |
Commercial Portfolio Segment [Member] | Commercial Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | 121 | 78 |
Impaired Financing Receivable, Interest Income, Accrual Method | 0 | 1 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Automobile [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | 33 | 23 |
Impaired Financing Receivable, Interest Income, Accrual Method | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Other [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | 83 | 49 |
Impaired Financing Receivable, Interest Income, Accrual Method | 0 | 1 |
Commercial Portfolio Segment [Member] | Commercial Real Estate Automobile [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | 5 | 6 |
Impaired Financing Receivable, Interest Income, Accrual Method | $ 0 | $ 0 |
Finance Receivables and Loans79
Finance Receivables and Loans, Net (Troubled Debt Restructurings) (Details) $ in Millions | 3 Months Ended | ||
Mar. 31, 2017USD ($) | Mar. 31, 2016USD ($) | Dec. 31, 2016USD ($) | |
Financing Receivable, Modifications [Line Items] | |||
Financing Receivable, Modifications, Recorded Investment | $ 704 | $ 663 | |
Financing Receivable, Modifications, Number of Contracts | 6,502 | 5,654 | |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 150 | $ 94 | |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 134 | $ 81 | |
Consumer Portfolio Segment [Member] | Consumer Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | 6,501 | 5,654 | |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 127 | $ 94 | |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 111 | $ 81 | |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | 6,447 | 5,622 | |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 115 | $ 89 | |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 99 | $ 76 | |
Consumer Portfolio Segment [Member] | Residential Mortgage [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | 54 | 32 | |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 12 | $ 5 | |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 12 | $ 5 | |
Consumer Portfolio Segment [Member] | Mortgage Finance [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | 1 | 1 | |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 0 | $ 1 | |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 1 | |
Consumer Portfolio Segment [Member] | Mortgage - Legacy [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | 53 | 31 | |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 12 | $ 4 | |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 12 | $ 4 | |
Commercial Portfolio Segment [Member] | Commercial Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Loans and Leases Receivable, Impaired, Commitment to Lend | $ 3 | $ 2 | |
Financing Receivable, Modifications, Number of Contracts | 1 | 0 | |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 23 | $ 0 | |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 23 | $ 0 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Automobile [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 0 | $ 0 | |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 0 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Other [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | 1 | 0 | |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 23 | $ 0 | |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 23 | $ 0 | |
Commercial Portfolio Segment [Member] | Commercial Real Estate Automobile [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 0 | $ 0 | |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 0 |
Finance Receivables and Loans80
Finance Receivables and Loans, Net (Finance receivables and loans redefaulted during the period) (Details) - Consumer Portfolio Segment [Member] $ in Millions | 3 Months Ended | |
Mar. 31, 2017USD ($) | Mar. 31, 2016USD ($) | |
Consumer Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1,990 | 1,801 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 25 | $ 23 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $ 16 | $ 12 |
Automobile Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1,989 | 1,800 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 24 | $ 23 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $ 16 | $ 12 |
Mortgage Finance [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 1 | $ 0 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $ 0 | $ 0 |
Mortgage - Legacy [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 1 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 0 | $ 0 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $ 0 | $ 0 |
Investment in Operating Lease81
Investment in Operating Leases, Net (Investments In Operating Leases) (Details) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 |
Leases, Operating [Abstract] | ||
Property Subject to or Available for Operating Lease, Gross | $ 13,240 | $ 14,584 |
Property Subject to or Available for Operating Lease, Accumulated Depreciation | (2,779) | (3,114) |
Property Subject to or Available for Operating Lease, Net | $ 10,461 | $ 11,470 |
Investment in Operating Lease82
Investment in Operating Leases, Net (Schedule Of Depreciation Expense On Operating Lease Assets) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Leases, Operating [Abstract] | ||
Depreciation Expense On Operating Lease Assets | $ 386 | $ 565 |
Gross Remarketing (Gains) Losses | 3 | (55) |
Operating Leases, Income Statement, Depreciation Expense on Property Subject to or Held-for-lease | $ 389 | $ 510 |
Securitizations and Variable 83
Securitizations and Variable Interest Entities (Schedule of Variable Interest Entities) (Details) - USD ($) $ in Millions | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Variable Interest Entity [Line Items] | |||
Assets of nonconsolidated variable interest entities | $ 3,571 | $ 2,899 | |
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount | 4,345 | 3,574 | |
Carrying value of assets for VIEs for which we have continuing involvement | 34,329 | 37,631 | |
Carrying value of liabilities for VIEs for which we have continuing involvement | 13,612 | 13,490 | |
Retained notes and certificated residual interest | 53 | ||
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale, Gain (Loss) on Sale | 2 | $ 0 | |
Commercial Portfolio Segment [Member] | |||
Variable Interest Entity [Line Items] | |||
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets | 505 | 460 | |
Variable Interest Entity, Nonconsolidated, Carrying Amount, Liabilities | 205 | 169 | |
Assets of nonconsolidated variable interest entities | 0 | 0 | |
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount | 695 | 651 | |
Automobile Loan [Member] | Consumer Portfolio Segment [Member] | |||
Variable Interest Entity [Line Items] | |||
Variable Interest Entity, Consolidated, Carrying Amount, Assets | 19,632 | 20,869 | |
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities | 8,298 | 8,557 | |
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets | 79 | 24 | |
Variable Interest Entity, Nonconsolidated, Carrying Amount, Liabilities | 0 | 0 | |
Assets of nonconsolidated variable interest entities | 3,571 | 2,899 | |
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount | 3,650 | 2,923 | |
Automobile Loan [Member] | Consumer Portfolio Segment [Member] | Held-to-maturity Securities [Member] | |||
Variable Interest Entity [Line Items] | |||
Variable Interest Entity, Consolidated, Carrying Amount, Assets | 52 | ||
Automobile Loan [Member] | Consumer Portfolio Segment [Member] | Other Assets [Member] | |||
Variable Interest Entity [Line Items] | |||
Variable Interest Entity, Consolidated, Carrying Amount, Assets | 27 | ||
Automobile Loan [Member] | Commercial Portfolio Segment [Member] | |||
Variable Interest Entity [Line Items] | |||
Variable Interest Entity, Consolidated, Carrying Amount, Assets | 14,113 | 16,278 | |
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities | 5,109 | 4,764 | |
Unencumbered [Member] | Automobile Loan [Member] | Consumer Portfolio Segment [Member] | |||
Variable Interest Entity [Line Items] | |||
Variable Interest Entity, Consolidated, Carrying Amount, Assets | 9,200 | 9,600 | |
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities | $ 64 | $ 50 |
Securitizations and Variable 84
Securitizations and Variable Interest Entities (Schedule of Cash Flow Received from and Paid to Nonconsolidated Securitization Entities) (Details) - Consumer Portfolio Segment [Member] - Automobile Loan [Member] - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Cash Flow Received and Paid to Nonconsolidated Securitization Entities [Line Items] | ||
Cash Flows Between Transferor and Transferee, Proceeds from New Transfers | $ 1,138 | $ 1,025 |
Cash Flows Between Transferor and Transferee, Servicing Fees | 9 | 8 |
Cash Flows Between Transferor and Transferee, Receipts on Transferor's Interest in Transferred Financial Assets, Other | $ 2 | $ 2 |
Securitizations and Variable 85
Securitizations and Variable Interest Entities (Schedule of Quantitative Information and Net Credit Losses about Securitized and Other Financial Assets Managed Together) (Details) - USD ($) $ in Millions | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Quantitative Information about Securitized and Other Financial Assets Managed Together [Line Items] | |||
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement | $ 124,857 | $ 124,500 | |
Delinquent Amount at End of Period on Loans Managed and Securitized or Asset-backed Financing Arrangement | 674 | 841 | |
Net Credit Losses During Period on Loans Managed or Securitized or Asset-backed Financing Arrangement | 257 | $ 181 | |
On-Balance Sheet Loans [Member] | |||
Quantitative Information about Securitized and Other Financial Assets Managed Together [Line Items] | |||
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement | 119,003 | 118,944 | |
Delinquent Amount at End of Period on Loans Managed and Securitized or Asset-backed Financing Arrangement | 657 | 822 | |
Net Credit Losses During Period on Loans Managed or Securitized or Asset-backed Financing Arrangement | 253 | 179 | |
On-Balance Sheet Loans [Member] | Consumer Portfolio Segment [Member] | Automobile Loan [Member] | |||
Quantitative Information about Securitized and Other Financial Assets Managed Together [Line Items] | |||
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement | 65,663 | 65,793 | |
Delinquent Amount at End of Period on Loans Managed and Securitized or Asset-backed Financing Arrangement | 571 | 730 | |
Net Credit Losses During Period on Loans Managed or Securitized or Asset-backed Financing Arrangement | 251 | 173 | |
On-Balance Sheet Loans [Member] | Consumer Portfolio Segment [Member] | Residential Mortgage [Member] | |||
Quantitative Information about Securitized and Other Financial Assets Managed Together [Line Items] | |||
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement | 10,938 | 11,050 | |
Delinquent Amount at End of Period on Loans Managed and Securitized or Asset-backed Financing Arrangement | 80 | 85 | |
Net Credit Losses During Period on Loans Managed or Securitized or Asset-backed Financing Arrangement | 2 | 6 | |
On-Balance Sheet Loans [Member] | Commercial Portfolio Segment [Member] | Automobile Loan [Member] | |||
Quantitative Information about Securitized and Other Financial Assets Managed Together [Line Items] | |||
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement | 38,903 | 38,853 | |
Delinquent Amount at End of Period on Loans Managed and Securitized or Asset-backed Financing Arrangement | 6 | 7 | |
On-Balance Sheet Loans [Member] | Commercial Portfolio Segment [Member] | Other Financing Receivables [Member] | |||
Quantitative Information about Securitized and Other Financial Assets Managed Together [Line Items] | |||
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement | 3,499 | 3,248 | |
Delinquent Amount at End of Period on Loans Managed and Securitized or Asset-backed Financing Arrangement | 0 | 0 | |
Off-Balance Sheet Loans [Member] | |||
Quantitative Information about Securitized and Other Financial Assets Managed Together [Line Items] | |||
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement | 3,067 | 2,392 | |
Delinquent Amount at End of Period on Loans Managed and Securitized or Asset-backed Financing Arrangement | 12 | 13 | |
Net Credit Losses During Period on Loans Managed or Securitized or Asset-backed Financing Arrangement | 3 | 2 | |
Off-Balance Sheet Loans [Member] | Consumer Portfolio Segment [Member] | Automobile Loan [Member] | |||
Quantitative Information about Securitized and Other Financial Assets Managed Together [Line Items] | |||
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement | 3,067 | 2,392 | |
Delinquent Amount at End of Period on Loans Managed and Securitized or Asset-backed Financing Arrangement | 12 | 13 | |
Whole-Loan Transactions [Member] | |||
Quantitative Information about Securitized and Other Financial Assets Managed Together [Line Items] | |||
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement | 2,787 | 3,164 | |
Delinquent Amount at End of Period on Loans Managed and Securitized or Asset-backed Financing Arrangement | 5 | $ 6 | |
Net Credit Losses During Period on Loans Managed or Securitized or Asset-backed Financing Arrangement | $ 1 | $ 0 |
Servicing Activities (Schedule
Servicing Activities (Schedule of Total Serviced Automobile Loans Outstanding) (Details) - USD ($) $ in Millions | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Automobile Serviced Assets [Line Items] | |||
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets | $ 16 | $ 13 | |
Total Primary Serviced Assets | 120,693 | $ 121,480 | |
Consumer Loan [Member] | On-Balance Sheet Loans [Member] | |||
Automobile Serviced Assets [Line Items] | |||
Total Primary Serviced Assets | 65,464 | 65,646 | |
Commercial Loan [Member] | On-Balance Sheet Loans [Member] | |||
Automobile Serviced Assets [Line Items] | |||
Total Primary Serviced Assets | 38,903 | 38,853 | |
Operating Leases [Member] | On-Balance Sheet Loans [Member] | |||
Automobile Serviced Assets [Line Items] | |||
Total Primary Serviced Assets | 10,332 | 11,311 | |
Other Assets [Member] | On-Balance Sheet Loans [Member] | |||
Automobile Serviced Assets [Line Items] | |||
Total Primary Serviced Assets | 67 | 67 | |
Asset-backed Securities, Securitized Loans and Receivables [Member] | Off-Balance Sheet Loans [Member] | |||
Automobile Serviced Assets [Line Items] | |||
Total Primary Serviced Assets | 3,103 | 2,412 | |
Whole-Loan Transactions [Member] | Off-Balance Sheet Loans [Member] | |||
Automobile Serviced Assets [Line Items] | |||
Total Primary Serviced Assets | $ 2,824 | $ 3,191 |
Other Assets (Schedule of Other
Other Assets (Schedule of Other Assets) (Details) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 | Aug. 01, 2016 | Jun. 01, 2016 |
Goodwill [Line Items] | ||||
Goodwill | $ 240 | $ 240 | ||
Property, Plant and Equipment, Gross | 939 | 901 | ||
Accumulated depreciation | (542) | (525) | ||
Property, Plant and Equipment, Net | 397 | 376 | ||
Restricted cash collections for securitization trusts | 1,359 | 1,694 | ||
Deferred Tax Assets, State Taxes | 900 | 994 | ||
Nonmarketable equity investments | 833 | 1,046 | ||
Interest Receivable | 457 | 476 | ||
Goodwill | 240 | 240 | ||
Accounts and Other Receivables, Net, Current | 165 | 100 | ||
Cash reserve deposits held for securitization trusts | 164 | 184 | ||
Cash and securities collateral placed with counterparties | 119 | 167 | ||
Restricted Cash and Cash Equivalents | 111 | 111 | ||
Derivative Asset, Fair Value, Gross Asset | 80 | 95 | ||
Other Assets, Miscellaneous | 1,309 | 1,371 | ||
Other Assets | 6,134 | 6,854 | ||
Federal Home Loan Bank Stock | 359 | 577 | ||
Federal Reserve Bank Stock | 435 | 435 | ||
Insurance Operations Member | ||||
Goodwill [Line Items] | ||||
Goodwill | 27 | 27 | ||
Goodwill | 27 | 27 | ||
Corporate and Other [Member] | ||||
Goodwill [Line Items] | ||||
Goodwill | 193 | 193 | $ 193 | |
Goodwill | 193 | 193 | $ 193 | |
Automotive Finance Operations [Member] | ||||
Goodwill [Line Items] | ||||
Goodwill | 20 | 20 | $ 20 | |
Goodwill | $ 20 | $ 20 | $ 20 |
Deposit Liabilities (Schedule o
Deposit Liabilities (Schedule of Deposit Liabilities) (Details) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 |
Deposits [Abstract] | ||
Noninterest-bearing deposit liabilities | $ 102 | $ 84 |
Interest-bearing Deposit Liabilities, by Component [Abstract] | ||
Deposits, Savings Deposits | 51,150 | 46,976 |
Time Deposits | 33,148 | 31,795 |
Deposits, Retail | 86 | 167 |
Deposits | 84,486 | 79,022 |
Time Deposits, $100,000 or More | 12,200 | 12,100 |
Time Deposits, $250,000 or More, Domestic | $ 3,500 | $ 3,500 |
Debt Debt (Schedule of Short-te
Debt Debt (Schedule of Short-term Debt) (Details) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 |
Short-term Debt [Line Items] | ||
Demand Notes | $ 3,652 | $ 3,622 |
Federal Home Loan Bank, Advances, Maturities Summary, Due in Next Twelve Months | 1,850 | 7,875 |
Securities Sold under Agreements to Repurchase, Gross | 1,620 | 1,176 |
Other Short-term Borrowings | 1,249 | 0 |
Short-term Debt | 8,371 | 12,673 |
Non-derivative Cash Collateral Received from Counterparties Associated with the Repurchase Agreements. | 1 | |
Non-derivative Cash Collateral Placed with Counterparties Associated with the Repurchase Agreements | 5 | 45 |
Unsecured Debt [Member] | ||
Short-term Debt [Line Items] | ||
Demand Notes | 3,652 | 3,622 |
Federal Home Loan Bank, Advances, Maturities Summary, Due in Next Twelve Months | 0 | 0 |
Securities Sold under Agreements to Repurchase, Gross | 0 | 0 |
Other Short-term Borrowings | 1,249 | 0 |
Short-term Debt | 4,901 | 3,622 |
Secured Debt [Member] | ||
Short-term Debt [Line Items] | ||
Demand Notes | 0 | 0 |
Federal Home Loan Bank, Advances, Maturities Summary, Due in Next Twelve Months | 1,850 | 7,875 |
Securities Sold under Agreements to Repurchase, Gross | 1,620 | 1,176 |
Other Short-term Borrowings | 0 | 0 |
Short-term Debt | 3,470 | 9,051 |
Maturity Less than 30 Days [Member] | Secured Debt [Member] | ||
Short-term Debt [Line Items] | ||
Mortgage-backed Residential Securities Sold under Agreements to Repurchase, Maturity Period | 520 | |
Maturity 31 to 60 Days [Member] | Secured Debt [Member] | ||
Short-term Debt [Line Items] | ||
Mortgage-backed Residential Securities Sold under Agreements to Repurchase, Maturity Period | 0 | |
Maturity 61 to 90 Days [Member] [Member] | Secured Debt [Member] | ||
Short-term Debt [Line Items] | ||
Mortgage-backed Residential Securities Sold under Agreements to Repurchase, Maturity Period | 626 | |
One year, or less [Member] | Secured Debt [Member] | ||
Short-term Debt [Line Items] | ||
Asset-backed Automotive Financial Securities Sold under Agreements to Repurchase, Maturity Period | 474 | $ 500 |
Committed Funding Facilities Member | Nonbank Funding Member | Unsecured Debt [Member] | ||
Short-term Debt [Line Items] | ||
Debt Issuance Costs, Net | $ 1 |
Debt (Schedule of Debt) (Detail
Debt (Schedule of Debt) (Details) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 |
Debt Instrument [Line Items] | ||
Long-term Debt, Current Maturities | $ 11,377 | $ 14,553 |
Long-term Debt, Excluding Current Maturities | 39,385 | 39,260 |
Derivative, Amount of Hedged Item | 299 | 315 |
Long-term debt | 51,061 | 54,128 |
Secured Debt | 37,001 | 43,129 |
Unsecured Debt [Member] | ||
Debt Instrument [Line Items] | ||
Long-term Debt, Current Maturities | 2,329 | 4,274 |
Long-term Debt, Excluding Current Maturities | 14,893 | 15,450 |
Derivative, Amount of Hedged Item | 308 | 326 |
Long-term debt | 17,530 | 20,050 |
Secured Debt [Member] | ||
Debt Instrument [Line Items] | ||
Long-term Debt, Current Maturities | 9,048 | 10,279 |
Long-term Debt, Excluding Current Maturities | 24,492 | 23,810 |
Derivative, Amount of Hedged Item | (9) | (11) |
Long-term debt | 33,531 | 34,078 |
Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Debt Instrument [Line Items] | ||
Long-term Debt, Excluding Current Maturities | 2,600 | 2,600 |
Federal Home Loan Bank Advances [Member] | ||
Debt Instrument [Line Items] | ||
Secured Debt | $ 6,100 | $ 6,100 |
Debt (Scheduled Remaining Matur
Debt (Scheduled Remaining Maturity of Long-term Debt) (Details) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 |
Debt Instrument [Line Items] | ||
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months | $ 9,317 | |
Long-term Debt, Maturities, Repayments of Principal in Year Two | 12,133 | |
Long-term Debt, Maturities, Repayments of Principal in Year Three | 9,722 | |
Long-term Debt, Maturities, Repayments of Principal in Year Four | 7,372 | |
Long-term Debt, Maturities, Repayments of Principal in Year Five | 3,154 | |
Long-term Debt, Maturities, Repayments of Principal after Year Five | 9,064 | |
Derivative, Amount of Hedged Item | 299 | $ 315 |
Long-term debt | 51,061 | 54,128 |
Unsecured Debt [Member] | ||
Debt Instrument [Line Items] | ||
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months | 1,742 | |
Long-term Debt, Maturities, Repayments of Principal in Year Two | 3,599 | |
Long-term Debt, Maturities, Repayments of Principal in Year Three | 1,642 | |
Long-term Debt, Maturities, Repayments of Principal in Year Four | 2,197 | |
Long-term Debt, Maturities, Repayments of Principal in Year Five | 596 | |
Long-term Debt, Maturities, Repayments of Principal after Year Five | 7,446 | |
Derivative, Amount of Hedged Item | 308 | 326 |
Long-term debt | 17,530 | 20,050 |
Debt Instrument, Unamortized Discount | (69) | |
Debt Instrument, Unamortized Discount | (1,304) | |
Unsecured Debt [Member] | Debt Instrument, Redemption, Period One [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Unamortized Discount, Noncurrent | (101) | |
Unsecured Debt [Member] | Debt Instrument, Redemption, Period Two [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Unamortized Discount, Noncurrent | (39) | |
Unsecured Debt [Member] | Debt Instrument, Redemption, Period Three [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Unamortized Discount, Noncurrent | (39) | |
Unsecured Debt [Member] | Debt Instrument, Redemption, Period Four [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Unamortized Discount, Noncurrent | (42) | |
Unsecured Debt [Member] | Debt Instrument, Redemption, Period Five [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Unamortized Discount, Noncurrent | (1,014) | |
Secured Debt [Member] | ||
Debt Instrument [Line Items] | ||
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months | 7,575 | |
Long-term Debt, Maturities, Repayments of Principal in Year Two | 8,534 | |
Long-term Debt, Maturities, Repayments of Principal in Year Three | 8,080 | |
Long-term Debt, Maturities, Repayments of Principal in Year Four | 5,175 | |
Long-term Debt, Maturities, Repayments of Principal in Year Five | 2,558 | |
Long-term Debt, Maturities, Repayments of Principal after Year Five | 1,618 | |
Derivative, Amount of Hedged Item | (9) | (11) |
Long-term debt | 33,531 | $ 34,078 |
Long-term Debt [Member] | Unsecured Debt [Member] | ||
Debt Instrument [Line Items] | ||
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months | 1,811 | |
Long-term Debt, Maturities, Repayments of Principal in Year Two | 3,700 | |
Long-term Debt, Maturities, Repayments of Principal in Year Three | 1,681 | |
Long-term Debt, Maturities, Repayments of Principal in Year Four | 2,236 | |
Long-term Debt, Maturities, Repayments of Principal in Year Five | 638 | |
Long-term Debt, Maturities, Repayments of Principal after Year Five | 8,460 | |
Derivative, Amount of Hedged Item | 308 | |
Long-term debt | 18,834 | |
original issue discount [Member] | Unsecured Debt [Member] | ||
Debt Instrument [Line Items] | ||
Derivative, Amount of Hedged Item | $ 0 |
Debt (Pledged Assets Related to
Debt (Pledged Assets Related to Secured Borrowings and Repurchase Agreement) (Details) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 |
Pledged Assets related to secured borrowings [Line Items] | ||
Pledged Financial Instruments, Not Separately Reported, Other Debt Securities Available-for-sale or Held-for-investment | $ 3,175 | $ 4,895 |
Pledged Assets, Mortgage assets held for investment | 10,847 | 10,954 |
Pledged Assets, Investment in operating leases | 1,412 | 2,040 |
Pledged Assets, Other, Not Separately Reported on Statement of Financial Position | 59,755 | 65,222 |
Secured Debt | 37,001 | 43,129 |
Short-term Debt | 8,371 | 12,673 |
Ally Bank [Member] | ||
Pledged Assets related to secured borrowings [Line Items] | ||
Pledged Financial Instruments, Not Separately Reported, Other Debt Securities Available-for-sale or Held-for-investment | 1,978 | 4,231 |
Pledged Assets, Mortgage assets held for investment | 10,847 | 10,954 |
Pledged Assets, Investment in operating leases | 314 | 913 |
Pledged Assets, Other, Not Separately Reported on Statement of Financial Position | 35,371 | 41,129 |
Secured Debt | 15,120 | 22,149 |
Pledged assets for Federal Home Loan Bank [Member] | Ally Bank [Member] | ||
Pledged Assets related to secured borrowings [Line Items] | ||
Pledged Assets, Other, Not Separately Reported on Statement of Financial Position | 16,800 | 19,000 |
Pledged assets for Federal Reserve Bank [Member] | Ally Bank [Member] | ||
Pledged Assets related to secured borrowings [Line Items] | ||
Pledged Assets, Other, Not Separately Reported on Statement of Financial Position | 2,300 | 2,400 |
Secured Debt [Member] | ||
Pledged Assets related to secured borrowings [Line Items] | ||
Short-term Debt | 3,470 | 9,051 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||
Pledged Assets related to secured borrowings [Line Items] | ||
Pledged Assets, Not Separately Reported, Finance Receivables | 26,420 | 27,846 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Ally Bank [Member] | ||
Pledged Assets related to secured borrowings [Line Items] | ||
Pledged Assets, Not Separately Reported, Finance Receivables | 4,523 | 5,751 |
Commercial Portfolio Segment [Member] | Automobile Loan [Member] | ||
Pledged Assets related to secured borrowings [Line Items] | ||
Pledged Assets, Not Separately Reported, Finance Receivables | 17,901 | 19,487 |
Commercial Portfolio Segment [Member] | Automobile Loan [Member] | Ally Bank [Member] | ||
Pledged Assets related to secured borrowings [Line Items] | ||
Pledged Assets, Not Separately Reported, Finance Receivables | $ 17,709 | $ 19,280 |
Debt Debt (Narrative - Trust Pr
Debt Debt (Narrative - Trust Preferred Securities) (Details) $ / shares in Units, $ in Billions | Mar. 31, 2017USD ($)$ / shares |
Narrative - Trust Preferred Securities [Line Items] | |
Debt Instrument, Interest Rate, Stated Percentage | 0.00% |
Preferred Stock, Liquidation Preference Per Share | $ / shares | $ 25 |
From and including February 15, 2016, to but excluding February 15, 2040, distributions will be payable at an annual rate equal to three-month London interbank offer rate plus: | 0.00% |
Ally has the right to defer payments of interest for a period not exceeding consecutive quarters of: | 20 |
Percent of principle debt, plus accrued and unpaid interest is the redemption price if Ally redeems the Series 2 TRUPS on or after February 15, 2016. | 100.00% |
Fixed Income Interest Rate [Member] | |
Narrative - Trust Preferred Securities [Line Items] | |
Trust preferred securities | $ | $ 2.6 |
Debt (Committed Funding Facilit
Debt (Committed Funding Facilities) (Details) - Committed Funding Facilities Member - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 |
Debt Instrument [Line Items] | ||
Line of Credit Facility, Maximum Borrowing Capacity | $ 16,425 | $ 18,375 |
Long-term Line of Credit | 15,423 | 14,800 |
Unused capacity | 1,002 | 3,575 |
Bank Funding Member | Secured Debt [Member] | ||
Debt Instrument [Line Items] | ||
Line of Credit Facility, Maximum Borrowing Capacity | 2,400 | 3,600 |
Long-term Line of Credit | 2,050 | 3,250 |
Unused capacity | 350 | 350 |
Revolving secured funding facilities [Member] | ||
Debt Instrument [Line Items] | ||
Line of Credit Facility, Maximum Borrowing Capacity | 15,600 | |
Revolving secured funding facilities 1 year or greater [Member] | ||
Debt Instrument [Line Items] | ||
Line of Credit Facility, Maximum Borrowing Capacity | 3,100 | |
Nonbank Funding Member | Secured Debt [Member] | ||
Debt Instrument [Line Items] | ||
Line of Credit Facility, Maximum Borrowing Capacity | 12,775 | 13,525 |
Long-term Line of Credit | 12,123 | 11,550 |
Unused capacity | 652 | 1,975 |
Nonbank Funding Member | Unsecured Debt [Member] | ||
Debt Instrument [Line Items] | ||
Line of Credit Facility, Maximum Borrowing Capacity | 1,250 | 1,250 |
Long-term Line of Credit | 1,250 | 0 |
Unused capacity | $ 0 | $ 1,250 |
Accrued Expenses and Other Li95
Accrued Expenses and Other Liabilities (Schedule of Accrued Expenses and Other Liabilities) (Details) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | Dec. 31, 2015 |
Accounts Payable and Accrued Liabilities [Abstract] | ||||
Accounts Payable | $ 851 | $ 649 | ||
Liability for Claims and Claims Adjustment Expense | 175 | 149 | $ 184 | $ 169 |
Accrued Employee Benefits | 156 | 232 | ||
Derivative Liability, Fair Value, Gross Liability | 81 | 95 | ||
Deferred Revenue | 47 | 56 | ||
Cash and securities collateral placed with counterparties | 12 | 10 | ||
Other Accrued Liabilities | 600 | 546 | ||
Accounts Payable and Accrued Liabilities | $ 1,922 | $ 1,737 |
Accumulated Other Comprehensi96
Accumulated Other Comprehensive Loss (Rollforward) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax [Abstract] | ||
Beginning Balance Accumulated Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax | $ (273) | $ (159) |
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax, Portion Attributable to Parent | 21 | 142 |
Ending Balance Accumulated Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax | (252) | (17) |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax [Abstract] | ||
Beginning Balance Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax | 14 | 9 |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax | 0 | 5 |
Ending Balance Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax | 14 | 14 |
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax [Abstract] | ||
Beginning Balance Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax | 8 | 8 |
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax, Portion Attributable to Parent | 0 | 0 |
Ending Balance Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax | 8 | 8 |
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax [Abstract] | ||
Beginning Balance Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax | (90) | (89) |
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax, Portion Attributable to Parent | (1) | (1) |
Ending Balance Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax | (91) | (90) |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ||
Accumulated Other Comprehensive Income (Loss), Net of Tax | (341) | (231) |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 20 | 146 |
Accumulated Other Comprehensive Income (Loss), Net of Tax | $ (321) | $ (85) |
Accumulated Other Comprehensi97
Accumulated Other Comprehensive Loss (Before and After Tax) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, before Tax, [Abstract] | ||
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, before Tax | $ 51 | $ 280 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax | 27 | 54 |
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, before Tax, Portion Attributable to Parent | 24 | 226 |
Other Comprehensive Income (Loss), Available-for-sale Securities, Tax [Abstract] | ||
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax | (5) | (104) |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | (2) | (20) |
Other Comprehensive Income (Loss), Available-for-sale Securities, Tax, Portion Attributable to Parent | (3) | (84) |
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax [Abstract] | ||
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax | 46 | 176 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax | 25 | 34 |
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax, Portion Attributable to Parent | 21 | 142 |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax [Abstract] | ||
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax | 2 | 13 |
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax [Abstract] | ||
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax | (1) | (5) |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax [Abstract] | ||
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax | 1 | 8 |
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax [Abstract] | ||
Other Comprehensive Income Unrealized Gain Loss On Net Investment Hedges Arising During the Period, Before Tax | (2) | (6) |
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax Effect [Abstract] | ||
Other Comprehensive Income Unrealized Gain Loss On Net Investment Hedges Arising During the Period, Tax | 1 | 3 |
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax [Abstract] | ||
Other Comprehensive Income Unrealized Gain Loss On Net Investment Hedges Arising During the Period Net of Tax | (1) | (3) |
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Tax, [Abstract] | ||
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, before Tax | (1) | (1) |
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax [Abstract] | ||
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, Tax | 0 | 0 |
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax [Abstract] | ||
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, Net of Tax | (1) | (1) |
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent | 23 | 232 |
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent | 3 | 86 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | $ 20 | $ 146 |
Earnings per Common Share (Sche
Earnings per Common Share (Schedule of Basic and Diluted Earnings per Common Share) (Details) - USD ($) $ / shares in Units, $ in Millions | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Earnings Per Share [Abstract] | ||
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $ 213 | $ 247 |
Dividends, Preferred Stock, Cash | 0 | (15) |
Net income (loss) from continuing operations attributable to common shareholders | 213 | 232 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 1 | 3 |
Net Income (Loss) Available to Common Stockholders, Basic | $ 214 | $ 235 |
Weighted Average Number of Shares Outstanding, Basic | 465,961,123 | 484,233,246 |
Weighted Average Number of Shares Outstanding, Diluted | 466,829,404 | 484,654,229 |
Earnings Per Share, Basic [Abstract] | ||
Income (Loss) from Continuing Operations, Per Basic Share | $ 0.46 | $ 0.48 |
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share | 0 | 0.01 |
Earnings Per Share, Basic | 0.46 | 0.49 |
Earnings Per Share, Diluted [Abstract] | ||
Income (Loss) from Continuing Operations, Per Diluted Share | 0.46 | 0.48 |
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share | 0 | 0.01 |
Earnings Per Share, Diluted | $ 0.46 | $ 0.49 |
Regulatory Capital and Other 99
Regulatory Capital and Other Regulatory Matters (Schedule of Regulatory Capital Amount and Ratios) (Details) - USD ($) $ / shares in Units, $ in Millions | 3 Months Ended | 9 Months Ended | |||||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2017 | Apr. 14, 2017 | Dec. 31, 2016 | Oct. 18, 2016 | Jul. 18, 2016 | |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||||||
Common Equity Tier 1 Capital Required for Capital Adequacy to Risk-weighted Assets | 4.50% | 4.50% | |||||
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 6.00% | 6.00% | |||||
Capital Required for Capital Adequacy to Risk Weighted Assets | 8.00% | 8.00% | |||||
Common equity Tier 1 capital conservation buffer | 2.50% | 2.50% | |||||
Federal Reserve Bank Stock | $ 435 | $ 435 | $ 435 | ||||
assets greater than $50 billion | $ 50,000 | $ 50,000 | |||||
Dividends Payable, Amount Per Share | $ 0.08 | $ 0.08 | $ 0.08 | $ 0.08 | |||
Stock Repurchase Program, Authorized Amount | $ 700 | $ 700 | |||||
Treasury Stock, Value, Acquired, Cost Method | $ 169 | $ 14 | $ 495 | ||||
Treasury Stock, Common, Shares | 25,140,190 | 25,140,190 | |||||
Reduction in total shares outstanding | 5.20% | 5.20% | |||||
Common Stock, Shares, Outstanding | 462,193,424 | 462,193,424 | 467,000,306 | ||||
Subsequent Event [Member] | |||||||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||||||
Dividends Payable, Amount Per Share | $ 0.08 | ||||||
Parent Company [Member] | |||||||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||||||
Common Equity Tier 1 Capital Required for Capital Adequacy to Risk-weighted Assets | 4.50% | 4.50% | |||||
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 6.00% | 6.00% | |||||
Capital Required for Capital Adequacy to Risk Weighted Assets | 8.00% | 8.00% | |||||
Tier One Leverage Capital Required for Capital Adequacy to Average Assets | 4.00% | 4.00% | |||||
Common Equity Tier 1 Capital | $ 12,923 | $ 12,923 | $ 12,978 | ||||
Percentage of Common Equity Tier 1 Capital to Risk-weighted Assets | 9.40% | 9.40% | 9.37% | ||||
Tier One Risk Based Capital | $ 15,245 | $ 15,245 | $ 15,147 | ||||
Tier One Risk Based Capital to Risk Weighted Assets | 11.09% | 11.09% | 10.93% | ||||
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets | 6.00% | 6.00% | |||||
Capital | $ 17,459 | $ 17,459 | $ 17,419 | ||||
Capital to Risk Weighted Assets | 12.70% | 12.70% | 12.57% | ||||
Capital Required to be Well Capitalized to Risk Weighted Assets | 10.00% | 10.00% | |||||
Tier One Leverage Capital | $ 15,245 | $ 15,245 | $ 15,147 | ||||
Tier One Leverage Capital to Average Assets | 9.51% | 9.51% | 9.54% | ||||
Subsidiaries [Member] | |||||||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||||||
Common Equity Tier 1 Capital Required for Capital Adequacy to Risk-weighted Assets | 4.50% | 4.50% | |||||
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 6.00% | 6.00% | |||||
Capital Required for Capital Adequacy to Risk Weighted Assets | 8.00% | 8.00% | |||||
Tier One Leverage Capital Required for Capital Adequacy to Average Assets | 15.00% | 15.00% | |||||
Common Equity Tier 1 Capital | $ 18,562 | $ 18,562 | $ 17,888 | ||||
Percentage of Common Equity Tier 1 Capital to Risk-weighted Assets | 17.74% | 17.74% | 16.70% | ||||
Common Equity Tier 1 Capital Required to be Well Capitalized to Risk-weighted Assets | 6.50% | 6.50% | |||||
Tier One Risk Based Capital | $ 18,562 | $ 18,562 | $ 17,888 | ||||
Tier One Risk Based Capital to Risk Weighted Assets | 17.74% | 17.74% | 16.70% | ||||
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets | 8.00% | 8.00% | |||||
Capital | $ 19,167 | $ 19,167 | $ 18,458 | ||||
Capital to Risk Weighted Assets | 18.32% | 18.32% | 17.24% | ||||
Capital Required to be Well Capitalized to Risk Weighted Assets | 10.00% | 10.00% | |||||
Tier One Leverage Capital | $ 18,562 | $ 18,562 | $ 17,888 | ||||
Tier One Leverage Capital to Average Assets | 15.38% | 15.38% | 15.21% | ||||
Tier One Leverage Capital Required to be Well Capitalized to Average Assets | 5.00% | 5.00% |
Derivative Instruments and H100
Derivative Instruments and Hedging Activities (Narrative) (Details) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
Cash Collateral Placed with Counterparties Excluding Cash Collateral Associated with Repurchase Agreements | $ 115 | $ 122 |
Securities Collateral Placed with Counterparties | 59 | 72 |
Non-derivative Cash Collateral Placed with Counterparties Associated with the Repurchase Agreements | 5 | 45 |
Cash Collateral Received from Counterparties, Excluding Collateral Associated with Repurchase Agreements | 12 | 10 |
Non-derivative Cash Collateral Received from Counterparties Associated with the Repurchase Agreements. | 1 | |
Non-cash collateral received | $ 6 | $ 6 |
Derivative Instruments and H101
Derivative Instruments and Hedging Activities (Fair Value Amounts of Derivative Instruments Reported on our Condensed Consolidated Balance Sheet) (Details) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 |
Derivatives, Fair Value [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | $ 80 | $ 95 |
Derivative Liability, Fair Value, Gross Liability | 81 | 95 |
Derivative, Notional Amount | 31,090 | 34,166 |
Interest Receivable | 457 | 476 |
Designated as Hedging Instrument [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | 18 | 20 |
Derivative Liability, Fair Value, Gross Liability | 18 | 21 |
Derivative, Notional Amount | 4,089 | 4,902 |
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | 18 | 19 |
Derivative Liability, Fair Value, Gross Liability | 17 | 21 |
Derivative, Notional Amount | 3,939 | 4,731 |
Hedge notional amount associated with debt maturing in five or more years | 2,600 | |
Foreign Exchange Forward [Member] | Designated as Hedging Instrument [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | 0 | 1 |
Derivative Liability, Fair Value, Gross Liability | 1 | 0 |
Derivative, Notional Amount | 150 | 171 |
Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | 62 | 73 |
Derivative Liability, Fair Value, Gross Liability | 62 | 73 |
Derivative, Notional Amount | 26,907 | 29,172 |
Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | 0 | 1 |
Derivative Liability, Fair Value, Gross Liability | 1 | 0 |
Derivative, Notional Amount | 94 | 92 |
Equity Contract [Member] | Designated as Hedging Instrument [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | 0 | 1 |
Derivative Liability, Fair Value, Gross Liability | 0 | 1 |
Derivative, Notional Amount | 0 | 0 |
Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Receive-fixed Swaps, Fair Value, Gross Asset | 11 | 8 |
Receive-fixed Swaps, Fair Value, Gross Liability | 18 | 14 |
Receive-fixed Swaps, Notional Amount | 2,600 | 1,700 |
Pay-fixed Swaps, Fair Value, Gross Asset | 7 | 10 |
Pay-fixed Swaps, Fair Value, Gross Liability | 0 | 1 |
Pay-fixed Swaps, Notional Amount | 1,400 | 2,800 |
Interest Rate Swap [Member] | Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | 0 | 0 |
Derivative Liability, Fair Value, Gross Liability | 0 | 0 |
Derivative, Notional Amount | 43 | 137 |
Foreign Exchange Forward [Member] | Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | 0 | 1 |
Derivative Liability, Fair Value, Gross Liability | 1 | 0 |
Derivative, Notional Amount | 94 | 92 |
Futures and Forwards [Member] | Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | 0 | 0 |
Derivative Liability, Fair Value, Gross Liability | 0 | 0 |
Derivative, Notional Amount | 25 | 0 |
Written Options [Member] | Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | 0 | 0 |
Derivative Liability, Fair Value, Gross Liability | 62 | 73 |
Derivative, Notional Amount | 13,432 | 14,518 |
Written Options [Member] | Equity Contract [Member] | Designated as Hedging Instrument [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | 0 | 0 |
Derivative Liability, Fair Value, Gross Liability | 0 | 1 |
Derivative, Notional Amount | 0 | 0 |
Purchased Options [Member] | Interest Rate Contract [Member] | Not Designated as Hedging Instrument [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | 62 | 73 |
Derivative Liability, Fair Value, Gross Liability | 0 | 0 |
Derivative, Notional Amount | 13,407 | 14,517 |
Purchased Options [Member] | Equity Contract [Member] | Designated as Hedging Instrument [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | 0 | 1 |
Derivative Liability, Fair Value, Gross Liability | 0 | 0 |
Derivative, Notional Amount | 0 | 0 |
Other Trading [Member] | Not Designated as Hedging Instrument [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | 62 | 75 |
Derivative Liability, Fair Value, Gross Liability | 63 | 74 |
Derivative, Notional Amount | 27,001 | 29,264 |
Secured Debt [Member] | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Receive-fixed Swaps, Fair Value, Gross Asset | 0 | 0 |
Receive-fixed Swaps, Fair Value, Gross Liability | 0 | 7 |
Receive-fixed Swaps, Notional Amount | 0 | 240 |
Derivative assets in net asset position [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | 78 | 87 |
Interest Receivable | 3 | 7 |
Derivative assets in net liability positions [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | 2 | 8 |
Interest Receivable | $ 0 | $ 1 |
Derivative Instruments and H102
Derivative Instruments and Hedging Activities (Statement of Gains and Losses on Derivative Instruments Reported in Statement of Comprehensive Income) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) on Derivative Instruments, Net, Pretax | $ (1) | $ (5) |
Not Designated as Hedging Instrument [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) on Derivative Instruments, Net, Pretax | (4) | (9) |
Interest Rate Contract [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) on Interest Rate Derivative Instruments Not Designated as Hedging Instruments | (2) | 2 |
Foreign Exchange Contract [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments | (1) | (5) |
Equity Contract [Member] | Not Designated as Hedging Instrument [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) on Derivative Instruments, Net, Pretax | 0 | (1) |
Interest Income [Member] | Interest Rate Contract [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) on Derivative Instruments, Net, Pretax | 2 | (28) |
Interest Income [Member] | Interest Rate Contract [Member] | Hedges of Retail Auto Loans Held for Investment [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) on Derivative Instruments, Net, Pretax | 1 | 7 |
Interest Income [Member] | Interest Rate Contract [Member] | Losses Related to Amortization of Deferred Basis Adjustments [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) on Derivative Instruments, Net, Pretax | 5 | 5 |
Interest Income [Member] | Interest Rate Contract [Member] | Gains Related to Amortization of Deferred Basis Adjustments [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) on Derivative Instruments, Net, Pretax | 20 | 18 |
Interest Income [Member] | Interest Rate Contract [Member] | Losses Related to Amortization of Deferred Basis Adjustments (FHLB) [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) on Derivative Instruments, Net, Pretax | 1 | 0 |
Interest Income [Member] | Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) on Derivative Instruments, Net, Pretax | (4) | 28 |
Interest Expense [Member] | Interest Rate Contract [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) on Derivative Instruments, Net, Pretax | 4 | 191 |
Interest Expense [Member] | Interest Rate Contract [Member] | Hedges of Unsecured Debt Held for Investment [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) on Derivative Instruments, Net, Pretax | 5 | 16 |
Interest Expense [Member] | Interest Rate Contract [Member] | Hedges of Secured Debt [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) on Derivative Instruments, Net, Pretax | 0 | 1 |
Interest Expense [Member] | Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) on Derivative Instruments, Net, Pretax | (3) | (196) |
Interest Expense [Member] | Foreign Exchange Contract [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments | 0 | (1) |
Other Income [Member] | Interest Rate Contract [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) on Interest Rate Derivative Instruments Not Designated as Hedging Instruments | (2) | 2 |
Other Income [Member] | Foreign Exchange Contract [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments | (1) | (4) |
Other Income [Member] | Foreign Exchange Contract [Member] | Revaluation of Foreign-Denominated Debt or Receivable [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments | 1 | 4 |
Employee compensation and benefits [Member] | Equity Contract [Member] | Not Designated as Hedging Instrument [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) on Derivative Instruments, Net, Pretax | $ 0 | $ (1) |
Derivative Instruments and H103
Derivative Instruments and Hedging Activities (Derivative Instruments Used in Net Investment Hedge Accounting Relationships) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Derivative Instruments, Gain (Loss) [Line Items] | ||
Cumulative Translation Adjustment, Net of Tax, Period Increase (Decrease) | $ 3 | $ 11 |
Foreign Exchange Contract [Member] | Net Investment Hedging [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net | $ (2) | $ (6) |
Income Taxes Income Taxes (Inco
Income Taxes Income Taxes (Income Tax Expense) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Income Tax Disclosure [Abstract] | ||
Income Tax Expense (Benefit) | $ 113 | $ 150 |
Fair Value (Fair Value Measurme
Fair Value (Fair Value Measurment - Recurring Basis) (Details) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | $ 20,308 | $ 18,926 |
Derivative Assets | 65 | 74 |
Derivative Financial Instruments, Liabilities, Fair Value Disclosure | $ (60) | $ (70) |
Available-for-sale, Equity Investment in Any One Industry Did Not Exceed Percentage | 16.00% | 14.00% |
Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | $ 20,308 | $ 18,926 |
Mortgages Held-for-sale, Fair Value Disclosure | 1 | |
Retained Interest, Fair Value Disclosure | 31 | 29 |
Derivative Assets | 80 | 95 |
Assets, Fair Value Disclosure | 20,420 | 19,050 |
Derivative Financial Instruments, Liabilities, Fair Value Disclosure | (81) | (95) |
Liabilities, Fair Value Disclosure | (81) | (95) |
Fair Value, Measurements, Recurring [Member] | Interest Rate Contract [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative Financial Instruments, Liabilities, Fair Value Disclosure | (80) | (94) |
Fair Value, Measurements, Recurring [Member] | Foreign Exchange Contract [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative Financial Instruments, Liabilities, Fair Value Disclosure | (1) | |
Fair Value, Measurements, Recurring [Member] | Other Contract [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative Financial Instruments, Liabilities, Fair Value Disclosure | (1) | |
Fair Value, Measurements, Recurring [Member] | Debt Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 19,864 | 18,331 |
Fair Value, Measurements, Recurring [Member] | US Treasury and Government [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 2,225 | 1,620 |
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 795 | 782 |
Fair Value, Measurements, Recurring [Member] | Foreign Government Debt Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 146 | 162 |
Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 11,862 | 10,290 |
Fair Value, Measurements, Recurring [Member] | Residential Mortgage Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 1,996 | 2,097 |
Fair Value, Measurements, Recurring [Member] | Commercial Mortgage Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 534 | 537 |
Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 1,051 | 1,400 |
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 1,255 | 1,443 |
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 444 | 595 |
Fair Value, Measurements, Recurring [Member] | Interest Rate Contract [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative Assets | 80 | 92 |
Fair Value, Measurements, Recurring [Member] | Foreign Exchange Contract [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative Assets | 2 | |
Fair Value, Measurements, Recurring [Member] | Other Contract [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative Assets | 1 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 2,678 | 2,226 |
Mortgages Held-for-sale, Fair Value Disclosure | 0 | |
Retained Interest, Fair Value Disclosure | 0 | 0 |
Derivative Assets | 0 | 1 |
Assets, Fair Value Disclosure | 2,678 | 2,227 |
Derivative Financial Instruments, Liabilities, Fair Value Disclosure | 0 | (1) |
Liabilities, Fair Value Disclosure | 0 | (1) |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Contract [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative Financial Instruments, Liabilities, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Foreign Exchange Contract [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative Financial Instruments, Liabilities, Fair Value Disclosure | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Other Contract [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative Financial Instruments, Liabilities, Fair Value Disclosure | (1) | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Debt Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 2,234 | 1,631 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | US Treasury and Government [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 2,225 | 1,620 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Foreign Government Debt Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 9 | 11 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Residential Mortgage Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial Mortgage Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Asset-backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Corporate Debt Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 444 | 595 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Contract [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative Assets | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Foreign Exchange Contract [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative Assets | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Other Contract [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative Assets | 1 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 17,630 | 16,700 |
Mortgages Held-for-sale, Fair Value Disclosure | 0 | |
Retained Interest, Fair Value Disclosure | 0 | 0 |
Derivative Assets | 80 | 94 |
Assets, Fair Value Disclosure | 17,710 | 16,794 |
Derivative Financial Instruments, Liabilities, Fair Value Disclosure | (81) | (94) |
Liabilities, Fair Value Disclosure | (81) | (94) |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Contract [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative Financial Instruments, Liabilities, Fair Value Disclosure | (80) | (94) |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Foreign Exchange Contract [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative Financial Instruments, Liabilities, Fair Value Disclosure | (1) | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Other Contract [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative Financial Instruments, Liabilities, Fair Value Disclosure | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Debt Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 17,630 | 16,700 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US Treasury and Government [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 795 | 782 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Foreign Government Debt Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 137 | 151 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 11,862 | 10,290 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Residential Mortgage Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 1,996 | 2,097 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial Mortgage Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 534 | 537 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Asset-backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 1,051 | 1,400 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 1,255 | 1,443 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Equity Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Contract [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative Assets | 80 | 92 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Foreign Exchange Contract [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative Assets | 2 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Other Contract [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative Assets | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 0 | 0 |
Mortgages Held-for-sale, Fair Value Disclosure | 1 | |
Retained Interest, Fair Value Disclosure | 31 | 29 |
Derivative Assets | 0 | 0 |
Assets, Fair Value Disclosure | 32 | 29 |
Derivative Financial Instruments, Liabilities, Fair Value Disclosure | 0 | 0 |
Liabilities, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Contract [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative Financial Instruments, Liabilities, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Foreign Exchange Contract [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative Financial Instruments, Liabilities, Fair Value Disclosure | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other Contract [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative Financial Instruments, Liabilities, Fair Value Disclosure | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Debt Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | US Treasury and Government [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Foreign Government Debt Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Residential Mortgage Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Mortgage Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Asset-backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Corporate Debt Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Equity Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Contract [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative Assets | $ 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Foreign Exchange Contract [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative Assets | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other Contract [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative Assets | $ 0 |
Fair Value (Fair Value Measurem
Fair Value (Fair Value Measurement - Reconciliation of Level 3 Assets And Liabilities) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Fair Value, Assets, Beginning balance | $ 29 | $ 40 |
Net realized/unrealized gains (losses) included in earnings, Assets | 0 | 2 |
Net realized/unrealized gains (losses) included in other comprehensive income, Assets | 0 | 0 |
Purchases, Assets | 3 | 0 |
Sales, Assets | 2 | 4 |
Issuances, Assets | 0 | 0 |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements | (2) | (15) |
Fair Value, Assets, Ending balance | 32 | 31 |
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) | 0 | 0 |
Loans Held-for-Sale [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Fair Value, Assets, Beginning balance | 0 | |
Net realized/unrealized gains (losses) included in earnings, Assets | 0 | |
Net realized/unrealized gains (losses) included in other comprehensive income, Assets | 0 | |
Purchases, Assets | 3 | |
Sales, Assets | (2) | |
Issuances, Assets | 0 | |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements | 0 | |
Fair Value, Assets, Ending balance | 1 | |
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) | 0 | |
Retained Interest [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Fair Value, Assets, Beginning balance | 29 | 40 |
Net realized/unrealized gains (losses) included in earnings, Assets | 0 | 2 |
Net realized/unrealized gains (losses) included in other comprehensive income, Assets | 0 | 0 |
Purchases, Assets | 0 | 0 |
Sales, Assets | 4 | 4 |
Issuances, Assets | 0 | 0 |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements | (2) | (15) |
Fair Value, Assets, Ending balance | 31 | 31 |
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) | $ 0 | $ 0 |
Fair Value (Fair Value Measu107
Fair Value (Fair Value Measurement - Nonrecurring Basis) (Details) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group | $ 1 | $ 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Loans held-for-sale, Total [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group | $ 39 | ||
Lower of cost or fair value or valuation reserve allowance | 0 | ||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Finance Receivables And Loans, Automotive [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Commercial Finance Receivables and Loans, Net, Fair Value | 29 | 17 | |
Lower of cost or fair value or valuation reserve allowance | (3) | (3) | |
Fair Value, Measurements, Nonrecurring [Member] | Commercial Finance Receivables And Loans, Other [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Commercial Finance Receivables and Loans, Net, Fair Value | 61 | 28 | |
Lower of cost or fair value or valuation reserve allowance | (21) | (15) | |
Fair Value, Measurements, Nonrecurring [Member] | Commercial Loan [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Commercial Finance Receivables and Loans, Net, Fair Value | 90 | 45 | |
Lower of cost or fair value or valuation reserve allowance | (24) | (18) | |
Fair Value, Measurements, Nonrecurring [Member] | Repossessed And Foreclosed Assets [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Other Assets, Fair Value Disclosure | 15 | 12 | |
Lower of cost or fair value or valuation reserve allowance | (2) | (3) | |
Fair Value, Measurements, Nonrecurring [Member] | Other Assets [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Other Assets, Fair Value Disclosure | 4 | 6 | |
Lower of cost or fair value or valuation reserve allowance | 0 | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Assets, Total [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 109 | 102 | |
Lower of cost or fair value or valuation reserve allowance | (26) | (21) | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Loans held-for-sale, Total [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group | 0 | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial Finance Receivables And Loans, Automotive [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Commercial Finance Receivables and Loans, Net, Fair Value | 0 | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial Finance Receivables And Loans, Other [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Commercial Finance Receivables and Loans, Net, Fair Value | 0 | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial Loan [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Commercial Finance Receivables and Loans, Net, Fair Value | 0 | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Repossessed And Foreclosed Assets [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Other Assets, Fair Value Disclosure | 0 | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Other Assets [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Other Assets, Fair Value Disclosure | 0 | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Assets, Total [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 0 | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Loans held-for-sale, Total [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group | 0 | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial Finance Receivables And Loans, Automotive [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Commercial Finance Receivables and Loans, Net, Fair Value | 0 | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial Finance Receivables And Loans, Other [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Commercial Finance Receivables and Loans, Net, Fair Value | 0 | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial Loan [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Commercial Finance Receivables and Loans, Net, Fair Value | 0 | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Repossessed And Foreclosed Assets [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Other Assets, Fair Value Disclosure | 0 | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Other Assets [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Other Assets, Fair Value Disclosure | 0 | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Assets, Total [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 0 | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Loans held-for-sale, Total [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group | 39 | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Finance Receivables And Loans, Automotive [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Commercial Finance Receivables and Loans, Net, Fair Value | 29 | 17 | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Finance Receivables And Loans, Other [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Commercial Finance Receivables and Loans, Net, Fair Value | 61 | 28 | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Loan [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Commercial Finance Receivables and Loans, Net, Fair Value | 90 | 45 | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Repossessed And Foreclosed Assets [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Other Assets, Fair Value Disclosure | 15 | 12 | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other Assets [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Other Assets, Fair Value Disclosure | 4 | 6 | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Assets, Total [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | $ 109 | $ 102 |
Fair Value Fair Value (Fair Val
Fair Value Fair Value (Fair Value Measurements - Nonrecurring Fair Value Inputs) (Details) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group | $ 1 | $ 0 |
Fair Value (Fair Value of Finan
Fair Value (Fair Value of Financial Instruments) (Details) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Held-to-maturity securities | $ 1,104 | $ 839 |
Loans and Leases Receivable, Net Amount | 117,847 | 117,800 |
Nonmarketable equity investments | 833 | 1,046 |
Deposits | 84,486 | 79,022 |
Short-term Debt | 8,371 | 12,673 |
Long-term Debt | 51,061 | 54,128 |
Reported Value Measurement [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Held-to-maturity securities | 1,104 | 839 |
Loans and Leases Receivable, Net Amount | 117,847 | 117,800 |
Nonmarketable equity investments | 833 | 1,046 |
Deposits | 84,486 | 79,022 |
Short-term Debt | 8,371 | 12,673 |
Long-term Debt | 51,061 | 54,128 |
Portion at Fair Value Measurement [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Held-to-maturity securities | 1,063 | 789 |
Loans and Leases Receivable, Net Amount | 119,420 | 118,750 |
Nonmarketable equity investments | 854 | 1,067 |
Deposits | 82,715 | 78,469 |
Short-term Debt | 8,372 | 12,675 |
Long-term Debt | 53,115 | 56,120 |
Portion at Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Held-to-maturity securities | 0 | 0 |
Loans and Leases Receivable, Net Amount | 0 | 0 |
Nonmarketable equity investments | 0 | 0 |
Deposits | 0 | 0 |
Short-term Debt | 0 | 0 |
Long-term Debt | 0 | 0 |
Portion at Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Held-to-maturity securities | 1,063 | 789 |
Loans and Leases Receivable, Net Amount | 0 | 0 |
Nonmarketable equity investments | 795 | 1,012 |
Deposits | 0 | 0 |
Short-term Debt | 0 | 0 |
Long-term Debt | 19,604 | 22,036 |
Portion at Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Held-to-maturity securities | 0 | 0 |
Loans and Leases Receivable, Net Amount | 119,420 | 118,750 |
Nonmarketable equity investments | 59 | 55 |
Deposits | 82,715 | 78,469 |
Short-term Debt | 8,372 | 12,675 |
Long-term Debt | $ 33,511 | $ 34,084 |
Offsetting Assets and Liabil110
Offsetting Assets and Liabilities Offsetting Assets and Liabilities (Assets) (Details) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 |
Offsetting Assets [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | $ 80 | $ 95 |
Gross Amounts Offset in the Condensed Consolidated Balance Sheet | 0 | 0 |
Derivative Asset, Fair Value, Amount Offset Against Collateral | 80 | 95 |
Derivative Asset, Not Subject to Master Netting Arrangement | (7) | (12) |
Derivative, Collateral, Obligation to Return Cash | (8) | (9) |
Derivative Asset | 65 | 74 |
Customer Securities for which Entity has Right to Sell or Repledge, Fair Value | 6 | 6 |
Derivative assets in net asset position [Member] | ||
Offsetting Assets [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | 78 | 87 |
Gross Amounts Offset in the Condensed Consolidated Balance Sheet | 0 | 0 |
Derivative Asset, Fair Value, Amount Offset Against Collateral | 78 | 87 |
Derivative Asset, Not Subject to Master Netting Arrangement | (5) | (4) |
Derivative, Collateral, Obligation to Return Cash | (8) | (9) |
Derivative Asset | 65 | 74 |
Derivative assets in net liability positions [Member] | ||
Offsetting Assets [Line Items] | ||
Derivative Asset, Fair Value, Gross Asset | 2 | 8 |
Gross Amounts Offset in the Condensed Consolidated Balance Sheet | 0 | 0 |
Derivative Asset, Fair Value, Amount Offset Against Collateral | 2 | 8 |
Derivative Asset, Not Subject to Master Netting Arrangement | (2) | (8) |
Derivative, Collateral, Obligation to Return Cash | 0 | 0 |
Derivative Asset | $ 0 | $ 0 |
Offsetting Assets and Liabil111
Offsetting Assets and Liabilities Offsetting Assets and Liabilities (Liabilities) (Details) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 |
Offsetting Liabilities [Line Items] | ||
Derivative Liability, Fair Value, Gross Liability | $ (81) | $ (95) |
Gross Amounts Offset in the Condensed Consolidated Balance Sheet | 0 | 0 |
Derivative Liability, Fair Value, Amount Offset Against Collateral | (81) | (95) |
Derivative Liability, Not Subject to Master Netting Arrangement Deduction | 7 | 12 |
Derivative, Collateral, Right to Reclaim Cash | 14 | 13 |
Derivative Liability | (60) | (70) |
Customer Securities for which Entity has Right to Sell or Repledge, Fair Value | 6 | 6 |
Derivative Liabilities in Net Liability Positions [Member] | ||
Offsetting Liabilities [Line Items] | ||
Derivative Liability, Fair Value, Gross Liability | (76) | (91) |
Gross Amounts Offset in the Condensed Consolidated Balance Sheet | 0 | 0 |
Derivative Liability, Fair Value, Amount Offset Against Collateral | (76) | (91) |
Derivative Liability, Not Subject to Master Netting Arrangement Deduction | 2 | 8 |
Derivative, Collateral, Right to Reclaim Cash | 14 | 13 |
Derivative Liability | (60) | (70) |
Derivative liabilities in net asset positions [Member] | ||
Offsetting Liabilities [Line Items] | ||
Derivative Liability, Fair Value, Gross Liability | (5) | (4) |
Gross Amounts Offset in the Condensed Consolidated Balance Sheet | 0 | 0 |
Derivative Liability, Fair Value, Amount Offset Against Collateral | (5) | (4) |
Derivative Liability, Not Subject to Master Netting Arrangement Deduction | 5 | 4 |
Derivative, Collateral, Right to Reclaim Cash | 0 | 0 |
Derivative Liability | 0 | 0 |
Securities sold under agreement to repurchase [Member] | ||
Offsetting Liabilities [Line Items] | ||
Derivative Liability, Fair Value, Gross Liability | (1,146) | (676) |
Gross Amounts Offset in the Condensed Consolidated Balance Sheet | 0 | 0 |
Derivative Liability, Fair Value, Amount Offset Against Collateral | (1,146) | (676) |
Derivative Liability, Not Subject to Master Netting Arrangement Deduction | 0 | 0 |
Derivative, Collateral, Right to Reclaim Cash | 1,146 | 676 |
Derivative Liability | 0 | 0 |
Total Derivative Liabilities [Member] | ||
Offsetting Liabilities [Line Items] | ||
Derivative Liability, Fair Value, Gross Liability | (1,227) | (771) |
Gross Amounts Offset in the Condensed Consolidated Balance Sheet | 0 | 0 |
Derivative Liability, Fair Value, Amount Offset Against Collateral | (1,227) | (771) |
Derivative Liability, Not Subject to Master Netting Arrangement Deduction | 7 | 12 |
Derivative, Collateral, Right to Reclaim Cash | 1,160 | 689 |
Derivative Liability | $ (60) | $ (70) |
Segment Information (Financial
Segment Information (Financial Information Operating Segments) (Details) - USD ($) $ in Millions | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Segment Reporting Information [Line Items] | |||
Net Financing Revenue | $ 979 | $ 951 | |
Nonoperating Income (Expense) | 396 | 376 | |
Revenues | 1,375 | 1,327 | |
Provision for Loan Losses Expensed | 271 | 220 | |
Noninterest Expense | 778 | 710 | |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest | 326 | 397 | |
Assets | 162,101 | 156,505 | $ 163,728 |
Net Interest Income (Loss) after Provision for Loan Losses | 708 | 731 | |
Automotive Finance Operations [Member] | |||
Segment Reporting Information [Line Items] | |||
Net Financing Revenue | 892 | 896 | |
Nonoperating Income (Expense) | 101 | 77 | |
Revenues | 993 | 973 | |
Provision for Loan Losses Expensed | 268 | 209 | |
Noninterest Expense | 437 | 427 | |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest | 288 | 337 | |
Assets | 115,154 | 112,289 | |
Insurance Operations Member | |||
Segment Reporting Information [Line Items] | |||
Net Financing Revenue | 15 | 14 | |
Nonoperating Income (Expense) | 264 | 254 | |
Revenues | 279 | 268 | |
Provision for Loan Losses Expensed | 0 | 0 | |
Noninterest Expense | 239 | 218 | |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest | 40 | 50 | |
Assets | 7,230 | 7,194 | |
Mortgage Finance Operations [Member] | |||
Segment Reporting Information [Line Items] | |||
Net Financing Revenue | 34 | 20 | |
Nonoperating Income (Expense) | 0 | 0 | |
Revenues | 34 | 20 | |
Provision for Loan Losses Expensed | 1 | 3 | |
Noninterest Expense | 24 | 15 | |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest | 9 | 2 | |
Assets | 8,362 | 7,493 | |
Corporate Finance Operations [Member] | |||
Segment Reporting Information [Line Items] | |||
Net Financing Revenue | 34 | 28 | |
Nonoperating Income (Expense) | 18 | 6 | |
Revenues | 52 | 34 | |
Provision for Loan Losses Expensed | 6 | 6 | |
Noninterest Expense | 21 | 17 | |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest | 25 | 11 | |
Assets | 3,438 | 2,839 | |
Corporate and Other [Member] | |||
Segment Reporting Information [Line Items] | |||
Net Financing Revenue | 4 | (7) | |
Nonoperating Income (Expense) | 13 | 39 | |
Revenues | 17 | 32 | |
Provision for Loan Losses Expensed | (4) | 2 | |
Noninterest Expense | 57 | 33 | |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest | (36) | (3) | |
Assets | $ 27,917 | $ 26,690 |
Parent and Guarantor Condens113
Parent and Guarantor Condensed Consolidating Financial Statements (Schedule of Condensed Consolidating Statement of Income) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Condensed Income Statements, Captions [Line Items] | ||
Interest and Fee Income, Loans and Leases | $ 1,368 | $ 1,235 |
Interest and Dividend Income, Securities, Operating | 134 | 102 |
Interest Income, Deposits with Financial Institutions | 5 | 3 |
Operating Leases, Income Statement, Lease Revenue | 543 | 769 |
Total financing revenue and other interest income | 2,050 | 2,109 |
Interest Expense, Deposits | 231 | 193 |
Interest Expense, Short-term Borrowings | 27 | 13 |
Interest Expense, Long-term Debt | 424 | 442 |
Interest Expense, Related Party | 0 | 0 |
Interest Expense | 682 | 648 |
Operating Leases, Income Statement, Depreciation Expense on Property Subject to or Held-for-lease | 389 | 510 |
Net Financing Revenue | 979 | 951 |
Dividends From Non Bank Subsidiary | 0 | 0 |
Insurance Services Revenue | 241 | 230 |
Gain (Loss) on Sales of Loans, Net | 14 | 1 |
Gain (Loss) on Extinguishment of Debt | (1) | (4) |
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments | 27 | 54 |
Noninterest Income, Other Operating Income | 115 | 95 |
Nonoperating Income (Expense) | 396 | 376 |
Revenues | 1,375 | 1,327 |
Provision for Loan Losses Expensed | 271 | 220 |
Labor and Related Expense | 285 | 252 |
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | 88 | 73 |
Other Noninterest Expense | 405 | 385 |
Noninterest Expense | 778 | 710 |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest | 326 | 397 |
Income Tax Expense (Benefit) | 113 | 150 |
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | 213 | 247 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 1 | 3 |
Undistributed income of bank subsidiaries | 0 | 0 |
Undistributed income of nonbank subsidiaries | 0 | 0 |
Net Income (Loss) Attributable to Parent | 214 | 250 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 20 | 146 |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 234 | 396 |
Parent Company [Member] | ||
Condensed Income Statements, Captions [Line Items] | ||
Interest and Fee Income, Loans and Leases | (35) | (38) |
Interest and Dividend Income, Securities, Operating | 0 | 0 |
Interest Income, Deposits with Financial Institutions | 2 | 1 |
Operating Leases, Income Statement, Lease Revenue | 3 | 5 |
Total financing revenue and other interest income | (26) | (29) |
Interest Expense, Deposits | 1 | 2 |
Interest Expense, Short-term Borrowings | 17 | 10 |
Interest Expense, Long-term Debt | 281 | 289 |
Interest Expense, Related Party | 4 | 4 |
Interest Expense | 303 | 305 |
Operating Leases, Income Statement, Depreciation Expense on Property Subject to or Held-for-lease | 2 | 4 |
Net Financing Revenue | (331) | (338) |
Dividends From Non Bank Subsidiary | 41 | 482 |
Insurance Services Revenue | 0 | 0 |
Gain (Loss) on Sales of Loans, Net | (2) | (3) |
Gain (Loss) on Extinguishment of Debt | 0 | (2) |
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments | 0 | 0 |
Noninterest Income, Other Operating Income | 268 | 374 |
Nonoperating Income (Expense) | 266 | 369 |
Revenues | (24) | 513 |
Provision for Loan Losses Expensed | 107 | 60 |
Labor and Related Expense | 122 | 147 |
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | 0 | 0 |
Other Noninterest Expense | 288 | 340 |
Noninterest Expense | 410 | 487 |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest | (541) | (34) |
Income Tax Expense (Benefit) | (134) | (43) |
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | (407) | 9 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 2 | 6 |
Undistributed income of bank subsidiaries | 389 | 270 |
Undistributed income of nonbank subsidiaries | 230 | (35) |
Net Income (Loss) Attributable to Parent | 214 | 250 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 20 | 146 |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 234 | 396 |
Guarantor Subsidiaries [Member] | ||
Condensed Income Statements, Captions [Line Items] | ||
Interest and Fee Income, Loans and Leases | 0 | 0 |
Interest and Dividend Income, Securities, Operating | 0 | 0 |
Interest Income, Deposits with Financial Institutions | 0 | 0 |
Operating Leases, Income Statement, Lease Revenue | 0 | 0 |
Total financing revenue and other interest income | 0 | 0 |
Interest Expense, Deposits | 0 | 0 |
Interest Expense, Short-term Borrowings | 0 | 0 |
Interest Expense, Long-term Debt | 0 | 0 |
Interest Expense, Related Party | 0 | 0 |
Interest Expense | 0 | 0 |
Operating Leases, Income Statement, Depreciation Expense on Property Subject to or Held-for-lease | 0 | 0 |
Net Financing Revenue | 0 | 0 |
Dividends From Non Bank Subsidiary | 0 | 0 |
Insurance Services Revenue | 0 | 0 |
Gain (Loss) on Sales of Loans, Net | 0 | 0 |
Gain (Loss) on Extinguishment of Debt | 0 | 0 |
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments | 0 | 0 |
Noninterest Income, Other Operating Income | 0 | 0 |
Nonoperating Income (Expense) | 0 | 0 |
Revenues | 0 | 0 |
Provision for Loan Losses Expensed | 0 | 0 |
Labor and Related Expense | 0 | 0 |
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | 0 | 0 |
Other Noninterest Expense | 0 | 0 |
Noninterest Expense | 0 | 0 |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest | 0 | 0 |
Income Tax Expense (Benefit) | 0 | 0 |
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | 0 | 0 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | 0 |
Undistributed income of bank subsidiaries | 389 | 270 |
Undistributed income of nonbank subsidiaries | 0 | 0 |
Net Income (Loss) Attributable to Parent | 389 | 270 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 5 | 84 |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 394 | 354 |
Non-Guarantor Subsidiaries [Member] | ||
Condensed Income Statements, Captions [Line Items] | ||
Interest and Fee Income, Loans and Leases | 1,403 | 1,273 |
Interest and Dividend Income, Securities, Operating | 135 | 102 |
Interest Income, Deposits with Financial Institutions | 3 | 2 |
Operating Leases, Income Statement, Lease Revenue | 540 | 764 |
Total financing revenue and other interest income | 2,085 | 2,145 |
Interest Expense, Deposits | 230 | 191 |
Interest Expense, Short-term Borrowings | 10 | 3 |
Interest Expense, Long-term Debt | 143 | 153 |
Interest Expense, Related Party | 4 | 3 |
Interest Expense | 387 | 350 |
Operating Leases, Income Statement, Depreciation Expense on Property Subject to or Held-for-lease | 387 | 506 |
Net Financing Revenue | 1,311 | 1,289 |
Dividends From Non Bank Subsidiary | 0 | 0 |
Insurance Services Revenue | 241 | 230 |
Gain (Loss) on Sales of Loans, Net | 16 | 4 |
Gain (Loss) on Extinguishment of Debt | (1) | (2) |
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments | 27 | 54 |
Noninterest Income, Other Operating Income | 224 | 217 |
Nonoperating Income (Expense) | 507 | 503 |
Revenues | 1,818 | 1,792 |
Provision for Loan Losses Expensed | 164 | 160 |
Labor and Related Expense | 163 | 105 |
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | 88 | 73 |
Other Noninterest Expense | 494 | 542 |
Noninterest Expense | 745 | 720 |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest | 909 | 912 |
Income Tax Expense (Benefit) | 247 | 193 |
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | 662 | 719 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | (1) | (3) |
Undistributed income of bank subsidiaries | 0 | 0 |
Undistributed income of nonbank subsidiaries | 0 | 0 |
Net Income (Loss) Attributable to Parent | 661 | 716 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 19 | 151 |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 680 | 867 |
Affiliated Entity [Member] | ||
Condensed Income Statements, Captions [Line Items] | ||
Interest and Fee Income, Loans and Leases | 0 | 0 |
Interest Income, Deposits with Financial Institutions | 0 | 0 |
Affiliated Entity [Member] | Parent Company [Member] | ||
Condensed Income Statements, Captions [Line Items] | ||
Interest and Fee Income, Loans and Leases | 4 | 3 |
Interest Income, Deposits with Financial Institutions | 0 | 0 |
Affiliated Entity [Member] | Guarantor Subsidiaries [Member] | ||
Condensed Income Statements, Captions [Line Items] | ||
Interest and Fee Income, Loans and Leases | 0 | 0 |
Interest Income, Deposits with Financial Institutions | 0 | 0 |
Affiliated Entity [Member] | Non-Guarantor Subsidiaries [Member] | ||
Condensed Income Statements, Captions [Line Items] | ||
Interest and Fee Income, Loans and Leases | 3 | 2 |
Interest Income, Deposits with Financial Institutions | 1 | 2 |
Consolidation, Eliminations [Member] | ||
Condensed Income Statements, Captions [Line Items] | ||
Interest and Fee Income, Loans and Leases | 0 | 0 |
Interest and Dividend Income, Securities, Operating | (1) | 0 |
Interest Income, Deposits with Financial Institutions | 0 | 0 |
Operating Leases, Income Statement, Lease Revenue | 0 | 0 |
Total financing revenue and other interest income | (9) | (7) |
Interest Expense, Deposits | 0 | 0 |
Interest Expense, Short-term Borrowings | 0 | 0 |
Interest Expense, Long-term Debt | 0 | 0 |
Interest Expense, Related Party | (8) | (7) |
Interest Expense | (8) | (7) |
Operating Leases, Income Statement, Depreciation Expense on Property Subject to or Held-for-lease | 0 | 0 |
Net Financing Revenue | (1) | 0 |
Dividends From Non Bank Subsidiary | (41) | (482) |
Insurance Services Revenue | 0 | 0 |
Gain (Loss) on Sales of Loans, Net | 0 | 0 |
Gain (Loss) on Extinguishment of Debt | 0 | 0 |
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments | 0 | 0 |
Noninterest Income, Other Operating Income | (377) | (496) |
Nonoperating Income (Expense) | (377) | (496) |
Revenues | (419) | (978) |
Provision for Loan Losses Expensed | 0 | 0 |
Labor and Related Expense | 0 | 0 |
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | 0 | 0 |
Other Noninterest Expense | (377) | (497) |
Noninterest Expense | (377) | (497) |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest | (42) | (481) |
Income Tax Expense (Benefit) | 0 | 0 |
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | (42) | (481) |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | 0 |
Undistributed income of bank subsidiaries | (778) | (540) |
Undistributed income of nonbank subsidiaries | (230) | 35 |
Net Income (Loss) Attributable to Parent | (1,050) | (986) |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | (24) | (235) |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | (1,074) | (1,221) |
Consolidation, Eliminations [Member] | Affiliated Entity [Member] | ||
Condensed Income Statements, Captions [Line Items] | ||
Interest and Fee Income, Loans and Leases | (7) | (5) |
Interest Income, Deposits with Financial Institutions | $ (1) | $ (2) |
Parent and Guarantor Condens114
Parent and Guarantor Condensed Consolidating Financial Statements (Schedule of Condensed Consolidating Balance Sheet) (Details) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | Dec. 31, 2015 |
Condensed Balance Sheet Statements, Captions [Line Items] | ||||
Cash and Due from Banks | $ 1,513 | $ 1,547 | ||
Interest-bearing Deposits in Banks and Other Financial Institutions | 2,789 | 4,387 | ||
Cash and Cash Equivalents, at Carrying Value | 4,302 | 5,934 | $ 5,001 | $ 6,380 |
Trading Securities | 0 | |||
Available-for-sale securities | 20,308 | 18,926 | ||
Held-to-maturity securities | 1,104 | 839 | ||
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group | 1 | 0 | ||
Loans and Leases Receivable, Gross | 119,002 | 118,944 | 110,876 | |
Loans to bank subsidiary | 0 | 0 | ||
Loans to nonbank subsidiary | 0 | 0 | ||
Loans and Leases Receivable, Allowance | (1,155) | (1,144) | (1,077) | (1,054) |
Loans and Leases Receivable, Net Amount | 117,847 | 117,800 | ||
Property Subject to or Available for Operating Lease, Net | 10,461 | 11,470 | ||
Receivables from bank subsidiary | 0 | 0 | ||
Receivables from nonbank subsidiary | 0 | 0 | ||
Investment in bank subsidiaries | 0 | 0 | ||
Investment in nonbank subsidiaries | 0 | 0 | ||
Premiums receivable and other insurance assets | 1,944 | 1,905 | ||
Other Assets | 6,134 | 6,854 | ||
Assets | 162,101 | 163,728 | 156,505 | |
Noninterest-bearing deposit liabilities | 102 | 84 | ||
Interest-bearing Deposit Liabilities | 84,384 | 78,938 | ||
Deposits | 84,486 | 79,022 | ||
Short-term Debt | 8,371 | 12,673 | ||
Long-term Debt | 51,061 | 54,128 | ||
Debt Payable To Bank Subsidiaries | 0 | 0 | ||
Debt Payable To Nonbank Subsidiaries | 0 | 0 | ||
Payables to Bank Subsidiaries | 0 | |||
Payables to Nonbank Subsidiaries | 0 | 0 | ||
Interest payable | 382 | 351 | ||
Unearned Premiums | 2,514 | 2,500 | ||
Accounts Payable and Accrued Liabilities | 1,922 | 1,737 | ||
Liabilities | 148,736 | 150,411 | ||
Stockholders' Equity Attributable to Parent | 13,365 | 13,317 | 13,823 | 13,439 |
Liabilities and Equity | 162,101 | 163,728 | ||
Parent Company [Member] | ||||
Condensed Balance Sheet Statements, Captions [Line Items] | ||||
Cash and Due from Banks | 690 | 720 | ||
Interest-bearing Deposits in Banks and Other Financial Institutions | 800 | 100 | ||
Cash and Cash Equivalents, at Carrying Value | 1,490 | 820 | 1,745 | 1,635 |
Trading Securities | 0 | |||
Available-for-sale securities | 6 | 0 | ||
Held-to-maturity securities | 0 | 0 | ||
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group | 0 | |||
Loans and Leases Receivable, Gross | 4,864 | 4,705 | ||
Loans to bank subsidiary | 425 | 1,125 | ||
Loans to nonbank subsidiary | 1,376 | 1,779 | ||
Loans and Leases Receivable, Allowance | (121) | (115) | ||
Loans and Leases Receivable, Net Amount | 6,544 | 7,494 | ||
Property Subject to or Available for Operating Lease, Net | 35 | 42 | ||
Receivables from bank subsidiary | 32 | 299 | ||
Receivables from nonbank subsidiary | 46 | 107 | ||
Investment in bank subsidiaries | 18,405 | 17,727 | ||
Investment in nonbank subsidiaries | 9,680 | 10,318 | ||
Premiums receivable and other insurance assets | 0 | 0 | ||
Other Assets | 4,275 | 4,347 | ||
Assets | 40,513 | 41,154 | ||
Noninterest-bearing deposit liabilities | 0 | 0 | ||
Interest-bearing Deposit Liabilities | 85 | 167 | ||
Deposits | 85 | 167 | ||
Short-term Debt | 4,901 | 3,622 | ||
Long-term Debt | 20,156 | 21,798 | ||
Debt Payable To Bank Subsidiaries | 51 | 330 | ||
Debt Payable To Nonbank Subsidiaries | 1,097 | 1,027 | ||
Payables to Bank Subsidiaries | 127 | |||
Payables to Nonbank Subsidiaries | 180 | 153 | ||
Interest payable | 231 | 253 | ||
Unearned Premiums | 0 | 0 | ||
Accounts Payable and Accrued Liabilities | 320 | 487 | ||
Liabilities | 27,148 | 27,837 | ||
Stockholders' Equity Attributable to Parent | 13,365 | 13,317 | ||
Liabilities and Equity | 40,513 | 41,154 | ||
Guarantor Subsidiaries [Member] | ||||
Condensed Balance Sheet Statements, Captions [Line Items] | ||||
Cash and Due from Banks | 0 | 0 | ||
Interest-bearing Deposits in Banks and Other Financial Institutions | 0 | 0 | ||
Cash and Cash Equivalents, at Carrying Value | 0 | 0 | 0 | 0 |
Trading Securities | 0 | |||
Available-for-sale securities | 0 | 0 | ||
Held-to-maturity securities | 0 | 0 | ||
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group | 0 | |||
Loans and Leases Receivable, Gross | 0 | 0 | ||
Loans to bank subsidiary | 0 | 0 | ||
Loans to nonbank subsidiary | 0 | 0 | ||
Loans and Leases Receivable, Allowance | 0 | 0 | ||
Loans and Leases Receivable, Net Amount | 0 | 0 | ||
Property Subject to or Available for Operating Lease, Net | 0 | 0 | ||
Receivables from bank subsidiary | 0 | 0 | ||
Receivables from nonbank subsidiary | 0 | 0 | ||
Investment in bank subsidiaries | 18,405 | 17,727 | ||
Investment in nonbank subsidiaries | 0 | 0 | ||
Premiums receivable and other insurance assets | 0 | 0 | ||
Other Assets | 0 | 0 | ||
Assets | 18,405 | 17,727 | ||
Noninterest-bearing deposit liabilities | 0 | 0 | ||
Interest-bearing Deposit Liabilities | 0 | 0 | ||
Deposits | 0 | 0 | ||
Short-term Debt | 0 | 0 | ||
Long-term Debt | 0 | 0 | ||
Debt Payable To Bank Subsidiaries | 0 | 0 | ||
Debt Payable To Nonbank Subsidiaries | 0 | 0 | ||
Payables to Bank Subsidiaries | 0 | |||
Payables to Nonbank Subsidiaries | 0 | 0 | ||
Interest payable | 0 | 0 | ||
Unearned Premiums | 0 | 0 | ||
Accounts Payable and Accrued Liabilities | 0 | 0 | ||
Liabilities | 0 | 0 | ||
Stockholders' Equity Attributable to Parent | 18,405 | 17,727 | ||
Liabilities and Equity | 18,405 | 17,727 | ||
Non-Guarantor Subsidiaries [Member] | ||||
Condensed Balance Sheet Statements, Captions [Line Items] | ||||
Cash and Due from Banks | 823 | 827 | ||
Interest-bearing Deposits in Banks and Other Financial Institutions | 1,989 | 4,287 | ||
Cash and Cash Equivalents, at Carrying Value | 3,453 | 5,515 | 3,993 | 5,595 |
Trading Securities | 82 | |||
Available-for-sale securities | 20,308 | 19,253 | ||
Held-to-maturity securities | 1,155 | 839 | ||
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group | 1 | |||
Loans and Leases Receivable, Gross | 114,138 | 114,239 | ||
Loans to bank subsidiary | 0 | 0 | ||
Loans to nonbank subsidiary | 456 | 626 | ||
Loans and Leases Receivable, Allowance | (1,034) | (1,029) | ||
Loans and Leases Receivable, Net Amount | 113,560 | 113,836 | ||
Property Subject to or Available for Operating Lease, Net | 10,426 | 11,428 | ||
Receivables from bank subsidiary | 0 | 0 | ||
Receivables from nonbank subsidiary | 255 | 67 | ||
Investment in bank subsidiaries | 0 | 0 | ||
Investment in nonbank subsidiaries | 0 | 0 | ||
Premiums receivable and other insurance assets | 1,974 | 1,936 | ||
Other Assets | 4,764 | 5,085 | ||
Assets | 155,896 | 158,041 | ||
Noninterest-bearing deposit liabilities | 102 | 84 | ||
Interest-bearing Deposit Liabilities | 84,299 | 78,771 | ||
Deposits | 84,401 | 78,855 | ||
Short-term Debt | 3,470 | 9,051 | ||
Long-term Debt | 30,905 | 32,330 | ||
Debt Payable To Bank Subsidiaries | 0 | 0 | ||
Debt Payable To Nonbank Subsidiaries | 1,807 | 2,903 | ||
Payables to Bank Subsidiaries | 0 | |||
Payables to Nonbank Subsidiaries | 57 | 351 | ||
Interest payable | 151 | 98 | ||
Unearned Premiums | 2,514 | 2,500 | ||
Accounts Payable and Accrued Liabilities | 4,506 | 3,911 | ||
Liabilities | 127,811 | 129,999 | ||
Stockholders' Equity Attributable to Parent | 28,085 | 28,042 | ||
Liabilities and Equity | 155,896 | 158,041 | ||
Affiliated Entity [Member] | ||||
Condensed Balance Sheet Statements, Captions [Line Items] | ||||
Interest-bearing Deposits in Banks and Other Financial Institutions | 0 | 0 | ||
Affiliated Entity [Member] | Parent Company [Member] | ||||
Condensed Balance Sheet Statements, Captions [Line Items] | ||||
Interest-bearing Deposits in Banks and Other Financial Institutions | 0 | 0 | ||
Affiliated Entity [Member] | Guarantor Subsidiaries [Member] | ||||
Condensed Balance Sheet Statements, Captions [Line Items] | ||||
Interest-bearing Deposits in Banks and Other Financial Institutions | 0 | 0 | ||
Affiliated Entity [Member] | Non-Guarantor Subsidiaries [Member] | ||||
Condensed Balance Sheet Statements, Captions [Line Items] | ||||
Interest-bearing Deposits in Banks and Other Financial Institutions | 641 | 401 | ||
Consolidation, Eliminations [Member] | ||||
Condensed Balance Sheet Statements, Captions [Line Items] | ||||
Cash and Due from Banks | 0 | 0 | ||
Interest-bearing Deposits in Banks and Other Financial Institutions | 0 | 0 | ||
Cash and Cash Equivalents, at Carrying Value | (641) | (401) | $ (737) | $ (850) |
Trading Securities | (82) | |||
Available-for-sale securities | (6) | (327) | ||
Held-to-maturity securities | (51) | 0 | ||
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group | 0 | |||
Loans and Leases Receivable, Gross | 0 | 0 | ||
Loans to bank subsidiary | (425) | (1,125) | ||
Loans to nonbank subsidiary | (1,832) | (2,405) | ||
Loans and Leases Receivable, Allowance | 0 | 0 | ||
Loans and Leases Receivable, Net Amount | (2,257) | (3,530) | ||
Property Subject to or Available for Operating Lease, Net | 0 | 0 | ||
Receivables from bank subsidiary | (32) | (299) | ||
Receivables from nonbank subsidiary | (301) | (174) | ||
Investment in bank subsidiaries | (36,810) | (35,454) | ||
Investment in nonbank subsidiaries | (9,680) | (10,318) | ||
Premiums receivable and other insurance assets | (30) | (31) | ||
Other Assets | (2,905) | (2,578) | ||
Assets | (52,713) | (53,194) | ||
Noninterest-bearing deposit liabilities | 0 | 0 | ||
Interest-bearing Deposit Liabilities | 0 | 0 | ||
Deposits | 0 | 0 | ||
Short-term Debt | 0 | 0 | ||
Long-term Debt | 0 | 0 | ||
Debt Payable To Bank Subsidiaries | (51) | (330) | ||
Debt Payable To Nonbank Subsidiaries | (2,904) | (3,930) | ||
Payables to Bank Subsidiaries | (127) | |||
Payables to Nonbank Subsidiaries | (237) | (504) | ||
Interest payable | 0 | 0 | ||
Unearned Premiums | 0 | 0 | ||
Accounts Payable and Accrued Liabilities | (2,904) | (2,661) | ||
Liabilities | (6,223) | (7,425) | ||
Stockholders' Equity Attributable to Parent | (46,490) | (45,769) | ||
Liabilities and Equity | (52,713) | (53,194) | ||
Consolidation, Eliminations [Member] | Affiliated Entity [Member] | ||||
Condensed Balance Sheet Statements, Captions [Line Items] | ||||
Interest-bearing Deposits in Banks and Other Financial Institutions | $ (641) | $ (401) |
Parent and Guarantor Condens115
Parent and Guarantor Condensed Consolidating Financial Statements (Schedule of Condensed Consolidating Statement of Cash Flows) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Condensed Cash Flow Statements, Captions [Line Items] | ||
Net cash provided by (used in) operating activities | $ 1,175 | $ 1,202 |
Payments to Acquire Available-for-sale Securities | (2,833) | (4,870) |
Proceeds from sales of available-for-sale securities | 1,045 | 4,175 |
Proceeds from maturities and repayment of available-for-sale securities | 589 | 409 |
Payments to Acquire Held-to-maturity Securities | (215) | (118) |
Proceeds from Sale and Maturity of Held-to-maturity Securities | 5 | 0 |
Payments to Acquire Loans Held-for-investment | 405 | 1,402 |
Proceeds from Sale of Loans Held-for-sale | 1,164 | 2,594 |
Originations and repayments of loans held-for-investment and other | (1,174) | (684) |
Purchases of operating lease assets | (893) | (701) |
Disposals of operating lease assets | 1,545 | 1,535 |
Capital contributions to subsidiaries | 0 | 0 |
Returns of contributed capital | 0 | 0 |
Increase (Decrease) in Restricted Cash | 355 | 48 |
Increase (Decrease) in Non marketable equity securities | 213 | (315) |
Payments for (Proceeds from) Other Investing Activities | (59) | (20) |
Net cash provided by investing activities | (663) | 651 |
Proceeds from (Repayments of) Short-term Debt | (4,303) | (2,739) |
Increase (Decrease) in Deposits | 5,451 | 3,780 |
Proceeds from issuance of long-term debt | 4,488 | 4,244 |
Repayments of long-term debt | (7,573) | (8,490) |
Net Change in Debt, Intercompany | 0 | 0 |
Payments for Repurchase of Common Stock | (169) | (14) |
Payments of Dividends | (38) | (15) |
Dividends paid and returns of contributed capital, Intercompany | 0 | 0 |
Capital contributions from parent | 0 | 0 |
Net cash (used in) provided by financing activities | (2,144) | (3,234) |
Effect of exchange-rate changes on cash and cash equivalents | 0 | 2 |
Cash and Cash Equivalents, Period Increase (Decrease) | (1,632) | (1,379) |
Cash and Cash Equivalents, at Carrying Value | 5,934 | 6,380 |
Cash and Cash Equivalents, at Carrying Value | 4,302 | 5,001 |
Parent Company [Member] | ||
Condensed Cash Flow Statements, Captions [Line Items] | ||
Net cash provided by (used in) operating activities | (149) | (24) |
Payments to Acquire Available-for-sale Securities | 0 | 0 |
Proceeds from sales of available-for-sale securities | 0 | 0 |
Proceeds from maturities and repayment of available-for-sale securities | 0 | 0 |
Payments to Acquire Held-to-maturity Securities | 0 | 0 |
Proceeds from Sale and Maturity of Held-to-maturity Securities | 0 | |
Payments to Acquire Loans Held-for-investment | 15 | 0 |
Proceeds from Sale of Loans Held-for-sale | 0 | 0 |
Originations and repayments of loans held-for-investment and other | 931 | (292) |
Purchases of operating lease assets | 0 | 0 |
Disposals of operating lease assets | 1 | 2 |
Capital contributions to subsidiaries | (83) | (128) |
Returns of contributed capital | 645 | 223 |
Increase (Decrease) in Restricted Cash | (27) | 0 |
Increase (Decrease) in Non marketable equity securities | 0 | 0 |
Payments for (Proceeds from) Other Investing Activities | (26) | (32) |
Net cash provided by investing activities | 2,573 | 456 |
Proceeds from (Repayments of) Short-term Debt | 1,278 | 187 |
Increase (Decrease) in Deposits | (82) | (10) |
Proceeds from issuance of long-term debt | 330 | 178 |
Repayments of long-term debt | (2,870) | (580) |
Net Change in Debt, Intercompany | (203) | (68) |
Payments for Repurchase of Common Stock | (169) | (14) |
Payments of Dividends | (38) | (15) |
Dividends paid and returns of contributed capital, Intercompany | 0 | 0 |
Capital contributions from parent | 0 | 0 |
Net cash (used in) provided by financing activities | (1,754) | (322) |
Effect of exchange-rate changes on cash and cash equivalents | 0 | 0 |
Cash and Cash Equivalents, Period Increase (Decrease) | 670 | 110 |
Cash and Cash Equivalents, at Carrying Value | 820 | 1,635 |
Cash and Cash Equivalents, at Carrying Value | 1,490 | 1,745 |
Guarantor Subsidiaries [Member] | ||
Condensed Cash Flow Statements, Captions [Line Items] | ||
Net cash provided by (used in) operating activities | 0 | 0 |
Payments to Acquire Available-for-sale Securities | 0 | 0 |
Proceeds from sales of available-for-sale securities | 0 | 0 |
Proceeds from maturities and repayment of available-for-sale securities | 0 | 0 |
Payments to Acquire Held-to-maturity Securities | 0 | 0 |
Proceeds from Sale and Maturity of Held-to-maturity Securities | 0 | |
Payments to Acquire Loans Held-for-investment | 0 | 0 |
Proceeds from Sale of Loans Held-for-sale | 0 | 0 |
Originations and repayments of loans held-for-investment and other | 0 | 0 |
Purchases of operating lease assets | 0 | 0 |
Disposals of operating lease assets | 0 | 0 |
Capital contributions to subsidiaries | 0 | 0 |
Returns of contributed capital | 0 | 0 |
Increase (Decrease) in Restricted Cash | 0 | 0 |
Increase (Decrease) in Non marketable equity securities | 0 | 0 |
Payments for (Proceeds from) Other Investing Activities | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
Proceeds from (Repayments of) Short-term Debt | 0 | 0 |
Increase (Decrease) in Deposits | 0 | 0 |
Proceeds from issuance of long-term debt | 0 | 0 |
Repayments of long-term debt | 0 | 0 |
Net Change in Debt, Intercompany | 0 | 0 |
Payments for Repurchase of Common Stock | 0 | 0 |
Payments of Dividends | 0 | 0 |
Dividends paid and returns of contributed capital, Intercompany | 0 | 0 |
Capital contributions from parent | 0 | 0 |
Net cash (used in) provided by financing activities | 0 | 0 |
Effect of exchange-rate changes on cash and cash equivalents | 0 | 0 |
Cash and Cash Equivalents, Period Increase (Decrease) | 0 | 0 |
Cash and Cash Equivalents, at Carrying Value | 0 | 0 |
Cash and Cash Equivalents, at Carrying Value | 0 | 0 |
Non-Guarantor Subsidiaries [Member] | ||
Condensed Cash Flow Statements, Captions [Line Items] | ||
Net cash provided by (used in) operating activities | 1,284 | 1,708 |
Payments to Acquire Available-for-sale Securities | (2,833) | (4,870) |
Proceeds from sales of available-for-sale securities | 1,045 | 4,175 |
Proceeds from maturities and repayment of available-for-sale securities | 589 | 409 |
Payments to Acquire Held-to-maturity Securities | (215) | (118) |
Proceeds from Sale and Maturity of Held-to-maturity Securities | 5 | |
Payments to Acquire Loans Held-for-investment | 390 | 1,402 |
Proceeds from Sale of Loans Held-for-sale | 1,164 | 2,594 |
Originations and repayments of loans held-for-investment and other | (1,145) | (392) |
Purchases of operating lease assets | (893) | (701) |
Disposals of operating lease assets | 1,544 | 1,533 |
Capital contributions to subsidiaries | 0 | 0 |
Returns of contributed capital | 0 | 0 |
Increase (Decrease) in Restricted Cash | 385 | 48 |
Increase (Decrease) in Non marketable equity securities | 213 | (315) |
Payments for (Proceeds from) Other Investing Activities | 58 | 12 |
Net cash provided by investing activities | (42) | 929 |
Proceeds from (Repayments of) Short-term Debt | (5,581) | (2,926) |
Increase (Decrease) in Deposits | 5,533 | 3,790 |
Proceeds from issuance of long-term debt | 3,196 | 4,066 |
Repayments of long-term debt | (4,703) | (7,910) |
Net Change in Debt, Intercompany | (1,146) | (684) |
Payments for Repurchase of Common Stock | 0 | 0 |
Payments of Dividends | 0 | 0 |
Dividends paid and returns of contributed capital, Intercompany | (686) | (705) |
Capital contributions from parent | 83 | 128 |
Net cash (used in) provided by financing activities | (3,304) | (4,241) |
Effect of exchange-rate changes on cash and cash equivalents | 0 | 2 |
Cash and Cash Equivalents, Period Increase (Decrease) | (2,062) | (1,602) |
Cash and Cash Equivalents, at Carrying Value | 5,515 | 5,595 |
Cash and Cash Equivalents, at Carrying Value | 3,453 | 3,993 |
Affiliated Entity [Member] | ||
Condensed Cash Flow Statements, Captions [Line Items] | ||
Payments for (Proceeds from) Investments | 0 | |
Payments for (Proceeds from) Loans and Leases | 0 | 0 |
Affiliated Entity [Member] | Parent Company [Member] | ||
Condensed Cash Flow Statements, Captions [Line Items] | ||
Payments for (Proceeds from) Investments | (1) | |
Payments for (Proceeds from) Loans and Leases | 1,146 | 683 |
Affiliated Entity [Member] | Guarantor Subsidiaries [Member] | ||
Condensed Cash Flow Statements, Captions [Line Items] | ||
Payments for (Proceeds from) Investments | 0 | |
Payments for (Proceeds from) Loans and Leases | 0 | 0 |
Affiliated Entity [Member] | Non-Guarantor Subsidiaries [Member] | ||
Condensed Cash Flow Statements, Captions [Line Items] | ||
Payments for (Proceeds from) Investments | (261) | |
Payments for (Proceeds from) Loans and Leases | 170 | (44) |
Consolidation, Eliminations [Member] | ||
Condensed Cash Flow Statements, Captions [Line Items] | ||
Net cash provided by (used in) operating activities | 40 | (482) |
Payments to Acquire Available-for-sale Securities | 0 | 0 |
Proceeds from sales of available-for-sale securities | 0 | 0 |
Proceeds from maturities and repayment of available-for-sale securities | 0 | 0 |
Payments to Acquire Held-to-maturity Securities | 0 | 0 |
Proceeds from Sale and Maturity of Held-to-maturity Securities | 0 | |
Payments to Acquire Loans Held-for-investment | 0 | 0 |
Proceeds from Sale of Loans Held-for-sale | 0 | 0 |
Originations and repayments of loans held-for-investment and other | (960) | 0 |
Purchases of operating lease assets | 0 | 0 |
Disposals of operating lease assets | 0 | 0 |
Capital contributions to subsidiaries | 83 | 128 |
Returns of contributed capital | (645) | (223) |
Increase (Decrease) in Restricted Cash | (3) | 0 |
Increase (Decrease) in Non marketable equity securities | 0 | 0 |
Payments for (Proceeds from) Other Investing Activities | (91) | 0 |
Net cash provided by investing activities | (3,194) | (734) |
Proceeds from (Repayments of) Short-term Debt | 0 | 0 |
Increase (Decrease) in Deposits | 0 | 0 |
Proceeds from issuance of long-term debt | 962 | 0 |
Repayments of long-term debt | 0 | 0 |
Net Change in Debt, Intercompany | 1,349 | 752 |
Payments for Repurchase of Common Stock | 0 | 0 |
Payments of Dividends | 0 | 0 |
Dividends paid and returns of contributed capital, Intercompany | 686 | 705 |
Capital contributions from parent | (83) | (128) |
Net cash (used in) provided by financing activities | 2,914 | 1,329 |
Effect of exchange-rate changes on cash and cash equivalents | 0 | 0 |
Cash and Cash Equivalents, Period Increase (Decrease) | (240) | 113 |
Cash and Cash Equivalents, at Carrying Value | (401) | (850) |
Cash and Cash Equivalents, at Carrying Value | (641) | (737) |
Consolidation, Eliminations [Member] | Affiliated Entity [Member] | ||
Condensed Cash Flow Statements, Captions [Line Items] | ||
Payments for (Proceeds from) Investments | 262 | |
Payments for (Proceeds from) Loans and Leases | $ (1,316) | $ (639) |
Contingencies and Other Risks (
Contingencies and Other Risks (Details) $ in Millions | 51 Months Ended |
Mar. 31, 2017USD ($) | |
Loss Contingency [Abstract] | |
Consent Order Fees and Expenses | $ 240 |
Subsequent Events (Details)
Subsequent Events (Details) - $ / shares | Apr. 14, 2017 | Mar. 31, 2017 | Oct. 18, 2016 | Jul. 18, 2016 |
Subsequent Event [Line Items] | ||||
Dividends Payable, Amount Per Share | $ 0.08 | $ 0.08 | $ 0.08 | |
Subsequent Event [Member] | ||||
Subsequent Event [Line Items] | ||||
Dividends Payable, Amount Per Share | $ 0.08 |