XML 57 R46.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Other Assets (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Other Assets [Abstract] |
Schedule of Other Assets | The components of other assets were as follows.
($ in millions) |  | March 31, 2024 |  | December 31, 2023
Property and equipment at cost (a) |  | $ | 2,160 |  |  | $ | 2,153 |
Accumulated depreciation (a) |  | (890) |  |  | (871) |
Net property and equipment |  | 1,270 |  |  | 1,282 |
Proportional amortization investments (b) (c) |  | 1,877 |  |  | 1,866 |
Net deferred tax assets |  | 1,323 |  |  | 1,224 |
Accrued interest, fees, and rent receivables (d) |  | 941 |  |  | 935 |
Nonmarketable equity investments |  | 747 |  |  | 886 |
Goodwill |  | 669 |  |  | 669 |
Equity-method investments (b) (e) |  | 638 |  |  | 651 |
Restricted cash held for securitization trusts (f) |  | 397 |  |  | 407 |
Other accounts receivable |  | 193 |  |  | 189 |
Operating lease right-of-use assets |  | 98 |  |  | 90 |
Restricted cash and cash equivalents (g) |  | 90 |  |  | 87 |
Net intangible assets |  | 67 |  |  | 73 |
Other assets |  | 1,038 |  |  | 1,036 |
Total other assets (h) |  | $ | 9,348 |  |  | $ | 9,395 |
(a)During the year ended December 31, 2023, we retired software with a cost basis of $295 million with an accumulated depreciation of $295 million. (b)Proportional amortization investments includes qualifying LIHTC, NMTC, and HTC investments as of March 31, 2024. Prior to the adoption of ASU 2023-02 on January 1, 2024, NMTC and HTC investments were included in equity-method investments. Refer to Note 1 to the Condensed Consolidated Financial Statements for additional information. (c)Presented gross of the associated unfunded commitment. Refer to Note 14 for further information. (d)Primarily relates to accrued interest, fees, and rent receivables related to our consumer automotive and commercial automotive finance receivables and loans. (e)Primarily relates to investments made in connection with our CRA program. (f)Includes restricted cash collected from customer payments on securitized receivables, which are distributed by us to investors as payments on the related secured debt, and cash reserve deposits utilized as a form of credit enhancement for various securitization transactions. (g)Primarily represents a number of arrangements with third parties where certain restrictions are placed on balances we hold due to collateral agreements associated with operational processes with a third-party bank, or letter of credit arrangements and corresponding collateral requirements. (h)Excludes Ally Lending other assets which were transferred to assets of operations held-for-sale as of December 31, 2023. We closed the sale of Ally Lending on March 1, 2024. Refer to Note 2 for additional information.
Schedule of Activity in Proportional Amortization Investment | The following table summarizes information about our proportional amortization investments.
| Three months ended March 31, |  |
($ in millions) | 2024 |  | 2023 |  |
Tax credits and other tax benefits from proportional amortization investments (a) (b) | $ | 39 |  |  | $ | 47 |  |  |
Investment amortization expense recognized as a component of income tax expense (a) | 32 |  |  | 38 |  |  |
Net benefit from proportional amortization investments (a) | $ | 7 |  |  | $ | 9 |  |  |
(a)Amounts are included within income tax expense from continued operations on our Condensed Consolidated Statement of Comprehensive (Loss) Income and as a component of operating activities within deferred income taxes, other assets, and other liabilities on our Condensed Consolidated Statement of Cash Flows. (b)There were no impairment losses recognized during both the three months ended March 31, 2024, and 2023, resulting from the forfeiture or ineligibility of tax credits or other circumstances.
Schedule of Equity Securities without Readily Determinable Fair Value | The total carrying value of the nonmarketable equity investments held at March 31, 2024, and December 31, 2023, including cumulative unrealized gains and losses, was as follows.
($ in millions) | March 31, 2024 |  | December 31, 2023
FRB stock | $ | 411 |  |  | $ | 392 |
FHLB stock | 230 |  |  | 392 |
Equity investments without a readily determinable fair value |  |  |
Cost basis at acquisition | 76 |  |  | 74 |
Adjustments |  |  |
Upward adjustments | 53 |  |  | 51 |
Downward adjustments (including impairment) | (23) |  |  | (23) |
Carrying amount, equity investments without a readily determinable fair value | 106 |  |  | 102 |
Nonmarketable equity investments | $ | 747 |  |  | $ | 886 |
During the three months ended March 31, 2024, and 2023, unrealized gains and losses included in the carrying value of the nonmarketable equity investments still held as of March 31, 2024, and 2023, were as follows.
|  |  | Three months ended March 31,
($ in millions) |  |  |  |  | 2024 |  | 2023
Upward adjustments |  |  |  |  | $ | 1 |  |  | $ | 5 |
Downward adjustments (including impairment) (a) |  |  |  |  | $ | — |  |  | $ | (17) |
(a)No impairment on FHLB and FRB stock was recognized during the three months ended March 31, 2024, and 2023.
Schedule of Goodwill | The carrying balance of goodwill by reportable operating segment was as follows.
($ in millions) |  | Automotive Finance operations |  | Insurance operations |  | Corporate and Other (a) |  | Total
Goodwill at December 31, 2022 |  | $ | 20 |  |  | $ | 27 |  |  | $ | 775 |  |  | $ | 822 |
Goodwill impairment |  | — |  |  | — |  |  | (149) |  |  | (149) |
Transfer to assets of operations held-for-sale |  | — |  |  | — |  |  | (4) |  |  | (4) |
Goodwill at December 31, 2023 |  | $ | 20 |  |  | $ | 27 |  |  | $ | 622 |  |  | $ | 669 |
Goodwill acquired |  | — |  |  | — |  |  | — |  |  | — |
Goodwill at March 31, 2024 |  | $ | 20 |  |  | $ | 27 |  |  | $ | 622 |  |  | $ | 669 |
(a)Includes $479 million of goodwill associated with Ally Credit Card at both March 31, 2024, and December 31, 2023, and $143 million of goodwill associated with Ally Invest at both March 31, 2024, and December 31, 2023.
Schedule of Finite-Lived Intangible Assets | The net carrying value of intangible assets by class was as follows.
| March 31, 2024 |  | December 31, 2023
($ in millions) | Gross intangible assets |  | Accumulated amortization |  | Net carrying value |  | Gross intangible assets |  | Accumulated amortization |  | Net carrying value
Technology | $ | 117 |  |  | $ | (68) |  |  | $ | 49 |  |  | $ | 117 |  |  | $ | (64) |  |  | $ | 53 |
Customer lists | 41 |  |  | (40) |  |  | 1 |  |  | 41 |  |  | (39) |  |  | 2 |
Purchased credit card relationships | 25 |  |  | (8) |  |  | 17 |  |  | 25 |  |  | (7) |  |  | 18 |
Trademarks | 2 |  |  | (2) |  |  | — |  |  | 2 |  |  | (2) |  |  | — |
Total intangible assets (a) | $ | 185 |  |  | $ | (118) |  |  | $ | 67 |  |  | $ | 185 |  |  | $ | (112) |  |  | $ | 73 |
(a)Excludes $22 million of gross intangible assets and $22 million of accumulated amortization that were transferred to assets of operations held-for-sale related to Ally Lending as of December 31, 2023. The sale was closed on March 1, 2024. Refer to Note 2 for additional information.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | Estimated future amortization expense of intangible assets are as follows.
($ in millions) |  |
2024 |  | $ | 13 |
2025 |  | 14
2026 |  | 14
2027 |  | 13
2028 |  | 13
Total estimated future amortization expense |  | $ | 67 |

X
- Definition Investment Program, Proportional Amortization Method + References No definition available. + Details
Name: | ally_InvestmentProgramProportionalAmortizationMethodTableTextBlock
Namespace Prefix: | ally_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment in equity security without readily determinable fair value. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 321 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479536/321-10-50-3 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 321 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479536/321-10-50-3 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 321 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479536/321-10-50-3 + Details
Name: | us-gaap_EquitySecuritiesWithoutReadilyDeterminableFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OtherAssetsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482548/350-20-55-24 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-2 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration