Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

The following table presents a disaggregated view of our revenue from contracts with customers included in other revenue that falls within the scope of the revenue recognition principles of ASC Topic 606, Revenue from Contracts with Customers.


Year ended December 31, ($ in millions)	Automotive Finance operations		Insurance operations		Corporate Finance operations		Corporate and Other		Consolidated
2024
Revenue from contracts with customers
Noninsurance contracts (a) (b) (c)	$	—	$	909	$	—	$	—	$	909
Remarketing fee income	112		—		—		—		112
Brokerage commissions and other revenue	—		—		—		88		88
Banking fees and interchange income (d)	—		—		—		47		47
Brokered/agent commissions	—		20		—		—		20
Other	19		3		—		—		22
Total revenue from contracts with customers	131		932		—		135		1,198
All other revenue	232		575		123		39		969
Total other revenue (e)	$	363	$	1,507	$	123	$	174	$	2,167
2023
Revenue from contracts with customers
Noninsurance contracts (a) (b) (c)	$	—	$	686	$	—	$	—	$	686
Remarketing fee income	117		—		—		—		117
Brokerage commissions and other revenue	—		—		—		89		89
Banking fees and interchange income (d)	—		—		—		44		44
Brokered/agent commissions	—		13		—		—		13
Other	18		1		—		—		19
Total revenue from contracts with customers	135		700		—		133		968
All other revenue	186		728		104		27		1,045
Total other revenue (e)	$	321	$	1,428	$	104	$	160	$	2,013
2022
Revenue from contracts with customers
Noninsurance contracts (a) (b) (c)	$	—	$	655	$	—	$	—	$	655
Remarketing fee income	107		—		—		—		107
Brokerage commissions and other revenue	—		—		—		64		64
Banking fees and interchange income (d)	—		—		—		44		44
Brokered/agent commissions	—		14		—		—		14
Other	20		—		—		4		24
Total revenue from contracts with customers	127		669		—		112		908
All other revenue	179		354		122		15		670
Total other revenue (e)	$	306	$	1,023	$	122	$	127	$	1,578

(a)We had opening balances of $3.0 billion at both January 1, 2024 and 2023, and $3.1 billion at January 1, 2022 in unearned revenue associated with outstanding contracts and $973 million, $973 million and $939 million of these balances were recognized as insurance premiums and service revenue earned in our Consolidated Statement of Income during the years ended December 31, 2024, 2023, and 2022, respectively.

(b)At December 31, 2024, we had unearned revenue of $3.0 billion associated with outstanding contracts, and with respect to this balance we expect to recognize revenue of $849 million in 2025, $706 million in 2026, $555 million in 2027, $394 million in 2028, and $452 million thereafter. We had unearned revenue of $3.0 billion associated with outstanding contracts at both December 31, 2023, and 2022.

(c)We had deferred insurance assets of $1.8 billion at December 31, 2024, 2023, and 2022. We recognized $577 million, $580 million, and $564 million of expense during the years ended December 31, 2024, 2023, and 2022, respectively.

(d)Interchange income is reported net of customer rewards. Customer rewards expense was $28 million, $20 million, and $14 million for the years ended December 31, 2024, 2023, and 2022, respectively.

(e)Represents a component of total net revenue. Refer to Note 26 for further information on our reportable operating segments.