XML 30 R20.htm IDEA: XBRL DOCUMENT
v3.25.1

Other Assets | 3 Months Ended
--- | ---
Mar. 31, 2025
Other Assets [Abstract] |
Other Assets | Other Assets The components of other assets were as follows.
($ in millions) |  | March 31, 2025 |  | December 31, 2024
Property and equipment at cost |  | $ | 2,212 |  |  | $ | 2,226 |
Accumulated depreciation |  | (989) |  |  | (973) |
Net property and equipment |  | 1,223 |  |  | 1,253 |
Proportional amortization investments (a) (b) |  | 2,168 |  |  | 2,131 |
Net deferred tax assets |  | 1,946 |  |  | 1,916 |
Other accounts receivable (c) |  | 1,710 |  |  | 312 |
Accrued interest, fees, and rent receivables (d) |  | 889 |  |  | 929 |
Nonmarketable equity investments |  | 786 |  |  | 789 |
Restricted cash and cash equivalents (e) |  | 726 |  |  | 788 |
Equity-method investments (f) |  | 665 |  |  | 632 |
Restricted cash held for securitization trusts (g) |  | 282 |  |  | 300 |
Goodwill |  | 190 |  |  | 551 |
Operating lease right-of-use assets |  | 88 |  |  | 92 |
Net intangible assets |  | — |  |  | 54 |
Other assets |  | 872 |  |  | 913 |
Total other assets (h) |  | $ | 11,545 |  |  | $ | 10,660 |
(a)Proportional amortization investments includes qualifying LIHTC, NMTC, and HTC investments. (b)Presented gross of the associated unfunded commitment. Refer to Note 14 for further information. (c)Includes a receivable related to the balance sheet repositioning of our available-for-sale securities portfolio as of March 31, 2025. Refer to Note 7 for additional 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 represents restricted cash equivalents funded through the issuance of credit-linked notes. Additionally, includes 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, partner, or letter of credit arrangements and corresponding collateral requirements. Refer to Note 18 for further information about the issuance of credit-linked notes. (f)Primarily relates to investments made in connection with our CRA program. (g)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. (h)Excludes operations held-for-sale. Ally Credit Card other assets were transferred to assets of operations held-for-sale as of March 31, 2025. Refer to Note 2 for additional information. The following table summarizes information about our proportional amortization investments.
|  |  | Three months ended March 31, |  |
($ in millions) |  |  |  |  | 2025 |  | 2024 |  |
Tax credits and other tax benefits from proportional amortization investments (a) (b) |  |  |  |  | $ | 56 |  |  | $ | 39 |  |  |
Investment amortization expense recognized as a component of income tax expense (a) |  |  |  |  | 45 |  |  | 32 |  |  |
Net benefit from proportional amortization investments (a) |  |  |  |  | $ | 11 |  |  | $ | 7 |  |  |
(a)Amounts are included within income tax (benefit) expense from continuing operations on our Condensed Consolidated Statement of Comprehensive Income (Loss) 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 the three months ended March 31, 2025, and March 31, 2024, resulting from the forfeiture or ineligibility of tax credits or other circumstances. Our proportional amortization investments were $2.2 billion and $2.1 billion at March 31, 2025, and December 31, 2024, respectively, and are included within other assets on our Condensed Consolidated Balance Sheet. Additionally, unfunded commitments to provide additional capital to proportional amortization investments were $1.0 billion at both March 31, 2025, and December 31, 2024, and are included within accrued expenses and other liabilities on our Condensed Consolidated Balance Sheet. Substantially all of the unfunded commitments at March 31, 2025, are expected to be paid out within the next five years. The total carrying value of the nonmarketable equity investments held at March 31, 2025, and December 31, 2024, including cumulative unrealized gains and losses, was as follows.
($ in millions) | March 31, 2025 |  | December 31, 2024
FRB stock | $ | 413 |  |  | $ | 440 |
FHLB stock | 280 |  |  | 258 |
Equity investments without a readily determinable fair value |  |  |
Cost basis | 76 |  |  | 74 |
Adjustments |  |  |
Upward adjustments | 53 |  |  | 53 |
Downward adjustments (including impairment) | (36) |  |  | (36) |
Carrying amount, equity investments without a readily determinable fair value | 93 |  |  | 91 |
Nonmarketable equity investments | $ | 786 |  |  | $ | 789 |
During the three months ended March 31, 2025, and March 31, 2024, unrealized gains and losses included in the carrying value of the nonmarketable equity investments still held as of March 31, 2025, and March 31, 2024, were as follows.
| Three months ended March 31, |  |
($ in millions) | 2025 |  | 2024 |  |  |  |
Upward adjustments | $ | — |  |  | $ | 1 |  |  |  |  |
Downward adjustments (including impairment) (a) | $ | — |  |  | $ | — |  |  |  |  |
(a)No impairment on FHLB and FRB stock was recognized during the three months ended March 31, 2025, and March 31, 2024. 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, 2023 |  | $ | 20 |  |  | $ | 27 |  |  | $ | 622 |  |  | $ | 669 |
Goodwill impairment |  | — |  |  | — |  |  | (118) |  |  | (118) |
Goodwill at December 31, 2024 |  | $ | 20 |  |  | $ | 27 |  |  | $ | 504 |  |  | $ | 551 |
Goodwill impairment |  | — |  |  | — |  |  | (305) |  |  | (305) |
Transfer to assets of operations held-for-sale |  | — |  |  | — |  |  | (56) |  |  | (56) |
Goodwill at March 31, 2025 |  | $ | 20 |  |  | $ | 27 |  |  | $ | 143 |  |  | $ | 190 |
(a)Includes $143 million of goodwill associated with Ally Invest at both March 31, 2025 and December 31, 2024 and $361 million of goodwill associated with Ally Credit Card at December 31, 2024. During the year ended December 31, 2024, we recognized a $118 million goodwill impairment charge when we began exploring strategic alternatives for Ally Credit Card, which resulted in a triggering event for goodwill impairment. As a result, we performed a quantitative impairment test using a combination of valuation methodologies, including an income approach and a market approach, to determine the fair market value of Ally Credit Card as of the valuation date, November 30, 2024, which resulted in the impairment charge in the fourth quarter of 2024. During the three months ended March 31, 2025, we recognized a $305 million goodwill impairment charge at Corporate and Other related to the transfer of Ally Credit Card to held-for-sale on the Condensed Consolidated Balance Sheet. Subsequent to the impairment charge, the goodwill balance of $56 million was transferred to assets of operations held-for-sale on the Condensed Consolidated Balance Sheet as of March 31, 2025. We closed the sale of Ally Credit Card on April 1, 2025. For additional information, refer to Note 2. The net carrying value of intangible assets by class was as follows.
| March 31, 2025 |  | December 31, 2024
($ in millions) | Gross intangible assets |  | Accumulated amortization |  | Net carrying value |  | Gross intangible assets |  | Accumulated amortization |  | Net carrying value
Technology | $ | 39 |  |  | $ | (39) |  |  | $ | — |  |  | $ | 117 |  |  | $ | (77) |  |  | $ | 40 |
Customer lists | 41 |  |  | (41) |  |  | — |  |  | 41 |  |  | (41) |  |  | — |
Purchased credit card relationships | — |  |  | — |  |  | — |  |  | 25 |  |  | (11) |  |  | 14 |
Trademarks | — |  |  | — |  |  | — |  |  | 2 |  |  | (2) |  |  | — |
Total intangible assets (a) | $ | 80 |  |  | $ | (80) |  |  | $ | — |  |  | $ | 185 |  |  | $ | (131) |  |  | $ | 54 |
(a)Excludes $98 million of gross intangible assets and $47 million of accumulated amortization related to technology and purchased credit card relationships that were transferred to assets of operations held-for-sale related to Ally Credit Card as of March 31, 2025. Refer to Note 2 for additional information.

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 The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
Name: | us-gaap_OtherAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration