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Derivative Instruments And Hedging Activities Derivative Instruments and Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 2013
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. At September 30, 2013 and December 31, 2012, $300 million and $2.3 billion, respectively, of the derivative contracts in a receivable position were classified as other assets on the Condensed Consolidated Balance Sheet. At September 30, 2013 and December 31, 2012, $228 million and $2.5 billion of derivative contracts in a liability position were classified as accrued expenses and other liabilities on the Condensed Consolidated Balance Sheet.
 
 
September 30, 2013
 
December 31, 2012
 
 
Derivative contracts in a
 
Notional
amount
 
Derivative contracts in a
 
Notional
amount
($ in millions)
 
receivable
position (a)
 
payable
position (b)
 
receivable position (a)
 
payable
position (b)
 
Derivatives qualifying for hedge accounting
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate risk
 
 
 
 
 
 
 
 
 
 
 
 
Fair value accounting hedges (c)
 
$
144

 
$
102

 
$
12,864

 
$
411

 
$
—

 
$
7,248

Cash flow accounting hedges
 
—

 
1

 
698

 
—

 
10

 
2,580

Total interest rate risk
 
144

 
103

 
13,562

 
411

 
10

 
9,828

Foreign exchange risk
 
 
 
 
 
 
 
 
 
 
 
 
Net investment accounting hedges
 
—

 
47

 
1,507

 
35

 
53

 
8,693

Total derivatives qualifying for hedge accounting
 
144

 
150

 
15,069

 
446

 
63

 
18,521

Derivatives intended as economic hedges
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate risk
 
 
 
 
 
 
 
 
 
 
 
 
MSRs
 
—

 
—

 
—

 
1,616

 
2,299

 
146,405

Mortgage loan commitments and mortgage loans held-for-sale
 
—

 
—

 
—

 
49

 
23

 
9,617

Debt
 
36

 
32

 
10,713

 
28

 
29

 
17,716

Net fixed versus variable interest rate exposure and equity investments (d)
 
63

 
45

 
44,106

 
154

 
27

 
41,514

Total interest rate risk
 
99

 
77

 
54,819

 
1,847

 
2,378

 
215,252

Foreign exchange risk
 
57

 
1

 
1,510

 
5

 
27

 
2,464

Total economic hedges
 
156

 
78

 
56,329

 
1,852

 
2,405

 
217,716

Total derivatives
 
$
300

 
$
228

 
$
71,398

 
$
2,298

 
$
2,468

 
$
236,237

(a)
Includes accrued interest of $74 million and $175 million at September 30, 2013 and December 31, 2012, respectively.
(b)
Includes accrued interest of $4 million and $144 million at September 30, 2013 and December 31, 2012, respectively.
(c)
Includes receive-fixed swaps on fixed-rate debt obligations with $144 million and $411 million in a receivable position, $98 million and $0 in a payable position, and of a $9 billion and $7.2 billion notional amount at September 30, 2013 and December 31, 2012, respectively. Also includes pay-fixed swaps on portfolios of held-for-investment automotive loan assets with $0 in a receivable position, $4 million in a payable position, and of a $3.9 billion notional amount at September 30, 2013. There were no outstanding positions at December 31, 2012.
(d)
Primarily consists of exchange-traded Eurodollar futures with $17 million and $32 million in a receivable position, $3 million and $5 million in a payable position, and of a $34.1 billion and $24.2 billion notional amount at September 30, 2013 and December 31, 2012, respectively. Also includes equity options with $4 million and $1 million in a receivable position, $5 million and $8 million in a payable position, and of a $567 million and $554 million notional amount at September 30, 2013 and December 31, 2012, 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 September 30,
 
Nine months ended September 30,
($ in millions)
 
2013
 
2012
 
2013
 
2012
Derivatives qualifying for hedge accounting
 
 
 
 
 
 
 
 
Gain (loss) recognized in earnings on derivatives
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
Interest and fees on finance receivables and loans (a)
 
$
3

 
$
—

 
$
3

 
$
—

Interest on long-term debt (b)
 
11

 
17

 
(302
)
 
216

(Loss) gain recognized in earnings on hedged items (c)
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
Interest and fees on finance receivables and loans
 
(3
)
 
—

 
(3
)
 
—

Interest on long-term debt
 
(15
)
 
(33
)
 
311

 
(241
)
Total derivatives qualifying for hedge accounting
 
(4
)
 
(16
)
 
9

 
(25
)
Economic derivatives
 
 
 
 
 
 
 
 
Gain (loss) recognized in earnings on derivatives
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
Servicing asset valuation and hedge activities, net
 
—

 
387

 
(112
)
 
612

Gain (loss) on mortgage and automotive loans, net
 
—

 
28

 
(37
)
 
52

Other income, net of losses
 
20

 
(4
)
 
26

 
(31
)
Total interest rate contracts
 
20

 
411

 
(123
)
 
633

Foreign exchange contracts (d)
 
 
 
 
 
 
 
 
Interest on long-term debt
 
52

 
(38
)
 
71

 
(39
)
Other income, net of losses
 
(4
)
 
(52
)
 
25

 
(27
)
Total foreign exchange contracts
 
48

 
(90
)
 
96

 
(66
)
Gain (loss) recognized in earnings on derivatives
 
$
64

 
$
305

 
$
(18
)
 
$
542

(a)
Amounts exclude losses related to interest for qualifying accounting hedges of portfolios of retail automotive loans held-for-investment of $1 million for both the three months and nine months ended September 30, 2013. These losses are primarily offset by the fixed coupon receipts on the retail automotive loans held-for-investment.
(b)
Amounts exclude gains related to interest for qualifying accounting hedges of debt, which are primarily offset by the fixed coupon payment on the long-term debt. The gains were $33 million and $29 million for the three months ended September 30, 2013 and 2012, respectively, and $94 million and $85 million for the nine months ended September 30, 2013 and 2012, respectively.
(c)
Amounts exclude gains related to amortization of deferred basis adjustments on the de-designated hedged item of $112 million and $57 million for the three months ended September 30, 2013 and 2012, respectively, and $188 million and $176 million for the nine months ended September 30, 2013 and 2012, respectively.
(d)
Amounts exclude gains and losses related to the revaluation of the related foreign-denominated debt or receivable. Losses of $47 million and gains of $92 million were recognized for the three months ended September 30, 2013 and 2012, respectively. Losses of $94 million and gains of $67 million were recognized for the nine months ended September 30, 2013 and 2012, respectively.
Derivative Instruments Used in Cash Flow and Net Investment Hedge Accounting Relationships [Table Text Block]
The following table summarizes derivative instruments used in cash flow and net investment hedge accounting relationships.
 
 
Three months ended September 30,
 
Nine months ended September 30,
($ in millions)
 
2013
 
2012
 
2013
 
2012
Cash flow hedges
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
Gain (loss) reclassified from accumulated other comprehensive income to interest on long-term debt (a)
 
$
—

 
$
1

 
$
(7
)
 
$
1

Loss recorded directly to interest on long-term debt
 
—

 
(1
)
 
1

 
(6
)
Total interest on long-term debt
 
$
—

 
$
—

 
$
(6
)
 
$
(5
)
(Loss) gain recognized in other comprehensive income
 
$
(4
)
 
$
(6
)
 
$
6

 
$
(8
)
Net investment hedges
 
 
 
 
 
 
 
 
Foreign exchange contracts
 
 
 
 
 
 
 
 
Loss reclassified from accumulated other comprehensive income (loss) to income (loss) from discontinued operations, net
 
$
—

 
$
—

 
$
(261
)
 
$
(1
)
Total other income, net of losses
 
$
—

 
$
—

 
$
(261
)
 
$
(1
)
(Loss) gain recognized in other comprehensive income (b)
 
$
(14
)
 
$
(327
)
 
$
313

 
$
(281
)
(a)
The amount represents losses reclassified from other comprehensive income (OCI) into earnings as a result of the discontinuance of hedge accounting because it is probable that the forecasted transaction will not occur.
(b)
The amounts represent the effective portion of net investment hedges. There are offsetting amounts recognized in accumulated other comprehensive income related to the revaluation of the related net investment in foreign operations. There were gains of $9 million and $317 million for the three months ended September 30, 2013 and 2012, respectively. There were losses of $530 million and gains of $269 million for the nine months ended September 30, 2013 and 2012, respectively.