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Derivative Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2014
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 June 30, 2014 and December 31, 2013, $235 million and $362 million, respectively, of the derivative contracts in a receivable position were classified as other assets on the Condensed Consolidated Balance Sheet. At June 30, 2014 and December 31, 2013, $205 million and $317 million of derivative contracts in a liability position were classified as accrued expenses and other liabilities on the Condensed Consolidated Balance Sheet.
 
 
June 30, 2014
 
December 31, 2013
 
 
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 contracts
 
 
 
 
 
 
 
 
 
 
 
 
Swaps (c)
 
$
109

 
$
48

 
$
19,600

 
$
204

 
$
169

 
$
21,606

Foreign exchange contracts
 
 
 
 
 
 
 
 
 
 
 
 
Forwards
 
7

 
12

 
1,305

 
3

 
—

 
326

Total derivatives qualifying for hedge accounting
 
116

 
60

 
20,905

 
207

 
169

 
21,932

Economic hedges
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
 
 
Swaps
 
37

 
50

 
13,497

 
36

 
44

 
13,613

Futures and forwards
 
8

 
1

 
16,022

 
11

 
3

 
29,836

Written options
 
—

 
70

 
27,657

 
—

 
94

 
11,132

Purchased options
 
72

 
—

 
29,220

 
95

 
—

 
22,962

Total interest rate risk
 
117

 
121

 
86,396

 
142

 
141

 
77,543

Foreign exchange contracts
 
 
 
 
 
 
 
 
 
 
 
 
Swaps
 
—

 
18

 
1,369

 
12

 
1

 
1,379

Futures and forwards
 
1

 
1

 
316

 
1

 
1

 
330

Written options
 
—

 
—

 
—

 
—

 
—

 
17

Purchased options
 
—

 
—

 
—

 
—

 
—

 
17

Total foreign exchange risk
 
1

 
19

 
1,685

 
13

 
2

 
1,743

Equity contracts
 
 
 
 
 
 
 
 
 
 
 
 
Written options
 
—

 
5

 
4

 
—

 
5

 
3

Purchased options
 
1

 
—

 
—

 
—

 
—

 
—

Total equity risk
 
1

 
5

 
4

 
—

 
5

 
3

Total economic hedges
 
119

 
145

 
88,085

 
155

 
148

 
79,289

Total derivatives
 
$
235

 
$
205

 
$
108,990

 
$
362

 
$
317

 
$
101,221

(a)
Includes accrued interest of $58 million and $120 million at June 30, 2014 and December 31, 2013, respectively.
(b)
Includes accrued interest of $12 million and $12 million at June 30, 2014 and December 31, 2013, respectively.
(c)
Includes fair value hedges consisting of receive-fixed swaps on fixed-rate debt obligations with $105 million and $196 million in a receivable position, $41 million and $163 million in a payable position, and of a $6.3 billion and $8.5 billion notional amount at June 30, 2014 and December 31, 2013, respectively. Other fair value hedges include pay-fixed swaps on portfolios of held-for-investment automotive loan assets with $4 million and $9 million in a receivable position, $7 million and $5 million in a payable position, and of a $13.3 billion and $12.6 billion notional amount at June 30, 2014 and December 31, 2013, respectively. Also includes cash flow hedges consisting of pay-fixed swaps on floating rate debt obligations with $1 million in a payable position, and of a $495 million notional amount at December 31, 2013.
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 June 30,
 
Six months ended June 30,
($ in millions)
 
2014
 
2013
 
2014
 
2013
Derivatives qualifying for hedge accounting
 
 
 
 
 
 
 
 
(Loss) gain recognized in earnings on derivatives
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
Interest and fees on finance receivables and loans (a)
 
$
(8
)
 
$
—

 
$
(6
)
 
$
—

Interest on long-term debt (b)
 
107

 
(215
)
 
141

 
(313
)
Gain (loss) recognized in earnings on hedged items (c)
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
Interest and fees on finance receivables and loans
 
18

 
—

 
29

 
—

Interest on long-term debt
 
(107
)
 
225

 
(139
)
 
326

Total derivatives qualifying for hedge accounting
 
10

 
10

 
25

 
13

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

 
—

 
—

 
(112
)
Loss on mortgage and automotive loans, net
 
—

 
(5
)
 
—

 
(37
)
Other income, net of losses
 
(11
)
 
7

 
(19
)
 
6

Total interest rate contracts
 
(11
)
 
2

 
(19
)
 
(143
)
Foreign exchange contracts (d)
 
 
 
 
 
 
 
 
Interest on long-term debt
 
(4
)
 
(20
)
 
(9
)
 
19

Other income, net of losses
 
—

 
1

 
—

 
29

Total foreign exchange contracts
 
(4
)
 
(19
)
 
(9
)
 
48

Loss recognized in earnings on derivatives
 
$
(5
)
 
$
(7
)
 
$
(3
)
 
$
(82
)
(a)
Amounts exclude losses related to interest for qualifying accounting hedges of portfolios of retail automotive loans held-for-investment of $14 million and $27 million for the three months and six months ended June 30, 2014. 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 $27 million and $28 million for the three months ended June 30, 2014 and 2013, respectively, and $62 million and $61 million for the six months ended June 30, 2014 and 2013, respectively.
(c)
Amounts exclude gains related to amortization of deferred basis adjustments on the de-designated hedged item of $37 million and $38 million for the three months ended June 30, 2014 and 2013, respectively, and $82 million and $76 million for the six months ended June 30, 2014 and 2013, respectively.
(d)
Amounts exclude gains and losses related to the revaluation of the related foreign-denominated debt or receivable. Gains of $6 million and $18 million were recognized for the three months ended June 30, 2014 and 2013, respectively. Gains of $10 million and losses of $47 million were recognized for the six months ended June 30, 2014 and 2013, 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 June 30,
 
Six months ended June 30,
($ in millions)
 
2014
 
2013
 
2014
 
2013
Cash flow hedges
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
Loss reclassified from accumulated other comprehensive income to interest on long-term debt (a)
 
$
—

 
$
—

 
$
—

 
$
(7
)
Gain recorded directly to interest on long-term debt
 
—

 
1

 
—

 
1

Total interest on long-term debt
 
$
—

 
$
1

 
$
—

 
$
(6
)
Gain recognized in other comprehensive income
 
$
—

 
$
3

 
$
—

 
$
10

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

 
$
(112
)
 
$
—

 
$
(261
)
Total loss from discontinued operations, net
 
$
—

 
$
(112
)
 
$
—

 
$
(261
)
(Loss) gain recognized in other comprehensive income (b)
 
$
(9
)
 
$
158

 
$
2

 
$
327

(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 losses of $8 million and $20 million for the three months ended June 30, 2014 and 2013, respectively. There were losses of $27 million and $539 million for the six months ended June 30, 2014 and 2013, respectively.