Parent And Guarantor Consolidating Financial Statements (Tables)

6 Months Ended

Jun. 30, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Income Statement [Table Text Block]

Condensed Consolidating Statements of Comprehensive Income

Three months ended June 30, 2014 ($ in millions)	Parent			Guarantors			Nonguarantors		Consolidating adjustments			Ally consolidated
Financing revenue and other interest income
Interest and fees on finance receivables and loans	$	(9	)	$	—		$	1,133	$	—		$	1,124
Interest and fees on finance receivables and loans — intercompany	5			—			22		(27		)	—
Interest on loans held-for-sale	—			—			1		—			1
Interest and dividends on available-for-sale investment securities	—			—			93		—			93
Interest-bearing cash	1			—			—		—			1
Interest-bearing cash — intercompany	—			—			2		(2		)	—
Operating leases	177			—			707		—			884
Total financing revenue and other interest income	174			—			1,958		(29		)	2,103
Interest expense
Interest on deposits	4			—			162		—			166
Interest on short-term borrowings	11			—			2		—			13
Interest on long-term debt	405			—			144		—			549
Interest on intercompany debt	24			—			5		(29		)	—
Total interest expense	444			—			313		(29		)	728
Depreciation expense on operating lease assets	103			—			406		—			509
Net financing (loss) revenue	(373		)	—			1,239		—			866
Dividends from subsidiaries
Bank subsidiary	1,500			1,500			—		(3,000		)	—
Nonbank subsidiaries	200			—			—		(200		)	—
Other revenue
Servicing fees	7			—			—		—			7
Servicing asset valuation and hedge activities, net	—			—			—		—			—
Total servicing income, net	7			—			—		—			7
Insurance premiums and service revenue earned	—			—			249		—			249
Gain on mortgage and automotive loans, net	—			—			6		—			6
Loss on extinguishment of debt	(7		)	—			—		—			(7		)
Other gain on investments, net	—			—			41		—			41
Other income, net of losses	199			—			298		(428		)	69
Total other revenue	199			—			594		(428		)	365
Total net revenue	1,526			1,500			1,833		(3,628		)	1,231
Provision for loan losses	29			—			34		—			63
Noninterest expense
Compensation and benefits expense	134			—			179		(98		)	215
Insurance losses and loss adjustment expenses	—			—			188		—			188
Other operating expenses	220			—			528		(330		)	418
Total noninterest expense	354			—			895		(428		)	821
Income from continuing operations before income tax (benefit) expense and undistributed (loss) income of subsidiaries	1,143			1,500			904		(3,200		)	347
Income tax (benefit) expense from continuing operations	(127		)	—			191		—			64
Net income from continuing operations	1,270			1,500			713		(3,200		)	283
Income from discontinued operations, net of tax	16			—			24		—			40
Undistributed (loss) income of subsidiaries
Bank subsidiary	(1,191		)	(1,191		)	—		2,382			—
Nonbank subsidiaries	228			(1		)	—		(227		)	—
Net income	323			308			737		(1,045		)	323
Other comprehensive income, net of tax	89			50			88		(138		)	89
Comprehensive income	$	412		$	358		$	825	$	(1,183	)	$	412

Three months ended June 30, 2013 ($ in millions)	Parent			Guarantors			Nonguarantors			Consolidating adjustments			Ally consolidated
Financing revenue and other interest income
Interest and fees on finance receivables and loans	$	272		$	—		$	867		$	—		$	1,139
Interest and fees on finance receivables and loans — intercompany	13			—			20			(33		)	—
Interest on loans held-for-sale	—			—			3			—			3
Interest and dividends on available-for-sale investment securities	—			—			76			—			76
Interest-bearing cash	1			—			1			—			2
Interest-bearing cash - intercompany	—			—			2			(2		)	—
Operating leases	118			—			670			—			788
Total financing revenue and other interest income	404			—			1,639			(35		)	2,008
Interest expense
Interest on deposits	6			—			156			—			162
Interest on short-term borrowings	12			—			4			—			16
Interest on long-term debt	564			—			139			—			703
Interest on intercompany debt	21			—			14			(35		)	—
Total interest expense	603			—			313			(35		)	881
Depreciation expense on operating lease assets	102			—			397			—			499
Net financing (loss) revenue	(301		)	—			929			—			628
Dividends from subsidiaries
Nonbank subsidiaries	1,864			405			—			(2,269		)	—
Other revenue
Servicing fees	38			—			(19		)	—			19
Servicing asset valuation and hedge activities, net	—			—			(12		)	—			(12		)
Total servicing income (loss), net	38			—			(31		)	—			7
Insurance premiums and service revenue earned	—			—			258			—			258
Loss on mortgage and automotive loans, net	—			—			(1		)	—			(1		)
Other gain on investments, net	—			—			64			—			64
Other income, net of losses	26			—			341			(293		)	74
Total other revenue	64			—			631			(293		)	402
Total net revenue	1,627			405			1,560			(2,562		)	1,030
Provision for loan losses	105			—			(16		)	—			89
Noninterest expense
Compensation and benefits expense	160			—			194			(102		)	252
Insurance losses and loss adjustment expenses	—			—			146			—			146
Other operating expenses	97			—			498			(192		)	403
Total noninterest expense	257			—			838			(294		)	801
Income from continuing operations before income tax (benefit) expense and undistributed income (loss) of subsidiaries	1,265			405			738			(2,268		)	140
Income tax (benefit) expense from continuing operations	(230		)	—			270			—			40
Net income from continuing operations	1,495			405			468			(2,268		)	100
(Loss) income from discontinued operations, net of tax	(1,242		)	(47		)	262			—			(1,027		)
Undistributed income (loss) of subsidiaries
Bank subsidiary	207			207			—			(414		)	—
Nonbank subsidiaries	(1,387		)	(348		)	—			1,735			—
Net (loss) income	(927		)	217			730			(947		)	(927		)
Other comprehensive loss, net of tax	(181		)	(141		)	(253		)	394			(181		)
Comprehensive (loss) income	$	(1,108	)	$	76		$	477		$	(553	)	$	(1,108	)

Six months ended June 30, 2014 ($ in millions)	Parent			Guarantors			Nonguarantors		Consolidating adjustments			Ally consolidated
Financing revenue and other interest income
Interest and fees on finance receivables and loans	$	(18	)	$	—		$	2,249	$	—		$	2,231
Interest and fees on finance receivables and loans — intercompany	16			—			43		(59		)	—
Interest on loans held-for-sale	—			—			1		—			1
Interest and dividends on available-for-sale investment securities	—			—			188		—			188
Interest-bearing cash	1			—			3		—			4
Interest-bearing — intercompany	—			—			3		(3		)	—
Operating leases	268			—			1,486		—			1,754
Total financing revenue and other interest income	267			—			3,973		(62		)	4,178
Interest expense
Interest on deposits	8			—			321		—			329
Interest on short-term borrowings	22			—			6		—			28
Interest on long-term debt	793			—			290		—			1,083
Interest on intercompany debt	46			—			16		(62		)	—
Total interest expense	869			—			633		(62		)	1,440
Depreciation expense on operating lease assets	168			—			883		—			1,051
Net financing (loss) revenue	(770		)	—			2,457		—			1,687
Dividends from subsidiaries
Bank subsidiary	1,500			1,500			—		(3,000		)	—
Nonbank subsidiaries	321			—			—		(321		)	—
Other revenue
Servicing fees	16			—			—		—			16
Servicing asset valuation and hedge activities, net	—			—			—		—			—
Total servicing income, net	16			—			—		—			16
Insurance premiums and service revenue earned	—			—			490		—			490
Gain on mortgage and automotive loans, net	—			—			6		—			6
Loss on extinguishment of debt	(46		)	—			—		—			(46		)
Other gain on investments, net	—			—			84		—			84
Other income, net of losses	385			—			634		(883		)	136
Total other revenue	355			—			1,214		(883		)	686
Total net revenue	1,406			1,500			3,671		(4,204		)	2,373
Provision for loan losses	77			—			123		—			200
Noninterest expense
Compensation and benefits expense	288			—			405		(224		)	469
Insurance losses and loss adjustment expenses	—			—			256		—			256
Other operating expenses	396			—			1,072		(659		)	809
Total noninterest expense	684			—			1,733		(883		)	1,534
Income from continuing operations before income tax (benefit) expense and undistributed (loss) income of subsidiaries	645			1,500			1,815		(3,321		)	639
Income tax (benefit) expense from continuing operations	(241		)	—			399		—			158
Net income from continuing operations	886			1,500			1,416		(3,321		)	481
Income from discontinued operations, net of tax	45			—			24		—			69
Undistributed (loss) income of subsidiaries
Bank subsidiary	(952		)	(952		)	—		1,904			—
Nonbank subsidiaries	571			—			—		(571		)	—
Net income	550			548			1,440		(1,988		)	550
Other comprehensive income, net of tax	181			119			174		(293		)	181
Comprehensive income	$	731		$	667		$	1,614	$	(2,281	)	$	731

Six months ended June 30, 2013 ($ in millions)	Parent			Guarantors			Nonguarantors			Consolidating adjustments			Ally consolidated
Financing revenue and other interest income
Interest and fees on finance receivables and loans	$	431		$	—		$	1,843		$	—		$	2,274
Interest and fees on finance receivables and loans — intercompany	37			—			25			(62		)	—
Interest on loans held-for-sale	—			—			19			—			19
Interest and dividends on available-for-sale investment securities	—			—			144			—			144
Interest-bearing cash	2			—			3			—			5
Interest-bearing cash - intercompany	—			—			4			(4		)	—
Operating leases	214			—			1,308			—			1,522
Total financing revenue and other interest income	684			—			3,346			(66		)	3,964
Interest expense
Interest on deposits	15			—			311			—			326
Interest on short-term borrowings	24			—			8			—			32
Interest on long-term debt	1,124			—			285			(5		)	1,404
Interest on intercompany debt	20			—			40			(60		)	—
Total interest expense	1,183			—			644			(65		)	1,762
Depreciation expense on operating lease assets	164			—			770			—			934
Net financing (loss) revenue	(663		)	—			1,932			(1		)	1,268
Dividends from subsidiaries
Nonbank subsidiaries	5,163			3,659			—			(8,822		)	—
Other revenue
Servicing fees	82			—			19			—			101
Servicing asset valuation and hedge activities, net	—			—			(213		)	—			(213		)
Total servicing income (loss), net	82			—			(194		)	—			(112		)
Insurance premiums and service revenue earned	—			—			517			—			517
Gain on mortgage and automotive loans, net	—			—			37			—			37
Other gain on investments, net	—			—			115			—			115
Other income, net of losses	77			—			766			(612		)	231
Total other revenue	159			—			1,241			(612		)	788
Total net revenue	4,659			3,659			3,173			(9,435		)	2,056
Provision for loan losses	229			—			(9		)	—			220
Noninterest expense
Compensation and benefits expense	352			—			417			(232		)	537
Insurance losses and loss adjustment expenses	—			—			261			—			261
Other operating expenses	155			—			1,186			(380		)	961
Total noninterest expense	507			—			1,864			(612		)	1,759
Income from continuing operations before income tax (benefit) expense and undistributed income (loss) of subsidiaries	3,923			3,659			1,318			(8,823		)	77
Income tax (benefit) expense from continuing operations	(559		)	—			476			—			(83		)
Net income from continuing operations	4,482			3,659			842			(8,823		)	160
(Loss) income from discontinued operations, net of tax	(1,507		)	(34		)	1,546			1			6
Undistributed income (loss) of subsidiaries
Bank subsidiary	433			433			—			(866		)	—
Nonbank subsidiaries	(3,242		)	(2,400		)	—			5,642			—
Net income	166			1,658			2,388			(4,046		)	166
Other comprehensive loss, net of tax	(498		)	(719		)	(854		)	1,573			(498		)
Comprehensive (loss) income	$	(332	)	$	939		$	1,534		$	(2,473	)	$	(332	)

Condensed Balance Sheet [Table Text Block]

Condensed Consolidating Balance Sheet

June 30, 2014 ($ in millions)	Parent (a)			Guarantors		Nonguarantors (a)			Consolidating adjustments			Ally consolidated
Assets
Cash and cash equivalents
Noninterest-bearing	$	1,040		$	26	$	307		$	—		$	1,373
Interest-bearing	1,300			—		3,104			—			4,404
Interest-bearing — intercompany	—			—		412			(412		)	—
Total cash and cash equivalents	2,340			26		3,823			(412		)	5,777
Investment securities	—			—		16,748			—			16,748
Loans held-for-sale, net	—			—		3			—			3
Finance receivables and loans, net
Finance receivables and loans, net	3,989			—		96,789			—			100,778
Intercompany loans to
Bank subsidiary	1,700			—		—			(1,700		)	—
Nonbank subsidiaries	2,269			—		1,898			(4,167		)	—
Allowance for loan losses	(96		)	—		(1,075		)	—			(1,171		)
Total finance receivables and loans, net	7,862			—		97,612			(5,867		)	99,607
Investment in operating leases, net	3,771			—		15,043			—			18,814
Intercompany receivables from
Bank subsidiary	297			—		—			(297		)	—
Nonbank subsidiaries	276			—		632			(908		)	—
Investment in subsidiaries
Bank subsidiary	15,614			15,614		—			(31,228		)	—
Nonbank subsidiaries	8,960			13		—			(8,973		)	—
Premiums receivable and other insurance assets	—			—		1,676			(20		)	1,656
Other assets	4,625			—		4,329			(2,196		)	6,758
Assets of operations held-for-sale	574			—		—			—			574
Total assets	$	44,319		$	15,653	$	139,866		$	(49,901	)	$	149,937
Liabilities
Deposit liabilities
Noninterest-bearing	$	—		$	—	$	75		$	—		$	75
Interest-bearing	398			—		55,618			—			56,016
Total deposit liabilities	398			—		55,693			—			56,091
Short-term borrowings	3,340			—		3,029			—			6,369
Long-term debt	21,795			—		46,118			—			67,913
Intercompany debt to
Nonbank subsidiaries	2,311			—		3,969			(6,280		)	—
Intercompany payables to
Bank subsidiary	456			—		—			(456		)	—
Nonbank subsidiaries	486			—		282			(768		)	—
Interest payable	329			—		199			—			528
Unearned insurance premiums and service revenue	—			—		2,349			—			2,349
Accrued expenses and other liabilities	326			82		3,598			(2,197		)	1,809
Total liabilities	29,441			82		115,237			(9,701		)	135,059
Total equity	14,878			15,571		24,629			(40,200		)	14,878
Total liabilities and equity	$	44,319		$	15,653	$	139,866		$	(49,901	)	$	149,937

(a) Amounts presented are based upon the legal transfer of the underlying assets to VIEs in order to reflect legal ownership.

December 31, 2013 ($ in millions)	Parent (a)			Guarantors		Nonguarantors (a)			Consolidating adjustments			Ally consolidated
Assets
Cash and cash equivalents
Noninterest-bearing	$	979		$	37	$	299		$	—		$	1,315
Interest-bearing	1,951			—		2,265			—			4,216
Interest-bearing — intercompany	—			—		410			(410		)	—
Total cash and cash equivalents	2,930			37		2,974			(410		)	5,531
Investment securities	—			—		17,083			—			17,083
Loans held-for-sale, net	—			—		35			—			35
Finance receivables and loans, net
Finance receivables and loans, net	6,673			—		93,655			—			100,328
Intercompany loans to
Bank subsidiary	600			—		—			(600		)	—
Nonbank subsidiaries	4,207			—		1,925			(6,132		)	—
Allowance for loan losses	(131		)	—		(1,077		)	—			(1,208		)
Total finance receivables and loans, net	11,349			—		94,503			(6,732		)	99,120
Investment in operating leases, net	3,172			—		14,508			—			17,680
Intercompany receivables from
Bank subsidiary	236			—		—			(236		)	—
Nonbank subsidiaries	439			—		588			(1,027		)	—
Investment in subsidiaries
Bank subsidiary	14,916			14,916		—			(29,832		)	—
Nonbank subsidiaries	10,029			68		—			(10,097		)	—
Premiums receivable and other insurance assets	—			—		1,634			(21		)	1,613
Other assets	4,691			—		6,880			(1,982		)	9,589
Assets of operations held-for-sale	516			—		—			—			516
Total assets	$	48,278		$	15,021	$	138,205		$	(50,337	)	$	151,167
Liabilities
Deposit liabilities
Noninterest-bearing	$	—		$	—	$	60		$	—		$	60
Interest-bearing	440			—		52,850			—			53,290
Total deposit liabilities	440			—		52,910			—			53,350
Short-term borrowings	3,225			—		5,320			—			8,545
Long-term debt	25,819			—		43,646			—			69,465
Intercompany debt to
Nonbank subsidiaries	2,334			—		4,808			(7,142		)	—
Intercompany payables to
Bank subsidiary	197			—		—			(197		)	—
Nonbank subsidiaries	666			—		421			(1,087		)	—
Interest payable	709			—		179			—			888
Unearned insurance premiums and service revenue	—			—		2,314			—			2,314
Accrued expenses and other liabilities	680			93		3,606			(1,982		)	2,397
Total liabilities	34,070			93		113,204			(10,408		)	136,959
Total equity	14,208			14,928		25,001			(39,929		)	14,208
Total liabilities and equity	$	48,278		$	15,021	$	138,205		$	(50,337	)	$	151,167

(a) Amounts presented are based upon the legal transfer of the underlying assets to VIEs in order to reflect legal ownership.

Condensed Cash Flow Statement [Table Text Block]

Condensed Consolidating Statement of Cash Flows

Six months ended June 30, 2014 ($ in millions)	Parent			Guarantors			Nonguarantors			Consolidating adjustments			Ally consolidated
Operating activities
Net cash provided by operating activities	$	1,030		$	1,489		$	2,314		$	(3,320	)	$	1,513
Investing activities
Purchases of available-for-sale securities	—			—			(2,411		)	—			(2,411		)
Proceeds from sales of available-for-sale securities	—			—			2,144			—			2,144
Proceeds from maturities and repayments of available-for-sale securities	—			—			1,136			—			1,136
Net decrease (increase) in finance receivables and loans	2,737			—			(3,473		)	—			(736		)
Net (increase) decrease in loans — intercompany	(547		)	—			25			522			—
Net decrease (increase) in operating lease assets	17			—			(2,206		)	—			(2,189		)
Capital contributions to subsidiaries	(687		)	—			—			687			—
Returns of contributed capital	1,126			—			—			(1,126		)	—
Proceeds from sale of business units, net	46			—			1			—			47
Net change in restricted cash	(3		)	—			2,063			—			2,060
Other, net	(9		)	—			48			—			39
Net cash provided by (used in) investing activities	2,680			—			(2,673		)	83			90
Financing activities
Net change in short-term borrowings — third party	115			—			(2,296		)	—			(2,181		)
Net (decrease) increase in deposits	(42		)	—			2,783			—			2,741
Proceeds from issuance of long-term debt — third party	1,305			—			13,651			—			14,956
Repayments of long-term debt — third party	(5,521		)	—			(11,218		)	—			(16,739		)
Net change in debt — intercompany	(23		)	—			548			(525		)	—
Dividends paid — third party	(134		)	—			—			—			(134		)
Dividends paid and returns of contributed capital — intercompany	—			(1,500		)	(2,947		)	4,447			—
Capital contributions from parent	—			—			687			(687		)	—
Net cash (used in) provided by financing activities	(4,300		)	(1,500		)	1,208			3,235			(1,357		)
Net (decrease) increase in cash and cash equivalents	(590		)	(11		)	849			(2		)	246
Cash and cash equivalents at beginning of year	2,930			37			2,974			(410		)	5,531
Cash and cash equivalents at June 30	$	2,340		$	26		$	3,823		$	(412	)	$	5,777

Six months ended June 30, 2013 ($ in millions)	Parent			Guarantors			Nonguarantors			Consolidating adjustments			Ally consolidated
Operating activities
Net cash provided by operating activities	$	5,085		$	3,514		$	3,636		$	(8,822	)	$	3,413
Investing activities
Purchases of available-for-sale securities	—			—			(9,305		)	—			(9,305		)
Proceeds from sales of available-for-sale securities	—			—			3,700			—			3,700
Proceeds from maturities and repayments of available-for-sale securities	—			—			3,125			—			3,125
Net (increase) decrease in finance receivables and loans	(4,708		)	79			6,220			—			1,591
Net (increase) decrease in loans — intercompany	(1,468		)	251			(1,368		)	2,585			—
Net (increase) in operating lease assets	(798		)	—			(2,670		)	—			(3,468		)
Capital contributions to subsidiaries	(158		)	—			—			158			—
Returns of contributed capital	558			150			—			(708		)	—
Sales of mortgage servicing rights	—			—			911			—			911
Proceeds from sale of business units, net	1,120			554			5,259			—			6,933
Net change in restricted cash	—			(26		)	2,345			—			2,319
Other, net	(265		)	—			125			—			(140		)
Net cash (used in) provided by investing activities	(5,719		)	1,008			8,342			2,035			5,666
Financing activities
Net change in short-term borrowings — third party	103			36			(2,971		)	—			(2,832		)
Net (decrease) increase in deposits	(342		)	—			2,538			(45		)	2,151
Proceeds from issuance of long-term debt — third party	39			—			7,998			—			8,037
Repayments of long-term debt — third party	(461		)	(70		)	(17,234		)	—			(17,765		)
Net change in debt — intercompany	1,680			(271		)	1,145			(2,554		)	—
Dividends paid — third party	(401		)	—			—			—			(401		)
Dividends paid and returns of contributed capital — intercompany	—			(4,217		)	(5,312		)	9,529			—
Capital contributions from parent	—			29			129			(158		)	—
Net cash provided by (used in) financing activities	618			(4,493		)	(13,707		)	6,772			(10,810		)
Effect of exchange-rate changes on cash and cash equivalents	—			—			50			—			50
Net (decrease) increase in cash and cash equivalents	(16		)	29			(1,679		)	(15		)	(1,681		)
Adjustment for change in cash and cash equivalents of operations held-for-sale	—			—			1,942			—			1,942
Cash and cash equivalents at beginning of year	3,977			—			4,027			(491		)	7,513
Cash and cash equivalents at June 30	$	3,961		$	29		$	4,290		$	(506	)	$	7,774