Securitizations And Variable Interest Entities (Tables)

12 Months Ended

Dec. 31, 2014

Securitizations And Variable Interest Entities [Abstract]

Schedule of Variable Interest Entities [Table Text Block]

Our involvement with consolidated and nonconsolidated VIEs in which we hold variable interests is presented below.



December 31, ($ in millions)	Consolidated involvement with VIEs				Assets of nonconsolidated VIEs (a)			Maximum exposure to loss in nonconsolidated VIEs
2014
On-balance sheet variable interest entities
Consumer automotive	$	31,994		(b)
Commercial automotive	18,171
Off-balance sheet variable interest entities
Consumer automotive	—				$	2,801		$	2,801	(c)
Commercial other	146			(d)	—		(e)	362
Total	$	50,311			$	2,801		$	3,163
2013
On-balance sheet variable interest entities
Consumer automotive	$	19,072
Commercial automotive	20,511
Commercial other	564
Off-balance sheet variable interest entities
Consumer automotive	—				$	899		$	899	(c)
Commercial other	(24		)	(d)	—		(e)	40
Total	$	40,123			$	899		$	939


(a)	Asset values represent the current unpaid principal balance of outstanding consumer finance receivables and loans within the VIEs.


(b)	Includes $12.7 billion of assets which are not encumbered by VIE beneficial interests held by third parties. Ally or consolidated affiliates hold the interests in these assets which eliminate in consolidation.

(c)

Maximum exposure to loss represents the current unpaid principal balance of outstanding loans based on our customary representation and warranty provisions. This measure is based on the unlikely event that all of the loans have underwriting defects or other defects that trigger a representation and warranty provision and the collateral supporting the loans are worthless. This required disclosure is not an indication of our expected loss.


(d)	Includes $164 million and $0 million classified as other assets, offset by $18 million and $24 million classified as accrued expenses and other liabilities at December 31, 2014, and December 31, 2013, respectively.


(e)	Includes a VIE for which we have no management oversight and therefore we are not able to provide the total assets of the VIEs.

Schedule of On-balance Sheet Variable Interest Entities [Table Text Block]

The consolidated VIEs included in the Consolidated Balance Sheet represent separate entities with which we are involved. The third-party investors in the obligations of consolidated VIEs have legal recourse only to the assets of the VIEs and do not have such recourse to us, except for the customary representation and warranty provisions or when we are the counterparty to certain derivative transactions involving the VIE. In addition, the cash flows from the assets are restricted only to pay such liabilities. Thus, our economic exposure to loss from outstanding third-party financing related to consolidated VIEs is significantly less than the carrying value of the consolidated VIE assets. All assets of consolidated VIEs, presented below based upon the legal transfer of the underlying assets in order to reflect legal ownership, are restricted for the benefit of the beneficial interest holders.



December 31, ($ in millions)	2014			2013
Assets
Finance receivables and loans, net
Consumer	$	12,594		$	13,291
Commercial	17,487			18,974
Allowance for loan losses	(179		)	(174		)
Total finance receivables and loans, net	29,902			32,091
Investment in operating leases, net	5,595			4,620
Other assets	2,010			3,436
Total assets	$	37,507		$	40,147
Liabilities
Short-term borrowings	$	—		$	250
Long-term debt	24,343			24,147
Accrued expenses and other liabilities	173			43
Total liabilities	$	24,516		$	24,440

Schedule Of Cash Flow Received And Paid To Nonconsolidated Securitization Entities [Table Text Block]

The following table summarizes cash flows received and paid related to securitization entities, asset-backed financings, or other similar transfers of financial assets where the transfer is accounted for as a sale and we have a continuing involvement with the transferred assets (e.g., servicing) that were outstanding in 2014, 2013, and 2012. Additionally, this table contains information regarding cash flows received from and paid to nonconsolidated securitization entities that existed during each period.



Year ended December 31, ($ in millions)	Consumer automotive		Consumer mortgage GSEs			Consumer mortgage private-label
2014
Cash proceeds from transfers completed during the period	$	2,594	$	—		$	—
Servicing fees	11		—			—
Representations and warranties obligations	—		(31		)	—
2013
Cash proceeds from transfers completed during the period	$	—	$	8,676		$	—
Servicing fees	13		70			—
Representations and warranties obligations	—		(66		)	—
Other cash flows	—		70			—
2012
Cash proceeds from transfers completed during the period	$	1,979	$	32,796		$	5
Cash flows received on retained interests in securitization entities	—		—			71
Servicing fees	12		693			63
Purchases of previously transferred financial assets	—		(876		)	(12		)
Representations and warranties obligations	—		(108		)	(7		)
Other cash flows	—		(96		)	255

Schedule of Quantitative Information and Net Credit Losses about Securitized and Other Financial Assets Managed Together [Table Text Block]

The following tables represent on-balance sheet loans held-for-sale and finance receivable and loans, off-balance sheet securitizations, and whole-loan sales where we have continuing involvement. The table presents quantitative information about delinquencies and net credit losses.



	Total Amount				Amount 60 days or more past due				Net credit losses
December 31, ($ in millions)	2014		2013		2014		2013		2014			2013
On-balance sheet loans
Consumer automotive	$	58,085	$	56,417	$	457	$	412	$	501		$	402
Consumer mortgage	7,926		8,460		151		164		43			75
Commercial automotive	34,022		33,803		9		42		1			2
Commercial other	1,918		1,683		—		—		(8		)	(7		)
Total on-balance sheet loans	101,951		100,363		617		618		537			472
Off-balance sheet securitization entities
Consumer automotive	2,801		899		5		3		1			3
Total off-balance sheet securitization entities	2,801		899		5		3		1			3
Whole-loan transactions (a)	929		2,848		33		69		6			6
Total	$	105,681	$	104,110	$	655	$	690	$	544		$	481


(a)	Whole-loan transactions are not part of a securitization transaction, but represent consumer automotive pools of loans sold to third-party investors.

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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