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Derivative Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2015
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. Notional amounts are reference amounts from which contractual obligations are derived and are not recorded on the balance sheet. In our view, derivative notional is not an accurate measure of our derivative exposure when viewed in isolation from other factors, such as market rate fluctuations and counterparty credit risk.
 
 
June 30, 2015
 
December 31, 2014
 
 
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) (d)
 
$
81

 
$
24

 
$
16,756

 
$
118

 
$
7

 
$
18,554

Foreign exchange contracts
 
 
 
 
 
 
 
 
 
 
 
 
Forwards
 
6

 
—

 
212

 
—

 
—

 
210

Total derivatives qualifying for hedge accounting
 
87

 
24

 
16,968

 
118

 
7

 
18,764

Economic hedges
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
 
 
Swaps
 
37

 
55

 
8,668

 
40

 
65

 
11,979

Futures and forwards
 
3

 
9

 
18,288

 
4

 
2

 
18,886

Written options
 
—

 
86

 
17,817

 
—

 
94

 
14,823

Purchased options
 
86

 
—

 
17,968

 
94

 
—

 
15,159

Total interest rate risk
 
126

 
150

 
62,741

 
138

 
161

 
60,847

Foreign exchange contracts
 
 
 
 
 
 
 
 
 
 
 
 
Swaps
 
—

 
—

 
—

 
—

 
74

 
1,210

Futures and forwards
 
1

 
—

 
150

 
5

 
4

 
304

Total foreign exchange risk
 
1

 
—

 
150

 
5

 
78

 
1,514

Equity contracts
 
 
 
 
 
 
 
 
 
 
 
 
Forwards
 
—

 
5

 
54

 
—

 
3

 
74

Written options
 
—

 
2

 
1

 
—

 
3

 
1

Purchased options
 
—

 
—

 
—

 
2

 
—

 
—

Total equity risk
 
—

 
7

 
55

 
2

 
6

 
75

Total economic hedges
 
127

 
157

 
62,946

 
145

 
245

 
62,436

Total derivatives
 
$
214

 
$
181

 
$
79,914

 
$
263

 
$
252

 
$
81,200

(a)
Derivative contracts in a receivable position are classified as other assets on the Condensed Consolidated Balance Sheet, and includes accrued interest of $41 million and $50 million at June 30, 2015, and December 31, 2014, respectively.
(b)
Derivative contracts in a liability position are classified as accrued expenses and other liabilities on the Condensed Consolidated Balance Sheet, and includes accrued interest of $15 million and $17 million at June 30, 2015, and December 31, 2014, respectively.
(c)
Includes fair value hedges consisting of receive-fixed swaps on fixed-rate debt obligations with $75 million and $97 million in a receivable position, $19 million and $1 million in a payable position, and of a $5.3 billion and $4.7 billion notional amount at June 30, 2015, and December 31, 2014, respectively. Of the hedge notional amount at June 30, 2015, $2.2 billion is associated with debt maturing in five or more years.
(d)
Other fair value hedges include pay-fixed swaps on portfolios of held-for-investment automotive loan assets with $6 million and $21 million in a receivable position, $5 million and $6 million in a payable position, and of a $11.4 billion and $13.9 billion notional amount at June 30, 2015, and December 31, 2014, 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 June 30,
 
Six months ended June 30,
($ in millions)
 
2015
 
2014
 
2015
 
2014
Derivatives qualifying for hedge accounting
 
 
 
 
 
 
 
 
Gain (loss) recognized in earnings on derivatives
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
Interest and fees on finance receivables and loans (a)
 
$
7

 
$
(8
)
 
$
(16
)
 
$
(6
)
Interest on long-term debt (b)
 
(97
)
 
107

 
(11
)
 
141

Gain (loss) recognized in earnings on hedged items (c)
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
Interest and fees on finance receivables and loans
 
2

 
18

 
35

 
29

Interest on long-term debt
 
94

 
(107
)
 
7

 
(139
)
Total derivatives qualifying for hedge accounting
 
6

 
10

 
15

 
25

Economic derivatives
 
 
 
 
 
 
 
 
Gain (loss) recognized in earnings on derivatives
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
Gain on mortgage and automotive loans, net
 
2

 
—

 
—

 
—

Other income, net of losses
 
3

 
(11
)
 
(9
)
 
(19
)
Total interest rate contracts
 
5

 
(11
)
 
(9
)
 
(19
)
Foreign exchange contracts (d)
 
 
 
 
 
 
 
 
Interest on long-term debt
 
5

 
(4
)
 
(138
)
 
(9
)
Other income, net of losses
 
(3
)
 
—

 
8

 
—

Total foreign exchange contracts
 
2

 
(4
)
 
(130
)
 
(9
)
Equity contracts
 
 
 
 
 
 
 
 
Compensation and benefits expense
 
3

 
—

 
(3
)
 
—

Total equity contracts
 
3

 
—

 
(3
)
 
—

Gain (loss) recognized in earnings on derivatives
 
$
16

 
$
(5
)
 
$
(127
)
 
$
(3
)
(a)
Amounts exclude losses related to interest for qualifying accounting hedges of retail automotive loans held-for-investment, which are primarily offset by the fixed coupon payments of the loans. The losses were $15 million and $14 million for the three months ended June 30, 2015 and 2014, respectively, and $32 million and $27 million for the six months ended June 30, 2015 and 2014, respectively.
(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 $24 million and $27 million for the three months ended June 30, 2015 and 2014, respectively, and $47 million and $62 million for the six months ended June 30, 2015 and 2014, respectively.
(c)
Amounts exclude gains related to amortization of deferred basis adjustments on the de-designated hedged item of $16 million and $37 million for the three months ended June 30, 2015 and 2014, respectively, and $44 million and $82 million for the six months ended June 30, 2015 and 2014, respectively.
(d)
Amounts exclude losses and gains related to the revaluation of the related foreign-denominated debt or receivable. Losses of $1 million and gains of $6 million were recognized for the three months ended June 30, 2015 and 2014, respectively. Gains of $133 million and $10 million were recognized for the six months ended June 30, 2015 and 2014, respectively.
Derivative Instruments Used in Cash Flow and Net Investment Hedge Accounting Relationships [Table Text Block]
The following table summarizes derivative instruments used in net investment hedge accounting relationships.
 
 
Three months ended June 30,
 
Six months ended June 30,
($ in millions)
 
2015
 
2014
 
2015
 
2014
Foreign exchange contracts
 
 
 
 
 
 
 
 
Loss reclassified from accumulated other comprehensive loss to income from discontinued operations, net
 
$
—

 
$
—

 
$
(4
)
 
$
—

Total loss from discontinued operations, net
 
$
—

 
$
—

 
$
(4
)
 
$
—

(Loss) gain recognized in other comprehensive income (a)
 
$
(2
)
 
$
(9
)
 
$
20

 
$
2

(a)
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, including the tax impacts of the hedge and related net investment, as disclosed separately in Note 17. There were gains of $3 million and losses of $8 million for the three months ended June 30, 2015 and 2014, respectively. There were losses of $40 million and $27 million for the six months ended June 30, 2015 and 2014, respectively.