XML 59 R48.htm IDEA: XBRL DOCUMENT v3.5.0.2
Long-term Debt (Tables)
 9 Months Ended
Sep. 30, 2016
Long-term Debt, Unclassified [Abstract]  
Long-term Debt Portfolio [Table Text Block]
The following table presents the composition of our long-term debt portfolio.
 
 
September 30, 2016
 
December 31, 2015
($ in millions)
 
Unsecured
 
Secured
 
Total
 
Unsecured
 
Secured
 
Total
Long-term debt
 
 
 
 
 
 
 
 
 
 
 
 
Due within one year
 
$
3,279

 
$
11,805

 
$
15,084

 
$
1,829

 
$
9,427

 
$
11,256

Due after one year (a)
 
16,410

 
24,861

 
41,271

 
18,803

 
35,844

 
54,647

Fair value adjustment (b)
 
471

 
10

 
481

 
334

 
(3
)
 
331

Total long-term debt (c)
 
$
20,160

 
$
36,676

 
$
56,836

 
$
20,966

 
$
45,268

 
$
66,234

(a)
Includes $2.6 billion of trust preferred securities at both September 30, 2016, and December 31, 2015.
(b)
Represents the fair value adjustment associated with the application of hedge accounting on certain of our long-term debt positions. Refer to Note 20 for additional information.
(c)
Includes advances from the Federal Home Loan Bank of Pittsburgh of $6.1 billion and $5.4 billion at September 30, 2016, and December 31, 2015, respectively.
Scheduled Remaining Maturity of Long-term Debt [Table Text Block]
The following table presents the scheduled remaining maturity of long-term debt at September 30, 2016, assuming no early redemptions will occur. The actual payment of secured debt may vary based on the payment activity of the related pledged assets.
($ in millions)
 
2016
 
2017
 
2018
 
2019
 
2020
 
2021 and thereafter
 
Fair value adjustment
 
Total
Unsecured
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
 
$
19

 
$
4,365

 
$
3,700

 
$
1,662

 
$
2,212

 
$
9,078

 
$
471

 
$
21,507

Original issue discount
 
(21
)
 
(91
)
 
(101
)
 
(39
)
 
(39
)
 
(1,056
)
 
—

 
(1,347
)
Total unsecured
 
(2
)
 
4,274

 
3,599

 
1,623

 
2,173

 
8,022

 
471

 
20,160

Secured
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
 
2,118

 
11,855

 
7,512

 
7,197

 
4,155

 
3,829

 
10

 
36,676

Total long-term debt
 
$
2,116

 
$
16,129

 
$
11,111

 
$
8,820

 
$
6,328


$
11,851


$
481


$
56,836
Pledged assets for the payment of the related secured borrowings and repurchase agreements [Table Text Block]
The following summarizes assets restricted as collateral for the payment of the related debt obligation primarily arising from securitization transactions accounted for as secured borrowings and repurchase agreements.
 
 
September 30, 2016
 
December 31, 2015
($ in millions)
 
Total
 
Ally Bank (a)
 
Total
 
Ally Bank (a)
Investment securities (b)
 
$
586

 
$
—

 
$
2,420

 
$
1,761

Mortgage assets held-for-investment and lending receivables
 
10,770

 
10,770

 
9,743

 
9,743

Consumer automotive finance receivables
 
28,870

 
5,485

 
34,324

 
9,167

Commercial automotive finance receivables
 
19,275

 
19,020

 
19,623

 
19,177

Investment in operating leases, net
 
2,706

 
1,290

 
5,539

 
3,205

Other assets (b)
 
93

 
—

 
—

 
—

Total assets restricted as collateral (c) (d)
 
$
62,300

 
$
36,565

 
$
71,649

 
$
43,053

Secured debt
 
$
39,585

(e)
$
17,736

 
$
49,916

(e)
$
24,787

(a)
Ally Bank is a component of the total column.
(b)
Certain investment securities and other assets are restricted under repurchase agreements. Refer to Note 13 for information on the repurchase agreements.
(c)
Ally Bank has an advance agreement with the FHLB, and had assets pledged to secure borrowings that were restricted as collateral to the FHLB totaling $14.5 billion and $14.9 billion at September 30, 2016, and December 31, 2015, respectively. These assets were composed primarily of consumer mortgage finance receivables and loans, net and investment securities. Ally Bank has access to the Federal Reserve Bank Discount Window. Ally Bank had assets pledged and restricted as collateral to the Federal Reserve Bank totaling $2.4 billion and $2.9 billion at September 30, 2016, and December 31, 2015, respectively. These assets were composed of consumer automotive finance receivables and loans, net and investment in operating leases, net. Availability under these programs is only for the operations of Ally Bank and cannot be used to fund the operations or liabilities of Ally or its subsidiaries.
(d)
Excludes restricted cash and cash reserves for securitization trusts recorded within other assets on the Condensed Consolidated Balance Sheet. Refer to Note 11 for additional information.
(e)
Includes $2.9 billion and $4.6 billion of short-term borrowings at September 30, 2016, and December 31, 2015, respectively.
Schedule Of Committed Funding Facilities [Table Text Block]
Committed Funding Facilities
 
 
Outstanding
 
Unused capacity (a)
 
Total capacity
($ in millions)
 
September 30, 2016
 
December 31, 2015
 
September 30, 2016
 
December 31, 2015
 
September 30, 2016
 
December 31, 2015
Bank funding
 
 
 
 
 
 
 
 
 
 
 
 
Secured (b)
 
$
2,950

 
$
3,250

 
$
650

 
$
—

 
$
3,600

 
$
3,250

Parent funding
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
11,725

 
16,914

 
2,800

 
251

 
14,525

 
17,165

Total committed facilities
 
$
14,675

 
$
20,164

 
$
3,450

 
$
251

 
$
18,125

 
$
20,415

(a)
Funding from committed secured facilities is available on request in the event excess collateral resides in certain facilities or is available to the extent incremental collateral is available and contributed to the facilities.
(b)
Excludes off-balance sheet credit facility amounts.