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Derivative Instruments and Hedging Activities (Tables)
 3 Months Ended
Mar. 31, 2017
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.
 
 
March 31, 2017
 
December 31, 2016
 
 
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 designated as accounting hedges
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
 
 
Swaps (c) (d) (e)
 
$
18

 
$
17

 
$
3,939

 
$
19

 
$
21

 
$
4,731

Foreign exchange contracts
 
 
 
 
 
 
 
 
 
 
 
 
Forwards
 
—

 
1

 
150

 
1

 
—

 
171

Total derivatives designated as accounting hedges
 
18

 
18

 
4,089

 
20

 
21

 
4,902

Derivatives not designated as accounting hedges
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
 
 
Swaps
 
—

 
—

 
43

 
—

 
—

 
137

Futures and forwards
 
—

 
—

 
25

 
—

 
—

 
—

Written options
 
—

 
62

 
13,432

 
—

 
73

 
14,518

Purchased options
 
62

 
—

 
13,407

 
73

 
—

 
14,517

Total interest rate risk
 
62

 
62

 
26,907

 
73

 
73

 
29,172

Foreign exchange contracts
 
 
 
 
 
 
 
 
 
 
 
 
Futures and forwards
 
—

 
1

 
94

 
1

 
—

 
92

Total foreign exchange risk
 
—

 
1

 
94

 
1

 
—

 
92

Equity contracts
 
 
 
 
 
 
 
 
 
 
 
 
Written options
 
—

 
—

 
—

 
—

 
1

 
—

Purchased options
 
—

 
—

 
—

 
1

 
—

 
—

Total equity risk
 
—

 
—

 
—

 
1

 
1

 
—

Total derivatives not designated as accounting hedges
 
62

 
63

 
27,001

 
75

 
74

 
29,264

Total derivatives
 
$
80

 
$
81

 
$
31,090

 
$
95

 
$
95

 
$
34,166

(a)
Derivative contracts in a receivable position are classified as other assets on the Condensed Consolidated Balance Sheet, and include accrued interest of $3 million and $7 million at March 31, 2017, and December 31, 2016, respectively.
(b)
Derivative contracts in a liability position are classified as accrued expenses and other liabilities on the Condensed Consolidated Balance Sheet, and include accrued interest of $0 million and $1 million at March 31, 2017, and December 31, 2016, respectively.
(c)
Includes fair value hedges consisting of receive-fixed swaps on fixed-rate unsecured debt obligations with $11 million and $8 million in a receivable position, $18 million and $14 million in a payable position, and a $2.6 billion and $1.7 billion notional amount at March 31, 2017, and December 31, 2016, respectively. The hedge notional amount of $2.6 billion at March 31, 2017, is associated with debt maturing in approximately five or more years.
(d)
Includes fair value hedges consisting of receive-fixed swaps on fixed-rate secured debt obligations (FHLB advances) with $0 million and $0 million in a receivable position, $0 million and $7 million in a payable position, and a $0 million and $240 million notional amount at March 31, 2017, and December 31, 2016, respectively.
(e)
Other fair value hedges include pay-fixed swaps on portfolios of held-for-investment automotive loan assets with $7 million and $10 million in a receivable position, $0 million and $1 million in a payable position, and a $1.4 billion and $2.8 billion notional amount at March 31, 2017, and December 31, 2016, 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 March 31,
($ in millions)
 
2017
 
2016
Derivatives qualifying for hedge accounting
 
 
 
 
Gain (loss) recognized in earnings on derivatives
 
 
 
 
Interest rate contracts
 
 
 
 
Interest and fees on finance receivables and loans (a)
 
$
2

 
$
(28
)
Interest on long-term debt (b) (c)
 
4

 
191

(Loss) gain recognized in earnings on hedged items
 
 
 
 
Interest rate contracts
 
 
 
 
Interest and fees on finance receivables and loans (d)
 
(4
)
 
28

Interest on long-term debt (e) (f)
 
(3
)
 
(196
)
Total derivatives qualifying for hedge accounting
 
(1
)
 
(5
)
Derivatives not designated as accounting hedges
 
 
 
 
(Loss) gain recognized in earnings on derivatives
 
 
 
 
Interest rate contracts
 
 
 
 
Other income, net of losses
 
(2
)
 
2

Total interest rate contracts
 
(2
)
 
2

Foreign exchange contracts (g)
 
 
 
 
Interest on long-term debt
 
—

 
(1
)
Other income, net of losses
 
(1
)
 
(4
)
Total foreign exchange contracts
 
(1
)
 
(5
)
Equity contracts
 
 
 
 
Compensation and benefits expense
 
—

 
(1
)
Total equity contracts
 
—

 
(1
)
Loss recognized in earnings on derivatives
 
$
(4
)
 
$
(9
)
(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 $1 million and $7 million for the three months ended March 31, 2017, and 2016, respectively.
(b)
Amounts exclude gains related to interest for qualifying accounting hedges of unsecured debt, which are primarily offset by the fixed coupon payment on the long-term debt. The gains were $5 million and $16 million for the three months ended March 31, 2017, and 2016, respectively.
(c)
Amounts exclude gains related to interest for qualifying accounting hedges of secured debt (FHLB advances), which are primarily offset by the fixed coupon payment on the long-term debt. The gains were $0 million and $1 million for the three months ended March 31, 2017, and 2016, respectively.
(d)
Amounts exclude losses related to amortization of deferred loan basis adjustments on the de-designated hedged item of $5 million for both the three months ended March 31, 2017, and 2016.
(e)
Amounts exclude gains related to amortization of deferred debt basis adjustments on the de-designated hedged item of $20 million and $18 million for the three months ended March 31, 2017, and 2016, respectively.
(f)
Amounts exclude losses related to amortization of deferred debt basis adjustments (FHLB advances) on the de-designated hedge item of $1 million and $0 million for the three months ended March 31, 2017, and 2016, respectively.
(g)
Amounts exclude gains and losses related to the revaluation of the related foreign-denominated debt or receivable. Gains of $1 million and $4 million were recognized for the three months ended March 31, 2017, and 2016, respectively.
Derivative Instruments Used in Cash Flow and Net Investment Hedge Accounting Relationships [Table Text Block]
Losses of $2 million and $6 million were recognized in other comprehensive income for the three months ended March 31, 2017, and 2016, respectively. These amounts represent the effective portion of net investment hedges. There are offsetting amounts recognized in accumulated other comprehensive loss 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 16. There were gains of $3 million and $11 million for the three months ended March 31, 2017, and 2016, respectively.