Finance Receivables and Loans, Net (Tables)

6 Months Ended

Jun. 30, 2017

Loans and Leases Receivable, Net Amount [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

The composition of finance receivables and loans reported at gross carrying value was as follows.

($ in millions)	June 30, 2017		December 31, 2016
Consumer automotive (a)	$	66,774	$	65,793
Consumer mortgage
Mortgage Finance (b)	8,866		8,294
Mortgage — Legacy (c)	2,428		2,756
Total consumer mortgage	11,294		11,050
Total consumer	78,068		76,843
Commercial
Commercial and industrial
Automotive	34,782		35,041
Other	3,620		3,248
Commercial real estate — Automotive	4,058		3,812
Total commercial	42,460		42,101
Total finance receivables and loans (d)	$	120,528	$	118,944

(a) Includes $28 million and $43 million of fair value adjustment for loans in hedge accounting relationships at June 30, 2017, and December 31, 2016, respectively. Refer to Note 19 for additional information.

(b) Includes loans originated as interest-only mortgage loans of $24 million and $30 million at June 30, 2017, and December 31, 2016, respectively, 3% of which are expected to start principal amortization in 2017, none in 2018, 34% in 2019, 43% in 2020, and none thereafter.

(c) Includes loans originated as interest-only mortgage loans of $587 million and $714 million at June 30, 2017, and December 31, 2016, respectively, 7% of which are expected to start principal amortization in 2017, 2% in 2018, none in 2019, none in 2020, and 1% thereafter.

(d) Totals include net increases of $439 million and $359 million at June 30, 2017, and December 31, 2016, respectively, for unearned income, unamortized premiums and discounts, and deferred fees and costs.

Allowance for Credit Losses on Financing Receivables [Table Text Block]

The following tables present an analysis of the activity in the allowance for loan losses on finance receivables and loans.

Three months ended June 30, 2017 ($ in millions)	Consumer automotive			Consumer mortgage			Commercial		Total
Allowance at April 1, 2017	$	941		$	86		$	128	$	1,155
Charge-offs (a)	(290		)	(6		)	—		(296		)
Recoveries	91			6			—		97
Net charge-offs	(199		)	—			—		(199		)
Provision for loan losses	260			(3		)	12		269
Allowance at June 30, 2017	$	1,002		$	83		$	140	$	1,225

(a) Represents the amount of the gross carrying value directly written off. For consumer and commercial loans, the loss from a charge-off is measured as the difference between the gross carrying value of a loan and the fair value of the collateral, less costs to sell. Refer to Note 1 to the Consolidated Financial Statements in our 2016 Annual Report on Form 10-K for more information regarding our charge-off policies.

Three months ended June 30, 2016 ($ in millions)	Consumer automotive			Consumer mortgage			Commercial			Total
Allowance at April 1, 2016	$	850		$	115		$	112		$	1,077
Charge-offs (a)	(227		)	(9		)	(1		)	(237		)
Recoveries	79			5			1			85
Net charge-offs	(148		)	(4		)	—			(152		)
Provision for loan losses	168			(2		)	6			172
Other (b)	(8		)	—			—			(8		)
Allowance at June 30, 2016	$	862		$	109		$	118		$	1,089

(a) Represents the amount of the gross carrying value directly written off. For consumer and commercial loans, the loss from a charge-off is measured as the difference between the gross carrying value of a loan and the fair value of the collateral, less costs to sell. Refer to Note 1 to the Consolidated Financial Statements in our 2016 Annual Report on Form 10-K for more information regarding our charge-off policies.

(b) Primarily related to the transfer of finance receivables and loans from held-for-investment to held-for-sale.

Six months ended June 30, 2017($ in millions)	Consumer automotive			Consumer mortgage			Commercial		Total
Allowance at January 1, 2017	$	932		$	91		$	121	$	1,144
Charge-offs (a)	(631		)	(15		)	—		(646		)
Recoveries	181			13			—		194
Net charge-offs	(450		)	(2		)	—		(452		)
Provision for loan losses	527			(6		)	19		540
Other (b)	(7		)	—			—		(7		)
Allowance at June 30, 2017	$	1,002		$	83		$	140	$	1,225
Allowance for loan losses at June 30, 2017
Individually evaluated for impairment	$	34		$	31		$	32	$	97
Collectively evaluated for impairment	968			52			108		1,128
Finance receivables and loans at gross carrying value
Ending balance	$	66,774		$	11,294		$	42,460	$	120,528
Individually evaluated for impairment	380			242			151		773
Collectively evaluated for impairment	66,394			11,052			42,309		119,755

(a) Represents the amount of the gross carrying value directly written off. For consumer and commercial loans, the loss from a charge-off is measured as the difference between the gross carrying value of a loan and the fair value of the collateral, less costs to sell. Refer to Note 1 to the Consolidated Financial Statements in our 2016 Annual Report on Form 10-K for more information regarding our charge-off policies.

(b) Primarily related to the transfer of finance receivables and loans from held-for-investment to held-for-sale.

Six months ended June 30, 2016 ($ in millions)	Consumer automotive			Consumer mortgage			Commercial			Total
Allowance at January 1, 2016	$	834		$	114		$	106		$	1,054
Charge-offs (a)	(480		)	(19		)	(1		)	(500		)
Recoveries	159			9			1			169
Net charge-offs	(321		)	(10		)	—			(331		)
Provision for loan losses	375			5			12			392
Other (b)	(26		)	—			—			(26		)
Allowance at June 30, 2016	$	862		$	109		$	118		$	1,089
Allowance for loan losses at June 30, 2016
Individually evaluated for impairment	$	26		$	37		$	23		$	86
Collectively evaluated for impairment	836			72			95			1,003
Finance receivables and loans at gross carrying value
Ending balance	$	63,281		$	11,084		$	38,288		$	112,653
Individually evaluated for impairment	348			254			122			724
Collectively evaluated for impairment	62,933			10,830			38,166			111,929

(a) Represents the amount of the gross carrying value directly written off. For consumer and commercial loans, the loss from a charge-off is measured as the difference between the gross carrying value of a loan and the fair value of the collateral, less costs to sell. Refer to Note 1 to the Consolidated Financial Statements in our 2016 Annual Report on Form 10-K for more information regarding our charge-off policies.

(b) Primarily related to the transfer of finance receivables and loans from held-for-investment to held-for-sale.

Schedule Of Sales Of Financing Receivables And Loans [Table Text Block]

The following table presents information about significant sales of finance receivables and loans and transfers of finance receivables and loans from held-for-investment to held-for-sale.

	Three months ended June 30,				Six months ended June 30,
($ in millions)	2017		2016		2017		2016
Consumer automotive	$	85	$	1,560	$	1,298	$	4,159
Consumer mortgage	3		4		6		6
Commercial	—		28		—		28
Total sales and transfers	$	88	$	1,592	$	1,304	$	4,193

Schedule of Purchases of Financing Receivables and Loans [Table Text Block]

The following table presents information about significant purchases of finance receivables and loans.

	Three months ended June 30,				Six months ended June 30,
($ in millions)	2017		2016		2017		2016
Consumer automotive	$	611	$	—	$	679	$	—
Consumer mortgage	809		1,018		1,136		2,388
Total purchases of finance receivables and loans	$	1,420	$	1,018	$	1,815	$	2,388

Past Due Financing Receivables [Table Text Block]

The following table presents an analysis of our past due finance receivables and loans recorded at gross carrying value.

($ in millions)	30–59 days past due		60–89 days past due		90 days or more past due		Total past due		Current		Total finance receivables and loans
June 30, 2017
Consumer automotive	$	1,569	$	350	$	236	$	2,155	$	64,619	$	66,774
Consumer mortgage
Mortgage Finance	32		3		6		41		8,825		8,866
Mortgage — Legacy	34		18		55		107		2,321		2,428
Total consumer mortgage	66		21		61		148		11,146		11,294
Total consumer	1,635		371		297		2,303		75,765		78,068
Commercial
Commercial and industrial
Automotive	18		—		8		26		34,756		34,782
Other	—		—		—		—		3,620		3,620
Commercial real estate — Automotive	—		—		—		—		4,058		4,058
Total commercial	18		—		8		26		42,434		42,460
Total consumer and commercial	$	1,653	$	371	$	305	$	2,329	$	118,199	$	120,528
December 31, 2016
Consumer automotive	$	1,850	$	428	$	302	$	2,580	$	63,213	$	65,793
Consumer mortgage
Mortgage Finance	39		6		4		49		8,245		8,294
Mortgage — Legacy	45		18		57		120		2,636		2,756
Total consumer mortgage	84		24		61		169		10,881		11,050
Total consumer	1,934		452		363		2,749		74,094		76,843
Commercial
Commercial and industrial
Automotive	3		—		7		10		35,031		35,041
Other	—		—		—		—		3,248		3,248
Commercial real estate — Automotive	—		—		—		—		3,812		3,812
Total commercial	3		—		7		10		42,091		42,101
Total consumer and commercial	$	1,937	$	452	$	370	$	2,759	$	116,185	$	118,944

Schedule of Financing Receivables, Non Accrual Status [Table Text Block]

The following table presents the gross carrying value of our finance receivables and loans on nonaccrual status.

($ in millions)	June 30, 2017		December 31, 2016
Consumer automotive	$	540	$	598
Consumer mortgage
Mortgage Finance	9		10
Mortgage — Legacy	83		89
Total consumer mortgage	92		99
Total consumer	632		697
Commercial
Commercial and industrial
Automotive	75		33
Other	69		84
Commercial real estate — Automotive	7		5
Total commercial	151		122
Total consumer and commercial finance receivables and loans	$	783	$	819

Financing Receivable Credit Quality Indicators [Table Text Block]

The following table presents performing and nonperforming credit quality indicators in accordance with our internal accounting policies for our consumer finance receivables and loans recorded at gross carrying value. Nonperforming loans include finance receivables and loans on nonaccrual status when the principal or interest has been delinquent for 90 days or when full collection is not expected. Refer to Note 1 to the Consolidated Financial Statements in our 2016 Annual Report on Form 10-K for additional information.

	June 30, 2017						December 31, 2016
($ in millions)	Performing		Nonperforming		Total		Performing		Nonperforming		Total
Consumer automotive	$	66,234	$	540	$	66,774	$	65,195	$	598	$	65,793
Consumer mortgage
Mortgage Finance	8,857		9		8,866		8,284		10		8,294
Mortgage — Legacy	2,345		83		2,428		2,667		89		2,756
Total consumer mortgage	11,202		92		11,294		10,951		99		11,050
Total consumer	$	77,436	$	632	$	78,068	$	76,146	$	697	$	76,843

Schedule Of Pass And Criticized Credit Quality Indicators Of Finance Receivables [Table Text Block]

The following table presents pass and criticized credit quality indicators based on regulatory definitions for our commercial finance receivables and loans recorded at gross carrying value.

	June 30, 2017						December 31, 2016
($ in millions)	Pass		Criticized (a)		Total		Pass		Criticized (a)		Total
Commercial and industrial
Automotive	$	32,851	$	1,931	$	34,782	$	33,160	$	1,881	$	35,041
Other	2,859		761		3,620		2,597		651		3,248
Commercial real estate — Automotive	3,906		152		4,058		3,653		159		3,812
Total commercial	$	39,616	$	2,844	$	42,460	$	39,410	$	2,691	$	42,101

(a) Includes loans classified as special mention, substandard, or doubtful. These classifications are based on regulatory definitions and generally represent loans within our portfolio that have a higher default risk or have already defaulted.

Impaired Financing Receivables [Table Text Block]

The following table presents information about our impaired finance receivables and loans.

($ in millions)	Unpaid principal balance (a)		Gross carrying value		Impaired with no allowance		Impaired with an allowance		Allowance for impaired loans
June 30, 2017
Consumer automotive	$	396	$	380	$	102	$	278	$	34
Consumer mortgage
Mortgage Finance	8		8		4		4		—
Mortgage — Legacy	238		234		55		179		31
Total consumer mortgage	246		242		59		183		31
Total consumer	642		622		161		461		65
Commercial
Commercial and industrial
Automotive	75		75		27		48		5
Other	78		69		10		59		26
Commercial real estate — Automotive	7		7		3		4		1
Total commercial	160		151		40		111		32
Total consumer and commercial finance receivables and loans	$	802	$	773	$	201	$	572	$	97
December 31, 2016
Consumer automotive	$	407	$	370	$	131	$	239	$	28
Consumer mortgage
Mortgage Finance	8		8		3		5		—
Mortgage — Legacy	243		239		56		183		34
Total consumer mortgage	251		247		59		188		34
Total consumer	658		617		190		427		62
Commercial
Commercial and industrial
Automotive	33		33		7		26		3
Other	99		84		—		84		19
Commercial real estate — Automotive	5		5		2		3		1
Total commercial	137		122		9		113		23
Total consumer and commercial finance receivables and loans	$	795	$	739	$	199	$	540	$	85

(a) Adjusted for charge-offs.

Schedule of Average Balance And Interest Income Of Impaired Finance Receivables [Table Text Block]

The following tables present average balance and interest income for our impaired finance receivables and loans.

	2017				2016
Three months ended June 30, ($ in millions)	Average balance		Interest income		Average balance		Interest income
Consumer automotive	$	391	$	5	$	341	$	4
Consumer mortgage
Mortgage Finance	8		—		8		—
Mortgage — Legacy	238		3		251		3
Total consumer mortgage	246		3		259		3
Total consumer	637		8		600		7
Commercial
Commercial and industrial
Automotive	54		1		35		—
Other	73		8		65		—
Commercial real estate — Automotive	6		—		6		—
Total commercial	133		9		106		—
Total consumer and commercial finance receivables and loans	$	770	$	17	$	706	$	7

	2017				2016
Six months ended June 30, ($ in millions)	Average balance		Interest income		Average balance		Interest income
Consumer automotive	$	381	$	10	$	335	$	8
Consumer mortgage
Mortgage Finance	8		—		8		—
Mortgage — Legacy	239		5		253		5
Total consumer mortgage	247		5		261		5
Total consumer	628		15		596		13
Commercial
Commercial and industrial
Automotive	47		1		32		—
Other	77		8		56		1
Commercial real estate — Automotive	6		—		7		—
Total commercial	130		9		95		1
Total consumer and commercial finance receivables and loans	$	758	$	24	$	691	$	14

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The following tables present information related to finance receivables and loans recorded at gross carrying value modified in connection with a TDR during the period.

	2017					2016
Three months ended June 30, ($ in millions)	Number of loans	Pre-modification gross carrying value		Post-modification gross carrying value		Number of loans	Pre-modification gross carrying value		Post-modification gross carrying value
Consumer automotive	5,762	$	103	$	88	4,767	$	79	$	68
Consumer mortgage
Mortgage Finance	—	—		—		2	1		1
Mortgage — Legacy	19	3		2		26	4		4
Total consumer mortgage	19	3		2		28	5		5
Total consumer	5,781	106		90		4,795	84		73
Commercial
Commercial and industrial
Other	1	21		21		—	—		—
Total commercial	1	21		21		—	—		—
Total consumer and commercial finance receivables and loans	5,782	$	127	$	111	4,795	$	84	$	73

	2017					2016
Six months ended June 30, ($ in millions)	Number of loans	Pre-modification gross carrying value		Post-modification gross carrying value		Number of loans	Pre-modification gross carrying value		Post-modification gross carrying value
Consumer automotive	12,209	$	218	$	187	10,389	$	168	$	144
Consumer mortgage
Mortgage Finance	1	—		—		3	2		2
Mortgage — Legacy	72	15		14		57	8		8
Total consumer mortgage	73	15		14		60	10		10
Total consumer	12,282	233		201		10,449	178		154
Commercial
Commercial and industrial
Other	2	44		44		—	—		—
Total commercial	2	44		44		—	—		—
Total consumer and commercial finance receivables and loans	12,284	$	277	$	245	10,449	$	178	$	154

Finance receivables and loans redefaulted during the period [Table Text Block]

The following tables present information about finance receivables and loans recorded at gross carrying value that have redefaulted during the reporting period and were within 12 months or less of being modified as a TDR. Redefault is when finance receivables and loans meet the requirements for evaluation under our charge-off policy (refer to Note 1 to the Consolidated Financial Statements in our 2016 Annual Report on Form 10-K for additional information) except for commercial finance receivables and loans, where redefault is defined as 90 days past due.

	2017					2016
Three months ended June 30, ($ in millions)	Number of loans	Gross carrying  value		Charge-off amount		Number of loans	Gross carrying value		Charge-off amount
Consumer automotive	2,143	$	25	$	17	1,858	$	23	$	13
Consumer mortgage
Mortgage Finance	—	—		—		—	—		—
Mortgage — Legacy	—	—		—		2	—		—
Total consumer finance receivables and loans	2,143	$	25	$	17	1,860	$	23	$	13

	2017					2016
Six months ended June 30, ($ in millions)	Number of loans	Gross carrying  value		Charge-off amount		Number of loans	Gross carrying value		Charge-off amount
Consumer automotive	4,132	$	49	$	33	3,658	$	46	$	25
Consumer mortgage
Mortgage Finance	1	1		—		—	—		—
Mortgage — Legacy	—	—		—		3	—		—
Total consumer finance receivables and loans	4,133	$	50	$	33	3,661	$	46	$	25