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Derivative Instruments and Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 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.
 
 
September 30, 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) (f) (g)
 
$
—

 
$
—

 
$
6,140

 
$
19

 
$
21

 
$
4,731

Futures (h)
 
1

 
—

 
60

 
—

 
—

 
—

Foreign exchange contracts
 
 
 
 
 
 
 
 
 
 
 
 
Forwards
 
3

 
—

 
176

 
1

 
—

 
171

Total derivatives designated as accounting hedges
 
4

 
—

 
6,376

 
20

 
21

 
4,902

Derivatives not designated as accounting hedges
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
 
 
Swaps
 
—

 
—

 
—

 
—

 
—

 
137

Futures and forwards
 
—

 
—

 
116

 
—

 
—

 
—

Written options
 
1

 
30

 
9,452

 
—

 
73

 
14,518

Purchased options
 
30

 
—

 
9,335

 
73

 
—

 
14,517

Total interest rate risk
 
31

 
30

 
18,903

 
73

 
73

 
29,172

Foreign exchange contracts
 
 
 
 
 
 
 
 
 
 
 
 
Futures and forwards
 
2

 
—

 
130

 
1

 
—

 
92

Total foreign exchange risk
 
2

 
—

 
130

 
1

 
—

 
92

Equity contracts
 
 
 
 
 
 
 
 
 
 
 
 
Written options
 
—

 
—

 
—

 
—

 
1

 
—

Purchased options
 
—

 
—

 
—

 
1

 
—

 
—

Total equity risk
 
—

 
—

 
—

 
1

 
1

 
—

Total derivatives not designated as accounting hedges
 
33

 
30

 
19,033

 
75

 
74

 
29,264

Total derivatives
 
$
37

 
$
30

 
$
25,409

 
$
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 $0 million and $7 million at September 30, 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 September 30, 2017, and December 31, 2016, respectively.
(c)
Includes fair value hedges consisting of receive-fixed swaps on fixed-rate unsecured debt obligations with $0 million and $8 million in a receivable position, $0 million and $14 million in a payable position, and a $3.1 billion and $1.7 billion notional amount at September 30, 2017, and December 31, 2016, respectively. The hedge notional amount of $3.1 billion at September 30, 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 $1.6 billion and $240 million notional amount at September 30, 2017, and December 31, 2016, respectively. Other fair value hedges include pay-fixed swaps on portfolios of held-for-investment automotive loan assets with $0 million and $10 million in a receivable position, $0 million and $1 million in a payable position, and a $0.0 billion and $2.8 billion notional amount at September 30, 2017, and December 31, 2016, respectively.
(e)
Includes cash flow hedge of pay-fixed swap on variable-rate borrowings of a secured credit facility with $0 million in a receivable and payable position, and $1.3 billion of notional amount at September 30, 2017.
(f)
Includes fair value hedge of pay-fixed swaps on fixed-rate U.S. Treasury securities with $0 million in a receivable and payable position, and $225 million of notional amount at September 30, 2017.
(g)
Derivative contracts in a receivable and payable position exclude open trade equity on derivatives cleared through central clearing counterparties. Any associated collateral exchanged with our central clearing counterparties are treated as settlements of the derivative exposure, rather than collateral. Such payments are recognized as settlements of the derivatives contracts in a receivable and payable position in our Condensed Consolidated Balance Sheet.
(h)
Includes fair value hedge of future contract on fixed-rate U.S. Treasury securities with $1 million in a receivable position, $0 million in a payable position, and $60 million of notional amount at September 30, 2017
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 September 30,
 
Nine months ended September 30,
($ in millions)
 
2017
 
2016
 
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)
 
$
—

 
$
16

 
$
1

 
$
(18
)
Interest and dividends on investment securities
 
4

 
—

 
1

 
—

Interest on long-term debt (b)
 
(5
)
 
(31
)
 
19

 
211

(Loss) gain recognized in earnings on hedged items
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
Interest and fees on finance receivables and loans (c)
 
—

 
(17
)
 
(3
)
 
16

Interest and dividends on investment securities
 
(4
)
 
—

 
(1
)
 
—

Interest on long-term debt (d)
 
5

 
32

 
(18
)
 
(214
)
Total derivatives qualifying for hedge accounting
 
—

 
—

 
(1
)
 
(5
)
Derivatives not designated as accounting hedges
 
 
 
 
 
 
 
 
Gain (loss) recognized in earnings on derivatives
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
Gain on mortgage and automotive loans, net
 
—

 
—

 
1

 
—

Other income, net of losses
 
—

 
(5
)
 
(3
)
 
(2
)
Total interest rate contracts
 
—

 
(5
)
 
(2
)
 
(2
)
Foreign exchange contracts (e)
 
 
 
 
 
 
 
 
Interest on long-term debt
 
—

 
—

 
—

 
(2
)
Other income, net of losses
 
(3
)
 
(1
)
 
(7
)
 
(4
)
Total foreign exchange contracts
 
(3
)
 
(1
)
 
(7
)
 
(6
)
Equity contracts
 
 
 
 
 
 
 
 
Compensation and benefits expense
 
—

 
2

 
—

 
—

Total equity contracts
 
—

 
2

 
—

 
—

Loss recognized in earnings on derivatives
 
$
(3
)
 
$
(4
)
 
$
(10
)
 
$
(13
)
(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 $0 million and $4 million for the three months ended September 30, 2017, and 2016, respectively, and $1 million and $16 million for the nine months ended September 30, 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 $7 million for both the three months ended September 30, 2017, and 2016, and $19 million and $34 million for the nine months ended September 30, 2017, and 2016, respectively. Amounts also 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 September 30, 2017, and 2016, respectively, and $1 million and $4 million for the nine months ended September 30, 2017, and 2016, respectively.
(c)
Amounts exclude losses related to amortization of deferred loan basis adjustments on the de-designated hedged item of $6 million for both the three months ended September 30, 2017, and 2016, and $17 million and $15 million for the nine months ended September 30, 2017, and 2016, respectively.
(d)
Amounts exclude gains related to amortization of deferred debt basis adjustments on the de-designated hedged item of $19 million and $23 million for the three months ended September 30, 2017, and 2016, respectively, and $59 million and $62 million for the nine months ended September 30, 2017, and 2016, respectively. Amounts also exclude losses related to amortization of deferred debt basis adjustments (FHLB advances) on the de-designated hedge item of $1 million for the three months ended September 30, 2017, and $2 million for the nine months ended September 30, 2017.
(e)
Amounts exclude gains and losses related to the revaluation of the related foreign-denominated debt or receivable. Gains of $3 million and $1 million were recognized for the three months ended September 30, 2017, and 2016, respectively, and gains of $8 million and $4 million were recognized for the nine months ended September 30, 2017, and 2016, respectively.
Derivative Instruments Used in Cash Flow and Net Investment Hedge Accounting Relationships [Table Text Block]
The following table summarizes derivative instruments used in cash flow and net investment hedge accounting relationships.
 
Three months ended September 30,
 
Nine months ended September 30,
($ in millions)
2017
 
2016
 
2017
 
2016
Cash flow hedges
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
Gain recognized in other comprehensive loss
$
2

 
$
—

 
$
2

 
$
—

Net investment hedges
 
 
 
 
 
 
 
Foreign exchange contracts
 
 
 
 
 
 
 
(Loss) gain recognized in other comprehensive loss (a)
$
(6
)
 
$
2

 
$
(12
)
 
$
(4
)
(a)
The 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 $7 million and losses of $2 million for the three months ended September 30, 2017, and 2016, respectively, and gains of $14 million and $9 million for the nine months ended September 30, 2017, and 2016.