Parent and Guarantor Condensed Consolidating Financial Statements (Tables)

9 Months Ended

Sep. 30, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Income Statement [Table Text Block]

Condensed Consolidating Statements of Comprehensive Income

Three months ended September 30, 2017 ($ in millions)	Parent			Guarantors			Nonguarantors			Consolidating adjustments			Ally consolidated
Financing revenue and other interest income
Interest and fees on finance receivables and loans	$	13		$	—		$	1,473		$	—		$	1,486
Interest and fees on finance receivables and loans — intercompany	2			—			1			(3		)	—
Interest and dividends on investment securities and other earning assets	—			—			157			—			157
Interest on cash and cash equivalents	2			—			9			—			11
Interest-bearing cash — intercompany	1			—			2			(3		)	—
Operating leases	3			—			431			—			434
Total financing revenue and other interest income	21			—			2,073			(6		)	2,088
Interest expense
Interest on deposits	—			—			286			(1		)	285
Interest on short-term borrowings	16			—			18			—			34
Interest on long-term debt	278			—			138			—			416
Interest on intercompany debt	3			—			2			(5		)	—
Total interest expense	297			—			444			(6		)	735
Net depreciation expense on operating lease assets	3			—			269			—			272
Net financing revenue	(279		)	—			1,360			—			1,081
Cash dividends from subsidiaries
Bank subsidiary	2,900			2,900			—			(5,800		)	—
Nonbank subsidiaries	101			—			—			(101		)	—
Other revenue
Insurance premiums and service revenue earned	—			—			252			—			252
Gain on mortgage and automotive loans, net	9			—			6			—			15
Loss on extinguishment of debt	(1		)	—			(3		)	—			(4		)
Other gain on investments, net	—			—			23			—			23
Other income, net of losses	138			—			199			(242		)	95
Total other revenue	146			—			477			(242		)	381
Total net revenue	2,868			2,900			1,837			(6,143		)	1,462
Provision for loan losses	161			—			153			—			314
Noninterest expense
Compensation and benefits expense	17			—			247			—			264
Insurance losses and loss adjustment expenses	—			—			65			—			65
Other operating expenses	208			—			459			(243		)	424
Total noninterest expense	225			—			771			(243		)	753
Income from continuing operations before income tax (benefit) expense and undistributed (loss) income of subsidiaries	2,482			2,900			913			(5,900		)	395
Income tax (benefit) expense from continuing operations	(135		)	—			250			—			115
Net income from continuing operations	2,617			2,900			663			(5,900		)	280
Income (loss) from discontinued operations, net of tax	4			—			(2		)	—			2
Undistributed (loss) income of subsidiaries
Bank subsidiary	(2,524		)	(2,524		)	—			5,048			—
Nonbank subsidiaries	185			—			—			(185		)	—
Net income	282			376			661			(1,037		)	282
Other comprehensive income, net of tax	48			36			51			(87		)	48
Comprehensive income	$	330		$	412		$	712		$	(1,124	)	$	330

Three months ended September 30, 2016 ($ in millions)	Parent			Guarantors			Nonguarantors			Consolidating adjustments			Ally consolidated
Financing (loss) revenue and other interest income
Interest and fees on finance receivables and loans	$	(15	)	$	—		$	1,322		$	—		$	1,307
Interest and fees on finance receivables and loans — intercompany	2			—			2			(4		)	—
Interest and dividends on investment securities and other earning assets	—			—			102			(1		)	101
Interest on cash and cash equivalents	1			—			2			—			3
Interest-bearing cash — intercompany	—			—			2			(2		)	—
Operating leases	4			—			645			—			649
Total financing (loss) revenue and other interest income	(8		)	—			2,075			(7		)	2,060
Interest expense
Interest on deposits	2			—			210			—			212
Interest on short-term borrowings	10			—			4			—			14
Interest on long-term debt	289			—			141			—			430
Interest on intercompany debt	5			—			2			(7		)	—
Total interest expense	306			—			357			(7		)	656
Net depreciation expense on operating lease assets	3			—			405			—			408
Net financing revenue	(317		)	—			1,313			—			996
Cash dividends from subsidiaries
Nonbank subsidiaries	170			—			—			(170		)	—
Other revenue
Insurance premiums and service revenue earned	—			—			238			—			238
(Loss) gain on mortgage and automotive loans, net	(7		)	—			7			—			—
Other gain on investments, net	—			—			52			—			52
Other income, net of losses	298			—			231			(431		)	98
Total other revenue	291			—			528			(431		)	388
Total net revenue	144			—			1,841			(601		)	1,384
Provision for loan losses	147			—			111			—			258
Noninterest expense
Compensation and benefits expense	143			—			105			—			248
Insurance losses and loss adjustment expenses	—			—			69			—			69
Other operating expenses	307			—			541			(430		)	418
Total noninterest expense	450			—			715			(430		)	735
(Loss) income from continuing operations before income tax (benefit) expense and undistributed income of subsidiaries	(453		)	—			1,015			(171		)	391
Income tax (benefit) expense from continuing operations	(88		)	—			218			—			130
Net (loss) income from continuing operations	(365		)	—			797			(171		)	261
Loss from discontinued operations, net of tax	(47		)	—			(5		)	—			(52		)
Undistributed income of subsidiaries
Bank subsidiary	325			325			—			(650		)	—
Nonbank subsidiaries	296			—			—			(296		)	—
Net income	209			325			792			(1,117		)	209
Other comprehensive loss, net of tax	(4		)	(3		)	(9		)	12			(4		)
Comprehensive income	$	205		$	322		$	783		$	(1,105	)	$	205

Nine months ended September 30, 2017($ in millions)	Parent			Guarantors			Nonguarantors			Consolidating adjustments			Ally consolidated
Financing (loss) revenue and other interest income
Interest and fees on finance receivables and loans	$	(57	)	$	—		$	4,358		$	—		$	4,301
Interest and fees on finance receivables and loans — intercompany	10			—			5			(15		)	—
Interest and dividends on investment securities and other earning assets	—			—			439			(2		)	437
Interest on cash and cash equivalents	6			—			17			—			23
Interest-bearing cash — intercompany	1			—			5			(6		)	—
Operating leases	9			—			1,456			—			1,465
Total financing (loss) revenue and other interest income	(31		)	—			6,280			(23		)	6,226
Interest expense
Interest on deposits	2			—			765			(1		)	766
Interest on short-term borrowings	52			—			42			—			94
Interest on long-term debt	834			—			423			—			1,257
Interest on intercompany debt	12			—			10			(22		)	—
Total interest expense	900			—			1,240			(23		)	2,117
Net depreciation expense on operating lease assets	8			—			974			—			982
Net financing revenue	(939		)	—			4,066			—			3,127
Cash dividends from subsidiaries
Bank subsidiary	2,900			2,900			—			(5,800		)	—
Nonbank subsidiaries	528			—			—			(528		)	—
Other revenue
Insurance premiums and service revenue earned	—			—			720			—			720
Gain on mortgage and automotive loans, net	39			—			26			—			65
Loss on extinguishment of debt	(1		)	—			(5		)	—			(6		)
Other gain on investments, net	—			—			73			—			73
Other income, net of losses	569			—			635			(891		)	313
Total other revenue	607			—			1,449			(891		)	1,165
Total net revenue	3,096			2,900			5,515			(7,219		)	4,292
Provision for loan losses	350			—			504			—			854
Noninterest expense
Compensation and benefits expense	157			—			657			—			814
Insurance losses and loss adjustment expenses	—			—			278			—			278
Other operating expenses	709			—			1,431			(891		)	1,249
Total noninterest expense	866			—			2,366			(891		)	2,341
Income from continuing operations before income tax (benefit) expense and undistributed (loss) income of subsidiaries	1,880			2,900			2,645			(6,328		)	1,097
Income tax (benefit) expense from continuing operations	(362		)	—			712			—			350
Net income from continuing operations	2,242			2,900			1,933			(6,328		)	747
Income (loss) from discontinued operations, net of tax	6			—			(5		)	—			1
Undistributed (loss) income of subsidiaries
Bank subsidiary	(1,760		)	(1,760		)	—			3,520			—
Nonbank subsidiaries	260			—			—			(260		)	—
Net income	748			1,140			1,928			(3,068		)	748
Other comprehensive income, net of tax	144			91			140			(231		)	144
Comprehensive income	$	892		$	1,231		$	2,068		$	(3,299	)	$	892

Nine months ended September 30, 2016 ($ in millions)	Parent			Guarantors			Nonguarantors			Consolidating adjustments			Ally consolidated
Financing (loss) revenue and other interest income
Interest and fees on finance receivables and loans	$	(82	)	$	—		$	3,889		$	—		$	3,807
Interest and fees on finance receivables and loans — intercompany	8			—			6			(14		)	—
Interest and dividends on investment securities and other earning assets	—			—			303			(1		)	302
Interest on cash and cash equivalents	4			—			6			—			10
Interest-bearing cash — intercompany	—			—			7			(7		)	—
Operating leases	14			—			2,105			—			2,119
Total financing (loss) revenue and other interest income	(56		)	—			6,316			(22		)	6,238
Interest expense
Interest on deposits	6			—			602			—			608
Interest on short-term borrowings	31			—			8			—			39
Interest on long-term debt	868			—			440			—			1,308
Interest on intercompany debt	14			—			8			(22		)	—
Total interest expense	919			—			1,058			(22		)	1,955
Net depreciation expense on operating lease assets	11			—			1,341			—			1,352
Net financing revenue	(986		)	—			3,917			—			2,931
Cash dividends from subsidiaries
Nonbank subsidiaries	800			—			—			(800		)	—
Other revenue
Insurance premiums and service revenue earned	—			—			704			—			704
(Loss) gain on mortgage and automotive loans, net	(11		)	—			15			—			4
Loss on extinguishment of debt	(2		)	—			(2		)	—			(4		)
Other gain on investments, net	—			—			145			—			145
Other income, net of losses	989			—			661			(1,361		)	289
Total other revenue	976			—			1,523			(1,361		)	1,138
Total net revenue	790			—			5,440			(2,161		)	4,069
Provision for loan losses	295			—			355			—			650
Noninterest expense
Compensation and benefits expense	430			—			312			—			742
Insurance losses and loss adjustment expenses	—			—			287			—			287
Other operating expenses	963			—			1,586			(1,360		)	1,189
Total noninterest expense	1,393			—			2,185			(1,360		)	2,218
(Loss) income from continuing operations before income tax (benefit) expense and undistributed income (loss) of subsidiaries	(898		)	—			2,900			(801		)	1,201
Income tax (benefit) expense from continuing operations	(196		)	(82		)	614			—			336
Net (loss) income from continuing operations	(702		)	82			2,286			(801		)	865
Loss from discontinued operations, net of tax	(39		)	—			(7		)	—			(46		)
Undistributed income (loss) of subsidiaries
Bank subsidiary	932			932			—			(1,864		)	—
Nonbank subsidiaries	628			(2		)	—			(626		)	—
Net income	819			1,012			2,279			(3,291		)	819
Other comprehensive income, net of tax	262			143			234			(377		)	262
Comprehensive income	$	1,081		$	1,155		$	2,513		$	(3,668	)	$	1,081

Condensed Balance Sheet [Table Text Block]

Condensed Consolidating Balance Sheet

September 30, 2017 ($ in millions)	Parent (a)			Guarantors		Nonguarantors (a)			Consolidating adjustments			Ally consolidated
Assets
Cash and cash equivalents
Noninterest-bearing	$	74		$	—	$	736		$	—		$	810
Interest-bearing	5			—		3,609			—			3,614
Interest-bearing — intercompany	1,495			—		558			(2,053		)	—
Total cash and cash equivalents	1,574			—		4,903			(2,053		)	4,424
Available-for-sale securities	—			—		23,099			—			23,099
Held-to-maturity securities	—			—		1,923			(84		)	1,839
Loans held-for-sale, net	—			—		18			—			18
Finance receivables and loans, net
Finance receivables and loans, net	7,694			—		111,177			—			118,871
Intercompany loans to
Nonbank subsidiaries	788			—		394			(1,182		)	—
Allowance for loan losses	(197		)	—		(1,089		)	—			(1,286		)
Total finance receivables and loans, net	8,285			—		110,482			(1,182		)	117,585
Investment in operating leases, net	23			—		8,908			—			8,931
Intercompany receivables from
Bank subsidiary	59			—		—			(59		)	—
Nonbank subsidiaries	76			—		91			(167		)	—
Investment in subsidiaries
Bank subsidiary	16,383			16,383		—			(32,766		)	—
Nonbank subsidiaries	9,045			—		—			(9,045		)	—
Premiums receivable and other insurance assets	—			—		2,085			(31		)	2,054
Other assets	3,174			—		4,910			(2,021		)	6,063
Total assets	$	38,619		$	16,383	$	156,419		$	(47,408	)	$	164,013
Liabilities
Deposit liabilities
Noninterest-bearing	$	—		$	—	$	129		$	—		$	129
Interest-bearing	14			—		89,973			—			89,987
Interest-bearing — intercompany	—			—		1,495			(1,495		)	—
Total deposit liabilities	14			—		91,597			(1,495		)	90,116
Short-term borrowings	3,379			—		6,796			—			10,175
Long-term debt	19,969			—		25,153			—			45,122
Intercompany debt to
Bank subsidiary	84			—		—			(84		)	—
Nonbank subsidiaries	952			—		788			(1,740		)	—
Intercompany payables to
Nonbank subsidiaries	149			—		108			(257		)	—
Interest payable	278			—		274			—			552
Unearned insurance premiums and service revenue	—			—		2,583			—			2,583
Accrued expenses and other liabilities	221			—		3,692			(2,021		)	1,892
Total liabilities	25,046			—		130,991			(5,597		)	150,440
Total equity	13,573			16,383		25,428			(41,811		)	13,573
Total liabilities and equity	$	38,619		$	16,383	$	156,419		$	(47,408	)	$	164,013

(a) Amounts presented are based upon the legal transfer of the underlying assets to VIEs in order to reflect legal ownership.

December 31, 2016 ($ in millions)	Parent (a)			Guarantors		Nonguarantors (a)			Consolidating adjustments			Ally consolidated
Assets
Cash and cash equivalents
Noninterest-bearing	$	720		$	—	$	827		$	—		$	1,547
Interest-bearing	100			—		4,287			—			4,387
Interest-bearing — intercompany	—			—		401			(401		)	—
Total cash and cash equivalents	820			—		5,515			(401		)	5,934
Trading securities	—			—		82			(82		)	—
Available-for-sale securities	—			—		19,253			(327		)	18,926
Held-to-maturity securities	—			—		839			—			839
Finance receivables and loans, net
Finance receivables and loans, net	4,705			—		114,239			—			118,944
Intercompany loans to
Bank subsidiary	1,125			—		—			(1,125		)	—
Nonbank subsidiaries	1,779			—		626			(2,405		)	—
Allowance for loan losses	(115		)	—		(1,029		)	—			(1,144		)
Total finance receivables and loans, net	7,494			—		113,836			(3,530		)	117,800
Investment in operating leases, net	42			—		11,428			—			11,470
Intercompany receivables from
Bank subsidiary	299			—		—			(299		)	—
Nonbank subsidiaries	107			—		67			(174		)	—
Investment in subsidiaries
Bank subsidiary	17,727			17,727		—			(35,454		)	—
Nonbank subsidiaries	10,318			—		—			(10,318		)	—
Premiums receivable and other insurance assets	—			—		1,936			(31		)	1,905
Other assets	4,347			—		5,085			(2,578		)	6,854
Total assets	$	41,154		$	17,727	$	158,041		$	(53,194	)	$	163,728
Liabilities
Deposit liabilities
Noninterest-bearing	$	—		$	—	$	84		$	—		$	84
Interest-bearing	167			—		78,771			—			78,938
Total deposit liabilities	167			—		78,855			—			79,022
Short-term borrowings	3,622			—		9,051			—			12,673
Long-term debt	21,798			—		32,330			—			54,128
Intercompany debt to
Bank subsidiary	330			—		—			(330		)	—
Nonbank subsidiaries	1,027			—		2,903			(3,930		)	—
Intercompany payables to
Nonbank subsidiaries	153			—		351			(504		)	—
Interest payable	253			—		98			—			351
Unearned insurance premiums and service revenue	—			—		2,500			—			2,500
Accrued expenses and other liabilities	487			—		3,911			(2,661		)	1,737
Total liabilities	27,837			—		129,999			(7,425		)	150,411
Total equity	13,317			17,727		28,042			(45,769		)	13,317
Total liabilities and equity	$	41,154		$	17,727	$	158,041		$	(53,194	)	$	163,728

(a) Amounts presented are based upon the legal transfer of the underlying assets to VIEs in order to reflect legal ownership.

Condensed Cash Flow Statement [Table Text Block]

Condensed Consolidating Statement of Cash Flows

Nine months ended September 30, 2017($ in millions)	Parent			Guarantors			Nonguarantors			Consolidating adjustments			Ally consolidated
Operating activities
Net cash provided by operating activities	$	3,701		$	2,900		$	3,019		$	(6,247	)	$	3,373
Investing activities
Purchases of available-for-sale securities	—			—			(9,022		)	—			(9,022		)
Proceeds from sales of available-for-sale securities	—			—			2,926			—			2,926
Proceeds from maturities and repayments of available-for-sale securities	—			—			2,002			—			2,002
Purchases of held-to-maturity securities	—			—			(709		)	—			(709		)
Proceeds from maturities and repayments of held-to-maturity securities	—			—			32			—			32
Net change in investment securities — intercompany	7			—			281			(288		)	—
Purchases of finance receivables and loans held-for-investment	(35		)	—			(3,090		)	—			(3,125		)
Proceeds from sales of finance receivables and loans originated as held-for-investment	96			—			1,227			—			1,323
Originations and repayments of finance receivables and loans held-for-investment and other, net	259			—			2,718			(1,956		)	1,021
Net change in loans — intercompany	2,159			—			232			(2,391		)	—
Purchases of operating lease assets	—			—			(2,844		)	—			(2,844		)
Disposals of operating lease assets	7			—			4,402			—			4,409
Capital contributions to subsidiaries	(1,200		)	—			—			1,200			—
Returns of contributed capital	1,031			—			—			(1,031		)	—
Net change in restricted cash	(19		)	—			521			(5		)	497
Net change in nonmarketable equity investments	—			—			(20		)	—			(20		)
Other, net	(25		)	—			(43		)	(91		)	(159		)
Net cash provided by (used in) investing activities	2,280			—			(1,387		)	(4,562		)	(3,669		)
Financing activities
Net change in short-term borrowings — third party	(245		)	—			(2,255		)	—			(2,500		)
Net (decrease) increase in deposits	(153		)	—			12,698			(1,495		)	11,050
Proceeds from issuance of long-term debt — third party	355			—			10,986			1,961			13,302
Repayments of long-term debt — third party	(4,125		)	—			(18,251		)	—			(22,376		)
Net change in debt — intercompany	(366		)	—			(2,166		)	2,532			—
Repurchase of common stock	(563		)	—			—			—			(563		)
Dividends paid — third party	(130		)	—			—			—			(130		)
Dividends paid and returns of contributed capital — intercompany	—			(2,900		)	(4,459		)	7,359			—
Capital contributions from parent	—			—			1,200			(1,200		)	—
Net cash used in financing activities	(5,227		)	(2,900		)	(2,247		)	9,157			(1,217		)
Effect of exchange-rate changes on cash and cash equivalents	—			—			3			—			3
Net increase (decrease) in cash and cash equivalents	754			—			(612		)	(1,652		)	(1,510		)
Cash and cash equivalents at beginning of year	820			—			5,515			(401		)	5,934
Cash and cash equivalents at September 30,	$	1,574		$	—		$	4,903		$	(2,053	)	$	4,424

Nine months ended September 30, 2016 ($ in millions)	Parent			Guarantors			Nonguarantors			Consolidating adjustments			Ally consolidated
Operating activities
Net cash provided by operating activities	$	709		$	—		$	3,782		$	(902	)	$	3,589
Investing activities
Purchases of available-for-sale securities	—			—			(11,027		)	—			(11,027		)
Proceeds from sales of available-for-sale securities	—			—			8,546			—			8,546
Proceeds from maturities and repayments of available-for-sale securities	—			—			2,411			—			2,411
Purchases of held-to-maturity securities	—			—			(650		)	—			(650		)
Purchases of finance receivables and loans held-for-investment	—			—			(2,924		)	—			(2,924		)
Proceeds from sales of finance receivables and loans originated as held-for-investment	—			—			4,221			—			4,221
Originations and repayments of finance receivables and loans held-for-investment and other, net	934			—			(6,318		)	—			(5,384		)
Net change in loans — intercompany	1,788			—			(41		)	(1,747		)	—
Purchases of operating lease assets	—			—			(2,360		)	—			(2,360		)
Disposals of operating lease assets	16			—			4,615			—			4,631
Acquisitions, net of cash acquired	(309		)	—			—			—			(309		)
Capital contributions to subsidiaries	(3,112		)	—			—			3,112			—
Returns of contributed capital	2,168			8			—			(2,176		)	—
Net change in restricted cash	(136		)	—			758						622
Net change in nonmarketable equity investments	—			—			(401		)	—			(401		)
Other, net	(156		)	—			(103		)	102			(157		)
Net cash provided by (used in) investing activities	1,193			8			(3,273		)	(709		)	(2,781		)
Financing activities
Net change in short-term borrowings — third party	72			—			(1,745		)	—			(1,673		)
Net (decrease) increase in deposits	(36		)	—			9,276			—			9,240
Proceeds from issuance of long-term debt — third party	1,084			—			10,145			—			11,229
Repayments of long-term debt — third party	(2,279		)	—			(18,479		)	—			(20,758		)
Net change in debt — intercompany	(30		)	—			(1,788		)	1,818			—
Redemption of preferred stock	(696		)	—			—			—			(696		)
Repurchase of common stock	(173		)	—			—			—			(173		)
Dividends paid — third party	(70		)	—			—			—			(70		)
Dividends paid and returns of contributed capital — intercompany	—			(8		)	(2,968		)	2,976			—
Capital contributions from parent	—			—			3,112			(3,112		)	—
Net cash used in financing activities	(2,128		)	(8		)	(2,447		)	1,682			(2,901		)
Effect of exchange-rate changes on cash and cash equivalents	—			—			2			—			2
Net decrease in cash and cash equivalents	(226		)	—			(1,936		)	71			(2,091		)
Cash and cash equivalents at beginning of year	1,635			—			5,595			(850		)	6,380
Cash and cash equivalents at September 30,	$	1,409		$	—		$	3,659		$	(779	)	$	4,289