Parent and Guarantor Condensed Consolidating Financial Statements (Tables)

3 Months Ended

Mar. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Income Statement [Table Text Block]

Condensed Consolidating Statements of Comprehensive Income

Three months ended March 31, 2018($ in millions)	Parent			Guarantors			Nonguarantors			Consolidating adjustments			Ally consolidated
Financing revenue and other interest income
Interest and fees on finance receivables and loans	$	11		$	—		$	1,532		$	—		$	1,543
Interest and fees on finance receivables and loans — intercompany	2			—			1			(3		)	—
Interest and dividends on investment securities and other earning assets	—			—			176			—			176
Interest on cash and cash equivalents	2			—			14			(1		)	15
Interest-bearing cash — intercompany	2			—			2			(4		)	—
Operating leases	2			—			380			—			382
Total financing revenue and other interest income	19			—			2,105			(8		)	2,116
Interest expense
Interest on deposits	—			—			354			(3		)	351
Interest on short-term borrowings	10			—			22			—			32
Interest on long-term debt	258			—			153			—			411
Interest on intercompany debt	3			—			2			(5		)	—
Total interest expense	271			—			531			(8		)	794
Net depreciation expense on operating lease assets	4			—			269			—			273
Net financing revenue	(256		)	—			1,305			—			1,049
Cash dividends from subsidiaries
Bank subsidiary	1,000			1,000			—			(2,000		)	—
Nonbank subsidiaries	169			—			—			(169		)	—
Other revenue
Insurance premiums and service revenue earned	—			—			256			—			256
Gain on mortgage and automotive loans, net	28			—			1			(28		)	1
Other loss on investments, net	—			—			(12		)	—			(12		)
Other income, net of losses	96			—			221			(208		)	109
Total other revenue	124			—			466			(236		)	354
Total net revenue	1,037			1,000			1,771			(2,405		)	1,403
Provision for loan losses	81			—			208			(28		)	261
Noninterest expense
Compensation and benefits expense	23			—			283			—			306
Insurance losses and loss adjustment expenses	—			—			63			—			63
Other operating expenses	182			—			471			(208		)	445
Total noninterest expense	205			—			817			(208		)	814
Income from continuing operations before income tax (benefit) expense and undistributed (loss) income of subsidiaries	751			1,000			746			(2,169		)	328
Income tax (benefit) expense from continuing operations	(56		)	—			132			—			76
Net income from continuing operations	807			1,000			614			(2,169		)	252
Loss from discontinued operations, net of tax	(1		)	—			(1		)	—			(2		)
Undistributed (loss) income of subsidiaries
Bank subsidiary	(597		)	(597		)	—			1,194			—
Nonbank subsidiaries	41			—			—			(41		)	—
Net income	250			403			613			(1,016		)	250
Other comprehensive loss, net of tax	(328		)	(276		)	(339		)	615			(328		)
Comprehensive (loss) income	$	(78	)	$	127		$	274		$	(401	)	$	(78	)

Three months ended March 31, 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	$	(35	)	$	—	$	1,403		$	—		$	1,368
Interest and fees on finance receivables and loans — intercompany	4			—		3			(7		)	—
Interest and dividends on investment securities and other earning assets	—			—		135			(1		)	134
Interest on cash and cash equivalents	2			—		3			—			5
Interest-bearing cash — intercompany	—			—		1			(1		)	—
Operating leases	3			—		540			—			543
Total financing (loss) revenue and other interest income	(26		)	—		2,085			(9		)	2,050
Interest expense
Interest on deposits	1			—		230			—			231
Interest on short-term borrowings	17			—		10			—			27
Interest on long-term debt	281			—		143			—			424
Interest on intercompany debt	4			—		4			(8		)	—
Total interest expense	303			—		387			(8		)	682
Net depreciation expense on operating lease assets	2			—		387			—			389
Net financing revenue	(331		)	—		1,311			(1		)	979
Cash dividends from subsidiaries
Nonbank subsidiaries	41			—		—			(41		)	—
Other revenue
Insurance premiums and service revenue earned	—			—		241			—			241
(Loss) gain on mortgage and automotive loans, net	(2		)	—		16			—			14
Other gain on investments, net	—			—		27			—			27
Other income, net of losses	268			—		223			(377		)	114
Total other revenue	266			—		507			(377		)	396
Total net revenue	(24		)	—		1,818			(419		)	1,375
Provision for loan losses	107			—		164			—			271
Noninterest expense
Compensation and benefits expense	122			—		163			—			285
Insurance losses and loss adjustment expenses	—			—		88			—			88
Other operating expenses	288			—		494			(377		)	405
Total noninterest expense	410			—		745			(377		)	778
(Loss) income from continuing operations before income tax (benefit) expense and undistributed income of subsidiaries	(541		)	—		909			(42		)	326
Income tax (benefit) expense from continuing operations	(134		)	—		247			—			113
Net (loss) income from continuing operations	(407		)	—		662			(42		)	213
Income (loss) from discontinued operations, net of tax	2			—		(1		)	—			1
Undistributed income of subsidiaries
Bank subsidiary	389			389		—			(778		)	—
Nonbank subsidiaries	230			—		—			(230		)	—
Net income	214			389		661			(1,050		)	214
Other comprehensive income, net of tax	20			5		19			(24		)	20
Comprehensive income	$	234		$	394	$	680		$	(1,074	)	$	234

Condensed Balance Sheet [Table Text Block]

Condensed Consolidating Balance Sheet

March 31, 2018($ in millions)	Parent (a)			Guarantors		Nonguarantors (a)			Consolidating adjustments			Ally consolidated
Assets
Cash and cash equivalents
Noninterest-bearing	$	56		$	—	$	712		$	—		$	768
Interest-bearing	5			—		2,948			—			2,953
Interest-bearing — intercompany	735			—		577			(1,312		)	—
Total cash and cash equivalents	796			—		4,237			(1,312		)	3,721
Equity securities	—			—		680			—			680
Available-for-sale securities	—			—		22,726			—			22,726
Held-to-maturity securities	—			—		2,033			(66		)	1,967
Loans held-for-sale, net	—			—		126			—			126
Finance receivables and loans, net
Finance receivables and loans, net	6,443			—		118,884			—			125,327
Intercompany loans to
Nonbank subsidiaries	1,311			—		415			(1,726		)	—
Allowance for loan losses	(145		)	—		(1,133		)	—			(1,278		)
Total finance receivables and loans, net	7,609			—		118,166			(1,726		)	124,049
Investment in operating leases, net	14			—		8,516			—			8,530
Intercompany receivables from
Bank subsidiary	86			—		—			(86		)	—
Nonbank subsidiaries	41			—		61			(102		)	—
Investment in subsidiaries
Bank subsidiary	16,163			16,163		—			(32,326		)	—
Nonbank subsidiaries	7,520			—		—			(7,520		)	—
Premiums receivable and other insurance assets	—			—		2,197			—			2,197
Other assets	2,221			—		5,072			(1,268		)	6,025
Total assets	$	34,450		$	16,163	$	163,814		$	(44,406	)	$	170,021
Liabilities
Deposit liabilities
Noninterest-bearing	$	—		$	—	$	122		$	—		$	122
Interest-bearing	6			—		97,318			—			97,324
Interest-bearing — intercompany	—			—		735			(735		)	—
Total deposit liabilities	6			—		98,175			(735		)	97,446
Short-term borrowings	2,957			—		6,607			—			9,564
Long-term debt	16,808			—		28,268			—			45,076
Intercompany debt to
Bank subsidiary	65			—		—			(65		)	—
Nonbank subsidiaries	992			—		1,311			(2,303		)	—
Intercompany payables to
Nonbank subsidiaries	115			—		106			(221		)	—
Interest payable	209			—		285			—			494
Unearned insurance premiums and service revenue	—			—		2,904			—			2,904
Accrued expenses and other liabilities	216			—		2,473			(1,234		)	1,455
Total liabilities	21,368			—		140,129			(4,558		)	156,939
Total equity	13,082			16,163		23,685			(39,848		)	13,082
Total liabilities and equity	$	34,450		$	16,163	$	163,814		$	(44,406	)	$	170,021

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

December 31, 2017 ($ in millions)	Parent (a)			Guarantors		Nonguarantors (a)			Consolidating adjustments			Ally consolidated
Assets
Cash and cash equivalents
Noninterest-bearing	$	74		$	—	$	770		$	—		$	844
Interest-bearing	5			—		3,403			—			3,408
Interest-bearing — intercompany	1,138			—		695			(1,833		)	—
Total cash and cash equivalents	1,217			—		4,868			(1,833		)	4,252
Equity securities	—			—		518			—			518
Available-for-sale securities	—			—		22,303			—			22,303
Held-to-maturity securities	—			—		1,973			(74		)	1,899
Loans held-for-sale, net	—			—		108			—			108
Finance receivables and loans, net
Finance receivables and loans, net	7,434			—		115,459			—			122,893
Intercompany loans to
Nonbank subsidiaries	879			—		408			(1,287		)	—
Allowance for loan losses	(185		)	—		(1,091		)	—			(1,276		)
Total finance receivables and loans, net	8,128			—		114,776			(1,287		)	121,617
Investment in operating leases, net	19			—		8,722			—			8,741
Intercompany receivables from
Bank subsidiary	80			—		—			(80		)	—
Nonbank subsidiaries	71			—		77			(148		)	—
Investment in subsidiaries
Bank subsidiary	16,962			16,962		—			(33,924		)	—
Nonbank subsidiaries	8,111			—		—			(8,111		)	—
Premiums receivable and other insurance assets	—			—		2,082			(35		)	2,047
Other assets	2,207			—		5,105			(1,649		)	5,663
Total assets	$	36,795		$	16,962	$	160,532		$	(47,141	)	$	167,148
Liabilities
Deposit liabilities
Noninterest-bearing	$	—		$	—	$	108		$	—		$	108
Interest-bearing	12			—		93,136			—			93,148
Interest-bearing — intercompany	—			—		1,139			(1,139		)	—
Total deposit liabilities	12			—		94,383			(1,139		)	93,256
Short-term borrowings	3,171			—		8,242			—			11,413
Long-term debt	17,966			—		26,260			—			44,226
Intercompany debt to
Bank subsidiary	74			—		—			(74		)	—
Nonbank subsidiaries	1,103			—		879			(1,982		)	—
Intercompany payables to
Bank subsidiary	4			—		—			(4		)	—
Nonbank subsidiaries	132			—		127			(259		)	—
Interest payable	200			—		175			—			375
Unearned insurance premiums and service revenue	—			—		2,604			—			2,604
Accrued expenses and other liabilities	639			—		2,790			(1,649		)	1,780
Total liabilities	23,301			—		135,460			(5,107		)	153,654
Total equity	13,494			16,962		25,072			(42,034		)	13,494
Total liabilities and equity	$	36,795		$	16,962	$	160,532		$	(47,141	)	$	167,148

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

Parent Guarantor Consolidating Statement of Cash Flows [Table Text Block]

Condensed Consolidating Statement of Cash Flows

Three months ended March 31, 2018($ in millions)	Parent			Guarantors			Nonguarantors			Consolidating adjustments			Ally consolidated
Operating activities
Net cash provided by operating activities	$	456		$	1,000		$	1,812		$	(2,171	)	$	1,097
Investing activities
Purchases of equity securities	—			—			(374		)	—			(374		)
Proceeds from sales of equity securities	—			—			220			—			220
Purchases of available-for-sale securities	—			—			(2,360		)	—			(2,360		)
Proceeds from sales of available-for-sale securities	—			—			328			—			328
Proceeds from repayments of available-for-sale securities	—			—			795			—			795
Purchases of held-to-maturity securities	—			—			(155		)	—			(155		)
Proceeds from repayments of held-to-maturity securities	—			—			35			—			35
Net change in investment securities — intercompany	—			—			9			(9		)	—
Purchases of finance receivables and loans held-for-investment	—			—			(2,317		)	820			(1,497		)
Proceeds from sales of finance receivables and loans initially held-for-investment	820			—			—			(820		)	—
Originations and repayments of finance receivables and loans held-for-investment and other, net	432			—			(1,732		)	—			(1,300		)
Net change in loans — intercompany	(423		)	—			1			422			—
Purchases of operating lease assets	—			—			(969		)	—			(969		)
Disposals of operating lease assets	4			—			972			—			976
Capital contributions to subsidiaries	(49		)	(6		)	—			55			—
Returns of contributed capital	38			—			—			(38		)	—
Net change in nonmarketable equity investments	—			—			(19		)	—			(19		)
Other, net	(3		)	—			(80		)	1			(82		)
Net cash provided by (used in) investing activities	819			(6		)	(5,646		)	431			(4,402		)
Financing activities
Net change in short-term borrowings — third party	(214		)	—			(1,634		)	—			(1,848		)
Net (decrease) increase in deposits	(6		)	—			3,776			403			4,173
Proceeds from issuance of long-term debt — third party	15			—			6,650			—			6,665
Repayments of long-term debt — third party	(1,152		)	—			(4,619		)	—			(5,771		)
Net change in debt — intercompany	(127		)	—			422			(295		)	—
Repurchase of common stock	(185		)	—			—			—			(185		)
Dividends paid — third party	(58		)	—			—			—			(58		)
Dividends paid and returns of contributed capital — intercompany	—			(1,000		)	(1,208		)	2,208			—
Capital contributions from parent	—			6			49			(55		)	—
Net cash (used in) provided by financing activities	(1,727		)	(994		)	3,436			2,261			2,976
Effect of exchange-rate changes on cash and cash equivalents	—			—			(2		)	—			(2		)
Net decrease in cash and cash equivalents and restricted cash	(452		)	—			(400		)	521			(331		)
Cash and cash equivalents and restricted cash at beginning of year	1,395			—			5,707			(1,833		)	5,269
Cash and cash equivalents and restricted cash at March 31,	$	943		$	—		$	5,307		$	(1,312	)	$	4,938

The following table provides a reconciliation of cash and cash equivalents and restricted cash from the Condensed Consolidated Balance Sheet to the Condensed Consolidated Statement of Cash Flows.

March 31, 2018($ in millions)	Parent		Guarantors		Nonguarantors		Consolidating adjustments			Ally consolidated
Cash and cash equivalents as disclosed on the Condensed Consolidated Balance Sheet	$	796	$	—	$	4,237	$	(1,312	)	$	3,721
Restricted cash included in other assets on the Condensed Consolidated Balance Sheet (a)	147		—		1,070		—			1,217
Total cash and cash equivalents and restricted cash as disclosed in the Condensed Consolidated Statement of Cash Flows	$	943	$	—	$	5,307	$	(1,312	)	$	4,938

(a) Restricted cash balances relate primarily to Ally securitization arrangements. Refer toNote 11for additional details describing the nature of restricted cash balances.

Three months ended March 31, 2017 ($ in millions)	Parent			Guarantors		Nonguarantors			Consolidating adjustments			Ally consolidated
Operating activities
Net cash (used in) provided by operating activities	$	(149	)	$	—	$	1,284		$	40		$	1,175
Investing activities
Purchases of equity securities	—			—		(137		)	—			(137		)
Proceeds from sales of equity securities	—			—		314			—			314
Purchases of available-for-sale securities	—			—		(2,696		)	—			(2,696		)
Proceeds from sales of available-for-sale securities	—			—		731			—			731
Proceeds from repayments of available-for-sale securities	—			—		589			—			589
Purchases of held-to-maturity securities	—			—		(215		)	—			(215		)
Proceeds from repayments of held-to-maturity securities	—			—		5			—			5
Net change in investment securities — intercompany	1			—		261			(262		)	—
Purchases of finance receivables and loans held-for-investment	(15		)	—		(390		)	—			(405		)
Proceeds from sales of finance receivables and loans initially held-for-investment	—			—		1,164			—			1,164
Originations and repayments of finance receivables and loans held-for-investment and other, net	931			—		(1,145		)	(960		)	(1,174		)
Net change in loans — intercompany	1,146			—		170			(1,316		)	—
Purchases of operating lease assets	—			—		(893		)	—			(893		)
Disposals of operating lease assets	1			—		1,544			—			1,545
Capital contributions to subsidiaries	(83		)	—		—			83			—
Returns of contributed capital	645			—		—			(645		)	—
Net change in nonmarketable equity investments	—			—		213			—			213
Other, net	(26		)	—		64			(94		)	(56		)
Net cash provided by (used in) investing activities	2,600			—		(421		)	(3,194		)	(1,015		)
Financing activities
Net change in short-term borrowings — third party	1,278			—		(5,581		)	—			(4,303		)
Net (decrease) increase in deposits	(82		)	—		5,533			—			5,451
Proceeds from issuance of long-term debt — third party	330			—		3,196			962			4,488
Repayments of long-term debt — third party	(2,870		)	—		(4,703		)	—			(7,573		)
Net change in debt — intercompany	(203		)	—		(1,146		)	1,349			—
Repurchase of common stock	(169		)	—		—			—			(169		)
Dividends paid — third party	(38		)	—		—			—			(38		)
Dividends paid and returns of contributed capital — intercompany	—			—		(686		)	686			—
Capital contributions from parent	—			—		83			(83		)	—
Net cash used in financing activities	(1,754		)	—		(3,304		)	2,914			(2,144		)
Effect of exchange-rate changes on cash and cash equivalents	—			—		—			—			—
Net increase (decrease) in cash and cash equivalents and restricted cash	697			—		(2,441		)	(240		)	(1,984		)
Cash and cash equivalents and restricted cash at beginning of year	989			—		7,293			(401		)	7,881
Cash and cash equivalents and restricted cash at March 31,	$	1,686		$	—	$	4,852		$	(641	)	$	5,897

The following table provides a reconciliation of cash and cash equivalents and restricted cash from the Condensed Consolidated Balance Sheet to the Condensed Consolidated Statement of Cash Flows.

March 31, 2017 ($ in millions)	Parent		Guarantors		Nonguarantors		Consolidating adjustments			Ally consolidated
Cash and cash equivalents as disclosed on the Condensed Consolidated Balance Sheet	$	1,490	$	—	$	3,453	$	(641	)	$	4,302
Restricted cash included in other assets on the Condensed Consolidated Balance Sheet (a)	196		—		1,399		—			1,595
Total cash and cash equivalents and restricted cash as disclosed in the Condensed Consolidated Statement of Cash Flows	$	1,686	$	—	$	4,852	$	(641	)	$	5,897

(a) Restricted cash balances relate primarily to Ally securitization arrangements. Refer toNote 11for additional details describing the nature of restricted cash balances.