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Revenue from Contracts with Customers (Tables)
 9 Months Ended
Sep. 30, 2018
Revenue from Contract with Customer [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The following table presents the impact to our Condensed Consolidated Balance Sheet as of January 1, 2018, as a result of adopting the amendments to the revenue recognition principles.
($ in millions)
 
As reported, December 31, 2017
 
Adjustment related to adoption
 
As adjusted, January 1, 2018
Assets
 
 
 
 
 
 
Premiums receivable and other insurance assets
 
$
2,047

 
$
122

 
$
2,169

Other assets
 
5,663

 
41

 
5,704

Total assets
 
$
167,148

 
$
163

 
$
167,311

Liabilities
 
 
 
 
 
 
Unearned insurance premiums and service revenue
 
$
2,604

 
$
289

 
$
2,893

Total liabilities
 
153,654

 
289

 
153,943

Equity
 
 
 
 
 
 
Accumulated deficit
 
(6,406
)
 
(126
)
 
(6,532
)
Total equity
 
13,494

 
(126
)
 
13,368

Total liabilities and equity
 
$
167,148

 
$
163

 
$
167,311
Impact of ASU 2014-09 on Balance Sheet and Income Statement
The following tables present the impact of adopting the amendments to the revenue recognition principles to our Condensed Consolidated Statement of Comprehensive Income and Condensed Consolidated Balance Sheet.
 
 
Three months ended September 30, 2018
 
Nine months ended September 30, 2018
($ in millions)
 
As reported
 
Effect of adoption
 
As reported
 
Effect of adoption
Other revenue
 
 
 
 
 
 
 
 
Insurance premiums and service revenue earned
 
$
258

 
$
(8
)
 
$
753

 
$
(23
)
Total other revenue
 
398

 
(8
)
 
1,116

 
(23
)
Total net revenue
 
1,505

 
(8
)
 
4,366

 
(23
)
Noninterest expense
 
 
 
 
 
 
 
 
Compensation and benefits expense
 
274

 
—

 
872

 
(2
)
Other operating expenses
 
456

 
(4
)
 
1,347

 
(9
)
Total noninterest expense
 
807

 
(4
)
 
2,460

 
(11
)
Income from continuing operations before income tax expense
 
465

 
(4
)
 
1,254

 
(12
)
Income tax expense from continuing operations
 
91

 
(1
)
 
280

 
(3
)
Net income from continuing operations
 
374

 
(3
)
 
974

 
(9
)
Net income
 
374

 
(3
)
 
973

 
(9
)
Comprehensive income
 
$
241

 
$
(3
)
 
$
442

 
$
(9
)
September 30, 2018 ($ in millions)
 
As reported
 
Effect of adoption
Assets
 
 
 
 
Premiums receivable and other insurance assets
 
$
2,291

 
$
133

Other assets
 
5,796

 
44

Total assets
 
$
173,101

 
$
177

Liabilities
 
 
 
 
Unearned insurance premiums and service revenue
 
$
3,020

 
$
312

Total liabilities
 
160,016

 
312

Equity
 
 
 
 
Accumulated deficit
 
(5,716
)
 
(135
)
Total equity
 
13,085

 
(135
)
Total liabilities and equity
 
$
173,101

 
$
177
Disaggregation of Revenue
The following table presents a disaggregated view of our revenue from contracts with customers included in other revenue that falls within the scope of the amendments to the revenue recognition principles.
Three months ended September 30, 2018 ($ in millions)
 
Automotive Finance operations
 
Insurance operations
 
Mortgage Finance operations
 
Corporate Finance operations
 
Corporate and Other
 
Consolidated
Revenue from contracts with customers
 
 
 
 
 
 
 
 
 
 
 
 
Noninsurance contracts
 
$
—

 
$
129

 
$
—

 
$
—

 
$
—

 
$
129

Remarketing fee income
 
19

 
—

 
—

 
—

 
—

 
19

Brokerage commissions and other revenue
 
—

 
—

 
—

 
—

 
15

 
15

Brokered/agent commissions
 
—

 
3

 
—

 
—

 
—

 
3

Deposit account and other banking fees
 
—

 
—

 
—

 
—

 
3

 
3

Other
 
4

 
—

 
—

 
—

 
—

 
4

Total revenue from contracts with customers
 
23

 
132

 
—

 
—

 
18

 
173

All other revenue
 
57

 
150

 
2

 
14

 
2

 
225

Total other revenue (a)
 
$
80

 
$
282

 
$
2

 
$
14

 
$
20

 
$
398

(a)
Represents a component of total net revenue. Refer to Note 21 for further information on our reportable operating segments.
Nine months ended September 30, 2018 ($ in millions)
 
Automotive Finance operations
 
Insurance operations
 
Mortgage Finance operations
 
Corporate Finance operations
 
Corporate and Other
 
Consolidated
Revenue from contracts with customers
 
 
 
 
 
 
 
 
 
 
 
 
Noninsurance contracts
 
$
—

 
$
377

 
$
—

 
$
—

 
$
—

 
$
377

Remarketing fee income
 
63

 
—

 
—

 
—

 
—

 
63

Brokerage commissions and other revenue
 
—

 
—

 
—

 
—

 
46

 
46

Brokered/agent commissions
 
—

 
11

 
—

 
—

 
—

 
11

Deposit account and other banking fees
 
—

 
—

 
—

 
—

 
9

 
9

Other
 
10

 
1

 
—

 
—

 
—

 
11

Total revenue from contracts with customers
 
73

 
389

 
—

 
—

 
55

 
517

All other revenue
 
136

 
405

 
5

 
36

 
17

 
599

Total other revenue (a)
 
$
209

 
$
794

 
$
5

 
$
36

 
$
72

 
$
1,116

(a)
Represents a component of total net revenue. Refer to Note 21 for further information on our reportable operating segments.
In addition to the components of other revenue presented above, as part of our Automotive Finance operations, we recognized net remarketing gains of $27 million and $61 million for the three months and nine months ended September 30, 2018, respectively, on the sale of off-lease vehicles. These gains are included in depreciation expense on operating lease assets in our Condensed Consolidated Statement of Comprehensive Income.