Parent and Guarantor Condensed Consolidating Financial Statements

6 Months Ended

Jun. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Financial Statements

Parent and Guarantor Condensed Consolidating Financial Statements

Certain of our senior notes issued by the parent are guaranteed by 100% directly owned subsidiaries of Ally (the Guarantors). As of June 30, 2019, the Guarantors include Ally US LLC and IB Finance Holding Company, LLC (IB Finance), each of which fully and unconditionally guarantee the senior notes on a joint and several basis.

The following financial statements present condensed consolidating financial data for (i) Ally Financial Inc. (on a parent company-only basis); (ii) the Guarantors; (iii) the nonguarantor subsidiaries (all other subsidiaries); and (iv) a column for adjustments to arrive at (v) the information for the parent company, the Guarantors, and nonguarantors on a consolidated basis.

Investment in subsidiaries is accounted for by the parent company and the Guarantors using the equity method for this presentation. Results of operations of subsidiaries are therefore classified in the parent company’s and Guarantors’ investment in subsidiaries accounts. The elimination entries set forth in the following condensed consolidating financial statements eliminate distributed and undistributed income of subsidiaries, investment in subsidiaries, and intercompany balances and transactions between the parent, the Guarantors, and nonguarantors.

Condensed Consolidating Statements of Comprehensive Income

Three months ended June 30, 2019 ($ in millions)	Parent			Guarantors		Nonguarantors		Consolidating adjustments			Ally consolidated
Financing revenue and other interest income
Interest and fees on finance receivables and loans	$	(60	)	$	—	$	1,923	$	(3	)	$	1,860
Interest and fees on finance receivables and loans — intercompany	3			—		1		(4		)	—
Interest on loans held-for-sale	—			—		3		—			3
Interest and dividends on investment securities and other earning assets	—			—		244		—			244
Interest on cash and cash equivalents	4			—		17		—			21
Interest-bearing cash — intercompany	3			—		5		(8		)	—
Operating leases	(1		)	—		364		—			363
Total financing (loss) revenue and other interest income	(51		)	—		2,557		(15		)	2,491
Interest expense
Interest on deposits	—			—		651		—			651
Interest on short-term borrowings	13			—		24		—			37
Interest on long-term debt	212			—		195		—			407
Interest on intercompany debt	6			—		6		(12		)	—
Total interest expense	231			—		876		(12		)	1,095
Net depreciation expense on operating lease assets	1			—		238		—			239
Net financing (loss) revenue	(283		)	—		1,443		(3		)	1,157
Cash dividends from subsidiaries
Bank subsidiary	500			500		—		(1,000		)	—
Nonbank subsidiaries	94			—		—		(94		)	—
Other revenue
Insurance premiums and service revenue earned	—			—		261		—			261
(Loss) gain on mortgage and automotive loans, net	(1		)	—		3		—			2
Other gain on investments, net	—			—		39		—			39
Other income, net of losses	91			—		145		(143		)	93
Total other revenue	90			—		448		(143		)	395
Total net revenue	401			500		1,891		(1,240		)	1,552
Provision for loan losses	5			—		173		(1		)	177
Noninterest expense
Compensation and benefits expense	9			—		287		—			296
Insurance losses and loss adjustment expenses	—			—		127		—			127
Other operating expenses	159			—		442		(143		)	458
Total noninterest expense	168			—		856		(143		)	881
Income from continuing operations before income tax (benefit) expense and undistributed income (loss) of subsidiaries	228			500		862		(1,096		)	494
Income tax (benefit) expense from continuing operations	(289		)	—		199		—			(90		)
Net income from continuing operations	517			500		663		(1,096		)	584
Loss from discontinued operations, net of tax	(2		)	—		—		—			(2		)
Undistributed income (loss) of subsidiaries
Bank subsidiary	110			110		—		(220		)	—
Nonbank subsidiaries	(43		)	—		—		43			—
Net income	582			610		663		(1,273		)	582
Other comprehensive income, net of tax	309			237		311		(548		)	309
Comprehensive income	$	891		$	847	$	974	$	(1,821	)	$	891

Three months ended June 30, 2018 ($ in millions)	Parent			Guarantors			Nonguarantors			Consolidating adjustments			Ally consolidated
Financing revenue and other interest income
Interest and fees on finance receivables and loans	$	(1	)	$	—		$	1,648		$	—		$	1,647
Interest and fees on finance receivables and loans — intercompany	4			—			1			(5		)	—
Interest on loans held-for-sale	—			—			6			—			6
Interest and dividends on investment securities and other earning assets	—			—			188			—			188
Interest on cash and cash equivalents	2			—			14			1			17
Interest-bearing cash — intercompany	2			—			2			(4		)	—
Operating leases	1			—			373			—			374
Total financing revenue and other interest income	8			—			2,232			(8		)	2,232
Interest expense
Interest on deposits	—			—			395			4			399
Interest on short-term borrowings	10			—			30			—			40
Interest on long-term debt	257			—			177			—			434
Interest on intercompany debt	4			—			8			(12		)	—
Total interest expense	271			—			610			(8		)	873
Net depreciation expense on operating lease assets	1			—			264			—			265
Net financing (loss) revenue	(264		)	—			1,358			—			1,094
Cash dividends from subsidiaries
Bank subsidiary	500			500			—			(1,000		)	—
Nonbank subsidiaries	132			—			—			(132		)	—
Other revenue
Insurance premiums and service revenue earned	—			—			239			—			239
Gain on mortgage and automotive loans, net	—			—			1			—			1
Other gain on investments, net	—			—			27			—			27
Other income, net of losses	100			—			185			(188		)	97
Total other revenue	100			—			452			(188		)	364
Total net revenue	468			500			1,810			(1,320		)	1,458
Provision for loan losses	32			—			126			—			158
Noninterest expense
Compensation and benefits expense	25			—			267			—			292
Insurance losses and loss adjustment expenses	—			—			101			—			101
Other operating expenses	173			—			461			(188		)	446
Total noninterest expense	198			—			829			(188		)	839
Income from continuing operations before income tax (benefit) expense and undistributed income (loss) of subsidiaries	238			500			855			(1,132		)	461
Income tax (benefit) expense from continuing operations	(66		)	—			179			—			113
Net income from continuing operations	304			500			676			(1,132		)	348
(Loss) income from discontinued operations, net of tax	(1		)	—			2			—			1
Undistributed income (loss) of subsidiaries
Bank subsidiary	52			52			—			(104		)	—
Nonbank subsidiaries	(6		)	—			—			6			—
Net income	349			552			678			(1,230		)	349
Other comprehensive loss, net of tax	(70		)	(56		)	(74		)	130			(70		)
Comprehensive income	$	279		$	496		$	604		$	(1,100	)	$	279

Six months ended June 30, 2019 ($ in millions)	Parent			Guarantors		Nonguarantors		Consolidating adjustments			Ally consolidated
Financing revenue and other interest income
Interest and fees on finance receivables and loans	$	(120	)	$	—	$	3,790	$	(3	)	$	3,667
Interest and fees on finance receivables and loans — intercompany	6			—		3		(9		)	—
Interest on loans held-for-sale	—			—		5		—			5
Interest and dividends on investment securities and other earning assets	—			—		484		—			484
Interest on cash and cash equivalents	6			—		38		—			44
Interest-bearing cash — intercompany	5			—		8		(13		)	—
Operating leases	1			—		723		—			724
Total financing (loss) revenue and other interest income	(102		)	—		5,051		(25		)	4,924
Interest expense
Interest on deposits	—			—		1,243		—			1,243
Interest on short-term borrowings	26			—		55		—			81
Interest on long-term debt	423			—		403		—			826
Interest on intercompany debt	11			—		11		(22		)	—
Total interest expense	460			—		1,712		(22		)	2,150
Net depreciation expense on operating lease assets	2			—		483		—			485
Net financing (loss) revenue	(564		)	—		2,856		(3		)	2,289
Cash dividends from subsidiaries
Bank subsidiary	900			900		—		(1,800		)	—
Nonbank subsidiaries	136			—		—		(136		)	—
Other revenue
Insurance premiums and service revenue earned	—			—		522		—			522
Gain on mortgage and automotive loans, net	3			—		9		—			12
Other gain on investments, net	—			—		147		—			147
Other income, net of losses	194			—		289		(303		)	180
Total other revenue	197			—		967		(303		)	861
Total net revenue	669			900		3,823		(2,242		)	3,150
Provision for loan losses	32			—		445		(18		)	459
Noninterest expense
Compensation and benefits expense	21			—		593		—			614
Insurance losses and loss adjustment expenses	—			—		186		—			186
Other operating expenses	314			—		900		(303		)	911
Total noninterest expense	335			—		1,679		(303		)	1,711
Income from continuing operations before income tax (benefit) expense and undistributed income of subsidiaries	302			900		1,699		(1,921		)	980
Income tax (benefit) expense from continuing operations	(350		)	—		371		—			21
Net income from continuing operations	652			900		1,328		(1,921		)	959
Loss from discontinued operations, net of tax	(3		)	—		—		—			(3		)
Undistributed income of subsidiaries
Bank subsidiary	167			167		—		(334		)	—
Nonbank subsidiaries	140			—		—		(140		)	—
Net income	956			1,067		1,328		(2,395		)	956
Other comprehensive income, net of tax	615			466		631		(1,097		)	615
Comprehensive income	$	1,571		$	1,533	$	1,959	$	(3,492	)	$	1,571

Six months ended June 30, 2018 ($ in millions)	Parent			Guarantors			Nonguarantors			Consolidating adjustments			Ally consolidated
Financing revenue and other interest income
Interest and fees on finance receivables and loans	$	10		$	—		$	3,180		$	—		$	3,190
Interest and fees on finance receivables and loans — intercompany	6			—			2			(8		)	—
Interest on loans held-for-sale	—			—			6			—			6
Interest and dividends on investment securities and other earning assets	—			—			365			(1		)	364
Interest on cash and cash equivalents	4			—			28			—			32
Interest-bearing cash — intercompany	4			—			4			(8		)	—
Operating leases	3			—			753			—			756
Total financing revenue and other interest income	27			—			4,338			(17		)	4,348
Interest expense
Interest on deposits	—			—			750			—			750
Interest on short-term borrowings	20			—			52			—			72
Interest on long-term debt	515			—			330			—			845
Interest on intercompany debt	7			—			10			(17		)	—
Total interest expense	542			—			1,142			(17		)	1,667
Net depreciation expense on operating lease assets	5			—			533			—			538
Net financing (loss) revenue	(520		)	—			2,663			—			2,143
Cash dividends from subsidiaries
Bank subsidiary	1,500			1,500			—			(3,000		)	—
Nonbank subsidiaries	301			—			—			(301		)	—
Other revenue
Insurance premiums and service revenue earned	—			—			495			—			495
Gain on mortgage and automotive loans, net	28			—			2			(28		)	2
Other gain on investments, net	—			—			15			—			15
Other income, net of losses	196			—			406			(396		)	206
Total other revenue	224			—			918			(424		)	718
Total net revenue	1,505			1,500			3,581			(3,725		)	2,861
Provision for loan losses	113			—			334			(28		)	419
Noninterest expense
Compensation and benefits expense	48			—			550			—			598
Insurance losses and loss adjustment expenses	—			—			164			—			164
Other operating expenses	355			—			932			(396		)	891
Total noninterest expense	403			—			1,646			(396		)	1,653
Income from continuing operations before income tax (benefit) expense and undistributed (loss) income of subsidiaries	989			1,500			1,601			(3,301		)	789
Income tax (benefit) expense from continuing operations	(122		)	—			311			—			189
Net income from continuing operations	1,111			1,500			1,290			(3,301		)	600
(Loss) income from discontinued operations, net of tax	(2		)	—			1			—			(1		)
Undistributed (loss) income of subsidiaries
Bank subsidiary	(545		)	(545		)	—			1,090			—
Nonbank subsidiaries	35			—			—			(35		)	—
Net income	599			955			1,291			(2,246		)	599
Other comprehensive loss, net of tax	(398		)	(332		)	(413		)	745			(398		)
Comprehensive income	$	201		$	623		$	878		$	(1,501	)	$	201

Condensed Consolidating Balance Sheet

June 30, 2019 ($ in millions)	Parent			Guarantors		Nonguarantors			Consolidating adjustments			Ally consolidated
Assets
Cash and cash equivalents
Noninterest-bearing	$	44		$	—	$	615		$	—		$	659
Interest-bearing	6			—		2,898			—			2,904
Interest-bearing — intercompany	1,242			—		745			(1,987		)	—
Total cash and cash equivalents	1,292			—		4,258			(1,987		)	3,563
Equity securities	—			—		591			—			591
Available-for-sale securities	—			—		28,688			—			28,688
Held-to-maturity securities	—			—		2,475			(14		)	2,461
Loans held-for-sale, net	—			—		275			—			275
Finance receivables and loans, net
Finance receivables and loans, net	2,292			—		126,904			14			129,210
Intercompany loans to
Nonbank subsidiaries	663			—		102			(765		)	—
Allowance for loan losses	(34		)	—		(1,248		)	—			(1,282		)
Total finance receivables and loans, net	2,921			—		125,758			(751		)	127,928
Investment in operating leases, net	2			—		8,405			—			8,407
Intercompany receivables from
Bank subsidiary	105			—		—			(105		)	—
Nonbank subsidiaries	40			—		115			(155		)	—
Investment in subsidiaries
Bank subsidiary	16,865			16,865		—			(33,730		)	—
Nonbank subsidiaries	7,096			—		—			(7,096		)	—
Premiums receivable and other insurance assets	—			—		2,460			—			2,460
Other assets	2,339			—		5,475			(1,739		)	6,075
Total assets	$	30,660		$	16,865	$	178,500		$	(45,577	)	$	180,448
Liabilities and equity
Deposit liabilities
Noninterest-bearing	$	—		$	—	$	162		$	—		$	162
Interest-bearing	1			—		116,162			—			116,163
Interest-bearing — intercompany	—			—		1,242			(1,242		)	—
Total deposit liabilities	1			—		117,566			(1,242		)	116,325
Short-term borrowings	2,462			—		4,057			—			6,519
Long-term debt	12,447			—		25,019			—			37,466
Intercompany debt to
Bank subsidiary	14			—		—			(14		)	—
Nonbank subsidiaries	847			—		663			(1,510		)	—
Intercompany payables to
Bank subsidiary	51			—		—			(51		)	—
Nonbank subsidiaries	108			—		107			(215		)	—
Interest payable	150			—		594			—			744
Unearned insurance premiums and service revenue	—			—		3,171			—			3,171
Accrued expenses and other liabilities	264			—		3,377			(1,734		)	1,907
Total liabilities	16,344			—		154,554			(4,766		)	166,132
Total equity	14,316			16,865		23,946			(40,811		)	14,316
Total liabilities and equity	$	30,660		$	16,865	$	178,500		$	(45,577	)	$	180,448

December 31, 2018 ($ in millions)	Parent			Guarantors		Nonguarantors			Consolidating adjustments			Ally consolidated
Assets
Cash and cash equivalents
Noninterest-bearing	$	55		$	—	$	755		$	—		$	810
Interest-bearing	5			—		3,722			—			3,727
Interest-bearing — intercompany	1,249			—		521			(1,770		)	—
Total cash and cash equivalents	1,309			—		4,998			(1,770		)	4,537
Equity securities	—			—		773			—			773
Available-for-sale securities	—			—		25,303			—			25,303
Held-to-maturity securities	—			—		2,382			(20		)	2,362
Loans held-for-sale, net	—			—		314			—			314
Finance receivables and loans, net
Finance receivables and loans, net	2,349			—		127,577			—			129,926
Intercompany loans to
Nonbank subsidiaries	882			—		397			(1,279		)	—
Allowance for loan losses	(55		)	—		(1,187		)	—			(1,242		)
Total finance receivables and loans, net	3,176			—		126,787			(1,279		)	128,684
Investment in operating leases, net	5			—		8,412			—			8,417
Intercompany receivables from
Bank subsidiary	158			—		—			(158		)	—
Nonbank subsidiaries	45			—		129			(174		)	—
Investment in subsidiaries
Bank subsidiary	16,213			16,213		—			(32,426		)	—
Nonbank subsidiaries	6,928			—		—			(6,928		)	—
Premiums receivable and other insurance assets	—			—		2,326			—			2,326
Other assets	2,226			—		5,453			(1,526		)	6,153
Total assets	$	30,060		$	16,213	$	176,877		$	(44,281	)	$	178,869
Liabilities and equity
Deposit liabilities
Noninterest-bearing	$	—		$	—	$	142		$	—		$	142
Interest-bearing	1			—		106,035			—			106,036
Interest-bearing — intercompany	—			—		1,249			(1,249		)	—
Total deposit liabilities	1			—		107,426			(1,249		)	106,178
Short-term borrowings	2,477			—		7,510			—			9,987
Long-term debt	12,774			—		31,419			—			44,193
Intercompany debt to
Bank subsidiary	20			—		—			(20		)	—
Nonbank subsidiaries	918			—		882			(1,800		)	—
Intercompany payables to
Bank subsidiary	45			—		—			(45		)	—
Nonbank subsidiaries	124			—		129			(253		)	—
Interest payable	159			—		364			—			523
Unearned insurance premiums and service revenue	—			—		3,044			—			3,044
Accrued expenses and other liabilities	274			—		2,962			(1,560		)	1,676
Total liabilities	16,792			—		153,736			(4,927		)	165,601
Total equity	13,268			16,213		23,141			(39,354		)	13,268
Total liabilities and equity	$	30,060		$	16,213	$	176,877		$	(44,281	)	$	178,869

Condensed Consolidating Statement of Cash Flows

Six months ended June 30, 2019 ($ in millions)	Parent			Guarantors			Nonguarantors			Consolidating adjustments			Ally consolidated
Operating activities
Net cash provided by operating activities	$	693		$	900		$	2,189		$	(1,938	)	$	1,844
Investing activities
Purchases of equity securities	—			—			(210		)	—			(210		)
Proceeds from sales of equity securities	—			—			511			—			511
Purchases of available-for-sale securities	—			—			(7,018		)	—			(7,018		)
Proceeds from sales of available-for-sale securities	—			—			2,568			—			2,568
Proceeds from repayments of available-for-sale securities	—			—			1,805			—			1,805
Purchases of held-to-maturity securities	—			—			(268		)	—			(268		)
Proceeds from repayments of held-to-maturity securities	—			—			107			—			107
Net change in investment securities — intercompany	—			—			6			(6		)	—
Purchases of finance receivables and loans held-for-investment	—			—			(2,850		)	464			(2,386		)
Proceeds from sales of finance receivables and loans initially held-for-investment	476			—			147			(464		)	159
Originations and repayments of finance receivables and loans held-for-investment and other, net	(407		)	—			3,173			3			2,769
Net change in loans — intercompany	216			—			291			(507		)	—
Purchases of operating lease assets	—			—			(1,769		)	—			(1,769		)
Disposals of operating lease assets	2			—			1,319			—			1,321
Capital contributions to subsidiaries	(1		)	—			—			1			—
Returns of contributed capital	26			—			—			(26		)	—
Net change in nonmarketable equity investments	(11		)	—			124			—			113
Other, net	—			—			(208		)	(1		)	(209		)
Net cash provided by (used in) investing activities	301			—			(2,272		)	(536		)	(2,507		)
Financing activities
Net change in short-term borrowings — third party	(15		)	—			(3,453		)	—			(3,468		)
Net increase in deposits	—			—			10,126			7			10,133
Proceeds from issuance of long-term debt — third party	756			—			3,834			—			4,590
Repayments of long-term debt — third party	(1,116		)	—			(10,256		)	—			(11,372		)
Net change in debt — intercompany	(74		)	—			(216		)	290			—
Repurchase of common stock	(440		)	—			—			—			(440		)
Dividends paid — third party	(139		)	—			—			—			(139		)
Dividends paid and returns of contributed capital — intercompany	—			(900		)	(1,061		)	1,961			—
Capital contributions from parent	—			—			1			(1		)	—
Net cash used in financing activities	(1,028		)	(900		)	(1,025		)	2,257			(696		)
Effect of exchange-rate changes on cash and cash equivalents and restricted cash	—			—			3			—			3
Net decrease in cash and cash equivalents and restricted cash	(34		)	—			(1,105		)	(217		)	(1,356		)
Cash and cash equivalents and restricted cash at beginning of year	1,398			—			5,998			(1,770		)	5,626
Cash and cash equivalents and restricted cash at June 30,	$	1,364		$	—		$	4,893		$	(1,987	)	$	4,270

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.

June 30, 2019 ($ in millions)	Parent		Guarantors		Nonguarantors		Consolidating adjustments			Ally consolidated
Cash and cash equivalents on the Condensed Consolidated Balance Sheet	$	1,292	$	—	$	4,258	$	(1,987	)	$	3,563
Restricted cash included in other assets on the Condensed Consolidated Balance Sheet (a)	72		—		635		—			707
Total cash and cash equivalents and restricted cash in the Condensed Consolidated Statement of Cash Flows	$	1,364	$	—	$	4,893	$	(1,987	)	$	4,270

(a) Restricted cash balances relate primarily to Ally securitization arrangements. Refer to Note 10 for additional details describing the nature of restricted cash balances.

Six months ended June 30, 2018 ($ in millions)	Parent			Guarantors			Nonguarantors			Consolidating adjustments			Ally consolidated
Operating activities
Net cash provided by operating activities	$	958		$	1,500		$	2,853		$	(3,302	)	$	2,009
Investing activities
Purchases of equity securities	—			—			(500		)	—			(500		)
Proceeds from sales of equity securities	—			—			535			—			535
Purchases of available-for-sale securities	—			—			(4,094		)	—			(4,094		)
Proceeds from sales of available-for-sale securities	—			—			390			—			390
Proceeds from repayments of available-for-sale securities	—			—			1,621			—			1,621
Purchases of held-to-maturity securities	—			—			(316		)	—			(316		)
Proceeds from repayments of held-to-maturity securities	—			—			72			—			72
Net change in investment securities — intercompany	—			—			17			(17		)	—
Purchases of finance receivables and loans held-for-investment	—			—			(3,431		)	820			(2,611		)
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	1,331			—			(1,969		)	—			(638		)
Net change in loans — intercompany	83			—			(5		)	(78		)	—
Purchases of operating lease assets	—			—			(2,107		)	—			(2,107		)
Disposals of operating lease assets	6			—			1,757			—			1,763
Capital contributions to subsidiaries	(57		)	(6		)	—			63			—
Returns of contributed capital	194			—			—			(194		)	—
Net change in nonmarketable equity investments	—			—			(46		)	—			(46		)
Other, net	(3		)	—			(183		)	—			(186		)
Net cash provided by (used in) investing activities	2,374			(6		)	(8,259		)	(226		)	(6,117		)
Financing activities
Net change in short-term borrowings — third party	(505		)	—			(3,800		)	—			(4,305		)
Net (decrease) increase in deposits	(6		)	—			5,324			123			5,441
Proceeds from issuance of long-term debt — third party	32			—			12,908			—			12,940
Repayments of long-term debt — third party	(2,412		)	—			(7,388		)	—			(9,800		)
Net change in debt — intercompany	(138		)	—			(83		)	221			—
Repurchase of common stock	(380		)	—			—			—			(380		)
Dividends paid — third party	(115		)	—			—			—			(115		)
Dividends paid and returns of contributed capital — intercompany	—			(1,500		)	(1,995		)	3,495			—
Capital contributions from parent	—			6			57			(63		)	—
Net cash (used in) provided by financing activities	(3,524		)	(1,494		)	5,023			3,776			3,781
Effect of exchange-rate changes on cash and cash equivalents and restricted cash	—			—			(3		)	—			(3		)
Net decrease in cash and cash equivalents and restricted cash	(192		)	—			(386		)	248			(330		)
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 June 30,	$	1,203		$	—		$	5,321		$	(1,585	)	$	4,939

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.

June 30, 2018 ($ in millions)	Parent		Guarantors		Nonguarantors		Consolidating adjustments			Ally consolidated
Cash and cash equivalents on the Condensed Consolidated Balance Sheet	$	1,071	$	—	$	4,438	$	(1,585	)	$	3,924
Restricted cash included in other assets on the Condensed Consolidated Balance Sheet (a)	132		—		883		—			1,015
Total cash and cash equivalents and restricted cash in the Condensed Consolidated Statement of Cash Flows	$	1,203	$	—	$	5,321	$	(1,585	)	$	4,939

(a)

Restricted cash balances relate primarily to Ally securitization arrangements. Refer to Note 10 for additional details describing the nature of restricted cash balances.