Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables present a disaggregated view of our revenue from contracts with customers included in other revenue that falls within the scope of the revenue recognition principles of ASC 606, Revenue from Contracts with Customers. For further information regarding our revenue recognition policies and details about the nature of our respective revenue streams, refer to Note 1 and Note 3 to the Consolidated Financial Statements in our 2018 Annual Report on Form 10-K.

Three months ended June 30, ($ in millions)	Automotive Finance operations		Insurance operations		Mortgage Finance operations		Corporate Finance operations		Corporate and Other		Consolidated
2019
Revenue from contracts with customers
Noninsurance contracts (a) (b) (c)	$	—	$	134	$	—	$	—	$	—	$	134
Remarketing fee income	19		—		—		—		—		19
Brokerage commissions and other revenue	—		—		—		—		17		17
Deposit account and other banking fees	—		—		—		—		4		4
Brokered/agent commissions	—		4		—		—		—		4
Other	5		—		—		—		—		5
Total revenue from contracts with customers	24		138		—		—		21		183
All other revenue	37		148		4		10		13		212
Total other revenue (d)	$	61	$	286	$	4	$	10	$	34	$	395
2018
Revenue from contracts with customers
Noninsurance contracts (a) (b) (c)	$	—	$	125	$	—	$	—	$	—	$	125
Remarketing fee income	21		—		—		—		—		21
Brokerage commissions and other revenue	—		—		—		—		15		15
Brokered/agent commissions	—		4		—		—		—		4
Deposit account and other banking fees	—		—		—		—		3		3
Other	4		—		—		—		—		4
Total revenue from contracts with customers	25		129		—		—		18		172
All other revenue	38		137		2		14		1		192
Total other revenue (d)	$	63	$	266	$	2	$	14	$	19	$	364

(a) We had opening balances of $2.7 billion and $2.5 billion in unearned revenue associated with outstanding contracts at April 1, 2019, and April 1, 2018, respectively, and $202 million and $195 million of these balances were recognized as insurance premiums and service revenue earned in our Condensed Consolidated Statement of Comprehensive Income during the three months ended June 30, 2019, and June 30, 2018, respectively.

(b) At June 30, 2019, we had unearned revenue of $2.8 billion associated with outstanding contracts, and with respect to this balance we expect to recognize revenue of $380 million during the remainder of 2019, $705 million in 2020, $605 million in 2021, $473 million in 2022, and $595 million thereafter. At June 30, 2018, we had unearned revenue of $2.6 billion associated with outstanding contracts.

(c) We had deferred insurance assets of $1.6 billion at both April 1, 2019, and June 30, 2019, and recognized $114 million of expense during the three months ended June 30, 2019. We had deferred insurance assets of $1.4 billion and $1.5 billion at April 1, 2018, and June 30, 2018, respectively, and recognized $106 million of expense during the three months ended June 30, 2018.

(d) Represents a component of total net revenue. Refer to Note 21 for further information on our reportable operating segments.

Six months ended June 30, ($ in millions)	Automotive Finance operations		Insurance operations		Mortgage Finance operations		Corporate Finance operations		Corporate and Other		Consolidated
2019
Revenue from contracts with customers
Noninsurance contracts (a) (b)	$	—	$	265	$	—	$	—	$	—	$	265
Remarketing fee income	37		—		—		—		—		37
Brokerage commissions and other revenue	—		—		—		—		34		34
Deposit account and other banking fees	—		—		—		—		9		9
Brokered/agent commissions	—		7		—		—		—		7
Other	10		—		—		—		—		10
Total revenue from contracts with customers	47		272		—		—		43		362
All other revenue	82		374		6		21		16		499
Total other revenue (c)	$	129	$	646	$	6	$	21	$	59	$	861
2018
Revenue from contracts with customers
Noninsurance contracts (a) (b)	$	—	$	248	$	—	$	—	$	—	$	248
Remarketing fee income	44		—		—		—		—		44
Brokerage commissions and other revenue	—		—		—		—		31		31
Brokered/agent commissions	—		8		—		—		—		8
Deposit account and other banking fees	—		—		—		—		6		6
Other	6		1		—		—		—		7
Total revenue from contracts with customers	50		257		—		—		37		344
All other revenue	79		255		3		22		15		374
Total other revenue (c)	$	129	$	512	$	3	$	22	$	52	$	718

(a) We had opening balances of $2.6 billion and $2.5 billion in unearned revenue associated with outstanding contracts at January 1, 2019, and January 1, 2018, respectively, and $401 million and $389 million of these balances were recognized as insurance premiums and service revenue earned in our Condensed Consolidated Statement of Comprehensive Income during the six months ended June 30, 2019, and June 30, 2018, respectively.

(b) We had deferred insurance assets of $1.5 billion and $1.6 billion at January 1, 2019, and June 30, 2019, respectively, and recognized $225 million of expense during the six months ended June 30, 2019. We had deferred insurance assets of $1.4 billion and $1.5 billion at January 1, 2018, and June 30, 2018, respectively, and recognized $209 million of expense during the six months ended June 30, 2018.

(c)

Represents a component of total net revenue. Refer to Note 21 for further information on our reportable operating segments.