Parent and Guarantor Condensed Consolidating Financial Statements

9 Months Ended

Sep. 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 September 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 September 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	$	(52	)	$	—	$	1,914		$	(3	)	$	1,859
Interest and fees on finance receivables and loans — intercompany	4			—		1			(5		)	—
Interest on loans held-for-sale	—			—		8			—			8
Interest and dividends on investment securities and other earning assets	—			—		237			—			237
Interest on cash and cash equivalents	2			—		17			—			19
Interest on cash and cash equivalents — intercompany	3			—		5			(8		)	—
Operating leases	—			—		368			—			368
Total financing (loss) revenue and other interest income	(43		)	—		2,550			(16		)	2,491
Interest expense
Interest on deposits	—			—		658			—			658
Interest on short-term borrowings	15			—		18			—			33
Interest on long-term debt	215			—		163			—			378
Interest on intercompany debt	6			—		7			(13		)	—
Total interest expense	236			—		846			(13		)	1,069
Net depreciation expense on operating lease assets	1			—		233			—			234
Net financing (loss) revenue	(280		)	—		1,471			(3		)	1,188
Cash dividends from subsidiaries
Bank subsidiary	550			550		—			(1,100		)	—
Nonbank subsidiaries	52			—		(1		)	(51		)	—
Other revenue
Insurance premiums and service revenue earned	—			—		280			—			280
Gain on mortgage and automotive loans, net	1			—		9			—			10
Other gain on investments, net	2			—		25			—			27
Other income, net of losses	72			—		143			(119		)	96
Total other revenue	75			—		457			(119		)	413
Total net revenue	397			550		1,927			(1,273		)	1,601
Provision for loan losses	3			—		259			1			263
Noninterest expense
Compensation and benefits expense	9			—		287			—			296
Insurance losses and loss adjustment expenses	—			—		74			—			74
Other operating expenses	124			—		463			(119		)	468
Total noninterest expense	133			—		824			(119		)	838
Income from continuing operations before income tax expense and undistributed income (loss) of subsidiaries	261			550		844			(1,155		)	500
Income tax (benefit) expense from continuing operations	(117		)	—		236			—			119
Net income from continuing operations	378			550		608			(1,155		)	381
Income (loss) from discontinued operations, net of tax	1			—		(1		)	—			—
Undistributed income (loss) of subsidiaries
Bank subsidiary	17			17		—			(34		)	—
Nonbank subsidiaries	(15		)	—		—			15			—
Net income	381			567		607			(1,174		)	381
Other comprehensive income, net of tax	106			80		109			(189		)	106
Comprehensive income	$	487		$	647	$	716		$	(1,363	)	$	487

Three months ended September 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	$	(4	)	$	—		$	1,712		$	—		$	1,708
Interest and fees on finance receivables and loans — intercompany	3			—			2			(5		)	—
Interest on loans held-for-sale	—			—			4			—			4
Interest and dividends on investment securities and other earning assets	—			—			198			—			198
Interest on cash and cash equivalents	2			—			16			—			18
Interest on cash and cash equivalents — intercompany	1			—			3			(4		)	—
Operating leases	1			—			367			—			368
Total financing revenue and other interest income	3			—			2,302			(9		)	2,296
Interest expense
Interest on deposits	—			—			462			—			462
Interest on short-term borrowings	12			—			17			—			29
Interest on long-term debt	250			—			201			—			451
Interest on intercompany debt	5			—			4			(9		)	—
Total interest expense	267			—			684			(9		)	942
Net depreciation expense on operating lease assets	2			—			245			—			247
Net financing (loss) revenue	(266		)	—			1,373			—			1,107
Cash dividends from subsidiaries
Bank subsidiary	550			550			—			(1,100		)	—
Nonbank subsidiaries	88			—			—			(88		)	—
Other revenue
Insurance premiums and service revenue earned	—			—			258			—			258
Gain on mortgage and automotive loans, net	16			—			1			—			17
Other gain on investments, net	—			—			22			—			22
Other income, net of losses	105			—			187			(191		)	101
Total other revenue	121			—			468			(191		)	398
Total net revenue	493			550			1,841			(1,379		)	1,505
Provision for loan losses	30			—			203			—			233
Noninterest expense
Compensation and benefits expense	19			—			255			—			274
Insurance losses and loss adjustment expenses	—			—			77			—			77
Other operating expenses	175			—			472			(191		)	456
Total noninterest expense	194			—			804			(191		)	807
Income from continuing operations before income tax expense and undistributed (loss) income of subsidiaries	269			550			834			(1,188		)	465
Income tax (benefit) expense from continuing operations	(88		)	—			179			—			91
Net income from continuing operations	357			550			655			(1,188		)	374
Income from discontinued operations, net of tax	—			—			—			—			—
Undistributed (loss) income of subsidiaries
Bank subsidiary	(31		)	(31		)	—			62			—
Nonbank subsidiaries	48			—			—			(48		)	—
Net income	374			519			655			(1,174		)	374
Other comprehensive loss, net of tax	(133		)	(104		)	(133		)	237			(133		)
Comprehensive income	$	241		$	415		$	522		$	(937	)	$	241

Nine months ended September 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	$	(172	)	$	—	$	5,704		$	(6	)	$	5,526
Interest and fees on finance receivables and loans — intercompany	10			—		4			(14		)	—
Interest on loans held-for-sale	—			—		13			—			13
Interest and dividends on investment securities and other earning assets	—			—		721			—			721
Interest on cash and cash equivalents	8			—		55			—			63
Interest on cash and cash equivalents — intercompany	8			—		13			(21		)	—
Operating leases	1			—		1,091			—			1,092
Total financing (loss) revenue and other interest income	(145		)	—		7,601			(41		)	7,415
Interest expense
Interest on deposits	—			—		1,901			—			1,901
Interest on short-term borrowings	41			—		73			—			114
Interest on long-term debt	638			—		566			—			1,204
Interest on intercompany debt	17			—		18			(35		)	—
Total interest expense	696			—		2,558			(35		)	3,219
Net depreciation expense on operating lease assets	3			—		716			—			719
Net financing (loss) revenue	(844		)	—		4,327			(6		)	3,477
Cash dividends from subsidiaries
Bank subsidiary	1,450			1,450		—			(2,900		)	—
Nonbank subsidiaries	188			—		(1		)	(187		)	—
Other revenue
Insurance premiums and service revenue earned	—			—		802			—			802
Gain on mortgage and automotive loans, net	4			—		18			—			22
Other gain on investments, net	2			—		172			—			174
Other income, net of losses	266			—		432			(422		)	276
Total other revenue	272			—		1,424			(422		)	1,274
Total net revenue	1,066			1,450		5,750			(3,515		)	4,751
Provision for loan losses	35			—		704			(17		)	722
Noninterest expense
Compensation and benefits expense	30			—		880			—			910
Insurance losses and loss adjustment expenses	—			—		260			—			260
Other operating expenses	438			—		1,363			(422		)	1,379
Total noninterest expense	468			—		2,503			(422		)	2,549
Income from continuing operations before income tax expense and undistributed income of subsidiaries	563			1,450		2,543			(3,076		)	1,480
Income tax (benefit) expense from continuing operations	(467		)	—		607			—			140
Net income from continuing operations	1,030			1,450		1,936			(3,076		)	1,340
Loss from discontinued operations, net of tax	(2		)	—		(1		)	—			(3		)
Undistributed income of subsidiaries
Bank subsidiary	184			184		—			(368		)	—
Nonbank subsidiaries	125			—		—			(125		)	—
Net income	1,337			1,634		1,935			(3,569		)	1,337
Other comprehensive income, net of tax	721			546		740			(1,286		)	721
Comprehensive income	$	2,058		$	2,180	$	2,675		$	(4,855	)	$	2,058

Nine months ended September 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	$	6		$	—		$	4,892		$	—		$	4,898
Interest and fees on finance receivables and loans — intercompany	9			—			4			(13		)	—
Interest on loans held-for-sale	—			—			10			—			10
Interest and dividends on investment securities and other earning assets	—			—			563			(1		)	562
Interest on cash and cash equivalents	6			—			44			—			50
Interest on cash and cash equivalents — intercompany	5			—			7			(12		)	—
Operating leases	4			—			1,120			—			1,124
Total financing revenue and other interest income	30			—			6,640			(26		)	6,644
Interest expense
Interest on deposits	—			—			1,212			—			1,212
Interest on short-term borrowings	32			—			69			—			101
Interest on long-term debt	765			—			531			—			1,296
Interest on intercompany debt	12			—			14			(26		)	—
Total interest expense	809			—			1,826			(26		)	2,609
Net depreciation expense on operating lease assets	7			—			778			—			785
Net financing (loss) revenue	(786		)	—			4,036			—			3,250
Cash dividends from subsidiaries
Bank subsidiary	2,050			2,050			—			(4,100		)	—
Nonbank subsidiaries	389			—			—			(389		)	—
Other revenue
Insurance premiums and service revenue earned	—			—			753			—			753
Gain on mortgage and automotive loans, net	44			—			3			(28		)	19
Other gain on investments, net	—			—			37			—			37
Other income, net of losses	301			—			593			(587		)	307
Total other revenue	345			—			1,386			(615		)	1,116
Total net revenue	1,998			2,050			5,422			(5,104		)	4,366
Provision for loan losses	143			—			537			(28		)	652
Noninterest expense
Compensation and benefits expense	67			—			805			—			872
Insurance losses and loss adjustment expenses	—			—			241			—			241
Other operating expenses	530			—			1,404			(587		)	1,347
Total noninterest expense	597			—			2,450			(587		)	2,460
Income from continuing operations before income tax expense and undistributed (loss) income of subsidiaries	1,258			2,050			2,435			(4,489		)	1,254
Income tax (benefit) expense from continuing operations	(210		)	—			490			—			280
Net income from continuing operations	1,468			2,050			1,945			(4,489		)	974
(Loss) income from discontinued operations, net of tax	(2		)	—			1			—			(1		)
Undistributed (loss) income of subsidiaries
Bank subsidiary	(576		)	(576		)	—			1,152			—
Nonbank subsidiaries	83			—			—			(83		)	—
Net income	973			1,474			1,946			(3,420		)	973
Other comprehensive loss, net of tax	(531		)	(436		)	(546		)	982			(531		)
Comprehensive income	$	442		$	1,038		$	1,400		$	(2,438	)	$	442

Condensed Consolidating Balance Sheet

September 30, 2019 ($ in millions)	Parent			Guarantors		Nonguarantors			Consolidating adjustments			Ally consolidated
Assets
Cash and cash equivalents
Noninterest-bearing	$	51		$	—	$	672		$	—		$	723
Interest-bearing	12			—		2,882			—			2,894
Interest-bearing — intercompany	2,004			—		1,044			(3,048		)	—
Total cash and cash equivalents	2,067			—		4,598			(3,048		)	3,617
Equity securities	—			—		570			—			570
Available-for-sale securities	—			—		29,384			—			29,384
Held-to-maturity securities	—			—		2,630			(12		)	2,618
Loans held-for-sale, net	—			—		1,000			—			1,000
Finance receivables and loans, net
Finance receivables and loans, net	2,383			—		126,214			12			128,609
Intercompany loans to
Nonbank subsidiaries	118			—		98			(216		)	—
Allowance for loan losses	(31		)	—		(1,246		)	—			(1,277		)
Total finance receivables and loans, net	2,470			—		125,066			(204		)	127,332
Investment in operating leases, net	1			—		8,652			—			8,653
Intercompany receivables from
Bank subsidiary	255			—		—			(255		)	—
Nonbank subsidiaries	50			—		100			(150		)	—
Investment in subsidiaries
Bank subsidiary	16,981			16,981		—			(33,962		)	—
Nonbank subsidiaries	7,010			—		—			(7,010		)	—
Premiums receivable and other insurance assets	—			—		2,521			—			2,521
Other assets	2,044			—		5,354			(1,608		)	5,790
Total assets	$	30,878		$	16,981	$	179,875		$	(46,249	)	$	181,485
Liabilities and equity
Deposit liabilities
Noninterest-bearing	$	—		$	—	$	156		$	—		$	156
Interest-bearing	1			—		119,073			—			119,074
Interest-bearing — intercompany	—			—		2,004			(2,004		)	—
Total deposit liabilities	1			—		121,233			(2,004		)	119,230
Short-term borrowings	2,501			—		2,834			—			5,335
Long-term debt	12,319			—		23,411			—			35,730
Intercompany debt to
Bank subsidiary	12			—		—			(12		)	—
Nonbank subsidiaries	1,142			—		118			(1,260		)	—
Intercompany payables to
Bank subsidiary	36			—		—			(36		)	—
Nonbank subsidiaries	109			—		277			(386		)	—
Interest payable	182			—		712			—			894
Unearned insurance premiums and service revenue	—			—		3,246			—			3,246
Accrued expenses and other liabilities	126			—		4,065			(1,591		)	2,600
Total liabilities	16,428			—		155,896			(5,289		)	167,035
Total equity	14,450			16,981		23,979			(40,960		)	14,450
Total liabilities and equity	$	30,878		$	16,981	$	179,875		$	(46,249	)	$	181,485

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

Nine months ended September 30, 2019 ($ in millions)	Parent			Guarantors			Nonguarantors			Consolidating adjustments			Ally consolidated
Operating activities
Net cash provided by operating activities	$	1,157		$	1,450		$	3,598		$	(3,072	)	$	3,133
Investing activities
Purchases of equity securities	—			—			(301		)	—			(301		)
Proceeds from sales of equity securities	—			—			615			—			615
Purchases of available-for-sale securities	—			—			(11,214		)	—			(11,214		)
Proceeds from sales of available-for-sale securities	—			—			5,699			—			5,699
Proceeds from repayments of available-for-sale securities	—			—			3,246			—			3,246
Purchases of held-to-maturity securities	—			—			(514		)	—			(514		)
Proceeds from repayments of held-to-maturity securities	—			—			195			—			195
Net change in investment securities — intercompany	—			—			9			(9		)	—
Purchases of finance receivables and loans held-for-investment	—			—			(3,857		)	535			(3,322		)
Proceeds from sales of finance receivables and loans initially held-for-investment	548			—			414			(535		)	427
Originations and repayments of finance receivables and loans held-for-investment and other, net	(519		)	—			3,582			6			3,069
Net change in loans — intercompany	761			—			296			(1,057		)	—
Purchases of operating lease assets	—			—			(2,937		)	—			(2,937		)
Disposals of operating lease assets	3			—			2,013			—			2,016
Capital contributions to subsidiaries	(1		)	—			—			1			—
Returns of contributed capital	29			—			—			(29		)	—
Net change in nonmarketable equity investments	(12		)	—			191			—			179
Other, net	(2		)	—			(305		)	1			(306		)
Net cash provided by (used in) investing activities	807			—			(2,868		)	(1,087		)	(3,148		)
Financing activities
Net change in short-term borrowings — third party	24			—			(4,676		)	—			(4,652		)
Net increase in deposits	—			—			13,788			(756		)	13,032
Proceeds from issuance of long-term debt — third party	771			—			4,667			—			5,438
Repayments of long-term debt — third party	(1,304		)	—			(12,810		)	—			(14,114		)
Net change in debt — intercompany	219			—			(761		)	542			—
Repurchase of common stock	(740		)	—			—			—			(740		)
Dividends paid — third party	(206		)	—			—			—			(206		)
Dividends paid and returns of contributed capital — intercompany	—			(1,450		)	(1,646		)	3,096			—
Capital contributions from parent	—			—			1			(1		)	—
Net cash used in financing activities	(1,236		)	(1,450		)	(1,437		)	2,881			(1,242		)
Effect of exchange-rate changes on cash and cash equivalents and restricted cash	—			—			2			—			2
Net decrease in cash and cash equivalents and restricted cash	728			—			(705		)	(1,278		)	(1,255		)
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 September 30,	$	2,126		$	—		$	5,293		$	(3,048	)	$	4,371

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.

September 30, 2019 ($ in millions)	Parent		Guarantors		Nonguarantors		Consolidating adjustments			Ally consolidated
Cash and cash equivalents on the Condensed Consolidated Balance Sheet	$	2,067	$	—	$	4,598	$	(3,048	)	$	3,617
Restricted cash included in other assets on the Condensed Consolidated Balance Sheet (a)	59		—		695		—			754
Total cash and cash equivalents and restricted cash in the Condensed Consolidated Statement of Cash Flows	$	2,126	$	—	$	5,293	$	(3,048	)	$	4,371

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

Nine months ended September 30, 2018 ($ in millions)	Parent			Guarantors			Nonguarantors			Consolidating adjustments			Ally consolidated
Operating activities
Net cash provided by operating activities	$	1,417		$	2,050		$	4,366		$	(4,489	)	$	3,344
Investing activities
Purchases of equity securities	—			—			(652		)	—			(652		)
Proceeds from sales of equity securities	—			—			715			—			715
Purchases of available-for-sale securities	—			—			(5,669		)	—			(5,669		)
Proceeds from sales of available-for-sale securities	—			—			637			—			637
Proceeds from repayments of available-for-sale securities	—			—			2,509			—			2,509
Purchases of held-to-maturity securities	—			—			(436		)	—			(436		)
Proceeds from repayments of held-to-maturity securities	—			—			107			—			107
Net change in investment securities — intercompany	—			—			51			(51		)	—
Purchases of finance receivables and loans held-for-investment	(131		)	—			(5,577		)	930			(4,778		)
Proceeds from sales of finance receivables and loans initially held-for-investment	983			—			—			(930		)	53
Originations and repayments of finance receivables and loans held-for-investment and other, net	2,092			—			(2,650		)	—			(558		)
Net change in loans — intercompany	45			—			(6		)	(39		)	—
Purchases of operating lease assets	—			—			(2,991		)	—			(2,991		)
Disposals of operating lease assets	9			—			2,452			—			2,461
Capital contributions to subsidiaries	(58		)	(6		)	—			64			—
Returns of contributed capital	222			—			—			(222		)	—
Net change in nonmarketable equity investments	(14		)	—			11			—			(3		)
Other, net	1			—			(241		)	(1		)	(241		)
Net cash provided by (used in) investing activities	3,149			(6		)	(11,740		)	(249		)	(8,846		)
Financing activities
Net change in short-term borrowings — third party	(596		)	—			(3,478		)	—			(4,074		)
Net (decrease) increase in deposits	(9		)	—			7,846			226			8,063
Proceeds from issuance of long-term debt — third party	51			—			14,705			—			14,756
Repayments of long-term debt — third party	(3,393		)	—			(9,601		)	—			(12,994		)
Net change in debt — intercompany	(143		)	—			(73		)	216			—
Repurchase of common stock	(630		)	—			—			—			(630		)
Dividends paid — third party	(179		)	—			—			—			(179		)
Dividends paid and returns of contributed capital — intercompany	—			(2,050		)	(2,661		)	4,711			—
Capital contributions from parent	—			6			58			(64		)	—
Net cash (used in) provided by financing activities	(4,899		)	(2,044		)	6,796			5,089			4,942
Effect of exchange-rate changes on cash and cash equivalents and restricted cash	—			—			(2		)	—			(2		)
Net decrease in cash and cash equivalents and restricted cash	(333		)	—			(580		)	351			(562		)
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 September 30,	$	1,062		$	—		$	5,127		$	(1,482	)	$	4,707

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.

September 30, 2018 ($ in millions)	Parent		Guarantors		Nonguarantors		Consolidating adjustments			Ally consolidated
Cash and cash equivalents on the Condensed Consolidated Balance Sheet	$	968	$	—	$	4,286	$	(1,482	)	$	3,772
Restricted cash included in other assets on the Condensed Consolidated Balance Sheet (a)	94		—		841		—			935
Total cash and cash equivalents and restricted cash in the Condensed Consolidated Statement of Cash Flows	$	1,062	$	—	$	5,127	$	(1,482	)	$	4,707

(a)

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