Other Assets (Tables)

12 Months Ended

Dec. 31, 2019

The components of other assets were as follows.



December 31, ($ in millions)	2019			2018
Property and equipment at cost	$	1,332		$	1,250
Accumulated depreciation	(686		)	(686		)
Net property and equipment	646			564
Nonmarketable equity investments (a)	1,232			1,410
Investment in qualified affordable housing projects	830			649
Restricted cash held for securitization trusts (b)	738			965
Accrued interest, fees, and rent receivables	589			599
Goodwill (c)	393			240
Equity-method investments (d)	358			262
Other accounts receivable	117			203
Restricted cash and cash equivalents (e)	87			124
Net intangible assets (f)	69			59
Fair value of derivative contracts in receivable position (g)	64			41
Net deferred tax assets	58			317
Other assets	892			720
Total other assets	$	6,073		$	6,153

(a)

Includes investments in FHLB stock of $701 million and $903 million at December 31, 2019, and 2018, respectively; FRB stock of $449 million and $448 million at December 31, 2019, and 2018, respectively; and equity securities without a readily determinable fair value of $82 million and $59 million at December 31, 2019, and 2018, respectively, measured at cost with adjustments for impairment and observable changes in price. During the year ended December 31, 2019, we recorded $9 million of upward adjustments and $3 million of impairments and downward adjustments related to equity securities without a readily determinable fair value. Through December 31, 2019, we recorded $10 million of cumulative upward adjustments and $6 million of cumulative impairments and downward adjustments related to equity securities without a readily determinable fair value.


(b)	Includes restricted cash collected from customer payments on securitized receivables, which are distributed by us to investors as payments on the related secured debt, and cash reserve deposits utilized as a form of credit enhancement for various securitization transactions.

(c)

Includes goodwill of $27 million within our Insurance operations at both December 31, 2019, and 2018; $20 million within Automotive Finance operations at both December 31, 2019, and 2018; and $346 million and $193 million within Corporate and Other at December 31, 2019, and 2018, respectively. The increase in goodwill within Corporate and Other of $153 million was attributable to our acquisition of Health Credit Services, as further described in Note 2. No other changes to the carrying amount of goodwill were recorded during the years ended December 31, 2019, and 2018.


(d)	Primarily relates to investments made in connection with our CRA program.


(e)	Primarily represents a number of arrangements with third parties where certain restrictions are placed on balances we hold due to collateral agreements associated with operational processes with a third-party bank, or letter of credit arrangements and corresponding collateral requirements.


(f)	Includes gross intangible assets of $111 million and $88 million at December 31, 2019, and 2018, respectively, and accumulated depreciation of $42 million and $29 million at December 31, 2019, and 2018.

(g)

For additional information on derivative instruments and hedging activities, refer to Note 21.