Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2020

Revenue from Contract with Customer [Abstract]

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 revenue recognition principles of ASC Topic 606, Revenue from Contracts with Customers.


Year ended December 31, ($ in millions)	Automotive Finance operations		Insurance operations		Mortgage Finance operations		Corporate Finance operations		Corporate and Other		Consolidated
2020
Revenue from contracts with customers
Noninsurance contracts (a) (b) (c)	$	—	$	584	$	—	$	—	$	—	$	584
Remarketing fee income	73		—		—		—		—		73
Brokerage commissions and other revenue	—		—		—		—		52		52
Brokered/agent commissions	—		16		—		—		—		16
Deposit account and other banking fees	—		—		—		—		12		12
Other	15		1		—		—		—		16
Total revenue from contracts with customers	88		601		—		—		64		753
All other revenue	116		733		102		45		234		1,230
Total other revenue (d)	$	204	$	1,334	$	102	$	45	$	298	$	1,983
2019
Revenue from contracts with customers
Noninsurance contracts (a) (b) (c)	$	—	$	542	$	—	$	—	$	—	$	542
Remarketing fee income	74		—		—		—		—		74
Brokerage commissions and other revenue	—		—		—		—		61		61
Brokered/agent commissions	—		14		—		—		—		14
Deposit account and other banking fees	—		—		—		—		16		16
Other	19		1		—		—		—		20
Total revenue from contracts with customers	93		557		—		—		77		727
All other revenue	156		717		22		45		94		1,034
Total other revenue (d)	$	249	$	1,274	$	22	$	45	$	171	$	1,761

(a)We had opening balances of $2.9 billion and $2.6 billion in unearned revenue associated with outstanding contracts at January 1, 2020, and January 1, 2019, respectively, and $866 million and $816 million of these balances were recognized as insurance premiums and service revenue earned in our Consolidated Statement of Income during the years ended December 31, 2020, and December 31, 2019, respectively.

(b)At December 31, 2020, we had unearned revenue of $3.0 billion associated with outstanding contracts, and with respect to this balance we expect to

recognize revenue of $808 million in 2021, $722 million in 2022, $613 million in 2023, $433 million in 2024, and $416 million thereafter. At December 31, 2019, we had unearned revenue of $2.9 billion associated with outstanding contracts.

(c)We had deferred insurance assets of $1.7 billion and $1.8 billion at January 1, 2020, and December 31, 2020, respectively, and recognized $498 million of expense during the year ended December 31, 2020. We had deferred insurance assets of $1.5 billion and $1.7 billion at January 1, 2019, and December 31, 2019, respectively, and recognized $463 million of expense during the year ended December 31, 2019.

(d)Represents a component of total net revenue. Refer to Note 26 for further information on our reportable operating segments.