Other Assets (Tables)

12 Months Ended

Dec. 31, 2020

Other Assets [Abstract]

Schedule of Other Assets

The components of other assets were as follows.

December 31, ($ in millions)	2020		2019
Property and equipment at cost	$	1,541	$	1,332
Accumulated depreciation	(815)		(686)
Net property and equipment	726		646
Investment in qualified affordable housing projects	1,095		830
Nonmarketable equity investments (a) (b)	915		1,232
Restricted cash held for securitization trusts (c)	875		738
Accrued interest, fees, and rent receivables	704		589
Goodwill	343		393
Equity-method investments (d)	320		358
Other accounts receivable	166		117
Operating lease right-of-use assets	162		168
Net deferred tax assets	94		58
Restricted cash and cash equivalents (e)	78		87
Net intangible assets (f)	50		69
Fair value of derivative contracts in receivable position (g)	17		64
Other assets	870		724
Total other assets	$	6,415	$	6,073

(a)Includes investments in FHLB stock of $276 million and $701 million at December 31, 2020, and December 31, 2019, respectively; FRB stock of $449 million at both December 31, 2020, and December 31, 2019; and equity securities without a readily determinable fair value of $189 million and $82 million at December 31, 2020, and December 31, 2019, respectively, measured at cost with adjustments for impairment and observable changes in price.

(b)For the year ended December 31, 2020, we recorded $105 million of upward adjustments related to equity securities without a readily determinable fair value, driven primarily by an investment in one entity for which there was a subsequent funding round at a higher valuation during the year, resulting in an observable price change. During the year ended December 31, 2020, we recorded $6 million of impairments and downward adjustments related to equity securities without a readily determinable fair value, respectively. Securities held in our portfolio of equity securities without a readily determinable fair value as of December 31, 2020, include cumulative upward adjustments of $115 million and impairments and downward adjustments of $12 million through December 31, 2020.

(c)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.

(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 $109 million and $111 million at December 31, 2020, and December 31, 2019, respectively, and accumulated amortization of $59 million and $42 million at December 31, 2020, and December 31, 2019.

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

Schedule of Goodwill

The carrying balance of goodwill by reportable operating segment was as follows.

($ in millions)	Automotive Finance operations		Insurance operations		Corporate and Other (a)		Total
Goodwill at December 31, 2019	$	20	$	27	$	346	$	393
Impairment losses	—		—		(50)		(50)
Goodwill at December 31, 2020	$	20	$	27	$	296	$	343

(a)Includes $153 million of goodwill associated with Ally Lending at both December 31, 2020, and December 31, 2019, and $143 million and $193 million of goodwill associated with Ally Invest at December 31, 2020, and December 31, 2019, respectively.