Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]


Year ended December 31, ($ in millions)	Automotive Finance operations		Insurance operations		Mortgage Finance operations		Corporate Finance operations		Corporate and Other		Consolidated
2021
Revenue from contracts with customers
Noninsurance contracts (a) (b) (c)	$	—	$	627	$	—	$	—	$	—	$	627
Remarketing fee income	107		—		—		—		—		107
Brokerage commissions and other revenue	—		—		—		—		58		58
Banking fees and interchange income (d)	—		—		—		—		18		18
Brokered/agent commissions	—		16		—		—		—		16
Other	22		—		—		—		4		26
Total revenue from contracts with customers	129		643		—		—		80		852
All other revenue	122		702		94		128		141		1,187
Total other revenue (e)	$	251	$	1,345	$	94	$	128	$	221	$	2,039
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
Banking fees and interchange income	—		—		—		—		12		12
Brokered/agent commissions	—		16		—		—		—		16
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 (e)	$	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
Banking fees and interchange income	—		—		—		—		16		16
Brokered/agent commissions	—		14		—		—		—		14
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 (e)	$	249	$	1,274	$	22	$	45	$	171	$	1,761

(a)We had opening balances of $3.0 billion, $2.9 billion, and $2.6 billion in unearned revenue associated with outstanding contracts at January 1, 2021, 2020, and 2019, respectively, and $909 million, $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, 2021, 2020, and 2019, respectively.

(b)At December 31, 2021, we had unearned revenue of $3.1 billion associated with outstanding contracts, and with respect to this balance we expect to recognize revenue of $847 million in 2022, $765 million in 2023, $609 million in 2024, $412 million in 2025, and $419 million thereafter. We had unearned revenue of $3.0 billion and $2.9 billion associated with outstanding contracts at December 31, 2020, and 2019, respectively.

(c)We had deferred insurance assets of $1.9 billion, $1.8 billion, and $1.7 billion at December 31, 2021, 2020, and 2019, respectively. We recognized $537 million, $498 million, and $463 million of expense during the years ended December 31, 2021, 2020, and 2019, respectively.

(d)Interchange income is reported net of customer rewards. Customer rewards expense was $1 million for the year ended December 31, 2021.

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