Offsetting Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2022

Offsetting [Abstract]

Offsetting Assets

The composition of offsetting derivative instruments, financial assets, and financial liabilities was as follows.

	Gross amounts of recognized assets/liabilities		Gross amounts offset on the Condensed Consolidated Balance Sheet		Net amounts of assets/liabilities presented on the Condensed Consolidated Balance Sheet		Gross amounts not offset on the Condensed Consolidated Balance Sheet
($ in millions)							Financial instruments		Collateral (a) (b) (c)		Net amount
June 30, 2022
Assets
Derivative assets in net asset positions	$	1	$	—	$	1	$	—	$	—	$	1
Derivative assets with no offsetting arrangements	3		—		3		—		—		3
Total assets	$	4	$	—	$	4	$	—	$	—	$	4
Liabilities
Derivative liabilities in net liability positions	$	3	$	—	$	3	$	—	$	(3)	$	—
Derivative liabilities with no offsetting arrangements	52		—		52		—		—		52
Total liabilities	$	55	$	—	$	55	$	—	$	(3)	$	52
December 31, 2021
Assets
Derivative assets in net asset positions	$	1	$	—	$	1	$	(1)	$	—	$	—
Derivative assets with no offsetting arrangements	6		—		6		—		—		6
Total assets	$	7	$	—	$	7	$	(1)	$	—	$	6
Liabilities
Derivative liabilities in net liability positions	$	3	$	—	$	3	$	—	$	(2)	$	1
Derivative liabilities in net asset positions	1		—		1		(1)		—		—
Derivative liabilities with no offsetting arrangements	58		—		58		—		—		58
Total liabilities	$	62	$	—	$	62	$	(1)	$	(2)	$	59

(a)Financial collateral received/pledged shown as a balance based on the sum of all net asset and liability positions between Ally and each individual derivative counterparty.

(b)Amounts disclosed are limited to the financial asset or liability balance and, accordingly, exclude excess collateral received or pledged and noncash collateral received. We do not record such collateral received on our Condensed Consolidated Balance Sheet unless certain conditions are met.

(c)Certain agreements grant us the right to sell or pledge the noncash assets we receive as collateral. We have not sold or pledged any of the noncash collateral received under these agreements.

Offsetting Liabilities

The composition of offsetting derivative instruments, financial assets, and financial liabilities was as follows.

	Gross amounts of recognized assets/liabilities		Gross amounts offset on the Condensed Consolidated Balance Sheet		Net amounts of assets/liabilities presented on the Condensed Consolidated Balance Sheet		Gross amounts not offset on the Condensed Consolidated Balance Sheet
($ in millions)							Financial instruments		Collateral (a) (b) (c)		Net amount
June 30, 2022
Assets
Derivative assets in net asset positions	$	1	$	—	$	1	$	—	$	—	$	1
Derivative assets with no offsetting arrangements	3		—		3		—		—		3
Total assets	$	4	$	—	$	4	$	—	$	—	$	4
Liabilities
Derivative liabilities in net liability positions	$	3	$	—	$	3	$	—	$	(3)	$	—
Derivative liabilities with no offsetting arrangements	52		—		52		—		—		52
Total liabilities	$	55	$	—	$	55	$	—	$	(3)	$	52
December 31, 2021
Assets
Derivative assets in net asset positions	$	1	$	—	$	1	$	(1)	$	—	$	—
Derivative assets with no offsetting arrangements	6		—		6		—		—		6
Total assets	$	7	$	—	$	7	$	(1)	$	—	$	6
Liabilities
Derivative liabilities in net liability positions	$	3	$	—	$	3	$	—	$	(2)	$	1
Derivative liabilities in net asset positions	1		—		1		(1)		—		—
Derivative liabilities with no offsetting arrangements	58		—		58		—		—		58
Total liabilities	$	62	$	—	$	62	$	(1)	$	(2)	$	59

(a)Financial collateral received/pledged shown as a balance based on the sum of all net asset and liability positions between Ally and each individual derivative counterparty.

(b)Amounts disclosed are limited to the financial asset or liability balance and, accordingly, exclude excess collateral received or pledged and noncash collateral received. We do not record such collateral received on our Condensed Consolidated Balance Sheet unless certain conditions are met.

(c)Certain agreements grant us the right to sell or pledge the noncash assets we receive as collateral. We have not sold or pledged any of the noncash collateral received under these agreements.