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Other Assets (Tables)
 12 Months Ended
Dec. 31, 2022
Other Assets [Abstract]  
Schedule of Other Assets
The components of other assets were as follows.
December 31, ($ in millions)
20222021
Property and equipment at cost$2,352 $2,139 
Accumulated depreciation(1,076)(955)
Net property and equipment1,276 1,184 
Investment in qualified affordable housing projects1,596 1,378 
Net deferred tax assets1,087 254 
Nonmarketable equity investments842 998 
Goodwill822 822 
Accrued interest, fees, and rent receivables786 600 
Equity-method investments (a)608 472 
Restricted cash held for securitization trusts (b)585 516 
Other accounts receivable164 127 
Operating lease right-of-use assets111 148 
Net intangible assets98 129 
Restricted cash and cash equivalents (c)66 92 
Other assets1,097 1,337 
Total other assets$9,138 $8,057 
(a)Primarily relates to investments made in connection with our CRA program.
(b)Includes restricted cash collected from customer payments on securitized receivables, which are distributed by us to investors as payments on the related secured debt, and cash reserve deposits utilized as a form of credit enhancement for various securitization transactions.
(c)Primarily represents a number of arrangements with third parties where certain restrictions are placed on balances we hold due to collateral agreements associated with operational processes with a third-party bank, or letter of credit arrangements and corresponding collateral requirements.
Summary of Equity Securities without Readily Determinable Fair Value
The total carrying value of the nonmarketable equity investments held at December 31, 2022, and December 31, 2021, including cumulative unrealized gains and losses was as follows.
December 31, ($ in millions)
20222021
FHLB stock$318 $289 
FRB stock401 449 
Equity investments without a readily determinable fair value
Cost basis at acquisition89 89 
Adjustments
Upward adjustments177 183 
Downward adjustments (including impairment)(143)(12)
Carrying amount, equity investments without a readily determinable fair value123 260 
Nonmarketable equity investments$842 $998 
During the years ended December 31, 2022, and 2021, unrealized gains and losses included in the carrying value of the nonmarketable equity investments still held as of December 31, 2022, and 2021, were as follows.
Year ended December 31, ($ in millions)
20222021
Upward adjustments$1 $88 
Downward adjustments (including impairment) (a)(138)(1)
(a)No impairment on FHLB and FRB stock was recognized during the years ended December 31, 2022, and 2021.
Schedule of Goodwill
The carrying balance of goodwill by reportable operating segment was as follows.
($ in millions)Automotive Finance operationsInsurance operationsCorporate and Other (a)Total
Goodwill at December 31, 2020$20 $27 $296 $343 
Goodwill acquired— — 479 479 
Goodwill at December 31, 2021$20 $27 $775 $822 
Goodwill acquired— — — — 
Goodwill at December 31, 2022$20 $27 $775 $822 
(a)Includes $479 million of goodwill associated with Ally Credit Card at both December 31, 2022, and December 31, 2021, and $153 million of goodwill associated with Ally Lending at both December 31, 2022, and December 31, 2021, and $143 million of goodwill associated with Ally Invest at both December 31, 2022, and December 31, 2021.
Schedule of Finite-Lived Intangible Assets
The net carrying value of intangible assets by class was as follows.
2022 (a)2021
December 31, ($ in millions)
Gross intangible assetsAccumulated amortizationNet carrying valueGross intangible assetsAccumulated amortizationNet carrying value
Technology$122 $(53)$69 $122 $(36)$86 
Customer lists58 (51)7 58 (42)16 
Purchased credit card relationships25 (4)21 25 — 25 
Trademarks2 (1)1 2 — 2 
Total intangible assets$207 $(109)$98 $207 $(78)$129 
(a)We expect to recognize amortization expense of $26 million and $19 million for the years ended December 31, 2023, and 2024, respectively, and $14 million for each of the years ended December 31, 2025, 2026, and 2027.