Other Assets (Tables)

12 Months Ended

Dec. 31, 2023

Other Assets [Abstract]

Schedule of Other Assets

The components of other assets were as follows.

December 31, ($ in millions)	2023		2022
Property and equipment at cost (a)	$	2,153	$	2,352
Accumulated depreciation (a)	(871)		(1,076)
Net property and equipment	1,282		1,276
Investment in qualified affordable housing projects (b)	1,866		1,596
Net deferred tax assets	1,224		1,087
Accrued interest, fees, and rent receivables (c)	935		786
Nonmarketable equity investments	886		842
Goodwill	669		822
Equity-method investments (d)	651		608
Restricted cash held for securitization trusts (e)	407		585
Other accounts receivable	189		164
Operating lease right-of-use assets	90		111
Restricted cash and cash equivalents (f)	87		66
Net intangible assets	73		98
Other assets	1,036		1,097
Total other assets (g)	$	9,395	$	9,138

(a)During the year ended December 31, 2023, we retired software with a cost basis of $295 million with an accumulated depreciation of $295 million.

(b)Presented gross of the associated unfunded commitment. Refer to Note 16 for further information.

(c)Primarily relates to accrued interest, fees, and rent receivables related to our consumer automotive and commercial automotive finance receivables and loans.

(d)Primarily relates to investments made in connection with our CRA program.

(e)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.

(f)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.

(g)Excludes Ally Lending other assets which were transferred to assets of operations held-for-sale as of December 31, 2023. Refer to Note 2 for additional information.

Schedule of Equity Securities without Readily Determinable Fair Value

The total carrying value of the nonmarketable equity investments held at December 31, 2023, and December 31, 2022, including cumulative unrealized gains and losses, was as follows.

December 31, ($ in millions)	2023		2022
FRB stock	$	392	$	401
FHLB stock	392		318
Equity investments without a readily determinable fair value
Cost basis at acquisition	74		89
Adjustments
Upward adjustments	51		177
Downward adjustments (including impairment)	(23)		(143)
Carrying amount, equity investments without a readily determinable fair value	102		123
Nonmarketable equity investments	$	886	$	842

During the years ended December 31, 2023, and 2022, unrealized gains and losses included in the carrying value of the nonmarketable equity investments still held as of December 31, 2023, and 2022, were as follows.

Year ended December 31, ($ in millions)	2023		2022
Upward adjustments	$	8	$	1
Downward adjustments (including impairment) (a)	$	(17)	$	(138)

(a)No impairment on FHLB and FRB stock was recognized during the years ended December 31, 2023, and 2022.

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, 2021	$	20	$	27	$	775	$	822
Goodwill acquired	—		—		—		—
Goodwill at December 31, 2022	$	20	$	27	$	775	$	822
Goodwill impairment	—		—		(149)		(149)
Transfer to assets of operations held-for-sale	—		—		(4)		(4)
Goodwill at December 31, 2023	$	20	$	27	$	622	$	669

(a)Includes $479 million of goodwill associated with Ally Credit Card at both December 31, 2023, and December 31, 2022, $143 million of goodwill associated with Ally Invest at both December 31, 2023, and December 31, 2022, and $153 million of goodwill associated with Ally Lending at December 31, 2022.

Schedule of Finite-Lived Intangible Assets

The net carrying value of intangible assets by class was as follows.

	2023						2022
December 31, ($ in millions)	Gross intangible assets		Accumulated amortization		Net carrying value		Gross intangible assets		Accumulated amortization		Net carrying value
Technology	$	117	$	(64)	$	53	$	122	$	(53)	$	69
Customer lists	41		(39)		2		58		(51)		7
Purchased credit card relationships	25		(7)		18		25		(4)		21
Trademarks	2		(2)		—		2		(1)		1
Total intangible assets (a)	$	185	$	(112)	$	73	$	207	$	(109)	$	98

(a)Excludes $22 million of gross intangible assets and $22 million of accumulated amortization that were transferred to assets of operations held-for-sale related to Ally Lending as of December 31, 2023. Refer to Note 2 for additional information.

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated future amortization expense of intangible assets are as follows.

Year ended December 31, ($ in millions)
2024	$	19
2025	14
2026	14
2027	13
2028	13
Total estimated future amortization expense	$	73