Guarantees and Commitments (Tables)

12 Months Ended

Dec. 31, 2023

Guarantees and Product Warranties [Abstract]

Schedule of Guarantor Obligations

Guarantees are defined as contracts or indemnification agreements that contingently require us to make payments to third parties based on changes in the underlying agreements with the guaranteed parties. The following summarizes our outstanding guarantees, including those of our discontinued operations, made to third parties on our Consolidated Balance Sheet, for the periods shown.

	2023				2022
December 31, ($ in millions)	Maximum liability		Carrying value of liability		Maximum liability		Carrying value of liability
Standby letters of credit and other guarantees	$	259	$	—	$	272	$	1

Schedule of Financing Commitments

The contractual commitments were as follows.

December 31, ($ in millions)	2023		2022
Unused revolving credit line commitments and other (a) (b)	$	10,658	$	9,156
Commitments to provide capital to investees (c)	1,191		1,112
Construction-lending commitments (d)	168		178
Home equity lines of credit (e)	134		145
Mortgage loan origination commitments (f)	29		14

(a)The unused portion of revolving lines of credit reset at prevailing market rates and, approximate fair value.

(b)Includes $68 million of financing commitments related to our Ally Lending business, which was transferred to operations held-for-sale as of December 31, 2023. Refer to Note 2 for additional information.

(c)We are committed to contribute capital to certain investees.

(d)We are committed to fund the remaining unused balance while loans are in the construction period.

(e)We are committed to fund the remaining unused balances on home equity lines of credit.

(f)Commitments with mortgage loan applicants in which the loan terms, including interest rate and price, are guaranteed for a designated period of time subject to the completion of underwriting procedures.

Schedule of Contractual Commitments

We have entered into multiple agreements for sponsorship, information technology, voice and communication technology, and related maintenance. Many of the agreements are subject to variable price provisions, fixed or minimum price provisions, and termination or renewal provisions. The following table presents our total future payment obligations expiring after December 31, 2023.

Year ended December 31, ($ in millions)
2024	$	263
2025	235
2026	174
2027	85
2028	42
Total future payment obligations	$	799