Accrued Expenses and Other Liabilities

3 Months Ended

Mar. 31, 2024

Accounts Payable and Accrued Liabilities [Abstract]

Accrued Expenses and Other Liabilities

Accrued Expenses and Other Liabilities

The components of accrued expenses and other liabilities were as follows.

($ in millions)	March 31, 2024		December 31, 2023
Unfunded commitments for proportional amortization investments (a)	$	917	$	973
Accounts payable	527		509
Employee compensation and benefits	230		409
Reserves for insurance losses and loss adjustment expenses (b)	164		140
Operating lease liabilities	120		113
Deferred revenue	103		103
Other liabilities	466		479
Total accrued expenses and other liabilities (c)	$	2,527	$	2,726

(a)Primarily relates to unfunded commitments for investments in qualified affordable housing projects.

(b)Refer to Note 5 for further information.

(c)Excludes Ally Lending accrued expenses and other liabilities, which were transferred to liabilities of operations held-for-sale as of December 31, 2023. The sale was closed on March 1, 2024. Refer to Note 2 for additional information.