Accrued Expenses and Other Liabilities (Tables)

6 Months Ended

Jun. 30, 2024

Accounts Payable and Accrued Liabilities [Abstract]

Schedule of Accrued Expenses and Other Liabilities

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

($ in millions)	June 30, 2024		December 31, 2023
Unfunded commitments for proportional amortization investments (a)	$	1,025	$	973
Accounts payable	573		509
Employee compensation and benefits	313		409
Reserves for insurance losses and loss adjustment expenses (b)	203		140
Operating lease liabilities	111		113
Deferred revenue	106		103
Other liabilities	450		479
Total accrued expenses and other liabilities (c)	$	2,781	$	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. We closed the sale of Ally Lending on March 1, 2024. Refer to Note 2 for additional information.