
December 31, ($ in millions)	2024		2023

Property and equipment at cost	$	2,226	$	2,153
Accumulated depreciation	(973)		(871)
Net property and equipment	1,253		1,282
Proportional amortization investments (a) (b)	2,131		1,866
Net deferred tax assets	1,916		1,247
Accrued interest, fees, and rent receivables (c)	929		935
Nonmarketable equity investments	789		886
Restricted cash and cash equivalents (d)	788		87
Equity-method investments (a) (e)	632		651
Goodwill	551		669
Other accounts receivable	312		189
Restricted cash held for securitization trusts (f)	300		407
Operating lease right-of-use assets	92		90
Net intangible assets	54		73
Other assets	913		1,036
Total other assets (g)	$	10,660	$	9,418

(a)Proportional amortization investments includes qualifying LIHTC, NMTC, and HTC investments as of December 31, 2024. Prior to the adoption of ASU 2023-02 on January 1, 2024, NMTC and HTC investments were included in equity-method investments. Refer to Note 1 for additional 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 represents restricted cash equivalents funded through the issuance of credit-linked notes. Additionally, includes 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, partner, or letter of credit arrangements and corresponding collateral requirements. Refer to Note 20 for further information about the issuance of credit-linked notes.

(f)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.

(g)Excludes Ally Lending other assets which were transferred to assets 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.

We elected to apply the proportional amortization method to qualifying tax equity investments within our LIHTC, NMTC, and HTC programs upon adoption of ASU 2023-02 on January 1, 2024. Prior to adoption, the proportional amortization method applied to our qualifying LIHTC investments only. Refer to Note 1 for additional information.



Year ended December 31, ($ in millions)	2024		2023		2022
Tax credits and other tax benefits from proportional amortization investments (a) (b)	$	251	$	200	$	177
Investment amortization expense recognized as a component of income tax expense (a)	203		157		147
Net benefit from proportional amortization investments (a)	$	48	$	43	$	30

(a)Amounts are included within income tax expense from continuing operations on our Consolidated Statement of Income and as a component of operating activities within deferred income taxes, other assets, and other liabilities on our Consolidated Statement of Cash Flows.

(b)There were no impairment losses recognized during the years ended December 31, 2024, 2023, and 2022, resulting from the forfeiture or ineligibility of tax credits or other circumstances.

Our proportional amortization investments were $2.1 billion and $1.9 billion at December 31, 2024, and December 31, 2023, respectively, and are included within other assets on our Consolidated Balance Sheet. Additionally, unfunded commitments to provide additional capital to proportional amortization investments were $1.0 billion and $973 million at December 31, 2024, and December 31, 2023, respectively, and are included within accrued expenses and other liabilities on our Consolidated Balance Sheet. Substantially all of the unfunded commitments at December 31, 2024, are expected to be paid out within the next five years.

The total carrying value of the nonmarketable equity investments held at December 31, 2024, and December 31, 2023, including cumulative unrealized gains and losses, was as follows.


December 31, ($ in millions)	2024		2023
FRB stock	$	440	$	392
FHLB stock	258		392
Equity investments without a readily determinable fair value
Cost basis	74		74
Adjustments
Upward adjustments	53		51
Downward adjustments (including impairment)	(36)		(23)
Carrying amount, equity investments without a readily determinable fair value	91		102
Nonmarketable equity investments	$	789	$	886

During the years ended December 31, 2024, and 2023, unrealized gains and losses included in the carrying value of the nonmarketable equity investments still held as of December 31, 2024, and 2023, were as follows.



Year ended December 31, ($ in millions)	2024		2023
Upward adjustments	$	2	$	8
Downward adjustments (including impairment) (a)	$	(15)	$	(17)

Total loss on nonmarketable equity investments, net, which includes both realized and unrealized gains and losses, was a net loss of $6 million for the year ended December 31, 2024, compared to a net loss of $10 million for the year ended December 31, 2023.


($ in millions)	Automotive Finance operations		Insurance operations		Corporate and Other (a)		Total
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

Goodwill impairment	—		—		(118)		(118)

Goodwill at December 31, 2024	$	20	$	27	$	504	$	551

(a)Includes $361 million and $479 million of goodwill associated with Ally Credit Card at December 31, 2024, and December 31, 2023, respectively, and $143 million of goodwill associated with Ally Invest at both December 31, 2024, and December 31, 2023.

During the year ended December 31, 2024, we recognized a $118 million impairment of goodwill at Corporate and Other related to Ally Credit Card. During the fourth quarter of 2024, we began exploring strategic alternatives for our credit card business, which resulted in a triggering event for goodwill impairment. As a result, we performed a quantitative impairment test using a combination of valuation methodologies, including an income approach and a market approach, to determine the fair market value of Ally Credit Card as of the valuation date, November 30, 2024, which resulted in the impairment charge in the fourth quarter of 2024.

During the year ended December 31, 2023, we recognized a $149 million impairment of goodwill at Corporate and Other related to the transfer of Ally Lending to held-for-sale. Subsequent to the impairment charge, the goodwill balance of $4 million was transferred to assets of operations held-for-sale on the Consolidated Balance Sheet. We closed the sale of Ally Lending on March 1, 2024. For additional information, refer to Note 2.


	2024						2023
December 31, ($ in millions)	Gross intangible assets		Accumulated amortization		Net carrying value		Gross intangible assets		Accumulated amortization		Net carrying value
Technology	$	117	$	(77)	$	40	$	117	$	(64)	$	53
Customer lists	41		(41)		—		41		(39)		2
Purchased credit card relationships	25		(11)		14		25		(7)		18

Trademarks	2		(2)		—		2		(2)		—

Total intangible assets (a)	$	185	$	(131)	$	54	$	185	$	(112)	$	73

(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. The sale was closed on March 1, 2024. Refer to Note 2 for additional information.