Guarantees and Commitments (Tables)

12 Months Ended

Dec. 31, 2024

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.

	2024				2023
December 31, ($ in millions)	Maximum liability		Carrying value of liability		Maximum liability		Carrying value of liability
Standby letters of credit and other guarantees	$	267	$	—	$	259	$	—

Schedule of Financing Commitments

The contractual commitments were as follows.

December 31, ($ in millions)	2024		2023
Unused revolving credit line commitments and other (a) (b)	$	10,027	$	10,658
Commitments to provide capital to investees (c)	1,227		1,191
Construction-lending commitments (d)	166		168
Home equity lines of credit (e)	116		134
Mortgage loan origination commitments (f)	—		29

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

(b)The amount for December 31, 2023, includes $68 million of financing commitments related to Ally Lending, which was classified as operations held-for-sale. We closed the sale of Ally Lending on March 1, 2024. 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. During 2024, we shifted to prioritize held-for-sale loan originations in our mortgage operations.

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, 2024.

Year ended December 31, ($ in millions)
2025	$	255
2026	198
2027	91
2028	42
2029	3
Total future payment obligations	$	589