
($ in millions)	June 30, 2025		December 31, 2024

Property and equipment at cost	$	2,250	$	2,226
Accumulated depreciation	(1,046)		(973)
Net property and equipment	1,204		1,253
Proportional amortization investments (a) (b)	2,143		2,131
Net deferred tax assets	2,081		1,916
Accrued interest, fees, and rent receivables (c)	887		929
Nonmarketable equity investments	821		789
Equity-method investments (d)	680		632
Restricted cash and cash equivalents (e)	675		788
Restricted cash held for securitization trusts (f)	241		300
Other accounts receivable	223		312
Goodwill	190		551
Operating lease right-of-use assets	82		92
Net intangible assets	—		54
Other assets	875		913
Total other assets	$	10,102	$	10,660

(c)Primarily relates to accrued interest, fees, and rent receivables related to our consumer automotive and commercial automotive finance receivables and loans.

(e)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 18 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.


	Three months ended June 30,				Six months ended June 30,
($ in millions)	2025		2024		2025		2024
Tax credits and other tax benefits from proportional amortization investments (a) (b)	$	102	$	70	$	158	$	109
Investment amortization expense recognized as a component of income tax expense (a)	80		56		125		88
Net benefit from proportional amortization investments (a)	$	22	$	14	$	33	$	21

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

(b)There were no impairment losses recognized during both the three months and six months ended June 30, 2025, and June 30, 2024, resulting from the forfeiture or ineligibility of tax credits or other circumstances.

Our proportional amortization investments were $2.1 billion at both June 30, 2025, and December 31, 2024, and are included within other assets on our Condensed Consolidated Balance Sheet. Unfunded commitments to provide additional capital to proportional amortization investments were $963 million and $1.0 billion at June 30, 2025, and December 31, 2024, respectively, and are included within accrued expenses and other liabilities on our Condensed Consolidated Balance Sheet. Substantially all of the unfunded commitments at June 30, 2025, are expected to be paid out within the next five years.

The total carrying value of the nonmarketable equity investments held at June 30, 2025, and December 31, 2024, including cumulative unrealized gains and losses, was as follows.


($ in millions)	June 30, 2025		December 31, 2024
FRB stock	$	432	$	440
FHLB stock	290		258
Equity investments without a readily determinable fair value
Cost basis	84		74
Adjustments
Upward adjustments	53		53
Downward adjustments (including impairment)	(38)		(36)
Carrying amount, equity investments without a readily determinable fair value	99		91
Nonmarketable equity investments	$	821	$	789

During the three months and six months ended June 30, 2025, and June 30, 2024, unrealized gains and losses included in the carrying value of the nonmarketable equity investments still held as of June 30, 2025, and June 30, 2024, were as follows.


	Three months ended June 30,				Six months ended June 30,
($ in millions)	2025		2024		2025		2024
Upward adjustments	$	—	$	—	$	—	$	1
Downward adjustments (including impairment) (a)	$	(2)	$	(14)	$	(2)	$	(14)


($ in millions)	Automotive Finance operations		Insurance operations		Corporate and Other (a)		Total
Goodwill at December 31, 2023	$	20	$	27	$	622	$	669
Goodwill impairment	—		—		(118)		(118)

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

Goodwill impairment	—		—		(305)		(305)
Transfer to assets of operations held-for-sale (b)	—		—		(56)		(56)
Goodwill at June 30, 2025	$	20	$	27	$	143	$	190

(a)Includes $143 million of goodwill associated with Ally Invest at both June 30, 2025, and December 31, 2024, and $361 million of goodwill associated with Ally Credit Card at December 31, 2024.

During the year ended December 31, 2024, we recognized a $118 million goodwill impairment charge when we began exploring strategic alternatives for Ally Credit Card, 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 six months ended June 30, 2025, we recognized a $305 million goodwill impairment charge at Corporate and Other related to the transfer of Ally Credit Card to held-for-sale on the Condensed Consolidated Balance Sheet. Subsequent to the impairment charge, the goodwill balance of $56 million was transferred to assets of operations held-for-sale on the Condensed Consolidated Balance Sheet. We closed the sale of Ally Credit Card on April 1, 2025. For additional information, refer to Note 2.


	June 30, 2025						December 31, 2024
($ in millions)	Gross intangible assets		Accumulated amortization		Net carrying value		Gross intangible assets		Accumulated amortization		Net carrying value
Technology	$	39	$	(39)	$	—	$	117	$	(77)	$	40
Customer lists	41		(41)		—		41		(41)		—
Purchased credit card relationships	—		—		—		25		(11)		14

Trademarks	—		—		—		2		(2)		—

Total intangible assets	$	80	$	(80)	$	—	$	185	$	(131)	$	54