ALLY FINANCIAL INC., 10-K filed on 2/25/2026
Annual Report
v3.25.4
Cover Page - USD ($)
$ in Billions
 12 Months Ended
Dec. 31, 2025
Feb. 23, 2026
Jun. 30, 2025
Cover [Abstract]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Dec. 31, 2025    
Current Fiscal Year End Date --12-31    
Document Transition Report false    
Entity File Number 1-3754    
Entity Registrant Name ALLY FINANCIAL INC.    
Entity Incorporation, State or Country Code DE    
Entity Tax Identification Number 38-0572512    
Entity Address, Address Description Ally Detroit Center    
Entity Address, Address Line One 500 Woodward Ave.    
Entity Address, Address Line Two Floor 10    
Entity Address, City or Town Detroit    
Entity Address, State or Province MI    
Entity Address, Postal Zip Code 48226    
City Area Code 866    
Local Phone Number 710-4623    
Title of 12(b) Security Common Stock, par value $0.01 per share    
Trading Symbol ALLY    
Security Exchange Name NYSE    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction [Flag] false    
Entity Shell Company false    
Entity Public Float     $ 12.0
Entity Common Stock, Shares Outstanding   309,091,700  
Documents Incorporated by Reference portions of the Registrant’s Proxy Statement for the annual meeting of shareholders to be held on May 6, 2026, are incorporated by reference in this Form 10-K in response to Items 10, 11, 12, 13, and 14 of Part III.    
Entity Central Index Key 0000040729    
Document Fiscal Year Focus 2025    
Document Fiscal Period Focus FY    
Amendment Flag false    
v3.25.4
Audit Information
 12 Months Ended
Dec. 31, 2025
Audit Information [Abstract]  
Auditor Name Deloitte & Touche LLP
Auditor Location Detroit, Michigan
Auditor Firm ID 34
v3.25.4
Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Financing revenue and other interest income      
Interest and fees on finance receivables and loans $ 10,697 $ 11,394 $ 11,020
Interest on loans held-for-sale 24 50 34
Interest and dividends on investment securities and other earning assets 972 1,037 1,022
Interest on cash and cash equivalents 373 386 332
Operating leases 1,455 1,355 1,550
Total financing revenue and other interest income 13,521 14,222 13,958
Interest expense      
Interest on deposits 5,302 6,388 5,819
Interest on short-term borrowings 35 66 73
Interest on long-term debt 1,068 1,017 1,001
Interest on other 3 1 4
Total interest expense 6,408 7,472 6,897
Net depreciation expense on operating lease assets 937 736 840
Net financing revenue and other interest income 6,176 6,014 6,221
Other revenue      
Insurance premiums and service revenue earned 1,450 1,413 1,271
(Loss) gain on mortgage and automotive loans, net (35) 24 16
Other (loss) gain on investments, net (361) 72 144
Other income, net of losses 684 658 582
Total other revenue 1,738 2,167 2,013
Total net revenue 7,914 8,181 8,234
Provision for credit losses 1,477 2,166 1,968
Noninterest expense      
Compensation and benefits expense 1,857 1,842 1,901
Insurance losses and loss adjustment expenses 616 544 422
Goodwill impairment 305 118 149
Other operating expenses 2,608 2,675 2,691
Total noninterest expense 5,386 5,179 5,163
Income from continuing operations before income tax expense 1,051 836 1,103
Total income tax expense from continuing operations 199 167 144
Net income from continuing operations 852 669 959
Loss from discontinued operations, net of tax 0 (1) (2)
Net income 852 668 957
Net income from continuing operations attributable to common shareholders [1] 742 559 849
Loss from discontinued operations, net of tax [1] 0 (1) (2)
Net income attributable to common shareholders [1] $ 742 $ 558 $ 847
Basic weighted-average common shares outstanding (in shares) [1],[2] 310,015 306,913 303,751
Diluted weighted-average common shares outstanding (in shares) [1],[2] 313,043 310,160 305,135
Basic earnings per common share      
Net income from continuing operations (in dollars per share) [1] $ 2.39 $ 1.82 $ 2.79
Loss from discontinued operations, net of tax (in dollars per share) [1] 0 0 (0.01)
Net income (in dollars per share) [1] 2.39 1.82 2.79
Diluted earnings per common share      
Net income from continuing operations (in dollars per share) [1] 2.37 1.80 2.78
Loss from discontinued operations, net of tax (in dollars per share) [1] 0 0 (0.01)
Net income (in dollars per share) [1] 2.37 1.80 2.77
Cash dividends declared per common share (in dollars per share) [1] $ 1.20 $ 1.20 $ 1.20
[1] Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers.
[2]
(b)Includes shares related to share-based compensation that vested but were not yet issued.
v3.25.4
Consolidated Statement of Comprehensive Income - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Comprehensive Income [Abstract]      
Net income $ 852 $ 668 $ 957
Available-for-sale securities      
Net unrealized gains (losses) arising during the period 673 (158) 260
Net unrealized loss on securities transferred to held-to-maturity 0 0 693
Less: Net realized (losses) gains reclassified to net income (374) 3 4
Net change 1,047 (161) 949
Held-to-maturity securities      
Net unrealized loss on securities transferred from available-for-sale 0 0 (693)
Less: Amortization of amounts previously recorded upon transfer from available-for-sale (65) (66) (11)
Net change 65 66 (682)
Translation adjustments      
Net unrealized gains (losses) arising during the period 8 (13) 5
Net investment hedges      
Net unrealized (losses) gains arising during the period (5) 12 (2)
Translation adjustments and net investment hedges, net change 3 (1) 3
Cash flow hedges      
Net unrealized losses arising during the period (2) (21) (16)
Less: Net realized (losses) gains reclassified to net income (25) (9) 11
Net change 23 (12) (27)
Other comprehensive income (loss), net of tax 1,138 (108) 243
Comprehensive income $ 1,990 $ 560 $ 1,200
v3.25.4
Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Cash and cash equivalents    
Noninterest-bearing $ 405 $ 522
Interest-bearing 9,625 9,770
Total cash and cash equivalents 10,030 10,292
Equity securities 876 871
Available-for-sale securities (amortized cost basis of $25,825 and $26,810) 22,973 22,410
Held-to-maturity securities (fair value of $4,451 and $4,293) 4,371 4,346
Loans held-for-sale, net 549 160
Finance receivables and loans, net    
Finance receivables and loans, net of unearned income 137,454 136,030
Allowance for loan losses (3,490) (3,714)
Total finance receivables and loans, net 133,964 132,316
Investment in operating leases, net 8,772 7,991
Premiums receivable and other insurance assets 2,844 2,790
Other assets 11,623 10,660
Total assets 196,002 191,836
Deposit liabilities    
Noninterest-bearing 125 131
Interest-bearing 151,524 151,443
Total deposit liabilities 151,649 151,574
Short-term borrowings 4,695 1,625
Long-term debt 17,070 17,495
Interest payable 729 890
Unearned insurance premiums and service revenue 3,656 3,535
Accrued expenses and other liabilities 2,705 2,814
Total liabilities 180,504 177,933
Commitments and contingencies (refer to Note 28 and Note 29)
Equity    
Common stock and paid-in capital ($0.01 par value, shares authorized 1,100,000,000; issued 520,355,804 and 515,777,584; and outstanding 308,492,929 and 305,387,550) 22,295 22,142
Preferred stock 2,324 2,324
Retained earnings 633 270
Accumulated other comprehensive loss (2,786) (3,924)
Treasury stock, at cost (211,862,875 and 210,390,034 shares) (6,968) (6,909)
Total equity 15,498 13,903
Total liabilities and equity $ 196,002 $ 191,836
v3.25.4
Consolidated Balance Sheet (Parenthetical) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
Available-for-sale securities, amortized cost $ 25,825 $ 26,810
Held-to-maturity securities, fair value $ 4,451 $ 4,293
Common stock, par value per share (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 1,100,000,000 1,100,000,000
Common stock, shares issued (in shares) 520,355,804 515,777,584
Common stock, shares outstanding (in shares) 308,492,929 305,387,550
Treasury stock, common, shares (in shares) 211,862,875 210,390,034
v3.25.4
Consolidated Balance Sheet (VIEs) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Finance receivables and loans, net $ 137,454 $ 136,030
Allowance for loan losses (3,490) (3,714)
Total finance receivables and loans, net 133,964 132,316
Other assets 11,623 10,660
Total assets 196,002 191,836
Long-term debt 17,070 17,495
Accrued expenses and other liabilities 2,705 2,814
Total liabilities 180,504 177,933
Consumer    
Finance receivables and loans, net 101,140 103,285
Consumer | Automotive    
Finance receivables and loans, net 85,568 83,757
Allowance for loan losses (3,208) (3,170)
On‑balance sheet variable interest entities    
Allowance for loan losses (116) (172)
Total finance receivables and loans, net 2,980 4,333
Other assets 260 333
Total assets 3,240 4,666
Long-term debt 1,479 1,561
Accrued expenses and other liabilities 3 4
Total liabilities 1,482 1,565
On‑balance sheet variable interest entities | Consumer | Automotive    
Finance receivables and loans, net 3,096 4,505
Total assets 12,149 12,821
Total liabilities $ 1,619 $ 1,683
v3.25.4
Consolidated Statement of Changes in Equity - USD ($)
$ in Millions
Total
Adoption of Accounting Standards Update 2023-02
Balance at January 1, 2024
Preferred stock dividends — Series B
Preferred stock dividends — Series C
Common stock and paid-in capital
Common stock and paid-in capital
Balance at January 1, 2024
Preferred stock
Preferred stock
Balance at January 1, 2024
Retained earnings (accumulated deficit)
Retained earnings (accumulated deficit)
Adoption of Accounting Standards Update 2023-02
Retained earnings (accumulated deficit)
Balance at January 1, 2024
Retained earnings (accumulated deficit)
Preferred stock dividends — Series B
Retained earnings (accumulated deficit)
Preferred stock dividends — Series C
Accumulated other comprehensive loss
Accumulated other comprehensive loss
Balance at January 1, 2024
Treasury stock
Treasury stock
Balance at January 1, 2024
Beginning balance at Dec. 31, 2022 $ 12,859         $ 21,816   $ 2,324   $ (384)         $ (4,059)   $ (6,838)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Net income 957                 957                
Preferred stock dividends       $ (63) $ (47)               $ (63) $ (47)        
Share-based compensation 159         159                        
Other comprehensive income (loss) 243                           243      
Common stock repurchases (33)                               (33)  
Common stock dividends (372)                 (372)                
Ending balance at Dec. 31, 2023 13,703 $ (2) $ 13,701     21,975 $ 21,975 2,324 $ 2,324 91 $ (2) $ 89     (3,816) $ (3,816) (6,871) $ (6,871)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Net income 668                 668                
Preferred stock dividends       (63) (47)               (63) (47)        
Share-based compensation 167         167                        
Other comprehensive income (loss) (108)                           (108)      
Common stock repurchases (38)                               (38)  
Common stock dividends (377)                 (377)                
Ending balance at Dec. 31, 2024 13,903         22,142   2,324   270         (3,924)   (6,909)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Net income 852                 852                
Preferred stock dividends       $ (63) $ (47)               $ (63) $ (47)        
Share-based compensation 153         153                        
Other comprehensive income (loss) 1,138                           1,138      
Common stock repurchases (59)                               (59)  
Common stock dividends (379)                 (379)                
Ending balance at Dec. 31, 2025 $ 15,498         $ 22,295   $ 2,324   $ 633         $ (2,786)   $ (6,968)  
v3.25.4
Consolidated Statement of Changes in Equity (Parenthetical) - $ / shares
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Stockholders' Equity [Abstract]      
Cash dividends declared per common share (in dollars per share) [1] $ 1.20 $ 1.20 $ 1.20
[1] Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers.
v3.25.4
Consolidated Statement of Changes in Equity (Second Parenthetical)
 12 Months Ended
Dec. 31, 2023
Statement of Stockholders' Equity [Abstract]  
Accounting Standards Update [Extensible Enumeration] Accounting Standards Update 2023-02 [Member]
v3.25.4
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating activities      
Net income $ 852 $ 668 $ 957
Reconciliation of net income to net cash provided by operating activities      
Depreciation and amortization 1,397 1,199 1,227
Goodwill impairment 305 118 149
Provision for credit losses 1,477 2,166 1,968
Loss (gain) on mortgage and automotive loans, net 35 (24) (16)
Other loss (gain) on investments, net 361 (72) (144)
Originations and purchases of loans held-for-sale (1,932) (2,223) (2,406)
Proceeds from sales and repayments of loans held-for-sale 2,033 2,636 2,811
Net change in      
Deferred income taxes (534) (436) (81)
Interest payable (161) 32 450
Other assets (308) 73 (417)
Other liabilities (33) 127 (91)
Other, net 237 264 150
Net cash provided by operating activities 3,729 4,528 4,557
Investing activities      
Purchases of equity securities (753) (884) (339)
Proceeds from sales of equity securities 877 915 356
Purchases of available-for-sale securities (5,619) (717) (518)
Proceeds from sales of available-for-sale securities 4,270 168 337
Proceeds from repayments of available-for-sale securities 1,876 2,143 2,057
Purchases of held-to-maturity securities (460) 0 0
Proceeds from repayments of held-to-maturity securities 518 476 123
Purchases of finance receivables and loans held-for-investment (5,249) (3,572) (4,233)
Proceeds from sales of finance receivables and loans initially held-for-investment 59 1,400 258
Originations and repayments of finance receivables and loans initially held-for-investment and other, net (771) 3,282 (5,040)
Purchases of operating lease assets (4,275) (3,460) (2,759)
Disposals of operating lease assets 2,583 3,808 3,228
Proceeds from sale of operation or business unit, net 2,412 1,956 0
Net change in nonmarketable equity investments (132) 84 (73)
Other, net (600) (608) (579)
Net cash (used in) provided by investing activities (5,264) 4,991 (7,182)
Financing activities      
Net change in short-term borrowings 3,070 (1,672) 898
Net (decrease) increase in deposits (58) (3,227) 2,342
Proceeds from issuance of long-term debt 4,673 4,337 5,705
Repayments of long-term debt (5,181) (4,484) (4,595)
Repurchases of common stock (59) (38) (33)
Common stock dividends paid (379) (372) (368)
Preferred stock dividends paid (110) (110) (110)
Net cash provided by (used in) financing activities 1,956 (5,566) 3,839
Effect of exchange-rate changes on cash and cash equivalents and restricted cash 8 (12) 3
Net increase in cash and cash equivalents and restricted cash 429 3,941 1,217
Cash and cash equivalents and restricted cash at beginning of year 11,380 7,439 6,222
Cash and cash equivalents and restricted cash at December 31, 11,809 11,380 7,439
Cash paid (received) for      
Interest 6,477 7,354 6,357
Income taxes 359 135 (27)
Noncash items      
Held-to-maturity securities received in consideration for loans sold 0 56 82
Available-for-sale securities transferred to held-to-maturity securities 0 0 3,644
Loans held-for-sale transferred to finance receivables and loans held-for-investment 19 34 208
Deconsolidation of debt related to loans sold 0 0 1,373
Finance receivables and loans held-for-investment transferred to loans held-for-sale 2,790 1,731 3,739
Transfer of nonmarketable equity investments to equity securities 0 0 19
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]      
Cash and cash equivalents on the Consolidated Balance Sheet 10,030 10,292  
Restricted cash and cash equivalents and restricted cash held for securitization trusts included in other assets on the Condensed Consolidated Balance Sheet [1] 1,779 1,088  
Total cash and cash equivalents and restricted cash in the Consolidated Statement of Cash Flows $ 11,809 $ 11,380 $ 7,439
[1] Refer to Note 13 for additional details describing the nature of restricted cash and cash equivalent balances.
v3.25.4
Description of Business, Basis of Presentation, and Significant Accounting Policies
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Description of Business, Basis of Presentation, and Significant Accounting Policies Description of Business, Basis of Presentation, and Significant Accounting Policies
Ally Financial Inc. (together with its consolidated subsidiaries unless the context otherwise requires, Ally, the Company, we, us, or our) is a financial-services company with the nation’s largest all-digital bank and an industry-leading automotive financing and insurance business, driven by a mission to “Do It Right” and be a relentless ally for all stakeholders. The Company serves customers with deposits and securities brokerage and investment advisory services as well as automotive financing and insurance offerings. The Company also includes a seasoned corporate finance business that offers capital for equity sponsors and middle-market companies. Ally is a Delaware corporation and is registered as a BHC under the BHC Act, and an FHC under the GLB Act.
Consolidation and Basis of Presentation
The Consolidated Financial Statements include the accounts of the parent and its consolidated subsidiaries, of which it is deemed to possess control, after eliminating intercompany balances and transactions, and include all VIEs in which we are the primary beneficiary. Refer to Note 11 for further details on our VIEs. Other entities in which we have invested and have the ability to exercise significant influence over operating and financial policies of the investee, but upon which we do not possess control, are accounted for using the equity method of accounting within the financial statements and are therefore not consolidated. Our accounting and reporting policies conform to U.S. GAAP and, where applicable, the policies conform to the accounting and reporting guidelines prescribed by bank regulatory authorities. Certain reclassifications have been made to the prior periods’ financial statements and notes to conform to the current period’s presentation, which did not have a material impact on our Consolidated Financial Statements.
We operate our international subsidiaries in a similar manner as we operate in the United States of America (U.S. or United States), subject to local laws or other circumstances that may cause us to modify our procedures accordingly. The financial statements of subsidiaries that operate outside of the United States generally are measured using the local currency as the functional currency.
Use of Estimates and Assumptions
The preparation of financial statements in conformity with U.S. GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosure, including those of contingent assets and liabilities at the date of the financial statements. It also includes estimates related to the income and expenses during the reporting period and the related disclosures. In developing the estimates and assumptions, we use all available evidence; however, actual results could differ because of uncertainties associated with estimating the amounts, timing, and likelihood of possible outcomes. Our most significant estimates pertain to the allowance for loan losses, the valuations of automotive operating lease assets and residuals, the fair value of financial instruments, and the determination of the provision for income taxes.
Significant Accounting Policies
Cash and Cash Equivalents
Cash and cash equivalents include cash on hand, cash on deposit at other financial institutions, cash items in process of collection, and certain highly liquid investments with original maturities of three months or less from the date of purchase. The book value of cash equivalents approximates fair value because of the short maturities of these instruments and the insignificant risk they present to changes in value with respect to changes in interest rates. We may hold securities with original maturities of three months or less from the date of purchase that are held as part of a longer-term investment strategy and classify them as investment securities. We also hold cash and cash equivalents with legal restrictions limiting our ability to withdraw and use the funds. This includes restricted cash held for securitization trusts and restricted cash and cash equivalents, which are presented as other assets on our Consolidated Balance Sheet.
Investment Securities
Our investment securities portfolio includes various debt securities. Debt securities are classified based on our intent to sell or hold the security. We classify debt securities as held-to-maturity only when we have both the intent and ability to hold the securities to maturity. We classify debt securities as trading when the securities are acquired for the purpose of selling or holding them for a short period of time. Debt securities not classified as either held-to-maturity or trading are classified as available-for-sale.
Available-for-sale securities are carried at fair value with unrealized gains and losses included in accumulated other comprehensive income. Held-to-maturity securities are carried at amortized cost basis.
We establish an allowance for credit losses for lifetime expected credit losses on our held-to-maturity securities, as necessary. The estimate of expected credit losses considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Accrued interest receivable on held-to-maturity securities is excluded from the estimate of credit losses. Our held-to-maturity securities portfolio is mostly composed of U.S. government (issued by U.S. government entities or agencies) and non-agency mortgage-backed residential debt securities. U.S. government securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major ratings agencies, and have a long history of zero credit losses and therefore generally do not require an allowance for credit losses.
We regularly assess our available-for-sale securities for impairment. When the amortized cost basis of an available-for-sale security exceeds its fair value, the security is impaired. If we determine that we intend to sell, or it is more likely than not that we will be required to sell the security before recovery of the amortized cost basis, any previously recorded allowance for credit losses is written off and the security’s amortized cost basis is written down to fair value at the reporting date, with any incremental impairment recorded through earnings.
Alternatively, if we do not intend to sell, or it is not more likely than not that we will be required to sell the security before anticipated recovery of the amortized cost basis, we evaluate, among other factors, the magnitude of the decline in fair value, the financial health of and business outlook for the issuer, and the performance of the underlying assets for interests in securitized assets to determine if a credit loss has occurred.
The present value of expected future cash flows is compared to the security’s amortized cost basis to measure the credit loss component of the impairment after determining a credit loss has occurred. If the present value of expected cash flows is less than the amortized cost basis, we record an allowance for credit losses for that difference. The amount of credit loss is limited to the difference between the security’s amortized cost basis and its fair value. Accrued interest receivable on available-for-sale securities is excluded from the estimate of credit losses. Any remaining impairment that is due to factors other than a credit loss, such as changes in market interest rates, is recorded in other comprehensive income. Changes in the allowance for credit losses are recorded as provision for, or reversal of, provision for credit losses.
Premiums and discounts on debt securities are generally amortized over the stated maturity of the security as an adjustment to investment yield. Premiums on debt securities that have non-contingent call features that are callable at fixed prices on preset dates are amortized to the earliest call date as an adjustment to investment yield.
A debt security is generally placed on nonaccrual status at the time any principal or interest payments become 90 days past due. The receivable for interest income that is accrued but not collected is reversed against interest income when the debt security is placed on nonaccrual status.
Realized gains and losses on the sale of debt securities are determined using the specific identification method and are reported in other (loss) gain on investments, net in our Consolidated Statement of Income.
Equity Securities and Nonmarketable Equity Investments
Equity securities that have a readily determinable fair value are recorded at fair value with changes in fair value recorded in earnings and reported in other (loss) gain on investments, net in our Consolidated Statement of Income. These investments are included in equity securities on our Consolidated Balance Sheet. In some instances, we may account for equity securities using the net asset value practical expedient to estimate fair value. Realized gains and losses on the sale of equity securities with a readily determinable fair value and equity securities measured using the net asset value practical expedient are determined using the specific identification method and are reported in other (loss) gain on investments, net in our Consolidated Statement of Income. Refer to Note 24 for further information on equity securities that are held at fair value.
Our nonmarketable equity investments include investments in FHLB and FRB stock held to meet regulatory requirements and other equity investments that do not have a readily determinable fair value. Our investments in FHLB and FRB stock are carried at cost, less impairment, if any. Our remaining nonmarketable equity investments are recorded at cost, less impairment and adjusted for observable price changes under the measurement alternative provided under U.S. GAAP. These investments, along with our investments in FHLB and FRB stock, are included in nonmarketable equity investments in other assets on our Consolidated Balance Sheet. Investments recorded under the measurement alternative are also reviewed at each reporting period to determine if any adjustments are required for observable price changes in identical or similar securities of the same issuer. As conditions warrant, we review these investments, as well as investments in FHLB and FRB stock, for impairment and adjust the carrying value of the investment if it is deemed to be impaired. Adjustments related to observable price changes or impairment on securities using the measurement alternative and FHLB and FRB stock are recorded in earnings and reported in other income, net of losses in our Consolidated Statement of Income. Realized gains and losses on the sale of nonmarketable equity investments are also recorded in earnings and reported in other income, net of losses in our Consolidated Statement of Income.
Finance Receivables and Loans
We initially classify finance receivables and loans as either loans held-for-sale or loans held-for-investment based on an assessment of our intent and ability to hold the loans for the foreseeable future or until maturity. Our view of the foreseeable future is based on the longest reliable forecasted period, including events known when performing periodic evaluations. Our intent and ability with respect to certain loans may change from time to time depending on a number of factors, for example, economic, liquidity, and capital conditions. In order to reclassify loans to held-for-sale, we must have the intent to sell the loans and must reasonably identify the specific loans to be sold.
Loans classified as held-for-sale are presented as loans held-for-sale, net on our Consolidated Balance Sheet at the lower of their net carrying value or fair value, unless the fair value option was elected, in which case those loans are carried at fair value. For loans originated as held-for-sale for which we have not elected the fair value option, loan origination fees and costs are included in the initial carrying value. Interest income on our loans classified as held-for-sale is recognized based upon the contractual rate of interest on the loan and the unpaid principal balance. We report accrued interest receivable on our loans classified as held-for-sale in other assets on our Consolidated Balance Sheet.
For held-for-sale loans for which we have elected the fair value option, loan origination fees and costs are recognized in earnings when earned or incurred. Prior to ceasing the origination of new mortgage loans during 2025, we elected the fair value option for mortgage direct-to-consumer originations for which we had a commitment to sell. The interest rate lock commitment that we entered into for a mortgage loan originated as held-for-sale and certain forward commitments were considered derivatives, which we carried at fair value on our Consolidated Balance Sheet. We elected the fair value option to measure our nonderivative forward commitments. Changes in the fair value of our interest rate lock commitments, derivative forward commitments, and nonderivative forward commitments related to mortgage loans originated as held-for-sale, as well as changes in the carrying value of loans classified as held-for-sale, were reported through (loss) gain on mortgage and automotive loans, net in our Consolidated Statement of Income.
Loans classified as held-for-investment are presented as finance receivables and loans, net on our Consolidated Balance Sheet. Finance receivables and loans are reported at their amortized cost basis, which includes the principal amount outstanding, net of unamortized deferred fees and costs on originated loans, unamortized premiums and discounts on purchased loans, unamortized basis adjustments arising from the designation of finance receivables and loans as the hedged item in qualifying fair value hedge relationships, and cumulative principal net charge-offs. We refer to the amortized cost basis less the allowance for loan losses as the net carrying value in finance receivables and loans. Unearned rate support received from automotive manufacturers on certain automotive loans, deferred origination fees and costs, and premiums and discounts on purchased loans are amortized over the contractual life of the related finance receivable or loan using the effective interest method. We make various incentive payments for consumer automotive loan originations to automotive dealers and account for these payments as direct loan origination costs. Additionally, we make incentive payments to certain commercial automobile wholesale borrowers and account for these payments as a reduction to interest income in the period they are earned. Interest income on our finance receivables and loans is recognized based on the contractual rate of interest plus the amortization of deferred amounts using the effective interest method, except for origination fees and costs on our credit card loans and revolving lines of credit without scheduled principal payments, which are amortized on a straight line basis. In addition, annual fees on credit cards were amortized into other income, net of losses over a twelve-month period. We report accrued interest receivable on our finance receivables and loans in other assets on our Consolidated Balance Sheet, except for billed interest on our credit card loans, which was included in finance receivables and loans, net. Loan commitment fees are generally deferred and amortized over the commitment period. For information on finance receivables and loans, refer to Note 9.
We have elected to exclude accrued interest receivable from the measurement of our allowance for loan losses for each class of financing receivables, except for billed interest on our credit card loans, which was included in finance receivables and loans, net as part of the amortized cost basis of the loan. We have also elected to write-off accrued interest receivable by reversing interest income when loans are placed on nonaccrual status for each class of finance receivable. This includes the reversal of the billed interest on credit card loans that occurred at the time of charge-off, which was initially included in the measurement of our allowance for loan losses.
Our portfolio segments are based on the level at which we develop and document our methodology for determining the allowance for loan losses. Additionally, the classes of finance receivables are based on several factors, including the method for monitoring and assessing credit risk, the method of measuring carrying value, and the risk characteristics of the finance receivable. Based on an evaluation of our process for developing the allowance for loan losses, including the nature and extent of exposure to credit risk arising from finance receivables, we have determined our portfolio segments to be consumer automotive, consumer mortgage, consumer other, and commercial.
•Consumer automotive — Consists of retail automotive financing for new and used vehicles.
•Consumer mortgage — Consists of consumer first-lien mortgages, subordinate-lien mortgages, and home equity mortgages. Consumer mortgage originations ceased during the second quarter of 2025, which has and will continue to result in a gradual run-off of our consumer mortgage portfolio. In addition, during the fourth quarter of 2025, we transferred $366 million of mortgage loans to held-for-sale. Following the expected sale of these mortgage loans, our consumer mortgage portfolio will be all first-lien fixed-rate mortgages.
•Consumer other — Consists of the following classes of finance receivables.
•Personal Lending — Consists of unsecured consumer lending from point-of-sale financing. On March 1, 2024, we closed the sale of our point-of-sale financing business.
•Credit Card — Consists of consumer credit card loans. On April 1, 2025, we closed the sale of our credit card operations. Refer to Note 2 for further information.
•Commercial — Consists of the following classes of finance receivables.
◦Commercial and Industrial
▪Automotive — Consists of financing operations to fund dealer purchases of new and used vehicles through wholesale floorplan financing. Additional commercial offerings include automotive dealer term loans, revolving lines, and dealer and other fleet financing.
▪Other — Consists primarily of senior secured asset-based and leveraged cash flow loans related to our corporate-finance business.
◦Commercial Real Estate — Consists of term loans primarily secured by dealership land and buildings, and other commercial lending secured by real estate.
Nonaccrual Loans
Generally, we recognize loans of all classes as past due when they are 30 days delinquent on making a contractually required payment, and loans are placed on nonaccrual status when principal or interest has been delinquent for at least 90 days, or when full collection is not expected. Interest income recognition is suspended when finance receivables and loans are placed on nonaccrual status. Additionally, amortization of premiums and discounts and deferred fees and costs ceases when finance receivables and loans are placed on nonaccrual. Exceptions include commercial real estate loans that are placed on nonaccrual status when delinquent for 60 days or when full collection is not probable, if sooner. Additionally, a loan can be returned to accrual status when the loan has been brought fully current, the collection of contractual principal and interest is reasonably assured, and six consecutive months of repayment performance is achieved. In certain cases, if a borrower has been current up to the time of a modification and repayment of the debt subsequent to the modification is reasonably assured, we may choose to continue to accrue interest on the loan.
Nonperforming loans on nonaccrual status are reported in Note 9. For all our portfolio segments, the receivable for interest income that is accrued, but not collected, at the date finance receivables and loans are placed on nonaccrual status is reversed against interest income and subsequently recognized only to the extent it is received in cash or until it qualifies for return to accrual status. However, prior to the sale of Ally Credit Card, billed interest for credit card loans was included in the receivables balance and therefore was not reversed against interest income until the loan was charged-off. Where there is doubt regarding the ultimate collectability of loan principal, all cash received is applied to reduce the carrying value of such loans. Generally, finance receivables and loans are restored to accrual status only when contractually current and the collection of future payments is reasonably assured.
Modifications of Loans with Borrowers Experiencing Financial Difficulty
We may provide a loan modification to a borrower who is experiencing financial difficulty if we believe they have the ability and are willing to repay their loan. The type of modification granted will vary depending on our credit risk management practices, as well as the borrower’s financial condition and the characteristics of the loan, including the unpaid balance, the underlying collateral, and the number or types of previous modifications granted.
Modifications that we make subject to the financial difficulty disclosure requirements include payment extensions, principal forgiveness, interest rate concessions, or any combination thereof. These modifications generally reduce the borrower’s periodic payment amount. The following is a description of each of these types of modifications.
•Payment extensions — Payment extensions include both payment deferrals and contractual maturity extensions. Deferral arrangements allow borrowers to delay a scheduled loan payment to a later date. Deferred loan payments do not affect the original contractual terms of the loan and the contractual maturity date of the loan remains unchanged. Deferrals also include certain forbearance agreements. Within the commercial loan portfolio, deferrals primarily reflect a deferral of interest payments. Under a contractual maturity extension agreement, the last payment date is extended to a future date, lengthening the remaining term of the original loan.
•Principal forgiveness — Under principal forgiveness, the outstanding principal balance of a loan is reduced by a specified amount. Principal forgiveness may occur voluntarily as part of a negotiated agreement with a borrower, or involuntarily through a bankruptcy proceeding. Under these involuntary instances, the bankruptcy court in a Chapter 11 or 13 proceeding may order us to reduce the outstanding principal balance of the loan to a specified amount.
•Interest rate concessions — Interest rate concessions adjust the contractual interest rate of the loan to a rate that is not consistent with a market rate for a customer with similar credit risk.
•Combination — Combination includes loans that have undergone multiple of the above loan modification types. This primarily includes rewritten loans where we grant an interest rate concession and a contractual maturity extension.
Significant judgment is required to determine if a borrower is experiencing financial difficulty. These considerations vary by portfolio class. In all cases, the cumulative impacts of all modifications made within the 12-month period before the current modification are considered at the time of the most recent modification.
For consumer loans of all classes, various qualitative factors are used for assessing the financial difficulty of the borrower. These factors include, but are not limited to, the borrower’s default status on any of its debts, bankruptcy, and recent changes in financial circumstances (for instance, loss of employment). For commercial loans of all classes, similar qualitative factors are considered when assessing the financial difficulty of the borrower. In addition to the previously noted factors, consideration is also given to the borrower’s forecasted ability to service the debt in accordance with the contractual terms, possible regulatory actions, and other potential business disruptions (for example, the loss of a significant customer or other revenue stream).
In our consumer automotive portfolio class of loans, we also provide extensions or deferrals of payments to borrowers whom we deem to be experiencing only temporary financial difficulty. In these cases, there are limits within our operational policies to minimize the number of times a loan can be extended, as well as limits to the length of each extension, and a cumulative extension cap over the life of the loan. If these limits are breached, the modification may require disclosure as noted in the following paragraph. Before offering an extension or deferral, we evaluate the capacity of the customer to make the scheduled payments after the deferral period. During the deferral period, we continue to accrue interest on the loan as part of the deferral agreement. We grant extensions or deferrals when we expect to collect all amounts due including interest accrued at the original contract rate.
We do not disclose loan modifications that result in only an insignificant payment delay. In order to assess whether a payment delay is insignificant, we consider the amount of the modified payments subject to delay in conjunction with the unpaid principal balance or the collateral value of the loan, whether or not the delay is significant with respect to the frequency of payments under the original contract, or the loan’s original expected duration. In the cases where payment extensions cumulatively extend beyond 90 days and are more than 10% of the original contractual term, or where the cumulative payment extension within the 12-month period immediately preceding the current modification is beyond 180 days, we deem the delay in payment to be more than insignificant.
The financial impacts of modifications that meet the definition of a modification to borrowers experiencing financial difficulty are reported in the period in which they are identified. Additionally, if such a loan defaults within 12 months of the modification, we are required to disclose the instances of redefault. A loan is considered to have redefaulted when the loan meets the requirements for evaluation under our charge-off policy, except for commercial loans where redefault is defined as 90 days past due.
Net Charge-offs
We disclose the measurement of net charge-offs as the amount of gross charge-offs recognized less recoveries received. Gross charge-offs reflect the amount of the amortized cost basis directly written-off. Generally, we recognize recoveries when they are received and record them as an increase to the allowance for loan losses.
As a general rule, consumer automotive loans are fully charged off once a loan becomes 120 days past due. In instances where upon becoming 120 days past due repossession is assured and in process, consumer automotive loans are written down to estimated collateral value, less costs to sell. In our consumer mortgage portfolio segment, first-lien mortgages and a subset of our home equity portfolio that are secured by real estate in a first-lien position are written down to the estimated fair value of the collateral, less costs to sell, once a mortgage loan becomes 180 days past due. Consumer mortgage loans that represent second-lien positions were charged off at 180 days past due. In our consumer other segment, prior to being transferred to held-for-sale, loans within our personal lending class of receivables were charged off at 120 days past due and loans in our credit card class of receivables were charged off at 180 days past due. Within 60 days of receipt of notification of filing from the bankruptcy court, or within the time frames noted above, consumer automotive and first-lien consumer mortgage loans in bankruptcy are written down to their expected future cash flows, which is generally fair value of the collateral, less costs to sell, and second-lien consumer mortgage loans and other consumer loans are fully charged-off, unless it can be clearly demonstrated that repayment is likely to occur. Regardless of other timelines noted within this policy, loans are considered collateral-dependent when the borrower is experiencing financial difficulty and repayment of the loan is expected to only be through sale or operation of the collateral. Collateral-dependent loans are charged-off to the estimated fair value of the underlying collateral less costs to sell when foreclosure or repossession proceedings begin.
Commercial loans are individually evaluated and are written down to the estimated fair value of the collateral less costs to sell when collectability of the recorded balance is in doubt. Generally, all commercial loans are charged-off when it becomes unlikely that the borrower is willing or able to repay the remaining balance of the loan and any underlying collateral is not sufficient to recover the outstanding principal.
Collateral-dependent commercial loans are charged-off to the fair value of collateral less costs to sell, when appropriate. Non-collateral dependent loans are fully charged-off.
Allowance for Loan Losses
The allowance for loan losses (the allowance) is deducted from, or added to, the loan’s amortized cost basis to present the net amount expected to be collected from our lending portfolios. We estimate the allowance using relevant available information, which includes both internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Additions and reductions to the allowance are charged to current period earnings through the provision for credit losses and amounts determined to be uncollectible are charged directly against the allowance, net of amounts recovered on previously charged-off accounts. Expected recoveries do not exceed the total of amounts previously charged-off and amounts expected to be charged-off.
Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate. The contractual term only includes expected extensions or renewals, if the extension or renewal option is included in the original or modified contract at the reporting date and we are not able to unconditionally cancel the option. Expected loan modifications are only included in the contractual term, if we have a reasonable expectation at period end that the loan modification will be executed with a borrower.
For the purpose of calculating portfolio-level reserves, we have grouped our loans into four portfolio segments: consumer automotive, consumer mortgage, consumer other, and commercial. The allowance is measured on a collective basis using statistical models when loans have similar risk characteristics. These statistical models are designed to correlate certain macroeconomic variables to expected future credit losses. The macroeconomic data used in the models are based on forecasted factors over a reasonable and supportable forecast period. These forecasted variables are derived from both internal and external sources. Beyond this forecasted period, we revert each variable to a historical average on a straight-line basis. The historical average is calculated predominantly using historical data beginning in January 2008 through the most recent period of available data.
During the second quarter of 2024, we updated our reasonable and supportable forecast period from 12 months to 24 months, and our reversion period from 24 months to 12 months. This refinement to our estimation process represented a change in accounting estimate, with prospective application beginning in the period of change. The impact of this refinement to our estimation process was offset by an adjustment in the qualitative portion of our allowance. The use of a longer-duration reasonable and supportable macroeconomic forecast period to produce the modeled portion of our allowance for loan losses is expected to further improve model performance.
Loans that do not share similar risk characteristics are evaluated on an individual basis and are not included in the collective evaluation.
The allowance calculation is supplemented with qualitative adjustments that take into consideration current portfolio and asset-level factors, such as the impacts of changes in underwriting standards, collections and account management effectiveness, geographic concentrations, and economic events that have occurred but are not yet reflected in the quantitative model component. Qualitative adjustments are documented, reviewed, and approved through our established risk governance processes and follow regulatory guidance.
We also consider the need for a reserve on unfunded loan commitments across our portfolio segments, including lines of credit and standby letters of credit. We estimate expected credit losses over the contractual period in which we are exposed to credit risk, unless we have the option to unconditionally cancel the obligation. Expected credit losses on the commitments include consideration of the likelihood that funding will occur under the commitment and an estimate of expected credit losses on amounts expected to be funded over the estimated life. The reserve for unfunded loan commitments is recorded within accrued expenses and other liabilities on our Consolidated Balance Sheet. Provision for credit losses related to our reserve for unfunded commitments is recorded within provision for credit losses on our Consolidated Statement of Income. Refer to Note 28 for information on our unfunded loan commitments.
Consumer Automotive
The allowance within the consumer automotive portfolio segment is calculated using proprietary statistical models and other risk indicators applied to pools of loans with similar risk characteristics, including credit bureau score and LTV ratios.
The model generates projections of default rates, prepayment rates, loss severity rates, and recovery rates using macroeconomic and historical loan data. These projections are used to develop transition scenarios to predict the portfolio’s migration from the current or past-due status to various future states over the life of the loan. Macroeconomic data used to calculate expected credit losses incorporates light vehicle sales, wholesale used vehicle value index, state-level real personal income, and state-level unemployment rates, with unemployment rates being the most impactful macroeconomic factor in calculating expected lifetime credit losses. The loss severity within the consumer automotive portfolio segment is impacted by the fair values of vehicles that are repossessed. Vehicle values are affected by numerous factors including vehicle supply, the condition of the vehicle upon repossession, the overall price and volatility of fuel, consumer preference related to specific vehicle segments, and other factors. The model output is aggregated to calculate expected lifetime gross credit losses, net of expected recoveries.
Consumer Mortgage
The allowance within the consumer mortgage portfolio segment is calculated using statistical models based on pools of loans with similar risk characteristics. The models incorporate loan and borrower data elements, including LTV ratio, loan age, term, product type, loan balance and credit score.
Expected losses are statistically modeled using behavioral transitions. The models estimate the probability of delinquency, default, and voluntary prepayment over the course of each loan. The transition probability is a function of the data elements and economic variables. When a default event is predicted, a severity model is applied to estimate future loan losses. Loss severity within the consumer mortgage portfolio segment is estimated based on the expected market value of the underlying collateral, considering factors such as property location and macroeconomic data. Macroeconomic data that is used to calculate expected credit losses include interest rates, mortgage rates, home price index, and unemployment rates. The model output is aggregated to calculate expected lifetime credit losses.
Consumer Other
The allowance within our credit card receivables class was calculated by using a statistical model that considers loan-specific and economy-wide factors to project default events, positive closure, EAD, and LGD events across all active loans in the portfolio. Macroeconomic data that is used to calculate expected credit losses include state and national-level unemployment rate, revolving consumer credit, and retail sales. Estimated expected lifetime credit losses are the summation of the simulated losses and recoveries for all credit card loans in the portfolio.
Commercial Loans
The allowance within the commercial loan portfolio segment is calculated using an expected loss framework that uses historical loss experience, concentrations, macroeconomic factors, and performance trends. The determination of the allowance is influenced by numerous assumptions and factors that may materially affect estimates of loss, including changes to the PD, LGD, and EAD. PD factors are determined based on our historical performance data, which considers ongoing reviews of the financial performance of borrowers within our portfolio, including cash flow, debt-service coverage ratio, and an assessment of borrowers’ industry and future prospects. The determination of PD also incorporates historical loss experience and, when necessary, macroeconomic information obtained from external sources. LGD factors consider the type of collateral, relative LTV ratios, and historical loss information. In addition, LGD factors may be influenced by macroeconomic information and situations in which automotive manufacturers repurchase vehicles used as collateral to secure the loans in default situations. EAD factors are derived from outstanding balance levels, including estimated prepayment assumptions based on historical experience.
Refer to Note 9 for information on the allowance for loan losses.
Variable Interest Entities and Securitizations
A legal entity is considered a VIE if, by design, has any of the following characteristics: the equity at risk is insufficient for the entity to finance its activities without additional subordinated financial support or, as a group, the holders of the equity investment at risk lack the ability to directly or indirectly make decisions about the entity’s activities that most significantly impact economic performance through voting or similar rights, do not have the obligation to absorb the expected losses, do not have the right to receive expected residual returns of the entity, or do not have voting rights that are proportionate to their interests and substantially all the activities are conducted on behalf of an investor with a disproportionately small voting interest.
For all VIEs in which we are involved, we assess whether we are the primary beneficiary of the VIE on an ongoing basis. In circumstances where we have both the power to direct the activities that most significantly impact the VIEs’ performance and the obligation to absorb losses or the right to receive the benefits of the VIE that could be significant, we would conclude that we are the primary beneficiary of the VIE and would consolidate the VIE (also referred to as on-balance sheet). In situations where we are not deemed to be the primary beneficiary of the VIE, we do not consolidate the VIE and only recognize our interests in the VIE (also referred to as off-balance sheet).
We are involved in securitizations that typically involve the use of VIEs. For information regarding our securitization activities, refer to Note 11.
In the case of a consolidated on-balance-sheet VIE used for a securitization, the underlying assets remain on our Consolidated Balance Sheet with the corresponding obligations to third-party beneficial interest holders reflected as debt. We recognize income on the assets and interest expense on the debt issued by the VIE on an accrual basis. We reserve for expected losses on the assets primarily under CECL. Consolidation of the VIE precludes us from recording an accounting sale on the transaction.
In securitizations where we are not determined to be the primary beneficiary of the VIE, we must determine whether we achieve a sale for accounting purposes. To achieve a sale for accounting purposes, the financial assets being transferred must be legally isolated, not be constrained by restrictions from further transfer, and be deemed to be beyond our control. We would deem the transaction to be an off-balance-sheet securitization if the preceding three criteria for sale accounting are met. If we were to fail any of these three criteria for sale accounting, the transfer would be accounted for as a secured borrowing, consistent with the preceding paragraph regarding on-balance sheet VIEs.
The gain or loss recognized on off-balance-sheet securitizations takes into consideration any assets received or liabilities assumed, including any retained interests, and servicing assets or liabilities (if applicable), which are initially recorded at fair value at the date of sale. Upon the sale of the financial assets, we recognize a gain or loss on sale for the difference between the assets and liabilities recognized, and the assets derecognized. The financial assets obtained from off-balance-sheet securitizations are primarily reported as cash or if applicable, retained interests. Retained interests are classified as securities or as other assets depending on their form and structure. The estimate of the fair value of the retained interests and servicing requires us to exercise significant judgment about the timing and amount of future cash flows from the interests. For a discussion on fair value estimates, refer to Note 24.
Gains or losses on off-balance-sheet securitizations are reported in (loss) gain on mortgage and automotive loans, net, in our Consolidated Statement of Income.
We retain the right to service our automotive loan securitizations. We may receive servicing fees for off-balance-sheet securitizations based on the securitized asset balances and certain ancillary fees, all of which are reported in other income, net of losses in our Consolidated Statement of Income. Typically, the fee we are paid for servicing represents adequate compensation, and consequently, does not result in the recognition of a servicing asset or liability.
Equity-Method Investments and Proportional Amortization Investments
Our equity-method investments primarily include equity investments related to the CRA, which do not have a readily determinable fair value. The majority of these investments are accounted for using the equity method of accounting and are included in equity-method investments within other assets on our Consolidated Balance Sheet.
On January 1, 2024, we adopted ASU 2023-02, Investments — Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method, which expanded the application of the proportional amortization method to certain tax equity investments. Our proportional amortization investments include tax equity investments related to the CRA, for which the primary return to us is the income tax credits and other income tax benefits we receive. We have elected to apply the proportional amortization method to qualifying tax equity investments within our LIHTC, NMTC, and HTC programs. Under the proportional amortization method, the costs of qualifying tax equity investments are amortized in proportion to the allocation of income tax credits and other income tax benefits in each period to the total income tax benefits expected to be obtained over the life of the investment, and the investment amortization and income tax credits are presented on a net basis as a component of income tax expense. Our proportional amortization investments are included within other assets on our Consolidated Balance Sheet. Our obligations related to unfunded commitments for our proportional amortization investments are included in accrued expenses and other liabilities on our Consolidated Balance Sheet. Income tax credits and other income tax benefits received are recorded in income tax expense of the Consolidated Statement of Income and in net income and as a component of operating activities within deferred income taxes, other assets, and other liabilities of the Consolidated Statement of Cash Flows.
Repossessed and Foreclosed Assets
Assets securing our finance receivables and loans are classified as repossessed and foreclosed and included in other assets on our Consolidated Balance Sheet at the earlier of when physical possession of the collateral is taken or legal title to the underlying collateral is received, which includes the transfer of title through foreclosure or other similar proceedings. Repossessed and foreclosed assets are initially recognized at the lower of the outstanding balance of the loan at the time of repossession or foreclosure or the fair value of the asset less estimated costs to sell. Losses on the initial revaluation of repossessed and foreclosed assets (and generally, declines in value shortly after repossession or foreclosure) are recognized as a charge-off of the allowance for loan losses. Subsequent declines in value are charged to other operating expenses.
Lease Accounting
At contract inception, we determine whether the contract is or contains a lease based on the terms and conditions of the contract. Refer to Investment in Operating Leases below for leases in which we are the lessor. Lease contracts for which we are the lessee are recognized on our Consolidated Balance Sheet as ROU assets and lease liabilities. Lease liabilities and their corresponding ROU assets are initially recorded based on the present value of the future lease payments over the expected lease term. We utilize our incremental borrowing rate, which is the rate we would incur to borrow on a collateralized basis over a similar term on an amount equal to the lease payments in a similar economic environment since the interest rate implicit in the lease contract is typically not readily determinable. The ROU asset also includes initial direct costs paid less lease incentives received from the lessor. Our lease contracts are generally classified as operating and, as a result, we recognize a single lease cost within other operating expenses on the income statement on a straight-line basis over the lease term.
Our leases primarily consist of property leases and fleet vehicle leases. Our property-lease agreements generally contain a lease component, which includes the right to use the real estate, and non-lease components, which generally include utilities and common area maintenance services. We elected the practical expedient to account for the lease and non-lease components in our property leases as a single lease component for recognition and measurement of our ROU assets and lease liabilities. Our property leases that include variable-rent payments made during the lease term that are not based on a rate or index, are excluded from the measurement of the ROU assets and lease liabilities, and are recognized as a component of variable lease expense as incurred. We have elected not to recognize ROU assets and lease liabilities on property leases with terms of one year or less. Our fleet vehicle leases also include a lease component, which includes the right to use the vehicle, and non-lease components, which include maintenance, fuel, and administrative services. However, we have elected to account for the lease and non-lease components in our fleet vehicle leases separately. Accordingly, the non-lease components are excluded from the measurement of the ROU asset and lease liability and are recognized as other operating expenses as incurred.
Investment in Operating Leases
Investment in operating leases, net, represents the vehicles that are underlying our automotive operating lease contracts where we are the lessor and is reported at cost, less accumulated depreciation and net of impairment charges, if any, and origination fees or costs. Depreciation of vehicles is recorded on a straight-line basis over the lease term to an amount that is generally equal to the estimated residual value plus any OEM residual value guarantee. Manufacturer support payments and tax credits that we receive are treated as a reduction to the cost-basis in the underlying operating lease asset, which has the effect of reducing depreciation expense over the life of the contract. Income from
operating lease assets including lease origination fees, net of lease origination costs, is recognized as operating lease revenue on a straight-line basis over the scheduled lease term. We have elected to exclude sales taxes collected from the lessee from our consideration in the lease contract and from variable lease payments that are not included in contract consideration. We accrue rental income on our operating leases when collection is reasonably assured. We generally discontinue the accrual of revenue on operating leases at the time an account is determined to be uncollectible, which we determine to be the earliest of (i) the time of repossession, (ii) within 60 days of bankruptcy notification, unless it can be clearly demonstrated that repayment is likely to occur, or (iii) greater than 120 days past due.
We have significant investments in the residual values of the assets in our operating lease portfolio. The residual values represent an estimate of the values of the assets at the end of the lease contracts. At contract inception, pricing is determined based on the projected residual value of the leased vehicle. This evaluation is primarily based on a proprietary model, which includes variables such as age, expected mileage, seasonality, segment factors, vehicle type, economic indicators, production cycle, automotive manufacturer incentives, and shifts in used vehicle supply. This internally generated data is compared against third-party, independent data for reasonableness. Realization of the residual values is dependent on our future ability to market the vehicles under the prevailing market conditions and in consideration of any OEM residual value guarantees. Over the life of the lease, we may adjust depreciation rates on lease assets based on changes to estimated residual values of the leased vehicles at lease termination. We generally do not depreciate to amounts greater than the lessee purchase price established at origination. We also evaluate the carrying value of our operating lease assets for impairment when we determine an impairment indicator exists. Impairment indicators consider various triggering events, market considerations, and portfolio characteristics. If an impairment indicator exists and the expected undiscounted future cash flows, including remaining lease payments, estimated residual values, and OEM residual guarantees, is less than the carrying amounts of the asset group then we measure the impairment amount. Impairment is measured as the amount by which the carrying value of the operating lease assets exceeds their fair value as estimated by discounted cash flows. No impairment was recognized in 2025, 2024, or 2023.
When a leased vehicle is returned to us, either at the end of the lease term or through repossession, the asset is reclassified from investment in operating leases, net, to other assets and recorded at the lower-of-cost or estimated fair value, less costs to sell, on our Consolidated Balance Sheet. Any losses recognized at this time are recorded as depreciation expense. Subsequent decline in value and any gain or loss recognized at the time of sale is recognized as a remarketing gain or loss and presented as a component of depreciation expense.
Impairment of Long-lived Assets
The net carrying values of long-lived assets (including property and equipment) are evaluated for impairment whenever events or changes in circumstances indicate that their net carrying values may exceed undiscounted future net cash flows. Long-lived assets are considered impaired when the carrying amount is deemed unrecoverable and the carrying amount exceeds fair value. Recoverability is measured by comparing the net carrying amount to future net undiscounted cash flows expected to be generated by the assets. If these assets are considered to be impaired, the impairment is measured as the amount by which the net carrying amount of the assets exceeds the fair value using a discounted cash flow method. No material impairment was recognized in 2025, 2024, or 2023.
An impairment test on an asset group to be sold or otherwise disposed of, is performed upon occurrence of a triggering event or when certain criteria are met (for example, the asset is planned to be disposed of within 12 months, appropriate levels of authority have approved the sale, there is an active program to locate a buyer, etc.), which cause the disposal group to be classified as held-for-sale. Long-lived assets held-for-sale are recorded at the lower of their carrying amount or estimated fair value less cost to sell. If the net carrying value of the assets held-for-sale exceeds the fair value less cost to sell, we recognize an impairment loss based on the excess of the net carrying amount over the fair value of the assets less cost to sell.
Property and Equipment
Property and equipment stated at cost, net of accumulated depreciation and amortization, are reported in other assets on our Consolidated Balance Sheet. Buildings, furniture and fixtures, leasehold improvements, IT hardware and software, and assets under construction are among the types of items included in property and equipment. We begin depreciating these assets when they are ready for their intended use, except for assets under construction, which begin depreciating when they are ready to be placed into service. Depreciation is recorded on a straight-line basis over the estimated useful lives of the assets, which generally ranges from three to thirty years, depending on the asset class. Capitalized software is generally amortized on a straight-line basis over its useful life, which generally ranges from three to five years. Capitalized software that is not expected to provide substantive service potential or for which development costs significantly exceed the amount originally expected is considered impaired and written down to fair value. Software expenditures that are considered general, administrative, or of a maintenance nature are expensed as incurred.
Goodwill and Other Intangibles
Goodwill and intangible assets, net of accumulated amortization, are reported in other assets in our Consolidated Balance Sheet.
Our intangible assets primarily consist of developed technology and acquired customer relationships, and are amortized using a straight-line methodology over their estimated useful lives. We review intangible assets with a definite useful life for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. If it is determined the carrying amount of the asset is not recoverable, an impairment charge is recorded.
Goodwill represents the excess of the cost of an acquisition over the fair value of net assets acquired, including identifiable intangibles. We allocate goodwill to applicable reporting units based on the relative fair value of the other net assets allocated to those reporting units at
the time of the acquisition. In the event we restructure our business, we may reallocate goodwill. We test goodwill for impairment annually as of July 31 of each year, or more frequently if events and changes in circumstances indicate that it is more likely than not that impairment exists. In certain situations, we may perform a qualitative assessment to test goodwill for impairment. We may also decide to bypass the qualitative assessment and perform a quantitative assessment. If we perform the qualitative assessment to test goodwill for impairment and conclude that it is more likely than not that the reporting unit’s fair value is greater than its carrying value, then the quantitative assessment is not required. However, if we perform the qualitative assessment and determine that it is more likely than not that a reporting unit’s fair value is less than its carrying value, then we must perform the quantitative assessment. The quantitative assessment requires us to compare the fair value of each of the reporting units to their respective carrying value. The fair value of the reporting units in our quantitative assessment is determined based on various analyses including discounted cash flow projections using assumptions a market participant would use. If the fair value of a reporting unit exceeds its carrying amount, goodwill is not considered impaired. If the carrying amount of a reporting unit exceeds its fair value, a goodwill impairment loss is recorded for the excess of the carrying value of the reporting unit over its fair value. For additional information related to goodwill impairment losses, refer to Note 13.
Unearned Insurance Premiums and Service Revenue
Insurance premiums, net of premiums ceded to reinsurers, and service revenue are earned over the terms of the policies. The portion of premiums and service revenue written applicable to the unexpired terms of the policies is recorded as unearned insurance premiums or unearned service revenue. For vehicle service, GAP, and maintenance contracts, premiums and service revenues are earned on a basis proportionate to the anticipated cost emergence. For additional information related to these contracts, refer to Note 3. For other short duration contracts, premiums and service revenue are earned on a pro rata basis. For further information, refer to Note 4.
Deferred Insurance Policy and Service Contract Acquisition Costs
Incremental direct costs incurred to originate a policy or service contract are deferred and recorded in premiums receivable and other insurance assets on our Consolidated Balance Sheet. These costs primarily include commissions paid to dealers to originate these policies or service contracts and vary with the production of business. Deferred policy and service contract acquisition costs are amortized over the terms of the related policies and service contracts on the same basis as premiums and service revenue are earned. We group costs incurred for acquiring like contracts and consider anticipated investment income in determining the recoverability of these costs.
Reserves for Insurance Losses and Loss Adjustment Expenses
Reserves for insurance losses and loss adjustment expenses are reported in accrued expenses and other liabilities on our Consolidated Balance Sheet. They are established for the unpaid cost of insured events that have occurred at a point in time. More specifically, the reserves for insurance losses and loss adjustment expenses represent the accumulation of estimates for both reported losses and those incurred, but not reported, including loss adjustment expenses relating to direct insurance and assumed reinsurance agreements.
We use a combination of methods commonly used in the insurance industry, including the chain ladder development factor, expected loss, BF, and frequency and severity methods to determine the ultimate losses for an individual business line as well as accident year basis depending on the maturity of the accident period and business-line specifics. These methodologies are based on different assumptions and use various inputs to develop alternative estimates of losses. The chain ladder development factor is used for more mature years while the expected loss, BF, and frequency and severity methods are used for less mature years. Both paid and incurred loss and loss adjustment expenses are reviewed where available and a weighted average of estimates or a single method may be considered in selecting the final estimate for an individual accident period. We did not change our methodology for developing reserves for insurance losses for the year ended December 31, 2025.
Estimates for salvage and subrogation recoverable are recognized in accordance with historical patterns and netted against the provision for insurance losses and loss adjustment expenses. Reserves are established for each product-type at the lowest meaningful level of homogeneous data. Since the reserves are based on estimates, the ultimate liability may vary from these estimates. The estimates are regularly reviewed and adjustments, which can potentially be significant, are included in earnings in the period in which they are deemed necessary.
Legal and Regulatory Reserves
Liabilities for legal and regulatory matters are accrued and established when those matters present loss contingencies that are both probable and estimable, with a corresponding amount recorded to other operating expenses in our Consolidated Statement of Income. In cases where we have an accrual for losses, we include an estimate for probable and estimable legal expenses related to the case. If, at the time of evaluation, the loss contingency related to a legal or regulatory matter is not both probable and estimable, we do not establish a liability for the contingency. We continue to monitor legal and regulatory matters for further developments that could affect the requirement to establish a liability or that may impact the amount of a previously established liability. There may be exposure to loss in excess of any amounts recognized. For certain other matters where the risk of loss is determined to be reasonably possible, estimable, and material to the financial statements, disclosure regarding details of the matter and an estimated range of loss is required. The estimated range of possible loss does not represent our maximum loss exposure. We also disclose matters that are deemed probable or reasonably possible, material to the financial statements, but for which an estimated range of loss is not possible to determine. While we believe our reserves are adequate, the outcome of legal and regulatory proceedings is extremely difficult to predict, and we may settle claims or be subject to judgments for amounts that differ from our estimates. For information regarding the nature of all material contingencies, refer to Note 29.
Earnings per Common Share
We compute basic earnings per common share by dividing net income from continuing operations attributable to common shareholders after deducting dividends on preferred stock by the weighted-average number of common shares outstanding during the period. We compute diluted earnings per common share by dividing net income from continuing operations after deducting dividends on preferred stock by the weighted-average number of common shares outstanding during the period plus the dilution resulting from incremental shares that would have been outstanding if dilutive potential common shares had been issued (assuming it does not have the effect of antidilution), if applicable.
Derivative Instruments and Hedging Activities
We use derivative instruments primarily for risk management purposes. We do not use derivative instruments for speculative purposes. Certain of our derivative instruments are designated as accounting hedges in qualifying relationships, whereas other derivative instruments have not been designated as accounting hedges. In accordance with applicable accounting standards, all derivative instruments, whether designated as accounting hedges or not, are recorded on the balance sheet as assets or liabilities and measured at fair value. We have elected to report the fair value of derivative assets and liabilities on a gross basis—including the fair value for the right to reclaim cash collateral or the obligation to return cash collateral—arising from instruments executed with the same counterparty under a master netting arrangement where we do not have the intent to offset. The right to claim cash collateral is reported in other assets on our Consolidated Balance Sheet. The obligation to return cash collateral is reported in accrued expenses and other liabilities on our Consolidated Balance Sheet. For additional information on derivative instruments and hedging activities, refer to Note 21.
At the inception of a qualifying hedge accounting relationship, we designate each qualifying relationship as a hedge of the fair value of a specifically identified asset or liability or portfolio of assets (fair value hedge); as a hedge of the variability of cash flows to be received or paid, or forecasted to be received or paid, related to a recognized asset or liability (cash flow hedge); or as a hedge of the foreign-currency exposure of a net investment in a foreign operation (net investment hedge). We formally document all relationships between hedging instruments and hedged items, as well as the risk management objectives for undertaking such hedge transactions. Both at hedge inception and on an ongoing basis, we formally assess whether the derivatives that are used in hedging relationships are highly effective in offsetting changes in fair values or cash flows of hedged items.
Changes in the fair value of derivative instruments qualifying as fair value hedges, along with the gain or loss on the hedged asset or liability attributable to the hedged risk, are recorded in current period earnings. For non-portfolio layer method hedges, the hedge basis (the amount of the change in fair value) is added to (or subtracted from) the carrying amount of the hedged item. For portfolio layer method hedges, the hedge basis does not adjust the carrying value of the hedged item and is instead maintained on a closed portfolio basis. For qualifying cash flow hedges, changes in the fair value of the derivative financial instruments are recorded in accumulated other comprehensive income and recognized in the income statement when the hedged cash flows affect earnings. For a qualifying net investment hedge, the gain or loss is reported in accumulated other comprehensive income as part of the cumulative translation adjustment.
Hedge accounting treatment is no longer applied if a derivative financial instrument is terminated, the hedge designation is removed, or the derivative instrument is assessed to no longer be highly effective. For terminated fair value hedges, the hedge basis remains as part of the basis of the hedged asset or liability and is recognized into income over the remaining life of the asset or liability. For terminated portfolio layer method hedges, the hedge basis associated with the discontinued portion of the hedged item is allocated to the remaining individual assets within the closed portfolio that supported the discontinued hedged layer and is recognized into income over the remaining life of those assets. For terminated cash flow hedges, the changes in fair value of the derivative instrument remain in accumulated other comprehensive income and are recognized in the income statement when the hedged cash flows affect earnings. However, if it is probable that the forecasted cash flows will not occur within a specified period, any changes in fair value of the derivative financial instrument remaining in accumulated other comprehensive income are reclassified into earnings immediately. Any previously recognized gain or loss for a net investment hedge continues to remain in accumulated other comprehensive income until earnings are impacted by a sale or liquidation of the associated foreign operation. In all instances, after hedge accounting is no longer applied, any subsequent changes in fair value of the derivative instrument will be recorded into earnings.
Changes in the fair value of derivative financial instruments held for risk management purposes that are not designated as accounting hedges under U.S. GAAP (economic hedges) are reported in current period earnings.
Income Taxes
Our income tax expense, deferred tax assets and liabilities, and reserves for unrecognized tax benefits reflect our best assessment of estimated current and future taxes to be paid. We are subject to income taxes predominantly in the United States. Significant judgments and estimates are required in determining the consolidated income tax expense.
Deferred income taxes arise from temporary differences between the tax and financial statement recognition of revenue and expense. Deferred tax assets are reduced by a valuation allowance, if based on the weight of all available evidence, it is more likely than not, that some or all of the deferred tax assets will not be realized.
We use the portfolio approach with respect to reclassification of stranded income tax effects in accumulated other comprehensive income.
Our ITCs are generally accounted for using the deferral method and recognized as a reduction of the corresponding asset value. However, ITCs that qualify for proportional amortization treatment are accounted for using the flow-through method and are recognized as a reduction to current income tax expense.
We recognize the financial statement effects of uncertain income tax positions when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Also, we recognize accrued interest and penalties related to liabilities for uncertain income tax positions in interest expense and other operating expenses, respectively. For additional information regarding our provision for income taxes, refer to Note 22.
Share-based Compensation
Our compensation and benefits expenses include the cost of share-based awards issued to employees. For equity classified share-based awards, compensation cost is ratably charged to expense based on the grant date fair value of the awards over the applicable service periods. Liability classified share-based awards are measured quarterly at fair value based on our share price. Compensation cost related to liability classified awards is ratably charged to expense based on the fair value at each reporting date. We have made an accounting policy election to account for forfeitures of share-based awards as they occur. Refer to Note 23 for a discussion of our share-based compensation plans.
Foreign Exchange
Foreign-denominated assets and liabilities resulting from foreign-currency transactions are valued using period-end foreign-exchange rates and the results of operations and cash flows are determined using approximate weighted average exchange rates for the period. Translation adjustments are related to foreign subsidiaries using local currency as their functional currency and are reported as a separate component of accumulated other comprehensive income. Translation gains or losses are reclassified to earnings upon the substantial sale or liquidation of our investments in foreign operations. We may elect to enter into foreign-currency derivatives to mitigate our exposure to changes in foreign-exchange rates. Refer to the Derivative Instruments and Hedging Activities section above for a discussion of our hedging activities of the foreign-currency exposure of a net investment in a foreign operation.
Recently Adopted Accounting Standards
Improvements to Income Tax Disclosures (ASU 2023-09)
In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The purpose of this guidance is to enhance the rate reconciliation and income taxes paid disclosures. This ASU requires that an entity disclose, on an annual basis, specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. For the state and local income tax category of the rate reconciliation, entities must disclose a qualitative description of the states and local jurisdictions that make up the majority (greater than 50 percent) of the category. For the income taxes paid disclosures, entities are required to disclose, on an annual basis, the amount of income taxes paid (net of refunds received) disaggregated by federal, state, and foreign taxes. We adopted the amendments effective for annual reporting beginning January 1, 2025, using the retrospective approach. The impact of these amendments was not material.
Recently Issued Accounting Standards
Expense Disaggregation Disclosures (ASU 2024-03)
In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income (Subtopic 220-40): Expense Disaggregation Disclosures. The purpose of this ASU is to provide additional disclosure that will allow investors to better understand an entity’s performance, better assess an entity’s prospects for future cash flows, and more easily compare an entity’s performance over time and in relation to other similar entities. This ASU will require that an entity disclose, on an interim and annual basis, a disaggregation in the notes to the financial statements of certain income statement line items if the line item includes any of the five required expense categories, which are defined as (1) purchases of inventory, (2) employee compensation, (3) depreciation (including amortization of a finance ROU asset and leasehold improvements), (4) intangible asset amortization, and (5) depletion expense. For the “employee compensation” category, banking entities may continue to present compensation expense on the face of the income statement in accordance with Regulation S-X Rule 210.9-04. The disclosure should include a qualitative description of other expenses included within the income statement line item that are otherwise not disaggregated. This ASU will also require entities to disclose their total selling expenses for each reporting period. Selling expenses are not defined within the ASU, which will require entities to determine and disclose how they define selling expenses on an annual basis. The amendments are effective on January 1, 2027, for annual reporting, and for interim reporting thereafter, with early adoption permitted. The amendments must be applied using either a prospective or retrospective approach. We do not expect the impact of these amendments to be material.
Targeted Improvements to the Accounting for Internal-Use Software (ASU 2025-06)
In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. The purpose of this ASU is to improve the accounting for internal-use software costs by aligning the accounting with modern software development processes. This ASU removes all references to sequential software development project stages from U.S. GAAP, but does not change the types of costs that are eligible to be capitalized. Under the updated guidance, entities will be required to begin capitalizing software project costs when (1) management has authorized and committed to funding the software project and (2) it is probable that the project will be completed, and the software will be used to perform the function intended (called the “probable-to-complete” threshold). When evaluating whether the probable-to-complete threshold is met, entities must consider whether there is significant development uncertainty associated with the software, including determining whether the software project contains technological innovations or novel, unique, or unproven functions or features. Entities should also consider if there are significant performance requirements (e.g., functions or features) of the software project that have not yet been identified or continue to be substantially revised. The amendments do not define what is considered “significant” and instead will require management judgment. The amendments are effective January 1, 2028, with early adoption permitted. The amendments can be applied using a prospective approach, a retrospective approach, or a modified approach that bases the adoption of the amendments on the completion status of the software project as of the adoption date. We are currently evaluating the impact of these amendments.
Purchased Loans (ASU 2025-08)
In November 2025, the FASB issued ASU 2025-08, Financial Instruments—Credit Losses (Topic 326): Purchased Loans. This ASU expands the gross-up approach applied to PCD financial assets to loans that are purchased and considered seasoned, excluding credit card loans, debt securities, and trade receivables accounted for under the revenue recognition guidance. Under the expanded gross-up approach, the amortized cost basis for a seasoned loan receivable will be the purchase price plus the initial measurement of the allowance for loan losses, on the acquisition date. Any remaining discount embedded in the purchase price will be amortized into interest income over the term of the loan. The purchased seasoned loan designation would be evaluated on a loan-by-loan basis. Loans acquired in a business combination would be considered seasoned. For a loan acquired through an asset transfer or by consolidating a VIE, the acquisition must be at least 90 days after loan origination and the acquirer must not have been involved in originating the loan for the loan to be considered seasoned. The amendments are effective January 1, 2027, with early adoption permitted and must be adopted on a prospective basis. We are currently evaluating the impact of these amendments.
v3.25.4
Held-for-sale Operations
 12 Months Ended
Dec. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Held-for-sale Operations Held-for-sale Operations
During the fourth quarter of 2024, we began exploring strategic alternatives for Ally Credit Card, which resulted in a triggering event for goodwill impairment purposes, and recognized an $118 million goodwill impairment charge.
On January 20, 2025, we formally approved our commitment to divest our credit card operations, Ally Credit Card, and entered a definitive agreement with CardWorks, Inc. The assets and liabilities of Ally Credit Card were transferred to assets and liabilities of operations held-for-sale in 2025, and the sale occurred on April 1, 2025. Ally Credit Card was a component of our Corporate and Other segment. The related operating results have been presented within continuing operations in the Consolidated Statement of Income for all periods presented.
In connection with the classification of the operations as held-for-sale, the disposal group was measured at the lower-of-cost or fair value. First, the finance receivables and loans, along with the remaining assets and liabilities, were classified as held-for-sale and measured at the lower-of-cost or fair value. The fair value was determined based on the sales agreement with the third-party purchaser. Next, the carrying value of the disposal group was compared to fair value, which resulted in a goodwill impairment charge. Lastly, we recorded a valuation allowance on other assets related to estimated selling expenses. As a result, we recognized a net pretax loss of $8 million during the year ended December 31, 2025, which was comprised of a benefit of $306 million to our provision for credit losses, offset by a $2 million asset impairment related to Ally Credit Card branded plastics, a goodwill impairment charge of $305 million, and a valuation allowance on other assets of $7 million. We do not expect to recognize any significant incremental costs related to this transaction.
v3.25.4
Revenue from Contracts with Customers
 12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
Our primary revenue sources, which include financing revenue and other interest income, are addressed by other U.S. GAAP topics and are not in the scope of ASC Topic 606, Revenue from Contracts with Customers. As part of our Insurance operations, we recognize revenue from insurance contracts, which are addressed by other U.S. GAAP topics and are not included in the scope of this standard. Certain noninsurance contracts within our Insurance operations, including VSCs, GAP contracts, and VMCs, are included in the scope of this standard. All revenue associated with noninsurance contracts is recognized over the contract term on a basis proportionate to the anticipated cost emergence. Further, commissions and sales expense incurred to obtain these contracts are amortized over the terms of the related policies and service contracts on the same basis as premiums and service revenue are earned, and all advertising costs are recognized as expense when incurred.
The following is a description of our primary revenue sources that are derived from contracts with customers. Revenue from contracts with customers is recognized when control of the promised goods or services is transferred to our customers, and in an amount that reflects the consideration that we expect to receive in exchange for those goods or services. For information regarding our revenue recognition policies outside the scope of the revenue recognition principles of ASC Topic 606, Revenue from Contracts with Customers, refer to Note 1.
•Noninsurance contracts — We sell VSCs that offer owners mechanical repair protection and roadside assistance for new and used vehicles beyond the manufacturer’s new vehicle limited warranty. We sell GAP contracts that protect the customer against having
to pay certain amounts to a lender above the fair market value of their vehicle if the vehicle is damaged and declared a total loss or stolen. We also sell VMCs that provide coverage for certain agreed-upon services, such as oil changes and tire rotations, over the coverage period. We receive payment in full at the inception of each of these contracts. Our performance obligation for these contracts is satisfied over the term of the contract and we recognize revenue over the contract term on a basis proportionate to the anticipated incurrence of costs, as we believe this is the most appropriate method to measure progress towards satisfaction of the performance obligation. This revenue is recorded within insurance premiums and service revenue earned in our Consolidated Statement of Income, while associated cancellation and transfer fees are recorded as other income.
•Sale of off-lease vehicles — When a customer’s vehicle lease matures, the customer generally has the option of purchasing or returning the vehicle. If the vehicle is returned to us, we obtain possession with the intent to sell through SmartAuction—our online auction platform, our dealer channel, or through various other physical auctions. Our performance obligation is satisfied and the remarketing gain or loss is recognized when control of the vehicle has passed to the buyer, which coincides with the sale date. Our actual sales proceeds from remarketing the vehicle may be higher or lower than the estimated residual value, after adjusting for any OEM residual value guarantees, resulting in a gain or loss on remarketing recorded through depreciation expense on operating lease assets in our Consolidated Statement of Income.
•Remarketing fee income — In addition to using SmartAuction as a remarketing channel for our returned lease vehicles, we maintain the SmartAuction internet auction site and administer the auction process for third-party use. We earn a service fee from dealers for every third-party vehicle sold through SmartAuction. Our performance obligation is to provide the online marketplace for used vehicle transactions to be consummated. This obligation is satisfied and revenue is recognized when control of the vehicle has passed to the buyer, which coincides with the sale date. This revenue is recorded as remarketing fees within other income in our Consolidated Statement of Income.
•Brokerage commissions and other revenues through Ally Invest — We charge fees to customers related to their use of certain services on our Ally Invest digital advisory and online brokerage platform. These fees include commissions on low-priced securities, option contracts, certain other security types, account service fees, account management fees on professional portfolio management services, and other ancillary fees. Commissions on customer-directed trades and account service fees are based on published fee schedules and are generated from a customer option to purchase the services offered under the contract. These options do not represent a material right and are only considered a contract when the customer executes their option to purchase these services. Based on this, the term of the contract does not extend beyond the services provided, and accordingly revenue is recognized upon the completion of our performance obligation, which we view as the successful execution of the trade or service. Revenue on professional portfolio management services is calculated monthly based upon a fixed percentage of the client’s assets under management. Due to the fact that this revenue stream is composed of variable consideration that is based on factors outside of our control, we have deemed this revenue as constrained and we are unable to estimate the initial transaction price at the inception of the contract. We have elected to use the practical expedient under U.S. GAAP to recognize revenue monthly based on the amount we are able to invoice the customer. Additionally, we earn revenue when we route customers’ orders to market makers, who then execute customers’ trades. The market makers compensate us for the right to fill the customers’ orders. We also earn revenue from a fee-sharing agreement with our clearing broker related to the interest fee income the clearing broker earns on customer cash balances, securities lending, and margin loans made to our customers. We concluded the initial transaction price is exclusively variable consideration and, based on the nature of our performance obligation to allow the clearing broker to collect interest fee income from cash deposits and customer loans from our customers, we are unable to determine the amount of revenue to be recognized until the total customer cash balance or the total interest income recognized on margin loans has been determined, which occurs monthly. These revenue streams are recorded as other income in our Consolidated Statement of Income.
•Brokered/agent commissions through Insurance operations — We have agreements with third parties to offer various vehicle protection products to consumers. We also have agreements with third-party insurers to offer various insurance coverages to dealers. Our performance obligation for these arrangements is satisfied when a customer or dealer has purchased a vehicle protection product or an insurance policy through the third-party provider. In determining the initial transaction price for these agreements, we noted that revenue on brokered/agent commissions is based on the volume of vehicle protection product contracts sold or a percentage of insurance premium written, which is not known to us at the inception of the agreements with these third-party providers. We concluded the initial transaction price is exclusively variable consideration and, based on the nature of the performance obligation, we are unable to determine the amount of revenue we will record until the customer purchases a vehicle protection product or a dealer purchases an insurance policy from the third-party provider. Once we are notified of vehicle protection product sales or insurance policies issued by the third-party providers, we record the commission earned as insurance premiums and service revenues earned in our Consolidated Statement of Income.
•Banking fees and interchange income — We charge depositors various account service fees including those for outgoing wires, excessive transactions, stop payments, and returned deposits. These fees are generated from a customer option to purchase services offered under the contract. These options do not represent a material right and are only considered a contract in accordance with the revenue recognition principles when the customer exercises their option to purchase these account services. Based on this, the term for our contracts with customers is considered day-to-day, and the contract does not extend beyond the services already provided. Revenue derived from deposit account fees is recorded at the point in time we perform the requested service, and is recorded as other income in our Consolidated Statement of Income. As a debit and credit card issuer, we also generated interchange fee income from merchants during debit and credit card transactions and incurred certain corresponding charges from merchant card networks.
For debit card transactions, our performance obligation is satisfied when we have initiated the payment of funds from a customer’s account to a merchant through our contractual agreements with the merchant card networks. For credit card transactions, our performance obligation was satisfied at the time each transaction was captured for settlement with the interchange networks. Interchange fees are reported net of processing fees and customer rewards as other income in our Consolidated Statement of Income.
•Other revenue — Other revenue primarily includes service revenue related to various account management functions and fee income derived from third-party lenders arranged through our online automotive lender exchange. These revenue streams are recorded as other income in our Consolidated Statement of Income.
The following table presents a disaggregated view of our revenue from contracts with customers included in other revenue that falls within the scope of the revenue recognition principles of ASC Topic 606, Revenue from Contracts with Customers.
Year ended December 31, ($ in millions)
Automotive Finance operationsInsurance operationsCorporate Finance operationsCorporate and OtherConsolidated
2025
Revenue from contracts with customers
Noninsurance contracts (a) (b) (c)$— $966 $— $— $966 
Remarketing fee income116 — — — 116 
Brokerage commissions and other revenue— — — 82 82 
Banking fees and interchange income (d)— — — 39 39 
Brokered/agent commissions— 14 — — 14 
Other22 2 — 3 27 
Total revenue from contracts with customers
138 982 — 124 1,244 
All other revenue
251 614 104 (475)494 
Total other revenue (e)$389 $1,596 $104 $(351)$1,738 
2024
Revenue from contracts with customers
Noninsurance contracts (a) (b) (c)$— $909 $— $— $909 
Remarketing fee income112 — — — 112 
Brokerage commissions and other revenue— — — 88 88 
Banking fees and interchange income (d)— — — 47 47 
Brokered/agent commissions— 20 — — 20 
Other19 3 — — 22 
Total revenue from contracts with customers
131 932 — 135 1,198 
All other revenue232 575 123 39 969 
Total other revenue (e)$363 $1,507 $123 $174 $2,167 
2023
Revenue from contracts with customers
Noninsurance contracts (a) (b) (c)$— $686 $— $— $686 
Remarketing fee income117 — — — 117 
Brokerage commissions and other revenue— — — 89 89 
Banking fees and interchange income (d)— — — 44 44 
Brokered/agent commissions— 13 — — 13 
Other18 1 — — 19 
Total revenue from contracts with customers135 700 — 133 968 
All other revenue186 728 104 27 1,045 
Total other revenue (e)$321 $1,428 $104 $160 $2,013 
(a)We had opening balances of $3.0 billion in unearned revenue associated with outstanding contracts at January 1, 2025, 2024, and 2023, and $954 million, $973 million, and $973 million of these balances were recognized as insurance premiums and service revenue earned in our Consolidated Statement of Income during the years ended December 31, 2025, 2024, and 2023, respectively.
(b)At December 31, 2025, we had unearned revenue of $3.0 billion associated with outstanding contracts, and with respect to this balance we expect to recognize revenue of $857 million in 2026, $713 million in 2027, $560 million in 2028, $403 million in 2029, and $458 million thereafter. We had unearned revenue of $3.0 billion associated with outstanding contracts at both December 31, 2024, and 2023.
(c)We had deferred insurance assets of $1.8 billion at December 31, 2025, 2024, and 2023. We recognized $553 million, $577 million, and $580 million of expense during the years ended December 31, 2025, 2024, and 2023, respectively.
(d)Interchange income is reported net of customer rewards related to Ally Credit Card. Customer rewards expense was $6 million, $28 million, and $20 million for the years ended December 31, 2025, 2024, and 2023, respectively. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
(e)Represents a component of total net revenue. Refer to Note 26 for further information on our reportable operating segments.
In addition to the components of other revenue presented above, as part of our Automotive Finance operations, we recognized net remarketing losses on the sale of off-lease vehicles of $28 million for the year ended December 31, 2025, compared to net remarketing gains of $132 million and $211 million for the years ended December 31, 2024, and 2023, respectively. These gains and losses are included in depreciation expense on operating lease assets in our Consolidated Statement of Income. Refer to Note 10 for additional information.
v3.25.4
Insurance Premiums and Service Revenue
 12 Months Ended
Dec. 31, 2025
Insurance Premiums and Service Revenue [Abstract]  
Insurance Premiums and Service Revenue Disclosure Insurance Premiums and Service Revenue
The following table is a summary of insurance premiums and service revenue written and earned.
202520242023
Year ended December 31, ($ in millions)
WrittenEarnedWrittenEarnedWrittenEarned
Insurance premiums
Direct$748 $650 $622 $564 $476 $446 
Assumed90 112 122 113 93 68 
Gross insurance premiums838 762 744 677 569 514 
Ceded(328)(280)(275)(258)(265)(238)
Net insurance premiums510 482 469 419 304 276 
Service revenue993 968 1,003 994 971 995 
Insurance premiums and service revenue written and earned
$1,503 $1,450 $1,472 $1,413 $1,275 $1,271 
v3.25.4
Other Income, Net of Losses
 12 Months Ended
Dec. 31, 2025
Other Nonoperating Income (Expense) [Abstract]  
Other Income, Net of Losses Other Income, Net of Losses
Details of other income, net of losses, were as follows.
Year ended December 31, ($ in millions)
202520242023
Late charges and other administrative fees$154 $197 $198 
Remarketing fees116 112 117 
Income from equity-method investments (a)81 20 4 
Other, net333 329 263 
Total other income, net of losses (b)$684 $658 $582 
(a)Refer to Note 13 for further information on our equity-method investments.
(b)Includes the activity of Ally Credit Card prior to the sale on April 1, 2025, and Ally Lending prior to the sale on March 1, 2024. Refer to Note 2 for additional information on Ally Credit Card.
v3.25.4
Reserves for Insurance Losses and Loss Adjustment Expenses
 12 Months Ended
Dec. 31, 2025
Short-Duration Insurance Contracts, Liability for Unpaid Claims and Allocated Claim Adjustment Expense, Net [Abstract]  
Reserves for Insurance Losses and Loss Adjustment Expenses Reserves for Insurance Losses and Loss Adjustment Expenses
The following table shows incurred claims and allocated loss adjustment expenses, net of reinsurance.
For the years ended December 31, ($ in millions)
December 31, 2025
($ in millions)
(unaudited supplementary information)Total of incurred-but-not-reported liabilities plus expected development on reported claims (a)Cumulative number of reported claims (a)
Accident year2016201720182019202020212022202320242025
2016$326 $327 $328 $328 $328 $328 $328 $328 $328 $328 $— 476,057 
2017310 314 315 315 315 315 315 315 315 — 481,751 
2018271 272 272 273 273 272 273 273 — 506,455 
2019303 306 305 305 305 305 305 — 542,372 
2020343 339 339 339 340 340 — 494,553 
2021243 237 237 237 238 — 493,792 
2022258 267 269 276 3 514,330 
2023385 403 416 7 606,304 
2024488 493 17 659,618 
2025552 86 754,932 
Total
$3,536 
(a)Claims are reported on a claimant basis in a given accident year. Claimant is defined as one vehicle for GAP products, one repair for VSCs and VMCs, one dealership for dealer inventory products, and per individual/coverage for most other products.
The following table shows cumulative paid claims and allocated loss adjustment expenses, net of reinsurance.
For the years ended December 31, ($ in millions)
(unaudited supplementary information)
Accident year2016201720182019202020212022202320242025
2016$302 $327 $328 $328 $328 $328 $328 $328 $328 $328 
2017289 315 315 315 315 315315 315 315 
2018245 273 273 273 273272 273 273 
2019278 306 305 305305 305 305 
2020313 339 339340 340 340 
2021213 236237 237 237 
2022225260 265 271 
2023328 387 402 
2024390 462 
2025450 
Total3,383 
All outstanding liabilities for loss and allocated loss adjustment expenses before 2016, net of reinsurance8 
Reserves for insurance losses and allocated loss adjustment expenses, net of reinsurance
$161 
The following table shows the average annual percentage payout of incurred claims by age, net of reinsurance. The information presented is unaudited supplementary information.
Year12345678910
Percentage payout of incurred claims
87.8 %11.0 %0.9 %0.3 %— %— %— %— %— %— %
The following table shows a reconciliation of the disclosures of incurred and paid claims development to the reserves for insurance losses and loss adjustment expenses.
December 31, ($ in millions)
202520242023
Reserves for insurance losses and loss adjustment expenses, net of reinsurance
$161 $126 $71 
Total reinsurance recoverable on unpaid claims69 60 66 
Unallocated loss adjustment expenses3 3 3 
Total gross reserves for insurance losses and loss adjustment expenses$233 $189 $140 
The following table shows a rollforward of our reserves for insurance losses and loss adjustment expenses.
($ in millions)202520242023
Total gross reserves for insurance losses and loss adjustment expenses at January 1,$189 $140 $119 
Less: Reinsurance recoverable60 66 72 
Net reserves for insurance losses and loss adjustment expenses at January 1,129 74 47 
Net insurance losses and loss adjustment expenses incurred related to:
Current year589 521 414 
Prior years (a)27 23 8 
Total net insurance losses and loss adjustment expenses incurred616 544 422 
Net insurance losses and loss adjustment expenses paid or payable related to:
Current year(484)(420)(354)
Prior years(97)(69)(41)
Total net insurance losses and loss adjustment expenses paid or payable(581)(489)(395)
Net reserves for insurance losses and loss adjustment expenses at December 31,164 129 74 
Plus: Reinsurance recoverable (b)69 60 66 
Total gross reserves for insurance losses and loss adjustment expenses at December 31, (c)$233 $189 $140 
(a)There have been no material adverse changes to the reserve for prior years.
(b)Included in premiums receivable and other insurance assets on our Consolidated Balance Sheet.
(c)Included in accrued expenses and other liabilities on our Consolidated Balance Sheet.
v3.25.4
Other Operating Expenses
 12 Months Ended
Dec. 31, 2025
Operating Expenses [Abstract]  
Other Operating Expenses Other Operating Expenses
Details of other operating expenses were as follows.
Year ended December 31, ($ in millions)
202520242023
Insurance commissions$628 $647 $636 
Technology and communications429 438 436 
Advertising and marketing259 285 308 
Property and equipment depreciation243 224 196 
Lease and loan administration179 181 210 
Regulatory and licensing fees157 180 205 
Professional services145 147 145 
Vehicle remarketing and repossession129 129 116 
Amortization of intangible assets (a)3 19 25 
Other436 425 414 
Total other operating expenses (b)$2,608 $2,675 $2,691 
(a)Refer to Note 1 and Note 13 for further information on our intangible assets.
(b)Includes the activity of Ally Credit Card prior to the sale on April 1, 2025, and Ally Lending prior to the sale on March 1, 2024. Refer to Note 2 for additional information on Ally Credit Card.
v3.25.4
Investment Securities
 12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Investment Securities Investment Securities
Our investment portfolio includes various debt and equity securities. Our debt securities, which are classified as available-for-sale or held-to-maturity, include government securities, corporate bonds, asset-backed securities, and mortgage-backed securities. The amortized cost basis, fair value, and gross unrealized gains and losses on available-for-sale and held-to-maturity securities were as follows.
20252024
Amortized cost basisGross unrealized
Fair value
Amortized cost basisGross unrealized
Fair value
December 31, ($ in millions)
gainslossesgainslosses
Available-for-sale securities
Debt securities
U.S. Treasury and federal agencies$2,308 $22 $(51)$2,279 $2,073 $— $(200)$1,873 
U.S. States and political subdivisions624 1 (74)551 704 — (87)617 
Foreign government191 1 (4)188 198 1 (5)194 
Agency mortgage-backed residential (a)14,966 19 (2,084)12,901 16,765 — (3,112)13,653 
Mortgage-backed residential230 — (32)198 249 — (43)206 
Agency mortgage-backed commercial (a)5,540 14 (622)4,932 4,819 1 (836)3,984 
Asset-backed12 — — 12 131 — (2)129 
Corporate debt1,954 19 (61)1,912 1,871 3 (120)1,754 
Total available-for-sale securities (b) (c) (d) (e) (f)$25,825 $76 $(2,928)$22,973 $26,810 $5 $(4,405)$22,410 
Held-to-maturity securities
Debt securities
Agency mortgage-backed residential$1,303 $8 $(157)$1,154 $935 $— $(196)$739 
Mortgage-backed residential3,018 228 — 3,246 3,323 142 — 3,465 
Asset-backed retained notes50 1 — 51 88 1 — 89 
Total held-to-maturity securities (d) (f) (g)$4,371 $237 $(157)$4,451 $4,346 $143 $(196)$4,293 
(a)Fair value includes basis adjustments for securities in closed portfolios with active hedges under the portfolio layer method. This includes a $13 million asset and a $72 million liability for agency mortgage-backed residential securities at December 31, 2025, and December 31, 2024, respectively, and a $33 million asset and a $34 million liability for agency mortgage-backed commercial securities at December 31, 2025, and December 31, 2024. These basis adjustments would be allocated to the amortized cost basis of specific securities within the pool if the hedge was dedesignated. Refer to Note 21 for additional information.
(b)Certain available-for-sale securities are included in fair value hedging relationships. Refer to Note 21 for additional information.
(c)Certain entities related to our Insurance operations are required to deposit securities with state regulatory authorities. These deposited securities totaled $14 million and $13 million at December 31, 2025, and December 31, 2024, respectively.
(d)Investment securities with a fair value of $3.7 billion and $3.4 billion were pledged as collateral at December 31, 2025, and December 31, 2024, respectively. This primarily included $2.7 billion and $2.9 billion pledged to secure advances from the FHLB at December 31, 2025, and December 31, 2024, respectively. This also included securities pledged for other purposes as required by contractual obligations or law, under which agreements we granted the counterparty the right to sell or pledge $932 million and $439 million of the underlying available-for-sale securities at December 31, 2025, and December 31, 2024, respectively.
(e)Totals do not include accrued interest receivable, which was $87 million and $73 million at December 31, 2025, and December 31, 2024, respectively. Accrued interest receivable is included in other assets on our Consolidated Balance Sheet.
(f)There was no allowance for credit losses recorded at both December 31, 2025, and December 31, 2024, as management determined that there were no expected credit losses in our portfolio of available-for-sale and held-to-maturity securities.
(g)Totals do not include accrued interest receivable, which was $13 million and $12 million at December 31, 2025, and December 31, 2024, respectively. Accrued interest receivable is included in other assets on our Consolidated Balance Sheet.
As of December 31, 2024, we did not have the intent to sell available-for-sale securities in an unrealized loss position and we did not believe it was more likely than not that we would be required to sell these securities before recovery of their amortized cost basis. In the first quarter of 2025, we executed a balance sheet repositioning of a portion of our available-for-sale securities as a result of our capital allocation planning related to the sale of Ally Credit Card. In connection with the repositioning, we sold lower-yielding securities with an amortized cost basis of approximately $4.6 billion for proceeds of $4.1 billion, resulting in a pre-tax loss of $495 million during the year ended December 31, 2025. We reinvested the proceeds in shorter duration, highly liquid securities at market rates at the trade date. As of December 31, 2025, we did not have the intent to sell available-for-sale securities in an unrealized loss position and we do not believe it is more likely than not that we will be required to sell these securities before recovery of their amortized cost basis.
The maturity distribution of debt securities outstanding is summarized in the following tables based upon contractual maturities. Call or prepayment options may cause actual maturities to differ from contractual maturities.
TotalDue in one year or lessDue after one year through five yearsDue after five years through ten yearsDue after ten years
($ in millions)AmountYieldAmountYieldAmountYieldAmountYieldAmountYield
December 31, 2025
Fair value of available-for-sale securities (a)
U.S. Treasury and federal agencies$2,279 3.4 %$84 0.8 %$1,771 3.9 %$424 2.0 %$— — %
U.S. States and political subdivisions551 3.4 48 4.8 50 3.7 65 4.3 388 3.1 
Foreign government188 2.8 14 2.0 75 2.3 99 3.3 — — 
Agency mortgage-backed residential (b)12,901 2.9 — — 1 2.8 — — 12,900 2.9 
Mortgage-backed residential198 2.7 — — — — — — 198 2.7 
Agency mortgage-backed commercial (b)4,932 2.7 87 3.4 1,453 3.5 2,314 2.4 1,078 2.3 
Asset-backed12 1.5 — — 12 1.5 — — — — 
Corporate debt1,912 3.4 232 2.4 866 2.5 679 4.6 135 5.5 
Total available-for-sale securities$22,973 3.0 $465 2.5 $4,228 3.4 $3,581 2.9 $14,699 2.9 
Amortized cost basis of available-for-sale securities$25,825 $468 $4,298 $3,968 $17,091 
Amortized cost basis of held-to-maturity securities (c)
Agency mortgage-backed residential$1,303 3.5 %$— — %$— — %$— — %$1,303 3.5 %
Mortgage-backed residential3,018 2.8 — — 5 2.9 1 5.5 3,012 2.8 
Asset-backed retained notes
50 5.4 — — 35 5.3 15 5.7 — — 
Total held-to-maturity securities
$4,371 3.0 $— — $40 5.0 $16 5.7 $4,315 3.0 
December 31, 2024
Fair value of available-for-sale securities (a)
U.S. Treasury and federal agencies$1,873 1.6 %$54 1.0 %$1,087 1.5 %$732 1.9 %$— — %
U.S. States and political subdivisions617 3.4 33 6.2 72 3.1 86 4.1 426 3.2 
Foreign government194 2.7 33 2.1 51 2.5 110 2.9 — — 
Agency mortgage-backed residential (b)13,653 2.6 — — 7 2.0 23 2.5 13,623 2.6 
Mortgage-backed residential206 2.7 — — — — — — 206 2.7 
Agency mortgage-backed commercial (b)3,984 2.5 23 3.1 339 3.7 1,724 2.5 1,898 2.1 
Asset-backed129 1.5 — — 128 1.5 1 4.0 — — 
Corporate debt1,754 3.1 184 3.0 754 2.6 695 3.3 121 5.3 
Total available-for-sale securities$22,410 2.5 $327 2.3 $2,438 2.2 $3,371 2.6 $16,274 2.6 
Amortized cost basis of available-for-sale securities$26,810 $330 $2,579 $3,844 $20,057 
Amortized cost basis of held-to-maturity securities (c)
Agency mortgage-backed residential
$935 2.7 %$— — %$— — %$— — %$935 2.7 %
Mortgage-backed residential3,323 2.8 — — — — 9 3.1 3,314 2.8 
Asset-backed retained notes
88 5.4 — — 64 5.3 24 5.6 — — 
Total held-to-maturity securities
$4,346 2.9 $— — $64 5.3 $33 5.0 $4,249 2.8 
(a)Yield is calculated using the effective yield of each security at the end of the period, weighted based on the fair value by security for the securities within each maturity distribution range. The effective yield considers the contractual coupon and amortized cost basis inclusive of hedge basis adjustments for dedesignated hedges, and excludes expected capital gains and losses. Yield does not consider hedging effects for securities in active hedges.
(b)Fair value includes basis adjustments for securities in closed portfolios with active hedges under the portfolio layer method. This includes a $13 million asset and a $72 million liability for agency mortgage-backed residential securities at December 31, 2025, and December 31, 2024, respectively, and a $33 million asset and a $34 million liability for agency mortgage-backed commercial securities at December 31, 2025, and December 31, 2024, respectively. These basis adjustments would be allocated to the amortized cost basis of specific securities within the pool if the hedge was dedesignated. Refer to Note 21 for additional information.
(c)Yield is calculated using the effective yield of each security at the end of the period, weighted based on amortized cost basis by security for the securities within each maturity distribution range. The effective yield considers the contractual coupon and amortized cost basis and excludes capital gains, capital losses, and the premium or discount on securities transferred from available-for-sale to held-to-maturity.
The balances of cash equivalents were $107 million and $106 million at December 31, 2025, and December 31, 2024, respectively, and were composed primarily of money-market funds.
The following table presents interest and dividends on investment securities.
Year ended December 31, ($ in millions)
202520242023
Taxable interest$891 $952 $938 
Taxable dividends21 22 20 
Interest and dividends exempt from U.S. federal income tax23 22 22 
Interest and dividends on investment securities$935 $996 $980 
The following table presents gross gains and losses realized upon the sales of available-for-sale securities, and net gains or losses on equity securities held during the period.
Year ended December 31, ($ in millions)
202520242023
Available-for-sale securities
Gross realized gains$5 $3 $5 
Gross realized losses (a)(496)— — 
Net realized (loss) gain on available-for-sale securities(491)3 5 
Net realized gain on equity securities79 75 32 
Net unrealized gain (loss) on equity securities51 (6)107 
Other (loss) gain on investments, net$(361)$72 $144 
(a)Includes losses reclassified from accumulated other comprehensive loss related to the balance sheet repositioning of our available-for-sale securities portfolio.
The following table presents the credit quality of our held-to-maturity securities, based on the latest available information as of December 31, 2025, and December 31, 2024. The credit ratings are sourced from nationally recognized statistical rating organizations, which include S&P, Moody’s, Fitch, and DBRS. The ratings presented are a composite of the ratings sourced from the agencies or, if the ratings cannot be sourced from the agencies, are based on the asset type of the particular security. All our held-to-maturity securities were current in their payment of principal and interest as of both December 31, 2025, and December 31, 2024. We have not recorded any interest income reversals on our held-to-maturity securities during the years ended December 31, 2025, or December 31, 2024.
December 31, ($ in millions)
AAAAAABBBTotal (a)
2025
Debt securities
Agency mortgage-backed residential$— $1,303 $— $— $1,303 
Mortgage-backed residential2,951 66 1 — 3,018 
Asset-backed retained notes45 2 2 1 50 
Total held-to-maturity securities$2,996 $1,371 $3 $1 $4,371 
2024
Debt securities
Agency mortgage-backed residential$— $935 $— $— $935 
Mortgage-backed residential3,241 78 4 — 3,323 
Asset-backed retained notes81 3 2 2 88 
Total held-to-maturity securities$3,322 $1,016 $6 $2 $4,346 
(a)Rating agencies indicate that they base their ratings on many quantitative and qualitative factors, which may include capital adequacy, liquidity, asset quality, business mix, level and quality of earnings, and the current operating, legislative, and regulatory environment. A credit rating is not a recommendation to buy, sell, or hold securities, and the ratings are subject to revision or withdrawal at any time by the assigning rating agency.
The following table summarizes available-for-sale securities in an unrealized loss position, which we evaluated to determine if a credit loss exists requiring the recognition of an allowance for credit losses. For additional information on our methodology, refer to Note 1. We have not recorded any interest income reversals on our available-for-sale securities during the years ended December 31, 2025, or December 31, 2024.
20252024
Less than 12 months12 months or longerLess than 12 months12 months or longer
December 31, ($ in millions)
Fair value
Unrealized loss
Fair value
Unrealized loss
Fair valueUnrealized lossFair valueUnrealized loss
Available-for-sale securities
Debt securities
U.S. Treasury and federal agencies$— $— $609 $(51)$— $— $1,873 $(200)
U.S. States and political subdivisions24 — 429 (74)87 (2)472 (85)
Foreign government51 (1)72 (3)40 — 112 (5)
Agency mortgage-backed residential (a)120 — 10,310 (2,084)127 (3)13,518 (3,109)
Mortgage-backed residential— — 198 (32)— — 206 (43)
Agency mortgage-backed commercial (a)299 (1)3,629 (621)428 (11)3,445 (825)
Asset-backed— — 12 — — — 124 (2)
Corporate debt86 (1)1,123 (60)265 (6)1,319 (114)
Total available-for-sale securities
$580 $(3)$16,382 $(2,925)$947 $(22)$21,069 $(4,383)
(a)Includes basis adjustments for certain securities that are included in closed portfolios with active hedges under the portfolio layer method at December 31, 2025, and December 31, 2024. The basis adjustments would be allocated to the amortized cost basis of specific securities within the pool if the hedge was dedesignated. Refer to Note 21 for additional information.
During the years ended December 31, 2025, and 2024, management determined that there were no expected credit losses for securities in an unrealized loss position. This analysis considered a variety of factors including, but not limited to, performance indicators of the issuer, default rates, industry analyst reports, credit ratings, and other relevant information, which indicated that contractual cash flows are expected to occur. As a result of this evaluation, management determined that no credit reserves were required at December 31, 2025, or December 31, 2024.
v3.25.4
Finance Receivables and Loans, Net
 12 Months Ended
Dec. 31, 2025
Receivables [Abstract]  
Finance Receivables and Loans, Net Finance Receivables and Loans, Net
The composition of finance receivables and loans reported at amortized cost basis was as follows.
December 31, ($ in millions)
20252024
Consumer automotive (a)$85,568 $83,757 
Consumer mortgage (b)15,572 17,234 
Consumer other (c)— 2,294 
Total consumer101,140 103,285 
Commercial
Commercial and industrial
Automotive18,339 18,259 
Other10,309 8,212 
Commercial real estate7,666 6,274 
Total commercial36,314 32,745 
Total finance receivables and loans (d) (e)$137,454 $136,030 
(a)Certain finance receivables and loans are included in fair value hedging relationships. Refer to Note 21 for additional information.
(b)Includes loans originated as interest-only mortgage loans of $2 million and $12 million at December 31, 2025, and December 31, 2024, respectively, of which all have exited the interest-only period.
(c)Consists of credit card finance receivables and loans. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information. Billed interest on our credit card loans was included within finance receivables and loans, net as of December 31, 2024.
(d)Totals include net unearned income, unamortized premiums and discounts, and deferred fees and costs of $2.4 billion and $2.3 billion at December 31, 2025, and December 31, 2024, respectively.
(e)Totals do not include accrued interest receivable, which was $800 million and $839 million at December 31, 2025, and December 31, 2024, respectively. Accrued interest receivable is included in other assets on our Consolidated Balance Sheet.
During the year ended December 31, 2025, we acquired PCD loans with an initial amortized cost basis of $26 million for $2 million of cash consideration. We recognized an initial allowance for loan losses of $24 million on these PCD loans.
The following tables present an analysis of the activity in the allowance for loan losses on finance receivables and loans for the years ended December 31, 2025, and 2024, respectively.
($ in millions)
Consumer automotiveConsumer mortgageConsumer other (a)CommercialTotal
Allowance at January 1, 2025$3,170 $19 $319 $206 $3,714 
Charge-offs (b)(2,610)(3)(68)(2)(2,683)
Recoveries946 8 5 4 963 
Net charge-offs(1,664)5 (63)2 (1,720)
Write-downs from transfers to held-for-sale (c)— (5)— — (5)
Provision for credit losses1,702 (6)(257)38 1,477 
Other (d)— (1)1 24 24 
Allowance at December 31, 2025
$3,208 $12 $— $270 $3,490 
(a)Consists of Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
(b)Refer to Note 1 for information regarding our charge-off policies.
(c)Consumer mortgage includes a $5 million reduction of allowance from the transfers of loans initially recorded as held-for-investment to held-for-sale during the year ended December 31, 2025.
(d)Commercial includes an initial allowance for loan losses of $24 million on PCD loans acquired during the year ended December 31, 2025.
($ in millions)
Consumer automotiveConsumer mortgageConsumer other (a)CommercialTotal
Allowance at January 1, 2024$3,083 $21 $293 $190 $3,587 
Charge-offs (b)(2,681)(2)(262)(3)(2,948)
Recoveries871 5 30 8 914 
Net charge-offs(1,810)3 (232)5 (2,034)
Write-downs from transfers to held-for-sale (c)(5)— — — (5)
Provision for credit losses1,902 (7)259 12 2,166 
Other— 2 (1)(1)— 
Allowance at December 31, 2024
$3,170 $19 $319 $206 $3,714 
(a)Consists of Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
(b)Refer to Note 1 for information regarding our charge-off policies.
(c)Consumer automotive includes a $5 million reduction of allowance from the completion of a retail securitization transaction during the year ended December 31, 2024, resulting in the deconsolidation of the assets and liabilities from our Consolidated Balance Sheet.
The following table presents sales of finance receivables and loans and transfers of finance receivables and loans from held-for-investment to held-for-sale based on net carrying value.
Year ended December 31, ($ in millions)
20252024
Consumer automotive$— $1,108 
Consumer mortgage425 325 
Consumer other (a)2,248 —
Commercial117 298 
Total sales and transfers$2,790 $1,731 
(a)Consists of credit card finance receivables and loans. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
The following table presents purchases of finance receivables and loans based on unpaid principal balance at the time of purchase.
Year ended December 31, ($ in millions)
20252024
Consumer automotive$4,774 $3,243 
Consumer mortgage8 21
Commercial26 — 
Total purchases of finance receivables and loans$4,808 $3,264 
Nonaccrual Loans
The following tables present the amortized cost basis of our finance receivables and loans on nonaccrual status. All consumer or commercial finance receivables and loans that were 90 days or more past due were on nonaccrual status as of December 31, 2025, and December 31, 2024. Refer to Note 1 for additional information on our accounting policy for finance receivables and loans on nonaccrual status.
December 31, 2025
($ in millions)Nonaccrual status at Jan. 1, 2025Nonaccrual statusNonaccrual with no allowance (a)
Consumer automotive$1,231 $1,155 $416 
Consumer mortgage54 62 44 
Consumer other (b)90 — — 
Total consumer1,375 1,217 460 
Commercial
Commercial and industrial
Automotive15 15 15 
Other (c)94 124 — 
Commercial real estate2 10 10 
Total commercial111 149 25 
Total finance receivables and loans (d)$1,486 $1,366 $485 
(a)Represents a component of nonaccrual status at end of period.
(b)Consists of credit card finance receivables and loans. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
(c)Includes PCD loans acquired during the year ended December 31, 2025.
(d)We recorded interest income from cash payments associated with finance receivables and loans on nonaccrual status of $51 million for the year ended December 31, 2025.
December 31, 2024
($ in millions)Nonaccrual status at Jan. 1, 2024Nonaccrual statusNonaccrual with no allowance (a)
Consumer automotive$1,129 $1,231 $476 
Consumer mortgage54 54 36 
Consumer other (b)92 90 — 
Total consumer1,275 1,375 512 
Commercial
Commercial and industrial
Automotive18 15 — 
Other98 94 4 
Commercial real estate3 2 2 
Total commercial119 111 6 
Total finance receivables and loans (c)$1,394 $1,486 $518 
(a)Represents a component of nonaccrual status at end of period.
(b)Consists of credit card finance receivables and loans. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
(c)We recorded interest income from cash payments associated with finance receivables and loans on nonaccrual status of $17 million for the year ended December 31, 2024.
Credit Quality Indicators
We evaluate the credit quality of our consumer loan portfolio based on the aging status of the loan and by payment activity. Loan delinquency reporting is generally based upon borrower payment activity, relative to the contractual terms of the loan.
The following tables present the amortized cost basis of our consumer finance receivables and loans by credit quality indicator based on delinquency status and origination year.
Origination yearRevolving loans converted to term
December 31, 2025 ($ in millions)
202520242023202220212020 and priorRevolving loansTotal
Consumer automotive
Current$33,588 $19,891 $12,759 $8,885 $4,253 $1,696 $— $— $81,072 
30–59 days past due483 638 632 600 339 137 — — 2,829 
60–89 days past due156 272 295 284 148 60 — — 1,215 
90 or more days past due55 99 103 101 59 29 — — 446 
Total consumer automotive (a)34,282 20,900 13,789 9,870 4,799 1,922 — — 85,562 
Consumer mortgage
Current— 15 28 1,690 9,117 4,618 — 7 15,475 
30–59 days past due— — 2 5 11 17 — — 35 
60–89 days past due— — — 1 6 7 — — 14 
90 or more days past due— — — 5 16 25 — 2 48 
Total consumer mortgage— 15 30 1,701 9,150 4,667 — 9 15,572 
Total consumer$34,282 $20,915 $13,819 $11,571 $13,949 $6,589 $— $9 $101,134 
(a)Certain consumer automotive loans are included in fair value hedging relationships. The amortized cost basis excludes an asset of $6 million related to basis adjustments for loans in closed portfolios with active hedges under the portfolio layer method at December 31, 2025. These basis adjustments would be allocated to the amortized cost basis of specific loans within the pool if the hedge was dedesignated. Refer to Note 21 for additional information.
Origination yearRevolving loans converted to term
December 31, 2024 ($ in millions)
202420232022202120202019 and priorRevolving loansTotal
Consumer automotive
Current$30,322 $20,387 $15,234 $8,368 $3,064 $1,849 $— $— $79,224 
30–59 days past due419 756 841 546 174 141 — — 2,877 
60–89 days past due131 338 390 240 75 56 — — 1,230 
90 or more days past due47 123 142 93 31 31 — — 467 
Total consumer automotive (a)30,919 21,604 16,607 9,247 3,344 2,077 — — 83,798 
Consumer mortgage
Current13 31 1,901 9,834 1,714 3,503 115 15 17,126 
30–59 days past due— — 7 9 5 27 — — 48 
60–89 days past due— — 4 4 1 4 — — 13 
90 or more days past due— 2 2 9 1 30 1 2 47 
Total consumer mortgage13 33 1,914 9,856 1,721 3,564 116 17 17,234 
Consumer other
Current— — — — — — 2,140 — 2,140 
30–59 days past due— — — — — — 35 — 35 
60–89 days past due— — — — — — 33 — 33 
90 or more days past due— — — — — — 86 — 86 
Total consumer other (b)— — — — — — 2,294 — 2,294 
Total consumer$30,932 $21,637 $18,521 $19,103 $5,065 $5,641 $2,410 $17 $103,326 
(a)Certain consumer automotive loans are included in fair value hedging relationships. The amortized cost basis excludes a liability of $41 million related to basis adjustments for loans in closed portfolios with active hedges under the portfolio layer method at December 31, 2024. These basis adjustments would be allocated to the amortized cost basis of specific loans within the pool if the hedge was dedesignated. Refer to Note 21 for additional information.
(b)Consists of credit card finance receivables and loans. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
We evaluate the credit quality of our commercial loan portfolio using regulatory risk ratings, which are based on relevant information about the borrower’s financial condition, including current financial information, historical payment experience, credit documentation, and current economic trends, among other factors. We use the following definitions for risk ratings below Pass.
•Special mention — Loans that have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or the institution’s credit position at some future date.
•Substandard — Loans that are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. These loans have a well-defined weakness or weakness that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.
•Doubtful — Loans that have all the weaknesses inherent in those classified as substandard, with the additional characteristic that the weaknesses make collection or liquidation in full, based on the basis of currently existing facts, conditions, and values, highly questionable and improbable.
•Loss — Loans that are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be effected in the future.
The regulatory risk classification utilized is influenced by internal credit risk ratings, which are based on a variety of factors. A borrower’s internal credit risk rating is updated at least annually, and more frequently when a borrower’s credit profile changes, including when we become aware of potential credit deterioration. The following tables present the amortized cost basis of our commercial finance receivables and loans by credit quality indicator based on risk rating and origination year.
Origination yearRevolving loans converted to term
December 31, 2025 ($ in millions)
202520242023202220212020 and priorRevolving loansTotal
Commercial
Commercial and industrial
Automotive
Pass$942 $391 $257 $266 $113 $86 $14,861 $— $16,916 
Special mention2 1 15 10 — 5 1,328 — 1,361 
Substandard1 1 — 1 — — 59 — 62 
Total automotive945 393 272 277 113 91 16,248 — 18,339 
Other
Pass757 594 173 306 215 166 6,647 191 9,049 
Special mention— 47 — 236 115 260 347 8 1,013 
Substandard— — — — 20 61 42 — 123 
Doubtful— — — — — 107 17 — 124 
Total other757 641 173 542 350 594 7,053 199 10,309 
Commercial real estate
Pass1,981 1,069 759 1,080 919 1,461 55 59 7,383 
Special mention— 45 44 67 45 61 — — 262 
Substandard— — 2 15 — 1 — — 18 
Doubtful— — 2 1 — — — — 3 
Total commercial real estate1,981 1,114 807 1,163 964 1,523 55 59 7,666 
Total commercial$3,683 $2,148 $1,252 $1,982 $1,427 $2,208 $23,356 $258 $36,314 
Origination yearRevolving loans converted to term
December 31, 2024 ($ in millions)
202420232022202120202019 and priorRevolving loansTotal
Commercial
Commercial and industrial
Automotive
Pass$522 $336 $337 $125 $64 $52 $15,005 $— $16,441 
Special mention3 38 15 25 3 1 1,694 — 1,779 
Substandard— — — — — — 33 — 33 
Doubtful— — — — — — 6 — 6 
Total automotive525 374 352 150 67 53 16,738 — 18,259 
Other
Pass707 296 261 199 18 205 5,047 84 6,817 
Special mention— — 394 280 186 76 226 32 1,194 
Substandard— 27 — 23 46 54 12 4 166 
Doubtful— — — — — 26 9 — 35 
Total other707 323 655 502 250 361 5,294 120 8,212 
Commercial real estate
Pass959 904 1,228 1,030 757 1,137 — 36 6,051 
Special mention6 51 69 57 35 3 — — 221 
Doubtful— — 1 — — 1 — — 2 
Total commercial real estate965 955 1,298 1,087 792 1,141 — 36 6,274 
Total commercial$2,197 $1,652 $2,305 $1,739 $1,109 $1,555 $22,032 $156 $32,745 
The following table presents an analysis of our past-due commercial finance receivables and loans recorded at amortized cost basis.
($ in millions)30–59 days past due60–89 days past due90 days or more past dueTotal past dueCurrentTotal finance receivables and loans
December 31, 2025
Commercial
Commercial and industrial
Automotive$— $— $— $— $18,339 $18,339 
Other— — 70 70 10,239 10,309 
Commercial real estate— — 3 3 7,663 7,666 
Total commercial$— $— $73 $73 $36,241 $36,314 
December 31, 2024
Commercial
Commercial and industrial
Automotive$5 $— $— $5 $18,254 $18,259 
Other35 — — 35 8,177 8,212 
Commercial real estate1 — 1 2 6,272 6,274 
Total commercial$41 $— $1 $42 $32,703 $32,745 
The following tables present gross charge-offs of our finance receivables and loans for each portfolio class by origination year during the years ended December 31, 2025, and 2024, respectively. Refer to Note 1 for additional information on our charge-off policy.
Origination yearRevolving loans converted to term
December 31, 2025 ($ in millions)
202520242023202220212020 and priorRevolving loansTotal
Consumer automotive$168 $564 $747 $660 $318 $153 $— $— $2,610 
Consumer mortgage (a)— — — 1 1 1 — — 3 
Consumer other (b)— — — — — — 64 4 68 
Total consumer168 564 747 661 319 154 64 4 2,681 
Commercial
Commercial and industrial
Automotive— — — — 1 — 1 — 2 
Total commercial— — — — 1 — 1 — 2 
Total finance receivables and loans$168 $564 $747 $661 $320 $154 $65 $4 $2,683 
(a)Excludes $5 million of write-downs from transfers to held-for-sale during the year ended December 31, 2025.
(b)Consists of Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
Origination yearRevolving loans converted to term
December 31, 2024 ($ in millions)
202420232022202120202019 and priorRevolving loansTotal
Consumer automotive (a)$160 $779 $943 $510 $137 $152 $— $— $2,681 
Consumer mortgage— — — 1 — 1 — — 2 
Consumer other (b)— — — — — — 246 16 262 
Total consumer160 779 943 511 137 153 246 16 2,945 
Commercial
Commercial and industrial
Automotive— — — — — 1 2 — 3 
Total commercial— — — — — 1 2 — 3 
Total finance receivables and loans$160 $779 $943 $511 $137 $154 $248 $16 $2,948 
(a)Excludes $5 million of write-downs from transfers to held-for-sale from the completion of a retail securitization transaction during the year ended December 31, 2024, resulting in the deconsolidation of the assets and liabilities from our Consolidated Balance Sheet.
(b)Consists of Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
Loan Modifications with Borrowers Experiencing Financial Difficulty
The following tables present the amortized cost basis of loans that were modified subsequent to origination during the years ended December 31, 2025, 2024, and 2023, respectively, for each portfolio segment, by modification type. For additional information on loan modification types in scope of this disclosure, refer to Note 1. The below tables exclude consumer mortgage finance receivables and loans currently enrolled in a trial modification program. Trial modifications generally represent a three-month period during which the borrower makes monthly payments under the anticipated modified payment terms. If the borrower successfully completes the trial loan modification program, the contractual terms of the loan are updated and the modification is considered permanent. As of December 31, 2025, 2024, and 2023, there were $8 million, $4 million, and $5 million of consumer mortgage finance receivables and loans in a trial modification program, respectively.
Payment extensions
Year ended December 31, 2025
($ in millions)
Payment deferralsContractual maturity extensionsPrincipal forgivenessInterest rate concessionsCombinationTotal (a)
Consumer automotive$— $652 $8 $— $1 $661 
Consumer mortgage1 2 — 1 5 9 
Total consumer1 654 8 1 6 670 
Commercial
Commercial and industrial
Automotive— — — 11 — 11 
Other37 124 — — — 161 
Commercial real estate4 — — 7 — 11 
Total commercial41 124 — 18 — 183 
Total finance receivables and loans$42 $778 $8 $19 $6 $853 
(a)Represents 0.6% of total finance receivables and loans outstanding as of December 31, 2025.
Payment extensions
Year ended December 31, 2024
($ in millions)
Payment deferralsContractual maturity extensionsPrincipal forgivenessInterest rate concessionsCombinationTotal (a)
Consumer automotive$— $418 $5 $— $2 $425 
Consumer mortgage— 2 — — 1 3 
Consumer other (b)— — — 16 — 16 
Total consumer— 420 5 16 3 444 
Commercial
Commercial and industrial
Automotive2 — — 7 — 9 
Other— 168 — — 14 182 
Commercial real estate— — — — 1 1 
Total commercial2 168 — 7 15 192 
Total finance receivables and loans$2 $588 $5 $23 $18 $636 
(a)Represents 0.5% of total finance receivables and loans outstanding as of December 31, 2024.
(b)Consists of Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
Payment extensions
Year ended December 31, 2023
($ in millions)
Payment deferrals (a)Contractual maturity extensionsPrincipal forgivenessInterest rate concessionsCombinationTotal (b)
Consumer automotive$— $234 $13 $— $28 $275 
Consumer mortgage— 4 — — 4 8 
Consumer other (c)— — — 13 — 13 
Total consumer— 238 13 13 32 296 
Commercial
Commercial and industrial
Other36 46 — — — 82 
Total commercial36 46 — — — 82 
Total finance receivables and loans$36 $284 $13 $13 $32 $378 
(a)Includes a commercial and industrial loan within our Corporate Finance operations that was also granted a three-month contractual maturity extension during the year ended December 31, 2023.
(b)Represents 0.3% of total finance receivables and loans outstanding as of December 31, 2023.
(c)Consists of Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
Total commitments to lend additional funds to borrowers whose loans were modified during the years ended December 31, 2025, and 2024, were $50 million and $39 million as of December 31, 2025, and 2024, respectively.
The following tables present the financial effect of loan modifications that occurred during the years ended December 31, 2025, 2024, and 2023, respectively.
Payment extensions (a)Principal forgivenessInterest rate concessions (a)Combination (a) (b) (c)
Year ended
December 31, 2025
($ in millions)
Number of months extended/deferredAmount forgivenInitial rateRevised rateRemaining termRevised remaining termInitial rateRevised rate
Consumer automotive34$2 — %— %699612.3 %8.6 %
Consumer mortgage190— 2.9 2.6 2954413.7 2.4 
Commercial
Commercial and industrial
Automotive— $— 12.5 %7.9 %— — — %— %
Other18— — — — — — — 
Commercial real estate6— 10.9 5.9 — — — — 
Total commercial18$— 11.9 7.1 — — — — 
(a)Calculated using a weighted-average balance for each portfolio class.
(b)Term is presented in number of months.
(c)Some consumer mortgage combination loan modifications include deferrals of principal. The weighted average number of months deferred for these loans was 150 months.
Payment extensions (a)Principal forgivenessInterest rate concessions (a)Combination (a) (b) (c)
Year ended
December 31, 2024
($ in millions)
Number of months extended/deferredAmount forgivenInitial rateRevised rateRemaining termRevised remaining termInitial rateRevised rate
Consumer automotive30$2 — %— %728514.3 %12.0 %
Consumer mortgage176— — — 3054494.1 3.1 
Consumer other (d)—2 29.6 7.3 — — — — 
Commercial
Commercial and industrial
Automotive6$— 5.0 %3.0 %——— %— %
Other37— — — 4605.5 4.3 
Commercial real estate— — — — 849311.0 6.0 
Total commercial36$— 5.0 3.0 7615.7 4.3 
(a)Calculated using a weighted-average balance for each portfolio class.
(b)Term is presented in number of months.
(c)Some consumer mortgage combination loan modifications include deferrals of principal. The weighted average number of months deferred for these loans was 325 months.
(d)Consists of Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
Payment extensions (a)Principal forgivenessInterest rate concessions (a)Combination (a) (b) (c)
Year ended
December 31, 2023
($ in millions)
Number of months extended/deferredAmount forgivenInitial rateRevised rateRemaining termRevised remaining termInitial rateRevised rate
Consumer automotive29$3 — %— %748610.3 %9.5 %
Consumer mortgage132— — — 2864424.4 3.1 
Consumer other (d)—— 30.0 8.0 ——— — 
Commercial
Commercial and industrial
Other (e)15$— — %— %——— %— %
Total commercial15$— — — ——— — 
(a)Calculated using a weighted-average balance for each portfolio class.
(b)Term is presented in number of months.
(c)Some consumer mortgage combination loan modifications include deferrals of principal. The weighted average number of months deferred for these loans was 207 months.
(d)Consists of Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
(e)Includes a commercial and industrial loan within our Corporate Finance operations that was also granted a three-month contractual maturity extension during the year ended December 31, 2023.
The following tables present the subsequent performance of loans recorded at amortized cost basis, by portfolio segment and credit quality indicator, that were modified within the 12 months prior to December 31, 2025, 2024, and 2023, respectively.
December 31, 2025 ($ in millions)
Current30–59 days past due60–89 days past due90 or more days past dueTotal
Consumer automotive
Contractual maturity extensions$519 $94 $31 $8 $652 
Principal forgiveness1 — — 7 8 
Combination1 — — — 1 
Total consumer automotive521 94 31 15 661 
Consumer mortgage
Payment deferrals1 — — — 1 
Contractual maturity extensions2 — — — 2 
Interest rate concessions— — — 1 1 
Combination5 — — — 5 
Total consumer mortgage8 — — 1 9 
Total consumer$529 $94 $31 $16 $670 
December 31, 2025 ($ in millions)
PassSpecial mentionSubstandardDoubtfulTotal
Commercial and industrial
Automotive
Interest rate concessions$— $— $11 $— $11 
Total automotive— — 11 — 11 
Other
Payment deferrals34 — — 3 37 
Contractual maturity extensions25 59 27 13 124 
Total other59 59 27 16 161 
Commercial real estate
Payment deferrals— 3 — 1 4 
Interest rate concessions— — 7 — 7 
Total commercial real estate— 3 7 1 11 
Total commercial$59 $62 $45 $17 $183 
December 31, 2024 ($ in millions)
Current30–59 days past due60–89 days past due90 or more days past dueTotal
Consumer automotive
Contractual maturity extensions$318 $68 $25 $7 $418 
Principal forgiveness— — — 5 5 
Combination2 — — — 2 
Total consumer automotive320 68 25 12 425 
Consumer mortgage
Contractual maturity extensions1 — 1 — 2 
Combination1 — — — 1 
Total consumer mortgage2 — 1 — 3 
Consumer other (a)
Interest rate concessions10 2 1 3 16 
Total consumer other10 2 1 3 16 
Total consumer$332 $70 $27 $15 $444 
(a)Consists of Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
December 31, 2024 ($ in millions)
PassSpecial mentionSubstandardDoubtfulTotal
Commercial and industrial
Automotive
Payment deferrals $— $— $2 $— $2 
Interest rate concessions— — — 7 7 
Total automotive— — 2 7 9 
Other
Contractual maturity extensions113 — 55 — 168 
Combination— — 14 — 14 
Total other113 — 69 — 182 
Commercial real estate
Combination— — — 1 1 
Total commercial real estate— — — 1 1 
Total commercial$113 $— $71 $8 $192 
December 31, 2023 ($ in millions)
Current30–59 days past due60–89 days past due90 or more days past dueTotal
Consumer automotive
Contractual maturity extensions$202 $24 $7 $1 $234 
Principal forgiveness7 1 — 5 13 
Combination25 2 — 1 28 
Total consumer automotive234 27 7 7 275 
Consumer mortgage
Contractual maturity extensions4 — — — 4 
Combination2 — — 2 4 
Total consumer mortgage6 — — 2 8 
Consumer other (a)
Interest rate concessions7 2 1 3 13 
Total consumer other7 2 1 3 13 
Total consumer$247 $29 $8 $12 $296 
(a)Consists of Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
December 31, 2023 ($ in millions)
PassSpecial mentionSubstandardDoubtfulTotal
Commercial and industrial
Other
Payment deferrals (a)$— $— $— $36 $36 
Contractual maturity extensions34 7 5 — 46 
Total commercial$34 $7 $5 $36 $82 
(a)Includes a commercial and industrial loan within our Corporate Finance operations that was also granted a three-month contractual maturity extension during the year ended December 31, 2023.
As of December 31, 2025, 2,210 consumer automotive loans with a total amortized cost basis of $53 million and 1 consumer mortgage loan with a total amortized cost basis of $1 million redefaulted within 12 months of modification, whereas 1,616 consumer automotive loans with a total amortized cost basis of $39 million redefaulted within 12 months of modification as of December 31, 2024. Additionally, as of December 31, 2023, 235 consumer automotive loans with a total amortized cost basis of $5 million and 1 consumer mortgage loan with a total amortized cost basis of $2 million redefaulted.
Geographic and Industry Concentrations
Consumer
We monitor our consumer loan portfolio for concentration risk across the states in which we lend. The highest concentrations of consumer loans are in California and Texas, which represented an aggregate of 25.8% and 26.0% of our total consumer finance receivables and loans at December 31, 2025, and December 31, 2024, respectively.
The following table shows the percentage of consumer automotive, consumer mortgage, and consumer other finance receivables and loans by state concentration based on amortized cost basis.
2025 (a)2024
December 31,Consumer automotiveConsumer mortgageConsumer other (b)Consumer automotiveConsumer mortgageConsumer other
California8.3 %40.5 %— %8.5 %39.9 %9.3 %
Texas13.6 7.1 — 13.5 7.2 7.8 
Florida9.1 6.2 — 9.3 6.2 9.1 
North Carolina4.8 1.8 — 4.6 1.9 3.0 
Pennsylvania4.5 2.2 — 4.5 2.1 4.1 
Georgia4.1 2.9 — 4.0 2.9 3.7 
New York4.0 1.8 — 3.8 1.9 5.4 
New Jersey3.2 2.5 — 3.3 2.5 3.5 
Illinois3.0 2.8 — 3.2 2.8 4.6 
Ohio3.2 0.4 — 3.3 0.4 4.5 
Other United States42.2 31.8 — 42.0 32.2 45.0 
Total consumer loans100.0 %100.0 %— %100.0 %100.0 %100.0 %
(a)Presentation is in descending order as a percentage of total consumer finance receivables and loans at December 31, 2025.
(b)We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
Commercial Real Estate
The commercial real estate portfolio consists of finance receivables and loans issued primarily to automotive dealers. The following table presents the percentage of total commercial real estate finance receivables and loans by state concentration based on amortized cost basis.
December 31,20252024
Florida22.1 %16.0 %
Texas12.1 14.1 
California8.0 6.6 
New York7.9 5.4 
Ohio5.4 5.6 
North Carolina3.6 4.8 
Michigan3.4 4.1 
Georgia3.0 3.3 
Illinois2.4 2.6 
Missouri2.2 2.9 
Other United States29.9 34.6 
Total commercial real estate finance receivables and loans100.0 %100.0 %
Commercial Criticized Exposure
Finance receivables and loans classified as special mention, substandard, or doubtful are reported as criticized. These classifications are based on regulatory definitions and generally represent finance receivables and loans within our portfolio that have a higher default risk or have already defaulted. These finance receivables and loans require additional monitoring and review including specific actions to mitigate our potential loss.
The following table presents the percentage of total commercial criticized finance receivables and loans by industry concentration based on amortized cost basis.
December 31,20252024
Industry
Automotive61.7 %64.4 %
Services12.4 9.0 
Electronics11.2 12.8 
Other14.7 13.8 
Total commercial criticized finance receivables and loans100.0 %100.0 %
v3.25.4
Leasing
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leasing Leasing
Ally as the Lessee
We have operating leases for certain of our corporate facilities, which have remaining lease terms of 4 months to 11 years. Most of the property leases have fixed payment terms with annual fixed-escalation clauses and include options to extend or terminate the lease. We do not include these term extensions or termination provisions in our estimates of the lease term if we do not consider it reasonably certain that the options will be exercised.
We also have operating leases for a fleet of vehicles that is used by our sales force for business purposes, with noncancelable lease terms of 367 days. Thereafter, the leases are month-to-month, up to a maximum of 48 months from inception.
During the years ended December 31, 2025, and December 31, 2024, we paid $36 million and $35 million in cash for amounts included in the measurement of lease liabilities at December 31, 2025, and December 31, 2024, respectively. These amounts are included in net cash provided by operating activities in our Consolidated Statement of Cash Flows. During the years ended December 31, 2025, and December 31, 2024, we obtained $52 million and $34 million, respectively, of ROU assets in exchange for new lease liabilities. As of December 31, 2025, the weighted-average remaining lease term of our operating lease portfolio was 5 years, and the weighted-average discount rate was 3.66%, compared to 3 years and 3.32% as of December 31, 2024.
The following table presents future minimum rental payments we are required to make under operating leases that have commenced as of December 31, 2025, and that have noncancelable lease terms expiring after December 31, 2025.
Year ended December 31, ($ in millions)
2026$38 
202733 
202826 
20299 
20308 
2031 and thereafter23 
Total undiscounted cash flows137 
Difference between undiscounted cash flows and discounted cash flows(13)
Total lease liability$124 
The following table details the components of total net operating lease expense.
Year ended December 31, ($ in millions)
202520242023
Operating lease expense$32 $30 $29 
Variable lease expense5 4 5 
Total lease expense, net (a)$37 $34 $34 
(a)Included in other operating expenses in our Consolidated Statement of Income.
Ally as the Lessor
Investment in Operating Leases
We purchase consumer operating lease contracts and the associated vehicles from automotive dealerships or manufacturers after those contracts are executed. The amount we pay for an operating lease contract is based on the negotiated price for the vehicle less vehicle trade-in, down payment from the consumer, and available automotive manufacturer incentives. Under the operating lease, the consumer is obligated to make payments in amounts equal to the amount by which the negotiated purchase price of the vehicle (less any trade-in value, down payment,
tax credits, or available manufacturer incentives) exceeds the contract residual value (including residual support) of the vehicle at lease termination, plus operating lease rental charges. The customer can terminate the lease at any point after commencement, subject to additional charges and fees. The consumer, dealership, or automotive manufacturer may have the option to purchase the vehicle at the end of the lease term, which generally range from 24 to 60 months, at the residual value of the vehicle, however it is not reasonably certain this option will be exercised and accordingly our consumer leases are classified as operating leases. In addition to the charges described above, the consumer is generally responsible for certain charges related to excess mileage or excessive wear and tear on the vehicle. These charges are deemed variable lease payments and, as these payments are not based on a rate or index, they are recognized as net depreciation expense on operating lease assets in our Consolidated Statement of Income as incurred.
When we acquire a consumer operating lease, we assume ownership of the vehicle. We require that property damage, bodily injury, collision, and comprehensive insurance be obtained by the lessee on all consumer operating leases. When vehicles are not purchased by customers, the receiving dealer, or automotive manufacturer at scheduled lease termination, the vehicle is returned to us for remarketing. We generally bear the risk of loss to the extent the value of a leased vehicle upon remarketing is below the expected residual value after adjusting for any OEM residual value guarantees. At termination, our actual sales proceeds from remarketing the vehicle may be higher or lower than the estimated residual value after adjusting for any OEM residual value guarantees resulting in a gain or loss on remarketing, which is included in net depreciation expense on operating lease assets in our Consolidated Statement of Income. Excessive mileage or excessive wear and tear on the vehicle during the lease may impact the sales proceeds received upon remarketing. As of December 31, 2025, and December 31, 2024, consumer operating leases with a carrying value, net of accumulated depreciation, of $3.4 billion and $1.9 billion, respectively, were covered by OEM residual value guarantees. Substantially all were covered under an OEM residual value guarantee of approximately 50% of the vehicles’ contract residual value at both December 31, 2025, and December 31, 2024.
The following table details our investment in operating leases.
Year ended December 31, ($ in millions)
20252024
Vehicles$10,163 $9,519 
Accumulated depreciation(1,391)(1,528)
Investment in operating leases, net$8,772 $7,991 
The following table presents future minimum rental payments we have the right to receive under operating leases with noncancelable lease terms expiring after December 31, 2025.
Year ended December 31, ($ in millions)
2026$1,445 
2027944 
2028351 
202941 
20302 
Total lease payments from operating leases$2,783 
We recognized operating lease revenue of $1.5 billion, $1.4 billion, and $1.6 billion for the years ended December 31, 2025, 2024, and 2023, respectively. Depreciation expense on operating lease assets includes net remarketing gains and losses recognized on the sale of operating lease assets. The following table summarizes the components of depreciation expense on operating lease assets.
Year ended December 31, ($ in millions)
202520242023
Depreciation expense on operating lease assets (excluding remarketing losses and (gains)) (a)$909 $868 $1,051 
Remarketing losses (gains), net28 (132)(211)
Net depreciation expense on operating lease assets$937 $736 $840 
(a)Includes variable lease payments related to excess mileage and excessive wear and tear on vehicles of $22 million, $21 million, and $9 million for the years ended December 31, 2025, 2024, and 2023, respectively.
Finance Leases
In our Automotive Finance operations, we also hold automotive leases that require finance lease treatment as prescribed by ASC Topic 842, Leases. Our total gross investment in finance leases, which consists of lease payment receivables, and is included in finance receivables and loans, net, on our Consolidated Balance Sheet, was $376 million and $496 million as of December 31, 2025, and December 31, 2024, respectively. Interest income on finance lease receivables was $35 million and $46 million for the years ended December 31, 2025, and 2024, respectively, and is included in interest and fees on finance receivables and loans in our Consolidated Statement of Income.
The following table presents future minimum rental payments we have the right to receive under finance leases with noncancelable lease terms expiring after December 31, 2025.
Year ended December 31, ($ in millions)
2026$134 
2027118 
202887 
202959 
203031 
2031 and thereafter11 
Total undiscounted cash flows440 
Difference between undiscounted cash flows and discounted cash flows(64)
Present value of lease payments recorded as lease receivable$376 
Leasing Leasing
Ally as the Lessee
We have operating leases for certain of our corporate facilities, which have remaining lease terms of 4 months to 11 years. Most of the property leases have fixed payment terms with annual fixed-escalation clauses and include options to extend or terminate the lease. We do not include these term extensions or termination provisions in our estimates of the lease term if we do not consider it reasonably certain that the options will be exercised.
We also have operating leases for a fleet of vehicles that is used by our sales force for business purposes, with noncancelable lease terms of 367 days. Thereafter, the leases are month-to-month, up to a maximum of 48 months from inception.
During the years ended December 31, 2025, and December 31, 2024, we paid $36 million and $35 million in cash for amounts included in the measurement of lease liabilities at December 31, 2025, and December 31, 2024, respectively. These amounts are included in net cash provided by operating activities in our Consolidated Statement of Cash Flows. During the years ended December 31, 2025, and December 31, 2024, we obtained $52 million and $34 million, respectively, of ROU assets in exchange for new lease liabilities. As of December 31, 2025, the weighted-average remaining lease term of our operating lease portfolio was 5 years, and the weighted-average discount rate was 3.66%, compared to 3 years and 3.32% as of December 31, 2024.
The following table presents future minimum rental payments we are required to make under operating leases that have commenced as of December 31, 2025, and that have noncancelable lease terms expiring after December 31, 2025.
Year ended December 31, ($ in millions)
2026$38 
202733 
202826 
20299 
20308 
2031 and thereafter23 
Total undiscounted cash flows137 
Difference between undiscounted cash flows and discounted cash flows(13)
Total lease liability$124 
The following table details the components of total net operating lease expense.
Year ended December 31, ($ in millions)
202520242023
Operating lease expense$32 $30 $29 
Variable lease expense5 4 5 
Total lease expense, net (a)$37 $34 $34 
(a)Included in other operating expenses in our Consolidated Statement of Income.
Ally as the Lessor
Investment in Operating Leases
We purchase consumer operating lease contracts and the associated vehicles from automotive dealerships or manufacturers after those contracts are executed. The amount we pay for an operating lease contract is based on the negotiated price for the vehicle less vehicle trade-in, down payment from the consumer, and available automotive manufacturer incentives. Under the operating lease, the consumer is obligated to make payments in amounts equal to the amount by which the negotiated purchase price of the vehicle (less any trade-in value, down payment,
tax credits, or available manufacturer incentives) exceeds the contract residual value (including residual support) of the vehicle at lease termination, plus operating lease rental charges. The customer can terminate the lease at any point after commencement, subject to additional charges and fees. The consumer, dealership, or automotive manufacturer may have the option to purchase the vehicle at the end of the lease term, which generally range from 24 to 60 months, at the residual value of the vehicle, however it is not reasonably certain this option will be exercised and accordingly our consumer leases are classified as operating leases. In addition to the charges described above, the consumer is generally responsible for certain charges related to excess mileage or excessive wear and tear on the vehicle. These charges are deemed variable lease payments and, as these payments are not based on a rate or index, they are recognized as net depreciation expense on operating lease assets in our Consolidated Statement of Income as incurred.
When we acquire a consumer operating lease, we assume ownership of the vehicle. We require that property damage, bodily injury, collision, and comprehensive insurance be obtained by the lessee on all consumer operating leases. When vehicles are not purchased by customers, the receiving dealer, or automotive manufacturer at scheduled lease termination, the vehicle is returned to us for remarketing. We generally bear the risk of loss to the extent the value of a leased vehicle upon remarketing is below the expected residual value after adjusting for any OEM residual value guarantees. At termination, our actual sales proceeds from remarketing the vehicle may be higher or lower than the estimated residual value after adjusting for any OEM residual value guarantees resulting in a gain or loss on remarketing, which is included in net depreciation expense on operating lease assets in our Consolidated Statement of Income. Excessive mileage or excessive wear and tear on the vehicle during the lease may impact the sales proceeds received upon remarketing. As of December 31, 2025, and December 31, 2024, consumer operating leases with a carrying value, net of accumulated depreciation, of $3.4 billion and $1.9 billion, respectively, were covered by OEM residual value guarantees. Substantially all were covered under an OEM residual value guarantee of approximately 50% of the vehicles’ contract residual value at both December 31, 2025, and December 31, 2024.
The following table details our investment in operating leases.
Year ended December 31, ($ in millions)
20252024
Vehicles$10,163 $9,519 
Accumulated depreciation(1,391)(1,528)
Investment in operating leases, net$8,772 $7,991 
The following table presents future minimum rental payments we have the right to receive under operating leases with noncancelable lease terms expiring after December 31, 2025.
Year ended December 31, ($ in millions)
2026$1,445 
2027944 
2028351 
202941 
20302 
Total lease payments from operating leases$2,783 
We recognized operating lease revenue of $1.5 billion, $1.4 billion, and $1.6 billion for the years ended December 31, 2025, 2024, and 2023, respectively. Depreciation expense on operating lease assets includes net remarketing gains and losses recognized on the sale of operating lease assets. The following table summarizes the components of depreciation expense on operating lease assets.
Year ended December 31, ($ in millions)
202520242023
Depreciation expense on operating lease assets (excluding remarketing losses and (gains)) (a)$909 $868 $1,051 
Remarketing losses (gains), net28 (132)(211)
Net depreciation expense on operating lease assets$937 $736 $840 
(a)Includes variable lease payments related to excess mileage and excessive wear and tear on vehicles of $22 million, $21 million, and $9 million for the years ended December 31, 2025, 2024, and 2023, respectively.
Finance Leases
In our Automotive Finance operations, we also hold automotive leases that require finance lease treatment as prescribed by ASC Topic 842, Leases. Our total gross investment in finance leases, which consists of lease payment receivables, and is included in finance receivables and loans, net, on our Consolidated Balance Sheet, was $376 million and $496 million as of December 31, 2025, and December 31, 2024, respectively. Interest income on finance lease receivables was $35 million and $46 million for the years ended December 31, 2025, and 2024, respectively, and is included in interest and fees on finance receivables and loans in our Consolidated Statement of Income.
The following table presents future minimum rental payments we have the right to receive under finance leases with noncancelable lease terms expiring after December 31, 2025.
Year ended December 31, ($ in millions)
2026$134 
2027118 
202887 
202959 
203031 
2031 and thereafter11 
Total undiscounted cash flows440 
Difference between undiscounted cash flows and discounted cash flows(64)
Present value of lease payments recorded as lease receivable$376 
Leasing Leasing
Ally as the Lessee
We have operating leases for certain of our corporate facilities, which have remaining lease terms of 4 months to 11 years. Most of the property leases have fixed payment terms with annual fixed-escalation clauses and include options to extend or terminate the lease. We do not include these term extensions or termination provisions in our estimates of the lease term if we do not consider it reasonably certain that the options will be exercised.
We also have operating leases for a fleet of vehicles that is used by our sales force for business purposes, with noncancelable lease terms of 367 days. Thereafter, the leases are month-to-month, up to a maximum of 48 months from inception.
During the years ended December 31, 2025, and December 31, 2024, we paid $36 million and $35 million in cash for amounts included in the measurement of lease liabilities at December 31, 2025, and December 31, 2024, respectively. These amounts are included in net cash provided by operating activities in our Consolidated Statement of Cash Flows. During the years ended December 31, 2025, and December 31, 2024, we obtained $52 million and $34 million, respectively, of ROU assets in exchange for new lease liabilities. As of December 31, 2025, the weighted-average remaining lease term of our operating lease portfolio was 5 years, and the weighted-average discount rate was 3.66%, compared to 3 years and 3.32% as of December 31, 2024.
The following table presents future minimum rental payments we are required to make under operating leases that have commenced as of December 31, 2025, and that have noncancelable lease terms expiring after December 31, 2025.
Year ended December 31, ($ in millions)
2026$38 
202733 
202826 
20299 
20308 
2031 and thereafter23 
Total undiscounted cash flows137 
Difference between undiscounted cash flows and discounted cash flows(13)
Total lease liability$124 
The following table details the components of total net operating lease expense.
Year ended December 31, ($ in millions)
202520242023
Operating lease expense$32 $30 $29 
Variable lease expense5 4 5 
Total lease expense, net (a)$37 $34 $34 
(a)Included in other operating expenses in our Consolidated Statement of Income.
Ally as the Lessor
Investment in Operating Leases
We purchase consumer operating lease contracts and the associated vehicles from automotive dealerships or manufacturers after those contracts are executed. The amount we pay for an operating lease contract is based on the negotiated price for the vehicle less vehicle trade-in, down payment from the consumer, and available automotive manufacturer incentives. Under the operating lease, the consumer is obligated to make payments in amounts equal to the amount by which the negotiated purchase price of the vehicle (less any trade-in value, down payment,
tax credits, or available manufacturer incentives) exceeds the contract residual value (including residual support) of the vehicle at lease termination, plus operating lease rental charges. The customer can terminate the lease at any point after commencement, subject to additional charges and fees. The consumer, dealership, or automotive manufacturer may have the option to purchase the vehicle at the end of the lease term, which generally range from 24 to 60 months, at the residual value of the vehicle, however it is not reasonably certain this option will be exercised and accordingly our consumer leases are classified as operating leases. In addition to the charges described above, the consumer is generally responsible for certain charges related to excess mileage or excessive wear and tear on the vehicle. These charges are deemed variable lease payments and, as these payments are not based on a rate or index, they are recognized as net depreciation expense on operating lease assets in our Consolidated Statement of Income as incurred.
When we acquire a consumer operating lease, we assume ownership of the vehicle. We require that property damage, bodily injury, collision, and comprehensive insurance be obtained by the lessee on all consumer operating leases. When vehicles are not purchased by customers, the receiving dealer, or automotive manufacturer at scheduled lease termination, the vehicle is returned to us for remarketing. We generally bear the risk of loss to the extent the value of a leased vehicle upon remarketing is below the expected residual value after adjusting for any OEM residual value guarantees. At termination, our actual sales proceeds from remarketing the vehicle may be higher or lower than the estimated residual value after adjusting for any OEM residual value guarantees resulting in a gain or loss on remarketing, which is included in net depreciation expense on operating lease assets in our Consolidated Statement of Income. Excessive mileage or excessive wear and tear on the vehicle during the lease may impact the sales proceeds received upon remarketing. As of December 31, 2025, and December 31, 2024, consumer operating leases with a carrying value, net of accumulated depreciation, of $3.4 billion and $1.9 billion, respectively, were covered by OEM residual value guarantees. Substantially all were covered under an OEM residual value guarantee of approximately 50% of the vehicles’ contract residual value at both December 31, 2025, and December 31, 2024.
The following table details our investment in operating leases.
Year ended December 31, ($ in millions)
20252024
Vehicles$10,163 $9,519 
Accumulated depreciation(1,391)(1,528)
Investment in operating leases, net$8,772 $7,991 
The following table presents future minimum rental payments we have the right to receive under operating leases with noncancelable lease terms expiring after December 31, 2025.
Year ended December 31, ($ in millions)
2026$1,445 
2027944 
2028351 
202941 
20302 
Total lease payments from operating leases$2,783 
We recognized operating lease revenue of $1.5 billion, $1.4 billion, and $1.6 billion for the years ended December 31, 2025, 2024, and 2023, respectively. Depreciation expense on operating lease assets includes net remarketing gains and losses recognized on the sale of operating lease assets. The following table summarizes the components of depreciation expense on operating lease assets.
Year ended December 31, ($ in millions)
202520242023
Depreciation expense on operating lease assets (excluding remarketing losses and (gains)) (a)$909 $868 $1,051 
Remarketing losses (gains), net28 (132)(211)
Net depreciation expense on operating lease assets$937 $736 $840 
(a)Includes variable lease payments related to excess mileage and excessive wear and tear on vehicles of $22 million, $21 million, and $9 million for the years ended December 31, 2025, 2024, and 2023, respectively.
Finance Leases
In our Automotive Finance operations, we also hold automotive leases that require finance lease treatment as prescribed by ASC Topic 842, Leases. Our total gross investment in finance leases, which consists of lease payment receivables, and is included in finance receivables and loans, net, on our Consolidated Balance Sheet, was $376 million and $496 million as of December 31, 2025, and December 31, 2024, respectively. Interest income on finance lease receivables was $35 million and $46 million for the years ended December 31, 2025, and 2024, respectively, and is included in interest and fees on finance receivables and loans in our Consolidated Statement of Income.
The following table presents future minimum rental payments we have the right to receive under finance leases with noncancelable lease terms expiring after December 31, 2025.
Year ended December 31, ($ in millions)
2026$134 
2027118 
202887 
202959 
203031 
2031 and thereafter11 
Total undiscounted cash flows440 
Difference between undiscounted cash flows and discounted cash flows(64)
Present value of lease payments recorded as lease receivable$376 
Leasing Leasing
Ally as the Lessee
We have operating leases for certain of our corporate facilities, which have remaining lease terms of 4 months to 11 years. Most of the property leases have fixed payment terms with annual fixed-escalation clauses and include options to extend or terminate the lease. We do not include these term extensions or termination provisions in our estimates of the lease term if we do not consider it reasonably certain that the options will be exercised.
We also have operating leases for a fleet of vehicles that is used by our sales force for business purposes, with noncancelable lease terms of 367 days. Thereafter, the leases are month-to-month, up to a maximum of 48 months from inception.
During the years ended December 31, 2025, and December 31, 2024, we paid $36 million and $35 million in cash for amounts included in the measurement of lease liabilities at December 31, 2025, and December 31, 2024, respectively. These amounts are included in net cash provided by operating activities in our Consolidated Statement of Cash Flows. During the years ended December 31, 2025, and December 31, 2024, we obtained $52 million and $34 million, respectively, of ROU assets in exchange for new lease liabilities. As of December 31, 2025, the weighted-average remaining lease term of our operating lease portfolio was 5 years, and the weighted-average discount rate was 3.66%, compared to 3 years and 3.32% as of December 31, 2024.
The following table presents future minimum rental payments we are required to make under operating leases that have commenced as of December 31, 2025, and that have noncancelable lease terms expiring after December 31, 2025.
Year ended December 31, ($ in millions)
2026$38 
202733 
202826 
20299 
20308 
2031 and thereafter23 
Total undiscounted cash flows137 
Difference between undiscounted cash flows and discounted cash flows(13)
Total lease liability$124 
The following table details the components of total net operating lease expense.
Year ended December 31, ($ in millions)
202520242023
Operating lease expense$32 $30 $29 
Variable lease expense5 4 5 
Total lease expense, net (a)$37 $34 $34 
(a)Included in other operating expenses in our Consolidated Statement of Income.
Ally as the Lessor
Investment in Operating Leases
We purchase consumer operating lease contracts and the associated vehicles from automotive dealerships or manufacturers after those contracts are executed. The amount we pay for an operating lease contract is based on the negotiated price for the vehicle less vehicle trade-in, down payment from the consumer, and available automotive manufacturer incentives. Under the operating lease, the consumer is obligated to make payments in amounts equal to the amount by which the negotiated purchase price of the vehicle (less any trade-in value, down payment,
tax credits, or available manufacturer incentives) exceeds the contract residual value (including residual support) of the vehicle at lease termination, plus operating lease rental charges. The customer can terminate the lease at any point after commencement, subject to additional charges and fees. The consumer, dealership, or automotive manufacturer may have the option to purchase the vehicle at the end of the lease term, which generally range from 24 to 60 months, at the residual value of the vehicle, however it is not reasonably certain this option will be exercised and accordingly our consumer leases are classified as operating leases. In addition to the charges described above, the consumer is generally responsible for certain charges related to excess mileage or excessive wear and tear on the vehicle. These charges are deemed variable lease payments and, as these payments are not based on a rate or index, they are recognized as net depreciation expense on operating lease assets in our Consolidated Statement of Income as incurred.
When we acquire a consumer operating lease, we assume ownership of the vehicle. We require that property damage, bodily injury, collision, and comprehensive insurance be obtained by the lessee on all consumer operating leases. When vehicles are not purchased by customers, the receiving dealer, or automotive manufacturer at scheduled lease termination, the vehicle is returned to us for remarketing. We generally bear the risk of loss to the extent the value of a leased vehicle upon remarketing is below the expected residual value after adjusting for any OEM residual value guarantees. At termination, our actual sales proceeds from remarketing the vehicle may be higher or lower than the estimated residual value after adjusting for any OEM residual value guarantees resulting in a gain or loss on remarketing, which is included in net depreciation expense on operating lease assets in our Consolidated Statement of Income. Excessive mileage or excessive wear and tear on the vehicle during the lease may impact the sales proceeds received upon remarketing. As of December 31, 2025, and December 31, 2024, consumer operating leases with a carrying value, net of accumulated depreciation, of $3.4 billion and $1.9 billion, respectively, were covered by OEM residual value guarantees. Substantially all were covered under an OEM residual value guarantee of approximately 50% of the vehicles’ contract residual value at both December 31, 2025, and December 31, 2024.
The following table details our investment in operating leases.
Year ended December 31, ($ in millions)
20252024
Vehicles$10,163 $9,519 
Accumulated depreciation(1,391)(1,528)
Investment in operating leases, net$8,772 $7,991 
The following table presents future minimum rental payments we have the right to receive under operating leases with noncancelable lease terms expiring after December 31, 2025.
Year ended December 31, ($ in millions)
2026$1,445 
2027944 
2028351 
202941 
20302 
Total lease payments from operating leases$2,783 
We recognized operating lease revenue of $1.5 billion, $1.4 billion, and $1.6 billion for the years ended December 31, 2025, 2024, and 2023, respectively. Depreciation expense on operating lease assets includes net remarketing gains and losses recognized on the sale of operating lease assets. The following table summarizes the components of depreciation expense on operating lease assets.
Year ended December 31, ($ in millions)
202520242023
Depreciation expense on operating lease assets (excluding remarketing losses and (gains)) (a)$909 $868 $1,051 
Remarketing losses (gains), net28 (132)(211)
Net depreciation expense on operating lease assets$937 $736 $840 
(a)Includes variable lease payments related to excess mileage and excessive wear and tear on vehicles of $22 million, $21 million, and $9 million for the years ended December 31, 2025, 2024, and 2023, respectively.
Finance Leases
In our Automotive Finance operations, we also hold automotive leases that require finance lease treatment as prescribed by ASC Topic 842, Leases. Our total gross investment in finance leases, which consists of lease payment receivables, and is included in finance receivables and loans, net, on our Consolidated Balance Sheet, was $376 million and $496 million as of December 31, 2025, and December 31, 2024, respectively. Interest income on finance lease receivables was $35 million and $46 million for the years ended December 31, 2025, and 2024, respectively, and is included in interest and fees on finance receivables and loans in our Consolidated Statement of Income.
The following table presents future minimum rental payments we have the right to receive under finance leases with noncancelable lease terms expiring after December 31, 2025.
Year ended December 31, ($ in millions)
2026$134 
2027118 
202887 
202959 
203031 
2031 and thereafter11 
Total undiscounted cash flows440 
Difference between undiscounted cash flows and discounted cash flows(64)
Present value of lease payments recorded as lease receivable$376 
v3.25.4
Securitizations and Variable Interest Entities
 12 Months Ended
Dec. 31, 2025
Securitizations And Variable Interest Entities [Abstract]  
Securitizations and Variable Interest Entities Securitizations and Variable Interest Entities
Overview
We securitize, transfer, and service consumer automotive loans. We often securitize these loans (also referred to as financial assets) using SPEs. An SPE is a legal entity that is designed to fulfill a specified limited need of the sponsor. Our principal use of SPEs is to obtain liquidity by securitizing certain of our financial assets. SPEs are often VIEs and may or may not be included on our Consolidated Balance Sheet. Additionally, we opportunistically sell consumer automotive whole-loans to SPEs where we have a continuing involvement.
Securitizations
In executing a securitization, we typically sell pools of financial assets to a wholly owned, bankruptcy-remote SPE, which then transfers the financial assets to a separate, transaction-specific SPE for cash, and typically, other retained interests. The SPE is funded through the issuance of beneficial interests, which could take the form of notes or residual interests and can be sold to investors or retained by us. We hold retained beneficial interests in our securitizations including, but not limited to, retained notes, certificated residual interests, as well as certain noncertificated interests retained from the sale of automotive finance receivables. If sold, the beneficial interests only entitle the investors to specified cash flows generated from the underlying securitized assets. If retained, the interests provide credit enhancement to the SPE as they may absorb credit losses or other cash shortfalls and may represent a form of significant continuing economic interests. In addition to providing a source of liquidity and cost-efficient funding, securitizing these financial assets also reduces our credit exposure to the borrowers beyond any economic interest we may retain.
The SPEs are limited to specific activities by their respective legal documents, but are generally allowed to acquire the financial assets, to issue beneficial interests to investors to fund the acquisition of the financial assets, and to enter into interest rate hedges to mitigate certain risks related to the financial assets or beneficial interests of the entity. A servicer, who is generally us, is appointed pursuant to the underlying legal documents to service the assets the SPE holds and the beneficial interests it issues. Servicing functions include, but are not limited to, general collections activity on current and noncurrent accounts, loss mitigation efforts including repossession and sale of collateral, as well as preparing and furnishing statements summarizing the asset and beneficial interest performance. These servicing responsibilities constitute continued involvement in the transferred financial assets.
Cash flows from the securitized financial assets represent the sole source for payment of distributions on the beneficial interests issued by the SPE and for payments to the parties that perform services for the SPE, such as the servicer or the trustee.
We generally hold certain conditional repurchase options specific to securitizations that allow us to repurchase assets from the securitization entity. The majority of the securitizations provide us, as servicer, with a call option that allows us to repurchase the remaining transferred financial assets or redeem outstanding beneficial interests at our discretion once the asset pool reaches a predefined level, which represents the point where servicing becomes administratively burdensome (a clean-up call option). The repurchase price is typically the securitization balance of the assets plus accrued interest when applicable. We generally have discretion regarding when or if we will exercise these options, but we would do so only when it is in our best interest.
Other than our customary representation, warranty, and covenant provisions, these securitizations are nonrecourse to us, thereby transferring the risk of future credit losses to the extent the beneficial interests in the SPEs are held by third parties. Representation, warranty, and certain covenant provisions generally require us to repurchase assets or indemnify the investor or other party for incurred losses to the extent it is determined that the assets were ineligible or were otherwise defective at the time of sale, or otherwise not in compliance with the ongoing covenant obligations. We did not provide any noncontractual financial support to any of these entities during 2025, 2024, or 2023.
Variable Interest Entities
The VIEs included on our Consolidated Balance Sheet represent SPEs where we are deemed to be the primary beneficiary, primarily due to our servicing activities and our beneficial interests in the VIE that could be potentially significant. We determine whether we have a
potentially significant beneficial interest in the VIE based on the consideration of both qualitative and quantitative factors regarding the nature, size, and form of our involvement in the VIE. The third-party investors in the obligations of consolidated VIEs have legal recourse only to the assets of the VIEs and do not have such recourse to us, except for the customary representation, warranty, and covenant provisions. In addition, the cash flows from the assets are restricted only to pay such liabilities. Thus, our economic exposure to loss from outstanding third-party financing related to consolidated VIEs is limited to the carrying value of the consolidated VIE assets. Generally, all assets of consolidated VIEs are restricted for the beneficial interest holders. For additional information regarding our significant accounting policies for consolidated VIEs, refer to the Variable Interest Entities and Securitizations section of Note 1.
The nature, purpose, and activities of nonconsolidated SPEs are similar to those of our consolidated SPEs with the primary difference being the nature and extent of our continuing involvement. For nonconsolidated SPEs, the transferred financial assets are removed from our balance sheet provided the conditions for sale accounting are met. The financial assets obtained from the sale are primarily reported as cash or retained interests (if applicable). Liabilities incurred as part of these sales, are recorded at fair value at the time of sale and are reported as accrued expenses and other liabilities on our Consolidated Balance Sheet. Upon the sale of the loans, we recognize a gain or loss on sale for the difference between the assets recognized, the assets derecognized, and the liabilities recognized as part of the transaction. With respect to our ongoing right to service the assets we sell, the servicing fee we receive represents adequate compensation, and consequently, we do not recognize a servicing asset or liability.
The pretax losses on sales of financial assets into nonconsolidated VIEs was $7 million during the year ended December 31, 2025, as compared to pretax gains of $3 million and $1 million during the years ended December 31, 2024, and 2023, respectively. For additional information regarding our significant accounting policies for nonconsolidated VIEs, refer to the Variable Interest Entities and Securitizations section of Note 1.
We provide long-term guarantee contracts to investors in certain nonconsolidated affordable housing entities and have extended a line of credit to provide liquidity. Since we do not have control over the entities or the power to make decisions, we do not consolidate the entities and our involvement is limited to the guarantee and the line of credit.
We are involved with various other nonconsolidated equity investments, including affordable housing entities and venture capital funds and loan funds. We do not consolidate these entities and our involvement is limited to our outstanding investment, additional capital committed to these funds plus any previously recognized LIHTCs that are subject to recapture.
The following table presents our involvement in consolidated and nonconsolidated VIEs in which we hold variable interests. We have excluded certain transactions with nonconsolidated entities from the balances presented in the table below, where our only continuing involvement relates to financial interests obtained through the ordinary course of business, primarily from lending and investing arrangements. For additional detail related to the assets and liabilities of consolidated variable interest entities, refer to our Consolidated Balance Sheet.
December 31, ($ in millions)
Carrying value of total assetsCarrying value of total liabilitiesAssets sold to nonconsolidated VIEs (a)Maximum exposure to loss in nonconsolidated VIEs
2025
On‑balance sheet variable interest entities
Consumer automotive$12,149 (b)$1,619 (c)$— $— 
Off-balance sheet variable interest entities
Consumer automotive (d)53 (e)— 3,192 3,245 (f)
Commercial other2,822 (g)820 (h)— 3,690 (i)
Total$15,024 $2,439 $3,192 $6,935 
2024
On-balance sheet variable interest entities
Consumer automotive$12,821 (b)$1,683 (c)$— $— 
Off-balance sheet variable interest entities
Consumer automotive (d)92 (e)— 2,885 2,977 (f)
Consumer other (j)— — 86 86 
Commercial other2,768 (g)1,022 (h)— 3,482 (i)
Total$15,681 $2,705 $2,971 $6,545 
(a)Represents the current unpaid principal balance of outstanding consumer automotive and credit card finance receivables and loans within the VIEs.
(b)Includes $8.9 billion and $8.2 billion of assets that were not encumbered by VIE beneficial interests held by third parties at December 31, 2025, and December 31, 2024, respectively. Ally or consolidated affiliates hold the interests in these assets.
(c)Includes $137 million and $118 million of liabilities that were not obligations to third-party beneficial interest holders at December 31, 2025, and December 31, 2024, respectively.
(d)Includes activity where we sell loans through a pass-through program to a third party.
(e)Represents retained notes and certificated residual interests, of which $50 million and $88 million were classified as held-to-maturity securities at December 31, 2025, and December 31, 2024, respectively, and $3 million and $4 million were classified as other assets at December 31, 2025, and December 31, 2024, respectively. These assets represent our compliance with the risk retention rules under the Dodd-Frank Act, requiring us to retain at least five percent of the credit risk of the assets underlying asset-backed securitizations.
(f)Maximum exposure to loss represents the current unpaid principal balance of outstanding loans based on our customary representation and warranty provisions. This measure is based on the unlikely event that all the loans have underwriting defects or other defects that trigger a representation and warranty provision and the collateral supporting the loans are worthless. This required disclosure is not an indication of our expected loss.
(g)Amounts are classified as other assets except for $56 million and $50 million classified as equity securities at December 31, 2025, and December 31, 2024, respectively.
(h)Amounts are classified as accrued expenses and other liabilities.
(i)For certain nonconsolidated affordable housing entities, maximum exposure to loss represents the yield we guaranteed investors through long-term guarantee contracts. The amount disclosed is based on the unlikely event that the yield delivered to investors in the form of LIHTCs and other tax credits is recaptured. For nonconsolidated equity investments, maximum exposure to loss represents our outstanding investment, additional committed capital, and LIHTCs and other tax credits subject to recapture. The amount disclosed is based on the unlikely event that our committed capital is funded, our investments become worthless, and the tax credits previously delivered to us are recaptured. This required disclosure is not an indication of our expected loss.
(j)Includes balances from Ally Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
Cash Flows with Nonconsolidated Special-Purpose Entities
The following table summarizes cash flows received and paid related to SPEs and asset-backed financings where the transfer is accounted for as a sale and we have a continuing involvement with the transferred consumer automotive and credit card assets (for example, servicing) that were outstanding during the years ended December 31, 2025, 2024, and 2023. Additionally, this table contains information regarding cash flows received from and paid to nonconsolidated SPEs that existed during each period.
Year ended December 31, ($ in millions)
202520242023
Consumer automotive
Cash proceeds from transfers completed during the period$1,420 $1,594 $1,131 
Servicing fees62 58 19 
Cash flows received on retained interests in securitization entities42 54 4 
Other cash flows received4 2 1 
Cash disbursements for repurchases during the period1 1 — 
Consumer other (a)
Cash proceeds from transfers completed during the period8 46 117 
Servicing fees1 6 8 
(a)Includes activity from Ally Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
Delinquencies and Net Credit Losses
The following tables present quantitative information about off-balance sheet securitizations and whole-loan sales where we have continuing involvement.
Total amountAmount 60 days or more past due
December 31, ($ in millions)
2025202420252024
Off-balance-sheet securitization entities
Consumer automotive$1,002 $1,730 $18 $22 
Whole-loan sales (a)
Consumer automotive2,190 1,155 143 83 
Consumer other (b)— 86 — 10 
Total$3,192 $2,971 $161 $115 
(a)Whole-loan sales are not part of a securitization transaction, but represent consumer automotive and credit card pools of loans sold to third-party investors.
(b)Includes balances related to Ally Credit Card at December 31, 2024. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
Net credit losses
Year ended December 31, ($ in millions)
20252024
Off-balance-sheet securitization entities
Consumer automotive$17 $20 
Whole-loan sales (a)
Consumer automotive104 79 
Consumer other (b)7 36 
Total$128 $135 
(a)Whole-loan sales are not part of a securitization transaction, but represent consumer automotive and credit card pools of loans sold to third-party investors.
(b)Includes activity from Ally Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
Affordable Housing Investments
We have investments in various limited partnerships that sponsor affordable housing projects, which meet the definition of a VIE. The purpose of these investments is to achieve a satisfactory return on capital through the receipt of LIHTC and to assist us in achieving goals associated with the CRA. Our affordable housing investments are accounted for using the proportional amortization method of accounting, which recognizes the amortized cost basis of the investment as a component of income tax expense. Refer to Note 13 for more information on our proportional amortization investments.
v3.25.4
Premiums Receivable and Other Insurance Assets
 12 Months Ended
Dec. 31, 2025
Premiums Receivable Disclosure [Abstract]  
Premiums Receivable and Other Insurance Assets Premiums Receivable and Other Insurance Assets
Premiums receivable and other insurance assets consisted of the following.
December 31, ($ in millions)
20252024
Prepaid reinsurance premiums$644 $594 
Reinsurance recoverable on unpaid losses69 60 
Reinsurance recoverable on paid losses37 44 
Premiums receivable223 206 
Deferred policy and service contract acquisition costs1,871 1,886 
Total premiums receivable and other insurance assets$2,844 $2,790 
v3.25.4
Other Assets
 12 Months Ended
Dec. 31, 2025
Other Assets [Abstract]  
Other Assets Other Assets
The components of other assets were as follows.
December 31, ($ in millions)
20252024
Property and equipment at cost$2,280 $2,226 
Accumulated depreciation(1,130)(973)
Net property and equipment1,150 1,253 
Net deferred tax assets2,334 1,916 
Proportional amortization investments (a) (b)2,094 2,131 
Restricted cash and cash equivalents (c)1,543 788 
Accrued interest, fees, and rent receivables (d)941 929 
Nonmarketable equity investments922 789 
Equity-method investments (e)715 632 
Other accounts receivable403 312 
Restricted cash held for securitization trusts (f)236 300 
Goodwill190 551 
Operating lease right-of-use assets109 92 
Net intangible assets— 54 
Other assets986 913 
Total other assets$11,623 $10,660 
(a)Proportional amortization investments includes qualifying LIHTC, NMTC, and HTC investments. Refer to Note 1 for additional information.
(b)Presented gross of the associated unfunded commitment. Refer to Note 16 for further information.
(c)Primarily represents restricted cash equivalents funded through the issuance of credit-linked notes. Additionally, includes a number of arrangements with third parties where certain restrictions are placed on balances we hold due to collateral agreements associated with operational processes with a third-party bank, partner, or letter of credit arrangements and corresponding collateral requirements. Refer to Note 20 for further information about the issuance of credit-linked notes.
(d)Primarily relates to accrued interest, fees, and rent receivables related to our consumer automotive and commercial automotive finance receivables and loans.
(e)Primarily relates to investments made in connection with our CRA program.
(f)Includes restricted cash collected from customer payments on securitized receivables, which are distributed by us to investors as payments on the related secured debt, and cash reserve deposits utilized as a form of credit enhancement for various securitization transactions.
We elected to apply the proportional amortization method to qualifying tax equity investments within our LIHTC, NMTC, and HTC programs upon adoption of ASU 2023-02 on January 1, 2024. Prior to adoption, the proportional amortization method applied to our qualifying LIHTC investments only. Refer to Note 1 for additional information.
The following table summarizes information about our proportional amortization investments.
Year ended December 31, ($ in millions)
202520242023
Tax credits and other tax benefits from proportional amortization investments (a) (b)$302 $251 $200 
Investment amortization expense recognized as a component of income tax expense (a)237 203 157 
Net benefit from proportional amortization investments (a)$65 $48 $43 
(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, 2025, 2024, and 2023, resulting from the forfeiture or ineligibility of tax credits or other circumstances.
Our proportional amortization investments were $2.1 billion at both December 31, 2025, and December 31, 2024, and are included within other assets on our Consolidated Balance Sheet. Unfunded commitments to provide additional capital to proportional amortization investments were $819 million and $1.0 billion at December 31, 2025, and December 31, 2024, respectively, and are included within accrued expenses and other liabilities on our Consolidated Balance Sheet. Substantially all of the unfunded commitments at December 31, 2025, are expected to be paid out within the next five years.
The total carrying value of the nonmarketable equity investments held at December 31, 2025, and December 31, 2024, including cumulative unrealized gains and losses, was as follows.
December 31, ($ in millions)
20252024
FRB stock$452 $440 
FHLB stock359 258 
Equity investments without a readily determinable fair value
Cost basis94 74 
Adjustments
Upward adjustments57 53 
Downward adjustments (including impairment)(40)(36)
Carrying amount, equity investments without a readily determinable fair value111 91 
Nonmarketable equity investments$922 $789 
During the years ended December 31, 2025, and 2024, unrealized gains and losses included in the carrying value of the nonmarketable equity investments still held as of December 31, 2025, and 2024, were as follows.
Year ended December 31, ($ in millions)
20252024
Upward adjustments$3 $2 
Downward adjustments (including impairment) (a)$(4)$(15)
(a)No impairment on FHLB and FRB stock was recognized during both years ended December 31, 2025, and 2024.
The carrying balance of goodwill by reportable operating segment was as follows.
($ in millions)Automotive Finance operationsInsurance operationsCorporate 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 December 31, 2025
$20 $27 $143 $190 
(a)Includes $143 million of goodwill associated with Ally Invest at both December 31, 2025, and December 31, 2024, and $361 million of goodwill associated with Ally Credit Card at December 31, 2024.
(b)We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
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 year ended December 31, 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 Consolidated Balance Sheet. Subsequent to the impairment charge, the goodwill balance of $56 million was transferred to assets of operations held-for-sale on the Consolidated Balance Sheet. We closed the sale of Ally Credit Card on April 1, 2025. For additional information, refer to Note 2.
The net carrying value of intangible assets by class was as follows.
20252024
December 31, ($ in millions)
Gross intangible assetsAccumulated amortizationNet carrying valueGross intangible assetsAccumulated amortizationNet carrying value
Technology$39 $(39)$— $117 $(77)$40 
Customer lists41 (41)— 41 (41)— 
Purchased credit card relationships— — — 25 (11)14 
Trademarks— — — 2 (2)— 
Total intangible assets$80 $(80)$— $185 $(131)$54 
v3.25.4
Deposit Liabilities
 12 Months Ended
Dec. 31, 2025
Deposits [Abstract]  
Deposit Liabilities Deposit Liabilities
Deposit liabilities consisted of the following.
December 31, ($ in millions)
20252024
Noninterest-bearing deposits$125 $131 
Interest-bearing deposits
Savings, money market, and spending accounts109,214 104,201 
Certificates of deposit42,310 47,242 
Total deposit liabilities$151,649 $151,574 
At December 31, 2025, and December 31, 2024, certificates of deposit included $6.2 billion and $6.8 billion, respectively, of those in denominations in excess of $250 thousand.
The following table presents the scheduled maturity of total certificates of deposit at December 31, 2025.
($ in millions)
Due in 2026$34,764 
Due in 20274,286 
Due in 20282,203 
Due in 2029850 
Due in 2030207 
Total certificates of deposit (a)$42,310 
(a)Includes $6.2 billion of certificates of deposit that are estimated to be uninsured. In some instances, certificates of deposits in excess of federal insurance limits may be insured based upon the number of account owners, beneficiaries, and accounts held.
v3.25.4
Debt
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Debt Debt
Short-Term Borrowings
The following table presents the composition of our short-term borrowings portfolio.
20252024
December 31, ($ in millions)
Unsecured
Secured (a)
Total
Unsecured
Secured (a)
Total
Federal Home Loan Bank
$— $4,150 $4,150 $— $1,625 $1,625 
Securities sold under agreements to repurchase
— 545 545 — — — 
Total short-term borrowings$— $4,695 $4,695 $— $1,625 $1,625 
Weighted average interest rate (b)4.0 %4.7 %
(a)Refer to the section below titled Long-Term Debt for further details on assets restricted as collateral for payment of the related debt.
(b)Based on the debt outstanding and the interest rate at December 31, of each year.
We periodically enter into term repurchase agreements—short-term borrowing agreements in which we sell securities to one or more investors while simultaneously committing to repurchase them at a specified future date, at the stated price plus accrued interest. As of December 31, 2025, the securities sold under agreements to repurchase consisted of $462 million in U.S. Treasury securities and $83 million in agency mortgage backed residential debt securities, of which $462 million in repurchase agreements were set to mature within 30 days, and the remaining $83 million of repurchase agreements are set to mature within 31 to 60 days.
The primary risk associated with these repurchase agreements is that the counterparty will be unable to perform under the terms of the contract. As the borrower, we are exposed to the excess fair value of the securities pledged over the amount borrowed. Daily mark-to-market collateral management is designed to limit this risk to the initial margin. However, should a counterparty declare bankruptcy or become insolvent, we may incur additional delays and costs. In some instances, we may place or receive cash collateral with counterparties under collateral arrangements associated with our repurchase agreements. As of December 31, 2025, we placed cash collateral of $1 million related to repurchase agreements.
Long-Term Debt
The following tables present the composition of our long-term debt portfolio.
December 31, ($ in millions)
AmountInterest rateWeighted average stated interest rate (a)Due date range
2025
Unsecured debt
Fixed rate (b)$9,933 
Hedge basis adjustments (c)79 
Total unsecured debt10,012 
1.15–8.00%
6.35%2026–2040
Secured debt
Fixed rate7,010 
Variable rate (d)48 
Total secured debt (e) (f)7,058 
3.19–12.75%
4.37%2026–2033
Total long-term debt$17,070 
2024
Unsecured debt
Fixed rate (b)$10,974 
Hedge basis adjustments (c)88 
Total unsecured debt11,062 
1.15–8.00%
6.25 %2025–2040
Secured debt
Fixed rate6,358 
Variable rate (d)75 
Total secured debt (e) (f)6,433 
1.96–12.75%
4.32 %2025–2032
Total long-term debt$17,495 
(a)Based on the debt outstanding and the interest rate at December 31 of each year excluding any impacts of interest rate hedges.
(b)Includes subordinated debt of $1.0 billion and $2.0 billion at December 31, 2025, and 2024, respectively.
(c)Represents the basis adjustment associated with the application of hedge accounting on certain of our long-term debt positions. Refer to Note 21 for additional information.
(d)Represents long-term debt that does not have a stated interest rate.
(e)Includes $1.5 billion and $1.6 billion of VIE secured debt at December 31, 2025, and 2024, respectively.
(f)Includes advances from the FHLB of Pittsburgh of $4.2 billion at both December 31, 2025, and 2024.
20252024
December 31, ($ in millions)
UnsecuredSecuredTotalUnsecuredSecuredTotal
Long-term debt (a)
Due within one year$— $2,659 $2,659 $2,408 $2,411 $4,819 
Due after one year10,012 4,399 14,411 8,654 4,022 12,676 
Total long-term debt$10,012 $7,058 $17,070 $11,062 $6,433 $17,495 
(a)Includes basis adjustments related to the application of hedge accounting. Refer to Note 21 for additional information.
The following table presents the scheduled remaining maturity of long-term debt at December 31, 2025, assuming no early redemptions will occur. The amounts below include adjustments to the carrying value resulting from the application of hedge accounting. The actual payment of secured debt may vary based on the payment activity of the related pledged assets.
($ in millions)202620272028202920302031 and thereafter
Total
Unsecured
Long-term debt
$82 $1,620 $896 $1,778 $793 $5,532 $10,701 
Original issue discount
(82)(95)(107)(123)(143)(139)(689)
Total unsecured
— 1,525 789 1,655 650 5,393 10,012 
Secured
Long-term debt
2,659 2,422 1,636 253 66 22 7,058 
Total long-term debt
$2,659 $3,947 $2,425 $1,908 $716 $5,415 $17,070 
The following table summarizes assets restricted as collateral for the payment of the related debt obligation.
December 31, ($ in millions)
20252024
Consumer automotive finance receivables$36,807 $38,316 
Consumer mortgage finance receivables15,604 17,269 
Commercial finance receivables7,686 6,297 
Investment securities (amortized cost basis of $3,114 and $2,822) (a)
3,292 2,946 
Other assets (b)1,381 669 
Total assets restricted as collateral (c) (d)$64,770 $65,497 
Secured debt (e)$11,753 $8,058 
(a)A portion of the restricted investment securities at December 31, 2025, was restricted under repurchase agreements. Refer to the section above titled Short-Term Borrowings for information on the repurchase agreements.
(b)Includes the collateral accounts restricted for the payment of credit-linked notes recorded within restricted cash and cash equivalents. Excludes restricted cash and cash reserves for securitization trusts. Refer to Note 13 and Note 20 for additional information.
(c)All restricted assets are those of Ally Bank.
(d)Ally Bank has an advance agreement with the FHLB, and had assets pledged to secure borrowings that were restricted as collateral to the FHLB totaling $26.0 billion and $26.5 billion at December 31, 2025, and December 31, 2024, respectively. These assets were primarily composed of consumer mortgage finance receivables and loans as well as mortgage-backed securities. Ally Bank has access to the FRB Discount Window and had assets pledged and restricted as collateral to the FRB totaling $33.7 billion and $33.8 billion at December 31, 2025, and December 31, 2024, respectively. These assets were composed of consumer automotive finance receivables and loans. Availability under these programs is only for the operations of Ally Bank and cannot be used to fund the operations or liabilities of Ally or its other subsidiaries.
(e)Includes $4.7 billion and $1.6 billion of short-term borrowings at December 31, 2025, and December 31, 2024, respectively.
v3.25.4
Accrued Expenses and Other Liabilities
 12 Months Ended
Dec. 31, 2025
Accounts Payable and Accrued Liabilities [Abstract]  
Accrued Expenses and Other Liabilities Accrued Expenses and Other Liabilities
The components of accrued expenses and other liabilities were as follows.
December 31, ($ in millions)
20252024
Unfunded commitments for proportional amortization investments (a)$819 $1,019 
Accounts payable420 505 
Employee compensation and benefits417 424 
Reserves for insurance losses and loss adjustment expenses (b)233 189 
Deferred revenue141 122 
Operating lease liabilities124 111 
Other liabilities551 444 
Total accrued expenses and other liabilities (c)$2,705 $2,814 
(a)Primarily relates to unfunded commitments for investments in qualified affordable housing projects.
(b)Refer to Note 6 for further information.
(c)We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
v3.25.4
Equity
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Equity Equity
Common Stock
The following table presents changes in the number of shares issued and outstanding.
(shares in thousands) (a)
202520242023
Common stock
Total issued at January 1,515,778 511,861 507,683 
New issuances
Employee benefits and compensation plans4,578 3,916 4,179 
Total issued at December 31,520,356 515,778 511,861 
Treasury balance at January 1,(210,390)(209,402)(208,358)
Repurchase of common stock (b)
(1,473)(988)(1,044)
Total treasury stock at December 31,(211,863)(210,390)(209,402)
Total outstanding at December 31,308,493 305,388 302,459 
(a)Figures in the table may not recalculate exactly due to rounding. Number of shares issued, in treasury, and outstanding are calculated based on unrounded numbers.
(b)Includes shares of common stock withheld to cover income taxes owed by participants in our share-based incentive plans. Refer to the section titled Capital Planning and Stress Tests in Note 20 for additional information regarding our common share repurchase program.
Preferred Stock
Series B Preferred Stock
In April 2021, we issued 1,350,000 shares of 4.700% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, with $0.01 par value and liquidation preference of $1,000 per share. Proceeds from the offering were used to redeem a portion of our 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2 of GMAC Capital Trust I. Dividends on shares of the Series B Preferred Stock are discretionary and are not cumulative. Holders of the Series B Preferred Stock will be entitled to receive, if, when and as declared by our Board, or a duly authorized committee of the Board, out of legally available assets, non-cumulative cash dividends quarterly in arrears on February 15, May 15, August 15 and November 15 of each year, beginning on August 15, 2021. Dividends will accrue (i) from the date of original issue to, but excluding, May 15, 2026, at a fixed rate of 4.700% per annum and (ii) from, and including, May 15, 2026, during each five-year reset period, at a rate per annum equal to the five-year treasury rate as of the most recent reset dividend determination date plus 3.868% on the liquidation preference amount of $1,000 per share. So long as any share of Series B Preferred Stock remains outstanding, unless the dividends for the most recently completed dividend period have been paid in full, or set aside for payment, on all outstanding shares of Series B Preferred Stock, we will be prohibited, subject to certain specified exceptions, from (i) declaring or paying any dividends or making any distributions with respect to any stock that ranks on a parity basis with, or junior in interest to, the Series B Preferred Stock or (ii) repurchasing, redeeming, or otherwise acquiring for consideration, directly or indirectly, any stock that ranks on a parity basis with, or junior in interest to, the Series B Preferred Stock.
The holders of the Series B Preferred Stock do not have voting rights other than those set forth in the certificate of designations for the Series B Preferred Stock included in Ally’s Certificate of Incorporation. The Series B Preferred Stock does not have a stated maturity date, and will be perpetual unless redeemed at Ally’s option. Ally is not required to redeem the Series B Preferred Stock and holders of the Series B Preferred Stock have no right to require Ally to redeem their shares. Ally may, at its option, redeem the shares of Series B Preferred stock (i) in whole or in part, on any dividend payment date on or after May 15, 2026, or (ii) in whole, but not in part, at any time within 90 days following a regulatory capital treatment event. In the event of any liquidation, dissolution or winding up of the affairs of Ally, holders of the Series B Preferred Stock will be entitled to receive the liquidation amount per share of Series B Preferred Stock and an amount equal to all declared, but unpaid dividends declared prior to the date of payment out of assets available for distribution, before any distribution is made for holders of stock that ranks junior in interest to the Series B Preferred Stock, subject to the rights of Ally’s creditors.
Series C Preferred Stock
In June 2021, we issued 1,000,000 shares of 4.700% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C, with $0.01 par value and liquidation preference of $1,000 per share. Proceeds from the offering were used to redeem a portion of our 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2 of GMAC Capital Trust I. Dividends on shares of the Series C Preferred Stock are discretionary and are not cumulative. Holders of the Series C Preferred Stock will be entitled to receive, if, when and as declared by our Board, or a duly authorized committee of the Board, out of legally available assets, non-cumulative cash dividends quarterly in arrears on February 15, May 15, August 15 and November 15 of each year, beginning on August 15, 2021. Dividends will accrue (i) from the date of original issue to, but excluding, May 15, 2028, at a fixed rate of 4.700% per annum and (ii) from, and including, May 15, 2028, during each seven-year reset period, at a rate per annum equal to the seven-year treasury rate as of the most recent reset dividend determination date plus 3.481% on the liquidation preference amount of $1,000 per share. So long as any share of Series C Preferred Stock remains outstanding, unless the dividends for the most recently completed dividend period have been paid in full, or set aside for payment, on all outstanding shares of Series C Preferred Stock, we will be prohibited, subject to certain specified exceptions, from (i) declaring or paying any dividends or
making any distributions with respect to any stock that ranks on a parity basis with, or junior in interest to, the Series C Preferred Stock or (ii) repurchasing, redeeming, or otherwise acquiring for consideration, directly or indirectly, any stock that ranks on a parity basis with, or junior in interest to, the Series C Preferred Stock.
The holders of the Series C Preferred Stock do not have voting rights other than those set forth in the certificate of designations for the Series C Preferred Stock included in Ally’s Certificate of Incorporation. The Series C Preferred Stock does not have a stated maturity date, and will be perpetual unless redeemed at Ally’s option. Ally is not required to redeem the Series C Preferred Stock and holders of the Series C Preferred Stock have no right to require Ally to redeem their shares. Ally may, at its option, redeem the shares of Series C Preferred stock (i) in whole or in part, on any dividend payment date on or after May 15, 2028, or (ii) in whole, but not in part, at any time within 90 days following a regulatory capital treatment event. In the event of any liquidation, dissolution or winding up of the affairs of Ally, holders of the Series C Preferred Stock will be entitled to receive the liquidation amount per share of Series C Preferred Stock and an amount equal to all declared, but unpaid dividends declared prior to the date of payment out of assets available for distribution, before any distribution is made for holders of stock that ranks junior in interest to the Series C Preferred Stock, subject to the rights of Ally’s creditors.
The following table summarizes information about our preferred stock.
December 31, 20252024
Series B preferred stock (a)
Issuance dateApril 22, 2021April 22, 2021
Carrying value ($ in millions)
$1,335$1,335
Par value (per share)
$0.01$0.01
Liquidation preference (per share)
$1,000$1,000
Number of shares authorized1,350,0001,350,000
Number of shares issued and outstanding1,350,0001,350,000
Dividend/coupon
Prior to May 15, 20264.700%4.700%
On and after May 15, 2026
Five Year Treasury + 3.868%
Five Year Treasury + 3.868%
Series C preferred stock (a)
Issuance dateJune 2, 2021June 2, 2021
Carrying value ($ in millions)
$989$989
Par value (per share)
$0.01$0.01
Liquidation preference (per share)
$1,000$1,000
Number of shares authorized1,000,0001,000,000
Number of shares issued and outstanding1,000,0001,000,000
Dividend/coupon
Prior to May 15, 20284.700%4.700%
On and after May 15, 2028
Seven Year Treasury + 3.481%
Seven Year Treasury + 3.481%
(a)We may, at our option, redeem the Series B and Series C shares on any dividend payment date on or after May 15, 2026, or May 15, 2028, respectively, or at any time within 90 days following a regulatory event that precludes the instruments from being included in additional Tier 1 capital.
v3.25.4
Accumulated Other Comprehensive Loss
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss
The following table presents changes, net of tax, in each component of accumulated other comprehensive loss.
Investment securities (a)
($ in millions)
Available-
for-sale securities (b)		Held-to-maturity securitiesTranslation adjustments and net investment hedges (c)Cash flow hedges (c)Accumulated other comprehensive loss
Balance at January 1, 2023$(4,095)$— $18 $18 $(4,059)
Net change949 (682)3 (27)243 
Balance at December 31, 2023(3,146)(682)21 (9)(3,816)
Net change(161)66 (1)(12)(108)
Balance at December 31, 2024(3,307)(616)20 (21)(3,924)
Net change1,047 65 3 23 1,138 
Balance at December 31, 2025$(2,260)$(551)$23 $2 $(2,786)
(a)Includes securities transferred from available-for-sale to held-to-maturity during 2023.
(b)Represents the after-tax difference between the fair value and amortized cost basis of our available-for-sale securities portfolio. Refer to Note 8 for additional information.
(c)For additional information on derivative instruments and hedging activities, refer to Note 21.
The following tables present the before- and after-tax changes in each component of accumulated other comprehensive loss.
Year ended December 31, 2025 ($ in millions)
Before taxTax effectAfter tax
Investment securities
Available-for-sale securities
Net unrealized gains arising during the period$880 $(207)$673 
Less: Net realized losses reclassified to income from continuing operations(491)(a)117 (b)(374)
Net change1,371 (324)1,047 
Held-to-maturity securities
Less: Amortization of amounts previously recorded upon transfer from available-for-sale(84)(c)19 (b)(65)
Translation adjustments
Net unrealized gains arising during the period10 (2)8 
Net investment hedges (d)
Net unrealized losses arising during the period(6)1 (5)
Cash flow hedges (d)
Net unrealized losses arising during the period(2)— (2)
Less: Net realized losses reclassified to income from continuing operations(32)(e)7 (b)(25)
Net change30 (7)23 
Other comprehensive income$1,489 $(351)$1,138 
(a)Includes losses reclassified to other (loss) gain on investments, net, in our Consolidated Statement of Income related to the balance sheet repositioning of our available-for-sale securities portfolio. Refer to Note 8 for additional information.
(b)Includes amounts reclassified to income tax expense from continuing operations in our Consolidated Statement of Income.
(c)Includes amounts reclassified to interest and dividends on investment securities and other earning assets in our Consolidated Statement of Income.
(d)For additional information on derivative instruments and hedging activities, refer to Note 21.
(e)Includes losses reclassified to interest and fees on finance receivables and loans in our Consolidated Statement of Income.
Year ended December 31, 2024 ($ in millions)
Before taxTax effectAfter tax
Investment securities
Available-for-sale securities
Net unrealized losses arising during the period$(203)$45 $(158)
Less: Net realized gains reclassified to income from continuing operations3(a)— (b)3
Net change(206)45 (161)
Held-to-maturity securities
Less: Amortization of amounts previously recorded upon transfer from available-for-sale(87)(c)21 (b)(66)
Translation adjustments
Net unrealized losses arising during the period(17)4 (13)
Net investment hedges (d)
Net unrealized gains arising during the period16 (4)12 
Cash flow hedges (d)
Net unrealized losses arising during the period(28)7 (21)
Less: Net realized losses reclassified to income from continuing operations(12)(e)3 (b)(9)
Net change(16)4 (12)
Other comprehensive loss$(136)$28 $(108)
(a)Includes gains reclassified to other (loss) gain on investments, net, in our Consolidated Statement of Income.
(b)Includes amounts reclassified to income tax expense from continuing operations in our Consolidated Statement of Income.
(c)Includes amounts reclassified to interest and dividends on investment securities and other earning assets in our Consolidated Statement of Income.
(d)For additional information on derivative instruments and hedging activities, refer to Note 21.
(e)Includes losses reclassified to interest and fees on finance receivables and loans in our Consolidated Statement of Income.
Year ended December 31, 2023 ($ in millions)
Before taxTax effectAfter tax
Investment securities
Available-for-sale securities
Net unrealized gains arising during the period$338 $(78)$260 
Net unrealized loss on securities transferred to held-to-maturity (a)911(218)693
Less: Net realized gains reclassified to income from continuing operations5(b)(1)(c)4
Net change1,244 (295)949 
Held-to-maturity securities
Net unrealized loss on securities transferred from available-for-sale (a)(911)218 (693)
Less: Amortization of amounts previously recorded upon transfer from available-for-sale(14)(d)3 (11)
Net change(897)215 (682)
Translation adjustments
Net unrealized gains arising during the period6 (1)5 
Net investment hedges (e)
Net unrealized losses arising during the period(3)1 (2)
Cash flow hedges (e)
Net unrealized losses arising during the period(22)6 (16)
Less: Net realized gains reclassified to income from continuing operations14 (f)(3)(c)11 
Net change(36)9 (27)
Other comprehensive income$314 $(71)$243 
(a)Includes unrealized losses on securities transferred from available-for-sale to held-to-maturity during 2023.
(b)Includes gains reclassified to other (loss) gain on investments, net in our Consolidated Statement of Income.
(c)Includes amounts reclassified to income tax expense from continuing operations in our Consolidated Statement of Income.
(d)Includes amounts reclassified to interest and dividends on investment securities and other earning assets in our Consolidated Statement of Income.
(e)For additional information on derivative instruments and hedging activities, refer to Note 21.
(f)Includes gains reclassified to interest and fees on finance receivables and loans in our Consolidated Statement of Income.
v3.25.4
Earnings per Common Share
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Earnings per Common Share Earnings per Common Share
The following table presents the calculation of basic and diluted earnings per common share.
Year ended December 31, ($ in millions, except per share data; shares in thousands) (a)
202520242023
Net income from continuing operations$852 $669 $959 
Preferred stock dividends — Series B(63)(63)(63)
Preferred stock dividends — Series C(47)(47)(47)
Net income from continuing operations attributable to common shareholders$742 $559 $849 
Loss from discontinued operations, net of tax— (1)(2)
Net income attributable to common shareholders$742 $558 $847 
Basic weighted-average common shares outstanding (b)310,015 306,913 303,751 
Diluted weighted-average common shares outstanding (b)313,043 310,160 305,135 
Basic earnings per common share
Net income from continuing operations$2.39 $1.82 $2.79 
Loss from discontinued operations, net of tax— — (0.01)
Net income$2.39 $1.82 $2.79 
Diluted earnings per common share
Net income from continuing operations$2.37 $1.80 $2.78 
Loss from discontinued operations, net of tax— — (0.01)
Net income$2.37 $1.80 $2.77 
(a)Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers.
(b)Includes shares related to share-based compensation that vested but were not yet issued.
v3.25.4
Regulatory Capital and Other Regulatory Matters
 12 Months Ended
Dec. 31, 2025
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]  
Regulatory Capital and Other Regulatory Matters Regulatory Capital and Other Regulatory Matters
Ally is subject to enhanced prudential standards that have been established by the FRB under the Dodd-Frank Act, as amended by the EGRRCP Act and as applied to Category IV firms under the Tailoring Rules. Refer to the discussion below, however, about rules proposed by the U.S. banking agencies in 2023 that would significantly alter the Tailoring Rules. Currently, as a Category IV firm, Ally is (1) subject to supervisory stress testing on a two-year cycle, (2) required to submit an annual capital plan to the FRB, (3) exempted from company-run capital stress testing requirements, (4) required to maintain a buffer of unencumbered highly liquid assets to meet projected net stressed cash outflows over a 30-day planning horizon, (5) exempted from the requirements of the LCR and the net stable funding ratio (provided that our average wSTWF continues to remain under $50 billion), (6) exempted from the requirements of the supplementary leverage ratio, the countercyclical capital buffer, and single-counterparty credit limits, and (7) eligible to exclude most elements of accumulated other comprehensive income from regulatory capital. Even so, we are subject to rules enabling the FRB to conduct supervisory stress testing on a more or less frequent basis based on our financial condition, size, complexity, risk profile, scope of operations, or activities or based on risks to the U.S. economy. Further, we are subject to rules requiring the resubmission of our capital plan if we determine that there has been or will be a material change in our risk profile, financial condition, or corporate structure since we last submitted the capital plan or if the FRB determines that (a) our capital plan is incomplete or our capital plan or internal capital adequacy process contains material weaknesses, (b) there has been, or will likely be, a material change in our risk profile (including a material change in our business strategy or any risk exposure), financial condition, or corporate structure, or (c) the BHC stress scenario(s) are not appropriate for our business model and portfolios, or changes in the financial markets or the macroeconomic outlook that could have a material impact on our risk profile and financial condition require the use of updated scenarios. While a resubmission is pending, without prior approval of the FRB, we would generally be prohibited from paying dividends, repurchasing our common stock, or making other capital distributions. In addition, to satisfy the FRB in its review of our capital plan, we may be required to further cease or limit these capital distributions or to issue capital instruments that could be dilutive to shareholders. The FRB also may prevent us from maintaining or expanding lending or other business activities.
Basel Capital Framework
The FRB and other U.S. banking agencies have adopted risk-based and leverage capital rules that establish minimum capital-to-asset ratios for BHCs, like Ally, and depository institutions, like Ally Bank.
The risk-based capital ratios are based on a banking organization’s RWAs, which are generally determined under the standardized approach applicable to Ally and Ally Bank by (1) assigning on-balance-sheet exposures to broad risk-weight categories according to the counterparty or, if relevant, the guarantor or collateral (with higher risk weights assigned to categories of exposures perceived as representing greater risk), and (2) multiplying off-balance-sheet exposures by specified credit conversion factors to calculate credit equivalent amounts and assigning those credit equivalent amounts to the relevant risk-weight categories. The leverage ratio, in contrast, is based on an institution’s average unweighted on-balance-sheet exposures.
Under U.S. Basel III, Ally and Ally Bank must maintain a minimum Common Equity Tier 1 risk-based capital ratio of 4.5%, a minimum Tier 1 risk-based capital ratio of 6%, and a minimum total risk-based capital ratio of 8%. On top of the minimum risk-based capital ratios, Ally and Ally Bank are subject to a capital conservation buffer requirement, which must be satisfied entirely with capital that qualifies as Common Equity Tier 1 capital. Failure to maintain more than the full amount of the capital conservation buffer requirement would result in automatic restrictions on the ability of Ally and Ally Bank to make capital distributions, including dividend payments and share repurchases and redemptions, and to pay discretionary bonuses to executive officers. U.S. Basel III also subjects Ally and Ally Bank to a minimum Tier 1 leverage ratio of 4%. While the capital conservation buffer requirement for Ally Bank is fixed at 2.5% of RWAs, the capital conservation buffer requirement for a Category IV firm, like Ally, is equal to its stress capital buffer requirement. The stress capital buffer requirement for Ally, in turn, is the greater of 2.5% and the result of the following calculation: (1) the difference between Ally’s starting and minimum projected Common Equity Tier 1 capital ratios under the severely adverse scenario in the supervisory stress test, plus (2) the sum of the dollar amount of Ally’s planned common stock dividends for each of the fourth through seventh quarters of its nine-quarter capital planning horizon, as a percentage of RWAs. As of December 31, 2025, the stress capital buffer requirement for Ally was 2.6%. Refer to the discussion below regarding a rule proposed by the FRB that would make certain changes to the methodology for determining the stress capital buffer requirement.
Ally and Ally Bank are currently subject to the U.S. Basel III standardized approach for credit risk but not to the U.S. Basel III advanced approaches for credit risk or operational risk. Ally is also not currently subject to the U.S. market-risk capital rule, which applies only to banking organizations with significant trading assets and liabilities. Since Ally and Ally Bank are currently not subject to the advanced approaches risk-based capital rules, we elected to apply a one-time option to exclude most components of accumulated other comprehensive income and loss from regulatory capital. As of December 31, 2025, and December 31, 2024, Ally had $2.8 billion and $3.9 billion, respectively, of accumulated other comprehensive loss, net of applicable income taxes, that was excluded from Common Equity Tier 1 capital. Refer to the discussion below about rules proposed by the U.S. banking agencies in 2023 that would require us to recognize all components of accumulated other comprehensive income and loss in regulatory capital, except gains and losses on cash-flow hedges where the hedged items are not recognized on our balance sheet at fair value. Refer also to Note 18 for additional details about our accumulated other comprehensive loss.
Failure to satisfy regulatory-capital requirements could result in significant sanctions—such as bars or other limits on capital distributions and discretionary bonuses to executive officers, limitations on acquisitions and new activities, restrictions on our acceptance of brokered deposits, a loss of our status as an FHC, or informal or formal enforcement and other supervisory actions—and could have a significant adverse effect on the Consolidated Financial Statements or the business, results of operations, financial condition, or prospects of Ally and Ally Bank.
The risk-based capital ratios and the Tier 1 leverage ratio play a central role in PCA, which is an enforcement framework used by the U.S. banking agencies to constrain the activities of depository institutions based on their levels of regulatory capital. Five categories have been established using thresholds for the Common Equity Tier 1 risk-based capital ratio, the Tier 1 risk-based capital ratio, the total risk-based capital ratio, and the Tier 1 leverage ratio: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized. FDICIA generally prohibits a depository institution from making any capital distribution, including any payment of a cash dividend or a management fee to its BHC, if the depository institution would become undercapitalized after the distribution. An undercapitalized institution is also subject to growth limitations and must submit and fulfill a capital restoration plan. Although BHCs are not subject to the PCA framework, the FRB is empowered to compel a BHC to take measures—such as the execution of financial or performance guarantees—when PCA is required in connection with one of its depository-institution subsidiaries. At both December 31, 2025, and December 31, 2024, Ally Bank met the capital ratios required to be well capitalized under the PCA framework.
Under FDICIA and the PCA framework, IDIs such as Ally Bank must be well capitalized or, with a waiver from the FDIC, adequately capitalized in order to accept brokered deposits, and even adequately capitalized institutions are subject to some restrictions on the rates they may offer for brokered deposits. Our brokered deposits totaled $6.7 billion at December 31, 2025, which represented 4.4% of total deposit liabilities.
The following table summarizes our capital ratios under U.S. Basel III.
December 31, 2025
December 31, 2024
Required minimum (a)Well-capitalized minimum
($ in millions)AmountRatioAmountRatio
Capital ratios
Common Equity Tier 1 (to risk-weighted assets)
Ally Financial Inc.$15,629 10.23 %$15,058 9.82 %4.50 %(b)
Ally Bank17,853 12.50 17,229 11.94 4.50 6.50 %
Tier 1 (to risk-weighted assets)
Ally Financial Inc.$17,885 11.70 %$17,324 11.30 %6.00 %6.00 %
Ally Bank17,853 12.50 17,229 11.94 6.00 8.00 
Total (to risk-weighted assets)
Ally Financial Inc.$20,731 13.56 %$20,182 13.16 %8.00 %10.00 %
Ally Bank19,659 13.77 19,052 13.21 8.00 10.00 
Tier 1 leverage (to adjusted quarterly average assets) (c)
Ally Financial Inc.$17,885 9.25 %$17,324 8.92 %4.00 %(b)
Ally Bank17,853 9.82 17,229 9.40 4.00 5.00 %
(a)In addition to the minimum risk-based capital requirements for the Common Equity Tier 1 capital, Tier 1 capital, and total capital ratios, Ally was required to maintain a minimum capital conservation buffer of 2.6% at both December 31, 2025, and December 31, 2024, and Ally Bank was required to maintain a minimum capital conservation buffer of 2.5% at both December 31, 2025, and December 31, 2024.
(b)Currently, there is no ratio component for determining whether a BHC is “well-capitalized.”
(c)Federal regulatory reporting guidelines require the calculation of adjusted quarterly average assets using a daily average methodology.
On January 1, 2020, we adopted CECL. Refer to Note 1 for additional information about our allowance for loan losses accounting policy. Under a rule finalized by the FRB and other U.S. banking agencies in 2020, we delayed recognizing the estimated impact of CECL on regulatory capital until after a two-year deferral period, which for us extended through December 31, 2021. Beginning on January 1, 2022, we were required to phase in 25% of the previously deferred estimated capital impact of CECL, with an additional 25% phased in at the beginning of each subsequent year until fully phased in by the first quarter of 2025. The estimated impact of CECL on regulatory capital that we deferred and began phasing in on January 1, 2022, was generally calculated as the entire day-one impact at adoption plus 25% of the subsequent change in allowance during the two-year deferral period. As of January 1, 2025, the estimated impact of CECL on regulatory capital was fully phased in.
In July 2023, the U.S. banking agencies issued a proposed rule to customize and implement revisions to the global Basel III capital framework that were approved by the Basel Committee in December 2017. Among other things, the proposed rule would require the recognition in regulatory capital of most elements of accumulated other comprehensive income and loss and the application of deductions, limitations, and criteria for specified capital investments, minority interests, and TLAC holdings. As proposed, the phase-in of accumulated other comprehensive income and loss would be expected to significantly affect our levels of regulatory capital. While we believe that this would be manageable, we also anticipate that our levels of regulatory capital would need to be gradually increased in advance of and during any transition period. However, the federal banking regulators have subsequently indicated that they expect to issue a revised proposal, the timing and contents of which are uncertain.
In August 2023, the U.S. banking agencies issued a proposed rule that would require Category II, III, and IV firms, their large consolidated IDI subsidiaries, and other institutions to issue and maintain minimum amounts of eligible long-term debt. Due to the current structure and amount of debt instruments issued by Ally and Ally Bank, we expect the long-term debt rule, if finalized substantially as proposed, to significantly affect us.
In April 2025, the FRB issued a proposed rule that would modify certain aspects of its supervisory stress tests. Under the proposed rule, the stress capital buffer requirement for Category I–III firms subject to the capital plan rule would be calculated using a methodology that averages results from each of the prior two consecutive annual supervisory stress tests. For Category IV firms subject to the capital plan rule, like Ally, the stress capital buffer requirement would be determined under this two-year averaging methodology only if they choose or are otherwise required to be subject to consecutive supervisory stress tests. According to the FRB, this change is intended to reduce the volatility of a firm’s regulatory capital requirement inherent in the current approach of using the results from only the most recent supervisory stress test. Additionally, to provide firms additional time to adjust to their new regulatory capital requirements, the proposal would delay the annual effective date of a firm’s updated stress capital buffer requirement from October 1 to January 1 of the following year. The proposed rule would have been effective beginning with the stress capital buffer requirement from the 2025 supervisory stress test, which would have been calculated as the average of the stress capital decline components from the 2024 and 2025 supervisory stress tests for applicable firms.
In October 2025, the FRB issued proposals to enhance the transparency and public accountability of its annual stress test, which is used to set the stress capital buffers for large BHCs, including Ally. The proposals request comment on several elements of the stress test, including the models and scenarios used; an enhanced disclosure process for the scenarios and material model changes in future stress test cycles; modifications to reporting forms; and an adjusted timeline for the annual process to accommodate a comment period for scenarios and material model changes.
In February 2026, the FRB issued final stress test scenarios for the 2026 supervisory stress test, and announced it intends to maintain stress capital buffer requirements at their current level until 2027 when new requirements can be calculated based on models that take public feedback into consideration. Whether and when final rules related to these stress-testing proposals may be adopted and take effect, as well as what changes to the proposed rules may be reflected in any such final rules, remain unclear.
Capital Planning and Stress Tests
Under the Tailoring Rules, we are generally subject to supervisory stress testing on a two-year cycle and exempted from mandated company-run capital stress testing requirements. We are also required to submit an annual capital plan to the FRB. Our annual capital plan must include an assessment of our expected uses and sources of capital and a description of all planned capital actions over a nine-quarter planning horizon, including any issuance of a debt or equity capital instrument, any dividend or other capital distribution, and any similar action that the FRB determines could have an impact on our capital. The plan must also include a detailed description of our process for assessing capital adequacy, including a discussion of how we, under expected and stressful conditions, will maintain capital commensurate with our risks and above the minimum regulatory capital ratios, will serve as a source of strength to Ally Bank, and will maintain sufficient capital to continue our operations by maintaining ready access to funding, meeting our obligations to creditors and other counterparties, and continuing to serve as a credit intermediary.
The Tailoring Rules align capital planning, supervisory stress testing, and stress capital buffer requirements for large banking organizations, like Ally. As a Category IV firm, Ally is expected to have the ability to elect to participate in the supervisory stress test—and receive a correspondingly updated stress capital buffer requirement—in a year in which Ally would not generally be subject to the supervisory stress test. Refer to the section titled Basel Capital Framework above for further discussion about our stress capital buffer requirements. During a year in which Ally does not undergo a supervisory stress test, we would receive an updated stress capital buffer requirement only to reflect our updated planned common-stock dividends. Ally did not elect to participate in the 2023 or 2025 supervisory stress tests, but was subject to the 2024 supervisory stress test.
We received an updated preliminary stress capital buffer requirement based on our 2023 capital plan submission from the FRB in June 2023 that remained unchanged at 2.5%. The 2.5% stress capital buffer requirement was finalized in July 2023 and became effective in October 2023. We submitted our 2024 capital plan to the FRB in April 2024, and received an updated preliminary stress capital buffer requirement from the FRB in June 2024 of 2.6%. The updated 2.6% stress capital buffer requirement was finalized in August 2024, and became effective in October 2024. We submitted our 2025 capital plan to the FRB in April 2025, and received in June 2025 an updated preliminary stress capital buffer requirement that remained unchanged at 2.6%. The 2.6% stress capital buffer requirement was finalized in August 2025, and became effective in October 2025. Under the capital plan rule, our 2026 capital plan must be submitted to the FRB by April 5, 2026, and will be reviewed by the FRB in consideration of Ally’s 2026 supervisory stress test results.
In February 2023 and December 2024, we accessed the unsecured debt capital markets each time issuing $500 million of additional subordinated notes, which qualify as Tier 2 capital for Ally under U.S. Basel III. During the years ended December 31, 2025, and 2024, we accessed the debt capital markets and issued an aggregate of $1.1 billion and $770 million, respectively, of credit-linked notes based on combined reference portfolios of $10.0 billion and $7.0 billion of consumer automotive loans. The proceeds from these credit-linked notes issuances constitute prefunded credit protection for mezzanine tranches of the respective reference portfolio and are recognized as restricted cash and cash equivalents in other assets on our Consolidated Balance Sheet. These transactions are structured to enable us to apply the securitization framework under U.S. Basel III when determining RWA for our retained exposure, which recognizes the credit risk mitigation benefits and generally provides lower risk weights relative to those assigned to consumer automotive loans that are not securitized. As of December 31, 2025, and 2024, $12.1 billion and $5.9 billion, respectively, of our consumer automotive loans and related exposures were included as reference assets in these credit-linked notes transactions.
On December 9, 2025, our Board authorized a share repurchase program, permitting us to repurchase up to $2.0 billion of our common stock under a multi-year program without a set expiration date. Since the commencement of our initial share repurchase program in the third quarter of 2016, we have reduced the number of outstanding shares of our common stock by 36%, from 484 million as of June 30, 2016, to 308 million as of December 31, 2025. Our ability to make capital distributions, including our ability to pay dividends or repurchase shares of our common stock, will continue to be subject to the FRB’s review and our internal governance requirements, including approval by our Board. The amount and size of any future dividends and share repurchases also will be subject to various factors, including Ally’s capital and liquidity positions, accounting and regulatory considerations (including any restrictions that may be imposed by the FRB and any changes to capital, liquidity, and other regulatory requirements that may be proposed or adopted by the U.S. banking agencies), Ally’s financial and operational performance, alternative uses of capital, the trading price of Ally’s common stock, and general market conditions. The share repurchase program does not obligate Ally to acquire a specific dollar amount or number of shares, and may be extended, modified, or discontinued at any time.
The following table presents information related to our common stock and distributions to our common shareholders.
Common stock repurchased during period (a)Number of common shares outstandingCash dividends declared per common share (b)
($ in millions, except per share data; shares in thousands)Approximate dollar valueNumber of sharesBeginning of periodEnd of period
2024
First quarter$29 781 302,459 303,978 $0.30 
Second quarter1 13 303,978 304,656 0.30 
Third quarter1 27 304,656 304,715 0.30 
Fourth quarter7 167 304,715 305,388 0.30 
2025
First quarter$34 877 305,388 307,152 $0.30 
Second quarter1 27 307,152 307,787 0.30 
Third quarter1 25 307,787 307,828 0.30 
Fourth quarter23 543 307,828 308,493 0.30 
(a)Includes shares of common stock withheld to cover income taxes owed by participants in our share-based incentive plans.
(b)On January 19, 2026, our Board declared a quarterly cash dividend of $0.30 per share on all common stock. The dividend was paid on February 17, 2026, to shareholders of record at the close of business on February 2, 2026.
Depository Institutions
Ally Bank is a member of the Federal Reserve System and is subject to regulation, supervision, and examination by the FRB, the UDFI, the FDIC, and the CFPB. Ally Bank is an insured depository institution and, as such, is required to file periodic reports with the FDIC about its financial condition. Total assets of Ally Bank were $184.6 billion and $181.4 billion at December 31, 2025, and 2024, respectively. Federal and Utah law place a number of conditions, limits, and other restrictions on dividends and other capital distributions that may be paid by Ally Bank to IB Finance and thus indirectly to Ally. Dividends or other distributions made by Ally Bank indirectly to Ally were $1.2 billion in both 2025 and 2024.
Under rules of the FDIC, Ally Bank is required to periodically submit to the FDIC a resolution plan that would enable the FDIC, as receiver, to resolve Ally Bank in the event of its insolvency under the FDI Act in a manner that ensures that depositors receive access to their insured deposits within one business day of Ally Bank’s failure (two business days if the failure occurs on a day other than Friday), maximizes the net present value return from the sale or disposition of its assets, and minimizes the amount of any loss realized by creditors in the resolution. In June 2024, the FDIC issued a final rule that requires each CIDI with $100 billion or more in total assets, like Ally Bank, to periodically submit resolution plans (commonly known as living wills) that are designed to enable the FDIC as receiver to resolve the bank in a timely and orderly manner under the FDI Act in the event of its insolvency. The final rule became effective on October 1, 2024. Ally Bank submitted its first interim supplement under the new rule on June 23, 2025, and its first full resolution submission is due by July 1, 2026. If the FDIC determines that the resolution plan is not credible and deficiencies are not adequately remediated in a timely manner, the FDIC may take formal or informal supervisory actions against us.
Insurance Companies
Some of our insurance operations—including in the United States, Canada, and Bermuda—are subject to certain minimum aggregate capital requirements, net asset and dividend restrictions, and rules and regulations promulgated by various U.S. and foreign regulatory agencies. Under state and foreign insurance laws, dividend distributions may be made only from statutory unassigned surplus with approvals required from applicable regulatory authorities for dividends in excess of statutory limitations. At December 31, 2025, the maximum dividend that could be paid by the U.S. insurance subsidiaries over the next 12 months without prior statutory approval was $112 million.
v3.25.4
Derivative Instruments and Hedging Activities
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments and Hedging Activities Derivative Instruments and Hedging Activities
We enter into derivative instruments, which may include interest rate swaps, foreign-currency forwards, equity options, and interest rate options, in connection with our risk-management activities. Our primary objective for using derivative financial instruments is to manage interest rate risk associated with our fixed-rate and variable-rate assets and liabilities, foreign exchange risks related to our net investments in foreign subsidiaries, as well as foreign-currency denominated assets and liabilities, and other market risks related to our investment portfolio.
Interest Rate Risk
We monitor our mix of fixed-rate and variable-rate assets and liabilities and may enter into interest rate swaps, forwards, and options to achieve a more desired mix of fixed-rate and variable-rate assets and liabilities. We execute these trades to modify our exposure to interest rate risk by converting certain fixed-rate instruments to a variable-rate and certain variable-rate instruments to a fixed-rate. We use a mix of both derivatives that qualify for hedge accounting treatment and economic hedges that do not qualify for hedge accounting treatment.
Derivatives qualifying for hedge accounting treatment can include receive-fixed swaps designated as fair value hedges of specific fixed-rate unsecured debt obligations, receive-fixed swaps designated as fair value hedges of specific fixed-rate FHLB advances, pay-fixed swaps designated as fair value hedges of securities within our available-for-sale portfolio, and pay-fixed swaps designated as fair value hedges of fixed-rate held-for-investment consumer automotive loan assets. Other derivatives qualifying for hedge accounting consist of interest rate floor contracts designated as cash flow hedges of the expected future cash flows in the form of interest receipts on a portion of our dealer floorplan commercial loans.
We have the ability to execute economic hedges, which could consist of interest rate swaps, forwards, and options to mitigate interest rate risk.
We also entered into interest rate lock commitments and forward commitments that were executed as part of our mortgage business that met the accounting definition of a derivative.
Foreign Exchange Risk
We enter into derivative financial instrument contracts to mitigate the risk associated with variability in cash flows related to our various foreign-currency exposures.
We enter into foreign-currency forwards with external counterparties as net investment hedges of foreign exchange exposure on our investment in foreign subsidiaries. Our equity is impacted by the cumulative translation adjustments resulting from the translation of foreign subsidiary results; this impact is reflected in our accumulated other comprehensive income and loss. We also periodically enter into foreign-currency forwards to economically hedge any foreign-denominated debt, centralized lending, and foreign-denominated third-party loans. These foreign-currency forwards used as economic hedges are recorded at fair value with changes recorded as income or expense offsetting the gains and losses on the associated foreign-currency transactions.
Investment Risk
We enter into equity options to mitigate the risk associated with our exposure to the equity markets.
Credit Risk
We enter into various retail automotive-loan purchase agreements with certain counterparties. As part of those agreements, we may be required to pay the counterparty at agreed upon measurement dates and determinable amounts if actual credit performance of the acquired loans on the measurement date is better than what was estimated at the time of acquisition. Based upon these terms, these contracts meet the accounting definition of a derivative.
We enter into arrangements with certain counterparties through which we issue credit-linked notes covering a specified pool of loans. These notes contain an embedded derivative (referred to as credit-linked note derivatives), which provides us credit protection against the risk of loss when a specified credit event occurs on the reference pool.
Counterparty Credit Risk
Derivative financial instruments contain an element of credit risk if counterparties are unable to meet the terms of the agreements. Credit risk associated with derivative financial instruments is measured as the net replacement cost should the counterparties that owe us under the contract completely fail to perform under the terms of those contracts, with adjustments to reflect the exchange of collateral for margined transactions.
We manage our risk to financial counterparties through internal credit analysis, limits, and monitoring. Additionally, derivatives and repurchase agreements are entered into with approved counterparties using industry standard agreements.
We execute certain OTC derivatives, such as interest rate options, using bilateral agreements with financial counterparties. Bilateral agreements generally require both parties to post collateral in the event the fair values of the derivative financial instruments meet posting thresholds established under the agreements. If either party defaults on the obligation, the secured party may seize the collateral. Payments related to the exchange of collateral for OTC derivatives are recognized as collateral.
We also execute certain derivatives, such as interest rate swaps, with clearinghouses, which require us to post and receive collateral. For these clearinghouse derivatives, these payments are recognized as settlements rather than collateral.
Certain derivative instruments contain provisions that require us to either post additional collateral or immediately settle any outstanding liability balances upon the occurrence of a specified credit-risk-related event. No such specified credit-risk-related events occurred during the years ended December 31, 2025, 2024, or 2023.
We placed cash and noncash collateral with counterparties totaling $4 million and $328 million, respectively, supporting our derivative positions at December 31, 2025, compared to $414 million of noncash collateral at December 31, 2024. These amounts include noncash collateral placed at clearinghouses and exclude cash and noncash collateral pledged under repurchase agreements. The receivables for cash collateral placed are included on our Consolidated Balance Sheet in other assets. We granted our counterparties the right to sell or pledge the noncash collateral.
We received cash collateral from counterparties totaling $11 million at December 31, 2024. These amounts exclude cash and noncash collateral pledged under repurchase agreements. The payables for cash collateral received are included on our Consolidated Balance Sheet in accrued expenses and other liabilities.
Balance Sheet Presentation
The following table summarizes the amounts of derivative instruments reported on our Consolidated Balance Sheet. The amounts are presented on a gross basis, are segregated by derivatives that are designated and qualifying as hedging instruments or those that are not, and are further segregated by type of contract within those two categories.
Derivative contracts in a receivable and payable position exclude open trade equity on derivatives cleared through central clearing counterparties. Any associated margin exchanged with our central clearing counterparties are treated as settlements of the derivative exposure, rather than collateral. Such payments are recognized as settlements of the derivatives contracts in a receivable and payable position on our Consolidated Balance Sheet.
Notional amounts are reference amounts from which contractual obligations are derived and are not recorded on the balance sheet. In our view, derivative notional is not an accurate measure of our derivative exposure when viewed in isolation from other factors, such as market rate fluctuations and counterparty credit risk.
20252024
Derivative contracts in a
Notional amount
Derivative contracts in a
Notional amount
December 31, ($ in millions)
receivable position
payable position
receivable position
payable position
Derivatives designated as accounting hedges
Interest rate contracts
Swaps
$— $— $23,257 $— $— $33,300 
Purchased options
— — 3,450 2 — 6,150 
Foreign exchange contracts
Forwards
— 4 199 8 — 170 
Total derivatives designated as accounting hedges
— 4 26,906 10 — 39,620 
Derivatives not designated as accounting hedges
Interest rate contracts
Forwards— — — — — 109 
Written options
— — — 1 — 63 
Total interest rate risk
— — — 1 — 172 
Foreign exchange contracts
Forwards— — 71 1 — 47 
Total foreign exchange risk— — 71 1 — 47 
Credit contracts
Credit-linked note derivatives— — 1,381 — — 669 
Other credit derivatives (a)— — n/a— 4 n/a
Total credit risk— — 1,381 — 4 669 
Total derivatives not designated as accounting hedges
— — 1,452 2 4 888 
Total derivatives
$— $4 $28,358 $12 $4 $40,508 
n/a = not applicable
(a)The maximum potential amount of undiscounted future payments that could be required under these credit derivatives was $10 million as of December 31, 2024.
The following table presents amounts recorded on our Consolidated Balance Sheet related to cumulative basis adjustments for fair value hedges.

Carrying amount of the hedged itemsCumulative amount of fair value hedging adjustment included in the carrying amount of the hedged items
TotalDiscontinued (a)
December 31, ($ in millions)
202520242025202420252024
Assets
Available-for-sale securities (b)$15,240 $15,194 $7 $(248)$(54)$(132)
Finance receivables and loans, net (c)27,808 34,493 7 (51)1 (10)
Liabilities
Long-term debt$3,378 $5,987 $79 $88 $79 $88 
(a)Represents the fair value hedging adjustment on qualifying hedges for which the hedging relationship was discontinued. This represents a subset of the amounts reported in the total hedging adjustment.
(b)These amounts include the amortized cost basis and unallocated basis adjustments of closed portfolios of available-for-sale securities used to designate hedging relationships in which the hedged item is the stated amount of assets in the closed portfolios anticipated to be outstanding for the designated hedge period. At December 31, 2025, and December 31, 2024, the amortized cost basis and unallocated basis adjustments of the closed portfolios used in these hedging relationships was $13.7 billion and $13.9 billion, respectively, of which $13.4 billion and $13.6 billion, respectively, represents the amortized cost basis and unallocated basis adjustments of closed portfolios designated in an active hedge relationship. At December 31, 2025, and December 31, 2024, the total cumulative basis adjustments associated with these hedging relationships was a $8 million liability and a $209 million liability, respectively, of which the portion related to discontinued hedging relationships was a $54 million liability and a $103 million liability, respectively. At December 31, 2025, and December 31, 2024, the notional amounts of the designated hedged items were $11.0 billion and $12.0 billion, respectively, with cumulative basis adjustments of a $46 million asset and a $106 million liability, respectively, which would be allocated across the entire remaining closed pool upon dedesignation of the hedge relationship. Refer to Note 8 for a reconciliation of the amortized cost basis and fair value of available-for-sale securities.
(c)These amounts include the carrying value of closed portfolios of loan receivables used to designate hedging relationships in which the hedged item is the stated amount of assets in the closed portfolios anticipated to be outstanding for the designated hedge period. At December 31, 2025, and December 31, 2024, the carrying value of the closed portfolios used in these hedging relationships was $27.8 billion and $34.5 billion, respectively, of which $21.8 billion and $33.4 billion, respectively, represents the carrying value of closed portfolios designated in an active hedge relationship. At December 31, 2025, and December 31, 2024, the total cumulative basis adjustments associated with these hedging relationships was a $7 million asset and $51 million liability, respectively, of which the portion related to discontinued hedging relationships was a $1 million asset and a $10 million liability. At December 31, 2025, and December 31, 2024, the notional amounts of the designated hedged items were $10.8 billion and $20.1 billion, respectively, with cumulative basis adjustments of a $6 million asset and a $41 million liability, respectively, which would be allocated across the entire remaining closed pool upon dedesignation of the hedge relationship.
Statement of Income Presentation
The following table summarizes the location and amounts of gains and losses on derivative instruments not designated as accounting hedges reported in our Consolidated Statement of Income.
Year ended December 31, ($ in millions)
202520242023
Gain (loss) recognized in earnings
Interest rate contracts
Gain on mortgage and automotive loans, net$1 $20 $18 
Other income, net of losses
— — (1)
Total interest rate contracts1 20 17 
Foreign exchange contracts
Other operating expenses(1)3 — 
Total foreign exchange contracts
(1)3 — 
Credit contracts
Other income, net of losses— 1 (5)
Total credit contracts— 1 (5)
Equity contracts
Other income, net of losses
(1)3 (11)
Total equity contracts(1)3 (11)
Total (loss) gain recognized in earnings$(1)$27 $1 
The following table summarizes the location and amounts of gains and losses on derivative instruments designated as qualifying fair value and cash flow hedges reported in our Consolidated Statement of Income.
Interest and fees on finance receivables and loansInterest and dividends on investment securities and other earning assetsInterest on long-term debt
Year ended December 31, ($ in millions)
202520242023202520242023202520242023
Gain (loss) on fair value hedging relationships
Interest rate contracts 
Hedged fixed-rate unsecured debt$— $— $— $— $— $— $— $— $1 
Derivatives designated as hedging instruments on fixed-rate unsecured debt— — — — — — — — (1)
Hedged available-for-sale securities— — — 208 (193)76 — — — 
Derivatives designated as hedging instruments on available-for-sale securities— — — (208)193 (76)— — — 
Hedged fixed-rate consumer automotive loans55 25 491 — — — — — — 
Derivatives designated as hedging instruments on fixed-rate consumer automotive loans(55)(25)(491)— — — — — — 
Total gain (loss) on fair value hedging relationships— — — — — — — — — 
(Loss) gain on cash flow hedging relationships
Interest rate contracts
Hedged variable-rate commercial loans
Reclassified from accumulated other comprehensive loss into income(32)(12)14 — — — — — — 
Total (loss) gain on cash flow hedging relationships$(32)$(12)$14 $— $— $— $— $— $— 
Total amounts presented in the Consolidated Statement of Income
$10,697 $11,394 $11,020 $972 $1,037 $1,022 $1,068 $1,017 $1,001 
During the next 12 months, we estimate $8 million of losses will be reclassified into pretax earnings from derivatives designated as cash flow hedges.
The following table summarizes the location and amounts of gains and losses related to interest and amortization on derivative instruments designated as qualifying fair value and cash flow hedges reported in our Consolidated Statement of Income.
Interest and fees on finance receivables and loansInterest and dividends on investment securities and other earning assetsInterest on long-term debt
Year ended December 31, ($ in millions)
202520242023202520242023202520242023
Gain on fair value hedging relationships
Interest rate contracts
Amortization of deferred unsecured debt basis adjustments$— $— $— $— $— $— $9 $9 $9 
Amortization of deferred secured debt basis adjustments (FHLB advances)— — — — — — — 2 2 
Amortization of deferred basis adjustments of available-for-sale securities— — — 17 23 23 — — — 
Interest for qualifying accounting hedges of available-for-sale securities— — — 59 177 134 — — — 
Amortization of deferred loan basis adjustments3 15 32 — — — — — — 
Interest for qualifying accounting hedges of consumer automotive loans held for investment62 241 616 — — — — — — 
Total gain on fair value hedging relationships$65 $256 $648 $76 $200 $157 $9 $11 $11 
The following table summarizes the effect of cash flow hedges on accumulated other comprehensive loss.
Year ended December 31, ($ in millions)
202520242023
Interest rate contracts
Gain (loss) recognized in other comprehensive income$30 $(16)$(36)
The following table summarizes the effect of net investment hedges on accumulated other comprehensive loss.
Year ended December 31, ($ in millions)
202520242023
Foreign exchange contracts (a) (b)
(Loss) gain recognized in other comprehensive income$(6)$16 $(3)
(a)There were no amounts excluded from effectiveness testing for the years ended December 31, 2025, 2024, or 2023.
(b)Gains and losses reclassified from accumulated other comprehensive loss are reported as other income, net of losses, in our Consolidated Statement of Income. There were no amounts reclassified for the years ended December 31, 2025, 2024, or 2023.
v3.25.4
Income Taxes
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The significant components of income tax expense from continuing operations were as follows.
Year ended December 31, ($ in millions)
202520242023
Income from continuing operations before income tax expense
Domestic$1,031 $817 $1,086 
Foreign20 19 17 
Total income from continuing operations1,051 836 1,103 
Current income tax expense
U.S. federal226 107 85 
Foreign6 6 5 
State and local135 26 36 
Total current expense367 139 126 
Deferred income tax (benefit) expense
U.S. federal(47)53 26 
Foreign— 1 (1)
State and local(121)(26)(7)
Total deferred (benefit) expense(168)28 18 
Total income tax expense from continuing operations$199 $167 $144 
A reconciliation of income tax expense from continuing operations with the amounts at the statutory U.S. federal income tax rate is shown in the following table.
202520242023
Year ended December 31, ($ in millions)
AmountPercentAmountPercentAmountPercent
Statutory U.S. federal tax expense$221 21 %$175 21 %$232 21 %
Domestic federal reconciling items
Nontaxable or nondeductible items
Nondeductible FDIC premium expenses32 3 34 4 33 3 
Goodwill impairment15 1 5 1 — — 
Other (a)6 1 4 1 3 — 
Tax credits
Low-income housing tax credits (b)(55)(5)(40)(5)(37)(3)
Research and development credits(36)(3)(3)— (5)— 
Foreign tax credits (c)11 1 (1)— 367 33 
Other(1)— — — (7)(1)
Changes in valuation allowances (d)(13)(1)(14)(2)(476)(43)
Effects of cross-border tax laws3 — 4 — 4 — 
State & local income taxes, net of federal income tax benefit (e)14 1 16 2 31 3 
Foreign tax effects
Canada2 — 3 — 1 — 
Changes in unrecognized tax benefits— — (16)(2)(2)— 
Total income tax expense from continuing operations$199 19 %$167 20 %$144 13 %
(a)Includes tax effects of share-based payment awards.
(b)Includes investment amortization. Refer to Note 1 for additional information on the accounting for investments in tax credit structures using the proportional amortization method.
(c)Includes tax expense associated with the expiration of unused foreign tax credits.
(d)Includes tax benefits related to the reduction of valuation allowance associated with the expiration of unused foreign tax credits.
(e)For the year ended December 31, 2025, state taxes in New York and Florida made up the majority of the tax effect in this category, compared to state taxes in New York, Florida, and Texas, and state taxes in Florida, Maryland and Georgia, for the years ended December 31, 2024, and 2023, respectively.
For the years ended December 31, 2025, and 2024, consolidated income tax expense from continuing operations was largely driven by pretax earnings and nondeductible FDIC premium expenses, partially offset by an income tax benefit related to various tax credits. For the year ended December 31, 2023, consolidated income tax expense from continuing operations was largely driven by pretax earnings, partially offset by the release of the valuation allowance on foreign tax credit carryforwards as well as an income tax benefit related to various tax credits. The release of the valuation allowance was primarily driven by the identification and execution of a tax planning strategy allowing for additional utilization of foreign tax credits.
We record rehabilitation, energy, and clean vehicle tax credits as part of our ITC category. Our ITCs are generally accounted for using the deferral method and recognized as a reduction of the corresponding asset value. However, ITCs that qualify for proportional amortization treatment are accounted for using the flow-through method and are recognized as a reduction to current income tax expense.
The significant components of deferred tax assets and liabilities are reflected in the following table.
December 31, ($ in millions)
20252024
Deferred tax assets
Adjustments to securities and hedging transactions (a)$820 $1,080 
Tax credit carryforwards690 679 
Adjustments to loan value751 420 
State and local taxes352 301 
Fixed assets272 257 
Internally generated intangible assets168 107 
Other332 347 
Gross deferred tax assets3,385 3,191 
Valuation allowance(122)(138)
Deferred tax assets, net of valuation allowance3,263 3,053 
Deferred tax liabilities
Lease transactions434 653 
Deferred acquisition costs374 380 
Long-term debt58 62 
Other71 52 
Gross deferred tax liabilities937 1,147 
Net deferred tax assets (b)$2,326 $1,906 
(a)Securities include deferred tax assets related to available-for-sale securities, held-to-maturity securities, and equity securities. There were $613 million and $882 million of deferred tax assets related to available-for-sale securities, at December 31, 2025, and 2024, respectively.
(b)Amounts include $2.3 billion and $1.9 billion of net deferred tax assets included in other assets on our Consolidated Balance Sheet for tax jurisdictions in a total net deferred tax asset position at December 31, 2025, and 2024, respectively, and $8 million and $10 million included in accrued expenses and other liabilities on our Consolidated Balance Sheet for tax jurisdictions in a total net deferred tax liability position at December 31, 2025, and 2024, respectively.
As of each reporting date, we consider existing evidence, both positive and negative, that could impact our view with regard to future realization of deferred tax assets. We continue to believe it is more likely than not that the benefit for certain foreign tax credit carryforwards and state net operating loss carryforwards will not be realized. In recognition of this risk, we continue to provide a partial valuation allowance on the deferred tax assets relating to these carryforwards, and it is reasonably possible that the valuation allowance may change in the next 12 months.
The following table summarizes net deferred tax assets including related valuation allowances at December 31, 2025.
($ in millions)Deferred tax assetValuation allowanceNet deferred tax assetYears of expiration
Tax credit carryforwards
General business credits$664 $— $664 2044 - 2045
Foreign tax credits26 (13)13 2027 - 2035
Total tax credit carryforwards690 (13)677 
Tax loss carryforwards
Net operating losses — state110 (109)1 2026 - Indefinite
Net operating losses — federal6 — 6 2028 - Indefinite
Total U.S. federal and state tax loss carryforwards116 (109)7 
Other net deferred tax assets1,642 — 1,642 n/a
Net deferred tax assets$2,448 $(122)$2,326 
n/a = not applicable
As of December 31, 2025, we have recognized insignificant deferred tax liabilities for incremental U.S. federal taxes that stem from temporary differences related to investment in foreign subsidiaries or corporate joint ventures as there is no assertion of indefinite reinvestment outside of the United States.
The following table provides a reconciliation of the beginning and ending amount of unrecognized tax benefits.
($ in millions)202520242023
Balance at January 1,$77 $91 $46 
Increases related to positions taken during the current year91 — — 
Increases related to positions taken during prior years1 6 48 
Decreases related to positions taken during prior years— (20)(2)
Settlements(1)— (1)
Expiration of statute of limitations— — — 
Balance at December 31,$168 $77 $91 
Included in the unrecognized tax benefits balances are some items, the recognition of which would not affect the effective tax rate, such as the tax effect of certain temporary differences and the portion of gross state unrecognized tax benefits that would be offset by the tax benefit of the associated U.S. federal deduction. The balance of unrecognized tax benefits that, if recognized, would affect our effective tax rate was $152 million, $64 million, and $75 million for the years ended December 31, 2025, 2024, and 2023, respectively.
We recognize accrued interest and penalties related to uncertain income tax positions in interest expense and other operating expenses, respectively. As of December 31, 2025, the cumulative accrued balance for interest and penalties was $11 million, and interest and penalties of $4 million were accrued during the year ended December 31, 2025. As of December 31, 2024, the cumulative accrued balance for interest and penalties was $7 million, and penalties of $1 million were accrued during the year ended December 31, 2024. As of December 31, 2023, the cumulative accrued balance for interest and penalties was $6 million, and interest and penalties of $3 million were accrued during the year ended December 31, 2023.
We file tax returns in the U.S. federal jurisdiction and various states and foreign jurisdictions. Our most significant operations are in the United States and Canada. The oldest tax years that remain subject to examination for those jurisdictions are 2019 and 2011, respectively.
The following table provides a disaggregation of the amount of cash paid for income taxes, net of refunds.
Year ended December 31, ($ in millions)
202520242023
U.S. federal $220 $107 $(65)
U.S. state and local
Florida22 *8 
California18 **
Other92 16 32 
Foreign
Canada*12 *
Other7 — (2)
Total income taxes paid (net of refunds)$359 $135 $(27)
* = jurisdiction below the disaggregation threshold for the period presented and not separately disclosed.
v3.25.4
Share-based Compensation Plans
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Share-based Compensation Plans Share-based Compensation Plans
Awards of equity-based compensation to our named executive officers and other employees are governed by the Company’s ICP, which was approved by the Company’s shareholders and amended and restated effective as of May 4, 2021. These awards primarily take the form of (1) share-settled and cash-settled PSUs that vest in whole on the third anniversary of the grant date, subject to the achievement of applicable performance goals and continued employment through that time, and (2) share-settled RSUs that vest one-third on each of the first, second, and third anniversaries of the grant date, in each case, subject to continued employment through that time. Other awards — such as those granted under our #OwnIt Annual Grant Program — may take the form of RSUs that vest in whole on the third anniversary of the grant date, subject to continued employment through that time. For PSUs and RSUs, any dividends declared over the vesting period are accumulated and paid at or after the time of settlement. All awards under the ICP are structured to align with the Company’s performance, prudent but not excessive risk-taking, long-term value creation for our shareholders, and other elements of our compensation philosophy. Awards also typically include provisions that address vesting and settlement in the case of a qualifying termination or retirement. The ICP is administered by the Compensation, Nominating, and Governance Committee of our Board.
At December 31, 2025, we had approximately 27.1 million shares available for future grants of equity-based awards under the ICP. Equity-based awards that settle in Ally common stock are classified as equity awards under U.S. GAAP, and the cost of the awards is ratably charged to compensation and benefits expense in our Consolidated Statement of Income over their applicable service period based on the grant date fair value of Ally common stock. Equity-based awards that settle in cash are subject to liability accounting, with the expense adjusted to fair value based on changes in the share price of Ally common stock up to the settlement date. We had 5.6 million shares of non-vested share-settled and 0.9 million shares of cash-settled PSUs and RSUs outstanding at December 31, 2025. We recognized expense related to PSUs and RSUs of $130 million, $136 million, and $127 million for the years ended December 31, 2025, 2024, and 2023, respectively.
The following table presents the changes in outstanding non-vested PSUs and RSUs activity for share-settled awards during 2025.
(in thousands, except per share data)Number of unitsWeighted-average grant date fair value per share
RSUs and PSUs
Outstanding non-vested at January 1, 20256,619 $35.55 
Modified awards to settle in cash (a)(58)38.94 
Granted3,070 39.70 
Vested(3,513)38.50 
Forfeited(552)38.24 
Outstanding non-vested at December 31, 20255,566 35.66 
(a)During 2025, certain non-vested PSUs were modified and reclassified to liability-based awards as we intend to settle them in cash upon vesting.
v3.25.4
Fair Value
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value Fair Value
Fair Value Measurements
For purposes of this disclosure, fair value is defined as the exchange price that would be received to sell an asset or paid to transfer a liability (exit price) in the principal or most advantageous market in an orderly transaction between market participants at the measurement date under current market conditions. Fair value is based on the assumptions we believe market participants would use when pricing an asset or liability. Additionally, entities are required to consider all aspects of nonperformance risk, including the entity’s own credit standing, when measuring the fair value of a liability.
U.S. GAAP specifies a three-level hierarchy that is used when measuring and disclosing fair value. The fair value hierarchy gives the highest priority to quoted prices available in active markets (i.e., observable inputs) and the lowest priority to data lacking transparency (i.e., unobservable inputs). An instrument’s categorization within the fair value hierarchy is based on the lowest level of significant input to its valuation. The following is a description of the three hierarchy levels.
Level 1    Inputs are quoted prices in active markets for identical assets or liabilities at the measurement date. Additionally, the entity must have the ability to access the active market, and the quoted prices cannot be adjusted by the entity.
Level 2    Inputs are other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices in active markets for similar assets or liabilities; quoted prices in inactive markets for identical or similar assets or liabilities; or inputs that are observable or can be corroborated by observable market data by correlation or other means for substantially the full term of the assets or liabilities.
Level 3    Unobservable inputs are supported by little or no market activity. The unobservable inputs represent management’s best assumptions of how market participants would price the assets or liabilities. Generally, Level 3 assets and liabilities are valued using pricing models, discounted cash flow methodologies, or similar techniques that require significant judgment or estimation.
Judgment is used in estimating inputs to our internal valuation models used to estimate our Level 3 fair value measurements. Level 3 inputs such as interest rate movements, prepayment speeds, credit losses, and discount rates are inherently difficult to estimate. Changes to these inputs can have a significant effect on fair value measurements and amounts that could be realized.
The following are descriptions of the valuation methodologies used to measure material assets and liabilities at fair value and details of the valuation models, key inputs to those models, and significant assumptions utilized.
•Equity securities — We hold various marketable equity securities measured at fair value with changes in fair value recognized in net income. Measurements based on observable market prices are classified as Level 1.
•Available-for-sale securities — We carry our available-for-sale securities at fair value based on external pricing sources. We classify our securities as Level 1 when fair value is determined using quoted prices available for the same instruments trading in active markets. We classify our securities as Level 2 when fair value is determined using prices for similar instruments trading in active markets. We perform pricing validation procedures for our available-for-sale securities.
•Derivative instruments — We enter into a variety of derivative financial instruments as part of our risk-management strategies. Certain of these derivatives are exchange traded, such as equity options. To determine the fair value of these instruments, we utilize the quoted market prices for those particular derivative contracts; therefore, we classified these contracts as Level 1.
We also execute OTC and centrally cleared derivative contracts, such as interest rate swaps, foreign-currency denominated forward contracts, interest rate options, and agency to-be-announced securities. We utilize third-party-developed valuation models that are widely accepted in the market to value these derivative contracts. The specific terms of the contract and market observable inputs (such as interest rate forward curves, interpolated volatility assumptions, or equity pricing) are used in the model. We classified these derivative contracts as Level 2 because all significant inputs into these models were market observable.
We also entered into interest rate lock commitments and forward commitments that were executed as part of our mortgage operations, certain of which met the accounting definition of a derivative and therefore were recorded as derivatives on our Consolidated Balance Sheet. Interest rate lock commitments were valued with unobservable inputs, so they are classified as Level 3. Certain forward commitments are Level 2 and others are Level 3 depending on the valuation model inputs.
We purchase automotive finance receivables and loans from third parties as part of forward flow arrangements and, from time-to-time, execute opportunistic ad-hoc bulk purchases. As part of those agreements, we may be required to pay the counterparty at agreed upon measurement dates and determinable amounts if actual credit performance of the acquired loans on the measurement date is better than what was estimated at the time of acquisition. Because these contracts meet the accounting definition of a derivative, we recognize a liability at fair value for these deferred purchase price payments. The fair value of these liabilities is determined using a discounted cash flow method. To estimate cash flows, we utilize various significant assumptions, including market observable inputs (for example, forward interest rates) and internally developed inputs (for example, prepayment speeds, delinquency levels, and expected credit losses). These liabilities are valued using internal loss models with unobservable inputs, and are classified as Level 3.
We are required to consider all aspects of nonperformance risk, including our own credit standing, when measuring fair value of derivative assets and liabilities. We reduce credit risk on the majority of our derivatives by entering into legally enforceable agreements that enable the posting and receiving of collateral associated with the fair value of our derivative positions on an ongoing basis. In the event that we do not enter into legally enforceable agreements that enable the posting and receiving of collateral, we will consider our credit risk in the valuation of derivative liabilities through a DVA and the credit risk of our counterparties in the valuation of derivative assets through a CVA, if warranted. When measuring these valuation adjustments, we generally use credit default swap spreads.
Recurring Fair Value
The following tables display the assets and liabilities measured at fair value on a recurring basis including financial instruments elected for the fair value option. We often economically hedge the fair value change of our assets or liabilities with derivatives. The tables below display the hedges separately from the hedged items; therefore, they do not directly display the impact of our risk-management activities.
Recurring fair value measurements
December 31, 2025 ($ in millions)
Level 1Level 2Level 3Total
Assets
Investment securities
Equity securities (a) (b)$819 $— $— $819 
Available-for-sale securities
Debt securities
U.S. Treasury and federal agencies
2,279 — — 2,279 
U.S. States and political subdivisions
— 517 34 551 
Foreign government31 157 — 188 
Agency mortgage-backed residential
— 12,901 — 12,901 
Mortgage-backed residential
— 198 — 198 
Agency mortgage-backed commercial— 4,932 — 4,932 
Asset-backed— 12 — 12 
Corporate debt
— 1,912 — 1,912 
Total available-for-sale securities2,310 20,629 34 22,973 
Total assets$3,129 $20,629 $34 $23,792 
Liabilities
Accrued expenses and other liabilities
Derivative contracts in a payable position
Foreign exchange$— $4 $— $4 
Total derivative contracts in a payable position
— 4 — 4 
Total liabilities$— $4 $— $4 
(a)Our direct investment in any one industry did not exceed 11%. When performing the concentration calculation, mutual funds and ETFs are not allocated to any one industry.
(b)Excludes $57 million of equity securities that are measured at fair value using the net asset value practical expedient and therefore are not classified in the fair value hierarchy.
Recurring fair value measurements
December 31, 2024 ($ in millions)
Level 1Level 2Level 3Total
Assets
Investment securities
Equity securities (a) (b)$820 $— $— $820 
Available-for-sale securities
Debt securities
U.S. Treasury and federal agencies
1,873 — — 1,873 
U.S. States and political subdivisions
— 582 35 617 
Foreign government36 158 — 194 
Agency mortgage-backed residential
— 13,653 — 13,653 
Mortgage-backed residential
— 206 — 206 
Agency mortgage-backed commercial— 3,984 — 3,984 
Asset-backed— 129 — 129 
Corporate debt
— 1,754 — 1,754 
Total available-for-sale securities1,909 20,466 35 22,410 
Loans held-for-sale (c)— 11 5 16 
Other assets
Derivative contracts in a receivable position
Interest rate— 2 1 3 
Foreign exchange— 9 — 9 
Total derivative contracts in a receivable position— 11 1 12 
Total assets$2,729 $20,488 $41 $23,258 
Liabilities
Accrued expenses and other liabilities
Derivative contracts in a payable position
Credit$— $— $4 $4 
Total derivative contracts in a payable position
— — 4 4 
Total liabilities$— $— $4 $4 
(a)Our direct investment in any one industry did not exceed 14%. When performing the concentration calculation, mutual funds and ETFs are not allocated to any one industry.
(b)Excludes $51 million of equity securities that are measured at fair value using the net asset value practical expedient and therefore are not classified in the fair value hierarchy.
(c)Consumer mortgage loans carried at fair value due to fair value option elections.
The following tables present the reconciliation for all Level 3 assets and liabilities measured at fair value on a recurring basis. We often economically hedge the fair value change of our assets or liabilities with derivatives and other financial instruments. The Level 3 items presented below may be hedged by derivatives and other financial instruments that are classified as Level 1 or Level 2. Thus, the following tables do not fully reflect the impact of our risk-management activities.
Equity securitiesAvailable-for-sale securitiesLoans
held-for-sale (a)
($ in millions)202520242025202420252024
Assets
Fair value at January 1,$— $1 $35 $9 $5 $— 
Net realized/unrealized gains
Included in earnings— — — — — — 
Included in OCI— — — — — — 
Purchases and originations (b)— — — 29 9 31 
Sales— — — — (14)(26)
Issuances— — — — — — 
Settlements— — (1)(3)— — 
Transfers into Level 3— — — — — — 
Transfers out of Level 3— (1)— — — — 
Fair value at December 31,
$— $— $34 $35 $— $5 
Net unrealized gains still held at December 31,
Included in earnings$— $— $— $— $— $— 
Included in OCI— — — — — — 
(a)Consumer mortgage loans carried at fair value due to fair value option elections.
(b)Includes a $27 million reclassification of a commercial and industrial exposure to an available-for-sale debt security during the year ended December 31, 2024.
Derivative liabilities, net of derivative assets (a)
($ in millions)20252024
Liabilities
Fair value at January 1,$3 $8 
Net realized/unrealized gains
Included in earnings(1)(18)
Included in OCI— — 
Purchases and originations— — 
Sales— — 
Issuances— — 
Settlements(4)(4)
Transfers into Level 3— — 
Transfers out of Level 3 (b)2 17 
Fair value at December 31,
$— $3 
Net unrealized gains still held at December 31,
Included in earnings$— $(7)
Included in OCI— — 
(a)Net realized/unrealized gains are reported as (loss) gain on mortgage and automotive loans, net, and other income, net of losses, in our Consolidated Statement of Income.
(b)Represents the settlement value of interest rate derivative assets that are transferred to loans held-for-sale within Level 2 of the fair value hierarchy during the years ended December 31, 2025, and December 31, 2024. These transfers are deemed to have occurred at the end of the reporting period.
Nonrecurring Fair Value
We may be required to measure certain assets and liabilities at fair value from time to time. These periodic fair value measures typically result from the application of lower-of-cost or fair value accounting or certain impairment measures. These items would constitute nonrecurring fair value measures.
The following tables display assets and liabilities measured at fair value on a nonrecurring basis and still held at December 31, 2025, and December 31, 2024, respectively. The amounts are generally as of the end of each period presented, which approximate the fair value measurements that occurred during each period.
Nonrecurring fair value measurements
Lower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustments
Total gain (loss) included in earnings
December 31, 2025 ($ in millions)
Level 1
Level 2
Level 3
Total
Assets
Loans held-for-sale, net$— $— $545 $545 $(32)n/m(a)
Commercial finance receivables and loans, net (b)
Other
— — 27 27 (97)n/m(a)
Total commercial finance receivables and loans, net
— — 27 27 (97)n/m(a)
Other assets
Nonmarketable equity investments— 9 1 10 4 n/m(a)
Repossessed and foreclosed assets (c)— — 7 7 (1)n/m(a)
Total assets
$— $9 $580 $589 $(126)n/m
n/m = not meaningful
(a)We consider the applicable valuation reserve, allowance for loan losses, or cumulative adjustments to be the most relevant indicator of the impact on earnings caused by the fair value measurement. Accordingly, the table above excludes total gains and losses included in earnings for these items. The carrying values are inclusive of the respective valuation reserve, loan loss allowance, or cumulative adjustment.
(b)Represents collateral-dependent loans held for investment for which a nonrecurring measurement was made. The related allowance for loan losses represents the cumulative fair value adjustments for those specific receivables.
(c)The allowance provided for repossessed and foreclosed assets represents any cumulative valuation adjustment recognized to adjust the assets to fair value.
Nonrecurring fair value measurementsLower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustmentsTotal gain (loss) included in earnings
December 31, 2024 ($ in millions)
Level 1Level 2Level 3Total
Assets
Loans held-for-sale, net$— $— $143 $143 $— n/m(a)
Commercial finance receivables and loans, net (b)
Automotive— — 13 13 (2)n/m(a)
Other— — 26 26 (63)n/m(a)
Total commercial finance receivables and loans, net— — 39 39 (65)n/m(a)
Other assets
Goodwill (c)— — 362 362 (118)n/m(a)
Repossessed and foreclosed assets (d)— — 8 8 (1)n/m(a)
Total assets$— $— $552 $552 $(184)n/m
n/m = not meaningful
(a)We consider the applicable valuation reserve, allowance for loan losses, or cumulative adjustments to be the most relevant indicator of the impact on earnings caused by the fair value measurement. Accordingly, the table above excludes total gains and losses included in earnings for these items. The carrying values are inclusive of the respective valuation reserve, loan loss allowance, or cumulative adjustment.
(b)Represents collateral-dependent loans held for investment for which a nonrecurring measurement was made. The related allowance for loan losses represents the cumulative fair value adjustments for those specific receivables.
(c)As of December 31, 2024, we recognized a $118 million impairment of goodwill at Ally Credit Card. Refer to Note 13 for further discussion.
(d)The allowance provided for repossessed and foreclosed assets represents any cumulative valuation adjustment recognized to adjust the assets to fair value.
Fair Value Option for Financial Assets
We elected the fair value option for an insignificant amount of conforming mortgage loans held-for-sale and certain non-conforming jumbo mortgage loans held-for-sale to mitigate earnings volatility by better matching the accounting for the assets with the related derivatives. Our intent in electing fair value measurement was to mitigate a divergence between accounting gains or losses and economic exposure for certain assets and liabilities.
Fair Value of Financial Instruments
The following table presents the carrying and estimated fair value of financial instruments, except for those recorded at fair value on a recurring basis presented in the previous section of this note titled Recurring Fair Value. When possible, we use quoted market prices to determine fair value. Where quoted market prices are not available, the fair value is internally derived based on appropriate valuation methodologies with respect to the amount and timing of future cash flows and estimated discount rates. However, considerable judgment is required in interpreting current market data to develop the market assumptions and inputs necessary to estimate fair value. As such, the actual amount received to sell an asset or the amount paid to settle a liability could differ from our estimates. Fair value information presented herein was based on information available at December 31, 2025, and December 31, 2024.
Estimated fair value
($ in millions)
Carrying value
Level 1
Level 2
Level 3
Total
December 31, 2025
Financial assets
Held-to-maturity securities
$4,371 $— $4,451 $— $4,451 
Loans held-for-sale, net
549 — — 560 560 
Finance receivables and loans, net
133,964 — — 137,579 137,579 
FHLB/FRB stock (a)
811 — 811 — 811 
Financial liabilities
Deposit liabilities
$42,310 $— $— $42,523 $42,523 
Short-term borrowings
4,695 — — 4,706 4,706 
Long-term debt
17,070 — 12,642 5,707 18,349 
December 31, 2024
Financial assets
Held-to-maturity securities$4,346 $— $4,293 $— $4,293 
Loans held-for-sale, net144 — — 144 144 
Finance receivables and loans, net132,316 — — 134,603 134,603 
FHLB/FRB stock (a)698 — 698 — 698 
Financial liabilities
Deposit liabilities$47,242 $— $— $47,403 $47,403 
Short-term borrowings1,625 — — 1,625 1,625 
Long-term debt17,495 — 13,535 4,982 18,517 
(a)Included in other assets on our Consolidated Balance Sheet.
In addition to the financial instruments presented in the above table, we have various financial instruments for which the carrying value approximates the fair value due to their short-term nature and limited credit risk. These instruments include cash and cash equivalents, restricted cash, cash collateral, accrued interest receivable, accrued interest payable, trade receivables and payables, on-demand deposit liabilities, and other short-term receivables and payables. Included in cash and cash equivalents are highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of change in value due to interest rate, quoted price, or penalty on withdrawal. Classified as Level 1 under the fair value hierarchy, cash and cash equivalents generally expose us to limited credit risk and are so near maturity that they present insignificant risk of changes in value because of changes in interest rates.
v3.25.4
Offsetting Assets and Liabilities
 12 Months Ended
Dec. 31, 2025
Offsetting [Abstract]  
Offsetting Assets and Liabilities Offsetting Assets and Liabilities
Our derivative contracts and repurchase/reverse repurchase transactions are generally supported by qualifying master netting and master repurchase agreements. These agreements are legally enforceable bilateral agreements that (i) create a single legal obligation for all individual transactions covered by the agreement to the nondefaulting entity upon an event of default of the counterparty, including bankruptcy, insolvency, or similar proceeding, and (ii) provide the nondefaulting entity the right to accelerate, terminate, and close-out on a net basis all transactions under the agreement and to liquidate or set off collateral promptly upon an event of default of the counterparty.
To further mitigate the risk of counterparty default related to derivative instruments, we maintain collateral agreements with certain counterparties. The agreements require both parties to maintain collateral in the event the fair values of the derivative financial instruments meet established thresholds. In the event that either party defaults on the obligation, the secured party may seize the collateral. Generally, our collateral arrangements are bilateral such that we and the counterparty post collateral for the obligation. Contractual terms provide for standard and customary exchange of collateral based on changes in the market value of the outstanding derivatives. A party posts additional collateral when their obligation rises or removes collateral when it falls, such that the net replacement cost of the nondefaulting party is covered in the event of counterparty default.
In certain instances, as it relates to our derivative instruments, we have the option to report derivative assets and liabilities as well as assets and liabilities associated with cash collateral received or delivered that is governed by a master netting agreement on a net basis as long as certain qualifying criteria are met. Similarly, for our repurchase/reverse repurchase transactions, we have the option to report recognized assets and liabilities subject to a master netting agreement on a net basis if certain qualifying criteria are met. At December 31, 2025, these instruments are reported as gross assets and gross liabilities on our Consolidated Balance Sheet. For additional information on derivative instruments and hedging activities, refer to Note 21.
The composition of offsetting derivative instruments, financial assets, and financial liabilities was as follows.
Gross amounts of recognized assets/liabilitiesGross amounts offset on the Consolidated Balance SheetNet amounts of assets/liabilities presented on the Consolidated Balance SheetGross amounts not offset on the Consolidated Balance Sheet
December 31, ($ in millions)
Financial instruments
Collateral (a) (b) (c)
Net amount
2025
Assets
Derivative assets$— $— $— $— $— $— 
Total assets
$— $— $— $— $— $— 
Liabilities
Derivative liabilities$4 $— $4 $— $(4)$— 
Securities sold under agreements to repurchase (d)545 — 545 — (545)— 
Total liabilities$549 $— $549 $— $(549)$— 
2024
Assets
Derivative assets (e)$12 $— $12 $— $(10)$2 
Total assets
$12 $— $12 $— $(10)$2 
Liabilities
Derivative liabilities (f)$4 $— $4 $— $— $4 
Total liabilities$4 $— $4 $— $— $4 
(a)Financial collateral received or pledged shown as a balance based on the sum of all net asset and liability positions between Ally and each individual derivative counterparty.
(b)Amounts disclosed are limited to the financial asset or liability balance and, accordingly, exclude excess collateral received or pledged and noncash collateral received. We do not record noncash collateral received on our Consolidated Balance Sheet unless certain conditions are met.
(c)Certain agreements grant us the right to sell or pledge the noncash assets we receive as collateral. We have not sold or pledged any of the noncash collateral received under these agreements.
(d)For additional information on securities sold under agreements to repurchase, refer to Note 15.
(e)Includes derivative assets with no offsetting arrangements of $1 million as of December 31, 2024.
(f)Includes derivative liabilities with no offsetting arrangements of $4 million as of December 31, 2024.
v3.25.4
Segment Information
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
Operating segments are defined as components of an enterprise that engage in business activity from which revenues are earned and expenses incurred for which discrete financial information is available that is evaluated regularly by our CODM in deciding how to allocate resources and in assessing performance. We define our CODM as the CEO. The CODM uses pretax income to evaluate income generated from segment assets, and to assess a segment’s performance by comparing the results, relative to other segments. Additionally, the budgeting and forecasting process monitors budget versus actual results with emphasis on pretax income, which are also used in assessing the performance of a segment.
We report our results of operations on a business-line basis through three operating segments: Automotive Finance operations, Insurance operations, and Corporate Finance operations, with the remaining activity reported in Corporate and Other. The operating segments are
determined based on the products and services offered, and reflect the manner in which financial information is currently evaluated by our CODM and management. The following is a description of each of our reportable operating segments.
Dealer Financial Services
Dealer Financial Services comprises the following two segments.
•Automotive Finance operations — One of the largest full-service automotive finance operations in the United States providing automotive financing services to consumers, automotive dealers and retailers, companies, and municipalities. Our automotive finance services include providing retail installment sales contracts, loans and operating leases, offering term loans to dealers, financing dealer floorplans and other lines of credit to dealers, warehouse lines to automotive retailers, fleet financing, providing financing to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services.
•Insurance operations — A complementary automotive-focused business offering both consumer finance protection and insurance products sold primarily through the automotive dealer channel, and commercial insurance products sold directly to dealers. As part of our focus on offering dealers a broad range of consumer financial and insurance products, we provide VSCs, VMCs, and GAP products. We also underwrite select commercial insurance coverages, which primarily insure dealers’ vehicle inventory.
Corporate Finance operations
Our Corporate Finance operations provide senior secured asset-based and leveraged cash flow loans to primarily U.S.-based middle-market companies, with a focus on businesses owned by private equity sponsors. These loans are typically used for leveraged buyouts, refinancing and recapitalizations, mergers and acquisitions, growth, turnarounds, and debtor-in-possession financings. We also provide, through our Private Credit Finance business, asset managers and other financing sources with partial funding for their direct-lending activities, which is principally leveraged loans. We have a commercial real estate product primarily focused on lending to skilled nursing facilities, senior housing, and medical office buildings. Additionally, we have an energy and infrastructure vertical that finances large-scale energy and infrastructure projects.
Corporate and Other
Corporate and Other primarily consists of centralized corporate treasury activities, such as management of the cash and corporate investment securities and loan portfolios, short- and long-term debt, retail and brokered deposit liabilities, derivative instruments, original issue discount, and the residual impacts of our corporate FTP and treasury ALM activities. Corporate and Other also includes certain equity investments, which primarily consist of FHLB and FRB stock—as well as other equity investments through Ally Ventures, our strategic investment business, and reclassifications and eliminations between the reportable operating segments. Financial results related to Ally Invest, our digital brokerage and advisory offering, Ally Lending, Ally Credit Card, the management of our consumer mortgage portfolio, and CRA loans and investments are also included within Corporate and Other. Consumer mortgage originations ceased during the second quarter of 2025, which has and will continue to result in a gradual run-off of our consumer mortgage loan portfolio. Additionally, we closed the sales of Ally Credit Card on April 1, 2025, and Ally Lending on March 1, 2024. Refer to Note 2 for additional information on Ally Credit Card.
We utilize an FTP methodology for the majority of our business operations. The FTP methodology assigns charge rates and credit rates to classes of assets and liabilities on a match funded basis, utilizing a benchmark rate curve plus an assumed credit spread. The assumed credit spread is calculated based on a composite investment grade unsecured yield curve or based on advance rates published by the FHLB for any asset that is eligible to be pledged as collateral to the FHLB. While the baseline FTP components at Ally assume 100% debt funding, the methodology also incorporates a credit on the allocated capital for each business line based on the business line’s allocated cost of funding. For business lines not subject to an FTP funding allocation, the FTP methodology applies a capital charge to the amount of excess equity that the business line holds, relative to its regulatory capital and other adjustments. The net residual impact of the FTP methodology is included within the results of Corporate and Other.
The information presented in our reportable operating segments is based in part on internal allocations and methodologies, including a COH methodology, which involves management judgment. COH methodology is used for measuring the profit and loss of our reportable operating segments. We have various enterprise functions, such as technology, marketing, finance, compliance, internal audit, and risk. Operating expenses from the enterprise functions are either directly allocated to the reportable operating segment, indirectly allocated to the reportable operating segment utilizing the COH methodology, or remain in Corporate and Other. COH methodology considers the reportable operating segment expense base and enterprise function expenses. The reportable operating segment expense base is used to determine the allocation mix. This mix is applied to the allocable expenses in Corporate and Other to determine the COH for the respective reportable operating segment. Allocable enterprise function costs are primarily technology, marketing expenses, and marketing sponsorships. Generally, costs that remain within Corporate and Other that are not allocated to our reportable operating segments include operating costs of deposits, treasury activities, and other corporate activities.
Financial information for our reportable operating segments is summarized as follows.
Year ended December 31, 2025 ($ in millions)
Automotive Finance operationsInsurance operationsCorporate Finance operationsCorporate and OtherConsolidated (a)
Net financing revenue and other interest income
Total financing revenue and other interest income$10,551 $188 $932 $1,850 $13,521 
Total interest expense4,431 59 498 1,420 6,408 
Net depreciation expense on operating lease assets937 — — — 937 
Net financing revenue and other interest income5,183 129 434 430 6,176 
Other revenue389 1,596 104 (351)1,738 
Total net revenue5,572 1,725 538 79 7,914 
Provision for credit losses1,709 — 31 (263)1,477 
Noninterest expense
Compensation and benefits expense693 113 82 969 1,857 
Insurance losses and loss adjustment expenses— 616 — — 616 
Goodwill impairment (b)— — — 305 305 
Other operating expenses
Technology and communications expenses119 19 5 286 429 
Other (c)1,411 777 55 (64)2,179 
Total other operating expenses1,530 796 60 222 2,608 
Total noninterest expense2,223 1,525 142 1,496 5,386 
Income (loss) from continuing operations before income tax expense (benefit)$1,640 $200 $365 $(1,154)$1,051 
Total assets$115,753 $9,931 $12,989 $57,329 $196,002 
(a)Net financing revenue and other interest income after the provision for credit losses totaled $4.7 billion for the year ended December 31, 2025.
(b)Impairment of goodwill related to Ally Credit Card for the year ended December 31, 2025. Refer to Note 13 for additional information.
(c)Primarily consists of insurance commissions, advertising and marketing, and property and equipment depreciation expenses. Refer to Note 7 for additional information.
Year ended December 31, 2024 ($ in millions)
Automotive Finance operationsInsurance operationsCorporate Finance operationsCorporate and OtherConsolidated (a)
Net financing revenue and other interest income
Total financing revenue and other interest income$10,473 $168 $1,006 $2,575 $14,222 
Total interest expense4,266 54 550 2,602 7,472 
Net depreciation expense on operating lease assets736 — — — 736 
Net financing revenue and other interest income5,471 114 456 (27)6,014 
Other revenue363 1,507 123 174 2,167 
Total net revenue5,834 1,621 579 147 8,181 
Provision for credit losses1,905 — 8 253 2,166 
Noninterest expense
Compensation and benefits expense668 108 80 986 1,842 
Insurance losses and loss adjustment expenses— 544 — — 544 
Goodwill impairment (b)— — — 118 118 
Other operating expenses
Technology and communications expenses129 19 5 285 438 
Other (c)1,316 782 52 87 2,237 
Total other operating expenses1,445 801 57 372 2,675 
Total noninterest expense2,113 1,453 137 1,476 5,179 
Income (loss) from continuing operations before income tax expense (benefit)$1,816 $168 $434 $(1,582)$836 
Total assets$113,057 $9,325 $9,704 $59,750 $191,836 
(a)Net financing revenue and other interest income after the provision for credit losses totaled $3.8 billion for the year ended December 31, 2024.
(b)Impairment of goodwill related to Ally Credit Card for the year ended December 31, 2024. Refer to Note 13 for additional information.
(c)Primarily consists of insurance commissions, advertising and marketing, and property and equipment depreciation expenses. Refer to Note 7 for additional information.
Year ended December 31, 2023 ($ in millions)
Automotive Finance operationsInsurance operationsCorporate Finance operationsCorporate and OtherConsolidated (a)
Net financing revenue and other interest income
Total financing revenue and other interest income$9,721 $149 $980 $3,108 $13,958 
Total interest expense3,364 45 550 2,938 6,897 
Net depreciation expense on operating lease assets840 — — — 840 
Net financing revenue and other interest income5,517 104 430 170 6,221 
Other revenue321 1,428 104 160 2,013 
Total net revenue5,838 1,532 534 330 8,234 
Provision for credit losses1,618 — 52 298 1,968 
Noninterest expense
Compensation and benefits expense668 108 78 1,047 1,901 
Insurance losses and loss adjustment expenses— 422 — — 422 
Goodwill impairment (b)— — — 149 149 
Other operating expenses
Technology and communications expenses126 18 5 287 436 
Other (c)1,212 768 45 230 2,255 
Total other operating expenses1,338 786 50 517 2,691 
Total noninterest expense2,006 1,316 128 1,713 5,163 
Income (loss) from continuing operations before income tax expense (benefit)$2,214 $216 $354 $(1,681)$1,103 
Total assets$115,301 $9,081 $11,212 $60,735 $196,329 
(a)Net financing revenue and other interest income after the provision for credit losses totaled $4.3 billion for the year ended December 31, 2023.
(b)Impairment of goodwill related to Ally Lending for the year ended December 31, 2023.
(c)Primarily consists of insurance commissions, advertising and marketing, and lease and loan administration expenses. Refer to Note 7 for additional information.
v3.25.4
Parent Company Condensed Financial Information
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Parent Company Condensed Financial Information Parent Company Condensed Financial Information
The following tables present standalone condensed financial statements for Ally Financial Inc. (referred to within this section as the Parent). These condensed statements are provided in accordance with SEC rules, which require disclosure when the restricted net assets of consolidated subsidiaries exceed 25% of consolidated net assets, and should be read in conjunction with the Consolidated Financial Statements and the accompanying Notes to the Consolidated Financial Statements. For purposes of these condensed financial statements, the Parent’s wholly owned subsidiaries are presented in accordance with the equity method of accounting.
Condensed Statement of Comprehensive Income
Year ended December 31, ($ in millions)
202520242023
Net financing loss and other interest income (a)$(961)$(884)$(945)
Dividends from bank subsidiaries1,150 1,200 1,350 
Dividends from nonbank subsidiaries— — 250 
Total other revenue175 134 169 
Total net revenue364 450 824 
Provision for credit losses5 8 (14)
Total noninterest expense435 473 466 
(Loss) income from continuing operations before income tax benefit and undistributed income of subsidiaries(76)(31)372 
Income tax benefit from continuing operations (b)(273)(327)(408)
Net income from continuing operations197 296 780 
Loss from discontinued operations, net of tax— (1)(2)
Equity in undistributed earnings of subsidiaries655 373 179 
Net income852 668 957 
Other comprehensive income (loss), net of tax1,138 (108)243 
Comprehensive income$1,990 $560 $1,200 
(a)Net financing loss and other interest income is primarily driven by interest expense on long-term debt.
(b)There is a significant variation in the customary relationship between pretax income and income tax benefit due to our accounting policy elections and consolidated tax adjustments. The income tax benefit excludes tax effects on dividends from subsidiaries.
Condensed Balance Sheet
December 31, ($ in millions)
20252024
Assets
Cash and cash equivalents (a)$2,955 $4,579 
Equity securities— 1 
Finance receivables and loans, net of unearned income864 810 
Allowance for loan losses3 10 
Total finance receivables and loans, net867 820 
Investments in subsidiaries
Bank subsidiaries15,277 13,777 
Nonbank subsidiaries5,634 5,335 
Intercompany receivables from subsidiaries393 251 
Investment in operating leases, net12 10 
Other assets2,057 1,774 
Total assets$27,195 $26,547 
Liabilities and equity
Long-term debt (b)$10,020 $11,068 
Interest payable156 134 
Intercompany debt to subsidiaries997 1,046 
Intercompany payables to subsidiaries74 39 
Accrued expenses and other liabilities450 357 
Total liabilities11,697 12,644 
Total equity15,498 13,903 
Total liabilities and equity$27,195 $26,547 
(a)Includes $2.9 billion and $4.5 billion deposited by the Parent at Ally Bank as of December 31, 2025, and 2024, respectively. These funds are available to the Parent for liquidity purposes.
(b)Includes $2.0 billion of the outstanding principal balance of senior notes fully and unconditionally guaranteed by subsidiaries of the Parent as of both December 31, 2025, and 2024.
Condensed Statement of Cash Flows
Year ended December 31, ($ in millions)
202520242023
Operating activities
Net cash provided by operating activities$275 $511 $879 
Investing activities
Proceeds from sales of finance receivables and loans initially held-for-investment— 6 1 
Originations and repayments of finance receivables and loans initially held-for-investment and other, net(88)(89)(37)
Net change in loans — intercompany(68)(51)(290)
Proceeds from sales of equity securities1 — 5 
Capital contributions to subsidiaries(2)(4)(8)
Returns of contributed capital— — 1 
Net change in nonmarketable equity investments(4)— (2)
Other, net(15)(27)(10)
Net cash used in investing activities(176)(165)(340)
Financing activities
Proceeds from issuance of long-term debt1,425 2,050 2,410 
Repayments of long-term debt(2,551)(1,482)(2,087)
Net change in debt — intercompany(49)274 227 
Repurchase of common stock(59)(38)(33)
Common stock dividends paid(379)(372)(368)
Preferred stock dividends paid(110)(110)(110)
Net cash (used in) provided by financing activities(1,723)322 39 
Net (decrease) increase in cash and cash equivalents and restricted cash(1,624)668 578 
Cash and cash equivalents and restricted cash at beginning of year4,612 3,944 3,366 
Cash and cash equivalents and restricted cash at end of year$2,988 $4,612 $3,944 
The following table provides a reconciliation of cash and cash equivalents and restricted cash from the Condensed Balance Sheet to the Condensed Statement of Cash Flows.
Year ended December 31, ($ in millions)
20252024
Cash and cash equivalents on the Condensed Balance Sheet $2,955 $4,579 
Restricted cash included in other assets on the Condensed Balance Sheet (a)33 33 
Total cash and cash equivalents and restricted cash in the Condensed Statement of Cash Flows$2,988 $4,612 
(a)Restricted cash balances relate primarily to Ally securitization arrangements. Refer to Note 13 for additional details describing the nature of restricted cash balances.
v3.25.4
Guarantees and Commitments
 12 Months Ended
Dec. 31, 2025
Guarantees and Product Warranties [Abstract]  
Guarantees and Commitments Guarantees and Commitments
Guarantees
Guarantees are defined as contracts or indemnification agreements that contingently require us to make payments to third-parties based on changes in the underlying agreements with the guaranteed parties. The following summarizes our outstanding guarantees made to third-parties on our Consolidated Balance Sheet.
20252024
December 31, ($ in millions)
Maximum liabilityCarrying value of liabilityMaximum liabilityCarrying value of liability
Standby letters of credit and other guarantees$302 $— $267 $— 
Our Corporate Finance operations has exposure to standby letters of credit that represent irrevocable guarantees of payment of specified financial obligations. Third-party beneficiaries primarily accept standby letters of credit as insurance in the event of nonperformance by our borrowers. Our borrowers may request letters of credit under their revolving loan facility up to a certain sub-limit amount. We may also require collateral to be posted by our borrowers. We received $30 million of cash collateral related to these letters of credit at December 31, 2025. Expiration dates on letters of credit range from certain ongoing commitments that will expire during the upcoming year to terms of several years for certain letters of credit. If the beneficiary draws under a letter of credit, we will be liable to the beneficiary for payment of the amount drawn under such letter of credit, with our recourse being a charge to the borrower’s loan facility or transfer of ownership to us of the related collateral. As many of these commitments are subject to borrowing base agreements and other restrictive covenants or may expire without being fully drawn, the stated amounts of the letters of credit are not necessarily indicative of future cash requirements.
In connection with our Ally Invest advisory offering, we introduce customer securities accounts to a clearing broker, which clears and maintains custody of all customer assets and account activity. We are responsible for obtaining from each customer funds or securities as are required to be deposited or maintained in their accounts. As a result, we are liable for any loss, liability, damage, cost, or expense incurred or sustained by the clearing broker as a result of the failure of any customer to timely make payments or deposits of securities to satisfy their contractual obligations. In addition, customer securities activities are transacted on either a cash or margin basis. In margin transactions, we may extend credit to the customer, through our clearing broker, subject to various regulatory rules and margin lending practices, collateralized by cash and securities in the customer’s account. In connection with these activities, we also execute customer transactions involving the sale of securities not yet purchased. These transactions may expose us to credit risk in the event the customer’s assets are not sufficient to fully cover losses, which the customer may incur. In the event the customer fails to satisfy its obligations, we will purchase or sell financial instruments in the customer’s account in order to fulfill the customer’s obligations. The maximum potential exposure under these arrangements is difficult to estimate; however, the potential for us to incur material losses pursuant to these arrangements is remote.
Commitments
Financing Commitments
The contractual commitments were as follows.
December 31, ($ in millions)
20252024
Unused revolving credit line commitments and other (a)$10,093 $10,027 
Commitments to provide capital to investees (b)1,072 1,227 
Construction-lending commitments (c)270 166 
Home equity lines of credit (d)97 116 
(a)The unused portion of revolving lines of credit reset at prevailing market rates and, approximate fair value.
(b)We are committed to contribute capital to certain investees.
(c)We are committed to fund the remaining unused balance while loans are in the construction period.
(d)Our home equity loans were transferred from held-for-investment to held-for-sale during the year ended December 31, 2025. We are committed to fund the remaining unused balances on home equity lines of credit until they are sold.
Revolving credit line commitments contain an element of credit risk. We manage the credit risk for unused revolving credit line commitments by applying the same credit policies in making commitments as we do for extending loans.
The information presented above excludes the unused portion of commitments that are unconditionally cancelable by us. We had $14.5 billion and $16.5 billion of unfunded commitments related to unconditionally cancelable arrangements at December 31, 2025, and 2024, respectively, which primarily consisted of wholesale floorplan financing.
Lease Commitments
For details about our future minimum payments under operating leases with noncancelable lease terms, refer to Note 10.
Contractual Commitments
We have entered into multiple agreements for sponsorship, information technology, voice and communication technology, and related maintenance. Many of the agreements are subject to variable price provisions, fixed or minimum price provisions, and termination or renewal provisions. The following table presents our total future payment obligations expiring after December 31, 2025.
Year ended December 31, ($ in millions)
2026$202 
2027102 
202855 
20298 
Total future payment obligations$367 
v3.25.4
Contingencies and Other Risks
 12 Months Ended
Dec. 31, 2025
Loss Contingency [Abstract]  
Contingencies and Other Risks Contingencies and Other Risks
Concentration with GM and Stellantis
While we continue to diversify our automotive finance and insurance businesses, GM and Stellantis dealers and their retail customers continue to constitute a significant portion of our customer base. GM, Stellantis, and their captive finance companies compete vigorously with us and could take further actions that negatively impact the amount of business that we do with GM and Stellantis dealers and their customers.
A significant adverse change in GM’s or Stellantis’ business — including, for example, in the production or sale of GM or Stellantis vehicles, the quality or resale value of GM or Stellantis vehicles, GM’s or Stellantis’ relationships with its key suppliers, or the rate or volume of recalls of GM or Stellantis vehicles — could negatively impact our GM and Stellantis dealer and retail customer bases and the value of collateral securing our extensions of credit to them. Any future reductions in GM and Stellantis business that we are not able to offset could adversely affect our business and financial results.
Legal Matters and Other Contingencies
As a financial-services company, we are regularly involved in pending or threatened legal proceedings and other matters and are or may be subject to potential liability in connection with them. These legal matters may be formal or informal and include litigation and arbitration with one or more identified claimants, certified or purported class actions with yet-to-be-identified claimants, and regulatory or other governmental information-gathering requests, examinations, investigations, and enforcement proceedings. Our legal matters exist in varying stages of adjudication, arbitration, negotiation, or investigation and span our business lines and operations. Claims may be based in law or equity — such as those arising under contracts or in tort and those involving banking, consumer-protection, securities, tax, employment, and other laws — and some can present novel legal theories and allege substantial or indeterminate damages.
Ally and its subsidiaries, including Ally Bank, also are or may be subject to potential liability under other contingent exposures, including indemnification, domestic and foreign taxes, self-insurance, and other miscellaneous contingencies.
We accrue for a legal matter or other contingent exposure when a loss becomes probable and the amount of loss can be reasonably estimated. Accruals are evaluated each quarter and may be adjusted, upward or downward, based on our best judgment after consultation with counsel. No assurance exists that our accruals will not need to be adjusted in the future. When a probable or reasonably possible loss on a legal matter or other contingent exposure could be material to our consolidated financial condition, results of operations, or cash flows, we provide disclosure in this note as prescribed by ASC Topic 450, Contingencies. Refer to Note 1 for additional information related to our policy for establishing accruals.
The course and outcome of legal matters are inherently unpredictable. This is especially so when a matter is still in its early stages, the damages sought are indeterminate or unsupported, significant facts are unclear or disputed, novel questions of law or other meaningful legal uncertainties exist, a request to certify a proceeding as a class action is outstanding or granted, multiple parties are named, or regulatory or other governmental entities are involved. Other contingent exposures and their ultimate resolution are similarly unpredictable for reasons that can vary based on the circumstances.
As a result, we often are unable to determine how or when threatened or pending legal matters and other contingent exposures will be resolved and what losses may be incrementally and ultimately incurred. Actual losses may be higher or lower than any amounts accrued or estimated for those matters and other exposures, possibly to a significant degree.
Subject to the foregoing, based on our current knowledge and after consultation with counsel, we do not believe that the ultimate outcomes of currently threatened or pending legal matters and other contingent exposures are likely to be material to our consolidated financial condition after taking into account existing accruals. In light of the uncertainties inherent in these matters and other exposures, however, one or more of them could be material to our results of operations or cash flows during a particular reporting period, depending on factors such as the amount of the loss or liability and the level of our income for that period.
v3.25.4
Subsequent Events
 12 Months Ended
Dec. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Declaration of Common Dividend
On January 19, 2026, our Board declared a quarterly cash dividend of $0.30 per share on all common stock. The dividend was paid on February 17, 2026, to shareholders of record at the close of business on February 2, 2026.
v3.25.4
Insider Trading Arrangements
 3 Months Ended
Dec. 31, 2025
shares
Trading Arrangements, by Individual  
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
William C. Hall Jr. [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
Further, on November 17, 2025, William C. Hall Jr., President of Corporate Finance, adopted an arrangement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act for the sale of up to 42,108 shares of common stock in the amounts and at prices determined in accordance with the formulae set forth in the arrangement. The arrangement terminates on the earlier of the date that all shares under the plan are sold and February 5, 2027.
Name William C. Hall Jr.
Title President of Corporate Finance
Rule 10b5-1 Arrangement Adopted true
Adoption Date November 17, 2025
Expiration Date February 5, 2027
Arrangement Duration 445 days
Aggregate Available 42,108
Mr. Timmerman Rule Trading Arrangement, Common Stock Adopted on December 3, 2025 [Member] | Douglas R. Timmerman [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement In addition, on December 3, 2025, Mr. Timmerman adopted an arrangement for the sale of up to 39,675 shares of common stock in the amounts and at prices determined in accordance with the formulae set forth in the arrangement. The arrangement terminates on the earlier of the date that all shares under the plan are sold and April 30, 2026.
Name Douglas R. Timmerman
Title President of Dealer Financial Services
Rule 10b5-1 Arrangement Adopted true
Adoption Date December 3, 2025
Expiration Date April 30, 2026
Arrangement Duration 148 days
Aggregate Available 39,675
Mr. Timmerman Rule Trading Arrangement, Common Stock Adopted on November 12, 2025 [Member] | Douglas R. Timmerman [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement On November 12, 2025, Mr. Timmerman adopted an arrangement for the sale of up to 162,959 shares of common stock in the amounts and at prices determined in accordance with the formulae set forth in the arrangement. The arrangement terminates on the earlier of the date that all shares under the plan are sold and December 31, 2026.
Name Douglas R. Timmerman
Title President of Dealer Financial Services
Rule 10b5-1 Arrangement Adopted true
Adoption Date November 12, 2025
Expiration Date December 31, 2026
Arrangement Duration 414 days
Aggregate Available 162,959
v3.25.4
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.4
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
Information technology/cybersecurity/data is one of our primary risks, which we define as risks resulting from the failure of, or insufficiency in, information technology (for example, a system outage) or intentional or accidental unauthorized access, sharing, removal, tampering, or disposal of company and customer data or records (for example, a cybersecurity incident), or the lack of data governance, the mismanagement of data, or poor data privacy and protection. We and our service providers rely extensively on digital communications, data management, and other operating systems and infrastructure to conduct our business and operations. Disruptions to these systems or their infrastructure from cyberattacks, or failures in the management of information underlying these systems, may impede our ability to conduct business and operations and may result in business, reputational, financial, regulatory, or other harm. We and other financial institutions continue to be the target of various cyberattacks, including through phishing, the introduction of malware, denial-of-service, or other means. These cyberattacks often are intended to disrupt the operations of financial institutions or obtain confidential, proprietary, or other information or assets of Ally, our customers, employees, or other third parties with whom we transact. Refer to the Risk Factors section for additional information on our information technology/cybersecurity/data risks.
Information technology/cybersecurity/data risk management is part of our broader enterprise risk-management framework described earlier in Risk Management, including the multiple layers of defense described there. We seek to minimize the occurrence and impact of unauthorized access, disruption, alteration, poor privacy or protection, mismanagement or compromise of our systems and information through real-time review and monitoring of applicable risk exposures and the implementation of processes and controls to manage those risks. In addition, we make investments in people, processes, and technology to assist us in our efforts to prevent, monitor, and respond to incidents.
More specifically, information technology/cybersecurity operational metrics and data are monitored on an ongoing basis and assessed against established risk-appetite limits. An inventory of information technology/cybersecurity/data processes, risks, and controls is maintained, which is derived utilizing regulatory and industry guidance, including the Federal Financial Institutions Examination Council Information Technology Examination Handbook and the National Institute of Standards and Technology Cybersecurity Framework. This inventory is used to assist in the identification and assessment of information technology/cybersecurity/data risks. In addition, information protection and risk management teams managed by our CISO are responsible for the administration, governance, and ongoing assessment of information technology/cybersecurity/data risks that pertain to their areas of responsibility.
We have adopted a CSRP, which provides a structured approach for our response to cybersecurity incidents. The CSRP describes internal roles and responsibilities and describes the operational coordination among internal cybersecurity teams, application owners, business partners and other stake holders to detect, track, respond to, and escalate cybersecurity incidents promptly, mitigate the impact of them, and resume normal operations. When cybersecurity events merit escalation beyond the CSRP, they are managed at the enterprise level via Ally’s EIMT. Further escalation to Ally’s ECMT may occur based on severity of the event, as appropriate. The Response Team Operations Plans for both EIMT and ECMT address all hazards and include responsibilities for applicable disclosure.
We regularly assess threats and vulnerabilities to our environment utilizing various resources including independent third-party assessments to evaluate the effectiveness of our layered system of controls. This includes routinely engaging third-party experts to perform comprehensive institutional-wide simulations for senior management, which evaluates our preparedness to respond to crisis-level events, including cybersecurity incidents. Third parties are also engaged to conduct cybersecurity penetration testing to assist us in identifying system vulnerabilities. We actively partner with other industry peers in order to share knowledge and information to further our security environment and invest in training and employee awareness regarding cyber-related risks.
Our business lines are actively engaged in overseeing our third-party service providers. Our Enterprise TPRM Policy establishes requirements and practices used to oversee and manage the activities of third parties with whom Ally has a relationship, under which we identify, measure, monitor, and manage third-party risk (including information technology/cybersecurity risks) in alignment with our strategic objectives and in compliance with applicable law. Any identified threats, vulnerabilities, or cybersecurity incidents are addressed as appropriate through the CSRP or our business-continuity and crisis-management plans, as described earlier.
Cybersecurity and the continued enhancement of our controls, processes, and systems to protect our technology and data infrastructure, customer information, and other proprietary information or assets remain a critical and ongoing priority. We recognize that cyber-related risks continue to evolve, including through the emergence of AI, and have become increasingly sophisticated. As a result we continuously evaluate the adequacy of our preventive and detective measures. As a further protective measure, we maintain insurance coverage that, subject to terms and conditions, may cover certain aspects of cybersecurity and information risks. However, such insurance may not be sufficient to cover all losses, and there is no guarantee that such insurance will continue to be available to us on acceptable terms, if at all.
We have not identified risks from cybersecurity threats, including as a result of any previous cybersecurity incidents, that have materially affected or are reasonably likely to materially affect, Ally or its business strategy, results of operations, or financial condition. However, we face ongoing cybersecurity threats and there can be no assurances we will not be materially impacted in the future. Refer to the Risk Factors section for additional information.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block]
Information technology/cybersecurity/data risk management is part of our broader enterprise risk-management framework described earlier in Risk Management, including the multiple layers of defense described there. We seek to minimize the occurrence and impact of unauthorized access, disruption, alteration, poor privacy or protection, mismanagement or compromise of our systems and information through real-time review and monitoring of applicable risk exposures and the implementation of processes and controls to manage those risks. In addition, we make investments in people, processes, and technology to assist us in our efforts to prevent, monitor, and respond to incidents.
More specifically, information technology/cybersecurity operational metrics and data are monitored on an ongoing basis and assessed against established risk-appetite limits. An inventory of information technology/cybersecurity/data processes, risks, and controls is maintained, which is derived utilizing regulatory and industry guidance, including the Federal Financial Institutions Examination Council Information Technology Examination Handbook and the National Institute of Standards and Technology Cybersecurity Framework. This inventory is used to assist in the identification and assessment of information technology/cybersecurity/data risks. In addition, information protection and risk management teams managed by our CISO are responsible for the administration, governance, and ongoing assessment of information technology/cybersecurity/data risks that pertain to their areas of responsibility.
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Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block]
Our Board is actively involved in the oversight of Ally’s information technology/cybersecurity/data risk-management program, including through the RC and TC. The RC has primary oversight responsibility for our risk-management framework and sets the risk appetite across Ally. The TC assists the Board in overseeing information-technology, information-security (including cybersecurity), and data risks, and our management of the risks commensurate with our structure, risk profile, complexity, activities, and size. To this end, the TC periodically reviews and approves policies addressing information-technology, information-security, and data risks, and reviews reports and trends on these risks—including those involving cybersecurity, data management and protection, and crisis management—and receives reports from management on its actions to assess, monitor, and control them. The RC reviews reports and other information from the TC in approving our information-technology, information-security, and data risk appetite, and in exercising oversight of our independent risk-management program. Senior management briefs the RC, the TC, or the Board on information-technology, information-security, and data risk matters at least quarterly and identified cybersecurity incidents are reported to the Board as deemed appropriate pursuant to our business-continuity and crisis-management plans. The RC and TC meet in a joint session at least annually.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] Our Board is actively involved in the oversight of Ally’s information technology/cybersecurity/data risk-management program, including through the RC and TC. The RC has primary oversight responsibility for our risk-management framework and sets the risk appetite across Ally. The TC assists the Board in overseeing information-technology, information-security (including cybersecurity), and data risks, and our management of the risks commensurate with our structure, risk profile, complexity, activities, and size.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] The RC has primary oversight responsibility for our risk-management framework and sets the risk appetite across Ally. The TC assists the Board in overseeing information-technology, information-security (including cybersecurity), and data risks, and our management of the risks commensurate with our structure, risk profile, complexity, activities, and size. To this end, the TC periodically reviews and approves policies addressing information-technology, information-security, and data risks, and reviews reports and trends on these risks—including those involving cybersecurity, data management and protection, and crisis management—and receives reports from management on its actions to assess, monitor, and control them. The RC reviews reports and other information from the TC in approving our information-technology, information-security, and data risk appetite, and in exercising oversight of our independent risk-management program. Senior management briefs the RC, the TC, or the Board on information-technology, information-security, and data risk matters at least quarterly and identified cybersecurity incidents are reported to the Board as deemed appropriate pursuant to our business-continuity and crisis-management plans. The RC and TC meet in a joint session at least annually.
Cybersecurity Risk Role of Management [Text Block]
Risk-oriented management committees, the executive leadership team, and our associates identify and monitor current and emerging risks and manage those risks within our risk appetite. More specifically, our ERMC is responsible for supporting the Chief Risk Officer’s oversight of senior management’s responsibility to execute on our strategy within our risk appetite set by the RC, and the Chief Risk Officer’s implementation of our independent risk-management. Our Technology and Security Risk Management Sub-Committee and Data Risk Management Committee, which report to our ERMC, provide oversight of senior management’s responsibility to manage and measure information technology/cybersecurity/data risks against the established risk appetite and monitors compliance with legal requirements and regulatory commitments. For additional information on the role of management in monitoring the prevention, detection, mitigation, and remediation of cybersecurity incidents, refer to the Risk Management and Strategy section above.
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Cybersecurity Risk Management Positions or Committees Responsible [Text Block] Our CIDDO, who brings to Ally more than 20 years of technology leadership experience in complex businesses, is responsible for overseeing all of Ally’s technical and digital capabilities, including cybersecurity and infrastructure. Our CISO, who reports to the CIDDO, is principally responsible for managing and implementing our cybersecurity program.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]
Our CIDDO, who brings to Ally more than 20 years of technology leadership experience in complex businesses, is responsible for overseeing all of Ally’s technical and digital capabilities, including cybersecurity and infrastructure. Our CISO, who reports to the CIDDO, is principally responsible for managing and implementing our cybersecurity program. Our CIDDO and CISO collectively possess substantial expertise in the areas of information technology, information security, cybersecurity, and data risk management. Our CISO, who has over 20 years of experience within the financial-services industry, is supported by employees involved in the management of information security/cybersecurity/data risks that possess experience across a variety of areas.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] Senior management briefs the RC, the TC, or the Board on information-technology, information-security, and data risk matters at least quarterly and identified cybersecurity incidents are reported to the Board as deemed appropriate pursuant to our business-continuity and crisis-management plans. The RC and TC meet in a joint session at least annually.
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v3.25.4
Description of Business, Basis of Presentation, and Significant Accounting Policies (Policies)
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Consolidation The Consolidated Financial Statements include the accounts of the parent and its consolidated subsidiaries, of which it is deemed to possess control, after eliminating intercompany balances and transactions, and include all VIEs in which we are the primary beneficiary. Refer to Note 11 for further details on our VIEs. Other entities in which we have invested and have the ability to exercise significant influence over operating and financial policies of the investee, but upon which we do not possess control, are accounted for using the equity method of accounting within the financial statements and are therefore not consolidated.
Basis of Presentation Our accounting and reporting policies conform to U.S. GAAP and, where applicable, the policies conform to the accounting and reporting guidelines prescribed by bank regulatory authorities. Certain reclassifications have been made to the prior periods’ financial statements and notes to conform to the current period’s presentation, which did not have a material impact on our Consolidated Financial Statements.
Use of Estimates and Assumptions
Use of Estimates and Assumptions
The preparation of financial statements in conformity with U.S. GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosure, including those of contingent assets and liabilities at the date of the financial statements. It also includes estimates related to the income and expenses during the reporting period and the related disclosures. In developing the estimates and assumptions, we use all available evidence; however, actual results could differ because of uncertainties associated with estimating the amounts, timing, and likelihood of possible outcomes. Our most significant estimates pertain to the allowance for loan losses, the valuations of automotive operating lease assets and residuals, the fair value of financial instruments, and the determination of the provision for income taxes.
Cash and Cash Equivalents
Cash and Cash Equivalents
Cash and cash equivalents include cash on hand, cash on deposit at other financial institutions, cash items in process of collection, and certain highly liquid investments with original maturities of three months or less from the date of purchase. The book value of cash equivalents approximates fair value because of the short maturities of these instruments and the insignificant risk they present to changes in value with respect to changes in interest rates. We may hold securities with original maturities of three months or less from the date of purchase that are held as part of a longer-term investment strategy and classify them as investment securities. We also hold cash and cash equivalents with legal restrictions limiting our ability to withdraw and use the funds. This includes restricted cash held for securitization trusts and restricted cash and cash equivalents, which are presented as other assets on our Consolidated Balance Sheet.
Investment Securities
Investment Securities
Our investment securities portfolio includes various debt securities. Debt securities are classified based on our intent to sell or hold the security. We classify debt securities as held-to-maturity only when we have both the intent and ability to hold the securities to maturity. We classify debt securities as trading when the securities are acquired for the purpose of selling or holding them for a short period of time. Debt securities not classified as either held-to-maturity or trading are classified as available-for-sale.
Available-for-sale securities are carried at fair value with unrealized gains and losses included in accumulated other comprehensive income. Held-to-maturity securities are carried at amortized cost basis.
We establish an allowance for credit losses for lifetime expected credit losses on our held-to-maturity securities, as necessary. The estimate of expected credit losses considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Accrued interest receivable on held-to-maturity securities is excluded from the estimate of credit losses. Our held-to-maturity securities portfolio is mostly composed of U.S. government (issued by U.S. government entities or agencies) and non-agency mortgage-backed residential debt securities. U.S. government securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major ratings agencies, and have a long history of zero credit losses and therefore generally do not require an allowance for credit losses.
We regularly assess our available-for-sale securities for impairment. When the amortized cost basis of an available-for-sale security exceeds its fair value, the security is impaired. If we determine that we intend to sell, or it is more likely than not that we will be required to sell the security before recovery of the amortized cost basis, any previously recorded allowance for credit losses is written off and the security’s amortized cost basis is written down to fair value at the reporting date, with any incremental impairment recorded through earnings.
Alternatively, if we do not intend to sell, or it is not more likely than not that we will be required to sell the security before anticipated recovery of the amortized cost basis, we evaluate, among other factors, the magnitude of the decline in fair value, the financial health of and business outlook for the issuer, and the performance of the underlying assets for interests in securitized assets to determine if a credit loss has occurred.
The present value of expected future cash flows is compared to the security’s amortized cost basis to measure the credit loss component of the impairment after determining a credit loss has occurred. If the present value of expected cash flows is less than the amortized cost basis, we record an allowance for credit losses for that difference. The amount of credit loss is limited to the difference between the security’s amortized cost basis and its fair value. Accrued interest receivable on available-for-sale securities is excluded from the estimate of credit losses. Any remaining impairment that is due to factors other than a credit loss, such as changes in market interest rates, is recorded in other comprehensive income. Changes in the allowance for credit losses are recorded as provision for, or reversal of, provision for credit losses.
Premiums and discounts on debt securities are generally amortized over the stated maturity of the security as an adjustment to investment yield. Premiums on debt securities that have non-contingent call features that are callable at fixed prices on preset dates are amortized to the earliest call date as an adjustment to investment yield.
A debt security is generally placed on nonaccrual status at the time any principal or interest payments become 90 days past due. The receivable for interest income that is accrued but not collected is reversed against interest income when the debt security is placed on nonaccrual status.
Realized gains and losses on the sale of debt securities are determined using the specific identification method and are reported in other (loss) gain on investments, net in our Consolidated Statement of Income.
Equity Securities and Nonmarketable Equity Investments
Equity Securities and Nonmarketable Equity Investments
Equity securities that have a readily determinable fair value are recorded at fair value with changes in fair value recorded in earnings and reported in other (loss) gain on investments, net in our Consolidated Statement of Income. These investments are included in equity securities on our Consolidated Balance Sheet. In some instances, we may account for equity securities using the net asset value practical expedient to estimate fair value. Realized gains and losses on the sale of equity securities with a readily determinable fair value and equity securities measured using the net asset value practical expedient are determined using the specific identification method and are reported in other (loss) gain on investments, net in our Consolidated Statement of Income. Refer to Note 24 for further information on equity securities that are held at fair value.
Our nonmarketable equity investments include investments in FHLB and FRB stock held to meet regulatory requirements and other equity investments that do not have a readily determinable fair value. Our investments in FHLB and FRB stock are carried at cost, less impairment, if any. Our remaining nonmarketable equity investments are recorded at cost, less impairment and adjusted for observable price changes under the measurement alternative provided under U.S. GAAP. These investments, along with our investments in FHLB and FRB stock, are included in nonmarketable equity investments in other assets on our Consolidated Balance Sheet. Investments recorded under the measurement alternative are also reviewed at each reporting period to determine if any adjustments are required for observable price changes in identical or similar securities of the same issuer. As conditions warrant, we review these investments, as well as investments in FHLB and FRB stock, for impairment and adjust the carrying value of the investment if it is deemed to be impaired. Adjustments related to observable price changes or impairment on securities using the measurement alternative and FHLB and FRB stock are recorded in earnings and reported in other income, net of losses in our Consolidated Statement of Income. Realized gains and losses on the sale of nonmarketable equity investments are also recorded in earnings and reported in other income, net of losses in our Consolidated Statement of Income.
Finance Receivables and Loans and Allowance for Loan Losses
Finance Receivables and Loans
We initially classify finance receivables and loans as either loans held-for-sale or loans held-for-investment based on an assessment of our intent and ability to hold the loans for the foreseeable future or until maturity. Our view of the foreseeable future is based on the longest reliable forecasted period, including events known when performing periodic evaluations. Our intent and ability with respect to certain loans may change from time to time depending on a number of factors, for example, economic, liquidity, and capital conditions. In order to reclassify loans to held-for-sale, we must have the intent to sell the loans and must reasonably identify the specific loans to be sold.
Loans classified as held-for-sale are presented as loans held-for-sale, net on our Consolidated Balance Sheet at the lower of their net carrying value or fair value, unless the fair value option was elected, in which case those loans are carried at fair value. For loans originated as held-for-sale for which we have not elected the fair value option, loan origination fees and costs are included in the initial carrying value. Interest income on our loans classified as held-for-sale is recognized based upon the contractual rate of interest on the loan and the unpaid principal balance. We report accrued interest receivable on our loans classified as held-for-sale in other assets on our Consolidated Balance Sheet.
For held-for-sale loans for which we have elected the fair value option, loan origination fees and costs are recognized in earnings when earned or incurred. Prior to ceasing the origination of new mortgage loans during 2025, we elected the fair value option for mortgage direct-to-consumer originations for which we had a commitment to sell. The interest rate lock commitment that we entered into for a mortgage loan originated as held-for-sale and certain forward commitments were considered derivatives, which we carried at fair value on our Consolidated Balance Sheet. We elected the fair value option to measure our nonderivative forward commitments. Changes in the fair value of our interest rate lock commitments, derivative forward commitments, and nonderivative forward commitments related to mortgage loans originated as held-for-sale, as well as changes in the carrying value of loans classified as held-for-sale, were reported through (loss) gain on mortgage and automotive loans, net in our Consolidated Statement of Income.
Loans classified as held-for-investment are presented as finance receivables and loans, net on our Consolidated Balance Sheet. Finance receivables and loans are reported at their amortized cost basis, which includes the principal amount outstanding, net of unamortized deferred fees and costs on originated loans, unamortized premiums and discounts on purchased loans, unamortized basis adjustments arising from the designation of finance receivables and loans as the hedged item in qualifying fair value hedge relationships, and cumulative principal net charge-offs. We refer to the amortized cost basis less the allowance for loan losses as the net carrying value in finance receivables and loans. Unearned rate support received from automotive manufacturers on certain automotive loans, deferred origination fees and costs, and premiums and discounts on purchased loans are amortized over the contractual life of the related finance receivable or loan using the effective interest method. We make various incentive payments for consumer automotive loan originations to automotive dealers and account for these payments as direct loan origination costs. Additionally, we make incentive payments to certain commercial automobile wholesale borrowers and account for these payments as a reduction to interest income in the period they are earned. Interest income on our finance receivables and loans is recognized based on the contractual rate of interest plus the amortization of deferred amounts using the effective interest method, except for origination fees and costs on our credit card loans and revolving lines of credit without scheduled principal payments, which are amortized on a straight line basis. In addition, annual fees on credit cards were amortized into other income, net of losses over a twelve-month period. We report accrued interest receivable on our finance receivables and loans in other assets on our Consolidated Balance Sheet, except for billed interest on our credit card loans, which was included in finance receivables and loans, net. Loan commitment fees are generally deferred and amortized over the commitment period. For information on finance receivables and loans, refer to Note 9.
We have elected to exclude accrued interest receivable from the measurement of our allowance for loan losses for each class of financing receivables, except for billed interest on our credit card loans, which was included in finance receivables and loans, net as part of the amortized cost basis of the loan. We have also elected to write-off accrued interest receivable by reversing interest income when loans are placed on nonaccrual status for each class of finance receivable. This includes the reversal of the billed interest on credit card loans that occurred at the time of charge-off, which was initially included in the measurement of our allowance for loan losses.
Our portfolio segments are based on the level at which we develop and document our methodology for determining the allowance for loan losses. Additionally, the classes of finance receivables are based on several factors, including the method for monitoring and assessing credit risk, the method of measuring carrying value, and the risk characteristics of the finance receivable. Based on an evaluation of our process for developing the allowance for loan losses, including the nature and extent of exposure to credit risk arising from finance receivables, we have determined our portfolio segments to be consumer automotive, consumer mortgage, consumer other, and commercial.
•Consumer automotive — Consists of retail automotive financing for new and used vehicles.
•Consumer mortgage — Consists of consumer first-lien mortgages, subordinate-lien mortgages, and home equity mortgages. Consumer mortgage originations ceased during the second quarter of 2025, which has and will continue to result in a gradual run-off of our consumer mortgage portfolio. In addition, during the fourth quarter of 2025, we transferred $366 million of mortgage loans to held-for-sale. Following the expected sale of these mortgage loans, our consumer mortgage portfolio will be all first-lien fixed-rate mortgages.
•Consumer other — Consists of the following classes of finance receivables.
•Personal Lending — Consists of unsecured consumer lending from point-of-sale financing. On March 1, 2024, we closed the sale of our point-of-sale financing business.
•Credit Card — Consists of consumer credit card loans. On April 1, 2025, we closed the sale of our credit card operations. Refer to Note 2 for further information.
•Commercial — Consists of the following classes of finance receivables.
◦Commercial and Industrial
▪Automotive — Consists of financing operations to fund dealer purchases of new and used vehicles through wholesale floorplan financing. Additional commercial offerings include automotive dealer term loans, revolving lines, and dealer and other fleet financing.
▪Other — Consists primarily of senior secured asset-based and leveraged cash flow loans related to our corporate-finance business.
◦Commercial Real Estate — Consists of term loans primarily secured by dealership land and buildings, and other commercial lending secured by real estate.
Nonaccrual Loans
Generally, we recognize loans of all classes as past due when they are 30 days delinquent on making a contractually required payment, and loans are placed on nonaccrual status when principal or interest has been delinquent for at least 90 days, or when full collection is not expected. Interest income recognition is suspended when finance receivables and loans are placed on nonaccrual status. Additionally, amortization of premiums and discounts and deferred fees and costs ceases when finance receivables and loans are placed on nonaccrual. Exceptions include commercial real estate loans that are placed on nonaccrual status when delinquent for 60 days or when full collection is not probable, if sooner. Additionally, a loan can be returned to accrual status when the loan has been brought fully current, the collection of contractual principal and interest is reasonably assured, and six consecutive months of repayment performance is achieved. In certain cases, if a borrower has been current up to the time of a modification and repayment of the debt subsequent to the modification is reasonably assured, we may choose to continue to accrue interest on the loan.
Nonperforming loans on nonaccrual status are reported in Note 9. For all our portfolio segments, the receivable for interest income that is accrued, but not collected, at the date finance receivables and loans are placed on nonaccrual status is reversed against interest income and subsequently recognized only to the extent it is received in cash or until it qualifies for return to accrual status. However, prior to the sale of Ally Credit Card, billed interest for credit card loans was included in the receivables balance and therefore was not reversed against interest income until the loan was charged-off. Where there is doubt regarding the ultimate collectability of loan principal, all cash received is applied to reduce the carrying value of such loans. Generally, finance receivables and loans are restored to accrual status only when contractually current and the collection of future payments is reasonably assured.
Modifications of Loans with Borrowers Experiencing Financial Difficulty
We may provide a loan modification to a borrower who is experiencing financial difficulty if we believe they have the ability and are willing to repay their loan. The type of modification granted will vary depending on our credit risk management practices, as well as the borrower’s financial condition and the characteristics of the loan, including the unpaid balance, the underlying collateral, and the number or types of previous modifications granted.
Modifications that we make subject to the financial difficulty disclosure requirements include payment extensions, principal forgiveness, interest rate concessions, or any combination thereof. These modifications generally reduce the borrower’s periodic payment amount. The following is a description of each of these types of modifications.
•Payment extensions — Payment extensions include both payment deferrals and contractual maturity extensions. Deferral arrangements allow borrowers to delay a scheduled loan payment to a later date. Deferred loan payments do not affect the original contractual terms of the loan and the contractual maturity date of the loan remains unchanged. Deferrals also include certain forbearance agreements. Within the commercial loan portfolio, deferrals primarily reflect a deferral of interest payments. Under a contractual maturity extension agreement, the last payment date is extended to a future date, lengthening the remaining term of the original loan.
•Principal forgiveness — Under principal forgiveness, the outstanding principal balance of a loan is reduced by a specified amount. Principal forgiveness may occur voluntarily as part of a negotiated agreement with a borrower, or involuntarily through a bankruptcy proceeding. Under these involuntary instances, the bankruptcy court in a Chapter 11 or 13 proceeding may order us to reduce the outstanding principal balance of the loan to a specified amount.
•Interest rate concessions — Interest rate concessions adjust the contractual interest rate of the loan to a rate that is not consistent with a market rate for a customer with similar credit risk.
•Combination — Combination includes loans that have undergone multiple of the above loan modification types. This primarily includes rewritten loans where we grant an interest rate concession and a contractual maturity extension.
Significant judgment is required to determine if a borrower is experiencing financial difficulty. These considerations vary by portfolio class. In all cases, the cumulative impacts of all modifications made within the 12-month period before the current modification are considered at the time of the most recent modification.
For consumer loans of all classes, various qualitative factors are used for assessing the financial difficulty of the borrower. These factors include, but are not limited to, the borrower’s default status on any of its debts, bankruptcy, and recent changes in financial circumstances (for instance, loss of employment). For commercial loans of all classes, similar qualitative factors are considered when assessing the financial difficulty of the borrower. In addition to the previously noted factors, consideration is also given to the borrower’s forecasted ability to service the debt in accordance with the contractual terms, possible regulatory actions, and other potential business disruptions (for example, the loss of a significant customer or other revenue stream).
In our consumer automotive portfolio class of loans, we also provide extensions or deferrals of payments to borrowers whom we deem to be experiencing only temporary financial difficulty. In these cases, there are limits within our operational policies to minimize the number of times a loan can be extended, as well as limits to the length of each extension, and a cumulative extension cap over the life of the loan. If these limits are breached, the modification may require disclosure as noted in the following paragraph. Before offering an extension or deferral, we evaluate the capacity of the customer to make the scheduled payments after the deferral period. During the deferral period, we continue to accrue interest on the loan as part of the deferral agreement. We grant extensions or deferrals when we expect to collect all amounts due including interest accrued at the original contract rate.
We do not disclose loan modifications that result in only an insignificant payment delay. In order to assess whether a payment delay is insignificant, we consider the amount of the modified payments subject to delay in conjunction with the unpaid principal balance or the collateral value of the loan, whether or not the delay is significant with respect to the frequency of payments under the original contract, or the loan’s original expected duration. In the cases where payment extensions cumulatively extend beyond 90 days and are more than 10% of the original contractual term, or where the cumulative payment extension within the 12-month period immediately preceding the current modification is beyond 180 days, we deem the delay in payment to be more than insignificant.
The financial impacts of modifications that meet the definition of a modification to borrowers experiencing financial difficulty are reported in the period in which they are identified. Additionally, if such a loan defaults within 12 months of the modification, we are required to disclose the instances of redefault. A loan is considered to have redefaulted when the loan meets the requirements for evaluation under our charge-off policy, except for commercial loans where redefault is defined as 90 days past due.
Net Charge-offs
We disclose the measurement of net charge-offs as the amount of gross charge-offs recognized less recoveries received. Gross charge-offs reflect the amount of the amortized cost basis directly written-off. Generally, we recognize recoveries when they are received and record them as an increase to the allowance for loan losses.
As a general rule, consumer automotive loans are fully charged off once a loan becomes 120 days past due. In instances where upon becoming 120 days past due repossession is assured and in process, consumer automotive loans are written down to estimated collateral value, less costs to sell. In our consumer mortgage portfolio segment, first-lien mortgages and a subset of our home equity portfolio that are secured by real estate in a first-lien position are written down to the estimated fair value of the collateral, less costs to sell, once a mortgage loan becomes 180 days past due. Consumer mortgage loans that represent second-lien positions were charged off at 180 days past due. In our consumer other segment, prior to being transferred to held-for-sale, loans within our personal lending class of receivables were charged off at 120 days past due and loans in our credit card class of receivables were charged off at 180 days past due. Within 60 days of receipt of notification of filing from the bankruptcy court, or within the time frames noted above, consumer automotive and first-lien consumer mortgage loans in bankruptcy are written down to their expected future cash flows, which is generally fair value of the collateral, less costs to sell, and second-lien consumer mortgage loans and other consumer loans are fully charged-off, unless it can be clearly demonstrated that repayment is likely to occur. Regardless of other timelines noted within this policy, loans are considered collateral-dependent when the borrower is experiencing financial difficulty and repayment of the loan is expected to only be through sale or operation of the collateral. Collateral-dependent loans are charged-off to the estimated fair value of the underlying collateral less costs to sell when foreclosure or repossession proceedings begin.
Commercial loans are individually evaluated and are written down to the estimated fair value of the collateral less costs to sell when collectability of the recorded balance is in doubt. Generally, all commercial loans are charged-off when it becomes unlikely that the borrower is willing or able to repay the remaining balance of the loan and any underlying collateral is not sufficient to recover the outstanding principal.
Collateral-dependent commercial loans are charged-off to the fair value of collateral less costs to sell, when appropriate. Non-collateral dependent loans are fully charged-off.
Allowance for Loan Losses
The allowance for loan losses (the allowance) is deducted from, or added to, the loan’s amortized cost basis to present the net amount expected to be collected from our lending portfolios. We estimate the allowance using relevant available information, which includes both internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Additions and reductions to the allowance are charged to current period earnings through the provision for credit losses and amounts determined to be uncollectible are charged directly against the allowance, net of amounts recovered on previously charged-off accounts. Expected recoveries do not exceed the total of amounts previously charged-off and amounts expected to be charged-off.
Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate. The contractual term only includes expected extensions or renewals, if the extension or renewal option is included in the original or modified contract at the reporting date and we are not able to unconditionally cancel the option. Expected loan modifications are only included in the contractual term, if we have a reasonable expectation at period end that the loan modification will be executed with a borrower.
For the purpose of calculating portfolio-level reserves, we have grouped our loans into four portfolio segments: consumer automotive, consumer mortgage, consumer other, and commercial. The allowance is measured on a collective basis using statistical models when loans have similar risk characteristics. These statistical models are designed to correlate certain macroeconomic variables to expected future credit losses. The macroeconomic data used in the models are based on forecasted factors over a reasonable and supportable forecast period. These forecasted variables are derived from both internal and external sources. Beyond this forecasted period, we revert each variable to a historical average on a straight-line basis. The historical average is calculated predominantly using historical data beginning in January 2008 through the most recent period of available data.
During the second quarter of 2024, we updated our reasonable and supportable forecast period from 12 months to 24 months, and our reversion period from 24 months to 12 months. This refinement to our estimation process represented a change in accounting estimate, with prospective application beginning in the period of change. The impact of this refinement to our estimation process was offset by an adjustment in the qualitative portion of our allowance. The use of a longer-duration reasonable and supportable macroeconomic forecast period to produce the modeled portion of our allowance for loan losses is expected to further improve model performance.
Loans that do not share similar risk characteristics are evaluated on an individual basis and are not included in the collective evaluation.
The allowance calculation is supplemented with qualitative adjustments that take into consideration current portfolio and asset-level factors, such as the impacts of changes in underwriting standards, collections and account management effectiveness, geographic concentrations, and economic events that have occurred but are not yet reflected in the quantitative model component. Qualitative adjustments are documented, reviewed, and approved through our established risk governance processes and follow regulatory guidance.
We also consider the need for a reserve on unfunded loan commitments across our portfolio segments, including lines of credit and standby letters of credit. We estimate expected credit losses over the contractual period in which we are exposed to credit risk, unless we have the option to unconditionally cancel the obligation. Expected credit losses on the commitments include consideration of the likelihood that funding will occur under the commitment and an estimate of expected credit losses on amounts expected to be funded over the estimated life. The reserve for unfunded loan commitments is recorded within accrued expenses and other liabilities on our Consolidated Balance Sheet. Provision for credit losses related to our reserve for unfunded commitments is recorded within provision for credit losses on our Consolidated Statement of Income. Refer to Note 28 for information on our unfunded loan commitments.
Consumer Automotive
The allowance within the consumer automotive portfolio segment is calculated using proprietary statistical models and other risk indicators applied to pools of loans with similar risk characteristics, including credit bureau score and LTV ratios.
The model generates projections of default rates, prepayment rates, loss severity rates, and recovery rates using macroeconomic and historical loan data. These projections are used to develop transition scenarios to predict the portfolio’s migration from the current or past-due status to various future states over the life of the loan. Macroeconomic data used to calculate expected credit losses incorporates light vehicle sales, wholesale used vehicle value index, state-level real personal income, and state-level unemployment rates, with unemployment rates being the most impactful macroeconomic factor in calculating expected lifetime credit losses. The loss severity within the consumer automotive portfolio segment is impacted by the fair values of vehicles that are repossessed. Vehicle values are affected by numerous factors including vehicle supply, the condition of the vehicle upon repossession, the overall price and volatility of fuel, consumer preference related to specific vehicle segments, and other factors. The model output is aggregated to calculate expected lifetime gross credit losses, net of expected recoveries.
Consumer Mortgage
The allowance within the consumer mortgage portfolio segment is calculated using statistical models based on pools of loans with similar risk characteristics. The models incorporate loan and borrower data elements, including LTV ratio, loan age, term, product type, loan balance and credit score.
Expected losses are statistically modeled using behavioral transitions. The models estimate the probability of delinquency, default, and voluntary prepayment over the course of each loan. The transition probability is a function of the data elements and economic variables. When a default event is predicted, a severity model is applied to estimate future loan losses. Loss severity within the consumer mortgage portfolio segment is estimated based on the expected market value of the underlying collateral, considering factors such as property location and macroeconomic data. Macroeconomic data that is used to calculate expected credit losses include interest rates, mortgage rates, home price index, and unemployment rates. The model output is aggregated to calculate expected lifetime credit losses.
Consumer Other
The allowance within our credit card receivables class was calculated by using a statistical model that considers loan-specific and economy-wide factors to project default events, positive closure, EAD, and LGD events across all active loans in the portfolio. Macroeconomic data that is used to calculate expected credit losses include state and national-level unemployment rate, revolving consumer credit, and retail sales. Estimated expected lifetime credit losses are the summation of the simulated losses and recoveries for all credit card loans in the portfolio.
Commercial Loans
The allowance within the commercial loan portfolio segment is calculated using an expected loss framework that uses historical loss experience, concentrations, macroeconomic factors, and performance trends. The determination of the allowance is influenced by numerous assumptions and factors that may materially affect estimates of loss, including changes to the PD, LGD, and EAD. PD factors are determined based on our historical performance data, which considers ongoing reviews of the financial performance of borrowers within our portfolio, including cash flow, debt-service coverage ratio, and an assessment of borrowers’ industry and future prospects. The determination of PD also incorporates historical loss experience and, when necessary, macroeconomic information obtained from external sources. LGD factors consider the type of collateral, relative LTV ratios, and historical loss information. In addition, LGD factors may be influenced by macroeconomic information and situations in which automotive manufacturers repurchase vehicles used as collateral to secure the loans in default situations. EAD factors are derived from outstanding balance levels, including estimated prepayment assumptions based on historical experience.
Variable Interest Entities and Securitizations
Variable Interest Entities and Securitizations
A legal entity is considered a VIE if, by design, has any of the following characteristics: the equity at risk is insufficient for the entity to finance its activities without additional subordinated financial support or, as a group, the holders of the equity investment at risk lack the ability to directly or indirectly make decisions about the entity’s activities that most significantly impact economic performance through voting or similar rights, do not have the obligation to absorb the expected losses, do not have the right to receive expected residual returns of the entity, or do not have voting rights that are proportionate to their interests and substantially all the activities are conducted on behalf of an investor with a disproportionately small voting interest.
For all VIEs in which we are involved, we assess whether we are the primary beneficiary of the VIE on an ongoing basis. In circumstances where we have both the power to direct the activities that most significantly impact the VIEs’ performance and the obligation to absorb losses or the right to receive the benefits of the VIE that could be significant, we would conclude that we are the primary beneficiary of the VIE and would consolidate the VIE (also referred to as on-balance sheet). In situations where we are not deemed to be the primary beneficiary of the VIE, we do not consolidate the VIE and only recognize our interests in the VIE (also referred to as off-balance sheet).
We are involved in securitizations that typically involve the use of VIEs. For information regarding our securitization activities, refer to Note 11.
In the case of a consolidated on-balance-sheet VIE used for a securitization, the underlying assets remain on our Consolidated Balance Sheet with the corresponding obligations to third-party beneficial interest holders reflected as debt. We recognize income on the assets and interest expense on the debt issued by the VIE on an accrual basis. We reserve for expected losses on the assets primarily under CECL. Consolidation of the VIE precludes us from recording an accounting sale on the transaction.
In securitizations where we are not determined to be the primary beneficiary of the VIE, we must determine whether we achieve a sale for accounting purposes. To achieve a sale for accounting purposes, the financial assets being transferred must be legally isolated, not be constrained by restrictions from further transfer, and be deemed to be beyond our control. We would deem the transaction to be an off-balance-sheet securitization if the preceding three criteria for sale accounting are met. If we were to fail any of these three criteria for sale accounting, the transfer would be accounted for as a secured borrowing, consistent with the preceding paragraph regarding on-balance sheet VIEs.
The gain or loss recognized on off-balance-sheet securitizations takes into consideration any assets received or liabilities assumed, including any retained interests, and servicing assets or liabilities (if applicable), which are initially recorded at fair value at the date of sale. Upon the sale of the financial assets, we recognize a gain or loss on sale for the difference between the assets and liabilities recognized, and the assets derecognized. The financial assets obtained from off-balance-sheet securitizations are primarily reported as cash or if applicable, retained interests. Retained interests are classified as securities or as other assets depending on their form and structure. The estimate of the fair value of the retained interests and servicing requires us to exercise significant judgment about the timing and amount of future cash flows from the interests. For a discussion on fair value estimates, refer to Note 24.
Gains or losses on off-balance-sheet securitizations are reported in (loss) gain on mortgage and automotive loans, net, in our Consolidated Statement of Income.
We retain the right to service our automotive loan securitizations. We may receive servicing fees for off-balance-sheet securitizations based on the securitized asset balances and certain ancillary fees, all of which are reported in other income, net of losses in our Consolidated Statement of Income. Typically, the fee we are paid for servicing represents adequate compensation, and consequently, does not result in the recognition of a servicing asset or liability.
Equity-Method Investments and Proportional Amortization Investments
Equity-Method Investments and Proportional Amortization Investments
Our equity-method investments primarily include equity investments related to the CRA, which do not have a readily determinable fair value. The majority of these investments are accounted for using the equity method of accounting and are included in equity-method investments within other assets on our Consolidated Balance Sheet.
On January 1, 2024, we adopted ASU 2023-02, Investments — Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method, which expanded the application of the proportional amortization method to certain tax equity investments. Our proportional amortization investments include tax equity investments related to the CRA, for which the primary return to us is the income tax credits and other income tax benefits we receive. We have elected to apply the proportional amortization method to qualifying tax equity investments within our LIHTC, NMTC, and HTC programs. Under the proportional amortization method, the costs of qualifying tax equity investments are amortized in proportion to the allocation of income tax credits and other income tax benefits in each period to the total income tax benefits expected to be obtained over the life of the investment, and the investment amortization and income tax credits are presented on a net basis as a component of income tax expense. Our proportional amortization investments are included within other assets on our Consolidated Balance Sheet. Our obligations related to unfunded commitments for our proportional amortization investments are included in accrued expenses and other liabilities on our Consolidated Balance Sheet. Income tax credits and other income tax benefits received are recorded in income tax expense of the Consolidated Statement of Income and in net income and as a component of operating activities within deferred income taxes, other assets, and other liabilities of the Consolidated Statement of Cash Flows.
Repossessed and Foreclosed Assets
Repossessed and Foreclosed Assets
Assets securing our finance receivables and loans are classified as repossessed and foreclosed and included in other assets on our Consolidated Balance Sheet at the earlier of when physical possession of the collateral is taken or legal title to the underlying collateral is received, which includes the transfer of title through foreclosure or other similar proceedings. Repossessed and foreclosed assets are initially recognized at the lower of the outstanding balance of the loan at the time of repossession or foreclosure or the fair value of the asset less estimated costs to sell. Losses on the initial revaluation of repossessed and foreclosed assets (and generally, declines in value shortly after repossession or foreclosure) are recognized as a charge-off of the allowance for loan losses. Subsequent declines in value are charged to other operating expenses.
Lease Accounting
Lease Accounting
At contract inception, we determine whether the contract is or contains a lease based on the terms and conditions of the contract. Refer to Investment in Operating Leases below for leases in which we are the lessor. Lease contracts for which we are the lessee are recognized on our Consolidated Balance Sheet as ROU assets and lease liabilities. Lease liabilities and their corresponding ROU assets are initially recorded based on the present value of the future lease payments over the expected lease term. We utilize our incremental borrowing rate, which is the rate we would incur to borrow on a collateralized basis over a similar term on an amount equal to the lease payments in a similar economic environment since the interest rate implicit in the lease contract is typically not readily determinable. The ROU asset also includes initial direct costs paid less lease incentives received from the lessor. Our lease contracts are generally classified as operating and, as a result, we recognize a single lease cost within other operating expenses on the income statement on a straight-line basis over the lease term.
Our leases primarily consist of property leases and fleet vehicle leases. Our property-lease agreements generally contain a lease component, which includes the right to use the real estate, and non-lease components, which generally include utilities and common area maintenance services. We elected the practical expedient to account for the lease and non-lease components in our property leases as a single lease component for recognition and measurement of our ROU assets and lease liabilities. Our property leases that include variable-rent payments made during the lease term that are not based on a rate or index, are excluded from the measurement of the ROU assets and lease liabilities, and are recognized as a component of variable lease expense as incurred. We have elected not to recognize ROU assets and lease liabilities on property leases with terms of one year or less. Our fleet vehicle leases also include a lease component, which includes the right to use the vehicle, and non-lease components, which include maintenance, fuel, and administrative services. However, we have elected to account for the lease and non-lease components in our fleet vehicle leases separately. Accordingly, the non-lease components are excluded from the measurement of the ROU asset and lease liability and are recognized as other operating expenses as incurred.
Investment in Operating Leases
Investment in operating leases, net, represents the vehicles that are underlying our automotive operating lease contracts where we are the lessor and is reported at cost, less accumulated depreciation and net of impairment charges, if any, and origination fees or costs. Depreciation of vehicles is recorded on a straight-line basis over the lease term to an amount that is generally equal to the estimated residual value plus any OEM residual value guarantee. Manufacturer support payments and tax credits that we receive are treated as a reduction to the cost-basis in the underlying operating lease asset, which has the effect of reducing depreciation expense over the life of the contract. Income from
operating lease assets including lease origination fees, net of lease origination costs, is recognized as operating lease revenue on a straight-line basis over the scheduled lease term. We have elected to exclude sales taxes collected from the lessee from our consideration in the lease contract and from variable lease payments that are not included in contract consideration. We accrue rental income on our operating leases when collection is reasonably assured. We generally discontinue the accrual of revenue on operating leases at the time an account is determined to be uncollectible, which we determine to be the earliest of (i) the time of repossession, (ii) within 60 days of bankruptcy notification, unless it can be clearly demonstrated that repayment is likely to occur, or (iii) greater than 120 days past due.
We have significant investments in the residual values of the assets in our operating lease portfolio. The residual values represent an estimate of the values of the assets at the end of the lease contracts. At contract inception, pricing is determined based on the projected residual value of the leased vehicle. This evaluation is primarily based on a proprietary model, which includes variables such as age, expected mileage, seasonality, segment factors, vehicle type, economic indicators, production cycle, automotive manufacturer incentives, and shifts in used vehicle supply. This internally generated data is compared against third-party, independent data for reasonableness. Realization of the residual values is dependent on our future ability to market the vehicles under the prevailing market conditions and in consideration of any OEM residual value guarantees. Over the life of the lease, we may adjust depreciation rates on lease assets based on changes to estimated residual values of the leased vehicles at lease termination. We generally do not depreciate to amounts greater than the lessee purchase price established at origination. We also evaluate the carrying value of our operating lease assets for impairment when we determine an impairment indicator exists. Impairment indicators consider various triggering events, market considerations, and portfolio characteristics. If an impairment indicator exists and the expected undiscounted future cash flows, including remaining lease payments, estimated residual values, and OEM residual guarantees, is less than the carrying amounts of the asset group then we measure the impairment amount. Impairment is measured as the amount by which the carrying value of the operating lease assets exceeds their fair value as estimated by discounted cash flows. No impairment was recognized in 2025, 2024, or 2023.
When a leased vehicle is returned to us, either at the end of the lease term or through repossession, the asset is reclassified from investment in operating leases, net, to other assets and recorded at the lower-of-cost or estimated fair value, less costs to sell, on our Consolidated Balance Sheet. Any losses recognized at this time are recorded as depreciation expense. Subsequent decline in value and any gain or loss recognized at the time of sale is recognized as a remarketing gain or loss and presented as a component of depreciation expense.
Impairment of Long-lived Assets
Impairment of Long-lived Assets
The net carrying values of long-lived assets (including property and equipment) are evaluated for impairment whenever events or changes in circumstances indicate that their net carrying values may exceed undiscounted future net cash flows. Long-lived assets are considered impaired when the carrying amount is deemed unrecoverable and the carrying amount exceeds fair value. Recoverability is measured by comparing the net carrying amount to future net undiscounted cash flows expected to be generated by the assets. If these assets are considered to be impaired, the impairment is measured as the amount by which the net carrying amount of the assets exceeds the fair value using a discounted cash flow method. No material impairment was recognized in 2025, 2024, or 2023.
An impairment test on an asset group to be sold or otherwise disposed of, is performed upon occurrence of a triggering event or when certain criteria are met (for example, the asset is planned to be disposed of within 12 months, appropriate levels of authority have approved the sale, there is an active program to locate a buyer, etc.), which cause the disposal group to be classified as held-for-sale. Long-lived assets held-for-sale are recorded at the lower of their carrying amount or estimated fair value less cost to sell. If the net carrying value of the assets held-for-sale exceeds the fair value less cost to sell, we recognize an impairment loss based on the excess of the net carrying amount over the fair value of the assets less cost to sell.
Property and Equipment
Property and Equipment
Property and equipment stated at cost, net of accumulated depreciation and amortization, are reported in other assets on our Consolidated Balance Sheet. Buildings, furniture and fixtures, leasehold improvements, IT hardware and software, and assets under construction are among the types of items included in property and equipment. We begin depreciating these assets when they are ready for their intended use, except for assets under construction, which begin depreciating when they are ready to be placed into service. Depreciation is recorded on a straight-line basis over the estimated useful lives of the assets, which generally ranges from three to thirty years, depending on the asset class. Capitalized software is generally amortized on a straight-line basis over its useful life, which generally ranges from three to five years. Capitalized software that is not expected to provide substantive service potential or for which development costs significantly exceed the amount originally expected is considered impaired and written down to fair value. Software expenditures that are considered general, administrative, or of a maintenance nature are expensed as incurred.
Goodwill and Other Intangibles
Goodwill and Other Intangibles
Goodwill and intangible assets, net of accumulated amortization, are reported in other assets in our Consolidated Balance Sheet.
Our intangible assets primarily consist of developed technology and acquired customer relationships, and are amortized using a straight-line methodology over their estimated useful lives. We review intangible assets with a definite useful life for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. If it is determined the carrying amount of the asset is not recoverable, an impairment charge is recorded.
Goodwill represents the excess of the cost of an acquisition over the fair value of net assets acquired, including identifiable intangibles. We allocate goodwill to applicable reporting units based on the relative fair value of the other net assets allocated to those reporting units at
the time of the acquisition. In the event we restructure our business, we may reallocate goodwill. We test goodwill for impairment annually as of July 31 of each year, or more frequently if events and changes in circumstances indicate that it is more likely than not that impairment exists. In certain situations, we may perform a qualitative assessment to test goodwill for impairment. We may also decide to bypass the qualitative assessment and perform a quantitative assessment. If we perform the qualitative assessment to test goodwill for impairment and conclude that it is more likely than not that the reporting unit’s fair value is greater than its carrying value, then the quantitative assessment is not required. However, if we perform the qualitative assessment and determine that it is more likely than not that a reporting unit’s fair value is less than its carrying value, then we must perform the quantitative assessment. The quantitative assessment requires us to compare the fair value of each of the reporting units to their respective carrying value. The fair value of the reporting units in our quantitative assessment is determined based on various analyses including discounted cash flow projections using assumptions a market participant would use. If the fair value of a reporting unit exceeds its carrying amount, goodwill is not considered impaired. If the carrying amount of a reporting unit exceeds its fair value, a goodwill impairment loss is recorded for the excess of the carrying value of the reporting unit over its fair value.
Unearned Insurance Premiums and Service Revenue
Unearned Insurance Premiums and Service Revenue
Insurance premiums, net of premiums ceded to reinsurers, and service revenue are earned over the terms of the policies. The portion of premiums and service revenue written applicable to the unexpired terms of the policies is recorded as unearned insurance premiums or unearned service revenue. For vehicle service, GAP, and maintenance contracts, premiums and service revenues are earned on a basis proportionate to the anticipated cost emergence.
Deferred Insurance Policy and Service Contract Acquisition Costs
Deferred Insurance Policy and Service Contract Acquisition Costs
Incremental direct costs incurred to originate a policy or service contract are deferred and recorded in premiums receivable and other insurance assets on our Consolidated Balance Sheet. These costs primarily include commissions paid to dealers to originate these policies or service contracts and vary with the production of business. Deferred policy and service contract acquisition costs are amortized over the terms of the related policies and service contracts on the same basis as premiums and service revenue are earned. We group costs incurred for acquiring like contracts and consider anticipated investment income in determining the recoverability of these costs.
Reserves for Insurance Losses and Loss Adjustment Expenses
Reserves for Insurance Losses and Loss Adjustment Expenses
Reserves for insurance losses and loss adjustment expenses are reported in accrued expenses and other liabilities on our Consolidated Balance Sheet. They are established for the unpaid cost of insured events that have occurred at a point in time. More specifically, the reserves for insurance losses and loss adjustment expenses represent the accumulation of estimates for both reported losses and those incurred, but not reported, including loss adjustment expenses relating to direct insurance and assumed reinsurance agreements.
We use a combination of methods commonly used in the insurance industry, including the chain ladder development factor, expected loss, BF, and frequency and severity methods to determine the ultimate losses for an individual business line as well as accident year basis depending on the maturity of the accident period and business-line specifics. These methodologies are based on different assumptions and use various inputs to develop alternative estimates of losses. The chain ladder development factor is used for more mature years while the expected loss, BF, and frequency and severity methods are used for less mature years. Both paid and incurred loss and loss adjustment expenses are reviewed where available and a weighted average of estimates or a single method may be considered in selecting the final estimate for an individual accident period. We did not change our methodology for developing reserves for insurance losses for the year ended December 31, 2025.
Estimates for salvage and subrogation recoverable are recognized in accordance with historical patterns and netted against the provision for insurance losses and loss adjustment expenses. Reserves are established for each product-type at the lowest meaningful level of homogeneous data. Since the reserves are based on estimates, the ultimate liability may vary from these estimates. The estimates are regularly reviewed and adjustments, which can potentially be significant, are included in earnings in the period in which they are deemed necessary.
Legal and Regulatory Reserves
Legal and Regulatory Reserves
Liabilities for legal and regulatory matters are accrued and established when those matters present loss contingencies that are both probable and estimable, with a corresponding amount recorded to other operating expenses in our Consolidated Statement of Income. In cases where we have an accrual for losses, we include an estimate for probable and estimable legal expenses related to the case. If, at the time of evaluation, the loss contingency related to a legal or regulatory matter is not both probable and estimable, we do not establish a liability for the contingency. We continue to monitor legal and regulatory matters for further developments that could affect the requirement to establish a liability or that may impact the amount of a previously established liability. There may be exposure to loss in excess of any amounts recognized. For certain other matters where the risk of loss is determined to be reasonably possible, estimable, and material to the financial statements, disclosure regarding details of the matter and an estimated range of loss is required. The estimated range of possible loss does not represent our maximum loss exposure. We also disclose matters that are deemed probable or reasonably possible, material to the financial statements, but for which an estimated range of loss is not possible to determine. While we believe our reserves are adequate, the outcome of legal and regulatory proceedings is extremely difficult to predict, and we may settle claims or be subject to judgments for amounts that differ from our estimates.
Earnings per Common Share
Earnings per Common Share
We compute basic earnings per common share by dividing net income from continuing operations attributable to common shareholders after deducting dividends on preferred stock by the weighted-average number of common shares outstanding during the period. We compute diluted earnings per common share by dividing net income from continuing operations after deducting dividends on preferred stock by the weighted-average number of common shares outstanding during the period plus the dilution resulting from incremental shares that would have been outstanding if dilutive potential common shares had been issued (assuming it does not have the effect of antidilution), if applicable.
Derivative Instruments and Hedging Activities
Derivative Instruments and Hedging Activities
We use derivative instruments primarily for risk management purposes. We do not use derivative instruments for speculative purposes. Certain of our derivative instruments are designated as accounting hedges in qualifying relationships, whereas other derivative instruments have not been designated as accounting hedges. In accordance with applicable accounting standards, all derivative instruments, whether designated as accounting hedges or not, are recorded on the balance sheet as assets or liabilities and measured at fair value. We have elected to report the fair value of derivative assets and liabilities on a gross basis—including the fair value for the right to reclaim cash collateral or the obligation to return cash collateral—arising from instruments executed with the same counterparty under a master netting arrangement where we do not have the intent to offset. The right to claim cash collateral is reported in other assets on our Consolidated Balance Sheet. The obligation to return cash collateral is reported in accrued expenses and other liabilities on our Consolidated Balance Sheet. For additional information on derivative instruments and hedging activities, refer to Note 21.
At the inception of a qualifying hedge accounting relationship, we designate each qualifying relationship as a hedge of the fair value of a specifically identified asset or liability or portfolio of assets (fair value hedge); as a hedge of the variability of cash flows to be received or paid, or forecasted to be received or paid, related to a recognized asset or liability (cash flow hedge); or as a hedge of the foreign-currency exposure of a net investment in a foreign operation (net investment hedge). We formally document all relationships between hedging instruments and hedged items, as well as the risk management objectives for undertaking such hedge transactions. Both at hedge inception and on an ongoing basis, we formally assess whether the derivatives that are used in hedging relationships are highly effective in offsetting changes in fair values or cash flows of hedged items.
Changes in the fair value of derivative instruments qualifying as fair value hedges, along with the gain or loss on the hedged asset or liability attributable to the hedged risk, are recorded in current period earnings. For non-portfolio layer method hedges, the hedge basis (the amount of the change in fair value) is added to (or subtracted from) the carrying amount of the hedged item. For portfolio layer method hedges, the hedge basis does not adjust the carrying value of the hedged item and is instead maintained on a closed portfolio basis. For qualifying cash flow hedges, changes in the fair value of the derivative financial instruments are recorded in accumulated other comprehensive income and recognized in the income statement when the hedged cash flows affect earnings. For a qualifying net investment hedge, the gain or loss is reported in accumulated other comprehensive income as part of the cumulative translation adjustment.
Hedge accounting treatment is no longer applied if a derivative financial instrument is terminated, the hedge designation is removed, or the derivative instrument is assessed to no longer be highly effective. For terminated fair value hedges, the hedge basis remains as part of the basis of the hedged asset or liability and is recognized into income over the remaining life of the asset or liability. For terminated portfolio layer method hedges, the hedge basis associated with the discontinued portion of the hedged item is allocated to the remaining individual assets within the closed portfolio that supported the discontinued hedged layer and is recognized into income over the remaining life of those assets. For terminated cash flow hedges, the changes in fair value of the derivative instrument remain in accumulated other comprehensive income and are recognized in the income statement when the hedged cash flows affect earnings. However, if it is probable that the forecasted cash flows will not occur within a specified period, any changes in fair value of the derivative financial instrument remaining in accumulated other comprehensive income are reclassified into earnings immediately. Any previously recognized gain or loss for a net investment hedge continues to remain in accumulated other comprehensive income until earnings are impacted by a sale or liquidation of the associated foreign operation. In all instances, after hedge accounting is no longer applied, any subsequent changes in fair value of the derivative instrument will be recorded into earnings.
Changes in the fair value of derivative financial instruments held for risk management purposes that are not designated as accounting hedges under U.S. GAAP (economic hedges) are reported in current period earnings.
Income Taxes
Income Taxes
Our income tax expense, deferred tax assets and liabilities, and reserves for unrecognized tax benefits reflect our best assessment of estimated current and future taxes to be paid. We are subject to income taxes predominantly in the United States. Significant judgments and estimates are required in determining the consolidated income tax expense.
Deferred income taxes arise from temporary differences between the tax and financial statement recognition of revenue and expense. Deferred tax assets are reduced by a valuation allowance, if based on the weight of all available evidence, it is more likely than not, that some or all of the deferred tax assets will not be realized.
We use the portfolio approach with respect to reclassification of stranded income tax effects in accumulated other comprehensive income.
Our ITCs are generally accounted for using the deferral method and recognized as a reduction of the corresponding asset value. However, ITCs that qualify for proportional amortization treatment are accounted for using the flow-through method and are recognized as a reduction to current income tax expense.
We recognize the financial statement effects of uncertain income tax positions when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Also, we recognize accrued interest and penalties related to liabilities for uncertain income tax positions in interest expense and other operating expenses, respectively.
Share-based Compensation
Share-based Compensation
Our compensation and benefits expenses include the cost of share-based awards issued to employees. For equity classified share-based awards, compensation cost is ratably charged to expense based on the grant date fair value of the awards over the applicable service periods. Liability classified share-based awards are measured quarterly at fair value based on our share price. Compensation cost related to liability classified awards is ratably charged to expense based on the fair value at each reporting date. We have made an accounting policy election to account for forfeitures of share-based awards as they occur.
Foreign Exchange
Foreign Exchange
Foreign-denominated assets and liabilities resulting from foreign-currency transactions are valued using period-end foreign-exchange rates and the results of operations and cash flows are determined using approximate weighted average exchange rates for the period. Translation adjustments are related to foreign subsidiaries using local currency as their functional currency and are reported as a separate component of accumulated other comprehensive income. Translation gains or losses are reclassified to earnings upon the substantial sale or liquidation of our investments in foreign operations. We may elect to enter into foreign-currency derivatives to mitigate our exposure to changes in foreign-exchange rates. Refer to the Derivative Instruments and Hedging Activities section above for a discussion of our hedging activities of the foreign-currency exposure of a net investment in a foreign operation.
Recently Adopted Accounting Standards and Recently Issued Accounting Standards
Recently Adopted Accounting Standards
Improvements to Income Tax Disclosures (ASU 2023-09)
In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The purpose of this guidance is to enhance the rate reconciliation and income taxes paid disclosures. This ASU requires that an entity disclose, on an annual basis, specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. For the state and local income tax category of the rate reconciliation, entities must disclose a qualitative description of the states and local jurisdictions that make up the majority (greater than 50 percent) of the category. For the income taxes paid disclosures, entities are required to disclose, on an annual basis, the amount of income taxes paid (net of refunds received) disaggregated by federal, state, and foreign taxes. We adopted the amendments effective for annual reporting beginning January 1, 2025, using the retrospective approach. The impact of these amendments was not material.
Recently Issued Accounting Standards
Expense Disaggregation Disclosures (ASU 2024-03)
In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income (Subtopic 220-40): Expense Disaggregation Disclosures. The purpose of this ASU is to provide additional disclosure that will allow investors to better understand an entity’s performance, better assess an entity’s prospects for future cash flows, and more easily compare an entity’s performance over time and in relation to other similar entities. This ASU will require that an entity disclose, on an interim and annual basis, a disaggregation in the notes to the financial statements of certain income statement line items if the line item includes any of the five required expense categories, which are defined as (1) purchases of inventory, (2) employee compensation, (3) depreciation (including amortization of a finance ROU asset and leasehold improvements), (4) intangible asset amortization, and (5) depletion expense. For the “employee compensation” category, banking entities may continue to present compensation expense on the face of the income statement in accordance with Regulation S-X Rule 210.9-04. The disclosure should include a qualitative description of other expenses included within the income statement line item that are otherwise not disaggregated. This ASU will also require entities to disclose their total selling expenses for each reporting period. Selling expenses are not defined within the ASU, which will require entities to determine and disclose how they define selling expenses on an annual basis. The amendments are effective on January 1, 2027, for annual reporting, and for interim reporting thereafter, with early adoption permitted. The amendments must be applied using either a prospective or retrospective approach. We do not expect the impact of these amendments to be material.
Targeted Improvements to the Accounting for Internal-Use Software (ASU 2025-06)
In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. The purpose of this ASU is to improve the accounting for internal-use software costs by aligning the accounting with modern software development processes. This ASU removes all references to sequential software development project stages from U.S. GAAP, but does not change the types of costs that are eligible to be capitalized. Under the updated guidance, entities will be required to begin capitalizing software project costs when (1) management has authorized and committed to funding the software project and (2) it is probable that the project will be completed, and the software will be used to perform the function intended (called the “probable-to-complete” threshold). When evaluating whether the probable-to-complete threshold is met, entities must consider whether there is significant development uncertainty associated with the software, including determining whether the software project contains technological innovations or novel, unique, or unproven functions or features. Entities should also consider if there are significant performance requirements (e.g., functions or features) of the software project that have not yet been identified or continue to be substantially revised. The amendments do not define what is considered “significant” and instead will require management judgment. The amendments are effective January 1, 2028, with early adoption permitted. The amendments can be applied using a prospective approach, a retrospective approach, or a modified approach that bases the adoption of the amendments on the completion status of the software project as of the adoption date. We are currently evaluating the impact of these amendments.
Purchased Loans (ASU 2025-08)
In November 2025, the FASB issued ASU 2025-08, Financial Instruments—Credit Losses (Topic 326): Purchased Loans. This ASU expands the gross-up approach applied to PCD financial assets to loans that are purchased and considered seasoned, excluding credit card loans, debt securities, and trade receivables accounted for under the revenue recognition guidance. Under the expanded gross-up approach, the amortized cost basis for a seasoned loan receivable will be the purchase price plus the initial measurement of the allowance for loan losses, on the acquisition date. Any remaining discount embedded in the purchase price will be amortized into interest income over the term of the loan. The purchased seasoned loan designation would be evaluated on a loan-by-loan basis. Loans acquired in a business combination would be considered seasoned. For a loan acquired through an asset transfer or by consolidating a VIE, the acquisition must be at least 90 days after loan origination and the acquirer must not have been involved in originating the loan for the loan to be considered seasoned. The amendments are effective January 1, 2027, with early adoption permitted and must be adopted on a prospective basis. We are currently evaluating the impact of these amendments.
Revenue from Contracts with Customers
The following is a description of our primary revenue sources that are derived from contracts with customers. Revenue from contracts with customers is recognized when control of the promised goods or services is transferred to our customers, and in an amount that reflects the consideration that we expect to receive in exchange for those goods or services. For information regarding our revenue recognition policies outside the scope of the revenue recognition principles of ASC Topic 606, Revenue from Contracts with Customers, refer to Note 1.
•Noninsurance contracts — We sell VSCs that offer owners mechanical repair protection and roadside assistance for new and used vehicles beyond the manufacturer’s new vehicle limited warranty. We sell GAP contracts that protect the customer against having
to pay certain amounts to a lender above the fair market value of their vehicle if the vehicle is damaged and declared a total loss or stolen. We also sell VMCs that provide coverage for certain agreed-upon services, such as oil changes and tire rotations, over the coverage period. We receive payment in full at the inception of each of these contracts. Our performance obligation for these contracts is satisfied over the term of the contract and we recognize revenue over the contract term on a basis proportionate to the anticipated incurrence of costs, as we believe this is the most appropriate method to measure progress towards satisfaction of the performance obligation. This revenue is recorded within insurance premiums and service revenue earned in our Consolidated Statement of Income, while associated cancellation and transfer fees are recorded as other income.
•Sale of off-lease vehicles — When a customer’s vehicle lease matures, the customer generally has the option of purchasing or returning the vehicle. If the vehicle is returned to us, we obtain possession with the intent to sell through SmartAuction—our online auction platform, our dealer channel, or through various other physical auctions. Our performance obligation is satisfied and the remarketing gain or loss is recognized when control of the vehicle has passed to the buyer, which coincides with the sale date. Our actual sales proceeds from remarketing the vehicle may be higher or lower than the estimated residual value, after adjusting for any OEM residual value guarantees, resulting in a gain or loss on remarketing recorded through depreciation expense on operating lease assets in our Consolidated Statement of Income.
•Remarketing fee income — In addition to using SmartAuction as a remarketing channel for our returned lease vehicles, we maintain the SmartAuction internet auction site and administer the auction process for third-party use. We earn a service fee from dealers for every third-party vehicle sold through SmartAuction. Our performance obligation is to provide the online marketplace for used vehicle transactions to be consummated. This obligation is satisfied and revenue is recognized when control of the vehicle has passed to the buyer, which coincides with the sale date. This revenue is recorded as remarketing fees within other income in our Consolidated Statement of Income.
•Brokerage commissions and other revenues through Ally Invest — We charge fees to customers related to their use of certain services on our Ally Invest digital advisory and online brokerage platform. These fees include commissions on low-priced securities, option contracts, certain other security types, account service fees, account management fees on professional portfolio management services, and other ancillary fees. Commissions on customer-directed trades and account service fees are based on published fee schedules and are generated from a customer option to purchase the services offered under the contract. These options do not represent a material right and are only considered a contract when the customer executes their option to purchase these services. Based on this, the term of the contract does not extend beyond the services provided, and accordingly revenue is recognized upon the completion of our performance obligation, which we view as the successful execution of the trade or service. Revenue on professional portfolio management services is calculated monthly based upon a fixed percentage of the client’s assets under management. Due to the fact that this revenue stream is composed of variable consideration that is based on factors outside of our control, we have deemed this revenue as constrained and we are unable to estimate the initial transaction price at the inception of the contract. We have elected to use the practical expedient under U.S. GAAP to recognize revenue monthly based on the amount we are able to invoice the customer. Additionally, we earn revenue when we route customers’ orders to market makers, who then execute customers’ trades. The market makers compensate us for the right to fill the customers’ orders. We also earn revenue from a fee-sharing agreement with our clearing broker related to the interest fee income the clearing broker earns on customer cash balances, securities lending, and margin loans made to our customers. We concluded the initial transaction price is exclusively variable consideration and, based on the nature of our performance obligation to allow the clearing broker to collect interest fee income from cash deposits and customer loans from our customers, we are unable to determine the amount of revenue to be recognized until the total customer cash balance or the total interest income recognized on margin loans has been determined, which occurs monthly. These revenue streams are recorded as other income in our Consolidated Statement of Income.
•Brokered/agent commissions through Insurance operations — We have agreements with third parties to offer various vehicle protection products to consumers. We also have agreements with third-party insurers to offer various insurance coverages to dealers. Our performance obligation for these arrangements is satisfied when a customer or dealer has purchased a vehicle protection product or an insurance policy through the third-party provider. In determining the initial transaction price for these agreements, we noted that revenue on brokered/agent commissions is based on the volume of vehicle protection product contracts sold or a percentage of insurance premium written, which is not known to us at the inception of the agreements with these third-party providers. We concluded the initial transaction price is exclusively variable consideration and, based on the nature of the performance obligation, we are unable to determine the amount of revenue we will record until the customer purchases a vehicle protection product or a dealer purchases an insurance policy from the third-party provider. Once we are notified of vehicle protection product sales or insurance policies issued by the third-party providers, we record the commission earned as insurance premiums and service revenues earned in our Consolidated Statement of Income.
•Banking fees and interchange income — We charge depositors various account service fees including those for outgoing wires, excessive transactions, stop payments, and returned deposits. These fees are generated from a customer option to purchase services offered under the contract. These options do not represent a material right and are only considered a contract in accordance with the revenue recognition principles when the customer exercises their option to purchase these account services. Based on this, the term for our contracts with customers is considered day-to-day, and the contract does not extend beyond the services already provided. Revenue derived from deposit account fees is recorded at the point in time we perform the requested service, and is recorded as other income in our Consolidated Statement of Income. As a debit and credit card issuer, we also generated interchange fee income from merchants during debit and credit card transactions and incurred certain corresponding charges from merchant card networks.
For debit card transactions, our performance obligation is satisfied when we have initiated the payment of funds from a customer’s account to a merchant through our contractual agreements with the merchant card networks. For credit card transactions, our performance obligation was satisfied at the time each transaction was captured for settlement with the interchange networks. Interchange fees are reported net of processing fees and customer rewards as other income in our Consolidated Statement of Income.
•Other revenue — Other revenue primarily includes service revenue related to various account management functions and fee income derived from third-party lenders arranged through our online automotive lender exchange. These revenue streams are recorded as other income in our Consolidated Statement of Income.
Fair Value Measurements
The following are descriptions of the valuation methodologies used to measure material assets and liabilities at fair value and details of the valuation models, key inputs to those models, and significant assumptions utilized.
•Equity securities — We hold various marketable equity securities measured at fair value with changes in fair value recognized in net income. Measurements based on observable market prices are classified as Level 1.
•Available-for-sale securities — We carry our available-for-sale securities at fair value based on external pricing sources. We classify our securities as Level 1 when fair value is determined using quoted prices available for the same instruments trading in active markets. We classify our securities as Level 2 when fair value is determined using prices for similar instruments trading in active markets. We perform pricing validation procedures for our available-for-sale securities.
•Derivative instruments — We enter into a variety of derivative financial instruments as part of our risk-management strategies. Certain of these derivatives are exchange traded, such as equity options. To determine the fair value of these instruments, we utilize the quoted market prices for those particular derivative contracts; therefore, we classified these contracts as Level 1.
We also execute OTC and centrally cleared derivative contracts, such as interest rate swaps, foreign-currency denominated forward contracts, interest rate options, and agency to-be-announced securities. We utilize third-party-developed valuation models that are widely accepted in the market to value these derivative contracts. The specific terms of the contract and market observable inputs (such as interest rate forward curves, interpolated volatility assumptions, or equity pricing) are used in the model. We classified these derivative contracts as Level 2 because all significant inputs into these models were market observable.
We also entered into interest rate lock commitments and forward commitments that were executed as part of our mortgage operations, certain of which met the accounting definition of a derivative and therefore were recorded as derivatives on our Consolidated Balance Sheet. Interest rate lock commitments were valued with unobservable inputs, so they are classified as Level 3. Certain forward commitments are Level 2 and others are Level 3 depending on the valuation model inputs.
We purchase automotive finance receivables and loans from third parties as part of forward flow arrangements and, from time-to-time, execute opportunistic ad-hoc bulk purchases. As part of those agreements, we may be required to pay the counterparty at agreed upon measurement dates and determinable amounts if actual credit performance of the acquired loans on the measurement date is better than what was estimated at the time of acquisition. Because these contracts meet the accounting definition of a derivative, we recognize a liability at fair value for these deferred purchase price payments. The fair value of these liabilities is determined using a discounted cash flow method. To estimate cash flows, we utilize various significant assumptions, including market observable inputs (for example, forward interest rates) and internally developed inputs (for example, prepayment speeds, delinquency levels, and expected credit losses). These liabilities are valued using internal loss models with unobservable inputs, and are classified as Level 3.
We are required to consider all aspects of nonperformance risk, including our own credit standing, when measuring fair value of derivative assets and liabilities. We reduce credit risk on the majority of our derivatives by entering into legally enforceable agreements that enable the posting and receiving of collateral associated with the fair value of our derivative positions on an ongoing basis. In the event that we do not enter into legally enforceable agreements that enable the posting and receiving of collateral, we will consider our credit risk in the valuation of derivative liabilities through a DVA and the credit risk of our counterparties in the valuation of derivative assets through a CVA, if warranted. When measuring these valuation adjustments, we generally use credit default swap spreads.
v3.25.4
Revenue from Contracts with Customers (Tables)
 12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table presents a disaggregated view of our revenue from contracts with customers included in other revenue that falls within the scope of the revenue recognition principles of ASC Topic 606, Revenue from Contracts with Customers.
Year ended December 31, ($ in millions)
Automotive Finance operationsInsurance operationsCorporate Finance operationsCorporate and OtherConsolidated
2025
Revenue from contracts with customers
Noninsurance contracts (a) (b) (c)$— $966 $— $— $966 
Remarketing fee income116 — — — 116 
Brokerage commissions and other revenue— — — 82 82 
Banking fees and interchange income (d)— — — 39 39 
Brokered/agent commissions— 14 — — 14 
Other22 2 — 3 27 
Total revenue from contracts with customers
138 982 — 124 1,244 
All other revenue
251 614 104 (475)494 
Total other revenue (e)$389 $1,596 $104 $(351)$1,738 
2024
Revenue from contracts with customers
Noninsurance contracts (a) (b) (c)$— $909 $— $— $909 
Remarketing fee income112 — — — 112 
Brokerage commissions and other revenue— — — 88 88 
Banking fees and interchange income (d)— — — 47 47 
Brokered/agent commissions— 20 — — 20 
Other19 3 — — 22 
Total revenue from contracts with customers
131 932 — 135 1,198 
All other revenue232 575 123 39 969 
Total other revenue (e)$363 $1,507 $123 $174 $2,167 
2023
Revenue from contracts with customers
Noninsurance contracts (a) (b) (c)$— $686 $— $— $686 
Remarketing fee income117 — — — 117 
Brokerage commissions and other revenue— — — 89 89 
Banking fees and interchange income (d)— — — 44 44 
Brokered/agent commissions— 13 — — 13 
Other18 1 — — 19 
Total revenue from contracts with customers135 700 — 133 968 
All other revenue186 728 104 27 1,045 
Total other revenue (e)$321 $1,428 $104 $160 $2,013 
(a)We had opening balances of $3.0 billion in unearned revenue associated with outstanding contracts at January 1, 2025, 2024, and 2023, and $954 million, $973 million, and $973 million of these balances were recognized as insurance premiums and service revenue earned in our Consolidated Statement of Income during the years ended December 31, 2025, 2024, and 2023, respectively.
(b)At December 31, 2025, we had unearned revenue of $3.0 billion associated with outstanding contracts, and with respect to this balance we expect to recognize revenue of $857 million in 2026, $713 million in 2027, $560 million in 2028, $403 million in 2029, and $458 million thereafter. We had unearned revenue of $3.0 billion associated with outstanding contracts at both December 31, 2024, and 2023.
(c)We had deferred insurance assets of $1.8 billion at December 31, 2025, 2024, and 2023. We recognized $553 million, $577 million, and $580 million of expense during the years ended December 31, 2025, 2024, and 2023, respectively.
(d)Interchange income is reported net of customer rewards related to Ally Credit Card. Customer rewards expense was $6 million, $28 million, and $20 million for the years ended December 31, 2025, 2024, and 2023, respectively. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
(e)Represents a component of total net revenue. Refer to Note 26 for further information on our reportable operating segments.
v3.25.4
Insurance Premiums and Service Revenue (Tables)
 12 Months Ended
Dec. 31, 2025
Insurance Premiums and Service Revenue [Abstract]  
Schedule of Insurance Premiums and Service Revenue
The following table is a summary of insurance premiums and service revenue written and earned.
202520242023
Year ended December 31, ($ in millions)
WrittenEarnedWrittenEarnedWrittenEarned
Insurance premiums
Direct$748 $650 $622 $564 $476 $446 
Assumed90 112 122 113 93 68 
Gross insurance premiums838 762 744 677 569 514 
Ceded(328)(280)(275)(258)(265)(238)
Net insurance premiums510 482 469 419 304 276 
Service revenue993 968 1,003 994 971 995 
Insurance premiums and service revenue written and earned
$1,503 $1,450 $1,472 $1,413 $1,275 $1,271 
v3.25.4
Other Income, Net of Losses (Tables)
 12 Months Ended
Dec. 31, 2025
Other Nonoperating Income (Expense) [Abstract]  
Schedule of Other Income, by Component
Details of other income, net of losses, were as follows.
Year ended December 31, ($ in millions)
202520242023
Late charges and other administrative fees$154 $197 $198 
Remarketing fees116 112 117 
Income from equity-method investments (a)81 20 4 
Other, net333 329 263 
Total other income, net of losses (b)$684 $658 $582 
(a)Refer to Note 13 for further information on our equity-method investments.
(b)Includes the activity of Ally Credit Card prior to the sale on April 1, 2025, and Ally Lending prior to the sale on March 1, 2024. Refer to Note 2 for additional information on Ally Credit Card.
v3.25.4
Reserves for Insurance Losses and Loss Adjustment Expenses (Tables)
 12 Months Ended
Dec. 31, 2025
Short-Duration Insurance Contracts, Liability for Unpaid Claims and Allocated Claim Adjustment Expense, Net [Abstract]  
Schedule of Liability for Unpaid Claims and Claims Adjustment Expense and Rollforward of Our Reserves for Insurance Losses and Loss Adjustment Expenses
The following table shows incurred claims and allocated loss adjustment expenses, net of reinsurance.
For the years ended December 31, ($ in millions)
December 31, 2025
($ in millions)
(unaudited supplementary information)Total of incurred-but-not-reported liabilities plus expected development on reported claims (a)Cumulative number of reported claims (a)
Accident year2016201720182019202020212022202320242025
2016$326 $327 $328 $328 $328 $328 $328 $328 $328 $328 $— 476,057 
2017310 314 315 315 315 315 315 315 315 — 481,751 
2018271 272 272 273 273 272 273 273 — 506,455 
2019303 306 305 305 305 305 305 — 542,372 
2020343 339 339 339 340 340 — 494,553 
2021243 237 237 237 238 — 493,792 
2022258 267 269 276 3 514,330 
2023385 403 416 7 606,304 
2024488 493 17 659,618 
2025552 86 754,932 
Total
$3,536 
(a)Claims are reported on a claimant basis in a given accident year. Claimant is defined as one vehicle for GAP products, one repair for VSCs and VMCs, one dealership for dealer inventory products, and per individual/coverage for most other products.
The following table shows cumulative paid claims and allocated loss adjustment expenses, net of reinsurance.
For the years ended December 31, ($ in millions)
(unaudited supplementary information)
Accident year2016201720182019202020212022202320242025
2016$302 $327 $328 $328 $328 $328 $328 $328 $328 $328 
2017289 315 315 315 315 315315 315 315 
2018245 273 273 273 273272 273 273 
2019278 306 305 305305 305 305 
2020313 339 339340 340 340 
2021213 236237 237 237 
2022225260 265 271 
2023328 387 402 
2024390 462 
2025450 
Total3,383 
All outstanding liabilities for loss and allocated loss adjustment expenses before 2016, net of reinsurance8 
Reserves for insurance losses and allocated loss adjustment expenses, net of reinsurance
$161 
The following table shows a rollforward of our reserves for insurance losses and loss adjustment expenses.
($ in millions)202520242023
Total gross reserves for insurance losses and loss adjustment expenses at January 1,$189 $140 $119 
Less: Reinsurance recoverable60 66 72 
Net reserves for insurance losses and loss adjustment expenses at January 1,129 74 47 
Net insurance losses and loss adjustment expenses incurred related to:
Current year589 521 414 
Prior years (a)27 23 8 
Total net insurance losses and loss adjustment expenses incurred616 544 422 
Net insurance losses and loss adjustment expenses paid or payable related to:
Current year(484)(420)(354)
Prior years(97)(69)(41)
Total net insurance losses and loss adjustment expenses paid or payable(581)(489)(395)
Net reserves for insurance losses and loss adjustment expenses at December 31,164 129 74 
Plus: Reinsurance recoverable (b)69 60 66 
Total gross reserves for insurance losses and loss adjustment expenses at December 31, (c)$233 $189 $140 
(a)There have been no material adverse changes to the reserve for prior years.
(b)Included in premiums receivable and other insurance assets on our Consolidated Balance Sheet.
(c)Included in accrued expenses and other liabilities on our Consolidated Balance Sheet.
Schedule of Historical Claims Duration
The following table shows the average annual percentage payout of incurred claims by age, net of reinsurance. The information presented is unaudited supplementary information.
Year12345678910
Percentage payout of incurred claims
87.8 %11.0 %0.9 %0.3 %— %— %— %— %— %— %
Schedule of Short-Duration Insurance Contracts, Reconciliation of Claims Development to Liability
The following table shows a reconciliation of the disclosures of incurred and paid claims development to the reserves for insurance losses and loss adjustment expenses.
December 31, ($ in millions)
202520242023
Reserves for insurance losses and loss adjustment expenses, net of reinsurance
$161 $126 $71 
Total reinsurance recoverable on unpaid claims69 60 66 
Unallocated loss adjustment expenses3 3 3 
Total gross reserves for insurance losses and loss adjustment expenses$233 $189 $140 
v3.25.4
Other Operating Expenses (Tables)
 12 Months Ended
Dec. 31, 2025
Operating Expenses [Abstract]  
Schedule of Other Operating Cost and Expense, by Component
Details of other operating expenses were as follows.
Year ended December 31, ($ in millions)
202520242023
Insurance commissions$628 $647 $636 
Technology and communications429 438 436 
Advertising and marketing259 285 308 
Property and equipment depreciation243 224 196 
Lease and loan administration179 181 210 
Regulatory and licensing fees157 180 205 
Professional services145 147 145 
Vehicle remarketing and repossession129 129 116 
Amortization of intangible assets (a)3 19 25 
Other436 425 414 
Total other operating expenses (b)$2,608 $2,675 $2,691 
(a)Refer to Note 1 and Note 13 for further information on our intangible assets.
(b)Includes the activity of Ally Credit Card prior to the sale on April 1, 2025, and Ally Lending prior to the sale on March 1, 2024. Refer to Note 2 for additional information on Ally Credit Card.
v3.25.4
Investment Securities (Tables)
 12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investment Portfolio The amortized cost basis, fair value, and gross unrealized gains and losses on available-for-sale and held-to-maturity securities were as follows.
20252024
Amortized cost basisGross unrealized
Fair value
Amortized cost basisGross unrealized
Fair value
December 31, ($ in millions)
gainslossesgainslosses
Available-for-sale securities
Debt securities
U.S. Treasury and federal agencies$2,308 $22 $(51)$2,279 $2,073 $— $(200)$1,873 
U.S. States and political subdivisions624 1 (74)551 704 — (87)617 
Foreign government191 1 (4)188 198 1 (5)194 
Agency mortgage-backed residential (a)14,966 19 (2,084)12,901 16,765 — (3,112)13,653 
Mortgage-backed residential230 — (32)198 249 — (43)206 
Agency mortgage-backed commercial (a)5,540 14 (622)4,932 4,819 1 (836)3,984 
Asset-backed12 — — 12 131 — (2)129 
Corporate debt1,954 19 (61)1,912 1,871 3 (120)1,754 
Total available-for-sale securities (b) (c) (d) (e) (f)$25,825 $76 $(2,928)$22,973 $26,810 $5 $(4,405)$22,410 
Held-to-maturity securities
Debt securities
Agency mortgage-backed residential$1,303 $8 $(157)$1,154 $935 $— $(196)$739 
Mortgage-backed residential3,018 228 — 3,246 3,323 142 — 3,465 
Asset-backed retained notes50 1 — 51 88 1 — 89 
Total held-to-maturity securities (d) (f) (g)$4,371 $237 $(157)$4,451 $4,346 $143 $(196)$4,293 
(a)Fair value includes basis adjustments for securities in closed portfolios with active hedges under the portfolio layer method. This includes a $13 million asset and a $72 million liability for agency mortgage-backed residential securities at December 31, 2025, and December 31, 2024, respectively, and a $33 million asset and a $34 million liability for agency mortgage-backed commercial securities at December 31, 2025, and December 31, 2024. These basis adjustments would be allocated to the amortized cost basis of specific securities within the pool if the hedge was dedesignated. Refer to Note 21 for additional information.
(b)Certain available-for-sale securities are included in fair value hedging relationships. Refer to Note 21 for additional information.
(c)Certain entities related to our Insurance operations are required to deposit securities with state regulatory authorities. These deposited securities totaled $14 million and $13 million at December 31, 2025, and December 31, 2024, respectively.
(d)Investment securities with a fair value of $3.7 billion and $3.4 billion were pledged as collateral at December 31, 2025, and December 31, 2024, respectively. This primarily included $2.7 billion and $2.9 billion pledged to secure advances from the FHLB at December 31, 2025, and December 31, 2024, respectively. This also included securities pledged for other purposes as required by contractual obligations or law, under which agreements we granted the counterparty the right to sell or pledge $932 million and $439 million of the underlying available-for-sale securities at December 31, 2025, and December 31, 2024, respectively.
(e)Totals do not include accrued interest receivable, which was $87 million and $73 million at December 31, 2025, and December 31, 2024, respectively. Accrued interest receivable is included in other assets on our Consolidated Balance Sheet.
(f)There was no allowance for credit losses recorded at both December 31, 2025, and December 31, 2024, as management determined that there were no expected credit losses in our portfolio of available-for-sale and held-to-maturity securities.
(g)Totals do not include accrued interest receivable, which was $13 million and $12 million at December 31, 2025, and December 31, 2024, respectively. Accrued interest receivable is included in other assets on our Consolidated Balance Sheet.
Schedule of Investments Classified by Contractual Maturity Date
The maturity distribution of debt securities outstanding is summarized in the following tables based upon contractual maturities. Call or prepayment options may cause actual maturities to differ from contractual maturities.
TotalDue in one year or lessDue after one year through five yearsDue after five years through ten yearsDue after ten years
($ in millions)AmountYieldAmountYieldAmountYieldAmountYieldAmountYield
December 31, 2025
Fair value of available-for-sale securities (a)
U.S. Treasury and federal agencies$2,279 3.4 %$84 0.8 %$1,771 3.9 %$424 2.0 %$— — %
U.S. States and political subdivisions551 3.4 48 4.8 50 3.7 65 4.3 388 3.1 
Foreign government188 2.8 14 2.0 75 2.3 99 3.3 — — 
Agency mortgage-backed residential (b)12,901 2.9 — — 1 2.8 — — 12,900 2.9 
Mortgage-backed residential198 2.7 — — — — — — 198 2.7 
Agency mortgage-backed commercial (b)4,932 2.7 87 3.4 1,453 3.5 2,314 2.4 1,078 2.3 
Asset-backed12 1.5 — — 12 1.5 — — — — 
Corporate debt1,912 3.4 232 2.4 866 2.5 679 4.6 135 5.5 
Total available-for-sale securities$22,973 3.0 $465 2.5 $4,228 3.4 $3,581 2.9 $14,699 2.9 
Amortized cost basis of available-for-sale securities$25,825 $468 $4,298 $3,968 $17,091 
Amortized cost basis of held-to-maturity securities (c)
Agency mortgage-backed residential$1,303 3.5 %$— — %$— — %$— — %$1,303 3.5 %
Mortgage-backed residential3,018 2.8 — — 5 2.9 1 5.5 3,012 2.8 
Asset-backed retained notes
50 5.4 — — 35 5.3 15 5.7 — — 
Total held-to-maturity securities
$4,371 3.0 $— — $40 5.0 $16 5.7 $4,315 3.0 
December 31, 2024
Fair value of available-for-sale securities (a)
U.S. Treasury and federal agencies$1,873 1.6 %$54 1.0 %$1,087 1.5 %$732 1.9 %$— — %
U.S. States and political subdivisions617 3.4 33 6.2 72 3.1 86 4.1 426 3.2 
Foreign government194 2.7 33 2.1 51 2.5 110 2.9 — — 
Agency mortgage-backed residential (b)13,653 2.6 — — 7 2.0 23 2.5 13,623 2.6 
Mortgage-backed residential206 2.7 — — — — — — 206 2.7 
Agency mortgage-backed commercial (b)3,984 2.5 23 3.1 339 3.7 1,724 2.5 1,898 2.1 
Asset-backed129 1.5 — — 128 1.5 1 4.0 — — 
Corporate debt1,754 3.1 184 3.0 754 2.6 695 3.3 121 5.3 
Total available-for-sale securities$22,410 2.5 $327 2.3 $2,438 2.2 $3,371 2.6 $16,274 2.6 
Amortized cost basis of available-for-sale securities$26,810 $330 $2,579 $3,844 $20,057 
Amortized cost basis of held-to-maturity securities (c)
Agency mortgage-backed residential
$935 2.7 %$— — %$— — %$— — %$935 2.7 %
Mortgage-backed residential3,323 2.8 — — — — 9 3.1 3,314 2.8 
Asset-backed retained notes
88 5.4 — — 64 5.3 24 5.6 — — 
Total held-to-maturity securities
$4,346 2.9 $— — $64 5.3 $33 5.0 $4,249 2.8 
(a)Yield is calculated using the effective yield of each security at the end of the period, weighted based on the fair value by security for the securities within each maturity distribution range. The effective yield considers the contractual coupon and amortized cost basis inclusive of hedge basis adjustments for dedesignated hedges, and excludes expected capital gains and losses. Yield does not consider hedging effects for securities in active hedges.
(b)Fair value includes basis adjustments for securities in closed portfolios with active hedges under the portfolio layer method. This includes a $13 million asset and a $72 million liability for agency mortgage-backed residential securities at December 31, 2025, and December 31, 2024, respectively, and a $33 million asset and a $34 million liability for agency mortgage-backed commercial securities at December 31, 2025, and December 31, 2024, respectively. These basis adjustments would be allocated to the amortized cost basis of specific securities within the pool if the hedge was dedesignated. Refer to Note 21 for additional information.
(c)Yield is calculated using the effective yield of each security at the end of the period, weighted based on amortized cost basis by security for the securities within each maturity distribution range. The effective yield considers the contractual coupon and amortized cost basis and excludes capital gains, capital losses, and the premium or discount on securities transferred from available-for-sale to held-to-maturity.
Schedule of Investment Income
The following table presents interest and dividends on investment securities.
Year ended December 31, ($ in millions)
202520242023
Taxable interest$891 $952 $938 
Taxable dividends21 22 20 
Interest and dividends exempt from U.S. federal income tax23 22 22 
Interest and dividends on investment securities$935 $996 $980 
Schedule of Realized Gain (Loss)
The following table presents gross gains and losses realized upon the sales of available-for-sale securities, and net gains or losses on equity securities held during the period.
Year ended December 31, ($ in millions)
202520242023
Available-for-sale securities
Gross realized gains$5 $3 $5 
Gross realized losses (a)(496)— — 
Net realized (loss) gain on available-for-sale securities(491)3 5 
Net realized gain on equity securities79 75 32 
Net unrealized gain (loss) on equity securities51 (6)107 
Other (loss) gain on investments, net$(361)$72 $144 
(a)Includes losses reclassified from accumulated other comprehensive loss related to the balance sheet repositioning of our available-for-sale securities portfolio.
Schedule of Held to Maturity Debt Securities by Credit Quality
The following table presents the credit quality of our held-to-maturity securities, based on the latest available information as of December 31, 2025, and December 31, 2024. The credit ratings are sourced from nationally recognized statistical rating organizations, which include S&P, Moody’s, Fitch, and DBRS. The ratings presented are a composite of the ratings sourced from the agencies or, if the ratings cannot be sourced from the agencies, are based on the asset type of the particular security. All our held-to-maturity securities were current in their payment of principal and interest as of both December 31, 2025, and December 31, 2024. We have not recorded any interest income reversals on our held-to-maturity securities during the years ended December 31, 2025, or December 31, 2024.
December 31, ($ in millions)
AAAAAABBBTotal (a)
2025
Debt securities
Agency mortgage-backed residential$— $1,303 $— $— $1,303 
Mortgage-backed residential2,951 66 1 — 3,018 
Asset-backed retained notes45 2 2 1 50 
Total held-to-maturity securities$2,996 $1,371 $3 $1 $4,371 
2024
Debt securities
Agency mortgage-backed residential$— $935 $— $— $935 
Mortgage-backed residential3,241 78 4 — 3,323 
Asset-backed retained notes81 3 2 2 88 
Total held-to-maturity securities$3,322 $1,016 $6 $2 $4,346 
(a)Rating agencies indicate that they base their ratings on many quantitative and qualitative factors, which may include capital adequacy, liquidity, asset quality, business mix, level and quality of earnings, and the current operating, legislative, and regulatory environment. A credit rating is not a recommendation to buy, sell, or hold securities, and the ratings are subject to revision or withdrawal at any time by the assigning rating agency.
Schedule of Available-for-Sale Securities in Unrealized Loss Position
The following table summarizes available-for-sale securities in an unrealized loss position, which we evaluated to determine if a credit loss exists requiring the recognition of an allowance for credit losses. For additional information on our methodology, refer to Note 1. We have not recorded any interest income reversals on our available-for-sale securities during the years ended December 31, 2025, or December 31, 2024.
20252024
Less than 12 months12 months or longerLess than 12 months12 months or longer
December 31, ($ in millions)
Fair value
Unrealized loss
Fair value
Unrealized loss
Fair valueUnrealized lossFair valueUnrealized loss
Available-for-sale securities
Debt securities
U.S. Treasury and federal agencies$— $— $609 $(51)$— $— $1,873 $(200)
U.S. States and political subdivisions24 — 429 (74)87 (2)472 (85)
Foreign government51 (1)72 (3)40 — 112 (5)
Agency mortgage-backed residential (a)120 — 10,310 (2,084)127 (3)13,518 (3,109)
Mortgage-backed residential— — 198 (32)— — 206 (43)
Agency mortgage-backed commercial (a)299 (1)3,629 (621)428 (11)3,445 (825)
Asset-backed— — 12 — — — 124 (2)
Corporate debt86 (1)1,123 (60)265 (6)1,319 (114)
Total available-for-sale securities
$580 $(3)$16,382 $(2,925)$947 $(22)$21,069 $(4,383)
(a)Includes basis adjustments for certain securities that are included in closed portfolios with active hedges under the portfolio layer method at December 31, 2025, and December 31, 2024. The basis adjustments would be allocated to the amortized cost basis of specific securities within the pool if the hedge was dedesignated. Refer to Note 21 for additional information.
v3.25.4
Finance Receivables and Loans, Net (Tables)
 12 Months Ended
Dec. 31, 2025
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
The composition of finance receivables and loans reported at amortized cost basis was as follows.
December 31, ($ in millions)
20252024
Consumer automotive (a)$85,568 $83,757 
Consumer mortgage (b)15,572 17,234 
Consumer other (c)— 2,294 
Total consumer101,140 103,285 
Commercial
Commercial and industrial
Automotive18,339 18,259 
Other10,309 8,212 
Commercial real estate7,666 6,274 
Total commercial36,314 32,745 
Total finance receivables and loans (d) (e)$137,454 $136,030 
(a)Certain finance receivables and loans are included in fair value hedging relationships. Refer to Note 21 for additional information.
(b)Includes loans originated as interest-only mortgage loans of $2 million and $12 million at December 31, 2025, and December 31, 2024, respectively, of which all have exited the interest-only period.
(c)Consists of credit card finance receivables and loans. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information. Billed interest on our credit card loans was included within finance receivables and loans, net as of December 31, 2024.
(d)Totals include net unearned income, unamortized premiums and discounts, and deferred fees and costs of $2.4 billion and $2.3 billion at December 31, 2025, and December 31, 2024, respectively.
(e)Totals do not include accrued interest receivable, which was $800 million and $839 million at December 31, 2025, and December 31, 2024, respectively. Accrued interest receivable is included in other assets on our Consolidated Balance Sheet.
Schedule of Allowance for Credit Losses on Financing Receivables
The following tables present an analysis of the activity in the allowance for loan losses on finance receivables and loans for the years ended December 31, 2025, and 2024, respectively.
($ in millions)
Consumer automotiveConsumer mortgageConsumer other (a)CommercialTotal
Allowance at January 1, 2025$3,170 $19 $319 $206 $3,714 
Charge-offs (b)(2,610)(3)(68)(2)(2,683)
Recoveries946 8 5 4 963 
Net charge-offs(1,664)5 (63)2 (1,720)
Write-downs from transfers to held-for-sale (c)— (5)— — (5)
Provision for credit losses1,702 (6)(257)38 1,477 
Other (d)— (1)1 24 24 
Allowance at December 31, 2025
$3,208 $12 $— $270 $3,490 
(a)Consists of Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
(b)Refer to Note 1 for information regarding our charge-off policies.
(c)Consumer mortgage includes a $5 million reduction of allowance from the transfers of loans initially recorded as held-for-investment to held-for-sale during the year ended December 31, 2025.
(d)Commercial includes an initial allowance for loan losses of $24 million on PCD loans acquired during the year ended December 31, 2025.
($ in millions)
Consumer automotiveConsumer mortgageConsumer other (a)CommercialTotal
Allowance at January 1, 2024$3,083 $21 $293 $190 $3,587 
Charge-offs (b)(2,681)(2)(262)(3)(2,948)
Recoveries871 5 30 8 914 
Net charge-offs(1,810)3 (232)5 (2,034)
Write-downs from transfers to held-for-sale (c)(5)— — — (5)
Provision for credit losses1,902 (7)259 12 2,166 
Other— 2 (1)(1)— 
Allowance at December 31, 2024
$3,170 $19 $319 $206 $3,714 
(a)Consists of Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
(b)Refer to Note 1 for information regarding our charge-off policies.
(c)Consumer automotive includes a $5 million reduction of allowance from the completion of a retail securitization transaction during the year ended December 31, 2024, resulting in the deconsolidation of the assets and liabilities from our Consolidated Balance Sheet.
Schedule of Sales of Financing Receivables and Loans
The following table presents sales of finance receivables and loans and transfers of finance receivables and loans from held-for-investment to held-for-sale based on net carrying value.
Year ended December 31, ($ in millions)
20252024
Consumer automotive$— $1,108 
Consumer mortgage425 325 
Consumer other (a)2,248 —
Commercial117 298 
Total sales and transfers$2,790 $1,731 
(a)Consists of credit card finance receivables and loans. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
Schedule of Purchases of Financing Receivables and Loans
The following table presents purchases of finance receivables and loans based on unpaid principal balance at the time of purchase.
Year ended December 31, ($ in millions)
20252024
Consumer automotive$4,774 $3,243 
Consumer mortgage8 21
Commercial26 — 
Total purchases of finance receivables and loans$4,808 $3,264 
Schedule of Financing Receivables, Nonaccrual Status
The following tables present the amortized cost basis of our finance receivables and loans on nonaccrual status. All consumer or commercial finance receivables and loans that were 90 days or more past due were on nonaccrual status as of December 31, 2025, and December 31, 2024. Refer to Note 1 for additional information on our accounting policy for finance receivables and loans on nonaccrual status.
December 31, 2025
($ in millions)Nonaccrual status at Jan. 1, 2025Nonaccrual statusNonaccrual with no allowance (a)
Consumer automotive$1,231 $1,155 $416 
Consumer mortgage54 62 44 
Consumer other (b)90 — — 
Total consumer1,375 1,217 460 
Commercial
Commercial and industrial
Automotive15 15 15 
Other (c)94 124 — 
Commercial real estate2 10 10 
Total commercial111 149 25 
Total finance receivables and loans (d)$1,486 $1,366 $485 
(a)Represents a component of nonaccrual status at end of period.
(b)Consists of credit card finance receivables and loans. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
(c)Includes PCD loans acquired during the year ended December 31, 2025.
(d)We recorded interest income from cash payments associated with finance receivables and loans on nonaccrual status of $51 million for the year ended December 31, 2025.
December 31, 2024
($ in millions)Nonaccrual status at Jan. 1, 2024Nonaccrual statusNonaccrual with no allowance (a)
Consumer automotive$1,129 $1,231 $476 
Consumer mortgage54 54 36 
Consumer other (b)92 90 — 
Total consumer1,275 1,375 512 
Commercial
Commercial and industrial
Automotive18 15 — 
Other98 94 4 
Commercial real estate3 2 2 
Total commercial119 111 6 
Total finance receivables and loans (c)$1,394 $1,486 $518 
(a)Represents a component of nonaccrual status at end of period.
(b)Consists of credit card finance receivables and loans. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
(c)We recorded interest income from cash payments associated with finance receivables and loans on nonaccrual status of $17 million for the year ended December 31, 2024.
Schedule of Financing Receivable Credit Quality Indicators
The following tables present the amortized cost basis of our consumer finance receivables and loans by credit quality indicator based on delinquency status and origination year.
Origination yearRevolving loans converted to term
December 31, 2025 ($ in millions)
202520242023202220212020 and priorRevolving loansTotal
Consumer automotive
Current$33,588 $19,891 $12,759 $8,885 $4,253 $1,696 $— $— $81,072 
30–59 days past due483 638 632 600 339 137 — — 2,829 
60–89 days past due156 272 295 284 148 60 — — 1,215 
90 or more days past due55 99 103 101 59 29 — — 446 
Total consumer automotive (a)34,282 20,900 13,789 9,870 4,799 1,922 — — 85,562 
Consumer mortgage
Current— 15 28 1,690 9,117 4,618 — 7 15,475 
30–59 days past due— — 2 5 11 17 — — 35 
60–89 days past due— — — 1 6 7 — — 14 
90 or more days past due— — — 5 16 25 — 2 48 
Total consumer mortgage— 15 30 1,701 9,150 4,667 — 9 15,572 
Total consumer$34,282 $20,915 $13,819 $11,571 $13,949 $6,589 $— $9 $101,134 
(a)Certain consumer automotive loans are included in fair value hedging relationships. The amortized cost basis excludes an asset of $6 million related to basis adjustments for loans in closed portfolios with active hedges under the portfolio layer method at December 31, 2025. These basis adjustments would be allocated to the amortized cost basis of specific loans within the pool if the hedge was dedesignated. Refer to Note 21 for additional information.
Origination yearRevolving loans converted to term
December 31, 2024 ($ in millions)
202420232022202120202019 and priorRevolving loansTotal
Consumer automotive
Current$30,322 $20,387 $15,234 $8,368 $3,064 $1,849 $— $— $79,224 
30–59 days past due419 756 841 546 174 141 — — 2,877 
60–89 days past due131 338 390 240 75 56 — — 1,230 
90 or more days past due47 123 142 93 31 31 — — 467 
Total consumer automotive (a)30,919 21,604 16,607 9,247 3,344 2,077 — — 83,798 
Consumer mortgage
Current13 31 1,901 9,834 1,714 3,503 115 15 17,126 
30–59 days past due— — 7 9 5 27 — — 48 
60–89 days past due— — 4 4 1 4 — — 13 
90 or more days past due— 2 2 9 1 30 1 2 47 
Total consumer mortgage13 33 1,914 9,856 1,721 3,564 116 17 17,234 
Consumer other
Current— — — — — — 2,140 — 2,140 
30–59 days past due— — — — — — 35 — 35 
60–89 days past due— — — — — — 33 — 33 
90 or more days past due— — — — — — 86 — 86 
Total consumer other (b)— — — — — — 2,294 — 2,294 
Total consumer$30,932 $21,637 $18,521 $19,103 $5,065 $5,641 $2,410 $17 $103,326 
(a)Certain consumer automotive loans are included in fair value hedging relationships. The amortized cost basis excludes a liability of $41 million related to basis adjustments for loans in closed portfolios with active hedges under the portfolio layer method at December 31, 2024. These basis adjustments would be allocated to the amortized cost basis of specific loans within the pool if the hedge was dedesignated. Refer to Note 21 for additional information.
(b)Consists of credit card finance receivables and loans. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
The following tables present the amortized cost basis of our commercial finance receivables and loans by credit quality indicator based on risk rating and origination year.
Origination yearRevolving loans converted to term
December 31, 2025 ($ in millions)
202520242023202220212020 and priorRevolving loansTotal
Commercial
Commercial and industrial
Automotive
Pass$942 $391 $257 $266 $113 $86 $14,861 $— $16,916 
Special mention2 1 15 10 — 5 1,328 — 1,361 
Substandard1 1 — 1 — — 59 — 62 
Total automotive945 393 272 277 113 91 16,248 — 18,339 
Other
Pass757 594 173 306 215 166 6,647 191 9,049 
Special mention— 47 — 236 115 260 347 8 1,013 
Substandard— — — — 20 61 42 — 123 
Doubtful— — — — — 107 17 — 124 
Total other757 641 173 542 350 594 7,053 199 10,309 
Commercial real estate
Pass1,981 1,069 759 1,080 919 1,461 55 59 7,383 
Special mention— 45 44 67 45 61 — — 262 
Substandard— — 2 15 — 1 — — 18 
Doubtful— — 2 1 — — — — 3 
Total commercial real estate1,981 1,114 807 1,163 964 1,523 55 59 7,666 
Total commercial$3,683 $2,148 $1,252 $1,982 $1,427 $2,208 $23,356 $258 $36,314 
Origination yearRevolving loans converted to term
December 31, 2024 ($ in millions)
202420232022202120202019 and priorRevolving loansTotal
Commercial
Commercial and industrial
Automotive
Pass$522 $336 $337 $125 $64 $52 $15,005 $— $16,441 
Special mention3 38 15 25 3 1 1,694 — 1,779 
Substandard— — — — — — 33 — 33 
Doubtful— — — — — — 6 — 6 
Total automotive525 374 352 150 67 53 16,738 — 18,259 
Other
Pass707 296 261 199 18 205 5,047 84 6,817 
Special mention— — 394 280 186 76 226 32 1,194 
Substandard— 27 — 23 46 54 12 4 166 
Doubtful— — — — — 26 9 — 35 
Total other707 323 655 502 250 361 5,294 120 8,212 
Commercial real estate
Pass959 904 1,228 1,030 757 1,137 — 36 6,051 
Special mention6 51 69 57 35 3 — — 221 
Doubtful— — 1 — — 1 — — 2 
Total commercial real estate965 955 1,298 1,087 792 1,141 — 36 6,274 
Total commercial$2,197 $1,652 $2,305 $1,739 $1,109 $1,555 $22,032 $156 $32,745 
The following tables present gross charge-offs of our finance receivables and loans for each portfolio class by origination year during the years ended December 31, 2025, and 2024, respectively. Refer to Note 1 for additional information on our charge-off policy.
Origination yearRevolving loans converted to term
December 31, 2025 ($ in millions)
202520242023202220212020 and priorRevolving loansTotal
Consumer automotive$168 $564 $747 $660 $318 $153 $— $— $2,610 
Consumer mortgage (a)— — — 1 1 1 — — 3 
Consumer other (b)— — — — — — 64 4 68 
Total consumer168 564 747 661 319 154 64 4 2,681 
Commercial
Commercial and industrial
Automotive— — — — 1 — 1 — 2 
Total commercial— — — — 1 — 1 — 2 
Total finance receivables and loans$168 $564 $747 $661 $320 $154 $65 $4 $2,683 
(a)Excludes $5 million of write-downs from transfers to held-for-sale during the year ended December 31, 2025.
(b)Consists of Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
Origination yearRevolving loans converted to term
December 31, 2024 ($ in millions)
202420232022202120202019 and priorRevolving loansTotal
Consumer automotive (a)$160 $779 $943 $510 $137 $152 $— $— $2,681 
Consumer mortgage— — — 1 — 1 — — 2 
Consumer other (b)— — — — — — 246 16 262 
Total consumer160 779 943 511 137 153 246 16 2,945 
Commercial
Commercial and industrial
Automotive— — — — — 1 2 — 3 
Total commercial— — — — — 1 2 — 3 
Total finance receivables and loans$160 $779 $943 $511 $137 $154 $248 $16 $2,948 
(a)Excludes $5 million of write-downs from transfers to held-for-sale from the completion of a retail securitization transaction during the year ended December 31, 2024, resulting in the deconsolidation of the assets and liabilities from our Consolidated Balance Sheet.
(b)Consists of Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
Schedule of Past Due Financing Receivables
The following table presents an analysis of our past-due commercial finance receivables and loans recorded at amortized cost basis.
($ in millions)30–59 days past due60–89 days past due90 days or more past dueTotal past dueCurrentTotal finance receivables and loans
December 31, 2025
Commercial
Commercial and industrial
Automotive$— $— $— $— $18,339 $18,339 
Other— — 70 70 10,239 10,309 
Commercial real estate— — 3 3 7,663 7,666 
Total commercial$— $— $73 $73 $36,241 $36,314 
December 31, 2024
Commercial
Commercial and industrial
Automotive$5 $— $— $5 $18,254 $18,259 
Other35 — — 35 8,177 8,212 
Commercial real estate1 — 1 2 6,272 6,274 
Total commercial$41 $— $1 $42 $32,703 $32,745 
Schedule of Loan Modifications
The following tables present the amortized cost basis of loans that were modified subsequent to origination during the years ended December 31, 2025, 2024, and 2023, respectively, for each portfolio segment, by modification type. For additional information on loan modification types in scope of this disclosure, refer to Note 1. The below tables exclude consumer mortgage finance receivables and loans currently enrolled in a trial modification program. Trial modifications generally represent a three-month period during which the borrower makes monthly payments under the anticipated modified payment terms. If the borrower successfully completes the trial loan modification program, the contractual terms of the loan are updated and the modification is considered permanent. As of December 31, 2025, 2024, and 2023, there were $8 million, $4 million, and $5 million of consumer mortgage finance receivables and loans in a trial modification program, respectively.
Payment extensions
Year ended December 31, 2025
($ in millions)
Payment deferralsContractual maturity extensionsPrincipal forgivenessInterest rate concessionsCombinationTotal (a)
Consumer automotive$— $652 $8 $— $1 $661 
Consumer mortgage1 2 — 1 5 9 
Total consumer1 654 8 1 6 670 
Commercial
Commercial and industrial
Automotive— — — 11 — 11 
Other37 124 — — — 161 
Commercial real estate4 — — 7 — 11 
Total commercial41 124 — 18 — 183 
Total finance receivables and loans$42 $778 $8 $19 $6 $853 
(a)Represents 0.6% of total finance receivables and loans outstanding as of December 31, 2025.
Payment extensions
Year ended December 31, 2024
($ in millions)
Payment deferralsContractual maturity extensionsPrincipal forgivenessInterest rate concessionsCombinationTotal (a)
Consumer automotive$— $418 $5 $— $2 $425 
Consumer mortgage— 2 — — 1 3 
Consumer other (b)— — — 16 — 16 
Total consumer— 420 5 16 3 444 
Commercial
Commercial and industrial
Automotive2 — — 7 — 9 
Other— 168 — — 14 182 
Commercial real estate— — — — 1 1 
Total commercial2 168 — 7 15 192 
Total finance receivables and loans$2 $588 $5 $23 $18 $636 
(a)Represents 0.5% of total finance receivables and loans outstanding as of December 31, 2024.
(b)Consists of Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
Payment extensions
Year ended December 31, 2023
($ in millions)
Payment deferrals (a)Contractual maturity extensionsPrincipal forgivenessInterest rate concessionsCombinationTotal (b)
Consumer automotive$— $234 $13 $— $28 $275 
Consumer mortgage— 4 — — 4 8 
Consumer other (c)— — — 13 — 13 
Total consumer— 238 13 13 32 296 
Commercial
Commercial and industrial
Other36 46 — — — 82 
Total commercial36 46 — — — 82 
Total finance receivables and loans$36 $284 $13 $13 $32 $378 
(a)Includes a commercial and industrial loan within our Corporate Finance operations that was also granted a three-month contractual maturity extension during the year ended December 31, 2023.
(b)Represents 0.3% of total finance receivables and loans outstanding as of December 31, 2023.
(c)Consists of Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
Total commitments to lend additional funds to borrowers whose loans were modified during the years ended December 31, 2025, and 2024, were $50 million and $39 million as of December 31, 2025, and 2024, respectively.
The following tables present the financial effect of loan modifications that occurred during the years ended December 31, 2025, 2024, and 2023, respectively.
Payment extensions (a)Principal forgivenessInterest rate concessions (a)Combination (a) (b) (c)
Year ended
December 31, 2025
($ in millions)
Number of months extended/deferredAmount forgivenInitial rateRevised rateRemaining termRevised remaining termInitial rateRevised rate
Consumer automotive34$2 — %— %699612.3 %8.6 %
Consumer mortgage190— 2.9 2.6 2954413.7 2.4 
Commercial
Commercial and industrial
Automotive— $— 12.5 %7.9 %— — — %— %
Other18— — — — — — — 
Commercial real estate6— 10.9 5.9 — — — — 
Total commercial18$— 11.9 7.1 — — — — 
(a)Calculated using a weighted-average balance for each portfolio class.
(b)Term is presented in number of months.
(c)Some consumer mortgage combination loan modifications include deferrals of principal. The weighted average number of months deferred for these loans was 150 months.
Payment extensions (a)Principal forgivenessInterest rate concessions (a)Combination (a) (b) (c)
Year ended
December 31, 2024
($ in millions)
Number of months extended/deferredAmount forgivenInitial rateRevised rateRemaining termRevised remaining termInitial rateRevised rate
Consumer automotive30$2 — %— %728514.3 %12.0 %
Consumer mortgage176— — — 3054494.1 3.1 
Consumer other (d)—2 29.6 7.3 — — — — 
Commercial
Commercial and industrial
Automotive6$— 5.0 %3.0 %——— %— %
Other37— — — 4605.5 4.3 
Commercial real estate— — — — 849311.0 6.0 
Total commercial36$— 5.0 3.0 7615.7 4.3 
(a)Calculated using a weighted-average balance for each portfolio class.
(b)Term is presented in number of months.
(c)Some consumer mortgage combination loan modifications include deferrals of principal. The weighted average number of months deferred for these loans was 325 months.
(d)Consists of Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
Payment extensions (a)Principal forgivenessInterest rate concessions (a)Combination (a) (b) (c)
Year ended
December 31, 2023
($ in millions)
Number of months extended/deferredAmount forgivenInitial rateRevised rateRemaining termRevised remaining termInitial rateRevised rate
Consumer automotive29$3 — %— %748610.3 %9.5 %
Consumer mortgage132— — — 2864424.4 3.1 
Consumer other (d)—— 30.0 8.0 ——— — 
Commercial
Commercial and industrial
Other (e)15$— — %— %——— %— %
Total commercial15$— — — ——— — 
(a)Calculated using a weighted-average balance for each portfolio class.
(b)Term is presented in number of months.
(c)Some consumer mortgage combination loan modifications include deferrals of principal. The weighted average number of months deferred for these loans was 207 months.
(d)Consists of Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
(e)Includes a commercial and industrial loan within our Corporate Finance operations that was also granted a three-month contractual maturity extension during the year ended December 31, 2023.
The following tables present the subsequent performance of loans recorded at amortized cost basis, by portfolio segment and credit quality indicator, that were modified within the 12 months prior to December 31, 2025, 2024, and 2023, respectively.
December 31, 2025 ($ in millions)
Current30–59 days past due60–89 days past due90 or more days past dueTotal
Consumer automotive
Contractual maturity extensions$519 $94 $31 $8 $652 
Principal forgiveness1 — — 7 8 
Combination1 — — — 1 
Total consumer automotive521 94 31 15 661 
Consumer mortgage
Payment deferrals1 — — — 1 
Contractual maturity extensions2 — — — 2 
Interest rate concessions— — — 1 1 
Combination5 — — — 5 
Total consumer mortgage8 — — 1 9 
Total consumer$529 $94 $31 $16 $670 
December 31, 2025 ($ in millions)
PassSpecial mentionSubstandardDoubtfulTotal
Commercial and industrial
Automotive
Interest rate concessions$— $— $11 $— $11 
Total automotive— — 11 — 11 
Other
Payment deferrals34 — — 3 37 
Contractual maturity extensions25 59 27 13 124 
Total other59 59 27 16 161 
Commercial real estate
Payment deferrals— 3 — 1 4 
Interest rate concessions— — 7 — 7 
Total commercial real estate— 3 7 1 11 
Total commercial$59 $62 $45 $17 $183 
December 31, 2024 ($ in millions)
Current30–59 days past due60–89 days past due90 or more days past dueTotal
Consumer automotive
Contractual maturity extensions$318 $68 $25 $7 $418 
Principal forgiveness— — — 5 5 
Combination2 — — — 2 
Total consumer automotive320 68 25 12 425 
Consumer mortgage
Contractual maturity extensions1 — 1 — 2 
Combination1 — — — 1 
Total consumer mortgage2 — 1 — 3 
Consumer other (a)
Interest rate concessions10 2 1 3 16 
Total consumer other10 2 1 3 16 
Total consumer$332 $70 $27 $15 $444 
(a)Consists of Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
December 31, 2024 ($ in millions)
PassSpecial mentionSubstandardDoubtfulTotal
Commercial and industrial
Automotive
Payment deferrals $— $— $2 $— $2 
Interest rate concessions— — — 7 7 
Total automotive— — 2 7 9 
Other
Contractual maturity extensions113 — 55 — 168 
Combination— — 14 — 14 
Total other113 — 69 — 182 
Commercial real estate
Combination— — — 1 1 
Total commercial real estate— — — 1 1 
Total commercial$113 $— $71 $8 $192 
December 31, 2023 ($ in millions)
Current30–59 days past due60–89 days past due90 or more days past dueTotal
Consumer automotive
Contractual maturity extensions$202 $24 $7 $1 $234 
Principal forgiveness7 1 — 5 13 
Combination25 2 — 1 28 
Total consumer automotive234 27 7 7 275 
Consumer mortgage
Contractual maturity extensions4 — — — 4 
Combination2 — — 2 4 
Total consumer mortgage6 — — 2 8 
Consumer other (a)
Interest rate concessions7 2 1 3 13 
Total consumer other7 2 1 3 13 
Total consumer$247 $29 $8 $12 $296 
(a)Consists of Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
December 31, 2023 ($ in millions)
PassSpecial mentionSubstandardDoubtfulTotal
Commercial and industrial
Other
Payment deferrals (a)$— $— $— $36 $36 
Contractual maturity extensions34 7 5 — 46 
Total commercial$34 $7 $5 $36 $82 
(a)Includes a commercial and industrial loan within our Corporate Finance operations that was also granted a three-month contractual maturity extension during the year ended December 31, 2023.
Schedule Of Consumer Concentration Risk
The following table shows the percentage of consumer automotive, consumer mortgage, and consumer other finance receivables and loans by state concentration based on amortized cost basis.
2025 (a)2024
December 31,Consumer automotiveConsumer mortgageConsumer other (b)Consumer automotiveConsumer mortgageConsumer other
California8.3 %40.5 %— %8.5 %39.9 %9.3 %
Texas13.6 7.1 — 13.5 7.2 7.8 
Florida9.1 6.2 — 9.3 6.2 9.1 
North Carolina4.8 1.8 — 4.6 1.9 3.0 
Pennsylvania4.5 2.2 — 4.5 2.1 4.1 
Georgia4.1 2.9 — 4.0 2.9 3.7 
New York4.0 1.8 — 3.8 1.9 5.4 
New Jersey3.2 2.5 — 3.3 2.5 3.5 
Illinois3.0 2.8 — 3.2 2.8 4.6 
Ohio3.2 0.4 — 3.3 0.4 4.5 
Other United States42.2 31.8 — 42.0 32.2 45.0 
Total consumer loans100.0 %100.0 %— %100.0 %100.0 %100.0 %
(a)Presentation is in descending order as a percentage of total consumer finance receivables and loans at December 31, 2025.
(b)We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
Schedule Of Commercial Concentration Risk The following table presents the percentage of total commercial real estate finance receivables and loans by state concentration based on amortized cost basis.
December 31,20252024
Florida22.1 %16.0 %
Texas12.1 14.1 
California8.0 6.6 
New York7.9 5.4 
Ohio5.4 5.6 
North Carolina3.6 4.8 
Michigan3.4 4.1 
Georgia3.0 3.3 
Illinois2.4 2.6 
Missouri2.2 2.9 
Other United States29.9 34.6 
Total commercial real estate finance receivables and loans100.0 %100.0 %
Commercial Criticized Risk Exposure
The following table presents the percentage of total commercial criticized finance receivables and loans by industry concentration based on amortized cost basis.
December 31,20252024
Industry
Automotive61.7 %64.4 %
Services12.4 9.0 
Electronics11.2 12.8 
Other14.7 13.8 
Total commercial criticized finance receivables and loans100.0 %100.0 %
v3.25.4
Leasing (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Lessee, Operating Lease, Liability, Maturity
The following table presents future minimum rental payments we are required to make under operating leases that have commenced as of December 31, 2025, and that have noncancelable lease terms expiring after December 31, 2025.
Year ended December 31, ($ in millions)
2026$38 
202733 
202826 
20299 
20308 
2031 and thereafter23 
Total undiscounted cash flows137 
Difference between undiscounted cash flows and discounted cash flows(13)
Total lease liability$124 
Schedule of Lease, Cost
The following table details the components of total net operating lease expense.
Year ended December 31, ($ in millions)
202520242023
Operating lease expense$32 $30 $29 
Variable lease expense5 4 5 
Total lease expense, net (a)$37 $34 $34 
(a)Included in other operating expenses in our Consolidated Statement of Income.
Schedule of Property Subject to or Available for Operating Lease
The following table details our investment in operating leases.
Year ended December 31, ($ in millions)
20252024
Vehicles$10,163 $9,519 
Accumulated depreciation(1,391)(1,528)
Investment in operating leases, net$8,772 $7,991 
Schedule of Lessor, Operating Lease, Payments to be Received, Maturity
The following table presents future minimum rental payments we have the right to receive under operating leases with noncancelable lease terms expiring after December 31, 2025.
Year ended December 31, ($ in millions)
2026$1,445 
2027944 
2028351 
202941 
20302 
Total lease payments from operating leases$2,783 
Schedule of Depreciation Expense on Operating Lease Assets The following table summarizes the components of depreciation expense on operating lease assets.
Year ended December 31, ($ in millions)
202520242023
Depreciation expense on operating lease assets (excluding remarketing losses and (gains)) (a)$909 $868 $1,051 
Remarketing losses (gains), net28 (132)(211)
Net depreciation expense on operating lease assets$937 $736 $840 
(a)Includes variable lease payments related to excess mileage and excessive wear and tear on vehicles of $22 million, $21 million, and $9 million for the years ended December 31, 2025, 2024, and 2023, respectively.
Schedule of Finance Lease, Liability, Maturity
The following table presents future minimum rental payments we have the right to receive under finance leases with noncancelable lease terms expiring after December 31, 2025.
Year ended December 31, ($ in millions)
2026$134 
2027118 
202887 
202959 
203031 
2031 and thereafter11 
Total undiscounted cash flows440 
Difference between undiscounted cash flows and discounted cash flows(64)
Present value of lease payments recorded as lease receivable$376 
v3.25.4
Securitizations and Variable Interest Entities (Tables)
 12 Months Ended
Dec. 31, 2025
Securitizations And Variable Interest Entities [Abstract]  
Schedule of Variable Interest Entities
The following table presents our involvement in consolidated and nonconsolidated VIEs in which we hold variable interests. We have excluded certain transactions with nonconsolidated entities from the balances presented in the table below, where our only continuing involvement relates to financial interests obtained through the ordinary course of business, primarily from lending and investing arrangements. For additional detail related to the assets and liabilities of consolidated variable interest entities, refer to our Consolidated Balance Sheet.
December 31, ($ in millions)
Carrying value of total assetsCarrying value of total liabilitiesAssets sold to nonconsolidated VIEs (a)Maximum exposure to loss in nonconsolidated VIEs
2025
On‑balance sheet variable interest entities
Consumer automotive$12,149 (b)$1,619 (c)$— $— 
Off-balance sheet variable interest entities
Consumer automotive (d)53 (e)— 3,192 3,245 (f)
Commercial other2,822 (g)820 (h)— 3,690 (i)
Total$15,024 $2,439 $3,192 $6,935 
2024
On-balance sheet variable interest entities
Consumer automotive$12,821 (b)$1,683 (c)$— $— 
Off-balance sheet variable interest entities
Consumer automotive (d)92 (e)— 2,885 2,977 (f)
Consumer other (j)— — 86 86 
Commercial other2,768 (g)1,022 (h)— 3,482 (i)
Total$15,681 $2,705 $2,971 $6,545 
(a)Represents the current unpaid principal balance of outstanding consumer automotive and credit card finance receivables and loans within the VIEs.
(b)Includes $8.9 billion and $8.2 billion of assets that were not encumbered by VIE beneficial interests held by third parties at December 31, 2025, and December 31, 2024, respectively. Ally or consolidated affiliates hold the interests in these assets.
(c)Includes $137 million and $118 million of liabilities that were not obligations to third-party beneficial interest holders at December 31, 2025, and December 31, 2024, respectively.
(d)Includes activity where we sell loans through a pass-through program to a third party.
(e)Represents retained notes and certificated residual interests, of which $50 million and $88 million were classified as held-to-maturity securities at December 31, 2025, and December 31, 2024, respectively, and $3 million and $4 million were classified as other assets at December 31, 2025, and December 31, 2024, respectively. These assets represent our compliance with the risk retention rules under the Dodd-Frank Act, requiring us to retain at least five percent of the credit risk of the assets underlying asset-backed securitizations.
(f)Maximum exposure to loss represents the current unpaid principal balance of outstanding loans based on our customary representation and warranty provisions. This measure is based on the unlikely event that all the loans have underwriting defects or other defects that trigger a representation and warranty provision and the collateral supporting the loans are worthless. This required disclosure is not an indication of our expected loss.
(g)Amounts are classified as other assets except for $56 million and $50 million classified as equity securities at December 31, 2025, and December 31, 2024, respectively.
(h)Amounts are classified as accrued expenses and other liabilities.
(i)For certain nonconsolidated affordable housing entities, maximum exposure to loss represents the yield we guaranteed investors through long-term guarantee contracts. The amount disclosed is based on the unlikely event that the yield delivered to investors in the form of LIHTCs and other tax credits is recaptured. For nonconsolidated equity investments, maximum exposure to loss represents our outstanding investment, additional committed capital, and LIHTCs and other tax credits subject to recapture. The amount disclosed is based on the unlikely event that our committed capital is funded, our investments become worthless, and the tax credits previously delivered to us are recaptured. This required disclosure is not an indication of our expected loss.
(j)Includes balances from Ally Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
Schedule of Cash Flows with Nonconsolidated Special-Purpose Entities
The following table summarizes cash flows received and paid related to SPEs and asset-backed financings where the transfer is accounted for as a sale and we have a continuing involvement with the transferred consumer automotive and credit card assets (for example, servicing) that were outstanding during the years ended December 31, 2025, 2024, and 2023. Additionally, this table contains information regarding cash flows received from and paid to nonconsolidated SPEs that existed during each period.
Year ended December 31, ($ in millions)
202520242023
Consumer automotive
Cash proceeds from transfers completed during the period$1,420 $1,594 $1,131 
Servicing fees62 58 19 
Cash flows received on retained interests in securitization entities42 54 4 
Other cash flows received4 2 1 
Cash disbursements for repurchases during the period1 1 — 
Consumer other (a)
Cash proceeds from transfers completed during the period8 46 117 
Servicing fees1 6 8 
(a)Includes activity from Ally Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
Schedule of Quantitative Information and Net Credit Losses about Securitized and Other Financial Assets Managed Together
The following tables present quantitative information about off-balance sheet securitizations and whole-loan sales where we have continuing involvement.
Total amountAmount 60 days or more past due
December 31, ($ in millions)
2025202420252024
Off-balance-sheet securitization entities
Consumer automotive$1,002 $1,730 $18 $22 
Whole-loan sales (a)
Consumer automotive2,190 1,155 143 83 
Consumer other (b)— 86 — 10 
Total$3,192 $2,971 $161 $115 
(a)Whole-loan sales are not part of a securitization transaction, but represent consumer automotive and credit card pools of loans sold to third-party investors.
(b)Includes balances related to Ally Credit Card at December 31, 2024. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
Net credit losses
Year ended December 31, ($ in millions)
20252024
Off-balance-sheet securitization entities
Consumer automotive$17 $20 
Whole-loan sales (a)
Consumer automotive104 79 
Consumer other (b)7 36 
Total$128 $135 
(a)Whole-loan sales are not part of a securitization transaction, but represent consumer automotive and credit card pools of loans sold to third-party investors.
(b)Includes activity from Ally Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
v3.25.4
Premiums Receivable and Other Insurance Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Premiums Receivable Disclosure [Abstract]  
Schedule of Premiums Receivable and Other Insurance Assets
Premiums receivable and other insurance assets consisted of the following.
December 31, ($ in millions)
20252024
Prepaid reinsurance premiums$644 $594 
Reinsurance recoverable on unpaid losses69 60 
Reinsurance recoverable on paid losses37 44 
Premiums receivable223 206 
Deferred policy and service contract acquisition costs1,871 1,886 
Total premiums receivable and other insurance assets$2,844 $2,790 
v3.25.4
Other Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Other Assets [Abstract]  
Schedule of Other Assets
The components of other assets were as follows.
December 31, ($ in millions)
20252024
Property and equipment at cost$2,280 $2,226 
Accumulated depreciation(1,130)(973)
Net property and equipment1,150 1,253 
Net deferred tax assets2,334 1,916 
Proportional amortization investments (a) (b)2,094 2,131 
Restricted cash and cash equivalents (c)1,543 788 
Accrued interest, fees, and rent receivables (d)941 929 
Nonmarketable equity investments922 789 
Equity-method investments (e)715 632 
Other accounts receivable403 312 
Restricted cash held for securitization trusts (f)236 300 
Goodwill190 551 
Operating lease right-of-use assets109 92 
Net intangible assets— 54 
Other assets986 913 
Total other assets$11,623 $10,660 
(a)Proportional amortization investments includes qualifying LIHTC, NMTC, and HTC investments. Refer to Note 1 for additional information.
(b)Presented gross of the associated unfunded commitment. Refer to Note 16 for further information.
(c)Primarily represents restricted cash equivalents funded through the issuance of credit-linked notes. Additionally, includes a number of arrangements with third parties where certain restrictions are placed on balances we hold due to collateral agreements associated with operational processes with a third-party bank, partner, or letter of credit arrangements and corresponding collateral requirements. Refer to Note 20 for further information about the issuance of credit-linked notes.
(d)Primarily relates to accrued interest, fees, and rent receivables related to our consumer automotive and commercial automotive finance receivables and loans.
(e)Primarily relates to investments made in connection with our CRA program.
(f)Includes restricted cash collected from customer payments on securitized receivables, which are distributed by us to investors as payments on the related secured debt, and cash reserve deposits utilized as a form of credit enhancement for various securitization transactions.
Schedule of Activity in Proportional Amortization Investment
The following table summarizes information about our proportional amortization investments.
Year ended December 31, ($ in millions)
202520242023
Tax credits and other tax benefits from proportional amortization investments (a) (b)$302 $251 $200 
Investment amortization expense recognized as a component of income tax expense (a)237 203 157 
Net benefit from proportional amortization investments (a)$65 $48 $43 
(a)Amounts are included within income tax expense from continuing operations on our Consolidated Statement of Income and as a component of operating activities within deferred income taxes, other assets, and other liabilities on our Consolidated Statement of Cash Flows.
(b)There were no impairment losses recognized during the years ended December 31, 2025, 2024, and 2023, resulting from the forfeiture or ineligibility of tax credits or other circumstances.
Schedule of Equity Securities without Readily Determinable Fair Value
The total carrying value of the nonmarketable equity investments held at December 31, 2025, and December 31, 2024, including cumulative unrealized gains and losses, was as follows.
December 31, ($ in millions)
20252024
FRB stock$452 $440 
FHLB stock359 258 
Equity investments without a readily determinable fair value
Cost basis94 74 
Adjustments
Upward adjustments57 53 
Downward adjustments (including impairment)(40)(36)
Carrying amount, equity investments without a readily determinable fair value111 91 
Nonmarketable equity investments$922 $789 
During the years ended December 31, 2025, and 2024, unrealized gains and losses included in the carrying value of the nonmarketable equity investments still held as of December 31, 2025, and 2024, were as follows.
Year ended December 31, ($ in millions)
20252024
Upward adjustments$3 $2 
Downward adjustments (including impairment) (a)$(4)$(15)
(a)No impairment on FHLB and FRB stock was recognized during both years ended December 31, 2025, and 2024.
Schedule of Goodwill
The carrying balance of goodwill by reportable operating segment was as follows.
($ in millions)Automotive Finance operationsInsurance operationsCorporate 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 December 31, 2025
$20 $27 $143 $190 
(a)Includes $143 million of goodwill associated with Ally Invest at both December 31, 2025, and December 31, 2024, and $361 million of goodwill associated with Ally Credit Card at December 31, 2024.
(b)We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
Schedule of Intangible Assets
The net carrying value of intangible assets by class was as follows.
20252024
December 31, ($ in millions)
Gross intangible assetsAccumulated amortizationNet carrying valueGross intangible assetsAccumulated amortizationNet carrying value
Technology$39 $(39)$— $117 $(77)$40 
Customer lists41 (41)— 41 (41)— 
Purchased credit card relationships— — — 25 (11)14 
Trademarks— — — 2 (2)— 
Total intangible assets$80 $(80)$— $185 $(131)$54 
v3.25.4
Deposit Liabilities (Tables)
 12 Months Ended
Dec. 31, 2025
Deposits [Abstract]  
Schedule of Deposit Liabilities
Deposit liabilities consisted of the following.
December 31, ($ in millions)
20252024
Noninterest-bearing deposits$125 $131 
Interest-bearing deposits
Savings, money market, and spending accounts109,214 104,201 
Certificates of deposit42,310 47,242 
Total deposit liabilities$151,649 $151,574 
Schedule of Time Deposit Maturities
The following table presents the scheduled maturity of total certificates of deposit at December 31, 2025.
($ in millions)
Due in 2026$34,764 
Due in 20274,286 
Due in 20282,203 
Due in 2029850 
Due in 2030207 
Total certificates of deposit (a)$42,310 
(a)Includes $6.2 billion of certificates of deposit that are estimated to be uninsured. In some instances, certificates of deposits in excess of federal insurance limits may be insured based upon the number of account owners, beneficiaries, and accounts held.
v3.25.4
Debt (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Short-term Debt
The following table presents the composition of our short-term borrowings portfolio.
20252024
December 31, ($ in millions)
Unsecured
Secured (a)
Total
Unsecured
Secured (a)
Total
Federal Home Loan Bank
$— $4,150 $4,150 $— $1,625 $1,625 
Securities sold under agreements to repurchase
— 545 545 — — — 
Total short-term borrowings$— $4,695 $4,695 $— $1,625 $1,625 
Weighted average interest rate (b)4.0 %4.7 %
(a)Refer to the section below titled Long-Term Debt for further details on assets restricted as collateral for payment of the related debt.
(b)Based on the debt outstanding and the interest rate at December 31, of each year.
Schedule of Long-term Debt
The following tables present the composition of our long-term debt portfolio.
December 31, ($ in millions)
AmountInterest rateWeighted average stated interest rate (a)Due date range
2025
Unsecured debt
Fixed rate (b)$9,933 
Hedge basis adjustments (c)79 
Total unsecured debt10,012 
1.15–8.00%
6.35%2026–2040
Secured debt
Fixed rate7,010 
Variable rate (d)48 
Total secured debt (e) (f)7,058 
3.19–12.75%
4.37%2026–2033
Total long-term debt$17,070 
2024
Unsecured debt
Fixed rate (b)$10,974 
Hedge basis adjustments (c)88 
Total unsecured debt11,062 
1.15–8.00%
6.25 %2025–2040
Secured debt
Fixed rate6,358 
Variable rate (d)75 
Total secured debt (e) (f)6,433 
1.96–12.75%
4.32 %2025–2032
Total long-term debt$17,495 
(a)Based on the debt outstanding and the interest rate at December 31 of each year excluding any impacts of interest rate hedges.
(b)Includes subordinated debt of $1.0 billion and $2.0 billion at December 31, 2025, and 2024, respectively.
(c)Represents the basis adjustment associated with the application of hedge accounting on certain of our long-term debt positions. Refer to Note 21 for additional information.
(d)Represents long-term debt that does not have a stated interest rate.
(e)Includes $1.5 billion and $1.6 billion of VIE secured debt at December 31, 2025, and 2024, respectively.
(f)Includes advances from the FHLB of Pittsburgh of $4.2 billion at both December 31, 2025, and 2024.
20252024
December 31, ($ in millions)
UnsecuredSecuredTotalUnsecuredSecuredTotal
Long-term debt (a)
Due within one year$— $2,659 $2,659 $2,408 $2,411 $4,819 
Due after one year10,012 4,399 14,411 8,654 4,022 12,676 
Total long-term debt$10,012 $7,058 $17,070 $11,062 $6,433 $17,495 
(a)Includes basis adjustments related to the application of hedge accounting. Refer to Note 21 for additional information.
Schedule of Maturities of Long-term Debt
The following table presents the scheduled remaining maturity of long-term debt at December 31, 2025, assuming no early redemptions will occur. The amounts below include adjustments to the carrying value resulting from the application of hedge accounting. The actual payment of secured debt may vary based on the payment activity of the related pledged assets.
($ in millions)202620272028202920302031 and thereafter
Total
Unsecured
Long-term debt
$82 $1,620 $896 $1,778 $793 $5,532 $10,701 
Original issue discount
(82)(95)(107)(123)(143)(139)(689)
Total unsecured
— 1,525 789 1,655 650 5,393 10,012 
Secured
Long-term debt
2,659 2,422 1,636 253 66 22 7,058 
Total long-term debt
$2,659 $3,947 $2,425 $1,908 $716 $5,415 $17,070 
Schedule of Pledged Assets for the Payment of the Related Secured Borrowings and Repurchase Agreements
The following table summarizes assets restricted as collateral for the payment of the related debt obligation.
December 31, ($ in millions)
20252024
Consumer automotive finance receivables$36,807 $38,316 
Consumer mortgage finance receivables15,604 17,269 
Commercial finance receivables7,686 6,297 
Investment securities (amortized cost basis of $3,114 and $2,822) (a)
3,292 2,946 
Other assets (b)1,381 669 
Total assets restricted as collateral (c) (d)$64,770 $65,497 
Secured debt (e)$11,753 $8,058 
(a)A portion of the restricted investment securities at December 31, 2025, was restricted under repurchase agreements. Refer to the section above titled Short-Term Borrowings for information on the repurchase agreements.
(b)Includes the collateral accounts restricted for the payment of credit-linked notes recorded within restricted cash and cash equivalents. Excludes restricted cash and cash reserves for securitization trusts. Refer to Note 13 and Note 20 for additional information.
(c)All restricted assets are those of Ally Bank.
(d)Ally Bank has an advance agreement with the FHLB, and had assets pledged to secure borrowings that were restricted as collateral to the FHLB totaling $26.0 billion and $26.5 billion at December 31, 2025, and December 31, 2024, respectively. These assets were primarily composed of consumer mortgage finance receivables and loans as well as mortgage-backed securities. Ally Bank has access to the FRB Discount Window and had assets pledged and restricted as collateral to the FRB totaling $33.7 billion and $33.8 billion at December 31, 2025, and December 31, 2024, respectively. These assets were composed of consumer automotive finance receivables and loans. Availability under these programs is only for the operations of Ally Bank and cannot be used to fund the operations or liabilities of Ally or its other subsidiaries.
(e)Includes $4.7 billion and $1.6 billion of short-term borrowings at December 31, 2025, and December 31, 2024, respectively.
v3.25.4
Accrued Expenses and Other Liabilities (Tables)
 12 Months Ended
Dec. 31, 2025
Accounts Payable and Accrued Liabilities [Abstract]  
Schedule of Accrued Expenses and Other Liabilities
The components of accrued expenses and other liabilities were as follows.
December 31, ($ in millions)
20252024
Unfunded commitments for proportional amortization investments (a)$819 $1,019 
Accounts payable420 505 
Employee compensation and benefits417 424 
Reserves for insurance losses and loss adjustment expenses (b)233 189 
Deferred revenue141 122 
Operating lease liabilities124 111 
Other liabilities551 444 
Total accrued expenses and other liabilities (c)$2,705 $2,814 
(a)Primarily relates to unfunded commitments for investments in qualified affordable housing projects.
(b)Refer to Note 6 for further information.
(c)We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
v3.25.4
Equity (Tables)
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Stockholders Equity
The following table presents changes in the number of shares issued and outstanding.
(shares in thousands) (a)
202520242023
Common stock
Total issued at January 1,515,778 511,861 507,683 
New issuances
Employee benefits and compensation plans4,578 3,916 4,179 
Total issued at December 31,520,356 515,778 511,861 
Treasury balance at January 1,(210,390)(209,402)(208,358)
Repurchase of common stock (b)
(1,473)(988)(1,044)
Total treasury stock at December 31,(211,863)(210,390)(209,402)
Total outstanding at December 31,308,493 305,388 302,459 
(a)Figures in the table may not recalculate exactly due to rounding. Number of shares issued, in treasury, and outstanding are calculated based on unrounded numbers.
(b)Includes shares of common stock withheld to cover income taxes owed by participants in our share-based incentive plans. Refer to the section titled Capital Planning and Stress Tests in Note 20 for additional information regarding our common share repurchase program
Schedule of Preferred Stock
The following table summarizes information about our preferred stock.
December 31, 20252024
Series B preferred stock (a)
Issuance dateApril 22, 2021April 22, 2021
Carrying value ($ in millions)
$1,335$1,335
Par value (per share)
$0.01$0.01
Liquidation preference (per share)
$1,000$1,000
Number of shares authorized1,350,0001,350,000
Number of shares issued and outstanding1,350,0001,350,000
Dividend/coupon
Prior to May 15, 20264.700%4.700%
On and after May 15, 2026
Five Year Treasury + 3.868%
Five Year Treasury + 3.868%
Series C preferred stock (a)
Issuance dateJune 2, 2021June 2, 2021
Carrying value ($ in millions)
$989$989
Par value (per share)
$0.01$0.01
Liquidation preference (per share)
$1,000$1,000
Number of shares authorized1,000,0001,000,000
Number of shares issued and outstanding1,000,0001,000,000
Dividend/coupon
Prior to May 15, 20284.700%4.700%
On and after May 15, 2028
Seven Year Treasury + 3.481%
Seven Year Treasury + 3.481%
(a)We may, at our option, redeem the Series B and Series C shares on any dividend payment date on or after May 15, 2026, or May 15, 2028, respectively, or at any time within 90 days following a regulatory event that precludes the instruments from being included in additional Tier 1 capital.
v3.25.4
Accumulated Other Comprehensive Loss (Tables)
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Loss
The following table presents changes, net of tax, in each component of accumulated other comprehensive loss.
Investment securities (a)
($ in millions)
Available-
for-sale securities (b)		Held-to-maturity securitiesTranslation adjustments and net investment hedges (c)Cash flow hedges (c)Accumulated other comprehensive loss
Balance at January 1, 2023$(4,095)$— $18 $18 $(4,059)
Net change949 (682)3 (27)243 
Balance at December 31, 2023(3,146)(682)21 (9)(3,816)
Net change(161)66 (1)(12)(108)
Balance at December 31, 2024(3,307)(616)20 (21)(3,924)
Net change1,047 65 3 23 1,138 
Balance at December 31, 2025$(2,260)$(551)$23 $2 $(2,786)
(a)Includes securities transferred from available-for-sale to held-to-maturity during 2023.
(b)Represents the after-tax difference between the fair value and amortized cost basis of our available-for-sale securities portfolio. Refer to Note 8 for additional information.
(c)For additional information on derivative instruments and hedging activities, refer to Note 21.
Schedule of Reclassification Out of Accumulated Other Comprehensive Loss
The following tables present the before- and after-tax changes in each component of accumulated other comprehensive loss.
Year ended December 31, 2025 ($ in millions)
Before taxTax effectAfter tax
Investment securities
Available-for-sale securities
Net unrealized gains arising during the period$880 $(207)$673 
Less: Net realized losses reclassified to income from continuing operations(491)(a)117 (b)(374)
Net change1,371 (324)1,047 
Held-to-maturity securities
Less: Amortization of amounts previously recorded upon transfer from available-for-sale(84)(c)19 (b)(65)
Translation adjustments
Net unrealized gains arising during the period10 (2)8 
Net investment hedges (d)
Net unrealized losses arising during the period(6)1 (5)
Cash flow hedges (d)
Net unrealized losses arising during the period(2)— (2)
Less: Net realized losses reclassified to income from continuing operations(32)(e)7 (b)(25)
Net change30 (7)23 
Other comprehensive income$1,489 $(351)$1,138 
(a)Includes losses reclassified to other (loss) gain on investments, net, in our Consolidated Statement of Income related to the balance sheet repositioning of our available-for-sale securities portfolio. Refer to Note 8 for additional information.
(b)Includes amounts reclassified to income tax expense from continuing operations in our Consolidated Statement of Income.
(c)Includes amounts reclassified to interest and dividends on investment securities and other earning assets in our Consolidated Statement of Income.
(d)For additional information on derivative instruments and hedging activities, refer to Note 21.
(e)Includes losses reclassified to interest and fees on finance receivables and loans in our Consolidated Statement of Income.
Year ended December 31, 2024 ($ in millions)
Before taxTax effectAfter tax
Investment securities
Available-for-sale securities
Net unrealized losses arising during the period$(203)$45 $(158)
Less: Net realized gains reclassified to income from continuing operations3(a)— (b)3
Net change(206)45 (161)
Held-to-maturity securities
Less: Amortization of amounts previously recorded upon transfer from available-for-sale(87)(c)21 (b)(66)
Translation adjustments
Net unrealized losses arising during the period(17)4 (13)
Net investment hedges (d)
Net unrealized gains arising during the period16 (4)12 
Cash flow hedges (d)
Net unrealized losses arising during the period(28)7 (21)
Less: Net realized losses reclassified to income from continuing operations(12)(e)3 (b)(9)
Net change(16)4 (12)
Other comprehensive loss$(136)$28 $(108)
(a)Includes gains reclassified to other (loss) gain on investments, net, in our Consolidated Statement of Income.
(b)Includes amounts reclassified to income tax expense from continuing operations in our Consolidated Statement of Income.
(c)Includes amounts reclassified to interest and dividends on investment securities and other earning assets in our Consolidated Statement of Income.
(d)For additional information on derivative instruments and hedging activities, refer to Note 21.
(e)Includes losses reclassified to interest and fees on finance receivables and loans in our Consolidated Statement of Income.
Year ended December 31, 2023 ($ in millions)
Before taxTax effectAfter tax
Investment securities
Available-for-sale securities
Net unrealized gains arising during the period$338 $(78)$260 
Net unrealized loss on securities transferred to held-to-maturity (a)911(218)693
Less: Net realized gains reclassified to income from continuing operations5(b)(1)(c)4
Net change1,244 (295)949 
Held-to-maturity securities
Net unrealized loss on securities transferred from available-for-sale (a)(911)218 (693)
Less: Amortization of amounts previously recorded upon transfer from available-for-sale(14)(d)3 (11)
Net change(897)215 (682)
Translation adjustments
Net unrealized gains arising during the period6 (1)5 
Net investment hedges (e)
Net unrealized losses arising during the period(3)1 (2)
Cash flow hedges (e)
Net unrealized losses arising during the period(22)6 (16)
Less: Net realized gains reclassified to income from continuing operations14 (f)(3)(c)11 
Net change(36)9 (27)
Other comprehensive income$314 $(71)$243 
(a)Includes unrealized losses on securities transferred from available-for-sale to held-to-maturity during 2023.
(b)Includes gains reclassified to other (loss) gain on investments, net in our Consolidated Statement of Income.
(c)Includes amounts reclassified to income tax expense from continuing operations in our Consolidated Statement of Income.
(d)Includes amounts reclassified to interest and dividends on investment securities and other earning assets in our Consolidated Statement of Income.
(e)For additional information on derivative instruments and hedging activities, refer to Note 21.
(f)Includes gains reclassified to interest and fees on finance receivables and loans in our Consolidated Statement of Income.
v3.25.4
Earnings per Common Share (Tables)
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table presents the calculation of basic and diluted earnings per common share.
Year ended December 31, ($ in millions, except per share data; shares in thousands) (a)
202520242023
Net income from continuing operations$852 $669 $959 
Preferred stock dividends — Series B(63)(63)(63)
Preferred stock dividends — Series C(47)(47)(47)
Net income from continuing operations attributable to common shareholders$742 $559 $849 
Loss from discontinued operations, net of tax— (1)(2)
Net income attributable to common shareholders$742 $558 $847 
Basic weighted-average common shares outstanding (b)310,015 306,913 303,751 
Diluted weighted-average common shares outstanding (b)313,043 310,160 305,135 
Basic earnings per common share
Net income from continuing operations$2.39 $1.82 $2.79 
Loss from discontinued operations, net of tax— — (0.01)
Net income$2.39 $1.82 $2.79 
Diluted earnings per common share
Net income from continuing operations$2.37 $1.80 $2.78 
Loss from discontinued operations, net of tax— — (0.01)
Net income$2.37 $1.80 $2.77 
(a)Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers.
(b)Includes shares related to share-based compensation that vested but were not yet issued.
v3.25.4
Regulatory Capital and Other Regulatory Matters (Tables)
 12 Months Ended
Dec. 31, 2025
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]  
Schedule of Regulatory Capital Amount and Ratios
The following table summarizes our capital ratios under U.S. Basel III.
December 31, 2025
December 31, 2024
Required minimum (a)Well-capitalized minimum
($ in millions)AmountRatioAmountRatio
Capital ratios
Common Equity Tier 1 (to risk-weighted assets)
Ally Financial Inc.$15,629 10.23 %$15,058 9.82 %4.50 %(b)
Ally Bank17,853 12.50 17,229 11.94 4.50 6.50 %
Tier 1 (to risk-weighted assets)
Ally Financial Inc.$17,885 11.70 %$17,324 11.30 %6.00 %6.00 %
Ally Bank17,853 12.50 17,229 11.94 6.00 8.00 
Total (to risk-weighted assets)
Ally Financial Inc.$20,731 13.56 %$20,182 13.16 %8.00 %10.00 %
Ally Bank19,659 13.77 19,052 13.21 8.00 10.00 
Tier 1 leverage (to adjusted quarterly average assets) (c)
Ally Financial Inc.$17,885 9.25 %$17,324 8.92 %4.00 %(b)
Ally Bank17,853 9.82 17,229 9.40 4.00 5.00 %
(a)In addition to the minimum risk-based capital requirements for the Common Equity Tier 1 capital, Tier 1 capital, and total capital ratios, Ally was required to maintain a minimum capital conservation buffer of 2.6% at both December 31, 2025, and December 31, 2024, and Ally Bank was required to maintain a minimum capital conservation buffer of 2.5% at both December 31, 2025, and December 31, 2024.
(b)Currently, there is no ratio component for determining whether a BHC is “well-capitalized.”
(c)Federal regulatory reporting guidelines require the calculation of adjusted quarterly average assets using a daily average methodology.
Schedule of Common Share Distribution Activity
The following table presents information related to our common stock and distributions to our common shareholders.
Common stock repurchased during period (a)Number of common shares outstandingCash dividends declared per common share (b)
($ in millions, except per share data; shares in thousands)Approximate dollar valueNumber of sharesBeginning of periodEnd of period
2024
First quarter$29 781 302,459 303,978 $0.30 
Second quarter1 13 303,978 304,656 0.30 
Third quarter1 27 304,656 304,715 0.30 
Fourth quarter7 167 304,715 305,388 0.30 
2025
First quarter$34 877 305,388 307,152 $0.30 
Second quarter1 27 307,152 307,787 0.30 
Third quarter1 25 307,787 307,828 0.30 
Fourth quarter23 543 307,828 308,493 0.30 
(a)Includes shares of common stock withheld to cover income taxes owed by participants in our share-based incentive plans.
(b)On January 19, 2026, our Board declared a quarterly cash dividend of $0.30 per share on all common stock. The dividend was paid on February 17, 2026, to shareholders of record at the close of business on February 2, 2026.
v3.25.4
Derivative Instruments and Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position
The following table summarizes the amounts of derivative instruments reported on our Consolidated Balance Sheet. The amounts are presented on a gross basis, are segregated by derivatives that are designated and qualifying as hedging instruments or those that are not, and are further segregated by type of contract within those two categories.
Derivative contracts in a receivable and payable position exclude open trade equity on derivatives cleared through central clearing counterparties. Any associated margin exchanged with our central clearing counterparties are treated as settlements of the derivative exposure, rather than collateral. Such payments are recognized as settlements of the derivatives contracts in a receivable and payable position on our Consolidated Balance Sheet.
Notional amounts are reference amounts from which contractual obligations are derived and are not recorded on the balance sheet. In our view, derivative notional is not an accurate measure of our derivative exposure when viewed in isolation from other factors, such as market rate fluctuations and counterparty credit risk.
20252024
Derivative contracts in a
Notional amount
Derivative contracts in a
Notional amount
December 31, ($ in millions)
receivable position
payable position
receivable position
payable position
Derivatives designated as accounting hedges
Interest rate contracts
Swaps
$— $— $23,257 $— $— $33,300 
Purchased options
— — 3,450 2 — 6,150 
Foreign exchange contracts
Forwards
— 4 199 8 — 170 
Total derivatives designated as accounting hedges
— 4 26,906 10 — 39,620 
Derivatives not designated as accounting hedges
Interest rate contracts
Forwards— — — — — 109 
Written options
— — — 1 — 63 
Total interest rate risk
— — — 1 — 172 
Foreign exchange contracts
Forwards— — 71 1 — 47 
Total foreign exchange risk— — 71 1 — 47 
Credit contracts
Credit-linked note derivatives— — 1,381 — — 669 
Other credit derivatives (a)— — n/a— 4 n/a
Total credit risk— — 1,381 — 4 669 
Total derivatives not designated as accounting hedges
— — 1,452 2 4 888 
Total derivatives
$— $4 $28,358 $12 $4 $40,508 
n/a = not applicable
(a)The maximum potential amount of undiscounted future payments that could be required under these credit derivatives was $10 million as of December 31, 2024.
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The following table presents amounts recorded on our Consolidated Balance Sheet related to cumulative basis adjustments for fair value hedges.

Carrying amount of the hedged itemsCumulative amount of fair value hedging adjustment included in the carrying amount of the hedged items
TotalDiscontinued (a)
December 31, ($ in millions)
202520242025202420252024
Assets
Available-for-sale securities (b)$15,240 $15,194 $7 $(248)$(54)$(132)
Finance receivables and loans, net (c)27,808 34,493 7 (51)1 (10)
Liabilities
Long-term debt$3,378 $5,987 $79 $88 $79 $88 
(a)Represents the fair value hedging adjustment on qualifying hedges for which the hedging relationship was discontinued. This represents a subset of the amounts reported in the total hedging adjustment.
(b)These amounts include the amortized cost basis and unallocated basis adjustments of closed portfolios of available-for-sale securities used to designate hedging relationships in which the hedged item is the stated amount of assets in the closed portfolios anticipated to be outstanding for the designated hedge period. At December 31, 2025, and December 31, 2024, the amortized cost basis and unallocated basis adjustments of the closed portfolios used in these hedging relationships was $13.7 billion and $13.9 billion, respectively, of which $13.4 billion and $13.6 billion, respectively, represents the amortized cost basis and unallocated basis adjustments of closed portfolios designated in an active hedge relationship. At December 31, 2025, and December 31, 2024, the total cumulative basis adjustments associated with these hedging relationships was a $8 million liability and a $209 million liability, respectively, of which the portion related to discontinued hedging relationships was a $54 million liability and a $103 million liability, respectively. At December 31, 2025, and December 31, 2024, the notional amounts of the designated hedged items were $11.0 billion and $12.0 billion, respectively, with cumulative basis adjustments of a $46 million asset and a $106 million liability, respectively, which would be allocated across the entire remaining closed pool upon dedesignation of the hedge relationship. Refer to Note 8 for a reconciliation of the amortized cost basis and fair value of available-for-sale securities.
(c)These amounts include the carrying value of closed portfolios of loan receivables used to designate hedging relationships in which the hedged item is the stated amount of assets in the closed portfolios anticipated to be outstanding for the designated hedge period. At December 31, 2025, and December 31, 2024, the carrying value of the closed portfolios used in these hedging relationships was $27.8 billion and $34.5 billion, respectively, of which $21.8 billion and $33.4 billion, respectively, represents the carrying value of closed portfolios designated in an active hedge relationship. At December 31, 2025, and December 31, 2024, the total cumulative basis adjustments associated with these hedging relationships was a $7 million asset and $51 million liability, respectively, of which the portion related to discontinued hedging relationships was a $1 million asset and a $10 million liability. At December 31, 2025, and December 31, 2024, the notional amounts of the designated hedged items were $10.8 billion and $20.1 billion, respectively, with cumulative basis adjustments of a $6 million asset and a $41 million liability, respectively, which would be allocated across the entire remaining closed pool upon dedesignation of the hedge relationship.
Schedule of Derivative Instruments Not Designated as Accounting Hedge
The following table summarizes the location and amounts of gains and losses on derivative instruments not designated as accounting hedges reported in our Consolidated Statement of Income.
Year ended December 31, ($ in millions)
202520242023
Gain (loss) recognized in earnings
Interest rate contracts
Gain on mortgage and automotive loans, net$1 $20 $18 
Other income, net of losses
— — (1)
Total interest rate contracts1 20 17 
Foreign exchange contracts
Other operating expenses(1)3 — 
Total foreign exchange contracts
(1)3 — 
Credit contracts
Other income, net of losses— 1 (5)
Total credit contracts— 1 (5)
Equity contracts
Other income, net of losses
(1)3 (11)
Total equity contracts(1)3 (11)
Total (loss) gain recognized in earnings$(1)$27 $1 
Schedule of Location and Amounts of Gains and Losses on Derivative Instruments
The following table summarizes the location and amounts of gains and losses on derivative instruments designated as qualifying fair value and cash flow hedges reported in our Consolidated Statement of Income.
Interest and fees on finance receivables and loansInterest and dividends on investment securities and other earning assetsInterest on long-term debt
Year ended December 31, ($ in millions)
202520242023202520242023202520242023
Gain (loss) on fair value hedging relationships
Interest rate contracts 
Hedged fixed-rate unsecured debt$— $— $— $— $— $— $— $— $1 
Derivatives designated as hedging instruments on fixed-rate unsecured debt— — — — — — — — (1)
Hedged available-for-sale securities— — — 208 (193)76 — — — 
Derivatives designated as hedging instruments on available-for-sale securities— — — (208)193 (76)— — — 
Hedged fixed-rate consumer automotive loans55 25 491 — — — — — — 
Derivatives designated as hedging instruments on fixed-rate consumer automotive loans(55)(25)(491)— — — — — — 
Total gain (loss) on fair value hedging relationships— — — — — — — — — 
(Loss) gain on cash flow hedging relationships
Interest rate contracts
Hedged variable-rate commercial loans
Reclassified from accumulated other comprehensive loss into income(32)(12)14 — — — — — — 
Total (loss) gain on cash flow hedging relationships$(32)$(12)$14 $— $— $— $— $— $— 
Total amounts presented in the Consolidated Statement of Income
$10,697 $11,394 $11,020 $972 $1,037 $1,022 $1,068 $1,017 $1,001 
Schedule of Location and Amounts of Gains and Losses Related to Interest and Amortization on Derivative Instruments
The following table summarizes the location and amounts of gains and losses related to interest and amortization on derivative instruments designated as qualifying fair value and cash flow hedges reported in our Consolidated Statement of Income.
Interest and fees on finance receivables and loansInterest and dividends on investment securities and other earning assetsInterest on long-term debt
Year ended December 31, ($ in millions)
202520242023202520242023202520242023
Gain on fair value hedging relationships
Interest rate contracts
Amortization of deferred unsecured debt basis adjustments$— $— $— $— $— $— $9 $9 $9 
Amortization of deferred secured debt basis adjustments (FHLB advances)— — — — — — — 2 2 
Amortization of deferred basis adjustments of available-for-sale securities— — — 17 23 23 — — — 
Interest for qualifying accounting hedges of available-for-sale securities— — — 59 177 134 — — — 
Amortization of deferred loan basis adjustments3 15 32 — — — — — — 
Interest for qualifying accounting hedges of consumer automotive loans held for investment62 241 616 — — — — — — 
Total gain on fair value hedging relationships$65 $256 $648 $76 $200 $157 $9 $11 $11 
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The following table summarizes the effect of cash flow hedges on accumulated other comprehensive loss.
Year ended December 31, ($ in millions)
202520242023
Interest rate contracts
Gain (loss) recognized in other comprehensive income$30 $(16)$(36)
Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss)
The following table summarizes the effect of net investment hedges on accumulated other comprehensive loss.
Year ended December 31, ($ in millions)
202520242023
Foreign exchange contracts (a) (b)
(Loss) gain recognized in other comprehensive income$(6)$16 $(3)
(a)There were no amounts excluded from effectiveness testing for the years ended December 31, 2025, 2024, or 2023.
(b)Gains and losses reclassified from accumulated other comprehensive loss are reported as other income, net of losses, in our Consolidated Statement of Income. There were no amounts reclassified for the years ended December 31, 2025, 2024, or 2023.
v3.25.4
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense
The significant components of income tax expense from continuing operations were as follows.
Year ended December 31, ($ in millions)
202520242023
Income from continuing operations before income tax expense
Domestic$1,031 $817 $1,086 
Foreign20 19 17 
Total income from continuing operations1,051 836 1,103 
Current income tax expense
U.S. federal226 107 85 
Foreign6 6 5 
State and local135 26 36 
Total current expense367 139 126 
Deferred income tax (benefit) expense
U.S. federal(47)53 26 
Foreign— 1 (1)
State and local(121)(26)(7)
Total deferred (benefit) expense(168)28 18 
Total income tax expense from continuing operations$199 $167 $144 
Schedule of Effective Income Tax Rate Reconciliation
A reconciliation of income tax expense from continuing operations with the amounts at the statutory U.S. federal income tax rate is shown in the following table.
202520242023
Year ended December 31, ($ in millions)
AmountPercentAmountPercentAmountPercent
Statutory U.S. federal tax expense$221 21 %$175 21 %$232 21 %
Domestic federal reconciling items
Nontaxable or nondeductible items
Nondeductible FDIC premium expenses32 3 34 4 33 3 
Goodwill impairment15 1 5 1 — — 
Other (a)6 1 4 1 3 — 
Tax credits
Low-income housing tax credits (b)(55)(5)(40)(5)(37)(3)
Research and development credits(36)(3)(3)— (5)— 
Foreign tax credits (c)11 1 (1)— 367 33 
Other(1)— — — (7)(1)
Changes in valuation allowances (d)(13)(1)(14)(2)(476)(43)
Effects of cross-border tax laws3 — 4 — 4 — 
State & local income taxes, net of federal income tax benefit (e)14 1 16 2 31 3 
Foreign tax effects
Canada2 — 3 — 1 — 
Changes in unrecognized tax benefits— — (16)(2)(2)— 
Total income tax expense from continuing operations$199 19 %$167 20 %$144 13 %
(a)Includes tax effects of share-based payment awards.
(b)Includes investment amortization. Refer to Note 1 for additional information on the accounting for investments in tax credit structures using the proportional amortization method.
(c)Includes tax expense associated with the expiration of unused foreign tax credits.
(d)Includes tax benefits related to the reduction of valuation allowance associated with the expiration of unused foreign tax credits.
(e)For the year ended December 31, 2025, state taxes in New York and Florida made up the majority of the tax effect in this category, compared to state taxes in New York, Florida, and Texas, and state taxes in Florida, Maryland and Georgia, for the years ended December 31, 2024, and 2023, respectively.
Schedule of Deferred Tax Assets and Liabilities
The significant components of deferred tax assets and liabilities are reflected in the following table.
December 31, ($ in millions)
20252024
Deferred tax assets
Adjustments to securities and hedging transactions (a)$820 $1,080 
Tax credit carryforwards690 679 
Adjustments to loan value751 420 
State and local taxes352 301 
Fixed assets272 257 
Internally generated intangible assets168 107 
Other332 347 
Gross deferred tax assets3,385 3,191 
Valuation allowance(122)(138)
Deferred tax assets, net of valuation allowance3,263 3,053 
Deferred tax liabilities
Lease transactions434 653 
Deferred acquisition costs374 380 
Long-term debt58 62 
Other71 52 
Gross deferred tax liabilities937 1,147 
Net deferred tax assets (b)$2,326 $1,906 
(a)Securities include deferred tax assets related to available-for-sale securities, held-to-maturity securities, and equity securities. There were $613 million and $882 million of deferred tax assets related to available-for-sale securities, at December 31, 2025, and 2024, respectively.
(b)Amounts include $2.3 billion and $1.9 billion of net deferred tax assets included in other assets on our Consolidated Balance Sheet for tax jurisdictions in a total net deferred tax asset position at December 31, 2025, and 2024, respectively, and $8 million and $10 million included in accrued expenses and other liabilities on our Consolidated Balance Sheet for tax jurisdictions in a total net deferred tax liability position at December 31, 2025, and 2024, respectively.
Schedule of Valuation Allowance
The following table summarizes net deferred tax assets including related valuation allowances at December 31, 2025.
($ in millions)Deferred tax assetValuation allowanceNet deferred tax assetYears of expiration
Tax credit carryforwards
General business credits$664 $— $664 2044 - 2045
Foreign tax credits26 (13)13 2027 - 2035
Total tax credit carryforwards690 (13)677 
Tax loss carryforwards
Net operating losses — state110 (109)1 2026 - Indefinite
Net operating losses — federal6 — 6 2028 - Indefinite
Total U.S. federal and state tax loss carryforwards116 (109)7 
Other net deferred tax assets1,642 — 1,642 n/a
Net deferred tax assets$2,448 $(122)$2,326 
n/a = not applicable
Schedule of Unrecognized Tax Benefits
The following table provides a reconciliation of the beginning and ending amount of unrecognized tax benefits.
($ in millions)202520242023
Balance at January 1,$77 $91 $46 
Increases related to positions taken during the current year91 — — 
Increases related to positions taken during prior years1 6 48 
Decreases related to positions taken during prior years— (20)(2)
Settlements(1)— (1)
Expiration of statute of limitations— — — 
Balance at December 31,$168 $77 $91 
Schedule of Cash Paid for Taxes
The following table provides a disaggregation of the amount of cash paid for income taxes, net of refunds.
Year ended December 31, ($ in millions)
202520242023
U.S. federal $220 $107 $(65)
U.S. state and local
Florida22 *8 
California18 **
Other92 16 32 
Foreign
Canada*12 *
Other7 — (2)
Total income taxes paid (net of refunds)$359 $135 $(27)
* = jurisdiction below the disaggregation threshold for the period presented and not separately disclosed.
v3.25.4
Share-based Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Non-Vested PSUs and RSUs Activity
The following table presents the changes in outstanding non-vested PSUs and RSUs activity for share-settled awards during 2025.
(in thousands, except per share data)Number of unitsWeighted-average grant date fair value per share
RSUs and PSUs
Outstanding non-vested at January 1, 20256,619 $35.55 
Modified awards to settle in cash (a)(58)38.94 
Granted3,070 39.70 
Vested(3,513)38.50 
Forfeited(552)38.24 
Outstanding non-vested at December 31, 20255,566 35.66 
(a)During 2025, certain non-vested PSUs were modified and reclassified to liability-based awards as we intend to settle them in cash upon vesting.
v3.25.4
Fair Value (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on a Recurring Basis
The following tables display the assets and liabilities measured at fair value on a recurring basis including financial instruments elected for the fair value option. We often economically hedge the fair value change of our assets or liabilities with derivatives. The tables below display the hedges separately from the hedged items; therefore, they do not directly display the impact of our risk-management activities.
Recurring fair value measurements
December 31, 2025 ($ in millions)
Level 1Level 2Level 3Total
Assets
Investment securities
Equity securities (a) (b)$819 $— $— $819 
Available-for-sale securities
Debt securities
U.S. Treasury and federal agencies
2,279 — — 2,279 
U.S. States and political subdivisions
— 517 34 551 
Foreign government31 157 — 188 
Agency mortgage-backed residential
— 12,901 — 12,901 
Mortgage-backed residential
— 198 — 198 
Agency mortgage-backed commercial— 4,932 — 4,932 
Asset-backed— 12 — 12 
Corporate debt
— 1,912 — 1,912 
Total available-for-sale securities2,310 20,629 34 22,973 
Total assets$3,129 $20,629 $34 $23,792 
Liabilities
Accrued expenses and other liabilities
Derivative contracts in a payable position
Foreign exchange$— $4 $— $4 
Total derivative contracts in a payable position
— 4 — 4 
Total liabilities$— $4 $— $4 
(a)Our direct investment in any one industry did not exceed 11%. When performing the concentration calculation, mutual funds and ETFs are not allocated to any one industry.
(b)Excludes $57 million of equity securities that are measured at fair value using the net asset value practical expedient and therefore are not classified in the fair value hierarchy.
Recurring fair value measurements
December 31, 2024 ($ in millions)
Level 1Level 2Level 3Total
Assets
Investment securities
Equity securities (a) (b)$820 $— $— $820 
Available-for-sale securities
Debt securities
U.S. Treasury and federal agencies
1,873 — — 1,873 
U.S. States and political subdivisions
— 582 35 617 
Foreign government36 158 — 194 
Agency mortgage-backed residential
— 13,653 — 13,653 
Mortgage-backed residential
— 206 — 206 
Agency mortgage-backed commercial— 3,984 — 3,984 
Asset-backed— 129 — 129 
Corporate debt
— 1,754 — 1,754 
Total available-for-sale securities1,909 20,466 35 22,410 
Loans held-for-sale (c)— 11 5 16 
Other assets
Derivative contracts in a receivable position
Interest rate— 2 1 3 
Foreign exchange— 9 — 9 
Total derivative contracts in a receivable position— 11 1 12 
Total assets$2,729 $20,488 $41 $23,258 
Liabilities
Accrued expenses and other liabilities
Derivative contracts in a payable position
Credit$— $— $4 $4 
Total derivative contracts in a payable position
— — 4 4 
Total liabilities$— $— $4 $4 
(a)Our direct investment in any one industry did not exceed 14%. When performing the concentration calculation, mutual funds and ETFs are not allocated to any one industry.
(b)Excludes $51 million of equity securities that are measured at fair value using the net asset value practical expedient and therefore are not classified in the fair value hierarchy.
(c)Consumer mortgage loans carried at fair value due to fair value option elections.
Schedule of Fair Value, Assets Measured on a Recurring Basis, Unobservable Input Reconciliation
The following tables present the reconciliation for all Level 3 assets and liabilities measured at fair value on a recurring basis. We often economically hedge the fair value change of our assets or liabilities with derivatives and other financial instruments. The Level 3 items presented below may be hedged by derivatives and other financial instruments that are classified as Level 1 or Level 2. Thus, the following tables do not fully reflect the impact of our risk-management activities.
Equity securitiesAvailable-for-sale securitiesLoans
held-for-sale (a)
($ in millions)202520242025202420252024
Assets
Fair value at January 1,$— $1 $35 $9 $5 $— 
Net realized/unrealized gains
Included in earnings— — — — — — 
Included in OCI— — — — — — 
Purchases and originations (b)— — — 29 9 31 
Sales— — — — (14)(26)
Issuances— — — — — — 
Settlements— — (1)(3)— — 
Transfers into Level 3— — — — — — 
Transfers out of Level 3— (1)— — — — 
Fair value at December 31,
$— $— $34 $35 $— $5 
Net unrealized gains still held at December 31,
Included in earnings$— $— $— $— $— $— 
Included in OCI— — — — — — 
(a)Consumer mortgage loans carried at fair value due to fair value option elections.
(b)Includes a $27 million reclassification of a commercial and industrial exposure to an available-for-sale debt security during the year ended December 31, 2024.
Derivative liabilities, net of derivative assets (a)
($ in millions)20252024
Liabilities
Fair value at January 1,$3 $8 
Net realized/unrealized gains
Included in earnings(1)(18)
Included in OCI— — 
Purchases and originations— — 
Sales— — 
Issuances— — 
Settlements(4)(4)
Transfers into Level 3— — 
Transfers out of Level 3 (b)2 17 
Fair value at December 31,
$— $3 
Net unrealized gains still held at December 31,
Included in earnings$— $(7)
Included in OCI— — 
(a)Net realized/unrealized gains are reported as (loss) gain on mortgage and automotive loans, net, and other income, net of losses, in our Consolidated Statement of Income.
(b)Represents the settlement value of interest rate derivative assets that are transferred to loans held-for-sale within Level 2 of the fair value hierarchy during the years ended December 31, 2025, and December 31, 2024. These transfers are deemed to have occurred at the end of the reporting period.
Schedule of Fair Value Measurements - Nonrecurring Basis
The following tables display assets and liabilities measured at fair value on a nonrecurring basis and still held at December 31, 2025, and December 31, 2024, respectively. The amounts are generally as of the end of each period presented, which approximate the fair value measurements that occurred during each period.
Nonrecurring fair value measurements
Lower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustments
Total gain (loss) included in earnings
December 31, 2025 ($ in millions)
Level 1
Level 2
Level 3
Total
Assets
Loans held-for-sale, net$— $— $545 $545 $(32)n/m(a)
Commercial finance receivables and loans, net (b)
Other
— — 27 27 (97)n/m(a)
Total commercial finance receivables and loans, net
— — 27 27 (97)n/m(a)
Other assets
Nonmarketable equity investments— 9 1 10 4 n/m(a)
Repossessed and foreclosed assets (c)— — 7 7 (1)n/m(a)
Total assets
$— $9 $580 $589 $(126)n/m
n/m = not meaningful
(a)We consider the applicable valuation reserve, allowance for loan losses, or cumulative adjustments to be the most relevant indicator of the impact on earnings caused by the fair value measurement. Accordingly, the table above excludes total gains and losses included in earnings for these items. The carrying values are inclusive of the respective valuation reserve, loan loss allowance, or cumulative adjustment.
(b)Represents collateral-dependent loans held for investment for which a nonrecurring measurement was made. The related allowance for loan losses represents the cumulative fair value adjustments for those specific receivables.
(c)The allowance provided for repossessed and foreclosed assets represents any cumulative valuation adjustment recognized to adjust the assets to fair value.
Nonrecurring fair value measurementsLower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustmentsTotal gain (loss) included in earnings
December 31, 2024 ($ in millions)
Level 1Level 2Level 3Total
Assets
Loans held-for-sale, net$— $— $143 $143 $— n/m(a)
Commercial finance receivables and loans, net (b)
Automotive— — 13 13 (2)n/m(a)
Other— — 26 26 (63)n/m(a)
Total commercial finance receivables and loans, net— — 39 39 (65)n/m(a)
Other assets
Goodwill (c)— — 362 362 (118)n/m(a)
Repossessed and foreclosed assets (d)— — 8 8 (1)n/m(a)
Total assets$— $— $552 $552 $(184)n/m
n/m = not meaningful
(a)We consider the applicable valuation reserve, allowance for loan losses, or cumulative adjustments to be the most relevant indicator of the impact on earnings caused by the fair value measurement. Accordingly, the table above excludes total gains and losses included in earnings for these items. The carrying values are inclusive of the respective valuation reserve, loan loss allowance, or cumulative adjustment.
(b)Represents collateral-dependent loans held for investment for which a nonrecurring measurement was made. The related allowance for loan losses represents the cumulative fair value adjustments for those specific receivables.
(c)As of December 31, 2024, we recognized a $118 million impairment of goodwill at Ally Credit Card. Refer to Note 13 for further discussion.
(d)The allowance provided for repossessed and foreclosed assets represents any cumulative valuation adjustment recognized to adjust the assets to fair value.
Schedule of Fair Value, by Balance Sheet Grouping
The following table presents the carrying and estimated fair value of financial instruments, except for those recorded at fair value on a recurring basis presented in the previous section of this note titled Recurring Fair Value. When possible, we use quoted market prices to determine fair value. Where quoted market prices are not available, the fair value is internally derived based on appropriate valuation methodologies with respect to the amount and timing of future cash flows and estimated discount rates. However, considerable judgment is required in interpreting current market data to develop the market assumptions and inputs necessary to estimate fair value. As such, the actual amount received to sell an asset or the amount paid to settle a liability could differ from our estimates. Fair value information presented herein was based on information available at December 31, 2025, and December 31, 2024.
Estimated fair value
($ in millions)
Carrying value
Level 1
Level 2
Level 3
Total
December 31, 2025
Financial assets
Held-to-maturity securities
$4,371 $— $4,451 $— $4,451 
Loans held-for-sale, net
549 — — 560 560 
Finance receivables and loans, net
133,964 — — 137,579 137,579 
FHLB/FRB stock (a)
811 — 811 — 811 
Financial liabilities
Deposit liabilities
$42,310 $— $— $42,523 $42,523 
Short-term borrowings
4,695 — — 4,706 4,706 
Long-term debt
17,070 — 12,642 5,707 18,349 
December 31, 2024
Financial assets
Held-to-maturity securities$4,346 $— $4,293 $— $4,293 
Loans held-for-sale, net144 — — 144 144 
Finance receivables and loans, net132,316 — — 134,603 134,603 
FHLB/FRB stock (a)698 — 698 — 698 
Financial liabilities
Deposit liabilities$47,242 $— $— $47,403 $47,403 
Short-term borrowings1,625 — — 1,625 1,625 
Long-term debt17,495 — 13,535 4,982 18,517 
(a)Included in other assets on our Consolidated Balance Sheet.
v3.25.4
Offsetting Assets and Liabilities (Tables)
 12 Months Ended
Dec. 31, 2025
Offsetting [Abstract]  
Schedule of Offsetting Assets
The composition of offsetting derivative instruments, financial assets, and financial liabilities was as follows.
Gross amounts of recognized assets/liabilitiesGross amounts offset on the Consolidated Balance SheetNet amounts of assets/liabilities presented on the Consolidated Balance SheetGross amounts not offset on the Consolidated Balance Sheet
December 31, ($ in millions)
Financial instruments
Collateral (a) (b) (c)
Net amount
2025
Assets
Derivative assets$— $— $— $— $— $— 
Total assets
$— $— $— $— $— $— 
Liabilities
Derivative liabilities$4 $— $4 $— $(4)$— 
Securities sold under agreements to repurchase (d)545 — 545 — (545)— 
Total liabilities$549 $— $549 $— $(549)$— 
2024
Assets
Derivative assets (e)$12 $— $12 $— $(10)$2 
Total assets
$12 $— $12 $— $(10)$2 
Liabilities
Derivative liabilities (f)$4 $— $4 $— $— $4 
Total liabilities$4 $— $4 $— $— $4 
(a)Financial collateral received or pledged shown as a balance based on the sum of all net asset and liability positions between Ally and each individual derivative counterparty.
(b)Amounts disclosed are limited to the financial asset or liability balance and, accordingly, exclude excess collateral received or pledged and noncash collateral received. We do not record noncash collateral received on our Consolidated Balance Sheet unless certain conditions are met.
(c)Certain agreements grant us the right to sell or pledge the noncash assets we receive as collateral. We have not sold or pledged any of the noncash collateral received under these agreements.
(d)For additional information on securities sold under agreements to repurchase, refer to Note 15.
(e)Includes derivative assets with no offsetting arrangements of $1 million as of December 31, 2024.
(f)Includes derivative liabilities with no offsetting arrangements of $4 million as of December 31, 2024.
Schedule of Offsetting Liabilities
The composition of offsetting derivative instruments, financial assets, and financial liabilities was as follows.
Gross amounts of recognized assets/liabilitiesGross amounts offset on the Consolidated Balance SheetNet amounts of assets/liabilities presented on the Consolidated Balance SheetGross amounts not offset on the Consolidated Balance Sheet
December 31, ($ in millions)
Financial instruments
Collateral (a) (b) (c)
Net amount
2025
Assets
Derivative assets$— $— $— $— $— $— 
Total assets
$— $— $— $— $— $— 
Liabilities
Derivative liabilities$4 $— $4 $— $(4)$— 
Securities sold under agreements to repurchase (d)545 — 545 — (545)— 
Total liabilities$549 $— $549 $— $(549)$— 
2024
Assets
Derivative assets (e)$12 $— $12 $— $(10)$2 
Total assets
$12 $— $12 $— $(10)$2 
Liabilities
Derivative liabilities (f)$4 $— $4 $— $— $4 
Total liabilities$4 $— $4 $— $— $4 
(a)Financial collateral received or pledged shown as a balance based on the sum of all net asset and liability positions between Ally and each individual derivative counterparty.
(b)Amounts disclosed are limited to the financial asset or liability balance and, accordingly, exclude excess collateral received or pledged and noncash collateral received. We do not record noncash collateral received on our Consolidated Balance Sheet unless certain conditions are met.
(c)Certain agreements grant us the right to sell or pledge the noncash assets we receive as collateral. We have not sold or pledged any of the noncash collateral received under these agreements.
(d)For additional information on securities sold under agreements to repurchase, refer to Note 15.
(e)Includes derivative assets with no offsetting arrangements of $1 million as of December 31, 2024.
(f)Includes derivative liabilities with no offsetting arrangements of $4 million as of December 31, 2024.
v3.25.4
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Financial information for our reportable operating segments is summarized as follows.
Year ended December 31, 2025 ($ in millions)
Automotive Finance operationsInsurance operationsCorporate Finance operationsCorporate and OtherConsolidated (a)
Net financing revenue and other interest income
Total financing revenue and other interest income$10,551 $188 $932 $1,850 $13,521 
Total interest expense4,431 59 498 1,420 6,408 
Net depreciation expense on operating lease assets937 — — — 937 
Net financing revenue and other interest income5,183 129 434 430 6,176 
Other revenue389 1,596 104 (351)1,738 
Total net revenue5,572 1,725 538 79 7,914 
Provision for credit losses1,709 — 31 (263)1,477 
Noninterest expense
Compensation and benefits expense693 113 82 969 1,857 
Insurance losses and loss adjustment expenses— 616 — — 616 
Goodwill impairment (b)— — — 305 305 
Other operating expenses
Technology and communications expenses119 19 5 286 429 
Other (c)1,411 777 55 (64)2,179 
Total other operating expenses1,530 796 60 222 2,608 
Total noninterest expense2,223 1,525 142 1,496 5,386 
Income (loss) from continuing operations before income tax expense (benefit)$1,640 $200 $365 $(1,154)$1,051 
Total assets$115,753 $9,931 $12,989 $57,329 $196,002 
(a)Net financing revenue and other interest income after the provision for credit losses totaled $4.7 billion for the year ended December 31, 2025.
(b)Impairment of goodwill related to Ally Credit Card for the year ended December 31, 2025. Refer to Note 13 for additional information.
(c)Primarily consists of insurance commissions, advertising and marketing, and property and equipment depreciation expenses. Refer to Note 7 for additional information.
Year ended December 31, 2024 ($ in millions)
Automotive Finance operationsInsurance operationsCorporate Finance operationsCorporate and OtherConsolidated (a)
Net financing revenue and other interest income
Total financing revenue and other interest income$10,473 $168 $1,006 $2,575 $14,222 
Total interest expense4,266 54 550 2,602 7,472 
Net depreciation expense on operating lease assets736 — — — 736 
Net financing revenue and other interest income5,471 114 456 (27)6,014 
Other revenue363 1,507 123 174 2,167 
Total net revenue5,834 1,621 579 147 8,181 
Provision for credit losses1,905 — 8 253 2,166 
Noninterest expense
Compensation and benefits expense668 108 80 986 1,842 
Insurance losses and loss adjustment expenses— 544 — — 544 
Goodwill impairment (b)— — — 118 118 
Other operating expenses
Technology and communications expenses129 19 5 285 438 
Other (c)1,316 782 52 87 2,237 
Total other operating expenses1,445 801 57 372 2,675 
Total noninterest expense2,113 1,453 137 1,476 5,179 
Income (loss) from continuing operations before income tax expense (benefit)$1,816 $168 $434 $(1,582)$836 
Total assets$113,057 $9,325 $9,704 $59,750 $191,836 
(a)Net financing revenue and other interest income after the provision for credit losses totaled $3.8 billion for the year ended December 31, 2024.
(b)Impairment of goodwill related to Ally Credit Card for the year ended December 31, 2024. Refer to Note 13 for additional information.
(c)Primarily consists of insurance commissions, advertising and marketing, and property and equipment depreciation expenses. Refer to Note 7 for additional information.
Year ended December 31, 2023 ($ in millions)
Automotive Finance operationsInsurance operationsCorporate Finance operationsCorporate and OtherConsolidated (a)
Net financing revenue and other interest income
Total financing revenue and other interest income$9,721 $149 $980 $3,108 $13,958 
Total interest expense3,364 45 550 2,938 6,897 
Net depreciation expense on operating lease assets840 — — — 840 
Net financing revenue and other interest income5,517 104 430 170 6,221 
Other revenue321 1,428 104 160 2,013 
Total net revenue5,838 1,532 534 330 8,234 
Provision for credit losses1,618 — 52 298 1,968 
Noninterest expense
Compensation and benefits expense668 108 78 1,047 1,901 
Insurance losses and loss adjustment expenses— 422 — — 422 
Goodwill impairment (b)— — — 149 149 
Other operating expenses
Technology and communications expenses126 18 5 287 436 
Other (c)1,212 768 45 230 2,255 
Total other operating expenses1,338 786 50 517 2,691 
Total noninterest expense2,006 1,316 128 1,713 5,163 
Income (loss) from continuing operations before income tax expense (benefit)$2,214 $216 $354 $(1,681)$1,103 
Total assets$115,301 $9,081 $11,212 $60,735 $196,329 
(a)Net financing revenue and other interest income after the provision for credit losses totaled $4.3 billion for the year ended December 31, 2023.
(b)Impairment of goodwill related to Ally Lending for the year ended December 31, 2023.
(c)Primarily consists of insurance commissions, advertising and marketing, and lease and loan administration expenses. Refer to Note 7 for additional information.
v3.25.4
Parent Company Condensed Financial Information (Tables) - Parent company
 12 Months Ended
Dec. 31, 2025
Entity Listings [Line Items]  
Schedule of Condensed Statement of Comprehensive Income
Condensed Statement of Comprehensive Income
Year ended December 31, ($ in millions)
202520242023
Net financing loss and other interest income (a)$(961)$(884)$(945)
Dividends from bank subsidiaries1,150 1,200 1,350 
Dividends from nonbank subsidiaries— — 250 
Total other revenue175 134 169 
Total net revenue364 450 824 
Provision for credit losses5 8 (14)
Total noninterest expense435 473 466 
(Loss) income from continuing operations before income tax benefit and undistributed income of subsidiaries(76)(31)372 
Income tax benefit from continuing operations (b)(273)(327)(408)
Net income from continuing operations197 296 780 
Loss from discontinued operations, net of tax— (1)(2)
Equity in undistributed earnings of subsidiaries655 373 179 
Net income852 668 957 
Other comprehensive income (loss), net of tax1,138 (108)243 
Comprehensive income$1,990 $560 $1,200 
(a)Net financing loss and other interest income is primarily driven by interest expense on long-term debt.
(b)There is a significant variation in the customary relationship between pretax income and income tax benefit due to our accounting policy elections and consolidated tax adjustments. The income tax benefit excludes tax effects on dividends from subsidiaries.
Schedule of Condensed Balance Sheet
Condensed Balance Sheet
December 31, ($ in millions)
20252024
Assets
Cash and cash equivalents (a)$2,955 $4,579 
Equity securities— 1 
Finance receivables and loans, net of unearned income864 810 
Allowance for loan losses3 10 
Total finance receivables and loans, net867 820 
Investments in subsidiaries
Bank subsidiaries15,277 13,777 
Nonbank subsidiaries5,634 5,335 
Intercompany receivables from subsidiaries393 251 
Investment in operating leases, net12 10 
Other assets2,057 1,774 
Total assets$27,195 $26,547 
Liabilities and equity
Long-term debt (b)$10,020 $11,068 
Interest payable156 134 
Intercompany debt to subsidiaries997 1,046 
Intercompany payables to subsidiaries74 39 
Accrued expenses and other liabilities450 357 
Total liabilities11,697 12,644 
Total equity15,498 13,903 
Total liabilities and equity$27,195 $26,547 
(a)Includes $2.9 billion and $4.5 billion deposited by the Parent at Ally Bank as of December 31, 2025, and 2024, respectively. These funds are available to the Parent for liquidity purposes.
(b)Includes $2.0 billion of the outstanding principal balance of senior notes fully and unconditionally guaranteed by subsidiaries of the Parent as of both December 31, 2025, and 2024.
Schedule of Condensed Statement of Cash Flows
Condensed Statement of Cash Flows
Year ended December 31, ($ in millions)
202520242023
Operating activities
Net cash provided by operating activities$275 $511 $879 
Investing activities
Proceeds from sales of finance receivables and loans initially held-for-investment— 6 1 
Originations and repayments of finance receivables and loans initially held-for-investment and other, net(88)(89)(37)
Net change in loans — intercompany(68)(51)(290)
Proceeds from sales of equity securities1 — 5 
Capital contributions to subsidiaries(2)(4)(8)
Returns of contributed capital— — 1 
Net change in nonmarketable equity investments(4)— (2)
Other, net(15)(27)(10)
Net cash used in investing activities(176)(165)(340)
Financing activities
Proceeds from issuance of long-term debt1,425 2,050 2,410 
Repayments of long-term debt(2,551)(1,482)(2,087)
Net change in debt — intercompany(49)274 227 
Repurchase of common stock(59)(38)(33)
Common stock dividends paid(379)(372)(368)
Preferred stock dividends paid(110)(110)(110)
Net cash (used in) provided by financing activities(1,723)322 39 
Net (decrease) increase in cash and cash equivalents and restricted cash(1,624)668 578 
Cash and cash equivalents and restricted cash at beginning of year4,612 3,944 3,366 
Cash and cash equivalents and restricted cash at end of year$2,988 $4,612 $3,944 
The following table provides a reconciliation of cash and cash equivalents and restricted cash from the Condensed Balance Sheet to the Condensed Statement of Cash Flows.
Year ended December 31, ($ in millions)
20252024
Cash and cash equivalents on the Condensed Balance Sheet $2,955 $4,579 
Restricted cash included in other assets on the Condensed Balance Sheet (a)33 33 
Total cash and cash equivalents and restricted cash in the Condensed Statement of Cash Flows$2,988 $4,612 
(a)Restricted cash balances relate primarily to Ally securitization arrangements. Refer to Note 13 for additional details describing the nature of restricted cash balances.
v3.25.4
Guarantees and Commitments (Tables)
 12 Months Ended
Dec. 31, 2025
Guarantees and Product Warranties [Abstract]  
Schedule of Guarantor Obligations
Guarantees are defined as contracts or indemnification agreements that contingently require us to make payments to third-parties based on changes in the underlying agreements with the guaranteed parties. The following summarizes our outstanding guarantees made to third-parties on our Consolidated Balance Sheet.
20252024
December 31, ($ in millions)
Maximum liabilityCarrying value of liabilityMaximum liabilityCarrying value of liability
Standby letters of credit and other guarantees$302 $— $267 $— 
Schedule of Financing Commitments
The contractual commitments were as follows.
December 31, ($ in millions)
20252024
Unused revolving credit line commitments and other (a)$10,093 $10,027 
Commitments to provide capital to investees (b)1,072 1,227 
Construction-lending commitments (c)270 166 
Home equity lines of credit (d)97 116 
(a)The unused portion of revolving lines of credit reset at prevailing market rates and, approximate fair value.
(b)We are committed to contribute capital to certain investees.
(c)We are committed to fund the remaining unused balance while loans are in the construction period.
(d)Our home equity loans were transferred from held-for-investment to held-for-sale during the year ended December 31, 2025. We are committed to fund the remaining unused balances on home equity lines of credit until they are sold.
Schedule of Contractual Commitments
We have entered into multiple agreements for sponsorship, information technology, voice and communication technology, and related maintenance. Many of the agreements are subject to variable price provisions, fixed or minimum price provisions, and termination or renewal provisions. The following table presents our total future payment obligations expiring after December 31, 2025.
Year ended December 31, ($ in millions)
2026$202 
2027102 
202855 
20298 
Total future payment obligations$367 
v3.25.4
Description of Business, Basis of Presentation, and Changes in Significant Accounting Policies - Narrative (Details)
 3 Months Ended 12 Months Ended
Mar. 31, 2024
Dec. 31, 2025
USD ($)
Jun. 30, 2025
Dec. 31, 2025
USD ($)
segment
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Number of loan portfolio segments | segment       4    
Financing receivable, allowance for credit loss, excluding accrued interest, forecast period 12 months   24 months      
Financing receivable, allowance for credit loss, excluding accrued interest, reversion period 24 months   12 months      
Operating lease impairment loss       $ 0 $ 0 $ 0
Impairment, long-lived assets       $ 0 $ 0 $ 0
Minimum            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Property and equipment useful life   3 years   3 years    
Minimum | Capitalized software            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Property and equipment useful life   3 years   3 years    
Maximum            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Property and equipment useful life   30 years   30 years    
Maximum | Capitalized software            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Property and equipment useful life   5 years   5 years    
Consumer | Consumer mortgage            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Financing receivable, reclassification to held-for-sale   $ 366,000,000        
v3.25.4
Held-for-sale Operations (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Goodwill impairment   $ 305 $ 118 $ 149
Benefit to provision for credit losses   (1,477) (2,166)  
Disposal Group, Held-for-Sale or Disposed of by Sale, Not Discontinued Operations | Ally Credit Card        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Additional pretax loss   8    
Benefit to provision for credit losses   306    
Impairment of other assets   2    
Valuation allowance on other assets   7    
Corporate and Other        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Goodwill impairment   305 118 $ 149
Corporate and Other | Disposal Group, Held-for-Sale or Disposed of by Sale, Not Discontinued Operations | Ally Credit Card        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Goodwill impairment $ 118 $ 305 $ 118  
v3.25.4
Revenue from Contracts with Customers (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers $ 1,244 $ 1,198 $ 968  
All other revenue 494 969 1,045  
Total other revenue 1,738 2,167 2,013  
Remarketing (loss) gains, net (28) 132 211  
Automotive Finance operations        
Disaggregation of Revenue [Line Items]        
Remarketing (loss) gains, net (28) 132 211  
Noninsurance contracts        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 966 909 686  
Noninsurance contracts | Insurance operations        
Disaggregation of Revenue [Line Items]        
Unearned revenue, remaining performance obligation, amount 3,000 3,000 3,000 $ 3,000
Unearned revenue, revenue recognized 954 973 973  
Capitalized contract cost, net 1,800 1,800 1,800  
Capitalized contract cost, amortization 553 577 580  
Noninsurance contracts | Insurance operations | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01        
Disaggregation of Revenue [Line Items]        
Unearned revenue, remaining performance obligation, amount $ 857      
Remaining performance obligation, expected timing of satisfaction, period 1 year      
Noninsurance contracts | Insurance operations | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01        
Disaggregation of Revenue [Line Items]        
Unearned revenue, remaining performance obligation, amount $ 713      
Remaining performance obligation, expected timing of satisfaction, period 1 year      
Noninsurance contracts | Insurance operations | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01        
Disaggregation of Revenue [Line Items]        
Unearned revenue, remaining performance obligation, amount $ 560      
Remaining performance obligation, expected timing of satisfaction, period 1 year      
Noninsurance contracts | Insurance operations | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-01-01        
Disaggregation of Revenue [Line Items]        
Unearned revenue, remaining performance obligation, amount $ 403      
Remaining performance obligation, expected timing of satisfaction, period 1 year      
Noninsurance contracts | Insurance operations | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2030-01-01        
Disaggregation of Revenue [Line Items]        
Unearned revenue, remaining performance obligation, amount $ 458      
Remaining performance obligation, expected timing of satisfaction, period      
Remarketing fee income        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers $ 116 112 117  
Brokerage commissions and other revenue        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 82 88 89  
Banking fees and interchange income        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 39 47 44  
Customer rewards expense 6 28 20  
Brokered/agent commissions        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 14 20 13  
Other        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 27 22 19  
Operating Segments | Automotive Finance operations        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 138 131 135  
All other revenue 251 232 186  
Total other revenue 389 363 321  
Operating Segments | Insurance operations        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 982 932 700  
All other revenue 614 575 728  
Total other revenue 1,596 1,507 1,428  
Operating Segments | Corporate Finance operations        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0 0  
All other revenue 104 123 104  
Total other revenue 104 123 104  
Operating Segments | Noninsurance contracts | Automotive Finance operations        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0 0  
Operating Segments | Noninsurance contracts | Insurance operations        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 966 909 686  
Operating Segments | Noninsurance contracts | Corporate Finance operations        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0 0  
Operating Segments | Remarketing fee income | Automotive Finance operations        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 116 112 117  
Operating Segments | Remarketing fee income | Insurance operations        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0 0  
Operating Segments | Remarketing fee income | Corporate Finance operations        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0 0  
Operating Segments | Brokerage commissions and other revenue | Automotive Finance operations        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0 0  
Operating Segments | Brokerage commissions and other revenue | Insurance operations        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0 0  
Operating Segments | Brokerage commissions and other revenue | Corporate Finance operations        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0 0  
Operating Segments | Banking fees and interchange income | Automotive Finance operations        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0 0  
Operating Segments | Banking fees and interchange income | Insurance operations        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0 0  
Operating Segments | Banking fees and interchange income | Corporate Finance operations        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0 0  
Operating Segments | Brokered/agent commissions | Automotive Finance operations        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0 0  
Operating Segments | Brokered/agent commissions | Insurance operations        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 14 20 13  
Operating Segments | Brokered/agent commissions | Corporate Finance operations        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0 0  
Operating Segments | Other | Automotive Finance operations        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 22 19 18  
Operating Segments | Other | Insurance operations        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 2 3 1  
Operating Segments | Other | Corporate Finance operations        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0 0  
Corporate and Other        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 124 135 133  
All other revenue (475) 39 27  
Total other revenue (351) 174 160  
Corporate and Other | Noninsurance contracts        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0 0  
Corporate and Other | Remarketing fee income        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0 0  
Corporate and Other | Brokerage commissions and other revenue        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 82 88 89  
Corporate and Other | Banking fees and interchange income        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 39 47 44  
Corporate and Other | Brokered/agent commissions        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0 0  
Corporate and Other | Other        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers $ 3 $ 0 $ 0  
v3.25.4
Insurance Premiums and Service Revenue (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Written      
Direct $ 748 $ 622 $ 476
Assumed 90 122 93
Gross insurance premiums 838 744 569
Ceded (328) (275) (265)
Net insurance premiums 510 469 304
Service revenue 993 1,003 971
Insurance premiums and service revenue written and earned 1,503 1,472 1,275
Earned      
Direct 650 564 446
Assumed 112 113 68
Gross insurance premiums 762 677 514
Ceded (280) (258) (238)
Net insurance premiums 482 419 276
Service revenue 968 994 995
Insurance premiums and service revenue written and earned $ 1,450 $ 1,413 $ 1,271
v3.25.4
Other Income, Net of Losses (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Other Nonoperating Income (Expense) [Abstract]      
Late charges and other administrative fees $ 154 $ 197 $ 198
Remarketing fees 116 112 117
Income from equity-method investments 81 20 4
Other, net 333 329 263
Total other income, net of losses $ 684 $ 658 $ 582
v3.25.4
Reserves for Insurance Losses and Loss Adjustment Expenses - Schedule of Liability for Unpaid Claims and Claims Adjustment Expense (Details)
$ in Millions
Dec. 31, 2025
USD ($)
claim
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Claims Development [Line Items]                    
Incurred claims and allocated loss adjustment expenses, net of reinsurance $ 3,536                  
Cumulative paid claims and allocated loss adjustment expenses, net of reinsurance 3,383                  
All outstanding liabilities for loss and allocated loss adjustment expenses before 2016, net of reinsurance 8                  
Reserves for insurance losses and allocated loss adjustment expenses, net of reinsurance 161 $ 126 $ 71              
2016                    
Claims Development [Line Items]                    
Incurred claims and allocated loss adjustment expenses, net of reinsurance 328 328 328 $ 328 $ 328 $ 328 $ 328 $ 328 $ 327 $ 326
Total of incurred-but-not-reported liabilities plus expected development on reported claims $ 0                  
Cumulative number of reported claims | claim 476,057                  
Cumulative paid claims and allocated loss adjustment expenses, net of reinsurance $ 328 328 328 328 328 328 328 328 327 $ 302
2017                    
Claims Development [Line Items]                    
Incurred claims and allocated loss adjustment expenses, net of reinsurance 315 315 315 315 315 315 315 314 310  
Total of incurred-but-not-reported liabilities plus expected development on reported claims $ 0                  
Cumulative number of reported claims | claim 481,751                  
Cumulative paid claims and allocated loss adjustment expenses, net of reinsurance $ 315 315 315 315 315 315 315 315 $ 289  
2018                    
Claims Development [Line Items]                    
Incurred claims and allocated loss adjustment expenses, net of reinsurance 273 273 272 273 273 272 272 271    
Total of incurred-but-not-reported liabilities plus expected development on reported claims $ 0                  
Cumulative number of reported claims | claim 506,455                  
Cumulative paid claims and allocated loss adjustment expenses, net of reinsurance $ 273 273 272 273 273 273 273 $ 245    
2019                    
Claims Development [Line Items]                    
Incurred claims and allocated loss adjustment expenses, net of reinsurance 305 305 305 305 305 306 303      
Total of incurred-but-not-reported liabilities plus expected development on reported claims $ 0                  
Cumulative number of reported claims | claim 542,372                  
Cumulative paid claims and allocated loss adjustment expenses, net of reinsurance $ 305 305 305 305 305 306 $ 278      
2020                    
Claims Development [Line Items]                    
Incurred claims and allocated loss adjustment expenses, net of reinsurance 340 340 339 339 339 343        
Total of incurred-but-not-reported liabilities plus expected development on reported claims $ 0                  
Cumulative number of reported claims | claim 494,553                  
Cumulative paid claims and allocated loss adjustment expenses, net of reinsurance $ 340 340 340 339 339 $ 313        
2021                    
Claims Development [Line Items]                    
Incurred claims and allocated loss adjustment expenses, net of reinsurance 238 237 237 237 243          
Total of incurred-but-not-reported liabilities plus expected development on reported claims $ 0                  
Cumulative number of reported claims | claim 493,792                  
Cumulative paid claims and allocated loss adjustment expenses, net of reinsurance $ 237 237 237 236 $ 213          
2022                    
Claims Development [Line Items]                    
Incurred claims and allocated loss adjustment expenses, net of reinsurance 276 269 267 258            
Total of incurred-but-not-reported liabilities plus expected development on reported claims $ 3                  
Cumulative number of reported claims | claim 514,330                  
Cumulative paid claims and allocated loss adjustment expenses, net of reinsurance $ 271 265 260 $ 225            
2023                    
Claims Development [Line Items]                    
Incurred claims and allocated loss adjustment expenses, net of reinsurance 416 403 385              
Total of incurred-but-not-reported liabilities plus expected development on reported claims $ 7                  
Cumulative number of reported claims | claim 606,304                  
Cumulative paid claims and allocated loss adjustment expenses, net of reinsurance $ 402 387 $ 328              
2024                    
Claims Development [Line Items]                    
Incurred claims and allocated loss adjustment expenses, net of reinsurance 493 488                
Total of incurred-but-not-reported liabilities plus expected development on reported claims $ 17                  
Cumulative number of reported claims | claim 659,618                  
Cumulative paid claims and allocated loss adjustment expenses, net of reinsurance $ 462 $ 390                
2025                    
Claims Development [Line Items]                    
Incurred claims and allocated loss adjustment expenses, net of reinsurance 552                  
Total of incurred-but-not-reported liabilities plus expected development on reported claims $ 86                  
Cumulative number of reported claims | claim 754,932                  
Cumulative paid claims and allocated loss adjustment expenses, net of reinsurance $ 450                  
v3.25.4
Reserves for Insurance Losses and Loss Adjustment Expenses - Schedule of Historical Claims Duration (Details)
Dec. 31, 2025
Short-Duration Insurance Contracts, Liability for Unpaid Claims and Allocated Claim Adjustment Expense, Net [Abstract]  
Percentage payout of incurred claims, year one 87.80%
Percentage payout of incurred claims, year two 11.00%
Percentage payout of incurred claims, year three 0.90%
Percentage payout of incurred claims, year four 0.30%
Percentage payout of incurred claims, year five 0.00%
Percentage payout of incurred claims, year six 0.00%
Percentage payout of incurred claims, year seven 0.00%
Percentage payout of incurred claims, year eight 0.00%
Percentage payout of incurred claims, year nine 0.00%
Percentage payout of incurred claims, year ten 0.00%
v3.25.4
Reserves for Insurance Losses and Loss Adjustment Expenses - Schedule of Short-Duration Insurance Contracts, Reconciliation of Claims Development to Liability (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Short-Duration Insurance Contracts, Liability for Unpaid Claims and Allocated Claim Adjustment Expense, Net [Abstract]        
Reserves for insurance losses and loss adjustment expenses, net of reinsurance $ 161 $ 126 $ 71  
Total reinsurance recoverable on unpaid claims 69 60 66 $ 72
Unallocated loss adjustment expenses 3 3 3  
Total gross reserves for insurance losses and loss adjustment expenses $ 233 $ 189 $ 140 $ 119
v3.25.4
Reserves for Insurance Losses and Loss Adjustment Expenses - Schedule of Rollforward of Our Reserves for Insurance Losses and Loss Adjustment Expenses (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]        
Total gross reserves for insurance losses and loss adjustment expenses, beginning balance $ 189 $ 140 $ 119  
Less: Reinsurance recoverable 60 66 72  
Net reserves for insurance losses and loss adjustment expenses 164 129 74 $ 47
Current year 589 521 414  
Prior years 27 23 8  
Total net insurance losses and loss adjustment expenses incurred 616 544 422  
Current year (484) (420) (354)  
Prior years (97) (69) (41)  
Total net insurance losses and loss adjustment expenses paid or payable (581) (489) (395)  
Plus: Reinsurance recoverable 69 60 66  
Total gross reserves for insurance losses and loss adjustment expenses, ending balance $ 233 $ 189 $ 140  
v3.25.4
Other Operating Expenses (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating Expenses [Abstract]      
Insurance commissions $ 628 $ 647 $ 636
Technology and communications 429 438 436
Advertising and marketing 259 285 308
Property and equipment depreciation 243 224 196
Lease and loan administration 179 181 210
Regulatory and licensing fees 157 180 205
Professional services 145 147 145
Vehicle remarketing and repossession 129 129 116
Amortization of intangible assets 3 19 25
Other 436 425 414
Total other operating expenses $ 2,608 $ 2,675 $ 2,691
v3.25.4
Investment Securities - Schedule of Investment Portfolio (Details) - USD ($)
 12 Months Ended
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Available-for-sale securities      
Amortized cost basis $ 25,825,000,000   $ 26,810,000,000
Gross unrealized gains 76,000,000   5,000,000
Gross unrealized losses (2,928,000,000)   (4,405,000,000)
Fair value 22,973,000,000   22,410,000,000
Held-to-maturity securities      
Amortized cost basis 4,371,000,000   4,346,000,000
Gross unrealized gains 237,000,000   143,000,000
Gross unrealized losses (157,000,000)   (196,000,000)
Fair value 4,451,000,000   4,293,000,000
Debt securities, available-for-sale, accrued interest receivable $ 87,000,000   $ 73,000,000
Debt securities, available-for-sale, accrued interest, after allowance for credit loss, statement of financial position [extensible enumeration] Other assets   Other assets
Debt securities, available-for-sale, allowance for credit loss, excluding accrued interest $ 0   $ 0
Debt securities, held-to-maturity, allowance for credit loss, excluding accrued interest 0   0
Debt securities, held-to-maturity, accrued interest receivable 13,000,000   12,000,000
Amortized cost basis in amount sold   $ 4,600,000,000  
Gross proceeds received and receivable from sale of lower-yielding available-for-sale securities 4,100,000,000    
Pre-tax loss 495,000,000    
Operating Segments | Insurance operations      
Held-to-maturity securities      
Deposited securities 14,000,000   13,000,000
Asset Pledged as Collateral with Right      
Available-for-sale securities      
Fair value 3,700,000,000   3,400,000,000
Held-to-maturity securities      
Securities with the right to sell or pledge 932,000,000   439,000,000
Asset Pledged as Collateral with Right | Federal Home Loan Bank Advances      
Held-to-maturity securities      
Securities with the right to sell or pledge 2,700,000,000   2,900,000,000
U.S. Treasury and federal agencies      
Available-for-sale securities      
Amortized cost basis 2,308,000,000   2,073,000,000
Gross unrealized gains 22,000,000   0
Gross unrealized losses (51,000,000)   (200,000,000)
Fair value 2,279,000,000   1,873,000,000
U.S. States and political subdivisions      
Available-for-sale securities      
Amortized cost basis 624,000,000   704,000,000
Gross unrealized gains 1,000,000   0
Gross unrealized losses (74,000,000)   (87,000,000)
Fair value 551,000,000   617,000,000
Foreign government      
Available-for-sale securities      
Amortized cost basis 191,000,000   198,000,000
Gross unrealized gains 1,000,000   1,000,000
Gross unrealized losses (4,000,000)   (5,000,000)
Fair value 188,000,000   194,000,000
Agency mortgage-backed residential      
Available-for-sale securities      
Amortized cost basis 14,966,000,000   16,765,000,000
Gross unrealized gains 19,000,000   0
Gross unrealized losses (2,084,000,000)   (3,112,000,000)
Fair value 12,901,000,000   13,653,000,000
Held-to-maturity securities      
Amortized cost basis 1,303,000,000   935,000,000
Gross unrealized gains 8,000,000   0
Gross unrealized losses (157,000,000)   (196,000,000)
Fair value 1,154,000,000   739,000,000
Hedged asset, fair value hedge, cumulative increase (decrease) 13,000,000    
Hedged liability, fair value hedge, cumulative increase (decrease)     72,000,000
Mortgage-backed residential      
Available-for-sale securities      
Amortized cost basis 230,000,000   249,000,000
Gross unrealized gains 0   0
Gross unrealized losses (32,000,000)   (43,000,000)
Fair value 198,000,000   206,000,000
Held-to-maturity securities      
Amortized cost basis 3,018,000,000   3,323,000,000
Gross unrealized gains 228,000,000   142,000,000
Gross unrealized losses 0   0
Fair value 3,246,000,000   3,465,000,000
Agency mortgage-backed commercial      
Available-for-sale securities      
Amortized cost basis 5,540,000,000   4,819,000,000
Gross unrealized gains 14,000,000   1,000,000
Gross unrealized losses (622,000,000)   (836,000,000)
Fair value 4,932,000,000   3,984,000,000
Held-to-maturity securities      
Hedged asset, fair value hedge, cumulative increase (decrease) 33,000,000    
Hedged liability, fair value hedge, cumulative increase (decrease)     34,000,000
Asset-backed      
Available-for-sale securities      
Amortized cost basis 12,000,000   131,000,000
Gross unrealized gains 0   0
Gross unrealized losses 0   (2,000,000)
Fair value 12,000,000   129,000,000
Held-to-maturity securities      
Amortized cost basis 50,000,000   88,000,000
Gross unrealized gains 1,000,000   1,000,000
Gross unrealized losses 0   0
Fair value 51,000,000   89,000,000
Corporate debt      
Available-for-sale securities      
Amortized cost basis 1,954,000,000   1,871,000,000
Gross unrealized gains 19,000,000   3,000,000
Gross unrealized losses (61,000,000)   (120,000,000)
Fair value $ 1,912,000,000   $ 1,754,000,000
v3.25.4
Investment Securities - Schedule of Investments Classified by Contractual Maturity Date (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Amount    
Total available-for-sale securities $ 22,973 $ 22,410
Due in one year or less 465 327
Due after one year through five years 4,228 2,438
Due after five years through ten years 3,581 3,371
Due after ten years $ 14,699 $ 16,274
Yield    
Total 3.00% 2.50%
Due in one year or less 2.50% 2.30%
Due after one year through five years 3.40% 2.20%
Due after five years through ten years 2.90% 2.60%
Due after ten years 2.90% 2.60%
Amortized cost basis of available-for-sale securities    
Amortized cost basis $ 25,825 $ 26,810
Due in one year or less 468 330
Due after one year through five years 4,298 2,579
Due after five years through ten years 3,968 3,844
Due after ten years 17,091 20,057
Amount    
Amortized cost basis 4,371 4,346
Due in one year or less 0 0
Due after one year through five years 40 64
Due after five years through ten years 16 33
Due after ten years $ 4,315 $ 4,249
Yield    
Total 3.00% 2.90%
Due in one year or less 0.00% 0.00%
Due after one year through five years 5.00% 5.30%
Due after five years through ten years 5.70% 5.00%
Due after ten years 3.00% 2.80%
Cash equivalents $ 107 $ 106
U.S. Treasury and federal agencies    
Amount    
Total available-for-sale securities 2,279 1,873
Due in one year or less 84 54
Due after one year through five years 1,771 1,087
Due after five years through ten years 424 732
Due after ten years $ 0 $ 0
Yield    
Total 3.40% 1.60%
Due in one year or less 0.80% 1.00%
Due after one year through five years 3.90% 1.50%
Due after five years through ten years 2.00% 1.90%
Due after ten years 0.00% 0.00%
Amortized cost basis of available-for-sale securities    
Amortized cost basis $ 2,308 $ 2,073
U.S. States and political subdivisions    
Amount    
Total available-for-sale securities 551 617
Due in one year or less 48 33
Due after one year through five years 50 72
Due after five years through ten years 65 86
Due after ten years $ 388 $ 426
Yield    
Total 3.40% 3.40%
Due in one year or less 4.80% 6.20%
Due after one year through five years 3.70% 3.10%
Due after five years through ten years 4.30% 4.10%
Due after ten years 3.10% 3.20%
Amortized cost basis of available-for-sale securities    
Amortized cost basis $ 624 $ 704
Foreign government    
Amount    
Total available-for-sale securities 188 194
Due in one year or less 14 33
Due after one year through five years 75 51
Due after five years through ten years 99 110
Due after ten years $ 0 $ 0
Yield    
Total 2.80% 2.70%
Due in one year or less 2.00% 2.10%
Due after one year through five years 2.30% 2.50%
Due after five years through ten years 3.30% 2.90%
Due after ten years 0.00% 0.00%
Amortized cost basis of available-for-sale securities    
Amortized cost basis $ 191 $ 198
Agency mortgage-backed residential    
Amount    
Total available-for-sale securities 12,901 13,653
Due in one year or less 0 0
Due after one year through five years 1 7
Due after five years through ten years 0 23
Due after ten years $ 12,900 $ 13,623
Yield    
Total 2.90% 2.60%
Due in one year or less 0.00% 0.00%
Due after one year through five years 2.80% 2.00%
Due after five years through ten years 0.00% 2.50%
Due after ten years 2.90% 2.60%
Amortized cost basis of available-for-sale securities    
Amortized cost basis $ 14,966 $ 16,765
Amount    
Amortized cost basis 1,303 935
Due in one year or less 0 0
Due after one year through five years 0 0
Due after five years through ten years 0 0
Due after ten years $ 1,303 $ 935
Yield    
Total 3.50% 2.70%
Due in one year or less 0.00% 0.00%
Due after one year through five years 0.00% 0.00%
Due after five years through ten years 0.00% 0.00%
Due after ten years 3.50% 2.70%
Hedged asset, fair value hedge, cumulative increase (decrease) $ 13  
Hedged liability, fair value hedge, cumulative increase (decrease)   $ 72
Mortgage-backed residential    
Amount    
Total available-for-sale securities 198 206
Due in one year or less 0 0
Due after one year through five years 0 0
Due after five years through ten years 0 0
Due after ten years $ 198 $ 206
Yield    
Total 2.70% 2.70%
Due in one year or less 0.00% 0.00%
Due after one year through five years 0.00% 0.00%
Due after five years through ten years 0.00% 0.00%
Due after ten years 2.70% 2.70%
Amortized cost basis of available-for-sale securities    
Amortized cost basis $ 230 $ 249
Amount    
Amortized cost basis 3,018 3,323
Due in one year or less 0 0
Due after one year through five years 5 0
Due after five years through ten years 1 9
Due after ten years $ 3,012 $ 3,314
Yield    
Total 2.80% 2.80%
Due in one year or less 0.00% 0.00%
Due after one year through five years 2.90% 0.00%
Due after five years through ten years 5.50% 3.10%
Due after ten years 2.80% 2.80%
Agency mortgage-backed commercial    
Amount    
Total available-for-sale securities $ 4,932 $ 3,984
Due in one year or less 87 23
Due after one year through five years 1,453 339
Due after five years through ten years 2,314 1,724
Due after ten years $ 1,078 $ 1,898
Yield    
Total 2.70% 2.50%
Due in one year or less 3.40% 3.10%
Due after one year through five years 3.50% 3.70%
Due after five years through ten years 2.40% 2.50%
Due after ten years 2.30% 2.10%
Amortized cost basis of available-for-sale securities    
Amortized cost basis $ 5,540 $ 4,819
Yield    
Hedged asset, fair value hedge, cumulative increase (decrease) 33  
Hedged liability, fair value hedge, cumulative increase (decrease)   34
Asset-backed    
Amount    
Total available-for-sale securities 12 129
Due in one year or less 0 0
Due after one year through five years 12 128
Due after five years through ten years 0 1
Due after ten years $ 0 $ 0
Yield    
Total 1.50% 1.50%
Due in one year or less 0.00% 0.00%
Due after one year through five years 1.50% 1.50%
Due after five years through ten years 0.00% 4.00%
Due after ten years 0.00% 0.00%
Amortized cost basis of available-for-sale securities    
Amortized cost basis $ 12 $ 131
Amount    
Amortized cost basis 50 88
Due in one year or less 0 0
Due after one year through five years 35 64
Due after five years through ten years 15 24
Due after ten years $ 0 $ 0
Yield    
Total 5.40% 5.40%
Due in one year or less 0.00% 0.00%
Due after one year through five years 5.30% 5.30%
Due after five years through ten years 5.70% 5.60%
Due after ten years 0.00% 0.00%
Corporate debt    
Amount    
Total available-for-sale securities $ 1,912 $ 1,754
Due in one year or less 232 184
Due after one year through five years 866 754
Due after five years through ten years 679 695
Due after ten years $ 135 $ 121
Yield    
Total 3.40% 3.10%
Due in one year or less 2.40% 3.00%
Due after one year through five years 2.50% 2.60%
Due after five years through ten years 4.60% 3.30%
Due after ten years 5.50% 5.30%
Amortized cost basis of available-for-sale securities    
Amortized cost basis $ 1,954 $ 1,871
v3.25.4
Investment Securities - Schedule of Investment Income (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]      
Taxable interest $ 891 $ 952 $ 938
Taxable dividends 21 22 20
Interest and dividends exempt from U.S. federal income tax 23 22 22
Interest and dividends on investment securities $ 935 $ 996 $ 980
v3.25.4
Investment Securities - Schedule Of Realized Gain (Loss) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]      
Gross realized gains $ 5 $ 3 $ 5
Gross realized losses (496) 0 0
Net realized (loss) gain on available-for-sale securities (491) 3 5
Net realized gain on equity securities 79 75 32
Net unrealized gain (loss) on equity securities 51 (6) 107
Other (loss) gain on investments, net $ (361) $ 72 $ 144
v3.25.4
Investment securities - Schedule of Investments Classified by Credit Rating (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities $ 4,371 $ 4,346
Agency mortgage-backed residential    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 1,303 935
Mortgage-backed residential    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 3,018 3,323
Asset-backed    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 50 88
AAA    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 2,996 3,322
AAA | Agency mortgage-backed residential    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 0 0
AAA | Mortgage-backed residential    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 2,951 3,241
AAA | Asset-backed    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 45 81
AA    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 1,371 1,016
AA | Agency mortgage-backed residential    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 1,303 935
AA | Mortgage-backed residential    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 66 78
AA | Asset-backed    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 2 3
A    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 3 6
A | Agency mortgage-backed residential    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 0 0
A | Mortgage-backed residential    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 1 4
A | Asset-backed    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 2 2
BBB    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 1 2
BBB | Agency mortgage-backed residential    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 0 0
BBB | Mortgage-backed residential    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 0 0
BBB | Asset-backed    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities $ 1 $ 2
v3.25.4
Investment Securities - Schedule of Unrealized Loss on Investments (Details) - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Less than 12 months    
Fair value $ 580,000,000 $ 947,000,000
Unrealized loss (3,000,000) (22,000,000)
12 months or longer    
Fair value 16,382,000,000 21,069,000,000
Unrealized loss (2,925,000,000) (4,383,000,000)
Credit reserves, available-for-sale 0 0
Credit reserves, held-to-maturity 0 0
U.S. Treasury and federal agencies    
Less than 12 months    
Fair value 0 0
Unrealized loss 0 0
12 months or longer    
Fair value 609,000,000 1,873,000,000
Unrealized loss (51,000,000) (200,000,000)
U.S. States and political subdivisions    
Less than 12 months    
Fair value 24,000,000 87,000,000
Unrealized loss 0 (2,000,000)
12 months or longer    
Fair value 429,000,000 472,000,000
Unrealized loss (74,000,000) (85,000,000)
Foreign government    
Less than 12 months    
Fair value 51,000,000 40,000,000
Unrealized loss (1,000,000) 0
12 months or longer    
Fair value 72,000,000 112,000,000
Unrealized loss (3,000,000) (5,000,000)
Agency mortgage-backed residential    
Less than 12 months    
Fair value 120,000,000 127,000,000
Unrealized loss 0 (3,000,000)
12 months or longer    
Fair value 10,310,000,000 13,518,000,000
Unrealized loss (2,084,000,000) (3,109,000,000)
Mortgage-backed residential    
Less than 12 months    
Fair value 0 0
Unrealized loss 0 0
12 months or longer    
Fair value 198,000,000 206,000,000
Unrealized loss (32,000,000) (43,000,000)
Agency mortgage-backed commercial    
Less than 12 months    
Fair value 299,000,000 428,000,000
Unrealized loss (1,000,000) (11,000,000)
12 months or longer    
Fair value 3,629,000,000 3,445,000,000
Unrealized loss (621,000,000) (825,000,000)
Asset-backed    
Less than 12 months    
Fair value 0 0
Unrealized loss 0 0
12 months or longer    
Fair value 12,000,000 124,000,000
Unrealized loss 0 (2,000,000)
Corporate debt    
Less than 12 months    
Fair value 86,000,000 265,000,000
Unrealized loss (1,000,000) (6,000,000)
12 months or longer    
Fair value 1,123,000,000 1,319,000,000
Unrealized loss $ (60,000,000) $ (114,000,000)
v3.25.4
Finance Receivables and Loans, Net - Schedule of Accounts, Notes, Loans and Financing Receivables (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total finance receivables and loans $ 137,454 $ 136,030
Unamortized premiums and discounts and deferred fees and costs 2,400 2,300
Accrued interest receivable 800 839
Consumer    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total finance receivables and loans 101,140 103,285
Consumer | Automotive    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total finance receivables and loans 85,568 83,757
Consumer | Consumer mortgage    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total finance receivables and loans 15,572 17,234
Interest-only mortgage loans 2 12
Consumer | Other    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total finance receivables and loans 0 2,294
Commercial    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total finance receivables and loans 36,314 32,745
Commercial | Automotive    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total finance receivables and loans 18,339 18,259
Commercial | Consumer mortgage    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total finance receivables and loans 7,666 6,274
Commercial | Other    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total finance receivables and loans $ 10,309 $ 8,212
v3.25.4
Finance Receivables and Loans, Net - Narrative (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
Receivables [Abstract]  
Financing receivable, purchased with credit deterioration, amount $ 26
Cash considerations 2
Financing receivable, excluding accrued interest, purchased with credit deterioration, allowance for credit loss at acquisition date $ 24
v3.25.4
Finance Receivables and Loans, Net - Schedule of Allowance for Credit Losses on Financing Receivables (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]    
Allowance, beginning balance $ 3,714 $ 3,587
Charge-offs (2,683) (2,948)
Recoveries 963 914
Net charge-offs (1,720) (2,034)
Write-downs from transfers to held-for-sale (5) (5)
Provision for credit losses 1,477 2,166
Other 24 0
Allowance, ending balance 3,490 3,714
Financing receivable, excluding accrued interest, purchased with credit deterioration, allowance for credit loss at acquisition date 24  
Consumer    
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]    
Charge-offs (2,681) (2,945)
Consumer | Automotive    
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]    
Allowance, beginning balance 3,170 3,083
Charge-offs (2,610) (2,681)
Recoveries 946 871
Net charge-offs (1,664) (1,810)
Write-downs from transfers to held-for-sale 0 (5)
Provision for credit losses 1,702 1,902
Other 0 0
Allowance, ending balance 3,208 3,170
Consumer | Consumer mortgage    
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]    
Allowance, beginning balance 19 21
Charge-offs (3) (2)
Recoveries 8 5
Net charge-offs 5 3
Write-downs from transfers to held-for-sale (5) 0
Provision for credit losses (6) (7)
Other (1) 2
Allowance, ending balance 12 19
Consumer | Other    
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]    
Allowance, beginning balance 319 293
Charge-offs (68) (262)
Recoveries 5 30
Net charge-offs (63) (232)
Write-downs from transfers to held-for-sale 0 0
Provision for credit losses (257) 259
Other 1 (1)
Allowance, ending balance 0 319
Commercial    
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]    
Allowance, beginning balance 206 190
Charge-offs (2) (3)
Recoveries 4 8
Net charge-offs 2 5
Write-downs from transfers to held-for-sale 0 0
Provision for credit losses 38 12
Other 24 (1)
Allowance, ending balance 270 206
Financing receivable, excluding accrued interest, purchased with credit deterioration, allowance for credit loss at acquisition date 24  
Commercial | Automotive    
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]    
Charge-offs $ (2) $ (3)
v3.25.4
Finance Receivables and Loans, Net - Schedule of Sales of Financing Receivables and Loans (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total sales and transfers $ 2,790 $ 1,731
Consumer | Automotive    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total sales and transfers 0 1,108
Consumer | Consumer mortgage    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total sales and transfers 425 325
Consumer | Other    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total sales and transfers 2,248 0
Commercial    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total sales and transfers $ 117 $ 298
v3.25.4
Finance Receivables and Loans, Net - Schedule of Purchases of Financing Receivables and Loans (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total purchases of finance receivables and loans $ 4,808 $ 3,264
Consumer | Automotive    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total purchases of finance receivables and loans 4,774 3,243
Consumer | Consumer mortgage    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total purchases of finance receivables and loans 8 21
Commercial    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total purchases of finance receivables and loans $ 26 $ 0
v3.25.4
Finance Receivables and Loans, Net - Schedule of Financing Receivables, Nonaccrual Status (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Financing receivable, recorded investment, nonaccrual status $ 1,366 $ 1,486 $ 1,394
Financing receivable, nonaccrual, with no allowance 485 518  
Financing receivable, nonaccrual, interest income 51 17  
Consumer      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Financing receivable, recorded investment, nonaccrual status 1,217 1,375 1,275
Financing receivable, nonaccrual, with no allowance 460 512  
Consumer | Automotive      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Financing receivable, recorded investment, nonaccrual status 1,155 1,231 1,129
Financing receivable, nonaccrual, with no allowance 416 476  
Consumer | Consumer mortgage      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Financing receivable, recorded investment, nonaccrual status 62 54 54
Financing receivable, nonaccrual, with no allowance 44 36  
Consumer | Other      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Financing receivable, recorded investment, nonaccrual status 0 90 92
Financing receivable, nonaccrual, with no allowance 0 0  
Commercial      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Financing receivable, recorded investment, nonaccrual status 149 111 119
Financing receivable, nonaccrual, with no allowance 25 6  
Commercial | Automotive      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Financing receivable, recorded investment, nonaccrual status 15 15 18
Financing receivable, nonaccrual, with no allowance 15 0  
Commercial | Consumer mortgage      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Financing receivable, recorded investment, nonaccrual status 10 2 3
Financing receivable, nonaccrual, with no allowance 10 2  
Commercial | Other      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Financing receivable, recorded investment, nonaccrual status 124 94 $ 98
Financing receivable, nonaccrual, with no allowance $ 0 $ 4  
v3.25.4
Finance Receivables and Loans, Net - Schedule of Financing Receivable Credit Quality Indicators Consumer (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Credit Quality Indicator [Line Items]    
Total finance receivables and loans $ 137,454 $ 136,030
Consumer    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total finance receivables and loans 101,140 103,285
Consumer | Consumer automotive, excludes basis adjustment    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 34,282 30,919
Year two, originated, fiscal year before current fiscal year 20,900 21,604
Year three, originated, two years before current fiscal year 13,789 16,607
Year four, originated, three years before current fiscal year 9,870 9,247
Year five, originated, four years before current fiscal year 4,799 3,344
Originated, more than five years before current fiscal year 1,922 2,077
Revolving loans 0 0
Revolving loans converted to term 0 0
Total finance receivables and loans 85,562 83,798
Consumer | Consumer automotive, excludes basis adjustment | Current    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 33,588 30,322
Year two, originated, fiscal year before current fiscal year 19,891 20,387
Year three, originated, two years before current fiscal year 12,759 15,234
Year four, originated, three years before current fiscal year 8,885 8,368
Year five, originated, four years before current fiscal year 4,253 3,064
Originated, more than five years before current fiscal year 1,696 1,849
Revolving loans 0 0
Revolving loans converted to term 0 0
Total finance receivables and loans 81,072 79,224
Consumer | Consumer automotive, excludes basis adjustment | 30–59 days past due    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 483 419
Year two, originated, fiscal year before current fiscal year 638 756
Year three, originated, two years before current fiscal year 632 841
Year four, originated, three years before current fiscal year 600 546
Year five, originated, four years before current fiscal year 339 174
Originated, more than five years before current fiscal year 137 141
Revolving loans 0 0
Revolving loans converted to term 0 0
Total finance receivables and loans 2,829 2,877
Consumer | Consumer automotive, excludes basis adjustment | 60–89 days past due    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 156 131
Year two, originated, fiscal year before current fiscal year 272 338
Year three, originated, two years before current fiscal year 295 390
Year four, originated, three years before current fiscal year 284 240
Year five, originated, four years before current fiscal year 148 75
Originated, more than five years before current fiscal year 60 56
Revolving loans 0 0
Revolving loans converted to term 0 0
Total finance receivables and loans 1,215 1,230
Consumer | Consumer automotive, excludes basis adjustment | 90 or more days past due    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 55 47
Year two, originated, fiscal year before current fiscal year 99 123
Year three, originated, two years before current fiscal year 103 142
Year four, originated, three years before current fiscal year 101 93
Year five, originated, four years before current fiscal year 59 31
Originated, more than five years before current fiscal year 29 31
Revolving loans 0 0
Revolving loans converted to term 0 0
Total finance receivables and loans 446 467
Consumer | Consumer mortgage    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 0 13
Year two, originated, fiscal year before current fiscal year 15 33
Year three, originated, two years before current fiscal year 30 1,914
Year four, originated, three years before current fiscal year 1,701 9,856
Year five, originated, four years before current fiscal year 9,150 1,721
Originated, more than five years before current fiscal year 4,667 3,564
Revolving loans 0 116
Revolving loans converted to term 9 17
Total finance receivables and loans 15,572 17,234
Consumer | Consumer mortgage | Current    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 0 13
Year two, originated, fiscal year before current fiscal year 15 31
Year three, originated, two years before current fiscal year 28 1,901
Year four, originated, three years before current fiscal year 1,690 9,834
Year five, originated, four years before current fiscal year 9,117 1,714
Originated, more than five years before current fiscal year 4,618 3,503
Revolving loans 0 115
Revolving loans converted to term 7 15
Total finance receivables and loans 15,475 17,126
Consumer | Consumer mortgage | 30–59 days past due    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 0 0
Year two, originated, fiscal year before current fiscal year 0 0
Year three, originated, two years before current fiscal year 2 7
Year four, originated, three years before current fiscal year 5 9
Year five, originated, four years before current fiscal year 11 5
Originated, more than five years before current fiscal year 17 27
Revolving loans 0 0
Revolving loans converted to term 0 0
Total finance receivables and loans 35 48
Consumer | Consumer mortgage | 60–89 days past due    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 0 0
Year two, originated, fiscal year before current fiscal year 0 0
Year three, originated, two years before current fiscal year 0 4
Year four, originated, three years before current fiscal year 1 4
Year five, originated, four years before current fiscal year 6 1
Originated, more than five years before current fiscal year 7 4
Revolving loans 0 0
Revolving loans converted to term 0 0
Total finance receivables and loans 14 13
Consumer | Consumer mortgage | 90 or more days past due    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 0 0
Year two, originated, fiscal year before current fiscal year 0 2
Year three, originated, two years before current fiscal year 0 2
Year four, originated, three years before current fiscal year 5 9
Year five, originated, four years before current fiscal year 16 1
Originated, more than five years before current fiscal year 25 30
Revolving loans 0 1
Revolving loans converted to term 2 2
Total finance receivables and loans 48 47
Consumer | Other    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year   0
Year two, originated, fiscal year before current fiscal year   0
Year three, originated, two years before current fiscal year   0
Year four, originated, three years before current fiscal year   0
Year five, originated, four years before current fiscal year   0
Originated, more than five years before current fiscal year   0
Revolving loans   2,294
Revolving loans converted to term   0
Total finance receivables and loans 0 2,294
Consumer | Other | Current    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year   0
Year two, originated, fiscal year before current fiscal year   0
Year three, originated, two years before current fiscal year   0
Year four, originated, three years before current fiscal year   0
Year five, originated, four years before current fiscal year   0
Originated, more than five years before current fiscal year   0
Revolving loans   2,140
Revolving loans converted to term   0
Total finance receivables and loans   2,140
Consumer | Other | 30–59 days past due    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year   0
Year two, originated, fiscal year before current fiscal year   0
Year three, originated, two years before current fiscal year   0
Year four, originated, three years before current fiscal year   0
Year five, originated, four years before current fiscal year   0
Originated, more than five years before current fiscal year   0
Revolving loans   35
Revolving loans converted to term   0
Total finance receivables and loans   35
Consumer | Other | 60–89 days past due    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year   0
Year two, originated, fiscal year before current fiscal year   0
Year three, originated, two years before current fiscal year   0
Year four, originated, three years before current fiscal year   0
Year five, originated, four years before current fiscal year   0
Originated, more than five years before current fiscal year   0
Revolving loans   33
Revolving loans converted to term   0
Total finance receivables and loans   33
Consumer | Other | 90 or more days past due    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year   0
Year two, originated, fiscal year before current fiscal year   0
Year three, originated, two years before current fiscal year   0
Year four, originated, three years before current fiscal year   0
Year five, originated, four years before current fiscal year   0
Originated, more than five years before current fiscal year   0
Revolving loans   86
Revolving loans converted to term   0
Total finance receivables and loans   86
Consumer | Automotive    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total finance receivables and loans 85,568 83,757
Asset excluded from amortized cost of hedged asset, portfolio layer method 6  
Liability excluded from amortized cost of hedged asset, portfolio layer method   41
Consumer Portfolio Segment, Excludes Basis Adjustment for Automotive Loans    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 34,282 30,932
Year two, originated, fiscal year before current fiscal year 20,915 21,637
Year three, originated, two years before current fiscal year 13,819 18,521
Year four, originated, three years before current fiscal year 11,571 19,103
Year five, originated, four years before current fiscal year 13,949 5,065
Originated, more than five years before current fiscal year 6,589 5,641
Revolving loans 0 2,410
Revolving loans converted to term 9 17
Total finance receivables and loans $ 101,134 $ 103,326
v3.25.4
Finance Receivables and Loans, Net - Schedule of Financing Receivable Credit Quality Indicators Commercial (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Credit Quality Indicator [Line Items]    
Total finance receivables and loans $ 137,454 $ 136,030
Commercial    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 3,683 2,197
Year two, originated, fiscal year before current fiscal year 2,148 1,652
Year three, originated, two years before current fiscal year 1,252 2,305
Year four, originated, three years before current fiscal year 1,982 1,739
Year five, originated, four years before current fiscal year 1,427 1,109
Originated, more than five years before current fiscal year 2,208 1,555
Revolving loans 23,356 22,032
Revolving loans converted to term 258 156
Total finance receivables and loans 36,314 32,745
Commercial | Automotive    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 945 525
Year two, originated, fiscal year before current fiscal year 393 374
Year three, originated, two years before current fiscal year 272 352
Year four, originated, three years before current fiscal year 277 150
Year five, originated, four years before current fiscal year 113 67
Originated, more than five years before current fiscal year 91 53
Revolving loans 16,248 16,738
Revolving loans converted to term 0 0
Total finance receivables and loans 18,339 18,259
Commercial | Automotive | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 942 522
Year two, originated, fiscal year before current fiscal year 391 336
Year three, originated, two years before current fiscal year 257 337
Year four, originated, three years before current fiscal year 266 125
Year five, originated, four years before current fiscal year 113 64
Originated, more than five years before current fiscal year 86 52
Revolving loans 14,861 15,005
Revolving loans converted to term 0 0
Total finance receivables and loans 16,916 16,441
Commercial | Automotive | Special mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 2 3
Year two, originated, fiscal year before current fiscal year 1 38
Year three, originated, two years before current fiscal year 15 15
Year four, originated, three years before current fiscal year 10 25
Year five, originated, four years before current fiscal year 0 3
Originated, more than five years before current fiscal year 5 1
Revolving loans 1,328 1,694
Revolving loans converted to term 0 0
Total finance receivables and loans 1,361 1,779
Commercial | Automotive | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 1 0
Year two, originated, fiscal year before current fiscal year 1 0
Year three, originated, two years before current fiscal year 0 0
Year four, originated, three years before current fiscal year 1 0
Year five, originated, four years before current fiscal year 0 0
Originated, more than five years before current fiscal year 0 0
Revolving loans 59 33
Revolving loans converted to term 0 0
Total finance receivables and loans 62 33
Commercial | Automotive | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year   0
Year two, originated, fiscal year before current fiscal year   0
Year three, originated, two years before current fiscal year   0
Year four, originated, three years before current fiscal year   0
Year five, originated, four years before current fiscal year   0
Originated, more than five years before current fiscal year   0
Revolving loans   6
Revolving loans converted to term   0
Total finance receivables and loans   6
Commercial | Other    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 757 707
Year two, originated, fiscal year before current fiscal year 641 323
Year three, originated, two years before current fiscal year 173 655
Year four, originated, three years before current fiscal year 542 502
Year five, originated, four years before current fiscal year 350 250
Originated, more than five years before current fiscal year 594 361
Revolving loans 7,053 5,294
Revolving loans converted to term 199 120
Total finance receivables and loans 10,309 8,212
Commercial | Other | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 757 707
Year two, originated, fiscal year before current fiscal year 594 296
Year three, originated, two years before current fiscal year 173 261
Year four, originated, three years before current fiscal year 306 199
Year five, originated, four years before current fiscal year 215 18
Originated, more than five years before current fiscal year 166 205
Revolving loans 6,647 5,047
Revolving loans converted to term 191 84
Total finance receivables and loans 9,049 6,817
Commercial | Other | Special mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 0 0
Year two, originated, fiscal year before current fiscal year 47 0
Year three, originated, two years before current fiscal year 0 394
Year four, originated, three years before current fiscal year 236 280
Year five, originated, four years before current fiscal year 115 186
Originated, more than five years before current fiscal year 260 76
Revolving loans 347 226
Revolving loans converted to term 8 32
Total finance receivables and loans 1,013 1,194
Commercial | Other | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 0 0
Year two, originated, fiscal year before current fiscal year 0 27
Year three, originated, two years before current fiscal year 0 0
Year four, originated, three years before current fiscal year 0 23
Year five, originated, four years before current fiscal year 20 46
Originated, more than five years before current fiscal year 61 54
Revolving loans 42 12
Revolving loans converted to term 0 4
Total finance receivables and loans 123 166
Commercial | Other | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 0 0
Year two, originated, fiscal year before current fiscal year 0 0
Year three, originated, two years before current fiscal year 0 0
Year four, originated, three years before current fiscal year 0 0
Year five, originated, four years before current fiscal year 0 0
Originated, more than five years before current fiscal year 107 26
Revolving loans 17 9
Revolving loans converted to term 0 0
Total finance receivables and loans 124 35
Commercial | Commercial real estate    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 1,981 965
Year two, originated, fiscal year before current fiscal year 1,114 955
Year three, originated, two years before current fiscal year 807 1,298
Year four, originated, three years before current fiscal year 1,163 1,087
Year five, originated, four years before current fiscal year 964 792
Originated, more than five years before current fiscal year 1,523 1,141
Revolving loans 55 0
Revolving loans converted to term 59 36
Total finance receivables and loans 7,666 6,274
Commercial | Commercial real estate | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 1,981 959
Year two, originated, fiscal year before current fiscal year 1,069 904
Year three, originated, two years before current fiscal year 759 1,228
Year four, originated, three years before current fiscal year 1,080 1,030
Year five, originated, four years before current fiscal year 919 757
Originated, more than five years before current fiscal year 1,461 1,137
Revolving loans 55 0
Revolving loans converted to term 59 36
Total finance receivables and loans 7,383 6,051
Commercial | Commercial real estate | Special mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 0 6
Year two, originated, fiscal year before current fiscal year 45 51
Year three, originated, two years before current fiscal year 44 69
Year four, originated, three years before current fiscal year 67 57
Year five, originated, four years before current fiscal year 45 35
Originated, more than five years before current fiscal year 61 3
Revolving loans 0 0
Revolving loans converted to term 0 0
Total finance receivables and loans 262 221
Commercial | Commercial real estate | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 0  
Year two, originated, fiscal year before current fiscal year 0  
Year three, originated, two years before current fiscal year 2  
Year four, originated, three years before current fiscal year 15  
Year five, originated, four years before current fiscal year 0  
Originated, more than five years before current fiscal year 1  
Revolving loans 0  
Revolving loans converted to term 0  
Total finance receivables and loans 18  
Commercial | Commercial real estate | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 0 0
Year two, originated, fiscal year before current fiscal year 0 0
Year three, originated, two years before current fiscal year 2 1
Year four, originated, three years before current fiscal year 1 0
Year five, originated, four years before current fiscal year 0 0
Originated, more than five years before current fiscal year 0 1
Revolving loans 0 0
Revolving loans converted to term 0 0
Total finance receivables and loans $ 3 $ 2
v3.25.4
Finance Receivables and Loans, Net - Schedule of Past Due Financing Receivables and Loans Commercial (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net $ 137,454 $ 136,030
Commercial    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 36,314 32,745
Commercial | Total past due    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 73 42
Commercial | 30–59 days past due    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 0 41
Commercial | 60–89 days past due    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 0 0
Commercial | 90 or more days past due    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 73 1
Commercial | Current    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 36,241 32,703
Commercial | Automotive    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 18,339 18,259
Commercial | Automotive | Total past due    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 0 5
Commercial | Automotive | 30–59 days past due    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 0 5
Commercial | Automotive | 60–89 days past due    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 0 0
Commercial | Automotive | 90 or more days past due    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 0 0
Commercial | Automotive | Current    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 18,339 18,254
Commercial | Other    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 10,309 8,212
Commercial | Other | Total past due    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 70 35
Commercial | Other | 30–59 days past due    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 0 35
Commercial | Other | 60–89 days past due    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 0 0
Commercial | Other | 90 or more days past due    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 70 0
Commercial | Other | Current    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 10,239 8,177
Commercial | Commercial real estate    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 7,666 6,274
Commercial | Commercial real estate | Total past due    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 3 2
Commercial | Commercial real estate | 30–59 days past due    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 0 1
Commercial | Commercial real estate | 60–89 days past due    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 0 0
Commercial | Commercial real estate | 90 or more days past due    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 3 1
Commercial | Commercial real estate | Current    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net $ 7,663 $ 6,272
v3.25.4
Finance Receivables and Loans, Net - Schedule of Financing Receivable Gross Charge-Offs (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year, writeoff $ 168 $ 160
Year two, originated, fiscal year before current fiscal year, writeoff 564 779
Year three, originated, two years before current fiscal year, writeoff 747 943
Year four, originated, three years before current fiscal year, writeoff 661 511
Year five, originated, four years before current fiscal year, writeoff 320 137
More than five years before current fiscal year, writeoff 154 154
Revolving loans 65 248
Revolving loans converted to term 4 16
Total 2,683 2,948
Write-downs from transfers to held-for-sale 5 5
Consumer    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year, writeoff 168 160
Year two, originated, fiscal year before current fiscal year, writeoff 564 779
Year three, originated, two years before current fiscal year, writeoff 747 943
Year four, originated, three years before current fiscal year, writeoff 661 511
Year five, originated, four years before current fiscal year, writeoff 319 137
More than five years before current fiscal year, writeoff 154 153
Revolving loans 64 246
Revolving loans converted to term 4 16
Total 2,681 2,945
Consumer | Automotive    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year, writeoff 168 160
Year two, originated, fiscal year before current fiscal year, writeoff 564 779
Year three, originated, two years before current fiscal year, writeoff 747 943
Year four, originated, three years before current fiscal year, writeoff 660 510
Year five, originated, four years before current fiscal year, writeoff 318 137
More than five years before current fiscal year, writeoff 153 152
Revolving loans 0 0
Revolving loans converted to term 0 0
Total 2,610 2,681
Write-downs from transfers to held-for-sale 0 5
Consumer | Consumer mortgage    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year, writeoff 0 0
Year two, originated, fiscal year before current fiscal year, writeoff 0 0
Year three, originated, two years before current fiscal year, writeoff 0 0
Year four, originated, three years before current fiscal year, writeoff 1 1
Year five, originated, four years before current fiscal year, writeoff 1 0
More than five years before current fiscal year, writeoff 1 1
Revolving loans 0 0
Revolving loans converted to term 0 0
Total 3 2
Write-downs from transfers to held-for-sale 5 0
Consumer | Other    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year, writeoff 0 0
Year two, originated, fiscal year before current fiscal year, writeoff 0 0
Year three, originated, two years before current fiscal year, writeoff 0 0
Year four, originated, three years before current fiscal year, writeoff 0 0
Year five, originated, four years before current fiscal year, writeoff 0 0
More than five years before current fiscal year, writeoff 0 0
Revolving loans 64 246
Revolving loans converted to term 4 16
Total 68 262
Write-downs from transfers to held-for-sale 0 0
Commercial    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year, writeoff 0 0
Year two, originated, fiscal year before current fiscal year, writeoff 0 0
Year three, originated, two years before current fiscal year, writeoff 0 0
Year four, originated, three years before current fiscal year, writeoff 0 0
Year five, originated, four years before current fiscal year, writeoff 1 0
More than five years before current fiscal year, writeoff 0 1
Revolving loans 1 2
Revolving loans converted to term 0 0
Total 2 3
Write-downs from transfers to held-for-sale 0 0
Commercial | Automotive    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year, writeoff 0 0
Year two, originated, fiscal year before current fiscal year, writeoff 0 0
Year three, originated, two years before current fiscal year, writeoff 0 0
Year four, originated, three years before current fiscal year, writeoff 0 0
Year five, originated, four years before current fiscal year, writeoff 1 0
More than five years before current fiscal year, writeoff 0 1
Revolving loans 1 2
Revolving loans converted to term 0 0
Total $ 2 $ 3
v3.25.4
Finance Receivables and Loans, Net - Schedule of Loan Modifications (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
loan
Dec. 31, 2024
USD ($)
loan
Dec. 31, 2023
USD ($)
loan
Financing Receivable, Troubled Debt Restructuring      
Trial modifications, term 3 months    
Trial modifications, amount $ 8 $ 4 $ 5
Total $ 853 $ 636 $ 378
Percentage of total 0.60% 0.50% 0.30%
Loans modified, commitment to lend $ 50 $ 39  
Payment deferrals      
Financing Receivable, Troubled Debt Restructuring      
Total 42 2 $ 36
Contractual maturity extensions      
Financing Receivable, Troubled Debt Restructuring      
Total 778 588 284
Principal forgiveness      
Financing Receivable, Troubled Debt Restructuring      
Total 8 5 13
Interest rate concessions      
Financing Receivable, Troubled Debt Restructuring      
Total 19 23 13
Combination      
Financing Receivable, Troubled Debt Restructuring      
Total 6 18 32
Consumer      
Financing Receivable, Troubled Debt Restructuring      
Total 670 444 296
Consumer | Current      
Financing Receivable, Troubled Debt Restructuring      
Total 529 332 247
Consumer | 30–59 days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 94 70 29
Consumer | 60–89 days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 31 27 8
Consumer | 90 or more days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 16 15 12
Consumer | Payment deferrals      
Financing Receivable, Troubled Debt Restructuring      
Total 1 0 0
Consumer | Contractual maturity extensions      
Financing Receivable, Troubled Debt Restructuring      
Total 654 420 238
Consumer | Principal forgiveness      
Financing Receivable, Troubled Debt Restructuring      
Total 8 5 13
Consumer | Interest rate concessions      
Financing Receivable, Troubled Debt Restructuring      
Total 1 16 13
Consumer | Combination      
Financing Receivable, Troubled Debt Restructuring      
Total 6 3 32
Consumer | Automotive      
Financing Receivable, Troubled Debt Restructuring      
Total $ 661 $ 425 $ 275
Number of loans redefaulted | loan 2,210 1,616 235
Amortized cost of loans redefaulted $ 53 $ 39 $ 5
Consumer | Automotive | Current      
Financing Receivable, Troubled Debt Restructuring      
Total 521 320 234
Consumer | Automotive | 30–59 days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 94 68 27
Consumer | Automotive | 60–89 days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 31 25 7
Consumer | Automotive | 90 or more days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 15 12 7
Consumer | Automotive | Payment deferrals      
Financing Receivable, Troubled Debt Restructuring      
Total $ 0 $ 0 $ 0
Payment extensions, number of months extended/deferred 34 months 30 months 29 months
Consumer | Automotive | Contractual maturity extensions      
Financing Receivable, Troubled Debt Restructuring      
Total $ 652 $ 418 $ 234
Consumer | Automotive | Contractual maturity extensions | Current      
Financing Receivable, Troubled Debt Restructuring      
Total 519 318 202
Consumer | Automotive | Contractual maturity extensions | 30–59 days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 94 68 24
Consumer | Automotive | Contractual maturity extensions | 60–89 days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 31 25 7
Consumer | Automotive | Contractual maturity extensions | 90 or more days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 8 7 1
Consumer | Automotive | Principal forgiveness      
Financing Receivable, Troubled Debt Restructuring      
Total 8 5 13
Principal forgiveness, amount forgiven 2 2 3
Consumer | Automotive | Principal forgiveness | Current      
Financing Receivable, Troubled Debt Restructuring      
Total 1 0 7
Consumer | Automotive | Principal forgiveness | 30–59 days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 0 0 1
Consumer | Automotive | Principal forgiveness | 60–89 days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 0 0 0
Consumer | Automotive | Principal forgiveness | 90 or more days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 7 5 5
Consumer | Automotive | Interest rate concessions      
Financing Receivable, Troubled Debt Restructuring      
Total $ 0 $ 0 $ 0
Interest rate concessions, initial rate 0.00% 0.00% 0.00%
Interest rate concessions, revised rate 0.00% 0.00% 0.00%
Consumer | Automotive | Combination      
Financing Receivable, Troubled Debt Restructuring      
Total $ 1 $ 2 $ 28
Interest rate concessions, initial rate 12.30% 14.30% 10.30%
Interest rate concessions, revised rate 8.60% 12.00% 9.50%
Payment extensions, initial term 69 months 72 months 74 months
Payment extensions, revised term 96 months 85 months 86 months
Consumer | Automotive | Combination | Current      
Financing Receivable, Troubled Debt Restructuring      
Total $ 1 $ 2 $ 25
Consumer | Automotive | Combination | 30–59 days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 0 0 2
Consumer | Automotive | Combination | 60–89 days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 0 0 0
Consumer | Automotive | Combination | 90 or more days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 0 0 1
Consumer | Consumer mortgage      
Financing Receivable, Troubled Debt Restructuring      
Total $ 9 3 $ 8
Number of loans redefaulted | loan 1   1
Amortized cost of loans redefaulted $ 1   $ 2
Consumer | Consumer mortgage | Current      
Financing Receivable, Troubled Debt Restructuring      
Total 8 2 6
Consumer | Consumer mortgage | 30–59 days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 0 0 0
Consumer | Consumer mortgage | 60–89 days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 0 1 0
Consumer | Consumer mortgage | 90 or more days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 1 0 2
Consumer | Consumer mortgage | Payment deferrals      
Financing Receivable, Troubled Debt Restructuring      
Total $ 1 $ 0 $ 0
Payment extensions, number of months extended/deferred 190 months 176 months 132 months
Consumer | Consumer mortgage | Payment deferrals | Current      
Financing Receivable, Troubled Debt Restructuring      
Total $ 1    
Consumer | Consumer mortgage | Payment deferrals | 30–59 days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 0    
Consumer | Consumer mortgage | Payment deferrals | 60–89 days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 0    
Consumer | Consumer mortgage | Payment deferrals | 90 or more days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 0    
Consumer | Consumer mortgage | Contractual maturity extensions      
Financing Receivable, Troubled Debt Restructuring      
Total 2 $ 2 $ 4
Consumer | Consumer mortgage | Contractual maturity extensions | Current      
Financing Receivable, Troubled Debt Restructuring      
Total 2 1 4
Consumer | Consumer mortgage | Contractual maturity extensions | 30–59 days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 0 0 0
Consumer | Consumer mortgage | Contractual maturity extensions | 60–89 days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 0 1 0
Consumer | Consumer mortgage | Contractual maturity extensions | 90 or more days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 0 0 0
Consumer | Consumer mortgage | Principal forgiveness      
Financing Receivable, Troubled Debt Restructuring      
Total 0 0 0
Principal forgiveness, amount forgiven 0 0 0
Consumer | Consumer mortgage | Interest rate concessions      
Financing Receivable, Troubled Debt Restructuring      
Total $ 1 $ 0 $ 0
Interest rate concessions, initial rate 2.90% 0.00% 0.00%
Interest rate concessions, revised rate 2.60% 0.00% 0.00%
Consumer | Consumer mortgage | Interest rate concessions | Current      
Financing Receivable, Troubled Debt Restructuring      
Total $ 0    
Consumer | Consumer mortgage | Interest rate concessions | 30–59 days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 0    
Consumer | Consumer mortgage | Interest rate concessions | 60–89 days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 0    
Consumer | Consumer mortgage | Interest rate concessions | 90 or more days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 1    
Consumer | Consumer mortgage | Combination      
Financing Receivable, Troubled Debt Restructuring      
Total $ 5 $ 1 $ 4
Payment extensions, number of months extended/deferred 150 months 325 months 207 months
Interest rate concessions, initial rate 3.70% 4.10% 4.40%
Interest rate concessions, revised rate 2.40% 3.10% 3.10%
Payment extensions, initial term 295 months 305 months 286 months
Payment extensions, revised term 441 months 449 months 442 months
Consumer | Consumer mortgage | Combination | Current      
Financing Receivable, Troubled Debt Restructuring      
Total $ 5 $ 1 $ 2
Consumer | Consumer mortgage | Combination | 30–59 days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 0 0 0
Consumer | Consumer mortgage | Combination | 60–89 days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 0 0 0
Consumer | Consumer mortgage | Combination | 90 or more days past due      
Financing Receivable, Troubled Debt Restructuring      
Total 0 0 2
Consumer | Other      
Financing Receivable, Troubled Debt Restructuring      
Total   16 13
Consumer | Other | Current      
Financing Receivable, Troubled Debt Restructuring      
Total   10 7
Consumer | Other | 30–59 days past due      
Financing Receivable, Troubled Debt Restructuring      
Total   2 2
Consumer | Other | 60–89 days past due      
Financing Receivable, Troubled Debt Restructuring      
Total   1 1
Consumer | Other | 90 or more days past due      
Financing Receivable, Troubled Debt Restructuring      
Total   3 3
Consumer | Other | Payment deferrals      
Financing Receivable, Troubled Debt Restructuring      
Total   0 0
Consumer | Other | Contractual maturity extensions      
Financing Receivable, Troubled Debt Restructuring      
Total   0 0
Consumer | Other | Principal forgiveness      
Financing Receivable, Troubled Debt Restructuring      
Total   0 0
Principal forgiveness, amount forgiven   2 0
Consumer | Other | Interest rate concessions      
Financing Receivable, Troubled Debt Restructuring      
Total   $ 16 $ 13
Interest rate concessions, initial rate   29.60% 30.00%
Interest rate concessions, revised rate   7.30% 8.00%
Consumer | Other | Interest rate concessions | Current      
Financing Receivable, Troubled Debt Restructuring      
Total   $ 10 $ 7
Consumer | Other | Interest rate concessions | 30–59 days past due      
Financing Receivable, Troubled Debt Restructuring      
Total   2 2
Consumer | Other | Interest rate concessions | 60–89 days past due      
Financing Receivable, Troubled Debt Restructuring      
Total   1 1
Consumer | Other | Interest rate concessions | 90 or more days past due      
Financing Receivable, Troubled Debt Restructuring      
Total   3 3
Consumer | Other | Combination      
Financing Receivable, Troubled Debt Restructuring      
Total   $ 0 $ 0
Interest rate concessions, initial rate   0.00% 0.00%
Interest rate concessions, revised rate   0.00% 0.00%
Commercial      
Financing Receivable, Troubled Debt Restructuring      
Total 183 $ 192 $ 82
Commercial | Pass      
Financing Receivable, Troubled Debt Restructuring      
Total 59 113 34
Commercial | Special mention      
Financing Receivable, Troubled Debt Restructuring      
Total 62 0 7
Commercial | Substandard      
Financing Receivable, Troubled Debt Restructuring      
Total 45 71 5
Commercial | Doubtful      
Financing Receivable, Troubled Debt Restructuring      
Total 17 8 36
Commercial | Payment deferrals      
Financing Receivable, Troubled Debt Restructuring      
Total $ 41 $ 2 $ 36
Payment extensions, number of months extended/deferred 18 months 36 months 15 months
Commercial | Contractual maturity extensions      
Financing Receivable, Troubled Debt Restructuring      
Total $ 124 $ 168 $ 46
Commercial | Principal forgiveness      
Financing Receivable, Troubled Debt Restructuring      
Total 0 0 0
Principal forgiveness, amount forgiven 0 0 0
Commercial | Interest rate concessions      
Financing Receivable, Troubled Debt Restructuring      
Total $ 18 $ 7 $ 0
Interest rate concessions, initial rate 11.90% 5.00% 0.00%
Interest rate concessions, revised rate 7.10% 3.00% 0.00%
Commercial | Combination      
Financing Receivable, Troubled Debt Restructuring      
Total $ 0 $ 15 $ 0
Interest rate concessions, initial rate 0.00% 5.70% 0.00%
Interest rate concessions, revised rate 0.00% 4.30% 0.00%
Payment extensions, initial term   7 months  
Payment extensions, revised term   61 months  
Commercial | Automotive      
Financing Receivable, Troubled Debt Restructuring      
Total $ 11 $ 9  
Commercial | Automotive | Pass      
Financing Receivable, Troubled Debt Restructuring      
Total 0 0  
Commercial | Automotive | Special mention      
Financing Receivable, Troubled Debt Restructuring      
Total 0 0  
Commercial | Automotive | Substandard      
Financing Receivable, Troubled Debt Restructuring      
Total 11 2  
Commercial | Automotive | Doubtful      
Financing Receivable, Troubled Debt Restructuring      
Total 0 7  
Commercial | Automotive | Payment deferrals      
Financing Receivable, Troubled Debt Restructuring      
Total 0 $ 2  
Payment extensions, number of months extended/deferred   6 months  
Commercial | Automotive | Payment deferrals | Pass      
Financing Receivable, Troubled Debt Restructuring      
Total   $ 0  
Commercial | Automotive | Payment deferrals | Special mention      
Financing Receivable, Troubled Debt Restructuring      
Total   0  
Commercial | Automotive | Payment deferrals | Substandard      
Financing Receivable, Troubled Debt Restructuring      
Total   2  
Commercial | Automotive | Payment deferrals | Doubtful      
Financing Receivable, Troubled Debt Restructuring      
Total   0  
Commercial | Automotive | Contractual maturity extensions      
Financing Receivable, Troubled Debt Restructuring      
Total 0 0  
Commercial | Automotive | Principal forgiveness      
Financing Receivable, Troubled Debt Restructuring      
Total 0 0  
Principal forgiveness, amount forgiven 0 0  
Commercial | Automotive | Interest rate concessions      
Financing Receivable, Troubled Debt Restructuring      
Total $ 11 $ 7  
Interest rate concessions, initial rate 12.50% 5.00%  
Interest rate concessions, revised rate 7.90% 3.00%  
Commercial | Automotive | Interest rate concessions | Pass      
Financing Receivable, Troubled Debt Restructuring      
Total $ 0 $ 0  
Commercial | Automotive | Interest rate concessions | Special mention      
Financing Receivable, Troubled Debt Restructuring      
Total 0 0  
Commercial | Automotive | Interest rate concessions | Substandard      
Financing Receivable, Troubled Debt Restructuring      
Total 11 0  
Commercial | Automotive | Interest rate concessions | Doubtful      
Financing Receivable, Troubled Debt Restructuring      
Total 0 7  
Commercial | Automotive | Combination      
Financing Receivable, Troubled Debt Restructuring      
Total $ 0 $ 0  
Interest rate concessions, initial rate 0.00% 0.00%  
Interest rate concessions, revised rate 0.00% 0.00%  
Commercial | Other      
Financing Receivable, Troubled Debt Restructuring      
Total $ 161 $ 182 $ 82
Commercial | Other | Pass      
Financing Receivable, Troubled Debt Restructuring      
Total 59 113  
Commercial | Other | Special mention      
Financing Receivable, Troubled Debt Restructuring      
Total 59 0  
Commercial | Other | Substandard      
Financing Receivable, Troubled Debt Restructuring      
Total 27 69  
Commercial | Other | Doubtful      
Financing Receivable, Troubled Debt Restructuring      
Total 16 0  
Commercial | Other | Payment deferrals      
Financing Receivable, Troubled Debt Restructuring      
Total $ 37 $ 0 $ 36
Payment extensions, number of months extended/deferred 18 months 37 months 15 months
Commercial | Other | Payment deferrals | Pass      
Financing Receivable, Troubled Debt Restructuring      
Total $ 34   $ 0
Commercial | Other | Payment deferrals | Special mention      
Financing Receivable, Troubled Debt Restructuring      
Total 0   0
Commercial | Other | Payment deferrals | Substandard      
Financing Receivable, Troubled Debt Restructuring      
Total 0   0
Commercial | Other | Payment deferrals | Doubtful      
Financing Receivable, Troubled Debt Restructuring      
Total 3   36
Commercial | Other | Contractual maturity extensions      
Financing Receivable, Troubled Debt Restructuring      
Total 124 $ 168 $ 46
Commercial | Other | Contractual maturity extensions | Corporate Finance operations      
Financing Receivable, Troubled Debt Restructuring      
Payment extensions, number of months extended/deferred     3 months
Commercial | Other | Contractual maturity extensions | Pass      
Financing Receivable, Troubled Debt Restructuring      
Total 25 113 $ 34
Commercial | Other | Contractual maturity extensions | Special mention      
Financing Receivable, Troubled Debt Restructuring      
Total 59 0 7
Commercial | Other | Contractual maturity extensions | Substandard      
Financing Receivable, Troubled Debt Restructuring      
Total 27 55 5
Commercial | Other | Contractual maturity extensions | Doubtful      
Financing Receivable, Troubled Debt Restructuring      
Total 13 0 0
Commercial | Other | Principal forgiveness      
Financing Receivable, Troubled Debt Restructuring      
Total 0 0 0
Principal forgiveness, amount forgiven 0 0 0
Commercial | Other | Interest rate concessions      
Financing Receivable, Troubled Debt Restructuring      
Total $ 0 $ 0 $ 0
Interest rate concessions, initial rate 0.00% 0.00% 0.00%
Interest rate concessions, revised rate 0.00% 0.00% 0.00%
Commercial | Other | Combination      
Financing Receivable, Troubled Debt Restructuring      
Total $ 0 $ 14 $ 0
Interest rate concessions, initial rate 0.00% 5.50% 0.00%
Interest rate concessions, revised rate 0.00% 4.30% 0.00%
Payment extensions, initial term   4 months  
Payment extensions, revised term   60 months  
Commercial | Other | Combination | Pass      
Financing Receivable, Troubled Debt Restructuring      
Total   $ 0  
Commercial | Other | Combination | Special mention      
Financing Receivable, Troubled Debt Restructuring      
Total   0  
Commercial | Other | Combination | Substandard      
Financing Receivable, Troubled Debt Restructuring      
Total   14  
Commercial | Other | Combination | Doubtful      
Financing Receivable, Troubled Debt Restructuring      
Total   0  
Commercial | Commercial real estate      
Financing Receivable, Troubled Debt Restructuring      
Total $ 11 1  
Commercial | Commercial real estate | Pass      
Financing Receivable, Troubled Debt Restructuring      
Total 0 0  
Commercial | Commercial real estate | Special mention      
Financing Receivable, Troubled Debt Restructuring      
Total 3 0  
Commercial | Commercial real estate | Substandard      
Financing Receivable, Troubled Debt Restructuring      
Total 7 0  
Commercial | Commercial real estate | Doubtful      
Financing Receivable, Troubled Debt Restructuring      
Total 1 1  
Commercial | Commercial real estate | Payment deferrals      
Financing Receivable, Troubled Debt Restructuring      
Total $ 4 0  
Payment extensions, number of months extended/deferred 6 months    
Commercial | Commercial real estate | Payment deferrals | Pass      
Financing Receivable, Troubled Debt Restructuring      
Total $ 0    
Commercial | Commercial real estate | Payment deferrals | Special mention      
Financing Receivable, Troubled Debt Restructuring      
Total 3    
Commercial | Commercial real estate | Payment deferrals | Substandard      
Financing Receivable, Troubled Debt Restructuring      
Total 0    
Commercial | Commercial real estate | Payment deferrals | Doubtful      
Financing Receivable, Troubled Debt Restructuring      
Total 1    
Commercial | Commercial real estate | Contractual maturity extensions      
Financing Receivable, Troubled Debt Restructuring      
Total 0 0  
Commercial | Commercial real estate | Principal forgiveness      
Financing Receivable, Troubled Debt Restructuring      
Total 0 0  
Principal forgiveness, amount forgiven 0 0  
Commercial | Commercial real estate | Interest rate concessions      
Financing Receivable, Troubled Debt Restructuring      
Total $ 7 $ 0  
Interest rate concessions, initial rate 10.90% 0.00%  
Interest rate concessions, revised rate 5.90% 0.00%  
Commercial | Commercial real estate | Interest rate concessions | Pass      
Financing Receivable, Troubled Debt Restructuring      
Total $ 0    
Commercial | Commercial real estate | Interest rate concessions | Special mention      
Financing Receivable, Troubled Debt Restructuring      
Total 0    
Commercial | Commercial real estate | Interest rate concessions | Substandard      
Financing Receivable, Troubled Debt Restructuring      
Total 7    
Commercial | Commercial real estate | Interest rate concessions | Doubtful      
Financing Receivable, Troubled Debt Restructuring      
Total 0    
Commercial | Commercial real estate | Combination      
Financing Receivable, Troubled Debt Restructuring      
Total $ 0 $ 1  
Interest rate concessions, initial rate 0.00% 11.00%  
Interest rate concessions, revised rate 0.00% 6.00%  
Payment extensions, initial term   84 months  
Payment extensions, revised term   93 months  
Commercial | Commercial real estate | Combination | Pass      
Financing Receivable, Troubled Debt Restructuring      
Total   $ 0  
Commercial | Commercial real estate | Combination | Special mention      
Financing Receivable, Troubled Debt Restructuring      
Total   0  
Commercial | Commercial real estate | Combination | Substandard      
Financing Receivable, Troubled Debt Restructuring      
Total   0  
Commercial | Commercial real estate | Combination | Doubtful      
Financing Receivable, Troubled Debt Restructuring      
Total   $ 1  
v3.25.4
Finance Receivables and Loans, Net - Schedule of Consumer Concentration Risk (Details) - Financing Receivable - Geographic Concentration Risk - Consumer
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Automotive    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 100.00% 100.00%
Consumer mortgage    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 100.00% 100.00%
Other    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 0.00% 100.00%
California    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 25.80%  
California | Automotive    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 8.30% 8.50%
California | Consumer mortgage    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 40.50% 39.90%
California | Other    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 0.00% 9.30%
Texas    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage   26.00%
Texas | Automotive    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 13.60% 13.50%
Texas | Consumer mortgage    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 7.10% 7.20%
Texas | Other    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 0.00% 7.80%
Florida | Automotive    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 9.10% 9.30%
Florida | Consumer mortgage    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 6.20% 6.20%
Florida | Other    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 0.00% 9.10%
North Carolina | Automotive    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 4.80% 4.60%
North Carolina | Consumer mortgage    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 1.80% 1.90%
North Carolina | Other    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 0.00% 3.00%
Pennsylvania | Automotive    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 4.50% 4.50%
Pennsylvania | Consumer mortgage    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 2.20% 2.10%
Pennsylvania | Other    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 0.00% 4.10%
Georgia | Automotive    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 4.10% 4.00%
Georgia | Consumer mortgage    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 2.90% 2.90%
Georgia | Other    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 0.00% 3.70%
New York | Automotive    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 4.00% 3.80%
New York | Consumer mortgage    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 1.80% 1.90%
New York | Other    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 0.00% 5.40%
New Jersey | Automotive    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 3.20% 3.30%
New Jersey | Consumer mortgage    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 2.50% 2.50%
New Jersey | Other    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 0.00% 3.50%
Illinois | Automotive    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 3.00% 3.20%
Illinois | Consumer mortgage    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 2.80% 2.80%
Illinois | Other    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 0.00% 4.60%
Ohio | Automotive    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 3.20% 3.30%
Ohio | Consumer mortgage    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 0.40% 0.40%
Ohio | Other    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 0.00% 4.50%
Other United States | Automotive    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 42.20% 42.00%
Other United States | Consumer mortgage    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 31.80% 32.20%
Other United States | Other    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 0.00% 45.00%
v3.25.4
Finance Receivables and Loans, Net - Schedule of Commercial Concentration Risk (Details) - Financing Receivable - Geographic Concentration Risk - Commercial - Commercial real estate
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 100.00% 100.00%
Florida    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 22.10% 16.00%
Texas    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 12.10% 14.10%
California    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 8.00% 6.60%
New York    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 7.90% 5.40%
Ohio    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 5.40% 5.60%
North Carolina    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 3.60% 4.80%
Michigan    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 3.40% 4.10%
Georgia    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 3.00% 3.30%
Illinois    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 2.40% 2.60%
Missouri    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 2.20% 2.90%
Other United States    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 29.90% 34.60%
v3.25.4
Finance Receivables and Loans, Net - Schedule of Commercial Criticized Risk Exposure (Details) - Financing Receivable - Industry Concentration Risk - Commercial
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 100.00% 100.00%
Automotive    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 61.70% 64.40%
Services    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 12.40% 9.00%
Electronics    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 11.20% 12.80%
Other    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Concentration risk, percentage 14.70% 13.80%
v3.25.4
Leasing - Ally as the Lessee (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Lessee, Lease, Description [Line Items]    
Noncancelable lease term 367 days  
Lease extension, maximum 48 months  
Cash paid for amounts included in the measurement of lease liabilities $ 36 $ 35
Right-of-use asset obtained in exchange for operating lease liability $ 52 $ 34
Operating lease, weighted-average remaining lease term 5 years 3 years
Operating lease, weighted average discount rate 3.66% 3.32%
Minimum    
Lessee, Lease, Description [Line Items]    
Operating lease remaining lease term 4 months  
Maximum    
Lessee, Lease, Description [Line Items]    
Operating lease remaining lease term 11 years  
v3.25.4
Leasing - Schedule of Lessee, Operating Lease, Liability, Maturity (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Leases [Abstract]    
2026 $ 38  
2027 33  
2028 26  
2029 9  
2030 8  
2031 and thereafter 23  
Total undiscounted cash flows 137  
Difference between undiscounted cash flows and discounted cash flows (13)  
Total lease liability $ 124 $ 111
v3.25.4
Leasing - Schedule of Lease, Cost (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Leases [Abstract]      
Operating lease expense $ 32 $ 30 $ 29
Variable lease expense 5 4 5
Total lease expense, net $ 37 $ 34 $ 34
v3.25.4
Leasing - Schedule of Ally as the Lessor (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]    
Vehicles $ 10,163 $ 9,519
Accumulated depreciation (1,391) (1,528)
Investment in operating leases, net $ 8,772 7,991
Minimum    
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]    
Lessor, term of contract 24 months  
Maximum    
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]    
Lessor, term of contract 60 months  
Vehicles    
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]    
Residual value of leased asset $ 3,400 $ 1,900
Vehicles | 50% Of Contract Residual Value    
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]    
Residual value guarantee, percentage 50.00% 50.00%
v3.25.4
Leasing - Schedule of Lessor, Operating Lease, Payments to be Received, Maturity (Details)
$ in Millions
Dec. 31, 2025
USD ($)
Leases [Abstract]  
2026 $ 1,445
2027 944
2028 351
2029 41
2030 2
Total lease payments from operating leases $ 2,783
v3.25.4
Leasing - Schedule of Depreciation Expense on Operating Lease Assets (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Leases [Abstract]      
Operating lease revenue $ 1,455 $ 1,355 $ 1,550
Depreciation expense on operating lease assets (excluding remarketing gains and losses) 909 868 1,051
Remarketing losses (gains), net 28 (132) (211)
Net depreciation expense on operating lease assets 937 736 840
Variable lease payments, excessive wear and tear $ 22 $ 21 $ 9
v3.25.4
Leasing - Schedule of Sales-type and Direct Financing Leases, Lease Receivable, Maturity (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Leases [Abstract]    
Direct financing lease, net investment in lease $ 376 $ 496
Direct financing lease, interest income 35 $ 46
2026 134  
2027 118  
2028 87  
2029 59  
2030 31  
2031 and thereafter 11  
Total undiscounted cash flows 440  
Difference between undiscounted cash flows and discounted cash flows (64)  
Present value of lease payments recorded as lease receivable $ 376  
v3.25.4
Securitizations and Variable Interest Entities - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Securitizations And Variable Interest Entities [Abstract]      
(Loss) gain on sales of financial assets $ (7) $ 3 $ 1
v3.25.4
Securitizations and Variable Interest Entities - Schedule of Variable Interest Entities (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Variable Interest Entity [Line Items]      
Carrying value of total assets $ 196,002 $ 191,836 $ 196,329
Carrying value of total liabilities 180,504 177,933  
Assets sold to nonconsolidated VIEs 3,192 2,971  
Maximum exposure to loss in nonconsolidated VIEs 6,935 6,545  
Non-recourse debt 17,070 17,495  
Held-to-maturity securities 4,371 4,346  
Other assets 11,623 10,660  
Equity securities 876 871  
Variable Interest Entity      
Variable Interest Entity [Line Items]      
Carrying value of total assets 15,024 15,681  
Carrying value of total liabilities 2,439 2,705  
On‑balance sheet variable interest entities      
Variable Interest Entity [Line Items]      
Carrying value of total assets 3,240 4,666  
Carrying value of total liabilities 1,482 1,565  
Non-recourse debt 1,479 1,561  
Other assets 260 333  
On‑balance sheet variable interest entities | Consumer | Automotive      
Variable Interest Entity [Line Items]      
Carrying value of total assets 12,149 12,821  
Carrying value of total liabilities 1,619 1,683  
Assets sold to nonconsolidated VIEs 0 0  
Maximum exposure to loss in nonconsolidated VIEs 0 0  
Assets held-in-trust 8,900 8,200  
On‑balance sheet variable interest entities | Consumer | Automotive | Nonrecourse      
Variable Interest Entity [Line Items]      
Non-recourse debt 137 118  
Off-balance sheet variable interest entities | Consumer | Automotive      
Variable Interest Entity [Line Items]      
Carrying value of total assets 53 92  
Carrying value of total liabilities 0 0  
Assets sold to nonconsolidated VIEs 3,192 2,885  
Maximum exposure to loss in nonconsolidated VIEs 3,245 2,977  
Held-to-maturity securities 50 88  
Other assets 3 4  
Off-balance sheet variable interest entities | Consumer | Other      
Variable Interest Entity [Line Items]      
Carrying value of total assets   0  
Carrying value of total liabilities   0  
Assets sold to nonconsolidated VIEs   86  
Maximum exposure to loss in nonconsolidated VIEs   86  
Off-balance sheet variable interest entities | Commercial | Other      
Variable Interest Entity [Line Items]      
Carrying value of total assets 2,822 2,768  
Carrying value of total liabilities 820 1,022  
Assets sold to nonconsolidated VIEs 0 0  
Maximum exposure to loss in nonconsolidated VIEs 3,690 3,482  
Equity securities $ 56 $ 50  
v3.25.4
Securitizations and Variable Interest Entities - Schedule of Cash Flows with Nonconsolidated Special-Purpose Entities (Details) - Off-balance sheet variable interest entities - Consumer - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Automotive      
Cash Flow Received and Paid to Nonconsolidated Securitization Entities [Line Items]      
Cash proceeds from transfers completed during the period $ 1,420 $ 1,594 $ 1,131
Servicing fees 62 58 19
Cash flows received on retained interests in securitization entities 42 54 4
Other cash flows received 4 2 1
Cash disbursements for repurchases during the period 1 1 0
Other      
Cash Flow Received and Paid to Nonconsolidated Securitization Entities [Line Items]      
Cash proceeds from transfers completed during the period 8 46 117
Servicing fees $ 1 $ 6 $ 8
v3.25.4
Securitizations and Variable Interest Entities - Schedule of Quantitative Information and Net Credit Losses about Securitized and Other Financial Assets Managed Together (Details) - Off-balance sheet variable interest entities - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Derecognized Assets, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]    
Total amount $ 3,192 $ 2,971
Amount 60 days or more past due 161 115
Net credit losses 128 135
Off-balance-sheet securitization entities | Automotive | Consumer    
Derecognized Assets, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]    
Total amount 1,002 1,730
Amount 60 days or more past due 18 22
Net credit losses 17 20
Whole-loan sales | Automotive | Consumer    
Derecognized Assets, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]    
Total amount 2,190 1,155
Amount 60 days or more past due 143 83
Net credit losses 104 79
Whole-loan sales | Other | Consumer    
Derecognized Assets, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]    
Total amount 0 86
Amount 60 days or more past due 0 10
Net credit losses $ 7 $ 36
v3.25.4
Premiums Receivable and Other Insurance Assets (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Premiums Receivable Disclosure [Abstract]    
Prepaid reinsurance premiums $ 644 $ 594
Reinsurance recoverable on unpaid losses 69 60
Reinsurance recoverable on paid losses 37 44
Premiums receivable 223 206
Deferred policy and service contract acquisition costs 1,871 1,886
Total premiums receivable and other insurance assets $ 2,844 $ 2,790
v3.25.4
Other Assets - Schedule of Other Assets (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Other Assets [Abstract]      
Property and equipment at cost $ 2,280 $ 2,226  
Accumulated depreciation (1,130) (973)  
Net property and equipment 1,150 1,253  
Net deferred tax assets 2,334 1,916  
Proportional amortization investments 2,094 2,131  
Restricted cash and cash equivalents 1,543 788  
Accrued interest, fees, and rent receivables 941 929  
Nonmarketable equity investments 922 789  
Equity-method investments 715 632  
Other accounts receivable 403 312  
Restricted cash held for securitization trusts 236 300  
Goodwill 190 551 $ 669
Operating lease right-of-use assets 109 92  
Net intangible assets 0 54  
Other assets 986 913  
Total other assets $ 11,623 $ 10,660  
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Total other assets Total other assets  
v3.25.4
Other Assets - Schedule of Proportional Amortization Investment (Details) - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Other Assets [Abstract]      
Tax credits and other tax benefits from proportional amortization investments $ 302,000,000 $ 251,000,000 $ 200,000,000
Investment amortization expense recognized as a component of income tax expense 237,000,000 203,000,000 157,000,000
Net benefit from proportional amortization investments $ 65,000,000 $ 48,000,000 $ 43,000,000
Investment Program, Proportional Amortization Method, Elected, Income Tax Credit and Other Income Tax Benefit, before Amortization, Statement of Income or Comprehensive Income [Extensible Enumeration] Total income tax expense from continuing operations Total income tax expense from continuing operations Total income tax expense from continuing operations
Investment Program, Proportional Amortization Method, Elected, Income Tax Credit and Other Income Tax Benefit, after Amortization, Statement of Income or Comprehensive Income [Extensible Enumeration] Total income tax expense from continuing operations Total income tax expense from continuing operations Total income tax expense from continuing operations
Investment Program, Proportional Amortization Method, Applied, Amortization Expense, Statement of Income or Comprehensive Income [Extensible Enumeration] Total income tax expense from continuing operations Total income tax expense from continuing operations Total income tax expense from continuing operations
Investment Program, Proportional Amortization Method, Elected, Income Tax Credit and Other Income Tax Benefit, before Amortization, Statement of Cash Flows [Extensible Enumeration] Increase (Decrease) in Deferred Income Taxes, Increase (Decrease) in Other Operating Assets, Other liabilities Increase (Decrease) in Deferred Income Taxes, Increase (Decrease) in Other Operating Assets, Other liabilities Increase (Decrease) in Deferred Income Taxes, Increase (Decrease) in Other Operating Assets, Other liabilities
Investment Program, Proportional Amortization Method, Applied, Amortization Expense, Statement of Cash Flows [Extensible Enumeration] Increase (Decrease) in Deferred Income Taxes, Increase (Decrease) in Other Operating Assets, Other liabilities Increase (Decrease) in Deferred Income Taxes, Increase (Decrease) in Other Operating Assets, Other liabilities Increase (Decrease) in Deferred Income Taxes, Increase (Decrease) in Other Operating Assets, Other liabilities
Investment Program, Proportional Amortization Method, Elected, Income Tax Credit and Other Income Tax Benefit, after Amortization, Statement of Cash Flows [Extensible Enumeration] Increase (Decrease) in Deferred Income Taxes, Increase (Decrease) in Other Operating Assets, Other liabilities Increase (Decrease) in Deferred Income Taxes, Increase (Decrease) in Other Operating Assets, Other liabilities Increase (Decrease) in Deferred Income Taxes, Increase (Decrease) in Other Operating Assets, Other liabilities
Investment program, proportional amortization method, elected, impairment loss $ 0 $ 0 $ 0
v3.25.4
Other Assets - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Goodwill [Line Items]        
Proportional amortization investments $ 2,131 $ 2,094 $ 2,131  
Unfunded commitments for proportional amortization investments 1,019 $ 819 1,019  
Unfunded commitments, period to be paid   5 years    
Goodwill impairment   $ 305 118 $ 149
Goodwill, transfers   56    
Corporate and Other        
Goodwill [Line Items]        
Goodwill impairment   305 118 $ 149
Goodwill, transfers   56    
Corporate and Other | Disposal Group, Held-for-Sale or Disposed of by Sale, Not Discontinued Operations | Ally Credit Card        
Goodwill [Line Items]        
Goodwill impairment $ 118 $ 305 $ 118  
v3.25.4
Other Assets - Schedule of Equity Securities without Readily Determinable Fair Value (Details) - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Other Assets [Abstract]    
FRB stock $ 452,000,000 $ 440,000,000
FHLB stock 359,000,000 258,000,000
Equity investments without a readily determinable fair value    
Cost basis 94,000,000 74,000,000
Upward adjustments 57,000,000 53,000,000
Downward adjustments (including impairment) (40,000,000) (36,000,000)
Carrying amount, equity investments without a readily determinable fair value 111,000,000 91,000,000
Nonmarketable equity investments 922,000,000 789,000,000
Upward adjustments 3,000,000 2,000,000
Downward adjustments (including impairment) (4,000,000) (15,000,000)
Impairment of FHLB and FRB stock $ 0 $ 0
v3.25.4
Other Assets - Schedule of Goodwill (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Goodwill [Roll Forward]      
Goodwill beginning balance $ 551 $ 669  
Goodwill impairment (305) (118) $ (149)
Transfer to assets of operations held-for-sale (56)    
Goodwill ending balance 190 551 669
Operating Segments | Automotive Finance operations      
Goodwill [Roll Forward]      
Goodwill beginning balance 20 20  
Goodwill impairment 0 0 0
Transfer to assets of operations held-for-sale 0    
Goodwill ending balance 20 20 20
Operating Segments | Insurance operations      
Goodwill [Roll Forward]      
Goodwill beginning balance 27 27  
Goodwill impairment 0 0 0
Transfer to assets of operations held-for-sale 0    
Goodwill ending balance 27 27 27
Corporate and Other      
Goodwill [Roll Forward]      
Goodwill beginning balance 504 622  
Goodwill impairment (305) (118) (149)
Transfer to assets of operations held-for-sale (56)    
Goodwill ending balance 143 504 $ 622
Corporate and Other | Ally Invest      
Goodwill [Roll Forward]      
Goodwill beginning balance 143    
Goodwill ending balance 143 143  
Corporate and Other | Ally Credit Card      
Goodwill [Roll Forward]      
Goodwill beginning balance $ 361    
Goodwill ending balance   $ 361  
v3.25.4
Other Assets - Schedule of Intangible Assets (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Finite-Lived Intangible Assets [Line Items]    
Accumulated amortization $ (80) $ (131)
Total intangible assets, gross 80 185
Net intangible assets 0 54
Technology    
Finite-Lived Intangible Assets [Line Items]    
Gross intangible assets 39 117
Accumulated amortization (39) (77)
Net carrying value 0 40
Customer lists    
Finite-Lived Intangible Assets [Line Items]    
Gross intangible assets 41 41
Accumulated amortization (41) (41)
Net carrying value 0 0
Purchased credit card relationships    
Finite-Lived Intangible Assets [Line Items]    
Gross intangible assets 0 25
Accumulated amortization 0 (11)
Net carrying value 0 14
Trademarks    
Finite-Lived Intangible Assets [Line Items]    
Gross intangible assets 0 2
Accumulated amortization 0 (2)
Net carrying value $ 0 $ 0
v3.25.4
Deposit Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Deposits [Abstract]    
Noninterest-bearing deposits $ 125 $ 131
Interest-bearing deposits    
Savings, money market, and spending accounts 109,214 104,201
Certificates of deposit 42,310 47,242
Total deposit liabilities 151,649 151,574
Certificates of deposit, in excess of $250,000 federal insurance limits $ 6,200 $ 6,800
v3.25.4
Deposit Liabilities - Schedule of Time Deposit Maturities (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Deposits [Abstract]    
Due in 2026 $ 34,764  
Due in 2027 4,286  
Due in 2028 2,203  
Due in 2029 850  
Due in 2030 207  
Total certificates of deposit 42,310 $ 47,242
Certificates of deposit, uninsured $ 6,200  
v3.25.4
Debt - Schedule of Short-term Debt (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Short-term Debt [Line Items]    
Federal Home Loan Bank $ 4,150 $ 1,625
Securities sold under agreements to repurchase 545 0
Total short-term borrowings $ 4,695 $ 1,625
Weighted average interest rate 4.00% 4.70%
Cash collateral placed $ 1  
U.S. Treasury and federal agencies    
Short-term Debt [Line Items]    
Securities sold under agreements to repurchase 462  
Agency mortgage-backed residential    
Short-term Debt [Line Items]    
Securities sold under agreements to repurchase 83  
Maturity Within 30 Days    
Short-term Debt [Line Items]    
Securities sold under agreements to repurchase 462  
Maturity 31 to 60 Days    
Short-term Debt [Line Items]    
Securities sold under agreements to repurchase 83  
Unsecured    
Short-term Debt [Line Items]    
Federal Home Loan Bank 0 $ 0
Securities sold under agreements to repurchase 0 0
Total short-term borrowings 0 0
Secured debt    
Short-term Debt [Line Items]    
Federal Home Loan Bank 4,150 1,625
Securities sold under agreements to repurchase 545 0
Total short-term borrowings $ 4,695 $ 1,625
v3.25.4
Debt - Schedule of Long-term Debt Portfolio (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Long-term debt $ 17,070 $ 17,495
Subordinated debt 1,000 2,000
Unsecured    
Debt Instrument [Line Items]    
Fixed rate 9,933 10,974
Hedge basis adjustments 79 88
Long-term debt $ 10,012 $ 11,062
Weighted average stated interest rate 6.35% 6.25%
Unsecured | Minimum    
Debt Instrument [Line Items]    
Interest rate 1.15% 1.15%
Unsecured | Maximum    
Debt Instrument [Line Items]    
Interest rate 8.00% 8.00%
Secured debt    
Debt Instrument [Line Items]    
Fixed rate $ 7,010 $ 6,358
Variable rate 48 75
Long-term debt $ 7,058 $ 6,433
Weighted average stated interest rate 4.37% 4.32%
Variable interest entity debt $ 1,500 $ 1,600
Secured debt | Federal Home Loan Bank of Pittsburgh    
Debt Instrument [Line Items]    
Secured debt $ 4,200 $ 4,200
Secured debt | Minimum    
Debt Instrument [Line Items]    
Interest rate 3.19% 1.96%
Secured debt | Maximum    
Debt Instrument [Line Items]    
Interest rate 12.75% 12.75%
v3.25.4
Debt - Schedule of Long-term Debt (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Long-term debt, due within one year $ 2,659 $ 4,819
Long-term debt, due after one year 14,411 12,676
Total long-term debt 17,070 17,495
Unsecured    
Debt Instrument [Line Items]    
Long-term debt, due within one year 0 2,408
Long-term debt, due after one year 10,012 8,654
Total long-term debt 10,012 11,062
Secured debt    
Debt Instrument [Line Items]    
Long-term debt, due within one year 2,659 2,411
Long-term debt, due after one year 4,399 4,022
Total long-term debt $ 7,058 $ 6,433
v3.25.4
Debt - Schedule of Remaining Maturity of Long-term Debt (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
2026 $ 2,659  
2027 3,947  
2028 2,425  
2029 1,908  
2030 716  
2031 and thereafter 5,415  
Total long-term debt 17,070 $ 17,495
Unsecured    
Debt Instrument [Line Items]    
2026 0  
2027 1,525  
2028 789  
2029 1,655  
2030 650  
2031 and thereafter 5,393  
Total long-term debt 10,012 11,062
Secured debt    
Debt Instrument [Line Items]    
Total long-term debt 7,058 $ 6,433
Long-term debt | Unsecured    
Debt Instrument [Line Items]    
2026 82  
2027 1,620  
2028 896  
2029 1,778  
2030 793  
2031 and thereafter 5,532  
Total long-term debt 10,701  
Long-term debt | Secured debt    
Debt Instrument [Line Items]    
2026 2,659  
2027 2,422  
2028 1,636  
2029 253  
2030 66  
2031 and thereafter 22  
Total long-term debt 7,058  
Original issue discount | Unsecured    
Debt Instrument [Line Items]    
Debt instrument, unamortized discount (689)  
Original issue discount | Unsecured | 2026    
Debt Instrument [Line Items]    
Debt instrument, unamortized discount, current (82)  
Original issue discount | Unsecured | 2027    
Debt Instrument [Line Items]    
Debt instrument, unamortized discount, noncurrent (95)  
Original issue discount | Unsecured | 2028    
Debt Instrument [Line Items]    
Debt instrument, unamortized discount, noncurrent (107)  
Original issue discount | Unsecured | 2029    
Debt Instrument [Line Items]    
Debt instrument, unamortized discount, noncurrent (123)  
Original issue discount | Unsecured | 2030    
Debt Instrument [Line Items]    
Debt instrument, unamortized discount, noncurrent (143)  
Original issue discount | Unsecured | 2031 and thereafter    
Debt Instrument [Line Items]    
Debt instrument, unamortized discount, noncurrent $ (139)  
v3.25.4
Debt - Schedule of Pledged Assets Related to Secured Borrowings and Repurchase Agreement (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Pledged Assets related to secured borrowings [Line Items]    
Total assets restricted as collateral $ 64,770 $ 65,497
Secured debt 11,753 8,058
Amortized cost 25,825 26,810
Short-term borrowings 4,695 1,625
Secured debt    
Pledged Assets related to secured borrowings [Line Items]    
Short-term borrowings 4,695 1,625
Asset Pledged as Collateral    
Pledged Assets related to secured borrowings [Line Items]    
Amortized cost 3,114 2,822
Credit-Linked Notes    
Pledged Assets related to secured borrowings [Line Items]    
Total assets restricted as collateral 1,381 669
Pledged assets for Federal Home Loan Bank    
Pledged Assets related to secured borrowings [Line Items]    
Total assets restricted as collateral 26,000 26,500
Pledged assets for Federal Reserve Bank    
Pledged Assets related to secured borrowings [Line Items]    
Total assets restricted as collateral 33,700 33,800
Investment securities    
Pledged Assets related to secured borrowings [Line Items]    
Total assets restricted as collateral 3,292 2,946
Consumer | Automotive    
Pledged Assets related to secured borrowings [Line Items]    
Total assets restricted as collateral 36,807 38,316
Consumer | Consumer mortgage    
Pledged Assets related to secured borrowings [Line Items]    
Total assets restricted as collateral 15,604 17,269
Commercial    
Pledged Assets related to secured borrowings [Line Items]    
Total assets restricted as collateral $ 7,686 $ 6,297
v3.25.4
Accrued Expenses and Other Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Accounts Payable and Accrued Liabilities [Abstract]        
Unfunded commitments for proportional amortization investments $ 819 $ 1,019    
Accounts payable 420 505    
Employee compensation and benefits 417 424    
Reserves for insurance losses and loss adjustment expenses 233 189 $ 140 $ 119
Deferred revenue $ 141 $ 122    
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] Total accrued expenses and other liabilities Total accrued expenses and other liabilities    
Operating lease liabilities $ 124 $ 111    
Other liabilities 551 444    
Total accrued expenses and other liabilities $ 2,705 $ 2,814    
v3.25.4
Equity - Schedule of Stockholders Equity (Details) - shares
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2016
Increase (Decrease) In Common Stock [Roll Forward]                    
Total common stock shares issued beginning balance (in shares) 515,777,584 511,861,000 507,683,000              
Employee benefits and compensation plans (in shares) 4,578,000 3,916,000 4,179,000              
Total common stock shares issued ending balance (in shares) 520,355,804 515,777,584 511,861,000              
Treasury stock beginning balance (in shares) (210,390,034) (209,402,000) (208,358,000)              
Repurchase of common stock (in shares) (1,473,000) (988,000) (1,044,000)              
Treasury stock ending balance (in shares) (211,862,875) (210,390,034) (209,402,000)              
Common stock, shares outstanding (in shares) 308,492,929 305,387,550 302,459,000 307,828,000 307,787,000 307,152,000 304,715,000 304,656,000 303,978,000 484,000,000
v3.25.4
Equity - Narrative (Details) - $ / shares
 1 Months Ended 12 Months Ended
Jun. 30, 2021
Apr. 30, 2021
Dec. 31, 2025
Dec. 31, 2024
Preferred stock dividends — Series B        
Class of Stock [Line Items]        
Number of shares issued (in shares)   1,350,000 1,350,000 1,350,000
Dividend/coupon rate   4.70%    
Par value (in dollars per share)   $ 0.01 $ 0.01 $ 0.01
Liquidation preference (in dollars per share)   $ 1,000 $ 1,000 $ 1,000
Preferred stock, reset period   five-year    
Preferred stock, dividend payment terms   five-year    
Series B Preferred Stock, Prior To May 15, 2026        
Class of Stock [Line Items]        
Dividend/coupon rate   4.70% 4.70% 4.70%
Series B Preferred Stock, On And After May 15, 2026        
Class of Stock [Line Items]        
Dividend/coupon rate     3.868% 3.868%
Preferred stock dividends — Series C        
Class of Stock [Line Items]        
Number of shares issued (in shares) 1,000,000   1,000,000 1,000,000
Dividend/coupon rate 4.70%      
Par value (in dollars per share) $ 0.01   $ 0.01 $ 0.01
Liquidation preference (in dollars per share) $ 1,000   $ 1,000 $ 1,000
Preferred stock, reset period seven-year      
Preferred stock, dividend payment terms seven-year      
Trust Preferred Securities, Series 2        
Class of Stock [Line Items]        
Dividend/coupon rate 8.125% 8.125%    
Series C Preferred Stock, On And After May 15, 2028        
Class of Stock [Line Items]        
Dividend/coupon rate 3.481%   3.481% 3.481%
v3.25.4
Equity - Schedule of Preferred Stock (Details) - USD ($)
$ / shares in Units, $ in Millions
 1 Months Ended 12 Months Ended
Jun. 30, 2021
Apr. 30, 2021
Dec. 31, 2025
Dec. 31, 2024
Class of Stock [Line Items]        
Carrying value     $ 2,324 $ 2,324
Preferred stock dividends — Series B        
Class of Stock [Line Items]        
Carrying value     $ 1,335 $ 1,335
Par value (in dollars per share)   $ 0.01 $ 0.01 $ 0.01
Liquidation preference (in dollars per share)   $ 1,000 $ 1,000 $ 1,000
Number of shares authorized (in shares)     1,350,000 1,350,000
Number of shares issued (in shares)   1,350,000 1,350,000 1,350,000
Number of shares outstanding (in shares)     1,350,000 1,350,000
Dividend/coupon rate   4.70%    
Series B Preferred Stock, Prior To May 15, 2026        
Class of Stock [Line Items]        
Dividend/coupon rate   4.70% 4.70% 4.70%
Series B Preferred Stock, On And After May 15, 2026        
Class of Stock [Line Items]        
Dividend/coupon rate     3.868% 3.868%
Preferred stock dividends — Series C        
Class of Stock [Line Items]        
Carrying value     $ 989 $ 989
Par value (in dollars per share) $ 0.01   $ 0.01 $ 0.01
Liquidation preference (in dollars per share) $ 1,000   $ 1,000 $ 1,000
Number of shares authorized (in shares)     1,000,000 1,000,000
Number of shares issued (in shares) 1,000,000   1,000,000 1,000,000
Number of shares outstanding (in shares)     1,000,000 1,000,000
Dividend/coupon rate 4.70%      
Series C Preferred Stock, Prior To May 15, 2028        
Class of Stock [Line Items]        
Dividend/coupon rate     4.70% 4.70%
Series C Preferred Stock, On And After May 15, 2028        
Class of Stock [Line Items]        
Dividend/coupon rate 3.481%   3.481% 3.481%
v3.25.4
Accumulated Other Comprehensive Loss - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balance $ 13,903 $ 13,703 $ 12,859
Net change 1,138 (108) 243
Ending balance 15,498 13,903 13,703
Accumulated other comprehensive loss      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balance (3,924) (3,816) (4,059)
Net change 1,138 (108) 243
Ending balance (2,786) (3,924) (3,816)
Available-for-sale securities      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balance (3,307) (3,146) (4,095)
Net change 1,047 (161) 949
Ending balance (2,260) (3,307) (3,146)
Held-to-maturity securities      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balance (616) (682) 0
Net change 65 66 (682)
Ending balance (551) (616) (682)
Translation adjustments and net investment hedges      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balance 20 21 18
Net change 3 (1) 3
Ending balance 23 20 21
Cash flow hedges      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balance (21) (9) 18
Net change 23 (12) (27)
Ending balance $ 2 $ (21) $ (9)
v3.25.4
Accumulated Other Comprehensive Loss - Schedule of Reclassification Out of Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Other comprehensive income (loss), before tax $ 1,489 $ (136) $ 314
Other comprehensive income (loss), tax effect (351) 28 (71)
Other comprehensive income (loss), net of tax 1,138 (108) 243
Available-for-sale securities      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Net unrealized gains (losses) arising during the period, before tax 880 (203) 338
Net unrealized gains (losses) arising during the period, tax (207) 45 (78)
Net unrealized gains (losses) arising during the period, net of tax 673 (158) 260
Reclassification from AOCI, before tax (491) 3 5
Reclassification from AOCI, tax 117 0 (1)
Reclassification from AOCI, net of tax (374) 3 4
Other comprehensive income (loss), before tax 1,371 (206) 1,244
Other comprehensive income (loss), tax effect (324) 45 (295)
Other comprehensive income (loss), net of tax 1,047 (161) 949
Available for sale, transferred to held to maturity, parent      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Net unrealized gains (losses) arising during the period, before tax     911
Net unrealized gains (losses) arising during the period, tax     (218)
Net unrealized gains (losses) arising during the period, net of tax     693
Held-to-maturity securities      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Net unrealized gains (losses) arising during the period, before tax     (911)
Net unrealized gains (losses) arising during the period, tax     218
Net unrealized gains (losses) arising during the period, net of tax     (693)
Reclassification from AOCI, before tax (84) (87) (14)
Reclassification from AOCI, tax 19 21 3
Reclassification from AOCI, net of tax (65) (66) (11)
Other comprehensive income (loss), before tax     (897)
Other comprehensive income (loss), tax effect     215
Other comprehensive income (loss), net of tax 65 66 (682)
Translation adjustments      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Other comprehensive income (loss), before tax 10 (17) 6
Other comprehensive income (loss), tax effect (2) 4 (1)
Other comprehensive income (loss), net of tax 8 (13) 5
Net investment hedges      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Other comprehensive income (loss), before tax (6) 16 (3)
Other comprehensive income (loss), tax effect 1 (4) 1
Other comprehensive income (loss), net of tax (5) 12 (2)
Cash flow hedges      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Net unrealized gains (losses) arising during the period, before tax (2) (28) (22)
Net unrealized gains (losses) arising during the period, tax 0 7 6
Net unrealized gains (losses) arising during the period, net of tax (2) (21) (16)
Reclassification from AOCI, before tax (32) (12) 14
Reclassification from AOCI, tax 7 3 (3)
Reclassification from AOCI, net of tax (25) (9) 11
Other comprehensive income (loss), before tax 30 (16) (36)
Other comprehensive income (loss), tax effect (7) 4 9
Other comprehensive income (loss), net of tax $ 23 $ (12) $ (27)
v3.25.4
Earnings per Common Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Class of Stock [Line Items]      
Net income from continuing operations $ 852 $ 669 $ 959
Net income from continuing operations attributable to common shareholders [1] 742 559 849
Loss from discontinued operations, net of tax [1] 0 (1) (2)
Net income attributable to common shareholders [1] $ 742 $ 558 $ 847
Basic weighted-average common shares outstanding (in shares) [1],[2] 310,015 306,913 303,751
Diluted weighted-average common shares outstanding (in shares) [1],[2] 313,043 310,160 305,135
Basic earnings per common share      
Net income from continuing operations (in dollars per share) [1] $ 2.39 $ 1.82 $ 2.79
Loss from discontinued operations, net of tax (in dollars per share) [1] 0 0 (0.01)
Net income (in dollars per share) [1] 2.39 1.82 2.79
Diluted earnings per common share      
Net income from continuing operations (in dollars per share) [1] 2.37 1.80 2.78
Loss from discontinued operations, net of tax (in dollars per share) [1] 0 0 (0.01)
Net income (in dollars per share) [1] $ 2.37 $ 1.80 $ 2.77
Preferred stock dividends — Series B      
Class of Stock [Line Items]      
Preferred stock dividends $ (63) $ (63) $ (63)
Preferred stock dividends — Series C      
Class of Stock [Line Items]      
Preferred stock dividends $ (47) $ (47) $ (47)
[1] Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers.
[2]
(b)Includes shares related to share-based compensation that vested but were not yet issued.
v3.25.4
Regulatory Capital and Other Regulatory Matters - Schedule of Regulatory Capital Amount and Ratios (Details)
$ in Millions
Dec. 31, 2025
USD ($)
Oct. 31, 2025
Dec. 31, 2024
USD ($)
Oct. 31, 2024
Oct. 31, 2023
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]          
Common equity tier one capital ratio, minimum 0.045        
Tier one capital to risk-weighted assets, required minimum 0.06        
Capital to risk-weighted assets, required minimum 0.08        
Tier one leverage ratio, minimum 0.04        
Minimum capital conservation buffer 0.025        
Accumulated other comprehensive losses excluded from Common Equity Tier 1 capital $ 2,800   $ 3,900    
Brokered deposits $ 6,700        
Percentage of interest-bearing domestic deposits to deposits, brokered 4.40%        
Common equity tier one capital $ 15,629   $ 15,058    
Common equity tier one capital ratio 0.1023   0.0982    
Tier one capital to risk-weighted assets, amount $ 17,885   $ 17,324    
Tier one capital to risk-weighted assets, ratio 0.1170   0.1130    
Tier one capital to risk-weighted assets, well-capitalized minimum 0.0600        
Capital to risk-weighted assets, amount $ 20,731   $ 20,182    
Capital to risk-weighted assets, ratio 0.1356   0.1316    
Capital to risk weighted assets, well-capitalized minimum 0.1000        
Tier one leverage to adjusted quarterly average assets, amount $ 17,885   $ 17,324    
Tier one leverage to adjusted quarterly average assets, ratio 0.0925   0.0892    
Ally Financial Inc          
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]          
Minimum capital conservation buffer 0.026 0.026 0.026 0.026 0.025
Ally Bank          
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]          
Common equity tier one capital ratio, minimum 0.0450        
Tier one capital to risk-weighted assets, required minimum 0.0600        
Capital to risk-weighted assets, required minimum 0.0800        
Tier one leverage ratio, minimum 0.0400        
Minimum capital conservation buffer 0.025   0.025    
Common equity tier one capital $ 17,853   $ 17,229    
Common equity tier one capital ratio 0.1250   0.1194    
Common equity tier one capital, well capitalized minimum 0.0650        
Tier one capital to risk-weighted assets, amount $ 17,853   $ 17,229    
Tier one capital to risk-weighted assets, ratio 0.1250   0.1194    
Tier one capital to risk-weighted assets, well-capitalized minimum 0.0800        
Capital to risk-weighted assets, amount $ 19,659   $ 19,052    
Capital to risk-weighted assets, ratio 0.1377   0.1321    
Capital to risk weighted assets, well-capitalized minimum 0.1000        
Tier one leverage to adjusted quarterly average assets, amount $ 17,853   $ 17,229    
Tier one leverage to adjusted quarterly average assets, ratio 0.0982   0.0940    
Tier one leverage to adjusted quarterly average assets, well-capitalized minimum 0.0500        
v3.25.4
Regulatory Capital and Other Regulatory Matters - Schedule of Common Share Repurchases (Details)
 1 Months Ended 3 Months Ended 12 Months Ended 114 Months Ended
Jan. 19, 2026
$ / shares
Dec. 31, 2024
USD ($)
$ / shares
shares
Feb. 28, 2023
USD ($)
Dec. 31, 2025
USD ($)
$ / shares
shares
Sep. 30, 2025
USD ($)
$ / shares
shares
Jun. 30, 2025
USD ($)
$ / shares
shares
Mar. 31, 2025
USD ($)
$ / shares
shares
Dec. 31, 2024
USD ($)
$ / shares
shares
Sep. 30, 2024
USD ($)
$ / shares
shares
Jun. 30, 2024
USD ($)
$ / shares
shares
Mar. 31, 2024
USD ($)
$ / shares
shares
Dec. 31, 2025
USD ($)
$ / shares
shares
Dec. 31, 2024
USD ($)
$ / shares
shares
Dec. 31, 2023
USD ($)
$ / shares
shares
Dec. 31, 2025
USD ($)
$ / shares
shares
Dec. 09, 2025
USD ($)
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Jun. 30, 2016
shares
Accelerated Share Repurchases [Line Items]                                        
Minimum capital conservation buffer       0.025               0.025     0.025          
Proceeds from issuance of long-term debt                       $ 4,673,000,000 $ 4,337,000,000 $ 5,705,000,000            
Stock repurchase program, authorized                               $ 2,000,000,000.0        
Common stock, share reduction                             36.00%          
Stock repurchased during period, value       $ 23,000,000 $ 1,000,000 $ 1,000,000 $ 34,000,000 $ 7,000,000 $ 1,000,000 $ 1,000,000 $ 29,000,000                  
Stock repurchased during period, number of shares (in share) | shares       543,000 25,000 27,000 877,000 167,000 27,000 13,000 781,000                  
Common stock, shares outstanding (in shares) | shares   305,387,550   308,492,929 307,828,000 307,787,000 307,152,000 305,387,550 304,715,000 304,656,000 303,978,000 308,492,929 305,387,550 302,459,000 308,492,929         484,000,000
Dividends declared (in dollars per share) | $ / shares   $ 0.30   $ 0.30 $ 0.30 $ 0.30 $ 0.30 $ 0.30 $ 0.30 $ 0.30 $ 0.30 $ 0.30 $ 0.30   $ 0.30          
Cash dividends declared per common share (in dollars per share) | $ / shares [1]                       $ 1.20 $ 1.20 $ 1.20            
Subsequent event                                        
Accelerated Share Repurchases [Line Items]                                        
Cash dividends declared per common share (in dollars per share) | $ / shares $ 0.30                                      
Credit-Linked Notes                                        
Accelerated Share Repurchases [Line Items]                                        
Proceeds from issuance of long-term debt                       $ 1,100,000,000 $ 770,000,000              
Automotive | Credit-Linked Notes | Consumer                                        
Accelerated Share Repurchases [Line Items]                                        
Debt instrument, reference portfolio amount   $ 7,000,000,000.0   $ 10,000,000,000.0       $ 7,000,000,000.0       10,000,000,000.0 7,000,000,000.0   $ 10,000,000,000.0          
Debt instrument, reference asset amount   $ 5,900,000,000   $ 12,100,000,000       $ 5,900,000,000       $ 12,100,000,000 $ 5,900,000,000   $ 12,100,000,000          
Ally Financial Inc                                        
Accelerated Share Repurchases [Line Items]                                        
Minimum capital conservation buffer   0.026   0.026       0.026       0.026 0.026   0.026   0.026 0.026 0.025  
Unsecured                                        
Accelerated Share Repurchases [Line Items]                                        
Proceeds from issuance of long-term debt   $ 500,000,000 $ 500,000,000                                  
[1] Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers.
v3.25.4
Regulatory Capital and Other Regulatory Matters - Depository Institutions (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]      
Total assets $ 196,002 $ 191,836 $ 196,329
Statutory accounting practices, statutory amount available for dividend payments 112    
Ally Bank      
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]      
Total assets 184,600 181,400  
Payments of dividends $ 1,200 $ 1,200  
v3.25.4
Derivative Instruments and Hedging Activities - Narrative (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]    
Cash collateral placed with counterparties $ 4  
Noncash collateral placed with counterparties $ 328 $ 414
Cash collateral received from counterparties   $ 11
v3.25.4
Derivative Instruments and Hedging Activities - Schedule of Fair Value Amounts of Derivative Instruments Reported on our Condensed Consolidated Balance Sheet (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Derivatives, Fair Value [Line Items]    
receivable position $ 0 $ 12
payable position 4 4
Notional amount 28,358 40,508
Credit derivative, maximum exposure, undiscounted   10
Total derivatives designated as accounting hedges    
Derivatives, Fair Value [Line Items]    
receivable position 0 10
payable position 4 0
Notional amount 26,906 39,620
Total derivatives not designated as accounting hedges    
Derivatives, Fair Value [Line Items]    
receivable position 0 2
payable position 0 4
Notional amount 1,452 888
Interest rate | Total derivatives not designated as accounting hedges    
Derivatives, Fair Value [Line Items]    
receivable position 0 1
payable position 0 0
Notional amount 0 172
Swaps | Total derivatives designated as accounting hedges    
Derivatives, Fair Value [Line Items]    
receivable position 0 0
payable position 0 0
Notional amount 23,257 33,300
Purchased options | Total derivatives designated as accounting hedges    
Derivatives, Fair Value [Line Items]    
receivable position 0 2
payable position 0 0
Notional amount 3,450 6,150
Forwards | Total derivatives not designated as accounting hedges    
Derivatives, Fair Value [Line Items]    
receivable position 0 0
payable position 0 0
Notional amount 0 109
Written options | Total derivatives not designated as accounting hedges    
Derivatives, Fair Value [Line Items]    
receivable position 0 1
payable position 0 0
Notional amount 0 63
Foreign exchange | Total derivatives not designated as accounting hedges    
Derivatives, Fair Value [Line Items]    
receivable position 0 1
payable position 0 0
Notional amount 71 47
Forwards | Total derivatives designated as accounting hedges    
Derivatives, Fair Value [Line Items]    
receivable position 0 8
payable position 4 0
Notional amount 199 170
Forwards | Total derivatives not designated as accounting hedges    
Derivatives, Fair Value [Line Items]    
receivable position 0 1
payable position 0 0
Notional amount 71 47
Total credit risk | Total derivatives not designated as accounting hedges    
Derivatives, Fair Value [Line Items]    
receivable position 0 0
payable position 0 4
Notional amount 1,381 669
Credit-linked note derivatives | Total derivatives not designated as accounting hedges    
Derivatives, Fair Value [Line Items]    
receivable position 0 0
payable position 0 0
Notional amount 1,381 669
Other credit derivatives | Total derivatives not designated as accounting hedges    
Derivatives, Fair Value [Line Items]    
receivable position 0 0
payable position $ 0 $ 4
v3.25.4
Derivative Instruments and Hedging Activities - Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Hedged liability, fair value hedge $ 3,378 $ 5,987
Hedged Liability, Statement of Financial Position [Extensible Enumeration] Long-term debt Long-term debt
Available-for-sale securities    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Hedged asset, fair value hedge $ 15,240 $ 15,194
Hedged asset, fair value hedge, cumulative increase (decrease) $ 7 $ (248)
Hedged Asset, Statement of Financial Position [Extensible Enumeration] Available-for-sale securities (amortized cost basis of $25,825 and $26,810) Available-for-sale securities (amortized cost basis of $25,825 and $26,810)
Closed portfolio and beneficial interest, last-of-layer, amortized cost $ 13,700 $ 13,900
Amortized cost 13,400 13,600
Cumulative basis adjustment for active hedges, asset (liability) (8) (209)
Hedged asset, last-of-layer, amount 11,000 12,000
Available-for-sale securities | Total derivatives designated as accounting hedges    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Cumulative basis adjustment for active hedges, asset (liability) 46 (106)
Finance receivables and loans, net    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Hedged asset, fair value hedge 27,808 34,493
Hedged asset, fair value hedge, cumulative increase (decrease) $ 7 $ (51)
Hedged Asset, Statement of Financial Position [Extensible Enumeration] Finance receivables and loans, net Finance receivables and loans, net
Cumulative basis adjustment for active hedges, asset (liability) $ 7 $ (51)
Hedged asset, last-of-layer, amount 10,800 20,100
Closed portfolio, carrying value 21,800 33,400
Finance receivables and loans, net | Total derivatives designated as accounting hedges    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Cumulative basis adjustment for active hedges, asset (liability) 6 (41)
Long-term debt    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Hedged liability, fair value hedge, cumulative increase (decrease) 79 88
Discontinued hedge | Available-for-sale securities    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Hedged asset, discontinued fair value hedge, cumulative increase (decrease) (54) (132)
Cumulative basis adjustment for active hedges, asset (liability) (54) (103)
Discontinued hedge | Finance receivables and loans, net    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Hedged asset, discontinued fair value hedge, cumulative increase (decrease) 1 (10)
Cumulative basis adjustment for active hedges, asset (liability) 1 (10)
Discontinued hedge | Long-term debt    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Hedged liability, discontinued fair value hedge, cumulative increase (decrease) $ 79 $ 88
v3.25.4
Derivative Instruments and Hedging Activities - Schedule of Statement of Gains and Losses on Derivative Instruments Reported in Statement of Comprehensive Income (Details) - Total derivatives not designated as accounting hedges - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]      
Total (loss) gain recognized in earnings $ (1) $ 27 $ 1
Interest rate      
Derivative Instruments, Gain (Loss) [Line Items]      
Total (loss) gain recognized in earnings 1 20 17
Foreign exchange      
Derivative Instruments, Gain (Loss) [Line Items]      
Total (loss) gain recognized in earnings (1) 3 0
Other credit derivatives      
Derivative Instruments, Gain (Loss) [Line Items]      
Total (loss) gain recognized in earnings 0 1 (5)
Equity      
Derivative Instruments, Gain (Loss) [Line Items]      
Total (loss) gain recognized in earnings (1) 3 (11)
Gain on mortgage and automotive loans, net | Interest rate      
Derivative Instruments, Gain (Loss) [Line Items]      
Total (loss) gain recognized in earnings 1 20 18
Other operating expenses | Foreign exchange      
Derivative Instruments, Gain (Loss) [Line Items]      
Total (loss) gain recognized in earnings (1) 3 0
Other income, net of losses | Interest rate      
Derivative Instruments, Gain (Loss) [Line Items]      
Total (loss) gain recognized in earnings 0 0 (1)
Other income, net of losses | Other credit derivatives      
Derivative Instruments, Gain (Loss) [Line Items]      
Total (loss) gain recognized in earnings 0 1 (5)
Other income, net of losses | Equity      
Derivative Instruments, Gain (Loss) [Line Items]      
Total (loss) gain recognized in earnings $ (1) $ 3 $ (11)
v3.25.4
Derivative Instruments and Hedging Activities - Schedule of Derivative Instruments Designated as Fair Value Hedges, Gain (Loss) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]      
Interest and fees on finance receivables and loans $ 10,697 $ 11,394 $ 11,020
Interest and dividends on investment securities and other earning assets 972 1,037 1,022
Interest on long-term debt 1,068 1,017 1,001
Loss on cash flow hedges to be recognized within twelve months 8    
Total derivatives designated as accounting hedges | Interest and fees on finance receivables and loans      
Derivative Instruments, Gain (Loss) [Line Items]      
Total gain (loss) on fair value hedging relationships 0 0 0
Total (loss) gain on cash flow hedging relationships (32) (12) 14
Total derivatives designated as accounting hedges | Interest and dividends on investment securities and other earning assets      
Derivative Instruments, Gain (Loss) [Line Items]      
Total gain (loss) on fair value hedging relationships 0 0 0
Total (loss) gain on cash flow hedging relationships 0 0 0
Total derivatives designated as accounting hedges | Interest on long-term debt      
Derivative Instruments, Gain (Loss) [Line Items]      
Total gain (loss) on fair value hedging relationships 0 0 0
Total (loss) gain on cash flow hedging relationships 0 0 0
Total derivatives designated as accounting hedges | Unsecured | Interest and fees on finance receivables and loans      
Derivative Instruments, Gain (Loss) [Line Items]      
Change in unrealized gain (loss) on hedged item in fair value hedge 0 0 0
Change in unrealized gain (loss) on fair value hedging instruments 0 0 0
Total derivatives designated as accounting hedges | Unsecured | Interest and dividends on investment securities and other earning assets      
Derivative Instruments, Gain (Loss) [Line Items]      
Change in unrealized gain (loss) on hedged item in fair value hedge 0 0 0
Change in unrealized gain (loss) on fair value hedging instruments 0 0 0
Total derivatives designated as accounting hedges | Unsecured | Interest on long-term debt      
Derivative Instruments, Gain (Loss) [Line Items]      
Change in unrealized gain (loss) on hedged item in fair value hedge 0 0 1
Change in unrealized gain (loss) on fair value hedging instruments 0 0 (1)
Total derivatives designated as accounting hedges | Hedged available-for-sale securities | Interest and fees on finance receivables and loans      
Derivative Instruments, Gain (Loss) [Line Items]      
Change in unrealized gain (loss) on hedged item in fair value hedge 0 0 0
Change in unrealized gain (loss) on fair value hedging instruments 0 0 0
Total derivatives designated as accounting hedges | Hedged available-for-sale securities | Interest and dividends on investment securities and other earning assets      
Derivative Instruments, Gain (Loss) [Line Items]      
Change in unrealized gain (loss) on hedged item in fair value hedge 208 (193) 76
Change in unrealized gain (loss) on fair value hedging instruments (208) 193 (76)
Total derivatives designated as accounting hedges | Hedged available-for-sale securities | Interest on long-term debt      
Derivative Instruments, Gain (Loss) [Line Items]      
Change in unrealized gain (loss) on hedged item in fair value hedge 0 0 0
Change in unrealized gain (loss) on fair value hedging instruments 0 0 0
Total derivatives designated as accounting hedges | Fixed-rate automotive loans | Interest and fees on finance receivables and loans      
Derivative Instruments, Gain (Loss) [Line Items]      
Change in unrealized gain (loss) on hedged item in fair value hedge 55 25 491
Change in unrealized gain (loss) on fair value hedging instruments (55) (25) (491)
Total derivatives designated as accounting hedges | Fixed-rate automotive loans | Interest and dividends on investment securities and other earning assets      
Derivative Instruments, Gain (Loss) [Line Items]      
Change in unrealized gain (loss) on hedged item in fair value hedge 0 0 0
Change in unrealized gain (loss) on fair value hedging instruments 0 0 0
Total derivatives designated as accounting hedges | Fixed-rate automotive loans | Interest on long-term debt      
Derivative Instruments, Gain (Loss) [Line Items]      
Change in unrealized gain (loss) on hedged item in fair value hedge 0 0 0
Change in unrealized gain (loss) on fair value hedging instruments 0 0 0
Total derivatives designated as accounting hedges | Hedged variable-rate commercial loans | Interest and fees on finance receivables and loans      
Derivative Instruments, Gain (Loss) [Line Items]      
Interest rate cash flow hedge loss reclassified to earnings (32) (12) 14
Total derivatives designated as accounting hedges | Hedged variable-rate commercial loans | Interest and dividends on investment securities and other earning assets      
Derivative Instruments, Gain (Loss) [Line Items]      
Interest rate cash flow hedge loss reclassified to earnings 0 0 0
Total derivatives designated as accounting hedges | Hedged variable-rate commercial loans | Interest on long-term debt      
Derivative Instruments, Gain (Loss) [Line Items]      
Interest rate cash flow hedge loss reclassified to earnings $ 0 $ 0 $ 0
v3.25.4
Derivative Instruments and Hedging Activities - Schedule of Interest and Amortization on Derivative Instruments (Details) - Total derivatives designated as accounting hedges - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Interest and fees on finance receivables and loans      
Derivative Instruments, Gain (Loss) [Line Items]      
Total gain on fair value hedging relationships $ 65 $ 256 $ 648
Interest and dividends on investment securities and other earning assets      
Derivative Instruments, Gain (Loss) [Line Items]      
Total gain on fair value hedging relationships 76 200 157
Interest on long-term debt      
Derivative Instruments, Gain (Loss) [Line Items]      
Total gain on fair value hedging relationships 9 11 11
Unsecured | Interest and fees on finance receivables and loans      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain on amortization of deferred basis adjustments 0 0 0
Unsecured | Interest and dividends on investment securities and other earning assets      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain on amortization of deferred basis adjustments 0 0 0
Unsecured | Interest on long-term debt      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain on amortization of deferred basis adjustments 9 9 9
Federal Home Loan Bank certificates and obligations | Interest and fees on finance receivables and loans      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain on amortization of deferred basis adjustments 0 0 0
Federal Home Loan Bank certificates and obligations | Interest and dividends on investment securities and other earning assets      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain on amortization of deferred basis adjustments 0 0 0
Federal Home Loan Bank certificates and obligations | Interest on long-term debt      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain on amortization of deferred basis adjustments 0 2 2
Hedged available-for-sale securities | Interest and fees on finance receivables and loans      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain on amortization of deferred basis adjustments 0 0 0
Gain on interest for qualifying hedge 0 0 0
Hedged available-for-sale securities | Interest and dividends on investment securities and other earning assets      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain on amortization of deferred basis adjustments 17 23 23
Gain on interest for qualifying hedge 59 177 134
Hedged available-for-sale securities | Interest on long-term debt      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain on amortization of deferred basis adjustments 0 0 0
Gain on interest for qualifying hedge 0 0 0
Fixed-rate automotive loans | Interest and fees on finance receivables and loans      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain on amortization of deferred basis adjustments 3 15 32
Gain on interest for qualifying hedge 62 241 616
Fixed-rate automotive loans | Interest and dividends on investment securities and other earning assets      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain on amortization of deferred basis adjustments 0 0 0
Gain on interest for qualifying hedge 0 0 0
Fixed-rate automotive loans | Interest on long-term debt      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain on amortization of deferred basis adjustments 0 0 0
Gain on interest for qualifying hedge $ 0 $ 0 $ 0
v3.25.4
Derivative Instruments and Hedging Activities - Schedule of Derivative Instruments Used in Net Investment Hedge Accounting Relationships (Details) - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Interest rate | Cash flow hedging      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain (loss) recognized in other comprehensive income $ 30,000,000 $ (16,000,000) $ (36,000,000)
Foreign exchange | Net investment hedging      
Derivative Instruments, Gain (Loss) [Line Items]      
(Loss) gain recognized in other comprehensive income (6,000,000) 16,000,000 (3,000,000)
Amounts excluded from effectiveness testing 0 0 0
Amounts reclassified from accumulated other comprehensive income $ 0 $ 0 $ 0
v3.25.4
Income Taxes - Schedule of Components of Income Tax Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income from continuing operations before income tax expense      
Domestic $ 1,031 $ 817 $ 1,086
Foreign 20 19 17
Income from continuing operations before income tax expense 1,051 836 1,103
Current income tax expense      
U.S. federal 226 107 85
Foreign 6 6 5
State and local 135 26 36
Total current expense 367 139 126
Deferred income tax expense (benefit)      
U.S. federal (47) 53 26
Foreign 0 1 (1)
State and local (121) (26) (7)
Total deferred expense (benefit) (168) 28 18
Total income tax expense from continuing operations $ 199 $ 167 $ 144
v3.25.4
Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Amount      
Statutory U.S. federal tax expense $ 221 $ 175 $ 232
Nondeductible FDIC premium expenses 32 34 33
Goodwill impairment 15 5 0
Other nontaxable or nondeductible items 6 4 3
Low income housing tax credits (55) (40) (37)
Research and development credits (36) (3) (5)
Foreign tax credits 11 (1) 367
Other tax credits (1) 0 (7)
Change in valuation allowances (13) (14) (476)
Effects of cross-border tax laws 3 4 4
State & local income taxes, net of federal income tax benefit 14 16 31
Changes in unrecognized tax benefits 0 (16) (2)
Total income tax expense from continuing operations $ 199 $ 167 $ 144
Percent      
Statutory U.S. federal tax expense 21.00% 21.00% 21.00%
Nondeductible FDIC premium expenses 0.03 0.04 0.03
Goodwill impairment 1.00% 1.00% 0.00%
Other nontaxable or nondeductible items 1.00% 1.00% 0.00%
Low income housing tax credits (0.05) (0.05) (0.03)
Research and development credits (3.00%) 0.00% 0.00%
Foreign tax credits 1.00% 0.00% 33.00%
Other tax credits 0.00% 0.00% (1.00%)
Change in valuation allowances (1.00%) (2.00%) (43.00%)
Effects of cross-border tax laws 0.00% 0.00% 0.00%
State & local income taxes, net of federal income tax benefit 1.00% 2.00% 3.00%
Changes in unrecognized tax benefits 0.00% (2.00%) 0.00%
Total income tax expense from continuing operations 19.00% 20.00% 13.00%
Canada      
Amount      
Foreign tax effects $ 2 $ 3 $ 1
Percent      
Foreign tax effects 0.00% 0.00% 0.00%
v3.25.4
Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Deferred Tax Assets, Gross [Abstract]    
Adjustments to securities and hedging transactions $ 820 $ 1,080
Tax credit carryforwards 690 679
Adjustments to loan value 751 420
State and local taxes 352 301
Fixed assets 272 257
Internally generated intangible assets 168 107
Other 332 347
Gross deferred tax assets 3,385 3,191
Valuation allowance (122) (138)
Deferred tax assets, net of valuation allowance 3,263 3,053
Deferred tax liabilities    
Lease transactions 434 653
Deferred acquisition costs 374 380
Long-term debt 58 62
Other 71 52
Gross deferred tax liabilities 937 1,147
Net deferred tax assets 2,326 1,906
Deferred tax asset 613 882
Net deferred tax assets 2,334 1,916
Net deferred tax liabilities $ 8 $ 10
v3.25.4
Income Taxes - Schedule of Valuation Allowance (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Valuation Allowance [Line Items]    
Tax credit carryforwards, Deferred tax asset (liability) $ 690 $ 679
Tax credit carryforwards, valuation allowance (13)  
Tax credit carryforwards, net deferred tax asset (liability) 677  
Total U.S. federal and state tax loss carryforwards, deferred tax asset (liability) 116  
Total U.S. federal and state tax loss carryforwards, Valuation allowance (109)  
Total U.S. federal and state tax loss carryforwards, net deferred tax asset (liability) 7  
Other net deferred tax assets 1,642  
Other net deferred tax assets, valuation allowance 0  
Net deferred tax assets, Deferred tax asset 2,448  
Net deferred tax assets, valuation allowance (122) (138)
Net deferred tax assets, net of deferred tax asset 2,326 $ 1,906
General business credits    
Valuation Allowance [Line Items]    
Tax credit carryforwards, Deferred tax asset (liability) 664  
Tax credit carryforwards, valuation allowance 0  
Tax credit carryforwards, net deferred tax asset (liability) 664  
Foreign tax credits    
Valuation Allowance [Line Items]    
Tax credit carryforwards, Deferred tax asset (liability) 26  
Tax credit carryforwards, valuation allowance (13)  
Tax credit carryforwards, net deferred tax asset (liability) 13  
State    
Valuation Allowance [Line Items]    
Tax loss carryforwards, deferred tax asset (liability) 110  
Tax loss carryforwards, valuation allowance (109)  
Tax loss carryforwards, net deferred tax asset (liability) 1  
Federal    
Valuation Allowance [Line Items]    
Tax loss carryforwards, deferred tax asset (liability) 6  
Tax loss carryforwards, valuation allowance 0  
Tax loss carryforwards, net deferred tax asset (liability) $ 6  
v3.25.4
Income Taxes - Schedule of Unrecognized Tax Benefits (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]      
Balance at January 1 $ 77 $ 91 $ 46
Additions based on tax positions related to the current year 91 0 0
Additions for tax positions of prior years 1 6 48
Reductions for tax positions of prior years 0 (20) (2)
Settlements (1) 0 (1)
Expiration of statute of limitations 0 0 0
Balance at December 31 $ 168 $ 77 $ 91
v3.25.4
Income Taxes - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Disclosure [Abstract]      
Unrecognized tax benefits that would impact effective tax rate $ 152 $ 64 $ 75
Unrecognized tax benefits, income tax penalties and interest accrued 11 7 6
Unrecognized tax benefits, income tax penalties and interest expense $ 4   $ 3
Unrecognized tax benefits, income tax penalties expense   $ 1  
v3.25.4
Income Taxes - Schedule of Cash Paid for Taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Effective Income Tax Rate Reconciliation [Line Items]      
U.S. federal $ 220 $ 107 $ (65)
Income taxes 359 135 (27)
Florida      
Effective Income Tax Rate Reconciliation [Line Items]      
U.S. state and local 22   8
California      
Effective Income Tax Rate Reconciliation [Line Items]      
U.S. state and local 18    
Other      
Effective Income Tax Rate Reconciliation [Line Items]      
U.S. state and local 92 16 32
Canada      
Effective Income Tax Rate Reconciliation [Line Items]      
Foreign   12  
Other      
Effective Income Tax Rate Reconciliation [Line Items]      
Foreign $ 7 $ 0 $ (2)
v3.25.4
Share-based Compensation Plans - Narrative (Details) - USD ($)
shares in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Number of shares available for grant (in shares) 27,100    
Restricted Stock Units (RSUs) And Performance Share Units (PSUs)      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based payment arrangement, expense $ 130 $ 136 $ 127
Share-Settled Awards      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Nonvested shares outstanding (in shares) 5,566 6,619  
Share-Settled RSUs | Tranche One      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Award vesting percentage 33.33%    
Share-Settled RSUs | Tranche Two      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Award vesting percentage 33.33%    
Share-Settled RSUs | Tranche Three      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Award vesting percentage 33.33%    
Cash-Settled Awards      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Shares outstanding (in shares) 900    
v3.25.4
Share-based Compensation Plans - Schedule of Non-Vested PSUs and RSUs Activity (Details) - Share-Settled Awards
shares in Thousands
 12 Months Ended
Dec. 31, 2025
$ / shares
shares
Number of units  
Outstanding non-vested at January 1 (in shares) | shares 6,619
Modified awards to settle in cash (in shares) | shares (58)
Granted (in shares) | shares 3,070
Vested (in shares) | shares (3,513)
Forfeited (in shares) | shares (552)
Outstanding non-vested at December 31 (in shares) | shares 5,566
Weighted-average grant date fair value per share  
Outstanding non-vested at January 1 (in dollars per share) | $ / shares $ 35.55
Modified awards to settle in cash (in dollars per share) | $ / shares 38.94
Granted (in dollars per share) | $ / shares 39.70
Vested (in dollars per share) | $ / shares 38.50
Forfeited (in dollars per share) | $ / shares 38.24
Outstanding non-vested at December 31 (in dollars per share) | $ / shares $ 35.66
v3.25.4
Fair Value - Schedule of Fair Value Measurements - Recurring Basis (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Assets    
Equity securities $ 876 $ 871
Total available-for-sale securities $ 22,973 $ 22,410
Derivative Asset, Statement of Financial Position [Extensible Enumeration]   Finance receivables and loans, net
Liabilities    
Investment in any one industry did not exceed percentage 11.00% 14.00%
Carrying amount, equity investments without a readily determinable fair value $ 111 $ 91
Fair value, measurements, recurring    
Assets    
Total available-for-sale securities 22,973 22,410
Loans held-for-sale   16
Total assets, net amount   12
Total assets 23,792 23,258
Liabilities    
Total derivative contracts in a payable position 4 4
Total liabilities 4 4
Fair value, measurements, recurring | Foreign exchange    
Liabilities    
Total derivative contracts in a payable position 4  
Fair value, measurements, recurring | Credit    
Liabilities    
Total derivative contracts in a payable position   4
Fair value, measurements, recurring | Equity securities    
Assets    
Equity securities 819 820
Liabilities    
Carrying amount, equity investments without a readily determinable fair value 57 51
Fair value, measurements, recurring | U.S. Treasury and federal agencies    
Assets    
Total available-for-sale securities 2,279 1,873
Fair value, measurements, recurring | U.S. States and political subdivisions    
Assets    
Total available-for-sale securities 551 617
Fair value, measurements, recurring | Foreign government    
Assets    
Total available-for-sale securities 188 194
Fair value, measurements, recurring | Agency mortgage-backed residential    
Assets    
Total available-for-sale securities 12,901 13,653
Fair value, measurements, recurring | Mortgage-backed residential    
Assets    
Total available-for-sale securities 198 206
Fair value, measurements, recurring | Agency mortgage-backed commercial    
Assets    
Total available-for-sale securities 4,932 3,984
Fair value, measurements, recurring | Asset-backed    
Assets    
Total available-for-sale securities 12 129
Fair value, measurements, recurring | Corporate debt    
Assets    
Total available-for-sale securities 1,912 1,754
Fair value, measurements, recurring | Interest rate    
Assets    
Total assets, net amount   3
Fair value, measurements, recurring | Foreign exchange    
Assets    
Total assets, net amount   9
Fair value, measurements, recurring | Level 1    
Assets    
Total available-for-sale securities 2,310 1,909
Loans held-for-sale   0
Total assets, net amount   0
Total assets 3,129 2,729
Liabilities    
Total derivative contracts in a payable position 0 0
Total liabilities 0 0
Fair value, measurements, recurring | Level 1 | Foreign exchange    
Liabilities    
Total derivative contracts in a payable position 0  
Fair value, measurements, recurring | Level 1 | Credit    
Liabilities    
Total derivative contracts in a payable position   0
Fair value, measurements, recurring | Level 1 | Equity securities    
Assets    
Equity securities 819 820
Fair value, measurements, recurring | Level 1 | U.S. Treasury and federal agencies    
Assets    
Total available-for-sale securities 2,279 1,873
Fair value, measurements, recurring | Level 1 | U.S. States and political subdivisions    
Assets    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 1 | Foreign government    
Assets    
Total available-for-sale securities 31 36
Fair value, measurements, recurring | Level 1 | Agency mortgage-backed residential    
Assets    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 1 | Mortgage-backed residential    
Assets    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 1 | Agency mortgage-backed commercial    
Assets    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 1 | Asset-backed    
Assets    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 1 | Corporate debt    
Assets    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 1 | Interest rate    
Assets    
Total assets, net amount   0
Fair value, measurements, recurring | Level 1 | Foreign exchange    
Assets    
Total assets, net amount   0
Fair value, measurements, recurring | Level 2    
Assets    
Total available-for-sale securities 20,629 20,466
Loans held-for-sale   11
Total assets, net amount   11
Total assets 20,629 20,488
Liabilities    
Total derivative contracts in a payable position 4 0
Total liabilities 4 0
Fair value, measurements, recurring | Level 2 | Foreign exchange    
Liabilities    
Total derivative contracts in a payable position 4  
Fair value, measurements, recurring | Level 2 | Credit    
Liabilities    
Total derivative contracts in a payable position   0
Fair value, measurements, recurring | Level 2 | Equity securities    
Assets    
Equity securities 0 0
Fair value, measurements, recurring | Level 2 | U.S. Treasury and federal agencies    
Assets    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 2 | U.S. States and political subdivisions    
Assets    
Total available-for-sale securities 517 582
Fair value, measurements, recurring | Level 2 | Foreign government    
Assets    
Total available-for-sale securities 157 158
Fair value, measurements, recurring | Level 2 | Agency mortgage-backed residential    
Assets    
Total available-for-sale securities 12,901 13,653
Fair value, measurements, recurring | Level 2 | Mortgage-backed residential    
Assets    
Total available-for-sale securities 198 206
Fair value, measurements, recurring | Level 2 | Agency mortgage-backed commercial    
Assets    
Total available-for-sale securities 4,932 3,984
Fair value, measurements, recurring | Level 2 | Asset-backed    
Assets    
Total available-for-sale securities 12 129
Fair value, measurements, recurring | Level 2 | Corporate debt    
Assets    
Total available-for-sale securities 1,912 1,754
Fair value, measurements, recurring | Level 2 | Interest rate    
Assets    
Total assets, net amount   2
Fair value, measurements, recurring | Level 2 | Foreign exchange    
Assets    
Total assets, net amount   9
Fair value, measurements, recurring | Level 3    
Assets    
Total available-for-sale securities 34 35
Loans held-for-sale   5
Total assets, net amount   1
Total assets 34 41
Liabilities    
Total derivative contracts in a payable position 0 4
Total liabilities 0 4
Fair value, measurements, recurring | Level 3 | Foreign exchange    
Liabilities    
Total derivative contracts in a payable position 0  
Fair value, measurements, recurring | Level 3 | Credit    
Liabilities    
Total derivative contracts in a payable position   4
Fair value, measurements, recurring | Level 3 | Equity securities    
Assets    
Equity securities 0 0
Fair value, measurements, recurring | Level 3 | U.S. Treasury and federal agencies    
Assets    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 3 | U.S. States and political subdivisions    
Assets    
Total available-for-sale securities 34 35
Fair value, measurements, recurring | Level 3 | Foreign government    
Assets    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 3 | Agency mortgage-backed residential    
Assets    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 3 | Mortgage-backed residential    
Assets    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 3 | Agency mortgage-backed commercial    
Assets    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 3 | Asset-backed    
Assets    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 3 | Corporate debt    
Assets    
Total available-for-sale securities $ 0 0
Fair value, measurements, recurring | Level 3 | Interest rate    
Assets    
Total assets, net amount   1
Fair value, measurements, recurring | Level 3 | Foreign exchange    
Assets    
Total assets, net amount   $ 0
v3.25.4
Fair Value - Schedule of Fair Value Measurements - Reconciliation of Level 3 Assets And Liabilities (Details) - Fair value, measurements, recurring - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Derivative liabilities, net of derivative assets    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value at beginning of the period $ 3 $ 8
Net realized/unrealized gains    
Included in earnings (1) (18)
Included in OCI 0 0
Purchases and originations 0 0
Sales 0 0
Issuances 0 0
Settlements (4) (4)
Transfers into Level 3 0 0
Transfers out of Level 3 2 17
Fair value at ending of the period 0 3
Fair Value, Liability, Recurring Basis, Still Held [Abstract]    
Included in earnings 0 (7)
Included in OCI 0 0
Equity securities    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value at beginning of the period 0 1
Net realized/unrealized gains    
Included in earnings 0 0
Included in OCI 0 0
Purchases and originations 0 0
Sales 0 0
Issuances 0 0
Settlements 0 0
Transfers into Level 3 0 0
Transfers out of Level 3 0 (1)
Fair value at ending of the period 0 0
Fair Value, Asset, Recurring Basis, Still Held [Abstract]    
Included in earnings 0 0
Included in OCI 0 0
Hedged available-for-sale securities    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value at beginning of the period 35 9
Net realized/unrealized gains    
Included in earnings 0 0
Included in OCI 0 0
Purchases and originations 0 29
Sales 0 0
Issuances 0 0
Settlements (1) (3)
Transfers into Level 3 0 0
Transfers out of Level 3 0 0
Fair value at ending of the period 34 35
Fair Value, Asset, Recurring Basis, Still Held [Abstract]    
Included in earnings 0 0
Included in OCI 0 0
Available-for-sale debt security   27
Loans held-for-sale    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value at beginning of the period 5 0
Net realized/unrealized gains    
Included in earnings 0 0
Included in OCI 0 0
Purchases and originations 9 31
Sales (14) (26)
Issuances 0 0
Settlements 0 0
Transfers into Level 3 0 0
Transfers out of Level 3 0 0
Fair value at ending of the period 0 5
Fair Value, Asset, Recurring Basis, Still Held [Abstract]    
Included in earnings 0 0
Included in OCI $ 0 $ 0
v3.25.4
Fair Value - Schedule of Fair Value Measurements - Nonrecurring Basis (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Loans held-for-sale, net $ 160 $ 549 $ 160  
Finance receivables and loans, net 132,316 133,964 132,316  
Goodwill impairment   305 118 $ 149
Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Loans held-for-sale, net 143 545 143  
Lower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustments 0 (32) 0  
Goodwill impairment 118      
Assets | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Total assets 552 589 552  
Lower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustments (184) (126) (184)  
Goodwill | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Goodwill 362   362  
Lower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustments (118)   (118)  
Nonmarketable equity investments | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Other assets   10    
Lower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustments   4    
Repossessed and foreclosed assets | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Other assets 8 7 8  
Lower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustments (1) (1) (1)  
Level 1 | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Loans held-for-sale, net 0 0 0  
Level 1 | Assets | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Total assets 0 0 0  
Level 1 | Goodwill | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Goodwill 0   0  
Level 1 | Nonmarketable equity investments | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Other assets   0    
Level 1 | Repossessed and foreclosed assets | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Other assets 0 0 0  
Level 2 | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Loans held-for-sale, net 0 0 0  
Level 2 | Assets | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Total assets 0 9 0  
Level 2 | Goodwill | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Goodwill 0   0  
Level 2 | Nonmarketable equity investments | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Other assets   9    
Level 2 | Repossessed and foreclosed assets | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Other assets 0 0 0  
Level 3 | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Loans held-for-sale, net 143 545 143  
Level 3 | Assets | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Total assets 552 580 552  
Level 3 | Goodwill | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Goodwill 362   362  
Level 3 | Nonmarketable equity investments | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Other assets   1    
Level 3 | Repossessed and foreclosed assets | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Other assets 8 7 8  
Commercial | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Finance receivables and loans, net 39 27 39  
Lower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustments (65) (97) (65)  
Commercial | Level 1 | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Finance receivables and loans, net 0 0 0  
Commercial | Level 2 | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Finance receivables and loans, net 0 0 0  
Commercial | Level 3 | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Finance receivables and loans, net 39 27 39  
Automotive | Commercial | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Finance receivables and loans, net 13   13  
Lower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustments (2)   (2)  
Automotive | Commercial | Level 1 | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Finance receivables and loans, net 0   0  
Automotive | Commercial | Level 2 | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Finance receivables and loans, net 0   0  
Automotive | Commercial | Level 3 | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Finance receivables and loans, net 13   13  
Other | Commercial | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Finance receivables and loans, net 26 27 26  
Lower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustments (63) (97) (63)  
Other | Commercial | Level 1 | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Finance receivables and loans, net 0 0 0  
Other | Commercial | Level 2 | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Finance receivables and loans, net 0 0 0  
Other | Commercial | Level 3 | Fair Value, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Finance receivables and loans, net $ 26 $ 27 $ 26  
v3.25.4
Fair Value - Schedule of Fair Value, by Balance Sheet Grouping (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Held-to-maturity securities $ 4,371 $ 4,346
Loans held-for-sale, net 549 160
Finance receivables and loans, net 133,964 132,316
Deposit liabilities 151,649 151,574
Short-term borrowings 4,695 1,625
Long-term debt 17,070 17,495
Carrying value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Held-to-maturity securities 4,371 4,346
Loans held-for-sale, net 549 144
Finance receivables and loans, net 133,964 132,316
FHLB/FRB stock 811 698
Deposit liabilities 42,310 47,242
Short-term borrowings 4,695 1,625
Long-term debt 17,070 17,495
Estimated fair value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Held-to-maturity securities 4,451 4,293
Loans held-for-sale, net 560 144
Finance receivables and loans, net 137,579 134,603
FHLB/FRB stock 811 698
Deposit liabilities 42,523 47,403
Short-term borrowings 4,706 1,625
Long-term debt 18,349 18,517
Estimated fair value | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Held-to-maturity securities 0 0
Loans held-for-sale, net 0 0
Finance receivables and loans, net 0 0
FHLB/FRB stock 0 0
Deposit liabilities 0 0
Short-term borrowings 0 0
Long-term debt 0 0
Estimated fair value | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Held-to-maturity securities 4,451 4,293
Loans held-for-sale, net 0 0
Finance receivables and loans, net 0 0
FHLB/FRB stock 811 698
Deposit liabilities 0 0
Short-term borrowings 0 0
Long-term debt 12,642 13,535
Estimated fair value | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Held-to-maturity securities 0 0
Loans held-for-sale, net 560 144
Finance receivables and loans, net 137,579 134,603
FHLB/FRB stock 0 0
Deposit liabilities 42,523 47,403
Short-term borrowings 4,706 1,625
Long-term debt $ 5,707 $ 4,982
v3.25.4
Offsetting Assets and Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Offsetting [Abstract]    
Derivative assets, gross amounts of recognized assets/liabilities $ 0 $ 12
Derivative assets, gross amounts offset on the Condensed Consolidated Balance Sheet 0 0
Derivative assets, net amounts of assets/liabilities presented on the Condensed Consolidated Balance Sheet 0 12
Derivative assets, gross amounts not offset on the Condensed Consolidated Balance Sheet, financial instruments 0 0
Derivative assets, gross amounts not offset on the Condensed Consolidated Balance Sheet, collateral 0 (10)
Derivative assets, net amount 0 2
Total assets, gross amounts of recognized assets/liabilities 0 12
Total assets, gross amounts offset on the Condensed Consolidated Balance Sheet 0 0
Total assets, net amounts of assets/liabilities presented on the Condensed Consolidated Balance Sheet 0 12
Total assets, gross amounts not offset on the Condensed Consolidated Balance Sheet, financial instruments 0 0
Total assets, gross amounts not offset on the Condensed Consolidated Balance Sheet, collateral 0 (10)
Total assets, net amount 0 2
Securities sold under agreement to repurchase, gross amounts of recognized assets/liabilities 545  
Securities sold under agreements to repurchase, gross amounts offset on the Condensed Consolidated Balance Sheet - gross amounts offset on the consolidated balance sheet 0  
Securities sold under agreements to repurchase, net amounts of assets/liabilities presented on the Condensed Consolidated Balance Sheet 545  
Securities sold under agreement to repurchase, gross amounts not offset on the Condensed Consolidated Balance Sheet, financial instruments 0  
Securities sold under agreement to repurchase, gross amounts not offset on the Condensed Consolidated Balance Sheet, collateral (545)  
Securities sold under agreements to repurchase, net amount 0  
Derivative liabilities, gross amounts of recognized assets/liabilities 4 4
Derivative liabilities, gross amounts offset on the Condensed Consolidated Balance Sheet 0 0
Derivative liabilities, net amounts of assets/liabilities presented on the Condensed Consolidated Balance Sheet 4 4
Derivative liabilities, gross amounts not offset on the Condensed Consolidated Balance Sheet, financial instruments 0 0
Derivative liabilities, gross amounts not offset on the Condensed Consolidated Balance Sheet, collateral (4) 0
Derivative liabilities, net amount 0 4
Total liabilities, gross amounts of recognized assets/liabilities 549 4
Total liabilities, gross amounts offset on the Condensed Consolidated Balance Sheet 0 0
Total liabilities, net amounts of assets/liabilities presented on the Condensed Consolidated Balance Sheet 549 4
Total liabilities, gross amounts not offset on the Condensed Consolidated Balance Sheet, financial instruments 0 0
Total liabilities, gross amounts not offset on the Condensed Consolidated Balance Sheet, collateral (549) 0
Total liabilities, net amount $ 0 4
Derivative assets with no offsetting arrangements   1
Derivative liabilities with no offsetting arrangements   $ 4
v3.25.4
Segment Information (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
segment
subsegment
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Segment Reporting [Abstract]      
Number of operating segments | segment 3    
Number of reportable segments | segment 3    
Number of operating subsegments | subsegment 2    
Segment Reporting Information [Line Items]      
Total financing revenue and other interest income $ 13,521 $ 14,222 $ 13,958
Total interest expense 6,408 7,472 6,897
Net depreciation expense on operating lease assets 937 736 840
Net financing revenue and other interest income 6,176 6,014 6,221
Other revenue 1,738 2,167 2,013
Total net revenue 7,914 8,181 8,234
Provision for credit losses 1,477 2,166 1,968
Compensation and benefits expense 1,857 1,842 1,901
Insurance losses and loss adjustment expenses 616 544 422
Goodwill impairment 305 118 149
Other operating expenses      
Technology and communications 429 438 436
Other 2,179 2,237 2,255
Total other operating expenses 2,608 2,675 2,691
Total noninterest expense 5,386 5,179 5,163
Income from continuing operations before income tax expense 1,051 836 1,103
Total assets 196,002 191,836 196,329
Net financing revenue and other interest income after the provision for credit losses 4,700 3,800 4,300
Operating Segments | Automotive Finance operations      
Segment Reporting Information [Line Items]      
Total financing revenue and other interest income 10,551 10,473 9,721
Total interest expense 4,431 4,266 3,364
Net depreciation expense on operating lease assets 937 736 840
Net financing revenue and other interest income 5,183 5,471 5,517
Other revenue 389 363 321
Total net revenue 5,572 5,834 5,838
Provision for credit losses 1,709 1,905 1,618
Compensation and benefits expense 693 668 668
Insurance losses and loss adjustment expenses 0 0 0
Goodwill impairment 0 0 0
Other operating expenses      
Technology and communications 119 129 126
Other 1,411 1,316 1,212
Total other operating expenses 1,530 1,445 1,338
Total noninterest expense 2,223 2,113 2,006
Income from continuing operations before income tax expense 1,640 1,816 2,214
Total assets 115,753 113,057 115,301
Operating Segments | Insurance operations      
Segment Reporting Information [Line Items]      
Total financing revenue and other interest income 188 168 149
Total interest expense 59 54 45
Net depreciation expense on operating lease assets 0 0 0
Net financing revenue and other interest income 129 114 104
Other revenue 1,596 1,507 1,428
Total net revenue 1,725 1,621 1,532
Provision for credit losses 0 0 0
Compensation and benefits expense 113 108 108
Insurance losses and loss adjustment expenses 616 544 422
Goodwill impairment 0 0 0
Other operating expenses      
Technology and communications 19 19 18
Other 777 782 768
Total other operating expenses 796 801 786
Total noninterest expense 1,525 1,453 1,316
Income from continuing operations before income tax expense 200 168 216
Total assets 9,931 9,325 9,081
Operating Segments | Corporate Finance operations      
Segment Reporting Information [Line Items]      
Total financing revenue and other interest income 932 1,006 980
Total interest expense 498 550 550
Net depreciation expense on operating lease assets 0 0 0
Net financing revenue and other interest income 434 456 430
Other revenue 104 123 104
Total net revenue 538 579 534
Provision for credit losses 31 8 52
Compensation and benefits expense 82 80 78
Insurance losses and loss adjustment expenses 0 0 0
Goodwill impairment 0 0 0
Other operating expenses      
Technology and communications 5 5 5
Other 55 52 45
Total other operating expenses 60 57 50
Total noninterest expense 142 137 128
Income from continuing operations before income tax expense 365 434 354
Total assets 12,989 9,704 11,212
Corporate and Other      
Segment Reporting Information [Line Items]      
Total financing revenue and other interest income 1,850 2,575 3,108
Total interest expense 1,420 2,602 2,938
Net depreciation expense on operating lease assets 0 0 0
Net financing revenue and other interest income 430 (27) 170
Other revenue (351) 174 160
Total net revenue 79 147 330
Provision for credit losses (263) 253 298
Compensation and benefits expense 969 986 1,047
Insurance losses and loss adjustment expenses 0 0 0
Goodwill impairment 305 118 149
Other operating expenses      
Technology and communications 286 285 287
Other (64) 87 230
Total other operating expenses 222 372 517
Total noninterest expense 1,496 1,476 1,713
Income from continuing operations before income tax expense (1,154) (1,582) (1,681)
Total assets $ 57,329 $ 59,750 $ 60,735
v3.25.4
Parent Company Condensed Financial Information - Narrative (Details)
Dec. 31, 2025
Parent company  
Entity Listings [Line Items]  
Threshold for parent company financial information disclosure 25.00%
v3.25.4
Parent Company Condensed Financial Information - Schedule of Condensed Statement of Comprehensive Income (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Net financing revenue and other interest income $ 6,176 $ 6,014 $ 6,221
Total other revenue 1,738 2,167 2,013
Total net revenue 7,914 8,181 8,234
Provision for credit losses 1,477 2,166 1,968
Total noninterest expense 5,386 5,179 5,163
Income from continuing operations before income tax expense 1,051 836 1,103
Income tax benefit from continuing operations 199 167 144
Net income from continuing operations 852 669 959
Loss from discontinued operations, net of tax 0 (1) (2)
Net income 852 668 957
Other comprehensive income (loss) 1,138 (108) 243
Comprehensive income 1,990 560 1,200
Parent company      
Net financing revenue and other interest income (961) (884) (945)
Dividends from bank subsidiaries 1,150 1,200 1,350
Dividends from nonbank subsidiaries 0 0 250
Total other revenue 175 134 169
Total net revenue 364 450 824
Provision for credit losses 5 8 (14)
Total noninterest expense 435 473 466
Income from continuing operations before income tax expense (76) (31) 372
Income tax benefit from continuing operations (273) (327) (408)
Net income from continuing operations 197 296 780
Loss from discontinued operations, net of tax 0 (1) (2)
Equity in undistributed earnings of subsidiaries 655 373 179
Net income 852 668 957
Other comprehensive income (loss) 1,138 (108) 243
Comprehensive income $ 1,990 $ 560 $ 1,200
v3.25.4
Parent Company Condensed Financial Information - Schedule of Condensed Balance Sheet (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash and cash equivalents $ 10,030 $ 10,292    
Equity securities 876 871    
Finance receivables and loans, net of unearned income 137,454 136,030    
Allowance for loan losses (3,490) (3,714) $ (3,587)  
Finance receivables and loans, net 133,964 132,316    
Other assets 11,623 10,660    
Total assets 196,002 191,836 196,329  
Long-term debt 17,070 17,495    
Interest payable 729 890    
Accounts payable 420 505    
Accrued expenses and other liabilities 2,705 2,814    
Total liabilities 180,504 177,933    
Total equity 15,498 13,903 $ 13,703 $ 12,859
Total liabilities and equity 196,002 191,836    
Parent company        
Cash and cash equivalents 2,955 4,579    
Equity securities 0 1    
Finance receivables and loans, net of unearned income 864 810    
Allowance for loan losses 3 10    
Finance receivables and loans, net 867 820    
Bank subsidiaries 15,277 13,777    
Nonbank subsidiaries 5,634 5,335    
Investment in operating leases, net 12 10    
Other assets 2,057 1,774    
Total assets 27,195 26,547    
Long-term debt 10,020 11,068    
Interest payable 156 134    
Accrued expenses and other liabilities 450 357    
Total liabilities 11,697 12,644    
Total equity 15,498 13,903    
Total liabilities and equity 27,195 26,547    
Deposits by parent at subsidiaries 2,900 4,500    
Parent company | Senior Notes        
Long-term debt 2,000 2,000    
Parent company | Related Party        
Intercompany receivables from subsidiaries 393 251    
Intercompany debt to subsidiaries 997 1,046    
Accounts payable $ 74 $ 39    
v3.25.4
Parent Company Condensed Financial Information - Schedule of Condensed Statement of Cash Flows (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating activities      
Net cash provided by operating activities $ 3,729 $ 4,528 $ 4,557
Investing activities      
Proceeds from sales of finance receivables and loans initially held-for-investment 59 1,400 258
Originations and repayments of finance receivables and loans initially held-for-investment and other, net (771) 3,282 (5,040)
Proceeds from sales of equity securities 877 915 356
Net change in nonmarketable equity investments (132) 84 (73)
Other, net (600) (608) (579)
Net cash (used in) provided by investing activities (5,264) 4,991 (7,182)
Financing activities      
Proceeds from issuance of long-term debt 4,673 4,337 5,705
Repayments of long-term debt (5,181) (4,484) (4,595)
Repurchases of common stock (59) (38) (33)
Common stock dividends paid (379) (372) (368)
Preferred stock dividends paid (110) (110) (110)
Net cash provided by (used in) financing activities 1,956 (5,566) 3,839
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]      
Net (decrease) increase in cash and cash equivalents and restricted cash 429 3,941 1,217
Cash and cash equivalents and restricted cash [Roll Forward]      
Cash and cash equivalents and restricted cash at beginning of year 11,380 7,439 6,222
Cash and cash equivalents and restricted cash at December 31, 11,809 11,380 7,439
Restricted Cash [Abstract]      
Cash and cash equivalents 10,030 10,292  
Restricted cash [1] 1,779 1,088  
Total cash and cash equivalents and restricted cash in the Consolidated Statement of Cash Flows 11,809 11,380 7,439
Parent company      
Operating activities      
Net cash provided by operating activities 275 511 879
Investing activities      
Proceeds from sales of finance receivables and loans initially held-for-investment 0 6 1
Originations and repayments of finance receivables and loans initially held-for-investment and other, net (88) (89) (37)
Net change in loans — intercompany (68) (51) (290)
Proceeds from sales of equity securities 1 0 5
Capital contributions to subsidiaries (2) (4) (8)
Returns of contributed capital 0 0 1
Net change in nonmarketable equity investments (4) 0 (2)
Other, net (15) (27) (10)
Net cash (used in) provided by investing activities (176) (165) (340)
Financing activities      
Proceeds from issuance of long-term debt 1,425 2,050 2,410
Repayments of long-term debt (2,551) (1,482) (2,087)
Net change in debt — intercompany (49) 274 227
Repurchases of common stock (59) (38) (33)
Common stock dividends paid (379) (372) (368)
Preferred stock dividends paid (110) (110) (110)
Net cash provided by (used in) financing activities (1,723) 322 39
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]      
Net (decrease) increase in cash and cash equivalents and restricted cash (1,624) 668 578
Cash and cash equivalents and restricted cash [Roll Forward]      
Cash and cash equivalents and restricted cash at beginning of year 4,612 3,944 3,366
Cash and cash equivalents and restricted cash at December 31, 2,988 4,612 3,944
Restricted Cash [Abstract]      
Cash and cash equivalents 2,955 4,579  
Restricted cash 33 33  
Total cash and cash equivalents and restricted cash in the Consolidated Statement of Cash Flows $ 2,988 $ 4,612 $ 3,944
[1] Refer to Note 13 for additional details describing the nature of restricted cash and cash equivalent balances.
v3.25.4
Guarantees and Commitments - Schedule of Guarantor Obligations (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Guarantor Obligations [Line Items]    
Standby letters of credit and other guarantees $ 0 $ 0
Cash collateral received for standby letters of credit 30  
Maximum    
Guarantor Obligations [Line Items]    
Standby letters of credit and other guarantees $ 302 $ 267
v3.25.4
Guarantees and Commitments - Schedule of Financing Commitments (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Guarantees and Product Warranties [Abstract]    
Unused revolving credit line commitments and other $ 10,093 $ 10,027
Commitments to provide capital to investees 1,072 1,227
Construction-lending commitments 270 166
Home equity lines of credit 97 116
Unconditionally cancelable unfunded commitments $ 14,500 $ 16,500
v3.25.4
Guarantees and Commitments - Schedule of Contractual Commitments (Details)
$ in Millions
Dec. 31, 2025
USD ($)
Guarantees and Product Warranties [Abstract]  
2026 $ 202
2027 102
2028 55
2029 8
Total future payment obligations $ 367
v3.25.4
Subsequent Events (Details) - $ / shares
 12 Months Ended
Jan. 19, 2026
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Subsequent Event [Line Items]        
Cash dividends declared per common share (in dollars per share) [1]   $ 1.20 $ 1.20 $ 1.20
Subsequent event        
Subsequent Event [Line Items]        
Cash dividends declared per common share (in dollars per share) $ 0.30      
[1] Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers.