ALLY FINANCIAL INC., 10-Q filed on 5/5/2025
Quarterly Report
v3.25.1
Cover Page - shares
 3 Months Ended
Mar. 31, 2025
May 01, 2025
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2025  
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 Avenue  
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 $0.01 per share  
Trading Symbol ALLY  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   307,174,699
Entity Central Index Key 0000040729  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q1  
Amendment Flag false  
v3.25.1
Condensed Consolidated Statement of Comprehensive Income (Loss) (unaudited) - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Financing revenue and other interest income    
Interest and fees on finance receivables and loans $ 2,709 $ 2,827
Interest on loans held-for-sale 5 36
Interest and dividends on investment securities and other earning assets 230 266
Interest on cash and cash equivalents 98 97
Operating leases 351 356
Total financing revenue and other interest income 3,393 3,582
Interest expense    
Interest on deposits 1,403 1,651
Interest on short-term borrowings 1 23
Interest on long-term debt 271 248
Total interest expense 1,675 1,922
Net depreciation expense on operating lease assets 240 192
Net financing revenue and other interest income 1,478 1,468
Other revenue    
Insurance premiums and service revenue earned 364 345
Gain on mortgage and automotive loans, net 1 6
Other (loss) gain on investments, net (499) 29
Other income, net of losses 197 150
Total other revenue 63 530
Total net revenue 1,541 1,998
Provision for credit losses 191 507
Noninterest expense    
Compensation and benefits expense 505 519
Insurance losses and loss adjustment expenses 161 112
Goodwill impairment 305 0
Other operating expenses 663 677
Total noninterest expense 1,634 1,308
(Loss) income from continuing operations before income tax (benefit) expense (284) 183
Income tax (benefit) expense from continuing operations (59) 40
Net (loss) income from continuing operations (225) 143
Net (loss) income (225) 143
Other comprehensive income (loss), net of tax 662 (173)
Comprehensive income (loss) 437 (30)
Net (loss) income from continuing operations attributable to common shareholders [1] (253) 115
Net (loss) income attributable to common shareholders [1] $ (253) $ 115
Basic weighted-average common shares outstanding (in shares) [1],[2] 309,006 306,003
Diluted weighted-average common shares outstanding (in shares) [1],[2],[3] 309,006 308,421
Basic earnings per common share    
Net income from continuing operations (in dollars per share) [1] $ (0.82) $ 0.38
Net income (in dollars per share) [1] (0.82) 0.38
Diluted earnings per common share    
Net income from continuing operations (in dollars per share) [1] (0.82) 0.37
Net income (in dollars per share) [1] (0.82) 0.37
Cash dividends declared per common share (in dollars per share) [1] $ 0.30 $ 0.30
[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.
[3]
(c)Due to the antidilutive effect of the net loss from continuing operations for the three months ended March 31, 2025, basic weighted-average common shares outstanding was used to calculate basic and diluted earnings per share. During the three months ended March 31, 2025, there were 2.7 million in share-based awards excluded because their inclusion would have been antidilutive.
v3.25.1
Condensed Consolidated Statement of Comprehensive Income (Loss) (unaudited) (Parenthetical)
shares in Millions
 3 Months Ended
Mar. 31, 2025
shares
Income Statement [Abstract]  
Antidilutive securities excluded from computation of earnings per share, amount (in shares) 2.7
v3.25.1
Condensed Consolidated Balance Sheet (unaudited) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Cash and cash equivalents    
Noninterest-bearing $ 543 $ 522
Interest-bearing 9,866 9,770
Total cash and cash equivalents 10,409 10,292
Equity securities 942 871
Available-for-sale securities (amortized cost of $25,772 and $26,810) 22,346 22,410
Held-to-maturity securities (fair value of $4,670 and $4,293) 4,668 4,346
Loans held-for-sale, net 209 160
Finance receivables and loans, net    
Finance receivables and loans, net of unearned income 133,485 136,030
Allowance for loan losses (3,398) (3,714)
Total finance receivables and loans, net 130,087 132,316
Investment in operating leases, net 7,879 7,991
Premiums receivable and other insurance assets 2,806 2,790
Other assets 11,545 10,660
Assets of operations held-for-sale 2,440 0
Total assets 193,331 191,836
Deposit liabilities    
Noninterest-bearing 133 131
Interest-bearing 151,295 151,443
Total deposit liabilities 151,428 151,574
Short-term borrowings 3,339 1,625
Long-term debt 16,465 17,495
Interest payable 954 890
Unearned insurance premiums and service revenue 3,563 3,535
Accrued expenses and other liabilities 3,315 2,814
Liabilities of operations held-for-sale 35 0
Total liabilities 179,099 177,933
Contingencies (refer to Note 24)
Equity    
Common stock and paid-in capital ($0.01 par value, shares authorized 1,100,000,000; issued 518,419,336 and 515,777,584; and outstanding 307,152,469 and 305,387,550) 22,191 22,142
Preferred stock 2,324 2,324
(Accumulated deficit) retained earnings (78) 270
Accumulated other comprehensive loss (3,262) (3,924)
Treasury stock, at cost (211,266,867 and 210,390,034 shares) (6,943) (6,909)
Total equity 14,232 13,903
Total liabilities and equity $ 193,331 $ 191,836
v3.25.1
Condensed Consolidated Balance Sheet (unaudited) (Parenthetical) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
Available-for-sale securities, amortized cost $ 25,772 $ 26,810
Held-to-maturity securities, fair value $ 4,670 $ 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) 518,419,336 515,777,584
Common stock, shares outstanding (in shares) 307,152,469 305,387,550
Treasury stock, common, shares (in shares) 211,266,867 210,390,034
v3.25.1
Condensed Consolidated Balance Sheet (unaudited) (VIEs) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Finance receivables and loans, net $ 133,485 $ 136,030
Allowance for loan losses (3,398) (3,714)
Total finance receivables and loans, net 130,087 132,316
Other assets 11,545 10,660
Total assets 193,331 191,836
Long-term debt 16,465 17,495
Accrued expenses and other liabilities 3,315 2,814
Total liabilities 179,099 177,933
Consumer    
Finance receivables and loans, net 100,831 103,285
Consumer | Automotive    
Finance receivables and loans, net 83,868 83,757
Allowance for loan losses (3,144) (3,170)
On‑balance sheet variable interest entities    
Allowance for loan losses (144) (172)
Total finance receivables and loans, net 3,683 4,333
Other assets 311 333
Total assets 3,994 4,666
Long-term debt 1,360 1,561
Accrued expenses and other liabilities 3 4
Total liabilities 1,363 1,565
On‑balance sheet variable interest entities | Consumer | Automotive    
Finance receivables and loans, net 3,827 4,505
Total assets 12,043 12,821
Total liabilities $ 1,485 $ 1,683
v3.25.1
Condensed Consolidated Statement of Changes in Equity (unaudited) - USD ($)
$ in Millions
Total
Adjustments
 [1]
As Adjusted
Preferred stock dividends — Series B
Preferred stock dividends — Series C
Common stock and paid-in capital
Common stock and paid-in capital
As Adjusted
Preferred stock
Preferred stock
As Adjusted
Retained earnings (accumulated deficit)
Retained earnings (accumulated deficit)
Adjustments
 [1]
Retained earnings (accumulated deficit)
As Adjusted
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
As Adjusted
Treasury stock
Treasury stock
As Adjusted
Beginning 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 (loss) income 143                 143                
Preferred stock dividends       $ (16) $ (12)               $ (16) $ (12)        
Share-based compensation 59         59                        
Other comprehensive income (loss) (173)                           (173)      
Common stock repurchases (29)                               (29)  
Common stock dividends (93)                 (93)                
Ending balance at Mar. 31, 2024 13,580         22,034   2,324   111         (3,989)   (6,900)  
Beginning balance at Dec. 31, 2024 13,903         22,142   2,324   270         (3,924)   (6,909)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Net (loss) income (225)                 (225)                
Preferred stock dividends       $ (16) $ (12)               $ (16) $ (12)        
Share-based compensation 49         49                        
Other comprehensive income (loss) 662                           662      
Common stock repurchases (34)                               (34)  
Common stock dividends (95)                 (95)                
Ending balance at Mar. 31, 2025 $ 14,232         $ 22,191   $ 2,324   $ (78)         $ (3,262)   $ (6,943)  
[1] Refer to the section titled Recently Adopted Accounting Standards in Note 1 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K for additional information.
v3.25.1
Condensed Consolidated Statement of Changes in Equity (unaudited) (Parenthetical)
 12 Months Ended
Dec. 31, 2023
Statement of Stockholders' Equity [Abstract]  
Accounting Standards Update [Extensible Enumeration] Accounting Standards Update 2023-02 [Member] [1]
[1] Refer to the section titled Recently Adopted Accounting Standards in Note 1 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K for additional information.
v3.25.1
Condensed Consolidated Statement of Cash Flows (unaudited) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Operating activities      
Net (loss) income $ (225) $ 143  
Reconciliation of net (loss) income to net cash provided by operating activities      
Depreciation and amortization 361 310  
Goodwill impairment 305 0 $ 118
Provision for credit losses 191 507  
Gain on mortgage and automotive loans, net (1) (6)  
Other loss (gain) on investments, net 499 (29)  
Originations and purchases of loans held-for-sale (490) (698)  
Proceeds from sales and repayments of loans held-for-sale 543 645  
Net change in      
Deferred income taxes (178) (50)  
Interest payable 64 260  
Other assets (128) 142  
Other liabilities (137) (38)  
Other, net 136 80  
Net cash provided by operating activities 940 1,266  
Investing activities      
Purchases of equity securities (196) (186)  
Proceeds from sales of equity securities 122 259  
Purchases of available-for-sale securities (3,649) (148)  
Proceeds from sales of available-for-sale securities 2,669 46  
Proceeds from repayments of available-for-sale securities 440 392  
Purchases of held-to-maturity securities (248) 0  
Proceeds from repayments of held-to-maturity securities 109 100  
Purchases of finance receivables and loans held-for-investment (843) (1,056)  
Proceeds from sales of finance receivables and loans initially held-for-investment 5 1,060  
Originations and repayments of finance receivables and loans initially held-for-investment and other, net 537 899  
Purchases of operating lease assets (819) (709)  
Disposals of operating lease assets 681 964  
Proceeds from sale of a business unit or operation, net 0 1,949  
Net change in nonmarketable equity investments 2 141  
Other, net (151) (135)  
Net cash (used in) provided by investing activities (1,341) 3,576  
Financing activities      
Net change in short-term borrowings 1,714 (3,297)  
Net (decrease) increase in deposits (64) 389  
Proceeds from issuance of long-term debt 24 123  
Repayments of long-term debt (1,074) (699)  
Repurchases of common stock (34) (29)  
Common stock dividends paid (100) (97)  
Preferred stock dividends paid (28) (28)  
Net cash provided by (used in) financing activities 438 (3,638)  
Effect of exchange-rate changes on cash and cash equivalents and restricted cash 0 (3)  
Net increase in cash and cash equivalents and restricted cash 37 1,201  
Cash and cash equivalents and restricted cash at beginning of year 11,380 7,439 7,439
Cash and cash equivalents and restricted cash at March 31, 11,417 8,640 11,380
Cash paid for      
Interest 1,587 1,641  
Income taxes 13 7  
Noncash items      
Held-to-maturity securities received in consideration for loans sold 0 56  
Loans held-for-sale transferred to finance receivables and loans held-for-investment 0 1  
Finance receivables and loans held-for-investment transferred to loans held-for-sale 2,321 1,153  
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]      
Cash and cash equivalents on the Condensed Consolidated Balance Sheet 10,409 8,153 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] 1,008 487  
Total cash and cash equivalents and restricted cash in the Condensed Consolidated Statement of Cash Flows $ 11,417 $ 8,640 $ 11,380
[1] Refer to Note 11 for additional details describing the nature of restricted cash and cash equivalent balances.
v3.25.1
Description of Business, Basis of Presentation, and Changes in Significant Accounting Policies
 3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Description of Business, Basis of Presentation, and Changes in Significant Accounting Policies Description of Business, Basis of Presentation, and Changes in 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 customers and communities. 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.
Our accounting and reporting policies conform to U.S. GAAP. Additionally, where applicable, the policies conform to the accounting and reporting guidelines prescribed by bank regulatory authorities. Certain reclassifications may 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 Condensed Consolidated Financial Statements. The preparation of financial statements in conformity with U.S. GAAP requires management 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, management uses 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.
The Condensed Consolidated Financial Statements at March 31, 2025, and for the three months ended March 31, 2025, and 2024, are unaudited but reflect all adjustments that are, in management’s opinion, necessary for the fair presentation of the results for the interim periods presented. Certain reclassifications have been made to the prior periods’ financial statements and notes to conform to the current period’s presentation. Refer to the section titled Change in Accounting Principle within Note 1 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K for further details on our method of accounting for ITCs, and Note 26 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K for further details on our change in allocation of costs to reportable segments and change in reportable segments. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements (and the related Notes) included in our Annual Report on Form 10-K for the year ended December 31, 2024, as filed on February 19, 2025, with the SEC.
Significant Accounting Policies
Income Taxes
In calculating the provision for interim income taxes, in accordance with ASC 740, Income Taxes, we apply an estimated annual effective tax rate to year-to-date ordinary income. At the end of each interim period, we estimate the effective tax rate expected to be applicable for the full fiscal year. This method differs from that described in Note 1 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K, which describes our annual significant income tax accounting policy and related methodology.
Refer to Note 1 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K regarding additional significant accounting policies.
Recently Issued 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 will be required to disclose, on an annual basis, the amount of income taxes paid (net of refunds received) disaggregated by federal, state, and foreign taxes. The amendments are effective on January 1, 2025, for annual reporting and will be included in our 2025 Annual Report on Form 10-K. The amendments must be applied using either a prospective or retrospective approach. Management does not expect the impact of these amendments to be material.
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 requires 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 also requires 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. Management does not expect the impact of these amendments to be material.
v3.25.1
Held-for-sale Operations
 3 Months Ended
Mar. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Held-for-sale Operations Held-for-sale Operations
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. Ally Credit Card is a component of our Corporate and Other segment. As of March 31, 2025, the assets and liabilities of Ally Credit Card were transferred to assets and liabilities of operations held-for-sale on the Condensed Consolidated Balance Sheet and the related operating results have been presented within continuing operations in the Condensed Consolidated Statement of Comprehensive Income (Loss) for all periods presented. On April 1, 2025, we closed the sale of Ally Credit Card.
In connection with the classification of the operations as held-for-sale as of March 31, 2025, 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, which is a Level 2 fair value input. 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 three months ended March 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.
Additionally, we recognized a $118 million goodwill impairment charge during the fourth quarter of 2024, when we began exploring strategic alternatives for Ally Credit Card, which resulted in a triggering event for goodwill impairment purposes.
The assets and liabilities of operations held-for-sale are summarized below.
($ in millions)March 31, 2025
Assets
Loans held-for-sale, net$2,248 
Other assets (a)192 
Total assets
$2,440 
Liabilities
Accrued expenses and other liabilities$35 
Total liabilities$35 
(a)Primarily includes goodwill of $56 million, intangible assets of $51 million, cash in transit of $51 million, and accrued unbilled interest receivable of $20 million at March 31, 2025.
Nonrecurring Fair Value
The following table displays assets and liabilities of our held-for-sale operations measured at fair value on a nonrecurring basis and held at March 31, 2025. The disposal group was sold on April 1, 2025. Refer to Note 21 for descriptions of valuation methodologies used to measure material assets at fair value and details of the valuation models, key inputs to these models, and significant assumptions used.
Nonrecurring fair value measurements
Lower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustments
Total gain (loss) included in earnings
March 31, 2025 ($ in millions)
Level 1
Level 2
Level 3
Total
Assets
Loans held-for-sale, net$— $2,248 $— $2,248 $— n/m(a)
Other assets (b) (c)— 199 — 199 (307)(7)(d)
Total assets
$— $2,447 $— $2,447 $(307)$(7)
Liabilities
Accrued expenses and other liabilities$— $35 $— $35 $— n/m(a)
Total liabilities$— $35 $— $35 $— n/m
n/m = not meaningful
(a)We consider the applicable valuation allowance, 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.
(b)Includes a $305 million impairment of goodwill at Ally Credit Card. At the time of impairment, the fair value of goodwill was classified as Level 2 under the fair value hierarchy.
(c)Includes a $2 million impairment of other assets related to Ally Credit Card branded plastics acquired by the purchaser. At the time of impairment, the fair value of other assets was classified as Level 2 under the fair value hierarchy.
(d)Represents estimated costs to sell related to the transaction.
v3.25.1
Revenue from Contracts with Customers
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
Our primary revenue sources, which include financing revenue and other interest income, are addressed by other U.S. GAAP topics and are not in the scope of ASC Topic 606, Revenue from Contracts with Customers. As part of our Insurance operations, we recognize revenue from insurance contracts, which are addressed by other U.S. GAAP topics and are not included in the scope of this standard. Certain noninsurance contracts within our Insurance operations, including VSCs, GAP contracts, and VMCs, are included in the scope of this standard. All revenue associated with noninsurance contracts is recognized over the contract term on a basis proportionate to the anticipated cost emergence. Further, commissions and sales expense incurred to obtain these contracts are amortized over the terms of the related policies and service contracts on the same basis as premiums and service revenue are earned, and all advertising costs are recognized as expense when incurred.
The following table presents a disaggregated view of our revenue from contracts with customers. For further information regarding our revenue recognition policies and details about the nature of our respective revenue streams, refer to Note 1 and Note 3 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K.
Three months ended March 31, ($ in millions)
Automotive Finance operationsInsurance operationsCorporate Finance operationsCorporate and OtherConsolidated
2025
Revenue from contracts with customers
Noninsurance contracts (a) (b) (c)$— $241 $— $— $241 
Remarketing fee income31 — — — 31 
Brokerage commissions and other revenue— — — 20 20 
Banking fees and interchange income (d)— — — 19 19 
Brokered/agent commissions— 5 — — 5 
Other5 1 — 1 7 
Total revenue from contracts with customers
36 247 — 40 323 
All other revenue
61 117 29 (467)(260)
Total other revenue (e)$97 $364 $29 $(427)$63 
2024
Revenue from contracts with customers
Noninsurance contracts (a) (b) (c)$— $173 $— $— $173 
Remarketing fee income30 — — — 30 
Brokerage commissions and other revenue— — — 23 23 
Banking fees and interchange income (d)— — — 9 9 
Brokered/agent commissions— 4 — — 4 
Other5 — — — 5 
Total revenue from contracts with customers
35 177 — 32 244 
All other revenue62 207 23 (6)286 
Total other revenue (e)$97 $384 $23 $26 $530 
(a)We had opening balances of $3.0 billion in unearned revenue associated with outstanding contracts at both January 1, 2025 and 2024, and $238 million and $248 million of these balances were recognized as insurance premiums and service revenue earned in our Condensed Consolidated Statement of Comprehensive Income (Loss) during the three months ended March 31, 2025, and 2024, respectively.
(b)At March 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 $649 million during the remainder of 2025, $742 million in 2026, $595 million in 2027, $436 million in 2028, and $535 million thereafter. At March 31, 2024, we had unearned revenue of $2.9 billion associated with outstanding contracts.
(c)We had deferred insurance assets of $1.8 billion at both March 31, 2025, and December 31, 2024, and recognized $141 million of expense during the three months ended March 31, 2025. We had deferred insurance assets of $1.8 billion at both March 31, 2024 and December 31, 2023, and recognized $147 million of expense during the three months ended March 31, 2024.
(d)Interchange income is reported net of customer rewards related to Ally Credit Card. Customer rewards expense was $6 million during both the three months ended March 31, 2025, and March 31, 2024.
(e)Represents a component of total net revenue. Refer to Note 23 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 of $19 million for the three months ended March 31, 2025, and net remarketing gains of $46 million for the three months ended March 31, 2024, on the sale of off-lease vehicles. These gains and losses are included in depreciation expense on operating lease assets in our Condensed Consolidated Statement of Comprehensive Income (Loss). Refer to Note 9 for additional information.
v3.25.1
Other Income, Net of Losses
 3 Months Ended
Mar. 31, 2025
Other Nonoperating Income (Expense) [Abstract]  
Other Income, Net of Losses Other Income, Net of Losses
Details of other income, net of losses, were as follows.
Three months ended March 31,
($ in millions)20252024
Late charges and other administrative fees$51 $54 
Remarketing fees31 30 
Income (loss) from equity-method investments (a)26 (8)
Other, net89 74 
Total other income, net of losses$197 $150 
(a)Refer to Note 11 for further information on our equity-method investments.
v3.25.1
Reserves for Insurance Losses and Loss Adjustment Expenses
 3 Months Ended
Mar. 31, 2025
Short-Duration Insurance Contracts, Liability for Unpaid Claims and Allocated Claim Adjustment Expense, Net [Abstract]  
Reserves for Insurance Losses and Loss Adjustment Expenses Reserves for Insurance Losses and Loss Adjustment Expenses
The following table shows a rollforward of our reserves for insurance losses and loss adjustment expenses.
($ in millions)20252024
Total gross reserves for insurance losses and loss adjustment expenses at January 1,$189 $140 
Less: Reinsurance recoverable60 66 
Net reserves for insurance losses and loss adjustment expenses at January 1,129 74 
Net insurance losses and loss adjustment expenses incurred related to:
Current year161 103 
Prior years (a)— 9 
Total net insurance losses and loss adjustment expenses incurred161 112 
Net insurance losses and loss adjustment expenses paid or payable related to:
Current year(44)(57)
Prior years(54)(42)
Total net insurance losses and loss adjustment expenses paid or payable(98)(99)
Net reserves for insurance losses and loss adjustment expenses at March 31,192 87 
Plus: Reinsurance recoverable (b)76 77 
Total gross reserves for insurance losses and loss adjustment expenses at March 31, (c)$268 $164 
(a)There have been no material adverse changes to the reserve for prior years.
(b)Included in premiums receivable and other insurance assets on our Condensed Consolidated Balance Sheet.
(c)Included in accrued expenses and other liabilities on our Condensed Consolidated Balance Sheet.
v3.25.1
Other Operating Expenses
 3 Months Ended
Mar. 31, 2025
Operating Expenses [Abstract]  
Other Operating Expenses Other Operating Expenses
Details of other operating expenses were as follows.
Three months ended March 31,
($ in millions)20252024
Insurance commissions$161 $161 
Technology and communications103 106 
Property and equipment depreciation63 57 
Advertising and marketing61 73 
Lease and loan administration46 48 
Regulatory and licensing fees44 54 
Vehicle remarketing and repossession33 33 
Professional services31 31 
Amortization of intangible assets3 6 
Other118 108 
Total other operating expenses$663 $677 
v3.25.1
Investment Securities
 3 Months Ended
Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Investment Securities Investment Securities
Our investment portfolio includes various debt and equity securities. Our debt securities, which are classified as available-for-sale or held-to-maturity, include government securities, corporate bonds, asset-backed securities, and mortgage-backed securities. The cost, fair value, and gross unrealized gains and losses on available-for-sale and held-to-maturity securities were as follows.
March 31, 2025December 31, 2024
Amortized costGross unrealized
Fair value
Amortized costGross unrealized
Fair value
($ in millions)gainslossesgainslosses
Available-for-sale securities
Debt securities
U.S. Treasury and federal agencies$2,150 $5 $(69)$2,086 $2,073 $— $(200)$1,873 
U.S. States and political subdivisions700 — (90)610 704 — (87)617 
Foreign government200 2 (3)199 198 1 (5)194 
Agency mortgage-backed residential (a)15,096 2 (2,411)12,687 16,765 — (3,112)13,653 
Mortgage-backed residential245 — (40)205 249 — (43)206 
Agency mortgage-backed commercial (a)5,399 6 (734)4,671 4,819 1 (836)3,984 
Asset-backed75 — (1)74 131 — (2)129 
Corporate debt1,907 7 (100)1,814 1,871 3 (120)1,754 
Total available-for-sale securities (b) (c) (d) (e) (f)$25,772 $22 $(3,448)$22,346 $26,810 $5 $(4,405)$22,410 
Held-to-maturity securities
Debt securities
Agency mortgage-backed residential$1,332 $1 $(176)$1,157 $935 $— $(196)$739 
Mortgage-backed residential3,259 177 (1)3,435 3,323 142 — 3,465 
Asset-backed retained notes77 1 — 78 88 1 — 89 
Total held-to-maturity securities (d) (f) (g)$4,668 $179 $(177)$4,670 $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 $4 million asset and a $72 million liability for agency mortgage-backed residential securities at March 31, 2025, and December 31, 2024, respectively, and a $7 million asset and a $34 million liability for agency mortgage-backed commercial securities at March 31, 2025, and December 31, 2024. These basis adjustments would be allocated to the amortized cost of specific securities within the pool if the hedge was dedesignated. Refer to Note 19 for additional information.
(b)Certain available-for-sale securities are included in fair value hedging relationships. Refer to Note 19 for additional information.
(c)Certain entities related to our Insurance operations are required to deposit securities with state regulatory authorities. These deposited securities totaled $13 million at both March 31, 2025, and December 31, 2024.
(d)Investment securities with a fair value of $4.2 billion and $3.4 billion were pledged as collateral at March 31, 2025, and December 31, 2024, respectively. This primarily included $2.9 billion pledged to secure advances from the FHLB at both March 31, 2025, and December 31, 2024. 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 $1.3 billion and $439 million of the underlying available-for-sale securities at March 31, 2025, and December 31, 2024, respectively.
(e)Totals do not include accrued interest receivable, which was $81 million and $73 million at March 31, 2025, and December 31, 2024, respectively. Accrued interest receivable is included in other assets on our Condensed Consolidated Balance Sheet.
(f)There was no allowance for credit losses recorded at both March 31, 2025, or 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 March 31, 2025, and December 31, 2024, respectively. Accrued interest receivable is included in other assets on our Condensed 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. During the three months ended March 31, 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 anticipated sale of Ally Credit Card. We sold lower-yielding securities with an amortized cost of approximately $4.6 billion for approximately $4.1 billion, resulting in a pre-tax loss of $495 million during the three months ended March 31, 2025. We reinvested the proceeds in shorter duration, highly liquid securities at current market rates. At March 31, 2025, a portion of the repositioning transactions were not settled, refer to Note 11 and Note 14 for additional information. We expect the outstanding repositioning transactions to settle during the second quarter of 2025. As of March 31, 2025, we did not have the intent to sell available-for-sale securities in an unrealized loss position and we do not believe it is more likely than not that we will be required to sell these securities before recovery of their amortized cost basis.
The maturity distribution of debt securities outstanding is summarized in the following tables based upon contractual maturities. Call or prepayment options may cause actual maturities to differ from contractual maturities.
TotalDue in one year or lessDue after one year through five yearsDue after five years through ten yearsDue after ten years
($ in millions)AmountYieldAmountYieldAmountYieldAmountYieldAmountYield
March 31, 2025
Fair value of available-for-sale securities (a)
U.S. Treasury and federal agencies$2,086 3.4 %$39 0.7 %$1,590 3.9 %$457 1.9 %$— — %
U.S. States and political subdivisions610 3.5 39 5.6 68 3.4 85 4.1 418 3.2 
Foreign government199 2.7 27 2.1 63 2.5 109 2.9 — — 
Agency mortgage-backed residential (b)12,687 2.9 — — 1 2.8 276 5.5 12,410 2.8 
Mortgage-backed residential205 2.7 — — — — — — 205 2.7 
Agency mortgage-backed commercial (b)4,671 2.7 23 3.1 930 4.0 1,815 2.6 1,903 2.1 
Asset-backed74 1.5 1 3.3 73 1.5 — — — — 
Corporate debt1,814 3.2 198 2.9 735 2.6 739 3.6 142 5.5 
Total available-for-sale securities$22,346 2.9 $327 2.3 $3,460 3.6 $3,481 3.0 $15,078 2.8 
Amortized cost of available-for-sale securities
$25,772 $330 $3,510 $3,838 $18,094 
Amortized cost of held-to-maturity securities (c)
Agency mortgage-backed residential$1,332 3.5 %$— — %$— — %$— — %$1,332 3.5 %
Mortgage-backed residential3,259 2.8 — — — — 9 3.4 3,250 2.8 
Asset-backed retained notes
77 5.4 — — 55 5.3 22 5.6 — — 
Total held-to-maturity securities
$4,668 3.1 $— — $55 5.3 $31 5.0 $4,582 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 of available-for-sale securities
$26,810 $330 $2,579 $3,844 $20,057 
Amortized cost 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 market value by security for the securities within each maturity distribution range. The effective yield considers the contractual coupon and amortized cost 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 $4 million asset and a $72 million liability for agency mortgage-backed residential securities at March 31, 2025, and December 31, 2024, respectively, and a $7 million asset and a $34 million liability for agency mortgage-backed commercial securities at March 31, 2025, and December 31, 2024. These basis adjustments would be allocated to the amortized cost of specific securities within the pool if the hedge was dedesignated. Refer to Note 19 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 by security for the securities within each maturity distribution range. The effective yield considers the contractual coupon and amortized cost 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 $451 million and $106 million at March 31, 2025, and December 31, 2024, respectively, and were composed primarily of money-market funds.
The following table presents interest and dividends on investment securities.
Three months ended March 31,
($ in millions)20252024
Taxable interest$210 $245 
Taxable dividends5 4 
Interest and dividends exempt from U.S. federal income tax6 6 
Interest and dividends on investment securities$221 $255 
The following table presents gross gains and losses realized upon the sales of available-for-sale securities, and net gains or losses on equity securities held during the period.
Three months ended March 31,
($ in millions)20252024
Available-for-sale securities
Gross realized gains$— $1 
Gross realized losses (a)(495)— 
Net realized (loss) gain on available-for-sale securities(495)1 
Net realized gain on equity securities8 17 
Net unrealized (loss) gain on equity securities(12)11 
Other (loss) gain on investments, net$(499)$29 
(a)Includes losses reclassified from accumulated other comprehensive loss related to the balance sheet repositioning of our available-for-sale securities portfolio.
The following table presents the credit quality of our held-to-maturity securities, based on the latest available information as of March 31, 2025, and December 31, 2024. The credit ratings are sourced from nationally recognized statistical rating organizations, which include S&P, Moody’s, Fitch, and DBRS. The ratings presented are a composite of the ratings sourced from the agencies or, if the ratings cannot be sourced from the agencies, are based on the asset type of the particular security. All our held-to-maturity securities were current in their payment of principal and interest as of both March 31, 2025, and December 31, 2024. We have not recorded any interest income reversals on our held-to-maturity securities during the three months ended March 31, 2025, or March 31, 2024.
($ in millions)AAAAAABBBTotal (a)
March 31, 2025
Debt securities
Agency mortgage-backed residential$— $1,332 $— $— $1,332 
Mortgage-backed residential3,180 75 4 — 3,259 
Asset-backed retained notes70 4 2 1 77 
Total held-to-maturity securities$3,250 $1,411 $6 $1 $4,668 
December 31, 2024
Debt securities
Agency mortgage-backed residential$— $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 $4,346 
(a)Rating agencies indicate that they base their ratings on many quantitative and qualitative factors, which may include capital adequacy, liquidity, asset quality, business mix, level and quality of earnings, and the current operating, legislative, and regulatory environment. A credit rating is not a recommendation to buy, sell, or hold securities, and the ratings are subject to revision or withdrawal at any time by the assigning rating agency.
The following table summarizes available-for-sale securities in an unrealized loss position, which we evaluated to determine if a credit loss exists requiring the recognition of an allowance for credit losses. For additional information on our methodology, refer to Note 1 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K. We have not recorded any interest income reversals on our available-for-sale securities during the three months ended March 31, 2025, or March 31, 2024.
March 31, 2025December 31, 2024
Less than 12 months12 months or longerLess than 12 months12 months or longer
($ 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$— $— $595 $(69)$— $— $1,873 $(200)
U.S. States and political subdivisions43 (2)495 (88)87 (2)472 (85)
Foreign government16 (1)92 (2)40 — 112 (5)
Agency mortgage-backed residential (a)906 (4)10,712 (2,407)127 (3)13,518 (3,109)
Mortgage-backed residential— — 205 (40)— — 206 (43)
Agency mortgage-backed commercial (a)217 (4)3,534 (730)428 (11)3,445 (825)
Asset-backed— — 71 (1)— — 124 (2)
Corporate debt187 (3)1,271 (97)265 (6)1,319 (114)
Total available-for-sale securities
$1,369 $(14)$16,975 $(3,434)$947 $(22)$21,069 $(4,383)
(a)Includes basis adjustments for certain securities that are included in closed portfolios with active hedges under the portfolio layer method at March 31, 2025, and December 31, 2024. The basis adjustments would be allocated to the amortized cost of specific securities within the pool if the hedge was dedesignated. Refer to Note 19 for additional information.
During the three months ended March 31, 2025, and 2024, management determined that there were no expected credit losses for securities in an unrealized loss position. This analysis considered a variety of factors including, but not limited to, performance indicators of the issuer, default rates, industry analyst reports, credit ratings, and other relevant information, which indicated that contractual cash flows are expected to occur. As a result of this evaluation, management determined that no credit reserves were required at March 31, 2025, or December 31, 2024.
v3.25.1
Finance Receivables and Loans, Net
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Finance Receivables and Loans, Net Finance Receivables and Loans, Net
The composition of finance receivables and loans reported at amortized cost basis was as follows.
($ in millions)March 31, 2025December 31, 2024
Consumer automotive (a)$83,868 $83,757 
Consumer mortgage (b)16,963 17,234 
Consumer other (c)— 2,294 
Total consumer100,831 103,285 
Commercial
Commercial and industrial
Automotive16,939 18,259 
Other8,984 8,212 
Commercial real estate6,731 6,274 
Total commercial32,654 32,745 
Total finance receivables and loans (d) (e)$133,485 $136,030 
(a)Certain finance receivables and loans are included in fair value hedging relationships. Refer to Note 19 for additional information.
(b)Includes loans originated as interest-only mortgage loans of $12 million at both March 31, 2025, and December 31, 2024, of which all have exited the interest-only period.
(c)Consists of credit card finance receivables and loans, which were transferred to loans held-for-sale, and are included in assets of operations held-for-sale on our Condensed Consolidated Balance Sheet at March 31, 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 $2.3 billion at both March 31, 2025, and December 31, 2024.
(e)Totals do not include accrued interest receivable, which was $757 million and $839 million at March 31, 2025, and December 31, 2024, respectively. Accrued interest receivable is included in other assets on our Condensed Consolidated Balance Sheet.
The following tables present an analysis of the activity in the allowance for loan losses on finance receivables and loans for the three months ended March 31, 2025, and 2024, respectively.
Three months ended March 31, 2025 ($ in millions)
Consumer automotiveConsumer mortgageConsumer other (a)CommercialTotal
Allowance at January 1, 2025$3,170 $19 $319 $206 $3,714 
Charge-offs (b)(676)— (68)(1)(745)
Recoveries231 1 5 1 238 
Net charge-offs(445)1 (63)— (507)
Provision for credit losses418 — (257)30 191 
Other1 (2)1 — — 
Allowance at March 31, 2025
$3,144 $18 $— $236 $3,398 
(a)Consists of Credit Card.
(b)Refer to Note 1 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K for information regarding our charge-off policies.
Three months ended March 31, 2024 ($ in millions)
Consumer automotiveConsumer mortgageConsumer other (a)CommercialTotal
Allowance at January 1, 2024$3,083 $21 $293 $190 $3,587 
Charge-offs (b)(688)(1)(68)(1)(758)
Recoveries211 1 6 1 219 
Net charge-offs(477)— (62)— (539)
Write-downs from transfers to held-for-sale (c)(5)— — — (5)
Provision for credit losses449 — 60 (2)507 
Allowance at March 31, 2024
$3,050 $21 $291 $188 $3,550 
(a)Consists of Credit Card.
(b)Refer to Note 1 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K for information regarding our charge-off policies.
(c)Consumer automotive includes a $5 million reduction of allowance from the completion of a retail securitization transaction during the three months ended March 31, 2024, resulting in the deconsolidation of the assets and liabilities from our Condensed Consolidated Balance Sheet.
The following table presents sales of finance receivables and loans and transfers of finance receivables and loans from held-for-investment to held-for-sale based on net carrying value.
Three months ended March 31,
($ in millions)20252024
Consumer automotive$— $1,108 
Consumer other (a)2,248 — 
Commercial73 45 
Total sales and transfers$2,321 $1,153 
(a)Credit card finance receivables and loans were transferred to loans held-for-sale, and are included in assets of operations held-for-sale on our Condensed Consolidated Balance Sheet at March 31, 2025. Refer to Note 2 for additional information.
The following table presents purchases of finance receivables and loans based on unpaid principal balance at the time of purchase.
Three months ended March 31,
($ in millions)20252024
Consumer automotive$749 $981 
Consumer mortgage8 4 
Total purchases of finance receivables and loans$757 $985 
Nonaccrual Loans
The following tables present the amortized cost 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 March 31, 2025, and December 31, 2024. We recorded interest income from cash payments associated with finance receivables and loans on nonaccrual status of $4 million and $5 million for the three months ended March 31, 2025, and 2024, respectively. Refer to Note 1 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K for additional information on our accounting policy for finance receivables and loans on nonaccrual status.
March 31, 2025
($ in millions)Nonaccrual status at Jan. 1, 2025Nonaccrual statusNonaccrual with no allowance (a)
Consumer automotive$1,231 $1,167 $449 
Consumer mortgage54 56 38 
Consumer other (b)90 — — 
Total consumer1,375 1,223 487 
Commercial
Commercial and industrial
Automotive15 79 3 
Other94 94 3 
Commercial real estate2 21 9 
Total commercial111 194 15 
Total finance receivables and loans$1,486 $1,417 $502 
(a)Represents a component of nonaccrual status at end of period.
(b)Consists of credit card finance receivables and loans, which were transferred to loans held-for-sale, and are included in assets of operations held-for-sale on our Condensed Consolidated Balance Sheet at March 31, 2025. Refer to Note 2 for additional information.
December 31, 2024
($ 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$1,394 $1,486 $518 
(a)Represents a component of nonaccrual status at end of period.
(b)Consists of credit card finance receivables and loans.
Credit Quality Indicators
We evaluate the credit quality of our consumer loan portfolio based on the aging status of the loan and by payment activity. Loan delinquency reporting is generally based upon borrower payment activity, relative to the contractual terms of the loan.
The following tables present the amortized cost basis of our consumer finance receivables and loans by credit quality indicator based on delinquency status and origination year.
Origination yearRevolving loans converted to term
March 31, 2025 ($ in millions)
202520242023202220212020 and priorRevolving loansTotal
Consumer automotive
Current$8,935 $27,767 $18,395 $13,598 $7,287 $3,901 $— $— $79,883 
30–59 days past due15 461 659 704 437 232 — — 2,508 
60–89 days past due1 160 299 330 188 96 — — 1,074 
90 or more days past due— 61 108 120 77 49 — — 415 
Total consumer automotive (a)8,951 28,449 19,461 14,752 7,989 4,278 — — 83,880 
Consumer mortgage
Current— 20 31 1,865 9,702 5,125 108 15 16,866 
30–59 days past due— — — 5 5 20 — — 30 
60–89 days past due— — — 3 9 11 — — 23 
90 or more days past due— — 1 5 10 25 1 2 44 
Total consumer mortgage— 20 32 1,878 9,726 5,181 109 17 16,963 
Total consumer (b)$8,951 $28,469 $19,493 $16,630 $17,715 $9,459 $109 $17 $100,843 
(a)Certain consumer automotive loans are included in fair value hedging relationships. The amortized cost excludes a liability of $12 million related to basis adjustments for loans in closed portfolios with active hedges under the portfolio layer method at March 31, 2025. These basis adjustments would be allocated to the amortized cost of specific loans within the pool if the hedge was dedesignated. Refer to Note 19 for additional information.
(b)Excludes credit card finance receivables and loans, which were transferred to loans held-for-sale, and are included in assets of operations held-for-sale on our Condensed Consolidated Balance Sheet at March 31, 2025. Refer to Note 2 for additional information.
Origination yearRevolving loans converted to term
December 31, 2024 ($ in millions)
202420232022202120202019 and priorRevolving loansTotal
Consumer automotive
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 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 of specific loans within the pool if the hedge was dedesignated. Refer to Note 19 for additional information.
(b)Consists of credit card finance receivables and loans.
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
March 31, 2025 ($ in millions)
202520242023202220212020 and priorRevolving loansTotal
Commercial
Commercial and industrial
Automotive
Pass$49 $508 $311 $315 $117 $104 $13,818 $— $15,222 
Special mention— 4 26 13 21 4 1,521 — 1,589 
Substandard— — 1 2 3 1 116 — 123 
Doubtful— — — — — — 5 — 5 
Total automotive49 512 338 330 141 109 15,460 — 16,939 
Other
Pass128 705 248 194 197 239 5,793 107 7,611 
Special mention— — — 363 248 266 247 21 1,145 
Substandard— — 27 — 22 117 24 3 193 
Doubtful— — — — — 26 9 — 35 
Total other128 705 275 557 467 648 6,073 131 8,984 
Commercial real estate
Pass572 1,043 866 1,169 1,012 1,797 — 47 6,506 
Special mention— 7 39 78 42 38 — — 204 
Substandard— — 6 8 5 — — — 19 
Doubtful— — — 1 — 1 — — 2 
Total commercial real estate572 1,050 911 1,256 1,059 1,836 — 47 6,731 
Total commercial$749 $2,267 $1,524 $2,143 $1,667 $2,593 $21,533 $178 $32,654 
Origination yearRevolving loans converted to term
December 31, 2024 ($ 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
March 31, 2025
Commercial
Commercial and industrial
Automotive$— $— $2 $2 $16,937 $16,939 
Other— — — — 8,984 8,984 
Commercial real estate— — 1 1 6,730 6,731 
Total commercial$— $— $3 $3 $32,651 $32,654 
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 $32,745 
The following tables present gross charge-offs of our finance receivables and loans for each portfolio class by origination year during the three months ended March 31, 2025, and during the year ended December 31, 2024, respectively. Refer to Note 1 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K for additional information on our charge-off policy.
Origination yearRevolving loans converted to term
March 31, 2025 ($ in millions)
202520242023202220212020 and priorRevolving loansTotal
Consumer automotive$1 $120 $206 $200 $98 $51 $— $— $676 
Consumer other (a)— — — — — — 64 4 68 
Total consumer1 120 206 200 98 51 64 4 744 
Commercial
Commercial and industrial
Automotive— — — — — — 1 — 1 
Total commercial— — — — — — 1 — 1 
Total finance receivables and loans$1 $120 $206 $200 $98 $51 $65 $4 $745 
(a)Consists of Credit Card.
Origination yearRevolving loans converted to term
December 31, 2024 ($ 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 Condensed Consolidated Balance Sheet.
(b)Consists of Credit Card.
Loan Modifications
The following tables present the amortized cost basis of loans that were modified subsequent to origination during the three months ended March 31, 2025, and 2024, respectively, for each portfolio segment, by modification type. For additional information on loan modification types in scope of this disclosure, refer to Note 1 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K. 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 March 31, 2025, and December 31, 2024, there were $5 million and $4 million of consumer mortgage finance receivables and loans in a trial modification program, respectively.
Payment extensions
Three months ended March 31, 2025
($ in millions)
Payment deferralsContractual maturity extensionsPrincipal forgivenessInterest rate concessionsCombinationTotal (a)
Consumer automotive$— $105 $1 $— $— $106 
Consumer mortgage— — — — 1 1 
Total consumer— 105 1 — 1 107 
Commercial
Commercial and industrial
Automotive2 — — — — 2 
Other4 22 — — — 26 
Total commercial6 22 — — — 28 
Total finance receivables and loans$6 $127 $1 $— $1 $135 
(a)Represents 0.1% of total finance receivables and loans outstanding as of March 31, 2025.
Payment extensions
Three months ended March 31, 2024
($ in millions)
Payment deferralsContractual maturity extensionsPrincipal forgivenessInterest rate concessionsCombinationTotal (a)
Consumer automotive$— $99 $1 $— $— $100 
Consumer mortgage— — — — 1 1 
Consumer other (b)— — — 6 — 6 
Total consumer— 99 1 6 1 107 
Commercial
Commercial and industrial
Automotive— — — 4 — 4 
Other— 129 — — — 129 
Total commercial— 129 — 4 — 133 
Total finance receivables and loans$— $228 $1 $10 $1 $240 
(a)Represents 0.2% of total finance receivables and loans outstanding as of March 31, 2024.
(b)Consists of Credit Card.
The following tables present the financial effect of loan modifications that occurred during the three months ended March 31, 2025, and 2024, respectively.
Payment extensions (a)Principal forgivenessInterest rate concessions (a)Combination (a) (b)
Three months ended
March 31, 2025
($ in millions)
Number of months extended/deferredAmount forgivenInitial rateRevised rateRemaining termRevised remaining termInitial rateRevised rate
Consumer automotive29$— — %— %— — — %— %
Consumer mortgage— — — — 2914804.5 2.8 
Commercial
Commercial and industrial
Automotive7$— — %— %— — — %— %
Other16— — — — — — — 
Total commercial15$— — — — — — — 
(a)Calculated using a weighted-average balance for each portfolio class.
(b)Term is presented in number of months.
Payment extensions (a)Principal forgivenessInterest rate concessions (a)Combination (a) (b)
Three months ended
March 31, 2024
($ in millions)
Number of months extended/deferredAmount forgivenInitial rateRevised rateRemaining termRevised remaining termInitial rateRevised rate
Consumer automotive29$— — %— %— — — %— %
Consumer mortgage— — — — 3554803.5 3.4 
Consumer other (c)— — 30.5 10.1 ——— — 
Commercial
Commercial and industrial
Automotive— $— 12.9 %11.5 %——— %— %
Other41— — — ——— — 
Total commercial41$— 12.9 11.5 ——— — 
(a)Calculated using a weighted-average balance for each portfolio class.
(b)Term is presented in number of months.
(c)Consists of Credit Card.
The following tables present the subsequent performance of loans recorded at amortized cost, by portfolio segment and credit quality indicator, that were modified within the 12 months prior to March 31, 2025, and 2024, respectively.
March 31, 2025 ($ in millions)
Current30–59 days past due60–89 days past due90 or more days past dueTotal
Consumer automotive
Contractual maturity extensions$328 $62 $23 $7 $420 
Principal forgiveness— — — 5 5 
Combination2 — — — 2 
Total consumer automotive330 62 23 12 427 
Consumer mortgage
Contractual maturity extensions1 — — 1 2 
Combination1 — — — 1 
Total consumer mortgage2 — — 1 3 
Total consumer$332 $62 $23 $13 $430 
March 31, 2025 ($ in millions)
PassSpecial mentionSubstandardDoubtfulTotal
Commercial and industrial
Automotive
Payment deferrals$— $— $4 $— $4 
Combination— — — 3 3 
Other
Payment deferrals— — 4 — 4 
Contractual maturity extensions25 — 22 — 47 
Combination— — 14 — 14 
Commercial real estate
Payment deferrals— — — 1 1 
Total commercial$25 $— $44 $4 $73 
March 31, 2024 ($ in millions)
Current30–59 days past due60–89 days past due90 or more days past dueTotal
Consumer automotive
Contractual maturity extensions$253 $38 $10 $2 $303 
Principal forgiveness6 1 — 5 12 
Total consumer automotive259 39 10 7 315 
Consumer mortgage
Contractual maturity extensions2 — — — 2 
Combination2 — — — 2 
Total consumer mortgage4 — — — 4 
Consumer other (a)
Interest rate concessions9 1 1 3 14 
Total consumer other9 1 1 3 14 
Total consumer$272 $40 $11 $10 $333 
(a)Consists of Credit Card.
March 31, 2024 ($ in millions)
PassSpecial mentionSubstandardDoubtfulTotal
Commercial and industrial
Automotive
Interest rate concessions$— $— $4 $— $4 
Other
Contractual maturity extensions107 — 60 — 167 
Total commercial$107 $— $64 $— $171 
As of March 31, 2025, 1,858 consumer automotive loans with a total amortized cost of $46 million redefaulted within 12 months of modification, whereas 481 consumer automotive loans with a total amortized cost of $11 million redefaulted within 12 months of modification as of March 31, 2024.
v3.25.1
Leasing
 3 Months Ended
Mar. 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 3 months to 6 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 three months ended March 31, 2025, and March 31, 2024, we paid $9 million and $8 million in cash for amounts included in the measurement of lease liabilities at March 31, 2025, and March 31, 2024, respectively. These amounts are included in net cash provided by operating activities in the Condensed Consolidated Statement of Cash Flows. During the three months ended March 31, 2025, and March 31, 2024, we obtained $5 million and $16 million, respectively, of ROU assets in exchange for new lease liabilities. As of March 31, 2025, the weighted-average remaining lease term of our operating lease portfolio was 3 years, and the weighted-average discount rate was 3.39%, compared to 3 years and 3.32% as of December 31, 2024.
The following table presents future minimum rental payments we are required to make under operating leases that have commenced as of March 31, 2025, and that have noncancelable lease terms expiring after March 31, 2025.
($ in millions)
2025$28 
202635 
202727 
202819 
20292 
2030 and thereafter1 
Total undiscounted cash flows112 
Difference between undiscounted cash flows and discounted cash flows(6)
Total lease liability$106 
The following table details the components of total net operating lease expense.
Three months ended March 31,
($ in millions)20252024
Operating lease expense$8 $7 
Variable lease expense1 1 
Total lease expense, net (a)$9 $8 
(a)Included in other operating expenses in our Condensed Consolidated Statement of Comprehensive Income (Loss).
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, tax credits, 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 Condensed Consolidated Statement of Comprehensive Income (Loss) 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. Neither the consumer, dealer, nor automotive manufacturer is responsible for the value of the vehicle at the time of lease termination. 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 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 residual value guarantees resulting in a gain or loss on remarketing, which is included in net depreciation expense on operating lease assets in our Condensed Consolidated Statement of Comprehensive Income (Loss). Excessive mileage or excessive wear and tear on the vehicle during the lease may impact the sales proceeds received upon remarketing. As of March 31, 2025, and December 31, 2024, consumer operating leases with a carrying value, net of accumulated depreciation, of $2.3 billion and $1.9 billion, respectively, were covered by OEM residual value guarantees. Substantially all were covered under a residual value guarantee of approximately 50% of the vehicles’ contract residual value at both March 31, 2025 and December 31, 2024.
The following table details our investment in operating leases.
($ in millions)March 31, 2025December 31, 2024
Vehicles$9,361 $9,519 
Accumulated depreciation(1,482)(1,528)
Investment in operating leases, net$7,879 $7,991 
The following table presents future minimum rental payments we have the right to receive under operating leases with noncancelable lease terms expiring after March 31, 2025.
($ in millions)
2025$985 
2026985 
2027476 
202856 
20295 
Total lease payments from operating leases$2,507 
We recognized operating lease revenue of $351 million and $356 million for the three months ended March 31, 2025, and March 31, 2024, respectively. Depreciation expense on operating lease assets includes net remarketing (losses) gains recognized on the sale of operating lease assets. The following table summarizes the components of depreciation expense on operating lease assets.
Three months ended March 31,
($ in millions)20252024
Depreciation expense on operating lease assets (excluding remarketing losses (gains)) (a)$221 $238 
Remarketing losses (gains), net19 (46)
Net depreciation expense on operating lease assets$240 $192 
(a)Includes variable lease payments related to excess mileage and excessive wear and tear on vehicles of $6 million and $4 million during the three months ended March 31, 2025, and 2024, 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 Condensed Consolidated Balance Sheet, was $482 million and $496 million as of March 31, 2025, and December 31, 2024, respectively. Interest income on finance lease receivables was $11 million for both the three months ended March 31, 2025, and 2024, and is included in interest and fees on finance receivables and loans in our Condensed Consolidated Statement of Comprehensive Income (Loss).
The following table presents future minimum rental payments we have the right to receive under finance leases with noncancelable lease terms expiring after March 31, 2025.
($ in millions)
2025$141 
2026162 
2027127 
202873 
202938 
2030 and thereafter15 
Total undiscounted cash flows556 
Difference between undiscounted cash flows and discounted cash flows(74)
Present value of lease payments recorded as lease receivable$482 
Leasing Leasing
Ally as the Lessee
We have operating leases for certain of our corporate facilities, which have remaining lease terms of 3 months to 6 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 three months ended March 31, 2025, and March 31, 2024, we paid $9 million and $8 million in cash for amounts included in the measurement of lease liabilities at March 31, 2025, and March 31, 2024, respectively. These amounts are included in net cash provided by operating activities in the Condensed Consolidated Statement of Cash Flows. During the three months ended March 31, 2025, and March 31, 2024, we obtained $5 million and $16 million, respectively, of ROU assets in exchange for new lease liabilities. As of March 31, 2025, the weighted-average remaining lease term of our operating lease portfolio was 3 years, and the weighted-average discount rate was 3.39%, compared to 3 years and 3.32% as of December 31, 2024.
The following table presents future minimum rental payments we are required to make under operating leases that have commenced as of March 31, 2025, and that have noncancelable lease terms expiring after March 31, 2025.
($ in millions)
2025$28 
202635 
202727 
202819 
20292 
2030 and thereafter1 
Total undiscounted cash flows112 
Difference between undiscounted cash flows and discounted cash flows(6)
Total lease liability$106 
The following table details the components of total net operating lease expense.
Three months ended March 31,
($ in millions)20252024
Operating lease expense$8 $7 
Variable lease expense1 1 
Total lease expense, net (a)$9 $8 
(a)Included in other operating expenses in our Condensed Consolidated Statement of Comprehensive Income (Loss).
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, tax credits, 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 Condensed Consolidated Statement of Comprehensive Income (Loss) 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. Neither the consumer, dealer, nor automotive manufacturer is responsible for the value of the vehicle at the time of lease termination. 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 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 residual value guarantees resulting in a gain or loss on remarketing, which is included in net depreciation expense on operating lease assets in our Condensed Consolidated Statement of Comprehensive Income (Loss). Excessive mileage or excessive wear and tear on the vehicle during the lease may impact the sales proceeds received upon remarketing. As of March 31, 2025, and December 31, 2024, consumer operating leases with a carrying value, net of accumulated depreciation, of $2.3 billion and $1.9 billion, respectively, were covered by OEM residual value guarantees. Substantially all were covered under a residual value guarantee of approximately 50% of the vehicles’ contract residual value at both March 31, 2025 and December 31, 2024.
The following table details our investment in operating leases.
($ in millions)March 31, 2025December 31, 2024
Vehicles$9,361 $9,519 
Accumulated depreciation(1,482)(1,528)
Investment in operating leases, net$7,879 $7,991 
The following table presents future minimum rental payments we have the right to receive under operating leases with noncancelable lease terms expiring after March 31, 2025.
($ in millions)
2025$985 
2026985 
2027476 
202856 
20295 
Total lease payments from operating leases$2,507 
We recognized operating lease revenue of $351 million and $356 million for the three months ended March 31, 2025, and March 31, 2024, respectively. Depreciation expense on operating lease assets includes net remarketing (losses) gains recognized on the sale of operating lease assets. The following table summarizes the components of depreciation expense on operating lease assets.
Three months ended March 31,
($ in millions)20252024
Depreciation expense on operating lease assets (excluding remarketing losses (gains)) (a)$221 $238 
Remarketing losses (gains), net19 (46)
Net depreciation expense on operating lease assets$240 $192 
(a)Includes variable lease payments related to excess mileage and excessive wear and tear on vehicles of $6 million and $4 million during the three months ended March 31, 2025, and 2024, 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 Condensed Consolidated Balance Sheet, was $482 million and $496 million as of March 31, 2025, and December 31, 2024, respectively. Interest income on finance lease receivables was $11 million for both the three months ended March 31, 2025, and 2024, and is included in interest and fees on finance receivables and loans in our Condensed Consolidated Statement of Comprehensive Income (Loss).
The following table presents future minimum rental payments we have the right to receive under finance leases with noncancelable lease terms expiring after March 31, 2025.
($ in millions)
2025$141 
2026162 
2027127 
202873 
202938 
2030 and thereafter15 
Total undiscounted cash flows556 
Difference between undiscounted cash flows and discounted cash flows(74)
Present value of lease payments recorded as lease receivable$482 
Leasing Leasing
Ally as the Lessee
We have operating leases for certain of our corporate facilities, which have remaining lease terms of 3 months to 6 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 three months ended March 31, 2025, and March 31, 2024, we paid $9 million and $8 million in cash for amounts included in the measurement of lease liabilities at March 31, 2025, and March 31, 2024, respectively. These amounts are included in net cash provided by operating activities in the Condensed Consolidated Statement of Cash Flows. During the three months ended March 31, 2025, and March 31, 2024, we obtained $5 million and $16 million, respectively, of ROU assets in exchange for new lease liabilities. As of March 31, 2025, the weighted-average remaining lease term of our operating lease portfolio was 3 years, and the weighted-average discount rate was 3.39%, compared to 3 years and 3.32% as of December 31, 2024.
The following table presents future minimum rental payments we are required to make under operating leases that have commenced as of March 31, 2025, and that have noncancelable lease terms expiring after March 31, 2025.
($ in millions)
2025$28 
202635 
202727 
202819 
20292 
2030 and thereafter1 
Total undiscounted cash flows112 
Difference between undiscounted cash flows and discounted cash flows(6)
Total lease liability$106 
The following table details the components of total net operating lease expense.
Three months ended March 31,
($ in millions)20252024
Operating lease expense$8 $7 
Variable lease expense1 1 
Total lease expense, net (a)$9 $8 
(a)Included in other operating expenses in our Condensed Consolidated Statement of Comprehensive Income (Loss).
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, tax credits, 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 Condensed Consolidated Statement of Comprehensive Income (Loss) 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. Neither the consumer, dealer, nor automotive manufacturer is responsible for the value of the vehicle at the time of lease termination. 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 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 residual value guarantees resulting in a gain or loss on remarketing, which is included in net depreciation expense on operating lease assets in our Condensed Consolidated Statement of Comprehensive Income (Loss). Excessive mileage or excessive wear and tear on the vehicle during the lease may impact the sales proceeds received upon remarketing. As of March 31, 2025, and December 31, 2024, consumer operating leases with a carrying value, net of accumulated depreciation, of $2.3 billion and $1.9 billion, respectively, were covered by OEM residual value guarantees. Substantially all were covered under a residual value guarantee of approximately 50% of the vehicles’ contract residual value at both March 31, 2025 and December 31, 2024.
The following table details our investment in operating leases.
($ in millions)March 31, 2025December 31, 2024
Vehicles$9,361 $9,519 
Accumulated depreciation(1,482)(1,528)
Investment in operating leases, net$7,879 $7,991 
The following table presents future minimum rental payments we have the right to receive under operating leases with noncancelable lease terms expiring after March 31, 2025.
($ in millions)
2025$985 
2026985 
2027476 
202856 
20295 
Total lease payments from operating leases$2,507 
We recognized operating lease revenue of $351 million and $356 million for the three months ended March 31, 2025, and March 31, 2024, respectively. Depreciation expense on operating lease assets includes net remarketing (losses) gains recognized on the sale of operating lease assets. The following table summarizes the components of depreciation expense on operating lease assets.
Three months ended March 31,
($ in millions)20252024
Depreciation expense on operating lease assets (excluding remarketing losses (gains)) (a)$221 $238 
Remarketing losses (gains), net19 (46)
Net depreciation expense on operating lease assets$240 $192 
(a)Includes variable lease payments related to excess mileage and excessive wear and tear on vehicles of $6 million and $4 million during the three months ended March 31, 2025, and 2024, 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 Condensed Consolidated Balance Sheet, was $482 million and $496 million as of March 31, 2025, and December 31, 2024, respectively. Interest income on finance lease receivables was $11 million for both the three months ended March 31, 2025, and 2024, and is included in interest and fees on finance receivables and loans in our Condensed Consolidated Statement of Comprehensive Income (Loss).
The following table presents future minimum rental payments we have the right to receive under finance leases with noncancelable lease terms expiring after March 31, 2025.
($ in millions)
2025$141 
2026162 
2027127 
202873 
202938 
2030 and thereafter15 
Total undiscounted cash flows556 
Difference between undiscounted cash flows and discounted cash flows(74)
Present value of lease payments recorded as lease receivable$482 
Leasing Leasing
Ally as the Lessee
We have operating leases for certain of our corporate facilities, which have remaining lease terms of 3 months to 6 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 three months ended March 31, 2025, and March 31, 2024, we paid $9 million and $8 million in cash for amounts included in the measurement of lease liabilities at March 31, 2025, and March 31, 2024, respectively. These amounts are included in net cash provided by operating activities in the Condensed Consolidated Statement of Cash Flows. During the three months ended March 31, 2025, and March 31, 2024, we obtained $5 million and $16 million, respectively, of ROU assets in exchange for new lease liabilities. As of March 31, 2025, the weighted-average remaining lease term of our operating lease portfolio was 3 years, and the weighted-average discount rate was 3.39%, compared to 3 years and 3.32% as of December 31, 2024.
The following table presents future minimum rental payments we are required to make under operating leases that have commenced as of March 31, 2025, and that have noncancelable lease terms expiring after March 31, 2025.
($ in millions)
2025$28 
202635 
202727 
202819 
20292 
2030 and thereafter1 
Total undiscounted cash flows112 
Difference between undiscounted cash flows and discounted cash flows(6)
Total lease liability$106 
The following table details the components of total net operating lease expense.
Three months ended March 31,
($ in millions)20252024
Operating lease expense$8 $7 
Variable lease expense1 1 
Total lease expense, net (a)$9 $8 
(a)Included in other operating expenses in our Condensed Consolidated Statement of Comprehensive Income (Loss).
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, tax credits, 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 Condensed Consolidated Statement of Comprehensive Income (Loss) 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. Neither the consumer, dealer, nor automotive manufacturer is responsible for the value of the vehicle at the time of lease termination. 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 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 residual value guarantees resulting in a gain or loss on remarketing, which is included in net depreciation expense on operating lease assets in our Condensed Consolidated Statement of Comprehensive Income (Loss). Excessive mileage or excessive wear and tear on the vehicle during the lease may impact the sales proceeds received upon remarketing. As of March 31, 2025, and December 31, 2024, consumer operating leases with a carrying value, net of accumulated depreciation, of $2.3 billion and $1.9 billion, respectively, were covered by OEM residual value guarantees. Substantially all were covered under a residual value guarantee of approximately 50% of the vehicles’ contract residual value at both March 31, 2025 and December 31, 2024.
The following table details our investment in operating leases.
($ in millions)March 31, 2025December 31, 2024
Vehicles$9,361 $9,519 
Accumulated depreciation(1,482)(1,528)
Investment in operating leases, net$7,879 $7,991 
The following table presents future minimum rental payments we have the right to receive under operating leases with noncancelable lease terms expiring after March 31, 2025.
($ in millions)
2025$985 
2026985 
2027476 
202856 
20295 
Total lease payments from operating leases$2,507 
We recognized operating lease revenue of $351 million and $356 million for the three months ended March 31, 2025, and March 31, 2024, respectively. Depreciation expense on operating lease assets includes net remarketing (losses) gains recognized on the sale of operating lease assets. The following table summarizes the components of depreciation expense on operating lease assets.
Three months ended March 31,
($ in millions)20252024
Depreciation expense on operating lease assets (excluding remarketing losses (gains)) (a)$221 $238 
Remarketing losses (gains), net19 (46)
Net depreciation expense on operating lease assets$240 $192 
(a)Includes variable lease payments related to excess mileage and excessive wear and tear on vehicles of $6 million and $4 million during the three months ended March 31, 2025, and 2024, 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 Condensed Consolidated Balance Sheet, was $482 million and $496 million as of March 31, 2025, and December 31, 2024, respectively. Interest income on finance lease receivables was $11 million for both the three months ended March 31, 2025, and 2024, and is included in interest and fees on finance receivables and loans in our Condensed Consolidated Statement of Comprehensive Income (Loss).
The following table presents future minimum rental payments we have the right to receive under finance leases with noncancelable lease terms expiring after March 31, 2025.
($ in millions)
2025$141 
2026162 
2027127 
202873 
202938 
2030 and thereafter15 
Total undiscounted cash flows556 
Difference between undiscounted cash flows and discounted cash flows(74)
Present value of lease payments recorded as lease receivable$482 
v3.25.1
Securitizations and Variable Interest Entities
 3 Months Ended
Mar. 31, 2025
Securitizations And Variable Interest Entities [Abstract]  
Securitizations and Variable Interest Entities Securitizations and Variable Interest Entities
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 Condensed Consolidated Balance Sheet. Additionally, we opportunistically sell consumer automotive and credit card whole-loans to SPEs where we have a continuing involvement.
VIEs are legal entities that either have an insufficient amount of equity at risk 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 control the entity’s activities that most significantly impact economic performance through voting or similar rights, or do not have the obligation to absorb the expected losses or the right to receive expected residual returns of the entity.
The VIEs included on the Condensed 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.
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 Condensed 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. We had no pretax gains or losses on sales of financial assets into nonconsolidated VIEs for both the three months ended March 31, 2025 and March 31, 2024.
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.
Refer to Note 1 and Note 11 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K for further description of our securitization activities and our involvement with VIEs.
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 the Condensed Consolidated Balance Sheet.
($ in millions)Carrying value of total assetsCarrying value of total liabilitiesAssets sold to nonconsolidated VIEs (a)Maximum exposure to loss in nonconsolidated VIEs
March 31, 2025
On‑balance sheet variable interest entities
Consumer automotive$12,043 (b)$1,485 (c)$— $— 
Off-balance sheet variable interest entities
Consumer automotive (d)81 (e)— 2,790 2,871 (f)
Consumer other (g)— — 77 77 
Commercial other2,829 (h)1,023 (i)— 3,514 (j)
Total$14,953 $2,508 $2,867 $6,462 
December 31, 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 (g)— — 86 86 
Commercial other2,768 (h)1,022 (i)— 3,482 (j)
Total$15,681 $2,705 $2,971 $6,545 
(a)Asset values represent the current unpaid principal balance of outstanding consumer automotive and credit card finance receivables and loans within the VIEs.
(b)Includes $8.1 billion and $8.2 billion of assets that were not encumbered by VIE beneficial interests held by third parties at March 31, 2025, and December 31, 2024, respectively. Ally or consolidated affiliates hold the interests in these assets.
(c)Includes $122 million and $118 million of liabilities that were not obligations to third-party beneficial interest holders at March 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 $77 million and $88 million were classified as held-to-maturity securities at March 31, 2025, and December 31, 2024, respectively, and $4 million were classified as other assets at both March 31, 2025, and December 31, 2024. 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)Includes balances from Ally Credit Card.
(h)Amounts are classified as other assets except for $49 million and $50 million classified as equity securities at March 31, 2025, and December 31, 2024, respectively.
(i)Amounts are classified as accrued expenses and other liabilities.
(j)For certain nonconsolidated affordable housing entities, maximum exposure to loss represents the yield we guaranteed investors through long-term guarantee contracts. The amount disclosed is based on the unlikely event that the yield delivered to investors in the form of LIHTCs is recaptured. For nonconsolidated equity investments, maximum exposure to loss represents our outstanding investment, additional committed capital, and LIHTCs subject to recapture. The amount disclosed is based on the unlikely event that our committed capital is funded, our investments become worthless, and the tax credits previously delivered to us are recaptured. This required disclosure is not an indication of our expected loss.
Cash Flows with Nonconsolidated Special-Purpose Entities
The following table summarizes cash flows received and paid related to SPEs and asset-backed financings where the transfer is accounted for as a sale and we have a continuing involvement with the transferred consumer automotive and credit card assets (for example, servicing) that were outstanding during the three months ended March 31, 2025, and March 31, 2024. Additionally, this table contains information regarding cash flows received from and paid to nonconsolidated SPEs that existed during each period.
Three months ended March 31,
($ in millions)20252024
Consumer automotive
Cash proceeds from transfers completed during the period$191 $1,281 
Servicing fees14 14 
Cash flows received on retained interests in securitization entities12 9 
Other cash flows1 1 
Consumer other (a)
Cash proceeds from transfers completed during the period8 12 
Servicing fees1 2 
Total$227 $1,319 
(a)Includes activity from Ally Credit Card.
Delinquencies and Net Credit Losses
The following tables present quantitative information about off-balance sheet securitizations and whole-loan sales where we have continuing involvement.
Total amountAmount 60 days or more past due
($ in millions)March 31, 2025December 31, 2024March 31, 2025December 31, 2024
Off-balance-sheet securitization entities
Consumer automotive$1,525 $1,730 $20 $22 
Whole-loan sales (a)
Consumer automotive1,265 1,155 78 83 
Consumer other77 86 9 10 
Total$2,867 $2,971 $107 $115 
(a)Whole-loan sales are not part of a securitization transaction, but represent consumer automotive and credit card pools of loans sold to third-party investors.
Net credit losses
Three months ended March 31,
($ in millions)20252024
Off-balance-sheet securitization entities
Consumer automotive$5 $4 
Whole-loan sales (a)
Consumer automotive23 16 
Consumer other7 12 
Total$35 $32 
(a)Whole-loan sales are not part of a securitization transaction, but represent consumer automotive and credit card pools of loans sold to third-party investors
v3.25.1
Other Assets
 3 Months Ended
Mar. 31, 2025
Other Assets [Abstract]  
Other Assets Other Assets
The components of other assets were as follows.
($ in millions)March 31, 2025December 31, 2024
Property and equipment at cost$2,212 $2,226 
Accumulated depreciation(989)(973)
Net property and equipment1,223 1,253 
Proportional amortization investments (a) (b)2,168 2,131 
Net deferred tax assets1,946 1,916 
Other accounts receivable (c)1,710 312 
Accrued interest, fees, and rent receivables (d)889 929 
Nonmarketable equity investments786 789 
Restricted cash and cash equivalents (e)726 788 
Equity-method investments (f)665 632 
Restricted cash held for securitization trusts (g)282 300 
Goodwill190 551 
Operating lease right-of-use assets88 92 
Net intangible assets— 54 
Other assets872 913 
Total other assets (h)$11,545 $10,660 
(a)Proportional amortization investments includes qualifying LIHTC, NMTC, and HTC investments.
(b)Presented gross of the associated unfunded commitment. Refer to Note 14 for further information.
(c)Includes a receivable related to the balance sheet repositioning of our available-for-sale securities portfolio as of March 31, 2025. Refer to Note 7 for additional information.
(d)Primarily relates to accrued interest, fees, and rent receivables related to our consumer automotive and commercial automotive finance receivables and loans.
(e)Primarily represents restricted cash equivalents funded through the issuance of credit-linked notes. Additionally, includes a number of arrangements with third parties where certain restrictions are placed on balances we hold due to collateral agreements associated with operational processes with a third-party bank, partner, or letter of credit arrangements and corresponding collateral requirements. Refer to Note 18 for further information about the issuance of credit-linked notes.
(f)Primarily relates to investments made in connection with our CRA program.
(g)Includes restricted cash collected from customer payments on securitized receivables, which are distributed by us to investors as payments on the related secured debt, and cash reserve deposits utilized as a form of credit enhancement for various securitization transactions.
(h)Excludes operations held-for-sale. Ally Credit Card other assets were transferred to assets of operations held-for-sale as of March 31, 2025. Refer to Note 2 for additional information.
The following table summarizes information about our proportional amortization investments.
Three months ended March 31,
($ in millions)20252024
Tax credits and other tax benefits from proportional amortization investments (a) (b)$56 $39 
Investment amortization expense recognized as a component of income tax expense (a)45 32 
Net benefit from proportional amortization investments (a)$11 $7 
(a)Amounts are included within income tax (benefit) expense from continuing operations on our Condensed Consolidated Statement of Comprehensive Income (Loss) and as a component of operating activities within deferred income taxes, other assets, and other liabilities on our Condensed Consolidated Statement of Cash Flows.
(b)There were no impairment losses recognized during the three months ended March 31, 2025, and March 31, 2024, resulting from the forfeiture or ineligibility of tax credits or other circumstances.
Our proportional amortization investments were $2.2 billion and $2.1 billion at March 31, 2025, and December 31, 2024, respectively, and are included within other assets on our Condensed Consolidated Balance Sheet. Additionally, unfunded commitments to provide additional capital to proportional amortization investments were $1.0 billion at both March 31, 2025, and December 31, 2024, and are included within accrued expenses and other liabilities on our Condensed Consolidated Balance Sheet. Substantially all of the unfunded commitments at March 31, 2025, are expected to be paid out within the next five years.
The total carrying value of the nonmarketable equity investments held at March 31, 2025, and December 31, 2024, including cumulative unrealized gains and losses, was as follows.
($ in millions)March 31, 2025December 31, 2024
FRB stock$413 $440 
FHLB stock280 258 
Equity investments without a readily determinable fair value
Cost basis76 74 
Adjustments
Upward adjustments53 53 
Downward adjustments (including impairment)(36)(36)
Carrying amount, equity investments without a readily determinable fair value93 91 
Nonmarketable equity investments$786 $789 
During the three months ended March 31, 2025, and March 31, 2024, unrealized gains and losses included in the carrying value of the nonmarketable equity investments still held as of March 31, 2025, and March 31, 2024, were as follows.
Three months ended March 31,
($ in millions)20252024
Upward adjustments$— $1 
Downward adjustments (including impairment) (a)$— $— 
(a)No impairment on FHLB and FRB stock was recognized during the three months ended March 31, 2025, and March 31, 2024.
The carrying balance of goodwill by reportable operating segment was as follows.
($ 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— — (56)(56)
Goodwill at March 31, 2025
$20 $27 $143 $190 
(a)Includes $143 million of goodwill associated with Ally Invest at both March 31, 2025 and December 31, 2024 and $361 million of goodwill associated with Ally Credit Card at December 31, 2024.
During the year ended December 31, 2024, we recognized a $118 million goodwill impairment charge when we began exploring strategic alternatives for Ally Credit Card, which resulted in a triggering event for goodwill impairment. As a result, we performed a quantitative impairment test using a combination of valuation methodologies, including an income approach and a market approach, to determine the fair market value of Ally Credit Card as of the valuation date, November 30, 2024, which resulted in the impairment charge in the fourth quarter of 2024.
During the three months ended March 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 Condensed Consolidated Balance Sheet. Subsequent to the impairment charge, the goodwill balance of $56 million was transferred to assets of operations held-for-sale on the Condensed Consolidated Balance Sheet as of March 31, 2025. We closed the sale of Ally Credit Card on April 1, 2025. For additional information, refer to Note 2.
The net carrying value of intangible assets by class was as follows.
March 31, 2025December 31, 2024
($ 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 (a)$80 $(80)$— $185 $(131)$54 
(a)Excludes $98 million of gross intangible assets and $47 million of accumulated amortization related to technology and purchased credit card relationships that were transferred to assets of operations held-for-sale related to Ally Credit Card as of March 31, 2025. Refer to Note 2 for additional information.
v3.25.1
Deposit Liabilities
 3 Months Ended
Mar. 31, 2025
Deposits [Abstract]  
Deposit Liabilities Deposit Liabilities
Deposit liabilities consisted of the following.
($ in millions)March 31, 2025December 31, 2024
Noninterest-bearing deposits$133 $131 
Interest-bearing deposits
Savings, money market, and spending accounts108,836 104,201 
Certificates of deposit42,459 47,242 
Total deposit liabilities$151,428 $151,574 
At March 31, 2025, and December 31, 2024, certificates of deposit included $6.5 billion and $6.8 billion, respectively, of those in denominations in excess of $250 thousand.
v3.25.1
Debt
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Debt Debt
Short-Term Borrowings
The following table presents the composition of our short-term borrowings portfolio.
March 31, 2025December 31, 2024
($ in millions)
Unsecured
Secured (a)
Total
Unsecured
Secured (a)
Total
Federal Home Loan Bank
$— $2,450 $2,450 $— $1,625 $1,625 
Securities sold under agreements to repurchase
— 889 889 — — — 
Total short-term borrowings$— $3,339 $3,339 $— $1,625 $1,625 
(a)Refer to the section below titled Long-Term Debt for further details on assets restricted as collateral for payment of the related debt.
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 March 31, 2025, the securities sold under agreements to repurchase consisted of $889 million in U.S. Treasury securities. The repurchase agreements were set to mature within 30 days.
The primary risk associated with these repurchase agreements is that the counterparty will be unable to perform under the terms of the contract. As the borrower, we are exposed to the excess market value of the securities pledged over the amount borrowed. Daily mark-to-market collateral management is designed to limit this risk to the initial margin. However, should a counterparty declare bankruptcy or become insolvent, we may incur additional delays and costs. In some instances, we may place or receive cash collateral with counterparties under collateral arrangements associated with our repurchase agreements. As of March 31, 2025, we did not place or receive any cash collateral related to repurchase agreements.
Long-Term Debt
The following table presents the composition of our long-term debt portfolio.
March 31, 2025December 31, 2024
($ in millions)UnsecuredSecuredTotalUnsecuredSecuredTotal
Long-term debt (a)
Due within one year$1,968 $2,460 $4,428 $2,408 $2,411 $4,819 
Due after one year8,610 3,427 12,037 8,654 4,022 12,676 
Total long-term debt (b)$10,578 $5,887 $16,465 $11,062 $6,433 $17,495 
(a)Includes basis adjustments related to the application of hedge accounting. Refer to Note 19 for additional information.
(b)Includes advances from the FHLB of Pittsburgh of $3.9 billion and $4.2 billion at March 31, 2025, and December 31, 2024, respectively.
The following table presents the scheduled remaining maturity of long-term debt at March 31, 2025, assuming no early redemptions will occur. The amounts below include adjustments to the carrying value resulting from the application of hedge accounting. The actual payment of secured debt may vary based on the payment activity of the related pledged assets.
($ in millions)202520262027202820292030 and thereafter
Total
Unsecured
Long-term debt
$1,956 $151 $1,622 $874 $1,029 $5,691 $11,323 
Original issue discount
(56)(82)(94)(107)(123)(283)(745)
Total unsecured
1,900 69 1,528 767 906 5,408 10,578 
Secured
Long-term debt
1,872 2,153 1,402 400 41 19 5,887 
Total long-term debt
$3,772 $2,222 $2,930 $1,167 $947 $5,427 $16,465 
The following table summarizes assets restricted as collateral for the payment of the related debt obligation.
($ in millions)March 31, 2025December 31, 2024
Consumer automotive finance receivables$37,560 $38,316 
Consumer mortgage finance receivables16,997 17,269 
Commercial finance receivables6,755 6,297 
Investment securities (amortized cost of $3,657 and $2,822) (a)
3,810 2,946 
Other assets (b)599 669 
Total assets restricted as collateral (c) (d)$65,721 $65,497 
Secured debt (e)$9,226 $8,058 
(a)A portion of the restricted investment securities at March 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 11 and Note 18 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 $26.7 billion and $26.5 billion at March 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 March 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 $3.3 billion and $1.6 billion of short-term borrowings at March 31, 2025, and December 31, 2024, respectively.
v3.25.1
Accrued Expenses and Other Liabilities
 3 Months Ended
Mar. 31, 2025
Accounts Payable and Accrued Liabilities [Abstract]  
Accrued Expenses and Other Liabilities Accrued Expenses and Other Liabilities
The components of accrued expenses and other liabilities were as follows.
($ in millions)
March 31, 2025December 31, 2024
Accounts payable (a)$1,166 $505 
Unfunded commitments for proportional amortization investments (b)1,022 1,019 
Reserves for insurance losses and loss adjustment expenses (c)268 189 
Employee compensation and benefits232 424 
Deferred revenue125 122 
Operating lease liabilities106 111 
Other liabilities396 444 
Total accrued expenses and other liabilities (d)$3,315 $2,814 
(a)Includes payables related to the balance sheet repositioning of our available-for-sale securities portfolio as of March 31, 2025. Refer to Note 7 for additional information.
(b)Primarily relates to unfunded commitments for investments in qualified affordable housing projects.
(c)Refer to Note 5 for further information.
(d)Excludes Ally Credit Card accrued expenses and other liabilities, which were transferred to liabilities of operations held-for-sale as of March 31, 2025. Refer to Note 2 for additional information.
v3.25.1
Preferred Stock
 3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Preferred Stock Preferred Stock
The following table summarizes information about our preferred stock. For additional information regarding our preferred stock, refer to Note 17 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K.
March 31, 2025December 31, 2024
Series B preferred stock (a)
Issuance dateApril 22, 2021April 22, 2021
Carrying value ($ 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$1,000
Number of shares authorized1,000,0001,000,000
Number of shares issued and outstanding1,000,0001,000,000
Dividend/coupon
Prior to May 15, 20284.700%4.700%
On and after May 15, 2028
Seven Year Treasury + 3.481%
Seven Year Treasury + 3.481%
(a)We may, at our option, redeem the Series B and Series C shares on any dividend payment date on or after May 15, 2026, or May 15, 2028, respectively, or at any time within 90 days following a regulatory event that precludes the instruments from being included in additional Tier 1 capital.
v3.25.1
Accumulated Other Comprehensive Loss
 3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss
The following table presents changes, net of tax, in each component of accumulated other comprehensive loss.
Investment securities
($ in millions)
Available-
for-sale securities (a)		Held-to-maturity securitiesTranslation adjustments and net investment hedges (b)Cash flow hedges (b)Accumulated other comprehensive loss
Balance at January 1, 2024$(3,146)$(682)$21 $(9)$(3,816)
Net change(171)15 (1)(16)(173)
Balance at March 31, 2024$(3,317)$(667)$20 $(25)$(3,989)
Balance at January 1, 2025$(3,307)$(616)$20 $(21)$(3,924)
Net change642 15 — 5 662 
Balance at March 31, 2025$(2,665)$(601)$20 $(16)$(3,262)
(a)Represents the after-tax difference between the fair value and amortized cost of our available-for-sale securities portfolio. Refer to Note 7 for additional information.
(b)For additional information on derivative instruments and hedging activities, refer to Note 19.
The following tables present the before- and after-tax changes in each component of accumulated other comprehensive loss.
Three months ended March 31, 2025 ($ in millions)
Before taxTax effectAfter tax
Investment securities
Available-for-sale securities
Net unrealized gains arising during the period$346 $(81)$265 
Less: Net realized losses reclassified to income from continuing operations(495)(a)118 (b)(377)
Net change841 (199)642 
Held-to-maturity securities
Less: Amortization of amounts previously recorded upon transfer from available-for-sale(20)(c)5 (b)(15)
Cash flow hedges (d)
Less: Net realized losses reclassified to income from continuing operations(7)(e)2 (b)(5)
Net change7 (2)5 
Other comprehensive income$868 $(206)$662 
(a)Includes losses reclassified to other (loss) gain on investments, net in our Condensed Consolidated Statement of Comprehensive Income (Loss) related to the balance sheet repositioning of our available-for-sale securities portfolio. Refer to Note 7 for additional information.
(b)Includes amounts reclassified to income tax expense from continuing operations in our Condensed Consolidated Statement of Comprehensive Income (Loss).
(c)Includes amounts reclassified to interest and dividends on investment securities and other earning assets in our Condensed Consolidated Statement of Comprehensive Income (Loss).
(d)For additional information on derivative instruments and hedging activities, refer to Note 19.
(e)Includes losses reclassified to interest and fees on finance receivables and loans in our Condensed Consolidated Statement of Comprehensive Income (Loss).
Three months ended March 31, 2024 ($ in millions)
Before taxTax effectAfter tax
Investment securities
Available-for-sale securities
Net unrealized losses arising during the period$(223)$53 $(170)
Less: Net realized gains reclassified to income from continuing operations1(a)— (b)1
Net change(224)53 (171)
Held-to-maturity securities
Less: Amortization of amounts previously recorded upon transfer from available-for-sale(20)(c)5 (b)(15)
Translation adjustments
Net unrealized losses arising during the period(5)1 (4)
Net investment hedges (d)
Net unrealized gains arising during the period4 (1)3 
Cash flow hedges (d)
Net unrealized losses arising during the period(22)5 (17)
Less: Net realized losses reclassified to income from continuing operations(1)(e)— (b)(1)
Net change(21)5 (16)
Other comprehensive loss$(226)$53 $(173)
(a)Includes gains reclassified to other (loss) gain on investments, net in our Condensed Consolidated Statement of Comprehensive Income (Loss).
(b)Includes amounts reclassified to income tax expense from continuing operations in our Condensed Consolidated Statement of Comprehensive Income (Loss).
(c)Includes amounts reclassified to interest and dividends on investment securities and other earning assets in our Condensed Consolidated Statement of Comprehensive Income (Loss).
(d)For additional information on derivative instruments and hedging activities, refer to Note 19.
(e)Includes losses reclassified to interest and fees on finance receivables and loans in our Condensed Consolidated Statement of Comprehensive Income (Loss).
v3.25.1
Earnings per Common Share
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Earnings per Common Share Earnings per Common Share
The following table presents the calculation of basic and diluted earnings per common share.
Three months ended March 31,
($ in millions, except per share data; shares in thousands) (a)
20252024
Net (loss) income from continuing operations$(225)$143 
Preferred stock dividends — Series B(16)(16)
Preferred stock dividends — Series C(12)(12)
Net (loss) income from continuing operations attributable to common shareholders$(253)$115 
Net (loss) income attributable to common shareholders$(253)$115 
Basic weighted-average common shares outstanding (b)309,006 306,003 
Diluted weighted-average common shares outstanding (b) (c)309,006 308,421 
Basic earnings per common share
Net (loss) income from continuing operations$(0.82)$0.38 
Net (loss) income$(0.82)$0.38 
Diluted earnings per common share
Net (loss) income from continuing operations$(0.82)$0.37 
Net (loss) income$(0.82)$0.37 
(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.
(c)Due to the antidilutive effect of the net loss from continuing operations for the three months ended March 31, 2025, basic weighted-average common shares outstanding was used to calculate basic and diluted earnings per share. During the three months ended March 31, 2025, there were 2.7 million in share-based awards excluded because their inclusion would have been antidilutive.
v3.25.1
Regulatory Capital and Other Regulatory Matters
 3 Months Ended
Mar. 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), and (6) exempted from the requirements of the supplementary leverage ratio, the countercyclical capital buffer, and single-counterparty credit limits. 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 stock 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 March 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 March 31, 2025, and December 31, 2024, Ally had $3.3 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 16 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 March 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, insured depository institutions 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 $3.9 billion at March 31, 2025, which represented 2.6% of total deposit liabilities.
The following table summarizes our capital ratios under U.S. Basel III.
March 31, 2025
December 31, 2024
Required minimum (a)Well-capitalized minimum
($ in millions)AmountRatioAmountRatio
Capital ratios
Common Equity Tier 1 (to risk-weighted assets)
Ally Financial Inc.$14,607 9.50 %$15,058 9.82 %4.50 %(b)
Ally Bank17,258 11.97 17,229 11.94 4.50 6.50 %
Tier 1 (to risk-weighted assets)
Ally Financial Inc.$16,863 10.97 %$17,324 11.30 %6.00 %6.00 %
Ally Bank17,258 11.97 17,229 11.94 6.00 8.00 
Total (to risk-weighted assets)
Ally Financial Inc.$19,717 12.83 %$20,182 13.16 %8.00 %10.00 %
Ally Bank19,080 13.23 19,052 13.21 8.00 10.00 
Tier 1 leverage (to adjusted quarterly average assets) (c)
Ally Financial Inc.$16,863 8.73 %$17,324 8.92 %4.00 %(b)
Ally Bank17,258 9.46 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 March 31, 2025, and December 31, 2024, and Ally Bank was required to maintain a minimum capital conservation buffer of 2.5% at both March 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 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K 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. The proposal would replace the current “advanced approaches” with a new expanded risk-based approach based on new standardized approaches for credit risk, operational risk and credit valuation adjustment risk, and would significantly revise risk-based capital requirements for all banking institutions with assets of $100 billion or more, including Ally and Ally Bank. Significantly, the proposed rule requires 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. Under the proposed rule, a three-year transition period from July 1, 2025, to June 30, 2028, would apply to the recognition of accumulated other comprehensive income and loss in regulatory capital and the use of the expanded risk-based approach. The phase-in of accumulated other comprehensive income and loss is 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 the proposed transition period. The FRB has indicated that it expects to work with the other U.S. banking agencies on a revised proposal in 2025.
In August 2023, the U.S. banking agencies issued a proposed rule to improve the resolvability of Category IV firms, like Ally. The proposed rule would require Category II, III, and IV firms, their large consolidated banks, and other institutions to issue and maintain minimum amounts of eligible long-term debt in an amount that is the greater of (i) 6 percent of total RWAs, (ii) 3.5 percent of average total consolidated assets, and (iii) 2.5 percent of total leverage exposure. CIDIs, like Ally Bank, that are consolidated subsidiaries of covered entities, like Ally, would be required to issue eligible long-term debt internally to a company that consolidates the CIDI, which would in turn be required to purchase that long-term debt. Only long-term debt instruments that are most readily able to absorb losses in a resolution proceeding would qualify, and the operations of covered entities would be subject to clean-holding-company requirements such as prohibitions and limitations on their liabilities to unaffiliated entities. Under the proposed rule, a transition period would apply with 25, 50, and 100 percent of the long-term-debt requirements coming into effect by the end of the first, second, and third years, respectively, after finalization of the rule. We are still assessing the impact of this proposed rule but, due to the current structure and amount of debt instruments issued by Ally and Ally Bank, we expect it 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 be effective beginning with the stress capital buffer requirement from the 2025 supervisory stress test, which would average the stress capital decline components from the 2024 and 2025 supervisory stress tests for applicable firms. The FRB also indicated its intent to propose additional changes later in 2025 to improve the transparency of its supervisory stress tests, including disclosure for public comment on its underlying models and hypothetical scenarios for 2026 supervisory stress tests.
Whether and when final rules related to these 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.
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. In June 2024 and November 2024, we accessed the debt capital markets and issued $330 million and $440 million, respectively, of credit-linked notes based on reference portfolios of $3.0 billion and $4.0 billion of consumer automotive loans. The proceeds from these credit-linked notes issuances constitute prefunded credit protection for mezzanine tranches of the respective reference portfolio and are recognized as restricted cash and cash equivalents in other assets on our Condensed Consolidated Balance Sheet. These transactions are structured to enable us to apply the securitization framework under U.S. Basel III when determining RWA for our retained exposure, which recognizes the credit risk mitigation benefits and generally provides lower risk weights relative to those assigned to consumer automotive loans that are not securitized.
Our ability to make capital distributions, including our ability to pay dividends or repurchase shares of our common stock, will continue to be subject to the FRB’s review and our internal governance requirements, including approval by our Board. The amount and size of any future dividends and share repurchases also will be subject to various factors, including Ally’s capital and liquidity positions, accounting and regulatory considerations (including any restrictions that may be imposed by the FRB and any changes to capital, liquidity, and other regulatory requirements that may be proposed or adopted by the U.S. banking agencies), the taxation of share repurchases, financial and operational performance, alternative uses of capital, common-stock price, and general market conditions, and may be extended, modified, or discontinued at any time.
The following table presents information related to our common stock and distributions to our common shareholders.
Common stock repurchased during period (a) (b)Number of common shares outstandingCash dividends declared per common share (c)
($ 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 
(a)Includes shares of common stock withheld to cover income taxes owed by participants in our share-based incentive plans.
(b)Since the commencement of our initial stock-repurchase program in the third quarter of 2016, we have reduced the number of outstanding shares of our common stock by 37%, from 484 million as of June 30, 2016, to 307 million as of March 31, 2025. Except for repurchases made of shares withheld to cover income taxes owed by participants in our share-based incentive plans, we did not make any common-stock repurchases in 2024 or the first quarter of 2025, and at this time, the Board has not authorized a stock-repurchase program for 2025.
(c)On April 15, 2025, our Board declared a quarterly cash dividend of $0.30 per share on all common stock payable on May 15, 2025, to shareholders of record at the close of business on May 1, 2025.
v3.25.1
Derivative Instruments and Hedging Activities
 3 Months Ended
Mar. 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, interest rate caps, 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 caps and floors, 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 three months ended March 31, 2025, or March 31, 2024.
We placed cash and noncash collateral with counterparties totaling $1 million and $409 million, respectively, supporting our derivative positions at March 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 Condensed 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 $2 million and $11 million at March 31, 2025, and December 31, 2024, respectively. These amounts exclude cash and noncash collateral pledged under repurchase agreements. The payables for cash collateral received are included on our Condensed Consolidated Balance Sheet in accrued expenses and other liabilities.
Balance Sheet Presentation
The following table summarizes the amounts of derivative instruments reported on our Condensed Consolidated Balance Sheet. The amounts are presented on a gross basis, are segregated by derivatives that are designated and qualifying as hedging instruments or those that are not, and are further segregated by type of contract within those two categories.
Derivative contracts in a receivable and payable position exclude open trade equity on derivatives cleared through central clearing counterparties. Any associated margin exchanged with our central clearing counterparties are treated as settlements of the derivative exposure, rather than collateral. Such payments are recognized as settlements of the derivatives contracts in a receivable and payable position on our Condensed Consolidated Balance Sheet.
Notional amounts are reference amounts from which contractual obligations are derived and are not recorded on the balance sheet. In our view, derivative notional is not an accurate measure of our derivative exposure when viewed in isolation from other factors, such as market rate fluctuations and counterparty credit risk.
March 31, 2025December 31, 2024
Derivative contracts in a
Notional amount
Derivative contracts in a
Notional amount
($ in millions)
receivable position
payable position
receivable position
payable position
Derivatives designated as accounting hedges
Interest rate contracts
Swaps
$— $— $35,007 $— $— $33,300 
Purchased options
2 — 6,150 2 — 6,150 
Foreign exchange contracts
Forwards
— — 171 8 — 170 
Total derivatives designated as accounting hedges
2 — 41,328 10 — 39,620 
Derivatives not designated as accounting hedges
Interest rate contracts
Forwards— — 34 — — 109 
Written options
— — 7 1 — 63 
Total interest rate risk
— — 41 1 — 172 
Foreign exchange contracts
Forwards— — 43 1 — 47 
Total foreign exchange risk— — 43 1 — 47 
Credit contracts
Credit-linked note derivatives— — 599 — — 669 
Other credit derivatives (a)— 4 n/a— 4 n/a
Total credit risk— 4 599 — 4 669 
Total derivatives not designated as accounting hedges
— 4 683 2 4 888 
Total derivatives
$2 $4 $42,011 $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 $7 million and $10 million as of March 31, 2025, and December 31, 2024, respectively.
The following table presents amounts recorded on our Condensed 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)
($ in millions)
March 31, 2025December 31, 2024March 31, 2025December 31, 2024March 31, 2025December 31, 2024
Assets
Available-for-sale securities (b)$15,785 $15,194 $(84)$(248)$(100)$(132)
Finance receivables and loans, net (c)41,802 34,493 (19)(51)(7)(10)
Liabilities
Long-term debt$5,378 $5,987 $86 $88 $86 $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 March 31, 2025, and December 31, 2024, the amortized cost basis and unallocated basis adjustments of the closed portfolios used in these hedging relationships was $14.2 billion and $13.9 billion, respectively, of which $14.0 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 March 31, 2025, and December 31, 2024, the total cumulative basis adjustments associated with these hedging relationships was a $88 million liability and a $209 million liability, respectively, of which the portion related to discontinued hedging relationships was a $99 million liability and a $103 million liability, respectively. At both March 31, 2025, and December 31, 2024, the notional amounts of the designated hedged items were $12.0 billion, with cumulative basis adjustments of an $11 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 7 for a reconciliation of the amortized cost 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 March 31, 2025, and December 31, 2024, the carrying value of the closed portfolios used in these hedging relationships was $41.8 billion and $34.5 billion, respectively, of which $40.9 billion and $33.4 billion, respectively, represents the carrying value of closed portfolios designated in an active hedge relationship. At March 31, 2025, and December 31, 2024, the total cumulative basis adjustments associated with these hedging relationships was a $19 million liability and a $51 million liability, respectively, of which the portion related to discontinued hedging relationships was a $7 million liability and a $10 million liability, respectively. At March 31, 2025, and December 31, 2024, the notional amounts of the designated hedged items were $21.6 billion and $20.1 billion, respectively, with cumulative basis adjustments of a $12 million liability and a $41 million liability, respectively, which would be allocated across the entire remaining closed pool upon dedesignation of the hedge relationship.
Statement of Income Presentation
The following table summarizes the location and amounts of gains and losses on derivative instruments not designated as accounting hedges reported in our Condensed Consolidated Statement of Comprehensive Income (Loss).
Three months ended March 31,
($ in millions)20252024
Gain recognized in earnings
Interest rate contracts
Gain on mortgage and automotive loans, net$1 $5 
Total interest rate contracts1 5 
Foreign exchange contracts
Other operating expenses— 1 
Total foreign exchange contracts
— 1 
Total gain recognized in earnings$1 $6 
The following table summarizes the location and amounts of gains and losses on derivative instruments designated as qualifying fair value and cash flow hedges reported in our Condensed Consolidated Statement of Comprehensive Income (Loss).
Interest and fees on finance receivables and loansInterest and dividends on investment securities and other earning assetsInterest on long-term debt
Three months ended March 31, ($ in millions)
202520242025202420252024
Gain (loss) on fair value hedging relationships
Interest rate contracts 
Hedged available-for-sale securities$— $— $130 $(205)$— $— 
Derivatives designated as hedging instruments on available-for-sale securities— — (130)205 — — 
Hedged fixed-rate consumer automotive loans29 (94)— — — — 
Derivatives designated as hedging instruments on fixed-rate consumer automotive loans(29)94 — — — — 
Total gain on fair value hedging relationships— — — — — — 
Loss on cash flow hedging relationships
Interest rate contracts
Hedged variable-rate commercial loans
Reclassified from accumulated other comprehensive loss into income(7)(1)— — — — 
Total loss on cash flow hedging relationships$(7)$(1)$— $— $— $— 
Total amounts presented in the Condensed Consolidated Statement of Comprehensive Income (Loss)
$2,709 $2,827 $230 $266 $271 $248 
During the next 12 months, we estimate $31 million of losses will be reclassified into pretax earnings from derivatives designated as cash flow hedges.
The following table summarizes the location and amounts of gains and losses related to interest and amortization on derivative instruments designated as qualifying fair value and cash flow hedges reported in our Condensed Consolidated Statement of Comprehensive Income (Loss).
Interest and fees on finance receivables and loansInterest and dividends on investment securities and other earning assetsInterest on long-term debt
Three months ended March 31, ($ in millions)
202520242025202420252024
Gain on fair value hedging relationships
Interest rate contracts
Amortization of deferred unsecured debt basis adjustments$— $— $— $— $2 $2 
Amortization of deferred secured debt basis adjustments (FHLB advances)— — — — — 1 
Amortization of deferred basis adjustments of available-for-sale securities— — 5 6 — — 
Interest for qualifying accounting hedges of available-for-sale securities— — 17 48 — — 
Amortization of deferred loan basis adjustments2 5 — — — — 
Interest for qualifying accounting hedges of consumer automotive loans held for investment19 82 — — — — 
Total gain on fair value hedging relationships$21 $87 $22 $54 $2 $3 
The following table summarizes the effect of cash flow hedges on accumulated other comprehensive loss.
Three months ended March 31,
($ in millions)20252024
Interest rate contracts
Gain (loss) recognized in other comprehensive income (loss)$7 $(21)
The following table summarizes the effect of net investment hedges on accumulated other comprehensive loss.
Three months ended March 31,
($ in millions)20252024
Foreign exchange contracts (a) (b)
Gain recognized in other comprehensive income (loss)$— $4 
(a)There were no amounts excluded from effectiveness testing for the three months ended March 31, 2025, or 2024.
(b)Gains and losses reclassified from accumulated other comprehensive loss are reported as other income, net of losses, in the Condensed Consolidated Statement of Comprehensive Income (Loss). There were no amounts reclassified for the three months ended March 31, 2025, or 2024.
v3.25.1
Income Taxes
 3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
We recognized total income tax benefit from continuing operations of $59 million for the three months ended March 31, 2025, compared to income tax expense of $40 million for the same period in 2024. The decrease in income tax expense for the three months ended March 31, 2025, compared to the same period in 2024, was primarily attributable to the tax effects of a loss on investments recognized as a result of our balance sheet repositioning of a portion of our available-for-sale securities during the three months ended March 31, 2025.
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.
v3.25.1
Fair Value
 3 Months Ended
Mar. 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, caps, floors, 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 Condensed 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
March 31, 2025 ($ in millions)
Level 1Level 2Level 3Total
Assets
Investment securities
Equity securities (a) (b)$892 $— $— $892 
Available-for-sale securities
Debt securities
U.S. Treasury and federal agencies
2,086 — — 2,086 
U.S. States and political subdivisions
— 575 35 610 
Foreign government34 165 — 199 
Agency mortgage-backed residential
— 12,687 — 12,687 
Mortgage-backed residential
— 205 — 205 
Agency mortgage-backed commercial— 4,671 — 4,671 
Asset-backed— 74 — 74 
Corporate debt
— 1,814 — 1,814 
Total available-for-sale securities2,120 20,191 35 22,346 
Loans held-for-sale (c)— 3 3 6 
Other assets
Derivative contracts in a receivable position
Interest rate— 2 — 2 
Total derivative contracts in a receivable position— 2 — 2 
Total assets$3,012 $20,196 $38 $23,246 
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 11%. The concentration calculation excludes our investment in mutual funds and ETFs.
(b)Excludes $50 million of equity securities that are measured at fair value using the net asset value practical expedient and therefore are not classified in the fair value hierarchy.
(c)Consumer mortgage loans carried at fair value due to fair value option elections.
Recurring fair value measurements
December 31, 2024 ($ 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 currency— 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%. The concentration calculation excludes our investment in mutual funds and ETFs.
(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 $— 
Net realized/unrealized gains
Included in earnings— — — — — — 
Included in OCI— — — — — — 
Purchases and originations— — — 2 8 — 
Sales— — — — (10)— 
Issuances— — — — — — 
Settlements— — — — — — 
Transfers into Level 3— — — — — — 
Transfers out of Level 3— (1)— — — — 
Fair value at March 31,$— $— $35 $11 $3 $— 
Net unrealized gains still held at March 31,
Included in earnings$— $— $— $— $— $— 
Included in OCI— — — — — — 
(a)Consumer mortgage loans carried at fair value due to fair value option elections.
Derivative liabilities, net of derivative assets (a)
($ in millions)20252024
Liabilities
Fair value at January 1,$3 $8 
Net realized/unrealized gains
Included in earnings(1)(4)
Included in OCI— — 
Purchases and originations— — 
Sales— — 
Issuances— — 
Settlements— — 
Transfers into Level 3— — 
Transfers out of Level 3 (b)2 4 
Fair value at March 31, $4 $8 
Net unrealized gains still held at March 31,
Included in earnings$— $(2)
Included in OCI— — 
(a)Net realized/unrealized gains are reported as gain on mortgage and automotive loans, net, and other income, net of losses, in the Condensed Consolidated Statement of Comprehensive Income (Loss).
(b)Represents the settlement value of interest rate derivative assets that are transferred to loans held-for-sale within Level 2 of the fair value hierarchy during both the three months ended March 31, 2025, and March 31, 2024. These transfers are deemed to have occurred at the end of the reporting period.
Nonrecurring Fair Value
We may be required to measure certain assets and liabilities at fair value from time to time. These periodic fair value measures typically result from the application of lower-of-cost or fair value accounting or certain impairment measures. These items would constitute nonrecurring fair value measures.
The following tables display assets and liabilities measured at fair value on a nonrecurring basis and still held at March 31, 2025, and December 31, 2024, respectively. The amounts are generally as of the end of each period presented, which approximate the fair value measurements that occurred during each period. These tables exclude operations held-for-sale, refer to Note 2 for additional information.
Nonrecurring fair value measurements
Lower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustments
Total gain (loss) included in earnings
March 31, 2025 ($ in millions)
Level 1
Level 2
Level 3
Total
Assets
Loans held-for-sale, net$— $— $203 $203 $— n/m(a)
Commercial finance receivables and loans, net (b)
Automotive
— — 77 77 (16)n/m(a)
Other
— — 21 21 (67)n/m(a)
Total commercial finance receivables and loans, net
— — 98 98 (83)n/m(a)
Other assets
Repossessed and foreclosed assets (c)— — 10 10 (2)n/m(a)
Total assets
$— $— $311 $311 $(85)n/m
n/m = not meaningful
(a)We consider the applicable valuation allowance, allowance for loan losses, or cumulative adjustments to be the most relevant indicator of the impact on earnings caused by the fair value measurement. Accordingly, the table above excludes total gains and losses included in earnings for these items. The carrying values are inclusive of the respective valuation reserve, loan loss allowance, or cumulative adjustment.
(b)Represents collateral-dependent loans held for investment for which a nonrecurring measurement was made. The related allowance for loan losses represents the cumulative fair value adjustments for those specific receivables.
(c)The allowance provided for repossessed and foreclosed assets represents any cumulative valuation adjustment recognized to adjust the assets to fair value.
Nonrecurring fair value measurementsLower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustmentsTotal gain (loss) included in earnings
December 31, 2024 ($ 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 allowance, 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 $118 million impairment of goodwill at Ally Credit Card. Refer to Note 11 for further discussion.
(d)The allowance provided for repossessed and foreclosed assets represents any cumulative valuation adjustment recognized to adjust the assets to fair value.
Fair Value Option for Financial Assets
We elected the fair value option for an insignificant amount of conforming mortgage loans held-for-sale and certain non-conforming jumbo mortgage loans held-for-sale to mitigate earnings volatility by better matching the accounting for the assets with the related derivatives. Our intent in electing fair value measurement was to mitigate a divergence between accounting gains or losses and economic exposure for certain assets and liabilities.
Fair Value of Financial Instruments
The following table presents the carrying and estimated fair value of financial instruments, except for those recorded at fair value on a recurring basis presented in the previous section of this note titled Recurring Fair Value. This table excludes operations held-for-sale, refer to Note 2 for additional information. When possible, we use quoted market prices to determine fair value. Where quoted market prices are not available, the fair value is internally derived based on appropriate valuation methodologies with respect to the amount and timing of future cash flows and estimated discount rates. However, considerable judgment is required in interpreting current market data to develop the market assumptions and inputs necessary to estimate fair value. As such, the actual amount received to sell an asset or the amount paid to settle a liability could differ from our estimates. Fair value information presented herein was based on information available at March 31, 2025, and December 31, 2024.
Estimated fair value
($ in millions)
Carrying value
Level 1
Level 2
Level 3
Total
March 31, 2025
Financial assets
Held-to-maturity securities
$4,668 $— $4,670 $— $4,670 
Loans held-for-sale, net
203 — — 203 203 
Finance receivables and loans, net
130,087 — — 132,614 132,614 
FHLB/FRB stock (a)
693 — 693 — 693 
Financial liabilities
Deposit liabilities
$42,459 $— $— $42,591 $42,591 
Short-term borrowings
3,339 — — 3,345 3,345 
Long-term debt
16,465 — 12,880 4,651 17,531 
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 Condensed 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, 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.
v3.25.1
Offsetting Assets and Liabilities
 3 Months Ended
Mar. 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 March 31, 2025, these instruments are reported as gross assets and gross liabilities on the Condensed Consolidated Balance Sheet. For additional information on derivative instruments and hedging activities, refer to Note 19.
The composition of offsetting derivative instruments, financial assets, and financial liabilities was as follows.
Gross amounts of recognized assets/liabilitiesGross amounts offset on the Condensed Consolidated Balance SheetNet amounts of assets/liabilities presented on the Condensed Consolidated Balance SheetGross amounts not offset on the Condensed Consolidated Balance Sheet
($ in millions)
Financial instruments
Collateral (a) (b) (c)
Net amount
March 31, 2025
Assets
Derivative assets$2 $— $2 $— $(2)$— 
Total assets
$2 $— $2 $— $(2)$— 
Liabilities
Derivative liabilities (d)$4 $— $4 $— $— $4 
Securities sold under agreements to repurchase (e)889 — 889 — (889)— 
Total liabilities$893 $— $893 $— $(889)$4 
December 31, 2024
Assets
Derivative assets (f)$12 $— $12 $— $(10)$2 
Total assets
$12 $— $12 $— $(10)$2 
Liabilities
Derivative liabilities (d)$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 Condensed 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)Includes derivative liabilities with no offsetting arrangements of $4 million as of both March 31, 2025, and December 31, 2024.
(e)For additional information on securities sold under agreements to repurchase, refer to Note 13.
(f)Includes derivative assets with no offsetting arrangements of $1 million as of December 31, 2024.
v3.25.1
Segment Information
 3 Months Ended
Mar. 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 mostly 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 Lender Finance business, nonbank wholesale-funded managers with partial funding for their direct-lending activities, which is principally leveraged loans. Additionally, we offer a commercial real estate product, primarily focused on lending to skilled nursing facilities, senior housing, and medical office buildings.
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. We closed the sale of Ally Lending on March 1, 2024. Consumer mortgage originations will cease during the second quarter of 2025, which will result in a gradual run-off of our remaining consumer mortgage loan portfolio. Additionally, we closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.
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.
Three months ended March 31, ($ in millions)
Automotive Finance operationsInsurance operationsCorporate Finance operationsCorporate and OtherConsolidated (a)
2025
Net financing revenue and other interest income
Total financing revenue and other interest income$2,571 $44 $221 $557 $3,393 
Total interest expense1,065 14 117 479 1,675 
Net depreciation expense on operating lease assets240 — — — 240 
Net financing revenue and other interest income1,266 30 104 78 1,478 
Other revenue97 364 29 (427)63 
Total net revenue1,363 394 133 (349)1,541 
Provision for credit losses434 — 14 (257)191 
Noninterest expense
Compensation and benefits expense183 30 25 267 505 
Insurance losses and loss adjustment expenses— 161 — — 161 
Goodwill impairment— — — 305 305 
Other operating expenses
Technology and communications expenses29 5 1 68 103 
Other (b)342 196 17 5 560 
Total other operating expenses371 201 18 73 663 
Total noninterest expense554 392 43 645 1,634 
Income (loss) from continuing operations before income tax expense (benefit)$375 $2 $76 $(737)$(284)
Total assets$111,672 $9,489 $11,002 $61,168 $193,331 
2024
Net financing revenue and other interest income
Total financing revenue and other interest income$2,576 $39 $269 $698 $3,582 
Total interest expense1,010 13 149 750 1,922 
Net depreciation expense on operating lease assets192 — — — 192 
Net financing revenue and other interest income1,374 26 120 (52)1,468 
Other revenue97 384 23 26 530 
Total net revenue1,471 410 143 (26)1,998 
Provision for credit losses448 — (1)60 507 
Noninterest expense
Compensation and benefits expense178 28 27 286 519 
Insurance losses and loss adjustment expenses— 112 — — 112 
Other operating expenses
Technology and communications expenses32 5 1 68 106 
Other (b)333 195 16 27 571 
Total other operating expenses365 200 17 95 677 
Total noninterest expense543 340 44 381 1,308 
Income (loss) from continuing operations before income tax expense (benefit)$480 $70 $100 $(467)$183 
Total assets$114,464 $9,100 $10,410 $58,826 $192,800 
(a)Net financing revenue and other interest income after the provision for credit losses totaled $1.3 billion and $961 million for the three months ended March 31, 2025, and 2024, respectively.
(b)Primarily consists of insurance commissions, property and equipment depreciation, and advertising and marketing expenses. Refer to Note 6 for additional information.
v3.25.1
Contingencies and Other Risks
 3 Months Ended
Mar. 31, 2025
Loss Contingency [Abstract]  
Contingencies and Other Risks Contingencies and Other Risks
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 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K 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.
v3.25.1
Subsequent Events
 3 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Declaration of Common Dividend
On April 15, 2025, our Board declared a quarterly cash dividend of $0.30 per share on all common stock. The dividend is payable on May 15, 2025, to shareholders of record at the close of business on May 1, 2025.
v3.25.1
Pay vs Performance Disclosure - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Pay vs Performance Disclosure    
Net (loss) income $ (225) $ 143
v3.25.1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.1
Description of Business, Basis of Presentation, and Changes in Significant Accounting Policies (Policies)
 3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation
Our accounting and reporting policies conform to U.S. GAAP. Additionally, where applicable, the policies conform to the accounting and reporting guidelines prescribed by bank regulatory authorities. Certain reclassifications may 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 Condensed Consolidated Financial Statements. The preparation of financial statements in conformity with U.S. GAAP requires management 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, management uses 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.
Income Taxes
Income Taxes
In calculating the provision for interim income taxes, in accordance with ASC 740, Income Taxes, we apply an estimated annual effective tax rate to year-to-date ordinary income. At the end of each interim period, we estimate the effective tax rate expected to be applicable for the full fiscal year. This method differs from that described in Note 1 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K, which describes our annual significant income tax accounting policy and related methodology.
Recently Issued Accounting Standards
Recently Issued 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 will be required to disclose, on an annual basis, the amount of income taxes paid (net of refunds received) disaggregated by federal, state, and foreign taxes. The amendments are effective on January 1, 2025, for annual reporting and will be included in our 2025 Annual Report on Form 10-K. The amendments must be applied using either a prospective or retrospective approach. Management does not expect the impact of these amendments to be material.
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 requires 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 also requires 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. Management does not expect the impact of these amendments to be material.
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, caps, floors, 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 Condensed 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.
v3.25.1
Held-for-sale Operations (Tables)
 3 Months Ended
Mar. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Assets and Liabilities of Operations Held-for-Sale
The assets and liabilities of operations held-for-sale are summarized below.
($ in millions)March 31, 2025
Assets
Loans held-for-sale, net$2,248 
Other assets (a)192 
Total assets
$2,440 
Liabilities
Accrued expenses and other liabilities$35 
Total liabilities$35 
(a)Primarily includes goodwill of $56 million, intangible assets of $51 million, cash in transit of $51 million, and accrued unbilled interest receivable of $20 million at March 31, 2025.
Schedule of Fair Value Measurements - Nonrecurring Basis
The following table displays assets and liabilities of our held-for-sale operations measured at fair value on a nonrecurring basis and held at March 31, 2025. The disposal group was sold on April 1, 2025. Refer to Note 21 for descriptions of valuation methodologies used to measure material assets at fair value and details of the valuation models, key inputs to these models, and significant assumptions used.
Nonrecurring fair value measurements
Lower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustments
Total gain (loss) included in earnings
March 31, 2025 ($ in millions)
Level 1
Level 2
Level 3
Total
Assets
Loans held-for-sale, net$— $2,248 $— $2,248 $— n/m(a)
Other assets (b) (c)— 199 — 199 (307)(7)(d)
Total assets
$— $2,447 $— $2,447 $(307)$(7)
Liabilities
Accrued expenses and other liabilities$— $35 $— $35 $— n/m(a)
Total liabilities$— $35 $— $35 $— n/m
n/m = not meaningful
(a)We consider the applicable valuation allowance, 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.
(b)Includes a $305 million impairment of goodwill at Ally Credit Card. At the time of impairment, the fair value of goodwill was classified as Level 2 under the fair value hierarchy.
(c)Includes a $2 million impairment of other assets related to Ally Credit Card branded plastics acquired by the purchaser. At the time of impairment, the fair value of other assets was classified as Level 2 under the fair value hierarchy.
(d)Represents estimated costs to sell related to the transaction.
The following tables display assets and liabilities measured at fair value on a nonrecurring basis and still held at March 31, 2025, and December 31, 2024, respectively. The amounts are generally as of the end of each period presented, which approximate the fair value measurements that occurred during each period. These tables exclude operations held-for-sale, refer to Note 2 for additional information.
Nonrecurring fair value measurements
Lower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustments
Total gain (loss) included in earnings
March 31, 2025 ($ in millions)
Level 1
Level 2
Level 3
Total
Assets
Loans held-for-sale, net$— $— $203 $203 $— n/m(a)
Commercial finance receivables and loans, net (b)
Automotive
— — 77 77 (16)n/m(a)
Other
— — 21 21 (67)n/m(a)
Total commercial finance receivables and loans, net
— — 98 98 (83)n/m(a)
Other assets
Repossessed and foreclosed assets (c)— — 10 10 (2)n/m(a)
Total assets
$— $— $311 $311 $(85)n/m
n/m = not meaningful
(a)We consider the applicable valuation allowance, allowance for loan losses, or cumulative adjustments to be the most relevant indicator of the impact on earnings caused by the fair value measurement. Accordingly, the table above excludes total gains and losses included in earnings for these items. The carrying values are inclusive of the respective valuation reserve, loan loss allowance, or cumulative adjustment.
(b)Represents collateral-dependent loans held for investment for which a nonrecurring measurement was made. The related allowance for loan losses represents the cumulative fair value adjustments for those specific receivables.
(c)The allowance provided for repossessed and foreclosed assets represents any cumulative valuation adjustment recognized to adjust the assets to fair value.
Nonrecurring fair value measurementsLower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustmentsTotal gain (loss) included in earnings
December 31, 2024 ($ 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 allowance, 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 $118 million impairment of goodwill at Ally Credit Card. Refer to Note 11 for further discussion.
(d)The allowance provided for repossessed and foreclosed assets represents any cumulative valuation adjustment recognized to adjust the assets to fair value.
v3.25.1
Revenue from Contracts with Customers (Tables)
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table presents a disaggregated view of our revenue from contracts with customers. For further information regarding our revenue recognition policies and details about the nature of our respective revenue streams, refer to Note 1 and Note 3 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K.
Three months ended March 31, ($ in millions)
Automotive Finance operationsInsurance operationsCorporate Finance operationsCorporate and OtherConsolidated
2025
Revenue from contracts with customers
Noninsurance contracts (a) (b) (c)$— $241 $— $— $241 
Remarketing fee income31 — — — 31 
Brokerage commissions and other revenue— — — 20 20 
Banking fees and interchange income (d)— — — 19 19 
Brokered/agent commissions— 5 — — 5 
Other5 1 — 1 7 
Total revenue from contracts with customers
36 247 — 40 323 
All other revenue
61 117 29 (467)(260)
Total other revenue (e)$97 $364 $29 $(427)$63 
2024
Revenue from contracts with customers
Noninsurance contracts (a) (b) (c)$— $173 $— $— $173 
Remarketing fee income30 — — — 30 
Brokerage commissions and other revenue— — — 23 23 
Banking fees and interchange income (d)— — — 9 9 
Brokered/agent commissions— 4 — — 4 
Other5 — — — 5 
Total revenue from contracts with customers
35 177 — 32 244 
All other revenue62 207 23 (6)286 
Total other revenue (e)$97 $384 $23 $26 $530 
(a)We had opening balances of $3.0 billion in unearned revenue associated with outstanding contracts at both January 1, 2025 and 2024, and $238 million and $248 million of these balances were recognized as insurance premiums and service revenue earned in our Condensed Consolidated Statement of Comprehensive Income (Loss) during the three months ended March 31, 2025, and 2024, respectively.
(b)At March 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 $649 million during the remainder of 2025, $742 million in 2026, $595 million in 2027, $436 million in 2028, and $535 million thereafter. At March 31, 2024, we had unearned revenue of $2.9 billion associated with outstanding contracts.
(c)We had deferred insurance assets of $1.8 billion at both March 31, 2025, and December 31, 2024, and recognized $141 million of expense during the three months ended March 31, 2025. We had deferred insurance assets of $1.8 billion at both March 31, 2024 and December 31, 2023, and recognized $147 million of expense during the three months ended March 31, 2024.
(d)Interchange income is reported net of customer rewards related to Ally Credit Card. Customer rewards expense was $6 million during both the three months ended March 31, 2025, and March 31, 2024.
(e)Represents a component of total net revenue. Refer to Note 23 for further information on our reportable operating segments.
v3.25.1
Other Income, Net of Losses (Tables)
 3 Months Ended
Mar. 31, 2025
Other Nonoperating Income (Expense) [Abstract]  
Schedule of Other Income, by Component
Details of other income, net of losses, were as follows.
Three months ended March 31,
($ in millions)20252024
Late charges and other administrative fees$51 $54 
Remarketing fees31 30 
Income (loss) from equity-method investments (a)26 (8)
Other, net89 74 
Total other income, net of losses$197 $150 
(a)Refer to Note 11 for further information on our equity-method investments.
v3.25.1
Reserves for Insurance Losses and Loss Adjustment Expenses (Tables)
 3 Months Ended
Mar. 31, 2025
Short-Duration Insurance Contracts, Liability for Unpaid Claims and Allocated Claim Adjustment Expense, Net [Abstract]  
Schedule of Liability for Unpaid Claims and Claims Adjustment Expense
The following table shows a rollforward of our reserves for insurance losses and loss adjustment expenses.
($ in millions)20252024
Total gross reserves for insurance losses and loss adjustment expenses at January 1,$189 $140 
Less: Reinsurance recoverable60 66 
Net reserves for insurance losses and loss adjustment expenses at January 1,129 74 
Net insurance losses and loss adjustment expenses incurred related to:
Current year161 103 
Prior years (a)— 9 
Total net insurance losses and loss adjustment expenses incurred161 112 
Net insurance losses and loss adjustment expenses paid or payable related to:
Current year(44)(57)
Prior years(54)(42)
Total net insurance losses and loss adjustment expenses paid or payable(98)(99)
Net reserves for insurance losses and loss adjustment expenses at March 31,192 87 
Plus: Reinsurance recoverable (b)76 77 
Total gross reserves for insurance losses and loss adjustment expenses at March 31, (c)$268 $164 
(a)There have been no material adverse changes to the reserve for prior years.
(b)Included in premiums receivable and other insurance assets on our Condensed Consolidated Balance Sheet.
(c)Included in accrued expenses and other liabilities on our Condensed Consolidated Balance Sheet.
v3.25.1
Other Operating Expenses (Tables)
 3 Months Ended
Mar. 31, 2025
Operating Expenses [Abstract]  
Schedule of Other Operating Cost and Expense, by Component
Details of other operating expenses were as follows.
Three months ended March 31,
($ in millions)20252024
Insurance commissions$161 $161 
Technology and communications103 106 
Property and equipment depreciation63 57 
Advertising and marketing61 73 
Lease and loan administration46 48 
Regulatory and licensing fees44 54 
Vehicle remarketing and repossession33 33 
Professional services31 31 
Amortization of intangible assets3 6 
Other118 108 
Total other operating expenses$663 $677 
v3.25.1
Investment Securities (Tables)
 3 Months Ended
Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investment Portfolio The cost, fair value, and gross unrealized gains and losses on available-for-sale and held-to-maturity securities were as follows.
March 31, 2025December 31, 2024
Amortized costGross unrealized
Fair value
Amortized costGross unrealized
Fair value
($ in millions)gainslossesgainslosses
Available-for-sale securities
Debt securities
U.S. Treasury and federal agencies$2,150 $5 $(69)$2,086 $2,073 $— $(200)$1,873 
U.S. States and political subdivisions700 — (90)610 704 — (87)617 
Foreign government200 2 (3)199 198 1 (5)194 
Agency mortgage-backed residential (a)15,096 2 (2,411)12,687 16,765 — (3,112)13,653 
Mortgage-backed residential245 — (40)205 249 — (43)206 
Agency mortgage-backed commercial (a)5,399 6 (734)4,671 4,819 1 (836)3,984 
Asset-backed75 — (1)74 131 — (2)129 
Corporate debt1,907 7 (100)1,814 1,871 3 (120)1,754 
Total available-for-sale securities (b) (c) (d) (e) (f)$25,772 $22 $(3,448)$22,346 $26,810 $5 $(4,405)$22,410 
Held-to-maturity securities
Debt securities
Agency mortgage-backed residential$1,332 $1 $(176)$1,157 $935 $— $(196)$739 
Mortgage-backed residential3,259 177 (1)3,435 3,323 142 — 3,465 
Asset-backed retained notes77 1 — 78 88 1 — 89 
Total held-to-maturity securities (d) (f) (g)$4,668 $179 $(177)$4,670 $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 $4 million asset and a $72 million liability for agency mortgage-backed residential securities at March 31, 2025, and December 31, 2024, respectively, and a $7 million asset and a $34 million liability for agency mortgage-backed commercial securities at March 31, 2025, and December 31, 2024. These basis adjustments would be allocated to the amortized cost of specific securities within the pool if the hedge was dedesignated. Refer to Note 19 for additional information.
(b)Certain available-for-sale securities are included in fair value hedging relationships. Refer to Note 19 for additional information.
(c)Certain entities related to our Insurance operations are required to deposit securities with state regulatory authorities. These deposited securities totaled $13 million at both March 31, 2025, and December 31, 2024.
(d)Investment securities with a fair value of $4.2 billion and $3.4 billion were pledged as collateral at March 31, 2025, and December 31, 2024, respectively. This primarily included $2.9 billion pledged to secure advances from the FHLB at both March 31, 2025, and December 31, 2024. 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 $1.3 billion and $439 million of the underlying available-for-sale securities at March 31, 2025, and December 31, 2024, respectively.
(e)Totals do not include accrued interest receivable, which was $81 million and $73 million at March 31, 2025, and December 31, 2024, respectively. Accrued interest receivable is included in other assets on our Condensed Consolidated Balance Sheet.
(f)There was no allowance for credit losses recorded at both March 31, 2025, or 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 $12 million at March 31, 2025, and December 31, 2024, respectively. Accrued interest receivable is included in other assets on our Condensed Consolidated Balance Sheet.
Schedule of Investments Classified by Contractual Maturity Date
The maturity distribution of debt securities outstanding is summarized in the following tables based upon contractual maturities. Call or prepayment options may cause actual maturities to differ from contractual maturities.
TotalDue in one year or lessDue after one year through five yearsDue after five years through ten yearsDue after ten years
($ in millions)AmountYieldAmountYieldAmountYieldAmountYieldAmountYield
March 31, 2025
Fair value of available-for-sale securities (a)
U.S. Treasury and federal agencies$2,086 3.4 %$39 0.7 %$1,590 3.9 %$457 1.9 %$— — %
U.S. States and political subdivisions610 3.5 39 5.6 68 3.4 85 4.1 418 3.2 
Foreign government199 2.7 27 2.1 63 2.5 109 2.9 — — 
Agency mortgage-backed residential (b)12,687 2.9 — — 1 2.8 276 5.5 12,410 2.8 
Mortgage-backed residential205 2.7 — — — — — — 205 2.7 
Agency mortgage-backed commercial (b)4,671 2.7 23 3.1 930 4.0 1,815 2.6 1,903 2.1 
Asset-backed74 1.5 1 3.3 73 1.5 — — — — 
Corporate debt1,814 3.2 198 2.9 735 2.6 739 3.6 142 5.5 
Total available-for-sale securities$22,346 2.9 $327 2.3 $3,460 3.6 $3,481 3.0 $15,078 2.8 
Amortized cost of available-for-sale securities
$25,772 $330 $3,510 $3,838 $18,094 
Amortized cost of held-to-maturity securities (c)
Agency mortgage-backed residential$1,332 3.5 %$— — %$— — %$— — %$1,332 3.5 %
Mortgage-backed residential3,259 2.8 — — — — 9 3.4 3,250 2.8 
Asset-backed retained notes
77 5.4 — — 55 5.3 22 5.6 — — 
Total held-to-maturity securities
$4,668 3.1 $— — $55 5.3 $31 5.0 $4,582 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 of available-for-sale securities
$26,810 $330 $2,579 $3,844 $20,057 
Amortized cost 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 market value by security for the securities within each maturity distribution range. The effective yield considers the contractual coupon and amortized cost 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 $4 million asset and a $72 million liability for agency mortgage-backed residential securities at March 31, 2025, and December 31, 2024, respectively, and a $7 million asset and a $34 million liability for agency mortgage-backed commercial securities at March 31, 2025, and December 31, 2024. These basis adjustments would be allocated to the amortized cost of specific securities within the pool if the hedge was dedesignated. Refer to Note 19 for additional information.
(c)Yield is calculated using the effective yield of each security at the end of the period, weighted based on amortized cost by security for the securities within each maturity distribution range. The effective yield considers the contractual coupon and amortized cost and excludes capital gains, capital losses, and the premium or discount on securities transferred from available-for-sale to held-to-maturity.
Schedule of Investment Income
The following table presents interest and dividends on investment securities.
Three months ended March 31,
($ in millions)20252024
Taxable interest$210 $245 
Taxable dividends5 4 
Interest and dividends exempt from U.S. federal income tax6 6 
Interest and dividends on investment securities$221 $255 
Schedule of Realized Gain (Loss)
The following table presents gross gains and losses realized upon the sales of available-for-sale securities, and net gains or losses on equity securities held during the period.
Three months ended March 31,
($ in millions)20252024
Available-for-sale securities
Gross realized gains$— $1 
Gross realized losses (a)(495)— 
Net realized (loss) gain on available-for-sale securities(495)1 
Net realized gain on equity securities8 17 
Net unrealized (loss) gain on equity securities(12)11 
Other (loss) gain on investments, net$(499)$29 
(a)Includes losses reclassified from accumulated other comprehensive loss related to the balance sheet repositioning of our available-for-sale securities portfolio.
Schedule of Held to Maturity Debt Securities by Credit Quality
The following table presents the credit quality of our held-to-maturity securities, based on the latest available information as of March 31, 2025, and December 31, 2024. The credit ratings are sourced from nationally recognized statistical rating organizations, which include S&P, Moody’s, Fitch, and DBRS. The ratings presented are a composite of the ratings sourced from the agencies or, if the ratings cannot be sourced from the agencies, are based on the asset type of the particular security. All our held-to-maturity securities were current in their payment of principal and interest as of both March 31, 2025, and December 31, 2024. We have not recorded any interest income reversals on our held-to-maturity securities during the three months ended March 31, 2025, or March 31, 2024.
($ in millions)AAAAAABBBTotal (a)
March 31, 2025
Debt securities
Agency mortgage-backed residential$— $1,332 $— $— $1,332 
Mortgage-backed residential3,180 75 4 — 3,259 
Asset-backed retained notes70 4 2 1 77 
Total held-to-maturity securities$3,250 $1,411 $6 $1 $4,668 
December 31, 2024
Debt securities
Agency mortgage-backed residential$— $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 $4,346 
(a)Rating agencies indicate that they base their ratings on many quantitative and qualitative factors, which may include capital adequacy, liquidity, asset quality, business mix, level and quality of earnings, and the current operating, legislative, and regulatory environment. A credit rating is not a recommendation to buy, sell, or hold securities, and the ratings are subject to revision or withdrawal at any time by the assigning rating agency.
Schedule of Available-for-Sale Securities in Unrealized Loss Position
The following table summarizes available-for-sale securities in an unrealized loss position, which we evaluated to determine if a credit loss exists requiring the recognition of an allowance for credit losses. For additional information on our methodology, refer to Note 1 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K. We have not recorded any interest income reversals on our available-for-sale securities during the three months ended March 31, 2025, or March 31, 2024.
March 31, 2025December 31, 2024
Less than 12 months12 months or longerLess than 12 months12 months or longer
($ 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$— $— $595 $(69)$— $— $1,873 $(200)
U.S. States and political subdivisions43 (2)495 (88)87 (2)472 (85)
Foreign government16 (1)92 (2)40 — 112 (5)
Agency mortgage-backed residential (a)906 (4)10,712 (2,407)127 (3)13,518 (3,109)
Mortgage-backed residential— — 205 (40)— — 206 (43)
Agency mortgage-backed commercial (a)217 (4)3,534 (730)428 (11)3,445 (825)
Asset-backed— — 71 (1)— — 124 (2)
Corporate debt187 (3)1,271 (97)265 (6)1,319 (114)
Total available-for-sale securities
$1,369 $(14)$16,975 $(3,434)$947 $(22)$21,069 $(4,383)
(a)Includes basis adjustments for certain securities that are included in closed portfolios with active hedges under the portfolio layer method at March 31, 2025, and December 31, 2024. The basis adjustments would be allocated to the amortized cost of specific securities within the pool if the hedge was dedesignated. Refer to Note 19 for additional information.
v3.25.1
Finance Receivables and Loans, Net (Tables)
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
The composition of finance receivables and loans reported at amortized cost basis was as follows.
($ in millions)March 31, 2025December 31, 2024
Consumer automotive (a)$83,868 $83,757 
Consumer mortgage (b)16,963 17,234 
Consumer other (c)— 2,294 
Total consumer100,831 103,285 
Commercial
Commercial and industrial
Automotive16,939 18,259 
Other8,984 8,212 
Commercial real estate6,731 6,274 
Total commercial32,654 32,745 
Total finance receivables and loans (d) (e)$133,485 $136,030 
(a)Certain finance receivables and loans are included in fair value hedging relationships. Refer to Note 19 for additional information.
(b)Includes loans originated as interest-only mortgage loans of $12 million at both March 31, 2025, and December 31, 2024, of which all have exited the interest-only period.
(c)Consists of credit card finance receivables and loans, which were transferred to loans held-for-sale, and are included in assets of operations held-for-sale on our Condensed Consolidated Balance Sheet at March 31, 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 $2.3 billion at both March 31, 2025, and December 31, 2024.
(e)Totals do not include accrued interest receivable, which was $757 million and $839 million at March 31, 2025, and December 31, 2024, respectively. Accrued interest receivable is included in other assets on our Condensed Consolidated Balance Sheet.
Schedule of Allowance for Credit Losses on Financing Receivables
The following tables present an analysis of the activity in the allowance for loan losses on finance receivables and loans for the three months ended March 31, 2025, and 2024, respectively.
Three months ended March 31, 2025 ($ in millions)
Consumer automotiveConsumer mortgageConsumer other (a)CommercialTotal
Allowance at January 1, 2025$3,170 $19 $319 $206 $3,714 
Charge-offs (b)(676)— (68)(1)(745)
Recoveries231 1 5 1 238 
Net charge-offs(445)1 (63)— (507)
Provision for credit losses418 — (257)30 191 
Other1 (2)1 — — 
Allowance at March 31, 2025
$3,144 $18 $— $236 $3,398 
(a)Consists of Credit Card.
(b)Refer to Note 1 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K for information regarding our charge-off policies.
Three months ended March 31, 2024 ($ in millions)
Consumer automotiveConsumer mortgageConsumer other (a)CommercialTotal
Allowance at January 1, 2024$3,083 $21 $293 $190 $3,587 
Charge-offs (b)(688)(1)(68)(1)(758)
Recoveries211 1 6 1 219 
Net charge-offs(477)— (62)— (539)
Write-downs from transfers to held-for-sale (c)(5)— — — (5)
Provision for credit losses449 — 60 (2)507 
Allowance at March 31, 2024
$3,050 $21 $291 $188 $3,550 
(a)Consists of Credit Card.
(b)Refer to Note 1 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K for information regarding our charge-off policies.
(c)Consumer automotive includes a $5 million reduction of allowance from the completion of a retail securitization transaction during the three months ended March 31, 2024, resulting in the deconsolidation of the assets and liabilities from our Condensed Consolidated Balance Sheet.
Schedule of Sales of Financing Receivables and Loans
The following table presents sales of finance receivables and loans and transfers of finance receivables and loans from held-for-investment to held-for-sale based on net carrying value.
Three months ended March 31,
($ in millions)20252024
Consumer automotive$— $1,108 
Consumer other (a)2,248 — 
Commercial73 45 
Total sales and transfers$2,321 $1,153 
(a)Credit card finance receivables and loans were transferred to loans held-for-sale, and are included in assets of operations held-for-sale on our Condensed Consolidated Balance Sheet at March 31, 2025. Refer to Note 2 for additional information.
Schedule of Purchases of Financing Receivables and Loans
The following table presents purchases of finance receivables and loans based on unpaid principal balance at the time of purchase.
Three months ended March 31,
($ in millions)20252024
Consumer automotive$749 $981 
Consumer mortgage8 4 
Total purchases of finance receivables and loans$757 $985 
Schedule of Financing Receivables, Nonaccrual Status
The following tables present the amortized cost 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 March 31, 2025, and December 31, 2024. We recorded interest income from cash payments associated with finance receivables and loans on nonaccrual status of $4 million and $5 million for the three months ended March 31, 2025, and 2024, respectively. Refer to Note 1 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K for additional information on our accounting policy for finance receivables and loans on nonaccrual status.
March 31, 2025
($ in millions)Nonaccrual status at Jan. 1, 2025Nonaccrual statusNonaccrual with no allowance (a)
Consumer automotive$1,231 $1,167 $449 
Consumer mortgage54 56 38 
Consumer other (b)90 — — 
Total consumer1,375 1,223 487 
Commercial
Commercial and industrial
Automotive15 79 3 
Other94 94 3 
Commercial real estate2 21 9 
Total commercial111 194 15 
Total finance receivables and loans$1,486 $1,417 $502 
(a)Represents a component of nonaccrual status at end of period.
(b)Consists of credit card finance receivables and loans, which were transferred to loans held-for-sale, and are included in assets of operations held-for-sale on our Condensed Consolidated Balance Sheet at March 31, 2025. Refer to Note 2 for additional information.
December 31, 2024
($ 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$1,394 $1,486 $518 
(a)Represents a component of nonaccrual status at end of period.
(b)Consists of credit card finance receivables and loans.
Schedule of Financing Receivable Credit Quality Indicators
The following tables present the amortized cost basis of our consumer finance receivables and loans by credit quality indicator based on delinquency status and origination year.
Origination yearRevolving loans converted to term
March 31, 2025 ($ in millions)
202520242023202220212020 and priorRevolving loansTotal
Consumer automotive
Current$8,935 $27,767 $18,395 $13,598 $7,287 $3,901 $— $— $79,883 
30–59 days past due15 461 659 704 437 232 — — 2,508 
60–89 days past due1 160 299 330 188 96 — — 1,074 
90 or more days past due— 61 108 120 77 49 — — 415 
Total consumer automotive (a)8,951 28,449 19,461 14,752 7,989 4,278 — — 83,880 
Consumer mortgage
Current— 20 31 1,865 9,702 5,125 108 15 16,866 
30–59 days past due— — — 5 5 20 — — 30 
60–89 days past due— — — 3 9 11 — — 23 
90 or more days past due— — 1 5 10 25 1 2 44 
Total consumer mortgage— 20 32 1,878 9,726 5,181 109 17 16,963 
Total consumer (b)$8,951 $28,469 $19,493 $16,630 $17,715 $9,459 $109 $17 $100,843 
(a)Certain consumer automotive loans are included in fair value hedging relationships. The amortized cost excludes a liability of $12 million related to basis adjustments for loans in closed portfolios with active hedges under the portfolio layer method at March 31, 2025. These basis adjustments would be allocated to the amortized cost of specific loans within the pool if the hedge was dedesignated. Refer to Note 19 for additional information.
(b)Excludes credit card finance receivables and loans, which were transferred to loans held-for-sale, and are included in assets of operations held-for-sale on our Condensed Consolidated Balance Sheet at March 31, 2025. Refer to Note 2 for additional information.
Origination yearRevolving loans converted to term
December 31, 2024 ($ in millions)
202420232022202120202019 and priorRevolving loansTotal
Consumer automotive
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 excludes a liability of $41 million related to basis adjustments for loans in closed portfolios with active hedges under the portfolio layer method at December 31, 2024. These basis adjustments would be allocated to the amortized cost of specific loans within the pool if the hedge was dedesignated. Refer to Note 19 for additional information.
(b)Consists of credit card finance receivables and loans.
The following tables present the amortized cost basis of our commercial finance receivables and loans by credit quality indicator based on risk rating and origination year.
Origination yearRevolving loans converted to term
March 31, 2025 ($ in millions)
202520242023202220212020 and priorRevolving loansTotal
Commercial
Commercial and industrial
Automotive
Pass$49 $508 $311 $315 $117 $104 $13,818 $— $15,222 
Special mention— 4 26 13 21 4 1,521 — 1,589 
Substandard— — 1 2 3 1 116 — 123 
Doubtful— — — — — — 5 — 5 
Total automotive49 512 338 330 141 109 15,460 — 16,939 
Other
Pass128 705 248 194 197 239 5,793 107 7,611 
Special mention— — — 363 248 266 247 21 1,145 
Substandard— — 27 — 22 117 24 3 193 
Doubtful— — — — — 26 9 — 35 
Total other128 705 275 557 467 648 6,073 131 8,984 
Commercial real estate
Pass572 1,043 866 1,169 1,012 1,797 — 47 6,506 
Special mention— 7 39 78 42 38 — — 204 
Substandard— — 6 8 5 — — — 19 
Doubtful— — — 1 — 1 — — 2 
Total commercial real estate572 1,050 911 1,256 1,059 1,836 — 47 6,731 
Total commercial$749 $2,267 $1,524 $2,143 $1,667 $2,593 $21,533 $178 $32,654 
Origination yearRevolving loans converted to term
December 31, 2024 ($ 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 $32,745 
The following tables present gross charge-offs of our finance receivables and loans for each portfolio class by origination year during the three months ended March 31, 2025, and during the year ended December 31, 2024, respectively. Refer to Note 1 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K for additional information on our charge-off policy.
Origination yearRevolving loans converted to term
March 31, 2025 ($ in millions)
202520242023202220212020 and priorRevolving loansTotal
Consumer automotive$1 $120 $206 $200 $98 $51 $— $— $676 
Consumer other (a)— — — — — — 64 4 68 
Total consumer1 120 206 200 98 51 64 4 744 
Commercial
Commercial and industrial
Automotive— — — — — — 1 — 1 
Total commercial— — — — — — 1 — 1 
Total finance receivables and loans$1 $120 $206 $200 $98 $51 $65 $4 $745 
(a)Consists of Credit Card.
Origination yearRevolving loans converted to term
December 31, 2024 ($ 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 $5 million of write-downs from transfers to held-for-sale from the completion of a retail securitization transaction during the year ended December 31, 2024, resulting in the deconsolidation of the assets and liabilities from our Condensed Consolidated Balance Sheet.
(b)Consists of Credit Card.
Schedule of Past Due Financing Receivables
The following table presents an analysis of our past-due commercial finance receivables and loans recorded at amortized cost basis.
($ in millions)30–59 days past due60–89 days past due90 days or more past dueTotal past dueCurrentTotal finance receivables and loans
March 31, 2025
Commercial
Commercial and industrial
Automotive$— $— $2 $2 $16,937 $16,939 
Other— — — — 8,984 8,984 
Commercial real estate— — 1 1 6,730 6,731 
Total commercial$— $— $3 $3 $32,651 $32,654 
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 three months ended March 31, 2025, and 2024, respectively, for each portfolio segment, by modification type. For additional information on loan modification types in scope of this disclosure, refer to Note 1 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K. 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 March 31, 2025, and December 31, 2024, there were $5 million and $4 million of consumer mortgage finance receivables and loans in a trial modification program, respectively.
Payment extensions
Three months ended March 31, 2025
($ in millions)
Payment deferralsContractual maturity extensionsPrincipal forgivenessInterest rate concessionsCombinationTotal (a)
Consumer automotive$— $105 $1 $— $— $106 
Consumer mortgage— — — — 1 1 
Total consumer— 105 1 — 1 107 
Commercial
Commercial and industrial
Automotive2 — — — — 2 
Other4 22 — — — 26 
Total commercial6 22 — — — 28 
Total finance receivables and loans$6 $127 $1 $— $1 $135 
(a)Represents 0.1% of total finance receivables and loans outstanding as of March 31, 2025.
Payment extensions
Three months ended March 31, 2024
($ in millions)
Payment deferralsContractual maturity extensionsPrincipal forgivenessInterest rate concessionsCombinationTotal (a)
Consumer automotive$— $99 $1 $— $— $100 
Consumer mortgage— — — — 1 1 
Consumer other (b)— — — 6 — 6 
Total consumer— 99 1 6 1 107 
Commercial
Commercial and industrial
Automotive— — — 4 — 4 
Other— 129 — — — 129 
Total commercial— 129 — 4 — 133 
Total finance receivables and loans$— $228 $1 $10 $1 $240 
(a)Represents 0.2% of total finance receivables and loans outstanding as of March 31, 2024.
(b)Consists of Credit Card.
The following tables present the financial effect of loan modifications that occurred during the three months ended March 31, 2025, and 2024, respectively.
Payment extensions (a)Principal forgivenessInterest rate concessions (a)Combination (a) (b)
Three months ended
March 31, 2025
($ in millions)
Number of months extended/deferredAmount forgivenInitial rateRevised rateRemaining termRevised remaining termInitial rateRevised rate
Consumer automotive29$— — %— %— — — %— %
Consumer mortgage— — — — 2914804.5 2.8 
Commercial
Commercial and industrial
Automotive7$— — %— %— — — %— %
Other16— — — — — — — 
Total commercial15$— — — — — — — 
(a)Calculated using a weighted-average balance for each portfolio class.
(b)Term is presented in number of months.
Payment extensions (a)Principal forgivenessInterest rate concessions (a)Combination (a) (b)
Three months ended
March 31, 2024
($ in millions)
Number of months extended/deferredAmount forgivenInitial rateRevised rateRemaining termRevised remaining termInitial rateRevised rate
Consumer automotive29$— — %— %— — — %— %
Consumer mortgage— — — — 3554803.5 3.4 
Consumer other (c)— — 30.5 10.1 ——— — 
Commercial
Commercial and industrial
Automotive— $— 12.9 %11.5 %——— %— %
Other41— — — ——— — 
Total commercial41$— 12.9 11.5 ——— — 
(a)Calculated using a weighted-average balance for each portfolio class.
(b)Term is presented in number of months.
(c)Consists of Credit Card.
The following tables present the subsequent performance of loans recorded at amortized cost, by portfolio segment and credit quality indicator, that were modified within the 12 months prior to March 31, 2025, and 2024, respectively.
March 31, 2025 ($ in millions)
Current30–59 days past due60–89 days past due90 or more days past dueTotal
Consumer automotive
Contractual maturity extensions$328 $62 $23 $7 $420 
Principal forgiveness— — — 5 5 
Combination2 — — — 2 
Total consumer automotive330 62 23 12 427 
Consumer mortgage
Contractual maturity extensions1 — — 1 2 
Combination1 — — — 1 
Total consumer mortgage2 — — 1 3 
Total consumer$332 $62 $23 $13 $430 
March 31, 2025 ($ in millions)
PassSpecial mentionSubstandardDoubtfulTotal
Commercial and industrial
Automotive
Payment deferrals$— $— $4 $— $4 
Combination— — — 3 3 
Other
Payment deferrals— — 4 — 4 
Contractual maturity extensions25 — 22 — 47 
Combination— — 14 — 14 
Commercial real estate
Payment deferrals— — — 1 1 
Total commercial$25 $— $44 $4 $73 
March 31, 2024 ($ in millions)
Current30–59 days past due60–89 days past due90 or more days past dueTotal
Consumer automotive
Contractual maturity extensions$253 $38 $10 $2 $303 
Principal forgiveness6 1 — 5 12 
Total consumer automotive259 39 10 7 315 
Consumer mortgage
Contractual maturity extensions2 — — — 2 
Combination2 — — — 2 
Total consumer mortgage4 — — — 4 
Consumer other (a)
Interest rate concessions9 1 1 3 14 
Total consumer other9 1 1 3 14 
Total consumer$272 $40 $11 $10 $333 
(a)Consists of Credit Card.
March 31, 2024 ($ in millions)
PassSpecial mentionSubstandardDoubtfulTotal
Commercial and industrial
Automotive
Interest rate concessions$— $— $4 $— $4 
Other
Contractual maturity extensions107 — 60 — 167 
Total commercial$107 $— $64 $— $171 
v3.25.1
Leasing (Tables)
 3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Schedule of Lessee, Operating Lease, Liability, Maturity
The following table presents future minimum rental payments we are required to make under operating leases that have commenced as of March 31, 2025, and that have noncancelable lease terms expiring after March 31, 2025.
($ in millions)
2025$28 
202635 
202727 
202819 
20292 
2030 and thereafter1 
Total undiscounted cash flows112 
Difference between undiscounted cash flows and discounted cash flows(6)
Total lease liability$106 
Schedule of Lease, Cost
The following table details the components of total net operating lease expense.
Three months ended March 31,
($ in millions)20252024
Operating lease expense$8 $7 
Variable lease expense1 1 
Total lease expense, net (a)$9 $8 
(a)Included in other operating expenses in our Condensed Consolidated Statement of Comprehensive Income (Loss).
Schedule of Property Subject to or Available for Operating Lease
The following table details our investment in operating leases.
($ in millions)March 31, 2025December 31, 2024
Vehicles$9,361 $9,519 
Accumulated depreciation(1,482)(1,528)
Investment in operating leases, net$7,879 $7,991 
Schedule of Lessor, Operating Lease, Payments to be Received, Maturity
The following table presents future minimum rental payments we have the right to receive under operating leases with noncancelable lease terms expiring after March 31, 2025.
($ in millions)
2025$985 
2026985 
2027476 
202856 
20295 
Total lease payments from operating leases$2,507 
Schedule of Depreciation Expense on Operating Lease Assets The following table summarizes the components of depreciation expense on operating lease assets.
Three months ended March 31,
($ in millions)20252024
Depreciation expense on operating lease assets (excluding remarketing losses (gains)) (a)$221 $238 
Remarketing losses (gains), net19 (46)
Net depreciation expense on operating lease assets$240 $192 
(a)Includes variable lease payments related to excess mileage and excessive wear and tear on vehicles of $6 million and $4 million during the three months ended March 31, 2025, and 2024, respectively.
Schedule of Finance Lease, Liability, Maturity
The following table presents future minimum rental payments we have the right to receive under finance leases with noncancelable lease terms expiring after March 31, 2025.
($ in millions)
2025$141 
2026162 
2027127 
202873 
202938 
2030 and thereafter15 
Total undiscounted cash flows556 
Difference between undiscounted cash flows and discounted cash flows(74)
Present value of lease payments recorded as lease receivable$482 
v3.25.1
Securitizations and Variable Interest Entities (Tables)
 3 Months Ended
Mar. 31, 2025
Securitizations And Variable Interest Entities [Abstract]  
Schedule of Variable Interest Entities
The following table presents our involvement in consolidated and nonconsolidated VIEs in which we hold variable interests. We have excluded certain transactions with nonconsolidated entities from the balances presented in the table below, where our only continuing involvement relates to financial interests obtained through the ordinary course of business, primarily from lending and investing arrangements. For additional detail related to the assets and liabilities of consolidated variable interest entities, refer to the Condensed Consolidated Balance Sheet.
($ in millions)Carrying value of total assetsCarrying value of total liabilitiesAssets sold to nonconsolidated VIEs (a)Maximum exposure to loss in nonconsolidated VIEs
March 31, 2025
On‑balance sheet variable interest entities
Consumer automotive$12,043 (b)$1,485 (c)$— $— 
Off-balance sheet variable interest entities
Consumer automotive (d)81 (e)— 2,790 2,871 (f)
Consumer other (g)— — 77 77 
Commercial other2,829 (h)1,023 (i)— 3,514 (j)
Total$14,953 $2,508 $2,867 $6,462 
December 31, 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 (g)— — 86 86 
Commercial other2,768 (h)1,022 (i)— 3,482 (j)
Total$15,681 $2,705 $2,971 $6,545 
(a)Asset values represent the current unpaid principal balance of outstanding consumer automotive and credit card finance receivables and loans within the VIEs.
(b)Includes $8.1 billion and $8.2 billion of assets that were not encumbered by VIE beneficial interests held by third parties at March 31, 2025, and December 31, 2024, respectively. Ally or consolidated affiliates hold the interests in these assets.
(c)Includes $122 million and $118 million of liabilities that were not obligations to third-party beneficial interest holders at March 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 $77 million and $88 million were classified as held-to-maturity securities at March 31, 2025, and December 31, 2024, respectively, and $4 million were classified as other assets at both March 31, 2025, and December 31, 2024. 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)Includes balances from Ally Credit Card.
(h)Amounts are classified as other assets except for $49 million and $50 million classified as equity securities at March 31, 2025, and December 31, 2024, respectively.
(i)Amounts are classified as accrued expenses and other liabilities.
(j)For certain nonconsolidated affordable housing entities, maximum exposure to loss represents the yield we guaranteed investors through long-term guarantee contracts. The amount disclosed is based on the unlikely event that the yield delivered to investors in the form of LIHTCs is recaptured. For nonconsolidated equity investments, maximum exposure to loss represents our outstanding investment, additional committed capital, and LIHTCs subject to recapture. The amount disclosed is based on the unlikely event that our committed capital is funded, our investments become worthless, and the tax credits previously delivered to us are recaptured. This required disclosure is not an indication of our expected loss.
Schedule of Cash Flows with Nonconsolidated Special-Purpose Entities
The following table summarizes cash flows received and paid related to SPEs and asset-backed financings where the transfer is accounted for as a sale and we have a continuing involvement with the transferred consumer automotive and credit card assets (for example, servicing) that were outstanding during the three months ended March 31, 2025, and March 31, 2024. Additionally, this table contains information regarding cash flows received from and paid to nonconsolidated SPEs that existed during each period.
Three months ended March 31,
($ in millions)20252024
Consumer automotive
Cash proceeds from transfers completed during the period$191 $1,281 
Servicing fees14 14 
Cash flows received on retained interests in securitization entities12 9 
Other cash flows1 1 
Consumer other (a)
Cash proceeds from transfers completed during the period8 12 
Servicing fees1 2 
Total$227 $1,319 
(a)Includes activity from Ally Credit Card.
Schedule of Quantitative Information and Net Credit Losses about Securitized and Other Financial Assets Managed Together
The following tables present quantitative information about off-balance sheet securitizations and whole-loan sales where we have continuing involvement.
Total amountAmount 60 days or more past due
($ in millions)March 31, 2025December 31, 2024March 31, 2025December 31, 2024
Off-balance-sheet securitization entities
Consumer automotive$1,525 $1,730 $20 $22 
Whole-loan sales (a)
Consumer automotive1,265 1,155 78 83 
Consumer other77 86 9 10 
Total$2,867 $2,971 $107 $115 
(a)Whole-loan sales are not part of a securitization transaction, but represent consumer automotive and credit card pools of loans sold to third-party investors.
Net credit losses
Three months ended March 31,
($ in millions)20252024
Off-balance-sheet securitization entities
Consumer automotive$5 $4 
Whole-loan sales (a)
Consumer automotive23 16 
Consumer other7 12 
Total$35 $32 
(a)Whole-loan sales are not part of a securitization transaction, but represent consumer automotive and credit card pools of loans sold to third-party investors
v3.25.1
Other Assets (Tables)
 3 Months Ended
Mar. 31, 2025
Other Assets [Abstract]  
Schedule of Other Assets
The components of other assets were as follows.
($ in millions)March 31, 2025December 31, 2024
Property and equipment at cost$2,212 $2,226 
Accumulated depreciation(989)(973)
Net property and equipment1,223 1,253 
Proportional amortization investments (a) (b)2,168 2,131 
Net deferred tax assets1,946 1,916 
Other accounts receivable (c)1,710 312 
Accrued interest, fees, and rent receivables (d)889 929 
Nonmarketable equity investments786 789 
Restricted cash and cash equivalents (e)726 788 
Equity-method investments (f)665 632 
Restricted cash held for securitization trusts (g)282 300 
Goodwill190 551 
Operating lease right-of-use assets88 92 
Net intangible assets— 54 
Other assets872 913 
Total other assets (h)$11,545 $10,660 
(a)Proportional amortization investments includes qualifying LIHTC, NMTC, and HTC investments.
(b)Presented gross of the associated unfunded commitment. Refer to Note 14 for further information.
(c)Includes a receivable related to the balance sheet repositioning of our available-for-sale securities portfolio as of March 31, 2025. Refer to Note 7 for additional information.
(d)Primarily relates to accrued interest, fees, and rent receivables related to our consumer automotive and commercial automotive finance receivables and loans.
(e)Primarily represents restricted cash equivalents funded through the issuance of credit-linked notes. Additionally, includes a number of arrangements with third parties where certain restrictions are placed on balances we hold due to collateral agreements associated with operational processes with a third-party bank, partner, or letter of credit arrangements and corresponding collateral requirements. Refer to Note 18 for further information about the issuance of credit-linked notes.
(f)Primarily relates to investments made in connection with our CRA program.
(g)Includes restricted cash collected from customer payments on securitized receivables, which are distributed by us to investors as payments on the related secured debt, and cash reserve deposits utilized as a form of credit enhancement for various securitization transactions.
(h)Excludes operations held-for-sale. Ally Credit Card other assets were transferred to assets of operations held-for-sale as of March 31, 2025. Refer to Note 2 for additional information.
Schedule of Activity in Proportional Amortization Investment
The following table summarizes information about our proportional amortization investments.
Three months ended March 31,
($ in millions)20252024
Tax credits and other tax benefits from proportional amortization investments (a) (b)$56 $39 
Investment amortization expense recognized as a component of income tax expense (a)45 32 
Net benefit from proportional amortization investments (a)$11 $7 
(a)Amounts are included within income tax (benefit) expense from continuing operations on our Condensed Consolidated Statement of Comprehensive Income (Loss) and as a component of operating activities within deferred income taxes, other assets, and other liabilities on our Condensed Consolidated Statement of Cash Flows.
(b)There were no impairment losses recognized during the three months ended March 31, 2025, and March 31, 2024, resulting from the forfeiture or ineligibility of tax credits or other circumstances.
Schedule of Equity Securities without Readily Determinable Fair Value
The total carrying value of the nonmarketable equity investments held at March 31, 2025, and December 31, 2024, including cumulative unrealized gains and losses, was as follows.
($ in millions)March 31, 2025December 31, 2024
FRB stock$413 $440 
FHLB stock280 258 
Equity investments without a readily determinable fair value
Cost basis76 74 
Adjustments
Upward adjustments53 53 
Downward adjustments (including impairment)(36)(36)
Carrying amount, equity investments without a readily determinable fair value93 91 
Nonmarketable equity investments$786 $789 
During the three months ended March 31, 2025, and March 31, 2024, unrealized gains and losses included in the carrying value of the nonmarketable equity investments still held as of March 31, 2025, and March 31, 2024, were as follows.
Three months ended March 31,
($ in millions)20252024
Upward adjustments$— $1 
Downward adjustments (including impairment) (a)$— $— 
(a)No impairment on FHLB and FRB stock was recognized during the three months ended March 31, 2025, and March 31, 2024.
Schedule of Goodwill
The carrying balance of goodwill by reportable operating segment was as follows.
($ 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— — (56)(56)
Goodwill at March 31, 2025
$20 $27 $143 $190 
(a)Includes $143 million of goodwill associated with Ally Invest at both March 31, 2025 and December 31, 2024 and $361 million of goodwill associated with Ally Credit Card at December 31, 2024.
Schedule of Finite-Lived Intangible Assets
The net carrying value of intangible assets by class was as follows.
March 31, 2025December 31, 2024
($ 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 (a)$80 $(80)$— $185 $(131)$54 
(a)Excludes $98 million of gross intangible assets and $47 million of accumulated amortization related to technology and purchased credit card relationships that were transferred to assets of operations held-for-sale related to Ally Credit Card as of March 31, 2025. Refer to Note 2 for additional information.
v3.25.1
Deposit Liabilities (Tables)
 3 Months Ended
Mar. 31, 2025
Deposits [Abstract]  
Schedule of Deposit Liabilities
Deposit liabilities consisted of the following.
($ in millions)March 31, 2025December 31, 2024
Noninterest-bearing deposits$133 $131 
Interest-bearing deposits
Savings, money market, and spending accounts108,836 104,201 
Certificates of deposit42,459 47,242 
Total deposit liabilities$151,428 $151,574 
v3.25.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Short-term Debt
The following table presents the composition of our short-term borrowings portfolio.
March 31, 2025December 31, 2024
($ in millions)
Unsecured
Secured (a)
Total
Unsecured
Secured (a)
Total
Federal Home Loan Bank
$— $2,450 $2,450 $— $1,625 $1,625 
Securities sold under agreements to repurchase
— 889 889 — — — 
Total short-term borrowings$— $3,339 $3,339 $— $1,625 $1,625 
(a)Refer to the section below titled Long-Term Debt for further details on assets restricted as collateral for payment of the related debt.
Schedule of Long-term Debt
The following table presents the composition of our long-term debt portfolio.
March 31, 2025December 31, 2024
($ in millions)UnsecuredSecuredTotalUnsecuredSecuredTotal
Long-term debt (a)
Due within one year$1,968 $2,460 $4,428 $2,408 $2,411 $4,819 
Due after one year8,610 3,427 12,037 8,654 4,022 12,676 
Total long-term debt (b)$10,578 $5,887 $16,465 $11,062 $6,433 $17,495 
(a)Includes basis adjustments related to the application of hedge accounting. Refer to Note 19 for additional information.
(b)Includes advances from the FHLB of Pittsburgh of $3.9 billion and $4.2 billion at March 31, 2025, and December 31, 2024, respectively.
Schedule of Maturities of Long-term Debt
The following table presents the scheduled remaining maturity of long-term debt at March 31, 2025, assuming no early redemptions will occur. The amounts below include adjustments to the carrying value resulting from the application of hedge accounting. The actual payment of secured debt may vary based on the payment activity of the related pledged assets.
($ in millions)202520262027202820292030 and thereafter
Total
Unsecured
Long-term debt
$1,956 $151 $1,622 $874 $1,029 $5,691 $11,323 
Original issue discount
(56)(82)(94)(107)(123)(283)(745)
Total unsecured
1,900 69 1,528 767 906 5,408 10,578 
Secured
Long-term debt
1,872 2,153 1,402 400 41 19 5,887 
Total long-term debt
$3,772 $2,222 $2,930 $1,167 $947 $5,427 $16,465 
Schedule of Pledged Assets for the Payment of the Related Secured Borrowings and Repurchase Agreements
The following table summarizes assets restricted as collateral for the payment of the related debt obligation.
($ in millions)March 31, 2025December 31, 2024
Consumer automotive finance receivables$37,560 $38,316 
Consumer mortgage finance receivables16,997 17,269 
Commercial finance receivables6,755 6,297 
Investment securities (amortized cost of $3,657 and $2,822) (a)
3,810 2,946 
Other assets (b)599 669 
Total assets restricted as collateral (c) (d)$65,721 $65,497 
Secured debt (e)$9,226 $8,058 
(a)A portion of the restricted investment securities at March 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 11 and Note 18 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 $26.7 billion and $26.5 billion at March 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 March 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 $3.3 billion and $1.6 billion of short-term borrowings at March 31, 2025, and December 31, 2024, respectively.
v3.25.1
Accrued Expenses and Other Liabilities (Tables)
 3 Months Ended
Mar. 31, 2025
Accounts Payable and Accrued Liabilities [Abstract]  
Schedule of Accrued Expenses and Other Liabilities
The components of accrued expenses and other liabilities were as follows.
($ in millions)
March 31, 2025December 31, 2024
Accounts payable (a)$1,166 $505 
Unfunded commitments for proportional amortization investments (b)1,022 1,019 
Reserves for insurance losses and loss adjustment expenses (c)268 189 
Employee compensation and benefits232 424 
Deferred revenue125 122 
Operating lease liabilities106 111 
Other liabilities396 444 
Total accrued expenses and other liabilities (d)$3,315 $2,814 
(a)Includes payables related to the balance sheet repositioning of our available-for-sale securities portfolio as of March 31, 2025. Refer to Note 7 for additional information.
(b)Primarily relates to unfunded commitments for investments in qualified affordable housing projects.
(c)Refer to Note 5 for further information.
(d)Excludes Ally Credit Card accrued expenses and other liabilities, which were transferred to liabilities of operations held-for-sale as of March 31, 2025. Refer to Note 2 for additional information.
v3.25.1
Preferred Stock (Tables)
 3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Schedule of Preferred Stock
The following table summarizes information about our preferred stock. For additional information regarding our preferred stock, refer to Note 17 to the Consolidated Financial Statements in our 2024 Annual Report on Form 10-K.
March 31, 2025December 31, 2024
Series B preferred stock (a)
Issuance dateApril 22, 2021April 22, 2021
Carrying value ($ 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$1,000
Number of shares authorized1,000,0001,000,000
Number of shares issued and outstanding1,000,0001,000,000
Dividend/coupon
Prior to May 15, 20284.700%4.700%
On and after May 15, 2028
Seven Year Treasury + 3.481%
Seven Year Treasury + 3.481%
(a)We may, at our option, redeem the Series B and Series C shares on any dividend payment date on or after May 15, 2026, or May 15, 2028, respectively, or at any time within 90 days following a regulatory event that precludes the instruments from being included in additional Tier 1 capital.
v3.25.1
Accumulated Other Comprehensive Loss (Tables)
 3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Loss
The following table presents changes, net of tax, in each component of accumulated other comprehensive loss.
Investment securities
($ in millions)
Available-
for-sale securities (a)		Held-to-maturity securitiesTranslation adjustments and net investment hedges (b)Cash flow hedges (b)Accumulated other comprehensive loss
Balance at January 1, 2024$(3,146)$(682)$21 $(9)$(3,816)
Net change(171)15 (1)(16)(173)
Balance at March 31, 2024$(3,317)$(667)$20 $(25)$(3,989)
Balance at January 1, 2025$(3,307)$(616)$20 $(21)$(3,924)
Net change642 15 — 5 662 
Balance at March 31, 2025$(2,665)$(601)$20 $(16)$(3,262)
(a)Represents the after-tax difference between the fair value and amortized cost of our available-for-sale securities portfolio. Refer to Note 7 for additional information.
(b)For additional information on derivative instruments and hedging activities, refer to Note 19.
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.
Three months ended March 31, 2025 ($ in millions)
Before taxTax effectAfter tax
Investment securities
Available-for-sale securities
Net unrealized gains arising during the period$346 $(81)$265 
Less: Net realized losses reclassified to income from continuing operations(495)(a)118 (b)(377)
Net change841 (199)642 
Held-to-maturity securities
Less: Amortization of amounts previously recorded upon transfer from available-for-sale(20)(c)5 (b)(15)
Cash flow hedges (d)
Less: Net realized losses reclassified to income from continuing operations(7)(e)2 (b)(5)
Net change7 (2)5 
Other comprehensive income$868 $(206)$662 
(a)Includes losses reclassified to other (loss) gain on investments, net in our Condensed Consolidated Statement of Comprehensive Income (Loss) related to the balance sheet repositioning of our available-for-sale securities portfolio. Refer to Note 7 for additional information.
(b)Includes amounts reclassified to income tax expense from continuing operations in our Condensed Consolidated Statement of Comprehensive Income (Loss).
(c)Includes amounts reclassified to interest and dividends on investment securities and other earning assets in our Condensed Consolidated Statement of Comprehensive Income (Loss).
(d)For additional information on derivative instruments and hedging activities, refer to Note 19.
(e)Includes losses reclassified to interest and fees on finance receivables and loans in our Condensed Consolidated Statement of Comprehensive Income (Loss).
Three months ended March 31, 2024 ($ in millions)
Before taxTax effectAfter tax
Investment securities
Available-for-sale securities
Net unrealized losses arising during the period$(223)$53 $(170)
Less: Net realized gains reclassified to income from continuing operations1(a)— (b)1
Net change(224)53 (171)
Held-to-maturity securities
Less: Amortization of amounts previously recorded upon transfer from available-for-sale(20)(c)5 (b)(15)
Translation adjustments
Net unrealized losses arising during the period(5)1 (4)
Net investment hedges (d)
Net unrealized gains arising during the period4 (1)3 
Cash flow hedges (d)
Net unrealized losses arising during the period(22)5 (17)
Less: Net realized losses reclassified to income from continuing operations(1)(e)— (b)(1)
Net change(21)5 (16)
Other comprehensive loss$(226)$53 $(173)
(a)Includes gains reclassified to other (loss) gain on investments, net in our Condensed Consolidated Statement of Comprehensive Income (Loss).
(b)Includes amounts reclassified to income tax expense from continuing operations in our Condensed Consolidated Statement of Comprehensive Income (Loss).
(c)Includes amounts reclassified to interest and dividends on investment securities and other earning assets in our Condensed Consolidated Statement of Comprehensive Income (Loss).
(d)For additional information on derivative instruments and hedging activities, refer to Note 19.
(e)Includes losses reclassified to interest and fees on finance receivables and loans in our Condensed Consolidated Statement of Comprehensive Income (Loss).
v3.25.1
Earnings per Common Share (Tables)
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table presents the calculation of basic and diluted earnings per common share.
Three months ended March 31,
($ in millions, except per share data; shares in thousands) (a)
20252024
Net (loss) income from continuing operations$(225)$143 
Preferred stock dividends — Series B(16)(16)
Preferred stock dividends — Series C(12)(12)
Net (loss) income from continuing operations attributable to common shareholders$(253)$115 
Net (loss) income attributable to common shareholders$(253)$115 
Basic weighted-average common shares outstanding (b)309,006 306,003 
Diluted weighted-average common shares outstanding (b) (c)309,006 308,421 
Basic earnings per common share
Net (loss) income from continuing operations$(0.82)$0.38 
Net (loss) income$(0.82)$0.38 
Diluted earnings per common share
Net (loss) income from continuing operations$(0.82)$0.37 
Net (loss) income$(0.82)$0.37 
(a)Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers.
(b)Includes shares related to share-based compensation that vested but were not yet issued.
(c)Due to the antidilutive effect of the net loss from continuing operations for the three months ended March 31, 2025, basic weighted-average common shares outstanding was used to calculate basic and diluted earnings per share. During the three months ended March 31, 2025, there were 2.7 million in share-based awards excluded because their inclusion would have been antidilutive.
v3.25.1
Regulatory Capital and Other Regulatory Matters (Tables)
 3 Months Ended
Mar. 31, 2025
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]  
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations
The following table summarizes our capital ratios under U.S. Basel III.
March 31, 2025
December 31, 2024
Required minimum (a)Well-capitalized minimum
($ in millions)AmountRatioAmountRatio
Capital ratios
Common Equity Tier 1 (to risk-weighted assets)
Ally Financial Inc.$14,607 9.50 %$15,058 9.82 %4.50 %(b)
Ally Bank17,258 11.97 17,229 11.94 4.50 6.50 %
Tier 1 (to risk-weighted assets)
Ally Financial Inc.$16,863 10.97 %$17,324 11.30 %6.00 %6.00 %
Ally Bank17,258 11.97 17,229 11.94 6.00 8.00 
Total (to risk-weighted assets)
Ally Financial Inc.$19,717 12.83 %$20,182 13.16 %8.00 %10.00 %
Ally Bank19,080 13.23 19,052 13.21 8.00 10.00 
Tier 1 leverage (to adjusted quarterly average assets) (c)
Ally Financial Inc.$16,863 8.73 %$17,324 8.92 %4.00 %(b)
Ally Bank17,258 9.46 17,229 9.40 4.00 5.00 %
(a)In addition to the minimum risk-based capital requirements for the Common Equity Tier 1 capital, Tier 1 capital, and total capital ratios, Ally was required to maintain a minimum capital conservation buffer of 2.6% at both March 31, 2025, and December 31, 2024, and Ally Bank was required to maintain a minimum capital conservation buffer of 2.5% at both March 31, 2025, and December 31, 2024.
(b)Currently, there is no ratio component for determining whether a BHC is “well-capitalized.”
(c)Federal regulatory reporting guidelines require the calculation of adjusted quarterly average assets using a daily average methodology.
Schedule of Common Share Distribution Activity
The following table presents information related to our common stock and distributions to our common shareholders.
Common stock repurchased during period (a) (b)Number of common shares outstandingCash dividends declared per common share (c)
($ 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 
(a)Includes shares of common stock withheld to cover income taxes owed by participants in our share-based incentive plans.
(b)Since the commencement of our initial stock-repurchase program in the third quarter of 2016, we have reduced the number of outstanding shares of our common stock by 37%, from 484 million as of June 30, 2016, to 307 million as of March 31, 2025. Except for repurchases made of shares withheld to cover income taxes owed by participants in our share-based incentive plans, we did not make any common-stock repurchases in 2024 or the first quarter of 2025, and at this time, the Board has not authorized a stock-repurchase program for 2025.
(c)On April 15, 2025, our Board declared a quarterly cash dividend of $0.30 per share on all common stock payable on May 15, 2025, to shareholders of record at the close of business on May 1, 2025.
v3.25.1
Derivative Instruments and Hedging Activities (Tables)
 3 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position
The following table summarizes the amounts of derivative instruments reported on our Condensed Consolidated Balance Sheet. The amounts are presented on a gross basis, are segregated by derivatives that are designated and qualifying as hedging instruments or those that are not, and are further segregated by type of contract within those two categories.
Derivative contracts in a receivable and payable position exclude open trade equity on derivatives cleared through central clearing counterparties. Any associated margin exchanged with our central clearing counterparties are treated as settlements of the derivative exposure, rather than collateral. Such payments are recognized as settlements of the derivatives contracts in a receivable and payable position on our Condensed Consolidated Balance Sheet.
Notional amounts are reference amounts from which contractual obligations are derived and are not recorded on the balance sheet. In our view, derivative notional is not an accurate measure of our derivative exposure when viewed in isolation from other factors, such as market rate fluctuations and counterparty credit risk.
March 31, 2025December 31, 2024
Derivative contracts in a
Notional amount
Derivative contracts in a
Notional amount
($ in millions)
receivable position
payable position
receivable position
payable position
Derivatives designated as accounting hedges
Interest rate contracts
Swaps
$— $— $35,007 $— $— $33,300 
Purchased options
2 — 6,150 2 — 6,150 
Foreign exchange contracts
Forwards
— — 171 8 — 170 
Total derivatives designated as accounting hedges
2 — 41,328 10 — 39,620 
Derivatives not designated as accounting hedges
Interest rate contracts
Forwards— — 34 — — 109 
Written options
— — 7 1 — 63 
Total interest rate risk
— — 41 1 — 172 
Foreign exchange contracts
Forwards— — 43 1 — 47 
Total foreign exchange risk— — 43 1 — 47 
Credit contracts
Credit-linked note derivatives— — 599 — — 669 
Other credit derivatives (a)— 4 n/a— 4 n/a
Total credit risk— 4 599 — 4 669 
Total derivatives not designated as accounting hedges
— 4 683 2 4 888 
Total derivatives
$2 $4 $42,011 $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 $7 million and $10 million as of March 31, 2025, and December 31, 2024, respectively.
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The following table presents amounts recorded on our Condensed 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)
($ in millions)
March 31, 2025December 31, 2024March 31, 2025December 31, 2024March 31, 2025December 31, 2024
Assets
Available-for-sale securities (b)$15,785 $15,194 $(84)$(248)$(100)$(132)
Finance receivables and loans, net (c)41,802 34,493 (19)(51)(7)(10)
Liabilities
Long-term debt$5,378 $5,987 $86 $88 $86 $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 March 31, 2025, and December 31, 2024, the amortized cost basis and unallocated basis adjustments of the closed portfolios used in these hedging relationships was $14.2 billion and $13.9 billion, respectively, of which $14.0 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 March 31, 2025, and December 31, 2024, the total cumulative basis adjustments associated with these hedging relationships was a $88 million liability and a $209 million liability, respectively, of which the portion related to discontinued hedging relationships was a $99 million liability and a $103 million liability, respectively. At both March 31, 2025, and December 31, 2024, the notional amounts of the designated hedged items were $12.0 billion, with cumulative basis adjustments of an $11 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 7 for a reconciliation of the amortized cost 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 March 31, 2025, and December 31, 2024, the carrying value of the closed portfolios used in these hedging relationships was $41.8 billion and $34.5 billion, respectively, of which $40.9 billion and $33.4 billion, respectively, represents the carrying value of closed portfolios designated in an active hedge relationship. At March 31, 2025, and December 31, 2024, the total cumulative basis adjustments associated with these hedging relationships was a $19 million liability and a $51 million liability, respectively, of which the portion related to discontinued hedging relationships was a $7 million liability and a $10 million liability, respectively. At March 31, 2025, and December 31, 2024, the notional amounts of the designated hedged items were $21.6 billion and $20.1 billion, respectively, with cumulative basis adjustments of a $12 million liability and a $41 million liability, respectively, which would be allocated across the entire remaining closed pool upon dedesignation of the hedge relationship.
Schedule of Derivative Instruments Not Designated as Accounting Hedge
The following table summarizes the location and amounts of gains and losses on derivative instruments not designated as accounting hedges reported in our Condensed Consolidated Statement of Comprehensive Income (Loss).
Three months ended March 31,
($ in millions)20252024
Gain recognized in earnings
Interest rate contracts
Gain on mortgage and automotive loans, net$1 $5 
Total interest rate contracts1 5 
Foreign exchange contracts
Other operating expenses— 1 
Total foreign exchange contracts
— 1 
Total gain recognized in earnings$1 $6 
Schedule of Location and Amounts of Gains and Losses on Derivative Instruments
The following table summarizes the location and amounts of gains and losses on derivative instruments designated as qualifying fair value and cash flow hedges reported in our Condensed Consolidated Statement of Comprehensive Income (Loss).
Interest and fees on finance receivables and loansInterest and dividends on investment securities and other earning assetsInterest on long-term debt
Three months ended March 31, ($ in millions)
202520242025202420252024
Gain (loss) on fair value hedging relationships
Interest rate contracts 
Hedged available-for-sale securities$— $— $130 $(205)$— $— 
Derivatives designated as hedging instruments on available-for-sale securities— — (130)205 — — 
Hedged fixed-rate consumer automotive loans29 (94)— — — — 
Derivatives designated as hedging instruments on fixed-rate consumer automotive loans(29)94 — — — — 
Total gain on fair value hedging relationships— — — — — — 
Loss on cash flow hedging relationships
Interest rate contracts
Hedged variable-rate commercial loans
Reclassified from accumulated other comprehensive loss into income(7)(1)— — — — 
Total loss on cash flow hedging relationships$(7)$(1)$— $— $— $— 
Total amounts presented in the Condensed Consolidated Statement of Comprehensive Income (Loss)
$2,709 $2,827 $230 $266 $271 $248 
Schedule of Location and Amounts of Gains and Losses Related to Interest and Amortization on Derivative Instruments
The following table summarizes the location and amounts of gains and losses related to interest and amortization on derivative instruments designated as qualifying fair value and cash flow hedges reported in our Condensed Consolidated Statement of Comprehensive Income (Loss).
Interest and fees on finance receivables and loansInterest and dividends on investment securities and other earning assetsInterest on long-term debt
Three months ended March 31, ($ in millions)
202520242025202420252024
Gain on fair value hedging relationships
Interest rate contracts
Amortization of deferred unsecured debt basis adjustments$— $— $— $— $2 $2 
Amortization of deferred secured debt basis adjustments (FHLB advances)— — — — — 1 
Amortization of deferred basis adjustments of available-for-sale securities— — 5 6 — — 
Interest for qualifying accounting hedges of available-for-sale securities— — 17 48 — — 
Amortization of deferred loan basis adjustments2 5 — — — — 
Interest for qualifying accounting hedges of consumer automotive loans held for investment19 82 — — — — 
Total gain on fair value hedging relationships$21 $87 $22 $54 $2 $3 
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The following table summarizes the effect of cash flow hedges on accumulated other comprehensive loss.
Three months ended March 31,
($ in millions)20252024
Interest rate contracts
Gain (loss) recognized in other comprehensive income (loss)$7 $(21)
Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss)
The following table summarizes the effect of net investment hedges on accumulated other comprehensive loss.
Three months ended March 31,
($ in millions)20252024
Foreign exchange contracts (a) (b)
Gain recognized in other comprehensive income (loss)$— $4 
(a)There were no amounts excluded from effectiveness testing for the three months ended March 31, 2025, or 2024.
(b)Gains and losses reclassified from accumulated other comprehensive loss are reported as other income, net of losses, in the Condensed Consolidated Statement of Comprehensive Income (Loss). There were no amounts reclassified for the three months ended March 31, 2025, or 2024.
v3.25.1
Fair Value (Tables)
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on a Recurring Basis
The following tables display the assets and liabilities measured at fair value on a recurring basis including financial instruments elected for the fair value option. We often economically hedge the fair value change of our assets or liabilities with derivatives. The tables below display the hedges separately from the hedged items; therefore, they do not directly display the impact of our risk-management activities.
Recurring fair value measurements
March 31, 2025 ($ in millions)
Level 1Level 2Level 3Total
Assets
Investment securities
Equity securities (a) (b)$892 $— $— $892 
Available-for-sale securities
Debt securities
U.S. Treasury and federal agencies
2,086 — — 2,086 
U.S. States and political subdivisions
— 575 35 610 
Foreign government34 165 — 199 
Agency mortgage-backed residential
— 12,687 — 12,687 
Mortgage-backed residential
— 205 — 205 
Agency mortgage-backed commercial— 4,671 — 4,671 
Asset-backed— 74 — 74 
Corporate debt
— 1,814 — 1,814 
Total available-for-sale securities2,120 20,191 35 22,346 
Loans held-for-sale (c)— 3 3 6 
Other assets
Derivative contracts in a receivable position
Interest rate— 2 — 2 
Total derivative contracts in a receivable position— 2 — 2 
Total assets$3,012 $20,196 $38 $23,246 
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 11%. The concentration calculation excludes our investment in mutual funds and ETFs.
(b)Excludes $50 million of equity securities that are measured at fair value using the net asset value practical expedient and therefore are not classified in the fair value hierarchy.
(c)Consumer mortgage loans carried at fair value due to fair value option elections.
Recurring fair value measurements
December 31, 2024 ($ 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 currency— 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%. The concentration calculation excludes our investment in mutual funds and ETFs.
(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 $— 
Net realized/unrealized gains
Included in earnings— — — — — — 
Included in OCI— — — — — — 
Purchases and originations— — — 2 8 — 
Sales— — — — (10)— 
Issuances— — — — — — 
Settlements— — — — — — 
Transfers into Level 3— — — — — — 
Transfers out of Level 3— (1)— — — — 
Fair value at March 31,$— $— $35 $11 $3 $— 
Net unrealized gains still held at March 31,
Included in earnings$— $— $— $— $— $— 
Included in OCI— — — — — — 
(a)Consumer mortgage loans carried at fair value due to fair value option elections.
Derivative liabilities, net of derivative assets (a)
($ in millions)20252024
Liabilities
Fair value at January 1,$3 $8 
Net realized/unrealized gains
Included in earnings(1)(4)
Included in OCI— — 
Purchases and originations— — 
Sales— — 
Issuances— — 
Settlements— — 
Transfers into Level 3— — 
Transfers out of Level 3 (b)2 4 
Fair value at March 31, $4 $8 
Net unrealized gains still held at March 31,
Included in earnings$— $(2)
Included in OCI— — 
(a)Net realized/unrealized gains are reported as gain on mortgage and automotive loans, net, and other income, net of losses, in the Condensed Consolidated Statement of Comprehensive Income (Loss).
(b)Represents the settlement value of interest rate derivative assets that are transferred to loans held-for-sale within Level 2 of the fair value hierarchy during both the three months ended March 31, 2025, and March 31, 2024. These transfers are deemed to have occurred at the end of the reporting period.
Schedule of Fair Value Measurements - Nonrecurring Basis
The following table displays assets and liabilities of our held-for-sale operations measured at fair value on a nonrecurring basis and held at March 31, 2025. The disposal group was sold on April 1, 2025. Refer to Note 21 for descriptions of valuation methodologies used to measure material assets at fair value and details of the valuation models, key inputs to these models, and significant assumptions used.
Nonrecurring fair value measurements
Lower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustments
Total gain (loss) included in earnings
March 31, 2025 ($ in millions)
Level 1
Level 2
Level 3
Total
Assets
Loans held-for-sale, net$— $2,248 $— $2,248 $— n/m(a)
Other assets (b) (c)— 199 — 199 (307)(7)(d)
Total assets
$— $2,447 $— $2,447 $(307)$(7)
Liabilities
Accrued expenses and other liabilities$— $35 $— $35 $— n/m(a)
Total liabilities$— $35 $— $35 $— n/m
n/m = not meaningful
(a)We consider the applicable valuation allowance, 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.
(b)Includes a $305 million impairment of goodwill at Ally Credit Card. At the time of impairment, the fair value of goodwill was classified as Level 2 under the fair value hierarchy.
(c)Includes a $2 million impairment of other assets related to Ally Credit Card branded plastics acquired by the purchaser. At the time of impairment, the fair value of other assets was classified as Level 2 under the fair value hierarchy.
(d)Represents estimated costs to sell related to the transaction.
The following tables display assets and liabilities measured at fair value on a nonrecurring basis and still held at March 31, 2025, and December 31, 2024, respectively. The amounts are generally as of the end of each period presented, which approximate the fair value measurements that occurred during each period. These tables exclude operations held-for-sale, refer to Note 2 for additional information.
Nonrecurring fair value measurements
Lower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustments
Total gain (loss) included in earnings
March 31, 2025 ($ in millions)
Level 1
Level 2
Level 3
Total
Assets
Loans held-for-sale, net$— $— $203 $203 $— n/m(a)
Commercial finance receivables and loans, net (b)
Automotive
— — 77 77 (16)n/m(a)
Other
— — 21 21 (67)n/m(a)
Total commercial finance receivables and loans, net
— — 98 98 (83)n/m(a)
Other assets
Repossessed and foreclosed assets (c)— — 10 10 (2)n/m(a)
Total assets
$— $— $311 $311 $(85)n/m
n/m = not meaningful
(a)We consider the applicable valuation allowance, allowance for loan losses, or cumulative adjustments to be the most relevant indicator of the impact on earnings caused by the fair value measurement. Accordingly, the table above excludes total gains and losses included in earnings for these items. The carrying values are inclusive of the respective valuation reserve, loan loss allowance, or cumulative adjustment.
(b)Represents collateral-dependent loans held for investment for which a nonrecurring measurement was made. The related allowance for loan losses represents the cumulative fair value adjustments for those specific receivables.
(c)The allowance provided for repossessed and foreclosed assets represents any cumulative valuation adjustment recognized to adjust the assets to fair value.
Nonrecurring fair value measurementsLower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustmentsTotal gain (loss) included in earnings
December 31, 2024 ($ 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 allowance, 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 $118 million impairment of goodwill at Ally Credit Card. Refer to Note 11 for further discussion.
(d)The allowance provided for repossessed and foreclosed assets represents any cumulative valuation adjustment recognized to adjust the assets to fair value.
Schedule of Fair Value, by Balance Sheet Grouping
The following table presents the carrying and estimated fair value of financial instruments, except for those recorded at fair value on a recurring basis presented in the previous section of this note titled Recurring Fair Value. This table excludes operations held-for-sale, refer to Note 2 for additional information. When possible, we use quoted market prices to determine fair value. Where quoted market prices are not available, the fair value is internally derived based on appropriate valuation methodologies with respect to the amount and timing of future cash flows and estimated discount rates. However, considerable judgment is required in interpreting current market data to develop the market assumptions and inputs necessary to estimate fair value. As such, the actual amount received to sell an asset or the amount paid to settle a liability could differ from our estimates. Fair value information presented herein was based on information available at March 31, 2025, and December 31, 2024.
Estimated fair value
($ in millions)
Carrying value
Level 1
Level 2
Level 3
Total
March 31, 2025
Financial assets
Held-to-maturity securities
$4,668 $— $4,670 $— $4,670 
Loans held-for-sale, net
203 — — 203 203 
Finance receivables and loans, net
130,087 — — 132,614 132,614 
FHLB/FRB stock (a)
693 — 693 — 693 
Financial liabilities
Deposit liabilities
$42,459 $— $— $42,591 $42,591 
Short-term borrowings
3,339 — — 3,345 3,345 
Long-term debt
16,465 — 12,880 4,651 17,531 
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 $47,403 
Short-term borrowings1,625 — — 1,625 1,625 
Long-term debt17,495 — 13,535 4,982 18,517 
(a)Included in other assets on our Condensed Consolidated Balance Sheet.
v3.25.1
Offsetting Assets and Liabilities (Tables)
 3 Months Ended
Mar. 31, 2025
Offsetting [Abstract]  
Schedule of Offsetting Assets
The composition of offsetting derivative instruments, financial assets, and financial liabilities was as follows.
Gross amounts of recognized assets/liabilitiesGross amounts offset on the Condensed Consolidated Balance SheetNet amounts of assets/liabilities presented on the Condensed Consolidated Balance SheetGross amounts not offset on the Condensed Consolidated Balance Sheet
($ in millions)
Financial instruments
Collateral (a) (b) (c)
Net amount
March 31, 2025
Assets
Derivative assets$2 $— $2 $— $(2)$— 
Total assets
$2 $— $2 $— $(2)$— 
Liabilities
Derivative liabilities (d)$4 $— $4 $— $— $4 
Securities sold under agreements to repurchase (e)889 — 889 — (889)— 
Total liabilities$893 $— $893 $— $(889)$4 
December 31, 2024
Assets
Derivative assets (f)$12 $— $12 $— $(10)$2 
Total assets
$12 $— $12 $— $(10)$2 
Liabilities
Derivative liabilities (d)$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 Condensed 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)Includes derivative liabilities with no offsetting arrangements of $4 million as of both March 31, 2025, and December 31, 2024.
(e)For additional information on securities sold under agreements to repurchase, refer to Note 13.
(f)Includes derivative assets with no offsetting arrangements of $1 million as of December 31, 2024.
Schedule of Offsetting Liabilities
The composition of offsetting derivative instruments, financial assets, and financial liabilities was as follows.
Gross amounts of recognized assets/liabilitiesGross amounts offset on the Condensed Consolidated Balance SheetNet amounts of assets/liabilities presented on the Condensed Consolidated Balance SheetGross amounts not offset on the Condensed Consolidated Balance Sheet
($ in millions)
Financial instruments
Collateral (a) (b) (c)
Net amount
March 31, 2025
Assets
Derivative assets$2 $— $2 $— $(2)$— 
Total assets
$2 $— $2 $— $(2)$— 
Liabilities
Derivative liabilities (d)$4 $— $4 $— $— $4 
Securities sold under agreements to repurchase (e)889 — 889 — (889)— 
Total liabilities$893 $— $893 $— $(889)$4 
December 31, 2024
Assets
Derivative assets (f)$12 $— $12 $— $(10)$2 
Total assets
$12 $— $12 $— $(10)$2 
Liabilities
Derivative liabilities (d)$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 Condensed 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)Includes derivative liabilities with no offsetting arrangements of $4 million as of both March 31, 2025, and December 31, 2024.
(e)For additional information on securities sold under agreements to repurchase, refer to Note 13.
(f)Includes derivative assets with no offsetting arrangements of $1 million as of December 31, 2024.
v3.25.1
Segment Information (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Financial information for our reportable operating segments is summarized as follows.
Three months ended March 31, ($ in millions)
Automotive Finance operationsInsurance operationsCorporate Finance operationsCorporate and OtherConsolidated (a)
2025
Net financing revenue and other interest income
Total financing revenue and other interest income$2,571 $44 $221 $557 $3,393 
Total interest expense1,065 14 117 479 1,675 
Net depreciation expense on operating lease assets240 — — — 240 
Net financing revenue and other interest income1,266 30 104 78 1,478 
Other revenue97 364 29 (427)63 
Total net revenue1,363 394 133 (349)1,541 
Provision for credit losses434 — 14 (257)191 
Noninterest expense
Compensation and benefits expense183 30 25 267 505 
Insurance losses and loss adjustment expenses— 161 — — 161 
Goodwill impairment— — — 305 305 
Other operating expenses
Technology and communications expenses29 5 1 68 103 
Other (b)342 196 17 5 560 
Total other operating expenses371 201 18 73 663 
Total noninterest expense554 392 43 645 1,634 
Income (loss) from continuing operations before income tax expense (benefit)$375 $2 $76 $(737)$(284)
Total assets$111,672 $9,489 $11,002 $61,168 $193,331 
2024
Net financing revenue and other interest income
Total financing revenue and other interest income$2,576 $39 $269 $698 $3,582 
Total interest expense1,010 13 149 750 1,922 
Net depreciation expense on operating lease assets192 — — — 192 
Net financing revenue and other interest income1,374 26 120 (52)1,468 
Other revenue97 384 23 26 530 
Total net revenue1,471 410 143 (26)1,998 
Provision for credit losses448 — (1)60 507 
Noninterest expense
Compensation and benefits expense178 28 27 286 519 
Insurance losses and loss adjustment expenses— 112 — — 112 
Other operating expenses
Technology and communications expenses32 5 1 68 106 
Other (b)333 195 16 27 571 
Total other operating expenses365 200 17 95 677 
Total noninterest expense543 340 44 381 1,308 
Income (loss) from continuing operations before income tax expense (benefit)$480 $70 $100 $(467)$183 
Total assets$114,464 $9,100 $10,410 $58,826 $192,800 
(a)Net financing revenue and other interest income after the provision for credit losses totaled $1.3 billion and $961 million for the three months ended March 31, 2025, and 2024, respectively.
(b)Primarily consists of insurance commissions, property and equipment depreciation, and advertising and marketing expenses. Refer to Note 6 for additional information.
v3.25.1
Held-for-sale Operations - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Provision for credit losses $ (191)   $ (507)  
Goodwill impairment 305   $ 0 $ 118
Corporate and Other        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Goodwill impairment 305     118
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      
Provision for credit losses 306      
Impairment of other assets 2      
Valuation allowance on other assets 7      
Disposal Group, Held-for-Sale or Disposed of by Sale, Not Discontinued Operations | Ally Credit Card | Corporate and Other        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Goodwill impairment $ 305 $ 118   $ 118
v3.25.1
Held-for-sale Operations - Schedule of Assets and Liabilities of Operations Held-for-Sale (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Assets    
Total assets $ 2,440 $ 0
Liabilities    
Total liabilities 35 $ 0
Disposal Group, Held-for-Sale or Disposed of by Sale, Not Discontinued Operations | Ally Credit Card    
Assets    
Loans held-for-sale, net 2,248  
Other assets 192  
Total assets 2,440  
Liabilities    
Accrued expenses and other liabilities 35  
Total liabilities 35  
Goodwill 56  
Intangible assets 51  
Cash in transit 51  
Accrued unbilled interest receivable $ 20  
v3.25.1
Held-for-sale Operations - Schedule of Fair Value Measurements - Nonrecurring Basis (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Dec. 31, 2024
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2024
Assets          
Total assets $ 0 $ 2,440 $ 0   $ 0
Liabilities          
Total liabilities 0 35 0   0
Goodwill impairment   305   $ 0 118
Corporate and Other          
Liabilities          
Goodwill impairment   305     118
Nonrecurring fair value measurements          
Liabilities          
Lower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustments 0 0 0   0
Goodwill impairment $ 118        
Disposal Group, Held-for-Sale or Disposed of by Sale, Not Discontinued Operations | Ally Credit Card          
Assets          
Loans held-for-sale, net   2,248      
Other assets   192      
Total assets   2,440      
Liabilities          
Accrued expenses and other liabilities   35      
Total liabilities   35      
Impairment of other assets   2      
Disposal Group, Held-for-Sale or Disposed of by Sale, Not Discontinued Operations | Ally Credit Card | Corporate and Other          
Liabilities          
Goodwill impairment   305 $ 118   $ 118
Disposal Group, Held-for-Sale or Disposed of by Sale, Not Discontinued Operations | Nonrecurring fair value measurements | Ally Credit Card          
Assets          
Loans held-for-sale, net   2,248      
Other assets   199      
Total assets   2,447      
Liabilities          
Accrued expenses and other liabilities   35      
Total liabilities   35      
Lower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustments   (307)      
Total gain (loss) included in earnings   (7)      
Disposal Group, Held-for-Sale or Disposed of by Sale, Not Discontinued Operations | Level 1 | Nonrecurring fair value measurements | Ally Credit Card          
Assets          
Loans held-for-sale, net   0      
Other assets   0      
Total assets   0      
Liabilities          
Accrued expenses and other liabilities   0      
Total liabilities   0      
Disposal Group, Held-for-Sale or Disposed of by Sale, Not Discontinued Operations | Level 2 | Nonrecurring fair value measurements | Ally Credit Card          
Assets          
Loans held-for-sale, net   2,248      
Other assets   199      
Total assets   2,447      
Liabilities          
Accrued expenses and other liabilities   35      
Total liabilities   35      
Disposal Group, Held-for-Sale or Disposed of by Sale, Not Discontinued Operations | Level 3 | Nonrecurring fair value measurements | Ally Credit Card          
Assets          
Loans held-for-sale, net   0      
Other assets   0      
Total assets   0      
Liabilities          
Accrued expenses and other liabilities   0      
Total liabilities   $ 0      
v3.25.1
Revenue from Contracts with Customers (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers $ 323 $ 244    
All other revenue (260) 286    
Total other revenue 63 530    
Remarketing gains (loss), net (19) 46    
Corporate and Other        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 40 32    
All other revenue (467) (6)    
Total other revenue (427) 26    
Automotive Finance operations        
Disaggregation of Revenue [Line Items]        
Remarketing gains (loss), net (19) 46    
Automotive Finance operations | Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 36 35    
All other revenue 61 62    
Total other revenue 97 97    
Insurance operations | Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 247 177    
All other revenue 117 207    
Total other revenue 364 384    
Corporate Finance operations | Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0    
All other revenue 29 23    
Total other revenue 29 23    
Noninsurance contracts        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 241 173    
Noninsurance contracts | Corporate and Other        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0    
Noninsurance contracts | Automotive Finance operations | Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0    
Noninsurance contracts | Insurance operations        
Disaggregation of Revenue [Line Items]        
Unearned revenue, remaining performance obligation, amount 3,000 2,900 $ 3,000 $ 3,000
Unearned revenue, revenue recognized 238 248    
Capitalized contract cost, net 1,800 1,800 $ 1,800 $ 1,800
Capitalized contract cost, amortization 141 147    
Noninsurance contracts | Insurance operations | Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 241 173    
Noninsurance contracts | Insurance operations | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01        
Disaggregation of Revenue [Line Items]        
Unearned revenue, remaining performance obligation, amount $ 649      
Remaining performance obligation, expected timing of satisfaction, period 9 months      
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 $ 742      
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 $ 595      
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 $ 436      
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 $ 535      
Remaining performance obligation, expected timing of satisfaction, period      
Noninsurance contracts | Corporate Finance operations | Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers $ 0 0    
Remarketing fee income        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 31 30    
Remarketing fee income | Corporate and Other        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0    
Remarketing fee income | Automotive Finance operations | Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 31 30    
Remarketing fee income | Insurance operations | Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0    
Remarketing fee income | Corporate Finance operations | Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0    
Brokerage commissions and other revenue        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 20 23    
Brokerage commissions and other revenue | Corporate and Other        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 20 23    
Brokerage commissions and other revenue | Automotive Finance operations | Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0    
Brokerage commissions and other revenue | Insurance operations | Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0    
Brokerage commissions and other revenue | Corporate Finance operations | Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0    
Banking fees and interchange income        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 19 9    
Customer rewards expense 6 6    
Banking fees and interchange income | Corporate and Other        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 19 9    
Banking fees and interchange income | Automotive Finance operations | Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0    
Banking fees and interchange income | Insurance operations | Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0    
Banking fees and interchange income | Corporate Finance operations | Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0    
Brokered/agent commissions        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 5 4    
Brokered/agent commissions | Corporate and Other        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0    
Brokered/agent commissions | Automotive Finance operations | Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0    
Brokered/agent commissions | Insurance operations | Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 5 4    
Brokered/agent commissions | Corporate Finance operations | Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 0 0    
Other        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 7 5    
Other | Corporate and Other        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 1 0    
Other | Automotive Finance operations | Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 5 5    
Other | Insurance operations | Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers 1 0    
Other | Corporate Finance operations | Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from contracts with customers $ 0 $ 0    
v3.25.1
Other Income, Net of Losses (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Other Nonoperating Income (Expense) [Abstract]    
Late charges and other administrative fees $ 51 $ 54
Remarketing fees 31 30
Income (loss) from equity-method investments 26 (8)
Other, net 89 74
Total other income, net of losses $ 197 $ 150
v3.25.1
Reserves for Insurance Losses and Loss Adjustment Expenses (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]        
Total gross reserves for insurance losses and loss adjustment expenses, beginning balance $ 189 $ 140    
Less: Reinsurance recoverable 60 66    
Net reserves for insurance losses and loss adjustment expenses 192 87 $ 129 $ 74
Current year 161 103    
Prior years 0 9    
Total net insurance losses and loss adjustment expenses incurred 161 112    
Current year (44) (57)    
Prior years (54) (42)    
Total net insurance losses and loss adjustment expenses paid or payable (98) (99)    
Plus: Reinsurance recoverable 76 77    
Total gross reserves for insurance losses and loss adjustment expenses, ending balance $ 268 $ 164    
v3.25.1
Other Operating Expenses (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Expenses [Abstract]    
Insurance commissions $ 161 $ 161
Technology and communications 103 106
Property and equipment depreciation 63 57
Advertising and marketing 61 73
Lease and loan administration 46 48
Regulatory and licensing fees 44 54
Vehicle remarketing and repossession 33 33
Professional services 31 31
Amortization of intangible assets 3 6
Other 118 108
Total other operating expenses $ 663 $ 677
v3.25.1
Investment Securities - Schedule of Investment Portfolio (Details) - USD ($)
 3 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Available-for-sale securities    
Amortized cost $ 25,772,000,000 $ 26,810,000,000
Gross unrealized gains 22,000,000 5,000,000
Gross unrealized losses (3,448,000,000) (4,405,000,000)
Fair value 22,346,000,000 22,410,000,000
Held-to-maturity securities    
Amortized cost 4,668,000,000 4,346,000,000
Gross unrealized gains 179,000,000 143,000,000
Gross unrealized losses (177,000,000) (196,000,000)
Fair value 4,670,000,000 4,293,000,000
Debt securities, available-for-sale, accrued interest receivable $ 81,000,000 $ 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 13,000,000 13,000,000
Asset Pledged as Collateral with Right    
Available-for-sale securities    
Fair value 4,200,000,000 3,400,000,000
Held-to-maturity securities    
Securities with the right to sell or pledge 1,300,000,000 439,000,000
Asset Pledged as Collateral with Right | Federal Home Loan Bank advances    
Held-to-maturity securities    
Securities with the right to sell or pledge 2,900,000,000 2,900,000,000
U.S. Treasury and federal agencies    
Available-for-sale securities    
Amortized cost 2,150,000,000 2,073,000,000
Gross unrealized gains 5,000,000 0
Gross unrealized losses (69,000,000) (200,000,000)
Fair value 2,086,000,000 1,873,000,000
U.S. States and political subdivisions    
Available-for-sale securities    
Amortized cost 700,000,000 704,000,000
Gross unrealized gains 0 0
Gross unrealized losses (90,000,000) (87,000,000)
Fair value 610,000,000 617,000,000
Foreign government    
Available-for-sale securities    
Amortized cost 200,000,000 198,000,000
Gross unrealized gains 2,000,000 1,000,000
Gross unrealized losses (3,000,000) (5,000,000)
Fair value 199,000,000 194,000,000
Agency mortgage-backed residential    
Available-for-sale securities    
Amortized cost 15,096,000,000 16,765,000,000
Gross unrealized gains 2,000,000 0
Gross unrealized losses (2,411,000,000) (3,112,000,000)
Fair value 12,687,000,000 13,653,000,000
Held-to-maturity securities    
Amortized cost 1,332,000,000 935,000,000
Gross unrealized gains 1,000,000 0
Gross unrealized losses (176,000,000) (196,000,000)
Fair value 1,157,000,000 739,000,000
Hedged asset, fair value hedge, cumulative increase (decrease) 4,000,000  
Hedged liability, fair value hedge, cumulative increase (decrease)   72,000,000
Mortgage-backed residential    
Available-for-sale securities    
Amortized cost 245,000,000 249,000,000
Gross unrealized gains 0 0
Gross unrealized losses (40,000,000) (43,000,000)
Fair value 205,000,000 206,000,000
Held-to-maturity securities    
Amortized cost 3,259,000,000 3,323,000,000
Gross unrealized gains 177,000,000 142,000,000
Gross unrealized losses (1,000,000) 0
Fair value 3,435,000,000 3,465,000,000
Agency mortgage-backed commercial    
Available-for-sale securities    
Amortized cost 5,399,000,000 4,819,000,000
Gross unrealized gains 6,000,000 1,000,000
Gross unrealized losses (734,000,000) (836,000,000)
Fair value 4,671,000,000 3,984,000,000
Held-to-maturity securities    
Hedged asset, fair value hedge, cumulative increase (decrease) 7,000,000  
Hedged liability, fair value hedge, cumulative increase (decrease)   34,000,000
Asset-backed    
Available-for-sale securities    
Amortized cost 75,000,000 131,000,000
Gross unrealized gains 0 0
Gross unrealized losses (1,000,000) (2,000,000)
Fair value 74,000,000 129,000,000
Held-to-maturity securities    
Amortized cost 77,000,000 88,000,000
Gross unrealized gains 1,000,000 1,000,000
Gross unrealized losses 0 0
Fair value 78,000,000 89,000,000
Corporate debt    
Available-for-sale securities    
Amortized cost 1,907,000,000 1,871,000,000
Gross unrealized gains 7,000,000 3,000,000
Gross unrealized losses (100,000,000) (120,000,000)
Fair value $ 1,814,000,000 $ 1,754,000,000
v3.25.1
Investment Securities - Schedule of Investments Classified by Contractual Maturity Date (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Amount    
Total available-for-sale securities $ 22,346 $ 22,410
Due in one year or less 327 327
Due after one year through five years 3,460 2,438
Due after five years through ten years 3,481 3,371
Due after ten years $ 15,078 $ 16,274
Yield    
Total 2.90% 2.50%
Due in one year or less 2.30% 2.30%
Due after one year through five years 3.60% 2.20%
Due after five years through ten years 3.00% 2.60%
Due after ten years 2.80% 2.60%
Amortized cost of available-for-sale securities    
Total $ 25,772 $ 26,810
Due in one year or less 330 330
Due after one year through five years 3,510 2,579
Due after five years through ten years 3,838 3,844
Due after ten years 18,094 20,057
Amount    
Total 4,668 4,346
Due in one year or less 0 0
Due after one year through five years 55 64
Due after five years through ten years 31 33
Due after ten years $ 4,582 $ 4,249
Yield    
Total 3.10% 2.90%
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 5.00% 5.00%
Due after ten years 3.00% 2.80%
Cash equivalents $ 451 $ 106
U.S. Treasury and federal agencies    
Amount    
Total available-for-sale securities 2,086 1,873
Due in one year or less 39 54
Due after one year through five years 1,590 1,087
Due after five years through ten years 457 732
Due after ten years $ 0 $ 0
Yield    
Total 3.40% 1.60%
Due in one year or less 0.70% 1.00%
Due after one year through five years 3.90% 1.50%
Due after five years through ten years 1.90% 1.90%
Due after ten years 0.00% 0.00%
Amortized cost of available-for-sale securities    
Total $ 2,150 $ 2,073
U.S. States and political subdivisions    
Amount    
Total available-for-sale securities 610 617
Due in one year or less 39 33
Due after one year through five years 68 72
Due after five years through ten years 85 86
Due after ten years $ 418 $ 426
Yield    
Total 3.50% 3.40%
Due in one year or less 5.60% 6.20%
Due after one year through five years 3.40% 3.10%
Due after five years through ten years 4.10% 4.10%
Due after ten years 3.20% 3.20%
Amortized cost of available-for-sale securities    
Total $ 700 $ 704
Foreign government    
Amount    
Total available-for-sale securities 199 194
Due in one year or less 27 33
Due after one year through five years 63 51
Due after five years through ten years 109 110
Due after ten years $ 0 $ 0
Yield    
Total 2.70% 2.70%
Due in one year or less 2.10% 2.10%
Due after one year through five years 2.50% 2.50%
Due after five years through ten years 2.90% 2.90%
Due after ten years 0.00% 0.00%
Amortized cost of available-for-sale securities    
Total $ 200 $ 198
Agency mortgage-backed residential    
Amount    
Total available-for-sale securities 12,687 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 276 23
Due after ten years $ 12,410 $ 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 5.50% 2.50%
Due after ten years 2.80% 2.60%
Amortized cost of available-for-sale securities    
Total $ 15,096 $ 16,765
Amount    
Total 1,332 935
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 $ 1,332 $ 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 liability, fair value hedge, cumulative increase (decrease)   $ 72
Mortgage-backed residential    
Amount    
Total available-for-sale securities $ 205 206
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 $ 205 $ 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 of available-for-sale securities    
Total $ 245 $ 249
Amount    
Total 3,259 3,323
Due in one year or less 0 0
Due after one year through five years 0 0
Due after five years through ten years 9 9
Due after ten years $ 3,250 $ 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 0.00% 0.00%
Due after five years through ten years 3.40% 3.10%
Due after ten years 2.80% 2.80%
Agency mortgage-backed commercial    
Amount    
Total available-for-sale securities $ 4,671 $ 3,984
Due in one year or less 23 23
Due after one year through five years 930 339
Due after five years through ten years 1,815 1,724
Due after ten years $ 1,903 $ 1,898
Yield    
Total 2.70% 2.50%
Due in one year or less 3.10% 3.10%
Due after one year through five years 4.00% 3.70%
Due after five years through ten years 2.60% 2.50%
Due after ten years 2.10% 2.10%
Amortized cost of available-for-sale securities    
Total $ 5,399 $ 4,819
Yield    
Hedged liability, fair value hedge, cumulative increase (decrease)   34
Asset-backed    
Amount    
Total available-for-sale securities 74 129
Due in one year or less 1 0
Due after one year through five years 73 128
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 3.30% 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 of available-for-sale securities    
Total $ 75 $ 131
Amount    
Total 77 88
Due in one year or less 0 0
Due after one year through five years 55 64
Due after five years through ten years 22 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 5.60% 5.60%
Due after ten years 0.00% 0.00%
Corporate debt    
Amount    
Total available-for-sale securities $ 1,814 $ 1,754
Due in one year or less 198 184
Due after one year through five years 735 754
Due after five years through ten years 739 695
Due after ten years $ 142 $ 121
Yield    
Total 3.20% 3.10%
Due in one year or less 2.90% 3.00%
Due after one year through five years 2.60% 2.60%
Due after five years through ten years 3.60% 3.30%
Due after ten years 5.50% 5.30%
Amortized cost of available-for-sale securities    
Total $ 1,907 $ 1,871
v3.25.1
Investment Securities - Schedule of Investment Income (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]    
Taxable interest $ 210 $ 245
Taxable dividends 5 4
Interest and dividends exempt from U.S. federal income tax 6 6
Interest and dividends on investment securities $ 221 $ 255
v3.25.1
Investment Securities - Schedule Of Realized Gain (Loss) (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]    
Gross realized gains $ 0 $ 1
Gross realized losses (495) 0
Net realized (loss) gain on available-for-sale securities (495) 1
Net realized gain on equity securities 8 17
Net unrealized (loss) gain on equity securities (12) 11
Other (loss) gain on investments, net $ (499) $ 29
v3.25.1
Investment securities - Schedule of Investments Classified by Credit Rating (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities $ 4,668 $ 4,346
Agency mortgage-backed residential    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 1,332 935
Mortgage-backed residential    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 3,259 3,323
Asset-backed    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 77 88
AAA    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 3,250 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 3,180 3,241
AAA | Asset-backed    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 70 81
AA    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 1,411 1,016
AA | Agency mortgage-backed residential    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 1,332 935
AA | Mortgage-backed residential    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 75 78
AA | Asset-backed    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 4 3
A    
Schedule of Held-to-maturity Securities [Line Items]    
Held-to-maturity securities 6 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 4 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
v3.25.1
Investment Securities - Schedule of Unrealized Loss on Investments (Details) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Less than 12 months    
Fair value $ 1,369,000,000 $ 947,000,000
Unrealized loss (14,000,000) (22,000,000)
12 months or longer    
Fair value 16,975,000,000 21,069,000,000
Unrealized loss (3,434,000,000) (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 595,000,000 1,873,000,000
Unrealized loss (69,000,000) (200,000,000)
U.S. States and political subdivisions    
Less than 12 months    
Fair value 43,000,000 87,000,000
Unrealized loss (2,000,000) (2,000,000)
12 months or longer    
Fair value 495,000,000 472,000,000
Unrealized loss (88,000,000) (85,000,000)
Foreign government    
Less than 12 months    
Fair value 16,000,000 40,000,000
Unrealized loss (1,000,000) 0
12 months or longer    
Fair value 92,000,000 112,000,000
Unrealized loss (2,000,000) (5,000,000)
Agency mortgage-backed residential    
Less than 12 months    
Fair value 906,000,000 127,000,000
Unrealized loss (4,000,000) (3,000,000)
12 months or longer    
Fair value 10,712,000,000 13,518,000,000
Unrealized loss (2,407,000,000) (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 205,000,000 206,000,000
Unrealized loss (40,000,000) (43,000,000)
Agency mortgage-backed commercial    
Less than 12 months    
Fair value 217,000,000 428,000,000
Unrealized loss (4,000,000) (11,000,000)
12 months or longer    
Fair value 3,534,000,000 3,445,000,000
Unrealized loss (730,000,000) (825,000,000)
Asset-backed    
Less than 12 months    
Fair value 0 0
Unrealized loss 0 0
12 months or longer    
Fair value 71,000,000 124,000,000
Unrealized loss (1,000,000) (2,000,000)
Corporate debt    
Less than 12 months    
Fair value 187,000,000 265,000,000
Unrealized loss (3,000,000) (6,000,000)
12 months or longer    
Fair value 1,271,000,000 1,319,000,000
Unrealized loss $ (97,000,000) $ (114,000,000)
v3.25.1
Finance Receivables and Loans, Net - Schedule of Accounts, Notes, Loans and Financing Receivables (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total finance receivables and loans $ 133,485 $ 136,030
Unamortized premiums and discounts and deferred fees and costs 2,300 2,300
Accrued interest receivable 757 839
Consumer    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total finance receivables and loans 100,831 103,285
Consumer | Automotive    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total finance receivables and loans 83,868 83,757
Consumer | Consumer mortgage finance receivables    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total finance receivables and loans 16,963 17,234
Interest-only mortgage loans 12 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 32,654 32,745
Commercial | Automotive    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total finance receivables and loans 16,939 18,259
Commercial | Consumer mortgage finance receivables    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total finance receivables and loans 6,731 6,274
Commercial | Other    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total finance receivables and loans $ 8,984 $ 8,212
v3.25.1
Finance Receivables and Loans, Net - Schedule of Allowance for Credit Losses on Financing Receivables (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]      
Allowance, beginning balance $ 3,714 $ 3,587 $ 3,587
Charge-offs (745) (758) (2,948)
Recoveries 238 219  
Net charge-offs (507) (539)  
Write-downs from transfers to held-for-sale   (5)  
Provision for credit losses 191 507  
Other 0    
Allowance, ending balance 3,398 3,550 3,714
Consumer      
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]      
Charge-offs (744)   (2,945)
Consumer | Automotive      
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]      
Allowance, beginning balance 3,170 3,083 3,083
Charge-offs (676) (688) (2,681)
Recoveries 231 211  
Net charge-offs (445) (477)  
Write-downs from transfers to held-for-sale   (5) (5)
Provision for credit losses 418 449  
Other 1    
Allowance, ending balance 3,144 3,050 3,170
Consumer | Consumer mortgage finance receivables      
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]      
Allowance, beginning balance 19 21 21
Charge-offs 0 (1) (2)
Recoveries 1 1  
Net charge-offs 1 0  
Write-downs from transfers to held-for-sale   0  
Provision for credit losses 0 0  
Other (2)    
Allowance, ending balance 18 21 19
Consumer | Consumer other      
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]      
Allowance, beginning balance 319 293 293
Charge-offs (68) (68) (262)
Recoveries 5 6  
Net charge-offs (63) (62)  
Write-downs from transfers to held-for-sale   0  
Provision for credit losses (257) 60  
Other 1    
Allowance, ending balance 0 291 319
Commercial      
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]      
Allowance, beginning balance 206 190 190
Charge-offs (1) (1) (3)
Recoveries 1 1  
Net charge-offs 0 0  
Write-downs from transfers to held-for-sale   0  
Provision for credit losses 30 (2)  
Other 0    
Allowance, ending balance 236 $ 188 206
Commercial | Automotive      
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]      
Charge-offs $ (1)   $ (3)
v3.25.1
Finance Receivables and Loans, Net - Schedule of Sales of Financing Receivables and Loans (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total sales and transfers $ 2,321 $ 1,153
Consumer | Automotive    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total sales and transfers 0 1,108
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 $ 73 $ 45
v3.25.1
Finance Receivables and Loans, Net - Schedule of Purchases of Financing Receivables and Loans (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total purchases of finance receivables and loans $ 757 $ 985
Consumer | Automotive    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total purchases of finance receivables and loans 749 981
Consumer | Consumer mortgage finance receivables    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total purchases of finance receivables and loans $ 8 $ 4
v3.25.1
Finance Receivables and Loans, Net - Schedule of Financing Receivables, Nonaccrual Status (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Receivables [Abstract]        
Financing receivable, nonaccrual, interest income $ 4 $ 5    
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Financing receivable, recorded investment, nonaccrual status 1,417   $ 1,486 $ 1,394
Financing receivable, nonaccrual, with no allowance 502   518  
Consumer        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Financing receivable, recorded investment, nonaccrual status 1,223   1,375 1,275
Financing receivable, nonaccrual, with no allowance 487   512  
Consumer | Automotive        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Financing receivable, recorded investment, nonaccrual status 1,167   1,231 1,129
Financing receivable, nonaccrual, with no allowance 449   476  
Consumer | Consumer mortgage finance receivables        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Financing receivable, recorded investment, nonaccrual status 56   54 54
Financing receivable, nonaccrual, with no allowance 38   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 194   111 119
Financing receivable, nonaccrual, with no allowance 15   6  
Commercial | Automotive        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Financing receivable, recorded investment, nonaccrual status 79   15 18
Financing receivable, nonaccrual, with no allowance 3   0  
Commercial | Consumer mortgage finance receivables        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Financing receivable, recorded investment, nonaccrual status 21   2 3
Financing receivable, nonaccrual, with no allowance 9   2  
Commercial | Other        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Financing receivable, recorded investment, nonaccrual status 94   94 $ 98
Financing receivable, nonaccrual, with no allowance $ 3   $ 4  
v3.25.1
Finance Receivables and Loans, Net - Schedule of Financing Receivable Credit Quality Indicators Consumer (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Financing Receivable, Credit Quality Indicator [Line Items]    
Total finance receivables and loans $ 133,485 $ 136,030
Consumer    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total finance receivables and loans 100,831 103,285
Consumer | Consumer automotive, excludes basis adjustment    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 8,951 30,919
Year two, originated, fiscal year before current fiscal year 28,449 21,604
Year three, originated, two years before current fiscal year 19,461 16,607
Year four, originated, three years before current fiscal year 14,752 9,247
Year five, originated, four years before current fiscal year 7,989 3,344
Originated, more than five years before current fiscal year 4,278 2,077
Revolving loans 0 0
Revolving loans converted to term 0 0
Total finance receivables and loans 83,880 83,798
Consumer | Consumer mortgage finance receivables    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 0 13
Year two, originated, fiscal year before current fiscal year 20 33
Year three, originated, two years before current fiscal year 32 1,914
Year four, originated, three years before current fiscal year 1,878 9,856
Year five, originated, four years before current fiscal year 9,726 1,721
Originated, more than five years before current fiscal year 5,181 3,564
Revolving loans 109 116
Revolving loans converted to term 17 17
Total finance receivables and loans 16,963 17,234
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 | Automotive    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total finance receivables and loans 83,868 83,757
Liability excluded from amortized cost of hedged asset, portfolio layer method 12 41
Consumer Portfolio Segment, Excludes Basis Adjustment for Automotive Loans    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 8,951 30,932
Year two, originated, fiscal year before current fiscal year 28,469 21,637
Year three, originated, two years before current fiscal year 19,493 18,521
Year four, originated, three years before current fiscal year 16,630 19,103
Year five, originated, four years before current fiscal year 17,715 5,065
Originated, more than five years before current fiscal year 9,459 5,641
Revolving loans 109 2,410
Revolving loans converted to term 17 17
Total finance receivables and loans 100,843 103,326
Current | Consumer | Consumer automotive, excludes basis adjustment    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 8,935 30,322
Year two, originated, fiscal year before current fiscal year 27,767 20,387
Year three, originated, two years before current fiscal year 18,395 15,234
Year four, originated, three years before current fiscal year 13,598 8,368
Year five, originated, four years before current fiscal year 7,287 3,064
Originated, more than five years before current fiscal year 3,901 1,849
Revolving loans 0 0
Revolving loans converted to term 0 0
Total finance receivables and loans 79,883 79,224
Current | Consumer | Consumer mortgage finance receivables    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 0 13
Year two, originated, fiscal year before current fiscal year 20 31
Year three, originated, two years before current fiscal year 31 1,901
Year four, originated, three years before current fiscal year 1,865 9,834
Year five, originated, four years before current fiscal year 9,702 1,714
Originated, more than five years before current fiscal year 5,125 3,503
Revolving loans 108 115
Revolving loans converted to term 15 15
Total finance receivables and loans 16,866 17,126
Current | 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   2,140
Revolving loans converted to term   0
Total finance receivables and loans   2,140
30–59 days past due | Consumer | Consumer automotive, excludes basis adjustment    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 15 419
Year two, originated, fiscal year before current fiscal year 461 756
Year three, originated, two years before current fiscal year 659 841
Year four, originated, three years before current fiscal year 704 546
Year five, originated, four years before current fiscal year 437 174
Originated, more than five years before current fiscal year 232 141
Revolving loans 0 0
Revolving loans converted to term 0 0
Total finance receivables and loans 2,508 2,877
30–59 days past due | Consumer | Consumer mortgage finance receivables    
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 7
Year four, originated, three years before current fiscal year 5 9
Year five, originated, four years before current fiscal year 5 5
Originated, more than five years before current fiscal year 20 27
Revolving loans 0 0
Revolving loans converted to term 0 0
Total finance receivables and loans 30 48
30–59 days past due | 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   35
Revolving loans converted to term   0
Total finance receivables and loans   35
60–89 days past due | Consumer | Consumer automotive, excludes basis adjustment    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 1 131
Year two, originated, fiscal year before current fiscal year 160 338
Year three, originated, two years before current fiscal year 299 390
Year four, originated, three years before current fiscal year 330 240
Year five, originated, four years before current fiscal year 188 75
Originated, more than five years before current fiscal year 96 56
Revolving loans 0 0
Revolving loans converted to term 0 0
Total finance receivables and loans 1,074 1,230
60–89 days past due | Consumer | Consumer mortgage finance receivables    
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 3 4
Year five, originated, four years before current fiscal year 9 1
Originated, more than five years before current fiscal year 11 4
Revolving loans 0 0
Revolving loans converted to term 0 0
Total finance receivables and loans 23 13
60–89 days past due | 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   33
Revolving loans converted to term   0
Total finance receivables and loans   33
90 or more days past due | Consumer | Consumer automotive, excludes basis adjustment    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 0 47
Year two, originated, fiscal year before current fiscal year 61 123
Year three, originated, two years before current fiscal year 108 142
Year four, originated, three years before current fiscal year 120 93
Year five, originated, four years before current fiscal year 77 31
Originated, more than five years before current fiscal year 49 31
Revolving loans 0 0
Revolving loans converted to term 0 0
Total finance receivables and loans 415 467
90 or more days past due | Consumer | Consumer mortgage finance receivables    
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 1 2
Year four, originated, three years before current fiscal year 5 9
Year five, originated, four years before current fiscal year 10 1
Originated, more than five years before current fiscal year 25 30
Revolving loans 1 1
Revolving loans converted to term 2 2
Total finance receivables and loans $ 44 47
90 or more days past due | 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   86
Revolving loans converted to term   0
Total finance receivables and loans   $ 86
v3.25.1
Finance Receivables and Loans, Net - Schedule of Financing Receivable Credit Quality Indicators Commercial (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Financing Receivable, Credit Quality Indicator [Line Items]    
Total finance receivables and loans $ 133,485 $ 136,030
Commercial    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 749 2,197
Year two, originated, fiscal year before current fiscal year 2,267 1,652
Year three, originated, two years before current fiscal year 1,524 2,305
Year four, originated, three years before current fiscal year 2,143 1,739
Year five, originated, four years before current fiscal year 1,667 1,109
Originated, more than five years before current fiscal year 2,593 1,555
Revolving loans 21,533 22,032
Revolving loans converted to term 178 156
Total finance receivables and loans 32,654 32,745
Automotive | Commercial    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 49 525
Year two, originated, fiscal year before current fiscal year 512 374
Year three, originated, two years before current fiscal year 338 352
Year four, originated, three years before current fiscal year 330 150
Year five, originated, four years before current fiscal year 141 67
Originated, more than five years before current fiscal year 109 53
Revolving loans 15,460 16,738
Revolving loans converted to term 0 0
Total finance receivables and loans 16,939 18,259
Automotive | Pass | Commercial    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 49 522
Year two, originated, fiscal year before current fiscal year 508 336
Year three, originated, two years before current fiscal year 311 337
Year four, originated, three years before current fiscal year 315 125
Year five, originated, four years before current fiscal year 117 64
Originated, more than five years before current fiscal year 104 52
Revolving loans 13,818 15,005
Revolving loans converted to term 0 0
Total finance receivables and loans 15,222 16,441
Automotive | Special mention | Commercial    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 0 3
Year two, originated, fiscal year before current fiscal year 4 38
Year three, originated, two years before current fiscal year 26 15
Year four, originated, three years before current fiscal year 13 25
Year five, originated, four years before current fiscal year 21 3
Originated, more than five years before current fiscal year 4 1
Revolving loans 1,521 1,694
Revolving loans converted to term 0 0
Total finance receivables and loans 1,589 1,779
Automotive | Substandard | Commercial    
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 1 0
Year four, originated, three years before current fiscal year 2 0
Year five, originated, four years before current fiscal year 3 0
Originated, more than five years before current fiscal year 1 0
Revolving loans 116 33
Revolving loans converted to term 0 0
Total finance receivables and loans 123 33
Automotive | Doubtful | Commercial    
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 0 0
Revolving loans 5 6
Revolving loans converted to term 0 0
Total finance receivables and loans 5 6
Other | Commercial    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 128 707
Year two, originated, fiscal year before current fiscal year 705 323
Year three, originated, two years before current fiscal year 275 655
Year four, originated, three years before current fiscal year 557 502
Year five, originated, four years before current fiscal year 467 250
Originated, more than five years before current fiscal year 648 361
Revolving loans 6,073 5,294
Revolving loans converted to term 131 120
Total finance receivables and loans 8,984 8,212
Other | Pass | Commercial    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 128 707
Year two, originated, fiscal year before current fiscal year 705 296
Year three, originated, two years before current fiscal year 248 261
Year four, originated, three years before current fiscal year 194 199
Year five, originated, four years before current fiscal year 197 18
Originated, more than five years before current fiscal year 239 205
Revolving loans 5,793 5,047
Revolving loans converted to term 107 84
Total finance receivables and loans 7,611 6,817
Other | Special mention | Commercial    
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 0 394
Year four, originated, three years before current fiscal year 363 280
Year five, originated, four years before current fiscal year 248 186
Originated, more than five years before current fiscal year 266 76
Revolving loans 247 226
Revolving loans converted to term 21 32
Total finance receivables and loans 1,145 1,194
Other | Substandard | Commercial    
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 27 0
Year four, originated, three years before current fiscal year 0 23
Year five, originated, four years before current fiscal year 22 46
Originated, more than five years before current fiscal year 117 54
Revolving loans 24 12
Revolving loans converted to term 3 4
Total finance receivables and loans 193 166
Other | Doubtful | Commercial    
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 26 26
Revolving loans 9 9
Revolving loans converted to term 0 0
Total finance receivables and loans 35 35
Commercial real estate | Commercial    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 572 965
Year two, originated, fiscal year before current fiscal year 1,050 955
Year three, originated, two years before current fiscal year 911 1,298
Year four, originated, three years before current fiscal year 1,256 1,087
Year five, originated, four years before current fiscal year 1,059 792
Originated, more than five years before current fiscal year 1,836 1,141
Revolving loans 0 0
Revolving loans converted to term 47 36
Total finance receivables and loans 6,731 6,274
Commercial real estate | Pass | Commercial    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 572 959
Year two, originated, fiscal year before current fiscal year 1,043 904
Year three, originated, two years before current fiscal year 866 1,228
Year four, originated, three years before current fiscal year 1,169 1,030
Year five, originated, four years before current fiscal year 1,012 757
Originated, more than five years before current fiscal year 1,797 1,137
Revolving loans 0 0
Revolving loans converted to term 47 36
Total finance receivables and loans 6,506 6,051
Commercial real estate | Special mention | Commercial    
Financing Receivable, Credit Quality Indicator [Line Items]    
Year one, originated, current fiscal year 0 6
Year two, originated, fiscal year before current fiscal year 7 51
Year three, originated, two years before current fiscal year 39 69
Year four, originated, three years before current fiscal year 78 57
Year five, originated, four years before current fiscal year 42 35
Originated, more than five years before current fiscal year 38 3
Revolving loans 0 0
Revolving loans converted to term 0 0
Total finance receivables and loans 204 221
Commercial real estate | Substandard | Commercial    
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 6  
Year four, originated, three years before current fiscal year 8  
Year five, originated, four years before current fiscal year 5  
Originated, more than five years before current fiscal year 0  
Revolving loans 0  
Revolving loans converted to term 0  
Total finance receivables and loans 19  
Commercial real estate | Doubtful | Commercial    
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 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 1 1
Revolving loans 0 0
Revolving loans converted to term 0 0
Total finance receivables and loans $ 2 $ 2
v3.25.1
Finance Receivables and Loans, Net - Schedule of Past Due Financing Receivables and Loans Commercial (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net $ 133,485 $ 136,030
Commercial    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 32,654 32,745
Automotive | Commercial    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 16,939 18,259
Other | Commercial    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 8,984 8,212
Commercial real estate | Commercial    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 6,731 6,274
Total past due | Commercial    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 3 42
Total past due | Automotive | Commercial    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 2 5
Total past due | Other | Commercial    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 0 35
Total past due | Commercial real estate | Commercial    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 1 2
30–59 days past due | Commercial    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 0 41
30–59 days past due | Automotive | Commercial    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 0 5
30–59 days past due | Other | Commercial    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 0 35
30–59 days past due | Commercial real estate | Commercial    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 0 1
60–89 days past due | Commercial    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 0 0
60–89 days past due | Automotive | Commercial    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 0 0
60–89 days past due | Other | Commercial    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 0 0
60–89 days past due | Commercial real estate | Commercial    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 0 0
90 or more days past due | Commercial    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 3 1
90 or more days past due | Automotive | Commercial    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 2 0
90 or more days past due | Other | Commercial    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 0 0
90 or more days past due | Commercial real estate | Commercial    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 1 1
Current | Commercial    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 32,651 32,703
Current | Automotive | Commercial    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 16,937 18,254
Current | Other | Commercial    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net 8,984 8,177
Current | Commercial real estate | Commercial    
Financing Receivable, Past Due [Line Items]    
Finance receivables and loans, net $ 6,730 $ 6,272
v3.25.1
Finance Receivables and Loans, Net - Schedule of Financing Receivable Gross Charge-Offs (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Financing Receivable, Credit Quality Indicator [Line Items]      
Year one, originated, current fiscal year, writeoff $ 1   $ 160
Year two, originated, current fiscal year, writeoff 120   779
Year three, originated, current fiscal year, writeoff 206   943
Year four, originated, current fiscal year, writeoff 200   511
Year five, originated, current fiscal year, writeoff 98   137
More than five years before current fiscal year, writeoff 51   154
Revolving loans 65   248
Revolving loans converted to term 4   16
Total 745 $ 758 2,948
Write-downs from transfers to held-for-sale   5  
Consumer      
Financing Receivable, Credit Quality Indicator [Line Items]      
Year one, originated, current fiscal year, writeoff 1   160
Year two, originated, current fiscal year, writeoff 120   779
Year three, originated, current fiscal year, writeoff 206   943
Year four, originated, current fiscal year, writeoff 200   511
Year five, originated, current fiscal year, writeoff 98   137
More than five years before current fiscal year, writeoff 51   153
Revolving loans 64   246
Revolving loans converted to term 4   16
Total 744   2,945
Consumer | Automotive      
Financing Receivable, Credit Quality Indicator [Line Items]      
Year one, originated, current fiscal year, writeoff 1   160
Year two, originated, current fiscal year, writeoff 120   779
Year three, originated, current fiscal year, writeoff 206   943
Year four, originated, current fiscal year, writeoff 200   510
Year five, originated, current fiscal year, writeoff 98   137
More than five years before current fiscal year, writeoff 51   152
Revolving loans 0   0
Revolving loans converted to term 0   0
Total 676 688 2,681
Write-downs from transfers to held-for-sale   5 5
Consumer | Consumer mortgage finance receivables      
Financing Receivable, Credit Quality Indicator [Line Items]      
Year one, originated, current fiscal year, writeoff     0
Year two, originated, current fiscal year, writeoff     0
Year three, originated, current fiscal year, writeoff     0
Year four, originated, current fiscal year, writeoff     1
Year five, originated, current fiscal year, writeoff     0
More than five years before current fiscal year, writeoff     1
Revolving loans     0
Revolving loans converted to term     0
Total 0 1 2
Write-downs from transfers to held-for-sale   0  
Consumer | Other      
Financing Receivable, Credit Quality Indicator [Line Items]      
Year one, originated, current fiscal year, writeoff 0   0
Year two, originated, current fiscal year, writeoff 0   0
Year three, originated, current fiscal year, writeoff 0   0
Year four, originated, current fiscal year, writeoff 0   0
Year five, originated, 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 68 262
Write-downs from transfers to held-for-sale   0  
Commercial      
Financing Receivable, Credit Quality Indicator [Line Items]      
Year one, originated, current fiscal year, writeoff 0   0
Year two, originated, current fiscal year, writeoff 0   0
Year three, originated, current fiscal year, writeoff 0   0
Year four, originated, current fiscal year, writeoff 0   0
Year five, originated, current fiscal year, writeoff 0   0
More than five years before current fiscal year, writeoff 0   1
Revolving loans 1   2
Revolving loans converted to term 0   0
Total 1 1 3
Write-downs from transfers to held-for-sale   $ 0  
Commercial | Automotive      
Financing Receivable, Credit Quality Indicator [Line Items]      
Year one, originated, current fiscal year, writeoff 0   0
Year two, originated, current fiscal year, writeoff 0   0
Year three, originated, current fiscal year, writeoff 0   0
Year four, originated, current fiscal year, writeoff 0   0
Year five, originated, current fiscal year, writeoff 0   0
More than five years before current fiscal year, writeoff 0   1
Revolving loans 1   2
Revolving loans converted to term 0   0
Total $ 1   $ 3
v3.25.1
Finance Receivables and Loans, Net - Schedule of Loan Modifications (Details)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2025
USD ($)
Mar. 31, 2024
USD ($)
Mar. 31, 2025
USD ($)
loan
Mar. 31, 2024
USD ($)
loan
Dec. 31, 2024
USD ($)
Financing Receivable, Troubled Debt Restructuring          
Trial modifications, term 3 months        
Trial modifications, amount $ 5   $ 5   $ 4
Total $ 135 $ 240      
Percentage of total 0.10% 0.20%      
Payment deferrals          
Financing Receivable, Troubled Debt Restructuring          
Total $ 6 $ 0      
Contractual maturity extensions          
Financing Receivable, Troubled Debt Restructuring          
Total 127 228      
Principal forgiveness          
Financing Receivable, Troubled Debt Restructuring          
Total 1 1      
Interest rate concessions          
Financing Receivable, Troubled Debt Restructuring          
Total 0 10      
Combination          
Financing Receivable, Troubled Debt Restructuring          
Total 1 1      
Consumer          
Financing Receivable, Troubled Debt Restructuring          
Total 107 107 430 $ 333  
Consumer | Current          
Financing Receivable, Troubled Debt Restructuring          
Total     332 272  
Consumer | 30–59 days past due          
Financing Receivable, Troubled Debt Restructuring          
Total     62 40  
Consumer | 60–89 days past due          
Financing Receivable, Troubled Debt Restructuring          
Total     23 11  
Consumer | 90 or more days past due          
Financing Receivable, Troubled Debt Restructuring          
Total     13 10  
Consumer | Payment deferrals          
Financing Receivable, Troubled Debt Restructuring          
Total 0 0      
Consumer | Contractual maturity extensions          
Financing Receivable, Troubled Debt Restructuring          
Total 105 99      
Consumer | Principal forgiveness          
Financing Receivable, Troubled Debt Restructuring          
Total 1 1      
Consumer | Interest rate concessions          
Financing Receivable, Troubled Debt Restructuring          
Total 0 6      
Consumer | Combination          
Financing Receivable, Troubled Debt Restructuring          
Total 1 1      
Consumer | Automotive          
Financing Receivable, Troubled Debt Restructuring          
Total 106 100 $ 427 $ 315  
Number of loans redefaulted | loan     1,858 481  
Amortized cost of loans redefaulted     $ 46 $ 11  
Consumer | Automotive | Current          
Financing Receivable, Troubled Debt Restructuring          
Total     330 259  
Consumer | Automotive | 30–59 days past due          
Financing Receivable, Troubled Debt Restructuring          
Total     62 39  
Consumer | Automotive | 60–89 days past due          
Financing Receivable, Troubled Debt Restructuring          
Total     23 10  
Consumer | Automotive | 90 or more days past due          
Financing Receivable, Troubled Debt Restructuring          
Total     12 7  
Consumer | Automotive | Payment deferrals          
Financing Receivable, Troubled Debt Restructuring          
Total $ 0 $ 0      
Payment extensions, number of months extended/deferred 29 months 29 months      
Consumer | Automotive | Contractual maturity extensions          
Financing Receivable, Troubled Debt Restructuring          
Total $ 105 $ 99 420 303  
Consumer | Automotive | Contractual maturity extensions | Current          
Financing Receivable, Troubled Debt Restructuring          
Total     328 253  
Consumer | Automotive | Contractual maturity extensions | 30–59 days past due          
Financing Receivable, Troubled Debt Restructuring          
Total     62 38  
Consumer | Automotive | Contractual maturity extensions | 60–89 days past due          
Financing Receivable, Troubled Debt Restructuring          
Total     23 10  
Consumer | Automotive | Contractual maturity extensions | 90 or more days past due          
Financing Receivable, Troubled Debt Restructuring          
Total     7 2  
Consumer | Automotive | Principal forgiveness          
Financing Receivable, Troubled Debt Restructuring          
Total 1 1 5 12  
Principal forgiveness, amount forgiven 0 0      
Consumer | Automotive | Principal forgiveness | Current          
Financing Receivable, Troubled Debt Restructuring          
Total     0 6  
Consumer | Automotive | Principal forgiveness | 30–59 days past due          
Financing Receivable, Troubled Debt Restructuring          
Total     0 1  
Consumer | Automotive | Principal forgiveness | 60–89 days past due          
Financing Receivable, Troubled Debt Restructuring          
Total     0 0  
Consumer | Automotive | Principal forgiveness | 90 or more days past due          
Financing Receivable, Troubled Debt Restructuring          
Total     5 5  
Consumer | Automotive | Interest rate concessions          
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%      
Consumer | Automotive | Combination          
Financing Receivable, Troubled Debt Restructuring          
Total $ 0 $ 0 2    
Interest rate concessions, initial rate 0.00% 0.00%      
Interest rate concessions, revised rate 0.00% 0.00%      
Consumer | Automotive | Combination | Current          
Financing Receivable, Troubled Debt Restructuring          
Total     2    
Consumer | Automotive | Combination | 30–59 days past due          
Financing Receivable, Troubled Debt Restructuring          
Total     0    
Consumer | Automotive | Combination | 60–89 days past due          
Financing Receivable, Troubled Debt Restructuring          
Total     0    
Consumer | Automotive | Combination | 90 or more days past due          
Financing Receivable, Troubled Debt Restructuring          
Total     0    
Consumer | Consumer mortgage finance receivables          
Financing Receivable, Troubled Debt Restructuring          
Total $ 1 $ 1 3 4  
Consumer | Consumer mortgage finance receivables | Current          
Financing Receivable, Troubled Debt Restructuring          
Total     2 4  
Consumer | Consumer mortgage finance receivables | 30–59 days past due          
Financing Receivable, Troubled Debt Restructuring          
Total     0 0  
Consumer | Consumer mortgage finance receivables | 60–89 days past due          
Financing Receivable, Troubled Debt Restructuring          
Total     0 0  
Consumer | Consumer mortgage finance receivables | 90 or more days past due          
Financing Receivable, Troubled Debt Restructuring          
Total     1 0  
Consumer | Consumer mortgage finance receivables | Payment deferrals          
Financing Receivable, Troubled Debt Restructuring          
Total 0 0      
Consumer | Consumer mortgage finance receivables | Contractual maturity extensions          
Financing Receivable, Troubled Debt Restructuring          
Total 0 0 2 2  
Consumer | Consumer mortgage finance receivables | Contractual maturity extensions | Current          
Financing Receivable, Troubled Debt Restructuring          
Total     1 2  
Consumer | Consumer mortgage finance receivables | Contractual maturity extensions | 30–59 days past due          
Financing Receivable, Troubled Debt Restructuring          
Total     0 0  
Consumer | Consumer mortgage finance receivables | Contractual maturity extensions | 60–89 days past due          
Financing Receivable, Troubled Debt Restructuring          
Total     0 0  
Consumer | Consumer mortgage finance receivables | Contractual maturity extensions | 90 or more days past due          
Financing Receivable, Troubled Debt Restructuring          
Total     1 0  
Consumer | Consumer mortgage finance receivables | Principal forgiveness          
Financing Receivable, Troubled Debt Restructuring          
Total 0 0      
Principal forgiveness, amount forgiven 0 0      
Consumer | Consumer mortgage finance receivables | Interest rate concessions          
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%      
Consumer | Consumer mortgage finance receivables | Combination          
Financing Receivable, Troubled Debt Restructuring          
Total $ 1 $ 1 1 2  
Interest rate concessions, initial rate 4.50% 3.50%      
Interest rate concessions, revised rate 2.80% 3.40%      
Payment extensions, initial term 291 months 355 months      
Payment extensions, revised term 480 months 480 months      
Consumer | Consumer mortgage finance receivables | Combination | Current          
Financing Receivable, Troubled Debt Restructuring          
Total     1 2  
Consumer | Consumer mortgage finance receivables | Combination | 30–59 days past due          
Financing Receivable, Troubled Debt Restructuring          
Total     0 0  
Consumer | Consumer mortgage finance receivables | Combination | 60–89 days past due          
Financing Receivable, Troubled Debt Restructuring          
Total     0 0  
Consumer | Consumer mortgage finance receivables | Combination | 90 or more days past due          
Financing Receivable, Troubled Debt Restructuring          
Total     0 0  
Consumer | Other          
Financing Receivable, Troubled Debt Restructuring          
Total   $ 6   14  
Consumer | Other | Current          
Financing Receivable, Troubled Debt Restructuring          
Total       9  
Consumer | Other | 30–59 days past due          
Financing Receivable, Troubled Debt Restructuring          
Total       1  
Consumer | Other | 60–89 days past due          
Financing Receivable, Troubled Debt Restructuring          
Total       1  
Consumer | Other | 90 or more days past due          
Financing Receivable, Troubled Debt Restructuring          
Total       3  
Consumer | Other | Payment deferrals          
Financing Receivable, Troubled Debt Restructuring          
Total   0      
Consumer | Other | Contractual maturity extensions          
Financing Receivable, Troubled Debt Restructuring          
Total   0      
Consumer | Other | Principal forgiveness          
Financing Receivable, Troubled Debt Restructuring          
Total   0      
Principal forgiveness, amount forgiven   0      
Consumer | Other | Interest rate concessions          
Financing Receivable, Troubled Debt Restructuring          
Total   $ 6   14  
Interest rate concessions, initial rate   30.50%      
Interest rate concessions, revised rate   10.10%      
Consumer | Other | Interest rate concessions | Current          
Financing Receivable, Troubled Debt Restructuring          
Total       9  
Consumer | Other | Interest rate concessions | 30–59 days past due          
Financing Receivable, Troubled Debt Restructuring          
Total       1  
Consumer | Other | Interest rate concessions | 60–89 days past due          
Financing Receivable, Troubled Debt Restructuring          
Total       1  
Consumer | Other | Interest rate concessions | 90 or more days past due          
Financing Receivable, Troubled Debt Restructuring          
Total       3  
Consumer | Other | Combination          
Financing Receivable, Troubled Debt Restructuring          
Total   $ 0      
Interest rate concessions, initial rate   0.00%      
Interest rate concessions, revised rate   0.00%      
Commercial          
Financing Receivable, Troubled Debt Restructuring          
Total $ 28 $ 133 73 171  
Commercial | Pass          
Financing Receivable, Troubled Debt Restructuring          
Total     25 107  
Commercial | Special mention          
Financing Receivable, Troubled Debt Restructuring          
Total     0 0  
Commercial | Substandard          
Financing Receivable, Troubled Debt Restructuring          
Total     44 64  
Commercial | Doubtful          
Financing Receivable, Troubled Debt Restructuring          
Total     4 0  
Commercial | Payment deferrals          
Financing Receivable, Troubled Debt Restructuring          
Total $ 6 $ 0      
Payment extensions, number of months extended/deferred 15 months 41 months      
Commercial | Contractual maturity extensions          
Financing Receivable, Troubled Debt Restructuring          
Total $ 22 $ 129      
Commercial | Principal forgiveness          
Financing Receivable, Troubled Debt Restructuring          
Total 0 0      
Principal forgiveness, amount forgiven 0 0      
Commercial | Interest rate concessions          
Financing Receivable, Troubled Debt Restructuring          
Total $ 0 $ 4      
Interest rate concessions, initial rate 0.00% 12.90%      
Interest rate concessions, revised rate 0.00% 11.50%      
Commercial | 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 | Automotive          
Financing Receivable, Troubled Debt Restructuring          
Total $ 2 $ 4      
Commercial | Automotive | Payment deferrals          
Financing Receivable, Troubled Debt Restructuring          
Total $ 2 0 4    
Payment extensions, number of months extended/deferred 7 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     4    
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 $ 0 $ 4   4  
Interest rate concessions, initial rate 0.00% 12.90%      
Interest rate concessions, revised rate 0.00% 11.50%      
Commercial | Automotive | Interest rate concessions | Pass          
Financing Receivable, Troubled Debt Restructuring          
Total       0  
Commercial | Automotive | Interest rate concessions | Special mention          
Financing Receivable, Troubled Debt Restructuring          
Total       0  
Commercial | Automotive | Interest rate concessions | Substandard          
Financing Receivable, Troubled Debt Restructuring          
Total       4  
Commercial | Automotive | Interest rate concessions | Doubtful          
Financing Receivable, Troubled Debt Restructuring          
Total       0  
Commercial | Automotive | Combination          
Financing Receivable, Troubled Debt Restructuring          
Total $ 0 $ 0 3    
Interest rate concessions, initial rate 0.00% 0.00%      
Interest rate concessions, revised rate 0.00% 0.00%      
Commercial | Automotive | Combination | Pass          
Financing Receivable, Troubled Debt Restructuring          
Total     0    
Commercial | Automotive | Combination | Special mention          
Financing Receivable, Troubled Debt Restructuring          
Total     0    
Commercial | Automotive | Combination | Substandard          
Financing Receivable, Troubled Debt Restructuring          
Total     0    
Commercial | Automotive | Combination | Doubtful          
Financing Receivable, Troubled Debt Restructuring          
Total     3    
Commercial | Other          
Financing Receivable, Troubled Debt Restructuring          
Total $ 26 $ 129      
Commercial | Other | Payment deferrals          
Financing Receivable, Troubled Debt Restructuring          
Total $ 4 $ 0 4    
Payment extensions, number of months extended/deferred 16 months 41 months      
Commercial | Other | Payment deferrals | Pass          
Financing Receivable, Troubled Debt Restructuring          
Total     0    
Commercial | Other | Payment deferrals | Special mention          
Financing Receivable, Troubled Debt Restructuring          
Total     0    
Commercial | Other | Payment deferrals | Substandard          
Financing Receivable, Troubled Debt Restructuring          
Total     4    
Commercial | Other | Payment deferrals | Doubtful          
Financing Receivable, Troubled Debt Restructuring          
Total     0    
Commercial | Other | Contractual maturity extensions          
Financing Receivable, Troubled Debt Restructuring          
Total $ 22 $ 129 47 167  
Commercial | Other | Contractual maturity extensions | Pass          
Financing Receivable, Troubled Debt Restructuring          
Total     25 107  
Commercial | Other | Contractual maturity extensions | Special mention          
Financing Receivable, Troubled Debt Restructuring          
Total     0 0  
Commercial | Other | Contractual maturity extensions | Substandard          
Financing Receivable, Troubled Debt Restructuring          
Total     22 60  
Commercial | Other | Contractual maturity extensions | Doubtful          
Financing Receivable, Troubled Debt Restructuring          
Total     0 $ 0  
Commercial | Other | Principal forgiveness          
Financing Receivable, Troubled Debt Restructuring          
Total 0 0      
Principal forgiveness, amount forgiven 0 0      
Commercial | Other | Interest rate concessions          
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 | Combination          
Financing Receivable, Troubled Debt Restructuring          
Total $ 0 $ 0 14    
Interest rate concessions, initial rate 0.00% 0.00%      
Interest rate concessions, revised rate 0.00% 0.00%      
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 | Payment deferrals          
Financing Receivable, Troubled Debt Restructuring          
Total     1    
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     0    
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    
v3.25.1
Leasing - Ally as the Lessee (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
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 $ 9 $ 8  
Right-of-use asset obtained in exchange for operating lease liability $ 5 $ 16  
Operating lease, weighted-average remaining lease term 3 years   3 years
Operating lease, weighted average discount rate 3.39%   3.32%
Minimum      
Lessee, Lease, Description [Line Items]      
Operating lease remaining lease term 3 months    
Maximum      
Lessee, Lease, Description [Line Items]      
Operating lease remaining lease term 6 years    
v3.25.1
Leasing - Schedule of Lessee, Operating Lease, Liability, Maturity (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Leases [Abstract]    
2025 $ 28  
2026 35  
2027 27  
2028 19  
2029 2  
2030 and thereafter 1  
Total undiscounted cash flows 112  
Difference between undiscounted cash flows and discounted cash flows (6)  
Total lease liability $ 106 $ 111
v3.25.1
Leasing - Schedule of Lease, Cost (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Leases [Abstract]    
Operating lease expense $ 8 $ 7
Variable lease expense 1 1
Total lease expense, net $ 9 $ 8
v3.25.1
Leasing - Schedule of Ally as the Lessor (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]    
Vehicles $ 9,361 $ 9,519
Accumulated depreciation (1,482) (1,528)
Investment in operating leases, net $ 7,879 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 $ 2,300 $ 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%
v3.25.1
Leasing - Schedule of Lessor, Operating Lease, Payments to be Received, Maturity (Details)
$ in Millions
Mar. 31, 2025
USD ($)
Leases [Abstract]  
2025 $ 985
2026 985
2027 476
2028 56
2029 5
Total lease payments from operating leases $ 2,507
v3.25.1
Leasing - Schedule of Depreciation Expense on Operating Lease Assets (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Leases [Abstract]    
Operating lease revenue $ 351 $ 356
Depreciation expense on operating lease assets (excluding remarketing losses and gains) 221 238
Remarketing losses (gains), net 19 (46)
Net depreciation expense on operating lease assets 240 192
Variable lease payments, excessive wear and tear $ 6 $ 4
v3.25.1
Leasing - Schedule of Sales-type and Direct Financing Leases, Lease Receivable, Maturity (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Leases [Abstract]      
Direct financing lease, net investment in lease $ 482   $ 496
Direct financing lease, interest income 11 $ 11  
2025 141    
2026 162    
2027 127    
2028 73    
2029 38    
2030 and thereafter 15    
Total undiscounted cash flows 556    
Difference between undiscounted cash flows and discounted cash flows (74)    
Present value of lease payments recorded as lease receivable $ 482    
v3.25.1
Securitizations and Variable Interest Entities - Narrative (Details) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Securitizations And Variable Interest Entities [Abstract]    
Gain (loss) on sales of financial assets $ 0 $ 0
v3.25.1
Securitizations and Variable Interest Entities - Schedule of Variable Interest Entities (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Variable Interest Entity [Line Items]      
Carrying value of total assets $ 193,331 $ 191,836 $ 192,800
Carrying value of total liabilities 179,099 177,933  
Assets sold to nonconsolidated VIEs 2,867 2,971  
Maximum exposure to loss in nonconsolidated VIEs 6,462 6,545  
Non-recourse debt 16,465 17,495  
Held-to-maturity securities 4,668 4,346  
Other assets 11,545 10,660  
Equity securities 942 871  
On‑balance sheet variable interest entities      
Variable Interest Entity [Line Items]      
Carrying value of total assets 3,994 4,666  
Carrying value of total liabilities 1,363 1,565  
Non-recourse debt 1,360 1,561  
Other assets 311 333  
On‑balance sheet variable interest entities | Consumer | Automotive      
Variable Interest Entity [Line Items]      
Carrying value of total assets 12,043 12,821  
Carrying value of total liabilities 1,485 1,683  
Assets sold to nonconsolidated VIEs 0 0  
Maximum exposure to loss in nonconsolidated VIEs 0 0  
Assets held-in-trust 8,100 8,200  
On‑balance sheet variable interest entities | Consumer | Automotive | Nonrecourse      
Variable Interest Entity [Line Items]      
Non-recourse debt 122 118  
Off-balance sheet variable interest entities      
Variable Interest Entity [Line Items]      
Carrying value of total assets 14,953 15,681  
Carrying value of total liabilities 2,508 2,705  
Off-balance sheet variable interest entities | Consumer | Automotive      
Variable Interest Entity [Line Items]      
Carrying value of total assets 81 92  
Carrying value of total liabilities 0 0  
Assets sold to nonconsolidated VIEs 2,790 2,885  
Maximum exposure to loss in nonconsolidated VIEs 2,871 2,977  
Held-to-maturity securities 77 88  
Other assets 4 4  
Off-balance sheet variable interest entities | Consumer | Other      
Variable Interest Entity [Line Items]      
Carrying value of total assets 0 0  
Carrying value of total liabilities 0 0  
Assets sold to nonconsolidated VIEs 77 86  
Maximum exposure to loss in nonconsolidated VIEs 77 86  
Off-balance sheet variable interest entities | Commercial | Other      
Variable Interest Entity [Line Items]      
Carrying value of total assets 2,829 2,768  
Carrying value of total liabilities 1,023 1,022  
Assets sold to nonconsolidated VIEs 0 0  
Maximum exposure to loss in nonconsolidated VIEs 3,514 3,482  
Equity securities $ 49 $ 50  
v3.25.1
Securitizations and Variable Interest Entities - Schedule of Cash Flows with Nonconsolidated Special-Purpose Entities (Details) - Off-balance sheet variable interest entities - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flow Received and Paid to Nonconsolidated Securitization Entities [Line Items]    
Total $ 227 $ 1,319
Automotive | Consumer    
Cash Flow Received and Paid to Nonconsolidated Securitization Entities [Line Items]    
Cash proceeds from transfers completed during the period 191 1,281
Servicing fees 14 14
Cash flows received on retained interests in securitization entities 12 9
Other cash flows 1 1
Consumer other | Consumer    
Cash Flow Received and Paid to Nonconsolidated Securitization Entities [Line Items]    
Cash proceeds from transfers completed during the period 8 12
Servicing fees $ 1 $ 2
v3.25.1
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
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Derecognized Assets, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]      
Total amount $ 2,867   $ 2,971
Amount 60 days or more past due 107   115
Net credit losses 35 $ 32  
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 1,525   1,730
Amount 60 days or more past due 20   22
Net credit losses 5 4  
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 1,265   1,155
Amount 60 days or more past due 78   83
Net credit losses 23 16  
Whole-loan sales | Consumer other | Consumer      
Derecognized Assets, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]      
Total amount 77   86
Amount 60 days or more past due 9   $ 10
Net credit losses $ 7 $ 12  
v3.25.1
Other Assets - Schedule of Other Assets (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Other Assets [Abstract]      
Property and equipment at cost $ 2,212 $ 2,226  
Accumulated depreciation (989) (973)  
Net property and equipment 1,223 1,253  
Proportional amortization investments 2,168 2,131  
Net deferred tax assets 1,946 1,916  
Other accounts receivable 1,710 312  
Accrued interest, fees, and rent receivables 889 929  
Nonmarketable equity investments 786 789  
Restricted cash and cash equivalents 726 788  
Equity-method investments 665 632  
Restricted cash held for securitization trusts 282 300  
Goodwill 190 551 $ 669
Operating lease right-of-use assets 88 92  
Net intangible assets 0 54  
Other assets 872 913  
Total other assets $ 11,545 $ 10,660  
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Total other assets Total other assets  
v3.25.1
Other Assets - Schedule of Proportional Amortization Investment (Details) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Other Assets [Abstract]    
Tax credits and other tax benefits from proportional amortization investments $ 56,000,000 $ 39,000,000
Investment amortization expense recognized as a component of income tax expense 45,000,000 32,000,000
Net benefit from proportional amortization investments 11,000,000 7,000,000
Investment program, proportional amortization method, elected, impairment loss $ 0 $ 0
Investment Program, Proportional Amortization Method, Elected, Income Tax Credit and Other Income Tax Benefit, before Amortization, Statement of Income or Comprehensive Income [Extensible Enumeration] Income tax (benefit) expense from continuing operations Income tax (benefit) 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] Income tax (benefit) expense from continuing operations Income tax (benefit) expense from continuing operations
Investment Program, Proportional Amortization Method, Applied, Amortization Expense, Statement of Income or Comprehensive Income [Extensible Enumeration] Income tax (benefit) expense from continuing operations Income tax (benefit) 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
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
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
v3.25.1
Other Assets - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2024
Goodwill [Line Items]        
Proportional amortization investments $ 2,168 $ 2,131   $ 2,131
Unfunded commitments for proportional amortization investments $ 1,022 1,019   1,019
Unfunded commitments, period to be paid 5 years      
Goodwill impairment $ 305   $ 0 118
Goodwill, transfers 56      
Corporate and Other        
Goodwill [Line Items]        
Goodwill impairment 305     118
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 $ 305 $ 118   $ 118
v3.25.1
Other Assets - Schedule of Equity Securities without Readily Determinable Fair Value (Details) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Other Assets [Abstract]      
FRB stock $ 413,000,000   $ 440,000,000
FHLB stock 280,000,000   258,000,000
Equity investments without a readily determinable fair value      
Cost basis 76,000,000   74,000,000
Upward adjustments 53,000,000   53,000,000
Downward adjustments (including impairment) (36,000,000)   (36,000,000)
Carrying amount, equity investments without a readily determinable fair value 93,000,000   91,000,000
Nonmarketable equity investments 786,000,000   $ 789,000,000
Upward adjustments 0 $ 1,000,000  
Downward adjustments (including impairment) 0 0  
Impairment of FHLB and FRB stock $ 0 $ 0  
v3.25.1
Other Assets - Schedule of Schedule of Goodwill (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Goodwill [Roll Forward]      
Goodwill beginning balance $ 551 $ 669 $ 669
Goodwill impairment (305) 0 (118)
Transfer to assets of operations held-for-sale (56)    
Goodwill ending balance 190   551
Operating Segments | Automotive Finance operations      
Goodwill [Roll Forward]      
Goodwill beginning balance 20 20 20
Goodwill impairment 0   0
Transfer to assets of operations held-for-sale 0    
Goodwill ending balance 20   20
Operating Segments | Insurance operations      
Goodwill [Roll Forward]      
Goodwill beginning balance 27 27 27
Goodwill impairment 0   0
Transfer to assets of operations held-for-sale 0    
Goodwill ending balance 27   27
Corporate and Other      
Goodwill [Roll Forward]      
Goodwill beginning balance 504 $ 622 622
Goodwill impairment (305)   (118)
Transfer to assets of operations held-for-sale (56)    
Goodwill ending balance 143   504
Ally Credit Card | Corporate and Other      
Goodwill [Roll Forward]      
Goodwill beginning balance 361    
Goodwill ending balance     361
Ally Invest | Corporate and Other      
Goodwill [Roll Forward]      
Goodwill beginning balance 143    
Goodwill ending balance $ 143   $ 143
v3.25.1
Other Assets - Schedule of Intangible Assets (Details) - USD ($)
$ in Millions
Mar. 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
Disposal Group, Held-for-Sale or Disposed of by Sale, Not Discontinued Operations | Ally Credit Card    
Finite-Lived Intangible Assets [Line Items]    
Gross intangible assets 98  
Accumulated amortization 47  
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
v3.25.1
Deposit Liabilities - Schedule of Deposit Liabilities (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Deposits [Abstract]    
Noninterest-bearing deposits $ 133 $ 131
Interest-bearing deposits    
Savings, money market, and spending accounts 108,836 104,201
Certificates of deposit 42,459 47,242
Total deposit liabilities 151,428 151,574
Certificates of deposit, in excess of $250,000 federal insurance limits $ 6,500 $ 6,800
v3.25.1
Debt - Schedule of Short-term Debt (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Short-term Debt [Line Items]    
Federal Home Loan Bank $ 2,450 $ 1,625
Securities sold under agreements to repurchase 889 0
Total short-term borrowings 3,339 1,625
Unsecured debt    
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 2,450 1,625
Securities sold under agreements to repurchase 889 0
Total short-term borrowings $ 3,339 $ 1,625
v3.25.1
Debt - Schedule of Long-term Debt (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Long-term debt, due within one year $ 4,428 $ 4,819
Long-term debt, due after one year 12,037 12,676
Total long-term debt 16,465 17,495
Unsecured debt    
Debt Instrument [Line Items]    
Long-term debt, due within one year 1,968 2,408
Long-term debt, due after one year 8,610 8,654
Total long-term debt 10,578 11,062
Secured debt    
Debt Instrument [Line Items]    
Long-term debt, due within one year 2,460 2,411
Long-term debt, due after one year 3,427 4,022
Total long-term debt 5,887 6,433
Federal Home Loan Bank advances | Federal Home Loan Bank of Pittsburgh    
Debt Instrument [Line Items]    
Total long-term debt $ 3,900 $ 4,200
v3.25.1
Debt - Scheduled Remaining Maturity of Long-term Debt (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
2025 $ 3,772  
2026 2,222  
2027 2,930  
2028 1,167  
2029 947  
2030 and thereafter 5,427  
Total long-term debt 16,465 $ 17,495
Unsecured debt    
Debt Instrument [Line Items]    
2025 1,900  
2026 69  
2027 1,528  
2028 767  
2029 906  
2030 and thereafter 5,408  
Total long-term debt 10,578 11,062
Secured debt    
Debt Instrument [Line Items]    
Total long-term debt 5,887 $ 6,433
Long-term debt | Unsecured debt    
Debt Instrument [Line Items]    
2025 1,956  
2026 151  
2027 1,622  
2028 874  
2029 1,029  
2030 and thereafter 5,691  
Total long-term debt 11,323  
Long-term debt | Secured debt    
Debt Instrument [Line Items]    
2025 1,872  
2026 2,153  
2027 1,402  
2028 400  
2029 41  
2030 and thereafter 19  
Total long-term debt 5,887  
Original issue discount | Unsecured debt    
Debt Instrument [Line Items]    
Debt instrument, unamortized discount (745)  
Original issue discount | Unsecured debt | 2025    
Debt Instrument [Line Items]    
Debt instrument, unamortized discount, current (56)  
Original issue discount | Unsecured debt | 2026    
Debt Instrument [Line Items]    
Debt instrument, unamortized discount, noncurrent (82)  
Original issue discount | Unsecured debt | 2027    
Debt Instrument [Line Items]    
Debt instrument, unamortized discount, noncurrent (94)  
Original issue discount | Unsecured debt | 2028    
Debt Instrument [Line Items]    
Debt instrument, unamortized discount, noncurrent (107)  
Original issue discount | Unsecured debt | 2029    
Debt Instrument [Line Items]    
Debt instrument, unamortized discount, noncurrent (123)  
Original issue discount | Unsecured debt | 2030 and thereafter    
Debt Instrument [Line Items]    
Debt instrument, unamortized discount, noncurrent $ (283)  
v3.25.1
Debt - Schedule of Pledged Assets Related to Secured Borrowings and Repurchase Agreement (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Pledged Assets related to secured borrowings [Line Items]    
Total assets restricted as collateral $ 65,721 $ 65,497
Secured debt 9,226 8,058
Amortized cost 25,772 26,810
Short-term borrowings 3,339 1,625
Asset Pledged as Collateral    
Pledged Assets related to secured borrowings [Line Items]    
Amortized cost 3,657 2,822
Credit-Linked Notes    
Pledged Assets related to secured borrowings [Line Items]    
Total assets restricted as collateral 599 669
Pledged assets for Federal Home Loan Bank    
Pledged Assets related to secured borrowings [Line Items]    
Total assets restricted as collateral 26,700 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 3,810 2,946
Consumer | Automotive    
Pledged Assets related to secured borrowings [Line Items]    
Total assets restricted as collateral 37,560 38,316
Consumer | Consumer mortgage finance receivables    
Pledged Assets related to secured borrowings [Line Items]    
Total assets restricted as collateral 16,997 17,269
Commercial    
Pledged Assets related to secured borrowings [Line Items]    
Total assets restricted as collateral $ 6,755 $ 6,297
v3.25.1
Accrued Expenses and Other Liabilities (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
Accounts Payable and Accrued Liabilities [Abstract]        
Accounts payable $ 1,166 $ 505    
Unfunded commitments for proportional amortization investments 1,022 1,019    
Reserves for insurance losses and loss adjustment expenses 268 189 $ 164 $ 140
Employee compensation and benefits 232 424    
Deferred revenue 125 122    
Operating lease liabilities 106 111    
Other liabilities 396 444    
Total accrued expenses and other liabilities $ 3,315 $ 2,814    
v3.25.1
Preferred Stock (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 12 Months Ended
Mar. 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
Liquidation preference (in dollars per share) $ 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
Number of shares outstanding (in shares) 1,350,000 1,350,000
Series B Preferred Stock, Prior To May 15, 2026    
Class of Stock [Line Items]    
Dividend/coupon rate 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
Liquidation preference (in dollars per share) $ 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
Number of shares outstanding (in shares) 1,000,000 1,000,000
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%
v3.25.1
Accumulated Other Comprehensive Loss - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
AOCI Attributable to Parent, Net of Tax [Roll Forward]    
Beginning balance $ 13,903 $ 13,703
Net change 662 (173)
Ending balance 14,232 13,580
Accumulated other comprehensive loss    
AOCI Attributable to Parent, Net of Tax [Roll Forward]    
Beginning balance (3,924) (3,816)
Net change 662 (173)
Ending balance (3,262) (3,989)
Available-for-sale securities    
AOCI Attributable to Parent, Net of Tax [Roll Forward]    
Beginning balance (3,307) (3,146)
Net change 642 (171)
Ending balance (2,665) (3,317)
Held-to-maturity securities    
AOCI Attributable to Parent, Net of Tax [Roll Forward]    
Beginning balance (616) (682)
Net change 15 15
Ending balance (601) (667)
Translation adjustments and net investment hedges    
AOCI Attributable to Parent, Net of Tax [Roll Forward]    
Beginning balance 20 21
Net change 0 (1)
Ending balance 20 20
Cash flow hedges    
AOCI Attributable to Parent, Net of Tax [Roll Forward]    
Beginning balance (21) (9)
Net change 5 (16)
Ending balance $ (16) $ (25)
v3.25.1
Accumulated Other Comprehensive Loss - Schedule of Reclassification Out of Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Other comprehensive income (loss), before tax $ 868 $ (226)
Other comprehensive income (loss), tax effect (206) 53
Other comprehensive (loss) income, net of tax 662 (173)
Available-for-sale securities    
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Net unrealized gains (losses) arising during the period, before tax 346 (223)
Net unrealized gains (losses) arising during the period, tax (81) 53
Net unrealized gains (losses) arising during the period, net of tax 265 (170)
Reclassification from AOCI, before tax (495) 1
Reclassification from AOCI, tax 118 0
Reclassification from AOCI, net of tax (377) 1
Other comprehensive income (loss), before tax 841 (224)
Other comprehensive income (loss), tax effect (199) 53
Other comprehensive (loss) income, net of tax 642 (171)
Held-to-maturity securities    
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Reclassification from AOCI, before tax (20) (20)
Reclassification from AOCI, tax 5 5
Reclassification from AOCI, net of tax (15) (15)
Other comprehensive (loss) income, net of tax 15 15
Translation adjustments    
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Other comprehensive income (loss), before tax   (5)
Other comprehensive income (loss), tax effect   1
Other comprehensive (loss) income, net of tax   (4)
Net investment hedges    
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Other comprehensive income (loss), before tax   4
Other comprehensive income (loss), tax effect   (1)
Other comprehensive (loss) income, net of tax   3
Cash flow hedges    
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Net unrealized gains (losses) arising during the period, before tax   (22)
Net unrealized gains (losses) arising during the period, tax   5
Net unrealized gains (losses) arising during the period, net of tax   (17)
Reclassification from AOCI, before tax (7) (1)
Reclassification from AOCI, tax 2 0
Reclassification from AOCI, net of tax (5) (1)
Other comprehensive income (loss), before tax 7 (21)
Other comprehensive income (loss), tax effect (2) 5
Other comprehensive (loss) income, net of tax $ 5 $ (16)
v3.25.1
Earnings per Common Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Class of Stock [Line Items]    
Net (loss) income from continuing operations $ (225) $ 143
Net (loss) income from continuing operations attributable to common shareholders [1] (253) 115
Net (loss) income attributable to common shareholders [1] $ (253) $ 115
Basic weighted-average common shares outstanding (in shares) [1],[2] 309,006 306,003
Diluted weighted-average common shares outstanding (in shares) [1],[2],[3] 309,006 308,421
Basic earnings per common share    
Net (loss) income from continuing operations (in dollars per share) [1] $ (0.82) $ 0.38
Net (loss) income (in dollars per share) [1] (0.82) 0.38
Diluted earnings per common share    
Net (loss) income from continuing operations (in dollars per share) [1] (0.82) 0.37
Net (Loss) income (in dollars per share) [1] $ (0.82) $ 0.37
Antidilutive securities excluded from computation of earnings per share, amount (in shares) 2,700  
Preferred stock dividends — Series B    
Class of Stock [Line Items]    
Preferred stock dividends $ (16) $ (16)
Preferred stock dividends — Series C    
Class of Stock [Line Items]    
Preferred stock dividends $ (12) $ (12)
[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.
[3]
(c)Due to the antidilutive effect of the net loss from continuing operations for the three months ended March 31, 2025, basic weighted-average common shares outstanding was used to calculate basic and diluted earnings per share. During the three months ended March 31, 2025, there were 2.7 million in share-based awards excluded because their inclusion would have been antidilutive.
v3.25.1
Regulatory Capital and Other Regulatory Matters - Schedule of Regulatory Capital Amount and Ratios (Details)
$ in Millions
Mar. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
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 $ 3,300 $ 3,900    
Brokered deposits $ 3,900      
Percentage of interest-bearing domestic deposits to deposits, brokered 2.60%      
Common equity tier one capital $ 14,607 $ 15,058    
Common equity tier one capital ratio 0.0950 0.0982    
Tier one capital to risk-weighted assets, amount $ 16,863 $ 17,324    
Tier one capital to risk-weighted assets, ratio 0.1097 0.1130    
Tier one capital to risk-weighted assets, well-capitalized minimum 0.0600      
Capital to risk-weighted assets, amount $ 19,717 $ 20,182    
Capital to risk-weighted assets, ratio 0.1283 0.1316    
Capital to risk weighted assets, well-capitalized minimum 0.1000      
Tier one leverage to adjusted quarterly average assets, amount $ 16,863 $ 17,324    
Tier one leverage to adjusted quarterly average assets, ratio 0.0873 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 0.025
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 $ 17,258 $ 17,229    
Common equity tier one capital ratio 0.1197 0.1194    
Common equity tier one capital, well capitalized minimum 0.0650      
Tier one capital to risk-weighted assets, amount $ 17,258 $ 17,229    
Tier one capital to risk-weighted assets, ratio 0.1197 0.1194    
Tier one capital to risk-weighted assets, well-capitalized minimum 0.0800      
Capital to risk-weighted assets, amount $ 19,080 $ 19,052    
Capital to risk-weighted assets, ratio 0.1323 0.1321    
Capital to risk weighted assets, well-capitalized minimum 0.1000      
Tier one leverage to adjusted quarterly average assets, amount $ 17,258 $ 17,229    
Tier one leverage to adjusted quarterly average assets, ratio 0.0946 0.0940    
Tier one leverage to adjusted quarterly average assets, well-capitalized minimum 0.0500      
v3.25.1
Regulatory Capital and Other Regulatory Matters - Schedule of Common Share Repurchases (Details)
$ / shares in Units, $ in Millions
 1 Months Ended 3 Months Ended 105 Months Ended
Apr. 15, 2025
$ / shares
Dec. 31, 2024
USD ($)
$ / shares
shares
Nov. 30, 2024
USD ($)
Jun. 30, 2024
USD ($)
$ / shares
shares
Feb. 28, 2023
USD ($)
Mar. 31, 2025
USD ($)
$ / 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
Mar. 31, 2025
$ / shares
shares
Oct. 31, 2024
Dec. 31, 2023
shares
Oct. 31, 2023
Jun. 30, 2016
shares
Accelerated Share Repurchases [Line Items]                              
Minimum capital conservation buffer           0.025         0.025        
Proceeds from issuance of long-term debt           $ 24       $ 123          
Stock repurchased during period, value           $ 34 $ 7 $ 1 $ 1 $ 29          
Stock repurchased during period, number of shares (in share) | shares           877,000 167,000 27,000 13,000 781,000          
Common stock, shares outstanding (in shares) | shares   305,387,550   304,656,000   307,152,469 305,387,550 304,715,000 304,656,000 303,978,000 307,152,469   302,459,000   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        
Common stock, share reduction                     37.00%        
Cash dividends declared per common share (in dollars per share) | $ / shares [1]           $ 0.30       $ 0.30          
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     $ 440 $ 330                      
Automotive | Credit-Linked Notes | Consumer                              
Accelerated Share Repurchases [Line Items]                              
Debt instrument, reference portfolio amount     $ 4,000 $ 3,000         $ 3,000            
Ally Financial Inc                              
Accelerated Share Repurchases [Line Items]                              
Minimum capital conservation buffer   0.026       0.026 0.026       0.026 0.026   0.025  
Unsecured debt                              
Accelerated Share Repurchases [Line Items]                              
Proceeds from issuance of long-term debt   $ 500     $ 500                    
[1] Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers.
v3.25.1
Derivative Instruments and Hedging Activities - Narrative (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]    
Cash collateral placed with counterparties $ 1  
Noncash collateral placed with counterparties 409 $ 414
Cash collateral received from counterparties $ 2 $ 11
v3.25.1
Derivative Instruments and Hedging Activities - Schedule of Fair Value Amounts of Derivative Instruments Reported on our Condensed Consolidated Balance Sheet (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Derivatives, Fair Value [Line Items]    
receivable position $ 2 $ 12
payable position 4 4
Notional amount 42,011 40,508
Credit derivative, maximum exposure, undiscounted 7 10
Total derivatives designated as accounting hedges    
Derivatives, Fair Value [Line Items]    
receivable position 2 10
payable position 0 0
Notional amount 41,328 39,620
Total derivatives not designated as accounting hedges    
Derivatives, Fair Value [Line Items]    
receivable position 0 2
payable position 4 4
Notional amount 683 888
Interest rate contracts | Total derivatives not designated as accounting hedges    
Derivatives, Fair Value [Line Items]    
receivable position 0 1
payable position 0 0
Notional amount 41 172
Swaps | Total derivatives designated as accounting hedges    
Derivatives, Fair Value [Line Items]    
receivable position 0 0
payable position 0 0
Notional amount 35,007 33,300
Purchased options | Total derivatives designated as accounting hedges    
Derivatives, Fair Value [Line Items]    
receivable position 2 2
payable position 0 0
Notional amount 6,150 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 34 109
Written options | Total derivatives not designated as accounting hedges    
Derivatives, Fair Value [Line Items]    
receivable position 0 1
payable position 0 0
Notional amount 7 63
Foreign exchange contracts | Total derivatives not designated as accounting hedges    
Derivatives, Fair Value [Line Items]    
receivable position 0 1
payable position 0 0
Notional amount 43 47
Forwards | Total derivatives designated as accounting hedges    
Derivatives, Fair Value [Line Items]    
receivable position 0 8
payable position 0 0
Notional amount 171 170
Forwards | Total derivatives not designated as accounting hedges    
Derivatives, Fair Value [Line Items]    
receivable position 0 1
payable position 0 0
Notional amount 43 47
Total credit risk | Total derivatives not designated as accounting hedges    
Derivatives, Fair Value [Line Items]    
receivable position 0 0
payable position 4 4
Notional amount 599 669
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 599 669
Other credit derivatives | Total derivatives not designated as accounting hedges    
Derivatives, Fair Value [Line Items]    
receivable position 0 0
payable position $ 4 $ 4
v3.25.1
Derivative Instruments and Hedging Activities - Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Hedged liability, fair value hedge $ 5,378 $ 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 $ 15,785 $ 15,194
Hedged asset, fair value hedge, cumulative increase (decrease) $ (84) $ (248)
Hedged Asset, Statement of Financial Position [Extensible Enumeration] Available-for-sale securities (amortized cost of $25,772 and $26,810) Available-for-sale securities (amortized cost of $25,772 and $26,810)
Closed portfolio and beneficial interest, last-of-layer, amortized cost $ 14,200 $ 13,900
Amortized cost 14,000 13,600
Cumulative basis adjustment for active hedges, asset (liability) (88) (209)
Hedged asset, last-of-layer, amount 12,000 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) 11 (106)
Finance receivables and loans, net    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Hedged asset, fair value hedge 41,802 34,493
Hedged asset, fair value hedge, cumulative increase (decrease) $ (19) $ (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) $ (19) $ (51)
Hedged asset, last-of-layer, amount 21,600 20,100
Closed portfolio, carrying value 40,900 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) (12) (41)
Long-term debt    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Hedged liability, fair value hedge, cumulative increase (decrease) 86 88
Discontinued hedge | Available-for-sale securities    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Hedged asset, discontinued fair value hedge, cumulative increase (decrease) (100) (132)
Cumulative basis adjustment for active hedges, asset (liability) (99) (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) (7) (10)
Cumulative basis adjustment for active hedges, asset (liability) (7) (10)
Discontinued hedge | Long-term debt    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Hedged liability, discontinued fair value hedge, cumulative increase (decrease) $ 86 $ 88
v3.25.1
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
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Derivative Instruments, Gain (Loss) [Line Items]    
Total gain recognized in earnings $ 1 $ 6
Interest rate contracts    
Derivative Instruments, Gain (Loss) [Line Items]    
Total gain recognized in earnings 1 5
Foreign exchange contracts    
Derivative Instruments, Gain (Loss) [Line Items]    
Total gain recognized in earnings 0 1
Gain on mortgage and automotive loans, net | Interest rate contracts    
Derivative Instruments, Gain (Loss) [Line Items]    
Total gain recognized in earnings 1 5
Other operating expenses | Foreign exchange contracts    
Derivative Instruments, Gain (Loss) [Line Items]    
Total gain recognized in earnings $ 0 $ 1
v3.25.1
Derivative Instruments and Hedging Activities - Schedule of Derivative Instruments Designated as Fair Value Hedges, Gain (Loss) (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Derivative Instruments, Gain (Loss) [Line Items]    
Interest and fees on finance receivables and loans $ 2,709 $ 2,827
Interest and dividends on investment securities and other earning assets 230 266
Interest on long-term debt 271 248
Loss on cash flow hedges to be recognized within twelve months 31  
Total derivatives designated as accounting hedges | Interest and fees on finance receivables and loans    
Derivative Instruments, Gain (Loss) [Line Items]    
Total gain on fair value hedging relationships 0 0
Total loss on cash flow hedging relationships (7) (1)
Total derivatives designated as accounting hedges | Interest and dividends on investment securities and other earning assets    
Derivative Instruments, Gain (Loss) [Line Items]    
Total gain on fair value hedging relationships 0 0
Total loss on cash flow hedging relationships 0 0
Total derivatives designated as accounting hedges | Interest on long-term debt    
Derivative Instruments, Gain (Loss) [Line Items]    
Total gain on fair value hedging relationships 0 0
Total loss on cash flow hedging relationships 0 0
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
Change in unrealized gain (loss) on fair value hedging instruments 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 130 (205)
Change in unrealized gain (loss) on fair value hedging instruments (130) 205
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
Change in unrealized gain (loss) on fair value hedging instruments 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 29 (94)
Change in unrealized gain (loss) on fair value hedging instruments (29) 94
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
Change in unrealized gain (loss) on fair value hedging instruments 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
Change in unrealized gain (loss) on fair value hedging instruments 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 (7) (1)
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
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
v3.25.1
Derivative Instruments and Hedging Activities - Schedule of Interest and Amortization on Derivative Instruments (Details) - Total derivatives designated as accounting hedges - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest and fees on finance receivables and loans    
Derivative Instruments, Gain (Loss) [Line Items]    
Total gain on fair value hedging relationships $ 21 $ 87
Interest and dividends on investment securities and other earning assets    
Derivative Instruments, Gain (Loss) [Line Items]    
Total gain on fair value hedging relationships 22 54
Interest on long-term debt    
Derivative Instruments, Gain (Loss) [Line Items]    
Total gain on fair value hedging relationships 2 3
Unsecured debt | Interest and fees on finance receivables and loans    
Derivative Instruments, Gain (Loss) [Line Items]    
Gain on amortization of deferred basis adjustments 0 0
Unsecured debt | 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
Unsecured debt | Interest on long-term debt    
Derivative Instruments, Gain (Loss) [Line Items]    
Gain on amortization of deferred basis adjustments 2 2
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
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
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 1
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
Gain on interest for qualifying hedge 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 5 6
Gain on interest for qualifying hedge 17 48
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
Gain on interest for qualifying hedge 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 2 5
Gain on interest for qualifying hedge 19 82
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
Gain on interest for qualifying hedge 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
Gain on interest for qualifying hedge $ 0 $ 0
v3.25.1
Derivative Instruments and Hedging Activities - Schedule of Derivative Instruments Used in Net Investment Hedge Accounting Relationships (Details) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest rate contracts | Cash flow hedging    
Derivative Instruments, Gain (Loss) [Line Items]    
Gain (loss) recognized in other comprehensive income (loss) $ 7,000,000 $ (21,000,000)
Foreign exchange contracts | Net investment hedging    
Derivative Instruments, Gain (Loss) [Line Items]    
Gain recognized in other comprehensive income (loss) 0 4,000,000
Amounts excluded from effectiveness testing 0 0
Amounts reclassified from accumulated other comprehensive income $ 0 $ 0
v3.25.1
Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Tax Disclosure [Abstract]    
Income tax (benefit) expense from continuing operations $ (59) $ 40
v3.25.1
Fair Value - Schedule of Fair Value Measurements - Recurring Basis (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity securities $ 942 $ 871
Total available-for-sale securities $ 22,346 $ 22,410
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Finance receivables and loans, net Finance receivables and loans, net
Investment in any one industry did not exceed percentage 11.00% 14.00%
Carrying amount, equity investments without a readily determinable fair value $ 93 $ 91
Fair value, measurements, recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 22,346 22,410
Mortgage loans held-for-sale 6 16
Derivative contracts in a receivable position 2 12
Total assets 23,246 23,258
Total derivative contracts in a payable position 4 4
Total liabilities 4 4
Fair value, measurements, recurring | Credit contracts    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total derivative contracts in a payable position 4 4
Fair value, measurements, recurring | Equity securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity securities 892 820
Carrying amount, equity investments without a readily determinable fair value 50 51
Fair value, measurements, recurring | U.S. Treasury and federal agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 2,086 1,873
Fair value, measurements, recurring | U.S. States and political subdivisions    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 610 617
Fair value, measurements, recurring | Foreign government    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 199 194
Fair value, measurements, recurring | Agency mortgage-backed residential    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 12,687 13,653
Fair value, measurements, recurring | Mortgage-backed residential    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 205 206
Fair value, measurements, recurring | Agency mortgage-backed commercial    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 4,671 3,984
Fair value, measurements, recurring | Asset-backed    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 74 129
Fair value, measurements, recurring | Corporate debt    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 1,814 1,754
Fair value, measurements, recurring | Interest rate contracts    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative contracts in a receivable position 2 3
Fair value, measurements, recurring | Foreign exchange contracts    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative contracts in a receivable position   9
Fair value, measurements, recurring | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 2,120 1,909
Mortgage loans held-for-sale 0 0
Derivative contracts in a receivable position 0 0
Total assets 3,012 2,729
Total derivative contracts in a payable position 0 0
Total liabilities 0 0
Fair value, measurements, recurring | Level 1 | Credit contracts    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total derivative contracts in a payable position 0 0
Fair value, measurements, recurring | Level 1 | Equity securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity securities 892 820
Fair value, measurements, recurring | Level 1 | U.S. Treasury and federal agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 2,086 1,873
Fair value, measurements, recurring | Level 1 | U.S. States and political subdivisions    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 1 | Foreign government    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 34 36
Fair value, measurements, recurring | Level 1 | Agency mortgage-backed residential    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 1 | Mortgage-backed residential    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 1 | Agency mortgage-backed commercial    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 1 | Asset-backed    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 1 | Corporate debt    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 1 | Interest rate contracts    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative contracts in a receivable position 0 0
Fair value, measurements, recurring | Level 1 | Foreign exchange contracts    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative contracts in a receivable position   0
Fair value, measurements, recurring | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 20,191 20,466
Mortgage loans held-for-sale 3 11
Derivative contracts in a receivable position 2 11
Total assets 20,196 20,488
Total derivative contracts in a payable position 0 0
Total liabilities 0 0
Fair value, measurements, recurring | Level 2 | Credit contracts    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total derivative contracts in a payable position 0 0
Fair value, measurements, recurring | Level 2 | Equity securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity securities 0 0
Fair value, measurements, recurring | Level 2 | U.S. Treasury and federal agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 2 | U.S. States and political subdivisions    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 575 582
Fair value, measurements, recurring | Level 2 | Foreign government    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 165 158
Fair value, measurements, recurring | Level 2 | Agency mortgage-backed residential    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 12,687 13,653
Fair value, measurements, recurring | Level 2 | Mortgage-backed residential    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 205 206
Fair value, measurements, recurring | Level 2 | Agency mortgage-backed commercial    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 4,671 3,984
Fair value, measurements, recurring | Level 2 | Asset-backed    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 74 129
Fair value, measurements, recurring | Level 2 | Corporate debt    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 1,814 1,754
Fair value, measurements, recurring | Level 2 | Interest rate contracts    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative contracts in a receivable position 2 2
Fair value, measurements, recurring | Level 2 | Foreign exchange contracts    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative contracts in a receivable position   9
Fair value, measurements, recurring | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 35 35
Mortgage loans held-for-sale 3 5
Derivative contracts in a receivable position 0 1
Total assets 38 41
Total derivative contracts in a payable position 4 4
Total liabilities 4 4
Fair value, measurements, recurring | Level 3 | Credit contracts    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total derivative contracts in a payable position 4 4
Fair value, measurements, recurring | Level 3 | Equity securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity securities 0 0
Fair value, measurements, recurring | Level 3 | U.S. Treasury and federal agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 3 | U.S. States and political subdivisions    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 35 35
Fair value, measurements, recurring | Level 3 | Foreign government    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 3 | Agency mortgage-backed residential    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 3 | Mortgage-backed residential    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 3 | Agency mortgage-backed commercial    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 3 | Asset-backed    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 3 | Corporate debt    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total available-for-sale securities 0 0
Fair value, measurements, recurring | Level 3 | Interest rate contracts    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative contracts in a receivable position $ 0 1
Fair value, measurements, recurring | Level 3 | Foreign exchange contracts    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative contracts in a receivable position   $ 0
v3.25.1
Fair Value - Schedule of Fair Value Measurements - Reconciliation of Level 3 Assets And Liabilities (Details) - Fair value, measurements, recurring - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Derivative liabilities, net of derivative assets    
Liabilities    
Fair value at beginning of the period $ 3 $ 8
Fair value at January 1,    
Included in earnings (1) (4)
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 2 4
Fair value at ending of the period 4 8
Net unrealized gains still held at March 31,    
Included in earnings 0 (2)
Included in OCI 0 0
Equity securities    
Assets    
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
Net unrealized gains still held at March 31,    
Included in earnings 0 0
Included in OCI 0 0
Available-for-sale securities    
Assets    
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 2
Sales 0 0
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 35 11
Net unrealized gains still held at March 31,    
Included in earnings 0 0
Included in OCI 0 0
Loans held-for-sale    
Assets    
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 8 0
Sales (10) 0
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 3 0
Net unrealized gains still held at March 31,    
Included in earnings 0 0
Included in OCI $ 0 $ 0
v3.25.1
Fair Value - Schedule of Fair Value Measurements - Nonrecurring Basis (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Dec. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Loans held-for-sale, net $ 160 $ 209   $ 160
Finance receivables and loans, net 132,316 130,087   132,316
Goodwill impairment   305 $ 0 118
Nonrecurring fair value measurements        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Loans held-for-sale, net 143 203   143
Lower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustments 0 0   0
Goodwill impairment 118      
Assets | Nonrecurring fair value measurements        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Total assets 552 311   552
Lower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustments (184) (85)   (184)
Goodwill | Nonrecurring fair value measurements        
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)
Repossessed and foreclosed assets | Nonrecurring fair value measurements        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Other assets 8 10   8
Lower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustments (1) (2)   (1)
Level 1 | Nonrecurring fair value measurements        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Loans held-for-sale, net 0 0   0
Level 1 | Assets | Nonrecurring fair value measurements        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Total assets 0 0   0
Level 1 | Goodwill | Nonrecurring fair value measurements        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Goodwill 0     0
Level 1 | Repossessed and foreclosed assets | Nonrecurring fair value measurements        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Other assets 0 0   0
Level 2 | Nonrecurring fair value measurements        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Loans held-for-sale, net 0 0   0
Level 2 | Assets | Nonrecurring fair value measurements        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Total assets 0 0   0
Level 2 | Goodwill | Nonrecurring fair value measurements        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Goodwill 0     0
Level 2 | Repossessed and foreclosed assets | Nonrecurring fair value measurements        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Other assets 0 0   0
Level 3 | Nonrecurring fair value measurements        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Loans held-for-sale, net 143 203   143
Level 3 | Assets | Nonrecurring fair value measurements        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Total assets 552 311   552
Level 3 | Goodwill | Nonrecurring fair value measurements        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Goodwill 362     362
Level 3 | Repossessed and foreclosed assets | Nonrecurring fair value measurements        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Other assets 8 10   8
Commercial | Nonrecurring fair value measurements        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Finance receivables and loans, net 39 98   39
Lower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustments (65) (83)   (65)
Commercial | Level 1 | Nonrecurring fair value measurements        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Finance receivables and loans, net 0 0   0
Commercial | Level 2 | Nonrecurring fair value measurements        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Finance receivables and loans, net 0 0   0
Commercial | Level 3 | Nonrecurring fair value measurements        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Finance receivables and loans, net 39 98   39
Automotive | Commercial | Nonrecurring fair value measurements        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Finance receivables and loans, net 13 77   13
Lower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustments (2) (16)   (2)
Automotive | Commercial | Level 1 | Nonrecurring fair value measurements        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Finance receivables and loans, net 0 0   0
Automotive | Commercial | Level 2 | Nonrecurring fair value measurements        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Finance receivables and loans, net 0 0   0
Automotive | Commercial | Level 3 | Nonrecurring fair value measurements        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Finance receivables and loans, net 13 77   13
Other | Commercial | Nonrecurring fair value measurements        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Finance receivables and loans, net 26 21   26
Lower-of-cost-or-fair-value reserve, valuation reserve, or cumulative adjustments (63) (67)   (63)
Other | Commercial | Level 1 | Nonrecurring fair value measurements        
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 | Nonrecurring fair value measurements        
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 | Nonrecurring fair value measurements        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Finance receivables and loans, net $ 26 $ 21   $ 26
v3.25.1
Fair Value - Schedule of Fair Value, by Balance Sheet Grouping (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Held-to-maturity securities $ 4,668 $ 4,346
Loans held-for-sale, net 209 160
Finance receivables and loans, net 130,087 132,316
Deposit liabilities 151,428 151,574
Short-term borrowings 3,339 1,625
Long-term debt 16,465 17,495
Carrying value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Held-to-maturity securities 4,668 4,346
Loans held-for-sale, net 203 144
Finance receivables and loans, net 130,087 132,316
FHLB/FRB stock 693 698
Deposit liabilities 42,459 47,242
Short-term borrowings 3,339 1,625
Long-term debt 16,465 17,495
Estimated fair value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Held-to-maturity securities 4,670 4,293
Loans held-for-sale, net 203 144
Finance receivables and loans, net 132,614 134,603
FHLB/FRB stock 693 698
Deposit liabilities 42,591 47,403
Short-term borrowings 3,345 1,625
Long-term debt 17,531 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 4,670 4,293
Loans held-for-sale, net 0 0
Finance receivables and loans, net 0 0
FHLB/FRB stock 693 698
Deposit liabilities 0 0
Short-term borrowings 0 0
Long-term debt 12,880 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 203 144
Finance receivables and loans, net 132,614 134,603
FHLB/FRB stock 0 0
Deposit liabilities 42,591 47,403
Short-term borrowings 3,345 1,625
Long-term debt $ 4,651 $ 4,982
v3.25.1
Offsetting Assets and Liabilities (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Offsetting [Abstract]    
Derivative assets, gross amounts of recognized assets/liabilities $ 2 $ 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 2 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 (2) (10)
Derivative assets, net amount 0 2
Total assets, gross amounts of recognized assets/liabilities 2 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 2 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 (2) (10)
Total assets, net amount 0 2
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 0 0
Derivative liabilities, net amount 4 4
Securities sold under agreement to repurchase, gross amounts of recognized assets/liabilities 889  
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 889  
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 (889)  
Securities sold under agreements to repurchase, net amount 0  
Total liabilities, gross amounts of recognized assets/liabilities 893 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 893 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 (889) 0
Total liabilities, net amount 4 4
Derivative liabilities with no offsetting arrangements $ 4 4
Derivative assets with no offsetting arrangements   $ 1
v3.25.1
Segment Information (Details)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2025
USD ($)
subsegment
segment
Mar. 31, 2024
USD ($)
Dec. 31, 2024
USD ($)
Segment Reporting Information [Line Items]      
Number of operating segments | segment 3    
Number of operating subsegments | subsegment 2    
Total financing revenue and other interest income $ 3,393 $ 3,582  
Total interest expense 1,675 1,922  
Net depreciation expense on operating lease assets 240 192  
Net financing revenue and other interest income 1,478 1,468  
Other revenue 63 530  
Total net revenue 1,541 1,998  
Provision for credit losses 191 507  
Compensation and benefits expense 505 519  
Insurance losses and loss adjustment expenses 161 112  
Goodwill impairment 305 0 $ 118
Other operating expenses      
Technology and communications 103 106  
Other 560 571  
Total other operating expenses 663 677  
Total noninterest expense 1,634 1,308  
(Loss) income from continuing operations before income tax (benefit) expense (284) 183  
Total assets 193,331 192,800 191,836
Net financing revenue and other interest income after the provision for credit losses 1,300 961  
Operating Segments | Automotive Finance operations      
Segment Reporting Information [Line Items]      
Total financing revenue and other interest income 2,571 2,576  
Total interest expense 1,065 1,010  
Net depreciation expense on operating lease assets 240 192  
Net financing revenue and other interest income 1,266 1,374  
Other revenue 97 97  
Total net revenue 1,363 1,471  
Provision for credit losses 434 448  
Compensation and benefits expense 183 178  
Insurance losses and loss adjustment expenses 0 0  
Goodwill impairment 0   0
Other operating expenses      
Technology and communications 29 32  
Other 342 333  
Total other operating expenses 371 365  
Total noninterest expense 554 543  
(Loss) income from continuing operations before income tax (benefit) expense 375 480  
Total assets 111,672 114,464  
Operating Segments | Insurance operations      
Segment Reporting Information [Line Items]      
Total financing revenue and other interest income 44 39  
Total interest expense 14 13  
Net depreciation expense on operating lease assets 0 0  
Net financing revenue and other interest income 30 26  
Other revenue 364 384  
Total net revenue 394 410  
Provision for credit losses 0 0  
Compensation and benefits expense 30 28  
Insurance losses and loss adjustment expenses 161 112  
Goodwill impairment 0   0
Other operating expenses      
Technology and communications 5 5  
Other 196 195  
Total other operating expenses 201 200  
Total noninterest expense 392 340  
(Loss) income from continuing operations before income tax (benefit) expense 2 70  
Total assets 9,489 9,100  
Operating Segments | Corporate Finance operations      
Segment Reporting Information [Line Items]      
Total financing revenue and other interest income 221 269  
Total interest expense 117 149  
Net depreciation expense on operating lease assets 0 0  
Net financing revenue and other interest income 104 120  
Other revenue 29 23  
Total net revenue 133 143  
Provision for credit losses 14 (1)  
Compensation and benefits expense 25 27  
Insurance losses and loss adjustment expenses 0 0  
Goodwill impairment 0    
Other operating expenses      
Technology and communications 1 1  
Other 17 16  
Total other operating expenses 18 17  
Total noninterest expense 43 44  
(Loss) income from continuing operations before income tax (benefit) expense 76 100  
Total assets 11,002 10,410  
Corporate and Other      
Segment Reporting Information [Line Items]      
Total financing revenue and other interest income 557 698  
Total interest expense 479 750  
Net depreciation expense on operating lease assets 0 0  
Net financing revenue and other interest income 78 (52)  
Other revenue (427) 26  
Total net revenue (349) (26)  
Provision for credit losses (257) 60  
Compensation and benefits expense 267 286  
Insurance losses and loss adjustment expenses 0 0  
Goodwill impairment 305   $ 118
Other operating expenses      
Technology and communications 68 68  
Other 5 27  
Total other operating expenses 73 95  
Total noninterest expense 645 381  
(Loss) income from continuing operations before income tax (benefit) expense (737) (467)  
Total assets $ 61,168 $ 58,826  
v3.25.1
Subsequent Events (Details) - $ / shares
 3 Months Ended
Apr. 15, 2025
Mar. 31, 2025
Mar. 31, 2024
Subsequent Event [Line Items]      
Cash dividends declared per common share (in dollars per share) [1]   $ 0.30 $ 0.30
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.