Other Assets (Tables)

9 Months Ended

Sep. 30, 2025

The components of other assets were as follows.


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

Property and equipment at cost	$	2,269	$	2,226
Accumulated depreciation	(1,093)		(973)
Net property and equipment	1,176		1,253
Net deferred tax assets	2,175		1,916
Proportional amortization investments (a) (b)	2,080		2,131
Restricted cash and cash equivalents (c)	1,131		788
Accrued interest, fees, and rent receivables (d)	896		929
Nonmarketable equity investments	858		789
Equity-method investments (e)	705		632
Restricted cash held for securitization trusts (f)	227		300
Other accounts receivable	213		312
Goodwill	190		551
Operating lease right-of-use assets	91		92
Net intangible assets	—		54
Other assets	953		913
Total other assets	$	10,695	$	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)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.

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

(e)Primarily relates to investments made in connection with our CRA program.

(f)Includes restricted cash collected from customer payments on securitized receivables, which are distributed by us to investors as payments on the related secured debt, and cash reserve deposits utilized as a form of credit enhancement for various securitization transactions.

Schedule of Activity in Proportional Amortization Investment

The following table summarizes information about our proportional amortization investments.


	Three months ended September 30,				Nine months ended September 30,
($ in millions)	2025		2024		2025		2024
Tax credits and other tax benefits from proportional amortization investments (a) (b)	$	91	$	106	$	249	$	215
Investment amortization expense recognized as a component of income tax expense (a)	73		86		198		174
Net benefit from proportional amortization investments (a)	$	18	$	20	$	51	$	41

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

(b)There were no impairment losses recognized during both the three months and nine months ended September 30, 2025, and September 30, 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 September 30, 2025, and December 31, 2024, including cumulative unrealized gains and losses, was as follows.


($ in millions)	September 30, 2025		December 31, 2024
FRB stock	$	442	$	440
FHLB stock	310		258
Equity investments without a readily determinable fair value
Cost basis	91		74
Adjustments
Upward adjustments	53		53
Downward adjustments (including impairment)	(38)		(36)
Carrying amount, equity investments without a readily determinable fair value	106		91
Nonmarketable equity investments	$	858	$	789

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


	Three months ended September 30,				Nine months ended September 30,
($ in millions)	2025		2024		2025		2024
Upward adjustments	$	—	$	1	$	—	$	2
Downward adjustments (including impairment) (a)	$	—	$	(5)	$	(2)	$	(19)

(a)No impairment on FHLB and FRB stock was recognized during both the three months and nine months ended September 30, 2025, and September 30, 2024.

Schedule of Goodwill

The carrying balance of goodwill by reportable operating segment was as follows.


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

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

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

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

(b)We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 for additional information.

Schedule of Finite-Lived Intangible Assets

The net carrying value of intangible assets by class was as follows.


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

Trademarks	—		—		—		2		(2)		—

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

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

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+ Details

Ally Financial Inc. 10-Q