2016 Form 10-K Financial Statement

#000004072917000067 Filed on February 27, 2017

View on sec.gov

Income Statement

Concept 2016 2015 Q4 2015 Q3
Revenue $5.437B $1.339B $1.302B
YoY Change 11.85% 32.05% 3.01%
Cost Of Revenue $342.0M $61.00M
YoY Change 16.72% -37.11%
Gross Profit $5.095B $1.241B
YoY Change 11.54% 6.34%
Gross Profit Margin 93.71% 95.31%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $274.0M $65.00M
YoY Change 2.62% -15.58%
% of Gross Profit 5.38% 5.24%
Depreciation & Amortization $2.382B $671.0M $664.0M
YoY Change -14.96% -16.44% -7.52%
% of Gross Profit 46.75% 53.51%
Operating Expenses $274.0M $65.00M
YoY Change 2.62% -15.58%
Operating Profit $4.821B $1.176B
YoY Change 12.09% 7.89%
Interest Expense $2.629B $604.0M
YoY Change 8.23% -9.99%
% of Operating Profit 54.53% 51.36%
Other Income/Expense, Net $1.530B $356.0M $332.0M
YoY Change 33.98%
Pretax Income $1.581B $431.0M $417.0M
YoY Change 13.5% 130.48% -0.71%
Income Tax $470.0M $155.0M $144.0M
% Of Pretax Income 29.73% 35.96% 34.53%
Net Earnings $1.067B $263.0M $268.0M
YoY Change -17.22% 48.59% -36.64%
Net Earnings / Revenue 19.62% 19.64% 20.58%
Basic Earnings Per Share $2.15 -$1.97 $0.48
Diluted Earnings Per Share $2.15 -$1.97 $0.47
COMMON SHARES
Basic Shares Outstanding 481.1M shares 481.8M shares 483.1M shares
Diluted Shares Outstanding 482.2M shares 484.4M shares

Balance Sheet

Concept 2016 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $6.380B $5.227B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $11.85B $235.0M $212.0M
YoY Change -28.23% 4.44% -5.78%
Goodwill $27.00M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $994.0M $1.369B $1.459B
YoY Change -27.39% -44.03% -38.98%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $163.7B $158.6B $155.9B
YoY Change 3.25% 4.58% 4.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.000B $741.0M $924.0M
YoY Change 34.95% -4.39% 5.6%
Accrued Expenses $447.0M $746.0M $720.0M
YoY Change -25.62% -23.88% -10.0%
Deferred Revenue
YoY Change
Short-Term Debt $4.798B $8.101B $5.378B
YoY Change 17.0% 14.71% 2.34%
Long-Term Debt Due $11.26B $13.41B
YoY Change -35.25% -26.98%
Total Short-Term Liabilities $1.447B $1.487B $1.644B
YoY Change 7.82% -15.27% -1.85%
LONG-TERM LIABILITIES
Long-Term Debt $54.13B $54.65B $53.60B
YoY Change -18.28% 12.57% 10.49%
Other Long-Term Liabilities $3.141B $2.842B $2.982B
YoY Change 5.16% 0.35% 1.95%
Total Long-Term Liabilities $57.27B $54.65B $53.60B
YoY Change -17.27% 12.57% 10.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.447B $1.487B $1.644B
Total Long-Term Liabilities $57.27B $54.65B $53.60B
Total Liabilities $150.4B $145.1B $141.5B
YoY Change 3.63% 6.54% 5.6%
SHAREHOLDERS EQUITY
Retained Earnings -$8.110B -$7.158B
YoY Change 18.78% 3.19%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $16.00M $16.00M
YoY Change
Treasury Stock Shares 811.0K shares 802.5K shares
Shareholders Equity $13.32B $13.44B $14.60B
YoY Change
Total Liabilities & Shareholders Equity $163.7B $158.6B $156.1B
YoY Change 3.25% 4.58% 4.63%

Cashflow Statement

Concept 2016 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income $1.067B $263.0M $268.0M
YoY Change -17.22% 48.59% -36.64%
Depreciation, Depletion And Amortization $2.382B $671.0M $664.0M
YoY Change -14.96% -16.44% -7.52%
Cash From Operating Activities $4.567B $1.141B $2.227B
YoY Change -10.64% 20.74% 135.66%
INVESTING ACTIVITIES
Capital Expenditures -$3.274B -$1.262B -$1.075B
YoY Change -30.12% -40.3% -58.46%
Acquisitions
YoY Change
Other Investing Activities $306.0M -$1.722B -$752.0M
YoY Change -10300.0% 56.12% -130.04%
Cash From Investing Activities -$9.070B -$2.984B -$1.827B
YoY Change -9.33% -7.24% 2049.41%
FINANCING ACTIVITIES
Cash Dividend Paid $108.0M
YoY Change -95.8%
Common Stock Issuance & Retirement, Net $341.0M
YoY Change 2031.25%
Debt Paid & Issued, Net $26.41B
YoY Change -15.75%
Cash From Financing Activities $3.670B 2.741B -1.029B
YoY Change -32.59% 27.55% 9.82%
NET CHANGE
Cash From Operating Activities $4.567B 1.141B 2.227B
Cash From Investing Activities -$9.070B -2.984B -1.827B
Cash From Financing Activities $3.670B 2.741B -1.029B
Net Change In Cash -$832.0M 898.0M -629.0M
YoY Change -251.82% -830.08% 716.88%
FREE CASH FLOW
Cash From Operating Activities $4.567B $1.141B $2.227B
Capital Expenditures -$3.274B -$1.262B -$1.075B
Free Cash Flow $7.841B $2.403B $3.302B
YoY Change -19.96% -21.44% -6.54%

Facts In Submission

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OtherComprehensiveIncomeLossReclassificationAdjustmentForNetInvestmentHedgesIncludedInNetIncomeDiscontinuedOperationBeforeTax
-4000000 USD
CY2014 ally Other Comprehensive Income Loss Reclassification Adjustment For Net Investment Hedges Included In Net Income Discontinued Operation Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForNetInvestmentHedgesIncludedInNetIncomeDiscontinuedOperationNetOfTax
0 USD
CY2015 ally Other Comprehensive Income Loss Reclassification Adjustment For Net Investment Hedges Included In Net Income Discontinued Operation Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForNetInvestmentHedgesIncludedInNetIncomeDiscontinuedOperationNetOfTax
-3000000 USD
CY2016 ally Other Comprehensive Income Loss Reclassification Adjustment For Net Investment Hedges Included In Net Income Discontinued Operation Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForNetInvestmentHedgesIncludedInNetIncomeDiscontinuedOperationNetOfTax
0 USD
CY2015 ally Other Comprehensive Income Loss Reclassification Adjustment For Net Investment Hedges Included In Net Income Discontinued Operation Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForNetInvestmentHedgesIncludedInNetIncomeDiscontinuedOperationTax
-1000000 USD
CY2014 ally Other Comprehensive Income Loss Reclassification Adjustmentto Net Income Pensionand Other Postretirement Benefit Plansfor Net Gain Loss Netof Tax
OtherComprehensiveIncomeLossReclassificationAdjustmenttoNetIncomePensionandOtherPostretirementBenefitPlansforNetGainLossNetofTax
4000000 USD
CY2015 ally Other Comprehensive Income Loss Reclassification Adjustmentto Net Income Pensionand Other Postretirement Benefit Plansfor Net Gain Loss Netof Tax
OtherComprehensiveIncomeLossReclassificationAdjustmenttoNetIncomePensionandOtherPostretirementBenefitPlansforNetGainLossNetofTax
-1000000 USD
CY2016 ally Other Comprehensive Income Loss Reclassification Adjustmentto Net Income Pensionand Other Postretirement Benefit Plansfor Net Gain Loss Netof Tax
OtherComprehensiveIncomeLossReclassificationAdjustmenttoNetIncomePensionandOtherPostretirementBenefitPlansforNetGainLossNetofTax
2000000 USD
CY2014 ally Other Comprehensive Income Loss Reclassification Adjustmentto Net Incomefor Saleof Securities Netof Tax
OtherComprehensiveIncomeLossReclassificationAdjustmenttoNetIncomeforSaleofSecuritiesNetofTax
167000000 USD
CY2015 ally Other Comprehensive Income Loss Reclassification Adjustmentto Net Incomefor Saleof Securities Netof Tax
OtherComprehensiveIncomeLossReclassificationAdjustmenttoNetIncomeforSaleofSecuritiesNetofTax
99000000 USD
CY2016 ally Other Comprehensive Income Loss Reclassification Adjustmentto Net Incomefor Saleof Securities Netof Tax
OtherComprehensiveIncomeLossReclassificationAdjustmenttoNetIncomeforSaleofSecuritiesNetofTax
147000000 USD
CY2014 ally Other Comprehensive Income Unrealized Gain Loss On Net Investment Hedges Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnNetInvestmentHedgesArisingDuringPeriodBeforeTax
13000000 USD
CY2015 ally Other Comprehensive Income Unrealized Gain Loss On Net Investment Hedges Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnNetInvestmentHedgesArisingDuringPeriodBeforeTax
29000000 USD
CY2016 ally Other Comprehensive Income Unrealized Gain Loss On Net Investment Hedges Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnNetInvestmentHedgesArisingDuringPeriodBeforeTax
1000000 USD
CY2014 ally Other Comprehensive Income Unrealized Gain Loss On Net Investment Hedges Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnNetInvestmentHedgesArisingDuringPeriodNetOfTax
8000000 USD
CY2015 ally Other Comprehensive Income Unrealized Gain Loss On Net Investment Hedges Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnNetInvestmentHedgesArisingDuringPeriodNetOfTax
18000000 USD
CY2016 ally Other Comprehensive Income Unrealized Gain Loss On Net Investment Hedges Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnNetInvestmentHedgesArisingDuringPeriodNetOfTax
1000000 USD
CY2014 ally Other Comprehensive Income Unrealized Gain Loss On Net Investment Hedges Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnNetInvestmentHedgesArisingDuringPeriodTax
5000000 USD
CY2015 ally Other Comprehensive Income Unrealized Gain Loss On Net Investment Hedges Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnNetInvestmentHedgesArisingDuringPeriodTax
11000000 USD
CY2016 ally Other Comprehensive Income Unrealized Gain Loss On Net Investment Hedges Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnNetInvestmentHedgesArisingDuringPeriodTax
0 USD
CY2014 ally Other Comprehensive Income Unrealized Gain Losson Net Investment Hedges Arising Duringthe Period Netof Tax
OtherComprehensiveIncomeUnrealizedGainLossonNetInvestmentHedgesArisingDuringthePeriodNetofTax
8000000 USD
CY2015 ally Other Comprehensive Income Unrealized Gain Losson Net Investment Hedges Arising Duringthe Period Netof Tax
OtherComprehensiveIncomeUnrealizedGainLossonNetInvestmentHedgesArisingDuringthePeriodNetofTax
18000000 USD
CY2016 ally Other Comprehensive Income Unrealized Gain Losson Net Investment Hedges Arising Duringthe Period Netof Tax
OtherComprehensiveIncomeUnrealizedGainLossonNetInvestmentHedgesArisingDuringthePeriodNetofTax
1000000 USD
CY2016Q4 ally Other Non Attribute Valuation Allowance
OtherNonAttributeValuationAllowance
33000000 USD
CY2015Q4 ally Payables To Bank Subsidiaries
PayablesToBankSubsidiaries
0 USD
CY2015Q4 ally Payables To Nonbank Subsidiaries
PayablesToNonbankSubsidiaries
0 USD
CY2016Q4 ally Payables To Nonbank Subsidiaries
PayablesToNonbankSubsidiaries
0 USD
CY2016Q4 ally Percentofprincipledebtplusaccruedandunpaidinterestistheredemptionpriceif Allyredeemsthe Series2 Trup Sonorafter February152016.
PercentofprincipledebtplusaccruedandunpaidinterestistheredemptionpriceifAllyredeemstheSeries2TRUPSonorafterFebruary152016.
1.00
CY2015Q4 ally Pledged Assets Investment In Operating Leases
PledgedAssetsInvestmentInOperatingLeases
5539000000 USD
CY2016Q4 ally Pledged Assets Investment In Operating Leases
PledgedAssetsInvestmentInOperatingLeases
2040000000 USD
CY2015Q4 ally Pledged Assets Mortgage Assets Held For Investment
PledgedAssetsMortgageAssetsHeldForInvestment
9743000000 USD
CY2016Q4 ally Pledged Assets Mortgage Assets Held For Investment
PledgedAssetsMortgageAssetsHeldForInvestment
10954000000 USD
CY2015 ally Preferredstockredemption
Preferredstockredemption
234000000 USD
CY2015Q4 ally Premiums Receivable And Other Insurance Assets
PremiumsReceivableAndOtherInsuranceAssets
1801000000 USD
CY2016Q4 ally Premiums Receivable And Other Insurance Assets
PremiumsReceivableAndOtherInsuranceAssets
1905000000 USD
CY2014 ally Proceeds From Sales And Repayments Of Mortgage Loans Held For Investment Originally Designated As Held For Sale
ProceedsFromSalesAndRepaymentsOfMortgageLoansHeldForInvestmentOriginallyDesignatedAsHeldForSale
38000000 USD
CY2015 ally Proceeds From Sales And Repayments Of Mortgage Loans Held For Investment Originally Designated As Held For Sale
ProceedsFromSalesAndRepaymentsOfMortgageLoansHeldForInvestmentOriginallyDesignatedAsHeldForSale
68000000 USD
CY2016 ally Proceeds From Sales And Repayments Of Mortgage Loans Held For Investment Originally Designated As Held For Sale
ProceedsFromSalesAndRepaymentsOfMortgageLoansHeldForInvestmentOriginallyDesignatedAsHeldForSale
40000000 USD
CY2014 ally Provision For Loan Losses Expensed Including Discontinued Operations
ProvisionForLoanLossesExpensedIncludingDiscontinuedOperations
457000000 USD
CY2015 ally Provision For Loan Losses Expensed Including Discontinued Operations
ProvisionForLoanLossesExpensedIncludingDiscontinuedOperations
707000000 USD
CY2016 ally Provision For Loan Losses Expensed Including Discontinued Operations
ProvisionForLoanLossesExpensedIncludingDiscontinuedOperations
917000000 USD
CY2014 ally Purchases Of Operating Lease Assets
PurchasesOfOperatingLeaseAssets
9884000000 USD
CY2015 ally Purchases Of Operating Lease Assets
PurchasesOfOperatingLeaseAssets
4685000000 USD
CY2016 ally Purchases Of Operating Lease Assets
PurchasesOfOperatingLeaseAssets
3274000000 USD
CY2016Q4 ally Reductionintotalsharesoutstanding
Reductionintotalsharesoutstanding
0.035
CY2014 ally Remarketing Fees
RemarketingFees
112000000 USD
CY2015 ally Remarketing Fees
RemarketingFees
101000000 USD
CY2016 ally Remarketing Fees
RemarketingFees
103000000 USD
CY2015Q4 ally Restricted Cash Collections For Securitization Trust
RestrictedCashCollectionsForSecuritizationTrust
2010000000 USD
CY2016Q4 ally Restricted Cash Collections For Securitization Trust
RestrictedCashCollectionsForSecuritizationTrust
1694000000 USD
CY2014 ally Returns Of Contributed Capital
ReturnsOfContributedCapital
0 USD
CY2015 ally Returns Of Contributed Capital
ReturnsOfContributedCapital
0 USD
CY2016 ally Returns Of Contributed Capital
ReturnsOfContributedCapital
0 USD
CY2015Q4 ally Securities Collateral Placedwith Counterparties
SecuritiesCollateralPlacedwithCounterparties
86000000 USD
CY2016Q4 ally Securities Collateral Placedwith Counterparties
SecuritiesCollateralPlacedwithCounterparties
72000000 USD
CY2016Q4 ally Shortduration Insurance Contracts Liabilityfor Unpaid Claimsand Allocated Claim Adjustment Expense Separately Presented
ShortdurationInsuranceContractsLiabilityforUnpaidClaimsandAllocatedClaimAdjustmentExpenseSeparatelyPresented
1749000000 USD
CY2015Q4 ally Standbylettersofcreditandotherguarantees
Standbylettersofcreditandotherguarantees
13000000 USD
CY2016Q4 ally Standbylettersofcreditandotherguarantees
Standbylettersofcreditandotherguarantees
8000000 USD
CY2016Q4 ally Stateand Local Tax Carryforwards Valuation Allowance
StateandLocalTaxCarryforwardsValuationAllowance
128000000 USD
CY2015 ally Stock Repurchaseand Redemption Premium
StockRepurchaseandRedemptionPremium
2364000000 USD
CY2015Q4 ally Time Deposits250000or More Domestic
TimeDeposits250000orMoreDomestic
3200000000 USD
CY2016Q4 ally Time Deposits250000or More Domestic
TimeDeposits250000orMoreDomestic
3500000000 USD
CY2014 ally Total Charge Recorded Related To Rescap Bankruptcy
TotalChargeRecordedRelatedToRescapBankruptcy
-150000000 USD
CY2015 ally Total Charge Recorded Related To Rescap Bankruptcy
TotalChargeRecordedRelatedToRescapBankruptcy
0 USD
CY2016 ally Total Charge Recorded Related To Rescap Bankruptcy
TotalChargeRecordedRelatedToRescapBankruptcy
0 USD
CY2015Q4 ally Total Finance Receivables And Loans From Bank Subsidiary
TotalFinanceReceivablesAndLoansFromBankSubsidiary
0 USD
CY2016Q4 ally Total Finance Receivables And Loans From Bank Subsidiary
TotalFinanceReceivablesAndLoansFromBankSubsidiary
0 USD
CY2015Q4 ally Total Finance Receivables And Loans From Nonbank Subsidiary
TotalFinanceReceivablesAndLoansFromNonbankSubsidiary
0 USD
CY2016Q4 ally Total Finance Receivables And Loans From Nonbank Subsidiary
TotalFinanceReceivablesAndLoansFromNonbankSubsidiary
0 USD
CY2014 ally Total Financing Revenue And Other Interest Income
TotalFinancingRevenueAndOtherInterestIncome
8391000000 USD
CY2015 ally Total Financing Revenue And Other Interest Income
TotalFinancingRevenueAndOtherInterestIncome
8397000000 USD
CY2016 ally Total Financing Revenue And Other Interest Income
TotalFinancingRevenueAndOtherInterestIncome
8305000000 USD
CY2014 ally Undistributed Income Of Bank Subsidiaries
UndistributedIncomeOfBankSubsidiaries
0 USD
CY2015 ally Undistributed Income Of Bank Subsidiaries
UndistributedIncomeOfBankSubsidiaries
0 USD
CY2016 ally Undistributed Income Of Bank Subsidiaries
UndistributedIncomeOfBankSubsidiaries
0 USD
CY2014 ally Undistributed Income Of Nonbank Subsidiaries
UndistributedIncomeOfNonbankSubsidiaries
0 USD
CY2015 ally Undistributed Income Of Nonbank Subsidiaries
UndistributedIncomeOfNonbankSubsidiaries
0 USD
CY2016 ally Undistributed Income Of Nonbank Subsidiaries
UndistributedIncomeOfNonbankSubsidiaries
0 USD
CY2015Q4 ally Unusedrevolvingcreditlinecommitmentsandother
Unusedrevolvingcreditlinecommitmentsandother
1445000000 USD
CY2016Q4 ally Unusedrevolvingcreditlinecommitmentsandother
Unusedrevolvingcreditlinecommitmentsandother
1995000000 USD
CY2014 ally Vehicle Remarketing And Repossession
VehicleRemarketingAndRepossession
83000000 USD
CY2015 ally Vehicle Remarketing And Repossession
VehicleRemarketingAndRepossession
78000000 USD
CY2016 ally Vehicle Remarketing And Repossession
VehicleRemarketingAndRepossession
95000000 USD
CY2015Q4 ally Warehouseandconstructionlendingcommitments
Warehouseandconstructionlendingcommitments
197000000 USD
CY2016Q4 ally Warehouseandconstructionlendingcommitments
Warehouseandconstructionlendingcommitments
164000000 USD
CY2016 dei Amendment Flag
AmendmentFlag
false
CY2016 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2016 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2016 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
CY2016 dei Document Period End Date
DocumentPeriodEndDate
2016-12-31
CY2016 dei Document Type
DocumentType
10-K
CY2016 dei Entity Central Index Key
EntityCentralIndexKey
0000040729
CY2017Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
465035069 shares
CY2016 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2016 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2016Q2 dei Entity Public Float
EntityPublicFloat
8257669855 USD
CY2016 dei Entity Registrant Name
EntityRegistrantName
Ally Financial Inc.
CY2016 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2016 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2015Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
59116000000 USD
CY2016Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
34166000000 USD
CY2015Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
158000000 USD
CY2016Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
100000000 USD
CY2015Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
1545000000 USD
CY2016Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
1737000000 USD
CY2015Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
391000000 USD
CY2016Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
649000000 USD
CY2015Q4 us-gaap Accrued Employee Benefits Current And Noncurrent
AccruedEmployeeBenefitsCurrentAndNoncurrent
242000000 USD
CY2016Q4 us-gaap Accrued Employee Benefits Current And Noncurrent
AccruedEmployeeBenefitsCurrentAndNoncurrent
232000000 USD
CY2015Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
456000000 USD
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
525000000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-269000000 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-21000000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-159000000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-273000000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
5000000 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
7000000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
8000000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
8000000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
77000000 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
88000000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
89000000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
90000000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
65000000 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
36000000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
9000000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
14000000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2014 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
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CY2015 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
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CY2016 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
66000000 USD
CY2015 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
283000000 USD
CY2016 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
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CY2015 us-gaap Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
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CY2016 us-gaap Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
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CY2015 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
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CY2016 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
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AllowanceForLoanAndLeaseLossesWriteoffsNet
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CY2016 us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
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CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2014Q4 us-gaap Assets
Assets
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CY2015Q4 us-gaap Assets
Assets
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CY2016Q4 us-gaap Assets
Assets
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CY2014 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
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CY2015 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
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CY2016 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
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CY2014 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
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CY2015 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
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CY2016 us-gaap Assumed Premiums Written
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CY2015Q4 us-gaap Available For Sale Securities
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CY2016Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
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CY2015Q4 us-gaap Available For Sale Securities Amortized Cost
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CY2016Q4 us-gaap Available For Sale Securities Amortized Cost
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CY2015 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses
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150000000 USD
CY2016 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
118000000 USD
CY2015 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
139000000 USD
CY2016 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses
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317000000 USD
CY2015Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
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CY2016Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
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12356000000 USD
CY2015Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
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2798000000 USD
CY2016Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
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2038000000 USD
CY2014 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
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181000000 USD
CY2015 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
155000000 USD
CY2016 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
185000000 USD
CY2014 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
209000000 USD
CY2015 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
184000000 USD
CY2016 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
187000000 USD
CY2014 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
14000000 USD
CY2015 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
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CY2016 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
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CY2015 us-gaap Available For Sale Securities Gross Unrealized Gains
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CY2016 us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
68000000 USD
CY2015 us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
289000000 USD
CY2016 us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
435000000 USD
CY2014 us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
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181000000 USD
CY2015 us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
155000000 USD
CY2016 us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
185000000 USD
CY2016Q2 us-gaap Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
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0 USD
CY2016Q4 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.0800
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6380000000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
804000000 USD
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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CY2015Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
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CY2016Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
1547000000 USD
CY2015Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
1000000000 USD
CY2016Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
300000000 USD
CY2014 us-gaap Ceded Premiums Earned
CededPremiumsEarned
117000000 USD
CY2015 us-gaap Ceded Premiums Earned
CededPremiumsEarned
125000000 USD
CY2016 us-gaap Ceded Premiums Earned
CededPremiumsEarned
141000000 USD
CY2014 us-gaap Ceded Premiums Written
CededPremiumsWritten
156000000 USD
CY2015 us-gaap Ceded Premiums Written
CededPremiumsWritten
184000000 USD
CY2016 us-gaap Ceded Premiums Written
CededPremiumsWritten
198000000 USD
CY2014 us-gaap Common Stock Dividends Per Share Declared
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0.00
CY2015 us-gaap Common Stock Dividends Per Share Declared
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CY2016Q4 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
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CY2016Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
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380000000 USD
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553000000 USD
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40000000 USD
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830000000 USD
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1742000000 USD
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CY2015 us-gaap Interest Expense Related Party
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0 USD
CY2016 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
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320000000 USD
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1530000000 USD
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248000000 USD
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128000000 USD
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17000000 USD
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11000000 USD
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1000000 USD
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6000000 USD
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23000000 USD
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42000000 USD
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20000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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22000000 USD
CY2016Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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310
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345000000 USD
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11500000000 USD
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12100000000 USD
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811000 shares
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1000000 USD
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1000000 USD
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1000000 USD
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0 USD
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9000000 USD
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7000000 USD
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12000000 USD
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1000000 USD
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3000000 USD
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1000000 USD
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182000000 USD
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177000000 USD
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9000000 USD
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3527000000 USD
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3574000000 USD
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481934 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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482873 shares
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482182115 shares
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481155 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
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482873 shares
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481104533 shares
CY2016 us-gaap Loss Contingency Disclosures
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:10px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Contingencies and Other Risks</font></div><div style="line-height:120%;padding-top:2px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Concentration with GM and Chrysler</font></div><div style="line-height:120%;padding-top:2px;text-align:left;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">While we are continuing to diversify our automotive finance and insurance businesses and to expand into other financial services, General Motors Company (GM) and Fiat Chrysler Automobiles US LLC (Chrysler) dealers and their retail customers continue to constitute a significant portion of our customer base. GM, Chrysler, and their captive finance companies compete forcefully with us and could take further actions that negatively impact the amount of business that we do with GM and Chrysler dealers and their customers. Further, a significant adverse change in GM&#8217;s or Chrysler&#8217;s business&#8212;including, for example, in the production or sale of GM or Chrysler vehicles, the quality or resale value of GM or Chrysler vehicles, GM&#8217;s or Chrysler&#8217;s relationships with its key suppliers, or the rate or volume of recalls of GM or Chrysler vehicles&#8212;could negatively impact our GM and Chrysler dealer and retail customer bases. Any future reductions in GM and Chrysler business that we are not able to offset could adversely affect our business and financial results.</font></div><div style="line-height:120%;padding-top:10px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Legal Matters</font></div><div style="line-height:120%;padding-top:2px;text-align:left;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Ally and its subsidiaries, including Ally Bank, </font><font style="font-family:inherit;font-size:9pt;">are or may be subject to potential liability in connection with pending or threatened legal proceedings and other matters. 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 lines of business and operations. Claims may be based in law or equity&#8212;such as those arising under contracts or in tort and those involving banking, consumer-protection, securities, tax, employment, and other laws&#8212;and some can present novel legal theories and allege substantial or indeterminate damages.</font></div><div style="line-height:120%;padding-top:10px;text-align:left;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">We accrue for a legal matter 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.</font></div><div style="line-height:120%;padding-top:10px;text-align:left;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">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. As a result, we cannot state with confidence how or when threatened or pending legal matters will be resolved and what losses may be incurred. Actual losses may be higher or lower than any amounts accrued for those matters, possibly to a significant degree.</font></div><div style="line-height:120%;padding-top:10px;text-align:left;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">On the basis of information currently available, advice of counsel, available insurance coverage, and established reserves, it is the opinion of management that, except as described in the next paragraph, the eventual outcome of our existing legal matters will not have a material adverse effect on our consolidated financial condition, results of operations, or cash flows. It is possible, however, that an unfavorable resolution of legal matters may be material to our consolidated financial condition, results of operations, or cash flows in a particular period.</font></div><div style="line-height:120%;padding-top:10px;text-align:left;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Descriptions of our material legal matters follow. In each case, the matter </font><font style="font-family:inherit;font-size:9pt;">could have material adverse consequences for us, including substantial damages or settlements, injunctions, governmental fines or penalties, and reputational or operational risks.</font><font style="font-family:inherit;font-size:9pt;"> We do not believe, however, that an estimate of reasonably possible losses or a range of reasonably possible losses in excess of established reserves&#8212;whether in excess of any related accrual or where no accrual exists&#8212;can be made for any of these matters.</font></div><div style="line-height:120%;padding-top:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Securities Litigation</font></div><div style="line-height:120%;padding-top:2px;text-align:left;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">In October 2016, a purported class action&#8212;Bucks County Employees Retirement Fund v. Ally Financial Inc. et al.&#8212;was filed in the Circuit Court for Wayne County in the State of Michigan. This matter was removed to the U.S. District Court for the Eastern District of Michigan on November 18, 2016, and is currently pending there as Case No. 2:16-CV-14104. The complaint alleges material misstatements and omissions in connection with Ally&#8217;s initial public offering in April 2014, including a failure to adequately disclose the severity of rising subprime automotive loan delinquency rates, deficient underwriting measures employed in the origination of subprime automotive loans, and aggressive tactics used with low-income borrowers. The request for relief includes an indeterminate amount of damages, fees, and costs and other remedies. In January 2017, another purported class action&#8212;National Shopmen Pension Fund v. Ally Financial Inc. et al.&#8212;was filed in the Circuit Court for Oakland County in the State of Michigan. This matter was removed to the U.S. District Court for the Eastern District of Michigan on January 30, 2017, and is currently pending there as Case No. 2:17-CV-10289. The allegations and requested relief in the complaint are substantially similar to those included in the complaint filed by Bucks County Employees Retirement Fund. We intend to vigorously defend against these actions.</font></div><div style="line-height:120%;padding-top:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Automotive Subprime Matters</font></div><div style="line-height:120%;padding-top:2px;text-align:left;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">In October 2014, we received a document request from the SEC in connection with its investigation related to subprime automotive finance and related securitization activities. Separately, in December 2014, we received a subpoena from the DOJ requesting similar information. In May 2015 and December 2016, we received information requests from the New York Department of Financial Services requesting similar information. We have cooperated with each of these agencies with respect to these matters.</font></div><div style="line-height:120%;padding-top:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Indirect Automotive Finance Matters</font></div><div style="line-height:120%;padding-top:2px;text-align:left;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">In December 2013, Ally Financial Inc. and Ally Bank entered into a Consent Order issued by the U.S. Consumer Financial Protection Bureau (CFPB) and a Consent Order jointly submitted with the DOJ and entered by the U.S. District Court for the Eastern District of Michigan (United States v. Ally Financial Inc. and Ally Bank, Civil Action No. 13-15180), in each case, pertaining to allegations of discrimination involving the automotive finance business. The Consent Orders require Ally to create a compliance plan addressing, at a minimum, the communication of Ally&#8217;s expectations of Equal Credit Opportunity Act (ECOA) compliance to our automotive dealer clients, maintenance of Ally&#8217;s existing limits on dealer finance income for contracts acquired by Ally, and monitoring for potential discrimination both at the dealer level and within our portfolio of contracts acquired across all of our automotive dealer clients. Ally formed a compliance committee consisting of certain Ally Financial Inc. and Ally Bank directors to oversee Ally&#8217;s execution of the Consent Orders&#8217; terms. Ally is required to meet certain stipulations under the Consent Orders, including a requirement to make monetary payments when ongoing remediation targets are not attained.</font></div><div style="line-height:120%;padding-top:10px;text-align:left;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Since 2013, Ally has recognized expenses of approximately </font><font style="font-family:inherit;font-size:9pt;">$240 million</font><font style="font-family:inherit;font-size:9pt;"> for judgments, fines, and monetary remuneration payments to customers related to the Consent Orders. The Consent Orders terminate, according to their terms, in 2017, and preclude the CFPB and the DOJ from pursuing any potential violations of the ECOA against Ally Financial Inc. or Ally Bank for conduct undertaken pursuant to the Consent Orders during the period of the Consent Orders. If the CFPB or the DOJ were to assert that Ally Financial Inc. or Ally Bank is violating the ECOA after the Consent Orders terminate, further legal proceedings could occur.</font></div><div style="line-height:120%;padding-top:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Mortgage Matters</font></div><div style="line-height:120%;padding-top:2px;text-align:left;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">We previously disclosed investigations by the DOJ relating to residential mortgage-backed securities issued by our former mortgage subsidiary, Residential Capital, LLC and its subsidiaries (ResCap RMBS). The DOJ was investigating potential fraud and other potential legal claims related to ResCap RMBS, including potential claims under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as well as potential claims under the False Claims Act related to representations made by us in connection with investments in Ally Financial Inc. made by the U.S. Department of the Treasury pursuant to the Troubled Asset Relief Program in 2008 and 2009 regarding certain claims against Residential Capital, LLC or its subsidiaries at that time.</font></div><div style="line-height:120%;padding-top:10px;text-align:left;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">On November 21, 2016, we comprehensively resolved these investigations and potential claims with the DOJ and entered into a settlement agreement. Under the agreement, we in 2016 (1) paid </font><font style="font-family:inherit;font-size:9pt;">$52 million</font><font style="font-family:inherit;font-size:9pt;"> to the DOJ, which is included in discontinued operations, (2) withdrew the broker-dealer registration for Ally Securities LLC (formerly known as Residential Funding Securities LLC) (Ally Securities), which is one of our wholly-owned subsidiaries, and (3) began to wind down the affairs of Ally Securities.</font></div><div style="line-height:120%;padding-top:10px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Other Contingencies</font></div><div style="line-height:120%;padding-top:2px;text-align:left;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Ally and its subsidiaries, including Ally Bank, </font><font style="font-family:inherit;font-size:9pt;">are or may be subject to potential liability under various other contingent exposures, including indemnification, tax, self-insurance, and other miscellaneous contingencies. We accrue for a 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. No assurance exists that our accruals will not need to be adjusted in the future, and actual losses may be higher or lower than any amounts accrued for those exposures, possibly to a significant degree. On the basis of information currently available, available insurance coverage, and established reserves, it is the opinion of management that the eventual outcome of our other contingent exposures will not have a material adverse effect on our consolidated financial condition, results of operations, or cash flows.</font></div></div>
CY2016 us-gaap Premiums Receivable Note
PremiumsReceivableNote
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:10px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Premiums Receivable and Other Insurance Assets</font></div><div style="line-height:120%;padding-top:2px;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Premiums receivable and other insurance assets consisted of the following.</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:76%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">December&#160;31, (</font><font style="font-family:inherit;font-size:9pt;font-style:italic;">$ in millions</font><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Prepaid reinsurance premiums</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">439</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">382</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Reinsurance recoverable on unpaid losses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">108</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">120</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Reinsurance recoverable on paid losses</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">20</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">18</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Premiums receivable</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">80</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">82</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Deferred policy acquisition costs</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">1,258</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,199</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total premiums receivable and other insurance assets</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">1,905</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,801</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div>
CY2016 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:2px;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Insurance premiums, net of premiums ceded to reinsurers, and service revenue are earned over the terms of the policies. The portion of premiums and service revenue written applicable to the unexpired terms of the policies is recorded as unearned insurance premiums or unearned service revenue. For extended service and maintenance contracts, premiums and service revenues are earned on a basis proportionate to the anticipated cost emergence. For other short duration contracts, premiums and unearned service revenue are earned on a pro rata basis. For further information, refer to </font><font style="font-family:inherit;font-size:9pt;">Note 4</font><font style="font-family:inherit;font-size:9pt;"> to the </font><font style="font-family:inherit;font-size:9pt;">Consolidated Financial Statements</font><font style="font-family:inherit;font-size:9pt;">.</font></div></div>
CY2016 us-gaap Revenue Recognition Leases Operating
RevenueRecognitionLeasesOperating
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:2px;text-align:left;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Investment in operating leases, net, represents the automobiles that are underlying the automotive lease contracts and is reported at cost, less accumulated depreciation and net of impairment charges and origination fees or costs. Depreciation of vehicles is recorded on a straight-line basis to an estimated residual value over the lease term. Manufacturer support payments that we receive upfront are treated as a reduction to the cost-basis in the underlying lease asset, which has the effect of reducing depreciation expense over the life of the contract. We periodically evaluate our depreciation rate for leased vehicles based on expected residual values and adjust depreciation expense over the remaining life of the lease if deemed appropriate. Income from operating lease assets that includes lease origination fees, net of lease origination costs, is recognized as operating lease revenue on a straight-line basis over the scheduled lease term.</font></div><div style="line-height:120%;padding-top:10px;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">We have significant investments in the residual values of the assets in our operating lease portfolio. The residual values represent an estimate of the values of the assets at the end of the lease contracts. At contract inception, we determine pricing based on the projected residual value of the lease vehicle. This evaluation is primarily based on a proprietary model, which includes variables such as age, expected mileage, seasonality, segment factors, vehicle type, economic indicators, production cycle, automotive manufacturer incentives, and shifts in used vehicle supply. This internally-generated data is compared against third-party, independent data for reasonableness. Realization of the residual values is dependent on our future ability to market the vehicles under the prevailing market conditions. Over the life of the lease, we evaluate the adequacy of our estimate of the residual value and may make adjustments to the depreciation rates to the extent the expected value of the vehicle at lease termination changes. In addition to estimating the residual value at lease termination, we also evaluate the current value of the operating lease asset and test for impairment to the extent necessary based on market considerations and portfolio characteristics. Impairment is determined to exist if fair value of the leased asset is less than carrying value and it is determined that the net carrying value is not recoverable. The net carrying value of a leased asset is not recoverable if it exceeds the sum of the undiscounted expected future cash flows expected to result from the lease payments and the estimated residual value upon eventual disposition. No impairment was recognized in</font><font style="font-family:inherit;font-size:9pt;"> </font><font style="font-family:inherit;font-size:9pt;">2016</font><font style="font-family:inherit;font-size:9pt;">, </font><font style="font-family:inherit;font-size:9pt;">2015</font><font style="font-family:inherit;font-size:9pt;">, or </font><font style="font-family:inherit;font-size:9pt;">2014</font><font style="font-family:inherit;font-size:9pt;">.</font><font style="font-family:inherit;font-size:9pt;"> If our operating lease assets are considered to be impaired, the impairment is measured as the amount by which the carrying amount of the assets exceeds the fair value as estimated by discounted cash flows. We accrue rental income on our operating leases when collection is reasonably assured. We generally discontinue the accrual of revenue on operating leases at the time an account is determined to be uncollectible, at the earliest of time of repossession, within 60 days of bankruptcy notification and greater than 60 days past due, or greater than 120 days past due.</font></div><div style="line-height:120%;padding-top:10px;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">When a lease vehicle is returned to us, the asset is reclassified from investment in operating leases, net, to other assets and recorded at the lower-of-cost or estimated fair value, less costs to sell, on our Consolidated Balance Sheet. Any losses recognized at this time are recorded as depreciation expense. Any gain or loss recognized at the time of sale of an off lease or repossessed lease vehicle is recognized as a remarketing gain or loss and presented as a component of depreciation expense.</font></div></div>
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:2px;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and that affect income and expenses during the reporting period and 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, valuations of automotive lease assets and residuals, fair value of financial instruments, legal and regulatory reserves, and the determination of the provision for income taxes.</font></div></div>
CY2016 us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:10px;text-align:left;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">The following table shows a rollforward of our reserves for insurance losses and loss adjustment expenses.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:89%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">($ in millions)</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total gross reserves for insurance losses and loss adjustment expenses at January 1, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">169</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Less: Reinsurance recoverable</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">120</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net reserves for insurance losses and loss adjustment expenses at January 1, 2016</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">49</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net insurance losses and loss adjustment expenses incurred related to:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-indent:12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Current year</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">345</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-indent:12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Prior years (a)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(3</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total net insurance losses and loss adjustment expenses incurred</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">342</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net insurance losses and loss adjustment expenses paid or payable related to:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-indent:12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Current year</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(320</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-indent:12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Prior years</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(30</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total net insurance losses and loss adjustment expenses paid or payable</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(350</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net reserves for insurance losses and loss adjustment expenses at December 31, 2016</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">41</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Plus: Reinsurance recoverable</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">108</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total gross reserves for insurance losses and loss adjustment expenses at December 31, 2016</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">149</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:inherit;font-size:8pt;">(a)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">There have been no material adverse changes to the reserve for prior years.</font></div></td></tr></table></div>

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