Ally Bank 2011 Annual Report Download - page 144

Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10−K
Select Financial Information
Select financial information of discontinued operations is summarized below. The pretax income or loss, including direct costs to transact, includes
any impairment recognized to present the operations at the lower−of−cost or fair value. Fair value was based on the estimated sales price, which could differ
from the ultimate sales price due to the fluidity of ongoing negotiations, price volatility, changing interest rates, changing foreign−currency rates, and future
economic conditions.
Year ended December 31, ($ in millions) 2011 2010 2009
Select Mortgage — Legacy and Other operations
Total net (loss) revenue $ (4) $ 95 $ (615)
Pretax (loss) income including direct costs to transact a sale (27) 58 (2,235)
Tax benefit (7) (1) (2)
Select Global Automotive Services — Insurance operations
Total net revenue $ 241 $ 536 $ 1,575
Pretax income (loss) including direct costs to transact a sale (a) 25 (17) (802)
Tax expense (benefit) 4 1 (101)
Select Global Automotive Services — International operations
Total net revenue $ 73 $ 221 $ 494
Pretax (loss) income including direct costs to transact a sale (a) (45) 32 (380)
Tax expense (benefit) 1 (9) (22)
Select Corporate and Other — Commercial Finance operations
Total net revenue $ — $ 11 $ 39
Pretax income (loss) including direct costs to transact a sale (a) — 7 (32)
Tax benefit — — (9)
(a) Includes certain income tax activity recognized by Corporate and Other.
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