Ally Bank 2011 Annual Report Download - page 145

Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10−K
Held−for−sale Operations
The assets and liabilities of operations held−for−sale are summarized below.
December 31, 2011 ($ in millions)
Select
Mortgage –
Legacy and
Other
operations (a)
Select
Global
Automotive
Services
–Insurance
operations (b)
Select
Global
Automotive
Services –
International
operations (c)
Total
held−for−sale
operations
Assets
Cash and cash equivalents
Noninterest−bearing $ — $ 4 $ 55 $ 59
Interest−bearing — 54 38 92
Total cash and cash equivalents — 58 93 151
Investment securities — 186 — 186
Loans held−for−sale, net 260 — — 260
Finance receivables and loans, net
Finance receivables and loans, net 285 — 11 296
Allowance for loan losses — — (1) (1)
Total finance receivables and loans, net 285 — 10 295
Investment in operating leases, net — — 91 91
Premiums receivable and other insurance assets — 77 — 77
Other assets 140 14 30 184
Impairment on assets of held−for−sale operations — — (174) (174)
Total assets $ 685 $ 335 $ 50 $ 1,070
Liabilities
Unearned insurance premiums and service revenue $ — $ 130 $ — $ 130
Reserves for insurance losses and loss adjustment expenses — 17 — 17
Accrued expenses and other liabilities 80 82 28 190
Total liabilities $ 80 $ 229 $ 28 $ 337
(a) Includes the Canadian mortgage operations of ResMor Trust.
(b) Includes our U.K.−based operations that provide vehicle service contracts and insurance products.
(c) Includes the operations of Venezuela and our full−service leasing operations in Austria, Germany, Greece, Portugal, and Spain.
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