Ally Bank 2012 Annual Report Download - page 153
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151
13. Other Assets
The components of other assets were as follows.
December 31, ($ in millions) 2012 2011
Property and equipment at cost $ 693 $ 1,152
Accumulated depreciation (411) (787)
Net property and equipment 282 365
Restricted cash collections for securitization trusts (a) 2,983 1,596
Fair value of derivative contracts in receivable position 2,298 5,687
Collateral placed with counterparties 1,290 1,448
Deferred tax asset (b) 1,190 238
Restricted cash and cash equivalents 889 1,381
Other accounts receivable 525 1,110
Cash reserve deposits held-for-securitization trusts (c) 442 838
Unamortized debt issuance costs 425 612
Nonmarketable equity securities 303 419
Interests retained in financial asset sales 154 231
Accrued interest and rent receivable 147 232
Real estate and other investments 98 385
Servicer advances 92 2,142
Prepaid expenses and deposits 60 568
Goodwill 27 518
Other assets 703 971
Total other assets $ 11,908 $ 18,741
(a) Represents cash collection from customer payments on securitized receivables. These funds are distributed to investors as payments on the related secured
debt.
(b) The increase in the deferred tax asset represents the release of a material portion of our U.S. valuation allowance. Refer to Note 23 for more information.
(c) Represents credit enhancement in the form of cash reserves for various securitization transactions.
The changes in the carrying amounts of goodwill for the periods shown were as follows.
($ in millions)
Automotive
Finance
operations Insurance
operations Total
Goodwill at January 1, 2010 $ 469 $ 57 $ 526
Transfer of assets of discontinued operations held-for-sale (1) (1) (2)
Foreign-currency translation — 1 1
Goodwill at December 31, 2010 $ 468 $ 57 $ 525
Transfer of assets of discontinued operations held-for-sale —(4) (4)
Foreign-currency translation —(3) (3)
Goodwill at December 31, 2011 $ 468 $ 50 $ 518
Transfer of assets of discontinued operations held-for-sale (468) (23) (491)
Goodwill at December 31, 2012 $ — $ 27 $ 27
Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10-K