Ally Bank 2012 Annual Report Download - page 171
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169
Comprehensive Income Presentation
The following table summarizes the location and amounts of gains and losses on derivative instruments reported in our Consolidated
Statement of Comprehensive Income.
Year ended December 31, ($ in millions)2012 2011 2010
Derivatives qualifying for hedge accounting
Gain recognized in earnings on derivatives (a)
Interest rate contracts
Interest on long-term debt $ 164 $ 892 $ 161
Foreign exchange contracts
Other income, net of losses —35 —
Loss recognized in earnings on hedged items (b)
Interest rate contracts
Interest on long-term debt (193) (848) (119)
Foreign exchange contracts
Other income, net of losses —(35) —
Total derivatives qualifying for hedge accounting (29) 44 42
Economic and trading derivatives
(Loss) gain recognized in earnings on derivatives
Interest rate contracts
Interest on long-term debt (3) (3) —
Servicing asset valuation and hedge activities, net 669 817 478
Loss on mortgage and automotive loans, net (125) (727) (332)
Other income, net of losses (18) (70) (102)
Other operating expenses —— (9)
Total interest rate contracts 523 17 35
Foreign exchange contracts (c)
Interest on long-term debt (39) 61 (127)
Other income, net of losses (48) 17 158
Other operating expenses 2(21) —
Total foreign exchange contracts (85) 57 31
Gain recognized in earnings on derivatives $ 409 $ 118 $ 108
(a) Amounts exclude gains related to interest for qualifying accounting hedges of debt, which are primarily offset by the fixed coupon payment on the long-
term debt. The gains were $123 million, $257 million, and $322 million for the years ended December 31, 2012, 2011, and 2010, respectively.
(b) Amounts exclude gains related to amortization of deferred basis adjustments on the hedged items. The gains were $231 million, $229 million, and $164
million for the years ended December 31, 2012, 2011, and 2010, respectively.
(c) Amounts exclude gains and losses related to the revaluation of the related foreign-denominated debt or receivable. Gains of $75 million, and losses of $77
million and $53 million, were recognized for the years ended December 31, 2012, 2011, and 2010, respectively.
Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10-K