Ally Bank 2012 Annual Report Download - page 155
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153
16. Long-term Debt
The following tables present the composition of our long-term debt portfolio.
December 31, ($ in millions) Amount Interest
rate
Weighted
average
interest
rate (a) Due date
range
2012
Senior debt
Fixed rate (b) $ 28,336
Variable rate 2,345
Total senior debt (c) 30,681 0.38 - 10.29% 6.69% 2013 - 2049
Subordinated debt
Fixed rate 251
Variable rate (d) 13,451
Total subordinated debt (e) 13,702 0.65 - 8.00% 0.92% 2013 - 2018
VIE secured debt
Fixed rate 19,077
Variable rate 7,384
Total VIE secured debt 26,461 0.25 - 8.30% 1.36% 2013 - 2017
Trust preferred securities
Fixed rate 2,623 8.13% 8.13% 2040
Fair value adjustment (f) 1,094
Total long-term debt (g) $ 74,561
2011
Senior debt
Fixed rate (b) $ 39,657
Variable rate 3,393
Total senior debt (c) 43,050 0.00 - 16.68% 6.15 % 2012 - 2049
Subordinated debt
Fixed rate 4,675
Variable rate (d) 8,246
Total subordinated debt (e) 12,921 0.76 - 17.05% 4.62% 2012 - 2031
VIE secured debt
Fixed rate 16,538
Variable rate 16,605
Total VIE secured debt 33,143 0.32 - 8.30% 1.96 % 2012 - 2040
Trust preferred securities
Fixed rate 2,622 8.13 % 8.13% 2040
Fair value adjustment (f) 1,149
Total long-term debt (g) $ 92,885
(a) Based on the debt outstanding and the interest rate at December 31 of each year.
(b) Includes $0.0 billion at December 31, 2012 and $7.4 billion at December 31, 2011, guaranteed by the Federal Deposit Insurance Corporation (FDIC)
under the Temporary Liquidity Guarantee Program.
(c) Includes secured long-term debt of $0.0 billion at December 31, 2012 and $4.0 billion at December 31, 2011.
(d) Includes $13.5 billion and $8.2 billion of debt outstanding from the Automotive secured revolving credit facilities at December 31, 2012 and 2011,
respectively.
(e) Includes secured long-term debt of $13.5 billion and $12.7 billion at December 31, 2012 and 2011, respectively.
(f) Amount represents the hedge accounting adjustment of fixed-rate debt.
(g) Includes fair value option-elected secured long-term debt of $0 million and $830 million at December 31, 2012 and 2011, respectively. Refer to Note 25
for additional information.
Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10-K