Parent Company (Tables)

12 Months Ended

Dec. 31, 2018

Table Text Block [Abstract]

Condensed Statements of Income

PARENT COMPANY – CONDENSED STATEMENTS OF INCOME

Years Ended December 31 (Millions)			2018		2017		2016
Revenues
	Non-interest revenues
		Other	$	426	$	358	$	391
Total non-interest revenues				426		358		391
Interest income				422		258		196
Interest expense				615		493		515
Total revenues net of interest expense				233		123		72
Expenses
	Salaries and employee benefits			336		362		388
	Other			607		553		510
Total expenses				943		915		898
Pretax loss				(710)		(792)		(826)
Income tax benefit				(179)		(354)		(327)
Net loss before equity in net income of subsidiaries and affiliates				(531)		(438)		(499)
Equity in net income of subsidiaries and affiliates				7,452		3,186		5,874
Net income			$	6,921	$	2,748	$	5,375

Condensed Balance Sheets

PARENT COMPANY – CONDENSED BALANCE SHEETS

As of December 31 (Millions)		2018		2017
Assets
Cash and cash equivalents		$	3,287	$	4,726
Equity in net assets of subsidiaries and affiliates			22,298		18,225
Loans to subsidiaries and affiliates			17,945		11,664
Due from subsidiaries and affiliates			1,783		1,962
Other assets			297		361
Total assets			45,610		36,938
Liabilities and Shareholders’ Equity
Liabilities
Accounts payable and other liabilities			1,961		3,076
Due to subsidiaries and affiliates			577		175
Short-term debt of subsidiaries and affiliates			2,591		2,731
Long-term debt			18,191		12,695
	Total liabilities		23,320		18,677
Shareholders’ Equity
	Total shareholders’ equity		22,290		18,261
Total liabilities and shareholders’ equity		$	45,610	$	36,938

Condensed Cash Flows

PARENT COMPANY – CONDENSED STATEMENTS OF CASH FLOWS

Years Ended December 31 (Millions)			2018		2017		2016
Cash Flows from Operating Activities
Net income		$	6,921	$	2,748	$	5,375
Adjustments to reconcile net income to cash provided by operating activities:
	Equity in net income of subsidiaries and affiliates		(7,452)		(3,186)		(5,870)
	Dividends received from subsidiaries and affiliates		3,222		5,755		4,999
	Other operating activities, primarily with subsidiaries and affiliates		(257)		659		(102)
Net cash provided by operating activities			2,434		5,976		4,402
Cash Flows from Investing Activities
Purchase of premises and equipment			―		―		(1)
Loans to subsidiaries and affiliates			(6,281)		(4,044)		4,142
Investments in subsidiaries and affiliates			(30)		―		(25)
Net cash (used in) provided by investing activities			(6,311)		(4,044)		4,116
Cash Flows from Financing Activities
Proceeds from long-term debt			9,350		5,900		―
Payments on long-term debt			(3,850)		(1,500)		(1,350)
Short-term debt of subsidiaries and affiliates			(140)		(1,313)		(2,879)
Issuance of American Express common shares and other			87		129		176
Repurchase of American Express common shares			(1,685)		(4,400)		(4,430)
Dividends paid			(1,324)		(1,251)		(1,206)
Net cash provided by (used in) financing activities			2,438		(2,435)		(9,689)
Net decrease in cash and cash equivalents			(1,439)		(503)		(1,171)
Cash and cash equivalents at beginning of year			4,726		5,229		6,400
Cash and cash equivalents at end of year		$	3,287	$	4,726	$	5,229