Parent Company

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Parent Company

PARENT COMPANY

PARENT COMPANY – CONDENSED STATEMENTS OF INCOME

Years Ended December 31 (Millions)	2019		2018		2017
Revenues
Non-interest revenues
Other	$	598	$	426	$	358
Total non-interest revenues	598		426		358
Interest income	692		422		258
Interest expense	902		615		493
Total revenues net of interest expense	388		233		123
Expenses
Salaries and employee benefits	366		336		362
Other	816		607		553
Total expenses	1,182		943		915
Pretax loss	(794)		(710)		(792)
Income tax benefit	(282)		(179)		(354)
Net loss before equity in net income of subsidiaries and affiliates	(512)		(531)		(438)
Equity in net income of subsidiaries and affiliates	7,271		7,452		3,186
Net income	$	6,759	$	6,921	$	2,748

PARENT COMPANY – CONDENSED BALANCE SHEETS

As of December 31 (Millions)	2019		2018
Assets
Cash and cash equivalents	$	4,430	$	3,287
Equity in net assets of subsidiaries and affiliates	23,165		22,298
Loans to subsidiaries and affiliates	22,350		17,945
Due from subsidiaries and affiliates	1,168		1,783
Other assets	223		297
Total assets	51,336		45,610
Liabilities and Shareholders’ Equity
Liabilities
Accounts payable and other liabilities	2,197		1,961
Due to subsidiaries and affiliates	609		577
Debt with subsidiaries and affiliates	1,091		2,591
Long-term debt	24,368		18,191
Total liabilities	28,265		23,320
Shareholders’ Equity
Total shareholders’ equity	23,071		22,290
Total liabilities and shareholders’ equity	$	51,336	$	45,610

PARENT COMPANY – CONDENSED STATEMENTS OF CASH FLOWS

Years Ended December 31 (Millions)	2019		2018		2017
Cash Flows from Operating Activities
Net income	$	6,759	$	6,921	$	2,748
Adjustments to reconcile net income to cash provided by operating activities:
Equity in net income of subsidiaries and affiliates	(7,271)		(7,452)		(3,186)
Dividends received from subsidiaries and affiliates	6,370		3,222		5,755
Other operating activities, primarily with subsidiaries and affiliates	1,315		(257)		659
Net cash provided by operating activities	7,173		2,434		5,976
Cash Flows from Investing Activities
Maturities and redemptions of investment securities	1		—		—
Loans to subsidiaries and affiliates	(4,405)		(6,281)		(4,044)
Investments in subsidiaries and affiliates	(15)		(30)		—
Other investing activities	82		—		—
Net cash used in investing activities	(4,337)		(6,311)		(4,044)
Cash Flows from Financing Activities
Proceeds from long-term debt	6,469		9,350		5,900
Payments of long-term debt	(641)		(3,850)		(1,500)
Short-term debt of subsidiaries and affiliates	(1,500)		(140)		(1,313)
Issuance of American Express common shares	86		87		129
Repurchase of American Express common shares and other	(4,685)		(1,685)		(4,400)
Dividends paid	(1,422)		(1,324)		(1,251)
Net cash (used in) provided by financing activities	(1,693)		2,438		(2,435)
Net increase (decrease) in cash and cash equivalents	1,143		(1,439)		(503)
Cash and cash equivalents at beginning of year	3,287		4,726		5,229
Cash and cash equivalents at end of year	$	4,430	$	3,287	$	4,726