Parent Company (Tables)

12 Months Ended

Dec. 31, 2021

Condensed Financial Information Disclosure [Abstract]

Condensed Statements of Income

PARENT COMPANY – CONDENSED STATEMENTS OF INCOME

Years Ended December 31 (Millions)	2021		2020		2019
Revenues
Non-interest revenues
Other	$	343	$	480	$	598
Total non-interest revenues	343		480		598
Interest income	96		228		692
Interest expense	482		630		902
Total revenues net of interest expense	(43)		78		388
Expenses
Salaries and employee benefits	359		333		366
Other	346		562		816
Total expenses	705		895		1,182
Pretax loss	(748)		(817)		(794)
Income tax benefit	(248)		(236)		(282)
Net loss before equity in net income of subsidiaries and affiliates	(500)		(581)		(512)
Equity in net income of subsidiaries and affiliates	8,560		3,716		7,271
Net income	$	8,060	$	3,135	$	6,759

Condensed Balance Sheets

PARENT COMPANY – CONDENSED BALANCE SHEETS

As of December 31 (Millions)	2021		2020
Assets
Cash and cash equivalents	$	5,341	$	10,968
Equity in net assets of subsidiaries and affiliates	22,623		23,306
Loans to subsidiaries and affiliates	17,848		15,887
Due from subsidiaries and affiliates	1,207		1,084
Other assets	158		164
Total assets	47,177		51,409
Liabilities and Shareholders’ Equity
Liabilities
Accounts payable and other liabilities	2,107		1,743
Due to subsidiaries and affiliates	443		1,100
Debt with subsidiaries and affiliates	136		2,772
Long-term debt	22,314		22,810
Total liabilities	25,000		28,425
Shareholders’ Equity
Total shareholders’ equity	22,177		22,984
Total liabilities and shareholders’ equity	$	47,177	$	51,409

Condensed Cash Flows

PARENT COMPANY – CONDENSED STATEMENTS OF CASH FLOWS

Years Ended December 31 (Millions)	2021		2020		2019
Cash Flows from Operating Activities
Net income	$	8,060	$	3,135	$	6,759
Adjustments to reconcile net income to cash provided by operating activities:
Equity in net income of subsidiaries and affiliates	(8,560)		(3,716)		(7,271)
Dividends received from subsidiaries and affiliates	9,102		2,679		6,370
Other operating activities, primarily with subsidiaries and affiliates	(305)		732		1,315
Net cash provided by operating activities	8,297		2,830		7,173
Cash Flows from Investing Activities
Maturities and redemptions of investment securities	—		—		1
(Increase) decrease in loans to subsidiaries and affiliates	(176)		11,434		(4,405)
Investments in subsidiaries and affiliates	(60)		(52)		(15)
Other investing activities	—		74		82
Net cash (used in) provided by investing activities	(236)		11,456		(4,337)
Cash Flows from Financing Activities
Net decrease in short-term debt from subsidiaries and affiliates	(2,636)		(3,289)		(1,500)
Proceeds from long-term debt	3,000		—		6,469
Payments of long-term debt	(5,000)		(2,000)		(641)
Issuance of American Express preferred shares	1,584		—		—
Redemption of American Express preferred shares	(1,600)		—		—
Issuance of American Express common shares	64		44		86
Repurchase of American Express common shares and other	(7,652)		(1,029)		(4,685)
Dividends paid	(1,448)		(1,474)		(1,422)
Net cash used in financing activities	(13,688)		(7,748)		(1,693)
Net (decrease) increase in cash and cash equivalents	(5,627)		6,538		1,143
Cash and cash equivalents at beginning of year	10,968		4,430		3,287
Cash and cash equivalents at end of year	$	5,341	$	10,968	$	4,430

Supplemental cash flow information
Years Ended December 31 (Millions)	2021		2020		2019
Non-Cash Investing Activities
Loans to subsidiaries and affiliates	$	(1,787)	$	(4,971)	$	—
Non-Cash Financing Activities
Short-term debts from subsidiaries and affiliates	—		4,971		—
Proceeds from long-term debt	$	1,787	$	—	$	—