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Debt (Tables)
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Short-term borrowings
Our short-term borrowings outstanding, defined as borrowings with original contractual maturity dates of less than one year, as of December 31 were as follows:
20222021
(Millions, except percentages)Outstanding Balance
Year-End Stated
Interest Rate on
Debt (a)
Outstanding Balance
Year-End Stated
Interest Rate on
Debt (a)
Short-term borrowings (b)
$1,348 0.94 %$2,243 0.58 %
Total$1,348 0.94 %$2,243 0.58 %
(a)For floating-rate issuances, the stated interest rates are weighted based on the outstanding principal balances and interest rates in effect as of December 31, 2022 and 2021.
(b)Includes borrowings from banks and book overdrafts with banks due to timing differences arising in the ordinary course of business.
Long-term debt
Our long-term debt outstanding, defined as debt with original contractual maturity dates of one year or greater, as of December 31 was as follows:
20222021
(Millions, except percentages)Original
Contractual
Maturity
Dates
Outstanding
Balance(a)
Year-End
Interest Rate
on Debt(b)
Year-End
Interest Rate with
Swaps(b)(c)
Outstanding
Balance(a)
Year-End
Interest Rate
on Debt(b)
Year-End
Interest Rate
with
Swaps(b)(c)
American Express Company
(Parent Company only)
Fixed Rate Senior Notes2023 - 2042$23,813 3.34 %4.00 %$18,324 3.02 %2.03 %
Floating Rate Senior Notes2023 - 20263,000 4.78 — 3,300 0.69 — 
Fixed-to-Floating Rate Senior Notes20331,250 4.42 — — — — 
Fixed Rate Subordinated Notes2024574 3.63 5.46 599 3.63 1.38 
Fixed-to-Floating Rate Subordinated Notes2033750 4.99 — — — — 
American Express Credit Corporation
Fixed Rate Senior Notes2027328 3.30 — 2,078 2.80 1.32 
Floating Rate Senior Notes— — — 300 0.87 — 
Lending Trust
Fixed Rate Senior Notes2023 - 202510,499 2.81 — 8,199 2.01 1.82 
Floating Rate Senior Notes20232,125 4.67 — 3,325 0.49 — 
Fixed Rate Subordinated Notes— — — 212 2.72 — 
Floating Rate Subordinated Notes202361 4.89 — 79 0.68 — 
Charge Trust
Floating Rate Conduit Borrowings— — — 2,000 0.40 — 
Other
Finance Leases2023 - 20243 5.76 — 14 5.49 — 
Floating Rate Borrowings2023 - 2025254 0.41 — %297 0.42 — %
Unamortized Underwriting Fees(84)(52)
Total Long-Term Debt$42,573 3.42 %$38,675 2.22 %
(a)The outstanding balances include (i) unamortized discount, (ii) the impact of movements in exchange rates on foreign currency denominated debt and (iii) the impact of fair value hedge accounting on certain fixed-rate notes that have been swapped to floating rate through the use of interest rate swaps. Refer to Note 13 for more details on our treatment of fair value hedges.
(b)For floating-rate issuances, the stated interest rate on debt is weighted based on the outstanding principal balances and interest rates in effect as of December 31, 2022 and 2021.
(c)Interest rates with swaps are only presented when swaps are in place to hedge the underlying debt. The interest rates with swaps are weighted based on the outstanding principal balances and the interest rates on the floating leg of the swaps in effect as of December 31, 2022 and 2021.
Aggregate annual maturities on long-term debt obligations Aggregate annual maturities on long-term debt obligations (based on contractual maturity or anticipated redemption dates) as of December 31, 2022 were as follows:
(Millions)20232024202520262027ThereafterTotal
American Express Company (Parent Company only)$5,750 $7,500 $5,250 $2,450 $4,911 $4,273 $30,134 
American Express Credit Corporation— — — — 339 — 339 
Lending Trust2,685 2,750 7,250 — — — 12,685 
Other76 114 67 — — — 257 
$8,511 $10,364 $12,567 $2,450 $5,250 $4,273 $43,415 
Unamortized Underwriting Fees(84)
Unamortized Discount and Premium(522)
Impacts due to Fair Value Hedge Accounting(236)
Total Long-Term Debt$42,573