Parent Company (Tables)

12 Months Ended

Dec. 31, 2022

Condensed Financial Information Disclosure [Abstract]

Condensed Statements of Income

PARENT COMPANY – CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

Years Ended December 31 (Millions)	2022		2021		2020
Revenues
Non-interest revenues
Other	$	388	$	343	$	480
Total non-interest revenues	388		343		480
Interest income	614		96		228
Interest expense	857		482		630
Total revenues net of interest expense	145		(43)		78
Expenses
Salaries and employee benefits	408		359		333
Other	372		346		562
Total expenses	780		705		895
Pretax loss	(635)		(748)		(817)
Income tax benefit	(244)		(248)		(236)
Net loss before equity in net income of subsidiaries and affiliates	(391)		(500)		(581)
Equity in net income of subsidiaries and affiliates	7,905		8,560		3,716
Net income	$	7,514	$	8,060	$	3,135
Net unrealized pension and other postretirement benefits, net of tax	10		151		(91)
Other comprehensive (loss) income, net	(275)		(201)		(67)
Comprehensive income	$	7,249	$	8,010	$	2,977

Condensed Balance Sheets

PARENT COMPANY – CONDENSED BALANCE SHEETS

As of December 31 (Millions)	2022		2021
Assets
Cash and cash equivalents	$	8,188	$	5,341
Equity in net assets of subsidiaries and affiliates	24,702		22,623
Loans to subsidiaries and affiliates	22,658		17,848
Due from subsidiaries and affiliates	1,342		1,207
Other assets	156		158
Total assets	57,046		47,177
Liabilities and Shareholders’ Equity
Liabilities
Accounts payable and other liabilities	2,271		2,107
Due to subsidiaries and affiliates	632		443
Debt with subsidiaries and affiliates	—		136
Long-term debt	29,432		22,314
Total liabilities	32,335		25,000
Shareholders’ Equity
Total shareholders’ equity	24,711		22,177
Total liabilities and shareholders’ equity	$	57,046	$	47,177

Condensed Cash Flows

PARENT COMPANY – CONDENSED STATEMENTS OF CASH FLOWS

Years Ended December 31 (Millions)	2022		2021		2020
Cash Flows from Operating Activities
Net income	$	7,514	$	8,060	$	3,135
Adjustments to reconcile net income to cash provided by operating activities:
Equity in net income of subsidiaries and affiliates	(7,905)		(8,560)		(3,716)
Dividends received from subsidiaries and affiliates	5,549		9,102		2,679
Other operating activities, primarily with subsidiaries and affiliates	160		(305)		732
Net cash provided by operating activities	5,318		8,297		2,830
Cash Flows from Investing Activities
(Increase) decrease in loans to subsidiaries and affiliates	(4,850)		(176)		11,434
Investments in subsidiaries and affiliates	(1)		(60)		(52)
Other investing activities	—		—		74
Net cash (used in) provided by investing activities	(4,851)		(236)		11,456
Cash Flows from Financing Activities
Net decrease in short-term debt from subsidiaries and affiliates	(136)		(2,636)		(3,289)
Proceeds from long-term debt	13,202		3,000		—
Payments of long-term debt	(5,675)		(5,000)		(2,000)
Issuance of American Express preferred shares	—		1,584		—
Redemption of American Express preferred shares	—		(1,600)		—
Issuance of American Express common shares	56		64		44
Repurchase of American Express common shares and other	(3,502)		(7,652)		(1,029)
Dividends paid	(1,565)		(1,448)		(1,474)
Net cash provided by (used in) financing activities	2,380		(13,688)		(7,748)
Net increase (decrease) in cash and cash equivalents	2,847		(5,627)		6,538
Cash and cash equivalents at beginning of year	5,341		10,968		4,430
Cash and cash equivalents at end of year	$	8,188	$	5,341	$	10,968

Supplemental cash flow information
Years Ended December 31 (Millions)	2022		2021		2020
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	$	—