<?xml version="1.0" encoding="utf-8"?>
<InstanceReport xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xsd="http://www.w3.org/2001/XMLSchema">
  <Version>2.2.0.7</Version>
  <hasSegments>false</hasSegments>
  <ReportName>Guarantees</ReportName>
  <ReportLongName>0210 - Disclosure - Guarantees</ReportLongName>
  <DisplayLabelColumn>true</DisplayLabelColumn>
  <ShowElementNames>false</ShowElementNames>
  <RoundingOption />
  <HasEmbeddedReports>false</HasEmbeddedReports>
  <Columns>
    <Column>
      <LabelColumn>false</LabelColumn>
      <Id>1</Id>
      <Labels>
        <Label Id="1" Label="6 Months Ended" />
        <Label Id="2" Label="Jun. 30, 2010" />
      </Labels>
      <CurrencyCode>USD</CurrencyCode>
      <FootnoteIndexer />
      <hasSegments>false</hasSegments>
      <hasScenarios>false</hasScenarios>
      <Segments />
      <Scenarios />
      <Units>
        <Unit>
          <UnitID>USD</UnitID>
          <UnitType>Standard</UnitType>
          <StandardMeasure>
            <MeasureSchema>http://www.xbrl.org/2003/iso4217</MeasureSchema>
            <MeasureValue>USD</MeasureValue>
            <MeasureNamespace>iso4217</MeasureNamespace>
          </StandardMeasure>
          <Scale>0</Scale>
        </Unit>
        <Unit>
          <UnitID>USDEPS</UnitID>
          <UnitType>Divide</UnitType>
          <NumeratorMeasure>
            <MeasureSchema>http://www.xbrl.org/2003/iso4217</MeasureSchema>
            <MeasureValue>USD</MeasureValue>
            <MeasureNamespace>iso4217</MeasureNamespace>
          </NumeratorMeasure>
          <DenominatorMeasure>
            <MeasureSchema>http://www.xbrl.org/2003/instance</MeasureSchema>
            <MeasureValue>shares</MeasureValue>
            <MeasureNamespace>xbrli</MeasureNamespace>
          </DenominatorMeasure>
          <Scale>0</Scale>
        </Unit>
        <Unit>
          <UnitID>Pure</UnitID>
          <UnitType>Standard</UnitType>
          <StandardMeasure>
            <MeasureSchema>http://www.xbrl.org/2003/instance</MeasureSchema>
            <MeasureValue>pure</MeasureValue>
            <MeasureNamespace>xbrli</MeasureNamespace>
          </StandardMeasure>
          <Scale>0</Scale>
        </Unit>
        <Unit>
          <UnitID>Shares</UnitID>
          <UnitType>Standard</UnitType>
          <StandardMeasure>
            <MeasureSchema>http://www.xbrl.org/2003/instance</MeasureSchema>
            <MeasureValue>shares</MeasureValue>
            <MeasureNamespace>xbrli</MeasureNamespace>
          </StandardMeasure>
          <Scale>0</Scale>
        </Unit>
      </Units>
      <CurrencySymbol>$</CurrencySymbol>
    </Column>
  </Columns>
  <Rows>
    <Row>
      <Id>2</Id>
      <Label>Guarantees [Abstract]</Label>
      <Level>0</Level>
      <ElementName>axp_ScheduleOfGuaranteeObligationsAbstract</ElementName>
      <ElementPrefix>axp</ElementPrefix>
      <IsBaseElement>false</IsBaseElement>
      <BalanceType>na</BalanceType>
      <PeriodType>duration</PeriodType>
      <ShortDefinition>Schedule Of Guarantee Obligations.</ShortDefinition>
      <IsReportTitle>false</IsReportTitle>
      <IsSegmentTitle>false</IsSegmentTitle>
      <IsSubReportEnd>false</IsSubReportEnd>
      <IsCalendarTitle>false</IsCalendarTitle>
      <IsTuple>false</IsTuple>
      <IsAbstractGroupTitle>true</IsAbstractGroupTitle>
      <IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow>
      <IsEquityAdjustmentRow>false</IsEquityAdjustmentRow>
      <IsBeginningBalance>false</IsBeginningBalance>
      <IsEndingBalance>false</IsEndingBalance>
      <IsReverseSign>false</IsReverseSign>
      <PreferredLabelRole />
      <IsEPS>false</IsEPS>
      <FootnoteIndexer />
      <Cells>
        <Cell>
          <Id>1</Id>
          <ShowCurrencySymbol>false</ShowCurrencySymbol>
          <IsNumeric>false</IsNumeric>
          <IsRatio>false</IsRatio>
          <DisplayZeroAsNone>false</DisplayZeroAsNone>
          <NumericAmount>0</NumericAmount>
          <RoundedNumericAmount>0</RoundedNumericAmount>
          <NonNumbericText />
          <NonNumericTextHeader />
          <FootnoteIndexer />
          <hasSegments>false</hasSegments>
          <hasScenarios>false</hasScenarios>
          <DisplayDateInUSFormat>false</DisplayDateInUSFormat>
        </Cell>
      </Cells>
      <OriginalInstanceReportColumns />
      <ElementDataType>xbrli:stringItemType</ElementDataType>
      <SimpleDataType>string</SimpleDataType>
      <ElementDefenition>Schedule Of Guarantee Obligations.</ElementDefenition>
      <IsTotalLabel>false</IsTotalLabel>
    </Row>
    <Row>
      <Id>3</Id>
      <Label>Guarantees</Label>
      <Level>1</Level>
      <ElementName>us-gaap_ScheduleOfGuaranteeObligationsTextBlock</ElementName>
      <ElementPrefix>us-gaap</ElementPrefix>
      <IsBaseElement>true</IsBaseElement>
      <BalanceType>na</BalanceType>
      <PeriodType>duration</PeriodType>
      <ShortDefinition>No definition available.</ShortDefinition>
      <IsReportTitle>false</IsReportTitle>
      <IsSegmentTitle>false</IsSegmentTitle>
      <IsSubReportEnd>false</IsSubReportEnd>
      <IsCalendarTitle>false</IsCalendarTitle>
      <IsTuple>false</IsTuple>
      <IsAbstractGroupTitle>false</IsAbstractGroupTitle>
      <IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow>
      <IsEquityAdjustmentRow>false</IsEquityAdjustmentRow>
      <IsBeginningBalance>false</IsBeginningBalance>
      <IsEndingBalance>false</IsEndingBalance>
      <IsReverseSign>false</IsReverseSign>
      <PreferredLabelRole>verboselabel</PreferredLabelRole>
      <IsEPS>false</IsEPS>
      <FootnoteIndexer />
      <Cells>
        <Cell>
          <Id>1</Id>
          <ShowCurrencySymbol>false</ShowCurrencySymbol>
          <IsNumeric>false</IsNumeric>
          <IsRatio>false</IsRatio>
          <DisplayZeroAsNone>false</DisplayZeroAsNone>
          <NumericAmount>0</NumericAmount>
          <RoundedNumericAmount>0</RoundedNumericAmount>
          <NonNumbericText>
    &lt;!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --&gt;
    &lt;!-- Begin Block Tagged Note 10 - us-gaap:ScheduleOfGuaranteeObligationsTextBlock--&gt;
    &lt;div style="font-family: 'Times New Roman',Times,serif; margin-left: 0in; "&gt;
    &lt;div style="font-family: 'Times New Roman',Times,serif; margin-left: 0in; "&gt;
    &lt;div style="margin-top: 10pt"&gt;
    &lt;table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"&gt;
    &lt;tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"&gt;
    &lt;td width="3%" nowrap="nowrap" align="left"&gt;&lt;b&gt;10.&lt;/b&gt;&lt;/td&gt;
    &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;
    &lt;div style="text-align: justify"&gt;&lt;b&gt;Guarantees&lt;/b&gt;
    &lt;/div&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;/table&gt;
    &lt;/div&gt;
    &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;The Company provides cardmember protection plans that cover losses associated with purchased
    products, as well as certain other guarantees in the ordinary course of business which are within
    the scope of GAAP governing the accounting for guarantees.
    &lt;/div&gt;
    &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;In relation to its maximum amount of undiscounted future payments as seen in the table that
    follows, to date the Company has not experienced any significant losses related to guarantees. The
    Company&amp;#8217;s initial recognition of guarantees is at fair value, which has been determined in
    accordance with GAAP governing fair value measurement. In addition, the Company recognizes a
    liability when a loss from an unfavorable outcome is probable and the amount of the loss can be
    reasonably estimated.
    &lt;/div&gt;
    &lt;div style="font-family: 'Times New Roman',Times,serif"&gt;
    &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;The following table provides information related to such guarantees as of June&amp;#160;30, 2010 and
    December&amp;#160;31, 2009:
    &lt;/div&gt;
    &lt;div align="center" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;
    &lt;div style="border-bottom: 1px solid #000000; font-size: 1px"&gt;&amp;#160;
    &lt;/div&gt;
    &lt;/div&gt;
    &lt;div align="right"&gt;
    &lt;table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="96%"&gt;
    &lt;!-- Begin Table Head --&gt;
    &lt;tr valign="bottom"&gt;
    &lt;td width="44%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td width="9%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td width="9%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td width="9%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td width="9%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style="font-size: 10pt" valign="bottom"&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" align="center" colspan="6"&gt;Maximum amount of&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" align="center" colspan="6"&gt;Amount of related&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style="font-size: 10pt" valign="bottom"&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" align="center" colspan="6"&gt;undiscounted future payments&lt;sup style="font-size: 85%; vertical-align: text-top"&gt;(a)&lt;/sup&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" align="center" colspan="6"&gt;liability&lt;sup style="font-size: 85%; vertical-align: text-top"&gt;(b)&lt;/sup&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style="font-size: 10pt" valign="bottom"&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"&gt;&lt;i&gt;(Billions)&lt;/i&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"&gt;&lt;i&gt;(Millions)&lt;/i&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style="font-size: 10pt" valign="bottom"&gt;
    &lt;td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000"&gt;Type of Guarantee&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"&gt;&lt;b&gt;2010&lt;/b&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"&gt;2009&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"&gt;&lt;b&gt;2010&lt;/b&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"&gt;2009&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;!-- End Table Head --&gt;
    &lt;!-- Begin Table Body --&gt;
    &lt;tr valign="bottom" style="background: #cceeff"&gt;
    &lt;td&gt;
    &lt;div style="margin-left:15px; text-indent:-15px"&gt;Card and travel operations&lt;sup style="font-size: 85%; vertical-align: text-top"&gt;(c) &lt;/sup&gt;
    &lt;/div&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td align="left"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
    &lt;td align="right"&gt;&lt;b&gt;68&lt;/b&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td align="left"&gt;$&lt;/td&gt;
    &lt;td align="right"&gt;66&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td align="left"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
    &lt;td align="right"&gt;&lt;b&gt;113&lt;/b&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td align="left"&gt;$&lt;/td&gt;
    &lt;td align="right"&gt;112&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="bottom" style="padding-top: 1px"&gt;
    &lt;td&gt;
    &lt;div style="margin-left:15px; text-indent:-15px"&gt;Other&lt;sup style="font-size: 85%; vertical-align: text-top"&gt;(d) &lt;/sup&gt;
    &lt;/div&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td align="right"&gt;1&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td align="right"&gt;&lt;b&gt;100&lt;/b&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td align="right"&gt;74&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style="font-size: 1px"&gt;
    &lt;td&gt;
    &lt;div style="margin-left:15px; text-indent:-15px"&gt;&amp;#160;
    &lt;/div&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="bottom" style="background: #cceeff"&gt;
    &lt;td&gt;
    &lt;div style="margin-left:15px; text-indent:-15px"&gt;Total
    &lt;/div&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td align="left"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
    &lt;td align="right"&gt;&lt;b&gt;69&lt;/b&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td align="left"&gt;$&lt;/td&gt;
    &lt;td align="right"&gt;67&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td align="left"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
    &lt;td align="right"&gt;&lt;b&gt;213&lt;/b&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td align="left"&gt;$&lt;/td&gt;
    &lt;td align="right"&gt;186&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style="font-size: 1px"&gt;
    &lt;td&gt;
    &lt;div style="margin-left:15px; text-indent:-15px"&gt;&amp;#160;
    &lt;/div&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;!-- End Table Body --&gt;
    &lt;/table&gt;
    &lt;/div&gt;
    &lt;div align="center" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;
    &lt;div style="border-bottom: 2px solid #000000; font-size: 1px"&gt;&amp;#160;
    &lt;/div&gt;
    &lt;/div&gt;
    &lt;div align="right"&gt;
    &lt;table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="96%"&gt;
    &lt;tr style="font-size: 6pt"&gt;
    &lt;td width="3%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td width="96"&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
    &lt;td nowrap="nowrap" align="left"&gt;(a)&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;
    &lt;div style="text-align: justify"&gt;Represents the notional amounts that could be lost under the guarantees and indemnifications
    if there were a total default by the guaranteed parties. The Merchant Protection guarantee is
    calculated using management&amp;#8217;s best estimate of maximum exposure based on all eligible claims
    as measured against annual billed business volumes. The Company mitigates this risk by
    withholding settlement from the merchant or obtaining deposits and other collateral from
    merchants considered higher risk due to various factors. The amounts being held by the Company
    are not significant when compared to the maximum potential amount of future payments under
    this guarantee.
    &lt;/div&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style="font-size: 3pt"&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
    &lt;td nowrap="nowrap" align="left"&gt;(b)&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;
    &lt;div style="text-align: justify"&gt;Included as part of other liabilities on the Company&amp;#8217;s Consolidated Balance Sheets.
    &lt;/div&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style="font-size: 3pt"&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
    &lt;td nowrap="nowrap" align="left"&gt;(c)&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;
    &lt;div style="text-align: justify"&gt;Includes Credit Card Registry, Return Protection, Account Protection and Merchant Protection,
    which the Company offers directly to cardmembers.
    &lt;/div&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr style="font-size: 3pt"&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="top"&gt;
    &lt;td nowrap="nowrap" align="left"&gt;(d)&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;
    &lt;div style="text-align: justify"&gt;Other primarily includes guarantees related to the Company&amp;#8217;s business dispositions and real
    estate, each of which are individually smaller indemnifications.
    &lt;/div&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;/table&gt;
    &lt;/div&gt;
    &lt;/div&gt;
    &lt;div align="left"&gt;
    &lt;/div&gt;
    &lt;/div&gt;
    &lt;/div&gt;
  </NonNumbericText>
          <NonNumericTextHeader>&lt;!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --&gt;
    &lt;!-- Begin Block Tagged Note</NonNumericTextHeader>
          <FootnoteIndexer />
          <hasSegments>false</hasSegments>
          <hasScenarios>false</hasScenarios>
          <DisplayDateInUSFormat>false</DisplayDateInUSFormat>
        </Cell>
      </Cells>
      <OriginalInstanceReportColumns />
      <ElementDataType>us-types:textBlockItemType</ElementDataType>
      <SimpleDataType>textblock</SimpleDataType>
      <ElementDefenition>Provides pertinent information about each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties.</ElementDefenition>
      <ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef
 -Publisher FASB
 -Name Statement of Financial Accounting Standard (FAS)
 -Number 5
 -Paragraph 9, 10, 11, 12

Reference 2: http://www.xbrl.org/2003/role/presentationRef
 -Publisher FASB
 -Name FASB Interpretation (FIN)
 -Number 45
 -Paragraph 13, 16

</ElementReferences>
      <IsTotalLabel>false</IsTotalLabel>
    </Row>
  </Rows>
  <Footnotes />
  <NumberOfCols>1</NumberOfCols>
  <NumberOfRows>2</NumberOfRows>
  <HasScenarios>false</HasScenarios>
  <MonetaryRoundingLevel>UnKnown</MonetaryRoundingLevel>
  <SharesRoundingLevel>UnKnown</SharesRoundingLevel>
  <PerShareRoundingLevel>UnKnown</PerShareRoundingLevel>
  <HasPureData>false</HasPureData>
  <SharesShouldBeRounded>true</SharesShouldBeRounded>
</InstanceReport>
