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Reportable Operating Segment | 12 Months Ended
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Dec. 31, 2014
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Reportable Operating Segments | NOTE 25 Reportable Operating Segments and Geographic Operations Reportable Operating Segments The Company is a leading global payments and travel company that is principally engaged in businesses comprising four reportable operating segments: USCS, ICS, GCS and GNMS. The Company considers a combination of factors when evaluating the composition of its reportable operating segments, including the results r eviewed by the chief operating decision maker, economic characteristics, products and services offered, classes of customers, product distribution channels, geographic considerations (pri marily U.S. versus non-U.S.), and regulatory environment consideratio ns. T he following is a brief description of the primary business activities of the Company’s four reportable operating segments: USCS issues a wide range of card products and services to consumers and small businesses in the U.S., and provides consumer tr avel services to Card Members and other consumers. ICS issues proprietary consumer and small business cards outside the U.S. and operates coalition loyalty business in various countries. GCS offers global corporate payment services t o large and mid-sized c ompanies. The Company’s business travel operations, which had been included in GCS, were deconsolidated effective June 30, 2014 in connection with the GBT JV transaction. GNMS operates a global payments network that processes and settles proprietary and non-proprietary card transactions. GNMS acquires merchants and provides point-of-sale products, multi-channel marketing programs and capabilities, services and data, leveraging the Company’s global closed-loop network. It enters into pa rtnership agreements with third-party card issuers and acquirers, licensing the American Express brand and extending the reach of the global network. C orporate functions and certain other businesses, including the Co mpany’s Enterprise Growth Group and other operations, are i ncluded in Corporate & Other. The following table presents certain selected financial information as of or for the years ended December 31, 2014, 2013 and 2012:
|  |  |  |  |  |  |  |  |  |  |  |  |  | Corporate & |  |  |
(Millions, except where indicated) |  | USCS |  | ICS |  | GCS |  | GNMS |  | Other | (a) | Consolidated
2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-interest revenues |  | $ | 12,732 |  | $ | 4,737 |  | $ | 5,173 |  | $ | 5,426 |  | $ | 752 |  | $ | 28,820
Interest income |  |  | 5,786 |  |  | 1,085 |  |  | 15 |  |  | 52 |  |  | 241 |  |  | 7,179
Interest expense |  |  | 604 |  |  | 330 |  |  | 240 |  |  | (269) |  |  | 802 |  |  | 1,707
Total revenues net of interest expense |  |  | 17,914 |  |  | 5,492 |  |  | 4,948 |  |  | 5,747 |  |  | 191 |  |  | 34,292
Total provision |  |  | 1,396 |  |  | 370 |  |  | 180 |  |  | 93 |  |  | 5 |  |  | 2,044
Pretax income (loss) from continuing operations |  |  | 5,100 |  |  | 449 |  |  | 2,408 |  |  | 2,620 |  |  | (1,586) |  |  | 8,991
Income tax provision (benefit) |  |  | 1,900 |  |  | 38 |  |  | 865 |  |  | 960 |  |  | (657) |  |  | 3,106
Net income (loss) |  |  | 3,200 |  |  | 411 |  |  | 1,543 |  |  | 1,660 |  |  | (929) |  |  | 5,885
Total equity (billions) |  |  | 10.4 |  |  | 3.0 |  |  | 3.8 |  |  | 2.0 |  |  | 1.5 |  |  | 20.7
2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-interest revenues |  |  | 12,123 |  |  | 4,644 |  |  | 5,085 |  |  | 5,229 |  |  | 846 |  |  | 27,927
Interest income |  |  | 5,565 |  |  | 1,118 |  |  | 13 |  |  | 32 |  |  | 277 |  |  | 7,005
Interest expense |  |  | 693 |  |  | 361 |  |  | 245 |  |  | (252) |  |  | 911 |  |  | 1,958
Total revenues net of interest expense |  |  | 16,995 |  |  | 5,401 |  |  | 4,853 |  |  | 5,513 |  |  | 212 |  |  | 32,974
Total provision |  |  | 1,250 |  |  | 388 |  |  | 129 |  |  | 67 |  |  | (2) |  |  | 1,832
Pretax income (loss) from continuing operations |  |  | 4,994 |  |  | 643 |  |  | 1,244 |  |  | 2,469 |  |  | (1,462) |  |  | 7,888
Income tax provision (benefit) |  |  | 1,801 |  |  | 12 |  |  | 384 |  |  | 894 |  |  | (562) |  |  | 2,529
Net income (loss) |  |  | 3,193 |  |  | 631 |  |  | 860 |  |  | 1,575 |  |  | (900) |  |  | 5,359
Total equity (billions) |  |  | 9.3 |  |  | 3.1 |  |  | 3.7 |  |  | 2.0 |  |  | 1.4 |  |  | 19.5
2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-interest revenues |  |  | 11,469 |  |  | 4,561 |  |  | 4,995 |  |  | 5,005 |  |  | 897 |  |  | 26,927
Interest income |  |  | 5,342 |  |  | 1,147 |  |  | 11 |  |  | 23 |  |  | 331 |  |  | 6,854
Interest expense |  |  | 765 |  |  | 402 |  |  | 257 |  |  | (243) |  |  | 1,045 |  |  | 2,226
Total revenues net of interest expense |  |  | 16,046 |  |  | 5,306 |  |  | 4,749 |  |  | 5,271 |  |  | 183 |  |  | 31,555
Total provision |  |  | 1,253 |  |  | 279 |  |  | 106 |  |  | 73 |  |  | 1 |  |  | 1,712
Pretax income (loss) from continuing operations |  |  | 4,069 |  |  | 659 |  |  | 960 |  |  | 2,219 |  |  | (1,456) |  |  | 6,451
Income tax provision (benefit) |  |  | 1,477 |  |  | 25 |  |  | 316 |  |  | 776 |  |  | (625) |  |  | 1,969
Net income (loss) |  |  | 2,592 |  |  | 634 |  |  | 644 |  |  | 1,443 |  |  | (831) |  |  | 4,482
Total equity (billions) |  | $ | 8.7 |  | $ | 2.9 |  | $ | 3.6 |  | $ | 2.0 |  | $ | 1.7 |  | $ | 18.9
Corporate & Other includes adjustments and eliminations for intersegment activity. Total Revenues Net of Interest Expense The Company allocates discount revenue and certain other revenues among segments using a transfer pricing methodology. Within the USCS, ICS and GCS segments, discount revenue reflects the issuer component of the overall discount revenue generated by each segment’s Card Members; within the GNMS segment, discount revenue reflects the network and acquirer component of the overall discount revenue. Net card fees and travel commissions and fees are directly attributabl e to the segment in which they are reported. Interest and fees on loans and certain investment income is directly attributable to the segment in which it is reported. Interest expense represents an allocated funding cost based on a combination of segment f unding requirements and internal funding rates. Provisions for Losses The provisions for losses are directly attributable to the segment in which they are reported. Expenses Marketing and promotion expenses are included in each segment based on actual expenses incurred, with the exception of brand advertising, which is primarily reflected in the GNMS and USCS segment s. Rewards and Card Member services expenses are included in each segment based on actual expenses incurred within each segment. Salaries and employee benefits and other operating expenses include expenses such as professional services, occupancy and equipment and communications incurred directly within each segment. In addition, expenses related to the Company’s support services, such as te chnology costs, are allocated to each segment primarily based on support service activities directly attributable to the segment. Other overhead expenses, such as staff group support functions, are allocated from Corporate & Other to the other segments bas ed on a mix of each segment’s direct consumption of services and relative level of pretax income. Capital Each business segment is allocated capital based on established business model operating requirements, risk measures and regulatory capital requirem ents. Business model operating requirements include capital needed to support operations and specific balance sheet items. The risk measures include considerations for credit, market and operational risk. Income Taxes An income tax provision (benefit) is allocated to each business segment based on the effective tax rates applicable to various businesses that comprise the segment. Geographic O perations The following table presents the Company’s total revenues net of interest expense and pretax income (loss) from continuing operations i n different geographic regions:
(Millions) |  | U.S. |  | EMEA | (a) | JAPA | (a) | LACC | (a) | Other Unallocated | (b) | Consolidated
2014(c) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Total revenues net of interest expense |  | $ | 24,855 |  | $ | 3,767 |  | $ | 2,934 |  | $ | 2,888 |  | $ | (152) |  | $ | 34,292
| Pretax income (loss) from continuing operations |  |  | 8,869 |  |  | 525 |  |  | 463 |  |  | 683 |  |  | (1,549) |  |  | 8,991
2013(c) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Total revenues net of interest expense |  | $ | 23,745 |  | $ | 3,700 |  | $ | 2,952 |  | $ | 2,900 |  | $ | (323) |  | $ | 32,974
| Pretax income (loss) from continuing operations |  |  | 7,679 |  |  | 524 |  |  | 488 |  |  | 701 |  |  | (1,504) |  |  | 7,888
2012(c) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Total revenues net of interest expense |  | $ | 22,631 |  | $ | 3,594 |  | $ | 3,106 |  | $ | 2,774 |  | $ | (550) |  | $ | 31,555
| Pretax income (loss) from continuing operations |  |  | 6,468 |  |  | 505 |  |  | 426 |  |  | 605 |  |  | (1,553) |  |  | 6,451
EMEA represents Europe, the Middle East and Africa; JAPA represents Japan, Asia/Pacific and Australia; and LACC represents Latin America, Canada and the Caribbean. Other U nallocated includes net costs which are not directly allocable to specific geographic regions, including costs related to the net negative interest spread on excess liquidity funding and executive office operations expenses. The data in the above table is, in part, based upon internal allocations, which necessarily involve management’s judgment.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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