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Parent Company | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Parent Company | PARENT COMPANY 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 |
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 |
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 |  |  | $ | — |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI https://asc.fasb.org/extlink&oid=126898705&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=126929396&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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