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Parent Company (Tables) | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Condensed statements of income and comprehensive income | PARENT COMPANY – CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
Years Ended December 31 (Millions) |  | 2023 |  | 2022 |  | 2021
Revenues |  |  |  |  |  |
Non-interest revenues |  |  |  |  |  |
Other |  | $ | 407 |  |  | $ | 388 |  |  | $ | 343 |
Total non-interest revenues |  | 407 |  |  | 388 |  |  | 343 |
Interest income |  | 1,558 |  |  | 614 |  |  | 96 |
Interest expense |  | 1,436 |  |  | 857 |  |  | 482 |
Total revenues net of interest expense |  | 529 |  |  | 145 |  |  | (43) |
Expenses |  |  |  |  |  |
Salaries and employee benefits |  | 487 |  |  | 408 |  |  | 359 |
Other |  | 408 |  |  | 372 |  |  | 346 |
Total expenses |  | 895 |  |  | 780 |  |  | 705 |
Loss before income tax and equity in net income of subsidiaries |  | (366) |  |  | (635) |  |  | (748) |
Income tax benefit |  | (163) |  |  | (244) |  |  | (248) |
Equity in net income of subsidiaries and affiliates |  | 8,577 |  |  | 7,905 |  |  | 8,560 |
Net income |  | $ | 8,374 |  |  | $ | 7,514 |  |  | $ | 8,060 |
Net unrealized pension and other postretirement benefits, net of tax |  | 5 |  |  | 10 |  |  | 151 |
Other comprehensive income (loss), net |  | 133 |  |  | (275) |  |  | (201) |
Comprehensive income |  | $ | 8,512 |  |  | $ | 7,249 |  |  | $ | 8,010 |
Condensed balance sheets | PARENT COMPANY – CONDENSED BALANCE SHEETS
As of December 31 (Millions) |  | 2023 |  | 2022
Assets |  |  |  |
Cash and cash equivalents |  | $ | 9,652 |  |  | $ | 8,188 |
Equity in net assets of subsidiaries and affiliates |  | 28,019 |  |  | 24,702 |
Loans to subsidiaries and affiliates |  | 25,471 |  |  | 22,658 |
Due from subsidiaries and affiliates |  | 1,261 |  |  | 1,342 |
Other assets |  | 349 |  |  | 156 |
Total assets |  | 64,752 |  |  | 57,046 |
Liabilities and Shareholders’ Equity |  |  |  |
Liabilities |  |  |  |
Accounts payable and other liabilities |  | 2,188 |  |  | 2,271 |
Due to subsidiaries and affiliates |  | 555 |  |  | 632 |
Long-term debt |  | 33,952 |  |  | 29,432 |
Total liabilities |  | 36,695 |  |  | 32,335 |
Shareholders’ Equity |  |  |  |
Total shareholders’ equity |  | 28,057 |  |  | 24,711 |
Total liabilities and shareholders’ equity |  | $ | 64,752 |  |  | $ | 57,046 |
Condensed statements of cash flows | PARENT COMPANY – CONDENSED STATEMENTS OF CASH FLOWS
Years Ended December 31 (Millions) |  | 2023 |  | 2022 |  | 2021
Cash Flows from Operating Activities |  |  |  |  |  |
Net income |  | $ | 8,374 |  |  | $ | 7,514 |  |  | $ | 8,060 |
Adjustments to reconcile net income to cash provided by operating activities: |  |  |  |  |  |
Equity in net income of subsidiaries and affiliates |  | (8,577) |  |  | (7,905) |  |  | (8,560) |
Dividends received from subsidiaries and affiliates |  | 5,326 |  |  | 5,549 |  |  | 9,102 |
Other operating activities, primarily with subsidiaries and affiliates |  | 360 |  |  | 160 |  |  | (305) |
Net cash provided by operating activities |  | 5,483 |  |  | 5,318 |  |  | 8,297 |
Cash Flows from Investing Activities |  |  |  |  |  |
Net increase in loans to subsidiaries and affiliates |  | (2,836) |  |  | (4,850) |  |  | (176) |
Investments in subsidiaries and affiliates |  | — |  |  | (1) |  |  | (60) |
Net cash used in investing activities |  | (2,836) |  |  | (4,851) |  |  | (236) |
Cash Flows from Financing Activities |  |  |  |  |  |
Net decrease in short-term debt from subsidiaries and affiliates |  | — |  |  | (136) |  |  | (2,636) |
Proceeds from long-term debt |  | 9,969 |  |  | 13,202 |  |  | 3,000 |
Payments of long-term debt |  | (5,750) |  |  | (5,675) |  |  | (5,000) |
Issuance of American Express preferred shares |  | — |  |  | — |  |  | 1,584 |
Redemption of American Express preferred shares |  | — |  |  | — |  |  | (1,600) |
Issuance of American Express common shares |  | 28 |  |  | 56 |  |  | 64 |
Repurchase of American Express common shares and other |  | (3,650) |  |  | (3,502) |  |  | (7,652) |
Dividends paid |  | (1,780) |  |  | (1,565) |  |  | (1,448) |
Net cash (used in) provided by financing activities |  | (1,183) |  |  | 2,380 |  |  | (13,688) |
Net increase (decrease) in cash and cash equivalents |  | 1,464 |  |  | 2,847 |  |  | (5,627) |
Cash and cash equivalents at beginning of year |  | 8,188 |  |  | 5,341 |  |  | 10,968 |
Cash and cash equivalents at end of year |  | $ | 9,652 |  |  | $ | 8,188 |  |  | $ | 5,341 |
Supplemental cash flow information |  |  |  |  |  |
Years Ended December 31 (Millions) |  | 2023 |  | 2022 |  | 2021
Non-Cash Investing Activities |  |  |  |  |  |
Loans to subsidiaries and affiliates |  | $ | — |  |  | $ | — |  |  | $ | (1,787) |
Non-Cash Financing Activities |  |  |  |  |  |
Proceeds from long-term debt |  | $ | — |  |  | $ | — |  |  | $ | 1,787 |

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