XML 41 R30.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Reserves for Credit Losses (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Credit Loss [Abstract] |
Schedule of key variables in macroeconomic scenarios utilized for computation of reserves for credit losses | The following table reflects the range of macroeconomic scenario key variables used, in conjunction with other inputs, to calculate reserves for credit losses:
|  | U.S. Unemployment Rate |  | U.S. GDP Growth (Contraction) (a)
|  | March 31, 2024 |  | December 31, 2023 |  | March 31, 2024 |  | December 31, 2023
First quarter of 2024 |  | 4% |  | 3% - 6% |  | 2% |  | 4% - (3)%
Fourth quarter of 2024 |  | 3% - 7% |  | 3% - 8% |  | 3% - (3)% |  | 3% - 1%
Fourth quarter of 2025 |  | 3% - 7% |  | 3% - 7% |  | 3% - 2% |  | 2%
Fourth quarter of 2026 |  | 3% - 6% |  | 3% - 6% |  | 3% - 2% |  | 3% - 2%
(a)Real GDP quarter over quarter percentage change seasonally adjusted to annualized rates.
Schedule of changes in card member loans and receivables | The following table presents changes in the Card Member loans reserve for credit losses for the three months ended March 31:
|  | Three Months Ended March 31, |  |
(Millions) |  | 2024 |  | 2023 |  |  |  |
Beginning Balance |  | $ | 5,118 |  |  | $ | 3,747 |  |  |  |  |
Provisions (a) |  | 1,014 |  |  | 786 |  |  |  |  |
Net write-offs (b) |  |  |  |  |  |  |  |
Principal |  | (705) |  |  | (397) |  |  |  |  |
Interest and fees |  | (150) |  |  | (89) |  |  |  |  |
Other (c) |  | (6) |  |  | 6 |  |  |  |  |
Ending Balance |  | $ | 5,271 |  |  | $ | 4,053 |  |  |  |  |
(a)Provisions for principal, interest and fee reserve components. Provisions for credit losses includes reserve build (release) and replenishment for net write-offs. (b)Principal write-offs are presented less recoveries of $159 million and $128 million for the three months ended March 31, 2024 and 2023, respectively. Recoveries of interest and fees were not significant. (c)Primarily includes foreign currency translation adjustments. The following table presents changes in the Card Member receivables reserve for credit losses for the three months ended March 31:
|  | Three Months Ended March 31, |  |
(Millions) |  | 2024 |  | 2023 |  |  |  |
Beginning Balance |  | $ | 174 |  |  | $ | 229 |  |  |  |  |
Provisions (a) |  | 196 |  |  | 222 |  |  |  |  |
Net write-offs (b) |  | (217) |  |  | (230) |  |  |  |  |
Other (c) |  | (2) |  |  | 2 |  |  |  |  |
Ending Balance |  | $ | 151 |  |  | $ | 223 |  |  |  |  |
(a)Provisions for principal and fee reserve components. Provisions for credit losses includes reserve build (release) and replenishment for net write-offs. (b)Net write-offs are presented less recoveries of $76 million and $69 million for the three months ended March 31, 2024 and 2023, respectively. (c)Primarily includes foreign currency translation adjustments.

X
- Definition Financing Receivable, Allowance For Credit Loss, Valuation Assumptions + References No definition available. + Details
Name: | axp_FinancingReceivableAllowanceForCreditLossValuationAssumptionsTableTextBlock
Namespace Prefix: | axp_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_CreditLossAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration