XML 64 R45.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Investment Securities (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract] |
Schedule of available for sale securities by type | The following is a summary of investment securities as of December 31: TABLE 4.1: INVESTMENT SECURITIES
|  | 2024 |  | 2023
Description of Securities (Millions) |  | Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value |  | Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
Available-for-sale debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
State and municipal obligations |  | $ | 57 |  |  | $ | 1 |  |  | $ | (9) |  |  | $ | 49 |  |  | $ | 61 |  |  | $ | — |  |  | $ | (6) |  |  | $ | 55 |
U.S. Government agency obligations |  | 4 |  |  | — |  |  | — |  |  | 4 |  |  | 4 |  |  | — |  |  | — |  |  | 4 |
U.S. Government treasury obligations |  | 289 |  |  | — |  |  | (2) |  |  | 287 |  |  | 1,217 |  |  | 1 |  |  | (12) |  |  | 1,206 |
Mortgage-backed securities (a) |  | 11 |  |  | — |  |  | (1) |  |  | 10 |  |  | 12 |  |  | — |  |  | (1) |  |  | 11 |
Foreign government bonds and obligations |  | 765 |  |  | — |  |  | — |  |  | 765 |  |  | 770 |  |  | — |  |  | — |  |  | 770 |
Other (b) |  | 77 |  |  | — |  |  | — |  |  | 77 |  |  | 74 |  |  | — |  |  | — |  |  | 74 |
Equity securities (c)(d) |  | 53 |  |  | 4 |  |  | (9) |  |  | 48 |  |  | 60 |  |  | 16 |  |  | (10) |  |  | 66 |
Total |  | $ | 1,256 |  |  | $ | 5 |  |  | $ | (21) |  |  | $ | 1,240 |  |  | $ | 2,198 |  |  | $ | 17 |  |  | $ | (29) |  |  | $ | 2,186 |
(a)Represents mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae. (b)Represents investments in debt securities issued by Community Development Financial Institutions. (c)Equity securities comprise investments in common stock and mutual funds. (d)During 2024, an equity investment transferred from Other assets to Investment securities following the completion of an initial public offering by the issuer of the securities. The investment had a fair value of $7 million with an associated cost of $3 million as of December 31, 2024.
Available-for-sale securities, continuous unrealized loss position, fair value | The following table provides information about our AFS debt securities with gross unrealized losses and the length of time that individual securities have been in a continuous unrealized loss position as of December 31, 2024 and 2023: TABLE 4.2: AFS DEBT SECURITIES WITH GROSS UNREALIZED LOSSES BY DURATION
|  | 2024 |  | 2023
|  | Less than 12 months |  | 12 months or more |  | Less than 12 months |  | 12 months or more
Description of Securities (Millions) |  | Estimated Fair Value |  | Gross Unrealized Losses |  | Estimated Fair Value |  | Gross Unrealized Losses |  | Estimated Fair Value |  | Gross Unrealized Losses |  | Estimated Fair Value |  | Gross Unrealized Losses
State and municipal obligations |  | $ | — |  |  | $ | — |  |  | $ | 22 |  |  | $ | (9) |  |  | $ | — |  |  | $ | — |  |  | $ | 33 |  |  | $ | (6) |
U.S. Government treasury obligations |  | — |  |  | — |  |  | 123 |  |  | (2) |  |  | — |  |  | — |  |  | 1,114 |  |  | (12) |
Mortgage-backed securities |  | — |  |  | — |  |  | 7 |  |  | (1) |  |  | — |  |  | — |  |  | 7 |  |  | (1) |
Total |  | $ | — |  |  | $ | — |  |  | $ | 152 |  |  | $ | (12) |  |  | $ | — |  |  | $ | — |  |  | $ | 1,154 |  |  | $ | (19) |
Available for sale securities ratio of fair value to amortized cost | The following table summarizes the gross unrealized losses for AFS debt securities by ratio of fair value to amortized cost as of December 31, 2024 and 2023: TABLE 4.3: AFS GROSS UNREALIZED LOSSES BY RATIO OF FAIR VALUE TO AMORTIZED COST
|  | Less than 12 months |  | 12 months or more |  | Total
Ratio of Fair Value to Amortized Cost (Dollars in millions) |  | Number of Securities |  | Estimated Fair Value |  | Gross Unrealized Losses |  | Number of Securities |  | Estimated Fair Value |  | Gross Unrealized Losses |  | Number of Securities |  | Estimated Fair Value |  | Gross Unrealized Losses
2024: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
90%–100% |  | — |  | $ | — |  |  | $ | — |  |  | 30 |  | $ | 129 |  |  | $ | (3) |  |  | 30 |  | $ | 129 |  |  | $ | (3) |
Less than 90% |  | — |  | — |  |  | — |  |  | 15 |  | 23 |  |  | (9) |  |  | 15 |  | 23 |  |  | (9) |
Total as of December 31, 2024 |  | — |  | $ | — |  |  | $ | — |  |  | 45 |  | $ | 152 |  |  | $ | (12) |  |  | 45 |  | $ | 152 |  |  | $ | (12) |
2023: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
90%–100% |  | — |  | $ | — |  |  | $ | — |  |  | 69 |  | $ | 1,140 |  |  | $ | (14) |  |  | 69 |  | $ | 1,140 |  |  | $ | (14) |
Less than 90% |  | — |  | — |  |  | — |  |  | 2 |  | 14 |  |  | (5) |  |  | 2 |  | 14 |  |  | (5) |
Total as of December 31, 2023 |  | — |  | $ | — |  |  | $ | — |  |  | 71 |  | $ | 1,154 |  |  | $ | (19) |  |  | 71 |  | $ | 1,154 |  |  | $ | (19) |
Contractual maturities of investment securities | Weighted average yields and contractual maturities for AFS debt securities with stated maturities as of December 31, 2024 were as follows: TABLE 4.4: WEIGHTED AVERAGE YIELDS AND CONTRACTUAL MATURITIES OF AFS DEBT SECURITIES
(Millions) |  | Due within 1 year |  | Due after 1 year but within 5 years |  | Due after 5 years but within 10 years |  | Due after 10 years |  | Total |
State and municipal obligations (a) |  | $ | — |  |  | $ | — |  |  | $ | 23 |  |  | $ | 26 |  |  | $ | 49 |  |
U.S. Government agency obligations (a) |  | — |  |  | — |  |  | — |  |  | 4 |  |  | 4 |  |
U.S. Government treasury obligations |  | 189 |  |  | 98 |  |  | — |  |  | — |  |  | 287 |  |
Mortgage-backed securities (a)(b) |  | — |  |  | — |  |  | — |  |  | 10 |  |  | 10 |  |
Foreign government bonds and obligations |  | 764 |  |  | 1 |  |  | — |  |  | — |  |  | 765 |  |
Other (c) |  | — |  |  | 67 |  |  | 10 |  |  | — |  |  | 77 |  |
Total Estimated Fair Value |  | $ | 953 |  |  | $ | 166 |  |  | $ | 33 |  |  | $ | 40 |  |  | $ | 1,192 |  |
Total Cost |  | $ | 955 |  |  | $ | 166 |  |  | $ | 32 |  |  | $ | 50 |  |  | $ | 1,203 |  |
Weighted average yield (d) |  | 5.33 | % |  | 3.71 | % |  | 4.81 | % |  | 2.73 | % |  | 4.98 | % |
(a)The expected payments on state and municipal obligations, U.S. Government agency obligations and mortgage-backed securities may not coincide with their contractual maturities because the issuers have the right to call or prepay certain obligations. (b)Represents mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae. (c)Represents investments in debt securities issued by Community Development Financial Institutions. (d)Average yields for investment securities have been calculated using the effective yield on the date of purchase. Yields on tax-exempt investment securities have been computed on a tax-equivalent basis using the U.S. federal statutory tax rate of 21 percent.

X
- Definition Represents table summarizing the gross unrealized losses due to temporary impairments by ratio of fair value to amortized cost. + References No definition available. + Details
Name: | axp_AvailableForSaleSecuritiesRatioOfFairValueToAmortizedCostTableTextBlock
Namespace Prefix: | axp_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479081/326-30-55-8 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-6 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479106/326-30-50-4 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration