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Parent Company (Tables) | 12 Months Ended
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Dec. 31, 2024
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) |  | 2024 |  | 2023 |  | 2022
Revenues |  |  |  |  |  |
Non-interest revenues |  |  |  |  |  |
Other |  | $ | 390 |  |  | $ | 407 |  |  | $ | 388 |
Total non-interest revenues |  | 390 |  |  | 407 |  |  | 388 |
Interest income |  | 1,858 |  |  | 1,558 |  |  | 614 |
Interest expense |  | 1,869 |  |  | 1,436 |  |  | 857 |
Total revenues net of interest expense |  | 379 |  |  | 529 |  |  | 145 |
Expenses |  |  |  |  |  |
Salaries and employee benefits |  | 474 |  |  | 487 |  |  | 408 |
Other |  | 385 |  |  | 408 |  |  | 372 |
Total expenses |  | 859 |  |  | 895 |  |  | 780 |
Loss before income tax and equity in net income of subsidiaries |  | (480) |  |  | (366) |  |  | (635) |
Income tax benefit |  | (126) |  |  | (163) |  |  | (244) |
Equity in net income of subsidiaries and affiliates |  | 10,483 |  |  | 8,577 |  |  | 7,905 |
Net income |  | $ | 10,129 |  |  | $ | 8,374 |  |  | $ | 7,514 |
Net unrealized pension and other postretirement benefits, net of tax |  | 41 |  |  | 5 |  |  | 10 |
Other comprehensive income (loss), net |  | (364) |  |  | 133 |  |  | (275) |
Comprehensive income |  | $ | 9,806 |  |  | $ | 8,512 |  |  | $ | 7,249 |
Condensed balance sheets | PARENT COMPANY – CONDENSED BALANCE SHEETS
As of December 31 (Millions) |  | 2024 |  | 2023
Assets |  |  |  |
Cash and cash equivalents |  | $ | 7,293 |  |  | $ | 9,652 |
Equity in net assets of subsidiaries and affiliates |  | 30,165 |  |  | 28,019 |
Loans to subsidiaries and affiliates |  | 28,897 |  |  | 25,471 |
Due from subsidiaries and affiliates |  | 1,291 |  |  | 1,261 |
Other assets |  | 573 |  |  | 349 |
Total assets |  | 68,219 |  |  | 64,752 |
Liabilities and Shareholders’ Equity |  |  |  |
Liabilities |  |  |  |
Accounts payable and other liabilities |  | 2,239 |  |  | 2,188 |
Due to subsidiaries and affiliates |  | 404 |  |  | 555 |
Long-term debt |  | 35,312 |  |  | 33,952 |
Total liabilities |  | 37,955 |  |  | 36,695 |
Shareholders’ Equity |  |  |  |
Total shareholders’ equity |  | 30,264 |  |  | 28,057 |
Total liabilities and shareholders’ equity |  | $ | 68,219 |  |  | $ | 64,752 |
Condensed statements of cash flows | PARENT COMPANY – CONDENSED STATEMENTS OF CASH FLOWS
Years Ended December 31 (Millions) |  | 2024 |  | 2023 |  | 2022
Cash Flows from Operating Activities |  |  |  |  |  |
Net income |  | $ | 10,129 |  |  | $ | 8,374 |  |  | $ | 7,514 |
Adjustments to reconcile net income to cash provided by operating activities: |  |  |  |  |  |
Equity in net income of subsidiaries and affiliates |  | (10,483) |  |  | (8,577) |  |  | (7,905) |
Dividends received from subsidiaries and affiliates |  | 8,027 |  |  | 5,326 |  |  | 5,549 |
Other operating activities, primarily with subsidiaries and affiliates |  | 14 |  |  | 360 |  |  | 160 |
Net cash provided by operating activities |  | 7,687 |  |  | 5,483 |  |  | 5,318 |
Cash Flows from Investing Activities |  |  |  |  |  |
Net increase in loans to subsidiaries and affiliates |  | (3,449) |  |  | (2,836) |  |  | (4,850) |
Investments in subsidiaries and affiliates |  | (55) |  |  | — |  |  | (1) |
Other investing activities |  | 5 |  |  | — |  |  | — |
Net cash used in investing activities |  | (3,499) |  |  | (2,836) |  |  | (4,851) |
Cash Flows from Financing Activities |  |  |  |  |  |
Net decrease in short-term debt from subsidiaries and affiliates |  | — |  |  | — |  |  | (136) |
Proceeds from long-term debt |  | 8,872 |  |  | 9,969 |  |  | 13,202 |
Payments of long-term debt |  | (7,500) |  |  | (5,750) |  |  | (5,675) |
Issuance of American Express common shares |  | 100 |  |  | 28 |  |  | 56 |
Repurchase of American Express common shares and other |  | (6,020) |  |  | (3,650) |  |  | (3,502) |
Dividends paid |  | (1,999) |  |  | (1,780) |  |  | (1,565) |
Net cash (used in) provided by financing activities |  | (6,547) |  |  | (1,183) |  |  | 2,380 |
Net (decrease) increase in cash and cash equivalents |  | (2,359) |  |  | 1,464 |  |  | 2,847 |
Cash and cash equivalents at beginning of year |  | 9,652 |  |  | 8,188 |  |  | 5,341 |
Cash and cash equivalents at end of year |  | $ | 7,293 |  |  | $ | 9,652 |  |  | $ | 8,188 |

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