Parent Company (Tables)

12 Months Ended

Dec. 31, 2017

Table Text Block [Abstract]

Condensed Statements of Income

PARENT COMPANY – CONDENSED STATEMENTS OF INCOME

Years Ended December 31 (Millions)			2017		2016		2015
Revenues
	Non-interest revenues
		Other		358		391		400
Total non-interest revenues				358		391		400
Interest income				258		196		172
Interest expense				493		515		526
Total revenues net of interest expense				123		72		46
Expenses
	Salaries and employee benefits			362		388		341
	Other			553		510		443
Total expenses				915		898		784
Pretax loss				(792)		(826)		(738)
Income tax benefit				(354)		(327)		(268)
Net loss before equity in net income of subsidiaries and affiliates				(438)		(499)		(470)
Equity in net income of subsidiaries and affiliates				3,174		5,907		5,633
Net income			$	2,736	$	5,408	$	5,163

Condensed Balance Sheets

PARENT COMPANY – CONDENSED BALANCE SHEETS

As of December 31 (Millions)		2017		2016
Assets
Cash and cash equivalents		$	4,726	$	5,229
Investment securities			1		1
Equity in net assets of subsidiaries and affiliates			18,191		20,522
Accounts receivable, less reserves			103		513
Premises and equipment, less accumulated depreciation: 2017, $9; 2016, $96			5		30
Loans to subsidiaries and affiliates			11,664		7,620
Due from subsidiaries and affiliates			1,962		867
Other assets			252		277
Total assets			36,904		35,059
Liabilities and Shareholders’ Equity
Liabilities
Accounts payable and other liabilities			3,076		1,531
Due to subsidiaries and affiliates			175		619
Short-term debt of subsidiaries and affiliates			2,731		4,044
Long-term debt			12,695		8,364
	Total liabilities		18,677		14,558
Shareholders’ Equity
Preferred Shares			―		―
Common shares			172		181
Additional paid-in capital			12,210		12,733
Retained earnings			8,273		10,371
Accumulated other comprehensive loss			(2,428)		(2,784)
	Total shareholders’ equity		18,227		20,501
Total liabilities and shareholders’ equity		$	36,904	$	35,059

Condensed Cash Flows

PARENT COMPANY – CONDENSED STATEMENTS OF CASH FLOWS

Years Ended December 31 (Millions)			2017		2016		2015
Cash Flows from Operating Activities
Net income		$	2,736	$	5,408	$	5,163
Adjustments to reconcile net income to cash provided by operating activities:
	Equity in net income of subsidiaries and affiliates		(3,174)		(5,903)		(5,633)
	Dividends received from subsidiaries and affiliates		5,755		4,999		5,331
	Other operating activities, primarily with subsidiaries and affiliates		659		(102)		332
Net cash provided by operating activities			5,976		4,402		5,193
Cash Flows from Investing Activities
Purchase of investments			―		―		(3.00)
Purchase of premises and equipment			―		(1)		(29)
Loans to subsidiaries and affiliates			(4,044)		4,142		(3,952)
Investments in subsidiaries and affiliates			―		(25)		―
Net cash provided by (used in) investing activities			(4,044)		4,116		(3,984)
Cash Flows from Financing Activities
Proceeds from long-term debt			5,900		―		―
Payments on long-term debt			(1,500)		(1,350)		―
Short-term debt of subsidiaries and affiliates			(1,313)		(2,879)		986
Issuance of American Express preferred shares			―		―		841
Issuance of American Express common shares and other			129		176		192
Repurchase of American Express common shares			(4,400)		(4,430)		(4,480)
Dividends paid			(1,251)		(1,206)		(1,172)
Net cash (used in) provided by financing activities			(2,435)		(9,689)		(3,633)
Net (decrease) increase in cash and cash equivalents			(503)		(1,171)		(2,424)
Cash and cash equivalents at beginning of year			5,229		6,400		8,824
Cash and cash equivalents at end of year		$	4,726	$	5,229	$	6,400