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Fair Values (Tables)
 12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Fair value assets and liabilities measured on recurring basis
The following table summarizes our financial assets and financial liabilities measured at fair value on a recurring basis, categorized by GAAP’s fair value hierarchy (as described in the preceding paragraphs), as of December 31:
20232022
(Millions)TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
Assets:
Investment securities: (a)
Equity securities$66 $66 $— $— $41 $40 $1 $— 
Debt securities 2,120 — 2,046 74 4,537 — 4,490 47 
Derivatives, gross (a)(b)
80 — 62 18 521 — 494 27 
Total Assets2,266 66 2,108 92 5,099 40 4,985 74 
Liabilities:
Derivatives, gross (a)
977 — 977 — 801 — 801 — 
Total Liabilities$977 $— $977 $— $801 $— $801 $— 
(a)Refer to Note 4 for the fair values of investment securities and to Note 13 for the fair values of derivative assets and liabilities, on a further disaggregated basis.
(b)Level 3 fair value reflects an embedded derivative. Management reviews and applies judgment to the valuation of the embedded derivative that is performed by an independent third party using a Monte Carlo simulation that models a range of probable future stock prices based on implied volatility in a risk neutral framework. Refer to Note 13 for additional information about this embedded derivative.
Estimated fair value of financial assets and financial liabilities
The following table summarizes the estimated fair values of our financial assets and financial liabilities that are measured at amortized cost, and not required to be carried at fair value on a recurring basis, as of December 31, 2023 and 2022. The fair values of these financial instruments are estimates based upon the market conditions and perceived risks as of December 31, 2023 and 2022, and require management’s judgment. These figures may not be indicative of future fair values, nor can the fair value of American Express be estimated by aggregating the amounts presented.
2023 (Billions)
Carrying
Value		Corresponding Fair Value Amount
TotalLevel 1Level 2Level 3
Financial Assets:
Financial assets for which carrying values equal or
approximate fair value
Cash and cash equivalents(a)
$47 $47 $45 $2 $— 
Other financial assets(b)
63 63 — 63 — 
Financial assets carried at other than fair value
Card Member and Other loans, less reserves(c)
128 133 — — 133 
Financial Liabilities:
Financial liabilities for which carrying values equal or approximate fair value143 143 — 143 — 
Financial liabilities carried at other than fair value
Certificates of deposit(d)
19 18 — 18 — 
Long-term debt(c)
$48 $48 $— $48 $— 
2022 (Billions)
Carrying
Value		Corresponding Fair Value Amount
TotalLevel 1Level 2Level 3
Financial Assets:
Financial assets for which carrying values equal or
approximate fair value
Cash and cash equivalents(a)
$34 $34 $32 $2 $— 
Other financial assets(b)
60 60 — 60 — 
Financial assets carried at other than fair value
Card Member and Other loans, less reserves(c)
110 113 — — 113 
Financial Liabilities:
Financial liabilities for which carrying values equal or approximate fair value123 123 — 123 — 
Financial liabilities carried at other than fair value
Certificates of deposit(d)
16 16 — 16 — 
Long-term debt(c)
$43 $42 $— $42 $— 
(a)Level 2 fair value amounts reflect time deposits and short-term investments.
(b)Balances include Card Member receivables (including fair values of Card Member receivables of $4.6 billion and 5.2 billion held by a consolidated VIE as of December 31, 2023 and 2022, respectively), other receivables and other miscellaneous assets.
(c)Balances include amounts held by a consolidated VIE for which the fair values of Card Member loans were $28.6 billion and $28.4 billion as of December 31, 2023 and 2022, respectively, and the fair values of Long-term debt were $13.3 billion and $12.3 billion as of December 31, 2023 and 2022, respectively.
(d)Presented as a component of Customer deposits on the Consolidated Balance Sheets.