Consolidated Statements of Cash Flows - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018
Cash Flows from Operating Activities
Net income		$ 325	$ 326
Adjustments to reconcile net income to net cash provided by operating activities:
Provisions for losses		170	190
Amortization of underwriting expense		15	19
Deferred taxes		12	(40)
Changes in operating assets and liabilities:
Interest, taxes and other amounts due to/from affiliates		37	(86)
Other operating assets and liabilities		484	144
Net cash provided by operating activities		1,043	553
Cash Flows from Investing Activities
Net increase in Card Member receivables and Card Member loans		(666)	(5,991)
Net (increase) decrease in loans to affiliates and other	[1]	(304)	766
Net (decrease) increase in due to/from affiliates		(155)	1,632
Net cash used in investing activities		(1,125)	(3,593)
Cash Flows from Financing Activities
Net decrease in short-term debt		(793)	(1,149)
Net increase in short-term debt to affiliates	[2]	305	6,841
Principal payments of long-term debt		(7,150)	(2,647)
Proceeds from long-term debt to affiliates	[2]	26,964	0
Principal payments of long-term debt to affiliates	[1],[2]	(19,313)	0
Net cash provided by financing activities		13	3,045
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash		3	(3)
Net (decrease) increase in cash, cash equivalents and restricted cash		(66)	2
Cash, cash equivalents and restricted cash at beginning of period		195	296
Cash, cash equivalents and restricted cash at end of period		$ 129	$ 298

[1] As a result of funding structure changes in the ordinary course of business, Credco terminated the intercompany loan agreement with American Express Limited and American Express International, Inc. and settled the related borrowings from American Express Company during the nine months ended September 30, 2019.

[2] Pursuant to the revision of the master note arrangement with American Express Company during the fourth quarter of 2018, Credco has changed the classification of the net borrowings from short-term debt to affiliates to long-term debt to affiliates.