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Transactions with Affiliates (Tables)
 12 Months Ended
Dec. 31, 2019
Related Party Transactions [Abstract]  
Certain transactions with affiliates
Transactions with affiliates as of or for the years ended December 31, were as follows:

(Millions, except percentages)201920182017
Loans to affiliates and other$10,345  $14,136  $14,527  
Average interest rate on loans to affiliates and other2.89 %2.79 %2.19 %
Due from affiliates$652  $210  $189  
Restricted cash with affiliates116  93  100  
Short-term debt to affiliates6,225  5,899  5,997  
Average interest rate on short-term debt to affiliates2.33 %2.09 %1.04 %
Maximum month-end level of short-term debt during the year$7,087  $14,216  $8,377  
Long-term debt to affiliates9,292  7,523  270  
Average interest rate on long-term debt to affiliates3.17 %2.69 %0.23 %
Maximum month-end level of long-term debt during the year$13,391  $8,725  270  
Due to affiliates2,133  2,869  1,988  
Maximum month-end level of loans to affiliates during the year14,264  14,136  14,527  
Interest income from affiliates and other332  383  279  
Interest expense to affiliates433  225  58  
Other, net expense2  2  2  
Interest paid on short-term and long-term debt$421  $198  $54  
Components of loans to affiliates
The components of loans to affiliates and other as of December 31 were as follows:

(Millions)20192018
American Express Services Europe Limited$4,206  $3,552  
American Express Australia Limited2,052  1,839  
Amex Bank of Canada1,587  1,334  
Amex Global Holdings C.V.888  888  
American Express Company (Mexico) S.A. de C.V.534  463  
American Express International, Inc., Singapore Branch413  383  
American Express Bank (Mexico) S.A.404  348  
Alpha Card S.C.R.L./C.V.B.A.120  114  
American Express Saudi Arabia (C) JSC71  53  
American Express International (NZ), Inc.70  72  
American Express Limited(a)
—  3,847  
American Express International, Inc.(a)
—  1,243  
Total(b)
$10,345  $14,136  
(a)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 second quarter of 2019.
(b)As of December 31, 2019 and 2018, approximately $8.2 billion and $7.2 billion, respectively, were collateralized by the underlying Card Member receivables and loans transferred with recourse.
Components of short-term debt to affiliates
Short-term debt to affiliates consists primarily of interest-bearing master notes payable on demand. Credco does not expect any changes to its short-term funding strategies with affiliates. Components of short-term debt to affiliates as of December 31 were as follows:

(Millions)20192018
AE Exposure Management Limited$5,731  $5,122  
American Express Europe LLC219  517  
American Express Holdings Netherlands CV192  192  
Accertify Inc.82  68  
American Express Swiss Holdings GmbH1  —  
Total$6,225  $5,899  
Components of long-term debt to affiliates Components of long-term debt to affiliates as of December 31 were as follows:
 20192018
  
Outstanding
Balance		Year-End Stated
Interest Rate on
Debt		 
Outstanding
 Balance		Year-End Stated
Interest Rate on
Debt
 
(Millions, except percentages)
American Express Company(a)
$8,959  2.85 %$7,240  3.32 %
Amex Funding Management (Europe) Limited(b)
333  0.28  283  0.28  
Total$9,292  2.76 %$7,523  3.20 %

(a)Amounts payable by November 2023.
(b)Amounts payable by September 2021.