Consolidated Statements of Cash Flows - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019
Cash Flows from Operating Activities
Net income		$ 130	$ 325
Adjustments to reconcile net income to net cash provided by operating activities:
Provisions for credit losses		264	170
Amortization of underwriting expense		10	15
Deferred taxes		(31)	12
Changes in operating assets and liabilities:
Interest, taxes and other amounts due to/from affiliates		(11)	37
Other operating assets and liabilities		428	484
Net cash provided by operating activities		790	1,043
Cash Flows from Investing Activities
Net decrease (increase) in Card Member receivables and Card Member loans	[1]	9,081	(666)
Net decrease (increase) in loans to affiliates and other	[1],[2]	48	(304)
Net increase (decrease) in due to/from affiliates		1,854	(155)
Net cash provided by (used in) investing activities		10,983	(1,125)
Cash Flows from Financing Activities
Net decrease in short-term debt		(3,216)	(793)
Net increase in short-term debt to affiliates		2,344	305
Principal payments of long-term debt		(6,600)	(7,150)
Proceeds from long-term debt to affiliates		8,006	26,964
Principal payments of long-term debt to affiliates	[1],[2]	(11,320)	(19,313)
Net cash (used in) provided by financing activities		(10,786)	13
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash		(3)	3
Net increase (decrease) in cash, cash equivalents and restricted cash		984	(66)
Cash, cash equivalents and restricted cash at beginning of period		149	195
Cash, cash equivalents and restricted cash at end of period		$ 1,133	$ 129

[1] Primarily driven by removal of U.S. Consumer and Small Business Card Member receivables from the American Express Issuance Trust II (the Charge Trust) and replacement of the same with U.S. Corporate Card Member receivables by American Express Travel Related Services Company, Inc. (TRS) during the three months ended March 31, 2020. To effect this change, on January 7, 2020, Credco sold $5.2 billion of U.S. Corporate Card Member receivables to TRS. Settlement of this transaction was undertaken through borrowings from American Express Company.

[2] 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.