← Filings of AXP
Tables in the 10-K of AMERICAN EXPRESS CO
108 tables with numbers, filed Feb 11, 2022. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
| Form 10-K Item Number | | Page |
| PART I | |
| 1. | Business | 1 |
| Competition | 9 |
| Supervision and Regulation | 11 |
| Additional Information | 21 |
| 1A. | Risk Factors | 22 |
| 1B. | Unresolved Staff Comments | 37 |
First 8 of 44 rows. The CSV has all of them.
Table 2 after “Set forth below, in alphabetical order, is a list of our executive officers as of February 11, 2022, including each executive officer’s prin”
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| DOUGLAS E. BUCKMINSTER — | Vice Chairman and Group President, Global Consumer Services Group |
| Mr. Buckminster (61) has been Vice Chairman since April 2021 and Group President, Global Consumer Services Group since February 2018. Prior thereto, he had been President, Global Consumer Services Group since October 2015. | |
| JEFFREY C. CAMPBELL — | Vice Chairman and Chief Financial Officer |
| Mr. Campbell (61) has been Vice Chairman since April 2021 and Chief Financial Officer since August 2013. | |
| MONIQUE HERENA — | Chief Colleague Experience Officer |
| Ms. Herena (50) has been Chief Colleague Experience Officer since April 2019. Ms. Herena joined American Express from BNY Mellon, where she served as the Chief Human Resources Officer and Senior Executive Vice President, Human Resources, Marketing and Communications since 2014. | |
| RAYMOND JOABAR — | Group President, Global Merchant and Network Services |
| Mr. Joabar (56) has been Group President, Global Merchant and Network Services since April 2021. Prior thereto, he had been President, Global Risk and Compliance and Chief Risk Officer since September 2019. He also served as President of International Consumer Services and Global Travel and Lifestyle Services from February 2018 to September 2019 and as Executive Vice President, Global Servicing Network from February 2016 to February 2018. | |
First 8 of 20 rows. The CSV has all of them.
Table 3 after “The following graph compares the cumulative total shareholder return on our common shares with the total return on the S&P 500 Index and the”
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| Year-end Data | 2016 | 2017 | | 2018 | 2019 | 2020 | | 2021 | | |
| American Express | $100.00 | | $136.20 | | $132.62 | | $175.75 | | $173.73 | $237.81 |
| S&P 500 Index | $100.00 | | $121.82 | | $116.47 | | $153.13 | | $181.29 | $233.28 |
| S&P Financial Index | $100.00 | | $122.14 | | $106.21 | | $140.30 | | $137.83 | $185.90 |
Table 4 after “The table below sets forth the information with respect to purchases of our common stock made by or on behalf of us during the quarter ended”
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| Total Number of Shares Purchased | Average Price Paid Per Share | | Total Number of SharesPurchased as Part ofPublicly Announced Plansor Programs(c) | Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs | | |
| October 1-31, 2021 | | | | | | | |
| Repurchase program(a) | 10,756,494 | | $178.35 | | 10,756,494 | | 62,662,993 |
| Employee transactions(b) | 40 | | $171.95 | | N/A | N/A | |
| November 1-30, 2021 | | | | | | | |
| Repurchase program(a) | 1,908,965 | | $170.90 | | 1,908,965 | | 60,754,028 |
| Employee transactions(b) | 24,224 | | $173.78 | | N/A | N/A | |
| December 1-31, 2021 | | | | | | | |
First 8 of 13 rows. The CSV has all of them.
Table 5 after “TABLE 1: SUMMARY OF FINANCIAL PERFORMANCE”
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| Years Ended December 31, | | | | | Change | Change | | | | | | |
| (Millions, except percentages and per share amounts) | 2021 | 2020 | | 2019 | 2021 vs. 2020 | 2020 vs. 2019 | | | | | | |
| Total revenues net of interest expense | $42,380 | | $36,087 | | $43,556 | | $6,293 | 17% | | $(7,469) | | (17)% |
| Provisions for credit losses (a) | (1,419) | | 4,730 | | 3,573 | | (6,149) | # | 1,157 | | 32 | |
| Expenses | 33,110 | | 27,061 | | 31,554 | | 6,049 | 22 | | (4,493) | | (14) |
| Pretax income | 10,689 | | 4,296 | | 8,429 | | 6,393 | # | (4,133) | | (49) | |
| Income tax provision | 2,629 | | 1,161 | | 1,670 | | 1,468 | # | (509) | | (30) | |
| Net income | 8,060 | | 3,135 | | 6,759 | | 4,925 | # | (3,624) | | (54) | |
First 8 of 11 rows. The CSV has all of them.
Table 6 after “TABLE 2: TOTAL REVENUES NET OF INTEREST EXPENSE SUMMARY”
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| Years Ended December 31, | | | | | Change | Change | | | | |
| (Millions, except percentages) | 2021 | 2020 | | 2019 | 2021 vs. 2020 | 2020 vs. 2019 | | | | |
| Discount revenue | $25,727 | | $20,401 | | $26,167 | | $5,326 | 26% | $(5,766) | (22)% |
| Net card fees (a) | 5,195 | | 4,664 | | 4,042 | | 531 | 11 | 622 | 15 |
| Other fees and commissions | 2,392 | | 2,163 | | 3,297 | | 229 | 11 | (1,134) | (34) |
| Other | 1,316 | | 874 | | 1,430 | | 442 | 51 | (556) | (39) |
| Total non-interest revenues | 34,630 | | 28,102 | | 34,936 | | 6,528 | 23 | (6,834) | (20) |
| Total interest income | 9,033 | | 10,083 | | 12,084 | | (1,050) | (10) | (2,001) | (17) |
First 8 of 11 rows. The CSV has all of them.
Table 7 after “TABLE 3: PROVISIONS FOR CREDIT LOSSES SUMMARY”
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| Years Ended December 31, | | | | | Change | Change | | | | | | |
| (Millions, except percentages) | 2021 | 2020 | | 2019 | 2021 vs. 2020 | 2020 vs. 2019 | | | | | | |
| Card Member receivables | | | | | | | | | | | | |
| Net write-offs | $129 | | $881 | | $900 | | $(752) | (85)% | | $(19) | | (2)% |
| Reserve (release) build (a) | (202) | | 134 | | 63 | | (336) | # | 71 | | # | |
| Total | (73) | | 1,015 | | 963 | | (1,088) | # | 52 | | 5 | |
| Card Member loans | | | | | | | | | | | | |
| Net write-offs | 879 | | 2,170 | | 2,235 | | (1,291) | (59) | | (65) | | (3) |
First 8 of 17 rows. The CSV has all of them.
| Years Ended December 31, | | | | | Change | Change | | | | |
| (Millions, except percentages) | 2021 | 2020 | | 2019 | 2021 vs. 2020 | 2020 vs. 2019 | | | | |
| Marketing and business development | $9,053 | | $6,747 | | $7,125 | | $2,306 | 34% | $(378) | (5)% |
| Card Member rewards | 11,007 | | 8,041 | | 10,439 | | 2,966 | 37 | (2,398) | (23) |
| Card Member services | 1,993 | | 1,230 | | 2,223 | | 763 | 62 | (993) | (45) |
| Total marketing, business development, and Card Member rewards and services | 22,053 | | 16,018 | | 19,787 | | 6,035 | 38 | (3,769) | (19) |
| Salaries and employee benefits | 6,240 | | 5,718 | | 5,911 | | 522 | 9 | (193) | (3) |
| Other, net | 4,817 | | 5,325 | | 5,856 | | (508) | (10) | (531) | (9) |
First 8 of 9 rows. The CSV has all of them.
Table 9 after “TABLE 5: SELECTED CARD-RELATED STATISTICAL INFORMATION”
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| | | | | Change | Change | | |
| Years Ended December 31, | 2021 | 2020 | | 2019 | 2021 vs. 2020 | 2020 vs. 2019 | | |
| Network volumes: (billions) | | | | | | | | |
| U.S. | $897.0 | | $708.1 | | $840.7 | | 27% | (16)% |
| Outside the U.S. | 387.2 | | 329.7 | | 425.0 | | 17 | (22) |
| Total | $1,284.2 | | $1,037.8 | | $1,265.7 | | 24 | (18) |
| Billed business | $1,089.8 | | $870.7 | | $1,070.5 | | 25 | (19) |
| Processed volumes | 194.4 | | 167.1 | | 195.2 | | 16 | (14) |
First 8 of 26 rows. The CSV has all of them.
Table 10 after “TABLE 6: NETWORK VOLUMES-RELATED STATISTICAL INFORMATION”
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| 2021 | 2020 | | | | | |
| Year over Year Percentage Increase (Decrease) | Percentage Increase (Decrease) Assuming No Changes in FX Rates(a) | | Year over Year Percentage Increase (Decrease) | | Percentage Increase (Decrease)Assuming No Changes in FX Rates(a) | |
| Worldwide | | | | | | | |
| Network volumes | 24% | | 23% | | | (18)% | (19)% |
| Total billed business | 25 | | 24 | | | (19) | (19) |
| Consumer billed business | 29 | | 28 | | | (17) | (18) |
| Commercial billed business | 21 | | 20 | | | (21) | (21) |
| Processed volumes | 16 | | 14 | | | (14) | (15) |
First 8 of 30 rows. The CSV has all of them.
Table 11 after “TABLE 7: SELECTED CREDIT-RELATED STATISTICAL INFORMATION”
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| As of or for the Years Ended December 31, | | | | | Change | Change | | | |
| (Millions, except percentages and where indicated) | 2021 | 2020 | | 2019 | 2021 vs. 2020 | 2020 vs. 2019 | | | |
| Worldwide Card Member loans | | | | | | | | | |
| Card Member loans: (billions) | | | | | | | | | |
| U.S. | $76.9 | | $64.2 | | $76.0 | | 20% | | (16)% |
| Outside the U.S. | 11.7 | | 9.2 | | 11.4 | | 27 | | (19) |
| Total | $88.6 | | $73.4 | | $87.4 | | 21 | | (16) |
| Credit loss reserves: | | | | | | | | | |
First 8 of 33 rows. The CSV has all of them.
Table 12 after “TABLE 8: NET INTEREST YIELD ON AVERAGE CARD MEMBER LOANS”
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| Years Ended December 31, | | | | | |
| (Millions, except percentages and where indicated) | 2021 | 2020 | | 2019 | |
| Net interest income | $7,750 | | $7,985 | | $8,620 |
| Exclude: | | | | | |
| Interest expense not attributable to our Card Member loan portfolio (a) | 738 | | 1,295 | | 1,833 |
| Interest income not attributable to our Card Member loan portfolio (b) | (379) | | (668) | | (1,227) |
| Adjusted net interest income (c) | $8,109 | | $8,612 | | $9,226 |
| Average Card Member loans (billions) | $76.0 | | $74.6 | | $82.8 |
First 8 of 10 rows. The CSV has all of them.
Table 13 after “TABLE 9: GCSG SELECTED INCOME STATEMENT DATA”
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| Years Ended December 31, | | | | | Change | Change | | | | | | |
| (Millions, except percentages) | 2021 | 2020 | | 2019 | 2021 vs. 2020 | 2020 vs. 2019 | | | | | | |
| Revenues | | | | | | | | | | | | |
| Non-interest revenues | $18,157 | | $14,632 | | $17,178 | | $3,525 | 24% | | $(2,546) | | (15)% |
| Interest income | 7,391 | | 8,199 | | 9,414 | | (808) | (10) | | (1,215) | | (13) |
| Interest expense | 717 | | 1,054 | | 1,731 | | (337) | (32) | | (677) | | (39) |
| Net interest income | 6,674 | | 7,145 | | 7,683 | | (471) | (7) | | (538) | | (7) |
| Total revenues net of interest expense | 24,831 | | 21,777 | | 24,861 | | 3,054 | 14 | | (3,084) | | (12) |
First 8 of 15 rows. The CSV has all of them.
Table 14 after “TABLE 10: GCSG SELECTED STATISTICAL INFORMATION”
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| As of or for the Years Ended December 31, | | | | | Change | Change | | |
| (Millions, except percentages and where indicated) | 2021 | 2020 | | 2019 | 2021 vs. 2020 | 2020 vs. 2019 | | |
| Billed business: (billions) | | | | | | | | |
| U.S. | $444.2 | | $337.6 | | $398.8 | | 32% | (15)% |
| Outside the U.S. | 148.9 | | 121.1 | | 154.0 | | 23 | (21) |
| Total | $593.1 | | $458.7 | | $552.8 | | 29 | (17) |
| Proprietary cards-in-force: | | | | | | | | |
| U.S. | 39.0 | | 37.7 | | 37.9 | | 3 | (1) |
First 8 of 40 rows. The CSV has all of them.
| | | | | Change | Change | | |
| (Millions, except percentages and where indicated) | 2021 | 2020 | | 2019 | 2021 vs. 2020 | 2020 vs. 2019 | | |
| Card Member receivables: (billions) | | | | | | | | |
| U.S. | $14.7 | | $11.9 | | $14.2 | | 24% | (16)% |
| Outside the U.S. | 7.7 | | 6.8 | | 8.6 | | 13 | (21) |
| Total | $22.4 | | $18.7 | | $22.8 | | 20% | (18)% |
| U.S. | | | | | | | | |
| Net write-off rate — principal only (a) | —% | | 1.3% | | 1.4% | | | |
First 8 of 18 rows. The CSV has all of them.
Table 16 after “TABLE 11: GCSG NET INTEREST YIELD ON AVERAGE CARD MEMBER LOANS”
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| As of or for the Years Ended December 31, | | | | | |
| (Millions, except percentages and where indicated) | 2021 | 2020 | | 2019 | |
| U.S. | | | | | |
| Net interest income | $5,933 | | $6,222 | | $6,660 |
| Exclude: | | | | | |
| Interest expense not attributable to our Card Member loan portfolio(a) | 158 | | 288 | | 276 |
| Interest income not attributable to our Card Member loan portfolio(b) | (110) | | (189) | | (220) |
| Adjusted net interest income(c) | $5,981 | | $6,321 | | $6,716 |
First 8 of 29 rows. The CSV has all of them.
Table 17 after “TABLE 12: GCS SELECTED INCOME STATEMENT DATA”
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| Years Ended December 31, | | | | | Change | Change | | | | | | |
| (Millions, except percentages) | 2021 | 2020 | | 2019 | 2021 vs. 2020 | 2020 vs. 2019 | | | | | | |
| Revenues | | | | | | | | | | | | |
| Non-interest revenues | $11,489 | | $9,652 | | $12,242 | | $1,837 | 19% | | $(2,590) | | (21)% |
| Interest income | 1,460 | | 1,586 | | 1,900 | | (126) | (8) | | (314) | | (17) |
| Interest expense | 449 | | 619 | | 1,034 | | (170) | (27) | | (415) | | (40) |
| Net interest income | 1,011 | | 967 | | 866 | | 44 | 5 | | 101 | | 12 |
| Total revenues net of interest expense | 12,500 | | 10,619 | | 13,108 | | 1,881 | 18 | | (2,489) | | (19) |
First 8 of 15 rows. The CSV has all of them.
Table 18 after “TABLE 13: GCS SELECTED STATISTICAL INFORMATION”
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| As of or for the Years Ended December 31, | | | | | Change | Change | | |
| (Millions, except percentages and where indicated) | 2021 | 2020 | | 2019 | 2021 vs. 2020 | 2020 vs. 2019 | | |
| Billed business (billions) | $490.9 | | $406.5 | | $513.3 | | 21% | (21)% |
| Proprietary cards-in-force | 15.4 | | 14.5 | | 14.9 | | 6 | (3) |
| Average Card Member spending (dollars) | $33,055 | | $27,769 | | $34,905 | | 19 | (20) |
| Total segment assets (billions) | $52.9 | | $42.1 | | $52.8 | | 26 | (20) |
| GSBS Card Member loans: | | | | | | | | |
| Total loans (billions) | $18.0 | | $13.2 | | $14.1 | | 36 | (6) |
First 8 of 33 rows. The CSV has all of them.
Table 19 after “TABLE 14: GMNS SELECTED INCOME STATEMENT AND OTHER DATA”
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| Years Ended December 31, | | | | | Change | Change | | | | | | |
| (Millions, except percentages and where indicated) | 2021 | 2020 | | 2019 | 2021 vs. 2020 | 2020 vs. 2019 | | | | | | |
| Revenues | | | | | | | | | | | | |
| Non-interest revenues | $4,964 | | $4,143 | | $5,428 | | $821 | 20% | | $(1,285) | | (24)% |
| Interest income | 16 | | 18 | | 27 | | (2) | (11) | | (9) | | (33) |
| Interest expense | (92) | | (82) | | (303) | | (10) | 12 | | 221 | | (73) |
| Net interest income | 108 | | 100 | | 330 | | 8 | 8 | | (230) | | (70) |
| Total revenues net of interest expense | 5,072 | | 4,243 | | 5,758 | | 829 | 20 | | (1,515) | | (26) |
First 8 of 16 rows. The CSV has all of them.
Table 20 after “TABLE 15: REGULATORY RISK-BASED CAPITAL AND LEVERAGE RATIOS”
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| Effective Minimum (a) | Ratios as of December 31, 2021 |
| Risk-Based Capital | | |
| Common Equity Tier 1 | 7.0% | |
| American Express Company | | 10.5% |
| American Express National Bank | | 11.8 |
| Tier 1 | 8.5 | |
| American Express Company | | 11.5 |
| American Express National Bank | | 11.8 |
First 8 of 14 rows. The CSV has all of them.
Table 21 after “TABLE 16: REGULATORY RISK-BASED CAPITAL COMPONENTS AND RISK-WEIGHTED ASSETS”
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| American Express Company($ in Billions) | December 31, 2021 |
| Risk-Based Capital | |
| Common Equity Tier 1 | $17.6 |
| Tier 1 Capital | 19.2 |
| Tier 2 Capital | 2.3 |
| Total Capital | 21.5 |
| Risk-Weighted Assets | 166.5 |
| Average Total Assets to calculate the Tier 1 Leverage Ratio | $183.5 |
Table 22 after “TABLE 17: SUMMARY OF CUSTOMER DEPOSITS AND CONSOLIDATED DEBT”
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| (Billions) | 2021 | 2020 | |
| Customer deposits | $84.4 | | $86.9 |
| Short-term borrowings | 2.2 | | 1.9 |
| Long-term debt | 38.7 | | 43.0 |
| Total debt and customer deposits | $125.3 | | $131.8 |
Table 23 after “TABLE 18: UNSECURED DEBT RATINGS”
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| Credit Agency | American Express Entity | Short-Term Ratings | Long-Term Ratings | Outlook |
| Fitch | American Express Credit Corporation | N/A | A | Stable |
| Fitch | All other rated entities | F1 | A | Stable |
| Moody’s | American Express Travel Related Services Company, Inc. | Prime-1 | A2 | Stable |
| Moody's | American Express Credit Corporation | N/A | A2 | Stable |
| Moody’s | American Express National Bank | Prime-1 | A3 | Stable |
| Moody's | American Express Company | N/A | A2 | Stable |
| S&P | American Express Travel Related Services Company, Inc. | A-2 | A- | Stable |
First 8 of 11 rows. The CSV has all of them.
| (Billions) | 2021 |
| American Express Company: | |
| Fixed Rate Senior Notes (weighted-average coupon rate of 1.27%) | $1.9 |
| Floating Rate Senior Notes (compounded SOFR (a) plus weighted-average spread of 42 basis points) | 1.1 |
| American Express Credit Account Master Trust: | |
| Fixed Rate Class A Certificates (weighted-average coupon of 0.90%) | 2.8 |
| Total | $5.8 |
| (Billions) | 2021 | 2020 | | 2019 | |
| Total cash provided by (used in): | | | | | |
| Operating activities | $14.6 | | $5.6 | | $13.6 |
| Investing activities | (10.5) | | 11.6 | | (16.7) |
| Financing activities | (14.9) | | (9.1) | | (0.5) |
| Effect of foreign currency exchange rates on cash and cash equivalents | (0.1) | | 0.4 | | 0.2 |
| Net (decrease) increase in cash and cash equivalents | $(10.9) | | $8.5 | | $(3.4) |
Table 26 after “INDEX TO CONSOLIDATED FINANCIAL STATEMENTS”
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| CONSOLIDATED FINANCIAL STATEMENTS | PAGE |
| Consolidated Statements of Income – For the Years Ended December 31, 2021, 2020 and 2019 | 92 |
| Consolidated Statements of Comprehensive Income – For the Years Ended December 31, 2021, 2020 and 2019 | 93 |
| Consolidated Balance Sheets – December 31, 2021 and 2020 | 94 |
| Consolidated Statements of Cash Flows – For the Years Ended December 31, 2021, 2020 and 2019 | 95 |
| Consolidated Statements of Shareholders’ Equity – For the Years Ended December 31, 2021, 2020 and 2020 | 96 |
| NOTES TO CONSOLIDATED FINANCIAL STATEMENTS | 97 |
| Note 1 – Summary of Significant Accounting Policies | 97 |
First 8 of 32 rows. The CSV has all of them.
Table 27 after “CONSOLIDATED STATEMENTS OF INCOME”
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| Year Ended December 31 (Millions, except per share amounts) | 2021 | 2020 | | 2019 | |
| Revenues | | | | | |
| Non-interest revenues | | | | | |
| Discount revenue | $25,727 | | $20,401 | | $26,167 |
| Net card fees | 5,195 | | 4,664 | | 4,042 |
| Other fees and commissions | 2,392 | | 2,163 | | 3,297 |
| Other | 1,316 | | 874 | | 1,430 |
| Total non-interest revenues | 34,630 | | 28,102 | | 34,936 |
First 8 of 41 rows. The CSV has all of them.
Table 28 after “CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME”
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| Year Ended December 31 (Millions) | 2021 | 2020 | | 2019 | |
| Net income | $8,060 | | $3,135 | | $6,759 |
| Other comprehensive (loss) income: | | | | | |
| Net unrealized debt securities gains (losses), net of tax | (42) | | 32 | | 41 |
| Foreign currency translation adjustments, net of tax | (163) | | (40) | | (56) |
| Net unrealized pension and other postretirement benefits, net of tax | 155 | | (150) | | (125) |
| Other comprehensive (loss) income | (50) | | (158) | | (140) |
| Comprehensive income | $8,010 | | $2,977 | | $6,619 |
| December 31 (Millions, except share data) | 2021 | 2020 | |
| Assets | | | |
| Cash and cash equivalents | | | |
| Cash and due from banks (includes restricted cash of consolidated variable interest entities: 2021, $11; 2020, nil) | $1,292 | | $2,984 |
| Interest-bearing deposits in other banks (includes securities purchased under resale agreements: 2021, $463; 2020, $92) | 20,548 | | 29,824 |
| Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2021, $32; 2020, $47) | 188 | | 157 |
| Total cash and cash equivalents | 22,028 | | 32,965 |
| Card Member receivables (includes gross receivables available to settle obligations of a consolidated variable interest entity: 2021, $5,175; 2020, $4,296), less reserves for credit losses: 2021, $64; 2020, $267 | 53,581 | | 43,434 |
First 8 of 35 rows. The CSV has all of them.
Table 30 after “CONSOLIDATED STATEMENTS OF CASH FLOWS”
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| Years Ended December 31 (Millions) | 2021 | 2020 | | 2019 | |
| Cash Flows from Operating Activities | | | | | |
| Net income | $8,060 | | $3,135 | | $6,759 |
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | | |
| Provisions for credit losses | (1,419) | | 4,730 | | 3,573 |
| Depreciation and amortization | 1,695 | | 1,543 | | 1,188 |
| Stock-based compensation | 330 | | 249 | | 283 |
| Deferred taxes | 294 | | (939) | | (151) |
First 8 of 37 rows. The CSV has all of them.
Table 31 after “Supplemental cash flow information”
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| Cash and cash equivalents reconciliation | 2021 | 2020 | | 2019 | |
| Cash and cash equivalents per Consolidated Balance Sheets | $22,028 | | $32,965 | | $24,446 |
| Restricted balances included in Cash and cash equivalents | 525 | | 606 | | 514 |
| Total cash and cash equivalents, excluding restricted balances | $21,503 | | $32,359 | | $23,932 |
Table 32 after “CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY”
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| (Millions, except per share amounts) | Total | Preferred Shares | | Common Shares | Additional Paid-in Capital | Accumulated Other Comprehensive Income (Loss) | | Retained Earnings | | |
| Balances as of December 31, 2018 | $22,290 | | $— | | $170 | | $12,218 | | $(2,597) | $12,499 |
| Net income | 6,759 | | — | | — | | — | | — | 6,759 |
| Other comprehensive loss | (140) | | — | | — | | — | | (140) | — |
| Repurchase of common shares | (4,585) | | — | | (8) | | (671) | | — | (3,906) |
| Other changes, primarily employee plans | 186 | | — | | 1 | | 227 | | — | (42) |
| Cash dividends declared preferred Series B, $52,000.00 per share | (39) | | — | | — | | — | | — | (39) |
| Cash dividends declared preferred Series C, $49,000.00 per share | (42) | | — | | — | | — | | — | (42) |
First 8 of 30 rows. The CSV has all of them.
Table 33 after “The following table identifies our other significant accounting policies, along with the related Note.”
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| Significant Accounting Policy | Note Number | Note Title |
| Loans and Card Member Receivables | Note 2 | Loans and Card Member Receivables |
| Reserves for Credit Losses | Note 3 | Reserves for Credit Losses |
| Investment Securities | Note 4 | Investment Securities |
| Asset Securitizations | Note 5 | Asset Securitizations |
| Legal Contingencies | Note 12 | Contingencies and Commitments |
| Derivative Financial Instruments and Hedging Activities | Note 13 | Derivatives and Hedging Activities |
| Fair Value Measurements | Note 14 | Fair Values |
First 8 of 10 rows. The CSV has all of them.
Table 34 after “Card Member loans by segment and Other loans as of December 31, 2021 and 2020 consisted of:”
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| (Millions) | 2021 | 2020 | |
| Global Consumer Services Group (a) | $70,467 | | $60,084 |
| Global Commercial Services | 18,095 | | 13,289 |
| Card Member loans | 88,562 | | 73,373 |
| Less: Reserves for credit losses | 3,305 | | 5,344 |
| Card Member loans, net | $85,257 | | $68,029 |
| Other loans, net (b) | $2,859 | | $2,614 |
Table 35 after “Card Member receivables by segment as of December 31, 2021 and 2020 consisted of:”
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| (Millions) | 2021 | 2020 | |
| Global Consumer Services Group | $22,392 | | $18,685 |
| Global Commercial Services (a) | 31,253 | | 25,016 |
| Card Member receivables | 53,645 | | 43,701 |
| Less: Reserves for credit losses | 64 | | 267 |
| Card Member receivables, net | $53,581 | | $43,434 |
Table 36 after “The following table presents the aging of Card Member loans and receivables as of December 31, 2021 and 2020:”
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| 2021 (Millions) | Current | 30-59 Days Past Due | | 60-89 Days Past Due | 90+ Days Past Due | Total | | |
| Card Member Loans: | | | | | | | | |
| Global Consumer Services Group | $69,960 | | $158 | | $112 | | $237 | $70,467 |
| Global Commercial Services | | | | | | | | |
| Global Small Business Services | 17,950 | | 34 | | 19 | | 37 | 18,040 |
| Global Corporate Payments (a) | (b) | (b) | | (b) | — | | 55 | |
| Card Member Receivables: | | | | | | | | |
| Global Consumer Services Group | 22,279 | | 41 | | 24 | | 48 | 22,392 |
First 8 of 11 rows. The CSV has all of them.
Table 37 after “The following table presents the aging of Card Member loans and receivables as of December 31, 2021 and 2020:”
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| 2020 (Millions) | Current | 30-59 Days Past Due | | 60-89 Days Past Due | 90+ Days Past Due | Total | | |
| Card Member Loans: | | | | | | | | |
| Global Consumer Services Group | $59,442 | | $177 | | $148 | | $317 | $60,084 |
| Global Commercial Services | | | | | | | | |
| Global Small Business Services | 13,132 | | 27 | | 20 | | 47 | 13,226 |
| Global Corporate Payments (a) | (b) | (b) | | (b) | — | | 63 | |
| Card Member Receivables: | | | | | | | | |
| Global Consumer Services Group | 18,570 | | 33 | | 26 | | 56 | 18,685 |
First 8 of 11 rows. The CSV has all of them.
Table 38 after “The following tables present the key credit quality indicators as of or for the years ended December 31:”
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| 2021 | 2020 | | | | | | | | | | |
| Net Write-Off Rate | | | Net Write-Off Rate | | | | | | | | |
| PrincipalOnly (a) | Principal,Interest &Fees (a) | | 30+ Days Past Due as a % of Total | | PrincipalOnly (a) | | Principal,Interest &Fees (a) | | 30+ Days Past Due as a % of Total | | |
| Card Member Loans: | | | | | | | | | | | | |
| Global Consumer Services Group | 0.9% | | 1.3% | | | 0.7% | | | 2.5% | | 3.0% | 1.1% |
| Global Small Business Services | 0.6% | | 0.8% | | | 0.5% | | | 2.1% | | 2.4% | 0.7% |
| Card Member Receivables: | | | | | | | | | | | | |
| Global Consumer Services Group | 0.3% | | 0.4% | | | 0.5% | | | 1.7% | | 1.9% | 0.6% |
First 8 of 10 rows. The CSV has all of them.
Table 39 after “The following tables provide additional information with respect to our impaired loans and receivables as of December 31, 2021, 2020 and 201”
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| As of December 31, 2021 | | | | | | | | | |
| | | | Accounts Classifiedas a TDR (c) | | | | | | |
| 2021 (Millions) | Over 90 days Past Due & Accruing Interest (a) | Non-Accruals (b) | | In Program (d) | Out of Program(e) | Total Impaired Balance | | Reserve for Credit Losses - TDRs | | |
| Card Member Loans: | | | | | | | | | | |
| Global Consumer Services Group | $149 | | $82 | | $708 | | $997 | | $1,936 | $415 |
| Global Commercial Services | 19 | | 14 | | 176 | | 332 | | 541 | 132 |
| Card Member Receivables: | | | | | | | | | | |
| Global Consumer Services Group | — | | — | | 133 | | 130 | | 263 | 9 |
First 8 of 11 rows. The CSV has all of them.
Table 40 after “The following tables provide additional information with respect to our impaired loans and receivables as of December 31, 2021, 2020 and 201”
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| As of December 31, 2020 | | | | | | | | | |
| | | | Accounts Classifiedas a TDR (c) | | | | | | |
| 2020 (Millions) | Over 90 days Past Due & Accruing Interest (a) | Non-Accruals (b) | | In Program (d) | Out of Program(e) | Total Impaired Balance | | Reserve for Credit Losses - TDRs | | |
| Card Member Loans: | | | | | | | | | | |
| Global Consumer Services Group | $203 | | $146 | | $1,586 | | $248 | | $2,183 | $782 |
| Global Commercial Services | 21 | | 29 | | 478 | | 67 | | 595 | 285 |
| Card Member Receivables: | | | | | | | | | | |
| Global Consumer Services Group | — | | — | | 240 | | 34 | | 274 | 60 |
First 8 of 11 rows. The CSV has all of them.
Table 41 after “The following tables provide additional information with respect to our impaired loans and receivables as of December 31, 2021, 2020 and 201”
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| As of December 31, 2019 | | | | | | | | | |
| | | | Accounts Classifiedas a TDR (c) | | | | | | |
| 2019 (Millions) | Over 90 days Past Due & Accruing Interest (a) | Non-Accruals (b) | | In Program (d) | Out of Program(e) | Total Impaired Balance | | Reserve for Credit Losses - TDRs | | |
| Card Member Loans: | | | | | | | | | | |
| Global Consumer Services Group | $384 | | $284 | | $500 | | $175 | | $1,343 | $137 |
| Global Commercial Services | 44 | | 54 | | 97 | | 38 | | 233 | 22 |
| Card Member Receivables: | | | | | | | | | | |
| Global Consumer Services Group | — | | — | | 56 | | 16 | | 72 | 3 |
First 8 of 10 rows. The CSV has all of them.
Table 42 after “The following tables provide additional information with respect to loans and receivables that were modified as TDRs during the years ended ”
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| 2021 | Number of Accounts (thousands) | Account Balances(millions) (a) | | Average Interest Rate Reduction (% points) | Average Payment Term Extensions (# of months) | | |
| Troubled Debt Restructurings: | | | | | | | |
| Card Member Loans | 112 | | $789 | | 13 | | (b) |
| Card Member Receivables | 21 | | 437 | | (c) | 18 | |
| Other Loans (d) | 4 | | $13 | | 3 | | 16 |
| Total | 137 | | $1,239 | | | | |
Table 43 after “The following tables provide additional information with respect to loans and receivables that were modified as TDRs during the years ended ”
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| 2020 | Number of Accounts (thousands) | Account Balances(millions) (a) | | Average Interest Rate Reduction (% points) | Average Payment Term Extensions (# of months) | | |
| Troubled Debt Restructurings: | | | | | | | |
| Card Member Loans | 272 | | $2,347 | | 14 | | (b) |
| Card Member Receivables | 47 | | 1,202 | | (c) | 19 | |
| Other Loans (d) | 9 | | $345 | | 3 | | 16 |
| Total | 328 | | $3,894 | | | | |
Table 44 after “The following tables provide additional information with respect to loans and receivables that were modified as TDRs during the years ended ”
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| 2019 | Number of Accounts (thousands) | Account Balances(millions) (a) | | Average Interest Rate Reduction (% points) | Average Payment Term Extensions (# of months) | | |
| Troubled Debt Restructurings: | | | | | | | |
| Card Member Loans | 78 | | $602 | | 13 | | (b) |
| Card Member Receivables | 9 | | 210 | | (c) | 26 | |
| Total | 87 | | $812 | | | | |
Table 45 after “The following tables provide information with respect to loans and receivables modified as TDRs that subsequently defaulted within twelve mo”
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| 2021 | Number of Accounts (thousands) | Aggregated Outstanding Balances Upon Default(millions) (a) | |
| Troubled Debt Restructurings That Subsequently Defaulted: | | | |
| Card Member Loans | 24 | | $174 |
| Card Member Receivables | 5 | | 56 |
| Other Loans (b) | 3 | | 9 |
| Total | 32 | | $239 |
Table 46 after “The following tables provide information with respect to loans and receivables modified as TDRs that subsequently defaulted within twelve mo”
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| 2020 | Number of Accounts (thousands) | Aggregated Outstanding Balances Upon Default (millions) (a) | |
| Troubled Debt Restructurings That Subsequently Defaulted: | | | |
| Card Member Loans | 17 | | $127 |
| Card Member Receivables | 3 | | 55 |
| Other Loans (b) | 3 | | 6 |
| Total | 23 | | $188 |
Table 47 after “The following tables provide information with respect to loans and receivables modified as TDRs that subsequently defaulted within twelve mo”
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| 2019 | Number of Accounts (thousands) | Aggregated Outstanding Balances Upon Default (millions) (a) | |
| Troubled Debt Restructurings That Subsequently Defaulted: | | | |
| Card Member Loans | 12 | | $86 |
| Card Member Receivables | 4 | | 20 |
| Total | 16 | | $106 |
Table 48 after “The following table reflects the range of macroeconomic scenario key variables used, in conjunction with other inputs, to calculate reserves”
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| U.S. Unemployment Rate | U.S. GDP Growth (Contraction) (a) | | | | | | |
| December 31, 2021 | | December 31, 2020 | | December 31, 2021 | | December 31, 2020 | |
| Fourth quarter of 2021 | 5% | | | 7% - 11% | | 7% | | 6% -(2)% |
| First quarter of 2022 | 4% - 7% | | | 7% - 11% | | 6% - (4)% | | 5% - (2)% |
| Fourth quarter of 2022 | 4% - 9% | | | 6% - 12% | | 2% - 1% | | 4% - 3% |
| Fourth quarter of 2023 | 3% - 7% | | | 4% - 10% | | 4% - 3% | | 5% -3% |
Table 49 after “The following table presents changes in the Card Member loans reserve for credit losses for the years ended December 31:”
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| (Millions) | 2021 | 2020 | | 2019 | |
| Beginning Balance(a) | $5,344 | | $4,027 | | $2,134 |
| Provisions(b) | (1,155) | | 3,453 | | 2,462 |
| Net write-offs (c) | | | | | |
| Principal | (672) | | (1,795) | | (1,860) |
| Interest and fees | (207) | | (375) | | (375) |
| Other(d) | (5) | | 34 | | 22 |
| Ending Balance | $3,305 | | $5,344 | | $2,383 |
Table 50 after “The following table presents changes in the Card Member receivables reserve for credit losses for the years ended December 31:”
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| (Millions) | 2021 | 2020 | | 2019 | |
| Beginning Balance (a) | $267 | | $126 | | $573 |
| Provisions (b) | (73) | | 1,015 | | 963 |
| Net write-offs (c) | (129) | | (881) | | (900) |
| Other (d) | (1) | | 7 | | (17) |
| Ending Balance | $64 | | $267 | | $619 |
Table 51 after “The following is a summary of investment securities as of December 31:”
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| 2021 | 2020 | | | | | | | | | | | |
| Description of Securities (Millions) | Cost | Gross Unrealized Gains | | Gross Unrealized Losses | Estimated Fair Value | Cost | | Gross Unrealized Gains | Gross Unrealized Losses | Estimated Fair Value | | | |
| Available-for-sale debt securities: | | | | | | | | | | | | | |
| State and municipal obligations | $106 | | $5 | | $— | | $111 | | $172 | | $7 | $— | $179 |
| U.S. Government agency obligations | 6 | | — | | — | | 6 | | 7 | | — | — | 7 |
| U.S. Government treasury obligations | 1,680 | | 25 | | (1) | | 1,704 | | 20,655 | | 76 | — | 20,731 |
| Mortgage-backed securities (a) | 17 | | 1 | | — | | 18 | | 28 | | 2 | — | 30 |
| Foreign government bonds and obligations | 630 | | — | | — | | 630 | | 581 | | — | — | 581 |
First 8 of 11 rows. The CSV has all of them.
Table 52 after “available-for-sale debt securities with gross unrealized losses as of December 31, 2020.”
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| 2021 | | | | | |
| Less than 12 months | 12 months or more | | | | |
| Description of Securities (Millions) | Estimated Fair Value | Gross Unrealized Losses | | Estimated Fair Value | Gross Unrealized Losses | |
| U.S. Government treasury obligations | 477 | | (1) | | — | — |
| Total | $477 | | $(1) | | $— | $— |
Table 53 after “available-for-sale debt securities with gross unrealized losses as of December 31, 2020.”
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| Less than 12 months | 12 months or more | Total | | | | | | | | | | |
| Ratio of Fair Value toAmortized Cost (Dollars in millions) | Number of Securities | Estimated Fair Value | Gross Unrealized Losses | | Number of Securities | Estimated Fair Value | Gross Unrealized Losses | Number of Securities | | Estimated Fair Value | Gross Unrealized Losses | | |
| 2021: | | | | | | | | | | | | | |
| 90%–100% | 5 | $477 | | $(1) | | — | $— | | $— | | 5 | $477 | $(1) |
| Total as of December 31, 2021 | 5 | $477 | | $(1) | | — | $— | | $— | | 5 | $477 | $(1) |
Table 54 after “Weighted average yields and contractual maturities for investment securities with stated maturities as of December 31, 2021 were as follows:”
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| (Millions) | Due within 1 year | Due after 1 year but within 5 years | | Due after 5 years but within 10 years | Due after 10 years | Total | | |
| State and municipal obligations (a) | $6 | | $5 | | $30 | | $70 | $111 |
| U.S. Government agency obligations (a) | — | | — | | — | | 6 | 6 |
| U.S. Government treasury obligations | 832 | | 862 | | 10 | | — | 1,704 |
| Mortgage-backed securities (a)(b) | — | | — | | — | | 18 | 18 |
| Foreign government bonds and obligations | 628 | | 1 | | 1 | | — | 630 |
| Other (c) | 11 | | 32 | | — | | — | 43 |
| Total Estimated Fair Value | $1,477 | | $900 | | $41 | | $94 | $2,512 |
First 8 of 10 rows. The CSV has all of them.
Table 55 after “The following is a summary of Other assets as of December 31:”
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| (Millions) | 2021 | 2020 | |
| Goodwill | $3,804 | | $3,852 |
| Other intangible assets, at amortized cost | 201 | | 265 |
| Other (a) | 13,239 | | 13,562 |
| Total | $17,244 | | $17,679 |
Table 56 after “The changes in the carrying amount of goodwill reported in our reportable operating segments were as follows:”
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| (Millions) | GCSG | GCS | | GMNS | Total | |
| Balance as of December 31, 2019 | $1,026 | | $1,781 | | $508 | $3,315 |
| Acquisitions | — | | 442 | | 52 | 494 |
| Dispositions | — | | — | | — | — |
| Other (a) | 32 | | 11 | | — | 43 |
| Balance as of December 31, 2020 | $1,058 | | $2,234 | | $560 | $3,852 |
| Acquisitions | — | | — | | — | — |
| Dispositions | (3) | | — | | — | (3) |
First 8 of 10 rows. The CSV has all of them.
Table 57 after “As of December 31, customer deposits were categorized as interest-bearing or non-interest-bearing as follows:”
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| (Millions) | 2021 | 2020 | |
| U.S.: | | | |
| Interest-bearing | $83,304 | | $85,583 |
| Non-interest-bearing (includes Card Member credit balances of: 2021, $527; 2020, $576) | 553 | | 599 |
| Non-U.S.: | | | |
| Interest-bearing | 18 | | 19 |
| Non-interest-bearing (includes Card Member credit balances of: 2021, $503; 2020, $671) | 507 | | 674 |
| Total customer deposits | $84,382 | | $86,875 |
Table 58 after “Customer deposits by deposit type as of December 31 were as follows:”
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| (Millions) | 2021 | 2020 | |
| Savings and transaction accounts | $66,142 | | $63,512 |
| Certificates of deposit: | | | |
| Direct | 1,415 | | 2,440 |
| Third-party (brokered) | 3,095 | | 5,561 |
| Sweep accounts ―Third-party (brokered) | 12,658 | | 14,070 |
| Other deposits | 42 | | 45 |
| Card Member credit balances | 1,030 | | 1,247 |
First 8 of 9 rows. The CSV has all of them.
Table 59 after “The scheduled maturities of certificates of deposit as of December 31, 2021 were as follows:”
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| (Millions) | Total |
| 2022 | $3,216 |
| 2023 | 777 |
| 2024 | 287 |
| 2025 | 211 |
| 2026 | 19 |
| After 5 years | — |
| Total | $4,510 |
Table 60 after “As of December 31, certificates of deposit in denominations of $250,000 or more, in the aggregate, were as follows:”
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| (Millions) | 2021 | 2020 | |
| U.S. | $521 | | $930 |
| Non-U.S. | 1 | | 1 |
| Total | $522 | | $931 |
Table 61 after “Our short-term borrowings outstanding, defined as borrowings with original contractual maturity dates of less than one year, as of December ”
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| 2021 | 2020 | | | | |
| (Millions, except percentages) | Outstanding Balance | Year-End Stated Interest Rate on Debt (a) | | Outstanding Balance | Year-End Stated Interest Rate on Debt (a) | |
| Commercial paper (b) | $— | | —% | | $— | —% |
| Other short-term borrowings (c) | 2,243 | | 0.58 | | 1,878 | 0.61 |
| Total | $2,243 | | 0.58% | | $1,878 | 0.61% |
Table 62 after “Our long-term debt outstanding, defined as debt with original contractual maturity dates of one year or greater, as of December 31 was as fo”
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| 2021 | 2020 | | | | | | | | | | | |
| (Millions, except percentages) | Original Contractual Maturity Dates | Outstanding Balance(a) | Year-End Interest Rate on Debt(b) | | Year-End Interest Rate with Swaps(b)(c) | Outstanding Balance(a) | | Year-End Interest Rate on Debt(b) | | Year-End Interest Rate with Swaps(b)(c) | | | |
| American Express Company (Parent Company only) | | | | | | | | | | | | | |
| Fixed Rate Senior Notes | 2022 - 2042 | $18,324 | | 3.02% | | 2.03% | | | $18,251 | | | 3.25% | 2.09% |
| Floating Rate Senior Notes | 2022 - 2026 | 3,300 | | 0.69 | | — | | | 4,000 | | | 0.84 | — |
| Fixed Rate Subordinated Notes | 2024 | 599 | | 3.63 | | 1.38 | | | 599 | | | 3.63 | 1.43 |
| American Express Credit Corporation | | | | | | | | | | | | | |
| Fixed Rate Senior Notes | 2022 - 2027 | 2,078 | | 2.80 | | 1.32 | | | 6,746 | | | 2.38 | 1.67 |
First 8 of 21 rows. The CSV has all of them.
Table 63 after “Aggregate annual maturities on long-term debt obligations (based on contractual maturity or anticipated redemption dates) as of December 31,”
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| (Millions) | 2022 | 2023 | | 2024 | 2025 | 2026 | | Thereafter | Total | | |
| American Express Company (Parent Company only) | $5,675 | | $5,750 | | $5,000 | | $750 | | $2,450 | $2,933 | $22,558 |
| American Express Credit Corporation | 2,050 | | — | | — | | — | | — | 339 | 2,389 |
| Lending Trust | 6,381 | | 2,685 | | 2,750 | | — | | — | — | 11,816 |
| Charge Trust | — | | — | | 2,000 | | — | | — | — | 2,000 |
| Other | 77 | | 88 | | 136 | | — | | — | 10 | 311 |
| $14,183 | | $8,523 | | $9,886 | | $750 | | $2,450 | $3,282 | $39,074 |
| Unamortized Underwriting Fees | | | | | | | | | (52) | | |
First 8 of 11 rows. The CSV has all of them.
Table 64 after “The following is a summary of Other liabilities as of December 31:”
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| (Millions) | 2021 | 2020 | |
| Membership Rewards liability | $11,398 | | $9,750 |
| Employee-related liabilities (a) | 2,528 | | 2,336 |
| Deferred card and other fees, net | 2,516 | | 2,282 |
| Card Member rebate and reward accruals (b) | 1,809 | | 1,367 |
| Income tax liability (c) | 1,576 | | 943 |
| Other (d) | 10,670 | | 10,556 |
| Total | $30,497 | | $27,234 |
Table 65 after “The carrying amount of deferred card and other fees, net of deferred direct acquisition costs and reserves for membership cancellations, as ”
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| (Millions) | 2021 | 2020 | |
| Deferred card and other fees (a) | $2,838 | | $2,639 |
| Deferred direct acquisition costs | (169) | | (166) |
| Reserves for membership cancellations | (153) | | (191) |
| Deferred card and other fees, net | $2,516 | | $2,282 |
Table 66 after “A summary of stock option and RSU activity as of December 31, 2021, and corresponding changes during the year, are as follows:”
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| Stock Options | Service-Based RSUs | | Service and Performance-Based RSUs | | | | | | |
| (Shares in thousands) | Shares | Weighted-Average Exercise Price | | Shares | Weighted- Average Grant Price | Shares | | Weighted- Average Grant Price | | |
| Outstanding as of December 31, 2020 | 3,751 | | $83.59 | | 2,078 | | $109.23 | | 3,146 | $103.08 |
| Granted | 345 | | 117.52 | | 889 | | 120.91 | | 1,787 | 125.02 |
| Exercised/vested | (992) | | 64.96 | | (842) | | 102.05 | | (951) | 98.56 |
| Forfeited | — | | — | | (250) | | 113.99 | | (241) | 110.72 |
| Expired | — | | — | | — | | — | | — | — |
| Outstanding as of December 31, 2021 | 3,104 | | 93.33 | | 1,875 | | $117.36 | | 3,741 | $114.22 |
First 8 of 10 rows. The CSV has all of them.
Table 67 after “The weighted-average remaining contractual life and the aggregate intrinsic value (the amount by which the fair value of our stock price exc”
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| Outstanding | Exercisable | | Vested and Expected to Vest | |
| Weighted-average remaining contractual life (in years) | 5.3 | 3.8 | | 5.3 | |
| Aggregate intrinsic value (millions) | $218 | | $166 | | $218 |
Table 68 after “The fair value of each option is estimated on the date of grant using a Black-Scholes-Merton option-pricing model. The following weighted-av”
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| 2021 | 2020 | | 2019 | |
| Dividend yield | 1.5% | | 1.4% | | 1.5% |
| Expected volatility(a) | 31% | | 20% | | 24% |
| Risk-free interest rate | 0.8% | | 1.6% | | 2.6% |
| Expected life of stock option (in years)(b) | 7.2 | 7.1 | | 7.1 | |
| Weighted-average fair value per option | $32.38 | | $25.83 | | $23.38 |
Table 69 after “The fair value of RSUs that do not include the r-TSR modifier, including those that contain only service conditions, is measured using our s”
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| 2021 | 2020 | | 2019 | |
| Expected volatility(a) | 41% | | 19% | | 20% |
| Risk-free interest rate | 0.2% | | 1.4% | | 2.5% |
| Remaining performance period (in years) | 2.9 | 2.9 | | 2.9 | |
Table 70 after “The following represents the maturities of our outstanding lease commitments as of December 31, 2021:”
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| (Millions) | |
| 2022 | $155 |
| 2023 | 155 |
| 2024 | 146 |
| 2025 | 123 |
| 2026 | 109 |
| Thereafter | 986 |
| Total Outstanding Fixed Lease Payments | $1,674 |
First 8 of 10 rows. The CSV has all of them.
Table 71 after “The following table summarizes the total fair value, excluding interest accruals, of derivative assets and liabilities as of December 31:”
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| Other Assets Fair Value | Other Liabilities Fair Value | | | | |
| (Millions) | 2021 | 2020 | | 2021 | 2020 | |
| Derivatives designated as hedging instruments: | | | | | | |
| Fair value hedges - Interest rate contracts (a) | $204 | | $500 | | $— | $— |
| Net investment hedges - Foreign exchange contracts | 219 | | 24 | | 54 | 474 |
| Total derivatives designated as hedging instruments | 423 | | 524 | | 54 | 474 |
| Derivatives not designated as hedging instruments: | | | | | | |
| Foreign exchange contracts | 167 | | 105 | | 85 | 228 |
First 8 of 12 rows. The CSV has all of them.
Table 72 after “The following table presents the gains and losses recognized in Interest expense on the Consolidated Statements of Income associated with th”
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| Gains (losses) | | | | |
| (Millions) | 2021 | 2020 | | 2019 | |
| Fixed-rate long-term debt | $385 | | $(405) | | $(458) |
| Derivatives designated as hedging instruments | (385) | | 409 | | 462 |
| Total | $— | | $4 | | $4 |
Table 73 after “The following table summarizes our financial assets and financial liabilities measured at fair value on a recurring basis, categorized by GA”
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| 2021 | 2020 | | | | | | | | | | | |
| (Millions) | Total | Level 1 | | Level 2 | Level 3 | Total | | Level 1 | Level 2 | Level 3 | | | |
| Assets: | | | | | | | | | | | | | |
| Investment securities: (a) | | | | | | | | | | | | | |
| Equity securities | $79 | | $78 | | $1 | | $— | | $81 | | $80 | $1 | $— |
| Debt securities | 2,512 | | — | | 2,480 | | 32 | | 21,550 | | — | 21,550 | — |
| Derivatives, gross (a) | 590 | | — | | 590 | | — | | 629 | | — | 629 | — |
| Total Assets | 3,181 | | 78 | | 3,071 | | 32 | | 22,260 | | 80 | 22,180 | — |
First 8 of 11 rows. The CSV has all of them.
Table 74 after “The following table summarizes the estimated fair values of our financial assets and financial liabilities that are measured at amortized co”
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| 2021 (Billions) | Carrying Value | Corresponding Fair Value Amount | | | | | |
| Total | Level 1 | | Level 2 | Level 3 | | |
| Financial Assets: | | | | | | | |
| Financial assets for which carrying values equal or approximate fair value | | | | | | | |
| Cash and cash equivalents(a) | $22 | | $22 | | $20 | $2 | $— |
| Other financial assets(b) | 56 | | 56 | | — | 56 | — |
| Financial assets carried at other than fair value | | | | | | | |
| Card Member and Other loans, less reserves(c) | 88 | | 91 | | — | — | 91 |
First 8 of 13 rows. The CSV has all of them.
Table 75 after “The following table summarizes the estimated fair values of our financial assets and financial liabilities that are measured at amortized co”
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| 2020 (Billions) | Carrying Value | Corresponding Fair Value Amount | | | | | |
| Total | Level 1 | | Level 2 | Level 3 | | |
| Financial Assets: | | | | | | | |
| Financial assets for which carrying values equal or approximate fair value | | | | | | | |
| Cash and cash equivalents(a) | $33 | | $33 | | $31 | $2 | $— |
| Other financial assets(b) | 46 | | 46 | | — | 46 | — |
| Financial assets carried at other than fair value | | | | | | | |
| Card Member and Other loans, less reserves(c) | 71 | | 75 | | — | — | 75 |
First 8 of 13 rows. The CSV has all of them.
Table 76 after “The following table shows authorized shares and provides a reconciliation of common shares issued and outstanding for the years ended Decemb”
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| (Millions, except where indicated) | 2021 | 2020 | | 2019 | |
| Common shares authorized (billions) (a) | 3.6 | | 3.6 | | 3.6 |
| Shares issued and outstanding at beginning of year | 805 | | 810 | | 847 |
| Repurchases of common shares | (46) | | (7) | | (40) |
| Other, primarily stock option exercises and restricted stock awards granted | 2 | | 2 | | 3 |
| Shares issued and outstanding as of December 31 | 761 | | 805 | | 810 |
Table 77 after “We have the following perpetual Fixed Rate Reset Noncumulative Preferred Share series issued and outstanding as of December 31, 2021:”
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| Series D |
| Issuance date | August 3, 2021 |
| Securities issued | 1,600 Preferred shares; represented by 1,600,000 depositary shares |
| Dividend rate per annum | 3.55% through September 14, 2026; resets September 15, 2026 and every subsequent 5-year anniversary at 5-year Treasury rate plus 2.854% |
| Dividend payment date | Quarterly beginning September 15, 2021 |
| Earliest redemption date | September 15, 2026 |
| Aggregate liquidation preference | $1,600 million |
| Carrying value (a) | $1,584 million |
Table 78 after “AOCI is a balance sheet item in Shareholders’ equity on the Consolidated Balance Sheets. It is comprised of items that have not been recogni”
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| (Millions), net of tax | Net Unrealized Gains (Losses) on Debt Securities | Foreign Currency Translation Adjustment Gains (Losses) | | Net Unrealized Pension and Other Postretirement Benefit Gains (Losses) | | Accumulated Other Comprehensive Income (Loss) | | |
| Balances as of December 31, 2018 | $(8) | | $(2,133) | | | $(456) | | $(2,597) |
| Net unrealized gains | 41 | | — | | | — | | 41 |
| Net translation on investments in foreign operations | — | | 84 | | | — | | 84 |
| Net hedges of investments in foreign operations | — | | (140) | | | — | | (140) |
| Pension and other postretirement benefits | — | | — | | | (125) | | (125) |
| Net change in accumulated other comprehensive income (loss) | 41 | | (56) | | | (125) | | (140) |
| Balances as of December 31, 2019 | 33 | | (2,189) | | | (581) | | (2,737) |
First 8 of 20 rows. The CSV has all of them.
Table 79 after “The following table shows the tax impact for the years ended December 31 for the changes in each component of AOCI presented above:”
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| Tax expense (benefit) | | | | |
| (Millions) | 2021 | 2020 | | 2019 | |
| Net unrealized (losses) gains on debt securities | $(13) | | $9 | | $12 |
| Net translation on investments in foreign operations | (1) | | 17 | | 24 |
| Net hedges of investments in foreign operations | 52 | | (79) | | (43) |
| Pension and other postretirement benefits | 52 | | (28) | | (38) |
| Total tax impact | $90 | | $(81) | | $(45) |
Table 80 after “The following is a detail of Other fees and commissions for the years ended December 31:”
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| (Millions) | 2021 | 2020 | | 2019 | |
| Fees charged to Card Members: | | | | | |
| Delinquency fees | $637 | | $772 | | $1,028 |
| Foreign currency conversion fee revenue | 523 | | 433 | | 982 |
| Other customer fees: | | | | | |
| Loyalty coalition-related fees | 508 | | 435 | | 456 |
| Travel commissions and fees | 244 | | 102 | | 424 |
| Service fees and other (a) | 480 | | 421 | | 407 |
First 8 of 9 rows. The CSV has all of them.
Table 81 after “The following is a detail of Other expenses for the years ended December 31:”
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| (Millions) | 2021 | 2020 | | 2019 | |
| Data processing and equipment (a) | $2,431 | | $2,334 | | $2,168 |
| Professional services | 1,958 | | 1,789 | | 2,091 |
| Net unrealized and realized gains on Amex Ventures equity investments | (767) | | (152) | | (77) |
| Other (b) | 1,195 | | 1,354 | | 1,674 |
| Total Other expenses | $4,817 | | $5,325 | | $5,856 |
Table 82 after “The components of income tax expense for the years ended December 31 included in the Consolidated Statements of Income were as follows:”
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| (Millions) | 2021 | 2020 | | 2019 | |
| Current income tax expense: | | | | | |
| U.S. federal | $1,656 | | $1,122 | | $1,108 |
| U.S. state and local | 351 | | 339 | | 276 |
| Non-U.S. | 328 | | 639 | | 437 |
| Total current income tax expense | 2,335 | | 2,100 | | 1,821 |
| Deferred income tax (benefit) expense: | | | | | |
| U.S. federal | 231 | | (931) | | (58) |
First 8 of 12 rows. The CSV has all of them.
Table 83 after “percent as of December 31, 2021, 2020 and 2019, to our actual income tax rate was as follows:”
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| 2021 | 2020 | | 2019 | |
| U.S. statutory federal income tax rate | 21.0% | | 21.0% | | 21.0% |
| (Decrease) increase in taxes resulting from: | | | | | |
| Tax credits and tax-exempt income (a) | (0.1) | | (4.1) | | (1.9) |
| State and local income taxes, net of federal benefit | 3.0 | | 3.7 | | 2.8 |
| Non-U.S. subsidiaries' earnings | 1.1 | | 2.4 | | (0.5) |
| Tax settlements | (0.1) | | (0.3) | | (0.3) |
| Valuation allowances | — | | 4.0 | | (0.2) |
First 8 of 10 rows. The CSV has all of them.
Table 84 after “The significant components of deferred tax assets and liabilities as of December 31 are reflected in the following table:”
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| (Millions) | 2021 | 2020 | |
| Deferred tax assets: | | | |
| Reserves not yet deducted for tax purposes | $3,637 | | $3,905 |
| Employee compensation and benefits | 359 | | 383 |
| Net operating loss and tax credit carryforwards | 398 | | 399 |
| Other | 809 | | 765 |
| Gross deferred tax assets | 5,203 | | 5,452 |
| Valuation allowance | (472) | | (418) |
First 8 of 17 rows. The CSV has all of them.
Table 85 after “The following table presents changes in unrecognized tax benefits:”
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| (Millions) | 2021 | 2020 | | 2019 | |
| Balance, January 1 | $790 | | $726 | | $701 |
| Increases: | | | | | |
| Current year tax positions | 64 | | 57 | | 66 |
| Tax positions related to prior years | 225 | | 105 | | 78 |
| Effects of foreign currency translations | — | | — | | 10 |
| Decreases: | | | | | |
| Tax positions related to prior years | (14) | | (24) | | (14) |
First 8 of 12 rows. The CSV has all of them.
Table 86 after “The computations of basic and diluted EPS for the years ended December 31 were as follows:”
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| (Millions, except per share amounts) | 2021 | 2020 | | 2019 | |
| Numerator: | | | | | |
| Basic and diluted: | | | | | |
| Net income | $8,060 | | $3,135 | | $6,759 |
| Preferred dividends | (71) | | (79) | | (81) |
| Equity-related adjustments (a) | (16) | | — | | — |
| Net income available to common shareholders | 7,973 | | 3,056 | | 6,678 |
| Earnings allocated to participating share awards (b) | (56) | | (20) | | (47) |
First 8 of 15 rows. The CSV has all of them.
Table 87 after “The following table presents the regulatory capital ratios:”
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| (Millions, except percentages) | CET 1 capital | Tier 1 capital | | Total capital | CET 1 capital ratio | Tier 1 capital ratio | | Total capital ratio | | Tier 1 leverage ratio | | | |
| December 31, 2021: (a) | | | | | | | | | | | | | |
| American Express Company | $17,554 | | $19,186 | | $21,506 | | 10.5% | | | 11.5% | | 12.9% | 10.5% |
| American Express National Bank | $13,085 | | $13,085 | | $15,283 | | 11.8% | | | 11.8% | | 13.7% | 10.5% |
| December 31, 2020: (a) | | | | | | | | | | | | | |
| American Express Company | $18,693 | | $20,277 | | $22,385 | | 13.5% | | | 14.7% | | 16.2% | 11.0% |
| American Express National Bank | $14,617 | | $14,617 | | $16,578 | | 16.2% | | | 16.2% | | 18.3% | 10.9% |
| Well-capitalized ratios (b) | | | | | | | | | | | | | |
First 8 of 14 rows. The CSV has all of them.
Table 88 after “The following table details our maximum credit exposure of the on-balance sheet assets by category as of December 31:”
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| (Billions) | 2021 | 2020 | |
| Individuals (a) | $131 | | $108 |
| Financial services (b) | 24 | | 34 |
| U.S. Government and agencies (c) | 2 | | 22 |
| Institutions (d) | 15 | | 13 |
| Total on-balance sheet | $172 | | $177 |
Table 89 after “The following table details our Card Member loans and receivables exposure (including unused lines-of-credit available to Card Members as pa”
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| (Billions) | 2021 | 2020 | |
| On-balance sheet: | | | |
| U.S. | $115 | | $95 |
| Non-U.S. | 27 | | 22 |
| On-balance sheet | 142 | | 117 |
| Unused lines-of-credit: (a) | | | |
| U.S. | 261 | | 251 |
| Non-U.S. | 66 | | 63 |
First 8 of 9 rows. The CSV has all of them.
Table 90 after “The following table presents certain selected financial information for our reportable operating segments and Corporate & Other as of or for”
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| (Millions, except where indicated) | GCSG | GCS | | GMNS | Corporate & Other (a) | Consolidated | | |
| 2021 | | | | | | | | |
| Total non-interest revenues | $18,157 | | $11,489 | | $4,964 | | $20 | $34,630 |
| Revenue from contracts with customers (b) | 13,047 | | 9,863 | | 4,635 | | 171 | 27,716 |
| Interest income | 7,391 | | 1,460 | | 16 | | 166 | 9,033 |
| Interest expense | 717 | | 449 | | (92) | | 209 | 1,283 |
| Total revenues net of interest expense | 24,831 | | 12,500 | | 5,072 | | (23) | 42,380 |
| Pretax income (loss) | 6,826 | | 2,928 | | 1,949 | | (1,014) | 10,689 |
First 8 of 25 rows. The CSV has all of them.
Table 91 after “The following table presents our total revenues net of interest expense and pretax income (loss) from continuing operations in different geo”
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| (Millions) | United States | EMEA(a) | | APAC(a) | LACC(a) | Other Unallocated(b) | | Consolidated | | |
| 2021 | | | | | | | | | | |
| Total revenues net of interest expense | $33,103 | | $3,643 | | $3,418 | | $2,238 | | $(22) | $42,380 |
| Pretax income (loss) from continuing operations | 9,512 | | 705 | | 707 | | 782 | | (1,017) | 10,689 |
| 2020 | | | | | | | | | | |
| Total revenues net of interest expense | $28,263 | | $3,087 | | $3,271 | | $2,019 | | $(553) | $36,087 |
| Pretax income (loss) from continuing operations | 4,418 | | 398 | | 665 | | 452 | | (1,638) | 4,296 |
| 2019 | | | | | | | | | | |
First 8 of 10 rows. The CSV has all of them.
Table 92 after “PARENT COMPANY – CONDENSED STATEMENTS OF INCOME”
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| Years Ended December 31 (Millions) | 2021 | 2020 | | 2019 | |
| Revenues | | | | | |
| Non-interest revenues | | | | | |
| Other | $343 | | $480 | | $598 |
| Total non-interest revenues | 343 | | 480 | | 598 |
| Interest income | 96 | | 228 | | 692 |
| Interest expense | 482 | | 630 | | 902 |
| Total revenues net of interest expense | (43) | | 78 | | 388 |
First 8 of 17 rows. The CSV has all of them.
Table 93 after “PARENT COMPANY – CONDENSED BALANCE SHEETS”
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| As of December 31 (Millions) | 2021 | 2020 | |
| Assets | | | |
| Cash and cash equivalents | $5,341 | | $10,968 |
| Equity in net assets of subsidiaries and affiliates | 22,623 | | 23,306 |
| Loans to subsidiaries and affiliates | 17,848 | | 15,887 |
| Due from subsidiaries and affiliates | 1,207 | | 1,084 |
| Other assets | 158 | | 164 |
| Total assets | 47,177 | | 51,409 |
First 8 of 18 rows. The CSV has all of them.
Table 94 after “PARENT COMPANY – CONDENSED STATEMENTS OF CASH FLOWS”
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| Years Ended December 31 (Millions) | 2021 | 2020 | | 2019 | |
| Cash Flows from Operating Activities | | | | | |
| Net income | $8,060 | | $3,135 | | $6,759 |
| Adjustments to reconcile net income to cash provided by operating activities: | | | | | |
| Equity in net income of subsidiaries and affiliates | (8,560) | | (3,716) | | (7,271) |
| Dividends received from subsidiaries and affiliates | 9,102 | | 2,679 | | 6,370 |
| Other operating activities, primarily with subsidiaries and affiliates | (305) | | 732 | | 1,315 |
| Net cash provided by operating activities | 8,297 | | 2,830 | | 7,173 |
First 8 of 27 rows. The CSV has all of them.
Table 95 after “PARENT COMPANY – CONDENSED STATEMENTS OF CASH FLOWS”
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| Supplemental cash flow information | | | | | |
| Years Ended December 31 (Millions) | 2021 | 2020 | | 2019 | |
| Non-Cash Investing Activities | | | | | |
| Loans to subsidiaries and affiliates | $(1,787) | | $(4,971) | | $— |
| Non-Cash Financing Activities | | | | | |
| Short-term debts from subsidiaries and affiliates | — | | 4,971 | | — |
| Proceeds from long-term debt | $1,787 | | $— | | $— |
| 3.1 | Company's Amended and Restated Certificate of Incorporation as amended through August 2, 2021 (incorporated by reference to Exhibit 3.1 of the Company's Quarterly Report on Form 10-Q (Commission File No. 1-7657) for the quarter ended September 30, 2021). |
| 3.2 | Company's By-Laws, as amended through September 26, 2016 (incorporated by reference to Exhibit 3.1 of the Company's Current Report on Form 8-K (Commission File No. 1-7657), dated September 26, 2016 (filed September 27, 2016)). |
| 4.1 | The instruments defining the rights of holders of long-term debt securities of the Company and its subsidiaries are omitted pursuant to Section (b)(4)(iii)(A) of Item 601 of Regulation S-K. The Company hereby agrees to furnish copies of these instruments to the SEC upon request. |
| 4.2 | Description of American Express Company’s securities registered pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (incorporated by reference to Exhibit 4.2 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 2020). |
| 10.1 | American Express Company Deferred Compensation Plan for Directors and Advisors, as amended and restated effective April 1, 2018 (incorporated by reference to Exhibit 10.3 of the Company's Quarterly Report on Form 10-Q (Commission File No. 1-7657) for the quarter ended March 31, 2018). |
| 10.2 | American Express Company 2007 Pay-for-Performance Deferral Program Document (incorporated by reference to Exhibit 10.1 of the Company's Current Report on Form 8-K (Commission File No. 1-7657), dated November 20, 2006 (filed November 22, 2006)). |
| 10.3 | Description of amendments to 1994–2006 Pay-for-Performance Deferral Programs (incorporated by reference to Exhibit 10.13 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 2006). |
| 10.4 | American Express Company 2006 Pay-for-Performance Deferral Program Guide (incorporated by reference to Exhibit 10.1 of the Company's Current Report on Form 8-K (Commission File No. 1-7657), dated November 21, 2005 (filed November 23, 2005)). |
First 8 of 14 rows. The CSV has all of them.
| 10.11 | Amendment to American Express Company Key Executive Life Insurance Plan (incorporated by reference to Exhibit 10.3 of the Company's Quarterly Report on Form 10-Q (Commission File No. 1-7657) for the quarter ended September 30, 1994). |
| 10.12 | Amendment to American Express Company Key Executive Life Insurance Plan, effective as of January 22, 2007 (incorporated by reference to Exhibit 10.22 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 2006). |
| 10.13 | Amendment to American Express Company Key Executive Life Insurance Plan, effective as of January 1, 2011 (incorporated by reference to Exhibit 10.24 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 2010). |
| 10.14 | American Express Key Employee Charitable Award Program for Education (incorporated by reference to Exhibit 10.13 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 1990). |
| 10.15 | American Express Directors' Charitable Award Program (incorporated by reference to Exhibit 10.14 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 1990). |
| 10.16 | American Express Company Salary/Bonus Deferral Plan (incorporated by reference to Exhibit 10.20 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 1988). |
| 10.17 | Amendment to American Express Company Salary/Bonus Deferral Plan (incorporated by reference to Exhibit 10.4 of the Company's Quarterly Report on Form 10-Q (Commission File No. 1-7657) for the quarter ended September 30, 1994). |
| 10.18 | American Express Senior Executive Severance Plan, as amended and restated effective May 1, 2018 (incorporated by reference to Exhibit 10.1 of the Company's Quarterly Report on Form 10-Q (Commission File No. 1-7657) for the quarter ended June 30, 2018). |
First 8 of 14 rows. The CSV has all of them.
| 10.25 | Seventh Amendment to the American Express Retirement Restoration Plan (f/k/a Supplemental Retirement Plan) (dated September 26, 2013) (incorporated by reference to Exhibit 10.2 of the Company's Quarterly Report on Form 10-Q (Commission File No. 1-7657) for the quarter ended September 30, 2013). |
| 10.26 | Eighth Amendment to the American Express Retirement Restoration Plan (f/k/a Supplemental Retirement Plan) (dated December 1, 2013) (incorporated by reference to Exhibit 10.36 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 2013). |
| 10.27 | Ninth Amendment to the American Express Retirement Restoration Plan (f/k/a Supplemental Retirement Plan) (dated December 14, 2016) (incorporated by reference to Exhibit 10.30 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 2016). |
| 10.28 | Tenth Amendment to the American Express Retirement Restoration Plan (f/k/a Supplemental Retirement Plan) (dated December 17, 2018) (incorporated by reference to Exhibit 10.28 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 2018). |
| * | 10.29 | Eleventh Amendment to the American Express Retirement Restoration Plan (f/k/a Supplemental Retirement Plan) (dated December 9, 2021). |
| 10.30 | American Express Company 2003 Share Equivalent Unit Plan for Directors, as amended and restated, effective January 1, 2015 (incorporated by reference to Exhibit 10.38 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 2015). |
| 10.31 | Description of Compensation Payable to Non-Management Directors effective January 1, 2015 (incorporated by reference to Exhibit 10.39 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 2014). |
| 10.32 | American Express Company 2007 Incentive Compensation Plan (incorporated by reference to Exhibit 10.1 of the Company's Current Report on Form 8-K (Commission File No. 1-7657), dated April 23, 2007 (filed April 27, 2007)). |
First 8 of 14 rows. The CSV has all of them.
| 10.39 | Amendment to the Form of nonqualified stock option award agreement and Form of restricted stock unit award for executive officers under the American Express Company 2016 Incentive Compensation Plan (for awards made after January 29, 2020) (incorporated by reference to Exhibit 10.41 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 2019). |
| 10.40 | Form of notice agreement in connection with Annual Incentive Awards under the American Express Company 2016 Incentive Compensation Plan (incorporated by reference to Exhibit 10.42 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 2019). |
| 10.41 | Restated Letter Agreement, dated May 6, 2019, between American Express Company and Berkshire Hathaway Inc., on behalf of itself and its subsidiaries (incorporated by reference to Exhibit 10.1 of the Company's Current Report on Form 8-K (Commission File No. 1-7657), dated May 6, 2019 (filed May 6, 2019)). |
| 10.42 | Time Sharing Agreement, dated February 13, 2018, by and between American Express Travel Related Services Company, Inc. and Stephen J. Squeri (incorporated by reference to Exhibit 10.48 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 2017). |
| 10.43 | Amendment No. 1, dated March 29, 2019, to the Time Sharing Agreement, dated February 13, 2018, by and between American Express Travel Related Services Company, Inc. and Stephen J. Squeri (incorporated by reference to Exhibit 10.1 of the Company's Quarterly Report on Form 10-Q (Commission File No. 1-7657) for the quarter ended March 31, 2019). |
| 10.44 | Amendment No. 2, dated July 26, 2019, to the Time Sharing Agreement, dated February 13, 2018, by and between American Express Travel Related Services Company, Inc. and Stephen J. Squeri (incorporated by reference to Exhibit 10.1 of the Company's Quarterly Report on Form 10-Q (Commission File No. 1-7657) for the quarter ended September 30, 2019). |
| 10.45 | Amendment No. 3, dated December 15, 2020, to the Time Sharing Agreement, dated February 13, 2018, by and between American Express Travel Related Services Company, Inc. and Stephen J. Squeri (incorporated by reference to Exhibit 10.46 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 2020). |
| * | 10.46 | Amendment No. 4, dated December 28, 2021, to the Time Sharing Agreement, dated February 13, 2018, by and between American Express Travel Related Services Company, Inc. and Stephen J. Squeri. |
First 8 of 17 rows. The CSV has all of them.
| * | 101.LAB | XBRL Taxonomy Extension Label Linkbase Document |
| * | 101.PRE | XBRL Taxonomy Extension Presentation Linkbase Document |
| * | 101.DEF | XBRL Taxonomy Extension Definition Linkbase Document |
| * | 104 | Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101) |
Table 101 after “The following tables provide a summary of our consolidated average balances including major categories of interest-earning assets and intere”
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| 2021 | 2020 | | 2019 | | | | | | | | | | | | | | |
| Years Ended December 31,(Millions, except percentages) | AverageBalance (a) | Interest Income | | Average Yield | AverageBalance (a) | Interest Income | | Average Yield | | AverageBalance (a) | Interest Income | | Average Yield | | | | | |
| Interest-earning assets | | | | | | | | | | | | | | | | | | |
| Interest-bearing deposits in other banks | | | | | | | | | | | | | | | | | | |
| U.S. | $25,583 | | $34 | | 0.1% | | $31,446 | | | $100 | | 0.3% | | $22,169 | | $517 | | 2.3% |
| Non-U.S. | 2,291 | | 54 | | 2.4 | | 2,367 | | | 51 | | 2.2 | | 2,085 | | 48 | | 2.3 |
| Federal funds sold and securities purchased under agreements to resell | | | | | | | | | | | | | | | | | | |
| U.S. | — | | — | | — | | — | | | — | | — | | 19 | | 3 | | 15.8 |
First 8 of 28 rows. The CSV has all of them.
| Years Ended December 31, (Millions, except percentages) | 2021Average Balance (a) | 2020Average Balance (a) | | 2019Average Balance (a) | |
| Non-interest-earning assets | | | | | |
| Cash and due from banks | | | | | |
| U.S. | $2,729 | | $2,205 | | $2,842 |
| Non-U.S. | 868 | | 823 | | 732 |
| Card Member receivables, net | | | | | |
| U.S. | 30,039 | | 27,414 | | 27,724 |
| Non-U.S. | 16,632 | | 16,009 | | 28,040 |
First 8 of 21 rows. The CSV has all of them.
| 2021 | 2020 | | 2019 | | | | | | | | | | | | | | | | |
| Years Ended December 31, (Millions, except percentages) | AverageBalance (a) | Interest Expense | | Average Rate | | AverageBalance (a) | | Interest Expense | | Average Rate | | AverageBalance (a) | | Interest Expense | | Average Rate | | | | |
| Interest-bearing liabilities | | | | | | | | | | | | | | | | | | | | |
| Customer deposits | | | | | | | | | | | | | | | | | | | | |
| U.S. | | | | | | | | | | | | | | | | | | | | |
| Savings | $78,084 | | $314 | | | 0.4% | | | $69,796 | | | $697 | | | 1.0% | | $59,087 | | $1,247 | 2.1% |
| Time | 6,092 | | 139 | | | 2.3 | | | 9,898 | | | 237 | | | 2.4 | | 12,179 | | 298 | 2.4 |
| Demand | 692 | | 2 | | | 0.3 | | | 752 | | | 5 | | | 0.7 | | 447 | | 9 | 2.0 |
First 8 of 41 rows. The CSV has all of them.
Table 104 after “The following table presents the amount of changes in interest income and interest expense due to changes in both average volume and average”
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| 2021 Versus 2020 | 2020 Versus 2019 | | | | | | | | |
| Increase (Decrease) due to change in: | | | Increase (Decrease) due to change in: | | | | | | |
| Years Ended December 31, (Millions) | Average Volume | Average Rate | | Net Change | Average Volume | Average Rate | | Net Change | | |
| Interest-earning assets | | | | | | | | | | |
| Interest-bearing deposits in other banks | | | | | | | | | | |
| U.S. | $(19) | | $(47) | | $(66) | | $216 | | $(633) | $(417) |
| Non-U.S. | (2) | | 5 | | 3 | | 6 | | (3) | 3 |
| Federal funds sold and securities purchased under agreements to resell | | | | | | | | | | |
First 8 of 44 rows. The CSV has all of them.
Table 105 after “The following table presents contractual maturities of loans and Card Member receivables by customer type, and segregated between U.S. and n”
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| December 31, (Millions) | 2021 | | | | | | | | | |
| Within1 year (a) | 1-5years (b) (c) | | 5-15 years (c) | | After15 years (c) | Total | | | |
| Loans | | | | | | | | | | |
| U.S. loans | | | | | | | | | | |
| Card Member | $76,500 | | $378 | | | $— | | $— | | $76,878 |
| Other | 554 | | 1,997 | | | 98 | | 34 | | 2,683 |
| Non-U.S. loans | | | | | | | | | | |
| Card Member | 11,684 | | — | | | — | | — | | 11,684 |
First 8 of 21 rows. The CSV has all of them.
Table 106 after “The following table summarizes the ratio of all loans and Card Member receivables categories.”
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| Years Ended December 31, (Millions, except percentages and where indicated) | 2021 | 2020 | |
| Card Member loans | | | |
| Net write-offs — principal less recoveries | $672 | | $1,795 |
| Net write-offs — interest and fees less recoveries | $207 | | $375 |
| Average Card Member loans (billions)(a) | $76.1 | | $74.6 |
| Principal only net write-offs / average Card Member loans outstanding (b) | 0.9% | | 2.4% |
| Principal, interest and fees net write-offs / average Card Member loans outstanding (b) | 1.2% | | 2.9% |
| Other loans | | | |
First 8 of 20 rows. The CSV has all of them.
Table 107 after “The following table shows the reserve for credit losses allocated to each of loans and Card Member receivables by customer type, and between”
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| December 31, | 2021 | 2020 | | | | |
| (Millions, except percentages)Reserve for credit losses at end of year applicable to | Amount | Percentage (a) | | Amount | Percentage (a) | |
| Loans U.S. loans | | | | | | |
| Card Member | $3,067 | | 91% | | $4,820 | 86% |
| Other | 50 | | 1 | | 228 | 4 |
| Non-U.S. loans | | | | | | |
| Card Member | 238 | | 8 | | 524 | 10 |
| Other | 2 | | — | | 10 | — |
First 8 of 13 rows. The CSV has all of them.
Table 108 after “The following table presents the amount of uninsured time certificates of deposit issued by us in our U.S. and non-U.S. offices, further seg”
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| By remaining maturity as of December 31, 2021 | | | | | | | |
| (Millions) | 3 months or less | Over 3 months but within 6 months | | Over 6 months but within 12 months | Over 12 months | Total | | |
| U.S. (a) | $73 | | $30 | | $18 | | $93 | $214 |
| Non U.S. (b) | $1 | | $1 | | $3 | | $— | $5 |