v2.4.1.9
Parent Company
 12 Months Ended
Dec. 31, 2014
[DisclosureTextBlockAbstract]  
Condensed Financial Information of Parent Company Only Disclosure [Text Block]

NOTE 26

Parent Company

PARENT COMPANY – CONDENSED STATEMENTS OF INCOME

Years Ended December 31 (Millions)  201420132012
Revenues  
Non-interest revenues  
Gain on sale of securities  $ 99 $ 135 $ 121
Other   270 5 (12)
Total non-interest revenues   369 140 109
Interest income   141 134 137
Interest expense   (543) (583) (609)
Total revenues net of interest expense   (33) (309) (363)
Expenses  
Salaries and employee benefits   275 206 165
Other   357 261 214
Total   632 467 379
Pretax loss   (665) (776) (742)
Income tax benefit   (249) (297) (258)
Net loss before equity in net income of subsidiaries and affiliates    (416) (479) (484)
Equity in net income of subsidiaries and affiliates 6,301 5,838 4,966
Net income  $ 5,885 $ 5,359 $ 4,482

PARENT COMPANY – CONDENSED BALANCE SHEETS

As of December 31 (Millions)  2014  2013
Assets  
Cash and cash equivalents  $ 8,824 $ 6,076
Investment securities   1 123
Equity in net assets of subsidiaries and affiliates 20,123 19,571
Accounts receivable, less reserves   134 378
Premises and equipment, less accumulated depreciation: 2014, $106; 2013, $76   139 136
Loans to subsidiaries and affiliates   7,809 5,236
Due from subsidiaries and affiliates   1,477 1,126
Other assets   365 335
Total assets   38,872 32,981
Liabilities and Shareholders’ Equity  
Liabilities
Accounts payable and other liabilities   1,590 1,386
Due to subsidiaries and affiliates 964 926
Short-term debt of subsidiaries and affiliates 5,937 819
Long-term debt   9,708 10,354
Total liabilities   18,199 13,485
Shareholders’ equity  
Preferred Shares ― ―
Common shares   205 213
Additional paid-in capital   12,874 12,202
Retained earnings   9,513 8,507
Accumulated other comprehensive loss   (1,919) (1,426)
Total shareholders’ equity   20,673 19,496
Total liabilities and shareholders’ equity  $ 38,872 $32,981

PARENT COMPANY – CONDENSED STATEMENTS OF CASH FLOWS

Years Ended December 31 (Millions)201420132012
Cash Flows from Operating Activities  
Net income  $ 5,885 $5,359 $4,482
Adjustments to reconcile net income to cash provided by operating activities:  
Equity in net income of subsidiaries and affiliates   (6,301)(5,838)(4,966)
Dividends received from subsidiaries and affiliates   5,455 4,768 3,355
Gain on sale of securities   (99)(135) (121)
Other operating activities, primarily with subsidiaries and affiliates   173 324 196
Premium paid on debt exchange ― ― (541)
Net cash provided by operating activities   5,113 4,478 2,405
Cash Flows from Investing Activities  
Sales of available-for-sale investment securities   111 157 118
Purchase of premises and equipment   (39)(39)(38)
Loans to subsidiaries and affiliates (2,574)1,498 (1,601)
Investments in subsidiaries and affiliates   ― ― (11)
Net cash (used in) provided by investing activities   (2,502)1,616 (1,532)
Cash Flows from Financing Activities  
(Principal payments on) / issuance of long-term debt   (655)843 ―
Short-term debt of subsidiaries and affiliates 5,118 (1,497)1,421
Issuance of American Express preferred shares 742 ― ―
Issuance of American Express common shares and other   362 721 443
Repurchase of American Express common shares   (4,389)(3,943)(3,952)
Dividends paid   (1,041)(939)(902)
Net cash provided by (used in) financing activities   137 (4,815)(2,990)
Net increase (decrease) in cash and cash equivalents   2,748 1,279 (2,117)
Cash and cash equivalents at beginning of year  6,076 4,797 6,914
Cash and cash equivalents at end of year  $8,824 $6,076 $4,797
Supplemental cash flow information
Non-cash financing activities
Charge related to impact of debt exchange on long-term debt $ ― $ ― $ 439
Gain on business travel joint venture transaction$ 630 $ ― $ ―