American Express 2012 Annual Report Download - page 69

Download and view the complete annual report

Please find page 69 of the 2012 American Express annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 120

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120

AMERICAN EXPRESS COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
OTHER SIGNIFICANT ACCOUNTING POLICIES
The following table identifies the Company’s other significant accounting policies, the Note and page where the Note can be found.
Significant Accounting Policy
Note
Number Note Title Page
Fair Value Measurements Note 3 Fair Values Page 68
Accounts Receivable Note 4 Accounts Receivable and Loans Page 72
Loans Note 4 Accounts Receivable and Loans Page 72
Reserves for Losses Note 5 Reserves for Losses Page 77
Investment Securities Note 6 Investment Securities Page 79
Asset Securitizations Note 7 Asset Securitizations Page 80
Goodwill and Other Intangible Assets Note 8 Other Assets Page 81
Membership Rewards Note 11 Other Liabilities Page 87
Derivative Financial Instruments and Hedging Activities Note 12 Derivatives and Hedging Activities Page 87
Income Taxes Note 17 Income Taxes Page 95
Stock-based Compensation Note 20 Stock Plans Page 98
Retirement Plans Note 21 Retirement Plans Page 100
Regulatory Matters and Capital Adequacy Note 23 Regulatory Matters and Capital Adequacy Page 106
Legal Contingencies Note 24 Commitments and Contingencies Page 107
Reportable Operating Segments Note 25 Reportable Operating Segments and Geographic Operations Page 108
CLASSIFICATION OF VARIOUS ITEMS
Beginning the first quarter of 2012, the Company revised the
income statement reporting of annual membership card fees on
lending products, increasing net card fees and reducing interest
on loans. Corresponding amounts presented in prior periods
have been reclassified to conform to the current period
presentation.
Certain other reclassifications of prior period amounts have been
made to conform to the current period presentation. The card
fees revision previously discussed and these other
reclassifications did not have a material impact on the
Company’s financial position, results of operations or cash flows.
67