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AMERICAN EXPRESS COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The following table provides additional information with respect to the Company’s impaired Card Member loans, which are not significant for
GCS, and Card Member receivables, which are not significant for ICS and GCS, as of or for the years ended December 31:
As of December 31, 2013
For the Year Ended
December 31, 2013
2013 (Millions)
Loans over
90 Days
Past Due
& Accruing
Interest(a)
Non-
Accrual
Loans(b)
Loans &
Receivables
Modified
as a TDR(c)
Total
Impaired
Loans &
Receivables
Unpaid
Principal
Balance(d)
Allowance
for TDRs(e)
Average
Balance of
Impaired
Loans
Interest
Income
Recognized
Card Member Loans:
U.S. Card Services $ 170 $ 244 $ 373 $ 787 $ 731 $ 84 $ 943 $ 46
International Card Services 54 4 5 63 62 — 67 16
Card Member Receivables:
U.S. Card Services — — 50 50 49 38 81 —
Total $ 224 $ 248 $ 428 $ 900 $ 842 $ 122 $ 1,091 $ 62
As of December 31, 2012
For the Year Ended
December 31, 2012
2012 (Millions)
Loans over
90 Days
Past Due
& Accruing
Interest(a)
Non-
Accrual
Loans(b)
Loans &
Receivables
Modified
as a TDR(c)
Total
Impaired
Loans &
Receivables
Unpaid
Principal
Balance(d)
Allowance
for TDRs(e)
Average
Balance of
Impaired
Loans
Interest
Income
Recognized
Card Member Loans:
U.S. Card Services $ 73 $ 426 $ 627 $ 1,126 $ 1,073 $ 152 $ 1,221 $ 47
International Card Services 59 5 6 70 69 1 75 16
Card Member Receivables:
U.S. Card Services — — 117 117 111 91 135 —
Total $ 132 $ 431 $ 750 $ 1,313 $ 1,253 $ 244 $ 1,431 $ 63
As of December 31, 2011
For the Year Ended
December 31, 2011
2011 (Millions)
Loans over
90 Days
Past Due
& Accruing
Interest(a)
Non-
Accrual
Loans(b)
Loans &
Receivables
Modified
as a TDR(c)
Total
Impaired
Loans &
Receivables
Unpaid
Principal
Balance(d)
Allowance
for TDRs(e)
Average
Balance of
Impaired
Loans
Interest
Income
Recognized
Card Member Loans:
U.S. Card Services $ 64 $ 529 $ 736 $ 1,329 $ 1,268 $ 174 $ 1,498 $ 52
International Card Services 67 6 8 81 80 2 98 26
Card Member Receivables:
U.S. Card Services — — 174 174 165 118 145 —
Total $ 131 $ 535 $ 918 $ 1,584 $ 1,513 $ 294 $ 1,741 $ 78
(a) The Company’s policy is generally to accrue interest through the date of write-off (at 180 days past due). The Company establishes reserves for interest that the
Company believes will not be collected. Excludes loans modified as a TDR.
(b) Non-accrual loans not in modification programs primarily include certain Card Member loans placed with outside collection agencies for which the Company has
ceased accruing interest.
(c) Total loans and receivables modified as a TDR includes $92 million, $320 million and $410 million that are non-accrual and $26 million, $6 million and $4 million that
are past due 90 days and still accruing interest as of December 31, 2013, 2012 and 2011, respectively.
(d) Unpaid principal balance consists of Card Member charges billed and excludes other amounts charged directly by the Company such as interest and fees.
(e) Represents the reserve for losses for TDRs, which are evaluated individually for impairment. The Company records a reserve for losses for all impaired loans. Refer to
Card Member Loans Evaluated Individually and Collectively for Impairment in Note 5 for further discussion of the reserve for losses on loans over 90 days past due
and accruing interest and non-accrual loans, which are evaluated collectively for impairment.
75