American Express 2015 Annual Report Download - page 178

Loans and Card Member Receivables Portfolios
The following table presents gross loans and Card Member receivables by customer type, segregated between
U.S. and non-U.S., based on the domicile of the borrowers. Refer to Notes 3 and 4 to the Consolidated Financial
Statements for additional information.
December 31, (Millions) 2015 2014 2013 2012 2011
Loans (a) (b)
U.S. loans
Card Member (c) (d) ............................... $ 51,446 $ 62,592 $ 58,530 $ 56,104 $ 53,850
Other (e) ........................................ 1,073 726 411 285 108
Non-U.S. loans
Card Member (c) (d) ............................... 7,127 7,793 8,708 9,125 8,771
Other (e) ........................................ 201 206 210 286 329
Total loans ................................... $ 59,847 $ 71,317 $ 67,859 $ 65,800 $ 63,058
Card Member receivables (a) (b)
U.S. Card Member receivables
Consumer (f) .................................... 23,255 22,468 21,842 21,124 20,645
Commercial (g) ................................... 8,961 9,082 8,480 7,924 7,495
Non-U.S. Card Member receivables
Consumer (f) .................................... 7,101 7,800 7,930 7,967 7,412
Commercial (g) ................................... 4,816 5,501 5,911 5,751 5,338
Total Card Member receivables .................. $ 44,133 $ 44,851 $ 44,163 $ 42,766 $ 40,890
(a) As of December 31, 2015, the Company had approximately $211 billion of unused credit available to Card Members as part of established
lending product agreements. Total unused credit available to Card Members does not represent potential future cash requirements, as a
significant portion of this unused credit will likely not be drawn. The Company’s charge card products generally have no preset spending limit,
the associated credit limit on charge products is not quantifiable, and therefore is not reflected in unused credit available to Card Members.
(b) As of December 31, 2015, the Company’s exposure to any concentration of gross loans and Card Member receivables combined, which exceeds
10 percent of total loans and Card Member receivables is further split between $89 billion for individuals and $15 billion for commercial. Loans
and Card Member receivables concentrations are defined as loans and Card Member receivables due from multiple borrowers engaged in
similar activities that would cause these borrowers to be impacted similarly to certain economic or other related conditions. Refer to Note 24 to
the Consolidated Financial Statements for additional information on concentrations.
(c) Card Member loans include unamortized net card fees of $140 million for 2011. Beginning in 2012, unamortized net card fees are reported under
Other liabilities.
(d) Represents loans to individual and small business consumers.
(e) Other loans primarily represent loans to merchants.
(f) Represents receivables from individual and small business charge card consumers.
(g) Represents receivables from corporate charge card clients.
A-5