Policy

AMERICAN EXPRESS CO | 2013 | FY |

The following table summarizes the Company's restructuring reserves activity for the years ended December 31, 2013, 2012 and 2011:

(Millions)		Severance^(a)		Other^(b)		Total
Liability balance as of December 31, 2010		$	199	$	16	$	215
	Restructuring charges, net of $27 in revisions^(c)		96		23		119
	Payments		(121)		(8)		(129)
	Other non-cash^(d)		(4)		(1)		(5)
Liability balance as of December 31, 2011			170		30		200
	Restructuring charges, net of $16 in revisions^(c)		366		37		403
	Payments		(124)		(9)		(133)
Liability balance as of December 31, 2012			412		58		470
	Restructuring charges, $4 in revisions^(c)		(7)		3		(4)
	Payments		(206)		(23)		(229)
	Other non-cash^(d)		(3)		(1)		(4)
Liability balance as of December 31, 2013^(e)		$	196	$	37	$	233

Accounted for in accordance with GAAP governing the accounting for nonretirement postemployment benefits and for costs associated with exit or disposal activities.

Other primarily includes facility exit and contract termination costs.

Revisions primarily relate to higher than anticipated redeployments of displaced employees to other positions within the Company, business changes and modifications to existing initiatives.

Consists primarily of foreign exchange impacts.

The majority of cash payments related to the remaining restructuring liabilities are expected to be completed in 2014, and to a lesser extent certain contractual long-term severance arrangements and lease obligations are expected to be completed in 2015 and 2019, respectively.

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