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The carrying values of the hedged liabilities, recorded within Long-term debt on the Consolidated Balance Sheets, were $ 18.9 billion and $ 11.7 billion as of December 31, 2024 and 2023, respectively, including the cumulative amount of fair value hedging adjustments of $ 27 million and $ 53 million for the respective periods. | text | 11.7 | monetaryItemType | text: <entity> 11.7 </entity> <entity type> monetaryItemType </entity type> <context> The carrying values of the hedged liabilities, recorded within Long-term debt on the Consolidated Balance Sheets, were $ 18.9 billion and $ 11.7 billion as of December 31, 2024 and 2023, respectively, including the cumulative amount of fair value hedging adjustments of $ 27 million and $ 53 million for the respective periods. </context> | us-gaap:HedgedLiabilityFairValueHedge |
The carrying values of the hedged liabilities, recorded within Long-term debt on the Consolidated Balance Sheets, were $ 18.9 billion and $ 11.7 billion as of December 31, 2024 and 2023, respectively, including the cumulative amount of fair value hedging adjustments of $ 27 million and $ 53 million for the respective periods. | text | 27 | monetaryItemType | text: <entity> 27 </entity> <entity type> monetaryItemType </entity type> <context> The carrying values of the hedged liabilities, recorded within Long-term debt on the Consolidated Balance Sheets, were $ 18.9 billion and $ 11.7 billion as of December 31, 2024 and 2023, respectively, including the cumulative amount of fair value hedging adjustments of $ 27 million and $ 53 million for the respective periods. </context> | us-gaap:HedgedLiabilityFairValueHedgeCumulativeIncreaseDecrease |
The carrying values of the hedged liabilities, recorded within Long-term debt on the Consolidated Balance Sheets, were $ 18.9 billion and $ 11.7 billion as of December 31, 2024 and 2023, respectively, including the cumulative amount of fair value hedging adjustments of $ 27 million and $ 53 million for the respective periods. | text | 53 | monetaryItemType | text: <entity> 53 </entity> <entity type> monetaryItemType </entity type> <context> The carrying values of the hedged liabilities, recorded within Long-term debt on the Consolidated Balance Sheets, were $ 18.9 billion and $ 11.7 billion as of December 31, 2024 and 2023, respectively, including the cumulative amount of fair value hedging adjustments of $ 27 million and $ 53 million for the respective periods. </context> | us-gaap:HedgedLiabilityFairValueHedgeCumulativeIncreaseDecrease |
A net investment hedge is used to hedge future changes in currency exposure of a net investment in a foreign operation. We primarily designate foreign currency derivatives as net investment hedges to reduce our exposure to changes in currency exchange rates on our investments in non-U.S. subsidiaries. We had notional amounts of approximately $ 14.3 billion and $ 14.1 billion of foreign currency derivatives designated as net investment hedges as of December 31, 2024 and 2023, respectively. The gain or loss on net investment hedges, net of taxes, recorded in AOCI as part of the cumulative translation adjustment, was a gain of $ 816 million, a loss of $ 640 million and a gain of $ 237 million for the years ended December 31, 2024, 2023 and 2022, respectively. Net investment hedge reclassifications out of AOCI into the Consolidated Statements of Income were no t significant for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 14.3 | monetaryItemType | text: <entity> 14.3 </entity> <entity type> monetaryItemType </entity type> <context> A net investment hedge is used to hedge future changes in currency exposure of a net investment in a foreign operation. We primarily designate foreign currency derivatives as net investment hedges to reduce our exposure to changes in currency exchange rates on our investments in non-U.S. subsidiaries. We had notional amounts of approximately $ 14.3 billion and $ 14.1 billion of foreign currency derivatives designated as net investment hedges as of December 31, 2024 and 2023, respectively. The gain or loss on net investment hedges, net of taxes, recorded in AOCI as part of the cumulative translation adjustment, was a gain of $ 816 million, a loss of $ 640 million and a gain of $ 237 million for the years ended December 31, 2024, 2023 and 2022, respectively. Net investment hedge reclassifications out of AOCI into the Consolidated Statements of Income were no t significant for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:DerivativeNotionalAmount |
A net investment hedge is used to hedge future changes in currency exposure of a net investment in a foreign operation. We primarily designate foreign currency derivatives as net investment hedges to reduce our exposure to changes in currency exchange rates on our investments in non-U.S. subsidiaries. We had notional amounts of approximately $ 14.3 billion and $ 14.1 billion of foreign currency derivatives designated as net investment hedges as of December 31, 2024 and 2023, respectively. The gain or loss on net investment hedges, net of taxes, recorded in AOCI as part of the cumulative translation adjustment, was a gain of $ 816 million, a loss of $ 640 million and a gain of $ 237 million for the years ended December 31, 2024, 2023 and 2022, respectively. Net investment hedge reclassifications out of AOCI into the Consolidated Statements of Income were no t significant for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 14.1 | monetaryItemType | text: <entity> 14.1 </entity> <entity type> monetaryItemType </entity type> <context> A net investment hedge is used to hedge future changes in currency exposure of a net investment in a foreign operation. We primarily designate foreign currency derivatives as net investment hedges to reduce our exposure to changes in currency exchange rates on our investments in non-U.S. subsidiaries. We had notional amounts of approximately $ 14.3 billion and $ 14.1 billion of foreign currency derivatives designated as net investment hedges as of December 31, 2024 and 2023, respectively. The gain or loss on net investment hedges, net of taxes, recorded in AOCI as part of the cumulative translation adjustment, was a gain of $ 816 million, a loss of $ 640 million and a gain of $ 237 million for the years ended December 31, 2024, 2023 and 2022, respectively. Net investment hedge reclassifications out of AOCI into the Consolidated Statements of Income were no t significant for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:DerivativeNotionalAmount |
A net investment hedge is used to hedge future changes in currency exposure of a net investment in a foreign operation. We primarily designate foreign currency derivatives as net investment hedges to reduce our exposure to changes in currency exchange rates on our investments in non-U.S. subsidiaries. We had notional amounts of approximately $ 14.3 billion and $ 14.1 billion of foreign currency derivatives designated as net investment hedges as of December 31, 2024 and 2023, respectively. The gain or loss on net investment hedges, net of taxes, recorded in AOCI as part of the cumulative translation adjustment, was a gain of $ 816 million, a loss of $ 640 million and a gain of $ 237 million for the years ended December 31, 2024, 2023 and 2022, respectively. Net investment hedge reclassifications out of AOCI into the Consolidated Statements of Income were no t significant for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 816 | monetaryItemType | text: <entity> 816 </entity> <entity type> monetaryItemType </entity type> <context> A net investment hedge is used to hedge future changes in currency exposure of a net investment in a foreign operation. We primarily designate foreign currency derivatives as net investment hedges to reduce our exposure to changes in currency exchange rates on our investments in non-U.S. subsidiaries. We had notional amounts of approximately $ 14.3 billion and $ 14.1 billion of foreign currency derivatives designated as net investment hedges as of December 31, 2024 and 2023, respectively. The gain or loss on net investment hedges, net of taxes, recorded in AOCI as part of the cumulative translation adjustment, was a gain of $ 816 million, a loss of $ 640 million and a gain of $ 237 million for the years ended December 31, 2024, 2023 and 2022, respectively. Net investment hedge reclassifications out of AOCI into the Consolidated Statements of Income were no t significant for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossBeforeReclassificationAndTax |
A net investment hedge is used to hedge future changes in currency exposure of a net investment in a foreign operation. We primarily designate foreign currency derivatives as net investment hedges to reduce our exposure to changes in currency exchange rates on our investments in non-U.S. subsidiaries. We had notional amounts of approximately $ 14.3 billion and $ 14.1 billion of foreign currency derivatives designated as net investment hedges as of December 31, 2024 and 2023, respectively. The gain or loss on net investment hedges, net of taxes, recorded in AOCI as part of the cumulative translation adjustment, was a gain of $ 816 million, a loss of $ 640 million and a gain of $ 237 million for the years ended December 31, 2024, 2023 and 2022, respectively. Net investment hedge reclassifications out of AOCI into the Consolidated Statements of Income were no t significant for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 640 | monetaryItemType | text: <entity> 640 </entity> <entity type> monetaryItemType </entity type> <context> A net investment hedge is used to hedge future changes in currency exposure of a net investment in a foreign operation. We primarily designate foreign currency derivatives as net investment hedges to reduce our exposure to changes in currency exchange rates on our investments in non-U.S. subsidiaries. We had notional amounts of approximately $ 14.3 billion and $ 14.1 billion of foreign currency derivatives designated as net investment hedges as of December 31, 2024 and 2023, respectively. The gain or loss on net investment hedges, net of taxes, recorded in AOCI as part of the cumulative translation adjustment, was a gain of $ 816 million, a loss of $ 640 million and a gain of $ 237 million for the years ended December 31, 2024, 2023 and 2022, respectively. Net investment hedge reclassifications out of AOCI into the Consolidated Statements of Income were no t significant for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossBeforeReclassificationAndTax |
A net investment hedge is used to hedge future changes in currency exposure of a net investment in a foreign operation. We primarily designate foreign currency derivatives as net investment hedges to reduce our exposure to changes in currency exchange rates on our investments in non-U.S. subsidiaries. We had notional amounts of approximately $ 14.3 billion and $ 14.1 billion of foreign currency derivatives designated as net investment hedges as of December 31, 2024 and 2023, respectively. The gain or loss on net investment hedges, net of taxes, recorded in AOCI as part of the cumulative translation adjustment, was a gain of $ 816 million, a loss of $ 640 million and a gain of $ 237 million for the years ended December 31, 2024, 2023 and 2022, respectively. Net investment hedge reclassifications out of AOCI into the Consolidated Statements of Income were no t significant for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 237 | monetaryItemType | text: <entity> 237 </entity> <entity type> monetaryItemType </entity type> <context> A net investment hedge is used to hedge future changes in currency exposure of a net investment in a foreign operation. We primarily designate foreign currency derivatives as net investment hedges to reduce our exposure to changes in currency exchange rates on our investments in non-U.S. subsidiaries. We had notional amounts of approximately $ 14.3 billion and $ 14.1 billion of foreign currency derivatives designated as net investment hedges as of December 31, 2024 and 2023, respectively. The gain or loss on net investment hedges, net of taxes, recorded in AOCI as part of the cumulative translation adjustment, was a gain of $ 816 million, a loss of $ 640 million and a gain of $ 237 million for the years ended December 31, 2024, 2023 and 2022, respectively. Net investment hedge reclassifications out of AOCI into the Consolidated Statements of Income were no t significant for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossBeforeReclassificationAndTax |
The changes in the fair value of derivatives that are not designated as hedges are primarily intended to offset the related foreign exchange gains or losses of the underlying foreign currency exposures. We had notional amounts of approximately $ 28.8 billion and $ 25.3 billion as of December 31, 2024 and 2023, respectively. The changes in the fair value of the derivatives and the related underlying foreign currency exposures resulted in net gains of $ 102 million, $ 82 million and $ 8 million for the years ended December 31, 2024, 2023 and 2022, respectively, that are recognized in Other, net expenses in the Consolidated Statements of Income. | text | 28.8 | monetaryItemType | text: <entity> 28.8 </entity> <entity type> monetaryItemType </entity type> <context> The changes in the fair value of derivatives that are not designated as hedges are primarily intended to offset the related foreign exchange gains or losses of the underlying foreign currency exposures. We had notional amounts of approximately $ 28.8 billion and $ 25.3 billion as of December 31, 2024 and 2023, respectively. The changes in the fair value of the derivatives and the related underlying foreign currency exposures resulted in net gains of $ 102 million, $ 82 million and $ 8 million for the years ended December 31, 2024, 2023 and 2022, respectively, that are recognized in Other, net expenses in the Consolidated Statements of Income. </context> | us-gaap:DerivativeNotionalAmount |
The changes in the fair value of derivatives that are not designated as hedges are primarily intended to offset the related foreign exchange gains or losses of the underlying foreign currency exposures. We had notional amounts of approximately $ 28.8 billion and $ 25.3 billion as of December 31, 2024 and 2023, respectively. The changes in the fair value of the derivatives and the related underlying foreign currency exposures resulted in net gains of $ 102 million, $ 82 million and $ 8 million for the years ended December 31, 2024, 2023 and 2022, respectively, that are recognized in Other, net expenses in the Consolidated Statements of Income. | text | 25.3 | monetaryItemType | text: <entity> 25.3 </entity> <entity type> monetaryItemType </entity type> <context> The changes in the fair value of derivatives that are not designated as hedges are primarily intended to offset the related foreign exchange gains or losses of the underlying foreign currency exposures. We had notional amounts of approximately $ 28.8 billion and $ 25.3 billion as of December 31, 2024 and 2023, respectively. The changes in the fair value of the derivatives and the related underlying foreign currency exposures resulted in net gains of $ 102 million, $ 82 million and $ 8 million for the years ended December 31, 2024, 2023 and 2022, respectively, that are recognized in Other, net expenses in the Consolidated Statements of Income. </context> | us-gaap:DerivativeNotionalAmount |
Our embedded derivative related to seller earnout shares granted to us upon the completion of a business combination in the second quarter of 2022 between our equity method investee, American Express Global Business Travel, and Apollo Strategic Growth Capital (C Ordinary Shares of GBT JerseyCo Limited) had a notional amount of $ 78 million as of both December 31, 2024 and 2023. This embedded derivative had a fair value of $ 31 million and $ 18 million as of December 31, 2024 and 2023, respectively. The changes in the fair value of the embedded derivative resulted in a gain of $ 13 million, a loss of $ 9 million and a gain of $ 4 million for the years ended December 31, 2024, 2023 and 2022, respectively, which were recognized in Service fees and other revenue in the Consolidated Statements of Income. | text | 31 | monetaryItemType | text: <entity> 31 </entity> <entity type> monetaryItemType </entity type> <context> Our embedded derivative related to seller earnout shares granted to us upon the completion of a business combination in the second quarter of 2022 between our equity method investee, American Express Global Business Travel, and Apollo Strategic Growth Capital (C Ordinary Shares of GBT JerseyCo Limited) had a notional amount of $ 78 million as of both December 31, 2024 and 2023. This embedded derivative had a fair value of $ 31 million and $ 18 million as of December 31, 2024 and 2023, respectively. The changes in the fair value of the embedded derivative resulted in a gain of $ 13 million, a loss of $ 9 million and a gain of $ 4 million for the years ended December 31, 2024, 2023 and 2022, respectively, which were recognized in Service fees and other revenue in the Consolidated Statements of Income. </context> | us-gaap:EmbeddedDerivativeFairValueOfEmbeddedDerivativeAsset |
Our embedded derivative related to seller earnout shares granted to us upon the completion of a business combination in the second quarter of 2022 between our equity method investee, American Express Global Business Travel, and Apollo Strategic Growth Capital (C Ordinary Shares of GBT JerseyCo Limited) had a notional amount of $ 78 million as of both December 31, 2024 and 2023. This embedded derivative had a fair value of $ 31 million and $ 18 million as of December 31, 2024 and 2023, respectively. The changes in the fair value of the embedded derivative resulted in a gain of $ 13 million, a loss of $ 9 million and a gain of $ 4 million for the years ended December 31, 2024, 2023 and 2022, respectively, which were recognized in Service fees and other revenue in the Consolidated Statements of Income. | text | 18 | monetaryItemType | text: <entity> 18 </entity> <entity type> monetaryItemType </entity type> <context> Our embedded derivative related to seller earnout shares granted to us upon the completion of a business combination in the second quarter of 2022 between our equity method investee, American Express Global Business Travel, and Apollo Strategic Growth Capital (C Ordinary Shares of GBT JerseyCo Limited) had a notional amount of $ 78 million as of both December 31, 2024 and 2023. This embedded derivative had a fair value of $ 31 million and $ 18 million as of December 31, 2024 and 2023, respectively. The changes in the fair value of the embedded derivative resulted in a gain of $ 13 million, a loss of $ 9 million and a gain of $ 4 million for the years ended December 31, 2024, 2023 and 2022, respectively, which were recognized in Service fees and other revenue in the Consolidated Statements of Income. </context> | us-gaap:EmbeddedDerivativeFairValueOfEmbeddedDerivativeAsset |
Our embedded derivative related to seller earnout shares granted to us upon the completion of a business combination in the second quarter of 2022 between our equity method investee, American Express Global Business Travel, and Apollo Strategic Growth Capital (C Ordinary Shares of GBT JerseyCo Limited) had a notional amount of $ 78 million as of both December 31, 2024 and 2023. This embedded derivative had a fair value of $ 31 million and $ 18 million as of December 31, 2024 and 2023, respectively. The changes in the fair value of the embedded derivative resulted in a gain of $ 13 million, a loss of $ 9 million and a gain of $ 4 million for the years ended December 31, 2024, 2023 and 2022, respectively, which were recognized in Service fees and other revenue in the Consolidated Statements of Income. | text | 13 | monetaryItemType | text: <entity> 13 </entity> <entity type> monetaryItemType </entity type> <context> Our embedded derivative related to seller earnout shares granted to us upon the completion of a business combination in the second quarter of 2022 between our equity method investee, American Express Global Business Travel, and Apollo Strategic Growth Capital (C Ordinary Shares of GBT JerseyCo Limited) had a notional amount of $ 78 million as of both December 31, 2024 and 2023. This embedded derivative had a fair value of $ 31 million and $ 18 million as of December 31, 2024 and 2023, respectively. The changes in the fair value of the embedded derivative resulted in a gain of $ 13 million, a loss of $ 9 million and a gain of $ 4 million for the years ended December 31, 2024, 2023 and 2022, respectively, which were recognized in Service fees and other revenue in the Consolidated Statements of Income. </context> | us-gaap:EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet |
Our embedded derivative related to seller earnout shares granted to us upon the completion of a business combination in the second quarter of 2022 between our equity method investee, American Express Global Business Travel, and Apollo Strategic Growth Capital (C Ordinary Shares of GBT JerseyCo Limited) had a notional amount of $ 78 million as of both December 31, 2024 and 2023. This embedded derivative had a fair value of $ 31 million and $ 18 million as of December 31, 2024 and 2023, respectively. The changes in the fair value of the embedded derivative resulted in a gain of $ 13 million, a loss of $ 9 million and a gain of $ 4 million for the years ended December 31, 2024, 2023 and 2022, respectively, which were recognized in Service fees and other revenue in the Consolidated Statements of Income. | text | 9 | monetaryItemType | text: <entity> 9 </entity> <entity type> monetaryItemType </entity type> <context> Our embedded derivative related to seller earnout shares granted to us upon the completion of a business combination in the second quarter of 2022 between our equity method investee, American Express Global Business Travel, and Apollo Strategic Growth Capital (C Ordinary Shares of GBT JerseyCo Limited) had a notional amount of $ 78 million as of both December 31, 2024 and 2023. This embedded derivative had a fair value of $ 31 million and $ 18 million as of December 31, 2024 and 2023, respectively. The changes in the fair value of the embedded derivative resulted in a gain of $ 13 million, a loss of $ 9 million and a gain of $ 4 million for the years ended December 31, 2024, 2023 and 2022, respectively, which were recognized in Service fees and other revenue in the Consolidated Statements of Income. </context> | us-gaap:EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet |
Our embedded derivative related to seller earnout shares granted to us upon the completion of a business combination in the second quarter of 2022 between our equity method investee, American Express Global Business Travel, and Apollo Strategic Growth Capital (C Ordinary Shares of GBT JerseyCo Limited) had a notional amount of $ 78 million as of both December 31, 2024 and 2023. This embedded derivative had a fair value of $ 31 million and $ 18 million as of December 31, 2024 and 2023, respectively. The changes in the fair value of the embedded derivative resulted in a gain of $ 13 million, a loss of $ 9 million and a gain of $ 4 million for the years ended December 31, 2024, 2023 and 2022, respectively, which were recognized in Service fees and other revenue in the Consolidated Statements of Income. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> Our embedded derivative related to seller earnout shares granted to us upon the completion of a business combination in the second quarter of 2022 between our equity method investee, American Express Global Business Travel, and Apollo Strategic Growth Capital (C Ordinary Shares of GBT JerseyCo Limited) had a notional amount of $ 78 million as of both December 31, 2024 and 2023. This embedded derivative had a fair value of $ 31 million and $ 18 million as of December 31, 2024 and 2023, respectively. The changes in the fair value of the embedded derivative resulted in a gain of $ 13 million, a loss of $ 9 million and a gain of $ 4 million for the years ended December 31, 2024, 2023 and 2022, respectively, which were recognized in Service fees and other revenue in the Consolidated Statements of Income. </context> | us-gaap:EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet |
Card Member receivables (including fair values of Card Member receivables of $ 3.9 billion and $ 4.6 billion held by a consolidated VIE as of December 31, 2024 and 2023, respectively), other receivables and other miscellaneous assets. | text | 3.9 | monetaryItemType | text: <entity> 3.9 </entity> <entity type> monetaryItemType </entity type> <context> Card Member receivables (including fair values of Card Member receivables of $ 3.9 billion and $ 4.6 billion held by a consolidated VIE as of December 31, 2024 and 2023, respectively), other receivables and other miscellaneous assets. </context> | us-gaap:NotesReceivableGross |
Card Member receivables (including fair values of Card Member receivables of $ 3.9 billion and $ 4.6 billion held by a consolidated VIE as of December 31, 2024 and 2023, respectively), other receivables and other miscellaneous assets. | text | 4.6 | monetaryItemType | text: <entity> 4.6 </entity> <entity type> monetaryItemType </entity type> <context> Card Member receivables (including fair values of Card Member receivables of $ 3.9 billion and $ 4.6 billion held by a consolidated VIE as of December 31, 2024 and 2023, respectively), other receivables and other miscellaneous assets. </context> | us-gaap:NotesReceivableGross |
Balances include amounts held by a consolidated VIE for which the fair values of Card Member loans were $ 28.3 billion and $ 28.6 billion as of December 31, 2024 and 2023, respectively, and the fair values of Long-term debt were $ 14.0 billion and $ 13.3 billion as of December 31, 2024 and 2023, respectively. | text | 28.3 | monetaryItemType | text: <entity> 28.3 </entity> <entity type> monetaryItemType </entity type> <context> Balances include amounts held by a consolidated VIE for which the fair values of Card Member loans were $ 28.3 billion and $ 28.6 billion as of December 31, 2024 and 2023, respectively, and the fair values of Long-term debt were $ 14.0 billion and $ 13.3 billion as of December 31, 2024 and 2023, respectively. </context> | us-gaap:NotesReceivableGross |
Balances include amounts held by a consolidated VIE for which the fair values of Card Member loans were $ 28.3 billion and $ 28.6 billion as of December 31, 2024 and 2023, respectively, and the fair values of Long-term debt were $ 14.0 billion and $ 13.3 billion as of December 31, 2024 and 2023, respectively. | text | 28.6 | monetaryItemType | text: <entity> 28.6 </entity> <entity type> monetaryItemType </entity type> <context> Balances include amounts held by a consolidated VIE for which the fair values of Card Member loans were $ 28.3 billion and $ 28.6 billion as of December 31, 2024 and 2023, respectively, and the fair values of Long-term debt were $ 14.0 billion and $ 13.3 billion as of December 31, 2024 and 2023, respectively. </context> | us-gaap:NotesReceivableGross |
Balances include amounts held by a consolidated VIE for which the fair values of Card Member loans were $ 28.3 billion and $ 28.6 billion as of December 31, 2024 and 2023, respectively, and the fair values of Long-term debt were $ 14.0 billion and $ 13.3 billion as of December 31, 2024 and 2023, respectively. | text | 14.0 | monetaryItemType | text: <entity> 14.0 </entity> <entity type> monetaryItemType </entity type> <context> Balances include amounts held by a consolidated VIE for which the fair values of Card Member loans were $ 28.3 billion and $ 28.6 billion as of December 31, 2024 and 2023, respectively, and the fair values of Long-term debt were $ 14.0 billion and $ 13.3 billion as of December 31, 2024 and 2023, respectively. </context> | us-gaap:LongTermDebtFairValue |
Balances include amounts held by a consolidated VIE for which the fair values of Card Member loans were $ 28.3 billion and $ 28.6 billion as of December 31, 2024 and 2023, respectively, and the fair values of Long-term debt were $ 14.0 billion and $ 13.3 billion as of December 31, 2024 and 2023, respectively. | text | 13.3 | monetaryItemType | text: <entity> 13.3 </entity> <entity type> monetaryItemType </entity type> <context> Balances include amounts held by a consolidated VIE for which the fair values of Card Member loans were $ 28.3 billion and $ 28.6 billion as of December 31, 2024 and 2023, respectively, and the fair values of Long-term debt were $ 14.0 billion and $ 13.3 billion as of December 31, 2024 and 2023, respectively. </context> | us-gaap:LongTermDebtFairValue |
The carrying value of equity investments without readily determinable fair values totaled $ 0.9 billion as of both December 31, 2024 and 2023, of which investments representing nonrecurring Level 3 fair value measurement were $ 1 million and nil as of December 31, 2024 and 2023, respectively. These amounts are included within Other assets on the Consolidated Balance Sheets. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> The carrying value of equity investments without readily determinable fair values totaled $ 0.9 billion as of both December 31, 2024 and 2023, of which investments representing nonrecurring Level 3 fair value measurement were $ 1 million and nil as of December 31, 2024 and 2023, respectively. These amounts are included within Other assets on the Consolidated Balance Sheets. </context> | us-gaap:EquitySecuritiesWithoutReadilyDeterminableFairValueAmount |
The carrying value of equity investments without readily determinable fair values totaled $ 0.9 billion as of both December 31, 2024 and 2023, of which investments representing nonrecurring Level 3 fair value measurement were $ 1 million and nil as of December 31, 2024 and 2023, respectively. These amounts are included within Other assets on the Consolidated Balance Sheets. | text | nil | monetaryItemType | text: <entity> nil </entity> <entity type> monetaryItemType </entity type> <context> The carrying value of equity investments without readily determinable fair values totaled $ 0.9 billion as of both December 31, 2024 and 2023, of which investments representing nonrecurring Level 3 fair value measurement were $ 1 million and nil as of December 31, 2024 and 2023, respectively. These amounts are included within Other assets on the Consolidated Balance Sheets. </context> | us-gaap:EquitySecuritiesWithoutReadilyDeterminableFairValueAmount |
We recorded unrealized gains of $ 85 million, $ 18 million and $ 94 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized losses were $ 37 million, $ 142 million and $ 388 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized gains and losses are recorded in Other, net on the Consolidated Statements of Income. Since the adoption of new accounting guidance on the recognition and measurement of financial assets and financial liabilities on January 1, 2018, cumulative unrealized gains for equity investments without readily determinable fair values totaled $ 1.1 billion as of both December 31, 2024 and 2023, and cumulative unrealized losses were $ 460 million and $ 431 million as of December 31, 2024 and 2023, respectively. | text | 85 | monetaryItemType | text: <entity> 85 </entity> <entity type> monetaryItemType </entity type> <context> We recorded unrealized gains of $ 85 million, $ 18 million and $ 94 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized losses were $ 37 million, $ 142 million and $ 388 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized gains and losses are recorded in Other, net on the Consolidated Statements of Income. Since the adoption of new accounting guidance on the recognition and measurement of financial assets and financial liabilities on January 1, 2018, cumulative unrealized gains for equity investments without readily determinable fair values totaled $ 1.1 billion as of both December 31, 2024 and 2023, and cumulative unrealized losses were $ 460 million and $ 431 million as of December 31, 2024 and 2023, respectively. </context> | us-gaap:EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount |
We recorded unrealized gains of $ 85 million, $ 18 million and $ 94 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized losses were $ 37 million, $ 142 million and $ 388 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized gains and losses are recorded in Other, net on the Consolidated Statements of Income. Since the adoption of new accounting guidance on the recognition and measurement of financial assets and financial liabilities on January 1, 2018, cumulative unrealized gains for equity investments without readily determinable fair values totaled $ 1.1 billion as of both December 31, 2024 and 2023, and cumulative unrealized losses were $ 460 million and $ 431 million as of December 31, 2024 and 2023, respectively. | text | 18 | monetaryItemType | text: <entity> 18 </entity> <entity type> monetaryItemType </entity type> <context> We recorded unrealized gains of $ 85 million, $ 18 million and $ 94 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized losses were $ 37 million, $ 142 million and $ 388 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized gains and losses are recorded in Other, net on the Consolidated Statements of Income. Since the adoption of new accounting guidance on the recognition and measurement of financial assets and financial liabilities on January 1, 2018, cumulative unrealized gains for equity investments without readily determinable fair values totaled $ 1.1 billion as of both December 31, 2024 and 2023, and cumulative unrealized losses were $ 460 million and $ 431 million as of December 31, 2024 and 2023, respectively. </context> | us-gaap:EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount |
We recorded unrealized gains of $ 85 million, $ 18 million and $ 94 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized losses were $ 37 million, $ 142 million and $ 388 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized gains and losses are recorded in Other, net on the Consolidated Statements of Income. Since the adoption of new accounting guidance on the recognition and measurement of financial assets and financial liabilities on January 1, 2018, cumulative unrealized gains for equity investments without readily determinable fair values totaled $ 1.1 billion as of both December 31, 2024 and 2023, and cumulative unrealized losses were $ 460 million and $ 431 million as of December 31, 2024 and 2023, respectively. | text | 94 | monetaryItemType | text: <entity> 94 </entity> <entity type> monetaryItemType </entity type> <context> We recorded unrealized gains of $ 85 million, $ 18 million and $ 94 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized losses were $ 37 million, $ 142 million and $ 388 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized gains and losses are recorded in Other, net on the Consolidated Statements of Income. Since the adoption of new accounting guidance on the recognition and measurement of financial assets and financial liabilities on January 1, 2018, cumulative unrealized gains for equity investments without readily determinable fair values totaled $ 1.1 billion as of both December 31, 2024 and 2023, and cumulative unrealized losses were $ 460 million and $ 431 million as of December 31, 2024 and 2023, respectively. </context> | us-gaap:EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount |
We recorded unrealized gains of $ 85 million, $ 18 million and $ 94 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized losses were $ 37 million, $ 142 million and $ 388 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized gains and losses are recorded in Other, net on the Consolidated Statements of Income. Since the adoption of new accounting guidance on the recognition and measurement of financial assets and financial liabilities on January 1, 2018, cumulative unrealized gains for equity investments without readily determinable fair values totaled $ 1.1 billion as of both December 31, 2024 and 2023, and cumulative unrealized losses were $ 460 million and $ 431 million as of December 31, 2024 and 2023, respectively. | text | 37 | monetaryItemType | text: <entity> 37 </entity> <entity type> monetaryItemType </entity type> <context> We recorded unrealized gains of $ 85 million, $ 18 million and $ 94 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized losses were $ 37 million, $ 142 million and $ 388 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized gains and losses are recorded in Other, net on the Consolidated Statements of Income. Since the adoption of new accounting guidance on the recognition and measurement of financial assets and financial liabilities on January 1, 2018, cumulative unrealized gains for equity investments without readily determinable fair values totaled $ 1.1 billion as of both December 31, 2024 and 2023, and cumulative unrealized losses were $ 460 million and $ 431 million as of December 31, 2024 and 2023, respectively. </context> | us-gaap:EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentAnnualAmount |
We recorded unrealized gains of $ 85 million, $ 18 million and $ 94 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized losses were $ 37 million, $ 142 million and $ 388 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized gains and losses are recorded in Other, net on the Consolidated Statements of Income. Since the adoption of new accounting guidance on the recognition and measurement of financial assets and financial liabilities on January 1, 2018, cumulative unrealized gains for equity investments without readily determinable fair values totaled $ 1.1 billion as of both December 31, 2024 and 2023, and cumulative unrealized losses were $ 460 million and $ 431 million as of December 31, 2024 and 2023, respectively. | text | 142 | monetaryItemType | text: <entity> 142 </entity> <entity type> monetaryItemType </entity type> <context> We recorded unrealized gains of $ 85 million, $ 18 million and $ 94 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized losses were $ 37 million, $ 142 million and $ 388 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized gains and losses are recorded in Other, net on the Consolidated Statements of Income. Since the adoption of new accounting guidance on the recognition and measurement of financial assets and financial liabilities on January 1, 2018, cumulative unrealized gains for equity investments without readily determinable fair values totaled $ 1.1 billion as of both December 31, 2024 and 2023, and cumulative unrealized losses were $ 460 million and $ 431 million as of December 31, 2024 and 2023, respectively. </context> | us-gaap:EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentAnnualAmount |
We recorded unrealized gains of $ 85 million, $ 18 million and $ 94 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized losses were $ 37 million, $ 142 million and $ 388 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized gains and losses are recorded in Other, net on the Consolidated Statements of Income. Since the adoption of new accounting guidance on the recognition and measurement of financial assets and financial liabilities on January 1, 2018, cumulative unrealized gains for equity investments without readily determinable fair values totaled $ 1.1 billion as of both December 31, 2024 and 2023, and cumulative unrealized losses were $ 460 million and $ 431 million as of December 31, 2024 and 2023, respectively. | text | 388 | monetaryItemType | text: <entity> 388 </entity> <entity type> monetaryItemType </entity type> <context> We recorded unrealized gains of $ 85 million, $ 18 million and $ 94 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized losses were $ 37 million, $ 142 million and $ 388 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized gains and losses are recorded in Other, net on the Consolidated Statements of Income. Since the adoption of new accounting guidance on the recognition and measurement of financial assets and financial liabilities on January 1, 2018, cumulative unrealized gains for equity investments without readily determinable fair values totaled $ 1.1 billion as of both December 31, 2024 and 2023, and cumulative unrealized losses were $ 460 million and $ 431 million as of December 31, 2024 and 2023, respectively. </context> | us-gaap:EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentAnnualAmount |
We recorded unrealized gains of $ 85 million, $ 18 million and $ 94 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized losses were $ 37 million, $ 142 million and $ 388 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized gains and losses are recorded in Other, net on the Consolidated Statements of Income. Since the adoption of new accounting guidance on the recognition and measurement of financial assets and financial liabilities on January 1, 2018, cumulative unrealized gains for equity investments without readily determinable fair values totaled $ 1.1 billion as of both December 31, 2024 and 2023, and cumulative unrealized losses were $ 460 million and $ 431 million as of December 31, 2024 and 2023, respectively. | text | 460 | monetaryItemType | text: <entity> 460 </entity> <entity type> monetaryItemType </entity type> <context> We recorded unrealized gains of $ 85 million, $ 18 million and $ 94 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized losses were $ 37 million, $ 142 million and $ 388 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized gains and losses are recorded in Other, net on the Consolidated Statements of Income. Since the adoption of new accounting guidance on the recognition and measurement of financial assets and financial liabilities on January 1, 2018, cumulative unrealized gains for equity investments without readily determinable fair values totaled $ 1.1 billion as of both December 31, 2024 and 2023, and cumulative unrealized losses were $ 460 million and $ 431 million as of December 31, 2024 and 2023, respectively. </context> | us-gaap:EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentCumulativeAmount |
We recorded unrealized gains of $ 85 million, $ 18 million and $ 94 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized losses were $ 37 million, $ 142 million and $ 388 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized gains and losses are recorded in Other, net on the Consolidated Statements of Income. Since the adoption of new accounting guidance on the recognition and measurement of financial assets and financial liabilities on January 1, 2018, cumulative unrealized gains for equity investments without readily determinable fair values totaled $ 1.1 billion as of both December 31, 2024 and 2023, and cumulative unrealized losses were $ 460 million and $ 431 million as of December 31, 2024 and 2023, respectively. | text | 431 | monetaryItemType | text: <entity> 431 </entity> <entity type> monetaryItemType </entity type> <context> We recorded unrealized gains of $ 85 million, $ 18 million and $ 94 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized losses were $ 37 million, $ 142 million and $ 388 million for the years ended December 31, 2024, 2023 and 2022, respectively. Unrealized gains and losses are recorded in Other, net on the Consolidated Statements of Income. Since the adoption of new accounting guidance on the recognition and measurement of financial assets and financial liabilities on January 1, 2018, cumulative unrealized gains for equity investments without readily determinable fair values totaled $ 1.1 billion as of both December 31, 2024 and 2023, and cumulative unrealized losses were $ 460 million and $ 431 million as of December 31, 2024 and 2023, respectively. </context> | us-gaap:EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentCumulativeAmount |
The maximum potential undiscounted future payments and related liability resulting from guarantees and indemnifications provided by us in the ordinary course of business were $ 1 billion and $ 10 million, respectively, as of December 31, 2024 and $ 1 billion and $ 24 million, respectively, as of December 31, 2023, all of which were primarily related to our real estate arrangements and business dispositions. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> The maximum potential undiscounted future payments and related liability resulting from guarantees and indemnifications provided by us in the ordinary course of business were $ 1 billion and $ 10 million, respectively, as of December 31, 2024 and $ 1 billion and $ 24 million, respectively, as of December 31, 2023, all of which were primarily related to our real estate arrangements and business dispositions. </context> | us-gaap:GuaranteeObligationsMaximumExposure |
The maximum potential undiscounted future payments and related liability resulting from guarantees and indemnifications provided by us in the ordinary course of business were $ 1 billion and $ 10 million, respectively, as of December 31, 2024 and $ 1 billion and $ 24 million, respectively, as of December 31, 2023, all of which were primarily related to our real estate arrangements and business dispositions. | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> The maximum potential undiscounted future payments and related liability resulting from guarantees and indemnifications provided by us in the ordinary course of business were $ 1 billion and $ 10 million, respectively, as of December 31, 2024 and $ 1 billion and $ 24 million, respectively, as of December 31, 2023, all of which were primarily related to our real estate arrangements and business dispositions. </context> | us-gaap:GuaranteeObligationsCurrentCarryingValue |
The maximum potential undiscounted future payments and related liability resulting from guarantees and indemnifications provided by us in the ordinary course of business were $ 1 billion and $ 10 million, respectively, as of December 31, 2024 and $ 1 billion and $ 24 million, respectively, as of December 31, 2023, all of which were primarily related to our real estate arrangements and business dispositions. | text | 24 | monetaryItemType | text: <entity> 24 </entity> <entity type> monetaryItemType </entity type> <context> The maximum potential undiscounted future payments and related liability resulting from guarantees and indemnifications provided by us in the ordinary course of business were $ 1 billion and $ 10 million, respectively, as of December 31, 2024 and $ 1 billion and $ 24 million, respectively, as of December 31, 2023, all of which were primarily related to our real estate arrangements and business dispositions. </context> | us-gaap:GuaranteeObligationsCurrentCarryingValue |
Of the common shares authorized but unissued as of December 31, 2024, approximately 27 million shares are reserved for issuance under employee stock and employee benefit plans. | text | 27 | sharesItemType | text: <entity> 27 </entity> <entity type> sharesItemType </entity type> <context> Of the common shares authorized but unissued as of December 31, 2024, approximately 27 million shares are reserved for issuance under employee stock and employee benefit plans. </context> | us-gaap:CommonStockCapitalSharesReservedForFutureIssuance |
On March 8, 2023, the Board of Directors authorized the repurchase of up to 120 million common shares from time to time, subject to market conditions and in accordance with our capital plans. This authorization replaced the prior repurchase authorization made on September 23, 2019. During 2024, 2023 and 2022, we repurchased 24 million common shares with a cost of $ 5.9 billion, 22 million common shares with a cost of $ 3.5 billion, and 20 million common shares with a cost of $ 3.3 billion, respectively. The cost includes excise tax and commissions of $ 55 million and $ 32 million in 2024 and 2023, respectively, and commissions of $ 4 million in 2022. As of December 31, 2024, we had approximately 75 million common shares remaining under the Board share repurchase authorization. | text | 24 | sharesItemType | text: <entity> 24 </entity> <entity type> sharesItemType </entity type> <context> On March 8, 2023, the Board of Directors authorized the repurchase of up to 120 million common shares from time to time, subject to market conditions and in accordance with our capital plans. This authorization replaced the prior repurchase authorization made on September 23, 2019. During 2024, 2023 and 2022, we repurchased 24 million common shares with a cost of $ 5.9 billion, 22 million common shares with a cost of $ 3.5 billion, and 20 million common shares with a cost of $ 3.3 billion, respectively. The cost includes excise tax and commissions of $ 55 million and $ 32 million in 2024 and 2023, respectively, and commissions of $ 4 million in 2022. As of December 31, 2024, we had approximately 75 million common shares remaining under the Board share repurchase authorization. </context> | us-gaap:TreasuryStockSharesAcquired |
On March 8, 2023, the Board of Directors authorized the repurchase of up to 120 million common shares from time to time, subject to market conditions and in accordance with our capital plans. This authorization replaced the prior repurchase authorization made on September 23, 2019. During 2024, 2023 and 2022, we repurchased 24 million common shares with a cost of $ 5.9 billion, 22 million common shares with a cost of $ 3.5 billion, and 20 million common shares with a cost of $ 3.3 billion, respectively. The cost includes excise tax and commissions of $ 55 million and $ 32 million in 2024 and 2023, respectively, and commissions of $ 4 million in 2022. As of December 31, 2024, we had approximately 75 million common shares remaining under the Board share repurchase authorization. | text | 5.9 | monetaryItemType | text: <entity> 5.9 </entity> <entity type> monetaryItemType </entity type> <context> On March 8, 2023, the Board of Directors authorized the repurchase of up to 120 million common shares from time to time, subject to market conditions and in accordance with our capital plans. This authorization replaced the prior repurchase authorization made on September 23, 2019. During 2024, 2023 and 2022, we repurchased 24 million common shares with a cost of $ 5.9 billion, 22 million common shares with a cost of $ 3.5 billion, and 20 million common shares with a cost of $ 3.3 billion, respectively. The cost includes excise tax and commissions of $ 55 million and $ 32 million in 2024 and 2023, respectively, and commissions of $ 4 million in 2022. As of December 31, 2024, we had approximately 75 million common shares remaining under the Board share repurchase authorization. </context> | us-gaap:PaymentsForRepurchaseOfCommonStock |
On March 8, 2023, the Board of Directors authorized the repurchase of up to 120 million common shares from time to time, subject to market conditions and in accordance with our capital plans. This authorization replaced the prior repurchase authorization made on September 23, 2019. During 2024, 2023 and 2022, we repurchased 24 million common shares with a cost of $ 5.9 billion, 22 million common shares with a cost of $ 3.5 billion, and 20 million common shares with a cost of $ 3.3 billion, respectively. The cost includes excise tax and commissions of $ 55 million and $ 32 million in 2024 and 2023, respectively, and commissions of $ 4 million in 2022. As of December 31, 2024, we had approximately 75 million common shares remaining under the Board share repurchase authorization. | text | 22 | sharesItemType | text: <entity> 22 </entity> <entity type> sharesItemType </entity type> <context> On March 8, 2023, the Board of Directors authorized the repurchase of up to 120 million common shares from time to time, subject to market conditions and in accordance with our capital plans. This authorization replaced the prior repurchase authorization made on September 23, 2019. During 2024, 2023 and 2022, we repurchased 24 million common shares with a cost of $ 5.9 billion, 22 million common shares with a cost of $ 3.5 billion, and 20 million common shares with a cost of $ 3.3 billion, respectively. The cost includes excise tax and commissions of $ 55 million and $ 32 million in 2024 and 2023, respectively, and commissions of $ 4 million in 2022. As of December 31, 2024, we had approximately 75 million common shares remaining under the Board share repurchase authorization. </context> | us-gaap:TreasuryStockSharesAcquired |
On March 8, 2023, the Board of Directors authorized the repurchase of up to 120 million common shares from time to time, subject to market conditions and in accordance with our capital plans. This authorization replaced the prior repurchase authorization made on September 23, 2019. During 2024, 2023 and 2022, we repurchased 24 million common shares with a cost of $ 5.9 billion, 22 million common shares with a cost of $ 3.5 billion, and 20 million common shares with a cost of $ 3.3 billion, respectively. The cost includes excise tax and commissions of $ 55 million and $ 32 million in 2024 and 2023, respectively, and commissions of $ 4 million in 2022. As of December 31, 2024, we had approximately 75 million common shares remaining under the Board share repurchase authorization. | text | 3.5 | monetaryItemType | text: <entity> 3.5 </entity> <entity type> monetaryItemType </entity type> <context> On March 8, 2023, the Board of Directors authorized the repurchase of up to 120 million common shares from time to time, subject to market conditions and in accordance with our capital plans. This authorization replaced the prior repurchase authorization made on September 23, 2019. During 2024, 2023 and 2022, we repurchased 24 million common shares with a cost of $ 5.9 billion, 22 million common shares with a cost of $ 3.5 billion, and 20 million common shares with a cost of $ 3.3 billion, respectively. The cost includes excise tax and commissions of $ 55 million and $ 32 million in 2024 and 2023, respectively, and commissions of $ 4 million in 2022. As of December 31, 2024, we had approximately 75 million common shares remaining under the Board share repurchase authorization. </context> | us-gaap:PaymentsForRepurchaseOfCommonStock |
On March 8, 2023, the Board of Directors authorized the repurchase of up to 120 million common shares from time to time, subject to market conditions and in accordance with our capital plans. This authorization replaced the prior repurchase authorization made on September 23, 2019. During 2024, 2023 and 2022, we repurchased 24 million common shares with a cost of $ 5.9 billion, 22 million common shares with a cost of $ 3.5 billion, and 20 million common shares with a cost of $ 3.3 billion, respectively. The cost includes excise tax and commissions of $ 55 million and $ 32 million in 2024 and 2023, respectively, and commissions of $ 4 million in 2022. As of December 31, 2024, we had approximately 75 million common shares remaining under the Board share repurchase authorization. | text | 20 | sharesItemType | text: <entity> 20 </entity> <entity type> sharesItemType </entity type> <context> On March 8, 2023, the Board of Directors authorized the repurchase of up to 120 million common shares from time to time, subject to market conditions and in accordance with our capital plans. This authorization replaced the prior repurchase authorization made on September 23, 2019. During 2024, 2023 and 2022, we repurchased 24 million common shares with a cost of $ 5.9 billion, 22 million common shares with a cost of $ 3.5 billion, and 20 million common shares with a cost of $ 3.3 billion, respectively. The cost includes excise tax and commissions of $ 55 million and $ 32 million in 2024 and 2023, respectively, and commissions of $ 4 million in 2022. As of December 31, 2024, we had approximately 75 million common shares remaining under the Board share repurchase authorization. </context> | us-gaap:TreasuryStockSharesAcquired |
On March 8, 2023, the Board of Directors authorized the repurchase of up to 120 million common shares from time to time, subject to market conditions and in accordance with our capital plans. This authorization replaced the prior repurchase authorization made on September 23, 2019. During 2024, 2023 and 2022, we repurchased 24 million common shares with a cost of $ 5.9 billion, 22 million common shares with a cost of $ 3.5 billion, and 20 million common shares with a cost of $ 3.3 billion, respectively. The cost includes excise tax and commissions of $ 55 million and $ 32 million in 2024 and 2023, respectively, and commissions of $ 4 million in 2022. As of December 31, 2024, we had approximately 75 million common shares remaining under the Board share repurchase authorization. | text | 3.3 | monetaryItemType | text: <entity> 3.3 </entity> <entity type> monetaryItemType </entity type> <context> On March 8, 2023, the Board of Directors authorized the repurchase of up to 120 million common shares from time to time, subject to market conditions and in accordance with our capital plans. This authorization replaced the prior repurchase authorization made on September 23, 2019. During 2024, 2023 and 2022, we repurchased 24 million common shares with a cost of $ 5.9 billion, 22 million common shares with a cost of $ 3.5 billion, and 20 million common shares with a cost of $ 3.3 billion, respectively. The cost includes excise tax and commissions of $ 55 million and $ 32 million in 2024 and 2023, respectively, and commissions of $ 4 million in 2022. As of December 31, 2024, we had approximately 75 million common shares remaining under the Board share repurchase authorization. </context> | us-gaap:PaymentsForRepurchaseOfCommonStock |
On March 8, 2023, the Board of Directors authorized the repurchase of up to 120 million common shares from time to time, subject to market conditions and in accordance with our capital plans. This authorization replaced the prior repurchase authorization made on September 23, 2019. During 2024, 2023 and 2022, we repurchased 24 million common shares with a cost of $ 5.9 billion, 22 million common shares with a cost of $ 3.5 billion, and 20 million common shares with a cost of $ 3.3 billion, respectively. The cost includes excise tax and commissions of $ 55 million and $ 32 million in 2024 and 2023, respectively, and commissions of $ 4 million in 2022. As of December 31, 2024, we had approximately 75 million common shares remaining under the Board share repurchase authorization. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> On March 8, 2023, the Board of Directors authorized the repurchase of up to 120 million common shares from time to time, subject to market conditions and in accordance with our capital plans. This authorization replaced the prior repurchase authorization made on September 23, 2019. During 2024, 2023 and 2022, we repurchased 24 million common shares with a cost of $ 5.9 billion, 22 million common shares with a cost of $ 3.5 billion, and 20 million common shares with a cost of $ 3.3 billion, respectively. The cost includes excise tax and commissions of $ 55 million and $ 32 million in 2024 and 2023, respectively, and commissions of $ 4 million in 2022. As of December 31, 2024, we had approximately 75 million common shares remaining under the Board share repurchase authorization. </context> | us-gaap:PaymentsForCommissions |
On March 8, 2023, the Board of Directors authorized the repurchase of up to 120 million common shares from time to time, subject to market conditions and in accordance with our capital plans. This authorization replaced the prior repurchase authorization made on September 23, 2019. During 2024, 2023 and 2022, we repurchased 24 million common shares with a cost of $ 5.9 billion, 22 million common shares with a cost of $ 3.5 billion, and 20 million common shares with a cost of $ 3.3 billion, respectively. The cost includes excise tax and commissions of $ 55 million and $ 32 million in 2024 and 2023, respectively, and commissions of $ 4 million in 2022. As of December 31, 2024, we had approximately 75 million common shares remaining under the Board share repurchase authorization. | text | 75 | sharesItemType | text: <entity> 75 </entity> <entity type> sharesItemType </entity type> <context> On March 8, 2023, the Board of Directors authorized the repurchase of up to 120 million common shares from time to time, subject to market conditions and in accordance with our capital plans. This authorization replaced the prior repurchase authorization made on September 23, 2019. During 2024, 2023 and 2022, we repurchased 24 million common shares with a cost of $ 5.9 billion, 22 million common shares with a cost of $ 3.5 billion, and 20 million common shares with a cost of $ 3.3 billion, respectively. The cost includes excise tax and commissions of $ 55 million and $ 32 million in 2024 and 2023, respectively, and commissions of $ 4 million in 2022. As of December 31, 2024, we had approximately 75 million common shares remaining under the Board share repurchase authorization. </context> | us-gaap:StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased |
Common shares are generally retired by us upon repurchase (except for 2.2 million, 2.3 million and 2.4 million shares held as treasury shares as of December 31, 2024, 2023 and 2022, respectively); retired common shares and treasury shares are excluded from the shares outstanding in the table above. The treasury shares, with a cost basis of $ 243 million, $ 252 million and $ 262 million as of December 31, 2024, 2023 and 2022, respectively, are included as a reduction to Additional paid-in capital in Shareholders’ equity on the Consolidated Balance Sheets. | text | 2.2 | sharesItemType | text: <entity> 2.2 </entity> <entity type> sharesItemType </entity type> <context> Common shares are generally retired by us upon repurchase (except for 2.2 million, 2.3 million and 2.4 million shares held as treasury shares as of December 31, 2024, 2023 and 2022, respectively); retired common shares and treasury shares are excluded from the shares outstanding in the table above. The treasury shares, with a cost basis of $ 243 million, $ 252 million and $ 262 million as of December 31, 2024, 2023 and 2022, respectively, are included as a reduction to Additional paid-in capital in Shareholders’ equity on the Consolidated Balance Sheets. </context> | us-gaap:TreasuryStockCommonShares |
Common shares are generally retired by us upon repurchase (except for 2.2 million, 2.3 million and 2.4 million shares held as treasury shares as of December 31, 2024, 2023 and 2022, respectively); retired common shares and treasury shares are excluded from the shares outstanding in the table above. The treasury shares, with a cost basis of $ 243 million, $ 252 million and $ 262 million as of December 31, 2024, 2023 and 2022, respectively, are included as a reduction to Additional paid-in capital in Shareholders’ equity on the Consolidated Balance Sheets. | text | 2.3 | sharesItemType | text: <entity> 2.3 </entity> <entity type> sharesItemType </entity type> <context> Common shares are generally retired by us upon repurchase (except for 2.2 million, 2.3 million and 2.4 million shares held as treasury shares as of December 31, 2024, 2023 and 2022, respectively); retired common shares and treasury shares are excluded from the shares outstanding in the table above. The treasury shares, with a cost basis of $ 243 million, $ 252 million and $ 262 million as of December 31, 2024, 2023 and 2022, respectively, are included as a reduction to Additional paid-in capital in Shareholders’ equity on the Consolidated Balance Sheets. </context> | us-gaap:TreasuryStockCommonShares |
Common shares are generally retired by us upon repurchase (except for 2.2 million, 2.3 million and 2.4 million shares held as treasury shares as of December 31, 2024, 2023 and 2022, respectively); retired common shares and treasury shares are excluded from the shares outstanding in the table above. The treasury shares, with a cost basis of $ 243 million, $ 252 million and $ 262 million as of December 31, 2024, 2023 and 2022, respectively, are included as a reduction to Additional paid-in capital in Shareholders’ equity on the Consolidated Balance Sheets. | text | 2.4 | sharesItemType | text: <entity> 2.4 </entity> <entity type> sharesItemType </entity type> <context> Common shares are generally retired by us upon repurchase (except for 2.2 million, 2.3 million and 2.4 million shares held as treasury shares as of December 31, 2024, 2023 and 2022, respectively); retired common shares and treasury shares are excluded from the shares outstanding in the table above. The treasury shares, with a cost basis of $ 243 million, $ 252 million and $ 262 million as of December 31, 2024, 2023 and 2022, respectively, are included as a reduction to Additional paid-in capital in Shareholders’ equity on the Consolidated Balance Sheets. </context> | us-gaap:TreasuryStockCommonShares |
Common shares are generally retired by us upon repurchase (except for 2.2 million, 2.3 million and 2.4 million shares held as treasury shares as of December 31, 2024, 2023 and 2022, respectively); retired common shares and treasury shares are excluded from the shares outstanding in the table above. The treasury shares, with a cost basis of $ 243 million, $ 252 million and $ 262 million as of December 31, 2024, 2023 and 2022, respectively, are included as a reduction to Additional paid-in capital in Shareholders’ equity on the Consolidated Balance Sheets. | text | 243 | monetaryItemType | text: <entity> 243 </entity> <entity type> monetaryItemType </entity type> <context> Common shares are generally retired by us upon repurchase (except for 2.2 million, 2.3 million and 2.4 million shares held as treasury shares as of December 31, 2024, 2023 and 2022, respectively); retired common shares and treasury shares are excluded from the shares outstanding in the table above. The treasury shares, with a cost basis of $ 243 million, $ 252 million and $ 262 million as of December 31, 2024, 2023 and 2022, respectively, are included as a reduction to Additional paid-in capital in Shareholders’ equity on the Consolidated Balance Sheets. </context> | us-gaap:TreasuryStockCarryingBasis |
Common shares are generally retired by us upon repurchase (except for 2.2 million, 2.3 million and 2.4 million shares held as treasury shares as of December 31, 2024, 2023 and 2022, respectively); retired common shares and treasury shares are excluded from the shares outstanding in the table above. The treasury shares, with a cost basis of $ 243 million, $ 252 million and $ 262 million as of December 31, 2024, 2023 and 2022, respectively, are included as a reduction to Additional paid-in capital in Shareholders’ equity on the Consolidated Balance Sheets. | text | 252 | monetaryItemType | text: <entity> 252 </entity> <entity type> monetaryItemType </entity type> <context> Common shares are generally retired by us upon repurchase (except for 2.2 million, 2.3 million and 2.4 million shares held as treasury shares as of December 31, 2024, 2023 and 2022, respectively); retired common shares and treasury shares are excluded from the shares outstanding in the table above. The treasury shares, with a cost basis of $ 243 million, $ 252 million and $ 262 million as of December 31, 2024, 2023 and 2022, respectively, are included as a reduction to Additional paid-in capital in Shareholders’ equity on the Consolidated Balance Sheets. </context> | us-gaap:TreasuryStockCarryingBasis |
Common shares are generally retired by us upon repurchase (except for 2.2 million, 2.3 million and 2.4 million shares held as treasury shares as of December 31, 2024, 2023 and 2022, respectively); retired common shares and treasury shares are excluded from the shares outstanding in the table above. The treasury shares, with a cost basis of $ 243 million, $ 252 million and $ 262 million as of December 31, 2024, 2023 and 2022, respectively, are included as a reduction to Additional paid-in capital in Shareholders’ equity on the Consolidated Balance Sheets. | text | 262 | monetaryItemType | text: <entity> 262 </entity> <entity type> monetaryItemType </entity type> <context> Common shares are generally retired by us upon repurchase (except for 2.2 million, 2.3 million and 2.4 million shares held as treasury shares as of December 31, 2024, 2023 and 2022, respectively); retired common shares and treasury shares are excluded from the shares outstanding in the table above. The treasury shares, with a cost basis of $ 243 million, $ 252 million and $ 262 million as of December 31, 2024, 2023 and 2022, respectively, are included as a reduction to Additional paid-in capital in Shareholders’ equity on the Consolidated Balance Sheets. </context> | us-gaap:TreasuryStockCarryingBasis |
The Board of Directors may authorize the issuance of up to 20 million preferred shares at a par value of $1.66 | text | 20 | sharesItemType | text: <entity> 20 </entity> <entity type> sharesItemType </entity type> <context> The Board of Directors may authorize the issuance of up to 20 million preferred shares at a par value of $1.66 </context> | us-gaap:PreferredStockSharesAuthorized |
In the event of the voluntary or involuntary liquidation, dissolution or winding up of the Company, the preferred shares then outstanding take precedence over our common shares for the payment of dividends and the distribution of assets out of funds legally available for distribution to shareholders. We may redeem the outstanding series of preferred shares at $ 1 million per preferred share (equivalent to $ 1,000 per depositary share) plus any declared but unpaid dividends in whole or in part, from time to time, on any dividend payment date on or after the earliest redemption date, or in whole, but not in part, within 90 days of certain bank regulatory changes. | text | 1 | perShareItemType | text: <entity> 1 </entity> <entity type> perShareItemType </entity type> <context> In the event of the voluntary or involuntary liquidation, dissolution or winding up of the Company, the preferred shares then outstanding take precedence over our common shares for the payment of dividends and the distribution of assets out of funds legally available for distribution to shareholders. We may redeem the outstanding series of preferred shares at $ 1 million per preferred share (equivalent to $ 1,000 per depositary share) plus any declared but unpaid dividends in whole or in part, from time to time, on any dividend payment date on or after the earliest redemption date, or in whole, but not in part, within 90 days of certain bank regulatory changes. </context> | us-gaap:PreferredStockRedemptionPricePerShare |
We had $ 217 million, $ 216 million and $ 135 million accrued in total restructuring reserves as of December 31, 2024, 2023 and 2022, respectively. Restructuring expense, which primarily relates to new severance charges, net of revisions to existing reserves, was $ 123 million, $ 179 million and $ 142 million for the years ended December 31, 2024, 2023 and 2022, respectively, and is included within Salaries and employee benefits within our Consolidated Statements of Income. The cumulative cost relating to restructuring programs initiated in 2024 or in prior years that were in progress during 2024 was $ 400 million. There were no programs initiated prior to 2022 that were still in progress during 2024. Cumulative amounts were not material to any reportable operating segment. | text | 217 | monetaryItemType | text: <entity> 217 </entity> <entity type> monetaryItemType </entity type> <context> We had $ 217 million, $ 216 million and $ 135 million accrued in total restructuring reserves as of December 31, 2024, 2023 and 2022, respectively. Restructuring expense, which primarily relates to new severance charges, net of revisions to existing reserves, was $ 123 million, $ 179 million and $ 142 million for the years ended December 31, 2024, 2023 and 2022, respectively, and is included within Salaries and employee benefits within our Consolidated Statements of Income. The cumulative cost relating to restructuring programs initiated in 2024 or in prior years that were in progress during 2024 was $ 400 million. There were no programs initiated prior to 2022 that were still in progress during 2024. Cumulative amounts were not material to any reportable operating segment. </context> | us-gaap:RestructuringReserve |
We had $ 217 million, $ 216 million and $ 135 million accrued in total restructuring reserves as of December 31, 2024, 2023 and 2022, respectively. Restructuring expense, which primarily relates to new severance charges, net of revisions to existing reserves, was $ 123 million, $ 179 million and $ 142 million for the years ended December 31, 2024, 2023 and 2022, respectively, and is included within Salaries and employee benefits within our Consolidated Statements of Income. The cumulative cost relating to restructuring programs initiated in 2024 or in prior years that were in progress during 2024 was $ 400 million. There were no programs initiated prior to 2022 that were still in progress during 2024. Cumulative amounts were not material to any reportable operating segment. | text | 216 | monetaryItemType | text: <entity> 216 </entity> <entity type> monetaryItemType </entity type> <context> We had $ 217 million, $ 216 million and $ 135 million accrued in total restructuring reserves as of December 31, 2024, 2023 and 2022, respectively. Restructuring expense, which primarily relates to new severance charges, net of revisions to existing reserves, was $ 123 million, $ 179 million and $ 142 million for the years ended December 31, 2024, 2023 and 2022, respectively, and is included within Salaries and employee benefits within our Consolidated Statements of Income. The cumulative cost relating to restructuring programs initiated in 2024 or in prior years that were in progress during 2024 was $ 400 million. There were no programs initiated prior to 2022 that were still in progress during 2024. Cumulative amounts were not material to any reportable operating segment. </context> | us-gaap:RestructuringReserve |
We had $ 217 million, $ 216 million and $ 135 million accrued in total restructuring reserves as of December 31, 2024, 2023 and 2022, respectively. Restructuring expense, which primarily relates to new severance charges, net of revisions to existing reserves, was $ 123 million, $ 179 million and $ 142 million for the years ended December 31, 2024, 2023 and 2022, respectively, and is included within Salaries and employee benefits within our Consolidated Statements of Income. The cumulative cost relating to restructuring programs initiated in 2024 or in prior years that were in progress during 2024 was $ 400 million. There were no programs initiated prior to 2022 that were still in progress during 2024. Cumulative amounts were not material to any reportable operating segment. | text | 135 | monetaryItemType | text: <entity> 135 </entity> <entity type> monetaryItemType </entity type> <context> We had $ 217 million, $ 216 million and $ 135 million accrued in total restructuring reserves as of December 31, 2024, 2023 and 2022, respectively. Restructuring expense, which primarily relates to new severance charges, net of revisions to existing reserves, was $ 123 million, $ 179 million and $ 142 million for the years ended December 31, 2024, 2023 and 2022, respectively, and is included within Salaries and employee benefits within our Consolidated Statements of Income. The cumulative cost relating to restructuring programs initiated in 2024 or in prior years that were in progress during 2024 was $ 400 million. There were no programs initiated prior to 2022 that were still in progress during 2024. Cumulative amounts were not material to any reportable operating segment. </context> | us-gaap:RestructuringReserve |
We had $ 217 million, $ 216 million and $ 135 million accrued in total restructuring reserves as of December 31, 2024, 2023 and 2022, respectively. Restructuring expense, which primarily relates to new severance charges, net of revisions to existing reserves, was $ 123 million, $ 179 million and $ 142 million for the years ended December 31, 2024, 2023 and 2022, respectively, and is included within Salaries and employee benefits within our Consolidated Statements of Income. The cumulative cost relating to restructuring programs initiated in 2024 or in prior years that were in progress during 2024 was $ 400 million. There were no programs initiated prior to 2022 that were still in progress during 2024. Cumulative amounts were not material to any reportable operating segment. | text | 123 | monetaryItemType | text: <entity> 123 </entity> <entity type> monetaryItemType </entity type> <context> We had $ 217 million, $ 216 million and $ 135 million accrued in total restructuring reserves as of December 31, 2024, 2023 and 2022, respectively. Restructuring expense, which primarily relates to new severance charges, net of revisions to existing reserves, was $ 123 million, $ 179 million and $ 142 million for the years ended December 31, 2024, 2023 and 2022, respectively, and is included within Salaries and employee benefits within our Consolidated Statements of Income. The cumulative cost relating to restructuring programs initiated in 2024 or in prior years that were in progress during 2024 was $ 400 million. There were no programs initiated prior to 2022 that were still in progress during 2024. Cumulative amounts were not material to any reportable operating segment. </context> | us-gaap:RestructuringAndRelatedCostIncurredCost |
We had $ 217 million, $ 216 million and $ 135 million accrued in total restructuring reserves as of December 31, 2024, 2023 and 2022, respectively. Restructuring expense, which primarily relates to new severance charges, net of revisions to existing reserves, was $ 123 million, $ 179 million and $ 142 million for the years ended December 31, 2024, 2023 and 2022, respectively, and is included within Salaries and employee benefits within our Consolidated Statements of Income. The cumulative cost relating to restructuring programs initiated in 2024 or in prior years that were in progress during 2024 was $ 400 million. There were no programs initiated prior to 2022 that were still in progress during 2024. Cumulative amounts were not material to any reportable operating segment. | text | 179 | monetaryItemType | text: <entity> 179 </entity> <entity type> monetaryItemType </entity type> <context> We had $ 217 million, $ 216 million and $ 135 million accrued in total restructuring reserves as of December 31, 2024, 2023 and 2022, respectively. Restructuring expense, which primarily relates to new severance charges, net of revisions to existing reserves, was $ 123 million, $ 179 million and $ 142 million for the years ended December 31, 2024, 2023 and 2022, respectively, and is included within Salaries and employee benefits within our Consolidated Statements of Income. The cumulative cost relating to restructuring programs initiated in 2024 or in prior years that were in progress during 2024 was $ 400 million. There were no programs initiated prior to 2022 that were still in progress during 2024. Cumulative amounts were not material to any reportable operating segment. </context> | us-gaap:RestructuringAndRelatedCostIncurredCost |
We had $ 217 million, $ 216 million and $ 135 million accrued in total restructuring reserves as of December 31, 2024, 2023 and 2022, respectively. Restructuring expense, which primarily relates to new severance charges, net of revisions to existing reserves, was $ 123 million, $ 179 million and $ 142 million for the years ended December 31, 2024, 2023 and 2022, respectively, and is included within Salaries and employee benefits within our Consolidated Statements of Income. The cumulative cost relating to restructuring programs initiated in 2024 or in prior years that were in progress during 2024 was $ 400 million. There were no programs initiated prior to 2022 that were still in progress during 2024. Cumulative amounts were not material to any reportable operating segment. | text | 142 | monetaryItemType | text: <entity> 142 </entity> <entity type> monetaryItemType </entity type> <context> We had $ 217 million, $ 216 million and $ 135 million accrued in total restructuring reserves as of December 31, 2024, 2023 and 2022, respectively. Restructuring expense, which primarily relates to new severance charges, net of revisions to existing reserves, was $ 123 million, $ 179 million and $ 142 million for the years ended December 31, 2024, 2023 and 2022, respectively, and is included within Salaries and employee benefits within our Consolidated Statements of Income. The cumulative cost relating to restructuring programs initiated in 2024 or in prior years that were in progress during 2024 was $ 400 million. There were no programs initiated prior to 2022 that were still in progress during 2024. Cumulative amounts were not material to any reportable operating segment. </context> | us-gaap:RestructuringAndRelatedCostIncurredCost |
We had $ 217 million, $ 216 million and $ 135 million accrued in total restructuring reserves as of December 31, 2024, 2023 and 2022, respectively. Restructuring expense, which primarily relates to new severance charges, net of revisions to existing reserves, was $ 123 million, $ 179 million and $ 142 million for the years ended December 31, 2024, 2023 and 2022, respectively, and is included within Salaries and employee benefits within our Consolidated Statements of Income. The cumulative cost relating to restructuring programs initiated in 2024 or in prior years that were in progress during 2024 was $ 400 million. There were no programs initiated prior to 2022 that were still in progress during 2024. Cumulative amounts were not material to any reportable operating segment. | text | 400 | monetaryItemType | text: <entity> 400 </entity> <entity type> monetaryItemType </entity type> <context> We had $ 217 million, $ 216 million and $ 135 million accrued in total restructuring reserves as of December 31, 2024, 2023 and 2022, respectively. Restructuring expense, which primarily relates to new severance charges, net of revisions to existing reserves, was $ 123 million, $ 179 million and $ 142 million for the years ended December 31, 2024, 2023 and 2022, respectively, and is included within Salaries and employee benefits within our Consolidated Statements of Income. The cumulative cost relating to restructuring programs initiated in 2024 or in prior years that were in progress during 2024 was $ 400 million. There were no programs initiated prior to 2022 that were still in progress during 2024. Cumulative amounts were not material to any reportable operating segment. </context> | us-gaap:RestructuringAndRelatedCostCostIncurredToDate1 |
The net operating loss and tax credit carryforward balance as of December 31, 2024, shown in the table above, is related to pre-tax U.S. federal and non-U.S. net operating loss (NOL) carryforwards of $ 10 million and $ 1.2 billion, respectively, and foreign tax credit (FTC) carryforwards of $ 137 million. If not utilized, certain U.S. federal and non-U.S. NOL carryforwards will expire between 2025 and 2032, whereas others have an unlimited carryforward period. The FTC carryforwards will expire between 2029 and 2034. | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> The net operating loss and tax credit carryforward balance as of December 31, 2024, shown in the table above, is related to pre-tax U.S. federal and non-U.S. net operating loss (NOL) carryforwards of $ 10 million and $ 1.2 billion, respectively, and foreign tax credit (FTC) carryforwards of $ 137 million. If not utilized, certain U.S. federal and non-U.S. NOL carryforwards will expire between 2025 and 2032, whereas others have an unlimited carryforward period. The FTC carryforwards will expire between 2029 and 2034. </context> | us-gaap:OperatingLossCarryforwards |
The net operating loss and tax credit carryforward balance as of December 31, 2024, shown in the table above, is related to pre-tax U.S. federal and non-U.S. net operating loss (NOL) carryforwards of $ 10 million and $ 1.2 billion, respectively, and foreign tax credit (FTC) carryforwards of $ 137 million. If not utilized, certain U.S. federal and non-U.S. NOL carryforwards will expire between 2025 and 2032, whereas others have an unlimited carryforward period. The FTC carryforwards will expire between 2029 and 2034. | text | 1.2 | monetaryItemType | text: <entity> 1.2 </entity> <entity type> monetaryItemType </entity type> <context> The net operating loss and tax credit carryforward balance as of December 31, 2024, shown in the table above, is related to pre-tax U.S. federal and non-U.S. net operating loss (NOL) carryforwards of $ 10 million and $ 1.2 billion, respectively, and foreign tax credit (FTC) carryforwards of $ 137 million. If not utilized, certain U.S. federal and non-U.S. NOL carryforwards will expire between 2025 and 2032, whereas others have an unlimited carryforward period. The FTC carryforwards will expire between 2029 and 2034. </context> | us-gaap:OperatingLossCarryforwards |
The net operating loss and tax credit carryforward balance as of December 31, 2024, shown in the table above, is related to pre-tax U.S. federal and non-U.S. net operating loss (NOL) carryforwards of $ 10 million and $ 1.2 billion, respectively, and foreign tax credit (FTC) carryforwards of $ 137 million. If not utilized, certain U.S. federal and non-U.S. NOL carryforwards will expire between 2025 and 2032, whereas others have an unlimited carryforward period. The FTC carryforwards will expire between 2029 and 2034. | text | 137 | monetaryItemType | text: <entity> 137 </entity> <entity type> monetaryItemType </entity type> <context> The net operating loss and tax credit carryforward balance as of December 31, 2024, shown in the table above, is related to pre-tax U.S. federal and non-U.S. net operating loss (NOL) carryforwards of $ 10 million and $ 1.2 billion, respectively, and foreign tax credit (FTC) carryforwards of $ 137 million. If not utilized, certain U.S. federal and non-U.S. NOL carryforwards will expire between 2025 and 2032, whereas others have an unlimited carryforward period. The FTC carryforwards will expire between 2029 and 2034. </context> | us-gaap:TaxCreditCarryforwardAmount |
Accumulated earnings of certain non-U.S. subsidiaries, which totaled approximately $ 1.2 billion as of December 31, 2024, are intended to be permanently reinvested outside the U.S. We do not provide for state income and foreign withholding taxes on foreign earnings intended to be permanently reinvested outside the U.S. Accordingly, state income and foreign withholding taxes, which would have aggregated to approximately $ 0.1 billion as of December 31, 2024, have not been provided on those earnings. | text | 1.2 | monetaryItemType | text: <entity> 1.2 </entity> <entity type> monetaryItemType </entity type> <context> Accumulated earnings of certain non-U.S. subsidiaries, which totaled approximately $ 1.2 billion as of December 31, 2024, are intended to be permanently reinvested outside the U.S. We do not provide for state income and foreign withholding taxes on foreign earnings intended to be permanently reinvested outside the U.S. Accordingly, state income and foreign withholding taxes, which would have aggregated to approximately $ 0.1 billion as of December 31, 2024, have not been provided on those earnings. </context> | us-gaap:UndistributedEarningsOfForeignSubsidiaries |
Accumulated earnings of certain non-U.S. subsidiaries, which totaled approximately $ 1.2 billion as of December 31, 2024, are intended to be permanently reinvested outside the U.S. We do not provide for state income and foreign withholding taxes on foreign earnings intended to be permanently reinvested outside the U.S. Accordingly, state income and foreign withholding taxes, which would have aggregated to approximately $ 0.1 billion as of December 31, 2024, have not been provided on those earnings. | text | 0.1 | monetaryItemType | text: <entity> 0.1 </entity> <entity type> monetaryItemType </entity type> <context> Accumulated earnings of certain non-U.S. subsidiaries, which totaled approximately $ 1.2 billion as of December 31, 2024, are intended to be permanently reinvested outside the U.S. We do not provide for state income and foreign withholding taxes on foreign earnings intended to be permanently reinvested outside the U.S. Accordingly, state income and foreign withholding taxes, which would have aggregated to approximately $ 0.1 billion as of December 31, 2024, have not been provided on those earnings. </context> | us-gaap:DeferredTaxLiabilityNotRecognizedAmountOfUnrecognizedDeferredTaxLiabilityUndistributedEarningsOfForeignSubsidiaries |
Net income taxes paid by us during 2024, 2023 and 2022, were approximately $ 3.6 billion, $ 3.3 billion and $ 3.0 billion, respectively. These amounts include estimated tax payments and cash settlements relating to prior tax years. | text | 3.6 | monetaryItemType | text: <entity> 3.6 </entity> <entity type> monetaryItemType </entity type> <context> Net income taxes paid by us during 2024, 2023 and 2022, were approximately $ 3.6 billion, $ 3.3 billion and $ 3.0 billion, respectively. These amounts include estimated tax payments and cash settlements relating to prior tax years. </context> | us-gaap:IncomeTaxesPaidNet |
Net income taxes paid by us during 2024, 2023 and 2022, were approximately $ 3.6 billion, $ 3.3 billion and $ 3.0 billion, respectively. These amounts include estimated tax payments and cash settlements relating to prior tax years. | text | 3.3 | monetaryItemType | text: <entity> 3.3 </entity> <entity type> monetaryItemType </entity type> <context> Net income taxes paid by us during 2024, 2023 and 2022, were approximately $ 3.6 billion, $ 3.3 billion and $ 3.0 billion, respectively. These amounts include estimated tax payments and cash settlements relating to prior tax years. </context> | us-gaap:IncomeTaxesPaidNet |
Net income taxes paid by us during 2024, 2023 and 2022, were approximately $ 3.6 billion, $ 3.3 billion and $ 3.0 billion, respectively. These amounts include estimated tax payments and cash settlements relating to prior tax years. | text | 3.0 | monetaryItemType | text: <entity> 3.0 </entity> <entity type> monetaryItemType </entity type> <context> Net income taxes paid by us during 2024, 2023 and 2022, were approximately $ 3.6 billion, $ 3.3 billion and $ 3.0 billion, respectively. These amounts include estimated tax payments and cash settlements relating to prior tax years. </context> | us-gaap:IncomeTaxesPaidNet |
In December 2024, we received a Notice of Proposed Adjustment (Notice) from the IRS regarding transfer pricing between our U.S. and foreign subsidiaries for the 2017 and 2018 tax years currently under examination. The Notice proposes an increase to our U.S. taxable income that would result in an additional estimated U.S. federal income tax payment of approximately $ 185 million for 2017 and 2018, excluding interest and state income taxes, and asserts penalties of approximately $ 50 million for the same period. Although the Notice only applies to the 2017 and 2018 tax years currently under examination, the IRS may seek similar adjustments for subsequent tax years. | text | 185 | monetaryItemType | text: <entity> 185 </entity> <entity type> monetaryItemType </entity type> <context> In December 2024, we received a Notice of Proposed Adjustment (Notice) from the IRS regarding transfer pricing between our U.S. and foreign subsidiaries for the 2017 and 2018 tax years currently under examination. The Notice proposes an increase to our U.S. taxable income that would result in an additional estimated U.S. federal income tax payment of approximately $ 185 million for 2017 and 2018, excluding interest and state income taxes, and asserts penalties of approximately $ 50 million for the same period. Although the Notice only applies to the 2017 and 2018 tax years currently under examination, the IRS may seek similar adjustments for subsequent tax years. </context> | us-gaap:IncomeTaxExaminationEstimateOfPossibleLoss |
In December 2024, we received a Notice of Proposed Adjustment (Notice) from the IRS regarding transfer pricing between our U.S. and foreign subsidiaries for the 2017 and 2018 tax years currently under examination. The Notice proposes an increase to our U.S. taxable income that would result in an additional estimated U.S. federal income tax payment of approximately $ 185 million for 2017 and 2018, excluding interest and state income taxes, and asserts penalties of approximately $ 50 million for the same period. Although the Notice only applies to the 2017 and 2018 tax years currently under examination, the IRS may seek similar adjustments for subsequent tax years. | text | 50 | monetaryItemType | text: <entity> 50 </entity> <entity type> monetaryItemType </entity type> <context> In December 2024, we received a Notice of Proposed Adjustment (Notice) from the IRS regarding transfer pricing between our U.S. and foreign subsidiaries for the 2017 and 2018 tax years currently under examination. The Notice proposes an increase to our U.S. taxable income that would result in an additional estimated U.S. federal income tax payment of approximately $ 185 million for 2017 and 2018, excluding interest and state income taxes, and asserts penalties of approximately $ 50 million for the same period. Although the Notice only applies to the 2017 and 2018 tax years currently under examination, the IRS may seek similar adjustments for subsequent tax years. </context> | us-gaap:IncomeTaxExaminationEstimateOfPossibleLoss |
Included in the unrecognized tax benefits of $ 1.0 billion, $ 0.9 billion and $ 1.0 billion for December 31, 2024, 2023 and 2022, respectively, are approximately $ 780 million, $ 670 million and $ 750 million, respectively, that, if recognized, would favorably affect the effective tax rate in a future period. | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> Included in the unrecognized tax benefits of $ 1.0 billion, $ 0.9 billion and $ 1.0 billion for December 31, 2024, 2023 and 2022, respectively, are approximately $ 780 million, $ 670 million and $ 750 million, respectively, that, if recognized, would favorably affect the effective tax rate in a future period. </context> | us-gaap:UnrecognizedTaxBenefits |
Included in the unrecognized tax benefits of $ 1.0 billion, $ 0.9 billion and $ 1.0 billion for December 31, 2024, 2023 and 2022, respectively, are approximately $ 780 million, $ 670 million and $ 750 million, respectively, that, if recognized, would favorably affect the effective tax rate in a future period. | text | 0.9 | monetaryItemType | text: <entity> 0.9 </entity> <entity type> monetaryItemType </entity type> <context> Included in the unrecognized tax benefits of $ 1.0 billion, $ 0.9 billion and $ 1.0 billion for December 31, 2024, 2023 and 2022, respectively, are approximately $ 780 million, $ 670 million and $ 750 million, respectively, that, if recognized, would favorably affect the effective tax rate in a future period. </context> | us-gaap:UnrecognizedTaxBenefits |
Included in the unrecognized tax benefits of $ 1.0 billion, $ 0.9 billion and $ 1.0 billion for December 31, 2024, 2023 and 2022, respectively, are approximately $ 780 million, $ 670 million and $ 750 million, respectively, that, if recognized, would favorably affect the effective tax rate in a future period. | text | 780 | monetaryItemType | text: <entity> 780 </entity> <entity type> monetaryItemType </entity type> <context> Included in the unrecognized tax benefits of $ 1.0 billion, $ 0.9 billion and $ 1.0 billion for December 31, 2024, 2023 and 2022, respectively, are approximately $ 780 million, $ 670 million and $ 750 million, respectively, that, if recognized, would favorably affect the effective tax rate in a future period. </context> | us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate |
Included in the unrecognized tax benefits of $ 1.0 billion, $ 0.9 billion and $ 1.0 billion for December 31, 2024, 2023 and 2022, respectively, are approximately $ 780 million, $ 670 million and $ 750 million, respectively, that, if recognized, would favorably affect the effective tax rate in a future period. | text | 670 | monetaryItemType | text: <entity> 670 </entity> <entity type> monetaryItemType </entity type> <context> Included in the unrecognized tax benefits of $ 1.0 billion, $ 0.9 billion and $ 1.0 billion for December 31, 2024, 2023 and 2022, respectively, are approximately $ 780 million, $ 670 million and $ 750 million, respectively, that, if recognized, would favorably affect the effective tax rate in a future period. </context> | us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate |
Included in the unrecognized tax benefits of $ 1.0 billion, $ 0.9 billion and $ 1.0 billion for December 31, 2024, 2023 and 2022, respectively, are approximately $ 780 million, $ 670 million and $ 750 million, respectively, that, if recognized, would favorably affect the effective tax rate in a future period. | text | 750 | monetaryItemType | text: <entity> 750 </entity> <entity type> monetaryItemType </entity type> <context> Included in the unrecognized tax benefits of $ 1.0 billion, $ 0.9 billion and $ 1.0 billion for December 31, 2024, 2023 and 2022, respectively, are approximately $ 780 million, $ 670 million and $ 750 million, respectively, that, if recognized, would favorably affect the effective tax rate in a future period. </context> | us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate |
We believe it is reasonably possible that our unrecognized tax benefits could decrease within the next twelve months by as much as $ 107 million, principally as a result of potential resolutions of prior years’ tax items with various taxing authorities. The prior years’ tax items include unrecognized tax benefits relating to the deductibility of certain expenses or losses and the attribution of taxable income to a particular jurisdiction or jurisdictions. Of the $ 107 million of unrecognized tax benefits, approximately $ 84 million relates to amounts that, if recognized, would impact the effective tax rate in a future period. | text | 107 | monetaryItemType | text: <entity> 107 </entity> <entity type> monetaryItemType </entity type> <context> We believe it is reasonably possible that our unrecognized tax benefits could decrease within the next twelve months by as much as $ 107 million, principally as a result of potential resolutions of prior years’ tax items with various taxing authorities. The prior years’ tax items include unrecognized tax benefits relating to the deductibility of certain expenses or losses and the attribution of taxable income to a particular jurisdiction or jurisdictions. Of the $ 107 million of unrecognized tax benefits, approximately $ 84 million relates to amounts that, if recognized, would impact the effective tax rate in a future period. </context> | us-gaap:SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit |
Interest and penalties relating to unrecognized tax benefits are reported in the income tax provision. For the years ended December 31, 2024, 2023 and 2022, we recognized approximately $ 110 million, $ 30 million and $ 10 million, respectively, in expenses for interest and penalties. | text | 110 | monetaryItemType | text: <entity> 110 </entity> <entity type> monetaryItemType </entity type> <context> Interest and penalties relating to unrecognized tax benefits are reported in the income tax provision. For the years ended December 31, 2024, 2023 and 2022, we recognized approximately $ 110 million, $ 30 million and $ 10 million, respectively, in expenses for interest and penalties. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense |
Interest and penalties relating to unrecognized tax benefits are reported in the income tax provision. For the years ended December 31, 2024, 2023 and 2022, we recognized approximately $ 110 million, $ 30 million and $ 10 million, respectively, in expenses for interest and penalties. | text | 30 | monetaryItemType | text: <entity> 30 </entity> <entity type> monetaryItemType </entity type> <context> Interest and penalties relating to unrecognized tax benefits are reported in the income tax provision. For the years ended December 31, 2024, 2023 and 2022, we recognized approximately $ 110 million, $ 30 million and $ 10 million, respectively, in expenses for interest and penalties. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense |
Interest and penalties relating to unrecognized tax benefits are reported in the income tax provision. For the years ended December 31, 2024, 2023 and 2022, we recognized approximately $ 110 million, $ 30 million and $ 10 million, respectively, in expenses for interest and penalties. | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> Interest and penalties relating to unrecognized tax benefits are reported in the income tax provision. For the years ended December 31, 2024, 2023 and 2022, we recognized approximately $ 110 million, $ 30 million and $ 10 million, respectively, in expenses for interest and penalties. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense |
We had approximately $ 500 million and $ 410 million accrued for the payment of interest and penalties as of December 31, 2024 and 2023, respectively. | text | 500 | monetaryItemType | text: <entity> 500 </entity> <entity type> monetaryItemType </entity type> <context> We had approximately $ 500 million and $ 410 million accrued for the payment of interest and penalties as of December 31, 2024 and 2023, respectively. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued |
We had approximately $ 500 million and $ 410 million accrued for the payment of interest and penalties as of December 31, 2024 and 2023, respectively. | text | 410 | monetaryItemType | text: <entity> 410 </entity> <entity type> monetaryItemType </entity type> <context> We had approximately $ 500 million and $ 410 million accrued for the payment of interest and penalties as of December 31, 2024 and 2023, respectively. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued |
The dilutive effect of unexercised stock options excludes from the computation of EPS 0.05 million, 1.38 million and 0.39 million of options for the years ended December 31, 2024, 2023 and 2022, respectively, because inclusion of the options would have been anti-dilutive. | text | 0.05 | sharesItemType | text: <entity> 0.05 </entity> <entity type> sharesItemType </entity type> <context> The dilutive effect of unexercised stock options excludes from the computation of EPS 0.05 million, 1.38 million and 0.39 million of options for the years ended December 31, 2024, 2023 and 2022, respectively, because inclusion of the options would have been anti-dilutive. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
The dilutive effect of unexercised stock options excludes from the computation of EPS 0.05 million, 1.38 million and 0.39 million of options for the years ended December 31, 2024, 2023 and 2022, respectively, because inclusion of the options would have been anti-dilutive. | text | 1.38 | sharesItemType | text: <entity> 1.38 </entity> <entity type> sharesItemType </entity type> <context> The dilutive effect of unexercised stock options excludes from the computation of EPS 0.05 million, 1.38 million and 0.39 million of options for the years ended December 31, 2024, 2023 and 2022, respectively, because inclusion of the options would have been anti-dilutive. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
The dilutive effect of unexercised stock options excludes from the computation of EPS 0.05 million, 1.38 million and 0.39 million of options for the years ended December 31, 2024, 2023 and 2022, respectively, because inclusion of the options would have been anti-dilutive. | text | 0.39 | sharesItemType | text: <entity> 0.39 </entity> <entity type> sharesItemType </entity type> <context> The dilutive effect of unexercised stock options excludes from the computation of EPS 0.05 million, 1.38 million and 0.39 million of options for the years ended December 31, 2024, 2023 and 2022, respectively, because inclusion of the options would have been anti-dilutive. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
Certain of our subsidiaries are subject to restrictions on the transfer of net assets under debt agreements and regulatory requirements. These restrictions have not had any effect on our shareholder dividend policy and management does not anticipate any impact in the future. Procedures exist to transfer net assets between the Company and its subsidiaries, while ensuring compliance with the various contractual and regulatory constraints. As of December 31, 2024, the aggregate amount of net assets of subsidiaries that are restricted to be transferred was approximately $ 15.3 billion. | text | 15.3 | monetaryItemType | text: <entity> 15.3 </entity> <entity type> monetaryItemType </entity type> <context> Certain of our subsidiaries are subject to restrictions on the transfer of net assets under debt agreements and regulatory requirements. These restrictions have not had any effect on our shareholder dividend policy and management does not anticipate any impact in the future. Procedures exist to transfer net assets between the Company and its subsidiaries, while ensuring compliance with the various contractual and regulatory constraints. As of December 31, 2024, the aggregate amount of net assets of subsidiaries that are restricted to be transferred was approximately $ 15.3 billion. </context> | us-gaap:AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries |
In the year ended December 31, 2024, AENB paid dividends from retained earnings to its parent of $ 5.0 billion. AENB is limited in its ability to pay dividends by banking statutes, regulations and supervisory policy. In general, applicable federal and state banking laws prohibit, without first obtaining regulatory approval, insured depository institutions, such as AENB, from making dividend distributions if such distributions are not paid out of available retained earnings or would cause the institution to fail to meet capital adequacy standards. If AENB’s risk-based capital ratios do not satisfy minimum regulatory requirements and applicable buffers, it will face graduated constraints on dividends and other capital distributions. In determining the dividends to pay its parent, AENB must also consider the effects on applicable risk-based capital and leverage ratio requirements, as well as policy statements of the federal regulatory agencies. In addition, AENB’s banking regulators have authority to limit or prohibit the payment of a dividend by AENB under a number of circumstances, including if, in the banking regulator’s opinion, payment of a dividend would constitute an unsafe or unsound banking practice in light of the financial condition of the banking organization. | text | 5.0 | monetaryItemType | text: <entity> 5.0 </entity> <entity type> monetaryItemType </entity type> <context> In the year ended December 31, 2024, AENB paid dividends from retained earnings to its parent of $ 5.0 billion. AENB is limited in its ability to pay dividends by banking statutes, regulations and supervisory policy. In general, applicable federal and state banking laws prohibit, without first obtaining regulatory approval, insured depository institutions, such as AENB, from making dividend distributions if such distributions are not paid out of available retained earnings or would cause the institution to fail to meet capital adequacy standards. If AENB’s risk-based capital ratios do not satisfy minimum regulatory requirements and applicable buffers, it will face graduated constraints on dividends and other capital distributions. In determining the dividends to pay its parent, AENB must also consider the effects on applicable risk-based capital and leverage ratio requirements, as well as policy statements of the federal regulatory agencies. In addition, AENB’s banking regulators have authority to limit or prohibit the payment of a dividend by AENB under a number of circumstances, including if, in the banking regulator’s opinion, payment of a dividend would constitute an unsafe or unsound banking practice in light of the financial condition of the banking organization. </context> | us-gaap:CashDividendsPaidToParentCompany |
As of December 31, 2024, we had approximately $ 468 billion of unused credit available to customers, approximately 80 percent of which was related to customers within the United States. Total unused credit does not represent potential future cash requirements, as a significant portion of this unused credit will likely not be drawn. Charge card products with no pre-set spending limits are not reflected in unused credit. | text | 468 | monetaryItemType | text: <entity> 468 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, we had approximately $ 468 billion of unused credit available to customers, approximately 80 percent of which was related to customers within the United States. Total unused credit does not represent potential future cash requirements, as a significant portion of this unused credit will likely not be drawn. Charge card products with no pre-set spending limits are not reflected in unused credit. </context> | us-gaap:UnusedCommitmentsToExtendCredit |
As of December 31, 2024, we had approximately $ 468 billion of unused credit available to customers, approximately 80 percent of which was related to customers within the United States. Total unused credit does not represent potential future cash requirements, as a significant portion of this unused credit will likely not be drawn. Charge card products with no pre-set spending limits are not reflected in unused credit. | text | 80 | percentItemType | text: <entity> 80 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2024, we had approximately $ 468 billion of unused credit available to customers, approximately 80 percent of which was related to customers within the United States. Total unused credit does not represent potential future cash requirements, as a significant portion of this unused credit will likely not be drawn. Charge card products with no pre-set spending limits are not reflected in unused credit. </context> | us-gaap:ConcentrationRiskPercentage1 |
Carrier Global Corporation (the "Company") is a global leader in intelligent climate and energy solutions with a focus on providing differentiated, digitally-enabled lifecycle solutions to its customers. The Company's portfolio includes industry-leading brands such as Carrier, Toshiba, Automated Logic, Carrier Transicold, Kidde, Edwards and LenelS2 that offer innovative heating, ventilating and air conditioning ("HVAC"), refrigeration, fire, security and building automation technologies to help make the world safer and more comfortable. The Company also provides a broad array of related building services, including audit, design, installation, system integration, repair, maintenance and monitoring. The Company's operations are classified into three segments: HVAC, Refrigeration and Fire & Security. | text | three | integerItemType | text: <entity> three </entity> <entity type> integerItemType </entity type> <context> Carrier Global Corporation (the "Company") is a global leader in intelligent climate and energy solutions with a focus on providing differentiated, digitally-enabled lifecycle solutions to its customers. The Company's portfolio includes industry-leading brands such as Carrier, Toshiba, Automated Logic, Carrier Transicold, Kidde, Edwards and LenelS2 that offer innovative heating, ventilating and air conditioning ("HVAC"), refrigeration, fire, security and building automation technologies to help make the world safer and more comfortable. The Company also provides a broad array of related building services, including audit, design, installation, system integration, repair, maintenance and monitoring. The Company's operations are classified into three segments: HVAC, Refrigeration and Fire & Security. </context> | us-gaap:NumberOfReportableSegments |
On April 25, 2023, the Company announced that it entered into a Share Purchase Agreement (the “Agreement”) to acquire the climate solutions business (the "VCS Business") of Viessmann Group GmbH & Co. KG (“Viessmann”), a privately-held company. The VCS Business develops intelligent, integrated and sustainable technologies, including heat pumps, boilers, photovoltaic systems, home battery storage and digital solutions, primarily for residential customers in Europe. The acquisition was completed on January 2, 2024 for total consideration of $ 14.2 billion. | text | 14.2 | monetaryItemType | text: <entity> 14.2 </entity> <entity type> monetaryItemType </entity type> <context> On April 25, 2023, the Company announced that it entered into a Share Purchase Agreement (the “Agreement”) to acquire the climate solutions business (the "VCS Business") of Viessmann Group GmbH & Co. KG (“Viessmann”), a privately-held company. The VCS Business develops intelligent, integrated and sustainable technologies, including heat pumps, boilers, photovoltaic systems, home battery storage and digital solutions, primarily for residential customers in Europe. The acquisition was completed on January 2, 2024 for total consideration of $ 14.2 billion. </context> | us-gaap:BusinessCombinationConsiderationTransferred1 |
On April 25, 2023, the Company announced plans to exit its Fire & Security and Commercial Refrigeration businesses over the course of 2024. On December 7, 2023, the Company entered into a stock purchase agreement to sell its Access Solutions business ("Access Solutions") to Honeywell International Inc. for an enterprise value of approximately $ 4.95 billion. Access Solutions, historically reported in the Company's Fire & Security segment, is a global supplier of physical security and digital access solutions supporting the hospitality, commercial, education and military markets. On December 12, 2023, the Company entered into a stock purchase agreement to sell its Commercial Refrigeration business ("CCR") to Haier Group Corporation for an enterprise value of approximately $ 775 million. CCR, historically reported in the Company's Refrigeration segment, is a global supplier of turnkey solutions for commercial refrigeration systems and services, with a primary focus on serving food retail customers, cold storage facilities and warehouses. As a result, the assets and liabilities of both businesses are presented as held for sale in the accompanying Consolidated Balance Sheets as of December 31, 2023 and recorded at the lower of their carrying value or fair value less estimated cost to sell. | text | 4.95 | monetaryItemType | text: <entity> 4.95 </entity> <entity type> monetaryItemType </entity type> <context> On April 25, 2023, the Company announced plans to exit its Fire & Security and Commercial Refrigeration businesses over the course of 2024. On December 7, 2023, the Company entered into a stock purchase agreement to sell its Access Solutions business ("Access Solutions") to Honeywell International Inc. for an enterprise value of approximately $ 4.95 billion. Access Solutions, historically reported in the Company's Fire & Security segment, is a global supplier of physical security and digital access solutions supporting the hospitality, commercial, education and military markets. On December 12, 2023, the Company entered into a stock purchase agreement to sell its Commercial Refrigeration business ("CCR") to Haier Group Corporation for an enterprise value of approximately $ 775 million. CCR, historically reported in the Company's Refrigeration segment, is a global supplier of turnkey solutions for commercial refrigeration systems and services, with a primary focus on serving food retail customers, cold storage facilities and warehouses. As a result, the assets and liabilities of both businesses are presented as held for sale in the accompanying Consolidated Balance Sheets as of December 31, 2023 and recorded at the lower of their carrying value or fair value less estimated cost to sell. </context> | us-gaap:DisposalGroupIncludingDiscontinuedOperationConsideration |
On April 25, 2023, the Company announced plans to exit its Fire & Security and Commercial Refrigeration businesses over the course of 2024. On December 7, 2023, the Company entered into a stock purchase agreement to sell its Access Solutions business ("Access Solutions") to Honeywell International Inc. for an enterprise value of approximately $ 4.95 billion. Access Solutions, historically reported in the Company's Fire & Security segment, is a global supplier of physical security and digital access solutions supporting the hospitality, commercial, education and military markets. On December 12, 2023, the Company entered into a stock purchase agreement to sell its Commercial Refrigeration business ("CCR") to Haier Group Corporation for an enterprise value of approximately $ 775 million. CCR, historically reported in the Company's Refrigeration segment, is a global supplier of turnkey solutions for commercial refrigeration systems and services, with a primary focus on serving food retail customers, cold storage facilities and warehouses. As a result, the assets and liabilities of both businesses are presented as held for sale in the accompanying Consolidated Balance Sheets as of December 31, 2023 and recorded at the lower of their carrying value or fair value less estimated cost to sell. | text | 775 | monetaryItemType | text: <entity> 775 </entity> <entity type> monetaryItemType </entity type> <context> On April 25, 2023, the Company announced plans to exit its Fire & Security and Commercial Refrigeration businesses over the course of 2024. On December 7, 2023, the Company entered into a stock purchase agreement to sell its Access Solutions business ("Access Solutions") to Honeywell International Inc. for an enterprise value of approximately $ 4.95 billion. Access Solutions, historically reported in the Company's Fire & Security segment, is a global supplier of physical security and digital access solutions supporting the hospitality, commercial, education and military markets. On December 12, 2023, the Company entered into a stock purchase agreement to sell its Commercial Refrigeration business ("CCR") to Haier Group Corporation for an enterprise value of approximately $ 775 million. CCR, historically reported in the Company's Refrigeration segment, is a global supplier of turnkey solutions for commercial refrigeration systems and services, with a primary focus on serving food retail customers, cold storage facilities and warehouses. As a result, the assets and liabilities of both businesses are presented as held for sale in the accompanying Consolidated Balance Sheets as of December 31, 2023 and recorded at the lower of their carrying value or fair value less estimated cost to sell. </context> | us-gaap:DisposalGroupIncludingDiscontinuedOperationConsideration |
On July 26, 2021, the Company entered into a stock purchase agreement to sell its Chubb Fire and Security business ("Chubb") to APi Group Corporation ("APi"). Chubb, which was reported within the Company's Fire & Security segment, delivered essential fire safety and security solutions from design and installation to monitoring, service and maintenance across more than 17 countries around the globe. On January 3, 2022, the Company completed the sale of Chubb (the "Chubb Sale") for net proceeds of $ 2.9 billion and recognized a gain on the sale of $ 1.1 billion during the year ended December 31, 2022. | text | 2.9 | monetaryItemType | text: <entity> 2.9 </entity> <entity type> monetaryItemType </entity type> <context> On July 26, 2021, the Company entered into a stock purchase agreement to sell its Chubb Fire and Security business ("Chubb") to APi Group Corporation ("APi"). Chubb, which was reported within the Company's Fire & Security segment, delivered essential fire safety and security solutions from design and installation to monitoring, service and maintenance across more than 17 countries around the globe. On January 3, 2022, the Company completed the sale of Chubb (the "Chubb Sale") for net proceeds of $ 2.9 billion and recognized a gain on the sale of $ 1.1 billion during the year ended December 31, 2022. </context> | us-gaap:DisposalGroupIncludingDiscontinuedOperationConsideration |
On July 26, 2021, the Company entered into a stock purchase agreement to sell its Chubb Fire and Security business ("Chubb") to APi Group Corporation ("APi"). Chubb, which was reported within the Company's Fire & Security segment, delivered essential fire safety and security solutions from design and installation to monitoring, service and maintenance across more than 17 countries around the globe. On January 3, 2022, the Company completed the sale of Chubb (the "Chubb Sale") for net proceeds of $ 2.9 billion and recognized a gain on the sale of $ 1.1 billion during the year ended December 31, 2022. | text | 1.1 | monetaryItemType | text: <entity> 1.1 </entity> <entity type> monetaryItemType </entity type> <context> On July 26, 2021, the Company entered into a stock purchase agreement to sell its Chubb Fire and Security business ("Chubb") to APi Group Corporation ("APi"). Chubb, which was reported within the Company's Fire & Security segment, delivered essential fire safety and security solutions from design and installation to monitoring, service and maintenance across more than 17 countries around the globe. On January 3, 2022, the Company completed the sale of Chubb (the "Chubb Sale") for net proceeds of $ 2.9 billion and recognized a gain on the sale of $ 1.1 billion during the year ended December 31, 2022. </context> | us-gaap:DisposalGroupNotDiscontinuedOperationGainLossOnDisposal |
On April 3, 2020 (the "Distribution Date"), United Technologies Corporation ("UTC"), since renamed RTX Corporation ("Raytheon Technologies Corporation" or "RTX"), completed the spin-off of Carrier into an independent, publicly traded company (the "Separation") through a pro rata distribution (the "Distribution") on a one -for-one basis of all of the outstanding shares of common stock of Carrier to UTC shareowners who held shares of UTC common stock as of the close of business on March 19, 2020, the record date for the Distribution. In connection with the Separation, the Company issued an aggregate principal balance of $ 11.0 billion of debt and transferred approximately $ 10.9 billion of cash to UTC on February 27, 2020 and March 27, 2020. On April 1, 2020 and April 2, 2020, the Company received cash contributions totaling $ 590 million from UTC related to the Separation. | text | 11.0 | monetaryItemType | text: <entity> 11.0 </entity> <entity type> monetaryItemType </entity type> <context> On April 3, 2020 (the "Distribution Date"), United Technologies Corporation ("UTC"), since renamed RTX Corporation ("Raytheon Technologies Corporation" or "RTX"), completed the spin-off of Carrier into an independent, publicly traded company (the "Separation") through a pro rata distribution (the "Distribution") on a one -for-one basis of all of the outstanding shares of common stock of Carrier to UTC shareowners who held shares of UTC common stock as of the close of business on March 19, 2020, the record date for the Distribution. In connection with the Separation, the Company issued an aggregate principal balance of $ 11.0 billion of debt and transferred approximately $ 10.9 billion of cash to UTC on February 27, 2020 and March 27, 2020. On April 1, 2020 and April 2, 2020, the Company received cash contributions totaling $ 590 million from UTC related to the Separation. </context> | us-gaap:DebtInstrumentFaceAmount |
On April 3, 2020 (the "Distribution Date"), United Technologies Corporation ("UTC"), since renamed RTX Corporation ("Raytheon Technologies Corporation" or "RTX"), completed the spin-off of Carrier into an independent, publicly traded company (the "Separation") through a pro rata distribution (the "Distribution") on a one -for-one basis of all of the outstanding shares of common stock of Carrier to UTC shareowners who held shares of UTC common stock as of the close of business on March 19, 2020, the record date for the Distribution. In connection with the Separation, the Company issued an aggregate principal balance of $ 11.0 billion of debt and transferred approximately $ 10.9 billion of cash to UTC on February 27, 2020 and March 27, 2020. On April 1, 2020 and April 2, 2020, the Company received cash contributions totaling $ 590 million from UTC related to the Separation. | text | 590 | monetaryItemType | text: <entity> 590 </entity> <entity type> monetaryItemType </entity type> <context> On April 3, 2020 (the "Distribution Date"), United Technologies Corporation ("UTC"), since renamed RTX Corporation ("Raytheon Technologies Corporation" or "RTX"), completed the spin-off of Carrier into an independent, publicly traded company (the "Separation") through a pro rata distribution (the "Distribution") on a one -for-one basis of all of the outstanding shares of common stock of Carrier to UTC shareowners who held shares of UTC common stock as of the close of business on March 19, 2020, the record date for the Distribution. In connection with the Separation, the Company issued an aggregate principal balance of $ 11.0 billion of debt and transferred approximately $ 10.9 billion of cash to UTC on February 27, 2020 and March 27, 2020. On April 1, 2020 and April 2, 2020, the Company received cash contributions totaling $ 590 million from UTC related to the Separation. </context> | us-gaap:ProceedsFromContributionsFromParent |
Cash and cash equivalents include cash on hand, demand deposits and short-term cash investments that are highly liquid in nature and have original maturities of three months or less. On occasion, the Company is required to maintain restricted cash deposits with certain banks due to contractual or other legal obligations. Restricted cash of $ 2 million and $ 7 million is included in | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> Cash and cash equivalents include cash on hand, demand deposits and short-term cash investments that are highly liquid in nature and have original maturities of three months or less. On occasion, the Company is required to maintain restricted cash deposits with certain banks due to contractual or other legal obligations. Restricted cash of $ 2 million and $ 7 million is included in </context> | us-gaap:RestrictedCashCurrent |
Accounts receivable consist of billed amounts owed for products shipped to or services performed for customers. Amounts are recorded net of an allowance for expected credit losses which represents the best estimate of probable loss inherent in the Company's accounts receivable portfolio. The allowance is determined using a combination of factors including a reserve based on the aging of the outstanding accounts receivable portfolio and the Company's historical credit loss experience with its end markets, customer base and products. In addition, the Company considers knowledge of specific customers, current market conditions as well as reasonable and supportable forecasts of future events and economic conditions. As of December 31, 2023 and 2022, the allowance for expected credit losses was $ 108 million and $ 117 million, respectively. These estimates and assumptions are reviewed periodically with the effects of changes, if any, reflected in the Consolidated Statement of Operations in the period that they are determined. | text | 108 | monetaryItemType | text: <entity> 108 </entity> <entity type> monetaryItemType </entity type> <context> Accounts receivable consist of billed amounts owed for products shipped to or services performed for customers. Amounts are recorded net of an allowance for expected credit losses which represents the best estimate of probable loss inherent in the Company's accounts receivable portfolio. The allowance is determined using a combination of factors including a reserve based on the aging of the outstanding accounts receivable portfolio and the Company's historical credit loss experience with its end markets, customer base and products. In addition, the Company considers knowledge of specific customers, current market conditions as well as reasonable and supportable forecasts of future events and economic conditions. As of December 31, 2023 and 2022, the allowance for expected credit losses was $ 108 million and $ 117 million, respectively. These estimates and assumptions are reviewed periodically with the effects of changes, if any, reflected in the Consolidated Statement of Operations in the period that they are determined. </context> | us-gaap:AllowanceForDoubtfulAccountsReceivable |
Accounts receivable consist of billed amounts owed for products shipped to or services performed for customers. Amounts are recorded net of an allowance for expected credit losses which represents the best estimate of probable loss inherent in the Company's accounts receivable portfolio. The allowance is determined using a combination of factors including a reserve based on the aging of the outstanding accounts receivable portfolio and the Company's historical credit loss experience with its end markets, customer base and products. In addition, the Company considers knowledge of specific customers, current market conditions as well as reasonable and supportable forecasts of future events and economic conditions. As of December 31, 2023 and 2022, the allowance for expected credit losses was $ 108 million and $ 117 million, respectively. These estimates and assumptions are reviewed periodically with the effects of changes, if any, reflected in the Consolidated Statement of Operations in the period that they are determined. | text | 117 | monetaryItemType | text: <entity> 117 </entity> <entity type> monetaryItemType </entity type> <context> Accounts receivable consist of billed amounts owed for products shipped to or services performed for customers. Amounts are recorded net of an allowance for expected credit losses which represents the best estimate of probable loss inherent in the Company's accounts receivable portfolio. The allowance is determined using a combination of factors including a reserve based on the aging of the outstanding accounts receivable portfolio and the Company's historical credit loss experience with its end markets, customer base and products. In addition, the Company considers knowledge of specific customers, current market conditions as well as reasonable and supportable forecasts of future events and economic conditions. As of December 31, 2023 and 2022, the allowance for expected credit losses was $ 108 million and $ 117 million, respectively. These estimates and assumptions are reviewed periodically with the effects of changes, if any, reflected in the Consolidated Statement of Operations in the period that they are determined. </context> | us-gaap:AllowanceForDoubtfulAccountsReceivable |
The Company conducts research and development activities with a focus on new product development and technology innovation. These costs are charged to expense as incurred. For the years ended December 31, 2023, 2022 and 2021, these costs amounted to $ 617 million, $ 539 million and $ 503 million, respectively. | text | 617 | monetaryItemType | text: <entity> 617 </entity> <entity type> monetaryItemType </entity type> <context> The Company conducts research and development activities with a focus on new product development and technology innovation. These costs are charged to expense as incurred. For the years ended December 31, 2023, 2022 and 2021, these costs amounted to $ 617 million, $ 539 million and $ 503 million, respectively. </context> | us-gaap:ResearchAndDevelopmentExpense |
The Company conducts research and development activities with a focus on new product development and technology innovation. These costs are charged to expense as incurred. For the years ended December 31, 2023, 2022 and 2021, these costs amounted to $ 617 million, $ 539 million and $ 503 million, respectively. | text | 539 | monetaryItemType | text: <entity> 539 </entity> <entity type> monetaryItemType </entity type> <context> The Company conducts research and development activities with a focus on new product development and technology innovation. These costs are charged to expense as incurred. For the years ended December 31, 2023, 2022 and 2021, these costs amounted to $ 617 million, $ 539 million and $ 503 million, respectively. </context> | us-gaap:ResearchAndDevelopmentExpense |
The Company conducts research and development activities with a focus on new product development and technology innovation. These costs are charged to expense as incurred. For the years ended December 31, 2023, 2022 and 2021, these costs amounted to $ 617 million, $ 539 million and $ 503 million, respectively. | text | 503 | monetaryItemType | text: <entity> 503 </entity> <entity type> monetaryItemType </entity type> <context> The Company conducts research and development activities with a focus on new product development and technology innovation. These costs are charged to expense as incurred. For the years ended December 31, 2023, 2022 and 2021, these costs amounted to $ 617 million, $ 539 million and $ 503 million, respectively. </context> | us-gaap:ResearchAndDevelopmentExpense |
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