XML 67 R36.htm IDEA: XBRL DOCUMENT v2.4.0.6
Line of Business Financial Performance (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Condensed Income Statement        
Securities gains (losses), net $ 1 $ (9) $ (18) $ (22)
Other intangibles 67 75 208 225
Total noninterest expense 2,609 2,476 7,770 7,215
Provision for credit losses 488 519 1,439 1,846
Income before income taxes 2,025 1,742 5,799 4,774
Net income 1,432 1,252 4,115 3,460
Net (income) loss attributable to noncontrolling interests 42 21 112 62
Net income attributable to U.S. Bancorp 1,474 1,273 4,227 3,522
Wholesale Banking and Commercial Real Estate
       
Condensed Income Statement        
Net interest income (taxable-equivalent basis), Percent change (3.30%)   (0.40%)  
Net interest income (taxable-equivalent basis) 526 544 1,580 1,586
Noninterest income, Percent change (6.60%)   (1.40%)  
Noninterest income 296 317 923 936
Total net revenue, Percent change (4.50%)   (0.80%)  
Total net revenue 822 861 2,503 2,522
Noninterest expense, Percent change (2.20%)   0.60%  
Noninterest expense 306 313 941 935
Other intangibles 4 4 12 12
Total noninterest expense, Percent change (2.20%)   0.60%  
Total noninterest expense 310 317 953 947
Income before provision and income taxes, Percent change (5.90%)   (1.60%)  
Income before provision and income taxes 512 544 1,550 1,575
Provision for credit losses, Percent change     (99.20%)  
Provision for credit losses   65 3 356
Income before income taxes, Percent change 6.90%   26.90%  
Income before income taxes 512 479 1,547 1,219
Income taxes and taxable-equivalent adjustment, Percent change 6.90%   27.10%  
Income taxes and taxable-equivalent adjustment 186 174 563 443
Net income, Percent change 6.90%   26.80%  
Net income 326 305 984 776
Net (income) loss attributable to noncontrolling interests   (1)   5
Net income attributable to U.S. Bancorp, Percent change 7.20%   26.00%  
Net income attributable to U.S. Bancorp 326 304 984 781
Average Balance Sheet        
Commercial, Percent change 21.50%   21.90%  
Commercial 46,210 38,020 44,376 36,406
Commercial real estate, Percent change 2.40%   1.80%  
Commercial real estate 19,681 19,224 19,614 19,271
Residential mortgages, Percent change (16.90%)   (11.80%)  
Residential mortgages 54 65 60 68
Other retail, Percent change 75.00%   (16.70%)  
Other retail 7 4 5 6
Total loans, excluding covered loans, Percent change 15.10%   14.90%  
Total loans, excluding covered loans 65,952 57,313 64,055 55,751
Covered loans, Percent change (38.90%)   (36.90%)  
Covered loans 806 1,320 1,003 1,589
Total loans, Percent change 13.90%   13.50%  
Total loans 66,758 58,633 65,058 57,340
Other intangible assets, Percent change (32.00%)   (30.90%)  
Assets, Percent change 12.50%   12.10%  
Noninterest-bearing deposits, Percent change 11.40%   29.00%  
Interest checking, Percent change (28.10%)   (18.60%)  
Savings products, Percent change 10.40%   (6.70%)  
Time deposits, Percent change 43.90%   15.90%  
Total deposits, Percent change 12.00%   10.10%  
Total U.S. Bancorp shareholders' equity, Percent change 13.90%   14.40%  
Goodwill 1,604 1,604 1,604 1,604
Other intangible assets 34 50 38 55
Assets 72,668 64,594 70,895 63,218
Noninterest-bearing deposits 31,025 27,848 30,630 23,749
Interest checking 7,890 10,974 10,608 13,024
Savings products 10,320 9,351 8,918 9,555
Time deposits 21,202 14,732 17,210 14,845
Total deposits 70,437 62,905 67,366 61,173
Total U.S. Bancorp shareholders' equity 6,383 5,604 6,327 5,533
Consumer and Small Business Banking
       
Condensed Income Statement        
Net interest income (taxable-equivalent basis), Percent change 3.30%   4.10%  
Net interest income (taxable-equivalent basis) 1,191 1,153 3,551 3,412
Noninterest income, Percent change 31.70%   35.40%  
Noninterest income 931 707 2,701 1,995
Total net revenue, Percent change 14.10%   15.60%  
Total net revenue 2,122 1,860 6,252 5,407
Noninterest expense, Percent change 7.50%   7.10%  
Noninterest expense 1,251 1,164 3,673 3,430
Other intangibles, Percent change (31.60%)   (31.60%)  
Other intangibles 13 19 39 57
Total noninterest expense, Percent change 6.80%   6.50%  
Total noninterest expense 1,264 1,183 3,712 3,487
Income before provision and income taxes, Percent change 26.70%   32.30%  
Income before provision and income taxes 858 677 2,540 1,920
Provision for credit losses, Percent change 4.80%   (20.20%)  
Provision for credit losses 346 330 875 1,097
Income before income taxes, Percent change 47.60%      
Income before income taxes 512 347 1,665 823
Income taxes and taxable-equivalent adjustment, Percent change 47.60%      
Income taxes and taxable-equivalent adjustment 186 126 605 299
Net income, Percent change 47.50%      
Net income 326 221 1,060 524
Net (income) loss attributable to noncontrolling interests       (1)
Net income attributable to U.S. Bancorp, Percent change 47.50%      
Net income attributable to U.S. Bancorp 326 221 1,060 523
Average Balance Sheet        
Commercial, Percent change 14.50%   12.20%  
Commercial 8,398 7,332 8,127 7,243
Commercial real estate, Percent change 3.50%   3.90%  
Commercial real estate 16,208 15,656 16,070 15,462
Residential mortgages, Percent change 20.80%   20.00%  
Residential mortgages 40,526 33,561 38,883 32,391
Other retail, Percent change (0.70%)   (0.20%)  
Other retail 45,656 46,000 45,604 45,691
Total loans, excluding covered loans, Percent change 8.00%   7.80%  
Total loans, excluding covered loans 110,788 102,549 108,684 100,787
Covered loans, Percent change (10.50%)   (10.30%)  
Covered loans 7,396 8,266 7,642 8,520
Total loans, Percent change 6.60%   6.40%  
Total loans 118,184 110,815 116,326 109,307
Goodwill, Percent change     (0.20%)  
Other intangible assets, Percent change (9.40%)   (16.60%)  
Assets, Percent change 9.60%   8.30%  
Noninterest-bearing deposits, Percent change 18.30%   12.00%  
Interest checking, Percent change 11.10%   13.10%  
Savings products, Percent change 7.30%   7.00%  
Time deposits, Percent change (3.40%)   (1.60%)  
Total deposits, Percent change 7.60%   7.40%  
Total U.S. Bancorp shareholders' equity, Percent change 24.00%   20.20%  
Goodwill 3,515 3,515 3,515 3,521
Other intangible assets 1,764 1,946 1,784 2,138
Assets 135,828 123,960 133,108 122,942
Noninterest-bearing deposits 21,127 17,852 19,774 17,649
Interest checking 30,051 27,048 29,660 26,228
Savings products 43,723 40,762 43,106 40,290
Time deposits 23,673 24,500 24,097 24,478
Total deposits 118,574 110,162 116,637 108,645
Total U.S. Bancorp shareholders' equity 11,562 9,327 11,147 9,277
Wealth Management and Securities Services
       
Condensed Income Statement        
Net interest income (taxable-equivalent basis), Percent change (3.40%)   1.50%  
Net interest income (taxable-equivalent basis) 86 89 263 259
Noninterest income, Percent change 11.40%   4.40%  
Noninterest income 283 254 828 793
Total net revenue, Percent change 7.60%   3.70%  
Total net revenue 369 343 1,091 1,052
Noninterest expense, Percent change 8.20%   6.70%  
Noninterest expense 289 267 856 802
Other intangibles, Percent change 11.10%   11.10%  
Other intangibles 10 9 30 27
Total noninterest expense, Percent change 8.30%   6.90%  
Total noninterest expense 299 276 886 829
Income before provision and income taxes, Percent change 4.50%   (8.10%)  
Income before provision and income taxes 70 67 205 223
Provision for credit losses 4 2 6 3
Income before income taxes, Percent change 1.50%   (9.50%)  
Income before income taxes 66 65 199 220
Income taxes and taxable-equivalent adjustment, Percent change     (11.10%)  
Income taxes and taxable-equivalent adjustment 24 24 72 81
Net income, Percent change 2.40%   (8.60%)  
Net income 42 41 127 139
Net income attributable to U.S. Bancorp, Percent change 2.40%   (8.60%)  
Net income attributable to U.S. Bancorp 42 41 127 139
Average Balance Sheet        
Commercial, Percent change 30.80%   18.50%  
Commercial 1,398 1,069 1,267 1,069
Commercial real estate, Percent change 5.60%   1.20%  
Commercial real estate 599 567 582 575
Residential mortgages, Percent change (2.00%)   (1.60%)  
Residential mortgages 384 392 379 385
Other retail, Percent change 2.40%   (2.20%)  
Other retail 1,526 1,490 1,513 1,547
Total loans, excluding covered loans, Percent change 11.10%   4.60%  
Total loans, excluding covered loans 3,907 3,518 3,741 3,576
Covered loans, Percent change (8.30%)      
Covered loans 11 12 12 12
Total loans, Percent change 11.00%   4.60%  
Total loans 3,918 3,530 3,753 3,588
Goodwill, Percent change 0.40%   0.30%  
Other intangible assets, Percent change (7.80%)   (8.50%)  
Assets, Percent change 12.10%   7.20%  
Noninterest-bearing deposits, Percent change 25.90%   70.20%  
Interest checking, Percent change 38.20%   34.90%  
Savings products, Percent change 8.10%   8.60%  
Time deposits, Percent change 14.00%   (17.40%)  
Total deposits, Percent change 16.10%   19.70%  
Total U.S. Bancorp shareholders' equity, Percent change 8.00%   7.00%  
Goodwill 1,469 1,463 1,468 1,463
Other intangible assets 165 179 172 188
Assets 6,698 5,976 6,454 6,018
Noninterest-bearing deposits 14,856 11,801 13,899 8,176
Interest checking 3,919 2,835 3,924 2,908
Savings products 23,051 21,314 23,163 21,329
Time deposits 5,459 4,787 4,888 5,919
Total deposits 47,285 40,737 45,874 38,332
Total U.S. Bancorp shareholders' equity 2,241 2,075 2,223 2,078
Payment Services
       
Condensed Income Statement        
Net interest income (taxable-equivalent basis), Percent change 14.00%   16.00%  
Net interest income (taxable-equivalent basis) 382 335 1,154 995
Noninterest income, Percent change (0.40%)   (1.80%)  
Noninterest income 851 854 2,399 2,443
Total net revenue, Percent change 3.70%   3.30%  
Total net revenue 1,233 1,189 3,553 3,438
Noninterest expense, Percent change 0.40%   2.90%  
Noninterest expense 451 449 1,344 1,306
Other intangibles, Percent change (7.00%)   (1.60%)  
Other intangibles 40 43 127 129
Total noninterest expense, Percent change (0.20%)   2.50%  
Total noninterest expense 491 492 1,471 1,435
Income before provision and income taxes, Percent change 6.50%   3.90%  
Income before provision and income taxes 742 697 2,082 2,003
Provision for credit losses, Percent change 8.00%   45.40%  
Provision for credit losses 135 125 548 377
Income before income taxes, Percent change 6.10%   (5.70%)  
Income before income taxes 607 572 1,534 1,626
Income taxes and taxable-equivalent adjustment, Percent change 6.30%   (5.60%)  
Income taxes and taxable-equivalent adjustment 221 208 558 591
Net income, Percent change 6.00%   (5.70%)  
Net income 386 364 976 1,035
Net (income) loss attributable to noncontrolling interests, Percent change     (3.40%)  
Net (income) loss attributable to noncontrolling interests (10) (10) (30) (29)
Net income attributable to U.S. Bancorp, Percent change 6.20%   (6.00%)  
Net income attributable to U.S. Bancorp 376 354 946 1,006
Average Balance Sheet        
Commercial, Percent change 4.00%   6.20%  
Commercial 6,062 5,828 5,904 5,561
Credit card, Percent change 3.10%   4.10%  
Credit card 16,551 16,057 16,675 16,022
Other retail, Percent change (9.40%)   (10.10%)  
Other retail 802 885 817 909
Total loans, excluding covered loans, Percent change 2.80%   4.00%  
Total loans, excluding covered loans 23,415 22,770 23,396 22,492
Covered loans, Percent change     25.00%  
Covered loans 5 5 5 4
Total loans, Percent change 2.80%   4.00%  
Total loans 23,420 22,775 23,401 22,496
Goodwill, Percent change (0.90%)   (0.70%)  
Other intangible assets, Percent change (16.60%)   (11.00%)  
Assets, Percent change 4.60%   7.20%  
Noninterest-bearing deposits, Percent change (4.60%)   (6.70%)  
Savings products, Percent change 29.00%   27.60%  
Total U.S. Bancorp shareholders' equity, Percent change 7.20%   7.80%  
Goodwill 2,346 2,367 2,349 2,365
Other intangible assets 646 775 717 806
Assets 29,522 28,235 29,685 27,679
Noninterest-bearing deposits 623 653 638 684
Interest checking 1,346 184 1,329 174
Savings products 40 31 37 29
Total deposits 2,009 868 2,004 887
Total U.S. Bancorp shareholders' equity 5,654 5,276 5,681 5,272
Treasury and Corporate Support
       
Condensed Income Statement        
Net interest income (taxable-equivalent basis), Percent change 18.90%   15.10%  
Net interest income (taxable-equivalent basis) 598 503 1,638 1,423
Noninterest income, Percent change (29.20%)   (14.70%)  
Noninterest income 34 48 157 184
Securities gains (losses), net, Percent change     18.20%  
Securities gains (losses), net 1 (9) (18) (22)
Total net revenue, Percent change 16.80%   12.10%  
Total net revenue 633 542 1,777 1,585
Noninterest expense, Percent change 17.80%   44.70%  
Noninterest expense 245 208 748 517
Total noninterest expense, Percent change 17.80%   44.70%  
Total noninterest expense 245 208 748 517
Income before provision and income taxes, Percent change 16.20%   (3.70%)  
Income before provision and income taxes 388 334 1,029 1,068
Provision for credit losses, Percent change     (46.20%)  
Provision for credit losses 3 (3) 7 13
Income before income taxes, Percent change 14.20%   (3.10%)  
Income before income taxes 385 337 1,022 1,055
Income taxes and taxable-equivalent adjustment, Percent change     (21.70%)  
Income taxes and taxable-equivalent adjustment 33 16 54 69
Net income, Percent change 9.70%   (1.80%)  
Net income 352 321 968 986
Net (income) loss attributable to noncontrolling interests, Percent change 62.50%   63.20%  
Net (income) loss attributable to noncontrolling interests 52 32 142 87
Net income attributable to U.S. Bancorp, Percent change 14.40%   3.40%  
Net income attributable to U.S. Bancorp 404 353 1,110 1,073
Average Balance Sheet        
Commercial, Percent change 30.50%   11.50%  
Commercial 124 95 116 104
Commercial real estate, Percent change 16.40%   12.80%  
Commercial real estate 142 122 123 109
Residential mortgages, Percent change (37.50%)   (40.00%)  
Residential mortgages 5 8 6 10
Other retail   1 1 1
Total loans, excluding covered loans, Percent change 19.90%   9.80%  
Total loans, excluding covered loans 271 226 246 224
Covered loans, Percent change (29.30%)   (24.80%)  
Covered loans 4,377 6,190 4,947 6,578
Total loans, Percent change (27.60%)   (23.70%)  
Total loans 4,648 6,416 5,193 6,802
Other intangible assets, Percent change (20.00%)   (20.00%)  
Assets, Percent change 2.10%   6.80%  
Noninterest-bearing deposits, Percent change 9.70%   60.70%  
Savings products, Percent change (32.90%)   (29.20%)  
Total deposits, Percent change 40.00%   57.20%  
Total U.S. Bancorp shareholders' equity, Percent change 18.30%   22.90%  
Other intangible assets 4 5 4 5
Assets 100,937 98,816 100,665 94,222
Noninterest-bearing deposits 496 452 482 300
Interest checking 1 1 1 1
Savings products 139 207 136 192
Time deposits 340 37 478 205
Total deposits 976 697 1,097 698
Total U.S. Bancorp shareholders' equity 12,779 10,805 11,727 9,539
Consolidated Company
       
Condensed Income Statement        
Net interest income (taxable-equivalent basis), Percent change 6.10%   6.70%  
Net interest income (taxable-equivalent basis) 2,783 2,624 8,186 7,675
Noninterest income, Percent change 9.90%   10.30%  
Noninterest income 2,395 2,180 7,008 6,351
Securities gains (losses), net, Percent change     18.20%  
Securities gains (losses), net 1 (9) (18) (22)
Total net revenue, Percent change 8.00%   8.40%  
Total net revenue 5,179 4,795 15,176 14,004
Noninterest expense, Percent change 5.90%   8.20%  
Noninterest expense 2,542 2,401 7,562 6,990
Other intangibles, Percent change (10.70%)   (7.60%)  
Other intangibles 67 75 208 225
Total noninterest expense, Percent change 5.40%   7.70%  
Total noninterest expense 2,609 2,476 7,770 7,215
Income before provision and income taxes, Percent change 10.80%   9.10%  
Income before provision and income taxes 2,570 2,319 7,406 6,789
Provision for credit losses, Percent change (6.00%)   (22.00%)  
Provision for credit losses 488 519 1,439 1,846
Income before income taxes, Percent change 15.70%   20.70%  
Income before income taxes 2,082 1,800 5,967 4,943
Income taxes and taxable-equivalent adjustment, Percent change 18.60%   24.90%  
Income taxes and taxable-equivalent adjustment 650 548 1,852 1,483
Net income, Percent change 14.40%   18.90%  
Net income 1,432 1,252 4,115 3,460
Net (income) loss attributable to noncontrolling interests, Percent change     80.60%  
Net (income) loss attributable to noncontrolling interests 42 21 112 62
Net income attributable to U.S. Bancorp, Percent change 15.80%   20.00%  
Net income attributable to U.S. Bancorp 1,474 1,273 4,227 3,522
Average Balance Sheet        
Commercial, Percent change 18.80%   18.70%  
Commercial 62,192 52,344 59,790 50,383
Commercial real estate, Percent change 3.00%   2.70%  
Commercial real estate 36,630 35,569 36,389 35,417
Residential mortgages, Percent change 20.40%   19.70%  
Residential mortgages 40,969 34,026 39,328 32,854
Credit card, Percent change 3.10%   4.10%  
Credit card 16,551 16,057 16,675 16,022
Other retail, Percent change (0.80%)   (0.40%)  
Other retail 47,991 48,380 47,940 48,154
Total loans, excluding covered loans, Percent change 9.60%   9.50%  
Total loans, excluding covered loans 204,333 186,376 200,122 182,830
Covered loans, Percent change (20.20%)   (18.50%)  
Covered loans 12,595 15,793 13,609 16,703
Total loans, Percent change 7.30%   7.10%  
Total loans 216,928 202,169 213,731 199,533
Goodwill, Percent change (0.20%)   (0.20%)  
Other intangible assets, Percent change (11.60%)   (14.90%)  
Assets, Percent change 7.50%   8.50%  
Noninterest-bearing deposits, Percent change 16.20%   29.40%  
Interest checking, Percent change 5.30%   7.50%  
Savings products, Percent change 7.80%   5.60%  
Time deposits, Percent change 15.00%   2.70%  
Total deposits, Percent change 11.10%   11.10%  
Total U.S. Bancorp shareholders' equity, Percent change 16.70%   17.10%  
Goodwill 8,934 8,949 8,936 8,953
Other intangible assets 2,613 2,955 2,715 3,192
Assets 345,653 321,581 340,807 314,079
Noninterest-bearing deposits 68,127 58,606 65,423 50,558
Interest checking 43,207 41,042 45,522 42,335
Savings products 77,273 71,665 75,360 71,395
Time deposits 50,674 44,056 46,673 45,447
Total deposits 239,281 215,369 232,978 209,735
Total U.S. Bancorp shareholders' equity $ 38,619 $ 33,087 $ 37,105 $ 31,699