XML 41 R57.htm IDEA: XBRL DOCUMENT v2.4.0.6
Significant Accounting Policies - Line of Business Financial Performance (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Condensed Income Statement      
Securities gains (losses), net $ (15) $ (31) $ (78)
Other intangibles 274 299 367
Total noninterest expense 10,456 9,911 9,383
Provision for credit losses 1,882 2,343 4,356
Net income 5,490 4,788 3,265
Net (income) loss attributable to noncontrolling interests 157 84 52
Net income attributable to U.S. Bancorp 5,647 4,872 3,317
Wholesale Banking and Commercial Real Estate [Member]
     
Condensed Income Statement      
Net interest income (taxable-equivalent basis) 2,099 2,123  
Net interest income (taxable-equivalent basis), Percent change (1.10%)    
Noninterest income 1,224 1,222  
Noninterest income, Percent change 0.20%    
Securities gains (losses), net, Percent change       
Total net revenue 3,323 3,345  
Total net revenue, Percent change (0.70%)    
Noninterest expense, Percent change 1.00%    
Total noninterest expense, Percent change 0.90%    
Income before provision and income taxes, Percent change (1.60%)    
Provision for credit losses, Percent change (99.80%)    
Income before income taxes, Percent change 23.60%    
Income taxes and taxable-equivalent adjustment, Percent change 23.80%    
Net income, Percent change 23.40%    
Net (income) loss attributable to noncontrolling interests, Percent change       
Net income attributable to U.S. Bancorp, Percent change 22.90%    
Noninterest expense 1,266 1,254  
Other intangibles 16 16  
Total noninterest expense 1,282 1,270  
Income before provision and income taxes 2,041 2,075  
Provision for credit losses 1 424  
Income before income taxes 2,040 1,651  
Income taxes and taxable-equivalent adjustment 743 600  
Net income 1,297 1,051  
Net (income) loss attributable to noncontrolling interests   4  
Net income attributable to U.S. Bancorp 1,297 1,055  
Average Balance Sheet      
Commercial 45,171 37,396  
Commercial, Percent change 20.80%    
Commercial real estate 19,658 19,293  
Commercial real estate, Percent change 1.90%    
Residential mortgages 59 67  
Residential mortgages, Percent change (11.90%)    
Credit card, Percent change       
Other retail 7 5  
Other retail, Percent change 40.00%    
Total loans, excluding covered loans 64,895 56,761  
Total loans, excluding covered loans, Percent change 14.30%    
Covered loans 914 1,493  
Covered loans, Percent change (38.80%)    
Total loans 65,809 58,254  
Total loans, Percent change 13.00%    
Goodwill 1,604 1,604  
Other intangible assets 36 52  
Other intangible assets, Percent change (30.80%)    
Assets 71,698 64,088  
Assets, Percent change 11.90%    
Noninterest-bearing deposits 31,102 25,183  
Noninterest-bearing deposits, Percent change 23.50%    
Interest checking 10,343 12,687  
Interest checking, Percent change (18.50%)    
Savings products 9,362 9,371  
Savings products, Percent change (0.10%)    
Time deposits 17,161 14,523  
Time deposits, Percent change 18.20%    
Total deposits 67,968 61,764  
Total deposits, Percent change 10.00%    
Total U.S. Bancorp shareholders' equity 6,440 5,582  
Total U.S. Bancorp shareholders' equity, Percent change 15.40%    
Consumer and Small Business Banking [Member]
     
Condensed Income Statement      
Net interest income (taxable-equivalent basis) 4,731 4,599  
Net interest income (taxable-equivalent basis), Percent change 2.90%    
Noninterest income 3,567 2,745  
Noninterest income, Percent change 29.90%    
Securities gains (losses), net, Percent change       
Total net revenue 8,298 7,344  
Total net revenue, Percent change 13.00%    
Noninterest expense, Percent change 7.20%    
Other intangibles, Percent change (30.70%)    
Total noninterest expense, Percent change 6.60%    
Income before provision and income taxes, Percent change 24.50%    
Provision for credit losses, Percent change (16.60%)    
Income before income taxes, Percent change 71.10%    
Income taxes and taxable-equivalent adjustment, Percent change 71.50%    
Net income, Percent change 70.90%    
Net (income) loss attributable to noncontrolling interests, Percent change       
Net income attributable to U.S. Bancorp, Percent change 71.00%    
Noninterest expense 4,986 4,651  
Other intangibles 52 75  
Total noninterest expense 5,038 4,726  
Income before provision and income taxes 3,260 2,618  
Provision for credit losses 1,160 1,391  
Income before income taxes 2,100 1,227  
Income taxes and taxable-equivalent adjustment 765 446  
Net income 1,335 781  
Net (income) loss attributable to noncontrolling interests (1) (1)  
Net income attributable to U.S. Bancorp 1,334 780  
Average Balance Sheet      
Commercial 8,218 7,391  
Commercial, Percent change 11.20%    
Commercial real estate 16,135 15,539  
Commercial real estate, Percent change 3.80%    
Residential mortgages 39,826 33,248  
Residential mortgages, Percent change 19.80%    
Credit card, Percent change       
Other retail 45,596 45,760  
Other retail, Percent change (0.40%)    
Total loans, excluding covered loans 109,775 101,938  
Total loans, excluding covered loans, Percent change 7.70%    
Covered loans 7,523 8,405  
Covered loans, Percent change (10.50%)    
Total loans 117,298 110,343  
Total loans, Percent change 6.30%    
Goodwill 3,516 3,520  
Goodwill, Percent change (0.10%)    
Other intangible assets 1,787 2,043  
Other intangible assets, Percent change (12.50%)    
Assets 134,372 124,399  
Assets, Percent change 8.00%    
Noninterest-bearing deposits 20,510 17,941  
Noninterest-bearing deposits, Percent change 14.30%    
Interest checking 29,947 26,620  
Interest checking, Percent change 12.50%    
Savings products 43,431 40,555  
Savings products, Percent change 7.10%    
Time deposits 23,838 24,446  
Time deposits, Percent change (2.50%)    
Total deposits 117,726 109,562  
Total deposits, Percent change 7.50%    
Total U.S. Bancorp shareholders' equity 11,279 9,433  
Total U.S. Bancorp shareholders' equity, Percent change 19.60%    
Wealth Management and Securities Services [Member]
     
Condensed Income Statement      
Net interest income (taxable-equivalent basis) 354 355  
Net interest income (taxable-equivalent basis), Percent change (0.30%)    
Noninterest income 1,122 1,052  
Noninterest income, Percent change 6.70%    
Total net revenue 1,476 1,407  
Total net revenue, Percent change 4.90%    
Noninterest expense, Percent change 6.50%    
Other intangibles, Percent change 11.10%    
Total noninterest expense, Percent change 6.60%    
Income before provision and income taxes, Percent change (1.70%)    
Income before income taxes, Percent change (4.60%)    
Income taxes and taxable-equivalent adjustment, Percent change (3.90%)    
Net income, Percent change (5.00%)    
Net income attributable to U.S. Bancorp, Percent change (5.00%)    
Noninterest expense 1,152 1,082  
Other intangibles 40 36  
Total noninterest expense 1,192 1,118  
Income before provision and income taxes 284 289  
Provision for credit losses 15 7  
Income before income taxes 269 282  
Income taxes and taxable-equivalent adjustment 98 102  
Net income 171 180  
Net income attributable to U.S. Bancorp 171 180  
Average Balance Sheet      
Commercial 1,347 1,068  
Commercial, Percent change 26.10%    
Commercial real estate 587 576  
Commercial real estate, Percent change 1.90%    
Residential mortgages 399 386  
Residential mortgages, Percent change 3.40%    
Other retail 1,524 1,535  
Other retail, Percent change (0.70%)    
Total loans, excluding covered loans 3,857 3,565  
Total loans, excluding covered loans, Percent change 8.20%    
Covered loans 11 12  
Covered loans, Percent change (8.30%)    
Total loans 3,868 3,577  
Total loans, Percent change 8.10%    
Goodwill 1,473 1,463  
Goodwill, Percent change 0.70%    
Other intangible assets 171 184  
Other intangible assets, Percent change (7.10%)    
Assets 6,528 6,008  
Assets, Percent change 8.70%    
Noninterest-bearing deposits 14,511 9,688  
Noninterest-bearing deposits, Percent change 49.80%    
Interest checking 3,950 3,199  
Interest checking, Percent change 23.50%    
Savings products 23,505 21,637  
Savings products, Percent change 8.60%    
Time deposits 5,090 5,548  
Time deposits, Percent change (8.30%)    
Total deposits 47,056 40,072  
Total deposits, Percent change 17.40%    
Total U.S. Bancorp shareholders' equity 2,232 2,081  
Total U.S. Bancorp shareholders' equity, Percent change 7.30%    
Payment Services [Member]
     
Condensed Income Statement      
Net interest income (taxable-equivalent basis) 1,548 1,354  
Net interest income (taxable-equivalent basis), Percent change 14.30%    
Noninterest income 3,192 3,242  
Noninterest income, Percent change (1.50%)    
Total net revenue 4,740 4,596  
Total net revenue, Percent change 3.10%    
Noninterest expense, Percent change 3.40%    
Other intangibles, Percent change (3.50%)    
Total noninterest expense, Percent change 2.80%    
Income before provision and income taxes, Percent change 3.40%    
Provision for credit losses, Percent change 36.80%    
Income before income taxes, Percent change (4.50%)    
Income taxes and taxable-equivalent adjustment, Percent change (4.50%)    
Net income, Percent change (4.60%)    
Net (income) loss attributable to noncontrolling interests, Percent change 5.00%    
Net income attributable to U.S. Bancorp, Percent change (4.50%)    
Noninterest expense 1,836 1,776  
Other intangibles 166 172  
Total noninterest expense 2,002 1,948  
Income before provision and income taxes 2,738 2,648  
Provision for credit losses 695 508  
Income before income taxes 2,043 2,140  
Income taxes and taxable-equivalent adjustment 744 779  
Net income 1,299 1,361  
Net (income) loss attributable to noncontrolling interests (38) (40)  
Net income attributable to U.S. Bancorp 1,261 1,321  
Average Balance Sheet      
Commercial 5,962 5,640  
Commercial, Percent change 5.70%    
Credit card 16,653 16,084  
Credit card, Percent change 3.50%    
Other retail 810 898  
Other retail, Percent change (9.80%)    
Total loans, excluding covered loans 23,425 22,622  
Total loans, excluding covered loans, Percent change 3.50%    
Covered loans 5 5  
Total loans 23,430 22,627  
Total loans, Percent change 3.50%    
Goodwill 2,360 2,362  
Goodwill, Percent change (0.10%)    
Other intangible assets 690 791  
Other intangible assets, Percent change (12.80%)    
Assets 29,576 27,936  
Assets, Percent change 5.90%    
Noninterest-bearing deposits 643 673  
Noninterest-bearing deposits, Percent change (4.50%)    
Interest checking 1,192 320  
Savings products 39 30  
Savings products, Percent change 30.00%    
Total deposits 1,874 1,023  
Total deposits, Percent change 83.20%    
Total U.S. Bancorp shareholders' equity 5,686 5,280  
Total U.S. Bancorp shareholders' equity, Percent change 7.70%    
Treasury and Corporate Support [Member]
     
Condensed Income Statement      
Net interest income (taxable-equivalent basis) 2,237 1,917  
Net interest income (taxable-equivalent basis), Percent change 16.70%    
Noninterest income 229 530  
Noninterest income, Percent change (56.80%)    
Securities gains (losses), net (15) (31)  
Securities gains (losses), net, Percent change 51.60%    
Total net revenue 2,451 2,416  
Total net revenue, Percent change 1.40%    
Noninterest expense, Percent change 11.00%    
Total noninterest expense, Percent change 11.00%    
Income before provision and income taxes, Percent change (3.70%)    
Provision for credit losses, Percent change (15.40%)    
Income before income taxes, Percent change (3.60%)    
Income taxes and taxable-equivalent adjustment, Percent change (20.90%)    
Net income, Percent change (1.90%)    
Net (income) loss attributable to noncontrolling interests, Percent change 62.00%    
Net income attributable to U.S. Bancorp, Percent change 3.10%    
Noninterest expense 942 849  
Total noninterest expense 942 849  
Income before provision and income taxes 1,509 1,567  
Provision for credit losses 11 13  
Income before income taxes 1,498 1,554  
Income taxes and taxable-equivalent adjustment 110 139  
Net income 1,388 1,415  
Net (income) loss attributable to noncontrolling interests 196 121  
Net income attributable to U.S. Bancorp 1,584 1,536  
Average Balance Sheet      
Commercial 132 121  
Commercial, Percent change 9.10%    
Commercial real estate 125 106  
Commercial real estate, Percent change 17.90%    
Residential mortgages 6 10  
Residential mortgages, Percent change (40.00%)    
Other retail 1 1  
Total loans, excluding covered loans 264 238  
Total loans, excluding covered loans, Percent change 10.90%    
Covered loans 4,705 6,388  
Covered loans, Percent change (26.30%)    
Total loans 4,969 6,626  
Total loans, Percent change (25.00%)    
Other intangible assets 4 5  
Other intangible assets, Percent change (20.00%)    
Assets 100,675 95,833  
Assets, Percent change 5.10%    
Noninterest-bearing deposits 475 371  
Noninterest-bearing deposits, Percent change 28.00%    
Interest checking 1 1  
Savings products 133 180  
Savings products, Percent change (26.10%)    
Time deposits 477 186  
Total deposits 1,086 738  
Total deposits, Percent change 47.20%    
Total U.S. Bancorp shareholders' equity 11,974 9,824  
Total U.S. Bancorp shareholders' equity, Percent change 21.90%    
Consolidated Company [Member]
     
Condensed Income Statement      
Net interest income (taxable-equivalent basis) 10,969 10,348  
Net interest income (taxable-equivalent basis), Percent change 6.00%    
Noninterest income 9,334 8,791  
Noninterest income, Percent change 6.20%    
Securities gains (losses), net (15) (31)  
Securities gains (losses), net, Percent change 51.60%    
Total net revenue 20,288 19,108  
Total net revenue, Percent change 6.20%    
Noninterest expense, Percent change 5.90%    
Other intangibles, Percent change (8.40%)    
Total noninterest expense, Percent change 5.50%    
Income before provision and income taxes, Percent change 6.90%    
Provision for credit losses, Percent change (19.70%)    
Income before income taxes, Percent change 16.00%    
Income taxes and taxable-equivalent adjustment, Percent change 19.10%    
Net income, Percent change 14.70%    
Net (income) loss attributable to noncontrolling interests, Percent change 86.90%    
Net income attributable to U.S. Bancorp, Percent change 15.90%    
Noninterest expense 10,182 9,612  
Other intangibles 274 299  
Total noninterest expense 10,456 9,911  
Income before provision and income taxes 9,832 9,197  
Provision for credit losses 1,882 2,343  
Income before income taxes 7,950 6,854  
Income taxes and taxable-equivalent adjustment 2,460 2,066  
Net income 5,490 4,788  
Net (income) loss attributable to noncontrolling interests 157 84  
Net income attributable to U.S. Bancorp 5,647 4,872  
Average Balance Sheet      
Commercial 60,830 51,616  
Commercial, Percent change 17.90%    
Commercial real estate 36,505 35,514  
Commercial real estate, Percent change 2.80%    
Residential mortgages 40,290 33,711  
Residential mortgages, Percent change 19.50%    
Credit card 16,653 16,084  
Credit card, Percent change 3.50%    
Other retail 47,938 48,199  
Other retail, Percent change (0.50%)    
Total loans, excluding covered loans 202,216 185,124  
Total loans, excluding covered loans, Percent change 9.20%    
Covered loans 13,158 16,303  
Covered loans, Percent change (19.30%)    
Total loans 215,374 201,427  
Total loans, Percent change 6.90%    
Goodwill 8,953 8,949  
Goodwill, Percent change 0.00%    
Other intangible assets 2,688 3,075  
Other intangible assets, Percent change (12.60%)    
Assets 342,849 318,264  
Assets, Percent change 7.70%    
Noninterest-bearing deposits 67,241 53,856  
Noninterest-bearing deposits, Percent change 24.90%    
Interest checking 45,433 42,827  
Interest checking, Percent change 6.10%    
Savings products 76,470 71,773  
Savings products, Percent change 6.50%    
Time deposits 46,566 44,703  
Time deposits, Percent change 4.20%    
Total deposits 235,710 213,159  
Total deposits, Percent change 10.60%    
Total U.S. Bancorp shareholders' equity $ 37,611 $ 32,200  
Total U.S. Bancorp shareholders' equity, Percent change 16.80%