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Consolidated Statement of Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest Income        
Loans $ 2,552 $ 2,631 $ 5,114 $ 5,269
Loans held for sale 54 67 126 132
Investment securities 392 470 802 938
Other interest income 40 60 107 121
Total interest income 3,038 3,228 6,149 6,460
Interest Expense        
Deposits 144 177 299 358
Short-term borrowings 87 127 172 250
Long-term debt 191 266 409 560
Total interest expense 422 570 880 1,168
Net interest income 2,616 2,658 5,269 5,292
Provision for credit losses 362 470 765 951
Net interest income after provision for credit losses 2,254 2,188 4,504 4,341
Noninterest Income        
Credit and debit card revenue 244 235 458 437
Corporate payment products revenue 176 190 348 365
Merchant processing services 373 359 720 696
ATM processing services 83 89 165 176
Trust and investment management fees 284 262 562 514
Deposit service charges 160 156 313 309
Treasury management fees 140 142 274 276
Commercial products revenue 209 216 409 427
Mortgage banking revenue 396 490 797 942
Investment products fees 46 38 87 73
Securities gains (losses), net        
Realized gains (losses), net 9 21 21 30
Total other-than-temporary impairment (2) (39) (3) (48)
Portion of other-than-temporary impairment recognized in other comprehensive income (1) (1) (7) (1)
Total securities gains (losses), net 6 (19) 11 (19)
Other 159 197 297 398
Total noninterest income 2,276 2,355 4,441 4,594
Noninterest Expense        
Compensation 1,098 1,076 2,180 2,128
Employee benefits 277 229 587 489
Net occupancy and equipment 234 230 469 450
Professional services 91 136 169 220
Marketing and business development 96 80 169 189
Technology and communications 214 201 425 402
Postage, printing and supplies 78 77 154 151
Other intangibles 55 70 112 141
Other 414 502 762 991
Total noninterest expense 2,557 2,601 5,027 5,161
Income before income taxes 1,973 1,942 3,918 3,774
Applicable income taxes 529 564 1,087 1,091
Net income 1,444 1,378 2,831 2,683
Net (income) loss attributable to noncontrolling interests 40 37 81 70
Net income attributable to U.S. Bancorp 1,484 1,415 2,912 2,753
Net income applicable to U.S. Bancorp common shareholders $ 1,405 $ 1,345 $ 2,763 $ 2,630
Earnings per common share $ 0.76 $ 0.71 $ 1.49 $ 1.39
Diluted earnings per common share $ 0.76 $ 0.71 $ 1.49 $ 1.38
Dividends declared per common share $ 0.230 $ 0.195 $ 0.425 $ 0.390
Average common shares outstanding 1,843 1,888 1,851 1,895
Average diluted common shares outstanding 1,853 1,898 1,860 1,904