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Consolidated Statement of Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest Income        
Loans $ 2,568 $ 2,650 $ 7,682 $ 7,919
Loans held for sale 46 76 172 208
Investment securities 420 438 1,222 1,376
Other interest income 34 63 141 184
Total interest income 3,068 3,227 9,217 9,687
Interest Expense        
Deposits 134 172 433 530
Short-term borrowings 98 103 270 353
Long-term debt 178 226 587 786
Total interest expense 410 501 1,290 1,669
Net interest income 2,658 2,726 7,927 8,018
Provision for credit losses 298 488 1,063 1,439
Net interest income after provision for credit losses 2,360 2,238 6,864 6,579
Noninterest Income        
Credit and debit card revenue 244 213 702 650
Corporate payment products revenue 192 201 540 566
Merchant processing services 371 345 1,091 1,041
ATM processing services 83 87 248 263
Trust and investment management fees 280 265 842 779
Deposit service charges 180 174 493 483
Treasury management fees 134 135 408 411
Commercial products revenue 207 225 616 652
Mortgage banking revenue 328 519 1,125 1,461
Investment products fees 46 38 133 111
Securities gains (losses), net        
Realized gains (losses), net    16 21 46
Total other-than-temporary impairment (2) (13) (5) (61)
Portion of other-than-temporary impairment recognized in other comprehensive income (1) (2) (8) (3)
Total securities gains (losses), net (3) 1 8 (18)
Other 115 193 412 591
Total noninterest income 2,177 2,396 6,618 6,990
Noninterest Expense        
Compensation 1,088 1,109 3,268 3,237
Employee benefits 278 225 865 714
Net occupancy and equipment 240 233 709 683
Professional services 94 144 263 364
Marketing and business development 85 96 254 285
Technology and communications 214 205 639 607
Postage, printing and supplies 76 75 230 226
Other intangibles 55 67 167 208
Other 435 455 1,197 1,446
Total noninterest expense 2,565 2,609 7,592 7,770
Income before income taxes 1,972 2,025 5,890 5,799
Applicable income taxes 542 593 1,629 1,684
Net income 1,430 1,432 4,261 4,115
Net (income) loss attributable to noncontrolling interests 38 42 119 112
Net income attributable to U.S. Bancorp 1,468 1,474 4,380 4,227
Net income applicable to U.S. Bancorp common shareholders $ 1,400 $ 1,404 $ 4,163 $ 4,034
Earnings per common share $ 0.76 $ 0.74 $ 2.26 $ 2.13
Diluted earnings per common share $ 0.76 $ 0.74 $ 2.25 $ 2.12
Dividends declared per common share $ 0.230 $ 0.195 $ 0.655 $ 0.585
Average common shares outstanding 1,832 1,886 1,844 1,892
Average diluted common shares outstanding 1,843 1,897 1,854 1,901