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Consolidated Statement of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest Income      
Loans $ 10,277 $ 10,558 $ 10,370
Loans held for sale 203 282 200
Investment securities 1,631 1,792 1,820
Other interest income 174 251 249
Total interest income 12,285 12,883 12,639
Interest Expense      
Deposits 561 691 840
Short-term borrowings 353 442 531
Long-term debt 767 1,005 1,145
Total interest expense 1,681 2,138 2,516
Net interest income 10,604 10,745 10,123
Provision for credit losses 1,340 1,882 2,343
Net interest income after provision for credit losses 9,264 8,863 7,780
Noninterest Income      
Credit and debit card revenue 965 892 1,073
Corporate payment products revenue 706 744 734
Merchant processing services 1,458 1,395 1,355
ATM processing services 327 346 452
Trust and investment management fees 1,139 1,055 1,000
Deposit service charges 670 653 659
Treasury management fees 538 541 551
Commercial products revenue 859 878 841
Mortgage banking revenue 1,356 1,937 986
Investment products fees 178 150 129
Securities gains (losses), net      
Realized gains (losses), net 23 59 4
Total other-than-temporary impairment (6) (62) (60)
Portion of other-than-temporary impairment recognized in other comprehensive income (8) (12) 25
Total securities gains (losses), net 9 (15) (31)
Other 569 743 1,011
Total noninterest income 8,774 9,319 8,760
Noninterest Expense      
Compensation 4,371 4,320 4,041
Employee benefits 1,140 945 845
Net occupancy and equipment 949 917 999
Professional services 381 530 383
Marketing and business development 357 388 369
Technology and communications 848 821 758
Postage, printing and supplies 310 304 303
Other intangibles 223 274 299
Other 1,695 1,957 1,914
Total noninterest expense 10,274 10,456 9,911
Income before income taxes 7,764 7,726 6,629
Applicable income taxes 2,032 2,236 1,841
Net income 5,732 5,490 4,788
Net (income) loss attributable to noncontrolling interests 104 157 84
Net income attributable to U.S. Bancorp 5,836 5,647 4,872
Net income applicable to U.S. Bancorp common shareholders $ 5,552 $ 5,383 $ 4,721
Earnings per common share $ 3.02 $ 2.85 $ 2.47
Diluted earnings per common share $ 3.00 $ 2.84 $ 2.46
Dividends declared per common share $ 0.885 $ 0.780 $ 0.500
Average common shares outstanding 1,839 1,887 1,914
Average diluted common shares outstanding 1,849 1,896 1,923