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Consolidated Statement of Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Interest Income    
Loans $ 2,522 $ 2,562
Loans held for sale 27 72
Investment securities 441 410
Other interest income 32 67
Total interest income 3,022 3,111
Interest Expense    
Deposits 119 155
Short-term borrowings 69 85
Long-term debt 184 218
Total interest expense 372 458
Net interest income 2,650 2,653
Provision for credit losses 306 403
Net interest income after provision for credit losses 2,344 2,250
Noninterest Income    
Credit and debit card revenue 239 214
Corporate payment products revenue 173 172
Merchant processing services 356 347
ATM processing services 78 82
Trust and investment management fees 304 278
Deposit service charges 157 153
Treasury management fees 133 134
Commercial products revenue 205 200
Mortgage banking revenue 236 401
Investment products fees 46 41
Securities gains (losses), net    
Realized gains (losses), net 5 12
Total other-than-temporary impairment   (1)
Portion of other-than-temporary impairment recognized in other comprehensive income   (6)
Total securities gains (losses), net 5 5
Other 176 138
Total noninterest income 2,108 2,165
Noninterest Expense    
Compensation 1,115 1,082
Employee benefits 289 310
Net occupancy and equipment 249 235
Professional services 83 78
Marketing and business development 79 73
Technology and communications 211 211
Postage, printing and supplies 81 76
Other intangibles 49 57
Other 388 348
Total noninterest expense 2,544 2,470
Income before income taxes 1,908 1,945
Applicable income taxes 496 558
Net income 1,412 1,387
Net (income) loss attributable to noncontrolling interests (15) 41
Net income attributable to U.S. Bancorp 1,397 1,428
Net income applicable to U.S. Bancorp common shareholders $ 1,331 $ 1,358
Earnings per common share $ 0.73 $ 0.73
Diluted earnings per common share $ 0.73 $ 0.73
Dividends declared per common share $ 0.230 $ 0.195
Average common shares outstanding 1,818 1,858
Average diluted common shares outstanding 1,828 1,867