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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest Income        
Loans $ 2,532 $ 2,552 $ 5,054 $ 5,114
Loans held for sale 24 54 51 126
Investment securities 461 392 902 802
Other interest income 30 40 62 107
Total interest income 3,047 3,038 6,069 6,149
Interest Expense        
Deposits 114 144 233 299
Short-term borrowings 63 87 132 172
Long-term debt 181 191 365 409
Total interest expense 358 422 730 880
Net interest income 2,689 2,616 5,339 5,269
Provision for credit losses 324 362 630 765
Net interest income after provision for credit losses 2,365 2,254 4,709 4,504
Noninterest Income        
Credit and debit card revenue 259 244 498 458
Corporate payment products revenue 182 176 355 348
Merchant processing services 384 373 740 720
ATM processing services 82 83 160 165
Trust and investment management fees 311 284 615 562
Deposit service charges 171 160 328 313
Treasury management fees 140 140 273 274
Commercial products revenue 221 209 426 409
Mortgage banking revenue 278 396 514 797
Investment products fees 47 46 93 87
Securities gains (losses), net        
Realized gains (losses), net 3 9 8 21
Total other-than-temporary impairment (2) (2) (2) (3)
Portion of other-than-temporary impairment recognized in other comprehensive income (1) (1) (1) (7)
Total securities gains (losses), net   6 5 11
Other 369 159 545 297
Total noninterest income 2,444 2,276 4,552 4,441
Noninterest Expense        
Compensation 1,125 1,098 2,240 2,180
Employee benefits 257 277 546 587
Net occupancy and equipment 241 234 490 469
Professional services 97 91 180 169
Marketing and business development 96 96 175 169
Technology and communications 214 214 425 425
Postage, printing and supplies 80 78 161 154
Other intangibles 48 55 97 112
Other 595 414 983 762
Total noninterest expense 2,753 2,557 5,297 5,027
Income before income taxes 2,056 1,973 3,964 3,918
Applicable income taxes 547 529 1,043 1,087
Net income 1,509 1,444 2,921 2,831
Net (income) loss attributable to noncontrolling interests (14) 40 (29) 81
Net income attributable to U.S. Bancorp 1,495 1,484 2,892 2,912
Net income applicable to U.S. Bancorp common shareholders $ 1,427 $ 1,405 $ 2,758 $ 2,763
Earnings per common share $ 0.79 $ 0.76 $ 1.52 $ 1.49
Diluted earnings per common share $ 0.78 $ 0.76 $ 1.51 $ 1.49
Dividends declared per common share $ 0.245 $ 0.230 $ 0.475 $ 0.425
Average common shares outstanding 1,811 1,843 1,815 1,851
Average diluted common shares outstanding 1,821 1,853 1,825 1,860