XML 90 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statement of Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Interest Income    
Loans $ 2,493us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio $ 2,522us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
Loans held for sale 41us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldForSale 27us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldForSale
Investment securities 495us-gaap_InterestAndDividendIncomeSecurities 441us-gaap_InterestAndDividendIncomeSecurities
Other interest income 32us-gaap_OtherInterestAndDividendIncome 32us-gaap_OtherInterestAndDividendIncome
Total interest income 3,061us-gaap_InterestAndDividendIncomeOperating 3,022us-gaap_InterestAndDividendIncomeOperating
Interest Expense    
Deposits 118us-gaap_InterestExpenseDeposits 119us-gaap_InterestExpenseDeposits
Short-term borrowings 61us-gaap_InterestExpenseShortTermBorrowings 69us-gaap_InterestExpenseShortTermBorrowings
Long-term debt 184us-gaap_InterestExpenseLongTermDebt 184us-gaap_InterestExpenseLongTermDebt
Total interest expense 363us-gaap_InterestExpense 372us-gaap_InterestExpense
Net interest income 2,698us-gaap_InterestIncomeExpenseNet 2,650us-gaap_InterestIncomeExpenseNet
Provision for credit losses 264us-gaap_ProvisionForLoanLeaseAndOtherLosses 306us-gaap_ProvisionForLoanLeaseAndOtherLosses
Net interest income after provision for credit losses 2,434us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 2,344us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
Noninterest Income    
Credit and debit card revenue 241us-gaap_FeesAndCommissionsCreditAndDebitCards 239us-gaap_FeesAndCommissionsCreditAndDebitCards
Corporate payment products revenue 170usb_CorporatePaymentProductsRevenue 173usb_CorporatePaymentProductsRevenue
Merchant processing services 359us-gaap_MerchantDiscountFees 356us-gaap_MerchantDiscountFees
ATM processing services 78usb_AutomatedTellerMachineServicingFeesNet 78usb_AutomatedTellerMachineServicingFeesNet
Trust and investment management fees 322us-gaap_FeesAndCommissionsFiduciaryAndTrustActivities 304us-gaap_FeesAndCommissionsFiduciaryAndTrustActivities
Deposit service charges 161usb_DepositServiceCharges 157usb_DepositServiceCharges
Treasury management fees 137usb_TreasuryManagementFees 133usb_TreasuryManagementFees
Commercial products revenue 200usb_CommercialProductsRevenue 205usb_CommercialProductsRevenue
Mortgage banking revenue 240us-gaap_FeesAndCommissionsMortgageBankingAndServicing 236us-gaap_FeesAndCommissionsMortgageBankingAndServicing
Investment products fees 47us-gaap_InvestmentAdvisoryManagementAndAdministrativeFees 46us-gaap_InvestmentAdvisoryManagementAndAdministrativeFees
Realized securities gains (losses), net    5us-gaap_MarketableSecuritiesRealizedGainLoss
Other 199us-gaap_NoninterestIncomeOtherOperatingIncome 176us-gaap_NoninterestIncomeOtherOperatingIncome
Total noninterest income 2,154us-gaap_NoninterestIncome 2,108us-gaap_NoninterestIncome
Noninterest Expense    
Compensation 1,179us-gaap_SalariesWagesAndOfficersCompensation 1,115us-gaap_SalariesWagesAndOfficersCompensation
Employee benefits 317us-gaap_OtherLaborRelatedExpenses 289us-gaap_OtherLaborRelatedExpenses
Net occupancy and equipment 247us-gaap_OccupancyNet 249us-gaap_OccupancyNet
Professional services 77us-gaap_ProfessionalFees 83us-gaap_ProfessionalFees
Marketing and business development 70us-gaap_MarketingAndAdvertisingExpense 79us-gaap_MarketingAndAdvertisingExpense
Technology and communications 214us-gaap_CommunicationsAndInformationTechnology 211us-gaap_CommunicationsAndInformationTechnology
Postage, printing and supplies 82us-gaap_SuppliesAndPostageExpense 81us-gaap_SuppliesAndPostageExpense
Other intangibles 43us-gaap_AmortizationOfIntangibleAssets 49us-gaap_AmortizationOfIntangibleAssets
Other 436us-gaap_OtherNoninterestExpense 388us-gaap_OtherNoninterestExpense
Total noninterest expense 2,665us-gaap_NoninterestExpense 2,544us-gaap_NoninterestExpense
Income before income taxes 1,923us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 1,908us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Applicable income taxes 479us-gaap_IncomeTaxExpenseBenefit 496us-gaap_IncomeTaxExpenseBenefit
Net income 1,444us-gaap_ProfitLoss 1,412us-gaap_ProfitLoss
Net (income) loss attributable to noncontrolling interests (13)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (15)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to U.S. Bancorp 1,431us-gaap_NetIncomeLoss 1,397us-gaap_NetIncomeLoss
Net income applicable to U.S. Bancorp common shareholders $ 1,365us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 1,331us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per common share $ 0.77us-gaap_EarningsPerShareBasic $ 0.73us-gaap_EarningsPerShareBasic
Diluted earnings per common share $ 0.76us-gaap_EarningsPerShareDiluted $ 0.73us-gaap_EarningsPerShareDiluted
Dividends declared per common share $ 0.245us-gaap_CommonStockDividendsPerShareDeclared $ 0.230us-gaap_CommonStockDividendsPerShareDeclared
Average common shares outstanding 1,781us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 1,818us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Average diluted common shares outstanding 1,789us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 1,828us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding