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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest Income        
Loans $ 2,520 $ 2,518 $ 7,476 $ 7,572
Loans held for sale 60 36 166 87
Investment securities 502 476 1,502 1,378
Other interest income 35 27 102 89
Total interest income 3,117 3,057 9,246 9,126
Interest Expense        
Deposits 113 115 344 348
Short-term borrowings 66 72 189 204
Long-term debt 170 178 531 543
Total interest expense 349 365 1,064 1,095
Net interest income 2,768 2,692 8,182 8,031
Provision for credit losses 282 311 827 941
Net interest income after provision for credit losses 2,486 2,381 7,355 7,090
Noninterest Income        
Credit and debit card revenue 269 251 776 749
Corporate payment products revenue 190 195 538 550
Merchant processing services 400 387 1,154 1,127
ATM processing services 81 81 239 241
Trust and investment management fees 329 315 985 930
Deposit service charges 185 185 520 513
Treasury management fees 143 136 422 409
Commercial products revenue 231 209 645 635
Mortgage banking revenue 224 260 695 774
Investment products fees 46 49 141 142
Securities gains (losses), net        
Realized gains (losses), net       8
Total other-than-temporary impairment (1) (3) (1) (5)
Portion of other-than-temporary impairment recognized in other comprehensive income       (1)
Total securities gains (losses), net (1) (3) (1) 2
Other 229 177 638 722
Total noninterest income 2,326 2,242 6,752 6,794
Noninterest Expense        
Compensation 1,225 1,132 3,600 3,372
Employee benefits 285 250 895 796
Net occupancy and equipment 251 249 745 739
Professional services 115 102 298 282
Marketing and business development 99 78 265 253
Technology and communications 222 219 657 644
Postage, printing and supplies 77 81 223 242
Other intangibles 42 51 128 148
Other 459 452 1,311 1,435
Total noninterest expense 2,775 2,614 8,122 7,911
Income before income taxes 2,037 2,009 5,985 5,973
Applicable income taxes 534 523 1,541 1,566
Net income 1,503 1,486 4,444 4,407
Net (income) loss attributable to noncontrolling interests (14) (15) (41) (44)
Net income attributable to U.S. Bancorp 1,489 1,471 4,403 4,363
Net income applicable to U.S. Bancorp common shareholders $ 1,422 $ 1,405 $ 4,204 $ 4,163
Earnings per common share $ 0.81 $ 0.78 $ 2.38 $ 2.30
Diluted earnings per common share 0.81 0.78 2.36 2.29
Dividends declared per common share $ 0.255 $ 0.245 $ 0.755 $ 0.720
Average common shares outstanding 1,758 1,798 1,770 1,809
Average diluted common shares outstanding 1,766 1,807 1,778 1,819