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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest Income    
Loans $ 2,644 $ 2,493
Loans held for sale 31 41
Investment securities 517 495
Other interest income 29 32
Total interest income 3,221 3,061
Interest Expense    
Deposits 139 118
Short-term borrowings 65 61
Long-term debt 182 184
Total interest expense 386 363
Net interest income 2,835 2,698
Provision for credit losses 330 264
Net interest income after provision for credit losses 2,505 2,434
Noninterest Income    
Credit and debit card revenue 266 241
Corporate payment products revenue 170 170
Merchant processing services 373 359
ATM processing services 80 78
Trust and investment management fees 339 322
Deposit service charges 168 161
Treasury management fees 142 137
Commercial products revenue 197 200
Mortgage banking revenue 187 240
Investment products fees 40 47
Securities gains (losses), net    
Realized gains (losses), net 3  
Total other-than-temporary impairment (2)  
Portion of other-than-temporary impairment recognized in other comprehensive income 2  
Total securities gains (losses), net 3  
Other 184 199
Total noninterest income 2,149 2,154
Noninterest Expense    
Compensation 1,249 1,179
Employee benefits 300 317
Net occupancy and equipment 248 247
Professional services 98 77
Marketing and business development 77 70
Technology and communications 233 214
Postage, printing and supplies 79 82
Other intangibles 45 43
Other 420 436
Total noninterest expense 2,749 2,665
Income before income taxes 1,905 1,923
Applicable income taxes 504 479
Net income 1,401 1,444
Net (income) loss attributable to noncontrolling interests (15) (13)
Net income attributable to U.S. Bancorp 1,386 1,431
Net income applicable to U.S. Bancorp common shareholders $ 1,329 $ 1,365
Earnings per common share $ 0.77 $ 0.77
Diluted earnings per common share 0.76 0.76
Dividends declared per common share $ 0.255 $ 0.245
Average common shares outstanding 1,737 1,781
Average diluted common shares outstanding 1,743 1,789