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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest Income        
Loans $ 2,731 $ 2,520 $ 8,039 $ 7,476
Loans held for sale 43 60 110 166
Investment securities 515 502 1,555 1,502
Other interest income 31 35 89 102
Total interest income 3,320 3,117 9,793 9,246
Interest Expense        
Deposits 161 113 452 344
Short-term borrowings 70 66 201 189
Long-term debt 196 170 567 531
Total interest expense 427 349 1,220 1,064
Net interest income 2,893 2,768 8,573 8,182
Provision for credit losses 325 282 982 827
Net interest income after provision for credit losses 2,568 2,486 7,591 7,355
Noninterest Income        
Credit and debit card revenue 299 269 861 776
Corporate payment products revenue 190 190 541 538
Merchant processing services 412 400 1,188 1,154
ATM processing services 87 81 251 239
Trust and investment management fees 362 329 1,059 985
Deposit service charges 192 185 539 520
Treasury management fees 147 143 436 422
Commercial products revenue 219 231 654 645
Mortgage banking revenue 314 224 739 695
Investment products fees 41 46 120 141
Securities gains (losses), net        
Realized gains (losses), net 12   19  
Total other-than-temporary impairment (2) (1) (4) (1)
Portion of other-than-temporary impairment recognized in other comprehensive income     1  
Total securities gains (losses), net 10 (1) 16 (1)
Other 172 229 742 638
Total noninterest income 2,445 2,326 7,146 6,752
Noninterest Expense        
Compensation 1,329 1,225 3,855 3,600
Employee benefits 280 285 858 895
Net occupancy and equipment 250 251 741 745
Professional services 127 115 346 298
Marketing and business development 102 99 328 265
Technology and communications 243 222 717 657
Postage, printing and supplies 80 77 236 223
Other intangibles 45 42 134 128
Other 475 459 1,457 1,311
Total noninterest expense 2,931 2,775 8,672 8,122
Income before income taxes 2,082 2,037 6,065 5,985
Applicable income taxes 566 534 1,612 1,541
Net income 1,516 1,503 4,453 4,444
Net (income) loss attributable to noncontrolling interests (14) (14) (43) (41)
Net income attributable to U.S. Bancorp 1,502 1,489 4,410 4,403
Net income applicable to U.S. Bancorp common shareholders $ 1,434 $ 1,422 $ 4,198 $ 4,204
Earnings per common share $ 0.84 $ 0.81 $ 2.44 $ 2.38
Diluted earnings per common share 0.84 0.81 2.43 2.36
Dividends declared per common share $ 0.280 $ 0.255 $ 0.790 $ 0.755
Average common shares outstanding 1,710 1,758 1,724 1,770
Average diluted common shares outstanding 1,716 1,766 1,730 1,778