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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest Income      
Loans $ 10,810 $ 10,059 $ 10,113
Loans held for sale 154 206 128
Investment securities 2,078 2,001 1,866
Other interest income 125 136 121
Total interest income 13,167 12,402 12,228
Interest Expense      
Deposits 622 457 465
Short-term borrowings 263 245 263
Long-term debt 754 699 725
Total interest expense 1,639 1,401 1,453
Net interest income 11,528 11,001 10,775
Provision for credit losses 1,324 1,132 1,229
Net interest income after provision for credit losses 10,204 9,869 9,546
Noninterest Income      
Credit and debit card revenue 1,177 1,070 1,021
Corporate payment products revenue 712 708 724
Merchant processing services 1,592 1,547 1,511
ATM processing services 338 318 321
Trust and investment management fees 1,427 1,321 1,252
Deposit service charges 725 702 693
Treasury management fees 583 561 545
Commercial products revenue 871 867 854
Mortgage banking revenue 979 906 1,009
Investment products fees 158 185 191
Securities gains (losses), net      
Realized gains (losses), net 27 1 11
Total other-than-temporary impairment (6) (1) (7)
Portion of other-than-temporary impairment recognized in other comprehensive income 1   (1)
Total securities gains (losses), net 22   3
Other 993 907 1,040
Total noninterest income 9,577 9,092 9,164
Noninterest Expense      
Compensation 5,212 4,812 4,523
Employee benefits 1,119 1,167 1,041
Net occupancy and equipment 988 991 987
Professional services 502 423 414
Marketing and business development 435 361 382
Technology and communications 955 887 863
Postage, printing and supplies 311 297 328
Other intangibles 179 174 199
Other 1,975 1,819 1,978
Total noninterest expense 11,676 10,931 10,715
Income before income taxes 8,105 8,030 7,995
Applicable income taxes 2,161 2,097 2,087
Net income 5,944 5,933 5,908
Net (income) loss attributable to noncontrolling interests (56) (54) (57)
Net income attributable to U.S. Bancorp 5,888 5,879 5,851
Net income applicable to U.S. Bancorp common shareholders $ 5,589 $ 5,608 $ 5,583
Earnings per common share $ 3.25 $ 3.18 $ 3.10
Diluted earnings per common share 3.24 3.16 3.08
Dividends declared per common share $ 1.070 $ 1.010 $ 0.965
Average common shares outstanding 1,718 1,764 1,803
Average diluted common shares outstanding 1,724 1,772 1,813