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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest Income      
Loans $ 11,827 $ 10,810 $ 10,059
Loans held for sale 144 154 206
Investment securities 2,232 2,078 2,001
Other interest income 182 125 136
Total interest income 14,385 13,167 12,402
Interest Expense      
Deposits 1,041 622 457
Short-term borrowings 319 263 245
Long-term debt 784 754 699
Total interest expense 2,144 1,639 1,401
Net interest income 12,241 11,528 11,001
Provision for credit losses 1,390 1,324 1,132
Net interest income after provision for credit losses 10,851 10,204 9,869
Noninterest Income      
Credit and debit card revenue 1,252 1,177 1,070
Corporate payment products revenue 753 712 708
Merchant processing services 1,590 1,592 1,547
ATM processing services 362 338 318
Trust and investment management fees 1,522 1,427 1,321
Deposit service charges 751 725 702
Treasury management fees 618 583 561
Commercial products revenue 849 871 867
Mortgage banking revenue 834 979 906
Investment products fees 163 158 185
Securities gains (losses), net      
Realized gains (losses), net 57 27 1
Total other-than-temporary impairment   (6) (1)
Portion of other-than-temporary impairment recognized in other comprehensive income (loss)   1  
Total securities gains (losses), net 57 22  
Other 860 993 907
Total noninterest income 9,611 9,577 9,092
Noninterest Expense      
Compensation 5,746 5,212 4,812
Employee benefits 1,186 1,119 1,167
Net occupancy and equipment 1,019 988 991
Professional services 419 502 423
Marketing and business development 542 435 361
Technology and communications 977 955 887
Postage, printing and supplies 323 311 297
Other intangibles 175 179 174
Other 2,558 1,975 1,819
Total noninterest expense 12,945 11,676 10,931
Income before income taxes 7,517 8,105 8,030
Applicable income taxes 1,264 2,161 2,097
Net income 6,253 5,944 5,933
Net (income) loss attributable to noncontrolling interests (35) (56) (54)
Net income attributable to U.S. Bancorp 6,218 5,888 5,879
Net income applicable to U.S. Bancorp common shareholders $ 5,913 $ 5,589 $ 5,608
Earnings per common share $ 3.53 $ 3.25 $ 3.18
Diluted earnings per common share 3.51 3.24 3.16
Dividends declared per common share $ 1.16 $ 1.07 $ 1.01
Average common shares outstanding 1,677 1,718 1,764
Average diluted common shares outstanding 1,683 1,724 1,772