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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest Income      
Loans $ 13,120 $ 11,788 $ 10,777
Loans held for sale 165 144 154
Investment securities 2,616 2,232 2,078
Other interest income 272 182 125
Total interest income 16,173 14,346 13,134
Interest Expense      
Deposits 1,869 1,041 622
Short-term borrowings 378 141 92
Long-term debt 1,007 784 754
Total interest expense 3,254 1,966 1,468
Net interest income 12,919 12,380 11,666
Provision for credit losses 1,379 1,390 1,324
Net interest income after provision for credit losses 11,540 10,990 10,342
Noninterest Income      
Credit and debit card revenue 1,401 1,289 1,206
Corporate payment products revenue 644 575 541
Merchant processing services 1,531 1,486 1,498
ATM processing services 308 303 277
Trust and investment management fees 1,619 1,522 1,427
Deposit service charges 762 732 706
Treasury management fees 594 618 583
Commercial products revenue 895 954 971
Mortgage banking revenue 720 834 979
Investment products fees 188 173 169
Securities gains (losses), net      
Realized gains (losses), net 30 57 27
Total other-than-temporary impairment     (6)
Portion of other-than-temporary impairment recognized in other comprehensive income (loss)     1
Total securities gains (losses), net 30 57 22
Other 910 774 911
Total noninterest income 9,602 9,317 9,290
Noninterest Expense      
Compensation 6,162 5,746 5,212
Employee benefits 1,231 1,134 1,008
Net occupancy and equipment 1,063 1,019 988
Professional services 407 419 502
Marketing and business development 429 542 435
Technology and communications 978 903 877
Postage, printing and supplies 324 323 311
Other intangibles 161 175 179
Other 1,709 2,529 2,015
Total noninterest expense 12,464 12,790 11,527
Income before income taxes 8,678 7,517 8,105
Applicable income taxes 1,554 1,264 2,161
Net income 7,124 6,253 5,944
Net (income) loss attributable to noncontrolling interests (28) (35) (56)
Net income attributable to U.S. Bancorp 7,096 6,218 5,888
Net income applicable to U.S. Bancorp common shareholders $ 6,784 $ 5,913 $ 5,589
Earnings per common share $ 4.15 $ 3.53 $ 3.25
Diluted earnings per common share $ 4.14 $ 3.51 $ 3.24
Average common shares outstanding 1,634 1,677 1,718
Average diluted common shares outstanding 1,638 1,683 1,724