XML 58 R44.htm IDEA: XBRL DOCUMENT v3.19.1
Basis of Presentation - Line of Business Financial Performance (Detail) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Condensed Income Statement    
Net interest income (taxable-equivalent basis) $ 3,286 $ 3,197
Net interest income (taxable-equivalent basis), Percent change 2.80%  
Noninterest income $ 2,286 2,267
Noninterest income, Percent change 0.80%  
Securities gains (losses), net $ 5 5
Securities gains (losses), net, Percent change 0.00%  
Total net revenue $ 5,577 5,469
Total net revenue, Percent change 2.00%  
Noninterest expense, Percent change 1.00%  
Other intangibles, Percent change 2.60%  
Total noninterest expense, Percent change 1.00%  
Income before provision and income taxes, Percent change 3.10%  
Provision for credit losses, Percent change 10.60%  
Income before income taxes, Percent change 1.90%  
Income taxes and taxable-equivalent adjustment, Percent change 3.60%  
Net income, Percent change 1.50%  
Net (income) loss attributable to noncontrolling interests, Percent change (28.60%)  
Net income attributable to U.S. Bancorp, Percent change 1.40%  
Noninterest expense $ 3,047 3,016
Other intangibles 40 39
Total noninterest expense 3,087 3,055
Income before provision and income taxes 2,490 2,414
Provision for credit losses 377 341
Income before income taxes 2,113 2,073
Income taxes and taxable-equivalent adjustment 405 391
Net income 1,708 1,682
Net (income) loss attributable to noncontrolling interests (9) (7)
Net income attributable to U.S. Bancorp 1,699 1,675
Average Balance Sheet    
Commercial $ 101,960 97,465
Commercial, Percent change 4.60%  
Commercial real estate $ 39,470 40,366
Commercial real estate, Percent change (2.20%)  
Residential mortgages $ 65,582 60,174
Residential mortgages, Percent change 9.00%  
Credit card $ 22,597 21,284
Credit card, Percent change 6.20%  
Other retail $ 56,501 57,051
Other retail, Percent change (1.00%)  
Total loans, excluding covered loans $ 286,110 276,340
Total loans, excluding covered loans, Percent change 3.50%  
Covered loans   3,048
Covered loans, Percent change 0.00%  
Total loans $ 286,110 279,388
Total loans, Percent change 2.40%  
Goodwill, Percent change 1.20%  
Other intangible assets, Percent change 3.30%  
Assets, Percent change 2.00%  
Noninterest-bearing deposits, Percent change (7.60%)  
Interest checking, Percent change 2.60%  
Savings products, Percent change (2.10%)  
Time deposits, Percent change 22.00%  
Total deposits, Percent change 0.20%  
Total U.S. Bancorp shareholders' equity, Percent change 5.70%  
Goodwill $ 9,553 9,440
Other intangible assets 3,458 3,349
Assets 463,399 454,288
Noninterest-bearing deposits 73,433 79,482
Interest checking 72,177 70,358
Savings products 144,648 147,755
Time deposits 45,108 36,985
Total deposits 335,366 334,580
Total U.S. Bancorp shareholders' equity 51,589 48,825
Corporate and Commercial Banking [Member]    
Condensed Income Statement    
Net interest income (taxable-equivalent basis) $ 725 722
Net interest income (taxable-equivalent basis), Percent change 0.40%  
Noninterest income $ 210 207
Noninterest income, Percent change 1.40%  
Securities gains (losses), net, Percent change 0.00%  
Total net revenue $ 935 929
Total net revenue, Percent change 0.60%  
Noninterest expense, Percent change 3.80%  
Total noninterest expense, Percent change 3.80%  
Income before provision and income taxes, Percent change (1.70%)  
Income before income taxes, Percent change 3.10%  
Income taxes and taxable-equivalent adjustment, Percent change 3.10%  
Net income, Percent change 3.10%  
Net income attributable to U.S. Bancorp, Percent change 3.10%  
Noninterest expense $ 411 396
Other intangibles 1 1
Total noninterest expense 412 397
Income before provision and income taxes 523 532
Provision for credit losses (11) 14
Income before income taxes 534 518
Income taxes and taxable-equivalent adjustment 134 130
Net income 400 388
Net income attributable to U.S. Bancorp 400 388
Average Balance Sheet    
Commercial $ 77,761 74,755
Commercial, Percent change 4.00%  
Commercial real estate $ 18,644 19,131
Commercial real estate, Percent change (2.50%)  
Residential mortgages $ 6 6
Total loans, excluding covered loans $ 96,411 93,892
Total loans, excluding covered loans, Percent change 2.70%  
Covered loans, Percent change 0.00%  
Total loans $ 96,411 93,892
Total loans, Percent change 2.70%  
Other intangible assets, Percent change (25.00%)  
Assets, Percent change 2.50%  
Noninterest-bearing deposits, Percent change (12.50%)  
Interest checking, Percent change 23.80%  
Savings products, Percent change (6.30%)  
Time deposits, Percent change 10.10%  
Total deposits, Percent change (3.00%)  
Total U.S. Bancorp shareholders' equity, Percent change 0.20%  
Goodwill $ 1,647 1,647
Other intangible assets 9 12
Assets 105,144 102,582
Noninterest-bearing deposits 29,979 34,278
Interest checking 11,753 9,491
Savings products 41,145 43,926
Time deposits 18,195 16,522
Total deposits 101,072 104,217
Total U.S. Bancorp shareholders' equity 10,439 10,416
Consumer and Business Banking [Member]    
Condensed Income Statement    
Net interest income (taxable-equivalent basis) $ 1,568 1,512
Net interest income (taxable-equivalent basis), Percent change 3.70%  
Noninterest income $ 533 571
Noninterest income, Percent change (6.70%)  
Securities gains (losses), net, Percent change 0.00%  
Total net revenue $ 2,101 2,083
Total net revenue, Percent change 0.90%  
Noninterest expense, Percent change (0.80%)  
Other intangibles, Percent change (28.60%)  
Total noninterest expense, Percent change (0.90%)  
Income before provision and income taxes, Percent change 3.80%  
Provision for credit losses, Percent change 27.30%  
Income before income taxes, Percent change 2.10%  
Income taxes and taxable-equivalent adjustment, Percent change 2.20%  
Net income, Percent change 2.00%  
Net income attributable to U.S. Bancorp, Percent change 2.00%  
Noninterest expense $ 1,286 1,296
Other intangibles 5 7
Total noninterest expense 1,291 1,303
Income before provision and income taxes 810 780
Provision for credit losses 70 55
Income before income taxes 740 725
Income taxes and taxable-equivalent adjustment 185 181
Net income 555 544
Net income attributable to U.S. Bancorp 555 544
Average Balance Sheet    
Commercial $ 9,451 9,651
Commercial, Percent change (2.10%)  
Commercial real estate $ 16,005 16,419
Commercial real estate, Percent change (2.50%)  
Residential mortgages $ 61,906 57,049
Residential mortgages, Percent change 8.50%  
Other retail $ 54,395 54,925
Other retail, Percent change (1.00%)  
Total loans, excluding covered loans $ 141,757 138,044
Total loans, excluding covered loans, Percent change 2.70%  
Covered loans   3,048
Covered loans, Percent change 0.00%  
Total loans $ 141,757 141,092
Total loans, Percent change 0.50%  
Goodwill, Percent change (4.30%)  
Other intangible assets, Percent change 0.40%  
Assets, Percent change (0.50%)  
Noninterest-bearing deposits, Percent change (2.40%)  
Interest checking, Percent change 3.80%  
Savings products, Percent change 0.20%  
Time deposits, Percent change 17.70%  
Total deposits, Percent change 2.40%  
Total U.S. Bancorp shareholders' equity, Percent change (0.80%)  
Goodwill $ 3,475 3,632
Other intangible assets 2,882 2,871
Assets 154,743 155,488
Noninterest-bearing deposits 26,570 27,210
Interest checking 51,149 49,299
Savings products 61,395 61,292
Time deposits 14,798 12,570
Total deposits 153,912 150,371
Total U.S. Bancorp shareholders' equity 11,747 11,842
Wealth Management and Investment Services [Member]    
Condensed Income Statement    
Net interest income (taxable-equivalent basis) $ 288 275
Net interest income (taxable-equivalent basis), Percent change 4.70%  
Noninterest income $ 430 431
Noninterest income, Percent change (0.20%)  
Securities gains (losses), net, Percent change 0.00%  
Total net revenue $ 718 706
Total net revenue, Percent change 1.70%  
Noninterest expense, Percent change 2.80%  
Other intangibles, Percent change (25.00%)  
Total noninterest expense, Percent change 2.60%  
Income before provision and income taxes, Percent change 0.40%  
Income before income taxes, Percent change 1.80%  
Income taxes and taxable-equivalent adjustment, Percent change 1.40%  
Net income, Percent change 1.90%  
Net income attributable to U.S. Bancorp, Percent change 1.90%  
Noninterest expense $ 435 423
Other intangibles 3 4
Total noninterest expense 438 427
Income before provision and income taxes 280 279
Provision for credit losses (3) 1
Income before income taxes 283 278
Income taxes and taxable-equivalent adjustment 71 70
Net income 212 208
Net income attributable to U.S. Bancorp 212 208
Average Balance Sheet    
Commercial $ 3,921 3,661
Commercial, Percent change 7.10%  
Commercial real estate $ 504 511
Commercial real estate, Percent change (1.40%)  
Residential mortgages $ 3,670 3,113
Residential mortgages, Percent change 17.90%  
Other retail $ 1,730 1,699
Other retail, Percent change 1.80%  
Total loans, excluding covered loans $ 9,825 8,984
Total loans, excluding covered loans, Percent change 9.40%  
Covered loans, Percent change 0.00%  
Total loans $ 9,825 8,984
Total loans, Percent change 9.40%  
Goodwill, Percent change (0.10%)  
Other intangible assets, Percent change (22.90%)  
Assets, Percent change 9.70%  
Noninterest-bearing deposits, Percent change (7.40%)  
Interest checking, Percent change (20.40%)  
Savings products, Percent change (1.50%)  
Time deposits, Percent change 2.90%  
Total deposits, Percent change (5.50%)  
Total U.S. Bancorp shareholders' equity, Percent change 2.60%  
Goodwill $ 1,617 1,619
Other intangible assets 54 70
Assets 13,187 12,026
Noninterest-bearing deposits 13,293 14,361
Interest checking 9,175 11,525
Savings products 41,127 41,747
Time deposits 3,806 3,700
Total deposits 67,401 71,333
Total U.S. Bancorp shareholders' equity 2,515 2,451
Payment Services [Member]    
Condensed Income Statement    
Net interest income (taxable-equivalent basis) $ 622 611
Net interest income (taxable-equivalent basis), Percent change 1.80%  
Noninterest income $ 853 848
Noninterest income, Percent change 0.60%  
Securities gains (losses), net, Percent change 0.00%  
Total net revenue $ 1,475 1,459
Total net revenue, Percent change 1.10%  
Noninterest expense, Percent change 2.80%  
Other intangibles, Percent change 14.80%  
Total noninterest expense, Percent change 3.30%  
Income before provision and income taxes, Percent change (1.10%)  
Provision for credit losses, Percent change 5.10%  
Income before income taxes, Percent change (4.90%)  
Income taxes and taxable-equivalent adjustment, Percent change (4.40%)  
Net income, Percent change (5.00%)  
Net income attributable to U.S. Bancorp, Percent change (5.00%)  
Noninterest expense $ 728 708
Other intangibles 31 27
Total noninterest expense 759 735
Income before provision and income taxes 716 724
Provision for credit losses 286 272
Income before income taxes 430 452
Income taxes and taxable-equivalent adjustment 108 113
Net income 322 339
Net income attributable to U.S. Bancorp 322 339
Average Balance Sheet    
Commercial $ 9,441 8,354
Commercial, Percent change 13.00%  
Credit card $ 22,597 21,284
Credit card, Percent change 6.20%  
Other retail $ 376 424
Other retail, Percent change (11.30%)  
Total loans, excluding covered loans $ 32,414 30,062
Total loans, excluding covered loans, Percent change 7.80%  
Covered loans, Percent change 0.00%  
Total loans $ 32,414 30,062
Total loans, Percent change 7.80%  
Goodwill, Percent change 10.70%  
Other intangible assets, Percent change 29.50%  
Assets, Percent change 6.80%  
Noninterest-bearing deposits, Percent change 2.70%  
Savings products, Percent change 5.80%  
Time deposits, Percent change (33.30%)  
Total deposits, Percent change 2.80%  
Total U.S. Bancorp shareholders' equity, Percent change 6.10%  
Goodwill $ 2,814 2,542
Other intangible assets 513 396
Assets 38,618 36,161
Noninterest-bearing deposits 1,157 1,127
Savings products 109 103
Time deposits 2 3
Total deposits 1,268 1,233
Total U.S. Bancorp shareholders' equity 7,024 6,621
Treasury and Corporate Support [Member]    
Condensed Income Statement    
Net interest income (taxable-equivalent basis) $ 83 77
Net interest income (taxable-equivalent basis), Percent change 7.80%  
Noninterest income $ 260 210
Noninterest income, Percent change 23.80%  
Securities gains (losses), net $ 5 5
Securities gains (losses), net, Percent change 0.00%  
Total net revenue $ 348 292
Total net revenue, Percent change 19.20%  
Noninterest expense, Percent change (3.10%)  
Total noninterest expense, Percent change (3.10%)  
Income before provision and income taxes, Percent change 62.60%  
Income before income taxes, Percent change 26.00%  
Income taxes and taxable-equivalent adjustment, Percent change 9.70%  
Net income, Percent change 7.90%  
Net (income) loss attributable to noncontrolling interests, Percent change (28.60%)  
Net income attributable to U.S. Bancorp, Percent change 7.10%  
Noninterest expense $ 187 193
Total noninterest expense 187 193
Income before provision and income taxes 161 99
Provision for credit losses 35 (1)
Income before income taxes 126 100
Income taxes and taxable-equivalent adjustment (93) (103)
Net income 219 203
Net (income) loss attributable to noncontrolling interests (9) (7)
Net income attributable to U.S. Bancorp 210 196
Average Balance Sheet    
Commercial $ 1,386 1,044
Commercial, Percent change 32.80%  
Commercial real estate $ 4,317 4,305
Commercial real estate, Percent change 0.30%  
Residential mortgages   6
Other retail   3
Total loans, excluding covered loans $ 5,703 5,358
Total loans, excluding covered loans, Percent change 6.40%  
Covered loans, Percent change 0.00%  
Total loans $ 5,703 5,358
Total loans, Percent change 6.40%  
Assets, Percent change 2.50%  
Noninterest-bearing deposits, Percent change (2.90%)  
Savings products, Percent change 26.90%  
Time deposits, Percent change 98.30%  
Total deposits, Percent change 57.70%  
Total U.S. Bancorp shareholders' equity, Percent change 13.50%  
Assets $ 151,707 148,031
Noninterest-bearing deposits 2,434 2,506
Interest checking 100 43
Savings products 872 687
Time deposits 8,307 4,190
Total deposits 11,713 7,426
Total U.S. Bancorp shareholders' equity $ 19,864 $ 17,495