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Consolidated Statement of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest Income      
Loans $ 10,558 $ 10,370 $ 10,145
Loans held for sale 282 200 246
Investment securities 1,792 1,820 1,601
Other interest income 251 249 166
Total interest income 12,883 12,639 12,158
Interest Expense      
Deposits 691 840 928
Short-term borrowings 442 531 548
Long-term debt 1,005 1,145 1,103
Total interest expense 2,138 2,516 2,579
Net interest income 10,745 10,123 9,579
Provision for credit losses 1,882 2,343 4,356
Net interest income after provision for credit losses 8,863 7,780 5,223
Noninterest Income      
Credit and debit card revenue 892 1,073 1,091
Corporate payment products revenue 744 734 710
Merchant processing services 1,395 1,355 1,253
ATM processing services 346 452 423
Trust and investment management fees 1,055 1,000 1,080
Deposit service charges 653 659 710
Treasury management fees 541 551 555
Commercial products revenue 878 841 771
Mortgage banking revenue 1,937 986 1,003
Investment products fees and commissions 150 129 111
Securities gains (losses), net      
Realized gains (losses), net 59 4 13
Total other-than-temporary impairment (62) (60) (157)
Portion of other-than-temporary impairment recognized in other comprehensive income (12) 25 66
Total securities gains (losses), net (15) (31) (78)
Other 743 1,011 731
Total noninterest income 9,319 8,760 8,360
Noninterest Expense      
Compensation 4,320 4,041 3,779
Employee benefits 945 845 694
Net occupancy and equipment 917 999 919
Professional services 530 383 306
Marketing and business development 388 369 360
Technology and communications 821 758 744
Postage, printing and supplies 304 303 301
Other intangibles 274 299 367
Other 1,957 1,914 1,913
Total noninterest expense 10,456 9,911 9,383
Income before income taxes 7,726 6,629 4,200
Applicable income taxes 2,236 1,841 935
Net income 5,490 4,788 3,265
Net (income) loss attributable to noncontrolling interests 157 84 52
Net income attributable to U.S. Bancorp 5,647 4,872 3,317
Net income applicable to U.S. Bancorp common shareholders $ 5,383 $ 4,721 $ 3,332
Earnings per common share $ 2.85 $ 2.47 $ 1.74
Diluted earnings per common share $ 2.84 $ 2.46 $ 1.73
Dividends declared per common share $ 0.78 $ 0.50 $ 0.20
Average common shares outstanding 1,887 1,914 1,912
Average diluted common shares outstanding 1,896 1,923 1,921