Attached files
| file | filename |
|---|---|
| EX-32 - EX-32 - US BANCORP \DE\ | d543976dex32.htm |
| EX-31.2 - EX-31.2 - US BANCORP \DE\ | d543976dex312.htm |
| EX-31.1 - EX-31.1 - US BANCORP \DE\ | d543976dex311.htm |
| 10-Q - 10-Q - US BANCORP \DE\ | d543976d10q.htm |
Computation of Ratio of Earnings to Fixed Charges
| (Dollars in Millions) | Three Months Ended March 31, 2018 |
|||||||
| Earnings |
| |||||||
| 1. |
Net income attributable to U.S. Bancorp | $ | 1,675 | |||||
| 2. |
Applicable income taxes, including expense related to unrecognized tax positions | 362 | ||||||
| 3. |
Net income attributable to U.S. Bancorp before income taxes (1 + 2) | $ | 2,037 | |||||
| 4. |
Fixed charges: | |||||||
| a. | Interest expense excluding interest on deposits* | $ | 278 | |||||
| b. | Portion of rents representative of interest and amortization of debt expense | 29 | ||||||
| c. | Fixed charges excluding interest on deposits (4a + 4b) | 307 | ||||||
| d. | Interest on deposits | 345 | ||||||
| e. | Fixed charges including interest on deposits (4c + 4d) | $ | 652 | |||||
| 5. |
Amortization of interest capitalized | $ | – | |||||
| 6. |
Earnings excluding interest on deposits (3 + 4c + 5) | 2,344 | ||||||
| 7. |
Earnings including interest on deposits (3 + 4e + 5) | 2,689 | ||||||
| 8. |
Fixed charges excluding interest on deposits (4c) | 307 | ||||||
| 9. |
Fixed charges including interest on deposits (4e) | 652 | ||||||
| Ratio of Earnings to Fixed Charges |
| |||||||
| 10. |
Excluding interest on deposits (line 6/line 8) | 7.64 | ||||||
| 11. |
Including interest on deposits (line 7/line 9) | 4.12 | ||||||
| * | Excludes interest expense related to unrecognized tax positions. |
Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
| (Dollars in Millions) | Three Months Ended March 31, 2018 |
|||||||
| Earnings |
||||||||
| 1. |
Net income attributable to U.S. Bancorp | $ | 1,675 | |||||
| 2. |
Applicable income taxes, including expense related to unrecognized tax positions | 362 | ||||||
| 3. |
Net income attributable to U.S. Bancorp before income taxes (1 + 2) | $ | 2,037 | |||||
| 4. |
Fixed charges: | |||||||
| a. | Interest expense excluding interest on deposits* | $ | 278 | |||||
| b. | Portion of rents representative of interest and amortization of debt expense | 29 | ||||||
| c. | Fixed charges excluding interest on deposits (4a + 4b) | 307 | ||||||
| d. | Interest on deposits | 345 | ||||||
| e. | Fixed charges including interest on deposits (4c + 4d) | $ | 652 | |||||
| 5. |
Amortization of interest capitalized | $ | – | |||||
| 6. |
Preferred stock dividends | 70 | ||||||
| 7. |
Earnings excluding interest on deposits (3 + 4c + 5) | 2,344 | ||||||
| 8. |
Earnings including interest on deposits (3 + 4e + 5) | 2,689 | ||||||
| 9. |
Fixed charges excluding interest on deposits, and preferred stock dividends (4c+6) | 377 | ||||||
| 10. |
Fixed charges including interest on deposits, and preferred stock dividends (4e+6) | 722 | ||||||
| Ratio of Earnings to Fixed Charges and Preferred Dividends |
| |||||||
| 11. |
Excluding interest on deposits (line 7/line 9) | 6.22 | ||||||
| 12. |
Including interest on deposits (line 8/line 10) | 3.72 | ||||||
| * | Excludes interest expense related to unrecognized tax positions. |
| U.S. Bancorp | 73 |