Attached files
| file | filename |
|---|---|
| EX-32 - EX-32 - US BANCORP \DE\ | d602654dex32.htm |
| EX-31.2 - EX-31.2 - US BANCORP \DE\ | d602654dex312.htm |
| EX-31.1 - EX-31.1 - US BANCORP \DE\ | d602654dex311.htm |
| EX-10.1 - EX-10.1 - US BANCORP \DE\ | d602654dex101.htm |
| 10-Q - 10-Q - US BANCORP \DE\ | d602654d10q.htm |
Computation of Ratio of Earnings to Fixed Charges
| (Dollars in Millions) | Three Months Ended June 30, 2018 |
Six Months Ended June 30, 2018 |
||||||||||
| Earnings |
|
|||||||||||
| 1. |
Net income attributable to U.S. Bancorp | $ | 1,750 | $ | 3,425 | |||||||
| 2. |
Applicable income taxes, including expense related to unrecognized tax positions | 441 | 803 | |||||||||
| 3. |
Net income attributable to U.S. Bancorp before income taxes (1 + 2) | $ | 2,191 | $ | 4,228 | |||||||
| 4. |
Fixed charges: | |||||||||||
| a. | Interest expense excluding interest on deposits* | $ | 324 | $ | 602 | |||||||
| b. | Portion of rents representative of interest and amortization of debt expense | 29 | 58 | |||||||||
| c. | Fixed charges excluding interest on deposits (4a + 4b) | 353 | 660 | |||||||||
| d. | Interest on deposits | 427 | 772 | |||||||||
| e. | Fixed charges including interest on deposits (4c + 4d) | $ | 780 | $ | 1,432 | |||||||
| 5. |
Amortization of interest capitalized | $ | – | $ | – | |||||||
| 6. |
Earnings excluding interest on deposits (3 + 4c + 5) | 2,544 | 4,888 | |||||||||
| 7. |
Earnings including interest on deposits (3 + 4e + 5) | 2,971 | 5,660 | |||||||||
| 8. |
Fixed charges excluding interest on deposits (4c) | 353 | 660 | |||||||||
| 9. |
Fixed charges including interest on deposits (4e) | 780 | 1,432 | |||||||||
| Ratio of Earnings to Fixed Charges |
|
|||||||||||
| 10. |
Excluding interest on deposits (line 6/line 8) | 7.21 | 7.41 | |||||||||
| 11. |
Including interest on deposits (line 7/line 9) | 3.81 | 3.95 | |||||||||
| * | 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 June 30, 2018 |
Six Months Ended June 30, 2018 |
||||||||||
| Earnings |
||||||||||||
| 1. |
Net income attributable to U.S. Bancorp | $ | 1,750 | $ | 3,425 | |||||||
| 2. |
Applicable income taxes, including expense related to unrecognized tax positions | 441 | 803 | |||||||||
| 3. |
Net income attributable to U.S. Bancorp before income taxes (1 + 2) | $ | 2,191 | $ | 4,228 | |||||||
| 4. |
Fixed charges: | |||||||||||
| a. | Interest expense excluding interest on deposits* | $ | 324 | $ | 602 | |||||||
| b. | Portion of rents representative of interest and amortization of debt expense | 29 | 58 | |||||||||
| c. | Fixed charges excluding interest on deposits (4a + 4b) | 353 | 660 | |||||||||
| d. | Interest on deposits | 427 | 772 | |||||||||
| e. | Fixed charges including interest on deposits (4c + 4d) | $ | 780 | $ | 1,432 | |||||||
| 5. |
Amortization of interest capitalized | $ | – | $ | – | |||||||
| 6. |
Preferred stock dividends | 64 | 134 | |||||||||
| 7. |
Earnings excluding interest on deposits (3 + 4c + 5) | 2,544 | 4,888 | |||||||||
| 8. |
Earnings including interest on deposits (3 + 4e + 5) | 2,971 | 5,660 | |||||||||
| 9. |
Fixed charges excluding interest on deposits, and preferred stock dividends (4c+6) | 417 | 794 | |||||||||
| 10. |
Fixed charges including interest on deposits, and preferred stock dividends (4e+6) | 844 | 1,566 | |||||||||
| Ratio of Earnings to Fixed Charges and Preferred Dividends |
|
|||||||||||
| 11. |
Excluding interest on deposits (line 7/line 9) | 6.10 | 6.16 | |||||||||
| 12. |
Including interest on deposits (line 8/line 10) | 3.52 | 3.61 | |||||||||
| * | Excludes interest expense related to unrecognized tax positions. |
| 76 | U.S. Bancorp |