Attached files
| file | filename |
|---|---|
| EX-32 - EX-32 - US BANCORP \DE\ | d586012dex32.htm |
| EX-31.2 - EX-31.2 - US BANCORP \DE\ | d586012dex312.htm |
| EX-31.1 - EX-31.1 - US BANCORP \DE\ | d586012dex311.htm |
| EX-3.1 - EX-3.1 - US BANCORP \DE\ | d586012dex31.htm |
| 10-Q - 10-Q - US BANCORP \DE\ | d586012d10q.htm |
Computation of Ratio of Earnings to Fixed Charges
| (Dollars in Millions) | Three Months Ended September 30, 2018 |
Nine Months Ended September 30, 2018 |
||||||||||
| Earnings |
|
|||||||||||
| 1. |
Net income attributable to U.S. Bancorp | $ | 1,815 | $ | 5,240 | |||||||
| 2. |
Applicable income taxes, including expense related to unrecognized tax positions | 460 | 1,263 | |||||||||
| 3. |
Net income attributable to U.S. Bancorp before income taxes (1 + 2) | $ | 2,275 | $ | 6,503 | |||||||
| 4. |
Fixed charges: | |||||||||||
| a. | Interest expense excluding interest on deposits* | $ | 381 | $ | 983 | |||||||
| b. | Portion of rents representative of interest and amortization of debt expense | 29 | 87 | |||||||||
| c. | Fixed charges excluding interest on deposits (4a + 4b) | 410 | 1,070 | |||||||||
| d. | Interest on deposits | 491 | 1,263 | |||||||||
| e. | Fixed charges including interest on deposits (4c + 4d) | $ | 901 | $ | 2,333 | |||||||
| 5. |
Amortization of interest capitalized | $ | – | $ | – | |||||||
| 6. |
Earnings excluding interest on deposits (3 + 4c + 5) | 2,685 | 7,573 | |||||||||
| 7. |
Earnings including interest on deposits (3 + 4e + 5) | 3,176 | 8,836 | |||||||||
| 8. |
Fixed charges excluding interest on deposits (4c) | 410 | 1,070 | |||||||||
| 9. |
Fixed charges including interest on deposits (4e) | 901 | 2,333 | |||||||||
| Ratio of Earnings to Fixed Charges |
|
|||||||||||
| 10. |
Excluding interest on deposits (line 6/line 8) | 6.55 | 7.08 | |||||||||
| 11. |
Including interest on deposits (line 7/line 9) | 3.52 | 3.79 | |||||||||
| * | 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 September 30, 2018 |
Nine Months Ended September 30, 2018 |
||||||||||
| Earnings |
||||||||||||
| 1. |
Net income attributable to U.S. Bancorp | $ | 1,815 | $ | 5,240 | |||||||
| 2. |
Applicable income taxes, including expense related to unrecognized tax positions | 460 | 1,263 | |||||||||
| 3. |
Net income attributable to U.S. Bancorp before income taxes (1 + 2) | $ | 2,275 | $ | 6,503 | |||||||
| 4. |
Fixed charges: | |||||||||||
| a. | Interest expense excluding interest on deposits* | $ | 381 | $ | 983 | |||||||
| b. | Portion of rents representative of interest and amortization of debt expense | 29 | 87 | |||||||||
| c. | Fixed charges excluding interest on deposits (4a + 4b) | 410 | 1,070 | |||||||||
| d. | Interest on deposits | 491 | 1,263 | |||||||||
| e. | Fixed charges including interest on deposits (4c + 4d) | $ | 901 | $ | 2,333 | |||||||
| 5. |
Amortization of interest capitalized | $ | — | $ | — | |||||||
| 6. |
Preferred stock dividends | 76 | 210 | |||||||||
| 7. |
Earnings excluding interest on deposits (3 + 4c + 5) | 2,685 | 7,573 | |||||||||
| 8. |
Earnings including interest on deposits (3 + 4e + 5) | 3,176 | 8,836 | |||||||||
| 9. |
Fixed charges excluding interest on deposits, and preferred stock dividends (4c+6) | 486 | 1,280 | |||||||||
| 10. |
Fixed charges including interest on deposits, and preferred stock dividends (4e+6) | 977 | 2,543 | |||||||||
| Ratio of Earnings to Fixed Charges and Preferred Dividends |
|
|||||||||||
| 11. |
Excluding interest on deposits (line 7/line 9) | 5.52 | 5.92 | |||||||||
| 12. |
Including interest on deposits (line 8/line 10) | 3.25 | 3.47 | |||||||||
| * | Excludes interest expense related to unrecognized tax positions. |
| U.S. Bancorp | 77 |