Attached files
file | filename |
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10-Q - 10-Q - US BANCORP \DE\ | d150924d10q.htm |
EX-32 - EX-32 - US BANCORP \DE\ | d150924dex32.htm |
EX-31.1 - EX-31.1 - US BANCORP \DE\ | d150924dex311.htm |
EX-31.2 - EX-31.2 - US BANCORP \DE\ | d150924dex312.htm |
Computation of Ratio of Earnings to Fixed Charges
(Dollars in Millions) | Three Months Ended March 31, 2016 |
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Earnings |
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1. |
Net income attributable to U.S. Bancorp |
$ | 1,386 | |||||
2. |
Applicable income taxes, including expense related to unrecognized tax positions |
504 | ||||||
3. |
Net income attributable to U.S. Bancorp before income taxes (1 + 2) |
$ | 1,890 | |||||
4. |
Fixed charges: |
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a. | Interest expense excluding interest on deposits* |
$ | 247 | |||||
b. | Portion of rents representative of interest and amortization of debt expense |
27 | ||||||
c. | Fixed charges excluding interest on deposits (4a + 4b) |
274 | ||||||
d. | Interest on deposits |
139 | ||||||
e. | Fixed charges including interest on deposits (4c + 4d) |
$ | 413 | |||||
5. |
Amortization of interest capitalized |
$ | | |||||
6. |
Earnings excluding interest on deposits (3 + 4c + 5) |
2,164 | ||||||
7. |
Earnings including interest on deposits (3 + 4e + 5) |
2,303 | ||||||
8. |
Fixed charges excluding interest on deposits (4c) |
274 | ||||||
9. |
Fixed charges including interest on deposits (4e) |
413 | ||||||
Ratio of Earnings to Fixed Charges |
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10. |
Excluding interest on deposits (line 6/line 8) |
7.90 | ||||||
11. |
Including interest on deposits (line 7/line 9) |
5.58 |
* | Excludes interest expense related to unrecognized tax positions |
76 |
U.S. Bancorp |