Attached files
| file | filename |
|---|---|
| EX-32 - EX-32 - US BANCORP \DE\ | d334122dex32.htm |
| EX-31.2 - EX-31.2 - US BANCORP \DE\ | d334122dex312.htm |
| EX-31.1 - EX-31.1 - US BANCORP \DE\ | d334122dex311.htm |
| 10-Q - FORM 10-Q - US BANCORP \DE\ | d334122d10q.htm |
Computation of Ratio of Earnings to Fixed Charges
| (Dollars in Millions) | Three Months Ended March 31, 2017 |
|||||||
| Earnings |
| |||||||
| 1. |
Net income attributable to U.S. Bancorp |
$ | 1,473 | |||||
| 2. |
Applicable income taxes, including expense related to unrecognized tax positions |
499 | ||||||
| 3. |
Net income attributable to U.S. Bancorp before income taxes (1 + 2) |
$ | 1,972 | |||||
| 4. |
Fixed charges: |
| ||||||
| a. | Interest expense excluding interest on deposits* |
$ | 256 | |||||
| b. | Portion of rents representative of interest and amortization of debt expense |
27 | ||||||
| c. | Fixed charges excluding interest on deposits (4a + 4b) |
283 | ||||||
| d. | Interest on deposits |
199 | ||||||
| e. | Fixed charges including interest on deposits (4c + 4d) |
$ | 482 | |||||
| 5. |
Amortization of interest capitalized |
$ | — | |||||
| 6. |
Earnings excluding interest on deposits (3 + 4c + 5) |
2,255 | ||||||
| 7. |
Earnings including interest on deposits (3 + 4e + 5) |
2,454 | ||||||
| 8. |
Fixed charges excluding interest on deposits (4c) |
283 | ||||||
| 9. |
Fixed charges including interest on deposits (4e) |
482 | ||||||
| Ratio of Earnings to Fixed Charges |
| |||||||
| 10. |
Excluding interest on deposits (line 6 / line 8) |
7.97 | ||||||
| 11. |
Including interest on deposits (line 7 / line 9) |
5.09 | ||||||
| * | 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, 2017 |
|||||||
| Earnings |
| |||||||
| 1. |
Net income attributable to U.S. Bancorp |
$ | 1,473 | |||||
| 2. |
Applicable income taxes, including expense related to unrecognized tax positions |
499 | ||||||
| 3. |
Net income attributable to U.S. Bancorp before income taxes (1 + 2) |
$ | 1,972 | |||||
| 4. |
Fixed charges: |
| ||||||
| a. | Interest expense excluding interest on deposits* |
$ | 256 | |||||
| b. | Portion of rents representative of interest and amortization of debt expense |
27 | ||||||
| c. | Fixed charges excluding interest on deposits (4a + 4b) |
283 | ||||||
| d. | Interest on deposits |
199 | ||||||
| e. | Fixed charges including interest on deposits (4c + 4d) |
$ | 482 | |||||
| 5. |
Amortization of interest capitalized |
$ | — | |||||
| 6. |
Preferred stock dividends |
69 | ||||||
| 7. |
Earnings excluding interest on deposits (3 + 4c + 5) |
2,255 | ||||||
| 8. |
Earnings including interest on deposits (3 + 4e + 5) |
2,454 | ||||||
| 9. |
Fixed charges excluding interest on deposits, and preferred stock dividends (4c + 6) |
352 | ||||||
| 10. |
Fixed charges including interest on deposits, and preferred stock dividends (4e + 6) |
551 | ||||||
| Ratio of Earnings to Fixed Charges and Preferred Dividends |
| |||||||
| 11. |
Excluding interest on deposits (line 7 / line 9) |
6.41 | ||||||
| 12. |
Including interest on deposits (line 8 / line 10) |
4.45 | ||||||
| * | Excludes interest expense related to unrecognized tax positions. |
| U.S. Bancorp | 75 |