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US Bank 2015 Annual Report Download - page 84

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Consolidated Financial Statements and Notes Table of Contents

Consolidated Financial Statements

Consolidated Balance Sheet ......................................................................................... 83

Consolidated Statement of Income .................................................................................... 84

Consolidated Statement of Comprehensive Income ...................................................................... 85

Consolidated Statement of Shareholders’ Equity ......................................................................... 86

Consolidated Statement of Cash Flows ................................................................................ 87

Notes to Consolidated Financial Statements

Note 1 — Significant Accounting Policies ............................................................................... 88

Note 2 — Accounting Changes ...................................................................................... 96

Note 3 — Business Combinations .................................................................................... 96

Note 4 — Restrictions on Cash and Due From Banks ..................................................................... 96

Note 5 — Investment Securities ...................................................................................... 97

Note 6 — Loans and Allowance for Credit Losses ........................................................................ 100

Note 7 — Leases .................................................................................................. 108

Note 8 — Accounting for Transfers and Servicing of Financial Assets and Variable Interest Entities ................................. 108

Note 9 — Premises and Equipment ................................................................................... 110

Note 10 — Mortgage Servicing Rights ................................................................................. 110

Note 11 — Intangible Assets ......................................................................................... 111

Note 12 — Short-Term Borrowings ................................................................................... 112

Note 13 — Long-Term Debt ......................................................................................... 113

Note 14 — Junior Subordinated Debentures ............................................................................ 113

Note 15 — Shareholders’ Equity ...................................................................................... 114

Note 16 — Earnings Per Share ....................................................................................... 119

Note 17 — Employee Benefits ....................................................................................... 119

Note 18 — Stock-Based Compensation ............................................................................... 124

Note 19 — Income Taxes ........................................................................................... 126

Note 20 — Derivative Instruments .................................................................................... 127

Note 21 — Netting Arrangements for Certain Financial Instruments and Securities Financing Activities .............................. 132

Note 22 — Fair Values of Assets and Liabilities .......................................................................... 134

Note 23 — Guarantees and Contingent Liabilities ........................................................................ 143

Note 24 — U.S. Bancorp (Parent Company) ............................................................................ 148

Note 25 — Subsequent Events ....................................................................................... 149

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