US Bank 2014 Annual Report Download - page 74

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The following table shows the Company’s calculation of these Non-GAAP financial measures:
At December 31 (Dollars in Millions) 2014 2013 2012 2011 2010
Total equity ........................................................ $ 44,168 $ 41,807 $ 40,267 $ 34,971 $ 30,322
Preferred stock .................................................... (4,756) (4,756) (4,769) (2,606) (1,930)
Noncontrolling interests ........................................... (689) (694) (1,269) (993) (803)
Goodwill (net of deferred tax liability)(1) ............................ (8,403) (8,343) (8,351) (8,239) (8,337)
Intangible assets, other than mortgage servicing rights ........... (824) (849) (1,006) (1,217) (1,376)
Tangible common equity (a) ..................................... 29,496 27,165 24,872 21,916 17,876
Tangible common equity (as calculated above) .................... 29,496 27,165 24,872 21,916 17,876
Adjustments(2) ..................................................... 172 224 126 450 381
Common equity tier 1 capital estimated for the Basel III fully
implemented standardized and advanced approaches(3)(b) ... 29,668 27,389 24,998 22,366 18,257
Tier 1 capital, determined in accordance with prescribed
regulatory requirements using Basel I definition ................ 33,386 31,203 29,173 25,947
Trust preferred securities ......................................... – – (2,675) (3,949)
Preferred stock .................................................... (4,756) (4,769) (2,606) (1,930)
Noncontrolling interests, less preferred stock not eligible for Tier
1 capital ........................................................ (688) (685) (687) (692)
Tier 1 common equity using Basel 1 definition (c) ............... 27,942 25,749 23,205 19,376
Total assets ....................................................... 402,529 364,021 353,855 340,122 307,786
Goodwill (net of deferred tax liability)(1) ............................ (8,403) (8,343) (8,351) (8,239) (8,337)
Intangible assets, other than mortgage servicing rights ........... (824) (849) (1,006) (1,217) (1,376)
Tangible assets (d) .............................................. 393,302 354,829 344,498 330,666 298,073
Risk-weighted assets, determined in accordance with prescribed
regulatory requirements(4)(e) .................................... 317,398 297,919 287,611 271,333 247,619
Adjustments(5) ..................................................... 11,110 13,712 21,233 3,018 4,085
Risk-weighted assets estimated for the Basel III fully
implemented standardized approach(3)(f) ..................... 328,508 311,631 308,844 274,351 251,704
Risk-weighted assets, determined in accordance with prescribed
transitional advanced approaches regulatory requirements .... 248,596
Adjustments(6) ..................................................... 3,270
Risk-weighted assets estimated for the Basel III fully
implemented advanced approaches (g) ....................... 251,866
Ratios
Tangible common equity to tangible assets (a)/(d) ................. 7.5% 7.7% 7.2% 6.6% 6.0%
Tangible common equity to risk-weighted assets (a)/(e) ........... 9.3 9.1 8.6 8.1 7.2
Tier 1 common equity to risk-weighted assets using Basel I
definition (c)/(e) ................................................. 9.4 9.0 8.6 7.8
Common equity tier 1 capital to risk-weighted assets estimated for
the Basel III fully implemented standardized approach(3)(b)/(f) ... 9.0 8.8 8.1 8.2 7.3
Common equity tier 1 capital to risk-weighted assets estimated for
the Basel III fully implemented advanced approaches (b)/(g) ..... 11.8
(1) Includes goodwill related to certain investments in unconsolidated financial institutions per prescribed regulatory requirements beginning March 31, 2014.
(2) Includes net losses on cash flow hedges included in accumulated other comprehensive income and other adjustments.
(3) December 31, 2014 and 2013, calculated using final rules for the Basel III fully implemented standardized approach; December 31, 2012, calculated using proposed rules for the
Basel III fully implemented standardized approach released June 2012; December 31, 2011 and 2010, calculated using proposed rules for the Basel III fully implemented standardized approach
released prior to June 2012.
(4) December 31, 2014, calculated under the Basel III transitional standardized approach; all other periods calculated under Basel I.
(5) Includes higher risk-weighting for unfunded loan commitments, investment securities, residential mortgages, mortgage servicing rights and other adjustments.
(6) Primarily reflects higher risk-weighting for mortgage servicing rights.
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