Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 86

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 86
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119,520 1,932 1,789 113,718 2,441 2,232 OptionsPurchased790 15 1 497 14 — Written790 1 15 497 — 14 Commodity contractsSwaps10,972 362 301 8,224 199 180 OptionsPurchased4,953 310 4 3,921 233 2 Written4,953 2 310 3,921 3 233 FuturesBuy1 — — 1 — — Sell249 49 84 166 25 27 Equity contracts8 — — — — — Credit contracts12,758 — 3 13,670 — 3 Total$1,191,653 $5,652 $6,572 $1,181,606 $6,162 $7,939 (a)Primarily represents floating rate interest rate swaps that pay based on differentials between specified interest rate indexes. 

U.S. Bancorp53

The table below shows the effective portion of the gains (losses) recognized in other comprehensive income (loss) and the gains (losses) reclassified from other comprehensive income (loss) into earnings (net-of-tax): Three Months Ended March 31 Gains (Losses) Recognized in Other Comprehensive Income (Loss)Gains (Losses) Reclassified from Other Comprehensive Income (Loss) into Earnings (Dollars in Millions)2025202420252024Asset and Liability Management Positions    Cash flow hedges    Interest rate contracts$211 $(255)$(45)$(36)Net investment hedges    Foreign exchange forward contracts(4)69 — — Non-derivative debt instruments(61)34 — — Note:  The Company does not exclude components from effectiveness testing for cash flow and net investment hedges. The table below shows the effect of fair value and cash flow hedge accounting on the Consolidated Statement of Income:  Three Months Ended March 31 Interest Income Interest Expense (Dollars in Millions)2025202420252024Total amount of income and expense line items presented in the Consolidated Statement of Income in which the effects of fair value or cash flow hedges are recorded$7,516 $7,764 $3,424 $