Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 95

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 95
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 — — — — 4 4 Reclassification to earnings of realized (gains) losses34 245 129 — — — 408 Applicable income taxes56 (62)83 — — — 77 Balance at end of period$(5,310)$(3,354)$(482)$(1,138)$— $(24)$(10,308)(a)Represents the impact of changes in foreign currency exchange rates on the Company’s investment in foreign operations and related hedges. 

54U.S. Bancorp

Additional detail about the impact to net income for items reclassified out of accumulated other comprehensive income (loss) and into earnings is as follows:  Impact to Net Income   Three Months EndedJune 30Six Months EndedJune 30Affected Line Item in the  Consolidated Statement of Income(Dollars in Millions)2025202420252024Unrealized gains (losses) on investment securities available-for-saleRealized gains (losses) on sales of investment securities$(57)$(36)$(57)$(34)Securities gains (losses), net14 9 14 8 Applicable income taxes(43)(27)(43)(26)Net-of-taxUnrealized gains (losses) on investment securities transferred from available-for-sale to held-to-maturityAmortization of unrealized gains (losses)(123)(131)(234)(245)Interest income33 33 61 62 Applicable income taxes(90)(98)(173)(183)Net-of-taxUnrealized gains (losses) on derivative hedgesRealized gains (losses) on derivative hedges(66)(80)(126)(129)Net interest income17 20 32 33 Applicable income taxes(49)(60)(94)(96)Net-of-taxUnrealized gains (losses) on retirement plansActuarial gains (losses) and prior service cost (credit) amortization2 — 3 — Other noninterest expense(1)— (1)— Applicable income taxes1 — 2 — Net-of-taxTotal impact to net income$(181)$(185)$(308)$(305) 

NOTE 9Earnings Per ShareThe components of earnings per share were:  Three Months EndedJune 30Six Months EndedJune 30(Dollars and Shares in Millions, Except Per Share