Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 102

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 102
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,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. Bancorp59

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 September 30Nine Months Ended September 30 Gains (Losses) Recognized in Other Comprehensive Income (Loss)Gains (Losses) Reclassified from Other Comprehensive Income (Loss) into Earnings Gains (Losses) Recognized in Other Comprehensive Income (Loss)Gains (Losses) Reclassified from Other Comprehensive Income (Loss) into Earnings(Dollars in Millions)20252024202520242025202420252024Asset and Liability Management Positions        Cash flow hedges        Interest rate contracts$(4)$342 $(49)$(57)$323 $6 $(143)$(153)Net investment hedges        Foreign exchange forward contracts14 (19)— — (28)59 — — Non-derivative debt instruments(3)(56)— — (194)(15)— — 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 September 30Nine Months Ended September 30 Interest Income Interest Expense Interest Income Interest Expense (Dollars in Millions)20252024202520242025202420252024Total 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$7,927 $8,086 $3,705 $3,951 $23,047 $23,835 $10,682 $11,692 Asset and Liability Management Positions        Fair value hedges        Interest rate contract derivatives34 (1,108)92 302 (699)(663)(92)314 Hedged items(34)1,113 (92)(303)699 666 96 (315)Cash flow hedges        Interest rate contract derivatives(60)(70)5 7 (172)(