Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 95

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 95
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)(161)— 2 1 (697)Balance at end of period$(3,779)$(2,900)$(87)$(959)$(5)$(18)$(7,748)2024      Balance at beginning of period$(5,151)$(3,537)$(242)$(1,138)$— $(28)$(10,096)Changes in unrealized gains (losses)1,048 — 8 — — — 1,056 Foreign currency translation adjustment(a)— — — — — 16 16 Reclassification to earnings of realized (gains) losses153 377 206 — — — 736 Applicable income taxes(305)(95)(55)— — (3)(458)Balance at end of period$(4,255)$(3,255)$(83)$(1,138)$— $(15)$(8,746)(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 EndedSeptember 30Nine Months EndedSeptember 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$(7)$(119)$(64)$(153)Securities gains (losses), net2 31 16 39 Applicable income taxes(5)(88)(48)(114)Net-of-taxUnrealized gains (losses) on investment securities transferred from available-for-sale to held-to-maturityAmortization of unrealized gains (losses)(124)(132)(358)(377)Interest income32 33 93 95 Applicable income taxes(92)(99)(265)(282)Net-of-taxUnrealized gains (losses) on derivative hedgesRealized gains (losses) on derivative hedges(65)(77)(191)(206)Net interest income16 20 48 53 Applicable income taxes(49)(57)(143)(153)Net-of-taxUnrealized gains (losses)