Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 102

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 102
---
 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$116 $(81)$(49)$(60)$327 $(336)$(94)$(96)Net investment hedges        Foreign exchange forward contracts(38)9 — — (42)78 — — Non-derivative debt instruments(130)7 — — (191)41 — — 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 June 30Six Months Ended June 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$7,604 $7,985 $3,553 $3,962 $15,120 $15,749 $6,977 $7,741 Asset and Liability Management Positions        Fair value hedges        Interest rate contract derivatives(285)(23)(78)69 (733)445 (184)12 Hedged items286 22 76 (69)733 (447)188 (12)Cash flow hedges        Interest rate contract derivatives(59)(73)7 7 (112)(115)14 14 Note:  The Company does not exclude components from effectiveness testing for fair value and cash flow hedges. The Company reclassified losses of $7 million and $14 million into earnings during both the three and six months ended June 30, 2025 and 2024, respectively, as a result of realized cash flows on discontinued cash flow hedges. No amounts were reclassified into earnings on discontinued cash flow hedges because it is probable the original hedged forecasted cash flows will not occur. The table below shows cumulative hedging adjustments and the carrying amount of assets and liabilities currently designated in fair