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U.S. Bancorp (U.S. Bancorp) Long-Term Capital Lease Obligation

: $0 Mil (As of Dec. 2023)
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U.S. Bancorp's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil.


U.S. Bancorp Long-Term Capital Lease Obligation Historical Data

The historical data trend for U.S. Bancorp's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

U.S. Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

U.S. Bancorp Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Long-Term Capital Lease Obligation Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

U.S. Bancorp  (NYSE:USB) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

U.S. Bancorp Long-Term Capital Lease Obligation Related Terms

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U.S. Bancorp (U.S. Bancorp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » U.S. Bancorp (NYSE:USB) » Definitions » Long-Term Capital Lease Obligation
Address
800 Nicollet Mall, Minneapolis, MN, USA, 55402
As a diversified financial-services provider, U.S. Bancorp is one of the nation's largest regional banks, with branches in roughly 26 states, primarily in the Western and Midwestern United States. The bank offers many services, including retail banking, commercial banking, trust and wealth services, credit cards, mortgages, and other payments capabilities.
Executives
Timothy A Welsh officer: Vice Chairman 800 NICOLLET MALL, MINNEAPOLIS MN 55402
Terrance R Dolan officer: EVP, Controller 800 NICOLLET MALL, MINNEAPOLIS MN 55402
Shailesh M Kotwal officer: Vice Chairman 8501 N. SCOTTSDALE ROAD, SUITE 300, SCOTTSDALE AZ 85253
Venkatachari Dilip officer: SEVP & Chief Info & Tech Off 800 NICOLLET MALL, MINNEAPOLIS MN 55402
John C Stern officer: SEVP and CFO 800 NICOLLET MALL, MINNEAPOLIS MN 55402
James B Kelligrew officer: Vice Chairman 800 NICOLLET MALL, MINNEAPOLIS MN 55402
Richard P Mckenney director UNUM GROUP, 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402
Scott W. Wine director 2100 HIGHWAY 55, MEDINA MN 55340
Alan B. Colberg director ASSURANT, INC., ONE CHASE MANHATTAN PLAZA, 41 FL., NEW YORK NY 10005
Souheil Badran officer: SEVP, Chief Operations Officer 800 NICOLLET MALL, MINNEAPOLIS MN 55402
Andrew Cecere officer: Vice Chairman 800 NICOLLET MALL, MINNEAPOLIS MN 55402
Von Gillern Jeffry H. officer: Vice Chairman U.S. BANCORP, 800 NICOLLET MALL, MINNEAPOLIS MN 55402
Lisa R Stark officer: EVP and Controller 800 NICOLLET MALL, MINNEAPOLIS MN 55402
Loretta E Reynolds director 800 NICOLLET MALL, MINNEAPOLIS MN 55402
Katherine B Quinn officer: EVP, Strategy & Corp. Affairs US BANCORP, 800 NICOLLET MALL, MINNEAPOLIS MN 55402

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