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Consolidated Statement of Shareholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Change in accounting principle
[3]
Total U.S. Bancorp Shareholders’ Equity
Total U.S. Bancorp Shareholders’ Equity
Change in accounting principle
[3]
Common Stock
Preferred Stock
Capital Surplus
Retained Earnings
Retained Earnings
Change in accounting principle
[3]
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Beginning Balance (in shares) at Dec. 31, 2020         1,507              
Beginning Balance at Dec. 31, 2020 $ 53,725   $ 53,095   $ 21 $ 5,983 $ 8,511 $ 64,188   $ (25,930) $ 322 $ 630
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income (loss) 7,985   7,963         7,963       22
Other comprehensive income (loss) (2,265)   (2,265)               (2,265)  
Preferred stock dividends [1] (303)   (303)         (303)        
Common stock dividends (2,630)   (2,630)         (2,630)        
Issuance of preferred stock 2,221   2,221     2,221            
Call and redemption of preferred stock (1,850)   (1,850)     (1,833)   (17)        
Issuance of common and treasury stock (in shares)         5              
Issuance of common and treasury stock $ 46   46       (169)     215    
Purchase of treasury stock (in shares) (28)       (28)              
Purchase of treasury stock $ (1,556)   (1,556)             (1,556)    
Distributions to noncontrolling interests (20)                     (20)
Purchase of noncontrolling interests (167)                     (167)
Net other changes in noncontrolling interests 4                     4
Stock option and restricted stock grants 197   197       197          
Ending Balance (in shares) at Dec. 31, 2021         1,484              
Ending Balance at Dec. 31, 2021 $ 55,387   54,918   $ 21 6,371 8,539 69,201   (27,271) (1,943) 469
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Common Stock, Dividends, Per Share, Declared $ 1.76                      
Net income (loss) $ 5,838   5,825         5,825       13
Other comprehensive income (loss) (9,464)   (9,464)               (9,464)  
Preferred stock dividends [2] (296)   (296)         (296)        
Common stock dividends (2,829)   (2,829)         (2,829)        
Issuance of preferred stock 437   437     437            
Issuance of common and treasury stock (in shares)         48              
Issuance of common and treasury stock $ 2,039   2,039       (32)     2,071    
Purchase of treasury stock (in shares) (1)       (1)              
Purchase of treasury stock $ (69)   (69)             (69)    
Distributions to noncontrolling interests (13)                     (13)
Net other changes in noncontrolling interests (3)                     (3)
Stock option and restricted stock grants $ 205   205       205          
Ending Balance (in shares) at Dec. 31, 2022 1,500       1,531              
Ending Balance at Dec. 31, 2022 $ 51,232 $ 46 50,766 $ 46 $ 21 6,808 8,712 71,901 $ 46 (25,269) (11,407) 466
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Accounting Standards Update [Extensible Enumeration] Accounting Standards Update 2022-02 [Member]                      
Common Stock, Dividends, Per Share, Declared $ 1.88                      
Net income (loss) $ 5,458   5,429         5,429       29
Other comprehensive income (loss) 1,311   1,311               1,311  
Preferred stock dividends [4] (350)   (350)         (350)        
Common stock dividends (3,000)   (3,000)         (3,000)        
Issuance of common and treasury stock (in shares)         28              
Issuance of common and treasury stock $ 941   941       (264)     1,205    
Purchase of treasury stock (in shares) (1)       (1)              
Purchase of treasury stock $ (62)   (62)             (62)    
Distributions to noncontrolling interests (29)                     (29)
Net other changes in noncontrolling interests (1)                     (1)
Stock option and restricted stock grants $ 225   225       225          
Ending Balance (in shares) at Dec. 31, 2023 1,600       1,558              
Ending Balance at Dec. 31, 2023 $ 55,771   $ 55,306   $ 21 $ 6,808 $ 8,673 $ 74,026   $ (24,126) $ (10,096) $ 465
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Common Stock, Dividends, Per Share, Declared $ 1.93                      
[1] Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series I, Series J, Series K, Series L, Series M, and Series N Non-Cumulative Perpetual Preferred Stock of $3,548.61, $887.153, $1,625.00, $232.953, $1,325.00, $1,375.00, $937.50, $952.778, $202.986, respectively.
[2] Reflects dividends declared per share on the Company’s Series A, Series B, Series J, Series K, Series L, Series M, Series N, and Series O Non-Cumulative Perpetual Preferred Stock of $3,965.458, $962.487, $1,325.00, $1,375.00, $937.50, $1,000.00, $925.00, and $1,050.00, respectively.
[3] Effective January 1, 2023, the Company adopted accounting guidance which removed the separate recognition and measurement of troubled debt restructurings. Upon adoption, the Company reduced its allowance for credit losses and increased retained earnings net of deferred taxes through a cumulative-effect adjustment
[4] Reflects dividends declared per share on the Company’s Series A, Series B, Series J, Series K, Series L, Series M, Series N and Series O Non-Cumulative Perpetual Preferred Stock of $6,439.904, $1,503.518, $1,325.00, $1,375.00, $937.50, $1,000.00, $925.00, and $1,125.00, respectively.