U.S. Bancorp (Parent Company) (Tables)

12 Months Ended

Dec. 31, 2011

U.S. Bancorp (Parent Company) [Abstract]

Condensed Statement of Financial Position of Parent Company Only

At December 31 (Dollars in Millions)	2011		2010
Assets
Due from banks, principally interest-bearing	$	4,728	$	6,722
Available-for-sale securities		1,166		1,454
Investments in bank subsidiaries		33,179		29,452
Investments in nonbank subsidiaries		1,321		1,239
Advances to bank subsidiaries		6,094		1,500
Advances to nonbank subsidiaries		1,190		1,171
Other assets		1,481		1,429
Total assets	$	49,159	$	42,967
Liabilities and Shareholders’ Equity
Short-term funds borrowed	$	29	$	60
Long-term debt		14,593		13,037
Other liabilities		559		351
Shareholders’ equity		33,978		29,519
Total liabilities and shareholders’ equity	$	49,159	$	42,967

Condensed Income Statement of Parent Company Only

Year Ended December 31 (Dollars in Millions)	2011			2010			2009
Income
Dividends from bank subsidiaries	$	1,500		$	—		$	625
Dividends from nonbank subsidiaries		7			3			94
Interest from subsidiaries		101			109			82
Other income		134			105			(299	)
Total income		1,742			217			502
Expense
Interest on short-term funds borrowed		1			1			3
Interest on long-term debt		424			366			332
Other expense		79			80			44
Total expense		504			447			379
Income before income taxes and equity in undistributed income of subsidiaries		1,238			(230	)		123
Applicable income taxes		(83	)		(70	)		(197	)
Income of parent company		1,321			(160	)		320
Equity in undistributed income of subsidiaries		3,551			3,477			1,885
Net income attributable to U.S. Bancorp	$	4,872		$	3,317		$	2,205

Condensed Statement of Cash Flows of Parent Company Only

Year Ended December 31 (Dollars in Millions)	2011			2010			2009
Operating Activities
Net income attributable to U.S. Bancorp	$	4,872		$	3,317		$	2,205
Adjustments to reconcile net income to net cash provided by operating activities
Equity in undistributed income of subsidiaries		(3,551	)		(3,477	)		(1,885	)
Other, net		12			130			703
Net cash provided by (used in) operating activities		1,333			(30	)		1,023
Investing Activities
Proceeds from sales and maturities of investment securities		297			298			395
Purchases of investment securities		(36	)		(63	)		(52	)
Investments in subsidiaries		–			(1,750	)		(186	)
Equity distributions from subsidiaries		77			58			58
Net increase in short-term advances to subsidiaries		(4,613	)		(253	)		(173	)
Long-term advances to subsidiaries		–			(300	)		(800	)
Principal collected on long-term advances to subsidiaries		–			300			–
Other, net		(3	)		33			(29	)
Net cash used in investing activities		(4,278	)		(1,677	)		(787	)
Financing Activities
Net decrease in short-term borrowings		(31	)		(782	)		(392	)
Proceeds from issuance of long-term debt		2,426			4,250			5,031
Principal payments or redemption of long-term debt		(851	)		(5,250	)		(1,054	)
Fees paid on exchange of income trust securities for perpetual preferred stock		–			(4	)		–
Proceeds from issuance of preferred stock		676			–			–
Proceeds from issuance of common stock		180			119			2,703
Redemption of preferred stock		–			–			(6,599	)
Repurchase of common stock		(514	)		–			–
Repurchase of common stock warrant		–			–			(139	)
Cash dividends paid on preferred stock		(118	)		(89	)		(275	)
Cash dividends paid on common stock		(817	)		(383	)		(1,025	)
Net cash provided by (used in) financing activities		951			(2,139	)		(1,750	)
Change in cash and due from banks		(1,994	)		(3,846	)		(1,514	)
Cash and due from banks at beginning of year		6,722			10,568			12,082
Cash and due from banks at end of year	$	4,728		$	6,722		$	10,568