Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2012

Summary of Long-term Debt

Long-term debt (debt with original maturities of more than one year) at December 31 consisted of the following:

(Dollars in Millions)	Rate Type	Rate (a)			Maturity Date		2012		2011
U.S. Bancorp (Parent Company)
Subordinated notes	Fixed		7.500	%		2026	$	199	$	199
	Fixed		2.950	%		2022		1,300		–
Convertible senior debentures (b)	Floating		–	%		2035		–		10
	Floating		–	%		2036		–		10
	Floating		–	%		2037		–		21
Medium-term notes	Fixed		1.125% – 4.200	%		2013 – 2022		10,600		10,530
	Floating		.694	%		2012		–		500
Junior subordinated debentures	Fixed		3.442	%		2016		500		500
Junior subordinated debentures held by unconsolidated trusts (b)	Fixed		6.300% – 6.625	%		2039 – 2067		–		2,691
Capitalized lease obligations, mortgage indebtedness and other (c)								173		132
Subtotal								12,772		14,593
Subsidiaries
Subordinated notes	Fixed		6.300	%		2014		963		963
	Fixed		4.950	%		2014		1,000		1,000
	Fixed		4.800	%		2015		500		500
	Fixed		4.375	%		2017		–		1,169
	Fixed		3.778	%		2020		500		500
	Floating		.620	%		2014		373		414
Federal Home Loan Bank advances	Fixed		.500% – 8.250	%		2013 – 2026		16		3,710
	Floating		.311% – .575	%		2014 – 2022		4,579		4,332
Bank notes	Fixed		5.920	%		2012		–		99
	Floating		.058% – .062	%		2046 – 2048		143		1,146
Capitalized lease obligations, mortgage indebtedness and other (c)								4,670		3,527
Subtotal								12,744		17,360
Total							$	25,516	$	31,953

(a) Weighted-average interest rates of medium-term notes, Federal Home Loan Bank advances and bank notes were 2.55 percent, .36 percent and .06 percent, respectively.

(b) All remaining outstanding balances were redeemed by the Company during 2012.

(c) Other includes consolidated community development and tax-advantaged investment VIEs, debt issuance fees, and unrealized gains and losses and deferred amounts relating to derivative instruments.

Maturities of Long-term Debt Outstanding

Maturities of long-term debt outstanding at December 31, 2012, were:

(Dollars in Millions)	Parent Company		Consolidated
2013	$	2,849	$	2,894
2014		1,499		4,133
2015		1,747		3,084
2016		1,948		4,007
2017		1,246		2,773
Thereafter		3,483		8,625
Total	$	12,772	$	25,516