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

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Statement of Financial Position of Parent Company Only

CONDENSED BALANCE SHEET

At December 31 (Dollars in Millions)	2014		2013
Assets
Due from banks, principally interest-bearing	$	10,775	$	8,371
Available-for-sale securities		464		463
Investments in bank subsidiaries		39,599		37,558
Investments in nonbank subsidiaries		1,906		1,546
Advances to bank subsidiaries		2,650		2,250
Advances to nonbank subsidiaries		550		1,534
Other assets		1,762		1,628
Total assets	$	57,706	$	53,350
Liabilities and Shareholders’ Equity
Short-term funds borrowed	$	177	$	138
Long-term debt		13,189		11,416
Other liabilities		861		683
Shareholders’ equity		43,479		41,113
Total liabilities and shareholders’ equity	$	57,706	$	53,350

Condensed Income Statement of Parent Company Only

CONDENSED STATEMENT OF INCOME

Year Ended December 31 (Dollars in Millions)	2014			2013			2012
Income
Dividends from bank subsidiaries	$	3,850		$	6,100		$	250
Dividends from nonbank subsidiaries		38			9			4
Interest from subsidiaries		123			118			96
Other income		64			66			149
Total income		4,075			6,293			499
Expense
Interest expense		335			325			393
Other expense		90			81			122
Total expense		425			406			515
Income (loss) before income taxes and equity in undistributed income of subsidiaries		3,650			5,887			(16	)
Applicable income taxes		(94	)		(88	)		(85	)
Income of parent company		3,744			5,975			69
Equity in undistributed income (losses) of subsidiaries		2,107			(139	)		5,578
Net income attributable to U.S. Bancorp	$	5,851		$	5,836		$	5,647

Condensed Statement of Cash Flows of Parent Company Only

CONDENSED STATEMENT OF CASH FLOWS

Year Ended December 31 (Dollars in Millions)	2014			2013			2012
Operating Activities
Net income attributable to U.S. Bancorp	$	5,851		$	5,836		$	5,647
Adjustments to reconcile net income to net cash provided by operating activities
Equity in undistributed (income) losses of subsidiaries		(2,107	)		139			(5,578	)
Other, net		48			(40	)		(35	)
Net cash provided by operating activities		3,792			5,935			34
Investing Activities
Proceeds from sales and maturities of investment securities		46			75			979
Purchases of investment securities		(39	)		(118	)		(35	)
Equity distributions from subsidiaries		–			12			845
Net decrease in short-term advances to subsidiaries		984			4,543			207
Long-term advances to subsidiaries		(1,800	)		(750	)		(500	)
Principal collected on long-term advances to subsidiaries		1,400			–			–
Other, net		(52	)		(9	)		(22	)
Net cash provided by investing activities		539			3,753			1,474
Financing Activities
Net increase in short-term borrowings		39			4			105
Proceeds from issuance of long-term debt		3,250			1,500			3,550
Principal payments or redemption of long-term debt		(1,500	)		(2,850	)		(5,412	)
Proceeds from issuance of preferred stock		–			487			2,163
Proceeds from issuance of common stock		453			524			395
Redemption of preferred stock		–			(500	)		–
Repurchase of common stock		(2,200	)		(2,282	)		(1,856	)
Cash dividends paid on preferred stock		(243	)		(254	)		(204	)
Cash dividends paid on common stock		(1,726	)		(1,576	)		(1,347	)
Net cash used in financing activities		(1,927	)		(4,947	)		(2,606	)
Change in cash and due from banks		2,404			4,741			(1,098	)
Cash and due from banks at beginning of year		8,371			3,630			4,728
Cash and due from banks at end of year	$	10,775		$	8,371		$	3,630