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

12 Months Ended

Dec. 31, 2015

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)	2015		2014
Assets
Due from banks, principally interest-bearing	$	9,426	$	10,775
Available-for-sale securities		352		464
Investments in bank subsidiaries		41,708		39,599
Investments in nonbank subsidiaries		2,060		1,906
Advances to bank subsidiaries		3,150		2,650
Advances to nonbank subsidiaries		823		550
Other assets		983		1,762
Total assets	$	58,502	$	57,706
Liabilities and Shareholders’ Equity
Short-term funds borrowed	$	25	$	177
Long-term debt		11,453		13,189
Other liabilities		893		861
Shareholders’ equity		46,131		43,479
Total liabilities and shareholders’ equity	$	58,502	$	57,706

Condensed Income Statement of Parent Company Only

CONDENSED STATEMENT OF INCOME

Year Ended December 31 (Dollars in Millions)	2015			2014			2013
Income
Dividends from bank subsidiaries	$	3,900		$	3,850		$	6,100
Dividends from nonbank subsidiaries		3			38			9
Interest from subsidiaries		120			123			118
Other income		55			64			66
Total income		4,078			4,075			6,293
Expense
Interest expense		292			335			325
Other expense		105			90			81
Total expense		397			425			406
Income before income taxes and equity in undistributed income of subsidiaries		3,681			3,650			5,887
Applicable income taxes		(207	)		(94	)		(88	)
Income of parent company		3,888			3,744			5,975
Equity in undistributed income (losses) of subsidiaries		1,991			2,107			(139	)
Net income attributable to U.S. Bancorp	$	5,879		$	5,851		$	5,836

Condensed Statement of Cash Flows of Parent Company Only

CONDENSED STATEMENT OF CASH FLOWS

Year Ended December 31 (Dollars in Millions)	2015			2014			2013
Operating Activities
Net income attributable to U.S. Bancorp	$	5,879		$	5,851		$	5,836
Adjustments to reconcile net income to net cash provided by operating activities
Equity in undistributed (income) losses of subsidiaries		(1,991	)		(2,107	)		139
Other, net		507			48			(40	)
Net cash provided by operating activities		4,395			3,792			5,935
Investing Activities
Proceeds from sales and maturities of investment securities		153			46			75
Purchases of investment securities		(47	)		(39	)		(118	)
Net (increase) decrease in short-term advances to subsidiaries		(273	)		984			4,543
Long-term advances to subsidiaries		(500	)		(1,800	)		(750	)
Principal collected on long-term advances to subsidiaries		–			1,400			–
Other, net		(6	)		(52	)		3
Net cash (used in) provided by investing activities		(673	)		539			3,753
Financing Activities
Net (decrease) increase in short-term borrowings		(152	)		39			4
Proceeds from issuance of long-term debt		–			3,250			1,500
Principal payments or redemption of long-term debt		(1,750	)		(1,500	)		(2,850	)
Proceeds from issuance of preferred stock		745			–			487
Proceeds from issuance of common stock		295			453			524
Redemption of preferred stock		–			–			(500	)
Repurchase of common stock		(2,190	)		(2,200	)		(2,282	)
Cash dividends paid on preferred stock		(242	)		(243	)		(254	)
Cash dividends paid on common stock		(1,777	)		(1,726	)		(1,576	)
Net cash used in financing activities		(5,071	)		(1,927	)		(4,947	)
Change in cash and due from banks		(1,349	)		2,404			4,741
Cash and due from banks at beginning of year		10,775			8,371			3,630
Cash and due from banks at end of year	$	9,426		$	10,775		$	8,371