Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

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		2016			2015
U.S. Bancorp (Parent Company)
Subordinated notes		Fixed		2.950	%		2022	$	1,300		$	1,300
		Fixed		3.600	%		2024		1,000			1,000
		Fixed		7.500	%		2026		199			199
		Fixed		3.100	%		2026		1,000			–
Medium-term notes		Fixed		1.650% - 4.125	%		2017 - 2026		8,800			7,500
		Floating		1.282% - 1.396	%		2018 - 2019		750			750
Junior subordinated debentures		Fixed		3.442	%		2016		–			500
Other(b)									(4	)		204
Subtotal									13,045			11,453
Subsidiaries
Federal Home Loan Bank advances		Fixed		1.250% - 8.250	%		2017 - 2026		10			11
		Floating		.866% - 1.447	%		2017 - 2026		8,559			9,081
Bank notes		Fixed		1.350% - 2.800	%		2017 - 2025		6,800			5,850
		Floating		.582% - 1.467	%		2017 - 2056		3,898			4,928
Other(c)									1,011			755
Subtotal									20,278			20,625
Total								$	33,323		$	32,078

(a) Weighted-average interest rates of medium-term notes, Federal Home Loan Bank advances and bank notes were 2.48 percent, 1.17 percent and 1.57 percent, respectively.

(b) Includes debt issuance fees and unrealized gains and losses and deferred amounts relating to derivative instruments.

(c) Includes consolidated community development and tax-advantaged investment VIEs, capitalized lease obligations, 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, 2016, were:

(Dollars in Millions)	Parent Company		Consolidated
2017	$	1,250	$	5,461
2018		1,498		7,282
2019		1,503		6,019
2020		–		43
2021		2,195		2,221
Thereafter		6,599		12,297
Total	$	13,045	$	33,323