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

12 Months Ended

Dec. 31, 2017

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)	2017		2016
Assets
Due from banks, principally interest-bearing	$	9,157	$	7,800
Available-for-sale securities		963		225
Investments in bank subsidiaries		46,435		44,955
Investments in nonbank subsidiaries		2,540		2,326
Advances to bank subsidiaries		3,300		3,800
Advances to nonbank subsidiaries		2,055		1,265
Other assets		1,079		1,052
Total assets	$	65,529	$	61,423
Liabilities and Shareholders’ Equity
Short-term funds borrowed	$	1	$	22
Long-term debt		15,769		13,045
Other liabilities		719		1,058
Shareholders’ equity		49,040		47,298
Total liabilities and shareholders’ equity	$	65,529	$	61,423

Condensed Income Statement of Parent Company Only

Condensed Income Statement

Year Ended December 31 (Dollars in Millions)	2017			2016			2015
Income
Dividends from bank subsidiaries	$	4,800		$	2,100		$	3,900
Dividends from nonbank subsidiaries		5			4			3
Interest from subsidiaries		159			140			120
Other income		41			57			55
Total income		5,005			2,301			4,078
Expense
Interest expense		402			327			292
Other expense		124			123			105
Total expense		526			450			397
Income before income taxes and equity in undistributed income of subsidiaries		4,479			1,851			3,681
Applicable income taxes		(176	)		(97	)		(207	)
Income of parent company		4,655			1,948			3,888
Equity in undistributed income of subsidiaries		1,563			3,940			1,991
Net income attributable to U.S. Bancorp	$	6,218		$	5,888		$	5,879

Condensed Statement of Cash Flows of Parent Company Only

Condensed Statement of Cash Flows

Year Ended December 31 (Dollars in Millions)	2017			2016			2015
Operating Activities
Net income attributable to U.S. Bancorp	$	6,218		$	5,888		$	5,879
Adjustments to reconcile net income to net cash provided by operating activities
Equity in undistributed income of subsidiaries		(1,563	)		(3,940	)		(1,991	)
Other, net		(125	)		75			507
Net cash provided by operating activities		4,530			2,023			4,395
Investing Activities
Proceeds from sales and maturities of investment securities		100			232			153
Purchases of investment securities		(844	)		(120	)		(47	)
Net increase in short-term advances to subsidiaries		(790	)		(442	)		(273	)
Long-term advances to subsidiaries		–			(750	)		(500	)
Principal collected on long-term advances to subsidiaries		500			100			–
Other, net		(12	)		(12	)		(6	)
Net cash used in investing activities		(1,046	)		(992	)		(673	)
Financing Activities
Net decrease in short-term borrowings		(21	)		(3	)		(152	)
Proceeds from issuance of long-term debt		3,920			3,550			–
Principal payments or redemption of long-term debt		(1,250	)		(1,926	)		(1,750	)
Proceeds from issuance of preferred stock		993			–			745
Proceeds from issuance of common stock		159			355			295
Repurchase of preferred stock		(1,085	)		–			–
Repurchase of common stock		(2,631	)		(2,556	)		(2,190	)
Cash dividends paid on preferred stock		(284	)		(267	)		(242	)
Cash dividends paid on common stock		(1,928	)		(1,810	)		(1,777	)
Net cash used in financing activities		(2,127	)		(2,657	)		(5,071	)
Change in cash and due from banks		1,357			(1,626	)		(1,349	)
Cash and due from banks at beginning of year		7,800			9,426			10,775
Cash and due from banks at end of year	$	9,157		$	7,800		$	9,426