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Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Assets    
Cash and due from banks $ 19,246 $ 19,505
Investment securities    
Held-to-maturity (fair value $43,408 and $43,723, respectively) 44,612 44,362
Available-for-sale ($571 and $689 pledged as collateral, respectively) [1] 67,125 68,137
Loans held for sale (including $3,271 and $3,534 of mortgage loans carried at fair value, respectively) 4,777 3,554
Loans    
Commercial 98,097 97,561
Commercial real estate 40,140 40,463
Residential mortgages 60,477 59,783
Credit card 20,901 22,180
Other retail 55,317 57,324
Total loans, excluding covered loans 274,932 277,311
Covered loans 2,979 3,121
Total loans 277,911 280,432
Less allowance for loan losses (3,918) (3,925)
Net loans 273,993 276,507
Premises and equipment 2,441 2,432
Goodwill 9,440 9,434
Other intangible assets 3,388 3,228
Other assets (including $829 and $238 of trading securities at fair value pledged as collateral, respectively) [1] 35,097 34,881
Total assets 460,119 462,040
Deposits    
Noninterest-bearing 82,211 87,557
Interest-bearing [2] 262,315 259,658
Total deposits 344,526 347,215
Short-term borrowings 17,703 16,651
Long-term debt 33,201 32,259
Other liabilities 14,877 16,249
Total liabilities 410,307 412,374
Shareholders' equity    
Preferred stock 5,419 5,419
Common stock, par value $0.01 a share - authorized: 4,000,000,000 shares; issued: 3/31/18 and 12/31/17 - 2,125,725,742 shares 21 21
Capital surplus 8,438 8,464
Retained earnings 55,549 54,142
Less cost of common stock in treasury: 3/31/18 - 476,747,913 shares; 12/31/17 - 470,080,231 shares (18,047) (17,602)
Accumulated other comprehensive income (loss) (2,193) (1,404)
Total U.S. Bancorp shareholders' equity 49,187 49,040
Noncontrolling interests 625 626
Total equity 49,812 49,666
Total liabilities and equity $ 460,119 $ 462,040
[1] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.
[2] lncludes time deposits greater than $250,000 balances of $7.8 billion and $6.8 billion at March 31, 2018 and December 31, 2017, respectively.