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Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Assets    
Cash and due from banks $ 20,082 $ 19,505
Investment securities    
Held-to-maturity (fair value $44,332 and $43,723, respectively) 46,046 44,362
Available-for-sale ($2,668 and $689 pledged as collateral, respectively) [1] 64,912 68,137
Loans held for sale (including $3,228 and $3,534 of mortgage loans carried at fair value, respectively) 4,533 3,554
Loans    
Commercial 99,273 97,561
Commercial real estate 39,966 40,463
Residential mortgages 62,904 59,783
Credit card 21,869 22,180
Other retail 56,049 57,324
Total loans, excluding covered loans 280,061 277,311
Covered loans 1,400 3,121
Total loans 281,461 280,432
Less allowance for loan losses (3,954) (3,925)
Net loans 277,507 276,507
Premises and equipment 2,438 2,432
Goodwill 9,530 9,434
Other intangible assets 3,544 3,228
Other assets (including $690 and $238 of trading securities at fair value pledged as collateral, respectively) [1] 36,015 34,881
Total assets 464,607 462,040
Deposits    
Noninterest-bearing 77,146 87,557
Interest-bearing [2] 254,032 259,658
Total deposits 331,178 347,215
Short-term borrowings 23,868 16,651
Long-term debt 40,894 32,259
Other liabilities 17,660 16,249
Total liabilities 413,600 412,374
Shareholders' equity    
Preferred stock 5,984 5,419
Common stock, par value $0.01 a share - authorized: 4,000,000,000 shares; issued: 9/30/18 and 12/31/17 - 2,125,725,742 shares 21 21
Capital surplus 8,479 8,464
Retained earnings 57,878 54,142
Less cost of common stock in treasury: 9/30/18 - 502,672,407 shares; 12/31/17 - 470,080,231 shares (19,414) (17,602)
Accumulated other comprehensive income (loss) (2,573) (1,404)
Total U.S. Bancorp shareholders' equity 50,375 49,040
Noncontrolling interests 632 626
Total equity 51,007 49,666
Total liabilities and equity $ 464,607 $ 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 $10.0 billion and $6.8 billion at September 30, 2018 and December 31, 2017, respectively