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Consolidated Statement of Shareholders' Equity (Unaudited) - USD ($)
shares in Millions, $ in Millions
Total
Common Stock [Member]
Preferred Stock [Member]
Capital Surplus [Member]
Retained Earnings [Member]
Treasury Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Total U.S. Bancorp Shareholders' Equity [Member]
Noncontrolling Interests [Member]
Beginning Balance at Dec. 31, 2017 $ 49,666 $ 21 $ 5,419 $ 8,464 $ 54,142 $ (17,602) $ (1,404) $ 49,040 $ 626
Shares, Beginning Balance at Dec. 31, 2017   1,656              
Change in accounting principle at Dec. 31, 2017 [1] (1)       299   (300) (1)  
Net income (loss) 5,262       5,240     5,240 22
Other comprehensive income (loss) (869)           (869) (869)  
Preferred stock dividends [2] (210)       (210)     (210)  
Common stock dividends (1,593)       (1,593)     (1,593)  
Issuance of preferred stock 565   565         565  
Issuance of common and treasury stock 77     (130)   207   77  
Issuance of common and treasury stock, shares   5              
Purchase of treasury stock (2,019)         (2,019)   (2,019)  
Purchase of treasury stock, shares   (38)              
Distributions to noncontrolling interests (22)               (22)
Net other changes in noncontrolling interests 6               6
Stock option and restricted stock grants 145     145       145  
Ending Balance at Sep. 30, 2018 51,007 $ 21 5,984 8,479 57,878 (19,414) (2,573) 50,375 632
Shares, Ending Balance at Sep. 30, 2018   1,623              
Beginning Balance at Jun. 30, 2018 50,257 $ 21 5,419 8,468 56,742 (18,707) (2,315) 49,628 629
Shares, Beginning Balance at Jun. 30, 2018   1,636              
Net income (loss) 1,822       1,815     1,815 7
Other comprehensive income (loss) (258)           (258) (258)  
Preferred stock dividends [3] (76)       (76)     (76)  
Common stock dividends (603)       (603)     (603)  
Issuance of preferred stock 565   565         565  
Issuance of common and treasury stock 29     (17)   46   29  
Issuance of common and treasury stock, shares   1              
Purchase of treasury stock (753)         (753)   (753)  
Purchase of treasury stock, shares   (14)              
Distributions to noncontrolling interests (7)               (7)
Net other changes in noncontrolling interests 3               3
Stock option and restricted stock grants 28     28       28  
Ending Balance at Sep. 30, 2018 51,007 $ 21 5,984 8,479 57,878 (19,414) (2,573) 50,375 632
Shares, Ending Balance at Sep. 30, 2018   1,623              
Beginning Balance at Dec. 31, 2018 51,657 $ 21 5,984 8,469 59,065 (20,188) (2,322) 51,029 628
Shares, Beginning Balance at Dec. 31, 2018   1,608              
Change in accounting principle at Dec. 31, 2018 2       2     2  
Net income (loss) 5,453       5,428     5,428 25
Other comprehensive income (loss) 1,149           1,149 1,149  
Preferred stock dividends [4] (230)       (230)     (230)  
Common stock dividends (1,846)       (1,846)     (1,846)  
Issuance of common and treasury stock 52     (127)   179   52  
Issuance of common and treasury stock, shares   4              
Purchase of treasury stock (2,215)         (2,215)   (2,215)  
Purchase of treasury stock, shares   (41)              
Distributions to noncontrolling interests (16)               (16)
Net other changes in noncontrolling interests (7)               (7)
Stock option and restricted stock grants 148     148       148  
Ending Balance at Sep. 30, 2019 54,147 $ 21 5,984 8,490 62,419 (22,224) (1,173) 53,517 630
Shares, Ending Balance at Sep. 30, 2019   1,571              
Beginning Balance at Jun. 30, 2019 53,540 $ 21 5,984 8,465 61,252 (21,465) (1,344) 52,913 627
Shares, Beginning Balance at Jun. 30, 2019   1,584              
Net income (loss) 1,917       1,908     1,908 9
Other comprehensive income (loss) 171           171 171  
Preferred stock dividends [5] (79)       (79)     (79)  
Common stock dividends (662)       (662)     (662)  
Issuance of common and treasury stock 28     (8)   36   28  
Issuance of common and treasury stock, shares   1              
Purchase of treasury stock (795)         (795)   (795)  
Purchase of treasury stock, shares   (14)              
Net other changes in noncontrolling interests (6)               (6)
Stock option and restricted stock grants 33     33       33  
Ending Balance at Sep. 30, 2019 $ 54,147 $ 21 $ 5,984 $ 8,490 $ 62,419 $ (22,224) $ (1,173) $ 53,517 $ 630
Shares, Ending Balance at Sep. 30, 2019   1,571              
[1] Reflects the adoption of new accounting guidance on January 1, 2018 to reclassify the impact of the reduced federal statutory rate for corporations included in 2017 tax reform legislation from accumulated other comprehensive income to retained earnings.
[2] Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series H, Series I, Series J and Series K Non-Cumulative Perpetual Preferred Stock of $2,654.166, $663.54, $1,218.75, $965.64, $640.625, $1,325.00 and $232.99, respectively.
[3] Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series H, Series J and Series K Non-Cumulative Perpetual Preferred Stock of $894.444, $223.61, $406.25, $321.88, $662.50 and $232.99, respectively.
[4] Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series H, Series I, Series J and Series K Non-Cumulative Perpetual Preferred Stock of $2,760.506, $663.54, $1,218.75, $965.64, $640.625, $1,325.00 and $1,031.25, respectively.
[5] Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series H, Series J and Series K Non-Cumulative Perpetual Preferred Stock of $894.444, $223.61, $406.25, $321.88, $662.50 and $343.75, respectively.