Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2019

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		2019		2018
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		1,000
		Fixed		3.000	%		2029		1,000		–
Medium-term notes		Fixed		.850% - 4.125	%		2021 - 2028		13,820		12,345
		Floating		2.576	%		2022		250		500
Other(b)									33		(53	)
Subtotal									18,602		16,291
Subsidiaries
Federal Home Loan Bank advances		Fixed		1.250% - 8.250	%		2020 - 2026		1,106		307
		Floating		2.165% - 2.461	%		2022 - 2026		3,272		4,272
Bank notes		Fixed		1.950% - 3.450	%		2020 - 2025		9,550		11,600
		Floating		.600% - 2.350	%		2020 - 2059		6,789		7,864
Other(c)									848		1,006
Subtotal									21,565		25,049
Total								$	40,167	$	41,340

(a) Weighted-average interest rates of medium-term notes, Federal Home Loan Bank advances and bank notes were 2.87 percent, 2.42 percent and 2.54 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, finance 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, 2019, were:

(Dollars in Millions)	Parent Company		Consolidated
2020	$	–	$	3,772
2021		2,696		9,430
2022		3,790		6,298
2023		–		2,799
2024		5,657		5,663
Thereafter		6,459		12,205
Total	$	18,602	$	40,167