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Consolidated Statement of Shareholders' Equity - 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, 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) 1,708       1,699     1,699 9
Other comprehensive income (loss) 549           549 549  
Preferred stock dividends [1] (79)       (79)     (79)  
Common stock dividends (595)       (595)     (595)  
Issuance of common and treasury stock 15     (114)   129   15  
Issuance of common and treasury stock, shares   3              
Purchase of treasury stock (640)         (640)   (640)  
Purchase of treasury stock, shares   (12)              
Distributions to noncontrolling interests (8)               (8)
Stock option and restricted stock grants 77     77       77  
Shares, Ending Balance at Mar. 31, 2019   1,599              
Ending Balance at Mar. 31, 2019 52,686 $ 21 5,984 8,432 60,092 (20,699) (1,773) 52,057 629
Beginning Balance at Dec. 31, 2019 52,483 $ 21 5,984 8,475 63,186 (24,440) (1,373) 51,853 630
Shares, Beginning Balance at Dec. 31, 2019   1,534              
Change in accounting principle at Dec. 31, 2019 [2] (1,099)       (1,099)     (1,099)  
Net income (loss) 1,179       1,171     1,171 8
Other comprehensive income (loss) 1,876           1,876 1,876  
Preferred stock dividends [3] (78)       (78)     (78)  
Common stock dividends (636)       (636)     (636)  
Issuance of common and treasury stock 9     (108)   117   9  
Issuance of common and treasury stock, shares   3              
Purchase of treasury stock (1,649)         (1,649)   (1,649)  
Purchase of treasury stock, shares   (31)              
Distributions to noncontrolling interests (8)               (8)
Stock option and restricted stock grants 85     85       85  
Shares, Ending Balance at Mar. 31, 2020   1,506              
Ending Balance at Mar. 31, 2020 $ 52,162 $ 21 $ 5,984 $ 8,452 $ 62,544 $ (25,972) $ 503 $ 51,532 $ 630
[1] 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 $951.828, $218.75, $406.25, $321.88, $662.50 and $343.75, respectively.
[2] Effective January 1, 2020, the Company adopted accounting guidance which changed impairment recognition of financial instruments to a model that is based on expected losses rather than incurred losses. Upon adoption, the Company increased its allowance for credit losses and reduced retained earnings net of deferred tax liabilities through a cumulative-effect adjustment.
[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 $884.722, $221.18, $406.25, $321.88, $662.50 and $343.75, respectively.