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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities    
Net income attributable to U.S. Bancorp $ 1,171 $ 1,699
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for credit losses 993 377
Depreciation and amortization of premises and equipment 87 80
Amortization of intangibles 42 40
(Gain) loss on sale of loans held for sale (303) (105)
(Gain) loss on sale of securities and other assets (120) (100)
Loans originated for sale in the secondary market, net of repayments (10,882) (6,028)
Proceeds from sales of loans held for sale 12,032 5,404
Other, net (666) (71)
Net cash provided by operating activities 2,354 1,296
Investing Activities    
Proceeds from sales of available-for-sale investment securities 9,916 99
Proceeds from maturities of held-to-maturity investment securities   1,569
Proceeds from maturities of available-for-sale investment securities 5,649 1,865
Purchases of held-to-maturity investment securities   (1,817)
Purchases of available-for-sale investment securities (14,937) (3,194)
Net increase in loans outstanding (22,272) (1,073)
Proceeds from sales of loans 575 550
Purchases of loans (893) (780)
Net decrease (increase) in securities purchased under agreements to resell 788 (3,661)
Other, net (1,085) (102)
Net cash used in investing activities (22,259) (6,544)
Financing Activities    
Net increase in deposits 32,938 2,612
Net increase in short-term borrowings 2,621 1,257
Proceeds from issuance of long-term debt 11,271 3,000
Principal payments or redemption of long-term debt (156) (3,657)
Proceeds from issuance of common stock 9 15
Repurchase of common stock (1,660) (648)
Cash dividends paid on preferred stock (71) (72)
Cash dividends paid on common stock (647) (597)
Net cash provided by financing activities 44,305 1,910
Change in cash and due from banks 24,400 (3,338)
Cash and due from banks at beginning of period 22,405 [1] 21,453
Cash and due from banks at end of period $ 46,805 [1] $ 18,115
[1] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.