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Consolidated Statement of Shareholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment [Member]
Common Stock [Member]
Preferred Stock [Member]
Capital Surplus [Member]
Retained Earnings [Member]
Retained Earnings [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
Treasury Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Total U.S. Bancorp Shareholders' Equity [Member]
Total U.S. Bancorp Shareholders' Equity [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
Noncontrolling Interests [Member]
Beginning Balance at Dec. 31, 2018 $ 51,657 $ 2 $ 21 $ 5,984 $ 8,469 $ 59,065 $ 2 $ (20,188) $ (2,322) $ 51,029 $ 2 $ 628
Shares, Beginning Balance at Dec. 31, 2018     1,608                  
Net income (loss) 3,536         3,520       3,520   16
Other comprehensive income (loss) 978               978 978    
Preferred stock dividends [1] (151)         (151)       (151)    
Common stock dividends (1,184)         (1,184)       (1,184)    
Issuance of common and treasury stock 24       (119)     143   24    
Issuance of common and treasury stock, shares     3                  
Purchase of treasury stock (1,420)             (1,420)   (1,420)    
Purchase of treasury stock, shares     (27)                  
Distributions to noncontrolling interests (16)                     (16)
Net other changes in noncontrolling interests (1)                     (1)
Stock option and restricted stock grants 115       115         115    
Shares, Ending Balance at Jun. 30, 2019     1,584                  
Ending Balance at Jun. 30, 2019 53,540   $ 21 5,984 8,465 61,252   (21,465) (1,344) 52,913   627
Beginning Balance at Mar. 31, 2019 52,686   $ 21 5,984 8,432 60,092   (20,699) (1,773) 52,057   629
Shares, Beginning Balance at Mar. 31, 2019     1,599                  
Net income (loss) 1,828         1,821       1,821   7
Other comprehensive income (loss) 429               429 429    
Preferred stock dividends [2] (72)         (72)       (72)    
Common stock dividends (589)         (589)       (589)    
Issuance of common and treasury stock 9       (5)     14   9    
Purchase of treasury stock (780)             (780)   (780)    
Purchase of treasury stock, shares     (15)                  
Distributions to noncontrolling interests (8)                     (8)
Net other changes in noncontrolling interests (1)                     (1)
Stock option and restricted stock grants 38       38         38    
Shares, Ending Balance at Jun. 30, 2019     1,584                  
Ending Balance at Jun. 30, 2019 53,540   $ 21 5,984 8,465 61,252   (21,465) (1,344) 52,913   627
Beginning Balance at Dec. 31, 2019 52,483 $ (1,099) [3] $ 21 5,984 8,475 63,186 $ (1,099) [3] (24,440) (1,373) 51,853 $ (1,099) [3] 630
Shares, Beginning Balance at Dec. 31, 2019     1,534                  
Net income (loss) 1,874         1,860       1,860   14
Other comprehensive income (loss) 2,171               2,171 2,171    
Preferred stock dividends [4] (150)         (150)       (150)    
Common stock dividends (1,271)         (1,271)       (1,271)    
Issuance of common and treasury stock 10       (117)     127   10    
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 (14)                     (14)
Stock option and restricted stock grants 125       125         125    
Shares, Ending Balance at Jun. 30, 2020     1,506                  
Ending Balance at Jun. 30, 2020 52,480   $ 21 5,984 8,483 62,526   (25,962) 798 51,850   630
Beginning Balance at Mar. 31, 2020 52,162   $ 21 5,984 8,452 62,544   (25,972) 503 51,532   630
Shares, Beginning Balance at Mar. 31, 2020     1,506                  
Net income (loss) 695         689       689   6
Other comprehensive income (loss) 295               295 295    
Preferred stock dividends [5] (72)         (72)       (72)    
Common stock dividends (635)         (635)       (635)    
Issuance of common and treasury stock 1       (9)     10   1    
Distributions to noncontrolling interests (6)                     (6)
Stock option and restricted stock grants 40       40         40    
Shares, Ending Balance at Jun. 30, 2020     1,506                  
Ending Balance at Jun. 30, 2020 $ 52,480   $ 21 $ 5,984 $ 8,483 $ 62,526   $ (25,962) $ 798 $ 51,850   $ 630
[1] 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 $1,866.062, $439.93, $812.50, $643.76, $640.625, $662.50 and $687.50, respectively.
[2] Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series H, Series I and Series K Non-Cumulative Perpetual Preferred Stock of $914.234, $221.18, $406.25, $321.88, $640.625 and $343.75, respectively.
[3] 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.
[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 $1,769.444, $442.36, $812.50, $643.76, $640.625, $662.50 and $687.50, respectively.
[5] Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series H, Series I and Series K Non-Cumulative Perpetual Preferred Stock of $884.722, $221.18, $406.25, $321.88, $640.625 and $343.75, respectively.