Consolidated Statement of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Interest Income
Loans	$ 2,892	$ 3,555	$ 9,152	$ 10,677
Loans held for sale	61	48	157	107
Investment securities	586	734	1,908	2,184
Other interest income	34	100	144	271
Total interest income	3,573	4,437	11,361	13,239
Interest Expense
Deposits	130	744	849	2,201
Short-term borrowings	19	97	124	281
Long-term debt	197	315	738	912
Total interest expense	346	1,156	1,711	3,394
Net interest income	3,227	3,281	9,650	9,845
Provision for credit losses	635	367	3,365	1,109
Net interest income after provision for credit losses	2,592	2,914	6,285	8,736
Noninterest Income
Credit and debit card revenue	388	366	976	1,035
Corporate payment products revenue	125	177	371	506
Merchant processing services	347	410	950	1,192
Trust and investment management fees	434	421	1,295	1,235
Deposit service charges	170	234	512	678
Treasury management fees	145	139	425	438
Commercial products revenue	303	240	904	708
Mortgage banking revenue	553	272	1,596	630
Investment products fees	48	46	142	138
Securities gains (losses), net	12	25	143	47
Other	187	284	537	788
Total noninterest income	2,712	2,614	7,851	7,395
Noninterest Expense
Compensation	1,687	1,595	4,992	4,728
Employee benefits	335	324	1,001	971
Net occupancy and equipment	276	279	823	837
Professional services	102	114	307	315
Marketing and business development	72	109	213	309
Technology and communications	334	277	932	804
Postage, printing and supplies	70	74	214	219
Other intangibles	44	42	129	124
Other	451	330	1,394	1,077
Total noninterest expense	3,371	3,144	10,005	9,384
Income before income taxes	1,933	2,384	4,131	6,747
Applicable income taxes	347	467	671	1,294
Net income (loss)	1,586	1,917	3,460	5,453
Net (income) loss attributable to noncontrolling interests	(6)	(9)	(20)	(25)
Net income (loss) attributable to U.S. Bancorp	1,580	1,908	3,440	5,428
Net income applicable to U.S. Bancorp common shareholders	$ 1,494	$ 1,821	$ 3,196	$ 5,175
Earnings per common share	$ 0.99	$ 1.16	$ 2.12	$ 3.26
Diluted earnings per common share	$ 0.99	$ 1.15	$ 2.11	$ 3.25
Average common shares outstanding	1,506	1,575	1,510	1,589
Average diluted common shares outstanding	1,507	1,578	1,511	1,592