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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) 5,453         5,428       5,428   25
Other comprehensive income (loss) 1,149               1,149 1,149    
Preferred stock dividends [1] (230)         (230)       (230)    
Common stock dividends (1,846)         (1,846)       (1,846)    
Issuance of common and treasury stock 52       (127)     179   52    
Issuance of common and treasury stock, shares     4                  
Purchase of treasury stock (2,215)             (2,215)   (2,215)    
Purchase of treasury stock, shares     (41)                  
Distributions to noncontrolling interests (16)                     (16)
Net other changes in noncontrolling interests (7)                     (7)
Stock option and restricted stock grants 148       148         148    
Shares, Ending Balance at Sep. 30, 2019     1,571                  
Ending Balance at Sep. 30, 2019 54,147   $ 21 5,984 8,490 62,419   (22,224) (1,173) 53,517   630
Beginning Balance at Jun. 30, 2019 53,540   $ 21 5,984 8,465 61,252   (21,465) (1,344) 52,913   627
Shares, Beginning Balance at Jun. 30, 2019     1,584                  
Net income (loss) 1,917         1,908       1,908   9
Other comprehensive income (loss) 171               171 171    
Preferred stock dividends [2] (79)         (79)       (79)    
Common stock dividends (662)         (662)       (662)    
Issuance of common and treasury stock 28       (8)     36   28    
Issuance of common and treasury stock, shares     1                  
Purchase of treasury stock (795)             (795)   (795)    
Purchase of treasury stock, shares     (14)                  
Net other changes in noncontrolling interests (6)                     (6)
Stock option and restricted stock grants 33       33         33    
Shares, Ending Balance at Sep. 30, 2019     1,571                  
Ending Balance at Sep. 30, 2019 54,147   $ 21 5,984 8,490 62,419   (22,224) (1,173) 53,517   630
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) 3,460         3,440       3,440   20
Other comprehensive income (loss) 1,985               1,985 1,985    
Preferred stock dividends [4] (229)         (229)       (229)    
Common stock dividends (1,907)         (1,907)       (1,907)    
Issuance of common and treasury stock 12       (118)     130   12    
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 (19)                     (19)
Net other changes in noncontrolling interests (1)                     (1)
Stock option and restricted stock grants 159       159         159    
Shares, Ending Balance at Sep. 30, 2020     1,506                  
Ending Balance at Sep. 30, 2020 53,195   $ 21 5,984 8,516 63,391   (25,959) 612 52,565   630
Beginning Balance at Jun. 30, 2020 52,480   $ 21 5,984 8,483 62,526   (25,962) 798 51,850   630
Shares, Beginning Balance at Jun. 30, 2020     1,506                  
Net income (loss) 1,586         1,580       1,580   6
Other comprehensive income (loss) (186)               (186) (186)    
Preferred stock dividends [2] (79)         (79)       (79)    
Common stock dividends (636)         (636)       (636)    
Issuance of common and treasury stock 2       (1)     3   2    
Distributions to noncontrolling interests (5)                     (5)
Net other changes in noncontrolling interests (1)                     (1)
Stock option and restricted stock grants 34       34         34    
Shares, Ending Balance at Sep. 30, 2020     1,506                  
Ending Balance at Sep. 30, 2020 $ 53,195   $ 21 $ 5,984 $ 8,516 $ 63,391   $ (25,959) $ 612 $ 52,565   $ 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 $2,760.506, $663.54, $1,218.75, $965.64, $640.625, $1,325.00 and $1,031.25, respectively.
[2] 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 $894.444, $223.61, $406.25, $321.88, $662.50 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 $2,663.888, $665.97, $1,218.75, $965.64, $640.625, $1,325.00 and $1,031.25, respectively.