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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities    
Net income attributable to U.S. Bancorp $ 3,440 $ 5,428
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for credit losses 3,365 1,109
Depreciation and amortization of premises and equipment 264 248
Amortization of intangibles 129 124
(Gain) loss on sale of loans held for sale (1,613) (504)
(Gain) loss on sale of securities and other assets (274) (351)
Loans originated for sale, net of repayments (46,456) (24,795)
Proceeds from sales of loans held for sale 45,469 23,146
Other, net 461 546
Net cash provided by operating activities 4,785 4,951
Investing Activities    
Proceeds from sales of available-for-sale investment securities 13,920 5,776
Proceeds from maturities of held-to-maturity investment securities   6,256
Proceeds from maturities of available-for-sale investment securities 24,992 7,885
Purchases of held-to-maturity investment securities   (6,701)
Purchases of available-for-sale investment securities (48,481) (20,383)
Net increase in loans outstanding (3,915) (8,411)
Proceeds from sales of loans 1,429 1,604
Purchases of loans (9,561) (2,818)
Net decrease (increase) in securities purchased under agreements to resell 732 (3,687)
Other, net (966) (892)
Net cash used in investing activities (21,850) (21,371)
Financing Activities    
Net increase in deposits 51,301 14,240
Net (decrease) increase in short-term borrowings (10,000) 440
Proceeds from issuance of long-term debt 14,282 7,968
Principal payments or redemption of long-term debt (13,088) (8,225)
Proceeds from issuance of common stock 11 51
Repurchase of common stock (1,660) (2,232)
Cash dividends paid on preferred stock (222) (223)
Cash dividends paid on common stock (1,917) (1,780)
Net cash provided by financing activities 38,707 10,239
Change in cash and due from banks 21,642 (6,181)
Cash and due from banks at beginning of period 22,405 21,453
Cash and due from banks at end of period $ 44,047 $ 15,272