Consolidated Statement of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Interest Income
Loans	$ 2,724	$ 3,311
Loans held for sale	67	44
Investment securities	517	692
Other interest income	33	69
Total interest income	3,341	4,116
Interest Expense
Deposits	85	525
Short-term borrowings	16	71
Long-term debt	177	297
Total interest expense	278	893
Net interest income	3,063	3,223
Provision for credit losses	(827)	993
Net interest income after provision for credit losses	3,890	2,230
Noninterest Income
Credit and debit card revenue	336	304
Corporate payment products revenue	126	145
Merchant processing services	318	337
Trust and investment management fees	444	427
Deposit service charges	161	209
Treasury management fees	147	143
Commercial products revenue	280	246
Mortgage banking revenue	299	395
Investment products fees	55	49
Securities gains (losses), net	25	50
Other	190	220
Total noninterest income	2,381	2,525
Noninterest Expense
Compensation	1,803	1,620
Employee benefits	384	352
Net occupancy and equipment	263	276
Professional services	98	99
Marketing and business development	48	74
Technology and communications	359	289
Postage, printing and supplies	69	72
Other intangibles	38	42
Other	317	492
Total noninterest expense	3,379	3,316
Income before income taxes	2,892	1,439
Applicable income taxes	607	260
Net income	2,285	1,179
Net (income) loss attributable to noncontrolling interests	(5)	(8)
Net income attributable to U.S. Bancorp	2,280	1,171
Net income applicable to U.S. Bancorp common shareholders	$ 2,175	$ 1,088
Earnings per common share	$ 1.45	$ 0.72
Diluted earnings per common share	$ 1.45	$ 0.72
Average common shares outstanding	1,502	1,518
Average diluted common shares outstanding	1,503	1,519