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Consolidated Statement of Shareholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment [Member]
[1]
Common Stock [Member]
Preferred Stock [Member]
Capital Surplus [Member]
Retained Earnings [Member]
Retained Earnings [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
[1]
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]
[1]
Noncontrolling Interests [Member]
Beginning Balance at Dec. 31, 2019 $ 52,483 $ (1,099) $ 21 $ 5,984 $ 8,475 $ 63,186 $ (1,099) $ (24,440) $ (1,373) $ 51,853 $ (1,099) $ 630
Shares, Beginning Balance at Dec. 31, 2019     1,534                  
Net income (loss) 1,179         1,171       1,171   8
Other comprehensive income (loss) 1,876               1,876 1,876    
Preferred stock dividends [2] (78)         (78)       (78)    
Common stock dividends (636)         (636)       (636)    
Issuance of common and treasury stock 9       (108)     117   9    
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 (8)                     (8)
Stock option and restricted stock grants 85       85         85    
Shares, Ending Balance at Mar. 31, 2020     1,506                  
Ending Balance at Mar. 31, 2020 52,162   $ 21 5,984 8,452 62,544   (25,972) 503 51,532   630
Beginning Balance at Dec. 31, 2020 53,725   $ 21 5,983 8,511 64,188   (25,930) 322 53,095   630
Shares, Beginning Balance at Dec. 31, 2020     1,507                  
Net income (loss) 2,285         2,280       2,280   5
Other comprehensive income (loss) (2,417)               (2,417) (2,417)    
Preferred stock dividends [3] (90)         (90)       (90)    
Common stock dividends (633)         (633)       (633)    
Issuance of preferred stock 730     730           730    
Call of preferred stock (750)     (745)   (5)       (750)    
Issuance of common and treasury stock 18       (119)     137   18    
Issuance of common and treasury stock, shares     3                  
Purchase of treasury stock (650)             (650)   (650)    
Purchase of treasury stock, shares     (13)                  
Distributions to noncontrolling interests (5)                     (5)
Stock option and restricted stock grants 95       95         95    
Shares, Ending Balance at Mar. 31, 2021     1,497                  
Ending Balance at Mar. 31, 2021 $ 52,308   $ 21 $ 5,968 $ 8,487 $ 65,740   $ (26,443) $ (2,095) $ 51,678   $ 630
[1] 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 taxes through a cumulative-effect adjustment.
[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 $884.722, $221.18, $406.25, $321.88, $662.50 and $343.75, respectively.
[3] Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series I, Series J, Series K, Series L and Series M Non-Cumulative Perpetual Preferred Stock of $875.00, $218.75, $406.25, $232.953, $662.50, $343.75, $234.375, and $202.778 respectively.