Consolidated Statement of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Interest Income
Loans	$ 2,677	$ 2,949	$ 5,401	$ 6,260
Loans held for sale	55	52	122	96
Investment securities	618	630	1,135	1,322
Other interest income	32	41	65	110
Total interest income	3,382	3,672	6,723	7,788
Interest Expense
Deposits	82	194	167	719
Short-term borrowings	18	34	34	105
Long-term debt	145	244	322	541
Total interest expense	245	472	523	1,365
Net interest income	3,137	3,200	6,200	6,423
Provision for credit losses	(170)	1,737	(997)	2,730
Net interest income after provision for credit losses	3,307	1,463	7,197	3,693
Noninterest Income
Credit and debit card revenue	396	284	732	588
Corporate payment products revenue	138	101	264	246
Merchant processing services	374	266	692	603
Trust and investment management fees	446	434	890	861
Deposit service charges	176	133	337	342
Treasury management fees	160	137	307	280
Commercial products revenue	280	355	560	601
Mortgage banking revenue	346	648	645	1,043
Investment products fees	60	45	115	94
Securities gains (losses), net	43	81	68	131
Other	200	130	390	350
Total noninterest income	2,619	2,614	5,000	5,139
Noninterest Expense
Compensation	1,798	1,685	3,601	3,305
Employee benefits	337	314	721	666
Net occupancy and equipment	258	271	521	547
Professional services	108	106	206	205
Marketing and business development	90	67	138	141
Technology and communications	362	309	721	598
Postage, printing and supplies	65	72	134	144
Other intangibles	40	43	78	85
Other	329	451	646	943
Total noninterest expense	3,387	3,318	6,766	6,634
Income before income taxes	2,539	759	5,431	2,198
Applicable income taxes	551	64	1,158	324
Net income	1,988	695	4,273	1,874
Net (income) loss attributable to noncontrolling interests	(6)	(6)	(11)	(14)
Net income attributable to U.S. Bancorp	1,982	689	4,262	1,860
Net income applicable to U.S. Bancorp common shareholders	$ 1,914	$ 614	$ 4,089	$ 1,702
Earnings per common share	$ 1.29	$ 0.41	$ 2.73	$ 1.13
Diluted earnings per common share	$ 1.28	$ 0.41	$ 2.73	$ 1.12
Average common shares outstanding	1,489	1,506	1,495	1,512
Average diluted common shares outstanding	1,490	1,507	1,497	1,513