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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) 1,874         1,860       1,860   14
Other comprehensive income (loss) 2,171               2,171 2,171    
Preferred stock dividends [2] (150)         (150)       (150)    
Common stock dividends (1,271)         (1,271)       (1,271)    
Issuance of common and treasury stock 10       (117)     127   10    
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 (14)                     (14)
Stock option and restricted stock grants 125       125         125    
Ending Balance at Jun. 30, 2020 52,480   $ 21 5,984 8,483 62,526   (25,962) 798 51,850   630
Shares, Ending Balance at Jun. 30, 2020     1,506                  
Beginning Balance at Mar. 31, 2020 52,162   $ 21 5,984 8,452 62,544   (25,972) 503 51,532   630
Shares, Beginning Balance at Mar. 31, 2020     1,506                  
Net income (loss) 695         689       689   6
Other comprehensive income (loss) 295               295 295    
Preferred stock dividends [3] (72)         (72)       (72)    
Common stock dividends (635)         (635)       (635)    
Issuance of common and treasury stock 1       (9)     10   1    
Distributions to noncontrolling interests (6)                     (6)
Stock option and restricted stock grants 40       40         40    
Ending Balance at Jun. 30, 2020 52,480   $ 21 5,984 8,483 62,526   (25,962) 798 51,850   630
Shares, Ending Balance at Jun. 30, 2020     1,506                  
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) 4,273         4,262       4,262   11
Other comprehensive income (loss) (1,524)               (1,524) (1,524)    
Preferred stock dividends [4] (148)         (148)       (148)    
Common stock dividends (1,258)         (1,258)       (1,258)    
Issuance of preferred stock 730     730           730    
Issuance of common and treasury stock 36       (126)     162   36    
Issuance of common and treasury stock, shares     4                  
Purchase of treasury stock (1,537)             (1,537)   (1,537)    
Purchase of treasury stock, shares     (28)                  
Distributions to noncontrolling interests (11)                     (11)
Net other changes in noncontrolling interests 5                     5
Stock option and restricted stock grants 133       133         133    
Redemption of preferred stock (750)     (745)   (5)       (750)    
Ending Balance at Jun. 30, 2021 53,674   $ 21 5,968 8,518 67,039   (27,305) (1,202) 53,039   635
Shares, Ending Balance at Jun. 30, 2021     1,483                  
Beginning Balance at Mar. 31, 2021 52,308   $ 21 5,968 8,487 65,740   (26,443) (2,095) 51,678   630
Shares, Beginning Balance at Mar. 31, 2021     1,497                  
Net income (loss) 1,988         1,982       1,982   6
Other comprehensive income (loss) 893               893 893    
Preferred stock dividends [5] (58)         (58)       (58)    
Common stock dividends (625)         (625)       (625)    
Issuance of common and treasury stock 18       (7)     25   18    
Issuance of common and treasury stock, shares     1                  
Purchase of treasury stock (887)             (887)   (887)    
Purchase of treasury stock, shares     (15)                  
Distributions to noncontrolling interests (6)                     (6)
Net other changes in noncontrolling interests 5                     5
Stock option and restricted stock grants 38       38         38    
Ending Balance at Jun. 30, 2021 $ 53,674   $ 21 $ 5,968 $ 8,518 $ 67,039   $ (27,305) $ (1,202) $ 53,039   $ 635
Shares, Ending Balance at Jun. 30, 2021     1,483                  
[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 tax liabilities through a cumulative-effect adjustment.
[2] 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 $1,769.444, $442.36, $812.50, $643.76, $640.625, $662.50 and $687.50, respectively.
[3] Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series H, Series I and Series K Non-Cumulative Perpetual Preferred Stock of $884.722, $221.18, $406.25, $321.88, $640.625 and $343.75, respectively.
[4] 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 $1,759.722, $439.931, $812.50, $232.953, $662.50, $687.50, $468.75 and $452.778 respectively.
[5] Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series K, Series L and Series M Non-Cumulative Perpetual Preferred Stock of $884.722, $221.181, $406.25, $343.75, $234.375 and $250.00 respectively.