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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating Activities    
Net income attributable to U.S. Bancorp $ 4,262 $ 1,860
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for credit losses (997) 2,730
Depreciation and amortization of premises and equipment 168 175
Amortization of intangibles 78 85
(Gain) loss on sale of loans held for sale (584) (867)
(Gain) loss on sale of securities and other assets (192) (227)
Loans originated for sale, net of repayments (37,211) (26,821)
Proceeds from sales of loans held for sale 39,789 24,935
Other, net 1,207 (369)
Net cash provided by operating activities 6,520 1,501
Investing Activities    
Proceeds from sales of available-for-sale investment securities 5,567 13,366
Proceeds from maturities of available-for-sale investment securities 23,685 13,945
Purchases of available-for-sale investment securities (54,911) (30,561)
Net decrease (increase) in loans outstanding 727 (14,245)
Proceeds from sales of loans 2,386 1,014
Purchases of loans (2,574) (1,743)
Net decrease in securities purchased under agreements to resell 131 627
Other, net (367) (398)
Net cash used in investing activities (25,356) (17,995)
Financing Activities    
Net increase in deposits 7,412 51,390
Net increase (decrease) in short-term borrowings 1,647 (3,128)
Proceeds from issuance of long-term debt 1,152 12,801
Principal payments or redemption of long-term debt (5,928) (11,500)
Proceeds from issuance of preferred stock 730  
Proceeds from issuance of common stock 36 10
Repurchase of preferred stock (1,250)  
Repurchase of common stock (1,537) (1,660)
Cash dividends paid on preferred stock (165) (150)
Cash dividends paid on common stock (1,268) (1,282)
Net cash provided by financing activities 829 46,481
Change in cash and due from banks (18,007) 29,987
Cash and due from banks at beginning of period 62,580 22,405
Cash and due from banks at end of period $ 44,573 $ 52,392