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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) 3,460         3,440       3,440   20
Other comprehensive income (loss) 1,985               1,985 1,985    
Preferred stock dividends [2] (229)         (229)       (229)    
Common stock dividends (1,907)         (1,907)       (1,907)    
Issuance of common and treasury stock 12       (118)     130   12    
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 (19)                     (19)
Net other changes in noncontrolling interests (1)                     (1)
Stock option and restricted stock grants 159       159         159    
Ending Balance at Sep. 30, 2020 53,195   $ 21 5,984 8,516 63,391   (25,959) 612 52,565   630
Shares, Ending Balance at Sep. 30, 2020     1,506                  
Beginning Balance at Jun. 30, 2020 52,480   $ 21 5,984 8,483 62,526   (25,962) 798 51,850   630
Shares, Beginning Balance at Jun. 30, 2020     1,506                  
Net income (loss) 1,586         1,580       1,580   6
Other comprehensive income (loss) (186)               (186) (186)    
Preferred stock dividends [3] (79)         (79)       (79)    
Common stock dividends (636)         (636)       (636)    
Issuance of common and treasury stock 2       (1)     3   2    
Distributions to noncontrolling interests (5)                     (5)
Net other changes in noncontrolling interests (1)                     (1)
Stock option and restricted stock grants 34       34         34    
Ending Balance at Sep. 30, 2020 53,195   $ 21 5,984 8,516 63,391   (25,959) 612 52,565   630
Shares, Ending Balance at Sep. 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) 6,307         6,290       6,290   17
Other comprehensive income (loss) (2,114)               (2,114) (2,114)    
Preferred stock dividends [4] (232)         (232)       (232)    
Common stock dividends (1,944)         (1,944)       (1,944)    
Issuance of preferred stock 730     730           730    
Issuance of common and treasury stock 39       (127)     166   39    
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 (16)                     (16)
Net other changes in noncontrolling interests 4                     4
Stock option and restricted stock grants 166       166         166    
Redemption of preferred stock (750)     (745)   (5)       (750)    
Ending Balance at Sep. 30, 2021 54,378   $ 21 5,968 8,550 68,297   (27,301) (1,792) 53,743   635
Shares, Ending Balance at Sep. 30, 2021     1,483                  
Beginning Balance at Jun. 30, 2021 53,674   $ 21 5,968 8,518 67,039   (27,305) (1,202) 53,039   635
Shares, Beginning Balance at Jun. 30, 2021     1,483                  
Net income (loss) 2,034         2,028       2,028   6
Other comprehensive income (loss) (590)               (590) (590)    
Preferred stock dividends [5] (84)         (84)       (84)    
Common stock dividends (686)         (686)       (686)    
Issuance of common and treasury stock 3       (1)     4   3    
Distributions to noncontrolling interests (5)                     (5)
Net other changes in noncontrolling interests (1)                     (1)
Stock option and restricted stock grants 33       33         33    
Ending Balance at Sep. 30, 2021 $ 54,378   $ 21 $ 5,968 $ 8,550 $ 68,297   $ (27,301) $ (1,792) $ 53,743   $ 635
Shares, Ending Balance at Sep. 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 $2,663.888, $665.97, $1,218.75, $965.64, $640.625, $1,325.00 and $1,031.25, respectively.
[3] 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 $894.444, $223.61, $406.25, $321.88, $662.50 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 $2,654.166, $663.542, $1,218.75, $232.953, $1,325.00, $1,031.25, $703.125 and $702.778, respectively.
[5] Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series J, Series K, Series L and Series M Non-Cumulative Perpetual Preferred Stock of $894.444, $223.611, $406.25, $662.50, $343.75, $234.375 and $250.00, respectively.