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Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Summary of Long-term Debt Long-term debt (debt with original maturities of more than one year) at December 31 consisted of the following:

(Dollars in Millions)        Rate
Type		        Rate
(a)
      Maturity Date        2021        2020  
           
U.S. Bancorp (Parent Company)
 
                                                     
Subordinated notes
 
        Fixed          2.950 %       2022        $ 1,300        $ 1,300  
                 Fixed          3.600 %       2024          1,000          1,000  
                 Fixed          7.500 %       2026          199          199  
                 Fixed          3.100 %       2026          1,000          1,000  
                 Fixed          3.000 %       2029          1,000          1,000  
                 Fixed          2.491 %       2036          1,300          –  
Medium-term notes
 
        Fixed         
.850% - 3.950
 %      
2022 - 2030
          12,631          15,492  
                 Floating          .855 %       202
1
          –          250  
Other
(b)
                                               472          683  
   
 
 
                                      
 
 
  
Subtotal
                                               18,902          20,924  
             
Subsidiaries
                                                             
Federal Home Loan Bank advances
 
        Fixed         
6.440% - 8.250
 %      
2023 - 2026
          2          1,003  
                 Floating
(d)
 
       
.384% - .710
 %      
2022 - 2026
          3,272          3,272  
Bank notes
 
        Fixed         
 
1.950% - 3.400
 %      
2022 - 2025
          5,700          9,100  
                 Floating
(d)
 
       
– % - .604
 %      
2022 - 2059
          3,337          5,888  
Other
(c)
                                               912          1,110  
   
 
 
                                      
 
 
  
Subtotal
                                               13,223          20,373  
   
 
 
                                      
 
 
  
Total
  
 
 
 
     
 
 
 
     
 
 
 
   
 
 
 
      $ 32,125        $ 41,297  
(a)
Weighted-average interest rates of medium-term notes, Federal Home Loan Bank advances and bank notes were 2.51 percent, .65 percent and 1.80 percent, respectively.
(b)
Includes debt issuance fees and unrealized gains and losses and deferred amounts relating to derivative instruments.
(c)
Includes consolidated community development and
tax-advantaged
investment VIEs, finance lease obligations, debt issuance fees, and unrealized gains and losses and deferred amounts relating to derivative instruments.
(d)
Includes $3.3 billion of Federal Home Loan Bank advances and $2.3 billion of bank notes, whose interest is calculated by reference to LIBOR. The outstanding debt contains fallback provisions in the event that LIBOR is no longer published or quoted, but these fallback provisions have not yet been utilized.
Maturities of Long-term Debt Outstanding
Maturities of long-term debt outstanding at December 31, 2021, were:
 
(Dollars in Millions)   Parent
Company		        Consolidated  
2022
   $ 2,311        $ 4,834  
2023
     –          3,847  
2024
     5,740          5,768  
2025
     2,240          5,804  
2026
     2,685          4,200  
Thereafter
     5,926          7,672  
   
 
 
  
Total
   $ 18,902        $ 32,125