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Consolidated Statement of Shareholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment [Member]
Common Stock [Member]
Preferred Stock [Member]
Capital Surplus [Member]
Retained Earnings [Member]
Retained Earnings [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
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]
Noncontrolling Interests [Member]
Beginning Balance at Dec. 31, 2018 $ 51,657 $ 2 $ 21 $ 5,984 $ 8,469 $ 59,065 $ 2 $ (20,188) $ (2,322) $ 51,029 $ 2 $ 628
Shares, Beginning Balance at Dec. 31, 2018     1,608                  
Net income (loss) 6,946         6,914       6,914   32
Other comprehensive income (loss) 949               949 949    
Preferred stock dividends [1] (302)         (302)       (302)    
Common stock dividends (2,493)         (2,493)       (2,493)    
Issuance of common and treasury stock 89       (174)     263   89    
Issuance of common and treasury stock, shares     7                  
Purchase of treasury stock $ (4,515)             (4,515)   (4,515)    
Purchase of treasury stock, shares (81)   (81)                  
Distributions to noncontrolling interests $ (31)                     (31)
Net other changes in noncontrolling interests 1                     1
Stock option and restricted stock grants 180       180         180    
Shares, Ending Balance at Dec. 31, 2019     1,534                  
Ending Balance at Dec. 31, 2019 52,483 $ (1,099) [2] $ 21 5,984 8,475 63,186 $ (1,099) [2] (24,440) (1,373) 51,853 $ (1,099) [2] 630
Net income (loss) 4,985         4,959       4,959   26
Other comprehensive income (loss) 1,695               1,695 1,695    
Preferred stock dividends [3] (304)         (304)       (304)    
Common stock dividends (2,541)         (2,541)       (2,541)    
Issuance of preferred stock 486     486           486    
Call and redemption of preferred stock (500)     (487)   (13)       (500)    
Issuance of common and treasury stock 17       (154)     171   17    
Issuance of common and treasury stock, shares     4                  
Purchase of treasury stock $ (1,661)             (1,661)   (1,661)    
Purchase of treasury stock, shares (31)   (31)                  
Distributions to noncontrolling interests $ (25)                     (25)
Net other changes in noncontrolling interests (1)                     (1)
Stock option and restricted stock grants $ 190       190         190    
Shares, Ending Balance at Dec. 31, 2020 1,500   1,507                  
Ending Balance at Dec. 31, 2020 $ 53,725   $ 21 5,983 8,511 64,188   (25,930) 322 53,095   630
Net income (loss) 7,985         7,963       7,963   22
Other comprehensive income (loss) (2,265)               (2,265) (2,265)    
Preferred stock dividends [4] (303)         (303)       (303)    
Common stock dividends (2,630)         (2,630)       (2,630)    
Issuance of preferred stock 2,221     2,221           2,221    
Call and redemption of preferred stock (1,850)     (1,833)   (17)       (1,850)    
Issuance of common and treasury stock 46       (169)     215   46    
Issuance of common and treasury stock, shares     5                  
Purchase of treasury stock $ (1,556)             (1,556)   (1,556)    
Purchase of treasury stock, shares (28)   (28)                  
Distributions to noncontrolling interests $ (20)                     (20)
Purchase of noncontrolling interests (167)                     (167)
Net other changes in noncontrolling interests 4                     4
Stock option and restricted stock grants $ 197       197         197    
Shares, Ending Balance at Dec. 31, 2021 1,500   1,484                  
Ending Balance at Dec. 31, 2021 $ 55,387   $ 21 $ 6,371 $ 8,539 $ 69,201   $ (27,271) $ (1,943) $ 54,918   $ 469
[1] 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 $3,654.95, $887.15, $1,625.00, $1,287.52, $1,281.25, $1,325.00 and $1,375.00, respectively.
[2] 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 taxes through a cumulative-effect adjustment.
[3] Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series H, Series I, Series J, Series K and Series L Non-Cumulative Perpetual Preferred Stock of $3,558.332, $889.58, $1,625.00, $1,287.52, $1,281.25, $1,325.00, $1,375.00 and $203.13, 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, Series M and Series N Non-Cumulative Perpetual Preferred Stock of $3,548.61, $887.153, $1,625.00, $232.953, $1,325.00, $1,375.00, $937.50, $952.778 and $202.986, respectively.