XML 25 R8.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities      
Net income attributable to U.S. Bancorp $ 7,963 $ 4,959 $ 6,914
Adjustments to reconcile net income to net cash provided by operating activities      
Provision for credit losses (1,173) 3,806 1,504
Depreciation and amortization of premises and equipment 338 351 334
Amortization of intangibles 159 176 168
(Gain) loss on sale of loans held for sale (1,135) (2,193) (762)
(Gain) loss on sale of securities and other assets (398) (344) (469)
Loans originated for sale, net of repayments (72,627) (67,449) (36,561)
Proceeds from sales of loans held for sale 74,315 65,468 33,303
Other, net 2,428 (1,058) 458
Net cash provided by operating activities 9,870 3,716 4,889
Investing Activities      
Proceeds from sales of available-for-sale investment securities 16,075 15,596 11,252
Proceeds from maturities of held-to-maturity investment securities 1,093   9,137
Proceeds from maturities of available-for-sale investment securities 41,199 40,639 11,454
Purchases of held-to-maturity investment securities (1,088)   (6,701)
Purchases of available-for-sale investment securities (99,045) (68,662) (33,814)
Net increase (decrease) in loans outstanding (17,459) 6,350 (9,871)
Proceeds from sales of loans 6,183 2,250 2,899
Purchases of loans (4,466) (11,622) (3,805)
Net decrease (increase) in securities purchased under agreements to resell 18 645 (816)
Other, net 3 (636) (1,295)
Net cash used in investing activities (57,487) (15,440) (21,560)
Financing Activities      
Net increase in deposits 26,313 67,854 16,441
Net increase (decrease) in short-term borrowings 30 (11,957) 9,584
Proceeds from issuance of long-term debt 2,626 14,501 9,899
Principal payments or redemption of long-term debt (11,432) (14,476) (11,119)
Proceeds from issuance of preferred stock 2,221 486  
Proceeds from issuance of common stock 43 15 88
Repurchase of preferred stock (1,250)    
Repurchase of common stock (1,555) (1,672) (4,525)
Cash dividends paid on preferred stock (308) (300) (302)
Cash dividends paid on common stock (2,579) (2,552) (2,443)
Purchase of noncontrolling interests (167)    
Net cash provided by financing activities 13,942 51,899 17,623
Change in cash and due from banks (33,675) 40,175 952
Cash and due from banks at beginning of period 62,580 22,405 21,453
Cash and due from banks at end of period 28,905 62,580 22,405
Supplemental Cash Flow Disclosures      
Cash paid for income taxes 535 1,025 941
Cash paid for interest 1,061 2,199 4,404
Noncash transfer of held-to-maturity investment securities to available-for-sale     43,596
Noncash transfer of available-for-sale investment securities to held-to-maturity 41,823    
Net noncash transfers to foreclosed property 14 23 60
Assets (sold) acquired 749 828 407
Liabilities sold (assumed) (88) (272) 36
Net $ 661 $ 556 $ 443