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Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 44,303 $ 28,905
Held-to-maturity (fair value $40,572 and $41,812, respectively) 43,654 [1] 41,858
Available-for-sale ($855 and $557 pledged as collateral, respectively) 123,593 [1] 132,963
Loans held for sale (including $2,203 and $6,623 of mortgage loans carried at fair value, respectively) 3,321 7,775
Loans    
Total loans 318,934 312,028
Less allowance for loan losses (5,664) (5,724)
Net loans 313,270 306,304
Premises and equipment 3,207 3,305
Goodwill 10,250 10,262
Other intangible assets 4,194 3,738
Other assets (including $1,111 and $1,193 of trading securities at fair value pledged as collateral, respectively) [2] 40,725 38,174
Total assets 586,517 573,284
Deposits    
Noninterest-bearing 129,793 134,901
Interest-bearing 331,753 321,182
Total deposits 461,546 456,083
Short-term borrowings 21,042 11,796
Long-term debt 32,931 32,125
Other liabilities 19,330 17,893
Total liabilities 534,849 517,897
Shareholders' equity    
Preferred stock 6,808 6,371
Common stock, par value $0.01 a share—authorized: 4,000,000,000 shares; issued: 3/31/22 and 12/31/21—2,125,725,742 shares 21 21
Capital surplus 8,515 8,539
Retained earnings 69,987 69,201
Less cost of common stock in treasury: 3/31/22 - 640,053,754 shares; 12/31/21—642,223,571 shares (27,193) (27,271)
Accumulated other comprehensive income (loss) (6,938) (1,943)
Total U.S. Bancorp shareholders' equity 51,200 54,918
Noncontrolling interests 468 469
Total equity 51,668 55,387
Total liabilities and equity 586,517 573,284
Commercial    
Loans    
Total loans 117,470 112,023
Commercial real estate    
Loans    
Total loans 39,191 39,053
Residential mortgages    
Loans    
Total loans 78,487 76,493
Credit card    
Loans    
Total loans 22,163 22,500
Other retail    
Loans    
Total loans $ 61,623 $ 61,959
[1] The weighted-average maturity of total held-to-maturity investment securities was 7.4 years at December 31, 2021, with a corresponding weighted-average yield of 1.45 percent. The weighted-average maturity of total available-for-sale investment securities was 5.5 years at December 31, 2021, with a corresponding weighted-average yield of 1.73 percent.
[2] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.