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Consolidated Statement of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Statement of Comprehensive Income [Abstract]        
Net income $ 1,534 $ 1,988 $ 3,092 $ 4,273
Other Comprehensive Income (Loss)        
Changes in unrealized gains (losses) on investment securities available-for-sale (4,761) 1,195 (11,515) (2,183)
Changes in unrealized gains (losses) on derivative hedges 98 14 98 113
Foreign currency translation [1] (3) (1) (3) 24
Reclassification to earnings of realized (gains) losses 84 (11) 151 7
Income taxes related to other comprehensive income (loss) 1,159 (304) 2,851 515
Total other comprehensive income (loss) (3,423) 893 (8,418) (1,524)
Comprehensive income (loss) (1,889) 2,881 (5,326) 2,749
Comprehensive (income) loss attributable to noncontrolling interests (3) (6) (4) (11)
Comprehensive income (loss) attributable to U.S. Bancorp $ (1,892) $ 2,875 $ (5,330) $ 2,738
[1] Represents the impact of changes in foreign currency exchange rates on the Company’s investment in foreign operations and related hedges.