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Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 41,652 $ 28,905
Held-to-maturity (fair value $74,128 and $41,812, respectively) 85,574 [1] 41,858
Available-for-sale ($858 and $557 pledged as collateral, respectively) [2] 68,523 [1] 132,963
Loans held for sale (including $3,483 and $6,623 of mortgage loans carried at fair value, respectively) 3,647 7,775
Loans    
Total loans 342,708 312,028
Less allowance for loan losses (6,017) (5,724)
Net loans 336,691 306,304
Premises and equipment 3,155 3,305
Goodwill 10,125 10,262
Other intangible assets 4,604 3,738
Other assets (including $1,235 and $1,193 of trading securities at fair value pledged as collateral, respectively) 47,002 38,174
Total assets 600,973 573,284
Deposits    
Noninterest-bearing 115,206 134,901
Interest-bearing 355,942 321,182
Total deposits 471,148 456,083
Short-term borrowings 25,066 11,796
Long-term debt 32,228 32,125
Other liabilities 24,553 17,893
Total liabilities 552,995 517,897
Shareholders' equity    
Preferred stock [3] 6,808 6,371
Common stock, par value $0.01 a share—authorized: 4,000,000,000 shares; issued: 9/30/22 and 12/31/21—2,125,725,742 shares 21 21
Capital surplus 8,590 8,539
Retained earnings 71,782 69,201
Less cost of common stock in treasury: 9/30/22—639,921,995 shares; 12/31/21—642,223,571 shares (27,188) (27,271)
Accumulated other comprehensive income (loss) (12,500) (1,943)
Total U.S. Bancorp shareholders' equity 47,513 54,918
Noncontrolling interests 465 469
Total equity 47,978 55,387
Total liabilities and equity 600,973 573,284
Commercial    
Loans    
Total loans 131,687 112,023
Commercial real estate    
Loans    
Total loans 40,329 39,053
Residential mortgages    
Loans    
Total loans 86,274 76,493
Credit card    
Loans    
Total loans 24,538 22,500
Other retail    
Loans    
Total loans $ 59,880 $ 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.
[3] The par value of all shares issued and outstanding at September 30, 2022 and December 31, 2021, was $1.00 per share.