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Consolidated Statement of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Statement of Comprehensive Income [Abstract]        
Net income $ 1,816 $ 2,034 $ 4,908 $ 6,307
Other Comprehensive Income (Loss)        
Changes in unrealized gains (losses) on investment securities available-for-sale (2,810) (825) (14,325) (3,008)
Changes in unrealized gains (losses) on derivative hedges (232) 8 (134) 121
Foreign currency translation [1] (8) (1) (11) 23
Reclassification to earnings of realized (gains) losses 186 27 337 34
Income taxes related to other comprehensive income (loss) 725 201 3,576 716
Total other comprehensive income (loss) (2,139) (590) (10,557) (2,114)
Comprehensive income (loss) (323) 1,444 (5,649) 4,193
Comprehensive (income) loss attributable to noncontrolling interests (4) (6) (8) (17)
Comprehensive income (loss) attributable to U.S. Bancorp $ (327) $ 1,438 $ (5,657) $ 4,176
[1] Represents the impact of changes in foreign currency exchange rates on the Company’s investment in foreign operations and related hedges.