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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 53,542 $ 28,905
Held-to-maturity (fair value $77,874 and $41,812, respectively) 88,740 [1],[2] 41,858
Available-for-sale ($858 and $557 pledged as collateral, respectively) [3] 72,910 [2] 132,963
Loans held for sale (including $1,849 and $6,623 of mortgage loans carried at fair value, respectively) 2,200 7,775
Loans    
Total loans 388,213 312,028
Less allowance for loan losses (6,936) (5,724)
Net loans 381,277 306,304
Premises and equipment 3,858 3,305
Goodwill 12,373 10,262
Other intangible assets 7,155 3,738
Other assets (including $702 and $1,193 of trading securities at fair value pledged as collateral, respectively) [3] 52,750 38,174
Total assets 674,805 573,284
Deposits    
Noninterest-bearing 137,743 134,901
Interest-bearing 387,233 321,182
Total deposits 524,976 456,083
Short-term borrowings 31,216 11,796
Long-term debt 39,829 32,125
Other liabilities 27,552 17,893
Total liabilities 623,573 517,897
Shareholders' equity    
Preferred stock [4] 6,808 6,371
Common stock, par value $0.01 a share — authorized: 4,000,000,000 shares; issued: 2022 and 2021—2,125,725,742 shares 21 21
Capital surplus 8,712 8,539
Retained earnings 71,901 69,201
Less cost of common stock in treasury: 2022 — 594,747,484 shares; 2021 — 642,223,571 shares (25,269) (27,271)
Accumulated other comprehensive income (loss) (11,407) (1,943)
Total U.S. Bancorp shareholders' equity 50,766 54,918
Noncontrolling interests 466 469
Total equity 51,232 55,387
Total liabilities and equity 674,805 573,284
Commercial    
Loans    
Total loans 135,690 112,023
Commercial real estate    
Loans    
Total loans 55,487 39,053
Residential mortgages    
Loans    
Total loans 115,845 76,493
Credit card    
Loans    
Total loans 26,295 22,500
Other retail    
Loans    
Total loans $ 54,896 $ 61,959
[1] Information related to asset and mortgage-backed securities included above is presented based upon weighted-average maturities that take into account anticipated future prepayments.
[2] 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.
[3] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.
[4] The par value of all shares issued and outstanding at December 31, 2022 and 2021, was $1.00 per share.