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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities    
Net income attributable to U.S. Bancorp $ 1,698 $ 1,557
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for credit losses 427 112
Depreciation and amortization of premises and equipment 97 85
Amortization of intangibles 160 47
(Gain) loss on sale of loans held for sale 7 62
(Gain) loss on sale of securities and other assets 32 (42)
Loans originated for sale, net of repayments (7,024) (9,827)
Proceeds from sales of loans held for sale 6,728 13,874
Other, net (1,283) 2,609
Net cash provided by operating activities 842 8,477
Investing Activities    
Proceeds from sales of available-for-sale investment securities 7,720 12,527
Proceeds from maturities of held-to-maturity investment securities 1,317 1,173
Proceeds from maturities of available-for-sale investment securities 1,407 5,498
Purchases of held-to-maturity investment securities (924) (2,932)
Purchases of available-for-sale investment securities (217) (15,989)
Net decrease (increase) in loans outstanding 165 (7,278)
Proceeds from sales of loans 257 1,309
Purchases of loans (339) (1,073)
Net increase in securities purchased under agreements to resell (1,531) (147)
Other, net (2,912) (452)
Net cash provided by (used in) investing activities 4,943 (7,364)
Financing Activities    
Net (decrease) increase in deposits (19,237) 5,463
Net increase in short-term borrowings 24,876 9,246
Proceeds from issuance of long-term debt 3,701 2,153
Principal payments or redemption of long-term debt (1,594) (1,118)
Proceeds from issuance of preferred stock   437
Proceeds from issuance of common stock 6 15
Repurchase of preferred stock   (1,100)
Repurchase of common stock (44) (54)
Cash dividends paid on preferred stock (67) (70)
Cash dividends paid on common stock (740) (687)
Net cash provided by financing activities 6,901 14,285
Change in cash and due from banks 12,686 15,398
Cash and due from banks at beginning of period 53,542 28,905
Cash and due from banks at end of period [1] $ 66,228 $ 44,303
[1] Excludes a $1.0 billion interest-bearing due from bank balance with a term greater than 90 days.