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Consolidated Statement of Shareholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment [Member]
[3]
Common Stock [Member]
Preferred Stock [Member]
Capital Surplus [Member]
Retained Earnings [Member]
Retained Earnings [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
[3]
Treasury Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Total U.S. Bancorp Shareholders' Equity [Member]
Total U.S. Bancorp Shareholders' Equity [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
[3]
Noncontrolling Interests [Member]
Beginning Balance at Dec. 31, 2021 $ 55,387   $ 21 $ 6,371 $ 8,539 $ 69,201   $ (27,271) $ (1,943) $ 54,918   $ 469
Shares, Beginning Balance at Dec. 31, 2021     1,484                  
Net income (loss) 3,092         3,088       3,088   4
Other comprehensive income (loss) (8,418)               (8,418) (8,418)    
Preferred stock dividends [1] (143)         (143)       (143)    
Common stock dividends (1,374)         (1,374)       (1,374)    
Issuance of preferred stock 437     437           437    
Issuance of common and treasury stock 17       (119)     136   17    
Issuance of common and treasury stock, shares     3                  
Purchase of treasury stock (55)             (55)   (55)    
Purchase of treasury stock, shares     (1)                  
Distributions to noncontrolling interests (4)                     (4)
Net other changes in noncontrolling interests (5)                     (5)
Stock option and restricted stock grants 135       135         135    
Shares, Ending Balance at Jun. 30, 2022     1,486                  
Ending Balance at Jun. 30, 2022 49,069   $ 21 6,808 8,555 70,772   (27,190) (10,361) 48,605   464
Beginning Balance at Mar. 31, 2022 51,668   $ 21 6,808 8,515 69,987   (27,193) (6,938) 51,200   468
Shares, Beginning Balance at Mar. 31, 2022     1,486                  
Net income (loss) 1,534         1,531       1,531   3
Other comprehensive income (loss) (3,423)               (3,423) (3,423)    
Preferred stock dividends [2] (59)         (59)       (59)    
Common stock dividends (687)         (687)       (687)    
Issuance of common and treasury stock 1       (3)     4   1    
Purchase of treasury stock (1)             (1)   (1)    
Distributions to noncontrolling interests (2)                     (2)
Net other changes in noncontrolling interests (5)                     (5)
Stock option and restricted stock grants 43       43         43    
Shares, Ending Balance at Jun. 30, 2022     1,486                  
Ending Balance at Jun. 30, 2022 49,069   $ 21 6,808 8,555 70,772   (27,190) (10,361) 48,605   464
Beginning Balance at Dec. 31, 2022 51,232 $ 46 $ 21 6,808 8,712 71,901 $ 46 (25,269) (11,407) 50,766 $ 46 466
Shares, Beginning Balance at Dec. 31, 2022     1,531                  
Net income (loss) 3,073         3,059       3,059   14
Other comprehensive income (loss) 689               689 689    
Preferred stock dividends [4] (171)         (171)       (171)    
Common stock dividends (1,480)         (1,480)       (1,480)    
Issuance of common and treasury stock 8       (116)     124   8    
Issuance of common and treasury stock, shares     3                  
Purchase of treasury stock (44)             (44)   (44)    
Purchase of treasury stock, shares     (1)                  
Distributions to noncontrolling interests (14)                     (14)
Net other changes in noncontrolling interests (1)                     (1)
Stock option and restricted stock grants 146       146         146    
Shares, Ending Balance at Jun. 30, 2023     1,533                  
Ending Balance at Jun. 30, 2023 53,484   $ 21 6,808 8,742 73,355   (25,189) (10,718) 53,019   465
Beginning Balance at Mar. 31, 2023 53,454   $ 21 6,808 8,699 72,807   (25,193) (10,153) 52,989   465
Shares, Beginning Balance at Mar. 31, 2023     1,533                  
Net income (loss) 1,369         1,361       1,361   8
Other comprehensive income (loss) (565)               (565) (565)    
Preferred stock dividends [5] (73)         (73)       (73)    
Common stock dividends (740)         (740)       (740)    
Issuance of common and treasury stock 2       (2)     4   2    
Distributions to noncontrolling interests (7)                     (7)
Net other changes in noncontrolling interests (1)                     (1)
Stock option and restricted stock grants 45       45         45    
Shares, Ending Balance at Jun. 30, 2023     1,533                  
Ending Balance at Jun. 30, 2023 $ 53,484   $ 21 $ 6,808 $ 8,742 $ 73,355   $ (25,189) $ (10,718) $ 53,019   $ 465
[1] Reflects dividends declared per share on the Company’s Series A, Series B, Series J, Series K, Series L, Series M, Series N and Series O Non-Cumulative Perpetual Preferred Stock of $1,759.722, $439.931, $662.50, $687.50, $468.75, $500.00, $462.50 and $487.50, respectively.
[2] Reflects dividends declared per share on the Company’s Series A, Series B, Series K, Series L, Series M, Series N and Series O Non-Cumulative Perpetual Preferred Stock of $884.722, $221.181, $343.75, $234.375, $250.00, $231.25 and $281.25, respectively.
[3] Effective January 1, 2023, the Company adopted accounting guidance which removed the separate recognition and measurement of troubled debt restructurings. Upon adoption, the Company reduced its allowance for credit losses and increased retained earnings net of deferred taxes through a cumulative-effect adjustment.
[4] Reflects dividends declared per share on the Company’s Series A, Series B, Series J, Series K, Series L, Series M, Series N and Series O Non-Cumulative Perpetual Preferred Stock of $3,049.948, $709.695, $662.50, $687.50, $468.75, $500.00, $462.50 and $562.50, respectively.
[5] Reflects dividends declared per share on the Company’s Series A, Series B, Series K, Series L, Series M, Series N and Series O Non-Cumulative Perpetual Preferred Stock of $1,587.52, $370.338, $343.75, $234.375, $250.00, $231.25 and $281.25, respectively.