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Business Segments (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Condensed Income Statement    
Net interest income (taxable-equivalent basis) $ 4,015 $ 4,668
Noninterest income 2,700 2,507
Total net revenue 6,715 7,175
Noninterest expense 4,459 4,555
Income (loss) before provision and income taxes 2,256 2,620
Provision for credit losses 553 427
Income (loss) before income taxes 1,703 2,193
Income taxes and taxable-equivalent adjustment 377 489
Net income (loss) 1,326 1,704
Net (income) loss attributable to noncontrolling interests (7) (6)
Net income attributable to U.S. Bancorp 1,319 1,698
Average Balance Sheet    
Loans 371,070 386,750
Other earning assets 225,065 220,864
Goodwill 12,482 12,422
Other intangible assets 6,065 7,049
Assets 653,909 665,447
Noninterest-bearing deposits 84,787 129,741
Interest-bearing deposits 418,274 380,583
Total deposits 503,061 510,324
Total U.S. Bancorp shareholders’ equity 55,667 52,667
Lease revenue 187 183
Wealth, Corporate, Commercial and Institutional Banking    
Condensed Income Statement    
Net interest income (taxable-equivalent basis) 1,265 1,550
Noninterest income 1,113 1,020
Total net revenue 2,378 2,570
Noninterest expense 1,372 1,340
Income (loss) before provision and income taxes 1,006 1,230
Provision for credit losses 138 (26)
Income (loss) before income taxes 868 1,256
Income taxes and taxable-equivalent adjustment 217 314
Net income (loss) 651 942
Net (income) loss attributable to noncontrolling interests 0 0
Net income attributable to U.S. Bancorp 651 942
Average Balance Sheet    
Loans 170,965 177,011
Other earning assets 8,740 6,027
Goodwill 4,825 4,614
Other intangible assets 1,059 1,034
Assets 199,085 201,182
Noninterest-bearing deposits 58,446 82,403
Interest-bearing deposits 203,980 196,843
Total deposits 262,426 279,246
Total U.S. Bancorp shareholders’ equity 21,749 21,536
Consumer and Business Banking    
Condensed Income Statement    
Net interest income (taxable-equivalent basis) 2,014 2,341
Noninterest income 423 401
Total net revenue 2,437 2,742
Noninterest expense 1,580 1,707
Income (loss) before provision and income taxes 857 1,035
Provision for credit losses 55 7
Income (loss) before income taxes 802 1,028
Income taxes and taxable-equivalent adjustment 201 258
Net income (loss) 601 770
Net (income) loss attributable to noncontrolling interests 0 0
Net income attributable to U.S. Bancorp 601 770
Average Balance Sheet    
Loans 154,933 167,409
Other earning assets 1,879 2,179
Goodwill 4,325 4,493
Other intangible assets 4,696 5,594
Assets 169,177 185,245
Noninterest-bearing deposits 21,500 41,269
Interest-bearing deposits 203,343 176,797
Total deposits 224,843 218,066
Total U.S. Bancorp shareholders’ equity 14,848 16,565
Payment Services    
Condensed Income Statement    
Net interest income (taxable-equivalent basis) 735 655
Noninterest income 980 937
Total net revenue 1,715 1,592
Noninterest expense 1,025 959
Income (loss) before provision and income taxes 690 633
Provision for credit losses 359 220
Income (loss) before income taxes 331 413
Income taxes and taxable-equivalent adjustment 83 103
Net income (loss) 248 310
Net (income) loss attributable to noncontrolling interests 0 0
Net income attributable to U.S. Bancorp 248 310
Average Balance Sheet    
Loans 39,803 36,935
Other earning assets 153 302
Goodwill 3,332 3,315
Other intangible assets 300 385
Assets 46,816 42,858
Noninterest-bearing deposits 2,791 3,184
Interest-bearing deposits 97 108
Total deposits 2,888 3,292
Total U.S. Bancorp shareholders’ equity 9,965 8,968
Rewards and rebate costs and certain partner payments 739 717
Revenue generated from certain contracts with customers 2,200 2,100
Treasury and Corporate Support    
Condensed Income Statement    
Net interest income (taxable-equivalent basis) 1 122
Noninterest income 184 149
Total net revenue 185 271
Noninterest expense 482 549
Income (loss) before provision and income taxes (297) (278)
Provision for credit losses 1 226
Income (loss) before income taxes (298) (504)
Income taxes and taxable-equivalent adjustment (124) (186)
Net income (loss) (174) (318)
Net (income) loss attributable to noncontrolling interests (7) (6)
Net income attributable to U.S. Bancorp (181) (324)
Average Balance Sheet    
Loans 5,369 5,395
Other earning assets 214,293 212,356
Goodwill 0 0
Other intangible assets 10 36
Assets 238,831 236,162
Noninterest-bearing deposits 2,050 2,885
Interest-bearing deposits 10,854 6,835
Total deposits 12,904 9,720
Total U.S. Bancorp shareholders’ equity $ 9,105 $ 5,598