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Business Segments (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Condensed Income Statement        
Net interest income (taxable-equivalent basis) $ 4,052 $ 4,449 $ 8,067 $ 9,117
Noninterest income 2,815 2,726 5,515 5,233
Total net revenue 6,867 7,175 13,582 14,350
Noninterest expense 4,214 4,569 8,673 9,124
Income (loss) before provision and income taxes 2,653 2,606 4,909 5,226
Provision for credit losses 568 821 1,121 1,248
Income (loss) before income taxes 2,085 1,785 3,788 3,978
Income taxes and taxable-equivalent adjustment 474 416 851 905
Net income 1,611 1,369 2,937 3,073
Net (income) loss attributable to noncontrolling interests (8) (8) (15) (14)
Net income attributable to U.S. Bancorp 1,603 1,361 2,922 3,059
Average Balance Sheet        
Loans 374,685 388,817 372,878 387,789
Other earning assets 234,207 225,022 229,635 222,955
Goodwill 12,477 12,512 12,480 12,468
Other intangible assets 6,031 6,724 6,048 6,885
Assets 665,504 673,012 659,707 669,251
Noninterest-bearing deposits 83,418 113,758 84,102 121,705
Interest-bearing deposits 430,491 383,507 424,383 382,053
Total deposits 513,909 497,265 508,485 503,758
Total U.S. Bancorp shareholders’ equity 56,029 53,822 55,849 53,248
Lease revenue 195 186 382 369
Wealth, Corporate, Commercial and Institutional Banking        
Condensed Income Statement        
Net interest income (taxable-equivalent basis) 1,906 1,894 3,810 3,857
Noninterest income 1,131 1,071 2,244 2,090
Total net revenue 3,037 2,965 6,054 5,947
Noninterest expense 1,374 1,380 2,746 2,738
Income (loss) before provision and income taxes 1,663 1,585 3,308 3,209
Provision for credit losses 100 162 241 135
Income (loss) before income taxes 1,563 1,423 3,067 3,074
Income taxes and taxable-equivalent adjustment 391 356 767 769
Net income 1,172 1,067 2,300 2,305
Net (income) loss attributable to noncontrolling interests 0 0 0 0
Net income attributable to U.S. Bancorp 1,172 1,067 2,300 2,305
Average Balance Sheet        
Loans 173,695 178,749 172,381 177,867
Other earning assets 9,590 6,671 9,164 6,349
Goodwill 4,824 4,651 4,825 4,633
Other intangible assets 1,007 962 1,033 998
Assets 203,201 205,169 201,196 203,168
Noninterest-bearing deposits 57,299 73,512 57,939 77,816
Interest-bearing deposits 216,293 195,333 212,068 197,372
Total deposits 273,592 268,845 270,007 275,188
Total U.S. Bancorp shareholders’ equity 21,481 22,359 21,619 21,949
Consumer and Business Banking        
Condensed Income Statement        
Net interest income (taxable-equivalent basis) 1,922 2,295 3,801 4,684
Noninterest income 413 431 836 831
Total net revenue 2,335 2,726 4,637 5,515
Noninterest expense 1,622 1,764 3,224 3,496
Income (loss) before provision and income taxes 713 962 1,413 2,019
Provision for credit losses 30 16 84 23
Income (loss) before income taxes 683 946 1,329 1,996
Income taxes and taxable-equivalent adjustment 171 237 333 500
Net income 512 709 996 1,496
Net (income) loss attributable to noncontrolling interests 0 0 0 0
Net income attributable to U.S. Bancorp 512 709 996 1,496
Average Balance Sheet        
Loans 154,857 167,002 154,845 167,214
Other earning assets 2,278 2,512 2,078 2,346
Goodwill 4,326 4,530 4,326 4,512
Other intangible assets 4,734 5,393 4,714 5,492
Assets 168,634 184,804 168,854 185,032
Noninterest-bearing deposits 20,900 34,120 21,137 37,616
Interest-bearing deposits 202,967 180,239 201,131 177,227
Total deposits 223,867 214,359 222,268 214,843
Total U.S. Bancorp shareholders’ equity 14,553 16,386 14,699 16,476
Payment Services        
Condensed Income Statement        
Net interest income (taxable-equivalent basis) 673 623 1,375 1,270
Noninterest income 1,094 1,050 2,073 1,987
Total net revenue 1,767 1,673 3,448 3,257
Noninterest expense 983 941 1,981 1,889
Income (loss) before provision and income taxes 784 732 1,467 1,368
Provision for credit losses 388 314 747 534
Income (loss) before income taxes 396 418 720 834
Income taxes and taxable-equivalent adjustment 99 105 180 209
Net income 297 313 540 625
Net (income) loss attributable to noncontrolling interests 0 0 0 0
Net income attributable to U.S. Bancorp 297 313 540 625
Average Balance Sheet        
Loans 40,832 37,913 40,318 37,426
Other earning assets 115 74 134 187
Goodwill 3,327 3,331 3,329 3,323
Other intangible assets 281 359 291 372
Assets 46,099 44,126 46,458 43,492
Noninterest-bearing deposits 2,706 3,179 2,749 3,181
Interest-bearing deposits 97 104 97 106
Total deposits 2,803 3,283 2,846 3,287
Total U.S. Bancorp shareholders’ equity 9,941 9,127 9,953 9,048
Rewards and rebate costs and certain partner payments 776 760 1,500 1,500
Revenue generated from certain contracts with customers 2,300 2,200 4,500 4,300
Treasury and Corporate Support        
Condensed Income Statement        
Net interest income (taxable-equivalent basis) (449) (363) (919) (694)
Noninterest income 177 174 362 325
Total net revenue (272) (189) (557) (369)
Noninterest expense 235 484 722 1,001
Income (loss) before provision and income taxes (507) (673) (1,279) (1,370)
Provision for credit losses 50 329 49 556
Income (loss) before income taxes (557) (1,002) (1,328) (1,926)
Income taxes and taxable-equivalent adjustment (187) (282) (429) (573)
Net income (370) (720) (899) (1,353)
Net (income) loss attributable to noncontrolling interests (8) (8) (15) (14)
Net income attributable to U.S. Bancorp (378) (728) (914) (1,367)
Average Balance Sheet        
Loans 5,301 5,153 5,334 5,282
Other earning assets 222,224 215,765 218,259 214,073
Goodwill 0 0 0 0
Other intangible assets 9 10 10 23
Assets 247,570 238,913 243,199 237,559
Noninterest-bearing deposits 2,513 2,947 2,277 3,092
Interest-bearing deposits 11,134 7,831 11,087 7,348
Total deposits 13,647 10,778 13,364 10,440
Total U.S. Bancorp shareholders’ equity $ 10,054 $ 5,950 $ 9,578 $ 5,775