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Business Segments (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Condensed Income Statement        
Net interest income (taxable-equivalent basis) $ 4,166 $ 4,268 $ 12,233 $ 13,385
Noninterest income 2,698 2,764 8,213 7,997
Total net revenue 6,864 7,032 20,446 21,382
Noninterest expense 4,204 4,530 12,877 13,654
Income (loss) before provision and income taxes 2,660 2,502 7,569 7,728
Provision for credit losses 557 515 1,678 1,763
Income (loss) before income taxes 2,103 1,987 5,891 5,965
Income taxes and taxable-equivalent adjustment 381 463 1,232 1,368
Net income 1,722 1,524 4,659 4,597
Net (income) loss attributable to noncontrolling interests (8) (1) (23) (15)
Net income attributable to U.S. Bancorp 1,714 1,523 4,636 4,582
Average Balance Sheet        
Loans 374,070 376,877 373,278 384,112
Other earning assets 233,110 228,368 230,802 224,779
Goodwill 12,521 12,486 12,494 12,474
Other intangible assets 5,635 6,425 5,909 6,730
Assets 664,640 663,999 661,363 667,481
Noninterest-bearing deposits 80,939 97,524 83,040 113,556
Interest-bearing deposits 427,818 414,767 425,536 393,077
Total deposits 508,757 512,291 508,576 506,633
Total U.S. Bancorp shareholders’ equity 58,283 53,817 56,666 53,440
Lease revenue 195 185 577 554
Wealth, Corporate, Commercial and Institutional Banking        
Condensed Income Statement        
Net interest income (taxable-equivalent basis) 1,896 2,023 5,711 5,884
Noninterest income 1,145 1,030 3,387 3,120
Total net revenue 3,041 3,053 9,098 9,004
Noninterest expense 1,364 1,340 4,135 4,073
Income (loss) before provision and income taxes 1,677 1,713 4,963 4,931
Provision for credit losses 94 136 335 271
Income (loss) before income taxes 1,583 1,577 4,628 4,660
Income taxes and taxable-equivalent adjustment 396 394 1,158 1,165
Net income 1,187 1,183 3,470 3,495
Net (income) loss attributable to noncontrolling interests 0 0 0 0
Net income attributable to U.S. Bancorp 1,187 1,183 3,470 3,495
Average Balance Sheet        
Loans 171,833 175,700 172,249 177,161
Other earning assets 10,740 6,458 9,693 6,386
Goodwill 4,825 4,638 4,825 4,634
Other intangible assets 955 921 1,007 972
Assets 200,199 203,910 200,912 203,442
Noninterest-bearing deposits 54,263 66,055 56,650 73,789
Interest-bearing deposits 215,604 210,041 213,572 201,805
Total deposits 269,867 276,096 270,222 275,594
Total U.S. Bancorp shareholders’ equity 21,277 22,839 21,506 22,249
Consumer and Business Banking        
Condensed Income Statement        
Net interest income (taxable-equivalent basis) 1,937 2,048 5,737 6,730
Noninterest income 401 434 1,239 1,265
Total net revenue 2,338 2,482 6,976 7,995
Noninterest expense 1,685 1,721 4,977 5,246
Income (loss) before provision and income taxes 653 761 1,999 2,749
Provision for credit losses 18 7 102 30
Income (loss) before income taxes 635 754 1,897 2,719
Income taxes and taxable-equivalent adjustment 159 189 475 680
Net income 476 565 1,422 2,039
Net (income) loss attributable to noncontrolling interests 0 0 0 0
Net income attributable to U.S. Bancorp 476 565 1,422 2,039
Average Balance Sheet        
Loans 155,304 157,458 155,073 164,050
Other earning assets 2,738 2,688 2,300 2,462
Goodwill 4,326 4,515 4,326 4,514
Other intangible assets 4,405 5,154 4,611 5,378
Assets 168,937 174,883 168,954 181,735
Noninterest-bearing deposits 20,781 25,561 21,068 33,599
Interest-bearing deposits 200,897 192,725 200,719 182,267
Total deposits 221,678 218,286 221,787 215,866
Total U.S. Bancorp shareholders’ equity 14,247 15,770 14,552 16,246
Payment Services        
Condensed Income Statement        
Net interest income (taxable-equivalent basis) 727 663 2,102 1,933
Noninterest income 1,073 1,039 3,146 3,026
Total net revenue 1,800 1,702 5,248 4,959
Noninterest expense 1,026 1,006 3,040 2,871
Income (loss) before provision and income taxes 774 696 2,208 2,088
Provision for credit losses 404 399 1,151 933
Income (loss) before income taxes 370 297 1,057 1,155
Income taxes and taxable-equivalent adjustment 93 74 265 288
Net income 277 223 792 867
Net (income) loss attributable to noncontrolling interests 0 0 0 0
Net income attributable to U.S. Bancorp 277 223 792 867
Average Balance Sheet        
Loans 41,653 38,954 40,766 37,942
Other earning assets 8 5 92 126
Goodwill 3,370 3,333 3,343 3,326
Other intangible assets 266 340 282 361
Assets 47,199 44,774 46,707 43,926
Noninterest-bearing deposits 2,653 2,796 2,716 3,052
Interest-bearing deposits 95 101 96 104
Total deposits 2,748 2,897 2,812 3,156
Total U.S. Bancorp shareholders’ equity 9,959 9,442 9,955 9,181
Rewards and rebate costs and certain partner payments 796 762 2,200 2,200
Revenue generated from certain contracts with customers 2,300 2,200 6,800 6,600
Treasury and Corporate Support        
Condensed Income Statement        
Net interest income (taxable-equivalent basis) (394) (466) (1,317) (1,162)
Noninterest income 79 261 441 586
Total net revenue (315) (205) (876) (576)
Noninterest expense 129 463 725 1,464
Income (loss) before provision and income taxes (444) (668) (1,601) (2,040)
Provision for credit losses 41 (27) 90 529
Income (loss) before income taxes (485) (641) (1,691) (2,569)
Income taxes and taxable-equivalent adjustment (267) (194) (666) (765)
Net income (218) (447) (1,025) (1,804)
Net (income) loss attributable to noncontrolling interests (8) (1) (23) (15)
Net income attributable to U.S. Bancorp (226) (448) (1,048) (1,819)
Average Balance Sheet        
Loans 5,280 4,765 5,190 4,959
Other earning assets 219,624 219,217 218,717 215,805
Goodwill 0 0 0 0
Other intangible assets 9 10 9 19
Assets 248,305 240,432 244,790 238,378
Noninterest-bearing deposits 3,242 3,112 2,606 3,116
Interest-bearing deposits 11,222 11,900 11,149 8,901
Total deposits 14,464 15,012 13,755 12,017
Total U.S. Bancorp shareholders’ equity $ 12,800 $ 5,766 $ 10,653 $ 5,764