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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Net income attributable to U.S. Bancorp $ 6,299 $ 5,429 $ 5,825
Adjustments to reconcile net income to net cash provided by operating activities      
Provision for credit losses 2,238 2,275 1,977
Depreciation and amortization of premises and equipment 370 382 345
Amortization of intangibles 569 636 215
(Gain) loss on sale of loans held for sale (184) 7 387
(Gain) loss on sale of securities and other assets 123 119 (188)
Loans originated for sale, net of repayments (24,225) (26,936) (33,127)
Proceeds from sales of loans held for sale 24,008 26,686 38,895
Other, net 2,075 (151) 6,790
Net cash provided by operating activities 11,273 8,447 21,119
Investing Activities      
Proceeds from sales of available-for-sale investment securities 13,125 11,209 36,391
Proceeds from maturities of held-to-maturity investment securities 6,161 6,164 5,759
Proceeds from maturities of available-for-sale investment securities 6,006 6,314 14,927
Purchases of held-to-maturity investment securities (246) (932) (7,091)
Purchases of available-for-sale investment securities (35,886) (8,342) (24,592)
Net (increase) decrease in loans outstanding (7,278) 3,829 (27,318)
Proceeds from sales of loans 645 5,707 4,420
Purchases of loans (1,264) (1,106) (2,113)
Net (increase) decrease in securities purchased under agreements to resell (3,859) (2,404) 252
Net cash (paid for) received from acquisitions (103) (330) 12,257
Other, net (1,835) (1,184) (5,392)
Net cash (used in) provided by investing activities (24,534) 18,925 7,500
Financing Activities      
Net increase (decrease) in deposits 6,001 (12,291) (17,215)
Net increase (decrease) in short-term borrowings 239 (16,508) 15,213
Proceeds from issuance of long-term debt 12,017 15,583 8,732
Principal payments or redemption of long-term debt (6,042) (4,084) (6,926)
Proceeds from issuance of preferred stock 0 0 437
Proceeds from issuance of common stock 32 951 21
Repurchase of preferred stock 0 0 (1,100)
Repurchase of common stock (173) (62) (69)
Cash dividends paid on preferred stock (356) (341) (299)
Cash dividends paid on common stock (3,092) (2,970) (2,776)
Other, net (55) 0 0
Net cash provided by (used in) financing activities 8,571 (19,722) (3,982)
Change in cash and due from banks (4,690) 7,650 24,637
Cash and due from banks at beginning of period 61,192 53,542 28,905
Cash and due from banks at end of period 56,502 61,192 53,542
Supplemental Cash Flow Disclosures      
Cash paid for income taxes 499 645 767
Cash paid for interest 15,382 12,282 2,717
Noncash transfer of available-for-sale investment securities to held-to-maturity 0 0 40,695
Net noncash transfers to foreclosed property 24 26 23
Acquisitions      
Assets acquired (sold) 106 (83) 106,209
Liabilities (assumed) sold (3) 413 (95,753)
Net $ 103 $ 330 $ 10,456