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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net income attributable to U.S. Bancorp $ 1,709 $ 1,319
Adjustments to reconcile net income to net cash (used in) provided by operating activities    
Provision for credit losses 537 553
Depreciation and amortization of premises and equipment 92 90
Amortization of intangibles 123 146
(Gain) loss on sales of loans held for sale (44) (36)
(Gain) loss on sales of securities and other assets (28) (9)
Loans originated for sale, net of repayments (4,185) (4,674)
Proceeds from sales of loans held for sale 4,705 4,740
Other, net (3,194) 532
Net cash (used in) provided by operating activities (285) 2,661
Investing Activities    
Proceeds from sales of available-for-sale investment securities 1,011 172
Proceeds from maturities of held-to-maturity investment securities 1,387 1,301
Proceeds from maturities of available-for-sale investment securities 1,340 1,412
Purchases of held-to-maturity investment securities (644) (93)
Purchases of available-for-sale investment securities (2,104) (4,851)
Net increase in loans outstanding (2,636) (1,128)
Proceeds from sales of loans 766 36
Purchases of loans (221) (296)
Net increase in securities purchased under agreements to resell (813) (1,274)
Other, net (634) (232)
Net cash used in investing activities (2,548) (4,953)
Financing Activities    
Net (decrease) increase in deposits (5,782) 15,751
Net increase in short-term borrowings 1,640 1,823
Proceeds from issuance of long-term debt 3,590 3,565
Principal payments or redemption of long-term debt (2,101) (2,172)
Proceeds from issuance of common stock 16 13
Repurchase of common stock (160) (49)
Cash dividends paid on preferred stock (72) (76)
Cash dividends paid on common stock (787) (770)
Net cash (used in) provided by financing activities (3,656) 18,085
Change in cash and due from banks (6,489) 15,793
Cash and due from banks at beginning of period 56,502 61,192
Cash and due from banks at end of period $ 50,013 $ 76,985