U.S. Bancorp (Parent Company) (Tables)

12 Months Ended

Dec. 31, 2018

Condensed Financial Information Disclosure [Abstract]

Condensed Statement of Financial Position of Parent Company Only

Condensed Balance Sheet

At December 31 (Dollars in Millions)	2018		2017
Assets
Due from banks, principally interest-bearing	$	9,969	$	9,157
Available-for-sale securities		921		963
Investments in bank subsidiaries		47,549		46,435
Investments in nonbank subsidiaries		2,568		2,540
Advances to bank subsidiaries		3,800		3,300
Advances to nonbank subsidiaries		2,543		2,055
Other assets		813		1,079
Total assets	$	68,163	$	65,529
Liabilities and Shareholders’ Equity
Short-term funds borrowed	$	—	$	1
Long-term debt		16,291		15,769
Other liabilities		843		719
Shareholders’ equity		51,029		49,040
Total liabilities and shareholders’ equity	$	68,163	$	65,529

Condensed Income Statement of Parent Company Only

Condensed Income Statement

Year Ended December 31 (Dollars in Millions)	2018			2017			2016
Income
Dividends from bank subsidiaries	$	5,300		$	4,800		$	2,100
Dividends from nonbank subsidiaries		6			5			4
Interest from subsidiaries		220			159			140
Other income		33			41			57
Total income		5,559			5,005			2,301
Expense
Interest expense		471			402			327
Other expense		133			124			123
Total expense		604			526			450
Income before income taxes and equity in undistributed income of subsidiaries		4,955			4,479			1,851
Applicable income taxes		(91	)		(176	)		(97	)
Income of parent company		5,046			4,655			1,948
Equity in undistributed income of subsidiaries		2,050			1,563			3,940
Net income attributable to U.S. Bancorp	$	7,096		$	6,218		$	5,888

Condensed Statement of Cash Flows of Parent Company Only

Condensed Statement of Cash Flows

Year Ended December 31 (Dollars in Millions)	2018			2017			2016
Operating Activities
Net income attributable to U.S. Bancorp	$	7,096		$	6,218		$	5,888
Adjustments to reconcile net income to net cash provided by operating activities
Equity in undistributed income of subsidiaries		(2,050	)		(1,563	)		(3,940	)
Other, net		359			(125	)		75
Net cash provided by operating activities		5,405			4,530			2,023
Investing Activities
Proceeds from sales and maturities of investment securities		39			100			232
Purchases of investment securities		(10	)		(844	)		(120	)
Net increase in short-term advances to subsidiaries		(488	)		(790	)		(442	)
Long-term advances to subsidiaries		(500	)		—			(750	)
Principal collected on long-term advances to subsidiaries		—			500			100
Other, net		304			(12	)		(12	)
Net cash used in investing activities		(655	)		(1,046	)		(992	)
Financing Activities
Net decrease in short-term borrowings		(1	)		(21	)		(3	)
Proceeds from issuance of long-term debt		2,100			3,920			3,550
Principal payments or redemption of long-term debt		(1,500	)		(1,250	)		(1,926	)
Proceeds from issuance of preferred stock		565			993			—
Proceeds from issuance of common stock		86			159			355
Repurchase of preferred stock		—			(1,085	)		—
Repurchase of common stock		(2,822	)		(2,631	)		(2,556	)
Cash dividends paid on preferred stock		(274	)		(284	)		(267	)
Cash dividends paid on common stock		(2,092	)		(1,928	)		(1,810	)
Net cash used in financing activities		(3,938	)		(2,127	)		(2,657	)
Change in cash and due from banks		812			1,357			(1,626	)
Cash and due from banks at beginning of year		9,157			7,800			9,426
Cash and due from banks at end of year	$	9,969		$	9,157		$	7,800