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Consolidated Statement of Shareholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Common Stock [Member]
Preferred Stock [Member]
Capital Surplus [Member]
Retained Earnings [Member]
Treasury Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Total U.S. Bancorp Shareholders' Equity [Member]
Noncontrolling Interests [Member]
Beginning Balance at Dec. 31, 2016 $ 47,933 $ 21 $ 5,501 $ 8,440 $ 50,151 $ (15,280) $ (1,535) $ 47,298 $ 635
Shares, Beginning Balance at Dec. 31, 2016   1,697              
Net income (loss) 6,253       6,218     6,218 35
Other comprehensive income (loss) 131           131 131  
Preferred stock dividends [1] (267)       (267)     (267)  
Common stock dividends (1,950)       (1,950)     (1,950)  
Issuance of preferred stock 993   993         993  
Redemption of preferred stock (1,085)   (1,075)   (10)     (1,085)  
Issuance of common and treasury stock 162     (138)   300   162  
Issuance of common and treasury stock, shares   8              
Purchase of treasury stock $ (2,622)         (2,622)   (2,622)  
Purchase of treasury stock, shares (49) (49)              
Distributions to noncontrolling interests $ (47)               (47)
Net other changes in noncontrolling interests 3               3
Stock option and restricted stock grants 162     162       162  
Ending Balance at Dec. 31, 2017 49,666 $ 21 5,419 8,464 54,142 (17,602) (1,404) 49,040 626
Shares, Ending Balance at Dec. 31, 2017   1,656              
Change in accounting principle at Dec. 31, 2017 [2] (1)       299   (300) (1)  
Net income (loss) 7,124       7,096     7,096 28
Other comprehensive income (loss) (618)           (618) (618)  
Preferred stock dividends [3] (282)       (282)     (282)  
Common stock dividends (2,190)       (2,190)     (2,190)  
Issuance of preferred stock 565   565         565  
Issuance of common and treasury stock 91     (167)   258   91  
Issuance of common and treasury stock, shares   6              
Purchase of treasury stock $ (2,844)         (2,844)   (2,844)  
Purchase of treasury stock, shares (54) (54)              
Distributions to noncontrolling interests $ (31)               (31)
Net other changes in noncontrolling interests 5               5
Stock option and restricted stock grants 172     172       172  
Ending Balance at Dec. 31, 2018 $ 51,657 $ 21 5,984 8,469 59,065 (20,188) (2,322) 51,029 628
Shares, Ending Balance at Dec. 31, 2018 1,600 1,608              
Change in accounting principle at Dec. 31, 2018 $ 2       2     2  
Net income (loss) 6,946       6,914     6,914 32
Other comprehensive income (loss) 949           949 949  
Preferred stock dividends [4] (302)       (302)     (302)  
Common stock dividends (2,493)       (2,493)     (2,493)  
Issuance of common and treasury stock 89     (174)   263   89  
Issuance of common and treasury stock, shares   7              
Purchase of treasury stock $ (4,515)         (4,515)   (4,515)  
Purchase of treasury stock, shares (81) (81)              
Distributions to noncontrolling interests $ (31)               (31)
Net other changes in noncontrolling interests 1               1
Stock option and restricted stock grants 180     180       180  
Ending Balance at Dec. 31, 2019 $ 52,483 $ 21 $ 5,984 $ 8,475 $ 63,186 $ (24,440) $ (1,373) $ 51,853 $ 630
Shares, Ending Balance at Dec. 31, 2019 1,500 1,534              
[1] Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series G, Series H, Series I and Series J Non-Cumulative Perpetual Preferred Stock of $3,548.61, $887.15, $1,625.00, $375.00, $1,287.52, $1,281.25 and $890.69, respectively.
[2] Reflects the adoption of new accounting guidance on January 1, 2018 to reclassify the impact of the reduced federal statutory tax rate for corporations included in 2017 tax reform legislation from accumulated other comprehensive income to retained earnings.
[3] Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series H, Series I, Series J and Series K Non-Cumulative Perpetual Preferred Stock of $3,548.61, $887.15, $1,625.00, $1,287.52, $1,281.25, $1,325.00 and $576.74, respectively.
[4] Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series H, Series I, Series J and Series K Non-Cumulative Perpetual Preferred Stock of $3,654.95, $887.15, $1,625.00, $1,287.52, $1,281.25, $1,325.00 and $1,375.00, respectively.