Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Summary of Long-term Debt

Long-term debt (debt with original maturities of more than one year) at December 31 consisted of the following:

(Dollars in Millions)	Rate Type		Rate(a)			Maturity Date		2020		2019
U.S. Bancorp (Parent Company)
Subordinated notes		Fixed		2.950	%		2022	$	1,300	$	1,300
		Fixed		3.600	%		2024		1,000		1,000
		Fixed		7.500	%		2026		199		199
		Fixed		3.100	%		2026		1,000		1,000
		Fixed		3.000	%		2029		1,000		1,000
Medium-term notes		Fixed		.850% - 4.125	%		2021 - 2030		15,492		13,820
		Floating		.855	%		2022		250		250
Other(b)									683		33
Subtotal									20,924		18,602
Subsidiaries
Federal Home Loan Bank advances		Fixed		1.250% - 8.250	%		2021 - 2026		1,003		1,106
		Floating		.474% - .765	%		2022 - 2026		3,272		3,272
Bank notes		Fixed		1.800% - 3.450	%		2021 - 2025		9,100		9,550
		Floating		– % - .653	%		2021 - 2059		5,888		6,789
Other(c)									1,110		848
Subtotal									20,373		21,565
Total								$	41,297	$	40,167

(a) Weighted-average interest rates of medium-term notes, Federal Home Loan Bank advances and bank notes were 2.61 percent, 1.12 percent and 1.83 percent, respectively.

(b) Includes debt issuance fees and unrealized gains and losses and deferred amounts relating to derivative instruments.

(c) Includes consolidated community development and tax-advantaged investment VIEs, finance lease obligations, debt issuance fees, and unrealized gains and losses and deferred amounts relating to derivative instruments.

Maturities of Long-term Debt Outstanding

Maturities of long-term debt outstanding at December 31, 2020, were:

(Dollars in Millions)	Parent Company		Consolidated
2021	$	1,509	$	7,266
2022		3,855		8,610
2023		–		2,870
2024		5,913		5,933
2025		2,283		5,888
Thereafter		7,364		10,730
Total	$	20,924	$	41,297