v3.26.1
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net income attributable to U.S. Bancorp $ 4,122 $ 3,524
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for credit losses 1,114 1,038
Depreciation and amortization of premises and equipment 189 185
Amortization of intangibles 224 247
(Gain) loss on sales of loans held for sale (74) (108)
(Gain) loss on sales of securities and other assets 70 15
Loans originated for sale, net of repayments (11,316) (9,847)
Proceeds from sales of loans held for sale 10,729 9,839
Other, net 1,102 (3,288)
Net cash provided by operating activities 6,160 1,605
Investing Activities    
Proceeds from sales of available-for-sale investment securities 8,146 3,525
Proceeds from maturities of held-to-maturity investment securities 3,362 3,652
Proceeds from maturities of available-for-sale investment securities 5,474 2,860
Purchases of held-to-maturity investment securities (1,059) (2,620)
Purchases of available-for-sale investment securities (12,216) (9,478)
Net increase in loans outstanding (19,309) (7,168)
Proceeds from sales of loans 432 6,518
Purchases of loans (856) (696)
Net decrease in securities purchased under agreements to resell 6,673 922
Net cash paid for acquisitions (246) (35)
Other, net (2,129) (1,398)
Net cash used in investing activities (11,728) (3,918)
Financing Activities    
Net increase (decrease) in deposits 10,013 (199)
Net increase (decrease) in short-term borrowings 19,948 (479)
Proceeds from issuance of long-term debt 7,386 9,327
Principal payments or redemption of long-term debt (9,708) (3,750)
Proceeds from issuance of common stock 19 22
Repurchase of common stock (477) (266)
Cash dividends paid on preferred stock (160) (168)
Cash dividends paid on common stock (1,628) (1,571)
Other, net (25) (47)
Net cash provided by financing activities 25,368 2,869
Effect of exchange rate changes on cash and due from banks (199) 749
Change in cash and due from banks 19,601 1,305
Cash and due from banks at beginning of period 46,890 56,502
Cash and due from banks at end of period $ 66,491 $ 57,807