v3.26.1
Business Segments (Details)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
segment
Jun. 30, 2025
USD ($)
Segment Reporting [Abstract]        
Number of operating segments | segment     3  
Number of reportable segments | segment     3  
Condensed Income Statement        
Net interest income (taxable-equivalent basis) $ 4,387 $ 4,080 $ 8,678 $ 8,202
Noninterest income 3,325 2,924 6,322 5,760
Total net revenue 7,712 7,004 15,000 13,962
Compensation and employee benefits 2,685 2,600 5,313 5,237
Other intangibles 114 124 224 247
Net shared services 0 0 0 0
Other direct expenses 1,629 1,457 3,156 2,929
Total noninterest expense 4,428 4,181 8,693 8,413
Income (loss) before provision and income taxes 3,284 2,823 6,307 5,549
Provision for credit losses 538 501 1,114 1,038
Income (loss) before income taxes 2,746 2,322 5,193 4,511
Income taxes and taxable-equivalent adjustment 563 501 1,060 974
Net income 2,183 1,821 4,133 3,537
Net (income) loss attributable to noncontrolling interests (6) (6) (11) (13)
Net income attributable to U.S. Bancorp 2,177 1,815 4,122 3,524
Average Balance Sheet        
Loans 405,481 378,529 399,553 378,777
Other earning assets     227,042 233,017
Goodwill 12,833 12,577 12,734 12,560
Other intangible assets 4,802 5,360 4,821 5,424
Assets 694,710 673,341 691,514 671,378
Noninterest-bearing deposits 80,611 79,117 80,620 79,405
Interest-bearing deposits 434,469 423,773 434,480 425,297
Total deposits 515,080 502,890 515,100 504,702
Total U.S. Bancorp shareholders’ equity 66,865 60,899 66,364 60,258
Taxable-equivalent adjustment to net interest income 26 29 54 59
Lease revenue 202 199 399 396
Treasury and Corporate Support        
Condensed Income Statement        
Net interest income (taxable-equivalent basis) (160) (215) (336) (310)
Noninterest income (84) (91) (135) (112)
Total net revenue (244) (306) (471) (422)
Compensation and employee benefits 1,215 1,237 2,461 2,532
Other intangibles 0 0 0 0
Net shared services (1,681) (1,692) (3,330) (3,375)
Other direct expenses 655 626 1,355 1,287
Total noninterest expense 189 171 486 444
Income (loss) before provision and income taxes (433) (477) (957) (866)
Provision for credit losses (54) (98) 38 18
Income (loss) before income taxes (379) (379) (995) (884)
Income taxes and taxable-equivalent adjustment (218) (175) (487) (376)
Net income (161) (204) (508) (508)
Net (income) loss attributable to noncontrolling interests (6) (6) (11) (13)
Net income attributable to U.S. Bancorp (167) (210) (519) (521)
Average Balance Sheet        
Loans 1,569 1,260 1,493 1,286
Other earning assets     208,759 216,113
Goodwill 0 0 0 0
Other intangible assets 6 8 6 8
Assets 218,015 225,938 222,024 225,631
Noninterest-bearing deposits 1,712 1,716 1,869 1,795
Interest-bearing deposits 258 9,509 381 9,117
Total deposits 1,970 11,225 2,250 10,912
Total U.S. Bancorp shareholders’ equity 18,244 13,402 18,098 12,785
Wealth, Corporate, Commercial and Institutional Banking | Operating Segments        
Condensed Income Statement        
Net interest income (taxable-equivalent basis) 1,937 1,724 3,811 3,432
Noninterest income 1,834 1,496 3,442 2,918
Total net revenue 3,771 3,220 7,253 6,350
Compensation and employee benefits 666 570 1,253 1,128
Other intangibles 44 46 84 92
Net shared services 611 615 1,216 1,215
Other direct expenses 281 246 526 499
Total noninterest expense 1,602 1,477 3,079 2,934
Income (loss) before provision and income taxes 2,169 1,743 4,174 3,416
Provision for credit losses 129 178 194 220
Income (loss) before income taxes 2,040 1,565 3,980 3,196
Income taxes and taxable-equivalent adjustment 510 391 995 799
Net income 1,530 1,174 2,985 2,397
Net (income) loss attributable to noncontrolling interests 0 0 0 0
Net income attributable to U.S. Bancorp 1,530 1,174 2,985 2,397
Average Balance Sheet        
Loans 213,957 185,545 208,980 183,872
Other earning assets     15,747 13,538
Goodwill 5,028 4,826 4,928 4,825
Other intangible assets 645 817 663 840
Assets 268,412 234,434 262,350 232,532
Noninterest-bearing deposits 57,877 55,230 57,837 55,581
Interest-bearing deposits 227,688 213,621 228,924 216,457
Total deposits 285,565 268,851 286,761 272,038
Total U.S. Bancorp shareholders’ equity 25,064 23,700 24,636 23,604
Consumer and Business Banking | Operating Segments        
Condensed Income Statement        
Net interest income (taxable-equivalent basis) 1,836 1,841 3,635 3,608
Noninterest income 537 535 1,052 1,058
Total net revenue 2,373 2,376 4,687 4,666
Compensation and employee benefits 564 572 1,123 1,140
Other intangibles 51 58 103 117
Net shared services 550 545 1,089 1,091
Other direct expenses 345 342 677 679
Total noninterest expense 1,510 1,517 2,992 3,027
Income (loss) before provision and income taxes 863 859 1,695 1,639
Provision for credit losses 78 37 150 99
Income (loss) before income taxes 785 822 1,545 1,540
Income taxes and taxable-equivalent adjustment 196 206 386 386
Net income 589 616 1,159 1,154
Net (income) loss attributable to noncontrolling interests 0 0 0 0
Net income attributable to U.S. Bancorp 589 616 1,159 1,154
Average Balance Sheet        
Loans 144,008 149,500 144,100 151,702
Other earning assets     2,530 3,335
Goodwill 4,326 4,326 4,326 4,326
Other intangible assets 3,910 4,277 3,912 4,322
Assets 157,112 165,129 157,044 165,877
Noninterest-bearing deposits 18,632 19,732 18,507 19,502
Interest-bearing deposits 206,430 200,548 205,082 199,628
Total deposits 225,062 220,280 223,589 219,130
Total U.S. Bancorp shareholders’ equity 12,865 13,563 12,986 13,637
Payment Services        
Average Balance Sheet        
Rewards and rebate costs and certain partner payments 867 789 1,700 1,500
Revenue generated from certain contracts with customers 2,700 2,400 5,100 4,700
Payment Services | Operating Segments        
Condensed Income Statement        
Net interest income (taxable-equivalent basis) 774 730 1,568 1,472
Noninterest income 1,038 984 1,963 1,896
Total net revenue 1,812 1,714 3,531 3,368
Compensation and employee benefits 240 221 476 437
Other intangibles 19 20 37 38
Net shared services 520 532 1,025 1,069
Other direct expenses 348 243 598 464
Total noninterest expense 1,127 1,016 2,136 2,008
Income (loss) before provision and income taxes 685 698 1,395 1,360
Provision for credit losses 385 384 732 701
Income (loss) before income taxes 300 314 663 659
Income taxes and taxable-equivalent adjustment 75 79 166 165
Net income 225 235 497 494
Net (income) loss attributable to noncontrolling interests 0 0 0 0
Net income attributable to U.S. Bancorp 225 235 497 494
Average Balance Sheet        
Loans 45,947 42,224 44,980 41,917
Other earning assets     6 31
Goodwill 3,479 3,425 3,480 3,409
Other intangible assets 241 258 240 254
Assets 51,171 47,840 50,096 47,338
Noninterest-bearing deposits 2,390 2,439 2,407 2,527
Interest-bearing deposits 93 95 93 95
Total deposits 2,483 2,534 2,500 2,622
Total U.S. Bancorp shareholders’ equity $ 10,692 $ 10,234 $ 10,644 $ 10,232