U.S. Bancorp (USB) 10-K22 Feb 222021 FY Annual reportFinancial data

Company Profile

Cover Page

Cover Page - USD ($) $ in Billions	12 Months Ended
Cover Page - USD ($) $ in Billions	Dec. 31, 2021	Jan. 31, 2022	Jun. 30, 2021
Document Information [Line Items]
Document Type	10-K
Entity Registrant Name	US BANCORP \DE\
Document Period End Date	Dec. 31, 2021
Entity Filer Category	Large Accelerated Filer
Entity Shell Company	false
Entity Current Reporting Status	Yes
Entity Smaller Reporting Company	false
Entity Emerging Growth Company	false
Document Transition Report	false
Document Annual Report	true
Entity File Number	1-6880
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	41-0255900
Entity Interactive Data Current	Yes
Entity Address, Postal Zip Code	55402
Entity Address, City or Town	Minneapolis
Entity Address, State or Province	MN
Entity Address, Address Line One	800 Nicollet Mall
City Area Code	651
Local Phone Number	466-3000
Entity Common Stock, Shares Outstanding		1,483,901,767
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Central Index Key	0000036104
Current Fiscal Year End Date	--12-31
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	Yes
Entity Public Float			$ 84.5
ICFR Auditor Attestation Flag	true
Auditor Name	Ernst & Young LLP
Auditor Firm ID	42
Auditor Location	Minneapolis, Minnesota
Common Stock [Member]
Document Information [Line Items]
Trading Symbol	USB
Title of 12(b) Security	Common Stock
Security Exchange Name	NYSE
Series A Preferred Stock [Member]
Document Information [Line Items]
Trading Symbol	USB PrA
Title of 12(b) Security	Depositary Shares
Security Exchange Name	NYSE
Series B Preferred Stock [Member]
Document Information [Line Items]
Trading Symbol	USB PrH
Title of 12(b) Security	Depositary Shares
Security Exchange Name	NYSE
Series K Preferred Stock [Member]
Document Information [Line Items]
Trading Symbol	USB PrP
Title of 12(b) Security	Depositary Shares
Security Exchange Name	NYSE
Series L Preferred Stock [Member]
Document Information [Line Items]
Trading Symbol	USB PrQ
Title of 12(b) Security	Depositary Shares
Security Exchange Name	NYSE
Series M Preferred Stock [Member]
Document Information [Line Items]
Trading Symbol	USB PrR
Title of 12(b) Security	Depositary Shares
Security Exchange Name	NYSE
Series O Preferred Stock [Member]
Document Information [Line Items]
Trading Symbol	USB PrS
Title of 12(b) Security	Depositary Shares
Security Exchange Name	NYSE
Series X [Member]
Document Information [Line Items]
Trading Symbol	USB/24B
Title of 12(b) Security	Medium-Term Notes
Security Exchange Name	NYSE

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions		Dec. 31, 2021		Dec. 31, 2020
Assets
Cash and due from banks		$ 28,905		$ 62,580
Held-to-maturity (2021 fair value $41,812)	[1]	41,858
Available-for-sale ($557 and $402 pledged as collateral, respectively)	[2]	132,963	[3]	136,840
Loans held for sale (including $6,623 and $8,524 of mortgage loans carried at fair value, respectively)		7,775		8,761
Loans
Total loans		312,028		297,707
Less allowance for loan losses		(5,724)		(7,314)
Net loans		306,304		290,393
Premises and equipment		3,305		3,468
Goodwill		10,262		9,918
Other intangible assets		3,738		2,864
Other assets (including $1,193 and $1,255 of trading securities at fair value pledged as collateral, respectively)	[2]	38,174		39,081
Total assets		573,284		553,905
Deposits
Noninterest-bearing		134,901		118,089
Interest-bearing		321,182		311,681
Total deposits		456,083		429,770
Short-term borrowings		11,796		11,766
Long-term debt		32,125		41,297
Other liabilities		17,893		17,347
Total liabilities		517,897		500,180
Shareholders' equity
Preferred stock		6,371		5,983
Common stock, par value $0.01 a share — authorized: 4,000,000,000 shares; issued: 2021 and 2020 — 2,125,725,742 shares		21		21
Capital surplus		8,539		8,511
Retained earnings		69,201		64,188
Less cost of common stock in treasury: 2021 — 642,223,571 shares; 2020 — 618,618,084 shares		(27,271)		(25,930)
Accumulated other comprehensive income (loss)		(1,943)		322
Total U.S. Bancorp shareholders' equity		54,918		53,095
Noncontrolling interests		469		630
Total equity		55,387		53,725
Total liabilities and equity		573,284		553,905
Commercial
Loans
Total loans		112,023		102,871
Commercial real estate
Loans
Total loans		39,053		39,311
Residential mortgages
Loans
Total loans		76,493		76,155
Credit card
Loans
Total loans		22,500		22,346
Other retail
Loans
Total loans		$ 61,959		$ 57,024

[1]	Information related to asset and mortgage-backed securities included above is presented based upon weighted-average maturities that take into account anticipated future prepayments.
[2]	Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.
[3]	The weighted-average maturity of total available-for-sale investment securities was 3.4 years at December 31, 2020, with a corresponding weighted-average yield of 1.61 percent.

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Millions		Dec. 31, 2021	Dec. 31, 2020
Held-to-maturity securities, Fair Value	[1]	$ 41,812
Securities, pledged as collateral		557	$ 402
Mortgage loans, carried at fair value		$ 6,623	$ 8,524
Common stock, par value		$ 0.01	$ 0.01
Common stock, share-authorized (actual number of shares)		4,000,000,000	4,000,000,000
Common stock, shares issued (actual number of shares)		2,125,725,742	2,125,725,742
Treasury stock, shares (actual number of shares)		642,223,571	618,618,084
Available-for-Sale Securities [Member]
Securities, pledged as collateral		$ 557	$ 402
Trading Assets, Excluding Debt and Equity Securities [Member]
Securities, pledged as collateral		$ 1,193	$ 1,255

[1]	Information related to asset and mortgage-backed securities included above is presented based upon weighted-average maturities that take into account anticipated future prepayments.

Consolidated Statement of Incom

Consolidated Statement of Income - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest Income
Loans	$ 10,747	$ 12,018	$ 14,099
Loans held for sale	232	216	162
Investment securities	2,365	2,428	2,893
Other interest income	143	178	340
Total interest income	13,487	14,840	17,494
Interest Expense
Deposits	320	950	2,855
Short-term borrowings	70	141	360
Long-term debt	603	924	1,227
Total interest expense	993	2,015	4,442
Net interest income	12,494	12,825	13,052
Provision for credit losses	(1,173)	3,806	1,504
Net interest income after provision for credit losses	13,667	9,019	11,548
Noninterest Income
Credit and debit card revenue	1,507	1,338	1,413
Corporate payment products revenue	575	497	664
Merchant processing services	1,449	1,261	1,601
Trust and investment management fees	1,832	1,736	1,673
Deposit service charges	724	677	909
Treasury management fees	614	568	578
Commercial products revenue	1,102	1,143	934
Mortgage banking revenue	1,361	2,064	874
Investment products fees	239	192	186
Securities gains (losses), net	103	177	73
Other	721	748	926
Total noninterest income	10,227	10,401	9,831
Noninterest Expense
Compensation	7,299	6,635	6,325
Employee benefits	1,429	1,303	1,286
Net occupancy and equipment	1,048	1,092	1,123
Professional services	492	430	454
Marketing and business development	366	318	426
Technology and communications	1,454	1,294	1,095
Postage, printing and supplies	274	288	290
Other intangibles	159	176	168
Other	1,207	1,833	1,618
Total noninterest expense	13,728	13,369	12,785
Income before income taxes	10,166	6,051	8,594
Applicable income taxes	2,181	1,066	1,648
Net income (loss)	7,985	4,985	6,946
Net (income) loss attributable to noncontrolling interests	(22)	(26)	(32)
Net income (loss) attributable to U.S. Bancorp	7,963	4,959	6,914
Net income applicable to U.S. Bancorp common shareholders	$ 7,605	$ 4,621	$ 6,583
Earnings per common share	$ 5.11	$ 3.06	$ 4.16
Diluted earnings per common share	$ 5.10	$ 3.06	$ 4.16
Average common shares outstanding	1,489	1,509	1,581
Average diluted common shares outstanding	1,490	1,510	1,583

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 7,985	$ 4,985	$ 6,946
Other Comprehensive Income (Loss)
Changes in unrealized gains (losses) on investment securities available-for-sale	(3,698)	2,905	1,693
Unrealized gains (losses) on held-to-maturity investment securities transferred to available-for-sale			141
Changes in unrealized gains (losses) on derivative hedges	125	(194)	(229)
Foreign currency translation	35	2	26
Changes in unrealized gains (losses) on retirement plans	400	(401)	(380)
Reclassification to earnings of realized (gains) losses	104	(42)	20
Income taxes related to other comprehensive income (loss)	769	(575)	(322)
Total other comprehensive income (loss)	(2,265)	1,695	949
Comprehensive income	5,720	6,680	7,895
Comprehensive (income) loss attributable to noncontrolling interests	(22)	(26)	(32)
Comprehensive income attributable to U.S. Bancorp	$ 5,698	$ 6,654	$ 7,863

Consolidated Statement of Share

Consolidated Statement of Shareholders' Equity - USD ($) shares in Millions, $ in Millions		Total	Cumulative Effect, Period of Adoption, Adjustment [Member]		Common Stock [Member]	Preferred Stock [Member]	Capital Surplus [Member]	Retained Earnings [Member]	Retained Earnings [Member]Cumulative Effect, Period of Adoption, Adjustment [Member]		Treasury Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total U.S. Bancorp Shareholders' Equity [Member]	Total U.S. Bancorp Shareholders' Equity [Member]Cumulative Effect, Period of Adoption, Adjustment [Member]		Noncontrolling Interests [Member]
Beginning Balance at Dec. 31, 2018		$ 51,657	$ 2		$ 21	$ 5,984	$ 8,469	$ 59,065	$ 2		$ (20,188)	$ (2,322)	$ 51,029	$ 2		$ 628
Shares, Beginning Balance at Dec. 31, 2018					1,608
Net income (loss)		6,946						6,914					6,914			32
Other comprehensive income (loss)		949										949	949
Preferred stock dividends	[1]	(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
Shares, Ending Balance at Dec. 31, 2019					1,534
Ending Balance at Dec. 31, 2019		52,483	$ (1,099)	[2]	$ 21	5,984	8,475	63,186	$ (1,099)	[2]	(24,440)	(1,373)	51,853	$ (1,099)	[2]	630
Net income (loss)		4,985						4,959					4,959			26
Other comprehensive income (loss)		1,695										1,695	1,695
Preferred stock dividends	[3]	(304)						(304)					(304)
Common stock dividends		(2,541)						(2,541)					(2,541)
Issuance of preferred stock		486				486							486
Call and redemption of preferred stock		(500)				(487)		(13)					(500)
Issuance of common and treasury stock		17					(154)				171		17
Issuance of common and treasury stock, shares					4
Purchase of treasury stock		$ (1,661)									(1,661)		(1,661)
Purchase of treasury stock, shares		(31)			(31)
Distributions to noncontrolling interests		$ (25)														(25)
Net other changes in noncontrolling interests		(1)														(1)
Stock option and restricted stock grants		$ 190					190						190
Shares, Ending Balance at Dec. 31, 2020		1,500			1,507
Ending Balance at Dec. 31, 2020		$ 53,725			$ 21	5,983	8,511	64,188			(25,930)	322	53,095			630
Net income (loss)		7,985						7,963					7,963			22
Other comprehensive income (loss)		(2,265)										(2,265)	(2,265)
Preferred stock dividends	[4]	(303)						(303)					(303)
Common stock dividends		(2,630)						(2,630)					(2,630)
Issuance of preferred stock		2,221				2,221							2,221
Call and redemption of preferred stock		(1,850)				(1,833)		(17)					(1,850)
Issuance of common and treasury stock		46					(169)				215		46
Issuance of common and treasury stock, shares					5
Purchase of treasury stock		$ (1,556)									(1,556)		(1,556)
Purchase of treasury stock, shares		(28)			(28)
Distributions to noncontrolling interests		$ (20)														(20)
Purchase of noncontrolling interests		(167)														(167)
Net other changes in noncontrolling interests		4														4
Stock option and restricted stock grants		$ 197					197						197
Shares, Ending Balance at Dec. 31, 2021		1,500			1,484
Ending Balance at Dec. 31, 2021		$ 55,387			$ 21	$ 6,371	$ 8,539	$ 69,201			$ (27,271)	$ (1,943)	$ 54,918			$ 469

[1]	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.
[2]	Effective January 1, 2020, the Company adopted accounting guidance which changed impairment recognition of financial instruments to a model that is based on expected losses rather than incurred losses. Upon adoption, the Company increased its allowance for credit losses and reduced retained earnings net of deferred taxes through a cumulative-effect adjustment.
[3]	Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series H, Series I, Series J, Series K and Series L Non-Cumulative Perpetual Preferred Stock of $3,558.332, $889.58, $1,625.00, $1,287.52, $1,281.25, $1,325.00, $1,375.00 and $203.13, respectively.
[4]	Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series I, Series J, Series K, Series L, Series M and Series N Non-Cumulative Perpetual Preferred Stock of $3,548.61, $887.153, $1,625.00, $232.953, $1,325.00, $1,375.00, $937.50, $952.778 and $202.986, respectively.

Consolidated Statement of Sha_2

Consolidated Statement of Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Common stock dividends, share	$ 1.76	$ 1.68	$ 1.58
Series A [Member]
Preferred stock dividends declared per share	3,548.61	3,558.332	3,654.95
Series B [Member]
Preferred stock dividends declared per share	887.153	889.58	887.15
Series F [Member]
Preferred stock dividends declared per share	1,625	1,625	1,625
Series H [Member]
Preferred stock dividends declared per share		1,287.52	1,287.52
Series I [Member]
Preferred stock dividends declared per share	232.953	1,281.25	1,281.25
Series J [Member]
Preferred stock dividends declared per share	1,325	1,325	1,325
Series K [Member]
Preferred stock dividends declared per share	1,375	1,375	$ 1,375
Series L [Member]
Preferred stock dividends declared per share	937.50	$ 203.13
Series M [Member]
Preferred stock dividends declared per share	952.778
Series N [Member]
Preferred stock dividends declared per share	$ 202.986

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating Activities
Net income attributable to U.S. Bancorp	$ 7,963	$ 4,959	$ 6,914
Adjustments to reconcile net income to net cash provided by operating activities
Provision for credit losses	(1,173)	3,806	1,504
Depreciation and amortization of premises and equipment	338	351	334
Amortization of intangibles	159	176	168
(Gain) loss on sale of loans held for sale	(1,135)	(2,193)	(762)
(Gain) loss on sale of securities and other assets	(398)	(344)	(469)
Loans originated for sale, net of repayments	(72,627)	(67,449)	(36,561)
Proceeds from sales of loans held for sale	74,315	65,468	33,303
Other, net	2,428	(1,058)	458
Net cash provided by operating activities	9,870	3,716	4,889
Investing Activities
Proceeds from sales of available-for-sale investment securities	16,075	15,596	11,252
Proceeds from maturities of held-to-maturity investment securities	1,093		9,137
Proceeds from maturities of available-for-sale investment securities	41,199	40,639	11,454
Purchases of held-to-maturity investment securities	(1,088)		(6,701)
Purchases of available-for-sale investment securities	(99,045)	(68,662)	(33,814)
Net increase (decrease) in loans outstanding	(17,459)	6,350	(9,871)
Proceeds from sales of loans	6,183	2,250	2,899
Purchases of loans	(4,466)	(11,622)	(3,805)
Net decrease (increase) in securities purchased under agreements to resell	18	645	(816)
Other, net	3	(636)	(1,295)
Net cash used in investing activities	(57,487)	(15,440)	(21,560)
Financing Activities
Net increase in deposits	26,313	67,854	16,441
Net increase (decrease) in short-term borrowings	30	(11,957)	9,584
Proceeds from issuance of long-term debt	2,626	14,501	9,899
Principal payments or redemption of long-term debt	(11,432)	(14,476)	(11,119)
Proceeds from issuance of preferred stock	2,221	486
Proceeds from issuance of common stock	43	15	88
Repurchase of preferred stock	(1,250)
Repurchase of common stock	(1,555)	(1,672)	(4,525)
Cash dividends paid on preferred stock	(308)	(300)	(302)
Cash dividends paid on common stock	(2,579)	(2,552)	(2,443)
Purchase of noncontrolling interests	(167)
Net cash provided by financing activities	13,942	51,899	17,623
Change in cash and due from banks	(33,675)	40,175	952
Cash and due from banks at beginning of period	62,580	22,405	21,453
Cash and due from banks at end of period	28,905	62,580	22,405
Supplemental Cash Flow Disclosures
Cash paid for income taxes	535	1,025	941
Cash paid for interest	1,061	2,199	4,404
Noncash transfer of held-to-maturity investment securities to available-for-sale			43,596
Noncash transfer of available-for-sale investment securities to held-to-maturity	41,823
Net noncash transfers to foreclosed property	14	23	60
Assets (sold) acquired	749	828	407
Liabilities sold (assumed)	(88)	(272)	36
Net	$ 661	$ 556	$ 443

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
Significant Accounting Policies	Dec. 31, 2021
Accounting Policies [Abstract]
Significant Accounting Policies	NOTE 1 Significant Accounting Policies U.S. Bancorp is a financial services holding company headquartered in Minneapolis, Minnesota, serving millions of local, national and global customers. U.S. Bancorp and its subsidiaries (the “Company”) provide a full range of financial services, including lending and depository services through banking offices principally in the Midwest and West regions of the United States, through on-line services, over mobile devices and through other distribution channels. The Company also engages in credit card, merchant, and ATM processing, mortgage banking, cash management, capital markets, insurance, trust and investment management, brokerage, and leasing activities, principally in domestic markets. Basis of Presentation Uses of Estimates Securities Realized gains or losses on securities are determined on a trade date basis based on the specific amortized cost of the investments sold. Trading Securities Available-for-sale Held-to-maturity Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase Equity Investments Equity investments in entities where the Company has a significant influence (generally between 20 percent and 50 percent ownership), but does not control the entity, are accounted for using the equity method. Investments in limited partnerships and similarly structured limited liability companies where the Company’s ownership interest is greater than 5 percent are accounted for using the equity method. Equity investments not using the equity method are accounted for at fair value with changes in fair value and realized gains or losses reported in noninterest income, unless fair value is not readily determinable, in which case the investment is carried at cost subject to adjustments for any observable market transactions on the same or similar instruments of the investee. Most of the Company’s equity investments do not have readily determinable fair values. All equity investments are evaluated for impairment at least annually and more frequently if certain criteria are met. Loans The Company offers a broad array of lending products and categorizes its loan portfolio into two segments, which is the level at which it develops and documents a systematic methodology to determine the allowance for credit losses. The Company’s two loan portfolio segments are commercial lending and consumer lending. The Company further disaggregates its loan portfolio segments into various classes based on their underlying risk characteristics. The two classes within the commercial lending segment are commercial loans and commercial real estate loans. The three classes within the consumer lending segment are residential mortgages, credit card loans and other retail loans. Originated Loans Held for Investment Purchased Loans 2020 are divided into those considered purchased with more than insignificant credit deterioration (“PCD”) and those not considered purchased with more than insignificant credit deterioration. An allowance for credit losses is established for each population and considers product mix, risk characteristics of the portfolio, bankruptcy experience, delinquency status and refreshed loan-to-value Commitments to Extend Credit Allowance for Credit Losses Multiple economic scenarios are considered over a three-year reasonable and supportable forecast period, which includes increasing consideration of historical loss experience over years two and three. These economic scenarios are constructed with interrelated projections of multiple economic variables, and loss estimates are produced that consider the historical correlation of those economic variables with credit losses. After the forecast period, the Company fully reverts to long-term historical loss experience, adjusted for prepayments and characteristics of the current loan and lease portfolio, to estimate losses over the remaining life of the portfolio. The economic scenarios are updated at least quarterly and are designed to provide a range of reasonable estimates, from better to worse than current expectations. Scenarios are weighted based on the Company’s expectation of economic conditions for the foreseeable future and reflect significant judgment and consideration of uncertainties that exist. Final loss estimates also consider factors affecting credit losses not reflected in the scenarios, due to the unique aspects of current conditions and expectations. These factors may include, but are not limited to, loan servicing practices, regulatory guidance, and/or fiscal and monetary policy actions. The allowance recorded for credit losses utilizes forward-looking expected loss models to consider a variety of factors affecting lifetime credit losses. These factors include, but are not limited to, macroeconomic variables such as unemployment rates, real estate prices, gross domestic product levels and corporate bond spreads, as well as loan and borrower characteristics, such as internal risk ratings on commercial loans and consumer credit scores, delinquency status, collateral type and available valuation information, consideration of end-of-term charged-off The allowance recorded for Troubled Debt Restructuring (“TDR”) loans in the consumer lending segment is determined on a homogenous pool basis utilizing expected cash flows discounted using the original effective interest rate of the pool. TDRs generally do not include loan modifications granted to customers resulting directly from the economic effects of the COVID-19 The Company’s methodology for determining the appropriate allowance for credit losses also considers the imprecision inherent in the methodologies used and allocated to the various loan portfolios. As a result, amounts determined under the methodologies described above are adjusted by management to consider the potential impact of other qualitative factors not captured in the quantitative model adjustments which include, but are not limited to, the following: model imprecision, imprecision in economic scenario assumptions, and emerging risks related to either changes in the economic environment that are affecting specific portfolios, or changes in portfolio concentrations over time that may affect model performance. The consideration of these items results in adjustments to allowance amounts included in the Company’s allowance for credit losses for each loan portfolio. The Company also assesses the credit risk associated with off-balance off-balance The results of the analysis are evaluated quarterly to confirm the estimates are appropriate for each specific loan portfolio, as well as the entire loan portfolio, as the entire allowance for credit losses is available for the entire loan portfolio. Prior to January 1, 2020, the allowance for credit losses was established based on an incurred loss model. The allowance recorded for loans in the commercial lending segment was based on the migration analysis of commercial loans and actual loss experience. The allowance recorded for loans in the consumer lending segment Credit Quality For all loan portfolio classes, loans are considered past due based on the number of days delinquent except for monthly amortizing loans which are classified delinquent based upon the number of contractually required payments not made (for example, two missed payments is considered 30 days delinquent). When a loan is placed on nonaccrual status, unpaid accrued interest is reversed, reducing interest income in the current period. Commercial lending segment loans are generally placed on nonaccrual status when the collection of principal and interest has become 90 days past due or is otherwise considered doubtful. Commercial lending segment loans are generally fully charged down if unsecured by collateral Consumer lending segment loans are generally charged-off 1-4 charge-off 1-4 family charged-off. charged-off 1-4 charged-off charged-off charge-off. For all loan classes, interest payments received on nonaccrual loans are generally recorded as a reduction to a loan’s carrying amount while a loan is on nonaccrual and are recognized as interest income upon payoff of the loan. However, interest income may be recognized for interest payments if the remaining carrying amount of the loan is believed to be collectible. In certain circumstances, loans in any class may be restored to accrual status, such as when a loan has demonstrated sustained repayment performance or no amounts are past due and prospects for future payment are no longer in doubt; or when the loan becomes well secured and is in the process of collection. Loans where there has been a partial charge-off may be returned to accrual status if all principal and interest (including amounts previously charged-off) is expected to be collected and the loan is current. The Company classifies its loan portfolio classes using internal credit quality ratings on a quarterly basis. These ratings include pass, special mention and classified, and are an important part of the Company’s overall credit risk management process and evaluation of the allowance for credit losses. Loans with a pass rating represent those loans not classified on the Company’s rating scale for problem credits, as minimal credit risk has been identified. Special mention loans are those loans that have a potential weakness deserving management’s close attention. Classified loans are those loans where a well-defined weakness has been identified that may put full collection of contractual cash flows at risk. It is possible that others, given the same information, may reach different reasonable conclusions regarding the credit quality rating classification of specific loans. Troubled Debt Restructurings The Company has implemented certain restructuring programs that may result in TDRs. However, many of the Company’s TDRs are also determined on a case-by-case For the commercial lending segment, modifications generally result in the Company working with borrowers on a case-by-case Modifications for the consumer lending segment are generally part of programs the Company has initiated. The Company modifies residential mortgage loans under Federal Housing Administration, United States Department of Veterans Affairs, or its own internal programs. Under these programs, the Company offers qualifying homeowners the opportunity to permanently modify their loan and achieve more affordable monthly payments by providing loan concessions. These concessions may include adjustments to interest rates, conversion of adjustable rates to fixed rates, extension of maturity dates or deferrals of payments, capitalization of accrued interest and/or outstanding advances, or in limited situations, partial forgiveness of loan principal. In most instances, participation in residential mortgage loan restructuring programs requires the customer to complete a short-term trial period. A permanent loan modification is contingent on the customer successfully completing the trial period arrangement, and the loan documents are not modified until that time. The Company reports loans in a trial period arrangement as TDRs and continues to report them as TDRs after the trial period. Credit card and other retail loan TDRs are generally part of distinct restructuring programs providing customers experiencing financial difficulty with modifications whereby balances may be amortized up to 60 months, and generally include waiver of fees and reduced interest rates. In addition, the Company considers secured loans to consumer borrowers that have debt discharged through bankruptcy where the borrower has not reaffirmed the debt to be TDRs. Loan modifications or concessions granted to borrowers resulting directly from the effects of the COVID-19 Leases end-of-term Residual values on leased assets are reviewed regularly for impairment. Residual valuations for retail leases are based on independent assessments of expected used automobile sale prices at the end of the lease term. Impairment tests are conducted based on these valuations considering the probability of the lessee returning the asset to the Company, re-marketing end-of-term off-lease The Company, as lessee, leases certain assets for use in its operations. Leased assets primarily include retail branches, operations centers and other corporate locations, and, to a lesser extent, office and computer equipment. For each lease with an original term greater than 12 months, the Company records a lease liability and a corresponding right of use (“ROU”) asset. The Company accounts for the lease and non-lease Certain of the Company’s real estate leases include options to extend. Lease extension options are generally exercisable at market rates. Such option periods do not provide a significant incentive, and their exercise is not reasonably certain. Accordingly, the Company does not generally recognize payments occurring during option periods in the calculation of its ROU assets and lease liabilities. Other Real Estate Loans Held For Sale Loans held for sale (“LHFS”) represent mortgage loans intended to be sold in the secondary market and other loans that management has an active plan to sell. LHFS are carried at the lower-of-cost-or-fair Where an election is made to carry the LHFS at fair value, any change in fair value is recognized in noninterest income. Where an election is made to carry LHFS at lower-of-cost-or-fair Derivative Financial Instruments In the ordinary course of business, the Company enters into derivative transactions to manage various risks and to accommodate the business requirements of its customers. Derivative instruments are reported in other assets or other liabilities at fair value. Changes in a derivative’s fair value are recognized currently in earnings unless specific hedge accounting criteria are met. All derivative instruments that qualify and are designated for hedge accounting are recorded at fair value and classified as either a hedge of the fair value of a recognized asset or liability (“fair value hedge”); a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability (“cash flow hedge”); or a hedge of the volatility of a net investment in foreign operations driven by changes in foreign currency exchange rates (“net investment hedge”). Changes in the fair value of a derivative that is highly effective and designated as a fair value hedge, and the offsetting changes in the fair value of the hedged item, are recorded in earnings. Changes in the fair value of a derivative that is highly effective and designated as a cash flow hedge are recorded in other comprehensive income (loss) until cash flows of the hedged item are realized. Changes in the fair value of net investment hedges that are highly effective are recorded in other comprehensive income (loss). The Company performs an assessment, at inception and, at a minimum, quarterly thereafter, to determine the effectiveness of the derivative in offsetting changes in the value or cash flows of the hedged item(s). If a derivative designated as a cash flow hedge is terminated or ceases to be highly effective, the gain or loss in other comprehensive income (loss) is amortized to earnings over the period the forecasted hedged transactions impact earnings. If a hedged forecasted transaction is no longer probable, hedge accounting is ceased and any gain or loss included in other comprehensive income (loss) is reported in earnings immediately, unless the forecasted transaction is at least reasonably possible of occurring, whereby the amounts remain within other comprehensive income (loss). Revenue Recognition In the ordinary course of business, the Company recognizes income derived from various revenue generating activities. Certain revenues are generated from contracts where they are recognized when, or as services or products are transferred to customers for amounts the Company expects to be entitled. Revenue generating activities related to financial assets and liabilities are also recognized; including mortgage servicing fees, loan commitment fees, foreign currency remeasurements, and gains and losses on securities, equity investments and unconsolidated subsidiaries. Certain specific policies include the following: Credit and Debit Card Revenue Corporate Payment Products Revenue Merchant Processing Services point-of-sale Trust and Investment Management Fees Deposit Service Charges Treasury Management Fees Commercial Products Revenue non-yield Mortgage Banking Revenue Investment Products Fees Other Noninterest Income Other Significant Policies Goodwill and Other Intangible Assets at their fair value upon completion of a business acquisition or certain other transactions, and generally represent the value of customer contracts or relationships. Goodwill is not amortized but is subject, at a minimum, to annual tests for impairment at a reporting unit level. In certain situations, an interim impairment test may be required if events occur or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. Other intangible assets are amortized over their estimated useful lives, using straight-line and accelerated methods and are subject to impairment if events or circumstances indicate a possible inability to realize the carrying amount. Determining the amount of goodwill impairment, if any, includes assessing whether the carrying value of a reporting unit exceeds its fair value. Determining the amount of other intangible asset impairment, if any, includes assessing the present value of the estimated future cash flows associated with the intangible asset and comparing it to the carrying amount of the asset. Income Taxes Mortgage Servicing Rights Pensions year-end Statement of Income, with all other components of periodic pension expense included in other noninterest expense on the Consolidated Statement of Income. Pension accounting reflects the long-term nature of benefit obligations and the investment horizon of plan assets, and can have the effect of reducing earnings volatility related to short-term changes in interest rates and market valuations. Actuarial gains and losses include the impact of plan amendments and various unrecognized gains and losses which are deferred and amortized over the future service periods of active employees or the remaining life expectancies of inactive participants. The market-related value utilized to determine the expected return on plan assets is based on fair value adjusted for the difference between expected returns and actual performance of plan assets. The unrealized difference between actual experience and expected returns is included in expense over a period of approximately 15 years for active employees and approximately 30 years for inactive participants. The overfunded or underfunded status of each plan is recorded as an asset or liability on the Consolidated Balance Sheet, with changes in that status recognized through other comprehensive income (loss). Premises and Equipment The Company, as lessee, records an ROU asset for each lease with an original term greater than 12 months. ROU assets are included in premises and equipment, with the corresponding lease liabilities included in long-term debt and other liabilities. Capitalized Software internal-use Stock-Based Compensation restrictions are released, the Company may be required to recognize an adjustment to tax expense, depending on the market price of the Company’s common stock at that time. Per Share Calculations two-class two-class

Accounting Changes

Accounting Changes	12 Months Ended
Accounting Changes	Dec. 31, 2021
Accounting Changes and Error Corrections [Abstract]
Accounting Changes	NOTE 2 Accounting Changes Reference Interest Rate Transition and exceptions in accounting for eligible contract modifications, eligible existing hedging relationships and new hedging relationships available through December 31, 2022. The adoption of this guidance has not had, and is expected to continue to not have, a material impact on the Company’s financial statements.

Business Combinations

Business Combinations	12 Months Ended
Business Combinations	Dec. 31, 2021
Business Combinations [Abstract]
Business Combinations	NOTE 3 Business Combinations In September 2021, the Company announced that it has entered into a definitive agreement to acquire MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group (“MUFG”), for an expected purchase price of approximately $8.0 billion, including $5.5 billion in cash and approximately 44 million shares of the Company’s common stock. The transaction excludes the purchase of MUFG Union Bank’s Global Corporate & Investment Bank, certain middle and back office functions, and other assets. MUFG Union Bank currently has approximately 300 branches in California, Washington and Oregon and is expected to add approximately $105 billion in total assets, $58 billion of loans and $90 billion of deposits to the Company’s consolidated balance sheet. The transaction is expected to close in the first half of 2022, subject to customary closing conditions, including regulatory approvals.

Restrictions on Cash and Due fr

Restrictions on Cash and Due from Banks	12 Months Ended
Restrictions on Cash and Due from Banks	Dec. 31, 2021
Text Block [Abstract]
Restrictions on Cash and Due from Banks	NOTE 4 Restrictions on Cash and Due from Banks Banking regulators require bank subsidiaries to maintain minimum average reserve balances, either in the form of vault cash or reserve balances held with central banks or other financial institutions. The amount of required reserve balances were approximately $78 million and $73 million at December 31, 2021 and 2020, respectively. The Company held balances at central banks and other financial institutions of $23.0 billion and $55.4 billion at December 31, 2021 and 2020, respectively, to meet these requirements and for other purposes. These balances are included in cash and due from banks on the Consolidated Balance Sheet.

Investment Securities

Investment Securities	12 Months Ended
Investment Securities	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Investment Securities	NOTE 5 Investment Securities The amortized cost, gross unrealized holding gains and losses, and fair value of held-to-maturity available-for-sale 2021 2020 (Dollars in Millions) Amortized Unrealized Unrealized Fair Amortized Unrealized Unrealized Fair Held-to-maturity Residential agency mortgage-backed securities $ 41,858 $ 2 $ (48 ) $ 41,812 $ – $ – $ – $ – Total held-to-maturity $ 41,858 $ 2 $ (48 ) $ 41,812 $ – $ – $ – $ – Available-for-sale U.S. Treasury and agencies $ 36,648 $ 205 $ (244 ) $ 36,609 $ 21,954 $ 462 $ (25 ) $ 22,391 Mortgage-backed securities Residential agency 76,761 665 (347 ) 77,079 98,031 1,950 (13 ) 99,968 Commercial agency 8,633 53 (201 ) 8,485 5,251 170 (15 ) 5,406 Asset-backed securities 62 4 – 66 200 5 – 205 Obligations of state and political subdivisions 10,130 607 (20 ) 10,717 8,166 695 – 8,861 Other 7 – – 7 9 – – 9 Total available-for-sale $ 132,241 $ 1,534 $ (812 ) $ 132,963 $ 133,611 $ 3,282 $ (53 ) $ 136,840 During the fourth quarter of 2021, the Company transferred $43.1 billion amortized cost ($41.8 billion fair value) of available-for-sale held-to-maturity Investment securities with a fair value of $30.7 billion at December 31, 2021, and $11.0 billion at December 31, 2020, were pledged to secure public, private and trust deposits, repurchase agreements and for other purposes required by contractual obligation or law. Included in these amounts were securities where the Company and certain counterparties have agreements granting the counterparties the right to sell or pledge the securities. Investment securities securing these types of arrangements had a fair value of $557 million at December 31, 2021, and $402 million at December 31, 2020. The following table provides information about the amount of interest income from taxable and non-taxable Year Ended December 31 (Dollars in Millions) 2021 2020 2019 Taxable $ 2,103 $ 2,201 $ 2,680 Non-taxable 262 227 213 Total interest income from investment securities $ 2,365 $ 2,428 $ 2,893 The following table provides information about the amount of gross gains and losses realized through the sales of available-for-sale Year Ended December 31 (Dollars in Millions) 2021 2020 2019 Realized gains $ 122 $ 200 $ 99 Realized losses (19 ) (23 ) (26 ) Net realized gains $ 103 $ 177 $ 73 Income tax on net realized gains $ 26 $ 45 $ 18 The Company conducts a regular assessment of its available-for-sale investment securities with unrealized losses to determine whether all or some portion of a security’s unrealized loss is related to credit and an allowance for credit losses is necessary. If the Company intends to sell or it is more likely than not the Company will be required to sell an investment security, the amortized cost of the security is written down to fair value. When evaluating credit losses, the Company considers various factors such as the nature of the investment security, the credit ratings or financial condition of the issuer, the extent of the unrealized loss, expected cash flows of underlying collateral, the existence of any government or agency guarantees, and market conditions. The Company measures the allowance for credit losses using market information where available and discounting the cash flows at the original effective rate of the investment security. The allowance for credit losses is adjusted each period through earnings and can be subsequently recovered. The allowance for credit losses on the Company’s available-for-sale investment securities was immaterial at December 31, 2021 and December 31, 2020. At December 31, 2021, certain investment securities had a fair value below amortized cost. The following table shows the gross unrealized losses and fair value of the Company’s available-for-sale Less Than 12 Months 12 Months or Greater Total (Dollars in Millions) Fair Unrealized Fair Unrealized Fair Unrealized U.S. Treasury and agencies $ 11,445 $ (100 ) $ 2,879 $ (144 ) $ 14,324 $ (244 ) Residential agency mortgage-backed securities 39,720 (342 ) 263 (5 ) 39,983 (347 ) Commercial agency mortgage-backed securities 4,463 (104 ) 1,764 (97 ) 6,227 (201 ) Asset-backed securities – – 2 – 2 – Obligations of state and political subdivisions 1,500 (20 ) – – 1,500 (20 ) Other 6 – – – 6 – Total investment securities $ 57,134 $ (566 ) $ 4,908 $ (246 ) $ 62,042 $ (812 ) These unrealized losses primarily relate to changes in interest rates and market spreads subsequent to purchase of these available-for-sale sell investment securities with unrealized losses, and believes it is more likely than not it would not be required to sell such investment securities before recovery of their amortized cost. During the year ended December 31, 2021 and 2020, the Company did not purchase any investment securities that had more-than-insignificant credit deterioration. All of the Company’s held-to-maturity held-to-maturity The following table provides information about the amortized cost, fair value and yield by maturity date of the investment securities outstanding at December 31, 2021: (Dollars in Millions) Amortized Fair Value Weighted- Weighted- (e) Held-to-maturity Mortgage-Backed Securities (a) Maturing in one year or less $ – $ – – – % Maturing after one year through five years 2 2 4.8 1.69 Maturing after five years through ten years 41,856 41,810 7.4 1.45 Maturing after ten years – – – – Total $ 41,858 $ 41,812 7.4 1.45 % Total held-to-maturity $ 41,858 $ 41,812 7.4 1.45 % Available-for-sale U.S. Treasury and Agencies Maturing in one year or less $ 2,724 $ 2,744 .6 1.91 % Maturing after one year through five years 8,400 8,483 2.9 1.52 Maturing after five years through ten years 22,469 22,378 8.1 1.44 Maturing after ten years 3,055 3,004 12.0 1.99 Total $ 36,648 $ 36,609 6.7 1.54 % Mortgage-Backed Securities (a) Maturing in one year or less $ 104 $ 104 .7 2.02 % Maturing after one year through five years 42,711 43,267 3.6 1.47 Maturing after five years through ten years 42,560 42,174 6.3 1.70 Maturing after ten years 19 19 12.4 1.24 Total $ 85,394 $ 85,564 4.9 1.58 % Asset-Backed Securities (a) Maturing in one year or less $ – $ – .5 2.69 % Maturing after one year through five years 3 4 2.6 1.62 Maturing after five years through ten years 59 61 5.3 1.52 Maturing after ten years – 1 12.9 2.41 Total $ 62 $ 66 5.2 1.53 % Obligations of State and Political Subdivisions (b) (c) Maturing in one year or less $ 393 $ 398 .5 4.30 % Maturing after one year through five years 2,954 3,178 4.1 4.25 Maturing after five years through ten years 6,217 6,579 7.2 3.45 Maturing after ten years 566 562 17.7 2.58 Total $ 10,130 $ 10,717 6.6 3.67 % Other Maturing in one year or less $ – $ – – – % Maturing after one year through five years 7 7 3.4 2.07 Maturing after five years through ten years – – – – Maturing after ten years – – – – Total $ 7 $ 7 3.4 2.07 % Total available-for-sale (d) $ 132,241 $ 132,963 5.5 1.73 % (a) Information related to asset and mortgage-backed securities included above is presented based upon weighted-average maturities that take into account anticipated future prepayments. (b) Information related to obligations of state and political subdivisions is presented based upon yield to first optional call date if the security is purchased at a premium, and yield to maturity if the security is purchased at par or a discount. (c) Maturity calculations for obligations of state and political subdivisions are based on the first optional call date for securities with a fair value above par and the contractual maturity date for securities with a fair value equal to or below par. (d) The weighted-average maturity of total available-for-sale (e) Weighted-average yields for obligations of state and political subdivisions are presented on a fully-taxable equivalent basis based on a federal income tax rate of 21 percent. Yields on investment securities are computed based on amortized cost balances, excluding any premiums or discounts recorded related to the transfer of investment securities at fair value from available-for-sale held-to-maturity.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	12 Months Ended
Loans and Allowance for Credit Losses	Dec. 31, 2021
Receivables [Abstract]
Loans and Allowance for Credit Losses	NOTE 6 Loans and Allowance for Credit Losses The composition of the loan portfolio at December 31, disaggregated by class and underlying specific portfolio type, was as follows: (Dollars in Millions) 2021 2020 Commercial Commercial $ 106,912 $ 97,315 Lease financing 5,111 5,556 Total commercial 112,023 102,871 Commercial Real Estate Commercial mortgages 28,757 28,472 Construction and development 10,296 10,839 Total commercial real estate 39,053 39,311 Residential Mortgages Residential mortgages 67,546 66,525 Home equity loans, first liens 8,947 9,630 Total residential mortgages 76,493 76,155 Credit Card 22,500 22,346 Other Retail Retail leasing 7,256 8,150 Home equity and second mortgages 10,446 12,472 Revolving credit 2,750 2,688 Installment 16,514 13,823 Automobile 24,866 19,722 Student 127 169 Total other retail 61,959 57,024 Total loans $ 312,028 $ 297,707 The Company had loans of $92.1 billion at December 31, 2021, and $96.1 billion at December 31, 2020, pledged at the Federal Home Loan Bank, and loans of $76.9 billion at December 31, 2021, and $67.8 billion at December 31, 2020, pledged at the Federal Reserve Bank. The Company offers a broad array of lending products to consumer and commercial customers, in various industries, across several geographical locations, predominately in the states in which it has Consumer and Business Banking offices. Collateral for commercial and commercial real estate loans may include marketable securities, accounts receivable, inventory, equipment, real estate, or the related property. Originated loans are reported at the principal amount outstanding, net of unearned interest and deferred fees and costs, and any partial charge-offs recorded. Net unearned interest and deferred fees and costs amounted to $475 million at December 31, 2021 and $763 million at December 31, 2020. All purchased loans are recorded at fair value at the date of purchase. Beginning January 1, 2020, the Company evaluates purchased loans for more-than-insignificant deterioration at the date of purchase in accordance with applicable authoritative accounting guidance. Purchased loans that have experienced more-than-insignificant deterioration from origination are considered purchased credit deteriorated loans. All other purchased loans are considered non-purchased Allowance for Credit Losses Activity in the allowance for credit losses by portfolio class was as follows: (Dollars in Millions) Commercial Commercial Residential Credit Other Total Balance at December 31, 2020 $ 2,423 $ 1,544 $ 573 $ 2,355 $ 1,115 $ 8,010 Add Provision for credit losses (471 ) (419 ) (40 ) (170 ) (73 ) (1,173 ) Deduct Loans charged-off 222 29 18 686 253 1,208 Less recoveries of loans charged-off (119 ) (27 ) (50 ) (174 ) (156 ) (526 ) Net loan charge-offs (recoveries) 103 2 (32 ) 512 97 682 Balance at December 31, 2021 $ 1,849 $ 1,123 $ 565 $ 1,673 $ 945 $ 6,155 Balance at December 31, 2019 $ 1,484 $ 799 $ 433 $ 1,128 $ 647 $ 4,491 Add Change in accounting principle (a) 378 (122 ) (30 ) 872 401 1,499 Provision for credit losses 1,074 1,054 158 1,184 336 3,806 Deduct Loans charged-off 575 210 19 975 401 2,180 Less recoveries of loans charged-off (62 ) (23 ) (31 ) (146 ) (132 ) (394 ) Net loan charge-offs (recoveries) 513 187 (12 ) 829 269 1,786 Balance at December 31, 2020 $ 2,423 $ 1,544 $ 573 $ 2,355 $ 1,115 $ 8,010 Balance at December 31, 2018 $ 1,454 $ 800 $ 455 $ 1,102 $ 630 $ 4,441 Add Provision for credit losses 315 13 (19 ) 919 276 1,504 Deduct Loans charged-off 399 21 34 1,028 385 1,867 Less recoveries of loans charged-off (114 ) (7 ) (31 ) (135 ) (126 ) (413 ) Net loan charge-offs (recoveries) 285 14 3 893 259 1,454 Balance at December 31, 2019 $ 1,484 $ 799 $ 433 $ 1,128 $ 647 $ 4,491 (a) Effective January 1, 2020, the Company adopted accounting guidance which changed impairment recognition of financial instruments to a model that is based on expected losses rather than incurred losses. The decrease in the allowance for credit losses from December 31, 2020 to December 31, 2021 reflected factors affecting economic conditions during 2021, including the enactment of additional benefits from government stimulus programs and broad vaccine availability in the United States that has reduced the risks associated with COVID-19, contributing to an economic recovery. However, economic uncertainty remains associated with supply chain concerns, rising inflationary concerns and additional virus variants. Credit Quality The following table provides a summary of loans by portfolio class, including the delinquency status of those that continue to accrue interest, and those that are nonperforming: Accruing (Dollars in Millions) Current 30-89 Days 90 Days or Nonperforming (b) Total December 31, 2021 Commercial $ 111,270 $ 530 $ 49 $ 174 $ 112,023 Commercial real estate 38,678 80 11 284 39,053 Residential mortgages (a) 75,962 124 181 226 76,493 Credit card 22,142 193 165 – 22,500 Other retail 61,468 275 66 150 61,959 Total loans $ 309,520 $ 1,202 $ 472 $ 834 $ 312,028 December 31, 2020 Commercial $ 102,127 $ 314 $ 55 $ 375 $ 102,871 Commercial real estate 38,676 183 2 450 39,311 Residential mortgages (a) 75,529 244 137 245 76,155 Credit card 21,918 231 197 – 22,346 Other retail 56,466 318 86 154 57,024 Total loans $ 294,716 $ 1,290 $ 477 $ 1,224 $ 297,707 (a) At December 31, 2021, $791 million of loans 30–89 days past due and $1.5 billion of loans 90 days or more past due purchased from Government National Mortgage Association (“GNMA”) mortgage pools whose repayments are insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs, were classified as current, compared with $1.4 billion and $1.8 billion at December 31, 2020, respectively. (b) Substantially all nonperforming loans at December 31, 2021 and 2020, had an associated allowance for credit losses. The Company recognized interest income on nonperforming loans of $16 million and $23 million for the years ended December 31, 2021 and 2020, respectively, compared to what would have been recognized at the original contractual terms of the loans of $34 million and $45 million, respectively. At December 31, 2021, total nonperforming assets held by the Company were $878 million, compared with $1.3 billion at December 31, 2020. Total nonperforming assets included $834 million of nonperforming loans, $22 million of OREO and $22 million of other nonperforming assets owned by the Company at December 31, 2021, compared with $1.2 billion, $24 million and $50 million, respectively at December 31, 2020. At December 31, 2021, the amount of foreclosed residential real estate held by the Company, and included in OREO, was $22 million, compared with $23 million at December 31, 2020. These amounts excluded $22 million and $33 million at December 31, 2021 and December 31, 2020, respectively, of foreclosed residential real estate related to mortgage loans whose payments are primarily insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs. In addition, the amount of residential mortgage loans secured by residential real estate in the process of foreclosure at December 31, 2021 and December 31, 2020, was $696 million and $1.0 billion, respectively, of which $555 million and $812 million, respectively, related to loans purchased from Government National Mortgage Association (“GNMA”) mortgage pools whose repayments are insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs. The following table provides a summary of loans by portfolio class and the Company’s internal credit quality rating: December 31, 2021 December 31, 2020 Criticized Criticized (Dollars in Millions) Pass Special Classified (a) Total Total Pass Special Classified (a) Total Total Commercial Originated in 2021 $ 51,155 $ 387 $ 287 $ 674 $ 51,829 $ – $ – $ – $ – $ – Originated in 2020 14,091 304 133 437 14,528 34,557 1,335 1,753 3,088 37,645 Originated in 2019 10,159 151 54 205 10,364 17,867 269 349 618 18,485 Originated in 2018 5,122 3 36 39 5,161 12,349 351 176 527 12,876 Originated in 2017 2,149 2 38 40 2,189 5,257 117 270 387 5,644 Originated prior to 2017 2,774 28 43 71 2,845 4,954 128 115 243 5,197 Revolving 24,722 268 117 385 25,107 22,445 299 280 579 23,024 Total commercial 110,172 1,143 708 1,851 112,023 97,429 2,499 2,943 5,442 102,871 Commercial real estate Originated in 2021 13,364 6 990 996 14,360 – – – – – Originated in 2020 7,459 198 263 461 7,920 9,446 461 1,137 1,598 11,044 Originated in 2019 6,368 251 610 861 7,229 9,514 454 1,005 1,459 10,973 Originated in 2018 2,996 29 229 258 3,254 6,053 411 639 1,050 7,103 Originated in 2017 1,662 38 113 151 1,813 2,650 198 340 538 3,188 Originated prior to 2017 2,811 17 111 128 2,939 4,762 240 309 549 5,311 Revolving 1,494 1 43 44 1,538 1,445 9 238 247 1,692 Total commercial real estate 36,154 540 2,359 2,899 39,053 33,870 1,773 3,668 5,441 39,311 Residential mortgages (b) Originated in 2021 29,882 – 3 3 29,885 – – – – – Originated in 2020 15,948 1 8 9 15,957 23,262 1 3 4 23,266 Originated in 2019 6,938 – 36 36 6,974 13,969 1 17 18 13,987 Originated in 2018 2,889 – 30 30 2,919 5,670 1 22 23 5,693 Originated in 2017 3,796 – 30 30 3,826 6,918 1 24 25 6,943 Originated prior to 2017 16,619 – 312 312 16,931 25,921 2 342 344 26,265 Revolving 1 – – – 1 1 – – – 1 Total residential mortgages 76,073 1 419 420 76,493 75,741 6 408 414 76,155 Credit card (c) 22,335 – 165 165 22,500 22,149 – 197 197 22,346 Other retail Originated in 2021 22,455 – 6 6 22,461 – – – – – Originated in 2020 12,071 – 9 9 12,080 17,589 – 7 7 17,596 Originated in 2019 7,223 – 17 17 7,240 11,605 – 23 23 11,628 Originated in 2018 3,285 – 14 14 3,299 6,814 – 27 27 6,841 Originated in 2017 1,726 – 9 9 1,735 3,879 – 22 22 3,901 Originated prior to 2017 1,973 – 15 15 1,988 3,731 – 29 29 3,760 Revolving 12,532 – 112 112 12,644 12,647 – 110 110 12,757 Revolving converted to term 472 – 40 40 512 503 – 38 38 541 Total other retail 61,737 – 222 222 61,959 56,768 – 256 256 57,024 Total loans $ 306,471 $ 1,684 $ 3,873 $ 5,557 $ 312,028 $ 285,957 $ 4,278 $ 7,472 $ 11,750 $ 297,707 Total outstanding commitments $ 662,363 $ 3,372 $ 5,684 $ 9,056 $ 671,419 $ 627,606 $ 8,772 $ 9,374 $ 18,146 $ 645,752 Note: Year of origination is based on the origination date of a loan, or for existing loans the date when the maturity date, pricing or commitment amount is amended. (a) Classified rating on consumer loans primarily based on delinquency status. (b) At December 31, 2021, $1.5 billion of GNMA loans 90 days or more past due and $1.1 billion of restructured GNMA loans whose repayments are insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs were classified with a pass rating, compared with $1.8 billion and $1.4 billion at December 31, 2020, respectively. (c) All credit card loans are considered revolving loans. Troubled Debt Restructurings (Dollars in Millions) Number Pre-Modification Post-Modification 2021 Commercial 2,156 $ 140 $ 127 Commercial real estate 112 193 179 Residential mortgages 977 329 328 Credit card 25,297 144 146 Other retail 2,576 74 67 Total loans, excluding loans purchased from GNMA mortgage pools 31,118 880 847 Loans purchased from GNMA mortgage pools 2,311 334 346 Total loans 33,429 $ 1,214 $ 1,193 2020 Commercial 3,423 $ 628 $ 493 Commercial real estate 149 262 218 Residential mortgages 1,176 402 401 Credit card 23,549 135 136 Other retail 4,027 117 114 Total loans, excluding loans purchased from GNMA mortgage pools 32,324 1,544 1,362 Loans purchased from GNMA mortgage pools 4,630 667 659 Total loans 36,954 $ 2,211 $ 2,021 2019 Commercial 3,445 $ 376 $ 359 Commercial real estate 136 129 125 Residential mortgages 417 55 54 Credit card 34,247 185 186 Other retail 2,952 63 61 Total loans, excluding loans purchased from GNMA mortgage pools 41,197 808 785 Loans purchased from GNMA mortgage pools 6,257 856 827 Total loans 47,454 $ 1,664 $ 1,612 Residential mortgages, home equity and second mortgages, and loans purchased from GNMA mortgage pools in the table above include trial period arrangements offered to customers during the periods presented. The post-modification balances for these loans reflect the current outstanding balance until a permanent modification is made. In addition, the post-modification balances typically include capitalization of unpaid accrued interest and/or fees under the various modification programs. At December 31, 2021, 7 residential mortgages, 2 home equity and second mortgage loans and 34 loans purchased from GNMA mortgage pools with outstanding balances of $1 million, less than $1 million and $4 million, respectively, were in a trial period and have estimated post-modification balances of $1 million, less than $1 million and $5 million, respectively, assuming permanent modification occurs at the end of the trial period. The following table provides a summary of TDR loans that defaulted (fully or partially charged-off (Dollars in Millions) Number Amount 2021 Commercial 1,084 $ 32 Commercial real estate 16 7 Residential mortgages 81 9 Credit card 7,700 43 Other retail 714 11 Total loans, excluding loans purchased from GNMA mortgage pools 9,595 102 Loans purchased from GNMA mortgage pools 176 26 Total loans 9,771 $ 128 2020 Commercial 1,148 $ 80 Commercial real estate 50 30 Residential mortgages 38 5 Credit card 6,688 35 Other retail 307 4 Total loans, excluding loans purchased from GNMA mortgage pools 8,231 154 Loans purchased from GNMA mortgage pools 498 66 Total loans 8,729 $ 220 2019 Commercial 1,040 $ 46 Commercial real estate 36 24 Residential mortgages 137 15 Credit card 8,273 40 Other retail 380 10 Total loans, excluding loans purchased from GNMA mortgage pools 9,866 135 Loans purchased from GNMA mortgage pools 997 131 Total loans 10,863 $ 266 In addition to the defaults in the table above, the Company had a total of 17 residential mortgage loans, home equity and second mortgage loans and loans purchased from GNMA mortgage pools for the year ended December 31, 2021, where borrowers did not successfully complete the trial period arrangement and, therefore, are no longer eligible for a permanent modification under the applicable modification program. These loans had aggregate outstanding balances of $2 million for the year ended December 31, 2021. As of December 31, 2021, the Company had $132 million of commitments to lend additional funds to borrowers whose terms of their outstanding owed balances have been modified in TDRs.

Leases

Leases	12 Months Ended
Leases	Dec. 31, 2021
Text Block [Abstract]
Leases	NOTE 7 Leases The Company, as a lessor, originates retail and commercial leases either directly to the consumer or indirectly through dealer networks. Retail leases consist primarily of automobiles, while commercial leases may include high dollar assets such as aircraft or lower cost items such as office equipment. The components of the net investment in sales-type and direct financing leases, at December 31, were as follows: (Dollars in Millions) 2021 2020 Lease receivables $ 10,738 $ 11,890 Unguaranteed residual values accruing to the lessor’s benefit 1,610 1,787 Total net investment in sales-type and direct financing leases $ 12,348 $ 13,677 The Company, as a lessor, recorded $888 million, $952 million and $996 million of revenue on its Consolidated Statement of Income for the years ended December 31, 2021, 2020 and 2019, respectively, primarily consisting of interest income on sales-type and direct financing leases. The contractual future lease payments to be received by the Company, at December 31, 2021, were as follows: (Dollars in Millions) Sales-type and Operating leases 2022 $ 3,926 $ 136 2023 3,293 104 2024 2,402 68 2025 963 44 2026 281 15 Thereafter 540 8 Total lease payments 11,405 $ 375 Amounts representing interest (667 ) Lease receivables $ 10,738 The Company, as lessee, leases certain assets for use in its operations. Leased assets primarily include retail branches, operations centers and other corporate locations, and, to a lesser extent, office and computer equipment. For each lease with an original term greater than 12 months, the Company records a lease liability and a corresponding right of use (“ROU”) asset. At December 31, 2021, the Company’s ROU assets included in premises and equipment and lease liabilities included in long-term debt and other liabilities, were $1.2 billion and $1.3 billion, respectively, compared with $1.1 billion of ROU assets and $1.3 billion of lease liabilities at December 31, 2020, respectively. Total costs incurred by the Company, as a lessee, were $364 million, $374 million and $394 million for the years ended December 31, 2021, 2020 and 2019, respectively, and principally related to contractual lease payments on operating leases. The Company’s leases do not impose significant covenants or other restrictions on the Company. The following table presents amounts relevant to the Company’s assets leased for use in its operations for the years ended December 31: (Dollars in Millions) 2021 2020 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 288 $ 305 $ 302 Operating cash flows from finance leases 5 6 7 Financing cash flows from finance leases 12 12 10 Right of use assets obtained in exchange for new operating lease liabilities 164 128 134 Right of use assets obtained in exchange for new finance lease liabilities 75 6 10 The following table presents the weighted-average remaining lease terms and discount rates of the Company’s assets leased for use in its operations at 2021 2020 Weighted-average remaining lease term of operating leases (in years) 7.0 7.0 Weighted-average remaining lease term of finance leases (in years) 9.5 9.6 Weighted-average discount rate of operating leases 2.7 % 3.0 % Weighted-average discount rate of finance leases 9.3 % 12.5 % The contractual future lease obligations of the Company at December 31, 2021, were as follows: (Dollars in Millions) Operating Finance 2022 $ 278 $ 27 2023 240 27 2024 194 24 2025 145 16 2026 105 10 Thereafter 329 32 Total lease payments 1,291 136 Amounts representing interest (121 ) (23 ) Lease liabilities $ 1,170 $ 113

Accounting for Transfers and Se

Accounting for Transfers and Servicing of Financial Assets and Variable Interest Entities	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Accounting for Transfers and Servicing of Financial Assets and Variable Interest Entities	NOTE 8 Accounting for Transfers and Servicing of Financial Assets and Variable Interest Entities The Company transfers financial assets in the normal course of business. The majority of the Company’s financial asset transfers are residential mortgage loan sales primarily to government-sponsored enterprises (“GSEs”), transfers of tax-advantaged For loans sold under participation agreements, the Company also considers whether the terms of the loan participation agreement meet the accounting definition of a participating interest. With the exception of servicing and certain performance-based guarantees, the Company’s continuing involvement with financial assets sold is minimal and generally limited to market customary representation and warranty clauses. Any gain or loss on sale depends on the previous carrying amount of the transferred financial assets, the consideration received, and any liabilities incurred in exchange for the transferred assets. Upon transfer, any servicing assets and other interests that continue to be held by the Company are initially recognized at fair value. For further information on MSR’s, refer to Note 10. On a limited basis, the Company may acquire and package high-grade corporate bonds for select corporate customers, in which the Company generally has no continuing involvement with these transactions. Additionally, the Company is an authorized GNMA issuer and issues GNMA securities on a regular basis. The Company has no other asset securitizations or similar asset-backed financing arrangements that are off-balance The Company also provides financial support The Company is involved in various entities that are considered to be VIEs. The Company’s investments in VIEs are primarily related to investments promoting affordable housing, community development and renewable energy sources. Some of these tax-advantaged tax-advantaged The Company is not required to consolidate VIEs in which it has concluded it does not have a controlling financial interest, and thus is not the primary beneficiary. In such cases, the Company does not have both the power to direct the entities’ most significant activities and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIEs. The Company’s investments in these unconsolidated VIEs are carried in other assets on the Consolidated Balance Sheet. The Company’s unfunded capital and other commitments related to these unconsolidated VIEs are generally carried in other liabilities on the Consolidated Balance Sheet. The Company’s maximum exposure to loss from these unconsolidated VIEs include the investment recorded on the Company’s Consolidated Balance Sheet, net of unfunded capital commitments, and previously recorded tax credits which remain subject to recapture by taxing authorities based on compliance features required to be met at the project level. While the Company believes potential losses from these investments are remote, the maximum exposure was determined by assuming a scenario where the community-based business and housing projects completely fail and do not meet certain government compliance requirements resulting in recapture of the related tax credits. The following table provides a summary of investments in community development and tax-advantaged At December 31 (Dollars in Millions) 2021 2020 Investment carrying amount $ 4,484 $ 5,378 Unfunded capital and other commitments 1,890 2,334 Maximum exposure to loss 9,899 11,219 The Company also has noncontrolling financial investments in private investment funds and partnerships considered to be VIEs, which are not consolidated. The Company’s recorded investment in these entities, carried in other assets on the Consolidated Balance Sheet, was approximately $40 million at December 31, 2021 and $35 million at December 31, 2020. The maximum exposure to loss related to these VIEs was $84 million at December 31, 2021 and $57 million at December 31, 2020, representing the Company’s investment balance and its unfunded commitments to invest additional amounts. The Company’s individual net investments in unconsolidated VIEs, which exclude any unfunded capital commitments, ranged from less than $1 million to $75 million at December 31, 2021, compared with less than $1 million to $78 million at December 31, 2020. The Company is required to consolidate VIEs in which it has concluded it has a controlling financial interest. The Company sponsors entities to which it transfers its interests in tax-advantaged tax-advantaged In addition, the Company sponsors a municipal bond securities tender option bond program. The Company controls the activities of the program’s entities, is entitled to the residual returns and provides liquidity and remarketing arrangements to the program. As a result, the Company has consolidated the program’s entities. At December 31, 2021, $1.7 billion of available-for-sale available-for-sale

Premises and Equipment

Premises and Equipment	12 Months Ended
Premises and Equipment	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Premises and Equipment	NOTE 9 Premises and Equipment Premises and equipment at December 31 consisted of the following: (Dollars in Millions) 2021 2020 Land $ 445 $ 487 Buildings and improvements 3,161 3,519 Furniture, fixtures and equipment 3,438 3,439 Right of use assets on operating leases 1,014 1,038 Right of use assets on finance leases 172 110 Construction in progress 23 25 8,253 8,618 Less accumulated depreciation and amortization (4,948 ) (5,150 ) Total $ 3,305 $ 3,468

Mortgage Servicing Rights

Mortgage Servicing Rights	12 Months Ended
Mortgage Servicing Rights	Dec. 31, 2021
Text Block [Abstract]
Mortgage Servicing Rights	NOTE 10 Mortgage Servicing Rights Changes in fair value of capitalized MSRs are summarized as follows: (Dollars in Millions) 2021 2020 2019 Balance at beginning of period $ 2,210 $ 2,546 $ 2,791 Rights purchased 42 34 20 Rights capitalized 1,136 1,030 559 Rights sold (a) 2 3 5 Changes in fair value of MSRs Due to fluctuations in market interest rates (b) 272 (719 ) (390 ) Due to revised assumptions or models (c) (196 ) (12 ) 23 Other changes in fair value (d) (513 ) (672 ) (462 ) Balance at end of period $ 2,953 $ 2,210 $ 2,546 (a) MSRs sold include those having a negative fair value, resulting from the loans being severely delinquent. (b) Includes changes in MSR value associated with changes in market interest rates, including estimated prepayment rates and anticipated earnings on escrow deposits. (c) Includes changes in MSR value not caused by changes in market interest rates, such as changes in assumed cost to service, ancillary income and option adjusted spread, as well as the impact of any model changes. (d) Primarily the change in MSR value from passage of time and cash flows realized (decay), but also includes the impact of changes to expected cash flows not associated with changes in market interest rates, such as the impact of delinquencies. The estimated sensitivity to changes in interest rates of the fair value of the MSR portfolio and the related derivative instruments was as follows: 2021 2020 (Dollars in Millions) Down Down Down Up Up Up Down Down Down Up Up Up MSR portfolio $ (636 ) $ (324 ) $ (160 ) $ 150 $ 287 $ 511 $ (442 ) $ (271 ) $ (150 ) $ 169 $ 343 $ 671 Derivative instrument hedges 614 309 152 (142) (278) (536) 523 281 145 (149) (304) (625) Net sensitivity $ (22) $ (15) $ (8) $ 8 $ 9 $ (25) $ 81 $ 10 $ (5) $ 20 $ 39 $ 46 low- A summary of the Company’s MSRs and related characteristics by portfolio as of December 31 was as follows: 2021 2020 (Dollars in Millions) HFA Government Conventional (d) Total HFA Government Conventional (d) Total Servicing portfolio (a) $ 40,652 $ 21,919 $ 156,382 $ 218,953 $ 40,396 $ 25,474 $ 143,085 $ 208,955 Fair value $ 527 $ 308 $ 2,118 $ 2,953 $ 406 $ 261 $ 1,543 $ 2,210 Value (bps) (b) 130 141 135 135 101 102 108 106 Weighted-average servicing fees (bps) 36 41 30 32 35 40 30 32 Multiple (value/servicing fees) 3.63 3.43 4.50 4.18 2.87 2.56 3.55 3.26 Weighted-average note rate 4.07 % 3.70 % 3.41 % 3.56 % 4.43 % 3.91 % 3.78 % 3.92 % Weighted-average age (in years) 3.8 5.9 3.3 3.7 3.8 5.6 4.2 4.3 Weighted-average expected prepayment (constant prepayment rate) 11.5 % 13.2 % 9.6 % 10.3 % 14.1 % 18.0 % 13.8 % 14.4 % Weighted-average expected life (in years) 6.5 5.6 6.9 6.7 5.6 4.3 5.5 5.4 Weighted-average option adjusted spread (c) 7.3 % 7.3 % 6.3 % 6.6 % 7.7 % 7.3 % 6.2 % 6.6 % (a) Represents principal balance of mortgages having corresponding MSR asset. (b) Calculated as fair value divided by the servicing portfolio. (c) Option adjusted spread is the incremental spread added to the risk-free rate to reflect optionality and other risk inherent in the MSRs. (d) Represents loans sold primarily to GSEs.

Intangible Assets

Intangible Assets	12 Months Ended
Intangible Assets	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	NOTE 11 Intangible Assets Intangible assets consisted of the following: At December 31 (Dollars in Millions) 2021 2020 Goodwill $ 10,262 $ 9,918 Merchant processing contracts 195 235 Core deposit benefits 49 64 Mortgage servicing rights 2,953 2,210 Trust relationships 62 19 Other identified intangibles 479 336 Total $ 14,000 $ 12,782 Aggregate amortization expense consisted of the following: Year Ended December 31 (Dollars in Millions) 2021 2020 2019 Merchant processing contracts $ 45 $ 49 $ 45 Core deposit benefits 15 18 22 Trust relationships 10 9 10 Other identified intangibles 89 100 91 Total $ 159 $ 176 $ 168 The estimated amortization expense for the next five years is as follows: (Dollars in Millions) 2022 $ 154 2023 111 2024 89 2025 63 2026 50 The following table reflects the changes in the carrying value of goodwill for the years ended December 31, 2021, 2020 and 2019: (Dollars in Millions) Corporate and Consumer and Banking Wealth Management and Payment Treasury and Consolidated Balance at December 31, 2018 $ 1,647 $ 3,475 $ 1,618 $ 2,629 $ — $ 9,369 Goodwill acquired — — — 285 — 285 Foreign exchange translation and other — — (1 ) 2 — 1 Balance at December 31, 2019 $ 1,647 $ 3,475 $ 1,617 $ 2,916 $ — $ 9,655 Goodwill acquired — — — 180 — 180 Foreign exchange translation and other — — 2 81 — 83 Balance at December 31, 2020 $ 1,647 $ 3,475 $ 1,619 $ 3,177 $ — $ 9,918 Goodwill acquired — 35 144 192 — 371 Foreign exchange translation and other 265 (265 ) (2 ) (25 ) — (27 ) Balance at December 31, 2021 $ 1,912 $ 3,245 $ 1,761 $ 3,344 $ — $ 10,262

Deposits

Deposits	12 Months Ended
Deposits	Dec. 31, 2021
Banking and Thrift, Interest [Abstract]
Deposits	NOTE 12 Deposits The composition of deposits at December 31 was as follows: (Dollars in Millions) 2021 2020 Noninterest-bearing deposits $ 134,901 $ 118,089 Interest-bearing deposits Interest checking 115,108 95,894 Money market savings 117,619 128,058 Savings accounts 65,790 57,035 Time deposits 22,665 30,694 Total interest-bearing deposits 321,182 311,681 Total deposits $ 456,083 $ 429,770 The maturities of time deposits outstanding at December 31, 2021 were as follows: (Dollars in Millions) 2022 $ 17,637 2023 2,298 2024 1,640 2025 655 2026 434 Thereafter 1 Total $ 22,665

Short-Term Borrowings

Short-Term Borrowings	12 Months Ended
Short-Term Borrowings	Dec. 31, 2021
Debt Disclosure [Abstract]
Short-Term Borrowings	NOTE 13 Short-Term Borrowings Short-term borrowings at December 31 consisted of the following: (Dollars in Millions) 2021 2020 Federal funds purchased $ 628 $ 777 Securities sold under agreements to repurchase 1,575 1,430 Commercial paper 6,026 6,007 Other short-term borrowings 3,567 3,552 Total $ 11,796 $ 11,766

Long-Term Debt

Long-Term Debt	12 Months Ended
Long-Term Debt	Dec. 31, 2021
Debt Disclosure [Abstract]
Long-Term Debt	NOTE 14 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 Rate (a) Maturity Date 2021 2020 U.S. Bancorp (Parent Company) Subordinated notes Fixed 2.950 % 202 $ 1,300 $ 1,300 Fixed 3.600 % 202 1,000 1,000 Fixed 7.500 % 202 199 199 Fixed 3.100 % 202 1,000 1,000 Fixed 3.000 % 202 1,000 1,000 Fixed 2.491 % 203 1,300 – Medium-term notes Fixed .850% - 3.950 % 2022 203 12,631 15,492 Floating .855 % 202 1 – 250 Other (b) 472 683 Subtotal 18,902 20,924 Subsidiaries Federal Home Loan Bank advances Fixed 6.440% - 8.250 % 2023 202 2 1,003 Floating (d) .384% - .710 % 2022 202 3,272 3,272 Bank notes Fixed 1.950% - 3.400 % 2022 202 5,700 9,100 Floating (d) – % - .604 % 2022 205 3,337 5,888 Other (c) 912 1,110 Subtotal 13,223 20,373 Total $ 32,125 $ 41,297 (a) Weighted-average interest rates of medium-term notes, Federal Home Loan Bank advances and bank notes were 2.51 percent, .65 percent and 1.80 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 (d) Includes $3.3 billion of Federal Home Loan Bank advances and $2.3 billion of bank notes, whose interest is calculated by reference to LIBOR. The outstanding debt contains fallback provisions in the event that LIBOR is no longer published or quoted, but these fallback provisions have not yet been utilized. Maturities of long-term debt outstanding at December 31, 2021, were: (Dollars in Millions) Parent Consolidated 2022 $ 2,311 $ 4,834 2023 – 3,847 2024 5,740 5,768 2025 2,240 5,804 2026 2,685 4,200 Thereafter 5,926 7,672 Total $ 18,902 $ 32,125

Shareholder' Equity

Shareholder' Equity	12 Months Ended
Shareholder' Equity	Dec. 31, 2021
Equity [Abstract]
Shareholders' Equity	NOTE 15 Shareholders’ Equity The number of shares issued and outstanding and the carrying amount of each outstanding series of the Company’s preferred stock were as follows: 2021 2020 At December 31 (Dollars in Millions) Shares Liquidation Discount Carrying Shares Liquidation Discount Carrying Series A 12,510 $ 1,251 $ 145 $ 1,106 12,510 $ 1,251 $ 145 $ 1,106 Series B 40,000 1,000 – 1,000 40,000 1,000 — 1,000 Series F – – – – 44,000 1,100 12 1,088 Series I – – – – 30,000 750 5 745 Series J 40,000 1,000 7 993 40,000 1,000 7 993 Series K 23,000 575 10 565 23,000 575 10 565 Series L 20,000 500 14 486 20,000 500 14 486 Series M 30,000 750 21 729 – – – – Series N 60,000 1,500 8 1,492 – – – – Total preferred stock (a) 225,510 $ 6,576 $ 205 $ 6,371 209,510 $ 6,176 $ 193 $ 5,983 (a) The par value of all shares issued and outstanding at December 31, 2021 and 2020, was $1.00 per share. During 2021, the Company issued depositary shares representing an ownership interest in 60,000 shares of Series N Fixed Rate Reset Non-Cumulative During 2021, the Company issued depositary shares representing an ownership interest in 30,000 shares of Series M Non-Cumulative Company to treat the full liquidation value of the Series M Preferred Stock as Tier 1 capital for purposes of the capital adequacy guidelines of the Federal Reserve Board. During 2020, the Company issued depositary shares representing an ownership interest in 20,000 shares of Series L Non-Cumulative During 2018, the Company issued depositary shares representing an ownership interest in 23,000 shares of Series K Non-Cumulative Company to treat the full liquidation value of the Series K Preferred Stock as Tier 1 capital for purposes of the capital adequacy guidelines of the Federal Reserve Board. During 2017, the Company issued depositary shares representing an ownership interest in 40,000 shares of Series J Non-Cumulative During 2015, the Company issued depositary shares representing an ownership interest in 30,000 shares of Series I Non-Cumulative During 2012, the Company issued depositary shares representing an ownership interest in 44,000 shares of Series F Non-Cumulative Effective January 15, 2022, the Company redeemed all outstanding shares of the Series F Preferred Stock. During 2010, the Company issued depositary shares representing an ownership interest in 5,746 shares of Series A Non-Cumulative During 2006, the Company issued depositary shares representing an ownership interest in 40,000 shares of Series B Non-Cumulative Dividends for certain of the Company’s outstanding series of preferred stock described above are, or will in the future be, calculated by reference to LIBOR. The outstanding series contain fallback provisions in the event that LIBOR is no longer published or quoted, but these fallback provisions have not yet been utilized. During 2021, 2020 and 2019, the Company repurchased shares of its common stock under various authorizations approved by its Board of Directors. Beginning in March of 2020 and continuing through the remainder of 2020, the Company suspended all common stock repurchases except for those done exclusively in connection with its stock-based compensation programs. This action was initially taken to maintain strong capital levels given the impact and uncertainties of COVID-19 quarters. Based on the results of the December 2020 Federal Reserve Board Stress Test, the Company announced on December 22, 2020 that its Board of Directors had approved an authorization to repurchase $3.0 billion of its common stock beginning January 1, 2021, and repurchased $1.5 billion of its common stock during the first six months of 2021 under this program. The Company suspended all common stock repurchases at the beginning of the third quarter of 2021, except for those done exclusively in connection with its stock-based compensation programs, due to its recently announced pending acquisition of MUFG Union Bank’s core regional banking franchise. The Company does not expect to commence repurchasing its common stock again until the second half of 2022, or after the acquisition closes in order to build capital prior to the acquisition. The following table summarizes the Company’s common stock repurchased in each of the last three years: (Dollars and Shares in Millions) Shares Value 2021 28 $ 1,556 2020 31 1,661 2019 81 4,515 Shareholders’ equity is affected by transactions and valuations of asset and liability positions that require adjustments to accumulated other comprehensive income (loss). The reconciliation of the transactions affecting accumulated other comprehensive income (loss) included in shareholders’ equity for the years ended December 31, is as follows: (Dollars in Millions) Unrealized Gains Available-For-Sale Unrealized Gains From Available-For-Sale Held-To-Maturity Unrealized Gains Unrealized Gains Foreign Currency Total 2021 Balance at beginning of period $ 2,417 $ – $ (189) $ (1,842) $ (64) $ 322 Changes in unrealized gains (losses) (3,698) – 125 400 – (3,173) Transfer of securities from available-for-sale held-to-maturity 1,289 (1,289) – – – – Foreign currency translation adjustment (a) – – – – 35 35 Reclassification to earnings of realized (gains) losses (103) 36 14 157 – 104 Applicable income taxes 635 318 (35) (141) (8) 769 Balance at end of period $ 540 $ (935) $ (85) $ (1,426) $ (37) $ (1,943) 2020 Balance at beginning of period $ 379 $ – $ (51) $ (1,636) $ (65) $ (1,373) Changes in unrealized gains (losses) 2,905 – (194) (401) – 2,310 Foreign currency translation adjustment (a) – – – – 2 2 Reclassification to earnings of realized (gains) losses (177) – 10 125 – (42) Applicable income taxes (690) – 46 70 (1) (575) Balance at end of period $ 2,417 $ – $ (189) $ (1,842) $ (64) $ 322 2019 Balance at beginning of period $ (946) $ 14 $ 112 $ (1,418) $ (84) $ (2,322) Changes in unrealized gains (losses) 1,693 – (229) (380) – 1,084 Unrealized gains (losses) on held-to-maturity available-for-sale 150 (9) – – – 141 Foreign currency translation adjustment (a) – – – – 26 26 Reclassification to earnings of realized (gains) losses (73) (7) 11 89 – 20 Applicable income taxes (445) 2 55 73 (7) (322) Balance at end of period $ 379 $ – $ (51) $ (1,636) $ (65) $ (1,373) (a) Represents the impact of changes in foreign currency exchange rates on the Company’s investment in foreign operations and related hedges. Additional detail about the impact to net income for items reclassified out of accumulated other comprehensive income (loss) and into earnings for the years ended December 31, is as follows: Impact to Net Income Affected Line Item in the Consolidated Statement of Income (Dollars in Millions) 2021 2020 2019 Unrealized gains (losses) on investment securities available-for-sale Realized gains (losses) on sale of investment securities $ 103 $ 177 $ 73 Securities gains (losses), net (26 ) (45 ) (18 ) Applicable income taxes 77 132 55 Net-of-tax Unrealized gains (losses) on investment securities transferred from available-for-sale held-to-maturity Amortization of unrealized gains (36 ) – 7 Interest income 9 – (2 ) Applicable income taxes (27 ) – 5 Net-of-tax Unrealized gains (losses) on derivative hedges Realized gains (losses) on derivative hedges (14 ) (10 ) (11 ) Interest expense 4 3 3 Applicable income taxes (10 ) (7 ) (8 ) Net-of-tax Unrealized gains (losses) on retirement plans Actuarial gains (losses) and prior service cost (credit) amortization (157 ) (125 ) (89 ) Other noninterest expense 40 32 22 Applicable income taxes (117 ) (93 ) (67 ) Net-of-tax Total impact to net income $ (77 ) $ 32 $ (15 ) Regulatory Capital Tier 1 capital is considered core capital and includes common shareholders’ equity adjusted for the aggregate impact of certain items included in other comprehensive income (loss) (“common equity tier 1 capital”), plus qualifying preferred stock, trust preferred securities and noncontrolling interests in consolidated subsidiaries subject to certain limitations. Total risk-based capital includes Tier 1 capital and other items such as subordinated debt and the allowance for credit losses. Capital measures are stated as a percentage of risk-weighted assets, which are measured based on their perceived credit risks and include certain off-balance loan commitments, letters of credit, and derivative contracts. Beginning in 2020, the Company elected to adopt a rule issued in 2020 by its regulators which permits banking organizations who adopt accounting guidance related to the impairment of financial instruments based on the current expected credit losses methodology during 2020, the option to defer the impact of the effect of that guidance at adoption plus 25 percent of its quarterly credit reserve increases over the next two years on its regulatory capital requirements, followed by a three-year transition period to phase in the cumulative deferred impact. The Company is also subject to leverage ratio requirements, which is defined as Tier 1 capital as a percentage of adjusted average assets under the standardized approach and Tier 1 capital as a percentage of total on- off-balance The following table provides a summary of the regulatory capital requirements in effect, along with the actual components and ratios for the Company and its bank subsidiary, at December 31, 2021 and 2020: U.S. Bancorp U.S. Bank National Association (Dollars in Millions) 2021 2020 2021 2020 Basel III standardized approach: Common shareholders’ equity $ 48,547 $ 47,112 $ 51,465 $ 52,589 Less intangible assets Goodwill (net of deferred tax liability) (9,323 ) (9,014 ) (9,209 ) (9,034 ) Other disallowed intangible assets (785 ) (654 ) (754 ) (654 ) Other (a) 3,262 601 3,498 1,254 Total common equity tier 1 capital 41,701 38,045 45,000 44,155 Qualifying preferred stock 6,371 5,983 — — Noncontrolling interests eligible for tier 1 capital 450 451 450 451 Other (b) (6 ) (5 ) (6 ) (6 ) Total tier 1 capital 48,516 44,474 45,444 44,600 Eligible portion of allowance for credit losses 4,081 4,905 4,081 4,850 Subordinated debt and noncontrolling interests eligible for tier 2 capital 3,653 3,223 3,600 3,517 Total tier 2 capital 7,734 8,128 7,681 8,367 Total risk-based capital $ 56,250 $ 52,602 $ 53,125 $ 52,967 Risk-weighted assets $ 418,571 $ 393,648 $ 412,979 $ 387,388 Common equity tier 1 capital as a percent of risk-weighted assets 10.0 % 9.7 % 10.9 % 11.4 % Tier 1 capital as a percent of risk-weighted assets 11.6 11.3 11.0 11.5 Total risk-based capital as a percent of risk-weighted assets 13.4 13.4 12.9 13.7 Tier 1 capital as a percent of adjusted quarterly average assets (leverage ratio) 8.6 8.3 8.2 8.4 Tier 1 capital as a percent of total on- off-balance 6.9 7.3 6.6 6.8 Minimum (c) Well- Capitalized Bank Regulatory Capital Requirements Common equity tier 1 capital as a percent of risk-weighted assets 7.0 % 6.5 % (d) Tier 1 capital as a percent of risk-weighted assets 8.5 8.0 Total risk-based capital as a percent of risk-weighted assets 10.5 10.0 Tier 1 capital as a percent of adjusted quarterly average assets (leverage ratio) 4.0 5.0 (d) Tier 1 capital as a percent of total on- off-balance 3.0 3.0 (a) Includes the impact of items included in other comprehensive income (loss), such as unrealized gains (losses) on available-for-sale (b) Includes the remaining portion of deferred tax assets not eligible for total tier 1 capital. (c) The minimum common equity tier 1 capital, tier 1 capital and total risk-based capital ratio requirements reflect a stress capital buffer requirement of 2.5 percent. Banks and financial services holding companies must maintain minimum capital levels, including a stress capital buffer requirement, to avoid limitations on capital distributions and certain discretionary compensation payments. (d) A minimum well-capitalized threshold does not apply to U.S. Bancorp for this ratio as it is not formally defined under applicable banking regulations for bank holding companies. Noncontrolling interests principally represent third-party investors’ interests in consolidated entities, including preferred stock of consolidated subsidiaries. During 2006, the Company’s banking subsidiary formed USB Realty Corp., a real estate investment trust, for the purpose of issuing 5,000 shares of Fixed-to-Floating Non-cumulative dividend period, such dividend shall not be cumulative and shall cease to accrue and be payable, and USB Realty Corp. will have no obligation to pay dividends accrued for such dividend period, whether or not dividends on the Series A Preferred Securities are declared for any future dividend period. The Series A Preferred Securities will be redeemable, in whole or in part, at the option of USB Realty Corp. on each fifth anniversary after the dividend payment date occurring in January 2012. Any redemption will be subject to the approval of the Office of the Comptroller of the Currency. During 2016, the Company purchased 500 shares of the Series A Preferred Securities held by third-party investors. As of December 31, 2021, 4,500 shares of the Series A Preferred Securities remain outstanding.

Earnings Per Share

Earnings Per Share	12 Months Ended
Earnings Per Share	Dec. 31, 2021
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 16 Earnings Per Share The components of earnings per share were: Year Ended December 31 (Dollars and Shares in Millions, Except Per Share Data) 2021 2020 2019 Net income attributable to U.S. Bancorp $ 7,963 $ 4,959 $ 6,914 Preferred dividends (303 ) (304 ) (302 ) Impact of preferred stock call and redemption (17 ) (a) (13 ) (b) – Earnings allocated to participating stock awards (38 ) (21 ) (29 ) Net income applicable to U.S. Bancorp common shareholders $ 7,605 $ 4,621 $ 6,583 Average common shares outstanding 1,489 1,509 1,581 Net effect of the exercise and assumed purchase of stock awards 1 1 2 Average diluted common shares outstanding 1,490 1,510 1,583 Earnings per common share $ 5.11 $ 3.06 $ 4.16 Diluted earnings per common share $ 5.10 $ 3.06 $ 4.16 (a) Represents stock issuance costs originally recorded in preferred stock upon the issuance of the Company’s Series I and Series F Preferred Stock that were reclassified to retained earnings on the date the Company announced its intent to redeem the outstanding shares. (b) Represents stock issuance costs originally recorded in preferred stock upon the issuance of the Company’s Series H Preferred Stock that were reclassified to retained earnings on the date the Company announced its intent to redeem the outstanding shares. Options outstanding at December 31, 2020 and 2019, to purchase 2 million and 1 million common shares, respectively, were not included in the computation of diluted earnings per share for the years ended December 31, 2020 and 2019, because they were antidilutive.

Employee Benefits

Employee Benefits	12 Months Ended
Employee Benefits	Dec. 31, 2021
Retirement Benefits [Abstract]
Employee Benefits	NOTE 17 Employee Benefits Employee Retirement Savings Plan Pension Plans percentage of their final average pay. Additionally, as a result of past plan mergers, a portion of pension benefits may also be provided using a cash balance benefit formula where only interest credits continue to be credited to participants’ accounts. In general, the Company’s qualified pension plans’ funding objectives include maintaining a funded status sufficient to meet participant benefit obligations over time while reducing long-term funding requirements and pension costs. The Company has an established process for evaluating the plans, their performance and significant plan assumptions, including the assumed discount rate and the long-term rate of return (“LTROR”). Although plan assumptions are established annually, the Company may update its analysis on an interim basis in order to be responsive to significant events that occur during the year, such as plan mergers and amendments. The Company’s Compensation and Human Resources Committee (the “Committee”) oversees the Company’s process of evaluating the plans, their performance and significant plan assumptions. The Company’s funding policy is to contribute amounts to its plans sufficient to meet the minimum funding requirements of the Employee Retirement Income Security Act of 1974, as amended by the Pension Protection Act, plus such additional amounts as the Company determines to be appropriate. The Company did not contribute to its qualified pension plans in 2021 and contributed $1.1 billion in 2020. The Company does not expect to contribute to the plans in 2022. Any contributions made to the qualified plans are invested in accordance with established investment policies and asset allocation strategies. In addition to the funded qualified pension plans, the Company maintains a non-qualified computing the accumulated benefit obligation, the projected benefit obligation and net pension expense are substantially consistent with those assumptions used for the funded qualified plans. In 2022, the Company expects to contribute approximately $26 million to its non-qualified Postretirement Welfare Plan Employees retiring after December 31, 2013, are not eligible for retiree health care benefits. Prior to December 31, 2020, the postretirement welfare plan operated as a voluntary employees’ beneficiary association (“VEBA”) plan. Effective December 31, 2020, the VEBA trust was dissolved and the postretirement welfare plan now operates as an unfunded plan. In 2022, the The following table summarizes the changes in benefit obligations and plan assets for the years ended December 31, and the funded status and amounts recognized in the Consolidated Balance Sheet at December 31 for the retirement plans: Pension Plans Postretirement (Dollars in Millions) 2021 2020 2021 2020 Change In Projected Benefit Obligation (a) Benefit obligation at beginning of measurement period $ 7,805 $ 6,829 $ 38 $ 47 Service cost 265 235 – – Interest cost 219 235 1 1 Participants’ contributions – – 4 6 Plan amendments – (18 ) – – Actuarial (gain) loss (4 ) 754 (2 ) (4 ) Lump sum settlements (71 ) (55 ) – – Benefit payments (184 ) (175 ) (7 ) (13 ) Federal subsidy on benefits paid – – – 1 Benefit obligation at end of measurement period (b) $ 8,030 $ 7,805 $ 34 $ 38 Change In Fair Value Of Plan Assets Fair value at beginning of measurement period $ 7,498 $ 5,838 $ – $ 84 Actual return on plan assets 844 737 – 1 Employer contributions 26 1,153 3 5 Participants’ contributions – – 4 6 Lump sum settlements (71 ) (55 ) – – Benefit payments (184 ) (175 ) (7 ) (13 ) Other Changes (c ) – – – (83 ) Fair value at end of measurement period $ 8,113 $ 7,498 $ – $ – Funded (Unfunded) Status $ 83 $ (307 ) $ (34 ) $ (38 ) Components Of The Consolidated Balance Sheet Noncurrent benefit asset $ 776 $ 369 $ – $ – Current benefit liability (26 ) (27 ) (5 ) (5 ) Noncurrent benefit liability (667 ) (649 ) (29 ) (33 ) Recognized amount $ 83 $ (307 ) $ (34 ) $ (38 ) Accumulated Other Comprehensive Income (Loss), Pretax Net actuarial (loss) gain $ (1,989 ) $ (2,557 ) $ 58 $ 63 Net prior service credit (cost) 16 18 8 11 Recognized amount $ (1,973 ) $ (2,539 ) $ 66 $ 74 (a) The increase in the projected benefit obligation for 2021 was primarily due to demographic experience partially offset by a higher discount rate, and the increase for 2020 was primarily due to a lower discount rate. (b) At December 31, 2021 and 2020, the accumulated benefit obligation for all pension plans was $7.3 billion and $7.1 billion, respectively. (c) The fair value of postretirement welfare plan assets decreased in 2020 due to the dissolution of the VEBA trust. Prior to dissolution, the remaining assets in the VEBA trust were used to pay benefits under other programs of the Company’s health and welfare plan, as permitted by the VEBA trust agreement. The postreirement welfare plan now operates as an unfunded plan. The following table provides information for pension plans with benefit obligations in excess of plan assets at December 31: (Dollars in Millions) 2021 2020 Pension Plans with Projected Benefit Obligations in Excess of Plan Assets Projected benefit obligation $ 692 $ 676 Fair value of plan assets – – Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets Accumulated benefit obligation $ 631 $ 628 Fair value of plan assets – – The following table sets forth the components of net periodic benefit cost and other amounts recognized in accumulated other comprehensive income (loss) for the years ended December 31 for the retirement plans: Pension Plans Postretirement Welfare Plan (Dollars in Millions) 2021 2020 2019 2021 2020 2019 Components Of Net Periodic Benefit Cost Service cost $ 265 $ 235 $ 192 $ – $ – $ – Interest cost 219 235 249 1 1 2 Expected return on plan assets (450 ) (403 ) (383 ) – (3 ) (3 ) Prior service cost (credit) and transition obligation (asset) amortization (2 ) – – (3 ) (3 ) (3 ) Actuarial loss (gain) amortization 169 134 98 (7 ) (6 ) (6 ) Net periodic benefit cost $ 201 $ 201 $ 156 $ (9 ) $ (11 ) $ (10 ) Other Changes In Plan Assets And Benefit Obligations Recognized In Other Comprehensive Income (Loss) Net actuarial gain (loss) arising during the year $ 398 $ (420 ) $ (388 ) $ 2 $ 1 $ 7 Net actuarial loss (gain) amortized during the year 169 134 98 (7 ) (6 ) (6 ) Net prior service (cost) credit and transition (obligation) asset arising during the year – 18 – – – – Net prior service cost (credit) and transition obligation (asset) amortized during the year (2 ) – – (3 ) (3 ) (3 ) Total recognized in other comprehensive income (loss) $ 565 $ (268 ) $ (290 ) $ (8 ) $ (8 ) $ (2 ) Total recognized in net periodic benefit cost and other comprehensive income (loss) $ 364 $ (469 ) $ (446 ) $ 1 $ 3 $ 8 The following table sets forth weighted average assumptions used to determine the projected benefit obligations at December 31: Pension Plans Postretirement (Dollars in Millions) 2021 2020 2021 2020 Discount rate (a ) 3.00 % 2.75 % 2.37 % 1.82 % Cash balance interest crediting rate 3.00 3.00 * * Rate of compensation increase (b) 3.56 3.56 * * Health care cost trend rate (c) Prior to age 65 5.75 % 6.00 % After age 65 5.75 % 6.00 % (a) The discount rates were developed using a cash flow matching bond model with a modified duration for the qualified pension plan, legacy pension plan, non-qualified (b) Determined on an active liability-weighted basis. (c) The 2021 and 2020 pre-65 post-65 * Not applicable The following table sets forth weighted average assumptions used to determine net periodic benefit cost for the years ended December 31: Pension Plans Postretirement Welfare Plan (Dollars in Millions) 2021 2020 2019 2021 2020 2019 Discount rate (a) 2.75 % 3.40 % 4.45 % 2.37 % 2.80 % 4.05 % Cash balance interest crediting rate 3.00 3.00 3.00 * * * Expected return on plan assets (b) 6.50 7.25 7.25 * 3.50 3.50 Rate of compensation increase (c) 3.56 3.56 3.52 * * * Health care cost trend rate (d) Prior to age 65 5.75 % 6.25 % 6.50 % After age 65 5.75 6.25 10.00 (a) The discount rates were developed using a cash flow matching bond model with a modified duration for the qualified pension plan, legacy pension plan, non-qualified non-qualified (b) With the help of an independent pension consultant, the Company considers several sources when developing its expected long-term rates of return on plan assets assumptions, including, but not limited to, past returns and estimates of future returns given the plans’ asset allocation, economic conditions, and peer group LTROR information. The Company determines its expected long-term rates of return reflecting current economic conditions and plan assets. (c) Determined on an active liability weighted basis. (d) The 2021, 2020 and 2019 pre-65 post-65 Investment Policies and Asset Allocation Generally, based on historical performance of the various investment asset classes, investments in equities have outperformed other investment classes but are subject to higher volatility. In an effort to minimize volatility, while recognizing the long-term up-side mid-small At December 31, 2021 and 2020, plan assets included an asset management arrangement with a related party totaling $55.3 million and $1.0 billion, respectively. In accordance with authoritative accounting guidance, the Company groups plan assets into a three-level hierarchy for valuation techniques used to measure their fair value based on whether the valuation inputs are observable or unobservable. Refer to Note 22 for further discussion on these levels. The assets of the qualified pension plans include investments in equity and U.S. Treasury securities whose fair values are determined based on quoted prices in active markets and are classified within Level 1 of the fair value hierarchy. The qualified pension plans also invest in U.S. agency, corporate and municipal debt securities, which are all valued based on observable market prices or data by third party pricing services, and mutual funds which are valued based on quoted net asset values provided by the trustee of the fund; these assets are classified as Level 2. Additionally, the qualified pension plans invest in certain assets that are valued based on net asset values as a practical expedient, including investments in collective investment funds, hedge funds, and private equity funds; the net asset values are provided by the fund trustee or administrator and are not classified in the fair value hierarchy. The following table summarizes plan investment assets measured at fair value at December 31: Qualified Pension Plans 2021 2020 (Dollars in Millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 43 $ – $ – $ 43 $ 975 $ – $ – $ 975 Debt securities 1,022 1,096 – 2,118 894 1,224 – 2,118 Mutual funds Debt securities – 409 – 409 – 371 – 371 Emerging markets equity securities – 188 – 188 – 174 – 174 Other – – 4 4 – – 6 6 $ 1,065 $ 1,693 $ 4 2,762 $ 1,869 $ 1,769 $ 6 3,644 Plan investment assets not classified in fair value hierarchy (a) Collective investment funds Domestic equity securities 1,958 1,515 Mid-small (b) 433 431 International equity securities 867 718 Domestic real estate securities 829 520 Hedge funds (c) 450 251 Private equity funds (d) 814 419 Total plan investment assets at fair value $ 8,113 $ 7,498 (a) These investments are valued based on net asset value per share as a practical expedient; fair values are provided to reconcile to total investment assets of the plans at fair value. (b) At December 31, 2021 and 2020, securities included $433 million and $431 million in domestic equities, respectively. (c) This category consists of several investment strategies diversified across several hedge fund managers. (d) This category consists of several investment strategies diversified across several private equity fund managers. The following table summarizes the changes in fair value for qualified pension plans investment assets measured at fair value using significant unobservable inputs (Level 3) for the years ended December 31: 2021 2020 2019 (Dollars in Millions) Other Other Other Balance at beginning of period $ 6 $ 3 $ 3 Unrealized gains (losses) relating to assets still held at end of year (2 ) 3 – Purchases, sales, and settlements, net – – – Balance at end of period $ 4 $ 6 $ 3 The following benefit payments are expected to be paid from the retirement plans for the years ended December 31: (Dollars in Millions) Pension Postretirement (a) 2022 $ 264 $ 4 2023 286 4 2024 305 4 2025 357 3 2026 347 3 2027-2031 1,975 11 (a) Net of expected retiree contributions and before Medicare Part D subsidy.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
Stock-Based Compensation	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	NOTE 18 Stock-Based Compensation As part of its employee and director compensation programs, the Company currently may grant certain stock awards under the provisions of its stock incentive plan. The plan provides for grants of options to purchase shares of common stock at a fixed price equal to the fair value of the underlying stock at the date of grant. Option grants are generally exercisable up to ten years from the date of grant. In addition, the plan provides for grants of shares of common stock or stock units that are subject to restriction on transfer prior to vesting three Stock Option Awards The following is a summary of stock options outstanding and exercised under prior and existing stock incentive plans of the Company: Year Ended December 31 Stock Weighted- Weighted-Average Aggregate 2021 Number outstanding at beginning of period 5,180,391 $ 40.38 Exercised (1,281,646 ) 33.66 Cancelled (a) (8,614 ) 48.20 Number outstanding at end of period (b) 3,890,131 $ 42.58 3.3 $ 53 Exercisable at end of period 3,890,131 $ 42.58 3.3 $ 53 2020 Number outstanding at beginning of period 5,718,256 $ 39.25 Exercised (513,293 ) 27.48 Cancelled (a) (24,572 ) 45.08 Number outstanding at end of period (b) 5,180,391 $ 40.38 3.7 $ 32 Exercisable at end of period 4,942,077 $ 39.68 3.6 $ 34 2019 Number outstanding at beginning of period 9,115,010 $ 34.52 Exercised (3,333,467 ) 26.36 Cancelled (a) (63,287 ) 36.74 Number outstanding at end of period (b) 5,718,256 $ 39.25 4.4 $ 115 Exercisable at end of period 4,869,805 $ 37.67 4.0 $ 105 Note: The Company did not grant any stock option awards during 2021, 2020 and 2019. (a) Options cancelled include both non-vested (b) Outstanding options include stock-based awards that may be forfeited in future periods. The impact of the estimated forfeitures is reflected in compensation expense. Stock-based compensation expense is based on the estimated fair value of the award at the date of grant or modification. The fair value of each option award is estimated on the date of grant using the Black-Scholes option-pricing model, requiring the use of subjective assumptions. Because employee stock options have characteristics that differ from those of traded options, including vesting provisions and trading limitations that impact their liquidity, the determined value used to measure compensation expense may vary from the actual fair value of the employee stock options. The following summarizes certain stock option activity of the Company: Year Ended December 31 (Dollars in Millions) 2021 2020 2019 Fair value of options vested $ 3 $ 7 $ 10 Intrinsic value of options exercised 27 11 95 Cash received from options exercised 43 14 88 Tax benefit realized from options exercised 7 3 24 To satisfy option exercises, the Company predominantly uses treasury stock. Additional information regarding stock options outstanding as of December 31, 2021, is as follows: Outstanding Options Exercisable Options Range of Exercise Prices Shares Weighted- Weighted- Shares Weighted- $25.01—$30.00 251,126 .1 $ 28.63 251,126 $ 28.63 $30.01—$35.00 446,538 1.1 33.98 446,538 33.98 $35.01—$40.00 1,051,053 4.1 39.49 1,051,053 39.49 $40.01—$45.00 1,269,994 2.7 42.43 1,269,994 42.43 $45.01—$50.00 — — — — — $50.01—$55.01 871,420 5.1 54.96 871,420 54.96 3,890,131 3.3 $ 42.58 3,890,131 $ 42.58 Restricted Stock and Unit Awards A summary of the status of the Company’s restricted shares of stock and unit awards is presented below: 2021 2020 2019 Year Ended December 31 Shares Weighted- Shares Weighted- Shares Weighted- Outstanding at beginning of period 6,343,313 $ 51.38 6,606,833 $ 48.99 6,719,298 $ 48.17 Granted 4,512,995 52.54 3,552,923 53.90 3,519,474 50.45 Vested (3,793,978 ) 53.27 (3,534,770 ) 49.28 (3,270,778 ) 48.69 Cancelled (249,577 ) 52.83 (281,673 ) 53.51 (361,161 ) 50.55 Outstanding at end of period 6,812,753 $ 51.04 6,343,313 $ 51.38 6,606,833 $ 48.99 The total fair value of shares vested was $191 million, $182 million and $175 million for the years ended December 31, 2021, 2020 and 2019, respectively. Stock-based compensation expense was $207 million, $189 million and $178 million for the years ended December 31, 2021, 2020 and 2019, respectively. On an after-tax December 31, 2021, 2020 and 2019, respectively. As of December 31, 2021, there was $155 million of total unrecognized compensation cost related to nonvested share-based arrangements granted under the plans. That cost is expected to be recognized over a weighted-average period of 1.9 years as compensation expense.

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 19 Income Taxes The components of income tax expense were: Year Ended December 31 (Dollars in Millions) 2021 2020 2019 Federal Current $ 1,203 $ 1,146 $ 1,162 Deferred 469 (291 ) 166 Federal income tax 1,672 855 1,328 State Current 398 355 379 Deferred 111 (144 ) (59 ) State income tax 509 211 320 Total income tax provision $ 2,181 $ 1,066 $ 1,648 A reconciliation of expected income tax expense at the federal statutory rate of 21 percent to the Company’s applicable income tax expense follows: Year Ended December 31 (Dollars in Millions) 2021 2020 2019 Tax at statutory rate $ 2,135 $ 1,271 $ 1,805 State income tax, at statutory rates, net of federal tax benefit 439 240 355 Tax effect of Tax credits and benefits, net of related expenses (331 ) (370 ) (424 ) Tax-exempt (114 ) (117 ) (120 ) Nondeductible legal and regulatory expenses 24 29 23 Other items (a) 28 13 9 Applicable income taxes $ 2,181 $ 1,066 $ 1,648 (a) Includes excess tax benefits associated with stock-based compensation and adjustments related to deferred tax assets and liabilities. The tax effects of fair value adjustments on securities available-for-sale, In preparing its tax returns, the Company is required to interpret complex tax laws and regulations and utilize income and cost allocation methods to determine its taxable income. On an ongoing basis, the Company is subject to examinations by federal, state, local and foreign taxing authorities that may give rise to differing interpretations of these complex laws, regulations and methods. Due to the nature of the examination process, it generally takes years before these examinations are completed and matters are resolved. Federal tax examinations for all years ending through December 31, 2014 are completed and resolved. The Company’s tax returns for the years ended December 31, 2015, 2016, 2017 and 2018 are under examination by the Internal Revenue Service. The years open to examination by foreign, state and local government authorities vary by A reconciliation of the changes in the federal, state and foreign uncertain tax position balances are summarized as follows: Year Ended December 31 (Dollars in Millions) 2021 2020 2019 Balance at beginning of period $ 474 $ 432 $ 335 Additions for tax positions taken in prior years 14 62 168 Additions for tax positions taken in the current year 7 6 6 Exam resolutions (1 ) (8 ) (62 ) Statute expirations (7 ) (18 ) (15 ) Balance at end of period $ 487 $ 474 $ 432 The total amount of uncertain tax positions that, if recognized, would impact the effective income tax rate as of December 31, 2021, 2020 and 2019, were $285 million, $280 million and $274 million, respectively. The Company classifies interest and penalties related to uncertain tax positions as a component of income tax expense. At December 31, 2021, the Company’s uncertain tax position balance included $45 million of accrued interest and ended December 31, 2021, 2020 and 2019 the Company recorded approximately $5 million, $5 million and $7 million, respectively, in interest and penalties on uncertain tax positions. Deferred income tax assets and liabilities reflect the tax effect of estimated temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for the same items for income tax reporting purposes. The significant components of the Company’s net deferred tax asset (liability) follows: At December 31 (Dollars in Millions) 2021 2020 Deferred Tax Assets Federal, state and foreign net operating loss and credit carryforwards $ 2,331 $ 2,495 Allowance for credit losses 1,561 2,042 Accrued expenses 568 554 Obligation for operating leases 281 293 Securities available-for-sale 163 — Stock compensation 76 84 Pension and postretirement benefits 8 108 Partnerships and other investment assets — 9 Other deferred tax assets, net 451 383 Gross deferred tax assets 5,439 5,968 Deferred Tax Liabilities Leasing activities (2,263 ) (2,511 ) Goodwill and other intangible assets (845 ) (802 ) Mortgage servicing rights (593 ) (408 ) Right of use operating leases (246 ) (249 ) Fixed assets (238 ) (226 ) Loans (85 ) (112 ) Partnerships and other investment assets (8 ) — Securities available-for-sale — (755 ) Other deferred tax liabilities, net (127 ) (145 ) Gross deferred tax liabilities (4,405 ) (5,208 ) Valuation allowance (249 ) (163 ) Net Deferred Tax Asset $ 785 $ 597 The Company has approximately $2.8 billion of federal, state and foreign net operating loss carryforwards which expire at various times beginning in 2022 In addition, the Company has $2.1 billion of federal credit carryforwards which expire at various times through 2041 are not subject to a valuation allowance as management believes that it is more likely than not that the credits will be utilized within the carryforward period. At December 31, 2021, retained earnings included approximately $102 million of base year reserves of acquired thrift institutions, for which no deferred federal income tax liability has been recognized. These base year reserves would be recaptured if certain subsidiaries of the Company cease to qualify as a bank for federal income tax purposes. The base year reserves also remain subject to income tax penalty provisions that, in general, require recapture upon certain stock redemptions of, and excess distributions to, stockholders.

Derivative Instruments

Derivative Instruments	12 Months Ended
Derivative Instruments	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	NOTE 20 Derivative Instruments In the ordinary course of business, the Company enters into derivative transactions to manage various risks and to accommodate the business requirements of its customers. The Company recognizes all derivatives on the Consolidated Balance Sheet at fair value in other assets or in other liabilities. On the date the Company enters into a derivative contract, the derivative is designated as either a fair value hedge, cash flow hedge, net investment hedge, or a designation is not made as it is a customer-related transaction, an economic hedge for asset/liability risk management purposes or another stand-alone derivative created through the Company’s operations (“free-standing derivative”). When a derivative is designated as a fair value, cash flow or net investment hedge, the Company performs an assessment, at inception and, at a minimum, quarterly thereafter, to determine the effectiveness of the derivative in offsetting changes in the value or cash flows of the hedged item(s). Fair Value Hedges available-for-sale Cash Flow Hedges (net-of-tax) (net-of-tax) comprehensive income (loss) into earnings during the next 12 months is a loss of $27 million (net-of-tax). Net Investment Hedges non-derivative non-derivative Other Derivative Positions to-be-announced non-derivative The following table summarizes the asset and liability management derivative positions of the Company at December 31: 2021 2020 Notional Fair Value Notional Fair Value (Dollars in Millions) Assets Liabilities Assets Liabilities Fair value hedges Interest rate contracts Receive fixed/pay floating swaps $ 12,350 $ – $ – $ 8,400 $ – $ – Pay fixed/receive floating swaps 16,650 – – 100 – – Cash flow hedges Interest rate contracts Pay fixed/receive floating swaps – – – 3,250 – – Net investment hedges Foreign exchange forward contracts 793 – 4 815 – 3 Other economic hedges Interest rate contracts Futures and forwards Buy 9,322 10 16 18,356 73 5 Sell 29,348 25 27 39,416 48 157 Options Purchased 18,570 256 – 11,610 121 – Written 9,662 52 231 12,843 202 198 Receive fixed/pay floating swaps 9,653 – – 11,971 – – Pay fixed/receive floating swaps 7,033 – – 8,616 – – Foreign exchange forward contracts 735 2 6 633 1 2 Equity contracts 209 5 – 172 3 – Other (a) 1,792 – 125 1,879 1 183 Total $ 116,117 $ 350 $ 409 $ 118,061 $ 449 $ 548 (a) Includes derivative liability swap agreements related to the sale of a portion of the Company’s Class B common and preferred shares of Visa Inc. The Visa swap agreements had a total notional value and fair value of $1.8 billion and $125 million at December 31, 2021, respectively, compared to $1.8 billion and $182 million at December 31, 2020, respectively. In addition, includes short-term underwriting purchase and sale commitments with total asset and liability notional values of $4 million at December 31, 2021, and $47 million at December 31, 2020. The following table summarizes the customer-related derivative positions of the Company at December 31: 2021 2020 Notional Fair Value Notional Fair Value (Dollars in Millions) Assets Liabilities Assets Liabilities Interest rate contracts Receive fixed/pay floating swaps $ 178,701 $ 2,007 $ 438 $ 156,886 $ 3,782 $ 99 Pay fixed/receive floating swaps 174,176 134 670 150,011 2 1,239 Other (a) 16,267 1 2 16,308 6 3 Options Purchased 89,679 194 36 74,109 111 46 Written 85,211 36 176 69,941 46 81 Futures Buy 3,607 – – 2,775 – – Sell 3,941 – – 4,090 – – Foreign exchange rate contracts Forwards, spots and swaps 89,321 1,145 1,143 90,837 1,590 1,565 Options Purchased 805 19 – 519 14 – Written 805 – 19 519 – 14 Credit contracts 9,331 1 5 10,355 1 7 Total $ 651,844 $ 3,537 $ 2,489 $ 576,350 $ 5,552 $ 3,054 (a) Primarily represents floating rate interest rate swaps that pay based on differentials between specified interest rate indexes. The table below shows the effective portion of the gains (losses) recognized in other comprehensive income (loss) and the gains (losses) reclassified from other comprehensive income (loss) into earnings (net-of-tax) Gains (Losses) Recognized in Other Gains (Losses) Reclassified from (Dollars in Millions) 2021 2020 2019 2021 2020 2019 Asset and Liability Management Positions Cash flow hedges Interest rate contracts $ 94 $ (145 ) $ (171 ) $ (10 ) $ (7 ) $(8) Net investment hedges Foreign exchange forward contracts 19 (21 ) 3 – – – Non-derivative 84 (90 ) 13 – – – Note:The Company does not exclude components from effectiveness testing for cash flow and net investment hedges. The table below shows the effect of fair value and cash flow hedge accounting on the Consolidated Statement of Income for the years ended December 31: Interest Income Interest Expense (Dollars in Millions) 2021 2020 2019 2021 2020 2019 Total amount of income and expense line items presented in the Consolidated Statement of Income in which the effects of fair value or cash flow hedges are recorded $ 13,487 $ 14,840 $ 17,494 $ 993 $ 2,015 $ 4,442 Asset and Liability Management Positions Fair value hedges Interest rate contract derivatives 17 1 – 232 (134 ) (44) Hedged items (19 ) (1 ) – (232 ) 134 44 Cash flow hedges Interest rate contract derivatives – – – 14 10 11 Note: The Company does not exclude components from effectiveness testing for fair value and cash flow hedges. The Company reclassified losses of $53 million and $41 million into earnings during the years ended December 31, 2021 and 2020, respectively, as a result of realized cash flows on discontinued cash flow hedges. The Company did not reclassify gains or losses into earnings as a result of realized cash flows on discontinued cash flow hedges during the year ended December 31, 2019. No amounts were reclassified into earnings on discontinued cash flow hedges because it is probable the original hedged forecasted cash flows will not occur. The table below shows cumulative hedging adjustments and the carrying amount of assets and liabilities designated in fair value hedges: Carrying Amount of the Cumulative Hedging (a) At December 31 (Dollars in Millions) 2021 2020 2021 2020 Line Item in the Consolidated Balance Sheet Available-for-sale $ 16,445 $ 99 $ (26 ) $(1) Long-term debt 12,278 8,567 585 903 (a) The cumulative hedging adjustment related to discontinued hedging relationships on available-for-sale The table below shows the gains (losses) recognized in earnings for other economic hedges and the customer-related positions for the years ended December 31: (Dollars in Millions) Location of Gains (Losses) Recognized in Earnings 2021 2020 2019 Asset and Liability Management Positions Other economic hedges Interest rate contracts Futures and forwards Mortgage banking revenue/ $ 511 $ 82 $ 34 Purchased and written options Mortgage banking revenue 527 1,527 432 Swaps Mortgage banking revenue (197 ) 598 316 Foreign exchange forward contracts Other noninterest income 1 3 (24) Equity contracts Compensation expense 7 3 — Other Other noninterest income 5 (70 ) (140) Customer-Related Positions Interest rate contracts Swaps Commercial products revenue 110 135 82 Purchased and written options Commercial products revenue (5 ) (8 ) 10 Futures Commercial products revenue 3 (18 ) (5) Foreign exchange rate contracts Forwards, spots and swaps Commercial products revenue 93 78 82 Purchased and written options Commercial products revenue 1 1 1 Credit contracts Commercial products revenue (7 ) (32 ) (18) Derivatives are subject to credit risk associated with counterparties to the derivative contracts. The Company measures that credit risk using a credit valuation adjustment and includes it within the fair value of the derivative. The Company manages counterparty credit risk through diversification of its derivative positions among various counterparties, by entering into derivative positions that are centrally cleared through clearinghouses, by entering into master netting arrangements and, where possible, by requiring collateral arrangements. A master netting arrangement allows two counterparties, who have multiple derivative contracts with each other, the ability to net settle amounts under all contracts, including any related collateral, through a single payment and in a single currency. Collateral arrangements generally require the counterparty to deliver collateral (typically cash or U.S. Treasury and agency securities) equal to the Company’s net derivative receivable, subject to minimum transfer and credit rating requirements. The Company’s collateral arrangements are predominately bilateral and, therefore, contain provisions that require collateralization of the Company’s net liability derivative positions. Required collateral coverage is based on net liability thresholds and may be contingent upon the Company’s credit rating from two of the nationally recognized statistical rating organizations. If the Company’s credit rating were to fall below credit ratings thresholds established in the collateral arrangements, the counterparties to the derivatives could request immediate additional collateral coverage up to and including full collateral coverage for derivatives in a net liability position. The aggregate fair value of all derivatives under collateral arrangements that were in a net liability position at December 31, 2021, was $731 million. At December 31, 2021, the Company had $508 million of cash posted as collateral against this net liability position

Netting Arrangements for Certai

Netting Arrangements for Certain Financial Instruments and Securities Financing Activities	12 Months Ended
	Dec. 31, 2021
Text Block [Abstract]
Netting Arrangements for Certain Financial Instruments and Securities Financing Activities	NOTE 21 Netting Arrangements for Certain Financial Instruments and Securities Financing Activities The Company’s derivative portfolio consists of bilateral over-the-counter trades, certain interest rate derivatives and credit contracts required to be centrally cleared through clearinghouses per current regulations, and exchange-traded positions which may include U.S. Treasury and Eurodollar futures or options on U.S. Treasury futures. Of the Company’s $768.0 billion total notional amount of derivative positions at December 31, 2021, $402.0 billion related to bilateral over-the-counter trades, $345.1 billion related to those centrally cleared through clearinghouses and $20.9 billion related to those that were exchange-traded. The Company’s derivative contracts typically include offsetting rights (referred to as netting arrangements), and depending on expected volume, credit risk, and counterparty preference, collateral maintenance may be required. For all derivatives under collateral support arrangements, fair value is determined daily and, depending on the collateral maintenance requirements, the Company and a counterparty may receive or deliver collateral, based upon the net fair value of all derivative positions between the Company and the counterparty. Collateral is typically cash, but securities may be allowed under collateral arrangements with certain counterparties. Receivables and payables related to cash collateral are included in other assets and other liabilities on the Consolidated Balance Sheet, along with the related derivative asset and liability fair values. Any securities pledged to counterparties as collateral remain on the Consolidated Balance Sheet. Securities received from counterparties as collateral are not recognized on the Consolidated Balance Sheet, unless the counterparty defaults. In general, securities used as collateral can be sold, repledged or otherwise used by the party in possession. No restrictions exist on the use of cash collateral by either party. Refer to Note 20 for further discussion of the Company’s derivatives, including collateral arrangements. As part of the Company’s treasury and broker-dealer operations, the Company executes transactions that are treated as securities sold under agreements to repurchase or securities purchased under agreements to resell, both of which are accounted for as collateralized financings. Securities sold under agreements to repurchase include repurchase agreements and securities loaned transactions. Securities purchased under agreements to resell include reverse repurchase agreements and securities borrowed transactions. For securities sold under agreements to repurchase, the Company records a liability for the cash received, which is included in short-term borrowings on the Consolidated Balance Sheet. For securities purchased under agreements to resell, the Company records a receivable for the cash paid, which is included in other assets on the Consolidated Balance Sheet. Securities transferred to counterparties under repurchase agreements and securities loaned transactions continue to be recognized on the Consolidated Balance Sheet, are measured at fair value, and are included in investment securities or other assets. Securities received from counterparties under reverse repurchase agreements and securities borrowed transactions are not recognized on the Consolidated Balance Sheet unless the counterparty defaults. The securities transferred under repurchase and reverse repurchase transactions typically are U.S. Treasury and agency securities, residential agency mortgage-backed securities or corporate debt securities. The securities loaned or borrowed typically are corporate debt securities traded by the Company’s broker-dealer subsidiary. In general, the securities transferred can be sold, repledged or otherwise used by the party in possession. No restrictions exist on the use of cash collateral by either party. Repurchase/reverse repurchase and securities loaned/borrowed transactions expose the Company to counterparty risk. The Company manages this risk by performing assessments, independent of business line managers, and establishing concentration limits on each counterparty. Additionally, these transactions include collateral arrangements that require the fair values of the underlying securities to be determined daily, resulting in cash being obtained or refunded to counterparties to maintain specified collateral levels. The following table summarizes the maturities by category of collateral pledged for repurchase agreements and securities loaned transactions: (Dollars in Millions) Overnight and Less Than 30-89 Greater Than Total December 31, 2021 Repurchase agreements U.S. Treasury and agencies $ 378 $ – $ – $ – $ 378 Residential agency mortgage-backed securities 551 – – – 551 Corporate debt securities 646 – – – 646 Total repurchase agreements 1,575 – – – 1,575 Securities loaned Corporate debt securities 169 – – – 169 Total securities loaned 169 – – – 169 Gross amount of recognized liabilities $ 1,744 $ – $ – $ – $ 1,744 December 31, 2020 Repurchase agreements U.S. Treasury and agencies $ 472 $ – $ – $ – $ 472 Residential agency mortgage-backed securities 398 – – – 398 Corporate debt securities 560 – – – 560 Total repurchase agreements 1,430 – – – 1,430 Securities loaned Corporate debt securities 218 – – – 218 Total securities loaned 218 – – – 218 Gross amount of recognized liabilities $ 1,648 $ – $ – $ – $ 1,648 close-out The following tables provide information on the Company’s netting adjustments, and items not offset on the Consolidated Balance Sheet but available for offset in the event of default: (Dollars in Millions) Gross Gross Amounts (a) Net Amounts Gross Amounts Not Offset on Financial (b) Collateral (c) Net Amount December 31, 2021 Derivative assets (d) $ 3,830 $ (1,609 ) $ 2,221 $ (142 ) $ (106 ) $ 1,973 Reverse repurchase agreements 359 – 359 (249 ) (110 ) – Securities borrowed 1,868 – 1,868 – (1,818 ) 50 Total $ 6,057 $ (1,609 ) $ 4,448 $ (391 ) $ (2,034 ) $ 2,023 December 31, 2020 Derivative assets (d) $ 5,744 $ (1,874 ) $ 3,870 $ (109 ) $ (287 ) $ 3,474 Reverse repurchase agreements 377 – 377 (262 ) (115 ) – Securities borrowed 1,716 – 1,716 – (1,670 ) 46 Total $ 7,837 $ (1,874 ) $ 5,963 $ (371 ) $ (2,072 ) $ 3,520 (a) Includes $528 million and $898 million of cash collateral related payables that were netted against derivative assets at December 31, 2021 and 2020, respectively. (b) For derivative assets this includes any derivative liability fair values that could be offset in the event of counterparty default; for reverse repurchase agreements this includes any repurchase agreement payables that could be offset in the event of counterparty default; for securities borrowed this includes any securities loaned payables that could be offset in the event of counterparty default. (c) Includes the fair value of securities received by the Company from the counterparty. These securities are not included on the Consolidated Balance Sheet unless the counterparty defaults. (d) Excludes $57 million and $257 million at December 31, 2021 and 2020, respectively, of derivative assets not subject to netting arrangements. (Dollars in Millions) Gross Gross Amounts (a) Net Amounts Gross Amounts Not Offset on Net Amount Financial (b) Collateral (c) December 31, 2021 Derivative liabilities (d) $ 2,761 $ (1,589 ) $ 1,172 $ (142 ) $ – $ 1,030 Repurchase agreements 1,575 – 1,575 (249 ) (1,326 ) – Securities loaned 169 – 169 – (167 ) 2 Total $ 4,505 $ (1,589 ) $ 2,916 $ (391 ) $ (1,493 ) $ 1,032 December 31, 2020 Derivative liabilities (d) $ 3,419 $ (2,312 ) $ 1,107 $ (109 ) $ – $ 998 Repurchase agreements 1,430 – 1,430 (262 ) (1,168 ) – Securities loaned 218 – 218 – (215 ) 3 Total $ 5,067 $ (2,312 ) $ 2,755 $ (371 ) $ (1,383 ) $ 1,001 (a) Includes $508 million and $1.3 billion of cash collateral related receivables that were netted against derivative liabilities at December 31, 2021 and 2020, respectively. (b) For derivative liabilities this includes any derivative asset fair values that could be offset in the event of counterparty default; for repurchase agreements this includes any reverse repurchase agreement receivables that could be offset in the event of counterparty default; for securities loaned this includes any securities borrowed receivables that could be offset in the event of counterparty default. (c) Includes the fair value of securities pledged by the Company to the counterparty. These securities are included on the Consolidated Balance Sheet unless the Company defaults. (d) Excludes $137 million and $183 million at December 31, 2021 and 2020, respectively, of derivative liabilities not subject to netting arrangements.

Fair Values of Assets and Liabi

Fair Values of Assets and Liabilities	12 Months Ended
Fair Values of Assets and Liabilities	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Values of Assets and Liabilities	NOTE 22 Fair Values of Assets and Liabilities The Company uses fair value measurements for the initial recording of certain assets and liabilities, periodic remeasurement of certain assets and liabilities, and disclosures. Derivatives, trading and available-for-sale lower-of-cost-or-fair Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. A fair value measurement reflects all of the assumptions that market participants would use in pricing the asset or liability, including assumptions about the risk inherent in a particular valuation technique, the effect of a restriction on the sale or use of an asset and the risk of nonperformance. The Company groups its assets and liabilities measured at fair value into a three-level hierarchy for valuation techniques used to measure financial assets and financial liabilities at fair value. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are: – Level 1 — Quoted prices in active markets for identical assets or liabilities. Level 1 includes U.S. Treasury securities, as well as exchange-traded instruments. – Level 2 — Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 includes debt securities that are traded less frequently than exchange-traded instruments and which are typically valued using third party pricing services; derivative contracts and other assets and liabilities, including securities, whose value is determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data; and MLHFS whose values are determined using quoted prices for similar assets or pricing models with inputs that are observable in the market or can be corroborated by observable market data. – Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose values are determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. This category includes MSRs and certain derivative contracts. Valuation Methodologies The valuation methodologies used by the Company to measure financial assets and liabilities at fair value are described below. In addition, the following section includes an indication of the level of the fair value hierarchy in which the assets or liabilities are classified. Where appropriate, the descriptions include information about the valuation models and key inputs to those models. During the years ended December 31, 2021, 2020 and 2019, there were no significant changes to the valuation techniques used by the Company to measure fair value. Available-For-Sale For other securities, quoted market prices may not be readily available for the specific securities. When possible, the Company determines fair value based on market observable information, including quoted market prices for similar securities, inactive transaction prices, and broker quotes. These securities are classified within Level 2 of the fair value hierarchy. Level 2 valuations are generally provided by a third-party pricing service. Level 2 investment securities are predominantly agency mortgage-backed securities, certain other asset-backed securities, obligations of state and political subdivisions and agency debt securities. Mortgage Loans Held For Sale Mortgage Servicing Rights these cash flows using a risk adjusted rate based on option adjusted spread levels. There is minimal observable market activity for MSRs on comparable portfolios and, therefore, the determination of fair value requires significant management judgment. Refer to Note 10 for further information on MSR valuation assumptions. Derivatives over-the-counter The Company also has other derivative contracts that are created through its operations, including commitments to purchase and originate mortgage loans and swap agreements executed in conjunction with the sale of a portion of its Class B common and preferred shares of Visa Inc. (the “Visa swaps”). The mortgage loan commitments are valued by pricing models that include market observable and unobservable inputs, which result in the commitments being classified within Level 3 of the fair value hierarchy. The unobservable inputs include assumptions about the percentage of commitments that actually become a closed loan and the MSR value that is inherent in the underlying loan value. The Visa swaps require payments by either the Company or the purchaser of the Visa Inc. Class B common and preferred shares when there are changes in the conversion rate of the Visa Inc. Class B common and preferred shares to Visa Inc. Class A common and preferred shares, respectively, as well as quarterly payments to the purchaser based on specified terms of the agreements. Management reviews and updates the Visa swaps fair value in conjunction with its review of Visa Inc. related litigation contingencies, and the associated escrow funding. The expected litigation resolution impacts the Visa Inc. Class B common share to Visa Inc. Class A common share conversion rate, as well as the ultimate termination date for the Visa swaps. Accordingly, the Visa swaps are classified within Level 3. Refer to Note 23 for further information on the Visa Inc. restructuring and related card association litigation. Significant Unobservable Inputs of Level 3 Assets and Liabilities The following section provides information to facilitate an understanding of the uncertainty in the fair value measurements for the Company’s Level 3 assets and liabilities recorded at fair value on the Consolidated Balance Sheet. This section includes a description of the significant inputs used by the Company and a description of any interrelationships between these inputs. The discussion below excludes nonrecurring fair value measurements of collateral value used for impairment measures for loans and OREO. These valuations utilize third party appraisal or broker price opinions, and are classified as Level 3 due to the significant judgment involved. Mortgage Servicing Rights The following table shows the significant valuation assumption ranges for MSRs at December 31, 2021: Minimum Maximum Weighted- (a) Expected prepayment 3 % 13 % 10 % Option adjusted spread 6 11 7 (a) Determined based on the relative fair value of the related mortgage loans serviced. Derivatives The significant unobservable inputs used in the fair value measurement of the Company’s derivative commitments to purchase and originate mortgage loans are the percentage of commitments that actually become a closed loan and the MSR value that is inherent in the underlying loan value. A significant increase in the rate of loans that close would have resulted in a larger derivative asset or liability. A significant increase in the inherent MSR value would have resulted in an increase in the derivative asset or a reduction in the derivative liability. Expected loan close rates and the inherent MSR values are directly impacted by changes in market rates and will generally move in the same direction as interest rates. The following table shows the significant valuation assumption ranges for the Company’s derivative commitments to purchase and originate mortgage loans at December 31, 2021: Minimum Maximum Weighted- (a) Expected loan close rate 2 % 100 % 80 % Inherent MSR value (basis points per loan) 14 181 116 (a) Determined based on the relative fair value of the related mortgage loans. The significant unobservable input used in the fair value measurement of certain of the Company’s asset/liability and customer-related derivatives is the credit valuation adjustment related to the risk of counterparty nonperformance. A significant increase in the credit valuation adjustment would have resulted in a lower fair value measurement. A significant decrease in the credit valuation adjustment would have resulted in a higher fair value measurement. The credit valuation adjustment is impacted by changes in market rates, volatility, market implied credit spreads, and loss recovery rates, as well as the Company’s assessment of the counterparty’s credit position. At December 31, 2021, the minimum, maximum and weighted-average credit valuation adjustment as a percentage of the net fair value of the counterparty’s derivative contracts prior to adjustment was 0 percent, 1,744 percent and 3 percent, respectively. The significant unobservable inputs used in the fair value measurement of the Visa swaps are management’s estimate of the probability of certain litigation scenarios occurring, and the timing of the resolution of the related litigation loss estimates in excess, or shortfall, of the Company’s proportional share of escrow funds. An increase in the loss estimate or a delay in the resolution of the related litigation would have resulted in an increase in the derivative liability. A decrease in the loss estimate or an acceleration of the resolution of the related litigation would have resulted in a decrease in the derivative liability. The following table summarizes the balances of assets and liabilities measured at fair value on a recurring basis: (Dollars in Millions) Level 1 Level 2 Level 3 Netting Total December 31, 2021 Available-for-sale U.S. Treasury and agencies $ 30,917 $ 5,692 $ – $ – $ 36,609 Mortgage-backed securities Residential agency – 77,079 – – 77,079 Commercial agency – 8,485 – – 8,485 Asset-backed securities – 59 7 – 66 Obligations of state and political subdivisions – 10,716 1 – 10,717 Other – 7 – – 7 Total available-for-sale 30,917 102,038 8 – 132,963 Mortgage loans held for sale – 6,623 – – 6,623 Mortgage servicing rights – – 2,953 – 2,953 Derivative assets 8 2,490 1,389 (1,609 ) 2,278 Other assets 278 1,921 – – 2,199 Total $ 31,203 $ 113,072 $ 4,350 $ (1,609) $ 147,016 Derivative liabilities $ – $ 2,308 $ 590 $ (1,589) $ 1,309 Short-term borrowings and other liabilities (a) 209 1,837 – – 2,046 Total $ 209 $ 4,145 $ 590 $ (1,589) $ 3,355 December 31, 2020 Available-for-sale U.S. Treasury and agencies $ 19,251 $ 3,140 $ – $ – $ 22,391 Mortgage-backed securities Residential agency – 99,968 – – 99,968 Commercial agency – 5,406 – – 5,406 Asset-backed securities – 198 7 – 205 Obligations of state and political subdivisions – 8,860 1 – 8,861 Other – 9 – – 9 Total available-for-sale 19,251 117,581 8 – 136,840 Mortgage loans held for sale – 8,524 – – 8,524 Mortgage servicing rights – – 2,210 – 2,210 Derivative assets 4 3,235 2,762 (1,874 ) 4,127 Other assets 302 1,601 – – 1,903 Total $ 19,557 $ 130,941 $ 4,980 $ (1,874) $ 153,604 Derivative liabilities $ – $ 3,166 $ 436 $ (2,312) $ 1,290 Short-term borrowings and other liabilities (a) 85 1,672 – – 1,757 Total $ 85 $ 4,838 $ 436 $ (2,312) $ 3,047 Note: Excluded from the table above are equity investments without readily determinable fair values. The Company has elected to carry these investments at historical cost, adjusted for impairment and any changes resulting from observable price changes for identical or similar investments of the issuer. The aggregate carrying amount of these equity investments was $79 million and $85 million at December 31, 2021 and 2020, respectively. The Company has not recorded impairments or adjustments for observable price changes on these equity investments during 2021 and 2020, or on a cumulative basis. (a) Primarily represents the Company’s obligation on securities sold short required to be accounted for at fair value per applicable accounting guidance. The following table presents the changes in fair value for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the years ended December 31: (Dollars in Millions) Beginning of Period Balance Net Gains (Losses) Included in Net Income Net Gains (Losses) Included in Other Comprehensive Income (Loss) Purchases Sales Principal Payments Issuances Settlements Transfers into Level 3 End of Balance Net Change in Unrealized Gains (Losses) Relating to Assets and Liabilities Held at End of Period 2021 Available-for-sale Asset-backed securities $ 7 $ – $ 1 $ – $ – $ (1 ) $ – $ – $ – $ 7 $ 1 Obligations of state and political subdivisions 1 – – – – – – – – 1 – Total available-for-sale 8 – 1 – – (1 ) – – – 8 1 Mortgage servicing rights 2,210 (437 ) (a) – 42 2 – 1,136 (c) – – 2,953 (437 ) (a) Net derivative assets and liabilities 2,326 (924 ) (b) – 337 (3 ) – – (937 ) – 799 (968 ) (d) 2020 Available-for-sale Asset-backed securities $ 8 $ – $ – $ – $ – $ (1 ) $ – $ – $ – $ 7 $ – Obligations of state and political subdivisions 1 – – – – – – – – 1 – Total available-for-sale 9 – – – – (1 ) – – – 8 – Mortgage servicing rights 2,546 (1,403 ) (a) – 34 3 – 1,030 (c) – – 2,210 (1,403 ) (a) Net derivative assets and liabilities 810 2,922 (e) – 247 (3 ) – – (1,650 ) – 2,326 1,649 (f) 2019 Available-for-sale Asset-backed securities $ – $ – $ – $ – $ – $ – $ – $ – $ 8 $ 8 $ – Obligations of state and political subdivisions – – – – – – – – 1 1 – Total available-for-sale – – – – – – – – 9 9 – Mortgage servicing rights 2,791 (829 ) (a) – 20 5 – 559 (c) – – 2,546 (829 ) (a) Net derivative assets and liabilities 80 769 (g) – 142 (9 ) – – (172 ) – 810 782 (h) (a) Included in mortgage banking revenue. (b) Approximately $666 million, $(1.6) billion and $5 million included in mortgage banking revenue, commercial products revenue and other noninterest income, respectively. (c) Represents MSRs capitalized during the period. (d) Approximately $42 million, $(1.0) billion and $5 million included in mortgage banking revenue, commercial products revenue and other noninterest income, respectively. (e) Approximately $1.9 billion, $1.1 billion and $(70) million included in mortgage banking revenue, commercial products revenue and other noninterest income, respectively. (f) Approximately $247 million, $1.5 billion and $(70) million included in mortgage banking revenue, commercial products revenue and other noninterest income, respectively. (g) Approximately $482 million, $428 million and $(141) million included in mortgage banking revenue, commercial products revenue and other noninterest income, respectively. (h) Approximately $35 million, $888 million and $(141) million included in mortgage banking revenue, commercial products revenue and other noninterest income, respectively. The Company is also required periodically to measure certain other financial assets at fair value on a nonrecurring basis. These measurements of fair value usually result from the application of lower-of-cost-or-fair The following table summarizes the balances as of the measurement date of assets measured at fair value on a nonrecurring basis, and still held as of December 31: 2021 2020 (Dollars in Millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Loans (a) $ – $ – $ 59 $ 59 $ – $ – $ 385 $ 385 Other assets (b) – – 77 77 – – 30 30 (a) Represents the carrying value of loans for which adjustments were based on the fair value of the collateral, excluding loans fully charged-off. (b) Primarily represents the fair value of foreclosed properties that were measured at fair value based on an appraisal or broker price opinion of the collateral subsequent to their initial acquisition. The following table summarizes losses recognized related to nonrecurring fair value measurements of individual assets or portfolios for the years ended December 31: (Dollars in Millions) 2021 2020 2019 Loans (a) $ 60 $ 426 $ 122 Other assets (b) 25 21 17 (a) Represents write-downs of loans which were based on the fair value of the collateral, excluding loans fully charged-off. (b) Primarily represents related losses of foreclosed properties that were measured at fair value subsequent to their initial acquisition. Fair Value Option The following table summarizes the differences between the aggregate fair value carrying amount of MLHFS for which the fair value option has been elected and the aggregate unpaid principal amount that the Company is contractually obligated to receive at maturity as of December 31: 2021 2020 (Dollars in Millions) Fair Value Aggregate Carrying Fair Value Aggregate Carrying Total loans $ 6,623 $ 6,453 $ 170 $ 8,524 $ 8,136 $ 388 Nonaccrual loans 1 1 — 1 1 — Loans 90 days or more past due 2 2 — 2 2 — Fair Value of Financial Instruments The following section summarizes the estimated fair value for financial instruments accounted for at amortized cost as of December 31, 2021 and 2020. In accordance with disclosure guidance related to fair values of financial instruments, the Company did not include assets and liabilities that are not financial instruments, such as the value of goodwill, long-term relationships with deposit, credit card, merchant processing and trust customers, other purchased intangibles, premises and equipment, deferred taxes and other liabilities. Additionally, in accordance with the disclosure guidance, receivables and payables due in one year or less, insurance contracts, equity investments not accounted for at fair value, and deposits with no defined or contractual maturities are excluded. The estimated fair values of the Company’s financial instruments as of December 31, are shown in the table below: 2021 2020 Carrying Amount Fair Value Carrying Amount Fair Value (Dollars in Millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Financial Assets Cash and due from banks $ 28,905 $ 28,905 $ – $ – $ 28,905 $ 62,580 $ 62,580 $ – $ – $ 62,580 Federal funds sold and securities purchased under resale agreements 359 – 359 – 359 377 – 377 – 377 Investment securities held-to-maturity 41,858 – 41,812 – 41,812 – – – – – Loans held for sale (a) 1,152 – – 1,152 1,152 237 – – 237 237 Loans 306,304 – – 312,724 312,724 290,393 – – 300,419 300,419 Other (b) 1,521 – 630 891 1,521 1,772 – 731 1,041 1,772 Financial Liabilities Time deposits 22,665 – 22,644 – 22,644 30,694 – 30,864 – 30,864 Short-term borrowings (c) 9,750 – 9,646 – 9,646 10,009 – 9,956 – 9,956 Long-term debt 32,125 – 32,547 – 32,547 41,297 – 42,485 – 42,485 Other (d) 3,862 – 1,170 2,692 3,862 4,052 – 1,234 2,818 4,052 (a) Excludes mortgages held for sale for which the fair value option under applicable accounting guidance was elected. (b) Includes investments in Federal Reserve Bank and Federal Home Loan Bank stock and tax-advantaged (c) Excludes the Company’s obligation on securities sold short required to be accounted for at fair value per applicable accounting guidance. (d) Includes operating lease liabilities and liabilities related to tax-advantaged The fair value of unfunded commitments, deferred non-yield non-yield standby letters of credit was $495 million and $774 million at December 31, 2021 and 2020, respectively. The carrying value of other guarantees was $245 million and $362 million at December 31, 2021 and 2020, respectively.

Guarantees and Contingent Liabi

Guarantees and Contingent Liabilities	12 Months Ended
Guarantees and Contingent Liabilities	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Guarantees and Contingent Liabilities	NOTE 23 Guarantees and Contingent Liabilities Visa Restructuring and Card Association Litigation Visa U.S.A. Inc. (“Visa U.S.A.”) and MasterCard International (collectively, the “Card Brands”) are defendants in antitrust lawsuits challenging the practices of the Card Brands (the “Visa Litigation”). Visa U.S.A. member banks have a contingent obligation to indemnify Visa Inc. under the Visa U.S.A. bylaws (which were modified at the time of the restructuring in October 2007) for potential losses arising from the Visa Litigation. The indemnification by the Visa U.S.A. member banks has no specific maximum amount. Using proceeds from its IPO and through reductions to the conversion ratio applicable to the Class B shares held by Visa U.S.A. member banks, Visa Inc. has funded an escrow account for the benefit of member financial institutions to fund their indemnification obligations associated with the Visa Litigation. The receivable related to the escrow account is classified in other liabilities as a direct offset to the related Visa Litigation contingent liability. In October 2012, Visa signed a settlement agreement to resolve class action claims associated with the multidistrict interchange litigation pending in the United States District Court for the Eastern District of New York (the “Multi-District Litigation”). The U.S. Court of Appeals for the Second Circuit reversed the approval of that settlement and remanded the matter to the district court. Thereafter, the case was split into two putative class actions, one seeking damages (the “Damages Action”) and a separate class action seeking injunctive relief only (the “Injunctive Action”). In September 2018, Visa signed a new settlement agreement, superseding the original settlement agreement, to resolve the Damages Action. The Damages Action settlement was approved by the United States District Court for the Eastern District of New York, but is now on appeal. The Injunctive Action, which generally seeks changes to Visa rules, is still pending. Commitments to Extend Credit borrower. The Company manages this credit risk by using the same credit policies it applies to loans. Collateral is obtained to secure commitments based on management’s credit assessment of the borrower. The collateral may include marketable securities, receivables, inventory, equipment and real estate. Since the Company expects many of the commitments to expire without being drawn, total commitment amounts do not necessarily represent the Company’s future liquidity requirements. In addition, the commitments include consumer credit lines that are cancelable upon notification to the consumer. The contract or notional amounts of unfunded commitments to extend credit at December 31, 2021, excluding those commitments considered derivatives, were as follows: Term (Dollars in Millions) Less Than Greater Total Commercial and commercial real estate loans $ 40,385 $ 118,879 $ 159,264 Corporate and purchasing card loans (a) 30,263 – 30,263 Residential mortgages 613 1 614 Retail credit card loans (a) 120,905 – 120,905 Other retail loans 14,924 22,905 37,829 Other 6,268 – 6,268 (a) Primarily cancelable at the Company’s discretion. Other Guarantees and Contingent Liabilities The following table is a summary of other guarantees and contingent liabilities of the Company at December 31, 2021: (Dollars in Millions) Collateral Carrying Maximum Standby letters of credit $ – $ 57 $ 9,605 Third party borrowing arrangements – – 3 Securities lending indemnifications 9,074 – 8,807 Asset sales – 84 7,229 Merchant processing 777 140 120,417 Tender option bond program guarantee 1,725 – 1,488 Other – 21 1,398 Letters of Credit The contract or notional amount of letters of credit at December 31, 2021, were as follows: Term (Dollars in Millions) Less Than Greater Total Standby $ 4,760 $ 4,845 $ 9,605 Commercial 889 22 911 Guarantees buy-back Third Party Borrowing Arrangements Commitments from Securities Lending Cash collateralizes these transactions. The maximum potential future payments guaranteed by the Company under these arrangements were approximately $8.8 billion at December 31, 2021, and represent the fair value of the securities lent to third parties. At December 31, 2021, the Company held $9.1 billion of cash as collateral for these arrangements. Asset Sales tax-advantaged buy-back tax-qualifying buy-back tax-advantaged The maximum potential future payments do not include loan sales where the Company provides standard representation and warranties to the buyer against losses related to loan underwriting documentation defects that may have existed at the time of sale that generally are identified after the occurrence of a triggering event such as delinquency. For these types of loan sales, the maximum potential future payments is generally the unpaid principal balance of loans sold measured at the end of the current reporting period. Actual losses will be significantly less than the maximum exposure, as only a fraction of loans sold will have a representation and warranty breach, and any losses on repurchase would generally be mitigated by any collateral held against the loans. The Company regularly sells loans to GSEs as part of its mortgage banking activities. The Company provides customary representations and warranties to GSEs in conjunction with these sales. These representations and warranties generally require the Company to repurchase assets if it is subsequently determined that a loan did not meet specified criteria, such as a documentation deficiency or rescission of mortgage insurance. If the Company is unable to cure or refute a repurchase request, the Company is generally obligated to repurchase the loan or otherwise reimburse the GSE for losses. At December 31, 2021, the Company had reserved $18 million for potential losses from representation and warranty obligations, compared with $19 million at December 31, 2020. The Company’s reserve reflects management’s best estimate of losses for representation and warranty obligations. The Company’s repurchase reserve is modeled at the loan level, taking into consideration the individual credit quality and borrower activity that has transpired since origination. The model applies credit quality and economic risk factors to derive a probability of default and potential repurchase that are based on the Company’s historical loss experience, and estimates loss severity based on expected collateral value. The Company also considers qualitative factors that may result in anticipated losses differing from historical loss trends. As of December 31, 2021 and 2020, the Company had $19 million and $13 million, respectively, of unresolved representation and warranty claims from GSEs. The Company does not have a significant amount of unresolved claims from investors other than GSEs. Merchant Processing A cardholder, through its issuing bank, generally has until the later of up to four months after the date the transaction is processed or the receipt of the product or service to present a charge-back to the Company as the merchant processor. The absolute maximum potential liability is estimated to be the total volume of credit card transactions that meet the associations’ requirements to be valid charge-back transactions at any given time. Management estimates that the maximum potential exposure for charge-backs would approximate the total amount of merchant transactions processed through the credit card associations for the last four months. For the last four months of 2021 this amount totaled approximately $120.4 billion. In most cases, this contingent liability is unlikely to arise, as most products and services are delivered when purchased and amounts are refunded when items are returned to merchants. However, where the product or service has been purchased but is not provided until a future date (“future delivery”), the potential for this contingent liability increases. To mitigate this risk, the Company may require the merchant to make an escrow deposit, place maximum volume limitations on future delivery transactions processed by the merchant at any point in time, or require various credit enhancements (including letters of credit and bank guarantees). Also, merchant processing contracts may include event triggers to provide the Company more financial and operational control in the event of financial deterioration of the merchant. The Company currently processes card transactions in the United States, Canada and Europe through wholly-owned subsidiaries. In the event a merchant was unable to fulfill product or services subject to future delivery, such as airline tickets, the Company could become financially liable for refunding the purchase price of such products or services purchased through the credit card associations under the charge-back provisions. Charge-back risk related to these merchants is evaluated in a manner similar to credit risk assessments and, as such, merchant processing contracts contain various provisions to protect the Company in the event of default. At December 31, 2021, the value of airline tickets purchased to be delivered at a future date through card transactions processed by the Company was $7.6 billion. The Company held collateral of $598 million in escrow deposits, letters of credit and indemnities from financial institutions, and liens on various assets. In addition to specific collateral or other credit enhancements, the Company maintains a liability for its implied guarantees associated with future delivery. At December 31, 2021, the liability was $125 million primarily related to these airline processing arrangements. In the normal course of business, the Company has unresolved charge-backs. The Company assesses the likelihood of its potential liability based on the extent and nature of unresolved charge-backs and its historical loss experience. At December 31, 2021, the Company held $177 million of merchant escrow deposits as collateral and had a recorded liability for potential losses of $15 million. Tender Option Bond Program Guarantee available-for-sale Other Guarantees and Commitments The Company has also made other financial performance guarantees and commitments primarily related to the operations of its subsidiaries. At December 31, 2021, the maximum potential future payments guaranteed or committed by the Company under these arrangements were approximately $717 million. Litigation and Regulatory Matters The Company is subject to various litigation and regulatory matters that arise in the ordinary course of its business. The Company establishes reserves for such matters when potential losses become probable and can be reasonably estimated. The Company believes the ultimate resolution of existing legal and regulatory matters will not have a material adverse effect on the financial condition, results of operations or cash flows of the Company. However, in light of the uncertainties inherent in these matters, it is possible that the ultimate resolution of one or more of these matters may have a material adverse effect on the Company’s results from operations for a particular period, and future changes in circumstances or additional information could result in additional accruals or resolution in excess of established accruals, which could adversely affect the Company’s results from operations, potentially materially. Residential Mortgage-Backed Securities Litigation Regulatory Matters regulatory scrutiny, such as compliance, risk management, third-party risk management and consumer protection. For example, the Consumer Financial Protection Bureau (“CFPB”) is investigating certain of the Company’s consumer sales practices, and the Company has responded and continues to respond to the CFPB. The Company is cooperating fully with all pending examinations, inquiries and investigations, any of which could lead to administrative or legal proceedings or settlements. Remedies in these proceedings or settlements may include fines, penalties, restitution or alterations in the Company’s business practices (which may increase the Company’s operating expenses and decrease its revenue). Outlook

Business Segments

Business Segments	12 Months Ended
Business Segments	Dec. 31, 2021
Text Block [Abstract]
Business Segments	NOTE 24 Business Segments Within the Company, financial performance is measured by major lines of business based on the products and services provided to customers through its distribution channels. These operating segments are components of the Company about which financial information is prepared and is evaluated regularly by management in deciding how to allocate resources and assess performance. The Company has five reportable operating segments: Corporate and Commercial Banking non-profit Consumer and Business Banking on-line Wealth Management and Investment Services Payment Services Treasury and Corporate Support tax-advantaged Basis of Presentation deposits and other liabilities and their related income or expense. The allowance for credit losses and related provision expense are allocated to the business segments according to the volume and credit quality of the loan balances managed, but with the impact of changes in economic forecasts recorded in Treasury and Corporate Support. Goodwill and other intangible assets are assigned to the business segments based on the mix of business of an entity acquired by the Company. Within the Company, capital levels are evaluated and managed centrally; however, capital is allocated to the business segments to support evaluation of business performance. Business segments are allocated capital on a risk-adjusted basis considering economic and regulatory capital requirements. Generally, the determination of the amount of capital allocated to each business segment includes credit allocations following a Basel III regulatory framework. Interest income and expense is determined based on the assets and liabilities managed by the business segment. Because funding and asset liability management is a central function, funds transfer-pricing methodologies are utilized to allocate a cost of funds used or credit for funds provided to all business segment assets and liabilities, respectively, using a matched funding concept. Also, each business unit is allocated the taxable-equivalent benefit of tax-exempt the consolidated financial statements. Occupancy costs are allocated based on utilization of facilities by the business segments. Generally, operating losses are charged to the business segment when the loss event is realized in a manner similar to a loan charge-off. Designations, assignments and allocations change from time to time as management systems are enhanced, methods of evaluating performance or product lines change or business segments are realigned to better respond to the Company’s diverse customer base. During 2021, certain organization and methodology changes were made and, accordingly, 2020 results were restated and presented on a comparable basis. Business segment results for the years ended December 31 were as follows: Corporate and Commercial Banking Consumer and Business Banking Wealth Management and Investment Services (Dollars in Millions) 2021 2020 2021 2020 2021 2020 Condensed Income Statement Net interest income (taxable-equivalent basis) $ 2,900 $ 3,411 $ 6,077 $ 5,759 $ 1,002 $ 1,246 Noninterest income 1,035 1,117 2,501 3,177 2,221 2,022 Total net revenue 3,935 4,528 8,578 8,936 3,223 3,268 Noninterest expense 1,678 1,711 5,690 5,470 2,045 1,961 Other intangibles – – 12 16 14 12 Total noninterest expense 1,678 1,711 5,702 5,486 2,059 1,973 Income (loss) before provision and income taxes 2,257 2,817 2,876 3,450 1,164 1,295 Provision for credit losses 89 604 (144 ) 291 47 40 Income (loss) before income taxes 2,168 2,213 3,020 3,159 1,117 1,255 Income taxes and taxable-equivalent adjustment 542 554 755 791 280 314 Net income (loss) 1,626 1,659 2,265 2,368 837 941 Net (income) loss attributable to noncontrolling interests – – – – – – Net income (loss) attributable to U.S. Bancorp $ 1,626 $ 1,659 $ 2,265 $ 2,368 $ 837 $ 941 Average Balance Sheet Loans $ 103,208 $ 115,563 $ 141,082 $ 141,259 $ 18,097 $ 15,456 Other earning assets 4,537 4,163 8,093 7,175 242 287 Goodwill 1,715 1,647 3,428 3,500 1,628 1,617 Other intangible assets 5 6 2,760 2,105 84 39 Assets 115,194 128,038 161,571 159,191 21,236 18,564 Noninterest-bearing deposits 61,272 44,309 33,855 30,467 24,587 17,149 Interest-bearing deposits 71,246 88,138 158,434 131,536 75,618 77,525 Total deposits 132,518 132,447 192,289 162,003 100,205 94,674 Total U.S. Bancorp shareholders’ equity 13,928 15,063 12,337 12,739 3,154 2,936 Payment Services Treasury and Corporate Support Consolidated Company (Dollars in Millions) 2021 2020 2021 2020 2021 2020 Condensed Income Statement Net interest income (taxable-equivalent basis) $ 2,458 $ 2,562 $ 163 $ (54 ) $ 12,600 $ 12,924 Noninterest income 3,550 (a) 3,124 (a) 920 961 10,227 (b) 10,401 (b) Total net revenue 6,008 5,686 1,083 907 22,827 23,325 Noninterest expense 3,231 3,123 925 928 13,569 13,193 Other intangibles 133 148 – – 159 176 Total noninterest expense 3,364 3,271 925 928 13,728 13,369 Income (loss) before provision and income taxes 2,644 2,415 158 (21 ) 9,099 9,956 Provision for credit losses 349 681 (1,514 ) 2,190 (1,173 ) 3,806 Income (loss) before income taxes 2,295 1,734 1,672 (2,211 ) 10,272 6,150 Income taxes and taxable-equivalent adjustment 575 434 135 (928 ) 2,287 1,165 Net income (loss) 1,720 1,300 1,537 (1,283 ) 7,985 4,985 Net (income) loss attributable to noncontrolling interests – – (22 ) (26 ) (22 ) (26 ) Net income (loss) attributable to U.S. Bancorp $ 1,720 $ 1,300 $ 1,515 $ (1,309 ) $ 7,963 $ 4,959 Average Balance Sheet Loans $ 30,856 $ 31,539 $ 3,722 $ 3,452 $ 296,965 $ 307,269 Other earning assets 93 5 196,211 162,503 209,176 174,133 Goodwill 3,185 3,060 – – 9,956 9,824 Other intangible assets 508 581 – – 3,357 2,731 Assets 36,553 36,497 221,978 188,917 556,532 531,207 Noninterest-bearing deposits 4,861 4,351 2,629 2,263 127,204 98,539 Interest-bearing deposits 145 121 1,634 2,756 307,077 300,076 Total deposits 5,006 4,472 4,263 5,019 434,281 398,615 Total U.S. Bancorp shareholders’ equity 7,643 7,462 16,748 14,046 53,810 52,246 (a) Presented net of related rewards and rebate costs and certain partner payments of $2.5 billion and $2.1 billion for 2021 and 2020, respectively. (b) Includes revenue generated from certain contracts with customers of $7.5 billion and $6.9 billion for 2021 and 2020, respectively.

U.S. Bancorp (Parent Company)

U.S. Bancorp (Parent Company)	12 Months Ended
U.S. Bancorp (Parent Company)	Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]
U.S. Bancorp (Parent Company)	NOTE 25 U.S. Bancorp (Parent Company) Condensed Balance Sheet At December 31 (Dollars in Millions) 2021 2020 Assets Due from banks, principally interest-bearing $ 8,369 $ 12,279 Available-for-sale 1,209 1,469 Investments in bank subsidiaries 51,432 52,551 Investments in nonbank subsidiaries 3,632 3,286 Advances to bank subsidiaries 9,600 3,850 Advances to nonbank subsidiaries 707 1,118 Other assets 898 869 Total assets $ 75,847 $ 75,422 Liabilities and Shareholders’ Equity Long-term debt $ 18,902 $ 20,924 Other liabilities 2,027 1,403 Shareholders’ equity 54,918 53,095 Total liabilities and shareholders’ equity $ 75,847 $ 75,422 Condensed Income Statement Year Ended December 31 (Dollars in Millions) 2021 2020 2019 Income Dividends from bank subsidiaries $ 7,000 $ 1,500 $ 7,100 Dividends from nonbank subsidiaries 2 24 6 Interest from subsidiaries 112 172 317 Other income 46 85 25 Total income 7,160 1,781 7,448 Expense Interest expense 348 433 551 Other expense 154 140 140 Total expense 502 573 691 Income before income taxes and equity in undistributed income of subsidiaries 6,658 1,208 6,757 Applicable income taxes (53 ) (78 ) (92 ) Income of parent company 6,711 1,286 6,849 Equity in undistributed income of subsidiaries 1,252 3,673 65 Net income attributable to U.S. Bancorp $ 7,963 $ 4,959 $ 6,914 Condensed Statement of Cash Flows Year Ended December 31 (Dollars in Millions) 2021 2020 2019 Operating Activities Net income attributable to U.S. Bancorp $ 7,963 $ 4,959 $ 6,914 Adjustments to reconcile net income to net cash provided by operating activities Equity in undistributed income of subsidiaries (1,252 ) (3,673 ) (65 ) Other, net (85 ) 907 231 Net cash provided by operating activities 6,626 2,193 7,080 Investing Activities Proceeds from sales and maturities of investment securities 200 258 291 Purchases of investment securities – – (1,013 ) Net (increase) decrease in short-term advances to subsidiaries 411 347 578 Long-term advances to subsidiaries (7,000 ) – (2,600 ) Principal collected on long-term advances to subsidiaries 1,250 – 2,550 Other, net (269 ) 379 (341 ) Net cash provided by (used in) investing activities (5,408 ) 984 (535 ) Financing Activities Net increase (decrease) in short-term borrowings – (8 ) 8 Proceeds from issuance of long-term debt 1,300 2,750 3,743 Principal payments or redemption of long-term debt (3,000 ) (1,200 ) (1,500 ) Proceeds from issuance of preferred stock 2,221 486 – Proceeds from issuance of common stock 43 15 88 Repurchase of preferred stock (1,250 ) – – Repurchase of common stock (1,555 ) (1,672 ) (4,525 ) Cash dividends paid on preferred stock (308 ) (300 ) (302 ) Cash dividends paid on common stock (2,579 ) (2,552 ) (2,443 ) Net cash used in financing activities (5,128 ) (2,481 ) (4,931 ) Change in cash and due from banks (3,910 ) 696 1,614 Cash and due from banks at beginning of year 12,279 11,583 9,969 Cash and due from banks at end of year $ 8,369 $ 12,279 $ 11,583 Transfer of funds (dividends, loans or advances) from bank subsidiaries to the Company is restricted. Federal law requires loans to the Company or its affiliates to be secured and generally limits loans to the Company or an individual affiliate to 10 percent of each bank’s unimpaired capital and surplus. In the aggregate, loans to the Company and all affiliates cannot exceed 20 percent of each bank’s unimpaired capital and surplus. Dividend payments to the Company by its subsidiary bank are subject to regulatory review and statutory limitations and, in some instances, regulatory approval. In general, dividends by the Company’s bank subsidiary to the parent company are limited by rules which compare dividends to net income for regulatorily-defined periods. Furthermore

Subsequent Events

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	NOTE 26 Subsequent Events The Company has evaluated the impact of events that have occurred subsequent to December 31, 2021 through the date the consolidated financial statements were filed with the United States Securities and Exchange Commission. Based on this evaluation, the Company has determined none of these events were required to be recognized or disclosed in the consolidated

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
Significant Accounting Policies (Policies)	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation
Uses of Estimates	Uses of Estimates
Securities	Securities Realized gains or losses on securities are determined on a trade date basis based on the specific amortized cost of the investments sold. Trading Securities Available-for-sale Held-to-maturity Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase
Equity Investments	Equity Investments Equity investments in entities where the Company has a significant influence (generally between 20 percent and 50 percent ownership), but does not control the entity, are accounted for using the equity method. Investments in limited partnerships and similarly structured limited liability companies where the Company’s ownership interest is greater than 5 percent are accounted for using the equity method. Equity investments not using the equity method are accounted for at fair value with changes in fair value and realized gains or losses reported in noninterest income, unless fair value is not readily determinable, in which case the investment is carried at cost subject to adjustments for any observable market transactions on the same or similar instruments of the investee. Most of the Company’s equity investments do not have readily determinable fair values. All equity investments are evaluated for impairment at least annually and more frequently if certain criteria are met.
Loans	Loans The Company offers a broad array of lending products and categorizes its loan portfolio into two segments, which is the level at which it develops and documents a systematic methodology to determine the allowance for credit losses. The Company’s two loan portfolio segments are commercial lending and consumer lending. The Company further disaggregates its loan portfolio segments into various classes based on their underlying risk characteristics. The two classes within the commercial lending segment are commercial loans and commercial real estate loans. The three classes within the consumer lending segment are residential mortgages, credit card loans and other retail loans. Originated Loans Held for Investment Purchased Loans 2020 are divided into those considered purchased with more than insignificant credit deterioration (“PCD”) and those not considered purchased with more than insignificant credit deterioration. An allowance for credit losses is established for each population and considers product mix, risk characteristics of the portfolio, bankruptcy experience, delinquency status and refreshed loan-to-value Commitments to Extend Credit Allowance for Credit Losses Multiple economic scenarios are considered over a three-year reasonable and supportable forecast period, which includes increasing consideration of historical loss experience over years two and three. These economic scenarios are constructed with interrelated projections of multiple economic variables, and loss estimates are produced that consider the historical correlation of those economic variables with credit losses. After the forecast period, the Company fully reverts to long-term historical loss experience, adjusted for prepayments and characteristics of the current loan and lease portfolio, to estimate losses over the remaining life of the portfolio. The economic scenarios are updated at least quarterly and are designed to provide a range of reasonable estimates, from better to worse than current expectations. Scenarios are weighted based on the Company’s expectation of economic conditions for the foreseeable future and reflect significant judgment and consideration of uncertainties that exist. Final loss estimates also consider factors affecting credit losses not reflected in the scenarios, due to the unique aspects of current conditions and expectations. These factors may include, but are not limited to, loan servicing practices, regulatory guidance, and/or fiscal and monetary policy actions. The allowance recorded for credit losses utilizes forward-looking expected loss models to consider a variety of factors affecting lifetime credit losses. These factors include, but are not limited to, macroeconomic variables such as unemployment rates, real estate prices, gross domestic product levels and corporate bond spreads, as well as loan and borrower characteristics, such as internal risk ratings on commercial loans and consumer credit scores, delinquency status, collateral type and available valuation information, consideration of end-of-term charged-off The allowance recorded for Troubled Debt Restructuring (“TDR”) loans in the consumer lending segment is determined on a homogenous pool basis utilizing expected cash flows discounted using the original effective interest rate of the pool. TDRs generally do not include loan modifications granted to customers resulting directly from the economic effects of the COVID-19 The Company’s methodology for determining the appropriate allowance for credit losses also considers the imprecision inherent in the methodologies used and allocated to the various loan portfolios. As a result, amounts determined under the methodologies described above are adjusted by management to consider the potential impact of other qualitative factors not captured in the quantitative model adjustments which include, but are not limited to, the following: model imprecision, imprecision in economic scenario assumptions, and emerging risks related to either changes in the economic environment that are affecting specific portfolios, or changes in portfolio concentrations over time that may affect model performance. The consideration of these items results in adjustments to allowance amounts included in the Company’s allowance for credit losses for each loan portfolio. The Company also assesses the credit risk associated with off-balance off-balance The results of the analysis are evaluated quarterly to confirm the estimates are appropriate for each specific loan portfolio, as well as the entire loan portfolio, as the entire allowance for credit losses is available for the entire loan portfolio. Prior to January 1, 2020, the allowance for credit losses was established based on an incurred loss model. The allowance recorded for loans in the commercial lending segment was based on the migration analysis of commercial loans and actual loss experience. The allowance recorded for loans in the consumer lending segment Credit Quality For all loan portfolio classes, loans are considered past due based on the number of days delinquent except for monthly amortizing loans which are classified delinquent based upon the number of contractually required payments not made (for example, two missed payments is considered 30 days delinquent). When a loan is placed on nonaccrual status, unpaid accrued interest is reversed, reducing interest income in the current period. Commercial lending segment loans are generally placed on nonaccrual status when the collection of principal and interest has become 90 days past due or is otherwise considered doubtful. Commercial lending segment loans are generally fully charged down if unsecured by collateral Consumer lending segment loans are generally charged-off 1-4 charge-off 1-4 family charged-off. charged-off 1-4 charged-off charged-off charge-off. For all loan classes, interest payments received on nonaccrual loans are generally recorded as a reduction to a loan’s carrying amount while a loan is on nonaccrual and are recognized as interest income upon payoff of the loan. However, interest income may be recognized for interest payments if the remaining carrying amount of the loan is believed to be collectible. In certain circumstances, loans in any class may be restored to accrual status, such as when a loan has demonstrated sustained repayment performance or no amounts are past due and prospects for future payment are no longer in doubt; or when the loan becomes well secured and is in the process of collection. Loans where there has been a partial charge-off may be returned to accrual status if all principal and interest (including amounts previously charged-off) is expected to be collected and the loan is current. The Company classifies its loan portfolio classes using internal credit quality ratings on a quarterly basis. These ratings include pass, special mention and classified, and are an important part of the Company’s overall credit risk management process and evaluation of the allowance for credit losses. Loans with a pass rating represent those loans not classified on the Company’s rating scale for problem credits, as minimal credit risk has been identified. Special mention loans are those loans that have a potential weakness deserving management’s close attention. Classified loans are those loans where a well-defined weakness has been identified that may put full collection of contractual cash flows at risk. It is possible that others, given the same information, may reach different reasonable conclusions regarding the credit quality rating classification of specific loans. Troubled Debt Restructurings The Company has implemented certain restructuring programs that may result in TDRs. However, many of the Company’s TDRs are also determined on a case-by-case For the commercial lending segment, modifications generally result in the Company working with borrowers on a case-by-case Modifications for the consumer lending segment are generally part of programs the Company has initiated. The Company modifies residential mortgage loans under Federal Housing Administration, United States Department of Veterans Affairs, or its own internal programs. Under these programs, the Company offers qualifying homeowners the opportunity to permanently modify their loan and achieve more affordable monthly payments by providing loan concessions. These concessions may include adjustments to interest rates, conversion of adjustable rates to fixed rates, extension of maturity dates or deferrals of payments, capitalization of accrued interest and/or outstanding advances, or in limited situations, partial forgiveness of loan principal. In most instances, participation in residential mortgage loan restructuring programs requires the customer to complete a short-term trial period. A permanent loan modification is contingent on the customer successfully completing the trial period arrangement, and the loan documents are not modified until that time. The Company reports loans in a trial period arrangement as TDRs and continues to report them as TDRs after the trial period. Credit card and other retail loan TDRs are generally part of distinct restructuring programs providing customers experiencing financial difficulty with modifications whereby balances may be amortized up to 60 months, and generally include waiver of fees and reduced interest rates. In addition, the Company considers secured loans to consumer borrowers that have debt discharged through bankruptcy where the borrower has not reaffirmed the debt to be TDRs. Loan modifications or concessions granted to borrowers resulting directly from the effects of the COVID-19 Leases end-of-term Residual values on leased assets are reviewed regularly for impairment. Residual valuations for retail leases are based on independent assessments of expected used automobile sale prices at the end of the lease term. Impairment tests are conducted based on these valuations considering the probability of the lessee returning the asset to the Company, re-marketing end-of-term off-lease The Company, as lessee, leases certain assets for use in its operations. Leased assets primarily include retail branches, operations centers and other corporate locations, and, to a lesser extent, office and computer equipment. For each lease with an original term greater than 12 months, the Company records a lease liability and a corresponding right of use (“ROU”) asset. The Company accounts for the lease and non-lease Certain of the Company’s real estate leases include options to extend. Lease extension options are generally exercisable at market rates. Such option periods do not provide a significant incentive, and their exercise is not reasonably certain. Accordingly, the Company does not generally recognize payments occurring during option periods in the calculation of its ROU assets and lease liabilities. Other Real Estate
Loans Held For Sale	Loans Held For Sale Loans held for sale (“LHFS”) represent mortgage loans intended to be sold in the secondary market and other loans that management has an active plan to sell. LHFS are carried at the lower-of-cost-or-fair Where an election is made to carry the LHFS at fair value, any change in fair value is recognized in noninterest income. Where an election is made to carry LHFS at lower-of-cost-or-fair
Derivative Financial Instruments	Derivative Financial Instruments In the ordinary course of business, the Company enters into derivative transactions to manage various risks and to accommodate the business requirements of its customers. Derivative instruments are reported in other assets or other liabilities at fair value. Changes in a derivative’s fair value are recognized currently in earnings unless specific hedge accounting criteria are met. All derivative instruments that qualify and are designated for hedge accounting are recorded at fair value and classified as either a hedge of the fair value of a recognized asset or liability (“fair value hedge”); a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability (“cash flow hedge”); or a hedge of the volatility of a net investment in foreign operations driven by changes in foreign currency exchange rates (“net investment hedge”). Changes in the fair value of a derivative that is highly effective and designated as a fair value hedge, and the offsetting changes in the fair value of the hedged item, are recorded in earnings. Changes in the fair value of a derivative that is highly effective and designated as a cash flow hedge are recorded in other comprehensive income (loss) until cash flows of the hedged item are realized. Changes in the fair value of net investment hedges that are highly effective are recorded in other comprehensive income (loss). The Company performs an assessment, at inception and, at a minimum, quarterly thereafter, to determine the effectiveness of the derivative in offsetting changes in the value or cash flows of the hedged item(s). If a derivative designated as a cash flow hedge is terminated or ceases to be highly effective, the gain or loss in other comprehensive income (loss) is amortized to earnings over the period the forecasted hedged transactions impact earnings. If a hedged forecasted transaction is no longer probable, hedge accounting is ceased and any gain or loss included in other comprehensive income (loss) is reported in earnings immediately, unless the forecasted transaction is at least reasonably possible of occurring, whereby the amounts remain within other comprehensive income (loss).
Revenue Recognition	Revenue Recognition In the ordinary course of business, the Company recognizes income derived from various revenue generating activities. Certain revenues are generated from contracts where they are recognized when, or as services or products are transferred to customers for amounts the Company expects to be entitled. Revenue generating activities related to financial assets and liabilities are also recognized; including mortgage servicing fees, loan commitment fees, foreign currency remeasurements, and gains and losses on securities, equity investments and unconsolidated subsidiaries. Certain specific policies include the following: Credit and Debit Card Revenue Corporate Payment Products Revenue Merchant Processing Services point-of-sale Trust and Investment Management Fees Deposit Service Charges Treasury Management Fees Commercial Products Revenue non-yield Mortgage Banking Revenue Investment Products Fees Other Noninterest Income
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets at their fair value upon completion of a business acquisition or certain other transactions, and generally represent the value of customer contracts or relationships. Goodwill is not amortized but is subject, at a minimum, to annual tests for impairment at a reporting unit level. In certain situations, an interim impairment test may be required if events occur or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. Other intangible assets are amortized over their estimated useful lives, using straight-line and accelerated methods and are subject to impairment if events or circumstances indicate a possible inability to realize the carrying amount. Determining the amount of goodwill impairment, if any, includes assessing whether the carrying value of a reporting unit exceeds its fair value. Determining the amount of other intangible asset impairment, if any, includes assessing the present value of the estimated future cash flows associated with the intangible asset and comparing it to the carrying amount of the asset.
Income Taxes	Income Taxes
Mortgage Servicing Rights	Mortgage Servicing Rights
Pensions	Pensions year-end Statement of Income, with all other components of periodic pension expense included in other noninterest expense on the Consolidated Statement of Income. Pension accounting reflects the long-term nature of benefit obligations and the investment horizon of plan assets, and can have the effect of reducing earnings volatility related to short-term changes in interest rates and market valuations. Actuarial gains and losses include the impact of plan amendments and various unrecognized gains and losses which are deferred and amortized over the future service periods of active employees or the remaining life expectancies of inactive participants. The market-related value utilized to determine the expected return on plan assets is based on fair value adjusted for the difference between expected returns and actual performance of plan assets. The unrealized difference between actual experience and expected returns is included in expense over a period of approximately 15 years for active employees and approximately 30 years for inactive participants. The overfunded or underfunded status of each plan is recorded as an asset or liability on the Consolidated Balance Sheet, with changes in that status recognized through other comprehensive income (loss).
Premises and Equipment	Premises and Equipment The Company, as lessee, records an ROU asset for each lease with an original term greater than 12 months. ROU assets are included in premises and equipment, with the corresponding lease liabilities included in long-term debt and other liabilities.
Capitalized Software	Capitalized Software internal-use
Stock-Based Compensation	Stock-Based Compensation restrictions are released, the Company may be required to recognize an adjustment to tax expense, depending on the market price of the Company’s common stock at that time.
Per Share Calculations	Per Share Calculations two-class two-class
Accounting Changes	Reference Interest Rate Transition and exceptions in accounting for eligible contract modifications, eligible existing hedging relationships and new hedging relationships available through December 31, 2022. The adoption of this guidance has not had, and is expected to continue to not have, a material impact on the Company’s financial statements.
Accounting for Transfers and Servicing of Financial Assets	In accordance with the accounting guidance for asset transfers, the Company considers any ongoing involvement with transferred assets in determining whether the assets can be derecognized from the balance sheet.For loans sold under participation agreements, the Company also considers whether the terms of the loan participation agreement meet the accounting definition of a participating interest. With the exception of servicing and certain performance-based guarantees, the Company’s continuing involvement with financial assets sold is minimal and generally limited to market customary representation and warranty clauses. Any gain or loss on sale depends on the previous carrying amount of the transferred financial assets, the consideration received, and any liabilities incurred in exchange for the transferred assets. Upon transfer, any servicing assets and other interests that continue to be held by the Company are initially recognized at fair value.
Variable Interest Entities	The Company is not required to consolidate VIEs in which it has concluded it does not have a controlling financial interest, and thus is not the primary beneficiary. In such cases, the Company does not have both the power to direct the entities’ most significant activities and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIEs.The Company’s investments in these unconsolidated VIEs are carried in other assets on the Consolidated Balance Sheet. The Company’s unfunded capital and other commitments related to these unconsolidated VIEs are generally carried in other liabilities on the Consolidated Balance Sheet. The Company’s maximum exposure to loss from these unconsolidated VIEs include the investment recorded on the Company’s Consolidated Balance Sheet, net of unfunded capital commitments, and previously recorded tax credits which remain subject to recapture by taxingauthorities based on compliance features required to be met at the project level. While the Company believes potential losses from these investments are remote, the maximum exposure was determined by assuming a scenario where the community-based business and housing projects completely fail and do not meet certain government compliance requirements resulting in recapture of the related tax credits.The Company is required to consolidate VIEs in which it has concluded it has a controlling financial interest.The majority of the assets of these consolidated VIEs are reported in other assets, and the liabilities are reported in long-term debt and other liabilities. The assets of a particular VIE are the primary source of funds to settle its obligations. The creditors of the VIEs do not have recourse to the general credit of the Company. The Company’s exposure to the consolidated VIEs is generally limited to the carrying value of its variable interests plus any related tax credits previously recognized or transferred to others with a guarantee.
Netting Arrangements for Certain Financial Instruments	The Company’s derivative portfolio consists of bilateral over-the-counter trades, certain interest rate derivatives and credit contracts required to be centrally cleared through clearinghouses per current regulations, and exchange-traded positions which may include U.S. Treasury and Eurodollar futures or options on U.S. Treasury futures.The Company’s derivative contracts typically include offsetting rights (referred to as netting arrangements), and depending on expected volume, credit risk, and counterparty preference, collateral maintenance may be required. For all derivatives under collateral support arrangements, fair value is determined daily and, depending on the collateral maintenance requirements, the Company and a counterparty may receive or deliver collateral, based upon the net fair value of all derivative positions between the Company and the counterparty. Collateral is typically cash, but securities may be allowed under collateral arrangements with certain counterparties. Receivables and payables related to cash collateral are included in other assets and other liabilities on the Consolidated Balance Sheet, along with the related derivative asset and liability fair values. Any securities pledged to counterparties as collateral remain on the Consolidated Balance Sheet. Securities received from counterparties as collateral are not recognized on the Consolidated Balance Sheet, unless the counterparty defaults. In general, securities used as collateral can be sold, repledged or otherwise used by the party in possession. No restrictions exist on the use of cash collateral by either party. Refer to Note 20 for further discussion of the Company’s derivatives, including collateral arrangements.As part of the Company’s treasury and broker-dealer operations, the Company executes transactions that are treated as securities sold under agreements to repurchase or securities purchased under agreements to resell, both of which are accounted for as collateralized financings. Securities sold under agreements to repurchase include repurchase agreements and securities loaned transactions. Securities purchased under agreements to resell include reverse repurchase agreements and securities borrowed transactions. For securities sold under agreements to repurchase, the Company records a liability for the cash received, which is included in short-term borrowings on the Consolidated Balance Sheet. For securities purchased under agreements to resell, the Company records a receivable for the cash paid, which is included in other assets on the Consolidated Balance Sheet. Securities transferred to counterparties under repurchase agreements and securities loaned transactions continue to be recognized on the Consolidated Balance Sheet, are measured at fair value, and are included in investment securities or other assets. Securities received from counterparties under reverse repurchase agreements and securities borrowed transactions are not recognized on the Consolidated Balance Sheet unless the counterparty defaults. The securities transferred under repurchase and reverse repurchase transactions typically are U.S. Treasury and agency securities, residential agency mortgage-backed securities or corporate debt securities. The securities loaned or borrowed typically are corporate debt securities traded by the Company’s broker-dealer subsidiary. In general, the securities transferred can be sold, repledged or otherwise used by the party in possession. No restrictions exist on the use of cash collateral by either party. Repurchase/reverse repurchase and securities loaned/borrowed transactions expose the Company to counterparty risk. The Company manages this risk by performing assessments, independent of business line managers, and establishing concentration limits on each counterparty. Additionally, these transactions include collateral arrangements that require the fair values of the underlying securities to be determined daily, resulting in cash being obtained or refunded to counterparties to maintain specified collateral levels. close-out
Fair Values of Assets and Liabilities	The Company uses fair value measurements for the initial recording of certain assets and liabilities, periodic remeasurement of certain assets and liabilities, and disclosures. Derivatives, trading and available-for-sale lower-of-cost-or-fair Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. A fair value measurement reflects all of the assumptions that market participants would use in pricing the asset or liability, including assumptions about the risk inherent in a particular valuation technique, the effect of a restriction on the sale or use of an asset and the risk of nonperformance. The Company groups its assets and liabilities measured at fair value into a three-level hierarchy for valuation techniques used to measure financial assets and financial liabilities at fair value. This hierarchy is based on whether the valuation inputs are observable or unobservable. These levels are: – Level 1 — Quoted prices in active markets for identical assets or liabilities. Level 1 includes U.S. Treasury securities, as well as exchange-traded instruments. – Level 2 — Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 includes debt securities that are traded less frequently than exchange-traded instruments and which are typically valued using third party pricing services; derivative contracts and other assets and liabilities, including securities, whose value is determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data; and MLHFS whose values are determined using quoted prices for similar assets or pricing models with inputs that are observable in the market or can be corroborated by observable market data. – Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose values are determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. This category includes MSRs and certain derivative contracts.

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
Investment Securities (Tables)	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Investment Securities Available-for-Sale and Held-to-Maturity	The amortized cost, gross unrealized holding gains and losses, and fair value of held-to-maturity available-for-sale 2021 2020 (Dollars in Millions) Amortized Unrealized Unrealized Fair Amortized Unrealized Unrealized Fair Held-to-maturity Residential agency mortgage-backed securities $ 41,858 $ 2 $ (48 ) $ 41,812 $ – $ – $ – $ – Total held-to-maturity $ 41,858 $ 2 $ (48 ) $ 41,812 $ – $ – $ – $ – Available-for-sale U.S. Treasury and agencies $ 36,648 $ 205 $ (244 ) $ 36,609 $ 21,954 $ 462 $ (25 ) $ 22,391 Mortgage-backed securities Residential agency 76,761 665 (347 ) 77,079 98,031 1,950 (13 ) 99,968 Commercial agency 8,633 53 (201 ) 8,485 5,251 170 (15 ) 5,406 Asset-backed securities 62 4 – 66 200 5 – 205 Obligations of state and political subdivisions 10,130 607 (20 ) 10,717 8,166 695 – 8,861 Other 7 – – 7 9 – – 9 Total available-for-sale $ 132,241 $ 1,534 $ (812 ) $ 132,963 $ 133,611 $ 3,282 $ (53 ) $ 136,840
Amount of Interest Income from Taxable and Non-Taxable Investment Securities	The following table provides information about the amount of interest income from taxable and non-taxable Year Ended December 31 (Dollars in Millions) 2021 2020 2019 Taxable $ 2,103 $ 2,201 $ 2,680 Non-taxable 262 227 213 Total interest income from investment securities $ 2,365 $ 2,428 $ 2,893
Amount of Gross Gains and Losses Realized through Sales of Available-for-Sale Investment Securities	The following table provides information about the amount of gross gains and losses realized through the sales of available-for-sale Year Ended December 31 (Dollars in Millions) 2021 2020 2019 Realized gains $ 122 $ 200 $ 99 Realized losses (19 ) (23 ) (26 ) Net realized gains $ 103 $ 177 $ 73 Income tax on net realized gains $ 26 $ 45 $ 18
Gross Unrealized Losses and Fair Value of Company's Investment Securities	The following table shows the gross unrealized losses and fair value of the Company’s available-for-sale Less Than 12 Months 12 Months or Greater Total (Dollars in Millions) Fair Unrealized Fair Unrealized Fair Unrealized U.S. Treasury and agencies $ 11,445 $ (100 ) $ 2,879 $ (144 ) $ 14,324 $ (244 ) Residential agency mortgage-backed securities 39,720 (342 ) 263 (5 ) 39,983 (347 ) Commercial agency mortgage-backed securities 4,463 (104 ) 1,764 (97 ) 6,227 (201 ) Asset-backed securities – – 2 – 2 – Obligations of state and political subdivisions 1,500 (20 ) – – 1,500 (20 ) Other 6 – – – 6 – Total investment securities $ 57,134 $ (566 ) $ 4,908 $ (246 ) $ 62,042 $ (812 )
Investment Securities	The following table provides information about the amortized cost, fair value and yield by maturity date of the investment securities outstanding at December 31, 2021: (Dollars in Millions) Amortized Fair Value Weighted- Weighted- (e) Held-to-maturity Mortgage-Backed Securities (a) Maturing in one year or less $ – $ – – – % Maturing after one year through five years 2 2 4.8 1.69 Maturing after five years through ten years 41,856 41,810 7.4 1.45 Maturing after ten years – – – – Total $ 41,858 $ 41,812 7.4 1.45 % Total held-to-maturity $ 41,858 $ 41,812 7.4 1.45 % Available-for-sale U.S. Treasury and Agencies Maturing in one year or less $ 2,724 $ 2,744 .6 1.91 % Maturing after one year through five years 8,400 8,483 2.9 1.52 Maturing after five years through ten years 22,469 22,378 8.1 1.44 Maturing after ten years 3,055 3,004 12.0 1.99 Total $ 36,648 $ 36,609 6.7 1.54 % Mortgage-Backed Securities (a) Maturing in one year or less $ 104 $ 104 .7 2.02 % Maturing after one year through five years 42,711 43,267 3.6 1.47 Maturing after five years through ten years 42,560 42,174 6.3 1.70 Maturing after ten years 19 19 12.4 1.24 Total $ 85,394 $ 85,564 4.9 1.58 % Asset-Backed Securities (a) Maturing in one year or less $ – $ – .5 2.69 % Maturing after one year through five years 3 4 2.6 1.62 Maturing after five years through ten years 59 61 5.3 1.52 Maturing after ten years – 1 12.9 2.41 Total $ 62 $ 66 5.2 1.53 % Obligations of State and Political Subdivisions (b) (c) Maturing in one year or less $ 393 $ 398 .5 4.30 % Maturing after one year through five years 2,954 3,178 4.1 4.25 Maturing after five years through ten years 6,217 6,579 7.2 3.45 Maturing after ten years 566 562 17.7 2.58 Total $ 10,130 $ 10,717 6.6 3.67 % Other Maturing in one year or less $ – $ – – – % Maturing after one year through five years 7 7 3.4 2.07 Maturing after five years through ten years – – – – Maturing after ten years – – – – Total $ 7 $ 7 3.4 2.07 % Total available-for-sale (d) $ 132,241 $ 132,963 5.5 1.73 % (a) Information related to asset and mortgage-backed securities included above is presented based upon weighted-average maturities that take into account anticipated future prepayments. (b) Information related to obligations of state and political subdivisions is presented based upon yield to first optional call date if the security is purchased at a premium, and yield to maturity if the security is purchased at par or a discount. (c) Maturity calculations for obligations of state and political subdivisions are based on the first optional call date for securities with a fair value above par and the contractual maturity date for securities with a fair value equal to or below par. (d) The weighted-average maturity of total available-for-sale (e) Weighted-average yields for obligations of state and political subdivisions are presented on a fully-taxable equivalent basis based on a federal income tax rate of 21 percent. Yields on investment securities are computed based on amortized cost balances, excluding any premiums or discounts recorded related to the transfer of investment securities at fair value from available-for-sale held-to-maturity.

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	12 Months Ended
Loans and Allowance for Credit Losses (Tables)	Dec. 31, 2021
Receivables [Abstract]
Composition of Loan Portfolio	The composition of the loan portfolio at December 31, disaggregated by class and underlying specific portfolio type, was as follows: (Dollars in Millions) 2021 2020 Commercial Commercial $ 106,912 $ 97,315 Lease financing 5,111 5,556 Total commercial 112,023 102,871 Commercial Real Estate Commercial mortgages 28,757 28,472 Construction and development 10,296 10,839 Total commercial real estate 39,053 39,311 Residential Mortgages Residential mortgages 67,546 66,525 Home equity loans, first liens 8,947 9,630 Total residential mortgages 76,493 76,155 Credit Card 22,500 22,346 Other Retail Retail leasing 7,256 8,150 Home equity and second mortgages 10,446 12,472 Revolving credit 2,750 2,688 Installment 16,514 13,823 Automobile 24,866 19,722 Student 127 169 Total other retail 61,959 57,024 Total loans $ 312,028 $ 297,707
Activity in Allowance for Credit Losses by Portfolio Class	Activity in the allowance for credit losses by portfolio class was as follows: (Dollars in Millions) Commercial Commercial Residential Credit Other Total Balance at December 31, 2020 $ 2,423 $ 1,544 $ 573 $ 2,355 $ 1,115 $ 8,010 Add Provision for credit losses (471 ) (419 ) (40 ) (170 ) (73 ) (1,173 ) Deduct Loans charged-off 222 29 18 686 253 1,208 Less recoveries of loans charged-off (119 ) (27 ) (50 ) (174 ) (156 ) (526 ) Net loan charge-offs (recoveries) 103 2 (32 ) 512 97 682 Balance at December 31, 2021 $ 1,849 $ 1,123 $ 565 $ 1,673 $ 945 $ 6,155 Balance at December 31, 2019 $ 1,484 $ 799 $ 433 $ 1,128 $ 647 $ 4,491 Add Change in accounting principle (a) 378 (122 ) (30 ) 872 401 1,499 Provision for credit losses 1,074 1,054 158 1,184 336 3,806 Deduct Loans charged-off 575 210 19 975 401 2,180 Less recoveries of loans charged-off (62 ) (23 ) (31 ) (146 ) (132 ) (394 ) Net loan charge-offs (recoveries) 513 187 (12 ) 829 269 1,786 Balance at December 31, 2020 $ 2,423 $ 1,544 $ 573 $ 2,355 $ 1,115 $ 8,010 Balance at December 31, 2018 $ 1,454 $ 800 $ 455 $ 1,102 $ 630 $ 4,441 Add Provision for credit losses 315 13 (19 ) 919 276 1,504 Deduct Loans charged-off 399 21 34 1,028 385 1,867 Less recoveries of loans charged-off (114 ) (7 ) (31 ) (135 ) (126 ) (413 ) Net loan charge-offs (recoveries) 285 14 3 893 259 1,454 Balance at December 31, 2019 $ 1,484 $ 799 $ 433 $ 1,128 $ 647 $ 4,491 (a) Effective January 1, 2020, the Company adopted accounting guidance which changed impairment recognition of financial instruments to a model that is based on expected losses rather than incurred losses.
Summary of Loans by Portfolio Class, Including Delinquency Status of those that Continue to Accrue Interest and are Nonperforming	The following table provides a summary of loans by portfolio class, including the delinquency status of those that continue to accrue interest, and those that are nonperforming: Accruing (Dollars in Millions) Current 30-89 Days 90 Days or Nonperforming (b) Total December 31, 2021 Commercial $ 111,270 $ 530 $ 49 $ 174 $ 112,023 Commercial real estate 38,678 80 11 284 39,053 Residential mortgages (a) 75,962 124 181 226 76,493 Credit card 22,142 193 165 – 22,500 Other retail 61,468 275 66 150 61,959 Total loans $ 309,520 $ 1,202 $ 472 $ 834 $ 312,028 December 31, 2020 Commercial $ 102,127 $ 314 $ 55 $ 375 $ 102,871 Commercial real estate 38,676 183 2 450 39,311 Residential mortgages (a) 75,529 244 137 245 76,155 Credit card 21,918 231 197 – 22,346 Other retail 56,466 318 86 154 57,024 Total loans $ 294,716 $ 1,290 $ 477 $ 1,224 $ 297,707 (a) At December 31, 2021, $791 million of loans 30–89 days past due and $1.5 billion of loans 90 days or more past due purchased from Government National Mortgage Association (“GNMA”) mortgage pools whose repayments are insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs, were classified as current, compared with $1.4 billion and $1.8 billion at December 31, 2020, respectively. (b) Substantially all nonperforming loans at December 31, 2021 and 2020, had an associated allowance for credit losses. The Company recognized interest income on nonperforming loans of $16 million and $23 million for the years ended December 31, 2021 and 2020, respectively, compared to what would have been recognized at the original contractual terms of the loans of $34 million and $45 million, respectively.
Summary of Loans by Portfolio Class and Company's Internal Credit Quality Rating	The following table provides a summary of loans by portfolio class and the Company’s internal credit quality rating: December 31, 2021 December 31, 2020 Criticized Criticized (Dollars in Millions) Pass Special Classified (a) Total Total Pass Special Classified (a) Total Total Commercial Originated in 2021 $ 51,155 $ 387 $ 287 $ 674 $ 51,829 $ – $ – $ – $ – $ – Originated in 2020 14,091 304 133 437 14,528 34,557 1,335 1,753 3,088 37,645 Originated in 2019 10,159 151 54 205 10,364 17,867 269 349 618 18,485 Originated in 2018 5,122 3 36 39 5,161 12,349 351 176 527 12,876 Originated in 2017 2,149 2 38 40 2,189 5,257 117 270 387 5,644 Originated prior to 2017 2,774 28 43 71 2,845 4,954 128 115 243 5,197 Revolving 24,722 268 117 385 25,107 22,445 299 280 579 23,024 Total commercial 110,172 1,143 708 1,851 112,023 97,429 2,499 2,943 5,442 102,871 Commercial real estate Originated in 2021 13,364 6 990 996 14,360 – – – – – Originated in 2020 7,459 198 263 461 7,920 9,446 461 1,137 1,598 11,044 Originated in 2019 6,368 251 610 861 7,229 9,514 454 1,005 1,459 10,973 Originated in 2018 2,996 29 229 258 3,254 6,053 411 639 1,050 7,103 Originated in 2017 1,662 38 113 151 1,813 2,650 198 340 538 3,188 Originated prior to 2017 2,811 17 111 128 2,939 4,762 240 309 549 5,311 Revolving 1,494 1 43 44 1,538 1,445 9 238 247 1,692 Total commercial real estate 36,154 540 2,359 2,899 39,053 33,870 1,773 3,668 5,441 39,311 Residential mortgages (b) Originated in 2021 29,882 – 3 3 29,885 – – – – – Originated in 2020 15,948 1 8 9 15,957 23,262 1 3 4 23,266 Originated in 2019 6,938 – 36 36 6,974 13,969 1 17 18 13,987 Originated in 2018 2,889 – 30 30 2,919 5,670 1 22 23 5,693 Originated in 2017 3,796 – 30 30 3,826 6,918 1 24 25 6,943 Originated prior to 2017 16,619 – 312 312 16,931 25,921 2 342 344 26,265 Revolving 1 – – – 1 1 – – – 1 Total residential mortgages 76,073 1 419 420 76,493 75,741 6 408 414 76,155 Credit card (c) 22,335 – 165 165 22,500 22,149 – 197 197 22,346 Other retail Originated in 2021 22,455 – 6 6 22,461 – – – – – Originated in 2020 12,071 – 9 9 12,080 17,589 – 7 7 17,596 Originated in 2019 7,223 – 17 17 7,240 11,605 – 23 23 11,628 Originated in 2018 3,285 – 14 14 3,299 6,814 – 27 27 6,841 Originated in 2017 1,726 – 9 9 1,735 3,879 – 22 22 3,901 Originated prior to 2017 1,973 – 15 15 1,988 3,731 – 29 29 3,760 Revolving 12,532 – 112 112 12,644 12,647 – 110 110 12,757 Revolving converted to term 472 – 40 40 512 503 – 38 38 541 Total other retail 61,737 – 222 222 61,959 56,768 – 256 256 57,024 Total loans $ 306,471 $ 1,684 $ 3,873 $ 5,557 $ 312,028 $ 285,957 $ 4,278 $ 7,472 $ 11,750 $ 297,707 Total outstanding commitments $ 662,363 $ 3,372 $ 5,684 $ 9,056 $ 671,419 $ 627,606 $ 8,772 $ 9,374 $ 18,146 $ 645,752 Note: Year of origination is based on the origination date of a loan, or for existing loans the date when the maturity date, pricing or commitment amount is amended. (a) Classified rating on consumer loans primarily based on delinquency status. (b) At December 31, 2021, $1.5 billion of GNMA loans 90 days or more past due and $1.1 billion of restructured GNMA loans whose repayments are insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs were classified with a pass rating, compared with $1.8 billion and $1.4 billion at December 31, 2020, respectively. (c) All credit card loans are considered revolving loans.
Summary of Loans Modified as TDRs	The following table provides a summary of loans modified as TDRs for the years ended December 31, by portfolio class: (Dollars in Millions) Number Pre-Modification Post-Modification 2021 Commercial 2,156 $ 140 $ 127 Commercial real estate 112 193 179 Residential mortgages 977 329 328 Credit card 25,297 144 146 Other retail 2,576 74 67 Total loans, excluding loans purchased from GNMA mortgage pools 31,118 880 847 Loans purchased from GNMA mortgage pools 2,311 334 346 Total loans 33,429 $ 1,214 $ 1,193 2020 Commercial 3,423 $ 628 $ 493 Commercial real estate 149 262 218 Residential mortgages 1,176 402 401 Credit card 23,549 135 136 Other retail 4,027 117 114 Total loans, excluding loans purchased from GNMA mortgage pools 32,324 1,544 1,362 Loans purchased from GNMA mortgage pools 4,630 667 659 Total loans 36,954 $ 2,211 $ 2,021 2019 Commercial 3,445 $ 376 $ 359 Commercial real estate 136 129 125 Residential mortgages 417 55 54 Credit card 34,247 185 186 Other retail 2,952 63 61 Total loans, excluding loans purchased from GNMA mortgage pools 41,197 808 785 Loans purchased from GNMA mortgage pools 6,257 856 827 Total loans 47,454 $ 1,664 $ 1,612
Summary of Loans Modified as TDRs in the Past Twelve Months that have Subsequently Defaulted	The following table provides a summary of TDR loans that defaulted (fully or partially charged-off (Dollars in Millions) Number Amount 2021 Commercial 1,084 $ 32 Commercial real estate 16 7 Residential mortgages 81 9 Credit card 7,700 43 Other retail 714 11 Total loans, excluding loans purchased from GNMA mortgage pools 9,595 102 Loans purchased from GNMA mortgage pools 176 26 Total loans 9,771 $ 128 2020 Commercial 1,148 $ 80 Commercial real estate 50 30 Residential mortgages 38 5 Credit card 6,688 35 Other retail 307 4 Total loans, excluding loans purchased from GNMA mortgage pools 8,231 154 Loans purchased from GNMA mortgage pools 498 66 Total loans 8,729 $ 220 2019 Commercial 1,040 $ 46 Commercial real estate 36 24 Residential mortgages 137 15 Credit card 8,273 40 Other retail 380 10 Total loans, excluding loans purchased from GNMA mortgage pools 9,866 135 Loans purchased from GNMA mortgage pools 997 131 Total loans 10,863 $ 266

Leases (Tables)

Leases (Tables)	12 Months Ended
Leases (Tables)	Dec. 31, 2021
Text Block [Abstract]
Components of Net Investment in Sales-Type and Direct Financing Leases	The components of the net investment in sales-type and direct financing leases, at December 31, were as follows: (Dollars in Millions) 2021 2020 Lease receivables $ 10,738 $ 11,890 Unguaranteed residual values accruing to the lessor’s benefit 1,610 1,787 Total net investment in sales-type and direct financing leases $ 12,348 $ 13,677
Contractual Future Lease Payments to be Received	The contractual future lease payments to be received by the Company, at December 31, 2021, were as follows: (Dollars in Millions) Sales-type and Operating leases 2022 $ 3,926 $ 136 2023 3,293 104 2024 2,402 68 2025 963 44 2026 281 15 Thereafter 540 8 Total lease payments 11,405 $ 375 Amounts representing interest (667 ) Lease receivables $ 10,738
Summary of Amounts Relevant to Company's Assets Leased for Use in its Operations	The following table presents amounts relevant to the Company’s assets leased for use in its operations for the years ended December 31: (Dollars in Millions) 2021 2020 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 288 $ 305 $ 302 Operating cash flows from finance leases 5 6 7 Financing cash flows from finance leases 12 12 10 Right of use assets obtained in exchange for new operating lease liabilities 164 128 134 Right of use assets obtained in exchange for new finance lease liabilities 75 6 10
Summary of Weighted-Average Remaining Lease Terms and Discount Rates	The following table presents the weighted-average remaining lease terms and discount rates of the Company’s assets leased for use in its operations at 2021 2020 Weighted-average remaining lease term of operating leases (in years) 7.0 7.0 Weighted-average remaining lease term of finance leases (in years) 9.5 9.6 Weighted-average discount rate of operating leases 2.7 % 3.0 % Weighted-average discount rate of finance leases 9.3 % 12.5 %
Schedule of Contractual Future Lease Obligations	The contractual future lease obligations of the Company at December 31, 2021, were as follows: (Dollars in Millions) Operating Finance 2022 $ 278 $ 27 2023 240 27 2024 194 24 2025 145 16 2026 105 10 Thereafter 329 32 Total lease payments 1,291 136 Amounts representing interest (121 ) (23 ) Lease liabilities $ 1,170 $ 113

Accounting for Transfers and _2

Accounting for Transfers and Servicing of Financial Assets and Variable Interest Entities (Tables)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Summary of Investments in Community Development and Tax-advantaged VIEs	The following table provides a summary of investments in community development and tax-advantaged At December 31 (Dollars in Millions) 2021 2020 Investment carrying amount $ 4,484 $ 5,378 Unfunded capital and other commitments 1,890 2,334 Maximum exposure to loss 9,899 11,219

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
Premises and Equipment (Tables)	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Premises and Equipment	Premises and equipment at December 31 consisted of the following: (Dollars in Millions) 2021 2020 Land $ 445 $ 487 Buildings and improvements 3,161 3,519 Furniture, fixtures and equipment 3,438 3,439 Right of use assets on operating leases 1,014 1,038 Right of use assets on finance leases 172 110 Construction in progress 23 25 8,253 8,618 Less accumulated depreciation and amortization (4,948 ) (5,150 ) Total $ 3,305 $ 3,468

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	12 Months Ended
Mortgage Servicing Rights (Tables)	Dec. 31, 2021
Text Block [Abstract]
Changes in Fair Value of Capitalized MSRs	Changes in fair value of capitalized MSRs are summarized as follows: (Dollars in Millions) 2021 2020 2019 Balance at beginning of period $ 2,210 $ 2,546 $ 2,791 Rights purchased 42 34 20 Rights capitalized 1,136 1,030 559 Rights sold (a) 2 3 5 Changes in fair value of MSRs Due to fluctuations in market interest rates (b) 272 (719 ) (390 ) Due to revised assumptions or models (c) (196 ) (12 ) 23 Other changes in fair value (d) (513 ) (672 ) (462 ) Balance at end of period $ 2,953 $ 2,210 $ 2,546 (a) MSRs sold include those having a negative fair value, resulting from the loans being severely delinquent. (b) Includes changes in MSR value associated with changes in market interest rates, including estimated prepayment rates and anticipated earnings on escrow deposits. (c) Includes changes in MSR value not caused by changes in market interest rates, such as changes in assumed cost to service, ancillary income and option adjusted spread, as well as the impact of any model changes. (d) Primarily the change in MSR value from passage of time and cash flows realized (decay), but also includes the impact of changes to expected cash flows not associated with changes in market interest rates, such as the impact of delinquencies.
Sensitivity to Changes in Interest Rates of the Fair Value of MSR Portfolio and Related Derivative Instruments	The estimated sensitivity to changes in interest rates of the fair value of the MSR portfolio and the related derivative instruments was as follows: 2021 2020 (Dollars in Millions) Down Down Down Up Up Up Down Down Down Up Up Up MSR portfolio $ (636 ) $ (324 ) $ (160 ) $ 150 $ 287 $ 511 $ (442 ) $ (271 ) $ (150 ) $ 169 $ 343 $ 671 Derivative instrument hedges 614 309 152 (142) (278) (536) 523 281 145 (149) (304) (625) Net sensitivity $ (22) $ (15) $ (8) $ 8 $ 9 $ (25) $ 81 $ 10 $ (5) $ 20 $ 39 $ 46
MSRs and Related Characteristics by Portfolio	A summary of the Company’s MSRs and related characteristics by portfolio as of December 31 was as follows: 2021 2020 (Dollars in Millions) HFA Government Conventional (d) Total HFA Government Conventional (d) Total Servicing portfolio (a) $ 40,652 $ 21,919 $ 156,382 $ 218,953 $ 40,396 $ 25,474 $ 143,085 $ 208,955 Fair value $ 527 $ 308 $ 2,118 $ 2,953 $ 406 $ 261 $ 1,543 $ 2,210 Value (bps) (b) 130 141 135 135 101 102 108 106 Weighted-average servicing fees (bps) 36 41 30 32 35 40 30 32 Multiple (value/servicing fees) 3.63 3.43 4.50 4.18 2.87 2.56 3.55 3.26 Weighted-average note rate 4.07 % 3.70 % 3.41 % 3.56 % 4.43 % 3.91 % 3.78 % 3.92 % Weighted-average age (in years) 3.8 5.9 3.3 3.7 3.8 5.6 4.2 4.3 Weighted-average expected prepayment (constant prepayment rate) 11.5 % 13.2 % 9.6 % 10.3 % 14.1 % 18.0 % 13.8 % 14.4 % Weighted-average expected life (in years) 6.5 5.6 6.9 6.7 5.6 4.3 5.5 5.4 Weighted-average option adjusted spread (c) 7.3 % 7.3 % 6.3 % 6.6 % 7.7 % 7.3 % 6.2 % 6.6 % (a) Represents principal balance of mortgages having corresponding MSR asset. (b) Calculated as fair value divided by the servicing portfolio. (c) Option adjusted spread is the incremental spread added to the risk-free rate to reflect optionality and other risk inherent in the MSRs. (d) Represents loans sold primarily to GSEs.

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
Intangible Assets (Tables)	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible assets consisted of the following: At December 31 (Dollars in Millions) 2021 2020 Goodwill $ 10,262 $ 9,918 Merchant processing contracts 195 235 Core deposit benefits 49 64 Mortgage servicing rights 2,953 2,210 Trust relationships 62 19 Other identified intangibles 479 336 Total $ 14,000 $ 12,782
Aggregate Amortization Expense	Aggregate amortization expense consisted of the following: Year Ended December 31 (Dollars in Millions) 2021 2020 2019 Merchant processing contracts $ 45 $ 49 $ 45 Core deposit benefits 15 18 22 Trust relationships 10 9 10 Other identified intangibles 89 100 91 Total $ 159 $ 176 $ 168
Estimated Amortization Expense	The estimated amortization expense for the next five years is as follows: (Dollars in Millions) 2022 $ 154 2023 111 2024 89 2025 63 2026 50
Changes in Carrying Value of Goodwill	The following table reflects the changes in the carrying value of goodwill for the years ended December 31, 2021, 2020 and 2019: (Dollars in Millions) Corporate and Consumer and Banking Wealth Management and Payment Treasury and Consolidated Balance at December 31, 2018 $ 1,647 $ 3,475 $ 1,618 $ 2,629 $ — $ 9,369 Goodwill acquired — — — 285 — 285 Foreign exchange translation and other — — (1 ) 2 — 1 Balance at December 31, 2019 $ 1,647 $ 3,475 $ 1,617 $ 2,916 $ — $ 9,655 Goodwill acquired — — — 180 — 180 Foreign exchange translation and other — — 2 81 — 83 Balance at December 31, 2020 $ 1,647 $ 3,475 $ 1,619 $ 3,177 $ — $ 9,918 Goodwill acquired — 35 144 192 — 371 Foreign exchange translation and other 265 (265 ) (2 ) (25 ) — (27 ) Balance at December 31, 2021 $ 1,912 $ 3,245 $ 1,761 $ 3,344 $ — $ 10,262

Deposits (Tables)

Deposits (Tables)	12 Months Ended
Deposits (Tables)	Dec. 31, 2021
Banking and Thrift, Interest [Abstract]
Composition of Deposits	The composition of deposits at December 31 was as follows: (Dollars in Millions) 2021 2020 Noninterest-bearing deposits $ 134,901 $ 118,089 Interest-bearing deposits Interest checking 115,108 95,894 Money market savings 117,619 128,058 Savings accounts 65,790 57,035 Time deposits 22,665 30,694 Total interest-bearing deposits 321,182 311,681 Total deposits $ 456,083 $ 429,770
Maturities of Time Deposits Outstanding	The maturities of time deposits outstanding at December 31, 2021 were as follows: (Dollars in Millions) 2022 $ 17,637 2023 2,298 2024 1,640 2025 655 2026 434 Thereafter 1 Total $ 22,665

Short-Term Borrowings (Tables)

Short-Term Borrowings (Tables)	12 Months Ended
Short-Term Borrowings (Tables)	Dec. 31, 2021
Debt Disclosure [Abstract]
Summary of Short-Term Borrowings	Short-term borrowings at December 31 consisted of the following: (Dollars in Millions) 2021 2020 Federal funds purchased $ 628 $ 777 Securities sold under agreements to repurchase 1,575 1,430 Commercial paper 6,026 6,007 Other short-term borrowings 3,567 3,552 Total $ 11,796 $ 11,766

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
Long-Term Debt (Tables)	Dec. 31, 2021
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 Rate (a) Maturity Date 2021 2020 U.S. Bancorp (Parent Company) Subordinated notes Fixed 2.950 % 202 $ 1,300 $ 1,300 Fixed 3.600 % 202 1,000 1,000 Fixed 7.500 % 202 199 199 Fixed 3.100 % 202 1,000 1,000 Fixed 3.000 % 202 1,000 1,000 Fixed 2.491 % 203 1,300 – Medium-term notes Fixed .850% - 3.950 % 2022 203 12,631 15,492 Floating .855 % 202 1 – 250 Other (b) 472 683 Subtotal 18,902 20,924 Subsidiaries Federal Home Loan Bank advances Fixed 6.440% - 8.250 % 2023 202 2 1,003 Floating (d) .384% - .710 % 2022 202 3,272 3,272 Bank notes Fixed 1.950% - 3.400 % 2022 202 5,700 9,100 Floating (d) – % - .604 % 2022 205 3,337 5,888 Other (c) 912 1,110 Subtotal 13,223 20,373 Total $ 32,125 $ 41,297 (a) Weighted-average interest rates of medium-term notes, Federal Home Loan Bank advances and bank notes were 2.51 percent, .65 percent and 1.80 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 (d) Includes $3.3 billion of Federal Home Loan Bank advances and $2.3 billion of bank notes, whose interest is calculated by reference to LIBOR. The outstanding debt contains fallback provisions in the event that LIBOR is no longer published or quoted, but these fallback provisions have not yet been utilized.
Maturities of Long-term Debt Outstanding	Maturities of long-term debt outstanding at December 31, 2021, were: (Dollars in Millions) Parent Consolidated 2022 $ 2,311 $ 4,834 2023 – 3,847 2024 5,740 5,768 2025 2,240 5,804 2026 2,685 4,200 Thereafter 5,926 7,672 Total $ 18,902 $ 32,125

Shareholder' Equity (Tables)

Shareholder' Equity (Tables)	12 Months Ended
Shareholder' Equity (Tables)	Dec. 31, 2021
Federal Home Loan Banks [Abstract]
Number of Shares Issued and Outstanding and Carrying Amount of Preferred Stock	The number of shares issued and outstanding and the carrying amount of each outstanding series of the Company’s preferred stock were as follows: 2021 2020 At December 31 (Dollars in Millions) Shares Liquidation Discount Carrying Shares Liquidation Discount Carrying Series A 12,510 $ 1,251 $ 145 $ 1,106 12,510 $ 1,251 $ 145 $ 1,106 Series B 40,000 1,000 – 1,000 40,000 1,000 — 1,000 Series F – – – – 44,000 1,100 12 1,088 Series I – – – – 30,000 750 5 745 Series J 40,000 1,000 7 993 40,000 1,000 7 993 Series K 23,000 575 10 565 23,000 575 10 565 Series L 20,000 500 14 486 20,000 500 14 486 Series M 30,000 750 21 729 – – – – Series N 60,000 1,500 8 1,492 – – – – Total preferred stock (a) 225,510 $ 6,576 $ 205 $ 6,371 209,510 $ 6,176 $ 193 $ 5,983 (a) The par value of all shares issued and outstanding at December 31, 2021 and 2020, was $1.00 per share.
Common Stock Repurchased	The following table summarizes the Company’s common stock repurchased in each of the last three years: (Dollars and Shares in Millions) Shares Value 2021 28 $ 1,556 2020 31 1,661 2019 81 4,515
Reconciliation of Transactions Affecting Accumulated Other Comprehensive Income (Loss) Included in Shareholders' Equity	The reconciliation of the transactions affecting accumulated other comprehensive income (loss) included in shareholders’ equity for the years ended December 31, is as follows: (Dollars in Millions) Unrealized Gains Available-For-Sale Unrealized Gains From Available-For-Sale Held-To-Maturity Unrealized Gains Unrealized Gains Foreign Currency Total 2021 Balance at beginning of period $ 2,417 $ – $ (189) $ (1,842) $ (64) $ 322 Changes in unrealized gains (losses) (3,698) – 125 400 – (3,173) Transfer of securities from available-for-sale held-to-maturity 1,289 (1,289) – – – – Foreign currency translation adjustment (a) – – – – 35 35 Reclassification to earnings of realized (gains) losses (103) 36 14 157 – 104 Applicable income taxes 635 318 (35) (141) (8) 769 Balance at end of period $ 540 $ (935) $ (85) $ (1,426) $ (37) $ (1,943) 2020 Balance at beginning of period $ 379 $ – $ (51) $ (1,636) $ (65) $ (1,373) Changes in unrealized gains (losses) 2,905 – (194) (401) – 2,310 Foreign currency translation adjustment (a) – – – – 2 2 Reclassification to earnings of realized (gains) losses (177) – 10 125 – (42) Applicable income taxes (690) – 46 70 (1) (575) Balance at end of period $ 2,417 $ – $ (189) $ (1,842) $ (64) $ 322 2019 Balance at beginning of period $ (946) $ 14 $ 112 $ (1,418) $ (84) $ (2,322) Changes in unrealized gains (losses) 1,693 – (229) (380) – 1,084 Unrealized gains (losses) on held-to-maturity available-for-sale 150 (9) – – – 141 Foreign currency translation adjustment (a) – – – – 26 26 Reclassification to earnings of realized (gains) losses (73) (7) 11 89 – 20 Applicable income taxes (445) 2 55 73 (7) (322) Balance at end of period $ 379 $ – $ (51) $ (1,636) $ (65) $ (1,373) (a) Represents the impact of changes in foreign currency exchange rates on the Company’s investment in foreign operations and related hedges.
Impact to Net Income for Items Reclassified out of Accumulated Other Comprehensive Income and into Earnings	Additional detail about the impact to net income for items reclassified out of accumulated other comprehensive income (loss) and into earnings for the years ended December 31, is as follows: Impact to Net Income Affected Line Item in the Consolidated Statement of Income (Dollars in Millions) 2021 2020 2019 Unrealized gains (losses) on investment securities available-for-sale Realized gains (losses) on sale of investment securities $ 103 $ 177 $ 73 Securities gains (losses), net (26 ) (45 ) (18 ) Applicable income taxes 77 132 55 Net-of-tax Unrealized gains (losses) on investment securities transferred from available-for-sale held-to-maturity Amortization of unrealized gains (36 ) – 7 Interest income 9 – (2 ) Applicable income taxes (27 ) – 5 Net-of-tax Unrealized gains (losses) on derivative hedges Realized gains (losses) on derivative hedges (14 ) (10 ) (11 ) Interest expense 4 3 3 Applicable income taxes (10 ) (7 ) (8 ) Net-of-tax Unrealized gains (losses) on retirement plans Actuarial gains (losses) and prior service cost (credit) amortization (157 ) (125 ) (89 ) Other noninterest expense 40 32 22 Applicable income taxes (117 ) (93 ) (67 ) Net-of-tax Total impact to net income $ (77 ) $ 32 $ (15 )
Components of regulatory capital and summary of regulatory capital requirements and ratios	The following table provides a summary of the regulatory capital requirements in effect, along with the actual components and ratios for the Company and its bank subsidiary, at December 31, 2021 and 2020: U.S. Bancorp U.S. Bank National Association (Dollars in Millions) 2021 2020 2021 2020 Basel III standardized approach: Common shareholders’ equity $ 48,547 $ 47,112 $ 51,465 $ 52,589 Less intangible assets Goodwill (net of deferred tax liability) (9,323 ) (9,014 ) (9,209 ) (9,034 ) Other disallowed intangible assets (785 ) (654 ) (754 ) (654 ) Other (a) 3,262 601 3,498 1,254 Total common equity tier 1 capital 41,701 38,045 45,000 44,155 Qualifying preferred stock 6,371 5,983 — — Noncontrolling interests eligible for tier 1 capital 450 451 450 451 Other (b) (6 ) (5 ) (6 ) (6 ) Total tier 1 capital 48,516 44,474 45,444 44,600 Eligible portion of allowance for credit losses 4,081 4,905 4,081 4,850 Subordinated debt and noncontrolling interests eligible for tier 2 capital 3,653 3,223 3,600 3,517 Total tier 2 capital 7,734 8,128 7,681 8,367 Total risk-based capital $ 56,250 $ 52,602 $ 53,125 $ 52,967 Risk-weighted assets $ 418,571 $ 393,648 $ 412,979 $ 387,388 Common equity tier 1 capital as a percent of risk-weighted assets 10.0 % 9.7 % 10.9 % 11.4 % Tier 1 capital as a percent of risk-weighted assets 11.6 11.3 11.0 11.5 Total risk-based capital as a percent of risk-weighted assets 13.4 13.4 12.9 13.7 Tier 1 capital as a percent of adjusted quarterly average assets (leverage ratio) 8.6 8.3 8.2 8.4 Tier 1 capital as a percent of total on- off-balance 6.9 7.3 6.6 6.8 Minimum (c) Well- Capitalized Bank Regulatory Capital Requirements Common equity tier 1 capital as a percent of risk-weighted assets 7.0 % 6.5 % (d) Tier 1 capital as a percent of risk-weighted assets 8.5 8.0 Total risk-based capital as a percent of risk-weighted assets 10.5 10.0 Tier 1 capital as a percent of adjusted quarterly average assets (leverage ratio) 4.0 5.0 (d) Tier 1 capital as a percent of total on- off-balance 3.0 3.0 (a) Includes the impact of items included in other comprehensive income (loss), such as unrealized gains (losses) on available-for-sale (b) Includes the remaining portion of deferred tax assets not eligible for total tier 1 capital. (c) The minimum common equity tier 1 capital, tier 1 capital and total risk-based capital ratio requirements reflect a stress capital buffer requirement of 2.5 percent. Banks and financial services holding companies must maintain minimum capital levels, including a stress capital buffer requirement, to avoid limitations on capital distributions and certain discretionary compensation payments. (d) A minimum well-capitalized threshold does not apply to U.S. Bancorp for this ratio as it is not formally defined under applicable banking regulations for bank holding companies.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
Earnings Per Share (Tables)	Dec. 31, 2021
Earnings Per Share [Abstract]
Components of Earnings Per Share	The components of earnings per share were: Year Ended December 31 (Dollars and Shares in Millions, Except Per Share Data) 2021 2020 2019 Net income attributable to U.S. Bancorp $ 7,963 $ 4,959 $ 6,914 Preferred dividends (303 ) (304 ) (302 ) Impact of preferred stock call and redemption (17 ) (a) (13 ) (b) – Earnings allocated to participating stock awards (38 ) (21 ) (29 ) Net income applicable to U.S. Bancorp common shareholders $ 7,605 $ 4,621 $ 6,583 Average common shares outstanding 1,489 1,509 1,581 Net effect of the exercise and assumed purchase of stock awards 1 1 2 Average diluted common shares outstanding 1,490 1,510 1,583 Earnings per common share $ 5.11 $ 3.06 $ 4.16 Diluted earnings per common share $ 5.10 $ 3.06 $ 4.16 (a) Represents stock issuance costs originally recorded in preferred stock upon the issuance of the Company’s Series I and Series F Preferred Stock that were reclassified to retained earnings on the date the Company announced its intent to redeem the outstanding shares. (b) Represents stock issuance costs originally recorded in preferred stock upon the issuance of the Company’s Series H Preferred Stock that were reclassified to retained earnings on the date the Company announced its intent to redeem the outstanding shares.

Employee Benefits (Tables)

Employee Benefits (Tables)	12 Months Ended
Employee Benefits (Tables)	Dec. 31, 2021
Retirement Benefits [Abstract]
Summary of Changes in Projected Benefit Obligation, Plan Assets, Funded Status, Amounts Recognized in Consolidated Balance Sheet and Accumulated Other Comprehensive Income (Loss)	The following table summarizes the changes in benefit obligations and plan assets for the years ended December 31, and the funded status and amounts recognized in the Consolidated Balance Sheet at December 31 for the retirement plans: Pension Plans Postretirement (Dollars in Millions) 2021 2020 2021 2020 Change In Projected Benefit Obligation (a) Benefit obligation at beginning of measurement period $ 7,805 $ 6,829 $ 38 $ 47 Service cost 265 235 – – Interest cost 219 235 1 1 Participants’ contributions – – 4 6 Plan amendments – (18 ) – – Actuarial (gain) loss (4 ) 754 (2 ) (4 ) Lump sum settlements (71 ) (55 ) – – Benefit payments (184 ) (175 ) (7 ) (13 ) Federal subsidy on benefits paid – – – 1 Benefit obligation at end of measurement period (b) $ 8,030 $ 7,805 $ 34 $ 38 Change In Fair Value Of Plan Assets Fair value at beginning of measurement period $ 7,498 $ 5,838 $ – $ 84 Actual return on plan assets 844 737 – 1 Employer contributions 26 1,153 3 5 Participants’ contributions – – 4 6 Lump sum settlements (71 ) (55 ) – – Benefit payments (184 ) (175 ) (7 ) (13 ) Other Changes (c ) – – – (83 ) Fair value at end of measurement period $ 8,113 $ 7,498 $ – $ – Funded (Unfunded) Status $ 83 $ (307 ) $ (34 ) $ (38 ) Components Of The Consolidated Balance Sheet Noncurrent benefit asset $ 776 $ 369 $ – $ – Current benefit liability (26 ) (27 ) (5 ) (5 ) Noncurrent benefit liability (667 ) (649 ) (29 ) (33 ) Recognized amount $ 83 $ (307 ) $ (34 ) $ (38 ) Accumulated Other Comprehensive Income (Loss), Pretax Net actuarial (loss) gain $ (1,989 ) $ (2,557 ) $ 58 $ 63 Net prior service credit (cost) 16 18 8 11 Recognized amount $ (1,973 ) $ (2,539 ) $ 66 $ 74 (a) The increase in the projected benefit obligation for 2021 was primarily due to demographic experience partially offset by a higher discount rate, and the increase for 2020 was primarily due to a lower discount rate. (b) At December 31, 2021 and 2020, the accumulated benefit obligation for all pension plans was $7.3 billion and $7.1 billion, respectively. (c) The fair value of postretirement welfare plan assets decreased in 2020 due to the dissolution of the VEBA trust. Prior to dissolution, the remaining assets in the VEBA trust were used to pay benefits under other programs of the Company’s health and welfare plan, as permitted by the VEBA trust agreement. The postreirement welfare plan now operates as an unfunded plan.
Pension Plans with Benefit Obligations in Excess of Plan Assets	The following table provides information for pension plans with benefit obligations in excess of plan assets at December 31: (Dollars in Millions) 2021 2020 Pension Plans with Projected Benefit Obligations in Excess of Plan Assets Projected benefit obligation $ 692 $ 676 Fair value of plan assets – – Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets Accumulated benefit obligation $ 631 $ 628 Fair value of plan assets – –
Components of Net Periodic Benefit Cost and Other Amounts Recognized in Accumulated Other Comprehensive Income (Loss)	The following table sets forth the components of net periodic benefit cost and other amounts recognized in accumulated other comprehensive income (loss) for the years ended December 31 for the retirement plans: Pension Plans Postretirement Welfare Plan (Dollars in Millions) 2021 2020 2019 2021 2020 2019 Components Of Net Periodic Benefit Cost Service cost $ 265 $ 235 $ 192 $ – $ – $ – Interest cost 219 235 249 1 1 2 Expected return on plan assets (450 ) (403 ) (383 ) – (3 ) (3 ) Prior service cost (credit) and transition obligation (asset) amortization (2 ) – – (3 ) (3 ) (3 ) Actuarial loss (gain) amortization 169 134 98 (7 ) (6 ) (6 ) Net periodic benefit cost $ 201 $ 201 $ 156 $ (9 ) $ (11 ) $ (10 ) Other Changes In Plan Assets And Benefit Obligations Recognized In Other Comprehensive Income (Loss) Net actuarial gain (loss) arising during the year $ 398 $ (420 ) $ (388 ) $ 2 $ 1 $ 7 Net actuarial loss (gain) amortized during the year 169 134 98 (7 ) (6 ) (6 ) Net prior service (cost) credit and transition (obligation) asset arising during the year – 18 – – – – Net prior service cost (credit) and transition obligation (asset) amortized during the year (2 ) – – (3 ) (3 ) (3 ) Total recognized in other comprehensive income (loss) $ 565 $ (268 ) $ (290 ) $ (8 ) $ (8 ) $ (2 ) Total recognized in net periodic benefit cost and other comprehensive income (loss) $ 364 $ (469 ) $ (446 ) $ 1 $ 3 $ 8
Weighted Average Assumptions to Determine Projected Benefit Obligations	The following table sets forth weighted average assumptions used to determine the projected benefit obligations at December 31: Pension Plans Postretirement (Dollars in Millions) 2021 2020 2021 2020 Discount rate (a ) 3.00 % 2.75 % 2.37 % 1.82 % Cash balance interest crediting rate 3.00 3.00 * * Rate of compensation increase (b) 3.56 3.56 * * Health care cost trend rate (c) Prior to age 65 5.75 % 6.00 % After age 65 5.75 % 6.00 % (a) The discount rates were developed using a cash flow matching bond model with a modified duration for the qualified pension plan, legacy pension plan, non-qualified (b) Determined on an active liability-weighted basis. (c) The 2021 and 2020 pre-65 post-65 * Not applicable
Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost	The following table sets forth weighted average assumptions used to determine net periodic benefit cost for the years ended December 31: Pension Plans Postretirement Welfare Plan (Dollars in Millions) 2021 2020 2019 2021 2020 2019 Discount rate (a) 2.75 % 3.40 % 4.45 % 2.37 % 2.80 % 4.05 % Cash balance interest crediting rate 3.00 3.00 3.00 * * * Expected return on plan assets (b) 6.50 7.25 7.25 * 3.50 3.50 Rate of compensation increase (c) 3.56 3.56 3.52 * * * Health care cost trend rate (d) Prior to age 65 5.75 % 6.25 % 6.50 % After age 65 5.75 6.25 10.00 (a) The discount rates were developed using a cash flow matching bond model with a modified duration for the qualified pension plan, legacy pension plan, non-qualified non-qualified (b) With the help of an independent pension consultant, the Company considers several sources when developing its expected long-term rates of return on plan assets assumptions, including, but not limited to, past returns and estimates of future returns given the plans’ asset allocation, economic conditions, and peer group LTROR information. The Company determines its expected long-term rates of return reflecting current economic conditions and plan assets. (c) Determined on an active liability weighted basis. (d) The 2021, 2020 and 2019 pre-65 post-65
Summary of Plan Investment Assets Measured at Fair Value	The following table summarizes plan investment assets measured at fair value at December 31: Qualified Pension Plans 2021 2020 (Dollars in Millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 43 $ – $ – $ 43 $ 975 $ – $ – $ 975 Debt securities 1,022 1,096 – 2,118 894 1,224 – 2,118 Mutual funds Debt securities – 409 – 409 – 371 – 371 Emerging markets equity securities – 188 – 188 – 174 – 174 Other – – 4 4 – – 6 6 $ 1,065 $ 1,693 $ 4 2,762 $ 1,869 $ 1,769 $ 6 3,644 Plan investment assets not classified in fair value hierarchy (a) Collective investment funds Domestic equity securities 1,958 1,515 Mid-small (b) 433 431 International equity securities 867 718 Domestic real estate securities 829 520 Hedge funds (c) 450 251 Private equity funds (d) 814 419 Total plan investment assets at fair value $ 8,113 $ 7,498 (a) These investments are valued based on net asset value per share as a practical expedient; fair values are provided to reconcile to total investment assets of the plans at fair value. (b) At December 31, 2021 and 2020, securities included $433 million and $431 million in domestic equities, respectively. (c) This category consists of several investment strategies diversified across several hedge fund managers. (d) This category consists of several investment strategies diversified across several private equity fund managers.
Summarizes the Changes for Qualified Pension Plan Assets Measured at Fair Value Using Significant Unobservable Inputs (Level 3)	The following table summarizes the changes in fair value for qualified pension plans investment assets measured at fair value using significant unobservable inputs (Level 3) for the years ended December 31: 2021 2020 2019 (Dollars in Millions) Other Other Other Balance at beginning of period $ 6 $ 3 $ 3 Unrealized gains (losses) relating to assets still held at end of year (2 ) 3 – Purchases, sales, and settlements, net – – – Balance at end of period $ 4 $ 6 $ 3
Expected Future Benefit Payments	The following benefit payments are expected to be paid from the retirement plans for the years ended December 31: (Dollars in Millions) Pension Postretirement (a) 2022 $ 264 $ 4 2023 286 4 2024 305 4 2025 357 3 2026 347 3 2027-2031 1,975 11 (a) Net of expected retiree contributions and before Medicare Part D subsidy.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
Stock-Based Compensation (Tables)	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Summary of Stock Options Outstanding and Exercised Under Prior and Existing Stock Incentive Plans	The following is a summary of stock options outstanding and exercised under prior and existing stock incentive plans of the Company: Year Ended December 31 Stock Weighted- Weighted-Average Aggregate 2021 Number outstanding at beginning of period 5,180,391 $ 40.38 Exercised (1,281,646 ) 33.66 Cancelled (a) (8,614 ) 48.20 Number outstanding at end of period (b) 3,890,131 $ 42.58 3.3 $ 53 Exercisable at end of period 3,890,131 $ 42.58 3.3 $ 53 2020 Number outstanding at beginning of period 5,718,256 $ 39.25 Exercised (513,293 ) 27.48 Cancelled (a) (24,572 ) 45.08 Number outstanding at end of period (b) 5,180,391 $ 40.38 3.7 $ 32 Exercisable at end of period 4,942,077 $ 39.68 3.6 $ 34 2019 Number outstanding at beginning of period 9,115,010 $ 34.52 Exercised (3,333,467 ) 26.36 Cancelled (a) (63,287 ) 36.74 Number outstanding at end of period (b) 5,718,256 $ 39.25 4.4 $ 115 Exercisable at end of period 4,869,805 $ 37.67 4.0 $ 105 Note: The Company did not grant any stock option awards during 2021, 2020 and 2019. (a) Options cancelled include both non-vested (b) Outstanding options include stock-based awards that may be forfeited in future periods. The impact of the estimated forfeitures is reflected in compensation expense.
Summary of Certain Stock Option Activity	The following summarizes certain stock option activity of the Company: Year Ended December 31 (Dollars in Millions) 2021 2020 2019 Fair value of options vested $ 3 $ 7 $ 10 Intrinsic value of options exercised 27 11 95 Cash received from options exercised 43 14 88 Tax benefit realized from options exercised 7 3 24
Stock Options Outstanding Additional Information	Additional information regarding stock options outstanding as of December 31, 2021, is as follows: Outstanding Options Exercisable Options Range of Exercise Prices Shares Weighted- Weighted- Shares Weighted- $25.01—$30.00 251,126 .1 $ 28.63 251,126 $ 28.63 $30.01—$35.00 446,538 1.1 33.98 446,538 33.98 $35.01—$40.00 1,051,053 4.1 39.49 1,051,053 39.49 $40.01—$45.00 1,269,994 2.7 42.43 1,269,994 42.43 $45.01—$50.00 — — — — — $50.01—$55.01 871,420 5.1 54.96 871,420 54.96 3,890,131 3.3 $ 42.58 3,890,131 $ 42.58
Summary of Company's Restricted Shares of Stock and Unit Awards	A summary of the status of the Company’s restricted shares of stock and unit awards is presented below: 2021 2020 2019 Year Ended December 31 Shares Weighted- Shares Weighted- Shares Weighted- Outstanding at beginning of period 6,343,313 $ 51.38 6,606,833 $ 48.99 6,719,298 $ 48.17 Granted 4,512,995 52.54 3,552,923 53.90 3,519,474 50.45 Vested (3,793,978 ) 53.27 (3,534,770 ) 49.28 (3,270,778 ) 48.69 Cancelled (249,577 ) 52.83 (281,673 ) 53.51 (361,161 ) 50.55 Outstanding at end of period 6,812,753 $ 51.04 6,343,313 $ 51.38 6,606,833 $ 48.99

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Components of Income Tax Expense	The components of income tax expense were: Year Ended December 31 (Dollars in Millions) 2021 2020 2019 Federal Current $ 1,203 $ 1,146 $ 1,162 Deferred 469 (291 ) 166 Federal income tax 1,672 855 1,328 State Current 398 355 379 Deferred 111 (144 ) (59 ) State income tax 509 211 320 Total income tax provision $ 2,181 $ 1,066 $ 1,648
Reconciliation of Expected Income Tax Expense at Federal Statutory Rate of 21 Percent to Company's Applicable Income Tax Expense	A reconciliation of expected income tax expense at the federal statutory rate of 21 percent to the Company’s applicable income tax expense follows: Year Ended December 31 (Dollars in Millions) 2021 2020 2019 Tax at statutory rate $ 2,135 $ 1,271 $ 1,805 State income tax, at statutory rates, net of federal tax benefit 439 240 355 Tax effect of Tax credits and benefits, net of related expenses (331 ) (370 ) (424 ) Tax-exempt (114 ) (117 ) (120 ) Nondeductible legal and regulatory expenses 24 29 23 Other items (a) 28 13 9 Applicable income taxes $ 2,181 $ 1,066 $ 1,648 (a) Includes excess tax benefits associated with stock-based compensation and adjustments related to deferred tax assets and liabilities.
Reconciliation of Changes in Federal, State and Foreign Unrecognized Tax Position Balances	A reconciliation of the changes in the federal, state and foreign uncertain tax position balances are summarized as follows: Year Ended December 31 (Dollars in Millions) 2021 2020 2019 Balance at beginning of period $ 474 $ 432 $ 335 Additions for tax positions taken in prior years 14 62 168 Additions for tax positions taken in the current year 7 6 6 Exam resolutions (1 ) (8 ) (62 ) Statute expirations (7 ) (18 ) (15 ) Balance at end of period $ 487 $ 474 $ 432
Significant Components of the Company's Net Deferred Tax Asset (Liability)	The significant components of the Company’s net deferred tax asset (liability) follows: At December 31 (Dollars in Millions) 2021 2020 Deferred Tax Assets Federal, state and foreign net operating loss and credit carryforwards $ 2,331 $ 2,495 Allowance for credit losses 1,561 2,042 Accrued expenses 568 554 Obligation for operating leases 281 293 Securities available-for-sale 163 — Stock compensation 76 84 Pension and postretirement benefits 8 108 Partnerships and other investment assets — 9 Other deferred tax assets, net 451 383 Gross deferred tax assets 5,439 5,968 Deferred Tax Liabilities Leasing activities (2,263 ) (2,511 ) Goodwill and other intangible assets (845 ) (802 ) Mortgage servicing rights (593 ) (408 ) Right of use operating leases (246 ) (249 ) Fixed assets (238 ) (226 ) Loans (85 ) (112 ) Partnerships and other investment assets (8 ) — Securities available-for-sale — (755 ) Other deferred tax liabilities, net (127 ) (145 ) Gross deferred tax liabilities (4,405 ) (5,208 ) Valuation allowance (249 ) (163 ) Net Deferred Tax Asset $ 785 $ 597

Derivative Instruments (Tables)

Derivative Instruments (Tables)	12 Months Ended
Derivative Instruments (Tables)	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Asset and Liability Management Derivative Positions of Company	The following table summarizes the asset and liability management derivative positions of the Company at December 31: 2021 2020 Notional Fair Value Notional Fair Value (Dollars in Millions) Assets Liabilities Assets Liabilities Fair value hedges Interest rate contracts Receive fixed/pay floating swaps $ 12,350 $ – $ – $ 8,400 $ – $ – Pay fixed/receive floating swaps 16,650 – – 100 – – Cash flow hedges Interest rate contracts Pay fixed/receive floating swaps – – – 3,250 – – Net investment hedges Foreign exchange forward contracts 793 – 4 815 – 3 Other economic hedges Interest rate contracts Futures and forwards Buy 9,322 10 16 18,356 73 5 Sell 29,348 25 27 39,416 48 157 Options Purchased 18,570 256 – 11,610 121 – Written 9,662 52 231 12,843 202 198 Receive fixed/pay floating swaps 9,653 – – 11,971 – – Pay fixed/receive floating swaps 7,033 – – 8,616 – – Foreign exchange forward contracts 735 2 6 633 1 2 Equity contracts 209 5 – 172 3 – Other (a) 1,792 – 125 1,879 1 183 Total $ 116,117 $ 350 $ 409 $ 118,061 $ 449 $ 548 (a) Includes derivative liability swap agreements related to the sale of a portion of the Company’s Class B common and preferred shares of Visa Inc. The Visa swap agreements had a total notional value and fair value of $1.8 billion and $125 million at December 31, 2021, respectively, compared to $1.8 billion and $182 million at December 31, 2020, respectively. In addition, includes short-term underwriting purchase and sale commitments with total asset and liability notional values of $4 million at December 31, 2021, and $47 million at December 31, 2020.
Customer-Related Derivative Positions of Company	The following table summarizes the customer-related derivative positions of the Company at December 31: 2021 2020 Notional Fair Value Notional Fair Value (Dollars in Millions) Assets Liabilities Assets Liabilities Interest rate contracts Receive fixed/pay floating swaps $ 178,701 $ 2,007 $ 438 $ 156,886 $ 3,782 $ 99 Pay fixed/receive floating swaps 174,176 134 670 150,011 2 1,239 Other (a) 16,267 1 2 16,308 6 3 Options Purchased 89,679 194 36 74,109 111 46 Written 85,211 36 176 69,941 46 81 Futures Buy 3,607 – – 2,775 – – Sell 3,941 – – 4,090 – – Foreign exchange rate contracts Forwards, spots and swaps 89,321 1,145 1,143 90,837 1,590 1,565 Options Purchased 805 19 – 519 14 – Written 805 – 19 519 – 14 Credit contracts 9,331 1 5 10,355 1 7 Total $ 651,844 $ 3,537 $ 2,489 $ 576,350 $ 5,552 $ 3,054 (a) Primarily represents floating rate interest rate swaps that pay based on differentials between specified interest rate indexes.
Summary of Effective Portion of Gains (Losses) Recognized in Other Comprehensive Income (Loss) and Gains (Losses) Reclassified from Other Comprehensive Income (Loss) into Earnings	The table below shows the effective portion of the gains (losses) recognized in other comprehensive income (loss) and the gains (losses) reclassified from other comprehensive income (loss) into earnings (net-of-tax) Gains (Losses) Recognized in Other Gains (Losses) Reclassified from (Dollars in Millions) 2021 2020 2019 2021 2020 2019 Asset and Liability Management Positions Cash flow hedges Interest rate contracts $ 94 $ (145 ) $ (171 ) $ (10 ) $ (7 ) $(8) Net investment hedges Foreign exchange forward contracts 19 (21 ) 3 – – – Non-derivative 84 (90 ) 13 – – – Note:The Company does not exclude components from effectiveness testing for cash flow and net investment hedges.
Effect of Fair Value and Cash Flow Hedge Accounting Included in Interest Expense on Consolidated Statement of Income	The table below shows the effect of fair value and cash flow hedge accounting on the Consolidated Statement of Income for the years ended December 31: Interest Income Interest Expense (Dollars in Millions) 2021 2020 2019 2021 2020 2019 Total amount of income and expense line items presented in the Consolidated Statement of Income in which the effects of fair value or cash flow hedges are recorded $ 13,487 $ 14,840 $ 17,494 $ 993 $ 2,015 $ 4,442 Asset and Liability Management Positions Fair value hedges Interest rate contract derivatives 17 1 – 232 (134 ) (44) Hedged items (19 ) (1 ) – (232 ) 134 44 Cash flow hedges Interest rate contract derivatives – – – 14 10 11 Note: The Company does not exclude components from effectiveness testing for fair value and cash flow hedges. The Company reclassified losses of $53 million and $41 million into earnings during the years ended December 31, 2021 and 2020, respectively, as a result of realized cash flows on discontinued cash flow hedges. The Company did not reclassify gains or losses into earnings as a result of realized cash flows on discontinued cash flow hedges during the year ended December 31, 2019. No amounts were reclassified into earnings on discontinued cash flow hedges because it is probable the original hedged forecasted cash flows will not occur.
Summary of Cumulative Hedging Adjustments and the Carrying Amount of Assets and Liabilities Designated in Fair Value Hedges	The table below shows cumulative hedging adjustments and the carrying amount of assets and liabilities designated in fair value hedges: Carrying Amount of the Cumulative Hedging (a) At December 31 (Dollars in Millions) 2021 2020 2021 2020 Line Item in the Consolidated Balance Sheet Available-for-sale $ 16,445 $ 99 $ (26 ) $(1) Long-term debt 12,278 8,567 585 903 (a) The cumulative hedging adjustment related to discontinued hedging relationships on available-for-sale
Summary of Gains (Losses) Recognized in Earnings for Other Economic Hedges and Customer-Related Positions	The table below shows the gains (losses) recognized in earnings for other economic hedges and the customer-related positions for the years ended December 31: (Dollars in Millions) Location of Gains (Losses) Recognized in Earnings 2021 2020 2019 Asset and Liability Management Positions Other economic hedges Interest rate contracts Futures and forwards Mortgage banking revenue/ $ 511 $ 82 $ 34 Purchased and written options Mortgage banking revenue 527 1,527 432 Swaps Mortgage banking revenue (197 ) 598 316 Foreign exchange forward contracts Other noninterest income 1 3 (24) Equity contracts Compensation expense 7 3 — Other Other noninterest income 5 (70 ) (140) Customer-Related Positions Interest rate contracts Swaps Commercial products revenue 110 135 82 Purchased and written options Commercial products revenue (5 ) (8 ) 10 Futures Commercial products revenue 3 (18 ) (5) Foreign exchange rate contracts Forwards, spots and swaps Commercial products revenue 93 78 82 Purchased and written options Commercial products revenue 1 1 1 Credit contracts Commercial products revenue (7 ) (32 ) (18)

Netting Arrangements for Cert_2

Netting Arrangements for Certain Financial Instruments and Securities Financing Activities (Tables)	12 Months Ended
	Dec. 31, 2021
Text Block [Abstract]
Summary of Maturities by Category of Collateral Pledged for Repurchase Agreements and Securities Loaned Transactions	The following table summarizes the maturities by category of collateral pledged for repurchase agreements and securities loaned transactions: (Dollars in Millions) Overnight and Less Than 30-89 Greater Than Total December 31, 2021 Repurchase agreements U.S. Treasury and agencies $ 378 $ – $ – $ – $ 378 Residential agency mortgage-backed securities 551 – – – 551 Corporate debt securities 646 – – – 646 Total repurchase agreements 1,575 – – – 1,575 Securities loaned Corporate debt securities 169 – – – 169 Total securities loaned 169 – – – 169 Gross amount of recognized liabilities $ 1,744 $ – $ – $ – $ 1,744 December 31, 2020 Repurchase agreements U.S. Treasury and agencies $ 472 $ – $ – $ – $ 472 Residential agency mortgage-backed securities 398 – – – 398 Corporate debt securities 560 – – – 560 Total repurchase agreements 1,430 – – – 1,430 Securities loaned Corporate debt securities 218 – – – 218 Total securities loaned 218 – – – 218 Gross amount of recognized liabilities $ 1,648 $ – $ – $ – $ 1,648
Information on Company's Accounting Netting Adjustments and Items Not Offset in Consolidated Balance Sheet Assets But Available for Offset in Event of Default	The following tables provide information on the Company’s netting adjustments, and items not offset on the Consolidated Balance Sheet but available for offset in the event of default: (Dollars in Millions) Gross Gross Amounts (a) Net Amounts Gross Amounts Not Offset on Financial (b) Collateral (c) Net Amount December 31, 2021 Derivative assets (d) $ 3,830 $ (1,609 ) $ 2,221 $ (142 ) $ (106 ) $ 1,973 Reverse repurchase agreements 359 – 359 (249 ) (110 ) – Securities borrowed 1,868 – 1,868 – (1,818 ) 50 Total $ 6,057 $ (1,609 ) $ 4,448 $ (391 ) $ (2,034 ) $ 2,023 December 31, 2020 Derivative assets (d) $ 5,744 $ (1,874 ) $ 3,870 $ (109 ) $ (287 ) $ 3,474 Reverse repurchase agreements 377 – 377 (262 ) (115 ) – Securities borrowed 1,716 – 1,716 – (1,670 ) 46 Total $ 7,837 $ (1,874 ) $ 5,963 $ (371 ) $ (2,072 ) $ 3,520 (a) Includes $528 million and $898 million of cash collateral related payables that were netted against derivative assets at December 31, 2021 and 2020, respectively. (b) For derivative assets this includes any derivative liability fair values that could be offset in the event of counterparty default; for reverse repurchase agreements this includes any repurchase agreement payables that could be offset in the event of counterparty default; for securities borrowed this includes any securities loaned payables that could be offset in the event of counterparty default. (c) Includes the fair value of securities received by the Company from the counterparty. These securities are not included on the Consolidated Balance Sheet unless the counterparty defaults. (d) Excludes $57 million and $257 million at December 31, 2021 and 2020, respectively, of derivative assets not subject to netting arrangements.
Information on Company's Accounting Netting Adjustments and Items Not Offset in Consolidated Balance Sheet Liabilities But Available for Offset in Event of Default	(Dollars in Millions) Gross Gross Amounts (a) Net Amounts Gross Amounts Not Offset on Net Amount Financial (b) Collateral (c) December 31, 2021 Derivative liabilities (d) $ 2,761 $ (1,589 ) $ 1,172 $ (142 ) $ – $ 1,030 Repurchase agreements 1,575 – 1,575 (249 ) (1,326 ) – Securities loaned 169 – 169 – (167 ) 2 Total $ 4,505 $ (1,589 ) $ 2,916 $ (391 ) $ (1,493 ) $ 1,032 December 31, 2020 Derivative liabilities (d) $ 3,419 $ (2,312 ) $ 1,107 $ (109 ) $ – $ 998 Repurchase agreements 1,430 – 1,430 (262 ) (1,168 ) – Securities loaned 218 – 218 – (215 ) 3 Total $ 5,067 $ (2,312 ) $ 2,755 $ (371 ) $ (1,383 ) $ 1,001 (a) Includes $508 million and $1.3 billion of cash collateral related receivables that were netted against derivative liabilities at December 31, 2021 and 2020, respectively. (b) For derivative liabilities this includes any derivative asset fair values that could be offset in the event of counterparty default; for repurchase agreements this includes any reverse repurchase agreement receivables that could be offset in the event of counterparty default; for securities loaned this includes any securities borrowed receivables that could be offset in the event of counterparty default. (c) Includes the fair value of securities pledged by the Company to the counterparty. These securities are included on the Consolidated Balance Sheet unless the Company defaults. (d) Excludes $137 million and $183 million at December 31, 2021 and 2020, respectively, of derivative liabilities not subject to netting arrangements.

Fair Values of Assets and Lia_2

Fair Values of Assets and Liabilities (Tables)	12 Months Ended
Fair Values of Assets and Liabilities (Tables)	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Valuation Assumption Ranges for MSRs	The following table shows the significant valuation assumption ranges for MSRs at December 31, 2021: Minimum Maximum Weighted- (a) Expected prepayment 3 % 13 % 10 % Option adjusted spread 6 11 7 (a) Determined based on the relative fair value of the related mortgage loans serviced.
Valuation Assumption Ranges for Derivative Commitments	The following table shows the significant valuation assumption ranges for the Company’s derivative commitments to purchase and originate mortgage loans at December 31, 2021: Minimum Maximum Weighted- (a) Expected loan close rate 2 % 100 % 80 % Inherent MSR value (basis points per loan) 14 181 116 (a) Determined based on the relative fair value of the related mortgage loans.
Balances of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table summarizes the balances of assets and liabilities measured at fair value on a recurring basis: (Dollars in Millions) Level 1 Level 2 Level 3 Netting Total December 31, 2021 Available-for-sale U.S. Treasury and agencies $ 30,917 $ 5,692 $ – $ – $ 36,609 Mortgage-backed securities Residential agency – 77,079 – – 77,079 Commercial agency – 8,485 – – 8,485 Asset-backed securities – 59 7 – 66 Obligations of state and political subdivisions – 10,716 1 – 10,717 Other – 7 – – 7 Total available-for-sale 30,917 102,038 8 – 132,963 Mortgage loans held for sale – 6,623 – – 6,623 Mortgage servicing rights – – 2,953 – 2,953 Derivative assets 8 2,490 1,389 (1,609 ) 2,278 Other assets 278 1,921 – – 2,199 Total $ 31,203 $ 113,072 $ 4,350 $ (1,609) $ 147,016 Derivative liabilities $ – $ 2,308 $ 590 $ (1,589) $ 1,309 Short-term borrowings and other liabilities (a) 209 1,837 – – 2,046 Total $ 209 $ 4,145 $ 590 $ (1,589) $ 3,355 December 31, 2020 Available-for-sale U.S. Treasury and agencies $ 19,251 $ 3,140 $ – $ – $ 22,391 Mortgage-backed securities Residential agency – 99,968 – – 99,968 Commercial agency – 5,406 – – 5,406 Asset-backed securities – 198 7 – 205 Obligations of state and political subdivisions – 8,860 1 – 8,861 Other – 9 – – 9 Total available-for-sale 19,251 117,581 8 – 136,840 Mortgage loans held for sale – 8,524 – – 8,524 Mortgage servicing rights – – 2,210 – 2,210 Derivative assets 4 3,235 2,762 (1,874 ) 4,127 Other assets 302 1,601 – – 1,903 Total $ 19,557 $ 130,941 $ 4,980 $ (1,874) $ 153,604 Derivative liabilities $ – $ 3,166 $ 436 $ (2,312) $ 1,290 Short-term borrowings and other liabilities (a) 85 1,672 – – 1,757 Total $ 85 $ 4,838 $ 436 $ (2,312) $ 3,047 Note: Excluded from the table above are equity investments without readily determinable fair values. The Company has elected to carry these investments at historical cost, adjusted for impairment and any changes resulting from observable price changes for identical or similar investments of the issuer. The aggregate carrying amount of these equity investments was $79 million and $85 million at December 31, 2021 and 2020, respectively. The Company has not recorded impairments or adjustments for observable price changes on these equity investments during 2021 and 2020, or on a cumulative basis. (a) Primarily represents the Company’s obligation on securities sold short required to be accounted for at fair value per applicable accounting guidance.
Changes in Fair Value for All Assets and Liabilities Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3)	The following table presents the changes in fair value for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the years ended December 31: (Dollars in Millions) Beginning of Period Balance Net Gains (Losses) Included in Net Income Net Gains (Losses) Included in Other Comprehensive Income (Loss) Purchases Sales Principal Payments Issuances Settlements Transfers into Level 3 End of Balance Net Change in Unrealized Gains (Losses) Relating to Assets and Liabilities Held at End of Period 2021 Available-for-sale Asset-backed securities $ 7 $ – $ 1 $ – $ – $ (1 ) $ – $ – $ – $ 7 $ 1 Obligations of state and political subdivisions 1 – – – – – – – – 1 – Total available-for-sale 8 – 1 – – (1 ) – – – 8 1 Mortgage servicing rights 2,210 (437 ) (a) – 42 2 – 1,136 (c) – – 2,953 (437 ) (a) Net derivative assets and liabilities 2,326 (924 ) (b) – 337 (3 ) – – (937 ) – 799 (968 ) (d) 2020 Available-for-sale Asset-backed securities $ 8 $ – $ – $ – $ – $ (1 ) $ – $ – $ – $ 7 $ – Obligations of state and political subdivisions 1 – – – – – – – – 1 – Total available-for-sale 9 – – – – (1 ) – – – 8 – Mortgage servicing rights 2,546 (1,403 ) (a) – 34 3 – 1,030 (c) – – 2,210 (1,403 ) (a) Net derivative assets and liabilities 810 2,922 (e) – 247 (3 ) – – (1,650 ) – 2,326 1,649 (f) 2019 Available-for-sale Asset-backed securities $ – $ – $ – $ – $ – $ – $ – $ – $ 8 $ 8 $ – Obligations of state and political subdivisions – – – – – – – – 1 1 – Total available-for-sale – – – – – – – – 9 9 – Mortgage servicing rights 2,791 (829 ) (a) – 20 5 – 559 (c) – – 2,546 (829 ) (a) Net derivative assets and liabilities 80 769 (g) – 142 (9 ) – – (172 ) – 810 782 (h) (a) Included in mortgage banking revenue. (b) Approximately $666 million, $(1.6) billion and $5 million included in mortgage banking revenue, commercial products revenue and other noninterest income, respectively. (c) Represents MSRs capitalized during the period. (d) Approximately $42 million, $(1.0) billion and $5 million included in mortgage banking revenue, commercial products revenue and other noninterest income, respectively. (e) Approximately $1.9 billion, $1.1 billion and $(70) million included in mortgage banking revenue, commercial products revenue and other noninterest income, respectively. (f) Approximately $247 million, $1.5 billion and $(70) million included in mortgage banking revenue, commercial products revenue and other noninterest income, respectively. (g) Approximately $482 million, $428 million and $(141) million included in mortgage banking revenue, commercial products revenue and other noninterest income, respectively. (h) Approximately $35 million, $888 million and $(141) million included in mortgage banking revenue, commercial products revenue and other noninterest income, respectively.
Adjusted Carrying Values for Assets Measured at Fair Value on Nonrecurring Basis	The Company is also required periodically to measure certain other financial assets at fair value on a nonrecurring basis. These measurements of fair value usually result from the application of lower-of-cost-or-fair The following table summarizes the balances as of the measurement date of assets measured at fair value on a nonrecurring basis, and still held as of December 31: 2021 2020 (Dollars in Millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Loans (a) $ – $ – $ 59 $ 59 $ – $ – $ 385 $ 385 Other assets (b) – – 77 77 – – 30 30 (a) Represents the carrying value of loans for which adjustments were based on the fair value of the collateral, excluding loans fully charged-off. (b) Primarily represents the fair value of foreclosed properties that were measured at fair value based on an appraisal or broker price opinion of the collateral subsequent to their initial acquisition.
Losses Recognized Related to Nonrecurring Fair Value Measurements of Individual Assets or Portfolios	The following table summarizes losses recognized related to nonrecurring fair value measurements of individual assets or portfolios for the years ended December 31: (Dollars in Millions) 2021 2020 2019 Loans (a) $ 60 $ 426 $ 122 Other assets (b) 25 21 17 (a) Represents write-downs of loans which were based on the fair value of the collateral, excluding loans fully charged-off. (b) Primarily represents related losses of foreclosed properties that were measured at fair value subsequent to their initial acquisition.
Differences Between Aggregate Fair Value Carrying Amount of MLHFS for which Fair Value Option has been Elected and Aggregate Unpaid Principal Amount Contractually Obligated to Receive at Maturity	The following table summarizes the differences between the aggregate fair value carrying amount of MLHFS for which the fair value option has been elected and the aggregate unpaid principal amount that the Company is contractually obligated to receive at maturity as of December 31: 2021 2020 (Dollars in Millions) Fair Value Aggregate Carrying Fair Value Aggregate Carrying Total loans $ 6,623 $ 6,453 $ 170 $ 8,524 $ 8,136 $ 388 Nonaccrual loans 1 1 — 1 1 — Loans 90 days or more past due 2 2 — 2 2 —
Estimated Fair Values of Financial Instruments	The estimated fair values of the Company’s financial instruments as of December 31, are shown in the table below: 2021 2020 Carrying Amount Fair Value Carrying Amount Fair Value (Dollars in Millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Financial Assets Cash and due from banks $ 28,905 $ 28,905 $ – $ – $ 28,905 $ 62,580 $ 62,580 $ – $ – $ 62,580 Federal funds sold and securities purchased under resale agreements 359 – 359 – 359 377 – 377 – 377 Investment securities held-to-maturity 41,858 – 41,812 – 41,812 – – – – – Loans held for sale (a) 1,152 – – 1,152 1,152 237 – – 237 237 Loans 306,304 – – 312,724 312,724 290,393 – – 300,419 300,419 Other (b) 1,521 – 630 891 1,521 1,772 – 731 1,041 1,772 Financial Liabilities Time deposits 22,665 – 22,644 – 22,644 30,694 – 30,864 – 30,864 Short-term borrowings (c) 9,750 – 9,646 – 9,646 10,009 – 9,956 – 9,956 Long-term debt 32,125 – 32,547 – 32,547 41,297 – 42,485 – 42,485 Other (d) 3,862 – 1,170 2,692 3,862 4,052 – 1,234 2,818 4,052 (a) Excludes mortgages held for sale for which the fair value option under applicable accounting guidance was elected. (b) Includes investments in Federal Reserve Bank and Federal Home Loan Bank stock and tax-advantaged (c) Excludes the Company’s obligation on securities sold short required to be accounted for at fair value per applicable accounting guidance. (d) Includes operating lease liabilities and liabilities related to tax-advantaged

Guarantees and Contingent Lia_2

Guarantees and Contingent Liabilities (Tables)	12 Months Ended
Guarantees and Contingent Liabilities (Tables)	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Contract or Notional Amounts of Unfunded Commitments to Extend Credit	The contract or notional amounts of unfunded commitments to extend credit at December 31, 2021, excluding those commitments considered derivatives, were as follows: Term (Dollars in Millions) Less Than Greater Total Commercial and commercial real estate loans $ 40,385 $ 118,879 $ 159,264 Corporate and purchasing card loans (a) 30,263 – 30,263 Residential mortgages 613 1 614 Retail credit card loans (a) 120,905 – 120,905 Other retail loans 14,924 22,905 37,829 Other 6,268 – 6,268 (a) Primarily cancelable at the Company’s discretion.
Summary of Other Guarantees and Contingent Liabilities	The following table is a summary of other guarantees and contingent liabilities of the Company at December 31, 2021: (Dollars in Millions) Collateral Carrying Maximum Standby letters of credit $ – $ 57 $ 9,605 Third party borrowing arrangements – – 3 Securities lending indemnifications 9,074 – 8,807 Asset sales – 84 7,229 Merchant processing 777 140 120,417 Tender option bond program guarantee 1,725 – 1,488 Other – 21 1,398
Contract or Notional Amount of Letters of Credit	The contract or notional amount of letters of credit at December 31, 2021, were as follows: Term (Dollars in Millions) Less Than Greater Total Standby $ 4,760 $ 4,845 $ 9,605 Commercial 889 22 911

Business Segments (Tables)

Business Segments (Tables)	12 Months Ended
Business Segments (Tables)	Dec. 31, 2021
Text Block [Abstract]
Business Segments Reporting Information Details	Business segment results for the years ended December 31 were as follows: Corporate and Commercial Banking Consumer and Business Banking Wealth Management and Investment Services (Dollars in Millions) 2021 2020 2021 2020 2021 2020 Condensed Income Statement Net interest income (taxable-equivalent basis) $ 2,900 $ 3,411 $ 6,077 $ 5,759 $ 1,002 $ 1,246 Noninterest income 1,035 1,117 2,501 3,177 2,221 2,022 Total net revenue 3,935 4,528 8,578 8,936 3,223 3,268 Noninterest expense 1,678 1,711 5,690 5,470 2,045 1,961 Other intangibles – – 12 16 14 12 Total noninterest expense 1,678 1,711 5,702 5,486 2,059 1,973 Income (loss) before provision and income taxes 2,257 2,817 2,876 3,450 1,164 1,295 Provision for credit losses 89 604 (144 ) 291 47 40 Income (loss) before income taxes 2,168 2,213 3,020 3,159 1,117 1,255 Income taxes and taxable-equivalent adjustment 542 554 755 791 280 314 Net income (loss) 1,626 1,659 2,265 2,368 837 941 Net (income) loss attributable to noncontrolling interests – – – – – – Net income (loss) attributable to U.S. Bancorp $ 1,626 $ 1,659 $ 2,265 $ 2,368 $ 837 $ 941 Average Balance Sheet Loans $ 103,208 $ 115,563 $ 141,082 $ 141,259 $ 18,097 $ 15,456 Other earning assets 4,537 4,163 8,093 7,175 242 287 Goodwill 1,715 1,647 3,428 3,500 1,628 1,617 Other intangible assets 5 6 2,760 2,105 84 39 Assets 115,194 128,038 161,571 159,191 21,236 18,564 Noninterest-bearing deposits 61,272 44,309 33,855 30,467 24,587 17,149 Interest-bearing deposits 71,246 88,138 158,434 131,536 75,618 77,525 Total deposits 132,518 132,447 192,289 162,003 100,205 94,674 Total U.S. Bancorp shareholders’ equity 13,928 15,063 12,337 12,739 3,154 2,936 Payment Services Treasury and Corporate Support Consolidated Company (Dollars in Millions) 2021 2020 2021 2020 2021 2020 Condensed Income Statement Net interest income (taxable-equivalent basis) $ 2,458 $ 2,562 $ 163 $ (54 ) $ 12,600 $ 12,924 Noninterest income 3,550 (a) 3,124 (a) 920 961 10,227 (b) 10,401 (b) Total net revenue 6,008 5,686 1,083 907 22,827 23,325 Noninterest expense 3,231 3,123 925 928 13,569 13,193 Other intangibles 133 148 – – 159 176 Total noninterest expense 3,364 3,271 925 928 13,728 13,369 Income (loss) before provision and income taxes 2,644 2,415 158 (21 ) 9,099 9,956 Provision for credit losses 349 681 (1,514 ) 2,190 (1,173 ) 3,806 Income (loss) before income taxes 2,295 1,734 1,672 (2,211 ) 10,272 6,150 Income taxes and taxable-equivalent adjustment 575 434 135 (928 ) 2,287 1,165 Net income (loss) 1,720 1,300 1,537 (1,283 ) 7,985 4,985 Net (income) loss attributable to noncontrolling interests – – (22 ) (26 ) (22 ) (26 ) Net income (loss) attributable to U.S. Bancorp $ 1,720 $ 1,300 $ 1,515 $ (1,309 ) $ 7,963 $ 4,959 Average Balance Sheet Loans $ 30,856 $ 31,539 $ 3,722 $ 3,452 $ 296,965 $ 307,269 Other earning assets 93 5 196,211 162,503 209,176 174,133 Goodwill 3,185 3,060 – – 9,956 9,824 Other intangible assets 508 581 – – 3,357 2,731 Assets 36,553 36,497 221,978 188,917 556,532 531,207 Noninterest-bearing deposits 4,861 4,351 2,629 2,263 127,204 98,539 Interest-bearing deposits 145 121 1,634 2,756 307,077 300,076 Total deposits 5,006 4,472 4,263 5,019 434,281 398,615 Total U.S. Bancorp shareholders’ equity 7,643 7,462 16,748 14,046 53,810 52,246 (a) Presented net of related rewards and rebate costs and certain partner payments of $2.5 billion and $2.1 billion for 2021 and 2020, respectively. (b) Includes revenue generated from certain contracts with customers of $7.5 billion and $6.9 billion for 2021 and 2020, respectively.

U.S. Bancorp (Parent Company) (

U.S. Bancorp (Parent Company) (Tables)	12 Months Ended
U.S. Bancorp (Parent Company) (Tables)	Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]
Condensed Statement of Financial Position of Parent Company Only	Condensed Balance Sheet At December 31 (Dollars in Millions) 2021 2020 Assets Due from banks, principally interest-bearing $ 8,369 $ 12,279 Available-for-sale 1,209 1,469 Investments in bank subsidiaries 51,432 52,551 Investments in nonbank subsidiaries 3,632 3,286 Advances to bank subsidiaries 9,600 3,850 Advances to nonbank subsidiaries 707 1,118 Other assets 898 869 Total assets $ 75,847 $ 75,422 Liabilities and Shareholders’ Equity Long-term debt $ 18,902 $ 20,924 Other liabilities 2,027 1,403 Shareholders’ equity 54,918 53,095 Total liabilities and shareholders’ equity $ 75,847 $ 75,422
Condensed Income Statement of Parent Company Only	Condensed Income Statement Year Ended December 31 (Dollars in Millions) 2021 2020 2019 Income Dividends from bank subsidiaries $ 7,000 $ 1,500 $ 7,100 Dividends from nonbank subsidiaries 2 24 6 Interest from subsidiaries 112 172 317 Other income 46 85 25 Total income 7,160 1,781 7,448 Expense Interest expense 348 433 551 Other expense 154 140 140 Total expense 502 573 691 Income before income taxes and equity in undistributed income of subsidiaries 6,658 1,208 6,757 Applicable income taxes (53 ) (78 ) (92 ) Income of parent company 6,711 1,286 6,849 Equity in undistributed income of subsidiaries 1,252 3,673 65 Net income attributable to U.S. Bancorp $ 7,963 $ 4,959 $ 6,914
Condensed Statement of Cash Flows of Parent Company Only	Condensed Statement of Cash Flows Year Ended December 31 (Dollars in Millions) 2021 2020 2019 Operating Activities Net income attributable to U.S. Bancorp $ 7,963 $ 4,959 $ 6,914 Adjustments to reconcile net income to net cash provided by operating activities Equity in undistributed income of subsidiaries (1,252 ) (3,673 ) (65 ) Other, net (85 ) 907 231 Net cash provided by operating activities 6,626 2,193 7,080 Investing Activities Proceeds from sales and maturities of investment securities 200 258 291 Purchases of investment securities – – (1,013 ) Net (increase) decrease in short-term advances to subsidiaries 411 347 578 Long-term advances to subsidiaries (7,000 ) – (2,600 ) Principal collected on long-term advances to subsidiaries 1,250 – 2,550 Other, net (269 ) 379 (341 ) Net cash provided by (used in) investing activities (5,408 ) 984 (535 ) Financing Activities Net increase (decrease) in short-term borrowings – (8 ) 8 Proceeds from issuance of long-term debt 1,300 2,750 3,743 Principal payments or redemption of long-term debt (3,000 ) (1,200 ) (1,500 ) Proceeds from issuance of preferred stock 2,221 486 – Proceeds from issuance of common stock 43 15 88 Repurchase of preferred stock (1,250 ) – – Repurchase of common stock (1,555 ) (1,672 ) (4,525 ) Cash dividends paid on preferred stock (308 ) (300 ) (302 ) Cash dividends paid on common stock (2,579 ) (2,552 ) (2,443 ) Net cash used in financing activities (5,128 ) (2,481 ) (4,931 ) Change in cash and due from banks (3,910 ) 696 1,614 Cash and due from banks at beginning of year 12,279 11,583 9,969 Cash and due from banks at end of year $ 8,369 $ 12,279 $ 11,583

Business Combinations - Additio

Business Combinations - Additional Information (Detail) - MUFG Union Bank [Member] - Forecast [Member] $ in Billions	6 Months Ended
	Jun. 30, 2022USD ($)Branchesshares
Business Acquisition [Line Items]
Business combination, Consideration transferred	$ 8
Payments to acquire businesses, gross	5.5
Business combination, Recognized identifiable assets acquired and liabilities assumed, Assets	105
Business combination, Recognized identifiable assets acquired and liabilities assumed, Financial liabilities	58
Business combination, Recognized identifiable assets acquired and liabilities assumed, Deposits	$ 90
Number of branches acquired \| Branches	300
Common Stock [Member]
Business Acquisition [Line Items]
Business acquisition, Equity interest issued or issuable, Number of shares \| shares	44,000,000

Restrictions on Cash and Due _2

Restrictions on Cash and Due from Banks - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Cash and Cash Equivalents [Abstract]
Minimum Average Reserve Balances Required By Banking Regulators	$ 78	$ 73
Balances held at the central banks and other financial institutions	$ 23,000	$ 55,400

Investment Securities - Availab

Investment Securities - Available-for-Sale and Held-to-Maturity (Detail) - USD ($) $ in Millions		Dec. 31, 2021		Dec. 31, 2020
Debt Securities Available For Sale And Held To Maturity [Line Items]
Held-to-maturity securities, Amortized Cost	[1]	$ 41,858
Held-to-maturity securities, Unrealized Gains		2
Held-to-maturity securities, Unrealized Losses		(48)
Held-to-maturity securities, Fair Value	[1]	41,812
Available-for-sale Securities, Amortized Cost		132,241	[2]	$ 133,611
Available-for-sale securities, Unrealized Gains		1,534		3,282
Available-for-sale securities, Unrealized Losses		(812)		(53)
Available-for-sale securities, Fair Value	[3]	132,963	[2]	136,840
U.S. Treasury and Agencies [Member]
Debt Securities Available For Sale And Held To Maturity [Line Items]
Available-for-sale Securities, Amortized Cost		36,648		21,954
Available-for-sale securities, Unrealized Gains		205		462
Available-for-sale securities, Unrealized Losses		(244)		(25)
Available-for-sale securities, Fair Value		36,609		22,391
Residential Mortgage-Backed Securities [Member] \| Agency [Member]
Debt Securities Available For Sale And Held To Maturity [Line Items]
Held-to-maturity securities, Amortized Cost		41,858
Held-to-maturity securities, Unrealized Gains		2
Held-to-maturity securities, Unrealized Losses		(48)
Held-to-maturity securities, Fair Value		41,812
Available-for-sale Securities, Amortized Cost		76,761		98,031
Available-for-sale securities, Unrealized Gains		665		1,950
Available-for-sale securities, Unrealized Losses		(347)		(13)
Available-for-sale securities, Fair Value		77,079		99,968
Commercial [Member] \| Agency [Member]
Debt Securities Available For Sale And Held To Maturity [Line Items]
Available-for-sale Securities, Amortized Cost		8,633		5,251
Available-for-sale securities, Unrealized Gains		53		170
Available-for-sale securities, Unrealized Losses		(201)		(15)
Available-for-sale securities, Fair Value		8,485		5,406
Asset-Backed Securities [Member]
Debt Securities Available For Sale And Held To Maturity [Line Items]
Available-for-sale Securities, Amortized Cost		62	[1]	200
Available-for-sale securities, Unrealized Gains		4		5
Available-for-sale securities, Fair Value		66	[1]	205
Obligations of State and Political Subdivisions [Member]
Debt Securities Available For Sale And Held To Maturity [Line Items]
Available-for-sale Securities, Amortized Cost		10,130	[4],[5]	8,166
Available-for-sale securities, Unrealized Gains		607		695
Available-for-sale securities, Unrealized Losses		(20)
Available-for-sale securities, Fair Value		10,717	[4],[5]	8,861
Other [Member]
Debt Securities Available For Sale And Held To Maturity [Line Items]
Available-for-sale Securities, Amortized Cost		7		9
Available-for-sale securities, Fair Value		$ 7		$ 9

[1]	Information related to asset and mortgage-backed securities included above is presented based upon weighted-average maturities that take into account anticipated future prepayments.
[2]	The weighted-average maturity of total available-for-sale investment securities was 3.4 years at December 31, 2020, with a corresponding weighted-average yield of 1.61 percent.
[3]	Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.
[4]	Information related to obligations of state and political subdivisions is presented based upon yield to first optional call date if the security is purchased at a premium, and yield to maturity if the security is purchased at par or a discount.
[5]	Maturity calculations for obligations of state and political subdivisions are based on the first optional call date for securities with a fair value above par and the contractual maturity date for securities with a fair value equal to or below par.

Investment Securities - Amount

Investment Securities - Amount of Interest Income from Taxable and Non-Taxable Investment Securities (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest Income, Securities, Operating, by Taxable Status [Abstract]
Taxable	$ 2,103	$ 2,201	$ 2,680
Non-taxable	262	227	213
Total interest income from investment securities	$ 2,365	$ 2,428	$ 2,893

Investment Securities - Amoun_2

Investment Securities - Amount of Gross Gains and Losses Realized through Sales of Available-for-Sale Investment Securities (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale, Realized Gain (Loss) [Abstract]
Realized gains	$ 122	$ 200	$ 99
Realized losses	(19)	(23)	(26)
Net realized gains	103	177	73
Income tax on net realized gains	$ 26	$ 45	$ 18

Investment Securities - Additio

Investment Securities - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Fair value of securities pledged	$ 30,700	$ 11,000
Fair value of securities pledged as collateral where counterparty has right to repledge or resell	557	$ 402
Transfer of amortized cost of available for sale debt securities to held to maturity securities	43,100
Transfer of available for sale debt securities to held to maturity securities	41,800
Debt securities, Held to maturity, Allowance for credit loss	$ 0

Investment Securities - Gross U

Investment Securities - Gross Unrealized Losses and Fair Value of Company's Investment Securities (Detail) $ in Millions	Dec. 31, 2021USD ($)
Continuous Gross Unrealized Losses And Fair Value [Abstract]
Fair Value Less Than 12 Months	$ 57,134
Unrealized Losses Less Than 12 Months	(566)
Fair Value 12 Months or Greater	4,908
Unrealized Losses 12 Months or Greater	(246)
Fair Value Total	62,042
Unrealized Losses Total	(812)
U.S. Treasury and Agencies [Member]
Continuous Gross Unrealized Losses And Fair Value [Abstract]
Fair Value Less Than 12 Months	11,445
Unrealized Losses Less Than 12 Months	(100)
Fair Value 12 Months or Greater	2,879
Unrealized Losses 12 Months or Greater	(144)
Fair Value Total	14,324
Unrealized Losses Total	(244)
Residential Mortgage-Backed Securities [Member]
Continuous Gross Unrealized Losses And Fair Value [Abstract]
Fair Value Less Than 12 Months	39,720
Unrealized Losses Less Than 12 Months	(342)
Fair Value 12 Months or Greater	263
Unrealized Losses 12 Months or Greater	(5)
Fair Value Total	39,983
Unrealized Losses Total	(347)
Commercial Mortgage Backed Securities [Member]
Continuous Gross Unrealized Losses And Fair Value [Abstract]
Fair Value Less Than 12 Months	4,463
Unrealized Losses Less Than 12 Months	(104)
Fair Value 12 Months or Greater	1,764
Unrealized Losses 12 Months or Greater	(97)
Fair Value Total	6,227
Unrealized Losses Total	(201)
Asset-Backed Securities [Member]
Continuous Gross Unrealized Losses And Fair Value [Abstract]
Fair Value 12 Months or Greater	2
Fair Value Total	2
Obligations of State and Political Subdivisions [Member]
Continuous Gross Unrealized Losses And Fair Value [Abstract]
Fair Value Less Than 12 Months	1,500
Unrealized Losses Less Than 12 Months	(20)
Fair Value Total	1,500
Unrealized Losses Total	(20)
Other [Member]
Continuous Gross Unrealized Losses And Fair Value [Abstract]
Fair Value Less Than 12 Months	6
Fair Value Total	$ 6

Investment Securities - Amortiz

Investment Securities - Amortized Cost, Fair Value and Yield by Maturity Date (Detail) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2021		Dec. 31, 2020
Contractual Maturities of Investment Securities [Line Items]
Available-for-sale securities, Amortized Cost		$ 132,241	[1]	$ 133,611
Available-for-sale securities, total, fair value	[2]	$ 132,963	[1]	$ 136,840
Available-for-sale securities, total, weighted-average maturity in years		5 years 6 months	[1]	3 years 4 months 24 days
Available-for-sale securities, total, weighted-average yield		1.73%	[1],[3]	1.61%
Held-to-maturity securities, Amortized Cost	[4]	$ 41,858
Held-to-maturity securities, total, fair value	[4]	$ 41,812
Held-to-maturity securities, total, weighted-average maturity in years	[4]	7 years 4 months 24 days
Held-to-maturity securities, total, weighted-average yield	[3],[4]	1.45%
U.S. Treasury and Agencies [Member]
Contractual Maturities of Investment Securities [Line Items]
Available-for-sale securities, maturing in one year or less, amortized cost		$ 2,724
Available-for-sale securities, maturing after one year through five years, amortized cost		8,400
Available-for-sale securities, maturing after five years through ten years, amortized cost		22,469
Available-for-sale securities, maturing after ten years, amortized cost		3,055
Available-for-sale securities, Amortized Cost		36,648		$ 21,954
Available-for-sale securities, maturing in one year or less, fair value		2,744
Available-for-sale securities, maturing after one year through five years, fair value		8,483
Available-for-sale securities, maturing after five years through ten years, fair value		22,378
Available-for-sale securities, maturing after ten years, fair value		3,004
Available-for-sale securities, total, fair value		$ 36,609		22,391
Available-for-sale securities, maturing in one year or less, weighted-average maturity in years		7 months 6 days
Available-for-sale securities, maturing after one year through five years, weighted-average maturity in years		2 years 10 months 24 days
Available-for-sale securities, maturing after five years through ten years, weighted-average maturity in years		8 years 1 month 6 days
Available-for-sale securities, maturing after ten years, weighted- average maturity in years		12 years
Available-for-sale securities, total, weighted-average maturity in years		6 years 8 months 12 days
Available-for-sale securities, maturing in one year or less, weighted-average yield	[3]	1.91%
Available-for-sale securities, maturing after one year through five years, weighted-average yield	[3]	1.52%
Available-for-sale securities, maturing after five years through ten years, weighted-average yield	[3]	1.44%
Available-for-sale securities, maturing after ten years, weighted-average yield	[3]	1.99%
Available-for-sale securities, total, weighted-average yield	[3]	1.54%
Mortgage-Backed Securities [Member]
Contractual Maturities of Investment Securities [Line Items]
Available-for-sale securities, maturing in one year or less, amortized cost	[4]	$ 104
Available-for-sale securities, maturing after one year through five years, amortized cost	[4]	42,711
Available-for-sale securities, maturing after five years through ten years, amortized cost	[4]	42,560
Available-for-sale securities, maturing after ten years, amortized cost	[4]	19
Available-for-sale securities, Amortized Cost	[4]	85,394
Available-for-sale securities, maturing in one year or less, fair value	[4]	104
Available-for-sale securities, maturing after one year through five years, fair value	[4]	43,267
Available-for-sale securities, maturing after five years through ten years, fair value	[4]	42,174
Available-for-sale securities, maturing after ten years, fair value	[4]	19
Available-for-sale securities, total, fair value	[4]	$ 85,564
Available-for-sale securities, maturing in one year or less, weighted-average maturity in years	[4]	8 months 12 days
Available-for-sale securities, maturing after one year through five years, weighted-average maturity in years	[4]	3 years 7 months 6 days
Available-for-sale securities, maturing after five years through ten years, weighted-average maturity in years	[4]	6 years 3 months 18 days
Available-for-sale securities, maturing after ten years, weighted- average maturity in years	[4]	12 years 4 months 24 days
Available-for-sale securities, total, weighted-average maturity in years	[4]	4 years 10 months 24 days
Available-for-sale securities, maturing in one year or less, weighted-average yield	[3],[4]	2.02%
Available-for-sale securities, maturing after one year through five years, weighted-average yield	[3],[4]	1.47%
Available-for-sale securities, maturing after five years through ten years, weighted-average yield	[3],[4]	1.70%
Available-for-sale securities, maturing after ten years, weighted-average yield	[3],[4]	1.24%
Available-for-sale securities, total, weighted-average yield	[3],[4]	1.58%
Held-to-maturity securities, maturing after one year through five years, amortized cost	[4]	$ 2
Held-to-maturity securities, maturing after five years through ten years, amortized cost	[4]	41,856
Held-to-maturity securities, Amortized Cost	[4]	41,858
Held-to-maturity securities, maturing after one year through five years, fair value	[4]	2
Held-to-maturity securities, maturing after five years through ten years, fair value	[4]	41,810
Held-to-maturity securities, total, fair value	[4]	$ 41,812
Held-to-maturity securities, maturing after one year through five years, weighted-average maturity in years	[4]	4 years 9 months 18 days
Held-to-maturity securities, maturing after five years through ten years, weighted-average maturity in years	[4]	7 years 4 months 24 days
Held-to-maturity securities, total, weighted-average maturity in years	[4]	7 years 4 months 24 days
Held-to-maturity securities, maturing after one year through five years, weighted-average yield	[3],[4]	1.69%
Held-to-maturity securities, maturing after five years through ten years, weighted-average yield	[3],[4]	1.45%
Held-to-maturity securities, total, weighted-average yield	[3],[4]	1.45%
Asset-Backed Securities [Member]
Contractual Maturities of Investment Securities [Line Items]
Available-for-sale securities, maturing after one year through five years, amortized cost	[4]	$ 3
Available-for-sale securities, maturing after five years through ten years, amortized cost	[4]	59
Available-for-sale securities, Amortized Cost		62	[4]	200
Available-for-sale securities, maturing after one year through five years, fair value	[4]	4
Available-for-sale securities, maturing after five years through ten years, fair value	[4]	61
Available-for-sale securities, maturing after ten years, fair value	[4]	1
Available-for-sale securities, total, fair value		$ 66	[4]	205
Available-for-sale securities, maturing in one year or less, weighted-average maturity in years	[4]	6 months
Available-for-sale securities, maturing after one year through five years, weighted-average maturity in years	[4]	2 years 7 months 6 days
Available-for-sale securities, maturing after five years through ten years, weighted-average maturity in years	[4]	5 years 3 months 18 days
Available-for-sale securities, maturing after ten years, weighted- average maturity in years	[4]	12 years 10 months 24 days
Available-for-sale securities, total, weighted-average maturity in years	[4]	5 years 2 months 12 days
Available-for-sale securities, maturing in one year or less, weighted-average yield	[3],[4]	2.69%
Available-for-sale securities, maturing after one year through five years, weighted-average yield	[3],[4]	1.62%
Available-for-sale securities, maturing after five years through ten years, weighted-average yield	[3],[4]	1.52%
Available-for-sale securities, maturing after ten years, weighted-average yield	[3],[4]	2.41%
Available-for-sale securities, total, weighted-average yield	[3],[4]	1.53%
Obligations of State and Political Subdivisions [Member]
Contractual Maturities of Investment Securities [Line Items]
Available-for-sale securities, maturing in one year or less, amortized cost	[5],[6]	$ 393
Available-for-sale securities, maturing after one year through five years, amortized cost	[5],[6]	2,954
Available-for-sale securities, maturing after five years through ten years, amortized cost	[5],[6]	6,217
Available-for-sale securities, maturing after ten years, amortized cost	[5],[6]	566
Available-for-sale securities, Amortized Cost		10,130	[5],[6]	8,166
Available-for-sale securities, maturing in one year or less, fair value	[5],[6]	398
Available-for-sale securities, maturing after one year through five years, fair value	[5],[6]	3,178
Available-for-sale securities, maturing after five years through ten years, fair value	[5],[6]	6,579
Available-for-sale securities, maturing after ten years, fair value	[5],[6]	562
Available-for-sale securities, total, fair value		$ 10,717	[5],[6]	8,861
Available-for-sale securities, maturing in one year or less, weighted-average maturity in years	[5],[6]	6 months
Available-for-sale securities, maturing after one year through five years, weighted-average maturity in years	[5],[6]	4 years 1 month 6 days
Available-for-sale securities, maturing after five years through ten years, weighted-average maturity in years	[5],[6]	7 years 2 months 12 days
Available-for-sale securities, maturing after ten years, weighted- average maturity in years	[5],[6]	17 years 8 months 12 days
Available-for-sale securities, total, weighted-average maturity in years	[5],[6]	6 years 7 months 6 days
Available-for-sale securities, maturing in one year or less, weighted-average yield	[3],[5],[6]	4.30%
Available-for-sale securities, maturing after one year through five years, weighted-average yield	[3],[5],[6]	4.25%
Available-for-sale securities, maturing after five years through ten years, weighted-average yield	[3],[5],[6]	3.45%
Available-for-sale securities, maturing after ten years, weighted-average yield	[3],[5],[6]	2.58%
Available-for-sale securities, total, weighted-average yield	[3],[5],[6]	3.67%
Other [Member]
Contractual Maturities of Investment Securities [Line Items]
Available-for-sale securities, maturing after one year through five years, amortized cost		$ 7
Available-for-sale securities, Amortized Cost		7		9
Available-for-sale securities, maturing after one year through five years, fair value		7
Available-for-sale securities, total, fair value		$ 7		$ 9
Available-for-sale securities, maturing after one year through five years, weighted-average maturity in years		3 years 4 months 24 days
Available-for-sale securities, total, weighted-average maturity in years		3 years 4 months 24 days
Available-for-sale securities, maturing after one year through five years, weighted-average yield	[3]	2.07%
Available-for-sale securities, total, weighted-average yield	[3]	2.07%

[1]	The weighted-average maturity of total available-for-sale investment securities was 3.4 years at December 31, 2020, with a corresponding weighted-average yield of 1.61 percent.
[2]	Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.
[3]	Weighted-average yields for obligations of state and political subdivisions are presented on a fully-taxable equivalent basis based on a federal income tax rate of 21 percent. Yields on investment securities are computed based on amortized cost balances, excluding any premiums or discounts recorded related to the transfer of investment securities at fair value from available-for-sale to held-to-maturity.
[4]	Information related to asset and mortgage-backed securities included above is presented based upon weighted-average maturities that take into account anticipated future prepayments.
[5]	Information related to obligations of state and political subdivisions is presented based upon yield to first optional call date if the security is purchased at a premium, and yield to maturity if the security is purchased at par or a discount.
[6]	Maturity calculations for obligations of state and political subdivisions are based on the first optional call date for securities with a fair value above par and the contractual maturity date for securities with a fair value equal to or below par.

Investment Securities - Amort_2

Investment Securities - Amortized Cost, Fair Value and Yield by Maturity Date (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2021		Dec. 31, 2020	Dec. 31, 2019
Contractual Maturities of Investment Securities [Abstract]
Federal statutory rate	21.00%		21.00%	21.00%
Available for sale securities weighted average maturities	5 years 6 months	[1]	3 years 4 months 24 days
Debt securities available for sale weighted average yield	1.73%	[1],[2]	1.61%

[1]	The weighted-average maturity of total available-for-sale investment securities was 3.4 years at December 31, 2020, with a corresponding weighted-average yield of 1.61 percent.
[2]	Weighted-average yields for obligations of state and political subdivisions are presented on a fully-taxable equivalent basis based on a federal income tax rate of 21 percent. Yields on investment securities are computed based on amortized cost balances, excluding any premiums or discounts recorded related to the transfer of investment securities at fair value from available-for-sale to held-to-maturity.

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses - Composition of Loan Portfolio (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 312,028	$ 297,707
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	106,912	97,315
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	112,023	102,871
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	39,053	39,311
Residential Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	76,493	76,155
Other Retail [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	61,959	57,024
Lease Financing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	5,111	5,556
Commercial Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	28,757	28,472
Construction and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	10,296	10,839
Residential Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	67,546	66,525
Home Equity Loans, First Liens [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	8,947	9,630
Credit Card [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	22,500	22,346
Retail Leasing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	7,256	8,150
Home Equity and Second Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	10,446	12,472
Revolving Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	2,750	2,688
Installment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	16,514	13,823
Automobile [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	24,866	19,722
Student [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 127	$ 169

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)MortgageLoanSecurityLoan	Dec. 31, 2020USD ($)
Loans and Allowance for Credit Losses [Line Items]
Loans pledged at the Federal Home Loan Bank	$ 92,100	$ 96,100
Loans pledged at the Federal Reserve Bank	76,900	67,800
Unearned interest and deferred fees and costs on originated loans	475	763
Foreclosed residential real estate property included in other real estate owned	22	23
Foreclosed residential real estate related to mortgage loans whose payments are insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs	22	33
Residential mortgage loans secured by residential real estate in process of foreclosure	$ 696	1,000
Number of residential mortgage loans, home equity and second mortgage loans, and GNMA loans where trial period was unsuccessful and no longer eligible for a permanent modification \| MortgageLoan	17
Outstanding balance of residential mortgage loans, home equity and second mortgage loans, and GNMA loans where trial period was unsuccessful and no longer eligible for a permanent modification	$ 2
Nonperforming loans	834	1,200
Other real estate non-performing	22	24
Non-performing assets other	22	50
Non-performing assets	878	1,300
Commitments to lend additional funds	132
Government National Mortgage Association [Member]
Loans and Allowance for Credit Losses [Line Items]
Residential mortgage loans secured by residential real estate in process of foreclosure	$ 555	$ 812
Home Equity and Second Mortgages [Member]
Loans and Allowance for Credit Losses [Line Items]
Number of loans in trial period \| SecurityLoan	2
Outstanding balance of loans in trial period	$ 1
Estimated post-modification balance of loans in trial period	$ 1
Residential Mortgages [Member]
Loans and Allowance for Credit Losses [Line Items]
Number of loans in trial period \| SecurityLoan	7
Outstanding balance of loans in trial period	$ 1
Estimated post-modification balance of loans in trial period	$ 1
Government National Mortgage Association [Member]
Loans and Allowance for Credit Losses [Line Items]
Number of loans in trial period \| SecurityLoan	34
Outstanding balance of loans in trial period	$ 4
Estimated post-modification balance of loans in trial period	$ 5

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses - Activity in Allowance for Credit Losses by Portfolio Class (Detail) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at beginning of period		$ 8,010	$ 4,491	$ 4,441
Change in accounting principle	[1]		1,499
Provision for credit losses		(1,173)	3,806	1,504
Loans charged-off		1,208	2,180	1,867
Less recoveries of loans charged-off		(526)	(394)	(413)
Net loan charge-offs (recoveries)		682	1,786	1,454
Balance at end of period		6,155	8,010	4,491
Commercial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at beginning of period		2,423	1,484	1,454
Change in accounting principle	[1]		378
Provision for credit losses		(471)	1,074	315
Loans charged-off		222	575	399
Less recoveries of loans charged-off		(119)	(62)	(114)
Net loan charge-offs (recoveries)		103	513	285
Balance at end of period		1,849	2,423	1,484
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at beginning of period		1,544	799	800
Change in accounting principle	[1]		(122)
Provision for credit losses		(419)	1,054	13
Loans charged-off		29	210	21
Less recoveries of loans charged-off		(27)	(23)	(7)
Net loan charge-offs (recoveries)		2	187	14
Balance at end of period		1,123	1,544	799
Residential Mortgages [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at beginning of period		573	433	455
Change in accounting principle	[1]		(30)
Provision for credit losses		(40)	158	(19)
Loans charged-off		18	19	34
Less recoveries of loans charged-off		(50)	(31)	(31)
Net loan charge-offs (recoveries)		(32)	(12)	3
Balance at end of period		565	573	433
Other Retail [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at beginning of period		1,115	647	630
Change in accounting principle	[1]		401
Provision for credit losses		(73)	336	276
Loans charged-off		253	401	385
Less recoveries of loans charged-off		(156)	(132)	(126)
Net loan charge-offs (recoveries)		97	269	259
Balance at end of period		945	1,115	647
Credit Card [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at beginning of period		2,355	1,128	1,102
Change in accounting principle	[1]		872
Provision for credit losses		(170)	1,184	919
Loans charged-off		686	975	1,028
Less recoveries of loans charged-off		(174)	(146)	(135)
Net loan charge-offs (recoveries)		512	829	893
Balance at end of period		$ 1,673	$ 2,355	$ 1,128

[1]	Effective January 1, 2020, the Company adopted accounting guidance which changed impairment recognition of financial instruments to a model that is based on expected losses rather than incurred losses.

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses - Summary of Loans by Portfolio Class, Including Delinquency Status of those that Continue to Accrue Interest and are Nonperforming (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	$ 312,028	$ 297,707
Current [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	309,520	294,716
Accruing 30-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	1,202	1,290
Accruing 90 Days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	472	477
Nonperforming [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	834	1,224
Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	112,023	102,871
Commercial [Member] \| Current [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	111,270	102,127
Commercial [Member] \| Accruing 30-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	530	314
Commercial [Member] \| Accruing 90 Days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	49	55
Commercial [Member] \| Nonperforming [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	174	375
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	39,053	39,311
Commercial Real Estate [Member] \| Current [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	38,678	38,676
Commercial Real Estate [Member] \| Accruing 30-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	80	183
Commercial Real Estate [Member] \| Accruing 90 Days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	11	2
Commercial Real Estate [Member] \| Nonperforming [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	284	450
Residential Mortgages [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	76,493	76,155
Residential Mortgages [Member] \| Current [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	75,962	75,529
Residential Mortgages [Member] \| Accruing 30-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	124	244
Residential Mortgages [Member] \| Accruing 90 Days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	181	137
Residential Mortgages [Member] \| Nonperforming [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	226	245
Other Retail [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	61,959	57,024
Other Retail [Member] \| Current [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	61,468	56,466
Other Retail [Member] \| Accruing 30-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	275	318
Other Retail [Member] \| Accruing 90 Days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	66	86
Other Retail [Member] \| Nonperforming [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	150	154
Credit Card [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	22,500	22,346
Credit Card [Member] \| Current [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	22,142	21,918
Credit Card [Member] \| Accruing 30-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	193	231
Credit Card [Member] \| Accruing 90 Days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	$ 165	$ 197

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses - Summary of Loans by Portfolio Class, Including Delinquency Status of those that Continue to Accrue Interest and are Nonperforming (Parenthetical) (Detail) - Government National Mortgage Association [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-89 days past due purchased from Government National Mortgage Association mortgage pools, classified as current	$ 791	$ 1,400
Loans 90 days or more past due purchased from Government National Mortgage Association mortgage pools, classified as current	1,500	1,800
Interest income on nonperforming loans	16	23
Interest income on nonperforming loans if based on original contractual terms	$ 34	$ 45

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses - Summary of Loans by Portfolio Class and Company's Internal Credit Quality Rating (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 312,028	$ 297,707
Total outstanding commitments	671,419	645,752
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	306,471	285,957
Total outstanding commitments	662,363	627,606
Special Mention Criticized [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,684	4,278
Total outstanding commitments	3,372	8,772
Classified Criticized [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	3,873	7,472
Total outstanding commitments	5,684	9,374
Total Criticized [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,557	11,750
Total outstanding commitments	9,056	18,146
Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Originated in 2021	51,829
Originated in 2020	14,528	37,645
Originated in 2019	10,364	18,485
Originated in 2018	5,161	12,876
Originated in 2017	2,189	5,644
Originated prior to 2017	2,845	5,197
Revolving	25,107	23,024
Total loans	112,023	102,871
Commercial [Member] \| Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Originated in 2021	51,155
Originated in 2020	14,091	34,557
Originated in 2019	10,159	17,867
Originated in 2018	5,122	12,349
Originated in 2017	2,149	5,257
Originated prior to 2017	2,774	4,954
Revolving	24,722	22,445
Total loans	110,172	97,429
Commercial [Member] \| Special Mention Criticized [Member]
Financing Receivable, Recorded Investment [Line Items]
Originated in 2021	387
Originated in 2020	304	1,335
Originated in 2019	151	269
Originated in 2018	3	351
Originated in 2017	2	117
Originated prior to 2017	28	128
Revolving	268	299
Total loans	1,143	2,499
Commercial [Member] \| Classified Criticized [Member]
Financing Receivable, Recorded Investment [Line Items]
Originated in 2021	287
Originated in 2020	133	1,753
Originated in 2019	54	349
Originated in 2018	36	176
Originated in 2017	38	270
Originated prior to 2017	43	115
Revolving	117	280
Total loans	708	2,943
Commercial [Member] \| Total Criticized [Member]
Financing Receivable, Recorded Investment [Line Items]
Originated in 2021	674
Originated in 2020	437	3,088
Originated in 2019	205	618
Originated in 2018	39	527
Originated in 2017	40	387
Originated prior to 2017	71	243
Revolving	385	579
Total loans	1,851	5,442
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Originated in 2021	14,360
Originated in 2020	7,920	11,044
Originated in 2019	7,229	10,973
Originated in 2018	3,254	7,103
Originated in 2017	1,813	3,188
Originated prior to 2017	2,939	5,311
Revolving	1,538	1,692
Total loans	39,053	39,311
Commercial Real Estate [Member] \| Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Originated in 2021	13,364
Originated in 2020	7,459	9,446
Originated in 2019	6,368	9,514
Originated in 2018	2,996	6,053
Originated in 2017	1,662	2,650
Originated prior to 2017	2,811	4,762
Revolving	1,494	1,445
Total loans	36,154	33,870
Commercial Real Estate [Member] \| Special Mention Criticized [Member]
Financing Receivable, Recorded Investment [Line Items]
Originated in 2021	6
Originated in 2020	198	461
Originated in 2019	251	454
Originated in 2018	29	411
Originated in 2017	38	198
Originated prior to 2017	17	240
Revolving	1	9
Total loans	540	1,773
Commercial Real Estate [Member] \| Classified Criticized [Member]
Financing Receivable, Recorded Investment [Line Items]
Originated in 2021	990
Originated in 2020	263	1,137
Originated in 2019	610	1,005
Originated in 2018	229	639
Originated in 2017	113	340
Originated prior to 2017	111	309
Revolving	43	238
Total loans	2,359	3,668
Commercial Real Estate [Member] \| Total Criticized [Member]
Financing Receivable, Recorded Investment [Line Items]
Originated in 2021	996
Originated in 2020	461	1,598
Originated in 2019	861	1,459
Originated in 2018	258	1,050
Originated in 2017	151	538
Originated prior to 2017	128	549
Revolving	44	247
Total loans	2,899	5,441
Residential Mortgages [Member]
Financing Receivable, Recorded Investment [Line Items]
Originated in 2021	29,885
Originated in 2020	15,957	23,266
Originated in 2019	6,974	13,987
Originated in 2018	2,919	5,693
Originated in 2017	3,826	6,943
Originated prior to 2017	16,931	26,265
Revolving	1	1
Total loans	76,493	76,155
Residential Mortgages [Member] \| Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Originated in 2021	29,882
Originated in 2020	15,948	23,262
Originated in 2019	6,938	13,969
Originated in 2018	2,889	5,670
Originated in 2017	3,796	6,918
Originated prior to 2017	16,619	25,921
Revolving	1	1
Total loans	76,073	75,741
Residential Mortgages [Member] \| Special Mention Criticized [Member]
Financing Receivable, Recorded Investment [Line Items]
Originated in 2020	1	1
Originated in 2019		1
Originated in 2018		1
Originated in 2017		1
Originated prior to 2017		2
Total loans	1	6
Residential Mortgages [Member] \| Classified Criticized [Member]
Financing Receivable, Recorded Investment [Line Items]
Originated in 2021	3
Originated in 2020	8	3
Originated in 2019	36	17
Originated in 2018	30	22
Originated in 2017	30	24
Originated prior to 2017	312	342
Total loans	419	408
Residential Mortgages [Member] \| Total Criticized [Member]
Financing Receivable, Recorded Investment [Line Items]
Originated in 2021	3
Originated in 2020	9	4
Originated in 2019	36	18
Originated in 2018	30	23
Originated in 2017	30	25
Originated prior to 2017	312	344
Total loans	420	414
Other Retail [Member]
Financing Receivable, Recorded Investment [Line Items]
Originated in 2021	22,461
Originated in 2020	12,080	17,596
Originated in 2019	7,240	11,628
Originated in 2018	3,299	6,841
Originated in 2017	1,735	3,901
Originated prior to 2017	1,988	3,760
Revolving	12,644	12,757
Revolving converted to term	512	541
Total loans	61,959	57,024
Other Retail [Member] \| Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Originated in 2021	22,455
Originated in 2020	12,071	17,589
Originated in 2019	7,223	11,605
Originated in 2018	3,285	6,814
Originated in 2017	1,726	3,879
Originated prior to 2017	1,973	3,731
Revolving	12,532	12,647
Revolving converted to term	472	503
Total loans	61,737	56,768
Other Retail [Member] \| Classified Criticized [Member]
Financing Receivable, Recorded Investment [Line Items]
Originated in 2021	6
Originated in 2020	9	7
Originated in 2019	17	23
Originated in 2018	14	27
Originated in 2017	9	22
Originated prior to 2017	15	29
Revolving	112	110
Revolving converted to term	40	38
Total loans	222	256
Other Retail [Member] \| Total Criticized [Member]
Financing Receivable, Recorded Investment [Line Items]
Originated in 2021	6
Originated in 2020	9	7
Originated in 2019	17	23
Originated in 2018	14	27
Originated in 2017	9	22
Originated prior to 2017	15	29
Revolving	112	110
Revolving converted to term	40	38
Total loans	222	256
Credit Card [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	22,500	22,346
Credit Card [Member] \| Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	22,335	22,149
Credit Card [Member] \| Classified Criticized [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	165	197
Credit Card [Member] \| Total Criticized [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 165	$ 197

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses - Summary of Loans by Portfolio Class and Company's Internal Credit Quality Rating (Parenthetical) (Detail) - Government National Mortgage Association [Member] - USD ($) $ in Billions	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Recorded Investment [Line Items]
Restructured GNMA loans,classified with a pass rating	$ 1.1	$ 1.4
GNMA loans 90 days or more past due, classified with a pass rating	$ 1.5	$ 1.8

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses - Summary of Loans Modified as TDRs (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)SecurityLoan	Dec. 31, 2020USD ($)SecurityLoan	Dec. 31, 2019USD ($)SecurityLoan
Financing Receivable, Modifications [Line Items]
Number of Loans \| SecurityLoan	33,429	36,954	47,454
Pre-Modification Outstanding Loan Balance	$ 1,214	$ 2,211	$ 1,664
Post-Modification Outstanding Loan Balance	$ 1,193	$ 2,021	$ 1,612
Commercial [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans \| SecurityLoan	2,156	3,423	3,445
Pre-Modification Outstanding Loan Balance	$ 140	$ 628	$ 376
Post-Modification Outstanding Loan Balance	$ 127	$ 493	$ 359
Commercial Real Estate [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans \| SecurityLoan	112	149	136
Pre-Modification Outstanding Loan Balance	$ 193	$ 262	$ 129
Post-Modification Outstanding Loan Balance	$ 179	$ 218	$ 125
Residential Mortgages [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans \| SecurityLoan	977	1,176	417
Pre-Modification Outstanding Loan Balance	$ 329	$ 402	$ 55
Post-Modification Outstanding Loan Balance	$ 328	$ 401	$ 54
Other Retail [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans \| SecurityLoan	2,576	4,027	2,952
Pre-Modification Outstanding Loan Balance	$ 74	$ 117	$ 63
Post-Modification Outstanding Loan Balance	$ 67	$ 114	$ 61
Credit Card [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans \| SecurityLoan	25,297	23,549	34,247
Pre-Modification Outstanding Loan Balance	$ 144	$ 135	$ 185
Post-Modification Outstanding Loan Balance	$ 146	$ 136	$ 186
Total Loans, Excluding Loans Purchased from GNMA Mortgage Pools [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans \| SecurityLoan	31,118	32,324	41,197
Pre-Modification Outstanding Loan Balance	$ 880	$ 1,544	$ 808
Post-Modification Outstanding Loan Balance	$ 847	$ 1,362	$ 785
Government National Mortgage Association [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans \| SecurityLoan	2,311	4,630	6,257
Pre-Modification Outstanding Loan Balance	$ 334	$ 667	$ 856
Post-Modification Outstanding Loan Balance	$ 346	$ 659	$ 827

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses - Summary of Loans Modified as TDRs in the Past Twelve Months that have Subsequently Defaulted (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)SecurityLoan	Dec. 31, 2020USD ($)SecurityLoan	Dec. 31, 2019USD ($)SecurityLoan
Financing Receivable, Modifications [Line Items]
Number of Loans \| SecurityLoan	9,771	8,729	10,863
Amount Defaulted \| $	$ 128	$ 220	$ 266
Commercial [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans \| SecurityLoan	1,084	1,148	1,040
Amount Defaulted \| $	$ 32	$ 80	$ 46
Commercial Real Estate [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans \| SecurityLoan	16	50	36
Amount Defaulted \| $	$ 7	$ 30	$ 24
Residential Mortgages [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans \| SecurityLoan	81	38	137
Amount Defaulted \| $	$ 9	$ 5	$ 15
Other Retail [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans \| SecurityLoan	714	307	380
Amount Defaulted \| $	$ 11	$ 4	$ 10
Credit Card [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans \| SecurityLoan	7,700	6,688	8,273
Amount Defaulted \| $	$ 43	$ 35	$ 40
Total Loans, Excluding Loans Purchased from GNMA Mortgage Pools [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans \| SecurityLoan	9,595	8,231	9,866
Amount Defaulted \| $	$ 102	$ 154	$ 135
Government National Mortgage Association [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans \| SecurityLoan	176	498	997
Amount Defaulted \| $	$ 26	$ 66	$ 131

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating Leased Assets [Line Items]
Lease revenue	$ 888	$ 952	$ 996
Right of use lease assets	1,200	1,100
Lease liabilities	1,300	1,300
Lease cost	$ 364	$ 374	$ 394

Leases - Components of Net Inve

Leases - Components of Net Investment in Sales - Type and Direct Financing Leases (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Net Investment in Leases [Abstract]
Lease receivables	$ 10,738	$ 11,890
Unguaranteed residual values accruing to the lessor's benefit	1,610	1,787
Total net investment in sales-type and direct financing leases	$ 12,348	$ 13,677

Leases - Contractual Future Lea

Leases - Contractual Future Lease Payments to be Received (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Sales-type and direct finance leases, 2022	$ 3,926
Sales-type and direct finance leases, 2023	3,293
Sales-type and direct finance leases, 2024	2,402
Sales-type and direct finance leases, 2025	963
Sales-type and direct finance leases, 2026	281
Sales-type and direct finance leases, thereafter	540
Sales-type and direct finance leases, lease payments	11,405
Sales-type and direct finance leases, amounts representing interest	(667)
Sales-type and direct finance leases, lease receivables	10,738	$ 11,890
Operating leases, 2022	136
Operating leases, 2023	104
Operating leases, 2024	68
Operating leases, 2025	44
Operating leases, 2026	15
Operating leases, thereafter	8
Operating leases, lease payments	$ 375

Leases - Summary of Amounts Rel

Leases - Summary of Amounts Relevant to Company's Assets Leased for Use in its Operations (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$ 288	$ 305	$ 302
Operating cash flows from finance leases	5	6	7
Financing cash flows from finance leases	12	12	10
Right of use assets obtained in exchange for new operating lease liabilities	164	128	134
Right of use assets obtained in exchange for new finance lease liabilities	$ 75	$ 6	$ 10

Leases - Summary of Weighted-Av

Leases - Summary of Weighted-Average Remaining Lease Terms and Discount Rates (Detail)	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Weighted-average remaining lease term of operating leases (in years)	7 years	7 years
Weighted-average remaining lease term of finance leases (in years)	9 years 6 months	9 years 7 months 6 days
Weighted-average discount rate of operating leases	2.70%	3.00%
Weighted-average discount rate of finance leases	9.30%	12.50%

Leases - Schedule of Contractua

Leases - Schedule of Contractual Future Lease Obligations (Detail) $ in Millions	Dec. 31, 2021USD ($)
Contractual Obligation, Fiscal Year Maturity Schedule [Abstract]
Operating leases, 2022	$ 278
Operating leases, 2023	240
Operating leases, 2024	194
Operating leases, 2025	145
Operating leases, 2026	105
Operating leases, Thereafter	329
Operating leases	1,291
Operating leases, amounts representing interest	$ (121)
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Operating leases, lease liabilities
Operating leases, lease liabilities	$ 1,170
Finance leases, 2022	27
Finance leases, 2023	27
Finance leases, 2024	24
Finance leases, 2025	16
Finance leases, 2026	10
Finance leases, thereafter	32
Finance leases	136
Finance leases, Amounts representing interest	(23)
Finance leases, lease liabilities	$ 113
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Finance leases, lease liabilities

Accounting for Transfers and _3

Accounting for Transfers and Servicing of Financial Assets and Variable Interest Entities - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Variable Interest Entity [Line Items]
Assets related to consolidated VIEs	$ 573,284	$ 553,905
Liabilities related to consolidated VIEs	517,897	500,180
Community Development And Tax Advantaged Investments [Member]
Variable Interest Entity [Line Items]
Federal and state income tax credits recognized in tax expense	508	578	$ 615
Expense related to investments	468	545	557
Investment tax credits	418	414	506
Expenses related to investments recognized in tax expense	336	367	318
Financial Support Waived Fees [Member]
Variable Interest Entity [Line Items]
Financial or other support to money market funds	250	89	$ 30
Variable Interest Entity Not Primary Beneficiary [Member] \| Private Investment Funds and Partnerships [Member]
Variable Interest Entity [Line Items]
Maximum exposure to loss	84	57
Assets related to consolidated VIEs	40	35
Variable Interest Entity Not Primary Beneficiary [Member] \| Community Development And Tax Advantaged Investments [Member]
Variable Interest Entity [Line Items]
Maximum exposure to loss	9,899	11,219
Assets related to consolidated VIEs	4,484	5,378
Liabilities related to consolidated VIEs	1,890	2,334
Variable Interest Entity Not Primary Beneficiary [Member] \| Minimum [Member]
Variable Interest Entity [Line Items]
Aggregate amount of investments in unconsolidated VIEs	1	1
Variable Interest Entity Not Primary Beneficiary [Member] \| Maximum [Member]
Variable Interest Entity [Line Items]
Aggregate amount of investments in unconsolidated VIEs	75	78
Variable Interest Entity Primary Beneficiary [Member] \| Community Development And Tax Advantaged Investments [Member]
Variable Interest Entity [Line Items]
Assets related to consolidated VIEs	5,000	4,900
Liabilities related to consolidated VIEs	3,400	3,700
Variable Interest Entity Primary Beneficiary [Member] \| Tender Option Bond Program [Member]
Variable Interest Entity [Line Items]
Assets related to consolidated VIEs	1,700	2,400
Liabilities related to consolidated VIEs	$ 1,200	$ 1,500

Accounting for Transfers and _4

Accounting for Transfers and Servicing of Financial Assets and Variable Interest Entities - Summary of Investments in Community Development and Tax-advantaged VIEs (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Variable Interest Entity [Line Items]
Investment carrying amount	$ 573,284	$ 553,905
Unfunded capital and other commitments	517,897	500,180
Variable Interest Entity Not Primary Beneficiary [Member] \| Community Development And Tax Advantaged Investments [Member]
Variable Interest Entity [Line Items]
Investment carrying amount	4,484	5,378
Unfunded capital and other commitments	1,890	2,334
Maximum exposure to loss	$ 9,899	$ 11,219

Premises and Equipment - Premis

Premises and Equipment - Premises and Equipment (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Gross Premises and Equipment	$ 8,253	$ 8,618
Less accumulated depreciation and amortization	(4,948)	(5,150)
Total Premises and Equipment	3,305	3,468
Land [Member]
Property, Plant and Equipment [Line Items]
Gross Premises and Equipment	445	487
Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Gross Premises and Equipment	3,161	3,519
Furniture, Fixtures and Equipment [Member]
Property, Plant and Equipment [Line Items]
Gross Premises and Equipment	3,438	3,439
Right of Use Assets on Operating Leases [Member]
Property, Plant and Equipment [Line Items]
Gross Premises and Equipment	1,014	1,038
Right of Use Assets on Finance Leases [Member]
Property, Plant and Equipment [Line Items]
Gross Premises and Equipment	172	110
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Gross Premises and Equipment	$ 23	$ 25

Mortgage Servicing Rights - Add

Mortgage Servicing Rights - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Transfers and Servicing of Financial Assets [Abstract]
Residential mortgage loans serviced for others including subserviced mortgages with no corresponding MSRs asset	$ 222,400	$ 211,800
Gain (Loss) on fair value changes of MSRs due to changes in valuation assumptions and derivatives used to economically hedge MSRs	(183)	18	$ (24)
Loan servicing and ancillary fees	$ 725	$ 718	$ 734

Mortgage Servicing Rights - Cha

Mortgage Servicing Rights - Changes in Fair Value of Capitalized MSRs (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Transfers and Servicing of Financial Assets [Abstract]
Balance at beginning of period	$ 2,210	$ 2,546	$ 2,791
Rights purchased	42	34	20
Rights capitalized	1,136	1,030	559
Rights sold	2	3	5
Changes in fair value of MSRs
Due to fluctuations in market interest rates	272	(719)	(390)
Due to revised assumptions or models	(196)	(12)	23
Other changes in fair value	(513)	(672)	(462)
Balance at end of period	$ 2,953	$ 2,210	$ 2,546

Mortgage Servicing Rights - Sen

Mortgage Servicing Rights - Sensitivity to Changes in Interest Rates of the Fair Value of MSR Portfolio and Related Derivative Instruments (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Down Scenario [Member] \| Mortgage Servicing Rights [Member]
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]
Net fair value 100 basis points	$ (636)	$ (442)
Net fair value 50 basis points	(324)	(271)
Net fair value 25 basis points	(160)	(150)
Down Scenario [Member] \| Derivative [Member]
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]
Net fair value 100 basis points	614	523
Net fair value 50 basis points	309	281
Net fair value 25 basis points	152	145
Down Scenario [Member] \| Net Sensitivity [Member]
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]
Net fair value 100 basis points	(22)	81
Net fair value 50 basis points	(15)	10
Net fair value 25 basis points	(8)	(5)
Up Scenario [Member] \| Mortgage Servicing Rights [Member]
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]
Net fair value 100 basis points	511	671
Net fair value 50 basis points	287	343
Net fair value 25 basis points	150	169
Up Scenario [Member] \| Derivative [Member]
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]
Net fair value 100 basis points	(536)	(625)
Net fair value 50 basis points	(278)	(304)
Net fair value 25 basis points	(142)	(149)
Up Scenario [Member] \| Net Sensitivity [Member]
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]
Net fair value 100 basis points	(25)	46
Net fair value 50 basis points	9	39
Net fair value 25 basis points	$ 8	$ 20

Mortgage Servicing Rights - MSR

Mortgage Servicing Rights - MSRs and Related Characteristics by Portfolio (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)BasisPointMultiple	Dec. 31, 2020USD ($)BasisPointMultiple	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Servicing Assets at Fair Value [Line Items]
Fair value	$ 2,953	$ 2,210	$ 2,546	$ 2,791
Mortgage Servicing Rights [Member]
Servicing Assets at Fair Value [Line Items]
Servicing portfolio	218,953	208,955
Fair value	$ 2,953	$ 2,210
Value (bps) \| BasisPoint	135	106
Weighted-average servicing fees (bps) \| BasisPoint	32	32
Multiple (value/servicing fees) \| Multiple	4.18	3.26
Weighted-average note rate	3.56%	3.92%
Weighted-average age (in years)	3 years 8 months 12 days	4 years 3 months 18 days
Prepayment (constant prepayment rate)	10.30%	14.40%
Weighted-average expected life (in years)	6 years 8 months 12 days	5 years 4 months 24 days
Weighted-average option adjusted spread	6.60%	6.60%
HFA [Member] \| Mortgage Servicing Rights [Member]
Servicing Assets at Fair Value [Line Items]
Servicing portfolio	$ 40,652	$ 40,396
Fair value	$ 527	$ 406
Value (bps) \| BasisPoint	130	101
Weighted-average servicing fees (bps) \| BasisPoint	36	35
Multiple (value/servicing fees) \| Multiple	3.63	2.87
Weighted-average note rate	4.07%	4.43%
Weighted-average age (in years)	3 years 9 months 18 days	3 years 9 months 18 days
Prepayment (constant prepayment rate)	11.50%	14.10%
Weighted-average expected life (in years)	6 years 6 months	5 years 7 months 6 days
Weighted-average option adjusted spread	7.30%	7.70%
Government Insured [Member] \| Mortgage Servicing Rights [Member]
Servicing Assets at Fair Value [Line Items]
Servicing portfolio	$ 21,919	$ 25,474
Fair value	$ 308	$ 261
Value (bps) \| BasisPoint	141	102
Weighted-average servicing fees (bps) \| BasisPoint	41	40
Multiple (value/servicing fees) \| Multiple	3.43	2.56
Weighted-average note rate	3.70%	3.91%
Weighted-average age (in years)	5 years 10 months 24 days	5 years 7 months 6 days
Prepayment (constant prepayment rate)	13.20%	18.00%
Weighted-average expected life (in years)	5 years 7 months 6 days	4 years 3 months 18 days
Weighted-average option adjusted spread	7.30%	7.30%
Conventional [Member] \| Mortgage Servicing Rights [Member]
Servicing Assets at Fair Value [Line Items]
Servicing portfolio	$ 156,382	$ 143,085
Fair value	$ 2,118	$ 1,543
Value (bps) \| BasisPoint	135	108
Weighted-average servicing fees (bps) \| BasisPoint	30	30
Multiple (value/servicing fees) \| Multiple	4.50	3.55
Weighted-average note rate	3.41%	3.78%
Weighted-average age (in years)	3 years 3 months 18 days	4 years 2 months 12 days
Prepayment (constant prepayment rate)	9.60%	13.80%
Weighted-average expected life (in years)	6 years 10 months 24 days	5 years 6 months
Weighted-average option adjusted spread	6.30%	6.20%

Intangible Assets - Intangible

Intangible Assets - Intangible Assets (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 10,262	$ 9,918	$ 9,655	$ 9,369
Mortgage servicing rights	2,953	2,210	$ 2,546	$ 2,791
Total	14,000	12,782
Merchant Processing Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets	195	235
Core Deposit Benefits [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets	49	64
Trust Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets	62	19
Other Identified Intangibles [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets	$ 479	$ 336

Intangible Assets - Aggregate A

Intangible Assets - Aggregate Amortization Expense (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	$ 159	$ 176	$ 168
Merchant Processing Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	45	49	45
Core Deposit Benefits [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	15	18	22
Trust Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	10	9	10
Other Identified Intangibles [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	$ 89	$ 100	$ 91

Intangible Assets - Estimated A

Intangible Assets - Estimated Amortization Expense (Detail) $ in Millions	Dec. 31, 2021USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2022	$ 154
2023	111
2024	89
2025	63
2026	$ 50

Intangible Assets - Changes in

Intangible Assets - Changes in Carrying Value of Goodwill (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Goodwill [Line Items]
Goodwill, Beginning Balance	$ 9,918	$ 9,655	$ 9,369
Goodwill acquired	371	180	285
Foreign exchange translation and other	(27)	83	1
Goodwill, Ending Balance	10,262	9,918	9,655
Corporate and Commercial Banking [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	1,647	1,647	1,647
Foreign exchange translation and other	265
Goodwill, Ending Balance	1,912	1,647	1,647
Consumer and Business Banking [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	3,475	3,475	3,475
Goodwill acquired	35
Foreign exchange translation and other	(265)
Goodwill, Ending Balance	3,245	3,475	3,475
Wealth Management and Investment Services [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	1,619	1,617	1,618
Goodwill acquired	144
Foreign exchange translation and other	(2)	2	(1)
Goodwill, Ending Balance	1,761	1,619	1,617
Payment Services [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	3,177	2,916	2,629
Goodwill acquired	192	180	285
Foreign exchange translation and other	(25)	81	2
Goodwill, Ending Balance	$ 3,344	$ 3,177	$ 2,916

Deposits - Composition of Depos

Deposits - Composition of Deposits (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Banking and Thrift, Interest [Abstract]
Noninterest-bearing deposits	$ 134,901	$ 118,089
Interest-bearing deposits
Interest checking	115,108	95,894
Money market savings	117,619	128,058
Savings accounts	65,790	57,035
Time deposits	22,665	30,694
Total interest-bearing deposits	321,182	311,681
Total deposits	$ 456,083	$ 429,770

Deposits - Maturities of Time D

Deposits - Maturities of Time Deposits Outstanding (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Banking and Thrift, Interest [Abstract]
2022	$ 17,637
2023	2,298
2024	1,640
2025	655
2026	434
Thereafter	1
Total	$ 22,665	$ 30,694

Short-Term Borrowings - Summary

Short-Term Borrowings - Summary of Short-Term Borrowings (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Short-term Debt [Line Items]
Short-term borrowings	$ 11,796	$ 11,766
Federal Funds Purchased [Member]
Short-term Debt [Line Items]
Short-term borrowings	628	777
Securities Sold under Agreements to Repurchase [Member]
Short-term Debt [Line Items]
Short-term borrowings	1,575	1,430
Commercial Paper [Member]
Short-term Debt [Line Items]
Short-term borrowings	6,026	6,007
Other Short-Term Borrowings [Member]
Short-term Debt [Line Items]
Short-term borrowings	$ 3,567	$ 3,552

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-term Debt (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Long-term debt	$ 32,125	$ 32,125	$ 41,297
Parent Company [Member]
Debt Instrument [Line Items]
Long-term debt	18,902	18,902	20,924
Parent Company [Member] \| Other Debt Issuance Fees and Unrealized Gains and Losses and Deferred Amounts Relating to Derivative Instruments [Member]
Debt Instrument [Line Items]
Long-term debt	472	472	683
Subsidiaries [Member]
Debt Instrument [Line Items]
Long-term debt	13,223	13,223	20,373
Subsidiaries [Member] \| Other Consolidated Community Development and Tax-Advantaged Investment Vies, Capitalized Lease Obligations, Debt Issuance Fees, and Unrealized Gains and Losses and Deferred Amounts Relating to Derivative Instruments [Member]
Debt Instrument [Line Items]
Long-term debt	$ 912	$ 912	1,110
Fixed Rate [Member] \| Parent Company [Member] \| Subordinated Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	2.95%	2.95%
Debt Instrument Maturity Year, End		Dec. 31, 2022
Long-term debt	$ 1,300	$ 1,300	1,300
Fixed Rate [Member] \| Parent Company [Member] \| Subordinated Debt One [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.60%	3.60%
Debt Instrument Maturity Year, End		Dec. 31, 2024
Long-term debt	$ 1,000	$ 1,000	1,000
Fixed Rate [Member] \| Parent Company [Member] \| Subordinated Notes Two [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	7.50%	7.50%
Debt Instrument Maturity Year, End	Dec. 31, 2026
Long-term debt	$ 199	$ 199	199
Fixed Rate [Member] \| Parent Company [Member] \| Subordinated Notes Three [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.10%	3.10%
Debt Instrument Maturity Year, End		Dec. 31, 2026
Long-term debt	$ 1,000	$ 1,000	1,000
Fixed Rate [Member] \| Parent Company [Member] \| Subordinated Debt Four [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.00%	3.00%
Debt Instrument Maturity Year, End		Dec. 31, 2029
Long-term debt	$ 1,000	$ 1,000	1,000
Fixed Rate [Member] \| Parent Company [Member] \| Subordinated Debt Five [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	2.491%	2.491%
Debt Instrument Maturity Year, End		Dec. 31, 2036
Long-term debt	$ 1,300	$ 1,300
Fixed Rate [Member] \| Parent Company [Member] \| Medium-term Notes [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity Year, start		Dec. 31, 2022
Debt Instrument Maturity Year, End		Dec. 31, 2030
Long-term debt	$ 12,631	$ 12,631	15,492
Fixed Rate [Member] \| Parent Company [Member] \| Medium-term Notes [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	0.85%	0.85%
Fixed Rate [Member] \| Parent Company [Member] \| Medium-term Notes [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.95%	3.95%
Fixed Rate [Member] \| Subsidiaries [Member] \| Federal Home Loan Bank Advances [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity Year, start		Dec. 31, 2023
Debt Instrument Maturity Year, End		Dec. 31, 2026
Long-term debt	$ 2	$ 2	1,003
Fixed Rate [Member] \| Subsidiaries [Member] \| Federal Home Loan Bank Advances [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	6.44%	6.44%
Fixed Rate [Member] \| Subsidiaries [Member] \| Federal Home Loan Bank Advances [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	8.25%	8.25%
Fixed Rate [Member] \| Subsidiaries [Member] \| Bank Notes [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity Year, start		Dec. 31, 2022
Debt Instrument Maturity Year, End		Dec. 31, 2025
Long-term debt	$ 5,700	$ 5,700	9,100
Fixed Rate [Member] \| Subsidiaries [Member] \| Bank Notes [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	1.95%	1.95%
Fixed Rate [Member] \| Subsidiaries [Member] \| Bank Notes [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.40%	3.40%
Floating Rate [Member] \| Parent Company [Member] \| Medium-term Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	0.855%	0.855%
Debt Instrument Maturity Year, End		Dec. 31, 2021
Long-term debt			250
Floating Rate [Member] \| Subsidiaries [Member] \| Federal Home Loan Bank Advances [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity Year, start		Dec. 31, 2022
Debt Instrument Maturity Year, End		Dec. 31, 2026
Long-term debt	$ 3,272	$ 3,272	3,272
Floating Rate [Member] \| Subsidiaries [Member] \| Federal Home Loan Bank Advances [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	0.384%	0.384%
Floating Rate [Member] \| Subsidiaries [Member] \| Federal Home Loan Bank Advances [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	0.71%	0.71%
Floating Rate [Member] \| Subsidiaries [Member] \| Bank Notes [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity Year, start		Dec. 31, 2022
Debt Instrument Maturity Year, End		Dec. 31, 2059
Long-term debt	$ 3,337	$ 3,337	$ 5,888
Floating Rate [Member] \| Subsidiaries [Member] \| Bank Notes [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	0.604%	0.604%

Long-Term Debt - Summary of L_2

Long-Term Debt - Summary of Long-term Debt (Parenthetical) (Detail) $ in Billions	Dec. 31, 2021USD ($)
Medium-term Notes [Member]
Debt Instrument [Line Items]
Weighted-average interest rate	2.51%
Federal Home Loan Bank Advances [Member]
Debt Instrument [Line Items]
Weighted-average interest rate	0.65%
Debt instrument, face amount	$ 3.3
Bank Notes [Member]
Debt Instrument [Line Items]
Weighted-average interest rate	1.80%
Debt instrument, face amount	$ 2.3

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($) $ in Billions	Dec. 31, 2021	Dec. 31, 2020
Federal Home Loan Bank and Federal Reserve Bank [Member]
Debt Instrument [Line Items]
Unused Borrowing Capacity under Federal Home Loan Bank and Federal Reserve Bank	$ 101	$ 96.5

Long-Term Debt - Maturities of

Long-Term Debt - Maturities of Long-term Debt Outstanding (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
2022	$ 4,834
2023	3,847
2024	5,768
2025	5,804
2026	4,200
Thereafter	7,672
Total	32,125	$ 41,297
Parent Company [Member]
Debt Instrument [Line Items]
2022	2,311
2023
2024	5,740
2025	2,240
2026	2,685
Thereafter	5,926
Total	$ 18,902	$ 20,924

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2011	Dec. 31, 2006	Jun. 30, 2021	Dec. 31, 2015	Dec. 31, 2012	Dec. 31, 2010
Class of Stock [Line Items]
Number of preferred stock shares authorized	50,000,000	50,000,000
Number of common stock shares authorized	4,000,000,000	4,000,000,000
Number of common stock shares outstanding	1,500,000,000	1,500,000,000
Number of common stock shares reserved for future issuance	36,000,000
Remaining authorized share repurchase amount	$ 3,000
Preferred stock outstanding	225,510	209,510
Stock repurchase program, Shares repurchased during period value								$ 1,500
Series F [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Issued										44,000
Liquidation preference per share										$ 25,000
Issuance costs of redeemed preferred stock	$ (12)
Preferred stock outstanding		44,000
Series K [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Issued			23,000
Liquidation preference per share			$ 25,000
Preferred stock dividend rate fixed percentage			5.50%
Redemption period of preferred stock			90 days
Preferred stock redemption date	Oct. 15, 2023
Preferred stock outstanding	23,000	23,000
Series A [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Issued						6,764					5,746
Liquidation preference per share						$ 100,000
Preferred stock dividend rate fixed percentage						3.50%
Preferred stock dividend rate variable percentage						1.02%
Preferred stock outstanding	12,510	12,510
Series A [Member] \| Noncontrolling Interests [Member]
Class of Stock [Line Items]
Liquidation preference per share							$ 100,000
Preferred stock dividend rate variable percentage							1.147%
Minority interest preferred stock, shares issued							5,000
Number of stock repurchased during period					500
Preferred stock outstanding	4,500
Series B [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Issued							40,000
Liquidation preference per share							$ 25,000
Preferred stock dividend rate fixed percentage							3.50%
Preferred stock dividend rate variable percentage							0.60%
Preferred stock outstanding	40,000	40,000
Series I [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Issued									30,000
Liquidation preference per share									$ 25,000
Issuance costs of redeemed preferred stock	$ (5)
Preferred stock outstanding		30,000
Series J [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Issued				40,000
Liquidation preference per share				$ 25,000
Preferred stock dividend rate fixed percentage				2.914%
Redemption period of preferred stock				90 days
Preferred stock redemption date	Apr. 15, 2027
Preferred stock outstanding	40,000	40,000
Series L [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Issued		20,000
Liquidation preference per share		$ 25,000
Preferred stock dividend rate fixed percentage		3.75%
Redemption period of preferred stock		90 days
Preferred stock redemption date	Jan. 15, 2026
Preferred stock outstanding	20,000	20,000
Series M [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Issued	30,000
Liquidation preference per share	$ 25,000
Preferred stock dividend rate fixed percentage	4.00%
Redemption period of preferred stock	90 days
Preferred stock redemption date	Apr. 15, 2026
Preferred stock outstanding	30,000
Series N [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Issued	60,000
Liquidation preference per share	$ 25,000
Preferred stock dividend rate fixed percentage	3.70%
Redemption period of preferred stock	90 days
Preferred stock redemption date	Jan. 15, 2027
Preferred stock outstanding	60,000
Preferred stock variable dividend rate spread	2.541%

Shareholders' Equity - Number o

Shareholders' Equity - Number of Shares Issued and Outstanding and Carrying Amount of Preferred Stock (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Shares Issued and Outstanding	225,510	209,510
Liquidation Preference	$ 6,576	$ 6,176
Discount	205	193
Carrying Amount	$ 6,371	$ 5,983
Series A [Member]
Class of Stock [Line Items]
Shares Issued and Outstanding	12,510	12,510
Liquidation Preference	$ 1,251	$ 1,251
Discount	145	145
Carrying Amount	$ 1,106	$ 1,106
Series B [Member]
Class of Stock [Line Items]
Shares Issued and Outstanding	40,000	40,000
Liquidation Preference	$ 1,000	$ 1,000
Carrying Amount	$ 1,000	$ 1,000
Series F [Member]
Class of Stock [Line Items]
Shares Issued and Outstanding		44,000
Liquidation Preference		$ 1,100
Discount		12
Carrying Amount		$ 1,088
Series I [Member]
Class of Stock [Line Items]
Shares Issued and Outstanding		30,000
Liquidation Preference		$ 750
Discount		5
Carrying Amount		$ 745
Series J [Member]
Class of Stock [Line Items]
Shares Issued and Outstanding	40,000	40,000
Liquidation Preference	$ 1,000	$ 1,000
Discount	7	7
Carrying Amount	$ 993	$ 993
Series K [Member]
Class of Stock [Line Items]
Shares Issued and Outstanding	23,000	23,000
Liquidation Preference	$ 575	$ 575
Discount	10	10
Carrying Amount	$ 565	$ 565
Series L [Member]
Class of Stock [Line Items]
Shares Issued and Outstanding	20,000	20,000
Liquidation Preference	$ 500	$ 500
Discount	14	14
Carrying Amount	$ 486	$ 486
Series M [Member]
Class of Stock [Line Items]
Shares Issued and Outstanding	30,000
Liquidation Preference	$ 750
Discount	21
Carrying Amount	$ 729
Series N [Member]
Class of Stock [Line Items]
Shares Issued and Outstanding	60,000
Liquidation Preference	$ 1,500
Discount	8
Carrying Amount	$ 1,492

Shareholders' Equity - Number_2

Shareholders' Equity - Number of Shares Issued and Outstanding and Carrying Amount of Preferred Stock (Parenthetical) (Detail) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Equity [Abstract]
Preferred stock, par value	$ 1	$ 1

Shareholders' Equity - Common S

Shareholders' Equity - Common Stock Repurchased (Detail) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Equity [Abstract]
Common stock repurchased shares	28	31	81
Purchase of treasury stock	$ 1,556	$ 1,661	$ 4,515

Shareholders' Equity - Reconcil

Shareholders' Equity - Reconciliation of Transactions Affecting Accumulated Other Comprehensive Income (Loss) Included in Shareholders' Equity (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	$ 322	$ (1,373)	$ (2,322)
Changes in unrealized gains (losses)	(3,698)	2,905	1,693
Changes in unrealized gains (losses)	125	(194)	(229)
Changes in unrealized gains (losses)	400	(401)	(380)
Changes in unrealized gains (losses)	(3,173)	2,310	1,084
Unrealized gains (losses) on held-to-maturity investment securities transferred to available-for-sale			141
Foreign currency translation adjustment	35	2	26
Reclassification to earnings of realized (gains) losses	104	(42)	20
Applicable income taxes	769	(575)	(322)
Balance at end of period	(1,943)	322	(1,373)
Foreign Currency Translation [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(64)	(65)	(84)
Changes in unrealized gains (losses)
Foreign currency translation adjustment	35	2	26
Applicable income taxes	(8)	(1)	(7)
Balance at end of period	(37)	(64)	(65)
Unrealized Gains (Losses) on Retirement Plans [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(1,842)	(1,636)	(1,418)
Changes in unrealized gains (losses)	400	(401)	(380)
Reclassification to earnings of realized (gains) losses	157	125	89
Applicable income taxes	(141)	70	73
Balance at end of period	(1,426)	(1,842)	(1,636)
Unrealized Gains (Losses) on Derivative Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(189)	(51)	112
Changes in unrealized gains (losses)	125	(194)	(229)
Reclassification to earnings of realized (gains) losses	14	10	11
Applicable income taxes	(35)	46	55
Balance at end of period	(85)	(189)	(51)
Unrealized Gains (Losses) on Investment Securities Transferred From Available For Sale to Held To Maturity [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period			14
Transfer of securities from available-for-sale to held-to-maturity	(1,289)
Unrealized gains (losses) on held-to-maturity investment securities transferred to available-for-sale			(9)
Reclassification to earnings of realized (gains) losses	36		(7)
Applicable income taxes	318		2
Balance at end of period	(935)
Unrealized Gains (Losses) on Investment Securities Available-For-Sale [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	2,417	379	(946)
Changes in unrealized gains (losses)	(3,698)	2,905	1,693
Transfer of securities from available-for-sale to held-to-maturity	1,289
Unrealized gains (losses) on held-to-maturity investment securities transferred to available-for-sale			150
Reclassification to earnings of realized (gains) losses	(103)	(177)	(73)
Applicable income taxes	635	(690)	(445)
Balance at end of period	$ 540	$ 2,417	$ 379

Shareholders' Equity - Impact t

Shareholders' Equity - Impact to Net Income for Items Reclassified out of Accumulated Other Comprehensive Income and into Earnings (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Realized gains (losses) on sale of investment securities	$ 103	$ 177	$ 73
Amortization of unrealized gains on securities transferred from available-for-sale to held-to-maturity, Interest income	13,487	14,840	17,494
Realized gains (losses) on derivative hedges	(993)	(2,015)	(4,442)
Actuarial gains (losses) and prior service cost (credit) amortization	(1,207)	(1,833)	(1,618)
Applicable income taxes	(2,181)	(1,066)	(1,648)
Net income (loss)	7,985	4,985	6,946
Reclassification Out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income (loss)	(77)	32	(15)
Reclassification Out of Accumulated Other Comprehensive Income [Member] \| Unrealized Gains (Losses) on investment securities available-for-sale [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Realized gains (losses) on sale of investment securities	103	177	73
Applicable income taxes	(26)	(45)	(18)
Net income (loss)	77	132	55
Reclassification Out of Accumulated Other Comprehensive Income [Member] \| Unrealized gains (losses) on investment securities transferred from available-for-sale to held-to-maturity [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of unrealized gains on securities transferred from available-for-sale to held-to-maturity, Interest income	(36)		7
Applicable income taxes	9		(2)
Net income (loss)	(27)		5
Reclassification Out of Accumulated Other Comprehensive Income [Member] \| Unrealized Gains (Losses) on Derivative Hedges [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Realized gains (losses) on derivative hedges	(14)	(10)	(11)
Applicable income taxes	4	3	3
Net income (loss)	(10)	(7)	(8)
Reclassification Out of Accumulated Other Comprehensive Income [Member] \| Unrealized Gains (Losses) on Retirement Plans [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Actuarial gains (losses) and prior service cost (credit) amortization	(157)	(125)	(89)
Applicable income taxes	40	32	22
Net income (loss)	$ (117)	$ (93)	$ (67)

Shareholders' Equity - Componen

Shareholders' Equity - Components of Company's Regulatory Capital Requirements Under Banking Regulations (Detail) $ in Millions	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Less intangible assets
Qualifying preferred stock	$ 6,371	$ 5,983
Bank Regulatory Capital Requirements
Common equity tier 1 capital as a percent of risk-weighted assets - Minimum capital ratio requirement (%)	7
Tier 1 capital as a percent of risk-weighted assets - Minimum capital ratio requirement	8.5
Total risk-based capital as a percent of risk-weighted assets - Minimum capital ratio requirement	10.5
Tier 1 capital as a percent of adjusted quarterly average assets (leverage ratio) - Minimum capital ratio requirement	4
Tier 1 capital as a percent of total on- and off-balance sheet leverage exposure (total leverage exposure ratio) - Minimum capital ratio requirement	3
Common equity tier 1 capital as a percent of risk-weighted assets - Well capitalized ratio requirement (%)	6.5
Tier 1 capital as a percent of risk-weighted assets - Well capitalized ratio requirement	8
Total risk-based capital as a percent of risk-weighted assets - Well capitalized ratio requirement	10
Tier 1 capital as a percent of adjusted quarterly average assets (leverage ratio) - Well capitalized ratio requirement	5
Tier 1 capital as a percent of total on- and off-balance sheet leverage exposure (total leverage exposure ratio) - Well capitalized ratio requirement	3
U.S. Bancorp [Member] \| Basel III Standardized Approach: [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common shareholders' equity	$ 48,547	47,112
Less intangible assets
Goodwill (net of deferred tax liability)	(9,323)	(9,014)
Other disallowed intangible assets	(785)	(654)
Other	3,262	601
Total common equity tier 1 capital	41,701	38,045
Qualifying preferred stock	6,371	5,983
Noncontrolling interests eligible for tier 1 capital	450	451
Other	(6)	(5)
Total tier 1 capital	48,516	44,474
Eligible portion of allowance for credit losses	4,081	4,905
Subordinated debt and noncontrolling interests eligible for tier 2 capital	3,653	3,223
Total tier 2 capital	7,734	8,128
Total risk-based capital	56,250	52,602
Risk-weighted assets	$ 418,571	$ 393,648
Common equity tier 1 capital as a percent of risk-weighted assets	10	9.7
Tier 1 capital as a percent of risk-weighted assets	11.6	11.3
Total risk-based capital as a percent of risk-weighted assets	13.4	13.4
Tier 1 capital as a percent of adjusted quarterly average assets	8.6	8.3
Tier 1 capital as a percent of total on- and off-balance sheet leverage exposure	6.9	7.3
U.S. Bank National Association [Member] \| Basel III Standardized Approach: [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common shareholders' equity	$ 51,465	$ 52,589
Less intangible assets
Goodwill (net of deferred tax liability)	(9,209)	(9,034)
Other disallowed intangible assets	(754)	(654)
Other	3,498	1,254
Total common equity tier 1 capital	45,000	44,155
Noncontrolling interests eligible for tier 1 capital	450	451
Other	(6)	(6)
Total tier 1 capital	45,444	44,600
Eligible portion of allowance for credit losses	4,081	4,850
Subordinated debt and noncontrolling interests eligible for tier 2 capital	3,600	3,517
Total tier 2 capital	7,681	8,367
Total risk-based capital	53,125	52,967
Risk-weighted assets	$ 412,979	$ 387,388
Common equity tier 1 capital as a percent of risk-weighted assets	10.9	11.4
Tier 1 capital as a percent of risk-weighted assets	11	11.5
Total risk-based capital as a percent of risk-weighted assets	12.9	13.7
Tier 1 capital as a percent of adjusted quarterly average assets	8.2	8.4
Tier 1 capital as a percent of total on- and off-balance sheet leverage exposure	6.6	6.8

Shareholders' Equity - Compon_2

Shareholders' Equity - Components of Company's Regulatory Capital Requirements Under Banking Regulations (Detail) (Parenthetical)	Dec. 31, 2021
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Stress capital buffer requirement	2.5

Earnings Per Share - Components

Earnings Per Share - Components of Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2021		Dec. 31, 2020		Dec. 31, 2019
Earnings Per Share [Abstract]
Net income attributable to U.S. Bancorp	$ 7,963		$ 4,959		$ 6,914
Preferred dividends	(303)	[1]	(304)	[2]	(302)	[3]
Impact of preferred stock call and redemption	(17)	[4]	(13)	[5]
Earnings allocated to participating stock awards	(38)		(21)		(29)
Net income applicable to U.S. Bancorp common shareholders	$ 7,605		$ 4,621		$ 6,583
Average common shares outstanding	1,489		1,509		1,581
Net effect of the exercise and assumed purchase of stock awards	1		1		2
Average diluted common shares outstanding	1,490		1,510		1,583
Earnings per common share	$ 5.11		$ 3.06		$ 4.16
Diluted earnings per common share	$ 5.10		$ 3.06		$ 4.16

[1]	Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series I, Series J, Series K, Series L, Series M and Series N Non-Cumulative Perpetual Preferred Stock of $3,548.61, $887.153, $1,625.00, $232.953, $1,325.00, $1,375.00, $937.50, $952.778 and $202.986, respectively.
[2]	Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series H, Series I, Series J, Series K and Series L Non-Cumulative Perpetual Preferred Stock of $3,558.332, $889.58, $1,625.00, $1,287.52, $1,281.25, $1,325.00, $1,375.00 and $203.13, respectively.
[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 $3,654.95, $887.15, $1,625.00, $1,287.52, $1,281.25, $1,325.00 and $1,375.00, respectively.
[4]	Represents stock issuance costs originally recorded in preferred stock upon the issuance of the Company’s Series I and Series F Preferred Stock that were reclassified to retained earnings on the date the Company announced its intent to redeem the outstanding shares.
[5]	Represents stock issuance costs originally recorded in preferred stock upon the issuance of the Company’s Series H Preferred Stock that were reclassified to retained earnings on the date the Company announced its intent to redeem the outstanding shares.

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares shares in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options outstanding of common shares	2	1

Employee Benefits - Additional

Employee Benefits - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Qualified employees maximum contribution to defined contribution savings plan allowed in percentage of annual compensation	75.00%
Company contribution, percentage company contribution matches of the employee's percentage contribution matched	100.00%
Employee retirement savings plan matching expenses	$ 213	$ 192	$ 179
Vesting service period for defined benefit pension plan	3 years
Global Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Asset allocation for the company's qualified pension plan	30.00%
Domestic Mid-Small Cap Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Asset allocation for the company's qualified pension plan	5.00%
Emerging Markets Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Asset allocation for the company's qualified pension plan	5.00%
Real Estate Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Asset allocation for the company's qualified pension plan	10.00%
Long-duration bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Asset allocation for the company's qualified pension plan	35.00%
Hedge Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Asset allocation for the company's qualified pension plan	5.00%
Private Equity Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Asset allocation for the company's qualified pension plan	10.00%
Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Company contributions to qualified pension and postretirement welfare plan	$ 26	1,153
Plan assets measured at fair value	8,113	7,498	5,838
Pension Plans [Member] \| Qualified Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Company contributions to qualified pension and postretirement welfare plan	0	1,100
Company contributions to pension and postretirement welfare plan in next fiscal year	0	1,100
Pension Plans [Member] \| Nonqualified Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Company contributions to pension and postretirement welfare plan in next fiscal year	26
Pension Plans [Member] \| Hedge Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	450	251
Pension Plans [Member] \| Private Equity Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	814	419
Postretirement Welfare Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Company contributions to qualified pension and postretirement welfare plan	3	5
Company contributions to pension and postretirement welfare plan in next fiscal year	4
Plan assets measured at fair value			$ 84
Management Arrangement With Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	$ 55.3	$ 1,000

Employee Benefits - Summary of

Employee Benefits - Summary of Changes in Projected Benefit Obligation, Plan Assets, Funded Status, Amounts Recognized in Consolidated Balance Sheet and Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Pension Plans [Member]
Change In Projected Benefit Obligation
Benefit obligation at beginning of measurement period	$ 7,805	$ 6,829
Service cost	265	235	$ 192
Interest cost	219	235	249
Plan amendments		(18)
Actuarial (gain) loss	(4)	754
Lump sum settlements	(71)	(55)
Benefit payments	(184)	(175)
Benefit obligation at end of measurement period	8,030	7,805	6,829
Change In Fair Value Of Plan Assets
Balance at beginning of period	7,498	5,838
Actual return on plan assets	844	737
Employer contributions	26	1,153
Lump sum settlements	(71)	(55)
Benefit payments	(184)	(175)
Balance at end of period	8,113	7,498	5,838
Funded (Unfunded) Status	83	(307)
Noncurrent benefit asset	776	369
Current benefit liability	(26)	(27)
Noncurrent benefit liability	(667)	(649)
Recognized amount	83	(307)
Net actuarial (loss) gain	(1,989)	(2,557)
Net prior service credit (cost)	16	18
Recognized amount	(1,973)	(2,539)
Postretirement Welfare Plan [Member]
Change In Projected Benefit Obligation
Benefit obligation at beginning of measurement period	38	47
Interest cost	1	1	2
Participants' contributions	4	6
Actuarial (gain) loss	(2)	(4)
Benefit payments	(7)	(13)
Federal subsidy on benefits paid		1
Benefit obligation at end of measurement period	34	38	47
Change In Fair Value Of Plan Assets
Balance at beginning of period		84
Actual return on plan assets		1
Employer contributions	3	5
Participants' contributions	4	6
Benefit payments	(7)	(13)
Other Changes		(83)
Balance at end of period			$ 84
Funded (Unfunded) Status	(34)	(38)
Current benefit liability	(5)	(5)
Noncurrent benefit liability	(29)	(33)
Recognized amount	(34)	(38)
Net actuarial (loss) gain	58	63
Net prior service credit (cost)	8	11
Recognized amount	$ 66	$ 74

Employee Benefits - Summary o_2

Employee Benefits - Summary of Changes in Projected Benefit Obligation, Plan Assets, Funded Status, Amounts Recognized in Consolidated Balance Sheet and Accumulated Other Comprehensive Income (Loss) (Parenthetical) (Detail) - USD ($) $ in Billions	Dec. 31, 2021	Dec. 31, 2020
Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation for all pension plans	$ 7.3	$ 7.1

Employee Benefits - Pension Pla

Employee Benefits - Pension Plans with Benefit Obligations in Excess of Plan Assets (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Pension Plans with Projected Benefit Obligations in Excess of Plan Assets
Projected benefit obligation	$ 692	$ 676
Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets
Accumulated benefit obligation	$ 631	$ 628

Employee Benefits - Components

Employee Benefits - Components of Net Periodic Benefit Cost and Other Amounts Recognized in Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Pension Plans [Member]
Components Of Net Periodic Benefit Cost
Service cost	$ 265	$ 235	$ 192
Interest cost	219	235	249
Expected return on plan assets	(450)	(403)	(383)
Prior service cost (credit) and transition obligation (asset) amortization	(2)
Actuarial loss (gain) amortization	169	134	98
Net periodic benefit cost	201	201	156
Net actuarial gain (loss) arising during the year	398	(420)	(388)
Net actuarial loss (gain) amortized during the year	169	134	98
Net prior service (cost) credit and transition (obligation) asset arising during the year		18
Net prior service cost (credit) and transition obligation (asset) amortized during the year	(2)
Total recognized in other comprehensive income (loss)	565	(268)	(290)
Total recognized in net periodic benefit cost and other comprehensive income (loss)	364	(469)	(446)
Postretirement Welfare Plan [Member]
Components Of Net Periodic Benefit Cost
Interest cost	1	1	2
Expected return on plan assets		(3)	(3)
Prior service cost (credit) and transition obligation (asset) amortization	(3)	(3)	(3)
Actuarial loss (gain) amortization	(7)	(6)	(6)
Net periodic benefit cost	(9)	(11)	(10)
Net actuarial gain (loss) arising during the year	2	1	7
Net actuarial loss (gain) amortized during the year	(7)	(6)	(6)
Net prior service cost (credit) and transition obligation (asset) amortized during the year	(3)	(3)	(3)
Total recognized in other comprehensive income (loss)	(8)	(8)	(2)
Total recognized in net periodic benefit cost and other comprehensive income (loss)	$ 1	$ 3	$ 8

Employee Benefits - Weighted Av

Employee Benefits - Weighted Average Assumptions to Determine Projected Benefit Obligations (Detail)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Projected Benefit Obligation Assumptions [Member] \| Prior to age 65 [Member]
Health care cost trend rate
Health care cost trend rate	5.75%	6.00%
Projected Benefit Obligation Assumptions [Member] \| After age 65 [Member]
Health care cost trend rate
Health care cost trend rate	5.75%	6.00%
Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.00%	2.75%
Cash balance interest crediting rate	3.00%	3.00%
Rate of compensation increase	3.56%	3.56%
Postretirement Welfare Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	2.37%	1.82%

Employee Benefits - Weighted _2

Employee Benefits - Weighted Average Assumptions to Determine Projected Benefit Obligations (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Prior to age 65 [Member]
Defined Benefit Plan Disclosure [Line Items]
Assumed rate decrease	5.00%	5.00%	5.00%
Health care cost trend rate to decrease Period	2025	2025	2025
After age 65 [Member]
Defined Benefit Plan Disclosure [Line Items]
Assumed rate decrease	5.00%	5.00%	5.00%
Health care cost trend rate to decrease Period	2025	2025	2025
Postretirement Welfare Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Assumed plan duration	5 years 9 months 18 days	6 years 1 month 6 days
Qualified Plan [Member] \| Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Assumed plan duration	17 years 9 months 18 days	18 years 7 months 6 days
Legacy plan [Member] \| Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Assumed plan duration	12 years 2 months 12 days	12 years 10 months 24 days
Nonqualified Plan [Member] \| Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Assumed plan duration	12 years 4 months 24 days	12 years 6 months

Employee Benefits - Weighted _3

Employee Benefits - Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost (Detail)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	2.75%	3.40%	4.45%
Cash balance interest crediting rate	3.00%	3.00%	3.00%
Expected return on plan assets	6.50%	7.25%	7.25%
Rate of compensation increase	3.56%	3.56%	3.52%
Postretirement Welfare Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	2.37%	2.80%	4.05%
Expected return on plan assets		3.50%	3.50%
Net Periodic Benefit Cost Assumptions [Member] \| Prior to age 65 [Member]
Health care cost trend rate
Health care cost trend rate	5.75%	6.25%	6.50%
Net Periodic Benefit Cost Assumptions [Member] \| After age 65 [Member]
Health care cost trend rate
Health care cost trend rate	5.75%	6.25%	10.00%

Employee Benefits - Weighted _4

Employee Benefits - Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Prior to age 65 [Member]
Defined Benefit Plan Disclosure [Line Items]
Assumed rate decrease	5.00%	5.00%	5.00%
Health care cost trend rate to decrease Period	2025	2025	2025
After age 65 [Member]
Defined Benefit Plan Disclosure [Line Items]
Assumed rate decrease	5.00%	5.00%	5.00%
Health care cost trend rate to decrease Period	2025	2025	2025
Net Periodic Benefit Cost Assumptions [Member] \| Postretirement Welfare Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Assumed plan duration	6 years 1 month 6 days	6 years 1 month 6 days
Net Periodic Benefit Cost Assumptions [Member] \| Qualified Plan [Member] \| Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Assumed plan duration	18 years 7 months 6 days	15 years 9 months 18 days
Net Periodic Benefit Cost Assumptions [Member] \| Legacy plan [Member] \| Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Assumed plan duration	12 years 10 months 24 days
Net Periodic Benefit Cost Assumptions [Member] \| Nonqualified Plan [Member] \| Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Assumed plan duration	12 years 6 months	12 years 3 months 18 days

Employee Benefits - Summary o_3

Employee Benefits - Summary of Plan Investment Assets Measured at Fair Value (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Level 3 [Member] \| Other [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	$ 4	$ 6	$ 3	$ 3
Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	8,113	7,498	$ 5,838
Plan assets measured at fair value, excluding assets not classified in fair hierarchy	2,762	3,644
Pension Plans [Member] \| Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	43	975
Pension Plans [Member] \| Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	2,118	2,118
Pension Plans [Member] \| Debt Securities Mutual Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	409	371
Pension Plans [Member] \| Emerging Markets Equity Mutual Fund Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	188	174
Pension Plans [Member] \| Other [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	4	6
Pension Plans [Member] \| Collective Investment Funds Domestic Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	1,958	1,515
Pension Plans [Member] \| Collective Investment Fund Mid-Small Cap Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	433	431
Pension Plans [Member] \| Collective Investment Funds International Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	867	718
Pension Plans [Member] \| Hedge Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	450	251
Pension Plans [Member] \| Private Equity Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	814	419
Pension Plans [Member] \| Domestic Real Estate Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	829	520
Pension Plans [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value, excluding assets not classified in fair hierarchy	1,065	1,869
Pension Plans [Member] \| Level 1 [Member] \| Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	43	975
Pension Plans [Member] \| Level 1 [Member] \| Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	1,022	894
Pension Plans [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value, excluding assets not classified in fair hierarchy	1,693	1,769
Pension Plans [Member] \| Level 2 [Member] \| Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	1,096	1,224
Pension Plans [Member] \| Level 2 [Member] \| Debt Securities Mutual Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	409	371
Pension Plans [Member] \| Level 2 [Member] \| Emerging Markets Equity Mutual Fund Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	188	174
Pension Plans [Member] \| Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value, excluding assets not classified in fair hierarchy	4	6
Pension Plans [Member] \| Level 3 [Member] \| Other [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	$ 4	$ 6

Employee Benefits - Summary o_4

Employee Benefits - Summary of Plan Investment Assets Measured at Fair Value (Parenthetical) (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Collective Investment Fund Mid-Small Cap Equity Securities [Member] \| Domestic Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at fair value	$ 433	$ 431

Employee Benefits - Summarizes

Employee Benefits - Summarizes Changes for Qualified Pension Plan Investment Assets Measured at Fair Value Using Significant Unobservable Inputs (Level 3) (Detail) - Other [Member] - Level 3 [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Balance at beginning of period	$ 6	$ 3	$ 3
Unrealized gains (losses) relating to assets still held at end of year	(2)	3	0
Purchases, sales, and settlements, net	0	0	0
Balance at end of period	$ 4	$ 6	$ 3

Employee Benefits - Expected Fu

Employee Benefits - Expected Future Benefit Payments (Detail) $ in Millions	Dec. 31, 2021USD ($)
Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
2022	$ 264
2023	286
2024	305
2025	357
2026	347
2027-2031	1,975
Postretirement Welfare Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
2022	4
2023	4
2024	4
2025	3
2026	3
2027-2031	$ 11

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Shares available for grant under Company's stock incentive plan (subject to adjustment for forfeitures)	24
Fair value of shares vested	$ 191	$ 182	$ 175
Stock-based compensation expense	207	189	178
Stock-based compensation expense on an after tax basis	155	$ 142	$ 133
Unrecognized compensation cost related to nonvested share-based arrangements granted under plans	$ 155
Unrecognized compensation cost recognized over a weighted-average period as compensation expense	1 year 10 months 24 days
Minimum [Member]
Date of grant exercisable period	10 years
Stock and unit awards vesting period	3 years
Maximum [Member]
Stock and unit awards vesting period	5 years

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock Options Outstanding and Exercised Under Prior and Existing Stock Incentive Plans (Detail) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Stock Options/Shares Outstanding, Weighted-Average Exercise Price, and Additional Disclosures [Abstract]
Stock Options/Shares, Outstanding at Beginning of the Period	5,180,391	5,718,256	9,115,010
Stock Options/Shares, Exercised	(1,281,646)	(513,293)	(3,333,467)
Stock Options/Shares, Cancelled	(8,614)	(24,572)	(63,287)
Stock Options/Shares, Outstanding at End of the Period	3,890,131	5,180,391	5,718,256
Stock Options/Shares, Exercisable at End of Period	3,890,131	4,942,077	4,869,805
Weighted-Average Exercise Price, Outstanding at Beginning of the Period	$ 40.38	$ 39.25	$ 34.52
Weighted-Average Exercise Price, Exercised	33.66	27.48	26.36
Weighted-Average Exercise Price, Cancelled	48.20	45.08	36.74
Weighted-Average Exercise Price, Outstanding at End of the Period	42.58	40.38	39.25
Weighted-Average Exercise Price, Exercisable at End of Period	$ 42.58	$ 39.68	$ 37.67
Weighted-Average Remaining Contractual Term, Outstanding at the End of the Period	3 years 3 months 18 days	3 years 8 months 12 days	4 years 4 months 24 days
Weighted-Average Remaining Contractual Term, Exercisable at End of Period	3 years 3 months 18 days	3 years 7 months 6 days	4 years
Aggregate Intrinsic Value, Outstanding at the End of the Period	$ 53	$ 32	$ 115
Aggregate Intrinsic Value, Exercisable at End of Period	$ 53	$ 34	$ 105

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Certain Stock Option Activity (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Fair value of options vested	$ 3	$ 7	$ 10
Intrinsic value of options exercised	27	11	95
Cash received from options exercised	43	14	88
Tax benefit realized from options exercised	$ 7	$ 3	$ 24

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Options Outstanding Additional Information (Detail)	12 Months Ended
	Dec. 31, 2021$ / sharesshares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Outstanding Options, Shares \| shares	3,890,131
Outstanding Options, Weighted-Average Remaining Contractual Life (Years)	3 years 3 months 18 days
Outstanding Options, Weighted-Average Exercise Price	$ 42.58
Exercisable Options, Shares \| shares	3,890,131
Exercisable Options, Weighted-Average Exercise Price	$ 42.58
Exercise Price Range $25.01-$30.00 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Lower range limit of Exercise Prices	25.01
Upper range limit of Exercise Prices	$ 30
Outstanding Options, Shares \| shares	251,126
Outstanding Options, Weighted-Average Remaining Contractual Life (Years)	1 month 6 days
Outstanding Options, Weighted-Average Exercise Price	$ 28.63
Exercisable Options, Shares \| shares	251,126
Exercisable Options, Weighted-Average Exercise Price	$ 28.63
Exercise Price Range $30.01-$35.00 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Lower range limit of Exercise Prices	30.01
Upper range limit of Exercise Prices	$ 35
Outstanding Options, Shares \| shares	446,538
Outstanding Options, Weighted-Average Remaining Contractual Life (Years)	1 year 1 month 6 days
Outstanding Options, Weighted-Average Exercise Price	$ 33.98
Exercisable Options, Shares \| shares	446,538
Exercisable Options, Weighted-Average Exercise Price	$ 33.98
Exercise Price Range $35.01-$40.00 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Lower range limit of Exercise Prices	35.01
Upper range limit of Exercise Prices	$ 40
Outstanding Options, Shares \| shares	1,051,053
Outstanding Options, Weighted-Average Remaining Contractual Life (Years)	4 years 1 month 6 days
Outstanding Options, Weighted-Average Exercise Price	$ 39.49
Exercisable Options, Shares \| shares	1,051,053
Exercisable Options, Weighted-Average Exercise Price	$ 39.49
Exercise Price Range $40.01-$45.00 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Lower range limit of Exercise Prices	40.01
Upper range limit of Exercise Prices	$ 45
Outstanding Options, Shares \| shares	1,269,994
Outstanding Options, Weighted-Average Remaining Contractual Life (Years)	2 years 8 months 12 days
Outstanding Options, Weighted-Average Exercise Price	$ 42.43
Exercisable Options, Shares \| shares	1,269,994
Exercisable Options, Weighted-Average Exercise Price	$ 42.43
Exercise Price Range $45.01-$50.00 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Lower range limit of Exercise Prices	45.01
Upper range limit of Exercise Prices	$ 50
Outstanding Options, Shares \| shares
Outstanding Options, Weighted-Average Remaining Contractual Life (Years)
Outstanding Options, Weighted-Average Exercise Price
Exercisable Options, Shares \| shares
Exercisable Options, Weighted-Average Exercise Price
Exercise Price Range $50.01-$55.01 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Lower range limit of Exercise Prices	50.01
Upper range limit of Exercise Prices	$ 55.01
Outstanding Options, Shares \| shares	871,420
Outstanding Options, Weighted-Average Remaining Contractual Life (Years)	5 years 1 month 6 days
Outstanding Options, Weighted-Average Exercise Price	$ 54.96
Exercisable Options, Shares \| shares	871,420
Exercisable Options, Weighted-Average Exercise Price	$ 54.96

Stock-Based Compensation - Su_3

Stock-Based Compensation - Summary of Company's Restricted Shares of Stock and Unit Awards (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number Of Shares And Weighted Average Grant Date Fair Value [Abstract]
Outstanding at beginning of period, shares	6,343,313	6,606,833	6,719,298
Granted, shares	4,512,995	3,552,923	3,519,474
Vested, shares	(3,793,978)	(3,534,770)	(3,270,778)
Cancelled, shares	(249,577)	(281,673)	(361,161)
Outstanding at end of period, shares	6,812,753	6,343,313	6,606,833
Outstanding at beginning of period, weighted-average grant-date fair value	$ 51.38	$ 48.99	$ 48.17
Granted, weighted-average grant-date fair value	52.54	53.90	50.45
Vested, weighted-average grant-date fair value	53.27	49.28	48.69
Cancelled, weighted-average grant-date fair value	52.83	53.51	50.55
Outstanding at end of period, weighted-average grant-date fair value	$ 51.04	$ 51.38	$ 48.99

Income Taxes - Components of In

Income Taxes - Components of Income Tax Expense (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Federal
Current	$ 1,203	$ 1,146	$ 1,162
Deferred	469	(291)	166
Federal income tax	1,672	855	1,328
State
Current	398	355	379
Deferred	111	(144)	(59)
State income tax	509	211	320
Applicable income taxes	$ 2,181	$ 1,066	$ 1,648

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Taxes Additional Information [Abstract]
Federal statutory rate	21.00%	21.00%	21.00%
Unrecognized tax positions that if recognized would impact the effective tax rate	$ 285	$ 280	$ 274
Interest recorded on unrecognized tax positions	5	$ 5	$ 7
Unrecognized tax positions as a component of income taxes expense, accrued interest	45
Federal, state and foreign net operating loss carryforwards	2,800
Base year reserves included in retained earnings of acquired thrift institutions for which no deferred federal income tax liability has been recognized	$ 102
Credit carryforwards expiration term	Dec. 31, 2041
Federal [Member]
Income Taxes Additional Information [Abstract]
Credit carryforwards	$ 2,100
Minimum [Member]
Income Taxes Additional Information [Abstract]
Federal, state and foreign net operating loss carryforwards expiration term	Dec. 31, 2022

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Expected Income Tax Expense at Federal Statutory Rate of 21 Percent to Company's Applicable Income Tax Expense (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Tax at statutory rate	$ 2,135	$ 1,271	$ 1,805
State income tax, at statutory rates, net of federal tax benefit	439	240	355
Tax credits and benefits, net of related expenses	(331)	(370)	(424)
Tax-exempt income	(114)	(117)	(120)
Nondeductible legal and regulatory expenses	24	29	23
Other items	28	13	9
Applicable income taxes	$ 2,181	$ 1,066	$ 1,648

Income Taxes - Reconciliation_2

Income Taxes - Reconciliation of Changes in Federal, State and Foreign Unrecognized Tax Position Balances (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Uncertainties [Abstract]
Balance at beginning of period	$ 474	$ 432	$ 335
Additions for tax positions taken in prior years	14	62	168
Additions for tax positions taken in the current year	7	6	6
Exam resolutions	(1)	(8)	(62)
Statute expirations	(7)	(18)	(15)
Balance at end of period	$ 487	$ 474	$ 432

Income Taxes - Significant Comp

Income Taxes - Significant Components of the Company's Net Deferred Tax Asset (Liability) (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Deferred Tax Assets, Gross [Abstract]
Federal, state and foreign net operating loss and credit carryforwards	$ 2,331	$ 2,495
Allowance for credit losses	1,561	2,042
Accrued expenses	568	554
Obligation for operating leases	281	293
Securities available-for-sale and financial instruments	163
Stock compensation	76	84
Pension and postretirement benefits	8	108
Partnerships and other investment assets		9
Other deferred tax assets, net	451	383
Gross deferred tax assets	5,439	5,968
Deferred Tax Liabilities
Leasing activities	(2,263)	(2,511)
Goodwill and other intangible assets	(845)	(802)
Mortgage servicing rights	(593)	(408)
Right of use operating leases	(246)	(249)
Fixed assets	(238)	(226)
Loans	(85)	(112)
Partnerships and other investment assets	(8)
Securities available-for-sale and financial instruments		(755)
Other deferred tax liabilities, net	(127)	(145)
Gross deferred tax liabilities	(4,405)	(5,208)
Valuation allowance	(249)	(163)
Net Deferred Tax Asset	$ 785	$ 597

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Derivative [Line Items]
Realized and unrealized gains (losses) on derivatives classified as cash flow hedges recorded in other comprehensive income (loss)	$ (85)	$ (189)
Fair value of derivatives under collateral agreements in a net liability position	731
Collateral posted by company netted against net liability position	508
Estimated gain to be reclassified from other comprehensive income (loss) into earnings	(27)
Net Investment Hedging [Member]
Derivative [Line Items]
Non-derivative debt instruments designated as net investment hedges	$ 1,300	$ 1,400

Derivative Instruments - Asset

Derivative Instruments - Asset and Liability Management Derivative Positions of Company (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Derivative [Line Items]
Notional Value	$ 768,000
Asset and Liability Management Positions [Member]
Derivative [Line Items]
Notional Value	116,117	$ 118,061
Fair Value, Assets	350	449
Fair Value, Liabilities	409	548
Asset and Liability Management Positions [Member] \| Other Derivatives [Member]
Derivative [Line Items]
Notional Value	1,792	1,879
Fair Value, Assets		1
Fair Value, Liabilities	125	183
Asset and Liability Management Positions [Member] \| Other Economic Hedges [Member] \| Interest Rate Contracts [Member] \| Receive Fixed/Pay Floating Swaps [Member]
Derivative [Line Items]
Notional Value	9,653	11,971
Asset and Liability Management Positions [Member] \| Other Economic Hedges [Member] \| Interest Rate Contracts [Member] \| Pay Fixed/Receive Floating Swaps [Member]
Derivative [Line Items]
Notional Value	7,033	8,616
Asset and Liability Management Positions [Member] \| Other Economic Hedges [Member] \| Interest Rate Contracts [Member] \| Futures and Forwards [Member] \| Purchased [Member]
Derivative [Line Items]
Notional Value	9,322	18,356
Fair Value, Assets	10	73
Fair Value, Liabilities	16	5
Asset and Liability Management Positions [Member] \| Other Economic Hedges [Member] \| Interest Rate Contracts [Member] \| Futures and Forwards [Member] \| Written [Member]
Derivative [Line Items]
Notional Value	29,348	39,416
Fair Value, Assets	25	48
Fair Value, Liabilities	27	157
Asset and Liability Management Positions [Member] \| Other Economic Hedges [Member] \| Interest Rate Contracts [Member] \| Options [Member] \| Purchased [Member]
Derivative [Line Items]
Notional Value	18,570	11,610
Fair Value, Assets	256	121
Asset and Liability Management Positions [Member] \| Other Economic Hedges [Member] \| Interest Rate Contracts [Member] \| Options [Member] \| Written [Member]
Derivative [Line Items]
Notional Value	9,662	12,843
Fair Value, Assets	52	202
Fair Value, Liabilities	231	198
Asset and Liability Management Positions [Member] \| Other Economic Hedges [Member] \| Foreign Exchange Forward Contracts [Member]
Derivative [Line Items]
Notional Value	735	633
Fair Value, Assets	2	1
Fair Value, Liabilities	6	2
Asset and Liability Management Positions [Member] \| Other Economic Hedges [Member] \| Equity Contracts [Member]
Derivative [Line Items]
Notional Value	209	172
Fair Value, Assets	5	3
Asset and Liability Management Positions [Member] \| Fair Value Hedges [Member] \| Interest Rate Contracts [Member] \| Receive Fixed/Pay Floating Swaps [Member]
Derivative [Line Items]
Notional Value	12,350	8,400
Asset and Liability Management Positions [Member] \| Fair Value Hedges [Member] \| Interest Rate Contracts [Member] \| Pay Fixed/Receive Floating Swaps [Member]
Derivative [Line Items]
Notional Value	16,650	100
Asset and Liability Management Positions [Member] \| Cash Flow Hedges [Member] \| Interest Rate Contracts [Member] \| Pay Fixed/Receive Floating Swaps [Member]
Derivative [Line Items]
Notional Value		3,250
Asset and Liability Management Positions [Member] \| Net Investment Hedges [Member] \| Foreign Exchange Forward Contracts [Member]
Derivative [Line Items]
Notional Value	793	815
Fair Value, Liabilities	$ 4	$ 3

Derivative Instruments - Asse_2

Derivative Instruments - Asset and Liability Management Derivative Positions of Company (Parenthetical) (Detail) - Asset and Liability Management Positions [Member] - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Derivative [Line Items]
Fair Value, Liabilities	$ 409	$ 548
Swap [Member] \| Visa Class B Shares [Member]
Derivative [Line Items]
Notional Value, Liabilities	1,800	1,800
Fair Value, Liabilities	125	182
Underwriting Purchase and Sale Commitments [Member]
Derivative [Line Items]
Notional Value, Assets	$ 4	$ 47

Derivative Instruments - Custom

Derivative Instruments - Customer-Related Derivative Positions of Company (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Derivative [Line Items]
Notional Value	$ 768,000
Customer-Related Positions [Member]
Derivative [Line Items]
Notional Value	651,844	$ 576,350
Fair Value, Assets	3,537	5,552
Fair Value, Liabilities	2,489	3,054
Customer-Related Positions [Member] \| Interest Rate Contracts [Member] \| Receive Fixed/Pay Floating Swaps [Member]
Derivative [Line Items]
Notional Value	178,701	156,886
Fair Value, Assets	2,007	3,782
Fair Value, Liabilities	438	99
Customer-Related Positions [Member] \| Interest Rate Contracts [Member] \| Pay Fixed/Receive Floating Swaps [Member]
Derivative [Line Items]
Notional Value	174,176	150,011
Fair Value, Assets	134	2
Fair Value, Liabilities	670	1,239
Customer-Related Positions [Member] \| Interest Rate Contracts [Member] \| Other Derivatives [Member]
Derivative [Line Items]
Notional Value	16,267	16,308
Fair Value, Assets	1	6
Fair Value, Liabilities	2	3
Customer-Related Positions [Member] \| Interest Rate Contracts [Member] \| Options [Member] \| Purchased [Member]
Derivative [Line Items]
Notional Value	89,679	74,109
Fair Value, Assets	194	111
Fair Value, Liabilities	36	46
Customer-Related Positions [Member] \| Interest Rate Contracts [Member] \| Options [Member] \| Written [Member]
Derivative [Line Items]
Notional Value	85,211	69,941
Fair Value, Assets	36	46
Fair Value, Liabilities	176	81
Customer-Related Positions [Member] \| Interest Rate Contracts [Member] \| Futures [Member] \| Purchased [Member]
Derivative [Line Items]
Notional Value	3,607	2,775
Customer-Related Positions [Member] \| Interest Rate Contracts [Member] \| Futures [Member] \| Written [Member]
Derivative [Line Items]
Notional Value	3,941	4,090
Customer-Related Positions [Member] \| Foreign Exchange Rate Contracts [Member] \| Forwards, Spots and Swaps [Member]
Derivative [Line Items]
Notional Value	89,321	90,837
Fair Value, Assets	1,145	1,590
Fair Value, Liabilities	1,143	1,565
Customer-Related Positions [Member] \| Foreign Exchange Option [Member] \| Options [Member] \| Purchased [Member]
Derivative [Line Items]
Notional Value	805	519
Fair Value, Assets	19	14
Customer-Related Positions [Member] \| Foreign Exchange Option [Member] \| Options [Member] \| Written [Member]
Derivative [Line Items]
Notional Value	805	519
Fair Value, Liabilities	19	14
Customer-Related Positions [Member] \| Credit Contracts [Member]
Derivative [Line Items]
Notional Value	9,331	10,355
Fair Value, Assets	1	1
Fair Value, Liabilities	$ 5	$ 7

Derivative Instruments - Summar

Derivative Instruments - Summary of Effective Portion of Gains (Losses) Recognized in Other Comprehensive Income (Loss) and Gains (Losses) Reclassified from Other Comprehensive Income (Loss) into Earnings (Detail) - Asset and Liability Management Positions [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash Flow Hedges [Member] \| Interest Rate Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Losses) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	$ 94	$ (145)	$ (171)
Derivative Instruments, Gains (Losses) Reclassified from Other Comprehensive Income (Loss) into Earnings	(10)	(7)	(8)
Net Investment Hedges [Member] \| Foreign Exchange Forward Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Losses) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	19	(21)	3
Net Investment Hedges [Member] \| Non Derivative Debt Instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Losses) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	$ 84	$ (90)	$ 13

Derivative Instruments - Effect

Derivative Instruments - Effect of Fair Value and Cash Flow Hedge Accounting on Consolidated Statement of Income (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total amount of income line items presented in the Consolidated Statement of Income in which the effects of fair value or cash flow hedges are recorded	$ 13,487	$ 14,840	$ 17,494
Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total amount of income line items presented in the Consolidated Statement of Income in which the effects of fair value or cash flow hedges are recorded	993	2,015	4,442
Asset and Liability Management Positions [Member] \| Fair Value Hedges [Member] \| Interest Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gains (Losses) Recognized in Earnings related to fair value hedged item	(19)	(1)
Asset and Liability Management Positions [Member] \| Fair Value Hedges [Member] \| Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gains (Losses) Recognized in Earnings related to fair value hedged item	(232)	134	44
Asset and Liability Management Positions [Member] \| Fair Value Hedges [Member] \| Interest Rate Contracts [Member] \| Interest Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gains (Losses) Recognized in Earnings related to fair value hedge	17	1
Asset and Liability Management Positions [Member] \| Fair Value Hedges [Member] \| Interest Rate Contracts [Member] \| Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gains (Losses) Recognized in Earnings related to fair value hedge	232	(134)	(44)
Asset and Liability Management Positions [Member] \| Cash Flow Hedges [Member] \| Interest Rate Contracts [Member] \| Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gains (Losses) Recognized in Earnings related to cash flow hedge	$ 14	$ 10	$ 11

Derivative Instruments - Effe_2

Derivative Instruments - Effect of Fair Value and Cash Flow Hedge Accounting on Consolidated Statement of Income (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Derivative Instrument Detail [Abstract]
Gains (losses) recognized in earnings related discontinuance of cash flow hedges	$ 53	$ 41

Derivative Instruments - Summ_2

Derivative Instruments - Summary of Cumulative Hedging Adjustments and the Carrying Amount of Assets and Liabilities Designated in Fair Value Hedges (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Available-for-Sale Securities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Carrying Amount of the Hedged Assets	$ 16,445	$ 99
Cumulative hedging adjustment included in the carrying amount of the hedged assets	(26)	(1)
Long-term Debt Securities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Carrying amount of the hedged liabilities	12,278	8,567
Cumulative hedging adjustment included in the carrying amount of the hedged liabilities	$ 585	$ 903

Derivative Instruments - Summ_3

Derivative Instruments - Summary of Cumulative Hedging Adjustments and the Carrying Amount of Assets and Liabilities Designated in Fair Value Hedges (Parenthetical) (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Long-term Debt Securities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Cumulative hedging adjustment related to discontinued hedging relationships	$ 640	$ 726
Available-for-Sale Securities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Cumulative hedging adjustment asset related to discontinued hedging relationships	$ (6)

Derivative Instruments - Summ_4

Derivative Instruments - Summary of Gains (Losses) Recognized in Earnings for Other Economic Hedges and Customer-Related Positions (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Customer-Related Positions [Member] \| Interest Rate Contracts [Member] \| Commercial Products Revenue [Member] \| Options [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	$ (5)	$ (8)	$ 10
Customer-Related Positions [Member] \| Interest Rate Contracts [Member] \| Commercial Products Revenue [Member] \| Futures [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	3	(18)	(5)
Customer-Related Positions [Member] \| Swaps [Member] \| Commercial Products Revenue [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	110	135	82
Customer-Related Positions [Member] \| Credit Contracts [Member] \| Commercial Products Revenue [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	(7)	(32)	(18)
Customer-Related Positions [Member] \| Foreign Exchange Rate Contracts [Member] \| Commercial Products Revenue [Member] \| Options [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	1	1	1
Customer-Related Positions [Member] \| Foreign Exchange Rate Contracts [Member] \| Commercial Products Revenue [Member] \| Forwards, Spots and Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	93	78	82
Asset and Liability Management Positions [Member] \| Other Economic Hedges [Member] \| Interest Rate Contracts [Member] \| Mortgage Banking Revenue/Other Noninterest Income [Member] \| Futures and Forwards [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	511	82	34
Asset and Liability Management Positions [Member] \| Other Economic Hedges [Member] \| Interest Rate Contracts [Member] \| Mortgage Banking Revenue [Member] \| Options [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	527	1,527	432
Asset and Liability Management Positions [Member] \| Other Economic Hedges [Member] \| Swaps [Member] \| Mortgage Banking Revenue [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	(197)	598	316
Asset and Liability Management Positions [Member] \| Other Economic Hedges [Member] \| Foreign Exchange Forward Contracts [Member] \| Other Noninterest Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	1	3	(24)
Asset and Liability Management Positions [Member] \| Other Economic Hedges [Member] \| Equity Contracts [Member] \| Compensation Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	7	3
Asset and Liability Management Positions [Member] \| Other Economic Hedges [Member] \| Other Derivatives [Member] \| Other Noninterest Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	$ 5	$ (70)	$ (140)

Netting Arrangements for Cert_3

Netting Arrangements for Certain Financial Instruments and Securities Financing Activities - Additional Information (Detail) $ in Billions	Dec. 31, 2021USD ($)
Derivative [Line Items]
Notional amount of derivative	$ 768
Over the Counter Trades [Member]
Derivative [Line Items]
Notional amount of derivative	402
Exchange Cleared [Member]
Derivative [Line Items]
Notional amount of derivative	345.1
Exchange Traded [Member]
Derivative [Line Items]
Notional amount of derivative	$ 20.9

Netting Arrangements for Cert_4

Netting Arrangements for Certain Financial Instruments and Securities Financing Activities - Summary of Maturities by Category of Collateral Pledged for Repurchase Agreements and Securities Loaned Transactions (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	$ 1,575	$ 1,430
Securities loaned	169	218
Gross amount of recognized liabilities for repurchase agreements and securities loaned	1,744	1,648
Overnight and Continuous [Member]
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	1,575	1,430
Securities loaned	169	218
Gross amount of recognized liabilities for repurchase agreements and securities loaned	1,744	1,648
U.S. Treasury and Agencies [Member]
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	378	472
U.S. Treasury and Agencies [Member] \| Overnight and Continuous [Member]
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	378	472
Residential Mortgage-Backed Securities [Member] \| Agency [Member]
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	551	398
Residential Mortgage-Backed Securities [Member] \| Overnight and Continuous [Member] \| Agency [Member]
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	551	398
Corporate Debt Securities [Member]
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	646	560
Securities loaned	169	218
Corporate Debt Securities [Member] \| Overnight and Continuous [Member]
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	646	560
Securities loaned	$ 169	$ 218

Netting Arrangements for Cert_5

Netting Arrangements for Certain Financial Instruments and Securities Financing Activities - Information on Company's Accounting Netting Adjustments and Items Not Offset in Consolidated Balance Sheet Assets But Available for Offset in Event of Default (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Offsetting [Abstract]
Derivative assets Gross Recognized Assets	$ 3,830	$ 5,744
Reverse repurchase agreements Gross Recognized Assets	359	377
Securities borrowed Gross Recognized Assets	1,868	1,716
Total Gross Recognized Assets	6,057	7,837
Derivative assets Gross amounts assets offset in consolidated balance sheet	(1,609)	(1,874)
Total Gross amounts assets offset in consolidated balance sheet	(1,609)	(1,874)
Derivative assets Net Amounts Presented in the Consolidated Balance Sheet	2,221	3,870
Reverse repurchase agreements Net Amounts Presented in the Consolidated Balance Sheet	359	377
Securities borrowed Net Amounts Presented in the Consolidated Balance Sheet	1,868	1,716
Total Net Amounts Presented in the Consolidated Balance Sheet	4,448	5,963
Derivative assets Gross financial instrument asset amounts not offset in consolidated balance sheet	(142)	(109)
Reverse repurchase agreements Gross financial instrument asset amounts not offset in consolidated balance sheet	(249)	(262)
Total Gross financial instrument asset amounts not offset in consolidated balance sheet	(391)	(371)
Derivative assets Gross collateral received amounts not offset in consolidated balance sheet	(106)	(287)
Reverse repurchase agreements Gross collateral received amounts not offset in consolidated balance sheet	(110)	(115)
Securities borrowed Gross collateral received amounts not offset in consolidated balance sheet	(1,818)	(1,670)
Total Gross collateral received amounts not offset in consolidated balance sheet	(2,034)	(2,072)
Derivative assets Net Amount	1,973	3,474
Securities borrowed Net Amount	50	46
Total Net Amount Assets	$ 2,023	$ 3,520

Netting Arrangements for Cert_6

Netting Arrangements for Certain Financial Instruments and Securities Financing Activities - Information on Company's Accounting Netting Adjustments and Items Not Offset in Consolidated Balance Sheet Assets But Available for Offset in Event of Default (Parenthetical) (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Offsetting [Abstract]
Cash collateral netted against derivative assets	$ 528	$ 898
Derivative assets not subject to netting arrangements	$ 57	$ 257

Netting Arrangements for Cert_7

Netting Arrangements for Certain Financial Instruments and Securities Financing Activities - Information on Company's Accounting Netting Adjustments and Items Not Offset in Consolidated Balance Sheet Liabilities But Available for Offset in Event of Default (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Offsetting [Abstract]
Derivative liabilities Gross recognized liabilities	$ 2,761	$ 3,419
Repurchase agreements Gross recognized liabilities	1,575	1,430
Securities loaned Gross recognized liabilities	169	218
Total Gross recognized liabilities	4,505	5,067
Derivative liabilities Gross amounts liabilities offset in consolidated balance sheet	(1,589)	(2,312)
Total Gross amounts liabilities offset in consolidated balance sheet	(1,589)	(2,312)
Derivative liabilities Net amounts liabilities presented in consolidated balance sheet	1,172	1,107
Repurchase agreements Net amounts liabilities presented in consolidated balance sheet	1,575	1,430
Securities loaned Net amounts liabilities presented in consolidated balance sheet	169	218
Total Net amounts liabilities presented in consolidated balance sheet	2,916	2,755
Derivative liabilities Gross financial instrument liability amounts not offset in consolidated balance sheet	(142)	(109)
Repurchase agreements Gross financial instrument liability amounts not offset in consolidated balance sheet	(249)	(262)
Total Gross financial instrument liability amounts not offset in consolidated balance sheet	(391)	(371)
Repurchase agreements Gross collateral pledged amounts not offset in consolidated balance sheet	(1,326)	(1,168)
Securities loaned Gross collateral pledged amounts not offset in consolidated balance sheet	(167)	(215)
Total Gross collateral pledged amounts not offset in consolidated balance sheet	(1,493)	(1,383)
Derivative liabilities Net Amount	1,030	998
Securities loaned Net Amount	2	3
Total Net Amount Liabilities	$ 1,032	$ 1,001

Netting Arrangements for Cert_8

Netting Arrangements for Certain Financial Instruments and Securities Financing Activities - Information on Company's Accounting Netting Adjustments and Items Not Offset in Consolidated Balance Sheet Liabilities But Available for Offset in Event of Default (Parenthetical) (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Offsetting [Abstract]
Cash collateral netted against derivative liabilities	$ 508	$ 1,300
Derivative liabilities not subject to netting arrangements	$ 137	$ 183

Fair Values of Assets and Lia_3

Fair Values of Assets and Liabilities - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Carrying value of unfunded commitments, deferred non-yield related loan fees and standby letters of credit	$ 495	$ 774
Other guarantees carrying value	245	362
Mortgage loans held for sale measured at fair value, net gain (loss)	$ (145)	$ 362	$ 73
Minimum [Member]
Fair Value Disclosures [Abstract]
Assumed credit valuation adjustment as percentage of derivative contract fair value	0.00%
Maximum [Member]
Fair Value Disclosures [Abstract]
Assumed credit valuation adjustment as percentage of derivative contract fair value	1744.00%
Weighted Average [Member]
Fair Value Disclosures [Abstract]
Assumed credit valuation adjustment as percentage of derivative contract fair value	3.00%

Fair Values of Assets and Lia_4

Fair Values of Assets and Liabilities - Valuation Assumption Ranges for MSRs (Detail) - Mortgage Servicing Rights [Member]	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected prepayment	10.30%	14.40%
Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected prepayment	3.00%
Option adjusted spread	6.00%
Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected prepayment	13.00%
Option adjusted spread	11.00%
Weighted Average [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected prepayment	10.00%
Option adjusted spread	7.00%

Fair Values of Assets and Lia_5

Fair Values of Assets and Liabilities - Valuation Assumption Ranges for Derivative Commitments (Detail) - Derivative Mortgage Loans Commitments [Member]	Dec. 31, 2021
Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected loan close rate	2.00%
Inherent MSR value (basis points per loan)	0.14%
Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected loan close rate	100.00%
Inherent MSR value (basis points per loan)	1.81%
Weighted Average [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected loan close rate	80.00%
Inherent MSR value (basis points per loan)	1.16%

Fair Values of Assets and Lia_6

Fair Values of Assets and Liabilities - Balances of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions		Dec. 31, 2021		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities netting		$ (1,589)		$ (2,312)
Derivative assets netting		(1,609)		(1,874)
Available-for-sale securities	[1]	132,963	[2]	136,840
Mortgage loans held for sale		6,623		8,524
Mortgage servicing rights		2,953		2,210	$ 2,546	$ 2,791
Asset-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		66	[3]	205
Other [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		7		9
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities total		1,309		1,290
Derivative assets total		2,278		4,127
Available-for-sale securities		132,963		136,840
Mortgage loans held for sale		6,623		8,524
Mortgage servicing rights		2,953		2,210
Other assets		2,199		1,903
Total		147,016		153,604
Short-term borrowings and other liabilities		2,046		1,757
Total		3,355		3,047
Fair Value, Measurements, Recurring [Member] \| Netting and Collateral One [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities netting		(1,589)		(2,312)
Derivative assets netting		(1,609)		(1,874)
Total		(1,609)		(1,874)
Total		(1,589)		(2,312)
Fair Value, Measurements, Recurring [Member] \| U.S. Treasury and Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		36,609		22,391
Fair Value, Measurements, Recurring [Member] \| Obligations of State and Political Subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		10,717		8,861
Fair Value, Measurements, Recurring [Member] \| Residential Mortgage-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		77,079		99,968
Fair Value, Measurements, Recurring [Member] \| Commercial Mortgage-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		8,485		5,406
Fair Value, Measurements, Recurring [Member] \| Asset-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		66		205
Fair Value, Measurements, Recurring [Member] \| Other [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		7		9
Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets before netting		8		4
Available-for-sale securities		30,917		19,251
Other assets		278		302
Total		31,203		19,557
Short-term borrowings and other liabilities		209		85
Total		209		85
Level 1 [Member] \| Fair Value, Measurements, Recurring [Member] \| U.S. Treasury and Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		30,917		19,251
Level 2 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities before netting		2,308		3,166
Derivative assets before netting		2,490		3,235
Available-for-sale securities		102,038		117,581
Mortgage loans held for sale		6,623		8,524
Other assets		1,921		1,601
Total		113,072		130,941
Short-term borrowings and other liabilities		1,837		1,672
Total		4,145		4,838
Level 2 [Member] \| Fair Value, Measurements, Recurring [Member] \| U.S. Treasury and Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		5,692		3,140
Level 2 [Member] \| Fair Value, Measurements, Recurring [Member] \| Obligations of State and Political Subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		10,716		8,860
Level 2 [Member] \| Fair Value, Measurements, Recurring [Member] \| Residential Mortgage-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		77,079		99,968
Level 2 [Member] \| Fair Value, Measurements, Recurring [Member] \| Commercial Mortgage-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		8,485		5,406
Level 2 [Member] \| Fair Value, Measurements, Recurring [Member] \| Asset-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		59		198
Level 2 [Member] \| Fair Value, Measurements, Recurring [Member] \| Other [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		7		9
Level 3 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities before netting		590		436
Derivative assets before netting		1,389		2,762
Available-for-sale securities		8		8
Mortgage servicing rights		2,953		2,210
Total		4,350		4,980
Total		590		436
Level 3 [Member] \| Fair Value, Measurements, Recurring [Member] \| Obligations of State and Political Subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		1		1
Level 3 [Member] \| Fair Value, Measurements, Recurring [Member] \| Asset-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		$ 7		$ 7

[1]	Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.
[2]	The weighted-average maturity of total available-for-sale investment securities was 3.4 years at December 31, 2020, with a corresponding weighted-average yield of 1.61 percent.
[3]	Information related to asset and mortgage-backed securities included above is presented based upon weighted-average maturities that take into account anticipated future prepayments.

Fair Values of Assets and Lia_7

Fair Values of Assets and Liabilities - Balances of Assets and Liabilities Measured at Fair Value on Recurring Basis (Parenthetical) (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Equity investments without readily determinable fair values	$ 79	$ 85

Fair Values of Assets and Lia_8

Fair Values of Assets and Liabilities - Changes in Fair Value for All Assets and Liabilities Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Mortgage Servicing Rights [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning of Period Balance	$ 2,210	$ 2,546	$ 2,791
Net Gains (Losses) Included in Net Income	(437)	(1,403)	(829)
Purchases	42	34	20
Sales	2	3	5
Issuances	1,136	1,030	559
End of Period Balance	2,953	2,210	2,546
Net Change in Unrealized Gains (Losses) Relating to Assets and Liabilities Held at End of Period	(437)	(1,403)	(829)
Available-for-Sale Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning of Period Balance	8	9
Net Gains (Losses) Included in Other Comprehensive Income (Loss)	1
Principal Payments	(1)	(1)
Transfers into Level 3			9
End of Period Balance	8	8	9
Net Change in Unrealized Gains (Losses) Relating to Assets and Liabilities Held at End of Period	1
Available-for-Sale Securities [Member] \| Obligations of State and Political Subdivisions [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning of Period Balance	1	1
Transfers into Level 3			1
End of Period Balance	1	1	1
Derivative [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning of Period Balance	2,326	810	80
Net Gains (Losses) Included in Net Income	(924)	2,922	769
Purchases	337	247	142
Sales	(3)	(3)	(9)
Settlements	(937)	(1,650)	(172)
End of Period Balance	799	2,326	810
Net Change in Unrealized Gains (Losses) Relating to Assets and Liabilities Held at End of Period	(968)	1,649	782
Asset-Backed Securities [Member] \| Available-for-Sale Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning of Period Balance	7	8
Net Gains (Losses) Included in Other Comprehensive Income (Loss)	1
Principal Payments	(1)	(1)
Transfers into Level 3			8
End of Period Balance	7	$ 7	$ 8
Net Change in Unrealized Gains (Losses) Relating to Assets and Liabilities Held at End of Period	$ 1

Fair Values of Assets and Lia_9

Fair Values of Assets and Liabilities - Changes in Fair Value for All Assets and Liabilities Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3) (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other Noninterest Income [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gains and (losses) on net derivative assets and liabilities included in net income	$ 5	$ (70)	$ (141)
Net Change in net derivative asset and liability unrealized gains (losses) relating to assets still held at end of period	5	(70)	(141)
Mortgage Banking Revenue [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gains and (losses) on net derivative assets and liabilities included in net income	666	1,900	482
Net Change in net derivative asset and liability unrealized gains (losses) relating to assets still held at end of period	42	247	35
Commercial Products Revenue [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net gains and (losses) on net derivative assets and liabilities included in net income	(1,600)	1,100	428
Net Change in net derivative asset and liability unrealized gains (losses) relating to assets still held at end of period	$ (1,000)	$ 1,500	$ 888

Fair Values of Assets and Li_10

Fair Values of Assets and Liabilities - Adjusted Carrying Values for Assets Measured at Fair Value on Nonrecurring Basis (Detail) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans	$ 59	$ 385
Other assets	77	30
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans	59	385
Other assets	$ 77	$ 30

Fair Values of Assets and Li_11

Fair Values of Assets and Liabilities - Losses Recognized Related to Nonrecurring Fair Value Measurements of Individual Assets or Portfolios (Detail) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Loans [Member]
Fair Value Assets Measured On Nonrecurring Basis Losses Recognized [Line Items]
Losses recognized related to nonrecurring fair value measurements	$ 60	$ 426	$ 122
Other Assets [Member]
Fair Value Assets Measured On Nonrecurring Basis Losses Recognized [Line Items]
Losses recognized related to nonrecurring fair value measurements	$ 25	$ 21	$ 17

Fair Values of Assets and Li_12

Fair Values of Assets and Liabilities - Differences Between Aggregate Fair Value Carrying Amount of MLHFS for which Fair Value Option has been Elected and Aggregate Unpaid Principal Amount Contractually Obligated to Receive at Maturity (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Fair value carrying amount, total loans	$ 6,623	$ 8,524
Fair value carrying amount, nonaccrual loans	1	1
Fair value carrying amount, loans 90 days or more past due	2	2
Aggregate unpaid principal, total loans	6,453	8,136
Aggregate unpaid principal, nonaccrual loans	1	1
Aggregate unpaid principal, loans 90 days or more past due	2	2
Carrying amount over (under) unpaid principal, total loans	$ 170	$ 388

Fair Values of Assets and Li_13

Fair Values of Assets and Liabilities - Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Millions		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Financial Assets
Cash and due from banks		$ 28,905	$ 62,580	$ 22,405	$ 21,453
Investment securities held-to-maturity	[1]	41,858
Loans		306,304	290,393
Financial Liabilities
Time deposits		22,665	30,694
Long-term debt		32,125	41,297
Carrying Amount [Member]
Financial Assets
Cash and due from banks		28,905	62,580
Federal funds sold and securities purchased under resale agreements		359	377
Investment securities held-to-maturity		41,858
Loans held for sale		1,152	237
Loans		306,304	290,393
Other		1,521	1,772
Financial Liabilities
Time deposits		22,665	30,694
Short-term borrowings		9,750	10,009
Long-term debt		32,125	41,297
Other		3,862	4,052
Fair Value [Member]
Financial Assets
Cash and due from banks		28,905	62,580
Federal funds sold and securities purchased under resale agreements		359	377
Investment securities held-to-maturity		41,812
Loans held for sale		1,152	237
Loans		312,724	300,419
Other		1,521	1,772
Financial Liabilities
Time deposits		22,644	30,864
Short-term borrowings		9,646	9,956
Long-term debt		32,547	42,485
Other		3,862	4,052
Fair Value [Member] \| Level 1 [Member]
Financial Assets
Cash and due from banks		28,905	62,580
Fair Value [Member] \| Level 2 [Member]
Financial Assets
Federal funds sold and securities purchased under resale agreements		359	377
Investment securities held-to-maturity		41,812
Other		630	731
Financial Liabilities
Time deposits		22,644	30,864
Short-term borrowings		9,646	9,956
Long-term debt		32,547	42,485
Other		1,170	1,234
Fair Value [Member] \| Level 3 [Member]
Financial Assets
Loans held for sale		1,152	237
Loans		312,724	300,419
Other		891	1,041
Financial Liabilities
Other		$ 2,692	$ 2,818

[1]	Information related to asset and mortgage-backed securities included above is presented based upon weighted-average maturities that take into account anticipated future prepayments.

Guarantees and Contingent Lia_3

Guarantees and Contingent Liabilities - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Securities Lending Indemnifications [Member]
Guarantees And Contingent Liabilities (Textual) [Abstract]
Maximum Potential Future Payments	$ 8,807
Collateral Held	9,074
Tender Option Bond Program Guarantee [Member]
Guarantees And Contingent Liabilities (Textual) [Abstract]
Maximum Potential Future Payments	1,488
Collateral Held	1,725
Standby Letters of Credit [Member]
Guarantees And Contingent Liabilities (Textual) [Abstract]
Maximum Potential Future Payments	$ 9,605
Weighted-average term of standby letter of credit arrangements	19 months
Carrying Amount	$ 57
Third Party Borrowing Arrangements [Member]
Guarantees And Contingent Liabilities (Textual) [Abstract]
Maximum Potential Future Payments	3
Asset Sales [Member]
Guarantees And Contingent Liabilities (Textual) [Abstract]
Maximum Potential Future Payments	7,229
Carrying Amount	84
Collateral Held	0
Merchant Processing [Member]
Guarantees And Contingent Liabilities (Textual) [Abstract]
Maximum Potential Future Payments	120,417
Carrying Amount	140
Collateral Held	777
Airline Processing Arrangements [Member]
Guarantees And Contingent Liabilities (Textual) [Abstract]
Value of airline tickets purchased to deliver at future date through card transactions	7,600
Representation and Warranty [Member]
Guarantees And Contingent Liabilities (Textual) [Abstract]
Carrying Amount	18	$ 19
Unresolved representation and warranty claims from GSEs	19	$ 13
Unresolved Merchant Charge-backs [Member]
Guarantees And Contingent Liabilities (Textual) [Abstract]
Carrying Amount	15
Collateral Held	177
Escrow Deposits Letters of Credit Indemnities [Member] \| Airline Processing Arrangements [Member]
Guarantees And Contingent Liabilities (Textual) [Abstract]
Collateral Held	598
Merchant Escrow Deposits [Member] \| Airline Processing Arrangements [Member]
Guarantees And Contingent Liabilities (Textual) [Abstract]
Carrying Amount	125
Wholly Owned Unconsolidated Trust [Member]
Guarantees And Contingent Liabilities (Textual) [Abstract]
Maximum Potential Future Payments	$ 681
Percentage of common equity in wholly owned USB Capital IX	100.00%
Total assets of trust consisting primarily of Series A Preferred Stock	$ 682
Subsidiaries Financial Performance [Member]
Guarantees And Contingent Liabilities (Textual) [Abstract]
Maximum Potential Future Payments	$ 717

Guarantees and Contingent Lia_4

Guarantees and Contingent Liabilities - Contract or Notional Amounts of Unfunded Commitments to Extend Credit (Detail) $ in Millions	Dec. 31, 2021USD ($)
Commercial and Commercial Real Estate Loans [Member]
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	$ 159,264
Corporate and Purchasing Card Loans [Member]
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	30,263
Residential Mortgages [Member]
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	614
Credit Card [Member]
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	120,905
Other Retail Loans [Member]
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	37,829
Other [Member]
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	6,268
Less Than One Year [Member] \| Commercial and Commercial Real Estate Loans [Member]
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	40,385
Less Than One Year [Member] \| Corporate and Purchasing Card Loans [Member]
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	30,263
Less Than One Year [Member] \| Residential Mortgages [Member]
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	613
Less Than One Year [Member] \| Credit Card [Member]
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	120,905
Less Than One Year [Member] \| Other Retail Loans [Member]
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	14,924
Less Than One Year [Member] \| Other [Member]
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	6,268
Greater Than One Year [Member] \| Commercial and Commercial Real Estate Loans [Member]
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	118,879
Greater Than One Year [Member] \| Residential Mortgages [Member]
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	1
Greater Than One Year [Member] \| Other Retail Loans [Member]
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	$ 22,905

Guarantees and Contingent Lia_5

Guarantees and Contingent Liabilities - Summary of Other Guarantees and Contingent Liabilities (Detail) $ in Millions	Dec. 31, 2021USD ($)
Standby Letters of Credit [Member]
Guarantor Obligations [Line Items]
Carrying Amount	$ 57
Maximum Potential Future Payments	9,605
Third Party Borrowing Arrangements [Member]
Guarantor Obligations [Line Items]
Maximum Potential Future Payments	3
Securities Lending Indemnifications [Member]
Guarantor Obligations [Line Items]
Collateral Held	9,074
Maximum Potential Future Payments	8,807
Asset Sales [Member]
Guarantor Obligations [Line Items]
Collateral Held	0
Carrying Amount	84
Maximum Potential Future Payments	7,229
Merchant Processing [Member]
Guarantor Obligations [Line Items]
Collateral Held	777
Carrying Amount	140
Maximum Potential Future Payments	120,417
Tender Option Bond Program Guarantee [Member]
Guarantor Obligations [Line Items]
Collateral Held	1,725
Maximum Potential Future Payments	1,488
Other Guarantees [Member]
Guarantor Obligations [Line Items]
Carrying Amount	21
Maximum Potential Future Payments	$ 1,398

Guarantees and Contingent Lia_6

Guarantees and Contingent Liabilities - Contract or Notional Amount of Letters of Credit (Detail) $ in Millions	Dec. 31, 2021USD ($)
Commercial [Member]
Letters Of Credit [Line Items]
Contract or notional amount of letters of credit	$ 911
Commercial [Member] \| Less Than One Year [Member]
Letters Of Credit [Line Items]
Contract or notional amount of letters of credit	889
Commercial [Member] \| Greater Than One Year [Member]
Letters Of Credit [Line Items]
Contract or notional amount of letters of credit	22
Standby Letters of Credit [Member]
Letters Of Credit [Line Items]
Contract or notional amount of letters of credit	9,605
Standby Letters of Credit [Member] \| Less Than One Year [Member]
Letters Of Credit [Line Items]
Contract or notional amount of letters of credit	4,760
Standby Letters of Credit [Member] \| Greater Than One Year [Member]
Letters Of Credit [Line Items]
Contract or notional amount of letters of credit	$ 4,845

Business Segments - Additional

Business Segments - Additional Information (Detail) - Payment Services [Member] - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Rewards and Rebate Costs and Certain Partner Payments Included in Noninterest Income	$ 2.5	$ 2.1
Revenue generated from certain contracts with customers included in non-interest income	$ 7.5	$ 6.9

Business Segments - Business Se

Business Segments - Business Segment Results (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Noninterest income	$ 10,227	$ 10,401	$ 9,831
Other intangibles	159	176	168
Total noninterest expense	13,728	13,369	12,785
Provision for credit losses	(1,173)	3,806	1,504
Net income (loss)	7,985	4,985	6,946
Net (income) loss attributable to noncontrolling interests	(22)	(26)	(32)
Net income (loss) attributable to U.S. Bancorp	7,963	4,959	$ 6,914
Corporate and Commercial Banking [Member]
Segment Reporting Information [Line Items]
Net interest income (taxable-equivalent basis)	2,900	3,411
Noninterest income	1,035	1,117
Total income	3,935	4,528
Noninterest expense	1,678	1,711
Total noninterest expense	1,678	1,711
Income (loss) before provision and income taxes	2,257	2,817
Provision for credit losses	89	604
Income (loss) before income taxes	2,168	2,213
Income taxes and taxable-equivalent adjustment	542	554
Net income (loss)	1,626	1,659
Net income (loss) attributable to U.S. Bancorp	1,626	1,659
Loans	103,208	115,563
Other earning assets	4,537	4,163
Goodwill	1,715	1,647
Other intangible assets	5	6
Assets	115,194	128,038
Noninterest-bearing deposits	61,272	44,309
Interest-bearing deposits	71,246	88,138
Total deposits	132,518	132,447
Total U.S. Bancorp shareholders' equity	13,928	15,063
Consumer and Business Banking [Member]
Segment Reporting Information [Line Items]
Net interest income (taxable-equivalent basis)	6,077	5,759
Noninterest income	2,501	3,177
Total income	8,578	8,936
Noninterest expense	5,690	5,470
Other intangibles	12	16
Total noninterest expense	5,702	5,486
Income (loss) before provision and income taxes	2,876	3,450
Provision for credit losses	(144)	291
Income (loss) before income taxes	3,020	3,159
Income taxes and taxable-equivalent adjustment	755	791
Net income (loss)	2,265	2,368
Net income (loss) attributable to U.S. Bancorp	2,265	2,368
Loans	141,082	141,259
Other earning assets	8,093	7,175
Goodwill	3,428	3,500
Other intangible assets	2,760	2,105
Assets	161,571	159,191
Noninterest-bearing deposits	33,855	30,467
Interest-bearing deposits	158,434	131,536
Total deposits	192,289	162,003
Total U.S. Bancorp shareholders' equity	12,337	12,739
Wealth Management and Investment Services [Member]
Segment Reporting Information [Line Items]
Net interest income (taxable-equivalent basis)	1,002	1,246
Noninterest income	2,221	2,022
Total income	3,223	3,268
Noninterest expense	2,045	1,961
Other intangibles	14	12
Total noninterest expense	2,059	1,973
Income (loss) before provision and income taxes	1,164	1,295
Provision for credit losses	47	40
Income (loss) before income taxes	1,117	1,255
Income taxes and taxable-equivalent adjustment	280	314
Net income (loss)	837	941
Net income (loss) attributable to U.S. Bancorp	837	941
Loans	18,097	15,456
Other earning assets	242	287
Goodwill	1,628	1,617
Other intangible assets	84	39
Assets	21,236	18,564
Noninterest-bearing deposits	24,587	17,149
Interest-bearing deposits	75,618	77,525
Total deposits	100,205	94,674
Total U.S. Bancorp shareholders' equity	3,154	2,936
Payments Services [Member]
Segment Reporting Information [Line Items]
Net interest income (taxable-equivalent basis)	2,458	2,562
Noninterest income	3,550	3,124
Total income	6,008	5,686
Noninterest expense	3,231	3,123
Other intangibles	133	148
Total noninterest expense	3,364	3,271
Income (loss) before provision and income taxes	2,644	2,415
Provision for credit losses	349	681
Income (loss) before income taxes	2,295	1,734
Income taxes and taxable-equivalent adjustment	575	434
Net income (loss)	1,720	1,300
Net income (loss) attributable to U.S. Bancorp	1,720	1,300
Loans	30,856	31,539
Other earning assets	93	5
Goodwill	3,185	3,060
Other intangible assets	508	581
Assets	36,553	36,497
Noninterest-bearing deposits	4,861	4,351
Interest-bearing deposits	145	121
Total deposits	5,006	4,472
Total U.S. Bancorp shareholders' equity	7,643	7,462
Treasury and Corporate Support [Member]
Segment Reporting Information [Line Items]
Net interest income (taxable-equivalent basis)	163	(54)
Noninterest income	920	961
Total income	1,083	907
Noninterest expense	925	928
Total noninterest expense	925	928
Income (loss) before provision and income taxes	158	(21)
Provision for credit losses	(1,514)	2,190
Income (loss) before income taxes	1,672	(2,211)
Income taxes and taxable-equivalent adjustment	135	(928)
Net income (loss)	1,537	(1,283)
Net (income) loss attributable to noncontrolling interests	(22)	(26)
Net income (loss) attributable to U.S. Bancorp	1,515	(1,309)
Loans	3,722	3,452
Other earning assets	196,211	162,503
Assets	221,978	188,917
Noninterest-bearing deposits	2,629	2,263
Interest-bearing deposits	1,634	2,756
Total deposits	4,263	5,019
Total U.S. Bancorp shareholders' equity	16,748	14,046
Consolidated Company [Member]
Segment Reporting Information [Line Items]
Net interest income (taxable-equivalent basis)	12,600	12,924
Noninterest income	10,227	10,401
Total income	22,827	23,325
Noninterest expense	13,569	13,193
Other intangibles	159	176
Total noninterest expense	13,728	13,369
Income (loss) before provision and income taxes	9,099	9,956
Provision for credit losses	(1,173)	3,806
Income (loss) before income taxes	10,272	6,150
Income taxes and taxable-equivalent adjustment	2,287	1,165
Net income (loss)	7,985	4,985
Net (income) loss attributable to noncontrolling interests	(22)	(26)
Net income (loss) attributable to U.S. Bancorp	7,963	4,959
Loans	296,965	307,269
Other earning assets	209,176	174,133
Goodwill	9,956	9,824
Other intangible assets	3,357	2,731
Assets	556,532	531,207
Noninterest-bearing deposits	127,204	98,539
Interest-bearing deposits	307,077	300,076
Total deposits	434,281	398,615
Total U.S. Bancorp shareholders' equity	$ 53,810	$ 52,246

U.S. Bancorp (Parent Company) -

U.S. Bancorp (Parent Company) - Additional Information (Detail)	Dec. 31, 2021
Receivables
Loan Limits to the company or individual affiliate	10.00%
Maximum limit of loans to the Company and all affiliates	20.00%

U.S. Bancorp (Parent Company)_2

U.S. Bancorp (Parent Company) - Condensed Statement of Financial Position of Parent Company Only (Detail) - USD ($) $ in Millions		Dec. 31, 2021		Dec. 31, 2020
Assets
Available-for-sale investment securities	[1]	$ 132,963	[2]	$ 136,840
Other assets	[1]	38,174		39,081
Total assets		573,284		553,905
Liabilities and Shareholders' Equity
Long-term debt		32,125		41,297
Other liabilities		17,893		17,347
Shareholders' equity		54,918		53,095
Total liabilities and equity		573,284		553,905
Parent Company [Member]
Assets
Due from banks, principally interest-bearing		8,369		12,279
Available-for-sale investment securities		1,209		1,469
Other assets		898		869
Total assets		75,847		75,422
Liabilities and Shareholders' Equity
Long-term debt		18,902		20,924
Other liabilities		2,027		1,403
Shareholders' equity		54,918		53,095
Total liabilities and equity		75,847		75,422
Bank Subsidiaries [Member] \| Parent Company [Member]
Assets
Investments in subsidiaries		51,432		52,551
Advances to subsidiaries		9,600		3,850
Nonbank Subsidiaries [Member] \| Parent Company [Member]
Assets
Investments in subsidiaries		3,632		3,286
Advances to subsidiaries		$ 707		$ 1,118

[1]	Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.
[2]	The weighted-average maturity of total available-for-sale investment securities was 3.4 years at December 31, 2020, with a corresponding weighted-average yield of 1.61 percent.

U.S. Bancorp (Parent Company)_3

U.S. Bancorp (Parent Company) - Condensed Income Statement of Parent Company Only (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income
Other income	$ 721	$ 748	$ 926
Expense
Interest expense	993	2,015	4,442
Other expense	1,207	1,833	1,618
Income before income taxes and equity in undistributed income of subsidiaries	10,166	6,051	8,594
Applicable income taxes	2,181	1,066	1,648
Net income (loss) attributable to U.S. Bancorp	7,963	4,959	6,914
Parent Company [Member]
Income
Interest from subsidiaries	112	172	317
Other income	46	85	25
Total income	7,160	1,781	7,448
Expense
Interest expense	348	433	551
Other expense	154	140	140
Total expense	502	573	691
Income before income taxes and equity in undistributed income of subsidiaries	6,658	1,208	6,757
Applicable income taxes	(53)	(78)	(92)
Income of parent company	6,711	1,286	6,849
Equity in undistributed income of subsidiaries	1,252	3,673	65
Net income (loss) attributable to U.S. Bancorp	7,963	4,959	6,914
Bank Subsidiaries [Member] \| Parent Company [Member]
Income
Dividends from subsidiaries	7,000	1,500	7,100
Nonbank Subsidiaries [Member] \| Parent Company [Member]
Income
Dividends from subsidiaries	$ 2	$ 24	$ 6

U.S. Bancorp (Parent Company)_4

U.S. Bancorp (Parent Company) - Condensed Statement of Cash Flows of Parent Company Only (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating Activities
Net income attributable to U.S. Bancorp	$ 7,963	$ 4,959	$ 6,914
Adjustments to reconcile net income to net cash provided by operating activities
Other, net	2,428	(1,058)	458
Net cash provided by operating activities	9,870	3,716	4,889
Investing Activities
Other, net	3	(636)	(1,295)
Net cash used in investing activities	(57,487)	(15,440)	(21,560)
Financing Activities
Net increase (decrease) in short-term borrowings	30	(11,957)	9,584
Proceeds from issuance of long-term debt	2,626	14,501	9,899
Principal payments or redemption of long-term debt	(11,432)	(14,476)	(11,119)
Proceeds from issuance of preferred stock	2,221	486
Proceeds from issuance of common stock	43	15	88
Repurchase of preferred stock	(1,250)
Repurchase of common stock	(1,555)	(1,672)	(4,525)
Cash dividends paid on preferred stock	(308)	(300)	(302)
Cash dividends paid on common stock	(2,579)	(2,552)	(2,443)
Net cash provided by financing activities	13,942	51,899	17,623
Cash and due from banks at beginning of period	62,580	22,405	21,453
Cash and due from banks at end of period	28,905	62,580	22,405
Parent Company [Member]
Operating Activities
Net income attributable to U.S. Bancorp	7,963	4,959	6,914
Adjustments to reconcile net income to net cash provided by operating activities
Equity in undistributed income of subsidiaries	(1,252)	(3,673)	(65)
Other, net	(85)	907	231
Net cash provided by operating activities	6,626	2,193	7,080
Investing Activities
Proceeds from sales and maturities of investment securities	200	258	291
Purchases of investment securities	0		(1,013)
Net (increase) decrease in short-term advances to subsidiaries	411	347	578
Long-term advances to subsidiaries	(7,000)		(2,600)
Principal collected on long-term advances to subsidiaries	1,250		2,550
Other, net	(269)	379	(341)
Net cash used in investing activities	(5,408)	984	(535)
Financing Activities
Net increase (decrease) in short-term borrowings	0	(8)	8
Proceeds from issuance of long-term debt	1,300	2,750	3,743
Principal payments or redemption of long-term debt	(3,000)	(1,200)	(1,500)
Proceeds from issuance of preferred stock	2,221	486
Proceeds from issuance of common stock	43	15	88
Repurchase of preferred stock	(1,250)
Repurchase of common stock	(1,555)	(1,672)	(4,525)
Cash dividends paid on preferred stock	(308)	(300)	(302)
Cash dividends paid on common stock	(2,579)	(2,552)	(2,443)
Net cash provided by financing activities	(5,128)	(2,481)	(4,931)
Change in cash and due from banks	(3,910)	696	1,614
Cash and due from banks at beginning of period	12,279	11,583	9,969
Cash and due from banks at end of period	$ 8,369	$ 12,279	$ 11,583