U.S. Bancorp (USB) 10-K 21 Feb 25 2024 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2024	Jan. 31, 2025	Jun. 28, 2024
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	1-6880
Entity Registrant Name	US BANCORP \DE\
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	41-0255900
Entity Address, Address Line One	800 Nicollet Mall
Entity Address, City or Town	Minneapolis
Entity Address, State or Province	MN
Entity Address, Postal Zip Code	55402
City Area Code	651
Local Phone Number	466-3000
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 62
Entity Common Stock, Shares Outstanding		1,559,887,453
Auditor Firm ID	42
Auditor Name	Ernst & Young LLP
Auditor Location	Minneapolis, Minnesota
Documents Incorporated by Reference	Document Parts Into Which Incorporated 1. Portions of the Annual Report to Shareholders for the Fiscal Year Ended December 31, 2024 (the “2024 Annual Report”) Parts I and II 2. Portions of the Proxy Statement for the Annual Meeting of Shareholders to be held April 15, 2025 (the “Proxy Statement”) Part III
Amendment Flag	false
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2024
Entity Central Index Key	0000036104
Series CC (Senior), Floating
Document Information [Line Items]
Title of 12(b) Security	Floating Rate Notes, Series CC (Senior), due May 21, 2028
Trading Symbol	USB/28
Security Exchange Name	NYSE
Series CC (Senior), Fixed-to-Floating
Document Information [Line Items]
Title of 12(b) Security	4.009% Fixed-to-Floating Rate Notes, Series CC (Senior), due May 21, 2032
Trading Symbol	USB/32
Security Exchange Name	NYSE
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common Stock, $.01 par value per share
Trading Symbol	USB
Security Exchange Name	NYSE
Series A
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares (each representing 1/100th interest in a share of Series A Non-Cumulative Perpetual Preferred Stock, par value $1.00)
Trading Symbol	USB PrA
Security Exchange Name	NYSE
Series B
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares (each representing 1/1,000th interest in a share of Series B Non-Cumulative Perpetual Preferred Stock, par value $1.00)
Trading Symbol	USB PrH
Security Exchange Name	NYSE
Series K
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares (each representing 1/1,000th interest in a share of Series K Non-Cumulative Perpetual Preferred Stock, par value $1.00)
Trading Symbol	USB PrP
Security Exchange Name	NYSE
Depositary Shares (each representing 1/1,000th interest in a share of Series L Non-Cumulative Perpetual Preferred Stock, par value $1.00)
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares (each representing 1/1,000th interest in a share of Series L Non-Cumulative Perpetual Preferred Stock, par value $1.00)
Trading Symbol	USB PrQ
Security Exchange Name	NYSE
Series M
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares (each representing 1/1,000th interest in a share of Series M Non-Cumulative Perpetual Preferred Stock, par value $1.00)
Trading Symbol	USB PrR
Security Exchange Name	NYSE
Series O
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares (each representing 1/1,000th interest in a share of Series O Non-Cumulative Perpetual Preferred Stock, par value $1.00)
Trading Symbol	USB PrS
Security Exchange Name	NYSE

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions		Dec. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks		$ 56,502	$ 61,192
Investment securities
Held-to-maturity (fair value $66,275 and $74,088, respectively)		78,634	84,045
Available-for-sale ($338 and $858 pledged as collateral, respectively)	[1]	85,992	69,706
Loans held for sale (including $2,251 and $2,011 of mortgage loans carried at fair value, respectively)		2,573	2,201
Loans
Total loans		379,832	373,835
Less allowance for loan losses		(7,583)	(7,379)
Net loans		372,249	366,456
Premises and equipment		3,565	3,623
Goodwill		12,536	12,489
Other intangible assets		5,547	6,084
Other assets (including $3,548 and $702 of trading securities at fair value pledged as collateral, respectively)	[1]	60,720	57,695
Total assets		678,318	663,491
Deposits
Noninterest-bearing		84,158	89,989
Interest-bearing (including $5,754 and $2,818 of time deposits carried at fair value, respectively)		434,151	422,323
Total deposits		518,309	512,312
Short-term borrowings		15,518	15,279
Long-term debt		58,002	51,480
Other liabilities		27,449	28,649
Total liabilities		619,278	607,720
Shareholders’ equity
Preferred stock		6,808	6,808
Common stock, $.01 par value per share, authorized: 4,000,000,000 shares; issued: 2024 and 2023 —2,125,725,742 shares		21	21
Capital surplus		8,715	8,673
Retained earnings		76,863	74,026
Less cost of common stock in treasury: 2024 — 565,929,654 shares; 2023 — 567,732,687 shares		(24,065)	(24,126)
Accumulated other comprehensive income (loss)		(9,764)	(10,096)
Total U.S. Bancorp shareholders’ equity		58,578	55,306
Noncontrolling interests		462	465
Total equity		59,040	55,771
Total liabilities and equity		678,318	663,491
Commercial | Commercial
Loans
Total loans		139,484	131,881
Commercial | Commercial real estate
Loans
Total loans		48,859	53,455
Consumer | Residential mortgages
Loans
Total loans		118,813	115,530
Consumer | Credit card
Loans
Total loans		30,350	28,560
Consumer | Other retail
Loans
Total loans		$ 42,326	$ 44,409
[1] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Millions		Dec. 31, 2024	Dec. 31, 2023
Held-to-maturity, fair value		$ 66,275	$ 74,088
Available-for-sale securities	[1]	85,992	69,706
Loans held-for-sale, mortgage loans carried at fair value		2,251	2,011
Time deposits		$ 5,754	$ 2,818
Common stock, par value (in dollars per share)		$ 0.01	$ 0.01
Common stock, authorized (in shares)		4,000,000,000	4,000,000,000
Common stock, issued (in shares)		2,125,725,742	2,125,725,742
Common stock in treasury (in shares)		565,929,654	567,732,687
Asset Pledged as Collateral with Right
Available-for-sale securities		$ 320	$ 338
Other assets, trading securities pledged as collateral		$ 7,501	$ 3,548
[1] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.

Consolidated Statement of Incom

Consolidated Statement of Income - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Interest Income
Loans	$ 23,009	$ 22,324	$ 13,603
Loans held for sale	173	147	201
Investment securities	5,111	4,485	3,378
Other interest income	3,373	3,051	763
Total interest income	31,666	30,007	17,945
Interest Expense
Deposits	11,688	8,775	1,872
Short-term borrowings	1,107	1,971	565
Long-term debt	2,582	1,865	780
Total interest expense	15,377	12,611	3,217
Net interest income	16,289	17,396	14,728
Provision for credit losses	2,238	2,275	1,977
Net interest income after provision for credit losses	14,051	15,121	12,751
Noninterest Income
Card revenue	1,679	1,630	1,512
Corporate payment products revenue	773	759	698
Merchant processing services	1,714	1,659	1,579
Trust and investment management fees	2,660	2,459	2,209
Service charges	1,253	1,306	1,298
Commercial products revenue	1,523	1,372	1,105
Mortgage banking revenue	627	540	527
Investment products fees	330	279	235
Securities gains (losses), net	(154)	(145)	20
Other	641	758	273
Total noninterest income	11,046	10,617	9,456
Noninterest Expense
Compensation and employee benefits	10,554	10,416	9,157
Net occupancy and equipment	1,246	1,266	1,096
Professional services	491	560	529
Marketing and business development	619	726	456
Technology and communications	2,074	2,049	1,726
Other intangibles	569	636	215
Merger and integration charges	155	1,009	329
Other	1,480	2,211	1,398
Total noninterest expense	17,188	18,873	14,906
Income before income taxes	7,909	6,865	7,301
Applicable income taxes	1,580	1,407	1,463
Net income (loss)	6,329	5,458	5,838
Net (income) loss attributable to noncontrolling interests	(30)	(29)	(13)
Net income (loss) attributable to U.S. Bancorp	6,299	5,429	5,825
Net income applicable to U.S. Bancorp common shareholders	5,909	5,051	5,501
Net income applicable to U.S. Bancorp common shareholders, diluted	$ 5,909	$ 5,051	$ 5,501
Earnings per common share (in dollars per share)	$ 3.79	$ 3.27	$ 3.69
Diluted earnings per common share (in dollars per share)	$ 3.79	$ 3.27	$ 3.69
Average common shares outstanding (in shares)	1,560	1,543	1,489
Average diluted common shares outstanding (in shares)	1,561	1,543	1,490

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 6,329	$ 5,458	$ 5,838
Other Comprehensive Income (Loss)
Changes in unrealized gains (losses) on investment securities available-for-sale	(60)	1,500	(13,656)
Changes in unrealized gains (losses) on derivative hedges	(676)	(252)	(75)
Changes in debit valuation adjustments	1	0	0
Foreign currency translation	18	21	(10)
Changes in unrealized gains (losses) on retirement plans	245	(262)	526
Reclassification to earnings of realized (gains) losses	910	748	544
Income taxes related to other comprehensive income (loss)	(106)	(444)	3,207
Total other comprehensive income (loss)	332	1,311	(9,464)
Comprehensive income (loss)	6,661	6,769	(3,626)
Comprehensive (income) loss attributable to noncontrolling interests	(30)	(29)	(13)
Comprehensive income (loss) attributable to U.S. Bancorp	$ 6,631	$ 6,740	$ (3,639)

Consolidated Statement of Share

Consolidated Statement of Shareholders' Equity - USD ($) shares in Millions, $ in Millions		Total	Change in accounting principle	[3]	Total U.S. Bancorp Shareholders’ Equity	Total U.S. Bancorp Shareholders’ Equity Change in accounting principle	[3]	Common Stock	Preferred Stock	Capital Surplus	Retained Earnings	Retained Earnings Change in accounting principle	[3]	Treasury Stock	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests
Beginning Balance (in shares) at Dec. 31, 2021								1,484
Beginning Balance at Dec. 31, 2021		$ 55,387			$ 54,918			$ 21	$ 6,371	$ 8,539	$ 69,201			$ (27,271)	$ (1,943)	$ 469
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		5,838			5,825						5,825					13
Other comprehensive income (loss)		(9,464)			(9,464)										(9,464)
Preferred stock dividends	[1]	(296)			(296)						(296)
Common stock dividends		(2,829)			(2,829)						(2,829)
Issuance of preferred stock		437			437				437
Issuance of common and treasury stock (in shares)								48
Issuance of common and treasury stock		$ 2,039			2,039					(32)				2,071
Purchase of treasury stock (in shares)		(1)						(1)
Purchase of treasury stock		$ (69)			(69)									(69)
Distributions to noncontrolling interests		(13)														(13)
Net other changes in noncontrolling interests		(3)														(3)
Stock option and restricted stock grants		205			205					205
Ending Balance (in shares) at Dec. 31, 2022								1,531
Ending Balance at Dec. 31, 2022		51,232			50,766			$ 21	6,808	8,712	71,901			(25,269)	(11,407)	466
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		5,458			5,429						5,429					29
Other comprehensive income (loss)		1,311			1,311										1,311
Preferred stock dividends	[2]	(350)			(350)						(350)
Common stock dividends		(3,000)			(3,000)						(3,000)
Issuance of common and treasury stock (in shares)								28
Issuance of common and treasury stock		$ 941			941					(264)				1,205
Purchase of treasury stock (in shares)		(1)						(1)
Purchase of treasury stock		$ (62)			(62)									(62)
Distributions to noncontrolling interests		(29)														(29)
Net other changes in noncontrolling interests		(1)														(1)
Stock option and restricted stock grants		225			225					225
Ending Balance (in shares) at Dec. 31, 2023								1,558
Ending Balance at Dec. 31, 2023		$ 55,771	$ 46		55,306	$ 46		$ 21	6,808	8,673	74,026	$ 46		(24,126)	(10,096)	465
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]		Accounting Standards Update 2022-02 [Member]
Net income (loss)		$ 6,329			6,299						6,299					30
Other comprehensive income (loss)		332			332										332
Preferred stock dividends	[4]	(352)			(352)						(352)
Common stock dividends		(3,110)			(3,110)						(3,110)
Issuance of common and treasury stock (in shares)								6
Issuance of common and treasury stock		$ 35			35					(199)				234
Purchase of treasury stock (in shares)		(4)						(4)
Purchase of treasury stock		$ (173)			(173)									(173)
Distributions to noncontrolling interests		(30)														(30)
Net other changes in noncontrolling interests		(3)														(3)
Stock option and restricted stock grants		$ 241			241					241
Ending Balance (in shares) at Dec. 31, 2024		1,600						1,560
Ending Balance at Dec. 31, 2024		$ 59,040			$ 58,578			$ 21	$ 6,808	$ 8,715	$ 76,863			$ (24,065)	$ (9,764)	$ 462
[1] Reflects dividends declared per share on the Company’s Series A, Series B, Series J, Series K, Series L, Series M, Series N, and Series O Non-Cumulative Perpetual Preferred Stock of $3,965.458, $962.487, $1,325.00, $1,375.00, $937.50, $1,000.00, $925.00, and $1,050.00 , respectively. Reflects dividends declared per share on the Company’s Series A, Series B, Series J, Series K, Series L, Series M, Series N, and Series O Non-Cumulative Perpetual Preferred Stock of $6,439.904, $1,503.518, $1,325.00, $1,375.00, $937.50, $1,000.00, $925.00, and $1,125.00, respectively. Effective January 1, 2023, the Company adopted accounting guidance which removed the separate recognition and measurement of troubled debt restructurings. Upon adoption, the Company reduced its allowance for credit losses and increased retained earnings net of deferred taxes through a cumulative-effect adjustment Reflects dividends declared per share on the Company’s Series A, Series B, Series J, Series K, Series L, Series M, Series N and Series O Non-Cumulative Perpetual Preferred Stock of $6,537.806, $1,527.702, $1,325.00, $1,375.00, $937.50, $1,000.00, $925.00, and $1,125.00, respectively.

Consolidated Statement of Sha_2

Consolidated Statement of Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Common stock dividends (in dollars per share)	$ 1.98	$ 1.93	$ 1.88
Series A
Preferred stock dividends declared (in dollars per share)	6,537.806	6,439.904	3,965.458
Series B
Preferred stock dividends declared (in dollars per share)	1,527.702	1,503.518	962.487
Series J
Preferred stock dividends declared (in dollars per share)	1,325	1,325	1,325
Series K
Preferred stock dividends declared (in dollars per share)	1,375	1,375	1,375
Series L
Preferred stock dividends declared (in dollars per share)	937.50	937.50	937.50
Series M
Preferred stock dividends declared (in dollars per share)	1,000	1,000	1,000
Series N
Preferred stock dividends declared (in dollars per share)	925	925	925
Series O
Preferred stock dividends declared (in dollars per share)	$ 1,125	$ 1,125	$ 1,050

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Operating Activities
Net income attributable to U.S. Bancorp	$ 6,299	$ 5,429	$ 5,825
Adjustments to reconcile net income to net cash provided by operating activities
Provision for credit losses	2,238	2,275	1,977
Depreciation and amortization of premises and equipment	370	382	345
Amortization of intangibles	569	636	215
(Gain) loss on sale of loans held for sale	(184)	7	387
(Gain) loss on sale of securities and other assets	123	119	(188)
Loans originated for sale, net of repayments	(24,225)	(26,936)	(33,127)
Proceeds from sales of loans held for sale	24,008	26,686	38,895
Other, net	2,075	(151)	6,790
Net cash provided by operating activities	11,273	8,447	21,119
Investing Activities
Proceeds from sales of available-for-sale investment securities	13,125	11,209	36,391
Proceeds from maturities of held-to-maturity investment securities	6,161	6,164	5,759
Proceeds from maturities of available-for-sale investment securities	6,006	6,314	14,927
Purchases of held-to-maturity investment securities	(246)	(932)	(7,091)
Purchases of available-for-sale investment securities	(35,886)	(8,342)	(24,592)
Net (increase) decrease in loans outstanding	(7,278)	3,829	(27,318)
Proceeds from sales of loans	645	5,707	4,420
Purchases of loans	(1,264)	(1,106)	(2,113)
Net (increase) decrease in securities purchased under agreements to resell	(3,859)	(2,404)	252
Net cash (paid for) received from acquisitions	(103)	(330)	12,257
Other, net	(1,835)	(1,184)	(5,392)
Net cash (used in) provided by investing activities	(24,534)	18,925	7,500
Financing Activities
Net increase (decrease) in deposits	6,001	(12,291)	(17,215)
Net increase (decrease) in short-term borrowings	239	(16,508)	15,213
Proceeds from issuance of long-term debt	12,017	15,583	8,732
Principal payments or redemption of long-term debt	(6,042)	(4,084)	(6,926)
Proceeds from issuance of preferred stock	0	0	437
Proceeds from issuance of common stock	32	951	21
Repurchase of preferred stock	0	0	(1,100)
Repurchase of common stock	(173)	(62)	(69)
Cash dividends paid on preferred stock	(356)	(341)	(299)
Cash dividends paid on common stock	(3,092)	(2,970)	(2,776)
Other, net	(55)	0	0
Net cash provided by (used in) financing activities	8,571	(19,722)	(3,982)
Change in cash and due from banks	(4,690)	7,650	24,637
Cash and due from banks at beginning of period	61,192	53,542	28,905
Cash and due from banks at end of period	56,502	61,192	53,542
Supplemental Cash Flow Disclosures
Cash paid for income taxes	499	645	767
Cash paid for interest	15,382	12,282	2,717
Noncash transfer of available-for-sale investment securities to held-to-maturity	0	0	40,695
Net noncash transfers to foreclosed property	24	26	23
Acquisitions
Assets acquired (sold)	106	(83)	106,209
Liabilities (assumed) sold	(3)	413	(95,753)
Net	$ 103	$ 330	$ 10,456

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2024
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 online 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 The consolidated financial statements include the accounts of the Company and its subsidiaries and all VIEs for which the Company has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance, and the obligation to absorb losses or right to receive benefits of the VIE that could potentially be significant to the VIE. Consolidation eliminates intercompany accounts and transactions. Certain items in prior periods have been reclassified to conform to the current period presentation. Uses of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual experience could differ from those estimates and assumptions. 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 Securities held for resale are classified as trading securities and are included in other assets and reported at fair value. Changes in fair value and realized gains or losses are reported in noninterest income. Available-for-sale Securities Debt securities that are not trading securities but may be sold before maturity in response to changes in the Company’s interest rate risk profile, funding needs, demand for collateralized deposits by public entities or other reasons, are carried at fair value with unrealized net gains or losses reported within other comprehensive income (loss). Declines in fair value related to credit, if any, are recorded through the establishment of an allowance for credit losses. Held-to-maturity Securities Debt securities for which the Company has the positive intent and ability to hold to maturity are reported at historical cost adjusted for amortization of premiums and accretion of discounts. Expected credit losses, if any, are recorded through the establishment of an allowance for credit losses. Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase Securities purchased under agreements to resell and securities sold under agreements to repurchase are accounted for as collateralized financing transactions with a receivable or payable recorded at the amounts at which the securities were acquired or sold, plus accrued interest. Collateral requirements are continually monitored and additional collateral is received or provided as required. The Company records a receivable or payable for cash collateral paid or received. 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 Loans the Company originates as held for investment are reported at the principal amount outstanding, net of unearned interest income and deferred fees and costs, and any direct principal charge-offs. Interest income is accrued on the unpaid principal balances as earned. Loan and commitment fees and certain direct loan origination costs are deferred and recognized over the life of the loan and/or commitment period as yield adjustments. Purchased Loans All purchased loans are recorded at fair value at the date of purchase and those acquired on or after January 1, 2020 are divided into those considered PCD and those not considered PCD. An allowance for credit losses is established for each population and considers product mix, risk characteristics of the portfolio, delinquency status and refreshed loan-to-value ratios when possible. The allowance established for purchased loans not considered PCD is recognized through provision expense upon acquisition, whereas the allowance established for loans considered PCD at acquisition is offset by an increase in the basis of the acquired loans. Any subsequent increases and decreases in the allowance related to purchased loans, regardless of PCD status, are recognized through provision expense, with charge-offs charged to the allowance. Commitments to Extend Credit Unfunded commitments for residential mortgage loans intended to be held for sale are considered derivatives and recorded in other assets and other liabilities on the Consolidated Balance Sheet at fair value with changes in fair value recorded in noninterest income. All other unfunded loan commitments are not considered derivatives and are not reported on the Consolidated Balance Sheet. Reserves for credit exposure on all other unfunded credit commitments are recorded in other liabilities. Allowance for Credit Losses The allowance for credit losses is established for current expected credit losses on the Company’s loan and lease portfolio, including unfunded credit commitments. The allowance considers expected losses for the remaining lives of the applicable assets, inclusive of expected recoveries. The allowance for credit losses is increased through provisions charged to earnings and reduced by net charge-offs. Management evaluates the appropriateness of the allowance for credit losses on a quarterly basis. 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, both better and 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 economic forecast uncertainty. 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, inflation, interest rates and corporate bonds 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 losses on lease residuals, and the remaining term of the loan, adjusted for expected prepayments. For each loan portfolio, including those loans modified under various loan modification programs, model estimates are adjusted as necessary to consider any relevant changes in portfolio composition, lending policies, underwriting standards, risk management practices, economic conditions or other factors that would affect the accuracy of the model. Expected credit loss estimates also include consideration of expected cash recoveries on loans previously charged-off or expected recoveries on collateral dependent loans where recovery is expected through sale of the collateral at fair value less selling costs. Where loans do not exhibit similar risk characteristics, an individual analysis is performed to consider expected credit losses. For loans and leases that do not share similar risk characteristics with a pool of loans, the Company establishes individually assessed reserves. Reserves for individual commercial nonperforming loans greater than $5 million in the commercial lending segment are analyzed utilizing expected cash flows discounted using the original effective interest rate, the observable market price of the loan, or the fair value of the collateral, less selling costs, for collateral-dependent loans as appropriate. For smaller commercial loans collectively evaluated for impairment, historical loss experience is also incorporated into the allowance methodology applied to this category of loans. 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 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 sheet loan commitments, letters of credit, investment securities and derivatives. Credit risk associated with derivatives is reflected in the fair values recorded for those positions. The liability for off-balance sheet credit exposure related to loan commitments and other credit guarantees is included in other liabilities. Because business processes and credit risks associated with unfunded credit commitments are essentially the same as for loans, the Company utilizes similar processes to estimate its liability for unfunded credit commitments. 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. Credit Quality The credit quality of the Company’s loan portfolios is assessed as a function of net credit losses, levels of nonperforming assets and delinquencies, and credit quality ratings as defined by the Company. 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 or partially charged down to the fair value of the collateral securing the loan, less costs to sell, when the loan is placed on nonaccrual. Consumer lending segment loans are generally charged-off at a specific number of days or payments past due. Residential mortgages and other retail loans secured by 1-4 family properties are generally charged down to the fair value of the collateral securing the loan, less costs to sell, at 180 days past due. Residential mortgage loans and lines in a first lien position are placed on nonaccrual status in instances where a partial charge-off occurs unless the loan is well secured and in the process of collection. Residential mortgage loans and lines in a junior lien position secured by 1-4 family properties are placed on nonaccrual status at 120 days past due or when they are behind a first lien that has become 180 days or greater past due or placed on nonaccrual status. Any secured consumer lending segment loan whose borrower has had debt discharged through bankruptcy, for which the loan amount exceeds the fair value of the collateral, is charged down to the fair value of the related collateral and the remaining balance is placed on nonaccrual status. Credit card loans continue to accrue interest until the account is charged-off. Credit cards are charged-off at 180 days past due. Other retail loans not secured by 1-4 family properties are charged-off at 120 days past due; and revolving consumer lines are charged-off at 180 days past due. Similar to credit cards, other retail loans are generally not placed on nonaccrual status because of the relative short period of time to charge-off. Certain retail customers having financial difficulties may have the terms of their credit card and other loan agreements modified to require only principal payments and, as such, are reported as nonaccrual. 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. Loan Modifications In certain circumstances, the Company may modify the terms of a loan to maximize the collection of amounts due when a borrower is experiencing financial difficulties or is expected to experience difficulties in the near-term. The Company recognizes interest on modified loans if full collection of contractual principal and interest is expected. The effects of modifications on credit loss expectations, such as improved payment capacity, longer expected lives and other factors, are considered when measuring the allowance for credit losses. Modification performance, including redefault rates and how these compare to historical losses, are also considered. Modifications generally do not result in significant changes to the Company’s allowance for credit losses. For the commercial lending segment, modifications generally result in the Company working with borrowers on a case-by-case basis. Commercial and commercial real estate modifications generally include extensions of the maturity date and may be accompanied by an increase or decrease to the interest rate. In addition, the Company may work with the borrower in identifying other changes that mitigate loss to the Company, which may include additional collateral or guarantees to support the loan. To a lesser extent, the Company may provide an interest rate reduction. 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. These modifications 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 some instances, participation in residential mortgage loan modification 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. Credit card and other retail loan modifications are generally part of distinct modification 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. Leases The Company, as a lessor, originates retail and commercial leases either directly to the consumer or indirectly through dealer networks. Retail leases, primarily automobiles, have terms up to 5 years. Commercial leases may include high dollar assets such as aircraft or lower cost items such as office equipment. At lease inception, retail lease customers may be provided with an end-of-term purchase option, which is based on the contractual residual value of the automobile at the expiration of the lease. Automobile leases do not typically contain options to extend or terminate the lease. Equipment leases may contain various types of purchase options. Some option amounts are a stated value, while others are determined using the fair market value at the time of option exercise. 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 efforts, insurance coverage and ancillary fees and costs. Valuations for commercial leases are based upon external or internal management appraisals. The Company manages its risk to changes in the residual value of leased vehicles, office and business equipment, and other assets through disciplined residual valuation setting at the inception of a lease, diversification of its leased assets, regular residual asset valuation reviews and monitoring of residual value gains or losses upon the disposition of assets. Retail lease residual value risk is mitigated further by the purchase of residual value insurance coverage and effective end-of-term marketing of off-lease vehicles. 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 components in the majority of its lease contracts as a single lease component, with the determination of the lease liability at lease inception based on the present value of the consideration to be paid under the contract. The discount rate used by the Company is determined at commencement of the lease using a secured rate for a similar term as the period of the lease. The Company’s leases do not include significant variable lease payments. Certain of the Company’s real estate leases include options to extend. Lease extension options are generally exercisable at market rates. Option periods that the Company is reasonably certain that it will exercise are included in the calculation of its ROU assets and lease liabilities. Other Real Estate OREO is included in other assets, and is property acquired through foreclosure or other proceedings on defaulted loans. OREO is initially recorded at fair value, less estimated selling costs. The fair value of OREO is evaluated regularly and any decreases in value along with holding costs, such as taxes and insurance, are reported in noninterest expense. 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 value as determined on an aggregate basis by type of loan with the exception of loans for which the Company has elected fair value accounting, which are carried at fair value. Any writedowns to fair value upon the transfer of loans to LHFS are reflected in loan charge-offs. 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 value, any further decreases are recognized in noninterest income and increases in fair value above the loan cost basis are not recognized until the loans are sold. Fair value elections are made at the time of origination or purchase based on the Company’s fair value election policy. The Company has elected fair value accounting for substantially all its MLHFS. Derivative Financial Instruments I n 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 I n 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: Card Revenue Card revenue includes interchange from credit, debit and stored-value cards processed through card association networks, annual fees, and other transaction and account management fees. Interchange rates are generally set by the card associations and based on purchase volumes and other factors. The Company records interchange as services are provided. Transaction and account management fees are recognized as services are provided, except for annual fees which are recognized over the applicable period. Costs for rewards programs and certain payments to partners and card associations are also recorded within card revenue when services are provided. The Company predominately records card revenue within the Payment Services business segment. Corporate Payment Products Revenue Corporate payment products revenue primarily includes interchange from commercial card products processed through card association networks and revenue from proprietary network transactions. The Company records corporate payment products revenue as services are provided. Certain payments to card associations and customers are also recorded within corporate payment products revenue as services are provided. Corporate payment products revenue is recorded within the Payment Services business segment. Merchant Processing Services Merchant processing services revenue consists principally of merchant discount and other transaction and account management fees charged to merchants for the electronic processing of card association network transactions, less interchange paid to the card-issuing bank, card association assessments, and revenue sharing amounts. All of these are recognized at the time the merchant’s services are performed. The Company may enter into revenue sharing agreements with referral partners or in connection with purchases of merchant contracts from sellers. The revenue sharing amounts are determined primarily on sales volume processed or revenue generated for a particular group of merchants. Merchant processing revenue also includes revenues related to point-of-sale equipment recorded as sales when the equipment is shipped or as earned for equipment rentals. The Company records merchant processing services revenue within the Payment Services business segment. Trust and Investment Management Fees Trust and investment management fees are recognized over the period in which services are performed and are based on a percentage of the fair value of the assets under management or administration, fixed based on account type, or transaction-based fees. Services provided to clients include trustee, transfer agent, custodian, fiscal agent, escrow, fund accounting and administration services. Services provided to mutual funds may include selling, distribution and marketing services. Trust and investment management fees are predominately recorded within the Wealth, Corporate, Commercial and Institutional Banking business segment. Service Charges Service charges include fees received on deposit accounts under depository agreements with customers to provide access to deposited funds, serve as a custodian of funds, and when applicable, pay interest on deposits. Checking or savings accounts may contain fees for various services used on a day-to-day basis by a customer. Fees are recognized as services are delivered to and consumed by the customer, or as fees are charged. Service charges also include revenue generated from ATM transaction processing and settlement services which is recognized at the time the services are performed. Certain payments to partners and card associations related to ATM processing services are also recorded within service charges as services are provided. Further, revenue generated from treasury management services are included in service charges and include fees for a broad range of products and services that enable customers to manage their cash more efficiently. These products and services include cash and investment management, receivables management, disbursement services, funds transfer services, and information reporting. Treasury management revenue is recognized as products and services are provided to customers. The Company reflects a discount calculated on monthly average collected customer balances. Service charges are reported primarily within the Wealth, Corporate, Commercial and Institutional Banking, and Consumer and Business Banking business segments. Commercial Products Revenue Commercial products revenue primarily includes revenue related to ancillary services provided to Wealth, Corporate, Commercial and Institutional Banking, and Consumer and Business Banking customers, including underwriting fees, standby letter of credit fees, non-yield related loan fees, loan and syndication fees, and revenue recognized on customer-related derivatives and sales of direct financing leases. The Company charges underwriting fees when leading or participating with a group of underwriters in raising investment capital on behalf of securities issuers. These fees are recognized at securities issuance. The Company, in its role as lead underwriter, arranges deal structuring and use of outside vendors for the underwriting group. The Company recognizes only those fees and expenses related to its underwriting commitment. Sales of direct financing leases are recognized at point of sale. Mortgage Banking Revenue Mortgage banking revenue includes revenue derived from mortgages originated and subsequently sold, generally with

Accounting Changes

Accounting Changes	12 Months Ended
	Dec. 31, 2024
Accounting Changes and Error Corrections [Abstract]
Accounting Changes	NOTE 2 Accounting Changes Reference Interest Rate Transition In March 2020, the Financial Accounting Standards Board (“FASB”) issued accounting guidance to ease the financial reporting burdens related to the market transition from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative reference rates. The guidance provided temporary optional expedients and exceptions to the guidance in United States generally accepted accounting principles on contract modifications and hedge accounting. The guidance was effective upon issuance and generally could be applied through December 31, 2024. The adoption of this guidance was not material to the Company's financial statements. Income Taxes – Improvements to Income Tax Disclosures In December 2023, the FASB issued guidance, effective for the Company for annual reporting periods beginning after December 15, 2024, related to income tax disclosures. This guidance requires additional information in income tax rate reconciliation disclosures and additional disclosures about income taxes paid. The guidance is required, at a minimum, to be adopted on a prospective basis, with an option to apply it retrospectively. The Company expects the adoption of this guidance will not be material to its financial statements. Segment Reporting – Improvements to Reportable Segment Disclosures

Restrictions on Cash and Due fr

Restrictions on Cash and Due from Banks	12 Months Ended
	Dec. 31, 2024
Cash and Cash Equivalents [Abstract]
Restrictions on Cash and Due from Banks	NOTE 3 Restrictions on Cash and Due from Banks

Investment Securities

Investment Securities	12 Months Ended
	Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Investment Securities	NOTE 4 Investment Securities The Company’s held-to-maturity investment securities are carried at historical cost, adjusted for amortization of premiums and accretion of discounts. The Company’s available-for-sale investment securities are carried at fair value with unrealized net gains or losses reported within accumulated other comprehensive income (loss) in shareholders’ equity. The amortized cost, gross unrealized holding gains and losses, and fair value of held-to-maturity and available-for-sale investment securities at December 31 were as follows: 2024 2023 (Dollars in Millions) Amortized Cost Unrealized Gains Unrealized Losses Fair Value Amortized Cost Unrealized Gains Unrealized Losses Fair Value Held-to-Maturity U.S. Treasury and agencies $ 1,296 $ — $ (21) $ 1,275 $ 1,345 $ — $ (35) $ 1,310 Mortgage-backed securities Residential agency 75,392 3 (12,317) 63,078 80,997 6 (9,929) 71,074 Commercial agency 1,702 — (27) 1,675 1,695 6 (5) 1,696 Other 244 3 — 247 8 — — 8 Total held-to-maturity $ 78,634 $ 6 $ (12,365) $ 66,275 $ 84,045 $ 12 $ (9,969) $ 74,088 Available-for-Sale U.S. Treasury and agencies $ 30,467 $ 1 $ (2,081) $ 28,387 $ 21,768 $ 8 $ (2,234) $ 19,542 Mortgage-backed securities Residential agency 35,558 13 (2,290) 33,281 28,185 104 (2,211) 26,078 Commercial Agency 8,673 — (1,322) 7,351 8,703 — (1,360) 7,343 Non-agency 7 — (1) 6 7 — (1) 6 Asset-backed securities 7,136 30 (1) 7,165 6,713 25 (14) 6,724 Obligations of state and political subdivisions 10,690 13 (1,151) 9,552 10,867 36 (914) 9,989 Other 249 1 — 250 24 — — 24 Total available-for-sale, excluding portfolio level basis adjustments 92,780 58 (6,846) 85,992 76,267 173 (6,734) 69,706 Portfolio level basis adjustments (a) 13 — (13) — 335 — (335) — Total available-for-sale $ 92,793 $ 58 $ (6,859) $ 85,992 $ 76,602 $ 173 $ (7,069) $ 69,706 (a) Represents fair value hedge basis adjustments related to active portfolio layer method hedges of available-for-sale investment securities, which are not allocated to individual securities in the portfolio. For additional information, refer to Note 19. Investment securities with a fair value of $18.8 billion at December 31, 2024, and $20.5 billion at December 31, 2023, 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 $320 million at December 31, 2024, and $338 million at December 31, 2023. The following table provides information about the amount of interest income from taxable and non-taxable investment securities: Year Ended December 31 (Dollars in Millions) 2024 2023 2022 Taxable $ 4,808 $ 4,171 $ 3,081 Non-taxable 303 314 297 Total interest income from investment securities $ 5,111 $ 4,485 $ 3,378 The following table provides information about the amount of gross gains and losses realized through the sales of available-for-sale investment securities: Year Ended December 31 (Dollars in Millions) 2024 2023 2022 Realized gains $ 147 $ 74 $ 163 Realized losses (301) (219) (143) Net realized gains (losses) $ (154) $ (145) $ 20 Income tax expense (benefit) on net realized gains (losses) $ (39) $ (37) $ 5 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, 2024 and December 31, 2023. At December 31, 2024, certain investment securities had a fair value below amortized cost. The following table shows the gross unrealized losses excluding portfolio level basis adjustments and fair value of the Company’s available-for-sale investment securities with unrealized losses, aggregated by investment category and length of time the individual investment securities have been in continuous unrealized loss positions, at December 31, 2024: Less Than 12 Months 12 Months or Greater Total (Dollars in Millions) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Treasury and agencies $ 9,236 $ (28) $ 16,978 $ (2,053) $ 26,214 $ (2,081) Mortgage-backed securities Residential agency 15,369 (275) 15,738 (2,015) 31,107 (2,290) Commercial Agency — — 7,351 (1,322) 7,351 (1,322) Non-agency — — 7 (1) 7 (1) Asset-backed securities 35 — 1,164 (1) 1,199 (1) Obligations of state and political subdivisions 1,697 (21) 7,435 (1,130) 9,132 (1,151) Other 2 — 4 — 6 — Total investment securities $ 26,339 $ (324) $ 48,677 $ (6,522) $ 75,016 $ (6,846) These unrealized losses primarily relate to changes in interest rates and market spreads subsequent to purchase of these available-for-sale investment securities. U.S. Treasury and agencies securities and agency mortgage-backed securities are issued, guaranteed or otherwise supported by the United States government. The Company’s obligations of state and political subdivisions are generally high grade. Accordingly, the Company does not consider these unrealized losses to be credit-related and an allowance for credit losses is not necessary. In general, the issuers of the investment securities are contractually prohibited from prepayment at less than par, and the Company did not pay significant purchase premiums for these investment securities. At December 31, 2024, the Company had no plans to 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 years ended December 31, 2024 and 2023, the Company did not purchase any investment securities that had more-than-insignificant credit deterioration. Predominantly all of the Company’s held-to-maturity investment securities are U.S. Treasury and agencies securities and highly rated agency mortgage-backed securities that are guaranteed or otherwise supported by the United States government and have no history of credit losses. Accordingly the Company does not expect to incur any credit losses on held-to-maturity investment securities and has no allowance for credit losses recorded for these 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, 2024: (Dollars in Millions) Amortized Fair Value Weighted- Weighted- Average Yield (e) Held-to-Maturity U.S. Treasury and agencies Maturing in one year or less $ 650 $ 647 0.4 2.71 % Maturing after one year through five years 646 628 2.3 3.00 Maturing after five years through ten years — — — — Maturing after ten years — — — — Total $ 1,296 $ 1,275 1.3 2.85 % Mortgage-backed securities (a) Maturing in one year or less $ 42 $ 41 0.8 4.52 % Maturing after one year through five years 2,110 2,091 3.5 4.49 Maturing after five years through ten years 73,667 61,626 9.0 2.12 Maturing after ten years 1,275 995 10.1 2.18 Total $ 77,094 $ 64,753 8.8 2.19 % Other Maturing in one year or less $ 19 $ 16 0.2 3.24 % Maturing after one year through five years 225 231 2.4 2.68 Maturing after five years through ten years — — — — Maturing after ten years — — — — Total $ 244 $ 247 2.2 2.73 % Total held-to-maturity (b) $ 78,634 $ 66,275 8.7 2.20 % Available-for-Sale U.S. Treasury and agencies Maturing in one year or less $ 11 $ 11 0.1 4.64 % Maturing after one year through five years 14,070 13,335 3.2 2.63 Maturing after five years through ten years 15,629 14,476 6.5 3.35 Maturing after ten years 757 565 10.6 1.92 Total $ 30,467 $ 28,387 5.1 2.98 % Mortgage-backed securities (a) Maturing in one year or less $ 30 $ 29 0.6 2.02 % Maturing after one year through five years 6,028 5,611 3.9 2.87 Maturing after five years through ten years 37,699 34,560 7.9 3.96 Maturing after ten years 481 438 11.0 4.76 Total $ 44,238 $ 40,638 7.4 3.82 % Asset-backed securities (a) Maturing in one year or less $ — $ — — — % Maturing after one year through five years 3,668 3,684 1.7 4.90 Maturing after five years through ten years 3,468 3,481 5.9 6.26 Maturing after ten years — — — — Total $ 7,136 $ 7,165 3.8 5.56 % Obligations of state and political subdivisions (c)(d) Maturing in one year or less $ 128 $ 128 0.4 5.53 % Maturing after one year through five years 1,698 1,687 2.5 4.67 Maturing after five years through ten years 1,563 1,474 7.2 3.69 Maturing after ten years 7,301 6,263 14.9 3.47 Total $ 10,690 $ 9,552 11.7 3.72 % Other Maturing in one year or less $ 49 $ 49 0.7 4.66 % Maturing after one year through five years 200 201 1.7 4.82 Maturing after five years through ten years — — — — Maturing after ten years — — — — Total $ 249 $ 250 1.5 4.79 % Total available-for-sale (b)(f) $ 92,780 $ 85,992 6.8 3.67 % (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) The weighted-average maturity of total held-to-maturity investment securities was 8.7 years at December 31, 2023, with a corresponding weighted-average yield of 2.22 percent. The weighted-average maturity of total available-for-sale investment securities was 6.3 years at December 31, 2023, with a corresponding weighted-average yield of 3.12 percent. (c) 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. (d) 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. (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 to held-to maturity. (f) Amortized cost excludes portfolio level basis adjustments of $13 million.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Loans and Allowance for Credit Losses	NOTE 5 Loans and Allowance for Credit Losses The composition of the loan portfolio at December 31, by class and underlying specific portfolio type, was as follows: (Dollars in Millions) 2024 2023 Commercial Commercial $ 135,254 $ 127,676 Lease financing 4,230 4,205 Total commercial 139,484 131,881 Commercial Real Estate Commercial mortgages 38,619 41,934 Construction and development 10,240 11,521 Total commercial real estate 48,859 53,455 Residential Mortgages Residential mortgages 112,806 108,605 Home equity loans, first liens 6,007 6,925 Total residential mortgages 118,813 115,530 Credit Card 30,350 28,560 Other Retail Retail leasing 4,040 4,135 Home equity and second mortgages 13,565 13,056 Revolving credit 3,747 3,668 Installment 14,373 13,889 Automobile 6,601 9,661 Total other retail 42,326 44,409 Total loans $ 379,832 $ 373,835 Th e Company had loans of $127.6 billion at December 31, 2024, and $123.1 billion at December 31, 2023, pledged at the Federal Home Loan Bank, and loans of $85.1 billion at December 31, 2024, and $82.8 billion at December 31, 2023, 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. Purchased loans are recorded at fair value at the date of purchase. Net unearned interest and deferred fees and costs on originated loans and unamortized premiums and discounts on purchased loans amounted to $2.5 billion at December 31, 2024 and $2.7 billion at December 31, 2023. 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 credit deteriorated loans. Allowance for Credit Losses The allowance for credit losses is established for current expected credit losses on the Company’s loan and lease portfolio, including unfunded credit commitments. The allowance considers expected losses for the remaining lives of the applicable assets, inclusive of expected recoveries. The allowance for credit losses is increased through provisions charged to earnings and reduced by net charge-offs. Activity in the allowance for credit losses by portfolio class was as follows: (Dollars in Millions) Commercial Commercial Real Estate Residential Mortgages Credit Other Total Balance at December 31, 2023 $ 2,119 $ 1,620 $ 827 $ 2,403 $ 870 $ 7,839 Add Provision for credit losses 608 53 (53) 1,464 166 2,238 Deduct Loans charged-off 652 229 13 1,406 313 2,613 Less recoveries of loans charged-off (100) (64) (22) (179) (96) (461) Net loan charge-offs (recoveries) 552 165 (9) 1,227 217 2,152 Balance at December 31, 2024 $ 2,175 $ 1,508 $ 783 $ 2,640 $ 819 $ 7,925 Balance at December 31, 2022 $ 2,163 $ 1,325 $ 926 $ 2,020 $ 970 $ 7,404 Add Change in accounting principle (a) — — (31) (27) (4) (62) Allowance for acquired credit losses (b) — 127 — — — 127 Provision for credit losses 270 431 41 1,259 274 2,275 Deduct Loans charged-off 389 281 129 1,014 478 2,291 Less recoveries of loans charged-off (75) (18) (20) (165) (108) (386) Net loan charge-offs (recoveries) 314 263 109 849 370 1,905 Balance at December 31, 2023 $ 2,119 $ 1,620 $ 827 $ 2,403 $ 870 $ 7,839 Balance at December 31, 2021 $ 1,849 $ 1,123 $ 565 $ 1,673 $ 945 $ 6,155 Add Allowance for acquired credit losses (b) 163 87 36 45 5 336 Provision for credit losses (c) 378 152 302 826 319 1,977 Deduct Loans charged-off (d) 319 54 13 696 418 1,500 Less recoveries of loans charged-off (92) (17) (36) (172) (120) (437) Net loan charge-offs (recoveries) 227 37 (23) 524 298 1,063 Other Changes — — — — (1) (1) Balance at December 31, 2022 $ 2,163 $ 1,325 $ 926 $ 2,020 $ 970 $ 7,404 (a) Effective January 1, 2023, the Company adopted accounting guidance which removed the separate recognition and measurement of troubled debt restructurings. (b) Represents allowance for credit deteriorated and charged-off loans acquired from MUB. (c) Includes $662 million of provision for credit losses related to the acquisition of MUB. (d) Includes $179 million of total charge-offs primarily on loans previously charged-off by MUB, which were written up upon acquisition to unpaid principal balance as required by purchase accounting. The increase in the allowance for credit losses from December 31, 2023 to December 31, 2024 was primarily driven by loan portfolio growth. The following table provides a summary of loans charged-off by portfolio class and year of origination for the years ended December 31: (Dollars in Millions) Commercial Commercial Real Estate (a) Residential Mortgages (b) Credit Card (c) Other Retail (d) Total Loans 2024 Originated in 2024 $ 30 $ 117 $ — $ — $ 13 $ 160 Originated in 2023 84 51 — — 47 182 Originated in 2022 178 55 3 — 52 288 Originated in 2021 32 1 — — 40 73 Originated in 2020 12 1 — — 21 34 Originated prior to 2020 41 4 10 — 35 90 Revolving 275 — — 1,406 105 1,786 Total charge-offs $ 652 $ 229 $ 13 $ 1,406 $ 313 $ 2,613 2023 Originated in 2023 $ 48 $ 63 $ — $ — $ 57 $ 168 Originated in 2022 63 88 1 — 130 282 Originated in 2021 30 69 6 — 83 188 Originated in 2020 17 2 8 — 38 65 Originated in 2019 15 3 16 — 31 65 Originated prior to 2019 53 56 98 — 31 238 Revolving 163 — — 1,014 80 1,257 Revolving converted to term — — — — 28 28 Total charge-offs $ 389 $ 281 $ 129 $ 1,014 $ 478 $ 2,291 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. Predominantly all current year and near term loan origination years for gross charge-offs relate to existing loans that have had recent maturity date, pricing or commitment amount amendments. (a) Includes $91 million of 2023 charge-offs related to uncollectible amounts on acquired loans. (b) Includes $117 million of 2023 charge-offs related to balance sheet repositioning and capital management actions. (c) Predominantly all credit card loans are considered revolving loans. Includes an immaterial amount of charge-offs related to revolving converted to term loans. (d) Includes $192 million of 2023 charge-offs related to balance sheet repositioning and capital management actions. Credit Quality The credit quality of the Company’s loan portfolios is assessed as a function of net credit losses, levels of nonperforming assets and delinquencies, and credit quality ratings as defined by the Company. These credit quality ratings are an important part of the Company’s overall credit risk management process and evaluation of the allowance for credit losses. 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 Past Due 90 Days or More Past Due Nonperforming (b) Total December 31, 2024 Commercial $ 138,362 $ 356 $ 96 $ 670 $ 139,484 Commercial real estate 47,948 78 9 824 48,859 Residential mortgages (a) 118,267 188 206 152 118,813 Credit card 29,487 428 435 — 30,350 Other retail 41,886 229 64 147 42,326 Total loans $ 375,950 $ 1,279 $ 810 $ 1,793 $ 379,832 December 31, 2023 Commercial $ 130,925 $ 464 $ 116 $ 376 $ 131,881 Commercial real estate 52,619 55 4 777 53,455 Residential mortgages (a) 115,067 169 136 158 115,530 Credit card 27,779 406 375 — 28,560 Other retail 43,926 278 67 138 44,409 Total loans $ 370,316 $ 1,372 $ 698 $ 1,449 $ 373,835 (a) At December 31, 2024, $660 million of loans 30–89 days past due and $2.3 billion of loans 90 days or more past due purchased and that could be purchased from GNMA mortgage pools under delinquent loan repurchase options 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 $595 million and $2.0 billion at December 31, 2023, respectively. (b) Substantially all nonperforming loans at December 31, 2024 and 2023, had an associated allowance for credit losses. The Company recognized interest income on nonperforming loans of $29 million and $22 million for the years ended December 31, 2024 and 2023, respectively, compared to what would have been recognized at the original contractual terms of the loans of $66 million and $49 million, respectively. At December 31, 2024, total nonperforming assets held by the Company were $1.8 billion, compared with $1.5 billion at December 31, 2023. Total nonperforming assets included $1.8 billion of nonperforming loans, $21 million of OREO and $18 million of other nonperforming assets owned by the Company at December 31, 2024, compared with $1.4 billion, $26 million and $19 million, respectively, at December 31, 2023. At December 31, 2024, the amount of foreclosed residential real estate held by the Company, and included in OREO, was $21 million, compared with $26 million at December 31, 2023. These amounts excluded $46 million and $47 million at December 31, 2024 and December 31, 2023, 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, 2024 and December 31, 2023, was $576 million and $728 million, respectively, of which $354 million and $487 million, respectively, related to loans purchased and that could be purchased from GNMA mortgage pools under delinquent loan repurchase options 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, 2024 December 31, 2023 Criticized Criticized (Dollars in Millions) Pass Special Mention Classified (a) Total Criticized Total Pass Special Mention Classified (a) Total Criticized Total Commercial Originated in 2024 $ 57,578 $ 503 $ 1,034 $ 1,537 $ 59,115 $ — $ — $ — $ — $ — Originated in 2023 19,128 173 564 737 19,865 43,023 827 856 1,683 44,706 Originated in 2022 19,718 231 370 601 20,319 40,076 274 632 906 40,982 Originated in 2021 4,677 60 92 152 4,829 9,219 117 154 271 9,490 Originated in 2020 2,737 68 68 136 2,873 3,169 92 71 163 3,332 Originated prior to 2020 4,075 8 75 83 4,158 5,303 30 209 239 5,542 Revolving (b) 27,344 169 812 981 28,325 26,213 362 1,254 1,616 27,829 Total commercial 135,257 1,212 3,015 4,227 139,484 127,003 1,702 3,176 4,878 131,881 Commercial real estate Originated in 2024 9,652 261 1,772 2,033 11,685 — — — — — Originated in 2023 5,213 42 760 802 6,015 8,848 465 2,206 2,671 11,519 Originated in 2022 9,047 661 913 1,574 10,621 11,831 382 1,141 1,523 13,354 Originated in 2021 6,515 100 196 296 6,811 9,235 500 385 885 10,120 Originated in 2020 2,954 29 137 166 3,120 3,797 51 87 138 3,935 Originated prior to 2020 7,868 119 471 590 8,458 10,759 458 619 1,077 11,836 Revolving 2,078 — 68 68 2,146 2,613 6 70 76 2,689 Revolving converted to term 3 — — — 3 2 — — — 2 Total commercial real estate 43,330 1,212 4,317 5,529 48,859 47,085 1,862 4,508 6,370 53,455 Residential mortgages (c) Originated in 2024 10,291 — — — 10,291 — — — — — Originated in 2023 8,764 — 11 11 8,775 9,734 — 5 5 9,739 Originated in 2022 28,484 — 43 43 28,527 29,146 — 17 17 29,163 Originated in 2021 34,694 — 35 35 34,729 36,365 — 16 16 36,381 Originated in 2020 13,748 — 16 16 13,764 14,773 — 9 9 14,782 Originated prior to 2020 22,463 — 264 264 22,727 25,202 — 262 262 25,464 Revolving — — — — — 1 — — — 1 Total residential mortgages 118,444 — 369 369 118,813 115,221 — 309 309 115,530 Credit card (d) 29,915 — 435 435 30,350 28,185 — 375 375 28,560 Other retail Originated in 2024 7,398 — 3 3 7,401 — — — — — Originated in 2023 3,966 — 9 9 3,975 5,184 — 4 4 5,188 Originated in 2022 4,085 — 11 11 4,096 5,607 — 12 12 5,619 Originated in 2021 6,537 — 14 14 6,551 10,398 — 15 15 10,413 Originated in 2020 2,715 — 6 6 2,721 4,541 — 9 9 4,550 Originated prior to 2020 2,828 — 15 15 2,843 4,008 — 20 20 4,028 Revolving 13,846 — 120 120 13,966 13,720 — 104 104 13,824 Revolving converted to term 731 — 42 42 773 735 — 52 52 787 Total other retail 42,106 — 220 220 42,326 44,193 — 216 216 44,409 Total loans $ 369,052 $ 2,424 $ 8,356 $ 10,780 $ 379,832 $ 361,687 $ 3,564 $ 8,584 $ 12,148 $ 373,835 Total outstanding commitments $ 778,155 $ 3,875 $ 10,441 $ 14,316 $ 792,471 $ 762,869 $ 5,053 $ 10,470 $ 15,523 $ 778,392 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. Predominantly all current year and nearer term loan origination years for criticized loans relate to existing loans that have had recent maturity date, pricing or commitment amount amendments. (a) Classified rating on consumer loans primarily based on delinquency status. (b) Includes an immaterial amount of revolving converted to term loans. (c) At December 31, 2024, $2.3 billion of GNMA loans 90 days or more past due and $1.4 billion of modified 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 $2.0 billion and $1.2 billion at December 31, 2023, respectively. (d) Predominately all credit card loans are considered revolving loans. Includes an immaterial amount of revolving converted to term loans. Loan Modifications In certain circumstances, the Company may modify the terms of a loan to maximize the collection of amounts due when a borrower is experiencing financial difficulties or is expected to experience difficulties in the near-term. The following table provides a summary of period-end balances of loans modified during the periods presented, by portfolio class and modification granted: Year Ended December 31 (Dollars in Millions) Interest Rate Reduction Payment Delay Term Extension Multiple Modifications (a) Total Modifications Percent of Class Total 2024 Commercial $ 77 $ 2 $ 526 $ — $ 605 .4 % Commercial real estate 43 — 1,107 70 1,220 2.5 Residential mortgages (b) — 79 17 23 119 .1 Credit card 414 11 — — 425 1.4 Other retail 7 3 125 4 139 .3 Total loans, excluding loans purchased from GNMA mortgage pools 541 95 1,775 97 2,508 .7 Loans purchased from GNMA mortgage pools (b) 1 1,215 292 407 1,915 1.6 Total loans $ 542 $ 1,310 $ 2,067 $ 504 $ 4,423 1.2 % 2023 Commercial $ 46 $ — $ 286 $ 33 $ 365 .3 % Commercial real estate — — 645 72 717 1.3 Residential mortgages (b) — 234 26 20 280 .2 Credit card 349 1 — — 350 1.2 Other retail 7 21 144 3 175 .4 Total loans, excluding loans purchased from GNMA mortgage pools 402 256 1,101 128 1,887 .5 Loans purchased from GNMA mortgage pools (b) — 1,263 255 321 1,839 1.6 Total loans $ 402 $ 1,519 $ 1,356 $ 449 $ 3,726 1.0 % (a) Includes $310 million of total loans receiving a payment delay and term extension, $155 million of total loans receiving an interest rate reduction and term extension and $39 million of total loans receiving an interest rate reduction, payment delay and term extension for the year ended December 31, 2024, compared with $329 million, $112 million and $8 million for the year ended December 31, 2023, respectively. (b) Percent of class total amounts expressed as a percent of total residential mortgage loan balances. Loan modifications included in the table above exclude trial period arrangements offered to customers and secured loans to consumer borrowers that have had debt discharged through bankruptcy where the borrower has not reaffirmed the debt during the periods presented. At December 31, 2024, the balance of loans modified in trial period arrangements was $189 million, while the balance of secured loans to consumer borrowers that have had debt discharged through bankruptcy was not material. The following table summarizes the effects of loan modifications made to borrowers on loans modified: Year Ended December 31 Weighted-Average Interest Rate Reduction Weighted-Average Months of Term Extension 2024 Commercial (a) 20.3 % 11 Commercial real estate 3.2 13 Residential mortgages 1.1 90 Credit card 16.4 — Other retail 7.7 5 Loans purchased from GNMA mortgage pools .6 110 2023 Commercial (a) 13.0 12 Commercial real estate 3.5 11 Residential mortgages 1.2 98 Credit card 15.4 — Other retail 7.9 4 Loans purchased from GNMA mortgage pools .6 103 Note: The weighted-average payment deferral for all portfolio classes was less than $1 million for the years ended December 31, 2024 and 2023. Forbearance payments are required to be paid at the end of the original term loan. (a) The weighted-average interest rate reduction was primarily driven by commercial cards. Loans that receive a forbearance plan generally remain in default until they are no longer delinquent as the result of the payment of all past due amounts or the borrower receiving a term extension or modification. Therefore, loans only receiving forbearance plans are not included in the table below. The following table provides a summary of loan balances as of December 31, which were modified during the prior twelve months, by portfolio class and delinquency status: (Dollars in Millions) Current 30-89 Days Past Due 90 Days or More Past Due Total 2024 Commercial $ 395 $ 26 $ 167 $ 588 Commercial real estate 875 26 319 1,220 Residential mortgages (a) 1,469 4 6 1,479 Credit card 302 73 39 414 Other retail 112 19 6 137 Total loans $ 3,153 $ 148 $ 537 $ 3,838 2023 Commercial $ 255 $ 12 $ 98 $ 365 Commercial real estate 524 — 193 717 Residential mortgages (a) 1,385 24 16 1,425 Credit card 251 67 32 350 Other retail 133 21 8 162 Total loans $ 2,548 $ 124 $ 347 $ 3,019 (a) At December 31, 2024, $442 million of loans 30-89 days past due and $324 million of loans 90 days or more past due purchased and that could be purchased from GNMA mortgage pools under delinquent loan repurchase options whose payments are insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs, were classified as current, compared with $372 million and $175 million at December 31, 2023, respectively. The following table provides a summary of loans that defaulted (fully or partially charged-off or became 90 days or more past due) that were modified within twelve months prior to default. Year Ended December 31 (Dollars in Millions) Interest Rate Reduction Payment Delay Term Extension Multiple Modifications (a) 2024 Commercial $ 30 $ — $ 45 $ — Commercial real estate 43 — 137 — Residential mortgages — 3 — 3 Credit card 128 — — — Other retail 2 — 20 — Total loans, excluding loans purchased from GNMA mortgage pools 203 3 202 3 Loans purchased from GNMA mortgage pools 1 168 78 89 Total loans $ 204 $ 171 $ 280 $ 92 (a) Includes $81 million of total loans receiving a payment delay and term extension, $8 million of total loans receiving an interest rate reduction and term extension and $3 million of total loans receiving an interest rate reduction, payment delay and term extension. The following table provides a summary of loans that defaulted (fully or partially charged-off or became 90 days or more past due) that were modified on or after January 1, 2023, the date the Company adopted accounting guidance which removed the separate recognition and measurement of troubled debt restructurings, through December 31, 2023: Year Ended December 31 (Dollars in Millions) Interest Rate Reduction Payment Delay Term Extension Multiple Modifications (a) 2023 Commercial $ 7 $ — $ — $ — Commercial real estate — — 1 — Residential mortgages — 8 2 1 Credit card 35 — — — Other retail 1 1 11 — Total loans, excluding loans purchased from GNMA mortgage pools 43 9 14 1 Loans purchased from GNMA mortgage pools — 67 30 37 Total loans $ 43 $ 76 $ 44 $ 38 (a) Represents loans receiving a payment delay and term extension.

Leases

Leases	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Leases	NOTE 6 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) 2024 2023 Lease receivables $ 7,328 $ 7,239 Unguaranteed residual values accruing to the lessor’s benefit 911 1,082 Total net investment in sales-type and direct financing leases $ 8,239 $ 8,321 The Company, as a lessor, recorded $775 million, $738 million and $764 million of revenue on its Consolidated Statement of Income for the years ended December 31, 2024, 2023 and 2022, 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, 2024, were as follows: (Dollars in Millions) Sales-type and Direct Financing Leases Operating Leases 2025 $ 2,758 $ 143 2026 2,142 104 2027 1,804 77 2028 865 52 2029 269 32 Thereafter 335 54 Total lease payments 8,173 $ 462 Amounts representing interest (845) Lease receivables $ 7,328 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 ROU asset. At December 31, 2024, the Company’s ROU assets included in premises and equipment long-term debt other liabilities respectively, compared with $1.4 billion of ROU assets and $1.6 billion of lease liabilities at December 31, 2023, respectively. Total costs incurred by the Company, as a lessee, were $529 million, $496 million and $390 million for the years ended December 31, 2024, 2023 and 2022, 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) 2024 2023 2022 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 389 $ 409 $ 294 Operating cash flows from finance leases 7 7 4 Financing cash flows from finance leases 62 49 14 Right of use assets obtained in exchange for new operating lease liabilities 268 230 239 Right of use assets obtained in exchange for new finance lease liabilities 59 25 91 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 December 31: 2024 2023 Weighted-average remaining lease term of operating leases (in years) 6.7 6.4 Weighted-average remaining lease term of finance leases (in years) 8.1 8.3 Weighted-average discount rate of operating leases 4.0 % 3.7 % Weighted-average discount rate of finance leases 7.3 % 7.7 % The contractual future lease obligations of the Company at December 31, 2024, were as follows: (Dollars in Millions) Operating Leases Finance 2025 $ 324 $ 38 2026 291 37 2027 248 34 2028 195 26 2029 147 8 Thereafter 382 24 Total lease payments 1,587 167 Amounts representing interest (218) (18) Lease liabilities $ 1,369 $ 149
Leases	NOTE 6 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) 2024 2023 Lease receivables $ 7,328 $ 7,239 Unguaranteed residual values accruing to the lessor’s benefit 911 1,082 Total net investment in sales-type and direct financing leases $ 8,239 $ 8,321 The Company, as a lessor, recorded $775 million, $738 million and $764 million of revenue on its Consolidated Statement of Income for the years ended December 31, 2024, 2023 and 2022, 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, 2024, were as follows: (Dollars in Millions) Sales-type and Direct Financing Leases Operating Leases 2025 $ 2,758 $ 143 2026 2,142 104 2027 1,804 77 2028 865 52 2029 269 32 Thereafter 335 54 Total lease payments 8,173 $ 462 Amounts representing interest (845) Lease receivables $ 7,328 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 ROU asset. At December 31, 2024, the Company’s ROU assets included in premises and equipment long-term debt other liabilities respectively, compared with $1.4 billion of ROU assets and $1.6 billion of lease liabilities at December 31, 2023, respectively. Total costs incurred by the Company, as a lessee, were $529 million, $496 million and $390 million for the years ended December 31, 2024, 2023 and 2022, 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) 2024 2023 2022 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 389 $ 409 $ 294 Operating cash flows from finance leases 7 7 4 Financing cash flows from finance leases 62 49 14 Right of use assets obtained in exchange for new operating lease liabilities 268 230 239 Right of use assets obtained in exchange for new finance lease liabilities 59 25 91 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 December 31: 2024 2023 Weighted-average remaining lease term of operating leases (in years) 6.7 6.4 Weighted-average remaining lease term of finance leases (in years) 8.1 8.3 Weighted-average discount rate of operating leases 4.0 % 3.7 % Weighted-average discount rate of finance leases 7.3 % 7.7 % The contractual future lease obligations of the Company at December 31, 2024, were as follows: (Dollars in Millions) Operating Leases Finance 2025 $ 324 $ 38 2026 291 37 2027 248 34 2028 195 26 2029 147 8 Thereafter 382 24 Total lease payments 1,587 167 Amounts representing interest (218) (18) Lease liabilities $ 1,369 $ 149
Leases	NOTE 6 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) 2024 2023 Lease receivables $ 7,328 $ 7,239 Unguaranteed residual values accruing to the lessor’s benefit 911 1,082 Total net investment in sales-type and direct financing leases $ 8,239 $ 8,321 The Company, as a lessor, recorded $775 million, $738 million and $764 million of revenue on its Consolidated Statement of Income for the years ended December 31, 2024, 2023 and 2022, 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, 2024, were as follows: (Dollars in Millions) Sales-type and Direct Financing Leases Operating Leases 2025 $ 2,758 $ 143 2026 2,142 104 2027 1,804 77 2028 865 52 2029 269 32 Thereafter 335 54 Total lease payments 8,173 $ 462 Amounts representing interest (845) Lease receivables $ 7,328 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 ROU asset. At December 31, 2024, the Company’s ROU assets included in premises and equipment long-term debt other liabilities respectively, compared with $1.4 billion of ROU assets and $1.6 billion of lease liabilities at December 31, 2023, respectively. Total costs incurred by the Company, as a lessee, were $529 million, $496 million and $390 million for the years ended December 31, 2024, 2023 and 2022, 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) 2024 2023 2022 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 389 $ 409 $ 294 Operating cash flows from finance leases 7 7 4 Financing cash flows from finance leases 62 49 14 Right of use assets obtained in exchange for new operating lease liabilities 268 230 239 Right of use assets obtained in exchange for new finance lease liabilities 59 25 91 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 December 31: 2024 2023 Weighted-average remaining lease term of operating leases (in years) 6.7 6.4 Weighted-average remaining lease term of finance leases (in years) 8.1 8.3 Weighted-average discount rate of operating leases 4.0 % 3.7 % Weighted-average discount rate of finance leases 7.3 % 7.7 % The contractual future lease obligations of the Company at December 31, 2024, were as follows: (Dollars in Millions) Operating Leases Finance 2025 $ 324 $ 38 2026 291 37 2027 248 34 2028 195 26 2029 147 8 Thereafter 382 24 Total lease payments 1,587 167 Amounts representing interest (218) (18) Lease liabilities $ 1,369 $ 149
Leases	NOTE 6 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) 2024 2023 Lease receivables $ 7,328 $ 7,239 Unguaranteed residual values accruing to the lessor’s benefit 911 1,082 Total net investment in sales-type and direct financing leases $ 8,239 $ 8,321 The Company, as a lessor, recorded $775 million, $738 million and $764 million of revenue on its Consolidated Statement of Income for the years ended December 31, 2024, 2023 and 2022, 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, 2024, were as follows: (Dollars in Millions) Sales-type and Direct Financing Leases Operating Leases 2025 $ 2,758 $ 143 2026 2,142 104 2027 1,804 77 2028 865 52 2029 269 32 Thereafter 335 54 Total lease payments 8,173 $ 462 Amounts representing interest (845) Lease receivables $ 7,328 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 ROU asset. At December 31, 2024, the Company’s ROU assets included in premises and equipment long-term debt other liabilities respectively, compared with $1.4 billion of ROU assets and $1.6 billion of lease liabilities at December 31, 2023, respectively. Total costs incurred by the Company, as a lessee, were $529 million, $496 million and $390 million for the years ended December 31, 2024, 2023 and 2022, 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) 2024 2023 2022 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 389 $ 409 $ 294 Operating cash flows from finance leases 7 7 4 Financing cash flows from finance leases 62 49 14 Right of use assets obtained in exchange for new operating lease liabilities 268 230 239 Right of use assets obtained in exchange for new finance lease liabilities 59 25 91 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 December 31: 2024 2023 Weighted-average remaining lease term of operating leases (in years) 6.7 6.4 Weighted-average remaining lease term of finance leases (in years) 8.1 8.3 Weighted-average discount rate of operating leases 4.0 % 3.7 % Weighted-average discount rate of finance leases 7.3 % 7.7 % The contractual future lease obligations of the Company at December 31, 2024, were as follows: (Dollars in Millions) Operating Leases Finance 2025 $ 324 $ 38 2026 291 37 2027 248 34 2028 195 26 2029 147 8 Thereafter 382 24 Total lease payments 1,587 167 Amounts representing interest (218) (18) Lease liabilities $ 1,369 $ 149
Leases	NOTE 6 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) 2024 2023 Lease receivables $ 7,328 $ 7,239 Unguaranteed residual values accruing to the lessor’s benefit 911 1,082 Total net investment in sales-type and direct financing leases $ 8,239 $ 8,321 The Company, as a lessor, recorded $775 million, $738 million and $764 million of revenue on its Consolidated Statement of Income for the years ended December 31, 2024, 2023 and 2022, 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, 2024, were as follows: (Dollars in Millions) Sales-type and Direct Financing Leases Operating Leases 2025 $ 2,758 $ 143 2026 2,142 104 2027 1,804 77 2028 865 52 2029 269 32 Thereafter 335 54 Total lease payments 8,173 $ 462 Amounts representing interest (845) Lease receivables $ 7,328 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 ROU asset. At December 31, 2024, the Company’s ROU assets included in premises and equipment long-term debt other liabilities respectively, compared with $1.4 billion of ROU assets and $1.6 billion of lease liabilities at December 31, 2023, respectively. Total costs incurred by the Company, as a lessee, were $529 million, $496 million and $390 million for the years ended December 31, 2024, 2023 and 2022, 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) 2024 2023 2022 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 389 $ 409 $ 294 Operating cash flows from finance leases 7 7 4 Financing cash flows from finance leases 62 49 14 Right of use assets obtained in exchange for new operating lease liabilities 268 230 239 Right of use assets obtained in exchange for new finance lease liabilities 59 25 91 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 December 31: 2024 2023 Weighted-average remaining lease term of operating leases (in years) 6.7 6.4 Weighted-average remaining lease term of finance leases (in years) 8.1 8.3 Weighted-average discount rate of operating leases 4.0 % 3.7 % Weighted-average discount rate of finance leases 7.3 % 7.7 % The contractual future lease obligations of the Company at December 31, 2024, were as follows: (Dollars in Millions) Operating Leases Finance 2025 $ 324 $ 38 2026 291 37 2027 248 34 2028 195 26 2029 147 8 Thereafter 382 24 Total lease payments 1,587 167 Amounts representing interest (218) (18) Lease liabilities $ 1,369 $ 149

Accounting for Transfers and Se

Accounting for Transfers and Servicing of Financial Assets and Variable Interest Entities	12 Months Ended
	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounting for Transfers and Servicing of Financial Assets and Variable Interest Entities	NOTE 7 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 GSEs, transfers of tax-advantaged investments, commercial loan sales through participation agreements, and other individual or portfolio loan and securities sales. 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. Guarantees provided to certain third parties in connection with the transfer of assets are further discussed in Note 22. 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 MSRs, refer to Note 9. 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 sheet. The Company previously provided financial support primarily through the use of waivers of trust and investment management fees associated with various unconsolidated registered money market funds it manages. The Company discontinued providing this support beginning in the third quarter of 2022 due to rising interest rates in 2022. The Company provided $65 million of support to the funds during the year ended December 31, 2022. 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 investments support the Company’s regulatory compliance with the Community Reinvestment Act. The Company’s investments in these entities generate a return primarily through the realization of federal and state income tax credits, and other tax benefits, such as tax deductions from operating losses of the investments, over specified time periods. These tax credits are recognized as a reduction of tax expense or, for investments qualifying as investment tax credits, as a reduction to the related investment asset. The Company recognized federal and state income tax credits related to its affordable housing and other tax-advantaged investments in tax expense expenses 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 VIEs that the Company has not consolidated: At December 31 (Dollars in Millions) 2024 2023 Investment carrying amount $ 8,107 $ 6,659 Unfunded capital and other commitments 5,032 3,619 Maximum exposure to loss 8,435 9,002 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 $264 million at December 31, 2024 and $219 million at December 31, 2023. The maximum exposure to loss related to these VIEs was $382 million at December 31, 2024 and $319 million at December 31, 2023, representing the Company’s investment balance and its unfunded commitments to invest additional amounts. The Company also held senior notes of $3.2 billion as available-for-sale investment securities at December 31, 2024, compared with $5.3 billion at December 31, 2023. These senior notes were issued by third-party securitization vehicles that held $3.6 billion at December 31, 2024 and $6.1 billion at December 31, 2023 of indirect auto loans that collateralize the senior notes. These VIEs are not consolidated by the Company. The Company’s individual net investments in unconsolidated VIEs, which exclude any unfunded capital commitments, ranged from less than $1 million to $79 million at December 31, 2024, compared with less than $1 million to $86 million at December 31, 2023. 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 investments to third parties. At December 31, 2024, approximately $6.4 billion of the Company’s assets and $4.2 billion of its liabilities included on the Consolidated Balance Sheet were related to community development and tax-advantaged investment VIEs which the Company has consolidated, primarily related to these transfers. These amounts compared to $6.1 billion and $4.4 billion, respectively, at December 31, 2023. 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. During 2024 the Company ended its previously sponsored municipal bond securities tender option bond program. The Company controlled the activities of the program’s entities and was entitled to the residual returns and provided liquidity and remarketing arrangements to the program. The Company had previously consolidated the program’s entities, and at December 31, 2023, included $607 million of available-for-sale investment securities and $381 million of short-term borrowings on the Consolidated Balance Sheet related to this program.

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Premises and Equipment	NOTE 8 Premises and Equipment Premises and equipment at December 31 consisted of the following: (Dollars in Millions) 2024 2023 Land $ 498 $ 515 Buildings and improvements 3,121 3,239 Furniture, fixtures and equipment 3,010 3,013 Right of use assets on operating leases 1,114 1,149 Right of use assets on finance leases 314 275 Construction in progress 96 68 Total premises and equipment, gross 8,153 8,259 Less accumulated depreciation and amortization (4,588) (4,636) Total premises and equipment, net $ 3,565 $ 3,623

Mortgage Servicing Rights

Mortgage Servicing Rights	12 Months Ended
	Dec. 31, 2024
Transfers and Servicing [Abstract]
Mortgage Servicing Rights	NOTE 9 Mortgage Servicing Rights The Company capitalizes MSRs as separate assets when loans are sold and servicing is retained. MSRs may also be purchased from others. The Company carries MSRs at fair value, with changes in the fair value recorded in earnings during the period in which they occur. The Company serviced $216.6 billion of residential mortgage loans for others at December 31, 2024, and $233.4 billion at December 31, 2023, including subserviced mortgages with no corresponding MSR asset. Included in mortgage banking revenue are the MSR fair value changes arising from market rate and model assumption changes, net of the value change in derivatives used to economically hedge MSRs. These changes resulted in net losses of $2 million, $41 million and $45 million for the years ended December 31, 2024, 2023 and 2022, respectively. Loan servicing and ancillary fees, not including valuation changes, included in mortgage banking revenue were $699 million, $733 million and $754 million for the years ended December 31, 2024, 2023 and 2022, respectively. Changes in fair value of capitalized MSRs are summarized as follows: (Dollars in Millions) 2024 2023 2022 Balance at beginning of period $ 3,377 $ 3,755 $ 2,953 Rights purchased 1 5 156 Rights capitalized 276 373 590 Rights sold (188) (440) (255) Changes in fair value of MSRs Due to fluctuations in market interest rates (a) 235 66 804 Due to revised assumptions or models (b) 43 12 (29) Other changes in fair value (c) (375) (394) (464) Balance at end of period $ 3,369 $ 3,377 $ 3,755 (a) Includes changes in MSR value associated with changes in market interest rates, including estimated prepayment rates and anticipated earnings on escrow deposits. (b) 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. (c) 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 as of December 31 follows: 2024 2023 (Dollars in Millions) Down Down Down Up Up Up Down Down Down Up Up Up MSR portfolio $ (310) $ (144) $ (69) $ 63 $ 120 $ 217 $ (370) $ (173) $ (84) $ 77 $ 147 $ 268 Derivative instrument hedges 325 147 69 (61) (118) (220) 381 178 86 (79) (152) (289) Net sensitivity $ 15 $ 3 $ — $ 2 $ 2 $ (3) $ 11 $ 5 $ 2 $ (2) $ (5) $ (21) The fair value of MSRs and their sensitivity to changes in interest rates is influenced by the mix of the servicing portfolio and characteristics of each segment of the portfolio. The Company’s servicing portfolio consists of the distinct portfolios of government-insured mortgages, conventional mortgages and Housing Finance Agency (“HFA”) mortgages. The servicing portfolios are predominantly comprised of fixed-rate agency loans with limited adjustable-rate or jumbo mortgage loans. The HFA servicing portfolio is comprised of loans originated under state and local housing authority program guidelines which assist purchases by first-time or low- to moderate-income homebuyers through a favorable rate subsidy, down payment and/or closing cost assistance on government- and conventional-insured mortgages. A summary of the Company’s MSRs and related characteristics by portfolio as of December 31 follows: 2024 2023 (Dollars in Millions) HFA Government Conventional (d) Total HFA Government Conventional (d) Total Servicing portfolio (a) $ 52,807 $ 25,139 $ 138,428 $ 216,374 $ 48,286 $ 25,996 $ 151,056 $ 225,338 Fair value $ 856 $ 512 $ 2,001 $ 3,369 $ 769 $ 507 $ 2,101 $ 3,377 Value (bps) (b) 162 204 145 156 159 195 139 150 Weighted-average servicing fees (bps) 35 45 25 30 36 44 26 30 Multiple (value/servicing fees) 4.57 4.56 5.69 5.17 4.45 4.41 5.41 5.00 Weighted-average note rate 4.92 % 4.35 % 3.87 % 4.18 % 4.56 % 4.23 % 3.81 % 4.02 % Weighted-average age (in years) 4.5 6.1 5.0 5.0 4.3 5.5 4.3 4.4 Weighted-average expected prepayment (constant prepayment rate) 9.9 % 10.2 % 7.8 % 8.6 % 10.5 % 11.1 % 9.1 % 9.6 % Weighted-average expected life (in years) 7.5 6.8 7.4 7.4 7.2 6.5 7.0 7.0 Weighted-average option adjusted spread (c) 5.8 % 6.2 % 5.6 % 5.7 % 5.4 % 5.9 % 4.6 % 4.9 % (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)

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	NOTE 10 Intangible Assets Intangible assets consisted of the following: At December 31 (Dollars in Millions) 2024 2023 Goodwill $ 12,536 $ 12,489 Core deposit benefits 1,702 2,134 Mortgage servicing rights 3,369 3,377 Other identified intangibles 476 573 Total $ 18,083 $ 18,573 Aggregate amortization expense consisted of the following: Year Ended December 31 (Dollars in Millions) 2024 2023 2022 Core deposit benefits $ 432 $ 481 $ 53 Other identified intangibles 137 155 162 Total $ 569 $ 636 $ 215 The estimated amortization expense for the next five years is as follows: (Dollars in Millions) 2025 $ 489 2026 422 2027 353 2028 290 2029 223 The following table reflects the changes in the carrying value of goodwill for the years ended December 31, 2024, 2023 and 2022: (Dollars in Millions) Wealth, Corporate, Commercial and Institutional Banking Consumer and Business Banking Payment Services Treasury and Corporate Support Consolidated Company Balance at December 31, 2021 $ 3,673 $ 3,245 $ 3,344 $ — $ 10,262 Goodwill acquired 918 1,220 11 — 2,149 Foreign exchange translation and other (2) — (36) — (38) Balance at December 31, 2022 $ 4,589 $ 4,465 $ 3,319 $ — $ 12,373 Goodwill acquired 235 (139) — — 96 Foreign exchange translation and other 1 — 19 — 20 Balance at December 31, 2023 $ 4,825 $ 4,326 $ 3,338 $ — $ 12,489 Goodwill acquired — — 80 — 80 Foreign exchange translation and other (2) — (31) — (33) Balance at December 31, 2024 $ 4,823 $ 4,326 $ 3,387 $ — $ 12,536

Deposits

Deposits	12 Months Ended
	Dec. 31, 2024
Deposits [Abstract]
Deposits	NOTE 11 Deposits The composition of deposits at December 31 was as follows: (Dollars in Millions) 2024 2023 Noninterest-bearing deposits $ 84,158 $ 89,989 Interest-bearing deposits Interest checking 127,188 127,453 Money market savings 206,805 199,378 Savings accounts 45,389 43,219 Time deposits 54,769 52,273 Total interest-bearing deposits 434,151 422,323 Total deposits $ 518,309 $ 512,312 The maturities of time deposits outstanding at December 31, 2024 were as follows: (Dollars in Millions) 2025 $ 51,876 2026 2,045 2027 310 2028 149 2029 387 Thereafter 2 Total $ 54,769

Short-Term Borrowings

Short-Term Borrowings	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Short-Term Borrowings	NOTE 12 Short-Term Borrowings Short-term borrowings at December 31 consisted of the following: (Dollars in Millions) 2024 2023 Federal funds purchased $ 252 $ 248 Securities sold under agreements to repurchase 7,642 3,576 Commercial paper 4,288 7,773 Other short-term borrowings 3,336 3,682 Total $ 15,518 $ 15,279

Long-Term Debt

Long-Term Debt	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Long-Term Debt	NOTE 13 Long-Term Debt Long-term debt (debt with original maturities of more than one year) at December 31 consisted of the following: (Dollars in Millions) Rate Type Rate (a) Maturity Date 2024 2023 U.S. Bancorp (Parent Company) Subordinated notes Fixed 3.600 % 2024 $ — $ 1,000 Fixed 7.500 % 2026 199 199 Fixed 3.100 % 2026 1,000 1,000 Fixed 3.000 % 2029 1,000 1,000 Fixed 4.967 % 2033 1,300 1,300 Fixed 2.491 % 2036 1,300 1,300 Medium-term notes Fixed 1.375% - 6.787% 2025 - 2039 27,939 26,618 Floating 3.813 % 2028 519 — Other (b) 2,000 1,915 Subtotal 35,257 34,332 Subsidiaries Federal Home Loan Bank advances Fixed 1.860% - 8.250% 2025 - 2027 12,550 9,051 Floating 5.190% - 5.210% 2025 - 2026 3,000 3,000 Bank notes Fixed 2.050% - 5.550% 2025 - 2032 3,405 2,289 Floating —% - 4.588% 2027 - 2062 1,813 1,324 Other (c) 1,977 1,484 Subtotal 22,745 17,148 Total $ 58,002 $ 51,480 (a) Weighted-average interest rates of medium-term notes, Federal Home Loan Bank advances and bank notes were 4.40 percent, 4.63 percent and 3.08 percent, respectively. (b) Includes $2.2 billion and $2.1 billion at December 31, 2024 and 2023, respectively, of discounted noninterest-bearing additional cash received by the Company upon close of its 2022 acquisition of MUB from Mitsubishi UFJ Financial Group ("MUFG") to be delivered to MUFG on or prior to December 1, 2027, discounted at the Company’s 5-year unsecured borrowing rate as of the acquisition date, as well as debt issuance fees and unrealized gains and losses and deferred amounts relating to derivative instruments. (c) Includes consolidated community development and tax-advantaged investment VIEs, finance lease obligations, debt issuance fees, and unrealized gains and losses and deferred amounts relating to derivative instruments. The Company has arrangements with the Federal Home Loan Bank and Federal Reserve Bank whereby the Company could have borrowed an additional $171.2 billion and $215.8 billion at December 31, 2024 and 2023, respectively. Maturities of long-term debt outstanding at December 31, 2024, were: (Dollars in Millions) Parent Company Consolidated 2025 $ 2,106 $ 8,199 2026 3,917 13,471 2027 4,757 10,045 2028 4,402 4,430 2029 4,472 4,480 Thereafter 15,603 17,377 Total $ 35,257 $ 58,002

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Shareholders' Equity	NOTE 14 Shareholders' Equity At December 31, 2024 and 2023, the Company had authority to issue 4 billion shares of common stock and 50 million shares of preferred stock. The Company had 1.6 billion shares of common stock outstanding at December 31, 2024 and 2023. The Company had 59 million shares reserved for future issuances, primarily under its stock incentive plans at December 31, 2024. The number of shares issued and outstanding and the carrying amount of each outstanding series of the Company’s preferred stock at December 31 were as follows: 2024 2023 (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 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 30,000 750 21 729 Series N 60,000 1,500 8 1,492 60,000 1,500 8 1,492 Series O 18,000 450 13 437 18,000 450 13 437 Total preferred stock (a) 243,510 $ 7,026 $ 218 $ 6,808 243,510 $ 7,026 $ 218 $ 6,808 (a) The par value of all shares issued and outstanding at December 31, 2024 and 2023, was $1.00 per share. During 2022, the Company issued depositary shares representing an ownership interest in 18,000 shares of Series O Non-Cumulative Perpetual Preferred Stock with a liquidation preference of $25,000 per share (the “Series O Preferred Stock”). The Series O Preferred Stock has no stated maturity and will not be subject to any sinking fund or other obligation of the Company. Dividends, if declared, will accrue and be payable quarterly, in arrears, at a rate per annum equal to 4.50 percent. The Series O Preferred Stock is redeemable at the Company’s option, in whole or in part, on or after April 15, 2027. The Series O Preferred Stock is redeemable at the Company’s option, in whole, but not in part, prior to April 15, 2027 within 90 days following an official administrative or judicial decision, amendment to, or change in the laws or regulations that would not allow the Company to treat the full liquidation value of the Series O Preferred Stock as Tier 1 capital for purposes of the capital adequacy guidelines of the Federal Reserve Board. During 2021, the Company issued depositary shares representing an ownership interest in 60,000 shares of Series N Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock with a liquidation preference of $25,000 per share (the “Series N Preferred Stock”). The Series N Preferred Stock has no stated maturity and will not be subject to any sinking fund or other obligation of the Company. Dividends, if declared, will accrue and be payable quarterly, in arrears, at a rate per annum equal to 3.70 percent from the date of issuance to, but excluding, January 15, 2027, and thereafter will accrue and be payable quarterly at a floating rate per annum equal to the five-year treasury rate plus 2.541 percent. The Series N Preferred Stock is redeemable at the Company’s option, in whole or in part, on or after January 15, 2027. The Series N Preferred Stock is redeemable at the Company’s option, in whole, but not in part, prior to January 15, 2027 within 90 days following an official administrative or judicial decision, amendment to, or change in the laws or regulations that would not allow the Company to treat the full liquidation value of the Series N Preferred Stock as Tier 1 capital for purposes of the capital adequacy guidelines of the Federal Reserve Board. During 2021, the Company issued depositary shares representing an ownership interest in 30,000 shares of Series M Non-Cumulative Perpetual Preferred Stock with a liquidation preference of $25,000 per share (the “Series M Preferred Stock”). The Series M Preferred Stock has no stated maturity and will not be subject to any sinking fund or other obligation of the Company. Dividends, if declared, will accrue and be payable quarterly, in arrears, at a rate per annum equal to 4.00 percent. The Series M Preferred Stock is redeemable at the Company’s option, in whole or in part, on or after April 15, 2026. The Series M Preferred Stock is redeemable at the Company’s option, in whole, but not in part, prior to April 15, 2026 within 90 days following an official administrative or judicial decision, amendment to, or change in the laws or regulations that would not allow the 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 Perpetual Preferred Stock with a liquidation preference of $25,000 per share (the “Series L Preferred Stock”). The Series L Preferred Stock has no stated maturity and will not be subject to any sinking fund or other obligation of the Company. Dividends, if declared, will accrue and be payable quarterly, in arrears, at a rate per annum equal to 3.75 percent. The Series L Preferred Stock is redeemable at the Company’s option, in whole or in part, on or after January 15, 2026. The Series L Preferred Stock is redeemable at the Company’s option, in whole, but not in part, prior to January 15, 2026 within 90 days following an official administrative or judicial decision, amendment to, or change in the laws or regulations that would not allow the Company to treat the full liquidation value of the Series L Preferred Stock as Tier 1 capital for purposes of the capital adequacy guidelines of the Federal Reserve Board. During 2018, the Company issued depositary shares representing an ownership interest in 23,000 shares of Series K Non-Cumulative Perpetual Preferred Stock with a liquidation preference of $25,000 per share (the “Series K Preferred Stock”). The Series K Preferred Stock has no stated maturity and will not be subject to any sinking fund or other obligation of the Company. Dividends, if declared, will accrue and be payable quarterly, in arrears, at a rate per annum equal to 5.50 percent. The Series K Preferred Stock is redeemable at the Company’s option, in whole or in part. During 2017, the Company issued depositary shares representing an ownership interest in 40,000 shares of Series J Non-Cumulative Perpetual Preferred Stock with a liquidation preference of $25,000 per share (the “Series J Preferred Stock”). The Series J Preferred Stock has no stated maturity and will not be subject to any sinking fund or other obligation of the Company. Dividends, if declared, will accrue and be payable semiannually, in arrears, at a rate per annum equal to 5.30 percent from the date of issuance to, but excluding, April 15, 2027, and thereafter will accrue and be payable quarterly at a floating rate per annum equal to 2.914 percent above the three-month CME Term Secured Overnight Financing Rate (“SOFR”) plus a credit spread adjustment of 0.26161 percent. The Series J Preferred Stock is redeemable at the Company’s option, in whole or in part, on or after April 15, 2027. The Series J Preferred Stock is redeemable at the Company’s option, in whole, but not in part, prior to April 15, 2027 within 90 days following an official administrative or judicial decision, amendment to, or change in the laws or regulations that would not allow the Company to treat the full liquidation value of the Series J Preferred Stock as Tier 1 capital for purposes of the capital adequacy guidelines of the Federal Reserve Board. During 2010, the Company issued depositary shares representing an ownership interest in 5,746 shares of Series A Non-Cumulative Perpetual Preferred Stock (the “Series A Preferred Stock”) to investors, in exchange for their portion of USB Capital IX Income Trust Securities. During 2011, the Company issued depositary shares representing an ownership interest in 6,764 shares of Series A Preferred Stock to USB Capital IX, thereby settling the stock purchase contract established between the Company and USB Capital IX as part of the 2006 issuance of USB Capital IX Income Trust Securities. The preferred shares were issued to USB Capital IX for the purchase price specified in the stock forward purchase contract. The Series A Preferred Stock has a liquidation preference of $100,000 per share, no stated maturity and will not be subject to any sinking fund or other obligation of the Company. Dividends, if declared, will accrue and be payable quarterly, in arrears, at a rate per annum equal to the greater of 1.02 percent above three-month CME Term SOFR plus a credit spread adjustment of 0.26161 percent, or 3.50 percent. The Series A Preferred Stock is redeemable at the Company’s option, subject to prior approval by the Federal Reserve Board. During 2006, the Company issued depositary shares representing an ownership interest in 40,000 shares of Series B Non-Cumulative Perpetual Preferred Stock with a liquidation preference of $25,000 per share (the “Series B Preferred Stock”). The Series B Preferred Stock has no stated maturity and will not be subject to any sinking fund or other obligation of the Company. Dividends, if declared, will accrue and be payable quarterly, in arrears, at a rate per annum equal to the greater of 0.60 percent above three-month CME Term SOFR plus a credit spread adjustment of 0.26161 percent, or 3.50 percent. The Series B Preferred Stock is redeemable at the Company’s option, subject to the prior approval of the Federal Reserve Board. During 2024, 2023 and 2022, the Company repurchased shares of its common stock under various authorizations approved by its Board of Directors. As of December 31, 2024, the approximate dollar value of shares that may yet be purchased by the Company under the current Board of Directors approved authorization was $4.9 billion. Share repurchases are subject to the approval of the Company's Board of Directors and compliance with regulatory requirements. The following table summarizes the Company’s common stock repurchased in each of the last three years: (Dollars and Shares in Millions) Shares Value 2024 4 $ 173 2023 1 62 2022 1 69 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 (Losses) on Investment Securities Available-For-Sale Unrealized Gains (Losses) on Investment Securities Transferred From Available-For-Sale to Held-To-Maturity Unrealized Gains (Losses) on Derivative Hedges Unrealized Gains (Losses) on Retirement Plans Debit Valuation Adjustments Foreign Currency Translation Total 2024 Balance at beginning of period $ (5,151) $ (3,537) $ (242) $ (1,138) $ — $ (28) $ (10,096) Changes in unrealized gains (losses) (60) — (676) 245 1 — (490) Foreign currency translation adjustment (a) — — — — — 18 18 Reclassification to earnings of realized (gains) losses 154 499 258 (1) — — 910 Applicable income taxes (21) (127) 107 (61) — (4) (106) Balance at end of period $ (5,078) $ (3,165) $ (553) $ (955) $ 1 $ (14) $ (9,764) 2023 Balance at beginning of period $ (6,378) $ (3,933) $ (114) $ (939) $ — $ (43) $ (11,407) Changes in unrealized gains (losses) 1,500 — (252) (262) — — 986 Foreign currency translation adjustment (a) — — — — — 21 21 Reclassification to earnings of realized (gains) losses 145 530 80 (7) — — 748 Applicable income taxes (418) (134) 44 70 — (6) (444) Balance at end of period $ (5,151) $ (3,537) $ (242) $ (1,138) $ — $ (28) $ (10,096) 2022 Balance at beginning of period $ 540 $ (935) $ (85) $ (1,426) $ — $ (37) $ (1,943) Changes in unrealized gains and losses (13,656) — (75) 526 — — (13,205) Transfer of securities from available-for-sale to held-to-maturity 4,413 (4,413) — — — — — Foreign currency translation adjustment (a) — — — — — (10) (10) Reclassification to earnings of realized (gains) losses (20) 400 36 128 — — 544 Applicable income taxes 2,345 1,015 10 (167) — 4 3,207 Balance at end of period $ (6,378) $ (3,933) $ (114) $ (939) $ — $ (43) $ (11,407) (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) 2024 2023 2022 Unrealized gains (losses) on investment securities available-for-sale Realized gains (losses) on sales of investment securities $ (154) $ (145) $ 20 Securities gains (losses), net 39 37 (5) Applicable income taxes (115) (108) 15 Net-of-tax Unrealized gains (losses) on investment securities transferred from available-for-sale to held-to-maturity Amortization of unrealized gains (losses) (499) (530) (400) Interest income 127 134 119 Applicable income taxes (372) (396) (281) Net-of-tax Unrealized gains (losses) on derivative hedges Realized gains (losses) on derivative hedges (258) (80) (36) Net interest income 66 21 9 Applicable income taxes (192) (59) (27) Net-of-tax Unrealized gains (losses) on retirement plans Actuarial gains (losses) and prior service cost (credit) amortization 1 7 (128) Other noninterest expense — (2) 33 Applicable income taxes 1 5 (95) Net-of-tax Total impact to net income $ (678) $ (558) $ (388) Regulatory Capital The Company uses certain measures defined by bank regulatory agencies to assess its capital. The regulatory capital requirements effective for the Company follow Basel III, with the Company being subject to calculating its capital adequacy as a percentage of risk-weighted assets under the standardized approach. 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 sheet exposures, such as unfunded loan commitments, letters of credit, and derivative contracts. Beginning in 2022, the Company began to phase into its regulatory capital requirements the cumulative deferred impact of its 2020 adoption of the accounting guidance related to the impairment of financial instruments based on the CECL methodology plus 25 percent of its quarterly credit reserve increases during 2020 and 2021. This cumulative deferred impact was phased into the Company’s regulatory capital during 2022 through 2024, culminating with a fully phased in regulatory capital calculation beginning in 2025. 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- and off-balance sheet leverage exposure under more risk-sensitive advanced approaches. 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 subsidiaries: U.S. Bancorp U.S. Bank National Association At December 31 (Dollars in Millions) 2024 2023 2024 2023 Basel III Standardized Approach: Common equity tier 1 capital $ 47,877 $ 44,947 $ 59,866 $ 58,194 Tier 1 capital 55,129 52,199 60,311 58,638 Total risk-based capital 64,375 61,921 69,947 68,817 Risk-weighted assets 450,498 453,390 443,426 445,829 Common equity tier 1 capital as a percent of risk-weighted assets 10.6 % 9.9 % 13.5 % 13.1 % Tier 1 capital as a percent of risk-weighted assets 12.2 11.5 13.6 13.2 Total risk-based capital as a percent of risk-weighted assets 14.3 13.7 15.8 15.4 Tier 1 capital as a percent of adjusted quarterly average assets (leverage ratio) 8.3 8.1 9.3 9.2 Tier 1 capital as a percent of total on- and off-balance sheet leverage exposure (total leverage exposure ratio) 6.8 6.6 7.6 7.5 U.S. Bancorp U.S. Bank National Association December 31, 2024 Minimum (a) Well- Capitalized Minimum (a) Well- Capitalized Bank Regulatory Capital Requirements Common equity tier 1 capital as a percent of risk-weighted assets 7.6 % 6.5 % 7.0 % 6.5 % Tier 1 capital as a percent of risk-weighted assets 9.1 8.0 8.5 8.0 Total risk-based capital as a percent of risk-weighted assets 11.1 10.0 10.5 10.0 Tier 1 capital as a percent of adjusted quarterly average assets (leverage ratio) 4.0 5.0 4.0 5.0 Tier 1 capital as a percent of total on- and off-balance sheet leverage exposure (total leverage exposure ratio) (b) 3.0 3.0 3.0 (a) The minimum common equity tier 1 capital, tier 1 capital and total risk-based capital ratio requirements reflect a capital conservation buffer. Banks and financial services holding companies must maintain minimum capital levels, including a capital conservation buffer, to avoid limitations on capital distributions and certain discretionary compensation payments. At December 31, 2024, U.S. Bancorp had a capital conservation buffer requirement of 3.1 percent, resulting from the Federal Reserve’s stress capital buffer requirement determined during its 2024 stress testing process, while U.S. Bank National Association had a capital conservation buffer requirement of 2.5 percent. U.S. Bancorp and U.S. Bank National Association were both subject to a capital conservation buffer requirement of 2.5 percent at December 31, 2023. (b) 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 Rate Exchangeable Non-cumulative Perpetual Series A Preferred Stock with a liquidation preference of $100,000 per share (“Series A Preferred Securities”) to third-party investors. Dividends on the Series A Preferred Securities, if declared, will accrue and be payable quarterly, in arrears, at a rate per annum equal to 1.147 percent above three-month CME Term SOFR plus a credit spread adjustment of 0.26161 percent . If U SB Realty Corp. has not declared a dividend on the Series A Preferred Securities before the dividend payment date for any 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.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 15 Earnings Per Share The components of earnings per share were: Year Ended December 31 (Dollars and Shares in Millions, Except Per Share Data) 2024 2023 2022 Net income attributable to U.S. Bancorp $ 6,299 $ 5,429 $ 5,825 Preferred dividends (352) (350) (296) Earnings allocated to participating stock awards (38) (28) (28) Net income applicable to U.S. Bancorp common shareholders $ 5,909 $ 5,051 $ 5,501 Average common shares outstanding 1,560 1,543 1,489 Net effect of the exercise and assumed purchase of stock awards 1 — 1 Average diluted common shares outstanding 1,561 1,543 1,490 Earnings per common share $ 3.79 $ 3.27 $ 3.69 Diluted earnings per common share $ 3.79 $ 3.27 $ 3.69

Employee Benefits

Employee Benefits	12 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
Employee Benefits	NOTE 16 Employee Benefits Employee Retirement Savings Plan The Company has a defined contribution retirement savings plan that covers substantially all its employees. Qualified employees are allowed to contribute up to 75 percent of their annual compensation, subject to Internal Revenue Service limits, through salary deductions under Section 401(k) of the Internal Revenue Code. Employee contributions are invested at their direction among a variety of investment alternatives. Employee contributions are 100 percent matched by the Company, up to four percent of each employee’s eligible annual compensation. The Company’s matching contribution vests immediately and is invested in the same manner as each employee’s future contribution elections. Total expense for the Company’s matching contributions was $262 million, $254 million and $211 million in 2024, 2023 and 2022, respectively. Pension and Postretirement Welfare Plans The Company has tax qualified noncontributory defined benefit pension plans, nonqualified pension plans and postretirement welfare plans. Pension Plans The funded tax qualified noncontributory defined benefit pension plans provide benefits to substantially all the Company’s employees. Participants receive annual cash balance pay credits based on eligible pay multiplied by a percentage determined by their age and/or years of service, as defined by the plan documents. Participants also receive an annual interest credit. Generally, employees become vested upon completing three years of vesting service. The Company did not contribute to its qualified pension plans in 2024 and 2023 and does not expect to contribute to the plans in 2025. The Company also maintains two non-qualified plans that are unfunded and provide benefits to certain employees. The assumptions used in 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 2025, the Company expects to contribute approximately $49 million to its non-qualified pension plans, which equals the 2025 expected benefit payments. Postretirement Welfare Plans In addition to providing pension benefits, the Company has a funded postretirement welfare plan available to certain eligible participants based on their hire or retirement date. The plan is closed to new participants. In 2025, the Company does not expect to contribute to its postretirement welfare plan. 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 pension plans: (Dollars in Millions) 2024 2023 Change In Projected Benefit Obligation (a) Benefit obligation at beginning of measurement period $ 7,278 $ 6,617 Service cost 219 223 Interest cost 376 370 Plan amendments — (23) Actuarial (gain) loss (443) 398 Lump sum settlements (118) (94) Benefit payments (243) (213) Benefit obligation at end of measurement period (b) $ 7,069 $ 7,278 Change In Fair Value Of Plan Assets Fair value at beginning of measurement period $ 7,779 $ 7,375 Actual return on plan assets 381 658 Employer contributions 35 28 Lump sum settlements (118) (94) Benefit payments (243) (213) Acquisitions (c) — 25 Fair value at end of measurement period $ 7,834 $ 7,779 Funded Status $ 765 $ 501 Components Of The Consolidated Balance Sheet Noncurrent benefit asset $ 1,329 $ 1,072 Current benefit liability (48) (26) Noncurrent benefit liability (516) (545) Recognized amount $ 765 $ 501 Accumulated Other Comprehensive Income (Loss), Pretax Net actuarial loss $ (1,359) $ (1,607) Net prior service credit 30 34 Recognized amount $ (1,329) $ (1,573) Note: At December 31, 2024 and 2023, the postretirement welfare plans projected benefit obligation was $41 million and $49 million, respectively, the fair value of plan assets was $47 million and $45 million, respectively, and the amount recognized in accumulated other comprehensive income (loss), pretax was $51 million and $52 million, respectively. (a) The decrease in the projected benefit obligation for 2024 was primarily due to a higher discount rate and the increase for 2023 was primarily due to a lower discount rate. (b) At December 31, 2024 and 2023, the accumulated benefit obligation for all pension plans was $6.6 billion and $6.8 billion, respectively. (c) The increase in 2023 plan assets was related to the 2022 MUB acquisition. The following table provides information for pension plans with benefit obligations in excess of plan assets at December 31: (Dollars in Millions) 2024 2023 Plans with Projected Benefit Obligations in Excess of Plan Assets Projected benefit obligation $ 564 $ 571 Fair value of plan assets — — Plans with Accumulated Benefit Obligations in Excess of Plan Assets Accumulated benefit obligation $ 525 $ 530 Fair value of plan assets — — The following table sets forth the components of net periodic pension cost and other amounts recognized in accumulated other comprehensive income (loss) for the years ended December 31 for the pension plans: (Dollars in Millions) 2024 2023 2022 Components Of Net Periodic Pension Cost Service cost $ 219 $ 223 $ 280 Interest cost 376 370 248 Expected return on plan assets (585) (546) (481) Prior service credit amortization (4) (1) (2) Actuarial loss amortization 9 5 140 Net periodic pension cost $ 15 $ 51 $ 185 Other Changes In Plan Assets And Benefit Obligations Recognized In Other Comprehensive Income (Loss) Net actuarial (loss) gain arising during the year $ 239 $ (286) $ 523 Net actuarial loss amortized during the year 9 5 140 Net prior service credit (cost) arising during the year — 23 (2) Net prior service credit amortized during the year (4) (1) (2) Total recognized in other comprehensive income (loss) $ 244 $ (259) $ 659 Total recognized in net periodic pension cost and other comprehensive income (loss) $ 229 $ (310) $ 474 Note: The net periodic benefit for the postretirement welfare plans was $7 million, $10 million and $9 million for the years end December 31, 2024, 2023 and 2022, respectively. The total of other amounts recognized as other comprehensive loss was $1 million, $10 million and $5 million for the years ended December 31, 2024, 2023 and 2022, respectively. The following table sets forth weighted-average assumptions used to determine the pension plans projected benefit obligations at December 31: 2024 2023 Discount rate 5.77 % 5.12 % Cash balance interest crediting rate 3.71 3.04 Rate of compensation increase (a) 3.52 3.72 (a) Determined on an active liability-weighted basis. The following table sets forth weighted-average assumptions used to determine net periodic pension cost for the years ended December 31: 2024 2023 2022 Discount rate 5.12 % 5.55 % 3.00 % Cash balance interest crediting rate 3.04 3.36 3.00 Expected return on plan assets (a) 7.00 6.75 6.50 Rate of compensation increase (b) 3.72 4.13 3.56 (a) 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 long-term rate of return information. The Company determines its expected long-term rates of return reflecting current economic conditions and plan assets. (b) Determined on an active liability-weighted basis. Investment Policies and Asset Allocation In establishing its investment policies and asset allocation strategies, the Company considers expected returns and the volatility associated with different strategies. An independent consultant performs modeling that projects numerous outcomes using a broad range of possible scenarios, including a mix of possible rates of inflation and economic growth. Starting with current economic information, the model bases its projections on past relationships between inflation, fixed income rates and equity returns when these types of economic conditions have existed over the previous 30 years, both in the United States and in foreign countries. Estimated future returns and other actuarially determined adjustments are also considered in calculating the estimated return on assets. 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 potential of investing in equities, the Company’s Compensation and Human Resources Committee has determined that a target asset allocation of 35 percent long duration bonds, 30 percent global equities, 10 percent real assets, 10 percent private equity funds, 5 percent domestic mid-small cap equities, 5 percent emerging markets equities, and 5 percent hedge funds is appropriate. At both December 31, 2024 and 2023, plan assets included an asset management arrangement with a related party totaling approximately $63 million. In addition to cash and cash equivalents, the qualified pension plans invest in funds that do not have readily determinable fair values. These funds are valued based on net asset values provided by the fund trustee or administrator as a practical expedient. The following table summarizes the pension plans investment assets at December 31: (Dollars in Millions) 2024 2023 Cash and cash equivalents $ 63 $ 68 Collective investment funds Domestic equity securities 1,788 1,546 Mid-small cap equity securities 474 406 International equity securities 968 981 Real estate securities 171 142 Fixed income 1,958 2,295 Real estate funds (a) 733 746 Hedge funds (b) 354 412 Private equity funds (c) 1,325 1,183 Total plan investment assets at fair value $ 7,834 $ 7,779 (a) This category consists of several investment strategies diversified across several real estate managers. (b) This category consists of several investment strategies diversified across several hedge fund managers. (c) This category consists of several investment strategies diversified across several private equity fund managers. The following benefit payments are expected to be paid from the pension plans for the years ended December 31: (Dollars in Millions) 2025 $ 386 2026 394 2027 428 2028 451 2029 470 2030-2034 2,623

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	NOTE 17 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. Most stock and unit awards vest over three certain vesting requirements are not met. Stock incentive plans of acquired companies are generally terminated at the merger closing dates. Participants under such plans receive the Company’s common stock, options to buy the Company’s common stock, or long term cash incentives, based on the conversion terms of the various merger agreements. At December 31, 2024, there were 46 million shares (subject to adjustment for forfeitures) available for grant under the Company’s stock incentive plan. 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- Average Exercise Price Weighted-Average Remaining Contractual Term Aggregate Intrinsic Value (in millions) 2024 Number outstanding at beginning of period 2,838,285 $ 45.28 Exercised (769,636) 42.04 Cancelled (a) (20,402) 46.15 Number outstanding at end of period (b) 2,048,247 $ 46.49 1.4 $ 3 Exercisable at end of period 2,048,247 $ 46.49 1.4 $ 3 2023 Number outstanding at beginning of period 3,253,090 $ 44.42 Exercised (399,329) 38.15 Cancelled (a) (15,476) 47.88 Number outstanding at end of period (b) 2,838,285 $ 45.28 2.0 $ — Exercisable at end of period 2,838,285 $ 45.28 2.0 $ — 2022 Number outstanding at beginning of period 3,890,131 $ 42.58 Exercised (624,729) 32.87 Cancelled (a) (12,312) 50.97 Number outstanding at end of period (b) 3,253,090 $ 44.42 2.7 $ — Exercisable at end of period 3,253,090 $ 44.42 2.7 $ — Note: The Company did not grant any stock option awards during 2024, 2023, and 2022. (a) Options cancelled include both non-vested (i.e., forfeitures) and vested options. (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. To satisfy option exercises, the Company predominantly uses treasury stock. The following summarizes certain stock option activity of the Company: Year Ended December 31 (Dollars in Millions) 2024 2023 2022 Fair value of options vested $ — $ — $ — Intrinsic value of options exercised 3 2 15 Cash received from options exercised 32 15 21 Tax benefit realized from options exercised 1 1 4 Additional information regarding stock options outstanding as of December 31, 2024, is as follows: Outstanding Options Exercisable Options Range of Exercise Prices Shares Weighted- Average Remaining Contractual Life (Years) Weighted- Average Exercise Price Shares Weighted- Average Exercise Price $35.01—$40.00 915,364 1.1 $ 39.49 915,364 $ 39.49 $40.01—$45.00 299,092 0.1 44.30 299,092 44.30 $45.01—$50.00 — — — — — $50.01—$55.01 833,791 2.1 54.96 833,791 54.96 2,048,247 1.4 $ 46.49 2,048,247 $ 46.49 Restricted Stock and Unit Awards A summary of the status of the Company’s restricted shares of stock and unit awards is presented below: 2024 2023 2022 Year Ended December 31 Shares Weighted-Average Grant-Date Fair Value Shares Weighted-Average Grant-Date Fair Value Shares Weighted-Average Grant-Date Fair Value Outstanding at beginning of period 8,316,571 $ 48.42 6,880,826 $ 52.59 6,812,753 $ 51.04 Granted 6,107,976 42.12 5,565,634 45.87 4,109,793 55.62 Vested (4,680,480) 48.52 (3,872,874) 52.05 (3,690,666) 52.88 Cancelled (502,680) 44.06 (257,015) 50.00 (351,054) 54.95 Outstanding at end of period 9,241,387 $ 44.45 8,316,571 $ 48.42 6,880,826 $ 52.59 The total fair value of shares vested was $208 million, $180 million and $198 million for the years ended December 31, 2024, 2023 and 2022, respectively. Stock-based compensation expense was $232 million, $224 million and $202 million for the years ended December 31, 2024, 2023 and 2022, respectively. On an after-tax basis, stock-based compensation was $173 million, $167 million

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 18 Income Taxes The components of income tax expense were: Year Ended December 31 (Dollars in Millions) 2024 2023 2022 Federal Current $ 1,272 $ 1,434 $ 1,366 Deferred (6) (326) (108) Federal income tax 1,266 1,108 1,258 State Current 279 482 401 Deferred 35 (183) (196) State income tax 314 299 205 Total income tax provision $ 1,580 $ 1,407 $ 1,463 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) 2024 2023 2022 Tax at statutory rate $ 1,661 $ 1,442 $ 1,533 State income tax, at statutory rates, net of federal tax benefit 385 322 305 Tax effect of Tax credits and benefits, net of related expenses (393) (272) (273) Tax-exempt income (144) (142) (121) Exam Resolutions (106) (35) — Revaluation of tax related assets and liabilities (a) (8) 15 (79) Nondeductible legal and regulatory expenses 57 76 37 Other items 128 1 61 Applicable income taxes $ 1,580 $ 1,407 $ 1,463 (a) The 2022 acquisition of MUB resulted in an increase in the Company’s state effective tax rate, requiring the Company to revalue its state deferred tax assets and liabilities. As a result of this revaluation, the Company recorded an estimated net tax benefit of $79 million during 2022. The tax effects of fair value adjustments on securities available-for-sale, derivative instruments in cash flow hedges, foreign currency translation adjustments, and pension and post-retirement plans are recorded directly to shareholders’ equity as part of other comprehensive income (loss). 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, 2020 are completed and resolved. The Company’s tax returns for the years ended December 31, 2021 through December 31, 2022 are under examination by the Internal Revenue Service. The years open to examination by foreign, state and local government authorities vary by jurisdiction. 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) 2024 2023 2022 Balance at beginning of period $ 350 $ 513 $ 487 Additions for tax positions taken in prior years 32 141 35 Additions for tax positions taken in the current year 6 3 3 Exam resolutions (131) (302) (8) Statute expirations (1) (5) (4) Balance at end of period $ 256 $ 350 $ 513 The total amount of uncertain tax positions that, if recognized, would impact the effective income tax rate as of December 31, 2024, 2023 and 2022, were $206 million, $276 million and $294 million, respectively. The Company classifies interest and penalties related to uncertain tax positions as a component of income tax expense. At December 31, 2024, the Company’s uncertain tax position balance included $27 million of accrued interest and penalties. During the years ended December 31, 2024, 2023 and 2022 the Company recorded approximately $(13) million, $(11) 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) 2024 2023 Deferred Tax Assets Securities available-for-sale and financial instruments $ 3,129 $ 3,231 Federal, state and foreign net operating loss, credit carryforwards and other carryforwards 2,772 2,836 Allowance for credit losses 2,086 2,051 Loans 869 1,013 Accrued expenses 767 838 Obligation for operating leases 341 348 Partnerships and other investment assets 264 271 Stock compensation 89 87 Other deferred tax assets, net 383 370 Gross deferred tax assets 10,700 11,045 Deferred Tax Liabilities Goodwill and other intangible assets (1,362) (1,450) Leasing activities (1,273) (1,455) Mortgage servicing rights (789) (758) Right of use operating leases (297) (301) Pension and postretirement benefits (184) (115) Fixed assets (28) (44) Other deferred tax liabilities, net (125) (168) Gross deferred tax liabilities (4,058) (4,291) Valuation allowance (389) (364) Net Deferred Tax Asset $ 6,253 $ 6,390 The Company has approximately $3.0 billion of federal, state and foreign net operating loss carryforwards which expire at various times beginning in 2025. A substantial portion of these carryforwards relate to state-only net operating losses, for which the related deferred tax asset is subject to a full valuation allowance as the carryforwards are not expected to be realized within the carryforward period. Management has determined it is more likely than not the other net deferred tax assets could be realized through carry back to taxable income in prior years, future reversals of existing taxable temporary differences and future taxable income. In addition, the Company has $1.2 billion of federal credit carryforwards which expire at various times through 2044 which 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.

Derivative Instruments

Derivative Instruments	12 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	NOTE 19 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 These derivatives are interest rate swaps the Company uses to hedge the change in fair value related to interest rate changes of its underlying available-for-sale investment securities and fixed-rate debt. Changes in the fair value of derivatives designated as fair value hedges, and changes in the fair value of the hedged items, are recorded in earnings. Cash Flow Hedges These derivatives are interest rate swaps the Company uses to hedge the forecasted cash flows from its underlying variable-rate loans and debt. Changes in the fair value of derivatives designated as cash flow hedges are recorded in other comprehensive income (loss) until the cash flows of the hedged items are realized. 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). At December 31, 2024, the Company had $553 million (net-of-tax) of realized and unrealized losses on derivatives classified as cash flow hedges recorded in other comprehensive income (loss), compared with $242 million (net-of-tax) of realized and unrealized losses at December 31, 2023. The estimated amount to be reclassified from other comprehensive income (loss) into earnings during the next 12 months is a loss of $222 million (net-of-tax). All cash flow hedges were highly effective for the year ended December 31, 2024. Net Investment Hedges The Company uses forward commitments to sell specified amounts of certain foreign currencies, and non-derivative debt instruments, to hedge the volatility of its net investment in foreign operations driven by fluctuations in foreign currency exchange rates. The carrying amount of non-derivative debt instruments designated as net investment hedges was $1.3 billion at December 31, 2024 and December 31, 2023. Other Derivative Positions The Company enters into free-standing derivatives to mitigate interest rate risk and for other risk management purposes. These derivatives include forward commitments to sell TBAs and other commitments to sell residential mortgage loans, which are used to economically hedge the interest rate risk related to MLHFS and unfunded mortgage loan commitments. The Company also enters into interest rate swaps, swaptions, forward commitments to buy TBAs, U.S. Treasury and Eurodollar futures and options on U.S. Treasury futures to economically hedge the change in the fair value of the Company’s MSRs. The Company enters into foreign currency forwards to economically hedge remeasurement gains and losses the Company recognizes on foreign currency denominated assets and liabilities. The Company also enters into interest rate swaps as economic hedges of fair value option elected deposits and long-term debt. In addition, the Company acts as a seller and buyer of interest rate, foreign exchange and commodity contracts for its customers. The Company mitigates the market, funding and liquidity risk associated with these customer derivatives by entering into similar offsetting positions with broker-dealers, or on a portfolio basis by entering into other derivative or non-derivative financial instruments that partially or fully offset the exposure to earnings from these customer-related positions. The Company’s customer derivatives and related hedges are monitored and reviewed by the Company’s Market Risk Committee, which establishes policies for market risk management, including exposure limits for each portfolio. The Company also has derivative contracts that are created through its operations, including certain unfunded mortgage loan commitments and swap agreements related to the sale of a portion of its Class B common and preferred shares of Visa Inc. Refer to Note 22 for further information on these swap agreements. The Company uses credit derivatives to economically hedge the credit risk on its derivative positions and loan portfolios. The following table summarizes the asset and liability management derivative positions of the Company at December 31: 2024 2023 Notional Value Fair Value Notional Value Fair Value (Dollars in Millions) Assets Liabilities Assets Liabilities Fair value hedges Interest rate contracts Receive fixed/pay floating swaps $ 10,600 $ — $ — $ 12,100 $ — $ 16 Pay fixed/receive floating swaps 29,739 — — 24,139 — — Cash flow hedges Interest rate contracts Receive fixed/pay floating swaps 28,550 — — 18,400 — — Net investment hedges Foreign exchange forward contracts 870 7 — 854 — 10 Other economic hedges Interest rate contracts Futures and forwards Buy 5,436 8 30 5,006 29 5 Sell 2,711 10 1 4,501 7 34 Options Purchased 7,810 186 — 6,085 237 — Written 1,991 8 47 3,696 14 75 Receive fixed/pay floating swaps 9,977 45 23 7,029 9 3 Pay fixed/receive floating swaps 2,371 — — 3,801 — — Foreign exchange forward contracts 702 4 4 734 2 5 Equity contracts 293 — 9 227 2 — Credit contracts 3,558 — 29 2,620 1 — Other (a) 1,084 7 78 2,136 11 93 Total $ 105,692 $ 275 $ 221 $ 91,328 $ 312 $ 241 (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 $1.0 billion and $78 million at December 31, 2024, respectively, compared to $2.0 billion and $91 million at December 31, 2023, respectively. In addition, includes short-term underwriting purchase and sale commitments with total notional value of $28 million at December 31, 2023. The following table summarizes the customer-related derivative positions of the Company at December 31: 2024 2023 Notional Value Fair Value Notional Value Fair Value (Dollars in Millions) Assets Liabilities Assets Liabilities Interest rate contracts Receive fixed/pay floating swaps $ 413,841 $ 462 $ 4,485 $ 363,375 $ 791 $ 4,395 Pay fixed/receive floating swaps 363,837 2,342 153 330,539 1,817 280 Other (a) 72,503 17 34 82,209 17 51 Options Purchased 96,238 414 2 102,423 1,026 18 Written 90,572 12 574 97,690 20 1,087 Foreign exchange rate contracts Forwards, spots and swaps 113,718 2,441 2,232 121,119 2,252 1,942 Options Purchased 497 14 — 1,532 28 — Written 497 — 14 1,532 — 28 Commodity contracts Swaps 8,224 199 180 2,498 116 110 Options Purchased 3,921 233 2 1,936 151 — Written 3,921 3 233 1,936 — 151 Futures Buy 1 — — — — — Sell 166 25 27 — — — Credit contracts 13,670 — 3 13,053 1 6 Total $ 1,181,606 $ 6,162 $ 7,939 $ 1,119,842 $ 6,219 $ 8,068 (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) for the years ended December 31: Gains (Losses) Recognized in Other Comprehensive Income (Loss) Gains (Losses) Reclassified from Other Comprehensive Income (Loss) into Earnings (Dollars in Millions) 2024 2023 2022 2024 2023 2022 Asset and Liability Management Positions Cash flow hedges Interest rate contracts $ (503) $ (187) $ (56) $ (192) $ (59) $ (27) Net investment hedges Foreign exchange forward contracts 121 (11) 42 — — — Non-derivative debt instruments 85 (33) 59 — — — 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) 2024 2023 2022 2024 2023 2022 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 $ 31,666 $ 30,007 $ 17,945 $ 15,377 $ 12,611 $ 3,217 Asset and Liability Management Positions Fair value hedges Interest rate contract derivatives 508 (430) 138 95 (458) 482 Hedged items (508) 427 (139) (98) 461 (486) Cash flow hedges Interest rate contract derivatives (230) (52) — 28 28 — Note: The Company does not exclude components from effectiveness testing for fair value and cash flow hedges. The Company reclassified The table below shows cumulative hedging adjustments and the carrying amount of assets and liabilities currently designated in fair value hedges at December 31: Carrying Amount of the Hedged Assets and Liabilities Cumulative Hedging Adjustment (Dollars in Millions) 2024 2023 2024 2023 Line Item in the Consolidated Balance Sheet Available-for-sale investment securities (a) $ 29,005 $ 23,924 $ (464) $ (93) Long-term debt 10,632 12,034 39 (32) Note: The table above excludes the cumulative hedging adjustment related to discontinued hedging relationships on available-for-sale investment securities and long-term debt of $(72) million and $(149) million, respectively, at December 31, 2024, compared with $(18) million and $(116) million at December 31, 2023, respectively. The carrying amount of available-for-sale investment securities and long-term debt related to discontinued hedging relationships was $6.8 billion and $14.9 billion, respectively, at December 31, 2024, compared with $830 million and $7.2 billion at December 31, 2023, respectively. (a) Includes amounts related to available-for-sale investment securities currently designated as the hedged item in a fair value hedge using the portfolio layer method. At December 31, 2024, the amortized cost of the closed portfolios used in these hedging relationships was $17.5 billion, of which $11.6 billion was designated as hedged. At December 31, 2024, the cumulative amount of basis adjustments associated with these hedging relationships was $13 million. At December 31, 2023, the amortized cost of the closed portfolios used in these hedging relationships was $15.6 billion, of which $9.6 billion was designated as hedged. At December 31, 2023, the cumulative amount of basis adjustments associated with these hedging relationships was $335 million. 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 2024 2023 2022 Asset and Liability Management Positions Other economic hedges Interest rate contracts Futures and forwards Mortgage banking revenue $ 5 $ 71 $ 407 Purchased and written options Mortgage banking revenue 195 89 1 Swaps Mortgage banking revenue/Other noninterest income/Interest expense (201) (19) (1,010) Foreign exchange forward contracts Other noninterest income 23 (7) (1) Equity contracts Compensation expense (4) (8) (8) Credit contracts Commercial products revenue (21) — — Other Other noninterest income (147) 1 (181) Customer-Related Positions Interest rate contracts Swaps Commercial products revenue 280 185 98 Purchased and written options Commercial products revenue (58) 45 20 Futures Commercial products revenue — (1) 30 Foreign exchange rate contracts Forwards, spots and swaps Commercial products revenue 215 195 100 Purchased and written options Commercial products revenue — 1 1 Commodity contracts Swaps Commercial products revenue 16 6 — Purchased and written options Commercial products revenue 6 — — Credit contracts Commercial products revenue (3) 1 20 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.

Netting Arrangements for Certai

Netting Arrangements for Certain Financial Instruments and Securities Financing Activities	12 Months Ended
	Dec. 31, 2024
Offsetting [Abstract]
Netting Arrangements for Certain Financial Instruments and Securities Financing Activities	NOTE 20 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 $1.3 trillion total notional amount of derivative positions at December 31, 2024, $576.7 billion related to bilateral over-the-counter trades, $709.5 billion related to those centrally cleared through clearinghouses and $1.2 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 19 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, corporate debt securities or asset-backed securities. The securities loaned or borrowed typically are corporate debt securities traded by the Company’s primary 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 from 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 Continuous Less Than 30 Days 30-89 Days Greater Than 90 Days Total December 31, 2024 Repurchase agreements U.S. Treasury and agencies $ 5,918 $ — $ — $ — $ 5,918 Residential agency mortgage-backed securities 319 — — — 319 Corporate debt securities 1,116 — — — 1,116 Asset-backed securities 270 22 — — 292 Total repurchase agreements 7,623 22 — — 7,645 Securities loaned Corporate debt securities 90 — — — 90 Total securities loaned 90 — — — 90 Gross amount of recognized liabilities $ 7,713 $ 22 $ — $ — $ 7,735 December 31, 2023 Repurchase agreements U.S. Treasury and agencies $ 2,375 $ — $ — $ — $ 2,375 Residential agency mortgage-backed securities 338 — — — 338 Corporate debt securities 821 — — — 821 Asset-backed securities — 45 — — 45 Total repurchase agreements 3,534 45 — — 3,579 Securities loaned Corporate debt securities 290 — — — 290 Total securities loaned 290 — — — 290 Gross amount of recognized liabilities $ 3,824 $ 45 $ — $ — $ 3,869 The Company executes its derivative, repurchase/reverse repurchase and securities loaned/borrowed transactions under the respective industry standard agreements. These agreements include master netting arrangements that allow for multiple contracts executed with the same counterparty to be viewed as a single arrangement. This allows for net settlement of a single amount on a daily basis. In the event of default, the master netting arrangement provides for close-out netting, which allows all of these positions with the defaulting counterparty to be terminated and net settled with a single payment amount. The Company has elected to offset the assets and liabilities under netting arrangements for the balance sheet presentation of the majority of its derivative counterparties. The netting occurs at the counterparty level, and includes all assets and liabilities related to the derivative contracts, including those associated with cash collateral received or delivered. The Company has not elected to offset the assets and liabilities under netting arrangements for the balance sheet presentation of repurchase/reverse repurchase and securities loaned/borrowed transactions. 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 Recognized Assets Gross Amounts Offset on the Consolidated Balance Sheet (a) Net Amounts Presented on the Consolidated Balance Sheet Gross Amounts Not Offset on the Consolidated Balance Sheet Financial Instruments (b) Collateral Received (c) Net Amount December 31, 2024 Derivative assets (d) $ 6,422 $ (2,979) $ 3,443 $ (177) $ (5) $ 3,261 Reverse repurchase agreements 6,383 — 6,383 (851) (5,508) 24 Securities borrowed 1,516 — 1,516 — (1,453) 63 Total $ 14,321 $ (2,979) $ 11,342 $ (1,028) $ (6,966) $ 3,348 December 31, 2023 Derivative assets (d) $ 6,504 $ (3,666) $ 2,838 $ (141) $ (3) $ 2,694 Reverse repurchase agreements 2,513 — 2,513 (568) (1,941) 4 Securities borrowed 1,802 — 1,802 (14) (1,717) 71 Total $ 10,819 $ (3,666) $ 7,153 $ (723) $ (3,661) $ 2,769 (a) Includes $1.9 billion and $1.6 billion of cash collateral related payables that were netted against derivative assets at December 31, 2024 and 2023, 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 $15 million and $27 million at December 31, 2024 and 2023, respectively, of derivative assets not subject to netting arrangements. (Dollars in Millions) Gross Recognized Liabilities Gross Amounts Offset on the Consolidated Balance Sheet (a) Net Amounts Presented on the Consolidated Balance Sheet Gross Amounts Not Offset on the Consolidated Balance Sheet Net Amount Financial Instruments (b) Collateral Pledged (c) December 31, 2024 Derivative liabilities (d) $ 8,081 $ (2,949) $ 5,132 $ (177) $ — $ 4,955 Repurchase agreements 7,645 — 7,645 (851) (6,787) 7 Securities loaned 90 — 90 — (88) 2 Total $ 15,816 $ (2,949) $ 12,867 $ (1,028) $ (6,875) $ 4,964 December 31, 2023 Derivative liabilities (d) $ 8,217 $ (3,720) $ 4,497 $ (141) $ — $ 4,356 Repurchase agreements 3,579 — 3,579 (568) (3,008) 3 Securities loaned 290 — 290 (14) (270) 6 Total $ 12,086 $ (3,720) $ 8,366 $ (723) $ (3,278) $ 4,365 (a) Includes $1.9 billion and $1.7 billion of cash collateral related receivables that were netted against derivative liabilities at December 31, 2024 and 2023, 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)

Fair Values of Assets and Liabi

Fair Values of Assets and Liabilities	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Fair Values of Assets and Liabilities	NOTE 21 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 investment securities, MSRs, certain time deposits and structured long-term notes, and substantially all MLHFS are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record at fair value other assets on a nonrecurring basis, such as loans held for sale, loans held for investment and certain other assets. These nonrecurring fair value adjustments typically involve application of lower-of-cost-or-fair value accounting or impairment write-downs of individual assets. Other financial instruments, such as held-to-maturity investment securities, loans, the majority of time deposits, short-term borrowings and long-term debt, are accounted for at amortized cost. See “Fair Value of Financial Instruments” in this Note for further information on the estimated fair value of these other financial instruments. In accordance with disclosure guidance, certain financial instruments, such as deposits with no defined or contractual maturity, receivables and payables due in one year or less, insurance contracts and equity investments not accounted for at fair value, are excluded from this Note. 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, and certain time deposits, and structured long-term notes, 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, 2024, 2023 and 2022, there were no significant changes to the valuation techniques used by the Company to measure fair value. Available-for-Sale Investment Securities When quoted market prices for identical securities are available in an active market, these prices are used to determine fair value and these securities are classified within Level 1 of the fair value hierarchy. Level 1 investment securities include U.S. Treasury and exchange-traded securities. 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 MLHFS measured at fair value, for which an active secondary market and readily available market prices exist, are initially valued at the transaction price and are subsequently valued by comparison to instruments with similar collateral and risk profiles. MLHFS are classified within Level 2. Included in mortgage banking revenue were net losses of $15 million, $46 million and $450 million for the years ended December 31, 2024, 2023 and 2022, respectively, from the changes to fair value of these MLHFS under fair value option accounting guidance. Changes in fair value due to instrument specific credit risk were immaterial. Interest income for MLHFS is measured based on contractual interest rates and reported as interest income on the Consolidated Statement of Income. Electing to measure MLHFS at fair value reduces certain timing differences and better matches changes in fair value of these assets with changes in the value of the derivative instruments used to economically hedge them without the burden of complying with the requirements for hedge accounting. Time Deposits The Company elects the fair value option to account for certain time deposits that are hedged with derivatives that do not qualify for hedge accounting. Electing to measure these time deposits at fair value reduces certain timing differences and better matches changes in fair value of these deposits with changes in the value of the derivative instruments used to economically hedge them. The time deposits measured at fair value are valued using a discounted cash flow model that utilizes market observable inputs and are classified within Level 2. Included in interest expense on deposits were net gains of $4 million for both the years ended December 31, 2024 and 2023, from the changes in fair value of time deposits under fair value option accounting guidance. Long-term Debt The Company elects the fair value option to account for certain structured notes that are hedged with derivatives that do not qualify for hedge accounting. Electing to measure these structured notes at fair value reduces certain timing differences and better matches changes in fair value of these notes with changes in the value of the derivative instruments use to economically hedge them. The structured notes measured at fair value are valued using a discounted cash flow model that utilizes market observable inputs and are classified within Level 2. The discount rate used in the discounted cash flow model incorporates the impact of the Company's credit spread, which is based on observable spreads in the secondary bond market. Changes in fair value attributable to instrument specific credit risk are recorded as debit valuation adjustments (“DVA”) in other comprehensive income (loss) with all other changes in fair value recorded in interest expense. Included in other comprehensive income (loss) and interest expense on long-term debt were net DVA gains of $1 million and net gains of $17 million, respectively, for the year ended December 31, 2024 from the changes in fair value of structured notes under fair value option account guidance. Mortgage Servicing Rights MSRs are valued using a discounted cash flow methodology, and are classified within Level 3. The Company determines fair value of the MSRs by projecting future cash flows for different interest rate scenarios using prepayment rates and other assumptions, and discounts 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 9 for further information on MSR valuation assumptions. Derivatives The majority of derivatives held by the Company are executed over-the-counter or centrally cleared through clearinghouses and are valued using market standard cash flow valuation techniques. The models incorporate inputs, depending on the type of derivative, including interest rate curves, foreign exchange rates and volatility. All derivative values incorporate an assessment of the risk of counterparty nonperformance, measured based on the Company’s evaluation of credit risk including external assessments of credit risk. The Company monitors and manages its nonperformance risk by considering its ability to net derivative positions under master netting arrangements, as well as collateral received or provided under collateral arrangements. Accordingly, the Company has elected to measure the fair value of derivatives, at a counterparty level, on a net basis. The majority of the derivatives are classified within Level 2 of the fair value hierarchy, as the significant inputs to the models, including nonperformance risk, are observable. However, certain derivative transactions are with counterparties where risk of nonperformance cannot be observed in the market and, therefore, the credit valuation adjustments result in these derivatives being classified within Level 3 of the fair value hierarchy. 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 22 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 significant unobservable inputs used in the fair value measurement of the Company’s MSRs are expected prepayments and the option adjusted spread that is added to the risk-free rate to discount projected cash flows. Significant increases in either of these inputs in isolation would have resulted in a significantly lower fair value measurement. Significant decreases in either of these inputs in isolation would have resulted in a significantly higher fair value measurement. There is no direct interrelationship between prepayments and option adjusted spread. Prepayment rates generally move in the opposite direction of market interest rates. Option adjusted spread is generally impacted by changes in market return requirements. The following table shows the significant valuation assumption ranges for MSRs at December 31, 2024: Minimum Maximum Weighted- Average (a) Expected prepayment 6 % 18 % 9 % Option adjusted spread 5 11 6 (a) Determined based on the relative fair value of the related mortgage loans serviced. Derivatives The Company has two distinct Level 3 derivative portfolios: (i) the Company’s commitments to purchase and originate mortgage loans that meet the requirements of a derivative and (ii) the Company’s asset/liability and customer-related derivatives that are Level 3 due to unobservable inputs related to measurement of risk of nonperformance by the counterparty. In addition, the Company’s Visa swaps are classified within Level 3. 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, 2024: Minimum Maximum Weighted- Average (a) Expected loan close rate 25 % 100 % 83 % Inherent MSR value (basis points per loan) 63 196 116 (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, 2024, 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, 6,313 percent and 2 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, 2024 Available-for-sale securities U.S. Treasury and agencies $ 23,891 $ 4,496 $ — $ — $ 28,387 Mortgage-backed securities Residential agency — 33,281 — — 33,281 Commercial Agency — 7,351 — — 7,351 Non-agency — 6 — — 6 Asset-backed securities — 7,165 — — 7,165 Obligations of state and political subdivisions — 9,552 — — 9,552 Other — 250 — — 250 Total available-for-sale 23,891 62,101 — — 85,992 Mortgage loans held for sale — 2,251 — — 2,251 Mortgage servicing rights — — 3,369 — 3,369 Derivative assets 27 5,208 1,202 (2,979) 3,458 Other assets 420 1,769 — — 2,189 Total $ 24,338 $ 71,329 $ 4,571 $ (2,979) $ 97,259 Time deposits $ — $ 5,754 $ — $ — $ 5,754 Long-term debt — 391 — — 391 Derivative liabilities 27 5,131 3,002 (2,949) 5,211 Short-term borrowings and other liabilities (a) 475 1,460 — — 1,935 Total $ 502 $ 12,736 $ 3,002 $ (2,949) $ 13,291 December 31, 2023 Available-for-sale securities U.S. Treasury and agencies $ 14,787 $ 4,755 $ — $ — $ 19,542 Mortgage-backed securities Residential agency — 26,078 — — 26,078 Commercial Agency — 7,343 — — 7,343 Non-agency — 6 — — 6 Asset-backed securities — 6,724 — — 6,724 Obligations of state and political subdivisions — 9,989 — — 9,989 Other — 24 — — 24 Total available-for-sale 14,787 54,919 — — 69,706 Mortgage loans held for sale — 2,011 — — 2,011 Mortgage servicing rights — — 3,377 — 3,377 Derivative assets — 5,078 1,453 (3,666) 2,865 Other assets 550 1,991 — — 2,541 Total $ 15,337 $ 63,999 $ 4,830 $ (3,666) $ 80,500 Time Deposits $ — $ 2,818 $ — $ — $ 2,818 Derivative liabilities 16 4,955 3,338 (3,720) 4,589 Short-term borrowings and other liabilities (a) 517 1,786 — — 2,303 Total $ 533 $ 9,559 $ 3,338 $ (3,720) $ 9,710 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 $159 million and $133 million at December 31, 2024 and 2023, respectively, and reflect no impairment or observable price change adjustment at December 31, 2024, compared with a cumulative impairment of $5 million and no observable price change adjustment at December 31, 2023. The Company recorded a $5 million impairment on these equity investments during 2023. The Company did not record any adjustments for observable price changes during 2024 and 2023. (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 End of Period Balance Net Change in Unrealized Gains (Losses) Relating to Assets and Liabilities Held at End of Period 2024 Mortgage servicing rights $ 3,377 $ (97) (a) $ — $ 1 $ (188) $ — $ 276 (c) $ — $ 3,369 $ (97) (a) Net derivative assets and liabilities (1,885) (3,829) (b) — 1,076 (18) — 1 2,855 (1,800) (492) (d) 2023 Available-for-sale securities Obligations of state and political subdivisions $ 1 $ — $ — $ — $ — $ (1) $ — $ — $ — $ — Total available-for-sale 1 — — — — (1) — — — — Mortgage servicing rights 3,755 (316) (a) — 5 (440) — 373 (c) — 3,377 (316) (a) Net derivative assets and liabilities (3,199) (2,696) (e) — 552 (45) — 1 3,502 (1,885) (183) (f) 2022 Available-for-sale securities Asset-backed securities $ 7 $ — $ (3) $ — $ (4) $ — $ — $ — $ — $ — Obligations of state and political subdivisions 1 — — — — — — — 1 — Total available-for-sale 8 — (3) — (4) — — — 1 — Mortgage servicing rights 2,953 311 (a) — 156 (255) — 590 (c) — 3,755 311 (a) Net derivative assets and liabilities 799 (5,940) (g) — 716 (36) — 11 1,251 (3,199) (3,538) (h) (a) Included in mortgage banking revenue (b) Approximately $200 million, $(3.9) billion and $(147) million included in mortgage banking revenue commercial products revenue other non-interest income (c) Represents MSRs capitalized during the period. (d) Approximately $7 million, $(352) million and $(147) million included in mortgage banking revenue commercial products revenue other non-interest income (e) Approximately $182 million, $(2.9) billion and $1 million included in mortgage banking revenue commercial products revenue other non-interest income (f) Approximately $15 million, $(199) million and $1 million included in mortgage banking revenue commercial products revenue other non-interest income (g) Approximately $(141) million, $(5.6) billion and $(181) million included in mortgage banking revenue commercial products revenue other non-interest income (h) Approximately $5 million, $(3.4) billion and $(181) million included in mortgage banking revenue commercial products revenue other non-interest income 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 value accounting or write-downs of individual assets. 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: 2024 2023 (Dollars in Millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Loans (a) $ — $ — $ 636 $ 636 $ — $ — $ 354 $ 354 Other assets (b) — — 25 25 — — 27 27 (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) 2024 2023 2022 Loans (a) $ 399 $ 368 $ 40 Other assets (b) 12 32 20 (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 the assets and liabilities for which the fair value option has been elected and the aggregate remaining contractual principal balance outstanding as of December 31: 2024 2023 (Dollars in Millions) Fair Value Carrying Amount Contractual Principal Outstanding Carrying Amount Over (Under) Contractual Principal Outstanding Fair Value Carrying Amount Contractual Principal Outstanding Carrying Amount Over (Under) Contractual Principal Outstanding Total loans (a) $ 2,251 $ 2,243 $ 8 $ 2,011 $ 1,994 $ 17 Time deposits 5,754 5,762 (8) 2,818 2,822 (4) Long-term debt 391 409 (18) — — — (a) Includes nonaccrual loans of $1 million carried at fair value with contractual principal outstanding of $1 million at December 31, 2024 and $1 million carried at fair value with contractual principal outstanding of $1 million at December 31, 2023. Includes loans 90 days or more past due of $4 million carried at fair value with contractual principal outstanding of $4 million at December 31, 2024 and $4 million carried at fair value with contractual principal outstanding of $4 million at December 31, 2023. 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, 2024 and 2023. 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: 2024 2023 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 $ 56,502 $ 56,502 $ — $ — $ 56,502 $ 61,192 $ 61,192 $ — $ — $ 61,192 Federal funds sold and securities purchased under resale agreements 6,380 — 6,380 — 6,380 2,543 — 2,543 — 2,543 Investment securities held-to-maturity 78,634 1,275 65,000 — 66,275 84,045 1,310 72,778 — 74,088 Loans held for sale (a) 322 — — 322 322 190 — — 190 190 Loans, net of allowance for losses 372,249 — — 365,628 365,628 366,456 — — 362,849 362,849 Other (b) 2,482 — 1,767 715 2,482 2,377 — 1,863 514 2,377 Financial Liabilities Time deposits (c) 49,015 — 49,156 — 49,156 49,455 — 49,607 — 49,607 Short-term borrowings (d) 13,583 — 13,419 — 13,419 12,976 — 12,729 — 12,729 Long-term debt (e) 57,611 — 56,441 — 56,441 51,480 — 49,697 — 49,697 Other (f) 5,220 — 1,369 3,851 5,220 5,432 — 1,406 4,026 5,432 (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 investments. (c) Excludes time deposits for which the fair value option under applicable accounting guidance was elected. (d) Excludes the Company’s obligation on securities sold short required to be accounted for at fair value per applicable accounting guidance. (e) Excludes structured long-term notes for which the fair value option under applicable accounting guidance was elected. (f) Includes operating lease liabilities and liabilities related to tax-advantaged investments. The fair value of unfunded commitments, deferred non-yield related loan fees, standby letters of credit and other guarantees is approximately equal to their carrying value. The carrying value of unfunded commitments, deferred non-yield related loan fees and standby letters of credit was

Guarantees and Contingent Liabi

Guarantees and Contingent Liabilities	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Guarantees and Contingent Liabilities	NOTE 22 Guarantees and Contingent Liabilities Visa Restructuring and Card Association Litigation The Company’s Payment Services business issues credit and debit cards and acquires credit and debit card transactions through the Visa U.S.A. Inc. card association or its affiliates (collectively “Visa”). In 2007, Visa completed a restructuring and issued shares of Visa Inc. common stock to its financial institution members in contemplation of its initial public offering (“IPO”) completed in the first quarter of 2008 (the “Visa Reorganization”). As a part of the Visa Reorganization, the Company received its proportionate number of shares of Visa Inc. common stock, which were subsequently converted to Class B shares of Visa Inc. (“Class B shares”). As of December 31, 2024, the Company has sold substantially all of its Class B shares. 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 and fully offsets the related Visa Litigation contingent liability. In October 2012, Visa signed a settlement agreement to resolve merchant 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”). The Damages Action was settled and is fully resolved. A number of merchants opted out of the Damages Action class settlement and filed individual cases in various federal district courts. Some of those cases have been settled and others are still being litigated. In March 2024, Visa signed a settlement agreement to resolve the Injunctive Action. In June 2024, the court declined to grant preliminary approval of the proposed settlement, which provided for lower interchange fees and various other rule changes for U.S. merchants. Accordingly, the Injunctive Action continues. Commitments to Extend Credit Commitments to extend credit are legally binding and generally have fixed expiration dates or other termination clauses. The contractual amount represents the Company’s exposure to credit loss, in the event of default by the 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, 2024, excluding those commitments considered derivatives, were as follows: Term (Dollars in Millions) Less Than One Year Greater Than One Year Total Commercial and commercial real estate loans $ 46,760 $ 138,973 $ 185,733 Corporate and purchasing card loans (a) 35,687 — 35,687 Residential mortgages 226 — 226 Retail credit card loans (a) 137,404 — 137,404 Other retail loans 16,460 26,145 42,605 Other 7,736 — 7,736 (a) Primarily cancellable 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, 2024: (Dollars in Millions) Collateral Held Carrying Amount Maximum Potential Future Payments Standby letters of credit $ — $ 23 $ 10,522 Third party borrowing arrangements — — 1 Securities lending indemnifications 6,862 — 6,681 Asset sales — 112 12,650 Merchant processing 816 61 144,713 Other — 21 3,245 Letters of Credit Standby letters of credit are commitments the Company issues to guarantee the performance of a customer to a third party. The guarantees frequently support public and private borrowing arrangements, including commercial paper issuances, bond financings and other similar transactions. The Company also issues and confirms commercial letters of credit on behalf of customers to ensure payment or collection in connection with trade transactions. In the event of a customer’s or counterparty’s nonperformance, the Company’s credit loss exposure is similar to that in any extension of credit, up to the letter’s contractual amount. Management assesses the borrower’s credit to determine the necessary collateral, which may include marketable securities, receivables, inventory, equipment and real estate. Since the conditions requiring the Company to fund letters of credit may not occur, the Company expects its liquidity requirements to be less than the total outstanding commitments. The maximum potential future payments guaranteed by the Company under standby letter of credit arrangements at December 31, 2024, were approximately $10.5 billion with a weighted-average term of approximately 14 months. The estimated fair value of standby letters of credit was approximately $23 million at December 31, 2024. The contract or notional amount of letters of credit at December 31, 2024, were as follows: Term (Dollars in Millions) Less Than One Year Greater Than One Year Total Standby $ 7,105 $ 3,417 $ 10,522 Commercial 441 21 462 Guarantees Guarantees are contingent commitments issued by the Company to customers or other third parties. The Company’s guarantees primarily include parent guarantees related to subsidiaries’ third party borrowing arrangements; third party performance guarantees inherent in the Company’s business operations, such as indemnified securities lending programs and merchant charge-back guarantees; and indemnification or buy-back provisions related to certain asset sales. For certain guarantees, the Company has recorded a liability related to the potential obligation, or has access to collateral to support the guarantee or through the exercise of other recourse provisions can offset some or all of the maximum potential future payments made under these guarantees. Third Party Borrowing Arrangements The Company provides guarantees to third parties as a part of certain subsidiaries’ borrowing arrangements. The maximum potential future payments guaranteed by the Company under these arrangements were approximately $1 million at December 31, 2024. Commitments from Securities Lending The Company participates in securities lending activities by acting as the customer’s agent involving the loan of securities. The Company indemnifies customers for the difference between the fair value of the securities lent and the fair value of the collateral received. Cash collateralizes these transactions. The maximum potential future payments guaranteed by the Company under these arrangements were approximately $6.7 billion at December 31, 2024, and represent the fair value of the securities lent to third parties. At December 31, 2024, the Company held $6.9 billion of cash as collateral for these arrangements. Asset Sales The Company has provided guarantees to certain third parties in connection with the sale or syndication of certain assets, primarily loan portfolios and tax-advantaged investments. These guarantees are generally in the form of asset buy-back or make-whole provisions that are triggered upon a credit event or a change in the tax-qualifying status of the related projects, as applicable, and remain in effect until the loans are collected or final tax credits are realized, respectively. The maximum potential future payments guaranteed by the Company under these arrangements were approximately $12.7 billion at December 31, 2024, and represented the proceeds received from the buyer or the guaranteed portion in these transactions where the buy-back or make-whole provisions have not yet expired. At December 31, 2024, the Company had reserved $103 million for potential losses related to the sale or syndication of tax-advantaged investments. The maximum potential future payments do not include loan sales where the Company provides standard representations 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, 2024, the Company had reserved $9 million for potential losses from representation and warranty obligations, compared with $13 million at December 31, 2023. 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, 2024 and 2023, the Company had $15 million and $18 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 The Company, through its subsidiaries, provides merchant processing services. Under the rules of credit card associations, a merchant processor retains a contingent liability for credit card transactions processed. This contingent liability arises in the event of a billing dispute between the merchant and a cardholder that is ultimately resolved in the cardholder’s favor. In this situation, the transaction is “charged-back” to the merchant and the disputed amount is credited or otherwise refunded to the cardholder. If the Company is unable to collect this amount from the merchant, it bears the loss for the amount of the refund paid to the cardholder. 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 2024 this amount totaled approximately $144.7 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, 2024, the value of airline tickets purchased to be delivered at a future date through card transactions processed by the Company was $12.0 billion. The Company held collateral of $689 million in escrow deposits, letters of credit and indemnities from financial institutions, and liens on various assets related to these airline processing arrangements. 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, 2024, the liability was $40 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, 2024, the Company held $127 million of merchant escrow deposits as collateral and had a recorded liability for potential losses of $21 million related to these charge-backs. Tender Option Bond Program Guarantee As discussed in Note 7, the Company previously sponsored a municipal bond securities tender option bond program and consolidated the program’s entities on its Consolidated Balance Sheet. The Company provided financial performance guarantees related to the program’s entities. During 2024, the Company ended this arrangement, effectively eliminating any outstanding related guarantees. Other Guarantees and Commitments As of December 31, 2024, the Company sponsored, and owned 100 percent of the common equity of, USB Capital IX, a wholly-owned unconsolidated trust, formed for the purpose of issuing redeemable Income Trust Securities (“ITS”) to third-party investors, originally investing the proceeds in junior subordinated debt securities (“Debentures”) issued by the Company and entering into stock purchase contracts to purchase the Company’s preferred stock in the future. As of December 31, 2024, all of the Debentures issued by the Company have either matured or been retired. Total assets of USB Capital IX were $685 million at December 31, 2024, consisting primarily of the Company’s Series A Preferred Stock. The Company’s obligations under the transaction documents, taken together, have the effect of providing a full and unconditional guarantee by the Company, on a junior subordinated basis, of the payment obligations of the trust to third-party investors totaling $684 million at December 31, 2024. The Company has also made other financial performance guarantees and commitments primarily related to the operations of its subsidiaries. At December 31, 2024, the maximum potential future payments guaranteed or committed by the Company under these arrangements were approximately $2.6 billion. Litigation and Regulatory Matters The Company is subject to various litigation and regulatory matters that arise from the conduct of its business activities. 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 of 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 of operations, potentially materially. Residential Mortgage-Backed Securities Litigation Starting in 2011, the Company and other large financial institutions have been sued in their capacity as trustee for residential mortgage–backed securities trusts for losses arising out of the 2008 financial crisis. In the lawsuits brought against the Company, the investors allege that the Company’s banking subsidiary, USBNA, as trustee caused them to incur substantial losses by failing to enforce loan repurchase obligations and failing to abide by appropriate standards of care after events of default allegedly occurred. The plaintiffs in these matters seek monetary damages in unspecified amounts and most also seek equitable relief. Regulatory Matters The Company is continually subject to examinations, inquiries, investigations and other forms of regulatory and governmental inquiry or scrutiny covering a wide range of issues in its financial services businesses including in areas of heightened regulatory scrutiny, such as compliance, risk management, third-party risk management and consumer protection. In some cases, these matters are part of reviews of specified activities at multiple industry participants; in others, they are directed at the Company individually. For example, the Division of Enforcement of the SEC has investigated U.S. Bancorp Fund Services, LLC (“USBFS”), a subsidiary of USBNA, relating to its role providing fund administration services to a third-party investment fund. This investment fund was advised by an investment adviser who engaged in fraud, and USBFS was not affiliated with the investment adviser and did not provide any advisory services to the fund. The Division of Enforcement made a preliminary determination to recommend that the SEC file an enforcement action against USBFS, and USBFS has engaged in discussions with the SEC on this matter. 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
	Dec. 31, 2024
Segment Reporting [Abstract]
Business Segments	NOTE 23 Business Segments The Company's management reporting is organized into three reportable operating segments aligned by major lines of business based on the products and services provided to customers through its distribution channels. All other business activities not included in the reportable operating segments are included in the Treasury and Corporate Support business segment. The chief operating decision maker uses net interest income on a taxable-equivalent basis, noninterest income and net income (loss) before income taxes for all reportable segments in deciding how to allocate resources during the annual budget and monthly forecasting process. The chief operating decision maker considers variances in reported results to forecasts and variances to prior periods to assess performance. The Company’s chief operating decision maker is the Chief Executive Officer. The Company has the following reportable operating and other business segments: Wealth, Corporate, Commercial and Institutional Banking Wealth, Corporate, Commercial and Institutional Banking provides core banking, specialized lending, transaction and payment processing, capital markets, asset management, and brokerage and investment related services to wealth, middle market, large corporate, commercial real estate, government and institutional clients. Consumer and Business Banking Consumer and Business Banking comprises consumer banking, small business banking and consumer lending. Products and services are delivered through banking offices, telephone servicing and sales, online services, direct mail, ATMs, mobile devices, distributed mortgage loan officers, and intermediary relationships including auto dealerships, mortgage banks, and strategic business partners. Payment Services Payment Services includes consumer and business credit cards, stored-value cards, debit cards, corporate, government and purchasing card services and merchant processing. Treasury and Corporate Support Treasury and Corporate Support includes the Company’s investment portfolios, funding, capital management, interest rate risk management, income taxes not allocated to business segments, including most investments in tax-advantaged projects, and the residual aggregate of those expenses associated with corporate activities that are managed on a consolidated basis. Basis of Presentation Business segment results are derived from the Company’s business unit profitability reporting systems by specifically attributing managed balance sheet assets, 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 products. The residual effect on net interest income of asset/liability management activities is included in Treasury and Corporate Support. Noninterest income and expenses directly managed by each business segment, including fees, service charges, salaries and benefits, and other direct revenues and costs are accounted for within each segment’s financial results in a manner similar to 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. Noninterest expenses incurred by centrally managed operations or business segments that directly support another business segment’s operations are charged to the applicable business segment based on its utilization of those services, primarily measured by the volume of customer activities, number of employees or other relevant factors. These allocated expenses are reported as net shared services expense within noninterest expense. Certain activities that do not directly support the operations of the business segments or for which the business segments are not considered financially accountable in evaluating their performance are not charged to the business segments. The income or expenses associated with these corporate activities, including merger and integration charges, are reported within the Treasury and Corporate Support business segment. Income taxes are assessed to each business segment at a standard tax rate with the residual tax expense or benefit to arrive at the consolidated effective tax rate included in Treasury and Corporate Support. 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 2024 and 2023, certain organization and methodology changes were made, including revising the Company’s business segment funds transfer-pricing methodology related to deposits and loans during the second quarter of 2024 and combining its Wealth Management and Investment Services and Corporate and Commercial Banking business segments to create the Wealth, Corporate, Commercial and Institutional Banking business segment during the third quarter of 2023. Prior period results were recast and presented on a comparable basis. Condensed income statement results by business segment for the years ended December 31 were as follows: Wealth, Corporate, Commercial and Institutional Banking Consumer and Business Banking Payment Services (Dollars in Millions) 2024 2023 2022 2024 2023 2022 2024 2023 2022 Net interest income (taxable-equivalent basis) (a) $ 7,645 $ 7,862 $ 5,680 $ 7,658 $ 8,683 $ 7,266 $ 2,831 $ 2,609 $ 2,504 Noninterest income (b)(c) 4,548 4,141 3,561 1,606 1,675 1,536 4,198 4,055 3,794 Total net revenue 12,193 12,003 9,241 9,264 10,358 8,802 7,029 6,664 6,298 Compensation and employee benefits 2,191 2,151 1,803 2,221 2,305 2,041 906 869 835 Other intangibles 206 230 37 266 292 42 97 114 136 Net shared services 2,116 2,132 1,547 2,800 2,956 2,655 2,126 2,017 1,656 Other direct expenses (d) 936 931 748 1,282 1,316 1,041 926 920 898 Total noninterest expense 5,449 5,444 4,135 6,569 6,869 5,779 4,055 3,920 3,525 Income (loss) before provision and income taxes 6,744 6,559 5,106 2,695 3,489 3,023 2,974 2,744 2,773 Provision for credit losses 385 340 154 182 78 75 1,614 1,394 980 Income (loss) before income taxes 6,359 6,219 4,952 2,513 3,411 2,948 1,360 1,350 1,793 Income taxes and taxable-equivalent adjustment 1,590 1,555 1,239 629 854 738 340 337 448 Net income (loss) 4,769 4,664 3,713 1,884 2,557 2,210 1,020 1,013 1,345 Net (income) loss attributable to noncontrolling interests — — — — — — — — — Net income (loss) attributable to U.S. Bancorp $ 4,769 $ 4,664 $ 3,713 $ 1,884 $ 2,557 $ 2,210 $ 1,020 $ 1,013 $ 1,345 Treasury and Corporate Support Consolidated Company (Dollars in Millions) 2024 2023 2022 2024 2023 2022 Net interest income (taxable-equivalent basis) (a) $ (1,725) $ (1,627) $ (604) $ 16,409 $ 17,527 $ 14,846 Noninterest income (b)(c) 694 746 565 11,046 10,617 9,456 Total net revenue (1,031) (881) (39) 27,455 28,144 24,302 Compensation and employee benefits 5,236 5,091 4,478 10,554 10,416 9,157 Other intangibles — — — 569 636 215 Net shared services (7,042) (7,105) (5,858) — — — Other direct expenses (d) 2,921 4,654 2,847 6,065 7,821 5,534 Total noninterest expense 1,115 2,640 1,467 17,188 18,873 14,906 Income (loss) before provision and income taxes (2,146) (3,521) (1,506) 10,267 9,271 9,396 Provision for credit losses 57 463 768 2,238 2,275 1,977 Income (loss) before income taxes (2,203) (3,984) (2,274) 8,029 6,996 7,419 Income taxes and taxable-equivalent adjustment (859) (1,208) (844) 1,700 1,538 1,581 Net income (loss) (1,344) (2,776) (1,430) 6,329 5,458 5,838 Net (income) loss attributable to noncontrolling interests (30) (29) (13) (30) (29) (13) Net income (loss) attributable to U.S. Bancorp $ (1,374) $ (2,805) $ (1,443) $ 6,299 $ 5,429 $ 5,825 (a) Total net interest income includes a taxable-equivalent adjustment of $120 million, $131 million and $118 million for 2024, 2023 and 2022, respectively. See Non-GAAP Financial Measures beginning on page 57 (b) Payment services noninterest income presented net of related rewards and rebate costs and certain partner payments of $3.1 billion, $3.0 billion and $2.9 billion for 2024, 2023 and 2022, respectively. (c) Total noninterest income includes revenue generated from certain contracts with customers of $9.2 billion, $8.8 billion and $8.0 billion for 2024, 2023 and 2022, respectively. (d) Other direct expenses for each reportable segment includes: net occupancy and equipment, professional services, marketing and business development, technology and communications, and other. Average balances by business segment for the years ended December 31 were as follows: Wealth, Corporate, Commercial and Institutional Banking Consumer and Business Banking Payment Services (Dollars in Millions) 2024 2023 2022 2024 2023 2022 2024 2023 2022 Loans $ 172,466 $ 175,836 $ 150,512 $ 155,088 $ 162,012 $ 144,441 $ 41,081 $ 38,471 $ 34,627 Other earning assets 10,122 6,613 4,771 2,410 2,388 3,117 142 97 634 Goodwill 4,825 4,682 3,634 4,326 4,466 3,250 3,357 3,327 3,305 Other intangible assets 981 1,007 365 4,539 5,264 3,784 277 352 423 Assets 201,362 202,701 169,554 168,913 179,247 160,174 47,169 44,291 41,072 Noninterest-bearing deposits 56,760 70,908 82,671 20,810 30,967 31,719 2,685 2,981 3,410 Interest-bearing deposits 214,622 203,038 175,345 200,611 185,712 163,190 96 103 162 Total deposits 271,382 273,946 258,016 221,421 216,679 194,909 2,781 3,084 3,572 Total U.S. Bancorp shareholders’ equity 21,438 22,366 18,159 14,426 16,026 12,678 10,005 9,310 8,233 Treasury and Corporate Support Consolidated Company (Dollars in Millions) 2024 2023 2022 2024 2023 2022 Loans $ 5,240 $ 4,956 $ 3,993 $ 373,875 $ 381,275 $ 333,573 Other earning assets 220,092 214,826 203,248 232,766 223,924 211,770 Goodwill — — — 12,508 12,475 10,189 Other intangible assets 9 16 5 5,806 6,639 4,577 Assets 246,570 237,201 221,349 664,014 663,440 592,149 Noninterest-bearing deposits 2,752 2,912 2,594 83,007 107,768 120,394 Interest-bearing deposits 11,179 9,042 3,293 426,508 397,895 341,990 Total deposits 13,931 11,954 5,887 509,515 505,663 462,384 Total U.S. Bancorp shareholders’ equity 11,337 5,958 11,346 57,206 53,660 50,416

U.S. Bancorp (Parent Company)

U.S. Bancorp (Parent Company)	12 Months Ended
	Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]
U.S. Bancorp (Parent Company)	NOTE 24 U.S. Bancorp (Parent Company) Condensed Balance Sheet At December 31 (Dollars in Millions) 2024 2023 Assets Due from banks, principally interest-bearing $ 9,377 $ 11,585 Available-for-sale investment securities 649 662 Investments in bank subsidiaries 63,680 61,495 Investments in nonbank subsidiaries 4,031 3,884 Advances to bank subsidiaries 16,100 12,100 Advances to nonbank subsidiaries 401 159 Other assets 945 974 Total assets $ 95,183 $ 90,859 Liabilities and Shareholders’ Equity Long-term debt $ 35,257 $ 34,332 Other liabilities 1,348 1,221 Shareholders’ equity 58,578 55,306 Total liabilities and shareholders’ equity $ 95,183 $ 90,859 Condensed Income Statement Year Ended December 31 (Dollars in Millions) 2024 2023 2022 Income Dividends from bank subsidiaries $ 4,800 $ 4,869 $ 4,750 Dividends from nonbank subsidiaries 11 11 105 Interest from subsidiaries 1,224 606 119 Other income 24 51 31 Total income 6,059 5,537 5,005 Expense Interest expense 1,663 1,336 505 Other expense 178 137 162 Total expense 1,841 1,473 667 Income before income taxes and equity in undistributed income of subsidiaries 4,218 4,064 4,338 Applicable income taxes (95) (170) (138) Income of parent company 4,313 4,234 4,476 Equity in undistributed income of subsidiaries 1,986 1,195 1,349 Net income attributable to U.S. Bancorp $ 6,299 $ 5,429 $ 5,825 Condensed Statement of Cash Flows Year Ended December 31 (Dollars in Millions) 2024 2023 2022 Operating Activities Net income attributable to U.S. Bancorp $ 6,299 $ 5,429 $ 5,825 Adjustments to reconcile net income to net cash provided by operating activities Equity in undistributed income of subsidiaries (1,986) (1,195) (1,349) Other, net 385 83 (398) Net cash provided by operating activities 4,698 4,317 4,078 Investing Activities Proceeds from sales and maturities of investment securities 11 25 423 Investments in subsidiaries — — (5,030) Net (increase) decrease in short-term advances to subsidiaries (242) (9) 557 Long-term advances to subsidiaries (5,500) (7,500) (2,000) Principal collected on long-term advances to subsidiaries 1,500 4,500 2,500 Cash paid for acquisition — — (5,500) Other, net 16 172 (173) Net cash used in investing activities (4,215) (2,812) (9,223) Financing Activities Proceeds from issuance of long-term debt 6,516 8,150 8,150 Principal payments or redemption of long-term debt (5,618) (936) (2,300) Proceeds from issuance of preferred stock — — 437 Proceeds from issuance of common stock 32 951 21 Repurchase of preferred stock — — (1,100) Repurchase of common stock (173) (62) (69) Cash dividends paid on preferred stock (356) (341) (299) Cash dividends paid on common stock (3,092) (2,970) (2,776) Net cash provided by (used in) financing activities (2,691) 4,792 2,064 Change in cash and due from banks (2,208) 6,297 (3,081) Cash and due from banks at beginning of year 11,585 5,288 8,369 Cash and due from banks at end of year $ 9,377 $ 11,585 $ 5,288 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, dividends are restricted by minimum capital constraints for all national banks.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	NOTE 25 Subsequent Events

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net income attributable to U.S. Bancorp	$ 6,299	$ 5,429	$ 5,825

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Risk Assessment and Management The Company is committed to managing risks that may impact the Company and incorporating risk considerations into its business activities at all levels, including strategic planning, risk identification inventory and assessment, and day-to-day business decisions. The Company’s Board of Directors has approved a risk management framework that establishes governance and risk management requirements for all the Company’s key risk areas and risk-taking activities. The Board oversees management’s performance relative to the risk management framework and risk appetite. Management is responsible for defining the various risks facing the Company, formulating risk management policies and procedures, and managing risk exposures on a day-to-day basis. The Company’s Executive Risk Committee (ERC), which is chaired by the Chief Risk Officer, oversees execution of the risk management framework. The ERC is supported by management’s senior operating committees, each responsible for a specified risk category. The Company’s Information Security Risk Committee (ISRC), which is co-chaired by the Chief Information Security Officer (CISO) and the Chief Technology Risk Officer, is a senior operating committee under this risk governance structure and is responsible for the management of information security risk at the Company. The ISRC provides direction and oversight of the information security risk management framework and corporate control programs of the Company, including significant information security risk events, and mitigation strategies. Further, the ISRC facilitates communication across business lines to provide for effective and consistent information security risk identification and control infrastructure to mitigate and manage material information security risks. The ISRC serves as an escalation, decision making, and approval body for information security risk items, including key policies and programs, issue resolution, emerging risks, and key program adherence. The ISRC escalates matters as appropriate to executive management, the ERC, which reports to the Board’s Risk Management Committee, or a relevant committee of the Board. Generally, each of the ERC and ISRC meet at least monthly. As part of the Company’s risk management framework, risk management programs and processes are in place to incorporate risk considerations into day-to-day business activities across the Company’s risk categories, business lines, and functions. Risk programs may manage all or certain components of a particular risk type. The Company’s cybersecurity risk program provides centralized planning and management of related and interdependent work with a focus on risks from cybersecurity threats. Additionally, the Company’s Information Security Awareness and Training Program educates employees and contractors on information security policies, standards, and practices to protect U.S. Bancorp’s information, information systems, and processes. The Company’s cybersecurity risk program is integrated into the Company’s overall business and operational strategies and requires that the Company allocate appropriate resources to maintain the program. The Company’s processes for assessing, identifying, and managing material risks from cybersecurity threats are integrated into the Company’s overall risk governance and oversight structures through its “three lines of defense” model for establishing effective checks and balances within the risk management framework. In this model, specific to cybersecurity threats, the first line of defense is Information Security Services (ISS), which is responsible for identifying and implementing cybersecurity controls in accordance with policy requirements and industry best practices, to meet regulatory requirements and to safeguard the business. The second line of defense, Cybersecurity Risk Oversight within the Company's Operational Risk Management group, provides reporting and escalation of emerging risks related to cybersecurity and other concerns to senior management, the ERC, the ISRC, other designated senior operating committees, and the Risk Management Committee of the Board of Directors. The third line of defense, the Company’s internal audit function, provides independent assessment and assurance regarding the effectiveness of the Company’s governance, risk management, and control processes with respect to cybersecurity threats, and provides challenges and recommendations for improvement. The Company uses reporting and metrics frameworks and regular internal and external oversight to assess the health of the cybersecurity risk program. At the first level, the ISS team identifies, assesses, and manages cybersecurity risk and threats. The Company manages cybersecurity issues and findings through remediation and/or closure, with escalation processes if an issue or finding cannot be remediated within required timeframes. The Company engages external assessors, consultants, and auditors to review the Company’s cybersecurity risk program against those of industry peers. The Company also uses consultants periodically to provide recommendations to improve and enhance the program. Additionally, the Company continually works to align its policies and practices with industry-accepted information security practices as provided by the National Institute of Standards and Technology Cybersecurity Framework (NIST CSF), Payment Card Industry Data Security Standards (PCI DSS), and other applicable standards, laws, and regulations. During the fiscal year ended December 31, 2024, the Company has not identified any specific risks from cybersecurity threats that have materially affected, or are reasonably likely to affect, the Company’s business strategy, results of operations, or financial condition, other than the risks described under “Risk Factors – Operations and Business Risk” in the 2024 Annual Report. The Company may not be successful in preventing or mitigating the impacts of a future cybersecurity incident that could have a material adverse effect on the Company or its business strategy, results of operations or financial condition. Third Party Risks The Company also maintains a third-party risk management program responsible for the oversight of outsourced operations, which enables the Company to oversee and identify risks related to engaging third-party service providers, including risks from cybersecurity threats to third-party service providers. The Company conducts due diligence using a risk-based approach in selecting and monitoring third-party service providers. The Company also obtains contractual assurances from third-party service providers relating to their security responsibilities, controls, reporting, and roles and responsibilities as it pertains to cybersecurity incident response policies and notification requirements. As appropriate, the Company obtains independent reviews of the third parties’ security through audit reports and testing and conducts verification and validation with third parties to confirm cybersecurity and information security risks are appropriately identified, measured, mitigated, monitored, and reported by the third party to the Company.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	The Company’s cybersecurity risk program is integrated into the Company’s overall business and operational strategies and requires that the Company allocate appropriate resources to maintain the program.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Board of Directors Oversight As part of its responsibility to oversee the management, business, and strategy of the Company, the Company’s Board of Directors reviews and approves the Company’s risk management framework annually through its Risk Management Committee and oversees the Company’s risk management processes by informing itself about the Company’s key risks and evaluating whether management has reasonable risk management and control processes in place to address those risks. The Board carries out its risk management oversight responsibilities primarily through its committees. Each Board committee is responsible for overseeing certain risks under its charter. The Board’s Risk Management Committee, with support from its Cybersecurity and Technology Subcommittee, has primary oversight responsibility for cybersecurity risk, including risks from any cybersecurity threats. The Risk Management Committee monitors the Company’s compliance with the risk management framework and risk limits established under the Company’s risk appetite statement approved by the Board. The Risk Management Committee also oversees the Company’s independent risk management function. The Cybersecurity and Technology Subcommittee has oversight responsibility for cybersecurity risk management and cyber resiliency and certain technology matters. The Risk Management Committee and its Cybersecurity and Technology Subcommittee receive quarterly reports from management on cybersecurity issues, including cybersecurity threats. The Board’s Risk Management Committee and Audit Committee also hold a joint meeting annually at which they receive a report from the Company’s CISO on cybersecurity threats facing the Company and its preparedness to meet and respond to those threats. In addition, the full Board holds periodic cybersecurity education sessions, which may feature the perspective of an outside expert on current cybersecurity topics. The Company also typically conducts an annual executive-level crisis exercise that includes a cybersecurity component to test its resiliency response, completeness of playbooks, and communication protocols. This exercise involves Board members, Managing Committee members, third-party companies, and regulators, as appropriate. The Company’s risk management framework includes its risk appetite statement, which is approved annually by the Board’s Risk Management Committee, and defines acceptable levels of risk-taking and risk limits and establishes the governance and oversight activities over risk management and reporting. Management monitors and measures the Company’s risk appetite using a quantitative risk scorecard consisting of risk appetite metrics and associated limits reported to the Board’s Risk Management Committee on a quarterly basis. The Company’s risk appetite statement includes specific information security metrics and associated limits. These limits also inform how matters, including cybersecurity incidents or threats, are escalated to specific members of management, appropriate senior operating committees (including the ISRC and/or ERC), and/or the Board of Directors or appropriate Board committee. The Board’s Risk Management Committee oversees the Company’s risk profile relative to its risk appetite and compliance with risk limits. Management Oversight The members of the Company’s management that are primarily responsible for assessing and managing risks from cybersecurity threats, including monitoring risk appetite metrics and limits related to cybersecurity, include the Company’s CISO, Chief Risk Officer, and Chief Information and Technology Officer. The Company’s CISO is primarily responsible for the implementation of defense capabilities and risk mitigation strategies. The Company’s CISO, Timothy J. Held, has over 27 years of information technology and cybersecurity experience. He holds the title of Executive Vice President and Chief Information Security Officer and has been in his role since 2018, having served as the Company’s Deputy CISO from 2015 to 2018 and Head of Cyber Defense, Threat Intelligence, and Incident Response from 2012 to 2018. The CISO is supported by his direct reports and their teams, many of whom hold cybersecurity-related certifications. The Company’s CISO reports to the Vice Chair and Chief Risk Officer, Jodi L. Richard, who has served in that position since October 2018. She served as Executive Vice President and Chief Operational Risk Officer of the Company from January 2018 until October 2018, having served as Senior Vice President and Chief Operational Risk Officer from 2014 until January 2018. Prior to that time, Ms. Richard held various senior leadership roles at HSBC from 2003 until 2014, including Executive Vice President and Head of Operational Risk and Internal Control at HSBC North America from 2008 to 2014. Venkatachari Dilip, the Company’s Senior Executive Vice President and Chief Information and Technology Officer, has oversight of technology-related risk management issues and controls that align to the NIST CSF. Mr. Dilip previously was an Executive Vice President from September 2018 to April 2023 and has served as Chief Information and Technology Officer since joining the Company in September 2018. From May 2014 until July 2017, he served as Vice President at McKinsey Digital where he helped banks accelerate their digital transformation. From April 2009 to September 2013, he served as CEO at Compass Labs leading an innovative marketing analytics company. From March 2006 until April 2008, he served as Director of Products at Google where he led product teams for mobile ads and Google Checkout. From March 2004 until March 2006, he served as Vice President of PayPal/eBay and on the Board of PayPal Europe, where he was responsible for Payments Services, Risk and Fraud Management. Previously, Mr. Dilip co-founded and led startup companies CashEdge and CommerceSoft from 1996 until 2003. The CISO and his leadership team generally meet each business day to discuss security item triage and emerging threats and trends identified by the Threat Intelligence Team. The CISO shares pertinent information from those meetings with the Chief Risk Officer. During a cyber incident, which could involve the Company or a third-party service provider to the Company, the Company’s Cyber Security Incident Response Team (CSIRT) leads the response and internal communication. CSIRT manages low and moderate severity incidents, and Enterprise Crisis Management manages high and very high severity incidents. The risk rating of an incident may change throughout the incident investigation period as new information is learned or the environment changes. Depending on severity level, CSIRT or Enterprise Crisis Management distributes incident communications to senior management, including the Chief Executive Officer, Chief Risk Officer, Board of Directors or appropriate Board committee, and if applicable, the Company’s regulators. ISS leadership reports prevention, detection, mitigation, and remediation activities through various working groups and committees. Certain working groups meet with the CISO monthly to review completed risk assessments, and items that require escalation are reported up using the internal committee structure and ad hoc communications if time sensitive. Additionally, working group and committee meetings report up issues to Operational Risk Management, which may decide to open a formal Risk Management Issue (RMI) based on the severity of the issue or other factors and which are subject to specific governance processes. All security-related RMI remediation activities are reviewed with the Chief Risk Officer and Chief Information and Technology Officer on a bi-weekly basis.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	the Company’s Board of Directors reviews and approves the Company’s risk management framework annually through its Risk Management Committee and oversees the Company’s risk management processes by informing itself about the Company’s key risks and evaluating whether management has reasonable risk management and control processes in place to address those risks. The Board carries out its risk management oversight responsibilities primarily through its committees
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Board’s Risk Management Committee, with support from its Cybersecurity and Technology Subcommittee, has primary oversight responsibility for cybersecurity risk, including risks from any cybersecurity threats
Cybersecurity Risk Role of Management [Text Block]	The Cybersecurity and Technology Subcommittee has oversight responsibility for cybersecurity risk management and cyber resiliency and certain technology matters
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	The members of the Company’s management that are primarily responsible for assessing and managing risks from cybersecurity threats, including monitoring risk appetite metrics and limits related to cybersecurity, include the Company’s CISO, Chief Risk Officer, and Chief Information and Technology Officer.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	he Company’s CISO, Timothy J. Held, has over 27 years of information technology and cybersecurity experience
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	The CISO and his leadership team generally meet each business day to discuss security item triage and emerging threats and trends identified by the Threat Intelligence Team. The CISO shares pertinent information from those meetings with the Chief Risk Officer
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2024
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 Securities held for resale are classified as trading securities and are included in other assets and reported at fair value. Changes in fair value and realized gains or losses are reported in noninterest income. Available-for-sale Securities Debt securities that are not trading securities but may be sold before maturity in response to changes in the Company’s interest rate risk profile, funding needs, demand for collateralized deposits by public entities or other reasons, are carried at fair value with unrealized net gains or losses reported within other comprehensive income (loss). Declines in fair value related to credit, if any, are recorded through the establishment of an allowance for credit losses. Held-to-maturity Securities Debt securities for which the Company has the positive intent and ability to hold to maturity are reported at historical cost adjusted for amortization of premiums and accretion of discounts. Expected credit losses, if any, are recorded through the establishment of an allowance for credit losses. Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase
Equity Investments	Equity Investments
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 Loans the Company originates as held for investment are reported at the principal amount outstanding, net of unearned interest income and deferred fees and costs, and any direct principal charge-offs. Interest income is accrued on the unpaid principal balances as earned. Loan and commitment fees and certain direct loan origination costs are deferred and recognized over the life of the loan and/or commitment period as yield adjustments. Purchased Loans All purchased loans are recorded at fair value at the date of purchase and those acquired on or after January 1, 2020 are divided into those considered PCD and those not considered PCD. An allowance for credit losses is established for each population and considers product mix, risk characteristics of the portfolio, delinquency status and refreshed loan-to-value ratios when possible. The allowance established for purchased loans not considered PCD is recognized through provision expense upon acquisition, whereas the allowance established for loans considered PCD at acquisition is offset by an increase in the basis of the acquired loans. Any subsequent increases and decreases in the allowance related to purchased loans, regardless of PCD status, are recognized through provision expense, with charge-offs charged to the allowance. Commitments to Extend Credit Unfunded commitments for residential mortgage loans intended to be held for sale are considered derivatives and recorded in other assets and other liabilities on the Consolidated Balance Sheet at fair value with changes in fair value recorded in noninterest income. All other unfunded loan commitments are not considered derivatives and are not reported on the Consolidated Balance Sheet. Reserves for credit exposure on all other unfunded credit commitments are recorded in other liabilities. Allowance for Credit Losses The allowance for credit losses is established for current expected credit losses on the Company’s loan and lease portfolio, including unfunded credit commitments. The allowance considers expected losses for the remaining lives of the applicable assets, inclusive of expected recoveries. The allowance for credit losses is increased through provisions charged to earnings and reduced by net charge-offs. Management evaluates the appropriateness of the allowance for credit losses on a quarterly basis. 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, both better and 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 economic forecast uncertainty. 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, inflation, interest rates and corporate bonds 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 losses on lease residuals, and the remaining term of the loan, adjusted for expected prepayments. For each loan portfolio, including those loans modified under various loan modification programs, model estimates are adjusted as necessary to consider any relevant changes in portfolio composition, lending policies, underwriting standards, risk management practices, economic conditions or other factors that would affect the accuracy of the model. Expected credit loss estimates also include consideration of expected cash recoveries on loans previously charged-off or expected recoveries on collateral dependent loans where recovery is expected through sale of the collateral at fair value less selling costs. Where loans do not exhibit similar risk characteristics, an individual analysis is performed to consider expected credit losses. For loans and leases that do not share similar risk characteristics with a pool of loans, the Company establishes individually assessed reserves. Reserves for individual commercial nonperforming loans greater than $5 million in the commercial lending segment are analyzed utilizing expected cash flows discounted using the original effective interest rate, the observable market price of the loan, or the fair value of the collateral, less selling costs, for collateral-dependent loans as appropriate. For smaller commercial loans collectively evaluated for impairment, historical loss experience is also incorporated into the allowance methodology applied to this category of loans. 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 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 sheet loan commitments, letters of credit, investment securities and derivatives. Credit risk associated with derivatives is reflected in the fair values recorded for those positions. The liability for off-balance sheet credit exposure related to loan commitments and other credit guarantees is included in other liabilities. Because business processes and credit risks associated with unfunded credit commitments are essentially the same as for loans, the Company utilizes similar processes to estimate its liability for unfunded credit commitments. 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. Credit Quality The credit quality of the Company’s loan portfolios is assessed as a function of net credit losses, levels of nonperforming assets and delinquencies, and credit quality ratings as defined by the Company. 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 or partially charged down to the fair value of the collateral securing the loan, less costs to sell, when the loan is placed on nonaccrual. Consumer lending segment loans are generally charged-off at a specific number of days or payments past due. Residential mortgages and other retail loans secured by 1-4 family properties are generally charged down to the fair value of the collateral securing the loan, less costs to sell, at 180 days past due. Residential mortgage loans and lines in a first lien position are placed on nonaccrual status in instances where a partial charge-off occurs unless the loan is well secured and in the process of collection. Residential mortgage loans and lines in a junior lien position secured by 1-4 family properties are placed on nonaccrual status at 120 days past due or when they are behind a first lien that has become 180 days or greater past due or placed on nonaccrual status. Any secured consumer lending segment loan whose borrower has had debt discharged through bankruptcy, for which the loan amount exceeds the fair value of the collateral, is charged down to the fair value of the related collateral and the remaining balance is placed on nonaccrual status. Credit card loans continue to accrue interest until the account is charged-off. Credit cards are charged-off at 180 days past due. Other retail loans not secured by 1-4 family properties are charged-off at 120 days past due; and revolving consumer lines are charged-off at 180 days past due. Similar to credit cards, other retail loans are generally not placed on nonaccrual status because of the relative short period of time to charge-off. Certain retail customers having financial difficulties may have the terms of their credit card and other loan agreements modified to require only principal payments and, as such, are reported as nonaccrual. 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. Loan Modifications In certain circumstances, the Company may modify the terms of a loan to maximize the collection of amounts due when a borrower is experiencing financial difficulties or is expected to experience difficulties in the near-term. The Company recognizes interest on modified loans if full collection of contractual principal and interest is expected. The effects of modifications on credit loss expectations, such as improved payment capacity, longer expected lives and other factors, are considered when measuring the allowance for credit losses. Modification performance, including redefault rates and how these compare to historical losses, are also considered. Modifications generally do not result in significant changes to the Company’s allowance for credit losses. For the commercial lending segment, modifications generally result in the Company working with borrowers on a case-by-case basis. Commercial and commercial real estate modifications generally include extensions of the maturity date and may be accompanied by an increase or decrease to the interest rate. In addition, the Company may work with the borrower in identifying other changes that mitigate loss to the Company, which may include additional collateral or guarantees to support the loan. To a lesser extent, the Company may provide an interest rate reduction. 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. These modifications 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 some instances, participation in residential mortgage loan modification 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. Credit card and other retail loan modifications are generally part of distinct modification 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.
Leases as lessor	The Company, as a lessor, originates retail and commercial leases either directly to the consumer or indirectly through dealer networks. Retail leases, primarily automobiles, have terms up to 5 years. Commercial leases may include high dollar assets such as aircraft or lower cost items such as office equipment. At lease inception, retail lease customers may be provided with an end-of-term purchase option, which is based on the contractual residual value of the automobile at the expiration of the lease. Automobile leases do not typically contain options to extend or terminate the lease. Equipment leases may contain various types of purchase options. Some option amounts are a stated value, while others are determined using the fair market value at the time of option exercise.
Leases as lessee	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 components in the majority of its lease contracts as a single lease component, with the determination of the lease liability at lease inception based on the present value of the consideration to be paid under the contract. The discount rate used by the Company is determined at commencement of the lease using a secured rate for a similar term as the period of the lease. The Company’s leases do not include significant variable lease payments. Certain of the Company’s real estate leases include options to extend. Lease extension options are generally exercisable at market rates. Option periods that the Company is reasonably certain that it will exercise are included in the calculation of its ROU assets and lease liabilities.
Other Real Estate	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 value as determined on an aggregate basis by type of loan with the exception of loans for which the Company has elected fair value accounting, which are carried at fair value. Any writedowns to fair value upon the transfer of loans to LHFS are reflected in loan charge-offs.
Derivative Financial Instruments	Derivative Financial Instruments I n 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).
Revenue Recognition	Revenue Recognition I n 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: Card Revenue Card revenue includes interchange from credit, debit and stored-value cards processed through card association networks, annual fees, and other transaction and account management fees. Interchange rates are generally set by the card associations and based on purchase volumes and other factors. The Company records interchange as services are provided. Transaction and account management fees are recognized as services are provided, except for annual fees which are recognized over the applicable period. Costs for rewards programs and certain payments to partners and card associations are also recorded within card revenue when services are provided. The Company predominately records card revenue within the Payment Services business segment. Corporate Payment Products Revenue Corporate payment products revenue primarily includes interchange from commercial card products processed through card association networks and revenue from proprietary network transactions. The Company records corporate payment products revenue as services are provided. Certain payments to card associations and customers are also recorded within corporate payment products revenue as services are provided. Corporate payment products revenue is recorded within the Payment Services business segment. Merchant Processing Services Merchant processing services revenue consists principally of merchant discount and other transaction and account management fees charged to merchants for the electronic processing of card association network transactions, less interchange paid to the card-issuing bank, card association assessments, and revenue sharing amounts. All of these are recognized at the time the merchant’s services are performed. The Company may enter into revenue sharing agreements with referral partners or in connection with purchases of merchant contracts from sellers. The revenue sharing amounts are determined primarily on sales volume processed or revenue generated for a particular group of merchants. Merchant processing revenue also includes revenues related to point-of-sale equipment recorded as sales when the equipment is shipped or as earned for equipment rentals. The Company records merchant processing services revenue within the Payment Services business segment. Trust and Investment Management Fees Trust and investment management fees are recognized over the period in which services are performed and are based on a percentage of the fair value of the assets under management or administration, fixed based on account type, or transaction-based fees. Services provided to clients include trustee, transfer agent, custodian, fiscal agent, escrow, fund accounting and administration services. Services provided to mutual funds may include selling, distribution and marketing services. Trust and investment management fees are predominately recorded within the Wealth, Corporate, Commercial and Institutional Banking business segment. Service Charges Service charges include fees received on deposit accounts under depository agreements with customers to provide access to deposited funds, serve as a custodian of funds, and when applicable, pay interest on deposits. Checking or savings accounts may contain fees for various services used on a day-to-day basis by a customer. Fees are recognized as services are delivered to and consumed by the customer, or as fees are charged. Service charges also include revenue generated from ATM transaction processing and settlement services which is recognized at the time the services are performed. Certain payments to partners and card associations related to ATM processing services are also recorded within service charges as services are provided. Further, revenue generated from treasury management services are included in service charges and include fees for a broad range of products and services that enable customers to manage their cash more efficiently. These products and services include cash and investment management, receivables management, disbursement services, funds transfer services, and information reporting. Treasury management revenue is recognized as products and services are provided to customers. The Company reflects a discount calculated on monthly average collected customer balances. Service charges are reported primarily within the Wealth, Corporate, Commercial and Institutional Banking, and Consumer and Business Banking business segments. Commercial Products Revenue Commercial products revenue primarily includes revenue related to ancillary services provided to Wealth, Corporate, Commercial and Institutional Banking, and Consumer and Business Banking customers, including underwriting fees, standby letter of credit fees, non-yield related loan fees, loan and syndication fees, and revenue recognized on customer-related derivatives and sales of direct financing leases. The Company charges underwriting fees when leading or participating with a group of underwriters in raising investment capital on behalf of securities issuers. These fees are recognized at securities issuance. The Company, in its role as lead underwriter, arranges deal structuring and use of outside vendors for the underwriting group. The Company recognizes only those fees and expenses related to its underwriting commitment. Sales of direct financing leases are recognized at point of sale. Mortgage Banking Revenue Mortgage banking revenue includes revenue derived from mortgages originated and subsequently sold, generally with servicing retained. The primary components include: gains and losses on mortgage sales; servicing revenue; changes in fair value for mortgage loans originated with the intent to sell and measured at fair value under the fair value option; changes in fair value for derivative commitments to purchase and originate mortgage loans; changes in the fair value of MSRs; and the impact of risk management activities associated with the mortgage origination pipeline, funded loans and MSRs. Net interest income from mortgage loans is recorded in interest income. Refer to Other Significant Policies in Note 1, as well as Note 9 and Note 21 for a further discussion of MSRs. Mortgage banking revenue is reported within the Consumer and Business Banking business segment. Investment Products Fees Investment products fees include commissions related to the execution of requested security trades, distribution fees from sale of mutual funds, and investment advisory fees. Commissions and investment advisory fees are recognized as services are delivered to and utilized by the customer. Distribution fees are received over time, are dependent on the consumer maintaining their mutual fund asset position and the value of such position. These revenues are estimated and recognized at the point a significant reversal of revenue becomes remote. Investment products fees are predominately reported within the Wealth, Corporate, Commercial and Institutional Banking business segment. Other Noninterest Income
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets
Income Taxes	Income Taxes
Mortgage Servicing Rights	Mortgage Servicing Rights
Pensions	Pensions For purposes of its pension plans, the Company utilizes its fiscal year-end as the measurement date. At the measurement date, plan assets are determined based on fair value, generally representing observable market prices or the net asset value provided by the funds’ trustee or administrator. The actuarial cost method used to compute the pension liabilities and related expense is the projected unit credit method. The projected benefit obligation is principally determined based on the present value of projected benefit distributions at an assumed discount rate. The discount rate utilized is based on the investment yield of high quality corporate bonds available in the marketplace with maturities equal to projected cash flows of future benefit payments as of the measurement date. Periodic pension expense (or income) includes service costs, interest costs based on the assumed discount rate, the expected return on plan assets based on an actuarially derived market-related value and amortization of actuarial gains and losses. Service cost is included in compensation and employee benefits expense on the Consolidated Statement of Income, with all other components of periodic pension expense included in other noninterest expense on the Consolidated Statement of Income.
Premises and Equipment	Premises and Equipment Premises and equipment are stated at cost less accumulated depreciation and depreciated primarily on a straight-line basis over the estimated life of the assets. Estimated useful lives range up to 40 years for newly constructed buildings and from 3 to 25 years for furniture and equipment.
Capitalized Software	Capitalized Software The Company capitalizes certain costs associated with the acquisition or development of
Stock-Based Compensation	Stock-Based Compensation The Company grants stock-based awards, which may include restricted stock, restricted stock units and options to purchase common stock of the Company. Stock option grants are for a fixed number of shares to employees and directors with an exercise price equal to the fair value of the shares at the date of grant. Restricted stock and restricted stock unit grants are awarded at no cost to the recipient. Stock-based compensation for awards is recognized in the Company’s results of operations over the vesting period. The Company immediately recognizes compensation cost of awards to employees that meet retirement status, despite their continued active employment. The amortization of stock-based compensation reflects estimated forfeitures adjusted for actual forfeiture experience. As compensation expense is recognized, a deferred tax asset is recorded that represents an estimate of the future tax deduction from exercise or release of restrictions. At the time stock-based awards are exercised, cancelled, expire, or 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 Earnings per common share is calculated using the two-class method under which earnings are allocated to common shareholders and holders of participating securities. Unvested stock-based compensation awards that contain nonforfeitable rights to dividends or dividend equivalents are considered participating securities under the two-class method. Net income applicable to U.S. Bancorp common shareholders is then divided by the weighted-average number of common shares outstanding to determine earnings per common share. Diluted earnings per common share is calculated by adjusting income and outstanding shares, assuming conversion of all potentially dilutive securities
Accounting Changes	Reference Interest Rate Transition In March 2020, the Financial Accounting Standards Board (“FASB”) issued accounting guidance to ease the financial reporting burdens related to the market transition from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative reference rates. The guidance provided temporary optional expedients and exceptions to the guidance in United States generally accepted accounting principles on contract modifications and hedge accounting. The guidance was effective upon issuance and generally could be applied through December 31, 2024. The adoption of this guidance was not material to the Company's financial statements. Income Taxes – Improvements to Income Tax Disclosures In December 2023, the FASB issued guidance, effective for the Company for annual reporting periods beginning after December 15, 2024, related to income tax disclosures. This guidance requires additional information in income tax rate reconciliation disclosures and additional disclosures about income taxes paid. The guidance is required, at a minimum, to be adopted on a prospective basis, with an option to apply it retrospectively. The Company expects the adoption of this guidance will not be material to its financial statements. Segment Reporting – Improvements to Reportable Segment Disclosures
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.
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. Of the Company’s $1.3 trillion total notional amount of derivative positions at December 31, 2024, $576.7 billion related to bilateral over-the-counter trades, $709.5 billion related to those centrally cleared through clearinghouses and $1.2 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 19 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, corporate debt securities or asset-backed securities. The securities loaned or borrowed typically are corporate debt securities traded by the Company’s primary 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 from or refunded to counterparties to maintain specified collateral levels. The Company executes its derivative, repurchase/reverse repurchase and securities loaned/borrowed transactions under the respective industry standard agreements. These agreements include master netting arrangements that allow for multiple contracts executed with the same counterparty to be viewed as a single arrangement. This allows for net settlement of a single amount on a daily basis. In the event of default, the master netting arrangement provides for close-out netting, which allows all of these positions with the defaulting counterparty to be terminated and net settled with a single payment amount.
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 investment securities, MSRs, certain time deposits and structured long-term notes, and substantially all MLHFS are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record at fair value other assets on a nonrecurring basis, such as loans held for sale, loans held for investment and certain other assets. These nonrecurring fair value adjustments typically involve application of lower-of-cost-or-fair value accounting or impairment write-downs of individual assets. Other financial instruments, such as held-to-maturity investment securities, loans, the majority of time deposits, short-term borrowings and long-term debt, are accounted for at amortized cost. See “Fair Value of Financial Instruments” in this Note for further information on the estimated fair value of these other financial instruments. In accordance with disclosure guidance, certain financial instruments, such as deposits with no defined or contractual maturity, receivables and payables due in one year or less, insurance contracts and equity investments not accounted for at fair value, are excluded from this Note. 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, and certain time deposits, and structured long-term notes, 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, 2024, 2023 and 2022, there were no significant changes to the valuation techniques used by the Company to measure fair value. Available-for-Sale Investment Securities When quoted market prices for identical securities are available in an active market, these prices are used to determine fair value and these securities are classified within Level 1 of the fair value hierarchy. Level 1 investment securities include U.S. Treasury and exchange-traded securities. 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 MLHFS measured at fair value, for which an active secondary market and readily available market prices exist, are initially valued at the transaction price and are subsequently valued by comparison to instruments with similar collateral and risk profiles. MLHFS are classified within Level 2. Included in mortgage banking revenue were net losses of $15 million, $46 million and $450 million for the years ended December 31, 2024, 2023 and 2022, respectively, from the changes to fair value of these MLHFS under fair value option accounting guidance. Changes in fair value due to instrument specific credit risk were immaterial. Interest income for MLHFS is measured based on contractual interest rates and reported as interest income on the Consolidated Statement of Income. Electing to measure MLHFS at fair value reduces certain timing differences and better matches changes in fair value of these assets with changes in the value of the derivative instruments used to economically hedge them without the burden of complying with the requirements for hedge accounting. Time Deposits The Company elects the fair value option to account for certain time deposits that are hedged with derivatives that do not qualify for hedge accounting. Electing to measure these time deposits at fair value reduces certain timing differences and better matches changes in fair value of these deposits with changes in the value of the derivative instruments used to economically hedge them. The time deposits measured at fair value are valued using a discounted cash flow model that utilizes market observable inputs and are classified within Level 2. Included in interest expense on deposits were net gains of $4 million for both the years ended December 31, 2024 and 2023, from the changes in fair value of time deposits under fair value option accounting guidance. Long-term Debt The Company elects the fair value option to account for certain structured notes that are hedged with derivatives that do not qualify for hedge accounting. Electing to measure these structured notes at fair value reduces certain timing differences and better matches changes in fair value of these notes with changes in the value of the derivative instruments use to economically hedge them. The structured notes measured at fair value are valued using a discounted cash flow model that utilizes market observable inputs and are classified within Level 2. The discount rate used in the discounted cash flow model incorporates the impact of the Company's credit spread, which is based on observable spreads in the secondary bond market. Changes in fair value attributable to instrument specific credit risk are recorded as debit valuation adjustments (“DVA”) in other comprehensive income (loss) with all other changes in fair value recorded in interest expense. Included in other comprehensive income (loss) and interest expense on long-term debt were net DVA gains of $1 million and net gains of $17 million, respectively, for the year ended December 31, 2024 from the changes in fair value of structured notes under fair value option account guidance. Mortgage Servicing Rights MSRs are valued using a discounted cash flow methodology, and are classified within Level 3. The Company determines fair value of the MSRs by projecting future cash flows for different interest rate scenarios using prepayment rates and other assumptions, and discounts 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 9 for further information on MSR valuation assumptions. Derivatives The majority of derivatives held by the Company are executed over-the-counter or centrally cleared through clearinghouses and are valued using market standard cash flow valuation techniques. The models incorporate inputs, depending on the type of derivative, including interest rate curves, foreign exchange rates and volatility. All derivative values incorporate an assessment of the risk of counterparty nonperformance, measured based on the Company’s evaluation of credit risk including external assessments of credit risk. The Company monitors and manages its nonperformance risk by considering its ability to net derivative positions under master netting arrangements, as well as collateral received or provided under collateral arrangements. Accordingly, the Company has elected to measure the fair value of derivatives, at a counterparty level, on a net basis. The majority of the derivatives are classified within Level 2 of the fair value hierarchy, as the significant inputs to the models, including nonperformance risk, are observable. However, certain derivative transactions are with counterparties where risk of nonperformance cannot be observed in the market and, therefore, the credit valuation adjustments result in these derivatives being classified within Level 3 of the fair value hierarchy.

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Held-to-Maturity Investment Securities	The amortized cost, gross unrealized holding gains and losses, and fair value of held-to-maturity and available-for-sale investment securities at December 31 were as follows: 2024 2023 (Dollars in Millions) Amortized Cost Unrealized Gains Unrealized Losses Fair Value Amortized Cost Unrealized Gains Unrealized Losses Fair Value Held-to-Maturity U.S. Treasury and agencies $ 1,296 $ — $ (21) $ 1,275 $ 1,345 $ — $ (35) $ 1,310 Mortgage-backed securities Residential agency 75,392 3 (12,317) 63,078 80,997 6 (9,929) 71,074 Commercial agency 1,702 — (27) 1,675 1,695 6 (5) 1,696 Other 244 3 — 247 8 — — 8 Total held-to-maturity $ 78,634 $ 6 $ (12,365) $ 66,275 $ 84,045 $ 12 $ (9,969) $ 74,088 Available-for-Sale U.S. Treasury and agencies $ 30,467 $ 1 $ (2,081) $ 28,387 $ 21,768 $ 8 $ (2,234) $ 19,542 Mortgage-backed securities Residential agency 35,558 13 (2,290) 33,281 28,185 104 (2,211) 26,078 Commercial Agency 8,673 — (1,322) 7,351 8,703 — (1,360) 7,343 Non-agency 7 — (1) 6 7 — (1) 6 Asset-backed securities 7,136 30 (1) 7,165 6,713 25 (14) 6,724 Obligations of state and political subdivisions 10,690 13 (1,151) 9,552 10,867 36 (914) 9,989 Other 249 1 — 250 24 — — 24 Total available-for-sale, excluding portfolio level basis adjustments 92,780 58 (6,846) 85,992 76,267 173 (6,734) 69,706 Portfolio level basis adjustments (a) 13 — (13) — 335 — (335) — Total available-for-sale $ 92,793 $ 58 $ (6,859) $ 85,992 $ 76,602 $ 173 $ (7,069) $ 69,706 (a) Represents fair value hedge basis adjustments related to active portfolio layer method hedges of available-for-sale investment securities, which are not allocated to individual securities in the portfolio. For additional information, refer to Note 19.
Available-for-Sale Investment Securities	The amortized cost, gross unrealized holding gains and losses, and fair value of held-to-maturity and available-for-sale investment securities at December 31 were as follows: 2024 2023 (Dollars in Millions) Amortized Cost Unrealized Gains Unrealized Losses Fair Value Amortized Cost Unrealized Gains Unrealized Losses Fair Value Held-to-Maturity U.S. Treasury and agencies $ 1,296 $ — $ (21) $ 1,275 $ 1,345 $ — $ (35) $ 1,310 Mortgage-backed securities Residential agency 75,392 3 (12,317) 63,078 80,997 6 (9,929) 71,074 Commercial agency 1,702 — (27) 1,675 1,695 6 (5) 1,696 Other 244 3 — 247 8 — — 8 Total held-to-maturity $ 78,634 $ 6 $ (12,365) $ 66,275 $ 84,045 $ 12 $ (9,969) $ 74,088 Available-for-Sale U.S. Treasury and agencies $ 30,467 $ 1 $ (2,081) $ 28,387 $ 21,768 $ 8 $ (2,234) $ 19,542 Mortgage-backed securities Residential agency 35,558 13 (2,290) 33,281 28,185 104 (2,211) 26,078 Commercial Agency 8,673 — (1,322) 7,351 8,703 — (1,360) 7,343 Non-agency 7 — (1) 6 7 — (1) 6 Asset-backed securities 7,136 30 (1) 7,165 6,713 25 (14) 6,724 Obligations of state and political subdivisions 10,690 13 (1,151) 9,552 10,867 36 (914) 9,989 Other 249 1 — 250 24 — — 24 Total available-for-sale, excluding portfolio level basis adjustments 92,780 58 (6,846) 85,992 76,267 173 (6,734) 69,706 Portfolio level basis adjustments (a) 13 — (13) — 335 — (335) — Total available-for-sale $ 92,793 $ 58 $ (6,859) $ 85,992 $ 76,602 $ 173 $ (7,069) $ 69,706 (a) Represents fair value hedge basis adjustments related to active portfolio layer method hedges of available-for-sale investment securities, which are not allocated to individual securities in the portfolio. For additional information, refer to Note 19.
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 investment securities: Year Ended December 31 (Dollars in Millions) 2024 2023 2022 Taxable $ 4,808 $ 4,171 $ 3,081 Non-taxable 303 314 297 Total interest income from investment securities $ 5,111 $ 4,485 $ 3,378
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 investment securities: Year Ended December 31 (Dollars in Millions) 2024 2023 2022 Realized gains $ 147 $ 74 $ 163 Realized losses (301) (219) (143) Net realized gains (losses) $ (154) $ (145) $ 20 Income tax expense (benefit) on net realized gains (losses) $ (39) $ (37) $ 5
Gross Unrealized Losses and Fair Value of Investment Securities	The following table shows the gross unrealized losses excluding portfolio level basis adjustments and fair value of the Company’s available-for-sale investment securities with unrealized losses, aggregated by investment category and length of time the individual investment securities have been in continuous unrealized loss positions, at December 31, 2024: Less Than 12 Months 12 Months or Greater Total (Dollars in Millions) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Treasury and agencies $ 9,236 $ (28) $ 16,978 $ (2,053) $ 26,214 $ (2,081) Mortgage-backed securities Residential agency 15,369 (275) 15,738 (2,015) 31,107 (2,290) Commercial Agency — — 7,351 (1,322) 7,351 (1,322) Non-agency — — 7 (1) 7 (1) Asset-backed securities 35 — 1,164 (1) 1,199 (1) Obligations of state and political subdivisions 1,697 (21) 7,435 (1,130) 9,132 (1,151) Other 2 — 4 — 6 — Total investment securities $ 26,339 $ (324) $ 48,677 $ (6,522) $ 75,016 $ (6,846)
Amortized Cost, Fair Value and Yield by Maturity Date	The following table provides information about the amortized cost, fair value and yield by maturity date of the investment securities outstanding at December 31, 2024: (Dollars in Millions) Amortized Fair Value Weighted- Weighted- Average Yield (e) Held-to-Maturity U.S. Treasury and agencies Maturing in one year or less $ 650 $ 647 0.4 2.71 % Maturing after one year through five years 646 628 2.3 3.00 Maturing after five years through ten years — — — — Maturing after ten years — — — — Total $ 1,296 $ 1,275 1.3 2.85 % Mortgage-backed securities (a) Maturing in one year or less $ 42 $ 41 0.8 4.52 % Maturing after one year through five years 2,110 2,091 3.5 4.49 Maturing after five years through ten years 73,667 61,626 9.0 2.12 Maturing after ten years 1,275 995 10.1 2.18 Total $ 77,094 $ 64,753 8.8 2.19 % Other Maturing in one year or less $ 19 $ 16 0.2 3.24 % Maturing after one year through five years 225 231 2.4 2.68 Maturing after five years through ten years — — — — Maturing after ten years — — — — Total $ 244 $ 247 2.2 2.73 % Total held-to-maturity (b) $ 78,634 $ 66,275 8.7 2.20 % Available-for-Sale U.S. Treasury and agencies Maturing in one year or less $ 11 $ 11 0.1 4.64 % Maturing after one year through five years 14,070 13,335 3.2 2.63 Maturing after five years through ten years 15,629 14,476 6.5 3.35 Maturing after ten years 757 565 10.6 1.92 Total $ 30,467 $ 28,387 5.1 2.98 % Mortgage-backed securities (a) Maturing in one year or less $ 30 $ 29 0.6 2.02 % Maturing after one year through five years 6,028 5,611 3.9 2.87 Maturing after five years through ten years 37,699 34,560 7.9 3.96 Maturing after ten years 481 438 11.0 4.76 Total $ 44,238 $ 40,638 7.4 3.82 % Asset-backed securities (a) Maturing in one year or less $ — $ — — — % Maturing after one year through five years 3,668 3,684 1.7 4.90 Maturing after five years through ten years 3,468 3,481 5.9 6.26 Maturing after ten years — — — — Total $ 7,136 $ 7,165 3.8 5.56 % Obligations of state and political subdivisions (c)(d) Maturing in one year or less $ 128 $ 128 0.4 5.53 % Maturing after one year through five years 1,698 1,687 2.5 4.67 Maturing after five years through ten years 1,563 1,474 7.2 3.69 Maturing after ten years 7,301 6,263 14.9 3.47 Total $ 10,690 $ 9,552 11.7 3.72 % Other Maturing in one year or less $ 49 $ 49 0.7 4.66 % Maturing after one year through five years 200 201 1.7 4.82 Maturing after five years through ten years — — — — Maturing after ten years — — — — Total $ 249 $ 250 1.5 4.79 % Total available-for-sale (b)(f) $ 92,780 $ 85,992 6.8 3.67 % (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) The weighted-average maturity of total held-to-maturity investment securities was 8.7 years at December 31, 2023, with a corresponding weighted-average yield of 2.22 percent. The weighted-average maturity of total available-for-sale investment securities was 6.3 years at December 31, 2023, with a corresponding weighted-average yield of 3.12 percent. (c) 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. (d) 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. (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 to held-to maturity. (f) Amortized cost excludes portfolio level basis adjustments of $13 million.

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Composition of Loan Portfolio	The composition of the loan portfolio at December 31, by class and underlying specific portfolio type, was as follows: (Dollars in Millions) 2024 2023 Commercial Commercial $ 135,254 $ 127,676 Lease financing 4,230 4,205 Total commercial 139,484 131,881 Commercial Real Estate Commercial mortgages 38,619 41,934 Construction and development 10,240 11,521 Total commercial real estate 48,859 53,455 Residential Mortgages Residential mortgages 112,806 108,605 Home equity loans, first liens 6,007 6,925 Total residential mortgages 118,813 115,530 Credit Card 30,350 28,560 Other Retail Retail leasing 4,040 4,135 Home equity and second mortgages 13,565 13,056 Revolving credit 3,747 3,668 Installment 14,373 13,889 Automobile 6,601 9,661 Total other retail 42,326 44,409 Total loans $ 379,832 $ 373,835
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 Real Estate Residential Mortgages Credit Other Total Balance at December 31, 2023 $ 2,119 $ 1,620 $ 827 $ 2,403 $ 870 $ 7,839 Add Provision for credit losses 608 53 (53) 1,464 166 2,238 Deduct Loans charged-off 652 229 13 1,406 313 2,613 Less recoveries of loans charged-off (100) (64) (22) (179) (96) (461) Net loan charge-offs (recoveries) 552 165 (9) 1,227 217 2,152 Balance at December 31, 2024 $ 2,175 $ 1,508 $ 783 $ 2,640 $ 819 $ 7,925 Balance at December 31, 2022 $ 2,163 $ 1,325 $ 926 $ 2,020 $ 970 $ 7,404 Add Change in accounting principle (a) — — (31) (27) (4) (62) Allowance for acquired credit losses (b) — 127 — — — 127 Provision for credit losses 270 431 41 1,259 274 2,275 Deduct Loans charged-off 389 281 129 1,014 478 2,291 Less recoveries of loans charged-off (75) (18) (20) (165) (108) (386) Net loan charge-offs (recoveries) 314 263 109 849 370 1,905 Balance at December 31, 2023 $ 2,119 $ 1,620 $ 827 $ 2,403 $ 870 $ 7,839 Balance at December 31, 2021 $ 1,849 $ 1,123 $ 565 $ 1,673 $ 945 $ 6,155 Add Allowance for acquired credit losses (b) 163 87 36 45 5 336 Provision for credit losses (c) 378 152 302 826 319 1,977 Deduct Loans charged-off (d) 319 54 13 696 418 1,500 Less recoveries of loans charged-off (92) (17) (36) (172) (120) (437) Net loan charge-offs (recoveries) 227 37 (23) 524 298 1,063 Other Changes — — — — (1) (1) Balance at December 31, 2022 $ 2,163 $ 1,325 $ 926 $ 2,020 $ 970 $ 7,404 (a) Effective January 1, 2023, the Company adopted accounting guidance which removed the separate recognition and measurement of troubled debt restructurings. (b) Represents allowance for credit deteriorated and charged-off loans acquired from MUB. (c) Includes $662 million of provision for credit losses related to the acquisition of MUB. (d)
Credit Quality Indicators	The following table provides a summary of loans charged-off by portfolio class and year of origination for the years ended December 31: (Dollars in Millions) Commercial Commercial Real Estate (a) Residential Mortgages (b) Credit Card (c) Other Retail (d) Total Loans 2024 Originated in 2024 $ 30 $ 117 $ — $ — $ 13 $ 160 Originated in 2023 84 51 — — 47 182 Originated in 2022 178 55 3 — 52 288 Originated in 2021 32 1 — — 40 73 Originated in 2020 12 1 — — 21 34 Originated prior to 2020 41 4 10 — 35 90 Revolving 275 — — 1,406 105 1,786 Total charge-offs $ 652 $ 229 $ 13 $ 1,406 $ 313 $ 2,613 2023 Originated in 2023 $ 48 $ 63 $ — $ — $ 57 $ 168 Originated in 2022 63 88 1 — 130 282 Originated in 2021 30 69 6 — 83 188 Originated in 2020 17 2 8 — 38 65 Originated in 2019 15 3 16 — 31 65 Originated prior to 2019 53 56 98 — 31 238 Revolving 163 — — 1,014 80 1,257 Revolving converted to term — — — — 28 28 Total charge-offs $ 389 $ 281 $ 129 $ 1,014 $ 478 $ 2,291 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. Predominantly all current year and near term loan origination years for gross charge-offs relate to existing loans that have had recent maturity date, pricing or commitment amount amendments. (a) Includes $91 million of 2023 charge-offs related to uncollectible amounts on acquired loans. (b) Includes $117 million of 2023 charge-offs related to balance sheet repositioning and capital management actions. (c) Predominantly all credit card loans are considered revolving loans. Includes an immaterial amount of charge-offs related to revolving converted to term loans. (d) Includes $192 million of 2023 charge-offs related to balance sheet repositioning and capital management actions. The following table provides a summary of loans by portfolio class and the Company’s internal credit quality rating: December 31, 2024 December 31, 2023 Criticized Criticized (Dollars in Millions) Pass Special Mention Classified (a) Total Criticized Total Pass Special Mention Classified (a) Total Criticized Total Commercial Originated in 2024 $ 57,578 $ 503 $ 1,034 $ 1,537 $ 59,115 $ — $ — $ — $ — $ — Originated in 2023 19,128 173 564 737 19,865 43,023 827 856 1,683 44,706 Originated in 2022 19,718 231 370 601 20,319 40,076 274 632 906 40,982 Originated in 2021 4,677 60 92 152 4,829 9,219 117 154 271 9,490 Originated in 2020 2,737 68 68 136 2,873 3,169 92 71 163 3,332 Originated prior to 2020 4,075 8 75 83 4,158 5,303 30 209 239 5,542 Revolving (b) 27,344 169 812 981 28,325 26,213 362 1,254 1,616 27,829 Total commercial 135,257 1,212 3,015 4,227 139,484 127,003 1,702 3,176 4,878 131,881 Commercial real estate Originated in 2024 9,652 261 1,772 2,033 11,685 — — — — — Originated in 2023 5,213 42 760 802 6,015 8,848 465 2,206 2,671 11,519 Originated in 2022 9,047 661 913 1,574 10,621 11,831 382 1,141 1,523 13,354 Originated in 2021 6,515 100 196 296 6,811 9,235 500 385 885 10,120 Originated in 2020 2,954 29 137 166 3,120 3,797 51 87 138 3,935 Originated prior to 2020 7,868 119 471 590 8,458 10,759 458 619 1,077 11,836 Revolving 2,078 — 68 68 2,146 2,613 6 70 76 2,689 Revolving converted to term 3 — — — 3 2 — — — 2 Total commercial real estate 43,330 1,212 4,317 5,529 48,859 47,085 1,862 4,508 6,370 53,455 Residential mortgages (c) Originated in 2024 10,291 — — — 10,291 — — — — — Originated in 2023 8,764 — 11 11 8,775 9,734 — 5 5 9,739 Originated in 2022 28,484 — 43 43 28,527 29,146 — 17 17 29,163 Originated in 2021 34,694 — 35 35 34,729 36,365 — 16 16 36,381 Originated in 2020 13,748 — 16 16 13,764 14,773 — 9 9 14,782 Originated prior to 2020 22,463 — 264 264 22,727 25,202 — 262 262 25,464 Revolving — — — — — 1 — — — 1 Total residential mortgages 118,444 — 369 369 118,813 115,221 — 309 309 115,530 Credit card (d) 29,915 — 435 435 30,350 28,185 — 375 375 28,560 Other retail Originated in 2024 7,398 — 3 3 7,401 — — — — — Originated in 2023 3,966 — 9 9 3,975 5,184 — 4 4 5,188 Originated in 2022 4,085 — 11 11 4,096 5,607 — 12 12 5,619 Originated in 2021 6,537 — 14 14 6,551 10,398 — 15 15 10,413 Originated in 2020 2,715 — 6 6 2,721 4,541 — 9 9 4,550 Originated prior to 2020 2,828 — 15 15 2,843 4,008 — 20 20 4,028 Revolving 13,846 — 120 120 13,966 13,720 — 104 104 13,824 Revolving converted to term 731 — 42 42 773 735 — 52 52 787 Total other retail 42,106 — 220 220 42,326 44,193 — 216 216 44,409 Total loans $ 369,052 $ 2,424 $ 8,356 $ 10,780 $ 379,832 $ 361,687 $ 3,564 $ 8,584 $ 12,148 $ 373,835 Total outstanding commitments $ 778,155 $ 3,875 $ 10,441 $ 14,316 $ 792,471 $ 762,869 $ 5,053 $ 10,470 $ 15,523 $ 778,392 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. Predominantly all current year and nearer term loan origination years for criticized loans relate to existing loans that have had recent maturity date, pricing or commitment amount amendments. (a) Classified rating on consumer loans primarily based on delinquency status. (b) Includes an immaterial amount of revolving converted to term loans. (c) At December 31, 2024, $2.3 billion of GNMA loans 90 days or more past due and $1.4 billion of modified 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 $2.0 billion and $1.2 billion at December 31, 2023, respectively. (d)
Loans by Portfolio Class, Including Delinquency Status	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 Past Due 90 Days or More Past Due Nonperforming (b) Total December 31, 2024 Commercial $ 138,362 $ 356 $ 96 $ 670 $ 139,484 Commercial real estate 47,948 78 9 824 48,859 Residential mortgages (a) 118,267 188 206 152 118,813 Credit card 29,487 428 435 — 30,350 Other retail 41,886 229 64 147 42,326 Total loans $ 375,950 $ 1,279 $ 810 $ 1,793 $ 379,832 December 31, 2023 Commercial $ 130,925 $ 464 $ 116 $ 376 $ 131,881 Commercial real estate 52,619 55 4 777 53,455 Residential mortgages (a) 115,067 169 136 158 115,530 Credit card 27,779 406 375 — 28,560 Other retail 43,926 278 67 138 44,409 Total loans $ 370,316 $ 1,372 $ 698 $ 1,449 $ 373,835 (a) At December 31, 2024, $660 million of loans 30–89 days past due and $2.3 billion of loans 90 days or more past due purchased and that could be purchased from GNMA mortgage pools under delinquent loan repurchase options 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 $595 million and $2.0 billion at December 31, 2023, respectively. (b)
Loans Modified	The following table provides a summary of period-end balances of loans modified during the periods presented, by portfolio class and modification granted: Year Ended December 31 (Dollars in Millions) Interest Rate Reduction Payment Delay Term Extension Multiple Modifications (a) Total Modifications Percent of Class Total 2024 Commercial $ 77 $ 2 $ 526 $ — $ 605 .4 % Commercial real estate 43 — 1,107 70 1,220 2.5 Residential mortgages (b) — 79 17 23 119 .1 Credit card 414 11 — — 425 1.4 Other retail 7 3 125 4 139 .3 Total loans, excluding loans purchased from GNMA mortgage pools 541 95 1,775 97 2,508 .7 Loans purchased from GNMA mortgage pools (b) 1 1,215 292 407 1,915 1.6 Total loans $ 542 $ 1,310 $ 2,067 $ 504 $ 4,423 1.2 % 2023 Commercial $ 46 $ — $ 286 $ 33 $ 365 .3 % Commercial real estate — — 645 72 717 1.3 Residential mortgages (b) — 234 26 20 280 .2 Credit card 349 1 — — 350 1.2 Other retail 7 21 144 3 175 .4 Total loans, excluding loans purchased from GNMA mortgage pools 402 256 1,101 128 1,887 .5 Loans purchased from GNMA mortgage pools (b) — 1,263 255 321 1,839 1.6 Total loans $ 402 $ 1,519 $ 1,356 $ 449 $ 3,726 1.0 % (a) Includes $310 million of total loans receiving a payment delay and term extension, $155 million of total loans receiving an interest rate reduction and term extension and $39 million of total loans receiving an interest rate reduction, payment delay and term extension for the year ended December 31, 2024, compared with $329 million, $112 million and $8 million for the year ended December 31, 2023, respectively. (b) Percent of class total amounts expressed as a percent of total residential mortgage loan balances. The following table summarizes the effects of loan modifications made to borrowers on loans modified: Year Ended December 31 Weighted-Average Interest Rate Reduction Weighted-Average Months of Term Extension 2024 Commercial (a) 20.3 % 11 Commercial real estate 3.2 13 Residential mortgages 1.1 90 Credit card 16.4 — Other retail 7.7 5 Loans purchased from GNMA mortgage pools .6 110 2023 Commercial (a) 13.0 12 Commercial real estate 3.5 11 Residential mortgages 1.2 98 Credit card 15.4 — Other retail 7.9 4 Loans purchased from GNMA mortgage pools .6 103 Note: The weighted-average payment deferral for all portfolio classes was less than $1 million for the years ended December 31, 2024 and 2023. Forbearance payments are required to be paid at the end of the original term loan. (a) The weighted-average interest rate reduction was primarily driven by commercial cards. The following table provides a summary of loan balances as of December 31, which were modified during the prior twelve months, by portfolio class and delinquency status: (Dollars in Millions) Current 30-89 Days Past Due 90 Days or More Past Due Total 2024 Commercial $ 395 $ 26 $ 167 $ 588 Commercial real estate 875 26 319 1,220 Residential mortgages (a) 1,469 4 6 1,479 Credit card 302 73 39 414 Other retail 112 19 6 137 Total loans $ 3,153 $ 148 $ 537 $ 3,838 2023 Commercial $ 255 $ 12 $ 98 $ 365 Commercial real estate 524 — 193 717 Residential mortgages (a) 1,385 24 16 1,425 Credit card 251 67 32 350 Other retail 133 21 8 162 Total loans $ 2,548 $ 124 $ 347 $ 3,019 (a) At December 31, 2024, $442 million of loans 30-89 days past due and $324 million of loans 90 days or more past due purchased and that could be purchased from GNMA mortgage pools under delinquent loan repurchase options whose payments are insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs, were classified as current, compared with $372 million and $175 million at December 31, 2023, respectively.
Loans Modified During the year that Defaulted	The following table provides a summary of loans that defaulted (fully or partially charged-off or became 90 days or more past due) that were modified within twelve months prior to default. Year Ended December 31 (Dollars in Millions) Interest Rate Reduction Payment Delay Term Extension Multiple Modifications (a) 2024 Commercial $ 30 $ — $ 45 $ — Commercial real estate 43 — 137 — Residential mortgages — 3 — 3 Credit card 128 — — — Other retail 2 — 20 — Total loans, excluding loans purchased from GNMA mortgage pools 203 3 202 3 Loans purchased from GNMA mortgage pools 1 168 78 89 Total loans $ 204 $ 171 $ 280 $ 92 (a)
Loans Modified as Troubled Debt Restructurings that Defaulted	The following table provides a summary of loans that defaulted (fully or partially charged-off or became 90 days or more past due) that were modified on or after January 1, 2023, the date the Company adopted accounting guidance which removed the separate recognition and measurement of troubled debt restructurings, through December 31, 2023: Year Ended December 31 (Dollars in Millions) Interest Rate Reduction Payment Delay Term Extension Multiple Modifications (a) 2023 Commercial $ 7 $ — $ — $ — Commercial real estate — — 1 — Residential mortgages — 8 2 1 Credit card 35 — — — Other retail 1 1 11 — Total loans, excluding loans purchased from GNMA mortgage pools 43 9 14 1 Loans purchased from GNMA mortgage pools — 67 30 37 Total loans $ 43 $ 76 $ 44 $ 38 (a) Represents loans receiving a payment delay and term extension.

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2024
Leases [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) 2024 2023 Lease receivables $ 7,328 $ 7,239 Unguaranteed residual values accruing to the lessor’s benefit 911 1,082 Total net investment in sales-type and direct financing leases $ 8,239 $ 8,321
Schedule of Contractual Future Lease Payments to be Received for Sales-Type and Direct Financing Leases	The contractual future lease payments to be received by the Company, at December 31, 2024, were as follows: (Dollars in Millions) Sales-type and Direct Financing Leases Operating Leases 2025 $ 2,758 $ 143 2026 2,142 104 2027 1,804 77 2028 865 52 2029 269 32 Thereafter 335 54 Total lease payments 8,173 $ 462 Amounts representing interest (845) Lease receivables $ 7,328
Schedule of Contractual Future Lease Payments to be Received for Operating Leases	The contractual future lease payments to be received by the Company, at December 31, 2024, were as follows: (Dollars in Millions) Sales-type and Direct Financing Leases Operating Leases 2025 $ 2,758 $ 143 2026 2,142 104 2027 1,804 77 2028 865 52 2029 269 32 Thereafter 335 54 Total lease payments 8,173 $ 462 Amounts representing interest (845) Lease receivables $ 7,328
Schedule of Amounts Related to Assets Leased	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) 2024 2023 2022 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 389 $ 409 $ 294 Operating cash flows from finance leases 7 7 4 Financing cash flows from finance leases 62 49 14 Right of use assets obtained in exchange for new operating lease liabilities 268 230 239 Right of use assets obtained in exchange for new finance lease liabilities 59 25 91 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 December 31: 2024 2023 Weighted-average remaining lease term of operating leases (in years) 6.7 6.4 Weighted-average remaining lease term of finance leases (in years) 8.1 8.3 Weighted-average discount rate of operating leases 4.0 % 3.7 % Weighted-average discount rate of finance leases 7.3 % 7.7 %
Schedule of Contractual Future Lease Obligations for Operating Leases	The contractual future lease obligations of the Company at December 31, 2024, were as follows: (Dollars in Millions) Operating Leases Finance 2025 $ 324 $ 38 2026 291 37 2027 248 34 2028 195 26 2029 147 8 Thereafter 382 24 Total lease payments 1,587 167 Amounts representing interest (218) (18) Lease liabilities $ 1,369 $ 149
Schedule of Contractual Future Lease Obligations for Finance Leases	The contractual future lease obligations of the Company at December 31, 2024, were as follows: (Dollars in Millions) Operating Leases Finance 2025 $ 324 $ 38 2026 291 37 2027 248 34 2028 195 26 2029 147 8 Thereafter 382 24 Total lease payments 1,587 167 Amounts representing interest (218) (18) Lease liabilities $ 1,369 $ 149

Accounting for Transfers and _2

Accounting for Transfers and Servicing of Financial Assets and Variable Interest Entities (Tables)	12 Months Ended
	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Variable Interest Entities	The following table provides a summary of investments in community development and tax-advantaged VIEs that the Company has not consolidated: At December 31 (Dollars in Millions) 2024 2023 Investment carrying amount $ 8,107 $ 6,659 Unfunded capital and other commitments 5,032 3,619 Maximum exposure to loss 8,435 9,002

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Premises and Equipment	Premises and equipment at December 31 consisted of the following: (Dollars in Millions) 2024 2023 Land $ 498 $ 515 Buildings and improvements 3,121 3,239 Furniture, fixtures and equipment 3,010 3,013 Right of use assets on operating leases 1,114 1,149 Right of use assets on finance leases 314 275 Construction in progress 96 68 Total premises and equipment, gross 8,153 8,259 Less accumulated depreciation and amortization (4,588) (4,636) Total premises and equipment, net $ 3,565 $ 3,623

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	12 Months Ended
	Dec. 31, 2024
Transfers and Servicing [Abstract]
Changes in Fair Value of Capitalized MSRs	Changes in fair value of capitalized MSRs are summarized as follows: (Dollars in Millions) 2024 2023 2022 Balance at beginning of period $ 3,377 $ 3,755 $ 2,953 Rights purchased 1 5 156 Rights capitalized 276 373 590 Rights sold (188) (440) (255) Changes in fair value of MSRs Due to fluctuations in market interest rates (a) 235 66 804 Due to revised assumptions or models (b) 43 12 (29) Other changes in fair value (c) (375) (394) (464) Balance at end of period $ 3,369 $ 3,377 $ 3,755 (a) Includes changes in MSR value associated with changes in market interest rates, including estimated prepayment rates and anticipated earnings on escrow deposits. (b) 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. (c)
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 as of December 31 follows: 2024 2023 (Dollars in Millions) Down Down Down Up Up Up Down Down Down Up Up Up MSR portfolio $ (310) $ (144) $ (69) $ 63 $ 120 $ 217 $ (370) $ (173) $ (84) $ 77 $ 147 $ 268 Derivative instrument hedges 325 147 69 (61) (118) (220) 381 178 86 (79) (152) (289) Net sensitivity $ 15 $ 3 $ — $ 2 $ 2 $ (3) $ 11 $ 5 $ 2 $ (2) $ (5) $ (21)
MSRs and Related Characteristics by Portfolio	A summary of the Company’s MSRs and related characteristics by portfolio as of December 31 follows: 2024 2023 (Dollars in Millions) HFA Government Conventional (d) Total HFA Government Conventional (d) Total Servicing portfolio (a) $ 52,807 $ 25,139 $ 138,428 $ 216,374 $ 48,286 $ 25,996 $ 151,056 $ 225,338 Fair value $ 856 $ 512 $ 2,001 $ 3,369 $ 769 $ 507 $ 2,101 $ 3,377 Value (bps) (b) 162 204 145 156 159 195 139 150 Weighted-average servicing fees (bps) 35 45 25 30 36 44 26 30 Multiple (value/servicing fees) 4.57 4.56 5.69 5.17 4.45 4.41 5.41 5.00 Weighted-average note rate 4.92 % 4.35 % 3.87 % 4.18 % 4.56 % 4.23 % 3.81 % 4.02 % Weighted-average age (in years) 4.5 6.1 5.0 5.0 4.3 5.5 4.3 4.4 Weighted-average expected prepayment (constant prepayment rate) 9.9 % 10.2 % 7.8 % 8.6 % 10.5 % 11.1 % 9.1 % 9.6 % Weighted-average expected life (in years) 7.5 6.8 7.4 7.4 7.2 6.5 7.0 7.0 Weighted-average option adjusted spread (c) 5.8 % 6.2 % 5.6 % 5.7 % 5.4 % 5.9 % 4.6 % 4.9 % (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)

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible assets consisted of the following: At December 31 (Dollars in Millions) 2024 2023 Goodwill $ 12,536 $ 12,489 Core deposit benefits 1,702 2,134 Mortgage servicing rights 3,369 3,377 Other identified intangibles 476 573 Total $ 18,083 $ 18,573
Aggregate Amortization Expense	Aggregate amortization expense consisted of the following: Year Ended December 31 (Dollars in Millions) 2024 2023 2022 Core deposit benefits $ 432 $ 481 $ 53 Other identified intangibles 137 155 162 Total $ 569 $ 636 $ 215
Estimated Amortization Expense	The estimated amortization expense for the next five years is as follows: (Dollars in Millions) 2025 $ 489 2026 422 2027 353 2028 290 2029 223
Changes in Carrying Value of Goodwill	The following table reflects the changes in the carrying value of goodwill for the years ended December 31, 2024, 2023 and 2022: (Dollars in Millions) Wealth, Corporate, Commercial and Institutional Banking Consumer and Business Banking Payment Services Treasury and Corporate Support Consolidated Company Balance at December 31, 2021 $ 3,673 $ 3,245 $ 3,344 $ — $ 10,262 Goodwill acquired 918 1,220 11 — 2,149 Foreign exchange translation and other (2) — (36) — (38) Balance at December 31, 2022 $ 4,589 $ 4,465 $ 3,319 $ — $ 12,373 Goodwill acquired 235 (139) — — 96 Foreign exchange translation and other 1 — 19 — 20 Balance at December 31, 2023 $ 4,825 $ 4,326 $ 3,338 $ — $ 12,489 Goodwill acquired — — 80 — 80 Foreign exchange translation and other (2) — (31) — (33) Balance at December 31, 2024 $ 4,823 $ 4,326 $ 3,387 $ — $ 12,536

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2024
Deposits [Abstract]
Composition of Deposits	The composition of deposits at December 31 was as follows: (Dollars in Millions) 2024 2023 Noninterest-bearing deposits $ 84,158 $ 89,989 Interest-bearing deposits Interest checking 127,188 127,453 Money market savings 206,805 199,378 Savings accounts 45,389 43,219 Time deposits 54,769 52,273 Total interest-bearing deposits 434,151 422,323 Total deposits $ 518,309 $ 512,312
Maturities of Time Deposits Outstanding	The maturities of time deposits outstanding at December 31, 2024 were as follows: (Dollars in Millions) 2025 $ 51,876 2026 2,045 2027 310 2028 149 2029 387 Thereafter 2 Total $ 54,769

Short-Term Borrowings (Tables)

Short-Term Borrowings (Tables)	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Summary of Short-Term Borrowings	Short-term borrowings at December 31 consisted of the following: (Dollars in Millions) 2024 2023 Federal funds purchased $ 252 $ 248 Securities sold under agreements to repurchase 7,642 3,576 Commercial paper 4,288 7,773 Other short-term borrowings 3,336 3,682 Total $ 15,518 $ 15,279

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Summary of Long-term Debt	Long-term debt (debt with original maturities of more than one year) at December 31 consisted of the following: (Dollars in Millions) Rate Type Rate (a) Maturity Date 2024 2023 U.S. Bancorp (Parent Company) Subordinated notes Fixed 3.600 % 2024 $ — $ 1,000 Fixed 7.500 % 2026 199 199 Fixed 3.100 % 2026 1,000 1,000 Fixed 3.000 % 2029 1,000 1,000 Fixed 4.967 % 2033 1,300 1,300 Fixed 2.491 % 2036 1,300 1,300 Medium-term notes Fixed 1.375% - 6.787% 2025 - 2039 27,939 26,618 Floating 3.813 % 2028 519 — Other (b) 2,000 1,915 Subtotal 35,257 34,332 Subsidiaries Federal Home Loan Bank advances Fixed 1.860% - 8.250% 2025 - 2027 12,550 9,051 Floating 5.190% - 5.210% 2025 - 2026 3,000 3,000 Bank notes Fixed 2.050% - 5.550% 2025 - 2032 3,405 2,289 Floating —% - 4.588% 2027 - 2062 1,813 1,324 Other (c) 1,977 1,484 Subtotal 22,745 17,148 Total $ 58,002 $ 51,480 (a) Weighted-average interest rates of medium-term notes, Federal Home Loan Bank advances and bank notes were 4.40 percent, 4.63 percent and 3.08 percent, respectively. (b) Includes $2.2 billion and $2.1 billion at December 31, 2024 and 2023, respectively, of discounted noninterest-bearing additional cash received by the Company upon close of its 2022 acquisition of MUB from Mitsubishi UFJ Financial Group ("MUFG") to be delivered to MUFG on or prior to December 1, 2027, discounted at the Company’s 5-year unsecured borrowing rate as of the acquisition date, as well as debt issuance fees and unrealized gains and losses and deferred amounts relating to derivative instruments. (c) Includes consolidated community development and tax-advantaged investment VIEs, finance lease obligations, debt issuance fees, and unrealized gains and losses and deferred amounts relating to derivative instruments.
Maturities of Long-term Debt	Maturities of long-term debt outstanding at December 31, 2024, were: (Dollars in Millions) Parent Company Consolidated 2025 $ 2,106 $ 8,199 2026 3,917 13,471 2027 4,757 10,045 2028 4,402 4,430 2029 4,472 4,480 Thereafter 15,603 17,377 Total $ 35,257 $ 58,002

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
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 at December 31 were as follows: 2024 2023 (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 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 30,000 750 21 729 Series N 60,000 1,500 8 1,492 60,000 1,500 8 1,492 Series O 18,000 450 13 437 18,000 450 13 437 Total preferred stock (a) 243,510 $ 7,026 $ 218 $ 6,808 243,510 $ 7,026 $ 218 $ 6,808 (a) The par value of all shares issued and outstanding at December 31, 2024 and 2023, 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 2024 4 $ 173 2023 1 62 2022 1 69
Reconciliation of 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 (Losses) on Investment Securities Available-For-Sale Unrealized Gains (Losses) on Investment Securities Transferred From Available-For-Sale to Held-To-Maturity Unrealized Gains (Losses) on Derivative Hedges Unrealized Gains (Losses) on Retirement Plans Debit Valuation Adjustments Foreign Currency Translation Total 2024 Balance at beginning of period $ (5,151) $ (3,537) $ (242) $ (1,138) $ — $ (28) $ (10,096) Changes in unrealized gains (losses) (60) — (676) 245 1 — (490) Foreign currency translation adjustment (a) — — — — — 18 18 Reclassification to earnings of realized (gains) losses 154 499 258 (1) — — 910 Applicable income taxes (21) (127) 107 (61) — (4) (106) Balance at end of period $ (5,078) $ (3,165) $ (553) $ (955) $ 1 $ (14) $ (9,764) 2023 Balance at beginning of period $ (6,378) $ (3,933) $ (114) $ (939) $ — $ (43) $ (11,407) Changes in unrealized gains (losses) 1,500 — (252) (262) — — 986 Foreign currency translation adjustment (a) — — — — — 21 21 Reclassification to earnings of realized (gains) losses 145 530 80 (7) — — 748 Applicable income taxes (418) (134) 44 70 — (6) (444) Balance at end of period $ (5,151) $ (3,537) $ (242) $ (1,138) $ — $ (28) $ (10,096) 2022 Balance at beginning of period $ 540 $ (935) $ (85) $ (1,426) $ — $ (37) $ (1,943) Changes in unrealized gains and losses (13,656) — (75) 526 — — (13,205) Transfer of securities from available-for-sale to held-to-maturity 4,413 (4,413) — — — — — Foreign currency translation adjustment (a) — — — — — (10) (10) Reclassification to earnings of realized (gains) losses (20) 400 36 128 — — 544 Applicable income taxes 2,345 1,015 10 (167) — 4 3,207 Balance at end of period $ (6,378) $ (3,933) $ (114) $ (939) $ — $ (43) $ (11,407) (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 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) 2024 2023 2022 Unrealized gains (losses) on investment securities available-for-sale Realized gains (losses) on sales of investment securities $ (154) $ (145) $ 20 Securities gains (losses), net 39 37 (5) Applicable income taxes (115) (108) 15 Net-of-tax Unrealized gains (losses) on investment securities transferred from available-for-sale to held-to-maturity Amortization of unrealized gains (losses) (499) (530) (400) Interest income 127 134 119 Applicable income taxes (372) (396) (281) Net-of-tax Unrealized gains (losses) on derivative hedges Realized gains (losses) on derivative hedges (258) (80) (36) Net interest income 66 21 9 Applicable income taxes (192) (59) (27) Net-of-tax Unrealized gains (losses) on retirement plans Actuarial gains (losses) and prior service cost (credit) amortization 1 7 (128) Other noninterest expense — (2) 33 Applicable income taxes 1 5 (95) Net-of-tax Total impact to net income $ (678) $ (558) $ (388)
Regulatory Capital	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 subsidiaries: U.S. Bancorp U.S. Bank National Association At December 31 (Dollars in Millions) 2024 2023 2024 2023 Basel III Standardized Approach: Common equity tier 1 capital $ 47,877 $ 44,947 $ 59,866 $ 58,194 Tier 1 capital 55,129 52,199 60,311 58,638 Total risk-based capital 64,375 61,921 69,947 68,817 Risk-weighted assets 450,498 453,390 443,426 445,829 Common equity tier 1 capital as a percent of risk-weighted assets 10.6 % 9.9 % 13.5 % 13.1 % Tier 1 capital as a percent of risk-weighted assets 12.2 11.5 13.6 13.2 Total risk-based capital as a percent of risk-weighted assets 14.3 13.7 15.8 15.4 Tier 1 capital as a percent of adjusted quarterly average assets (leverage ratio) 8.3 8.1 9.3 9.2 Tier 1 capital as a percent of total on- and off-balance sheet leverage exposure (total leverage exposure ratio) 6.8 6.6 7.6 7.5 U.S. Bancorp U.S. Bank National Association December 31, 2024 Minimum (a) Well- Capitalized Minimum (a) Well- Capitalized Bank Regulatory Capital Requirements Common equity tier 1 capital as a percent of risk-weighted assets 7.6 % 6.5 % 7.0 % 6.5 % Tier 1 capital as a percent of risk-weighted assets 9.1 8.0 8.5 8.0 Total risk-based capital as a percent of risk-weighted assets 11.1 10.0 10.5 10.0 Tier 1 capital as a percent of adjusted quarterly average assets (leverage ratio) 4.0 5.0 4.0 5.0 Tier 1 capital as a percent of total on- and off-balance sheet leverage exposure (total leverage exposure ratio) (b) 3.0 3.0 3.0 (a) The minimum common equity tier 1 capital, tier 1 capital and total risk-based capital ratio requirements reflect a capital conservation buffer. Banks and financial services holding companies must maintain minimum capital levels, including a capital conservation buffer, to avoid limitations on capital distributions and certain discretionary compensation payments. At December 31, 2024, U.S. Bancorp had a capital conservation buffer requirement of 3.1 percent, resulting from the Federal Reserve’s stress capital buffer requirement determined during its 2024 stress testing process, while U.S. Bank National Association had a capital conservation buffer requirement of 2.5 percent. U.S. Bancorp and U.S. Bank National Association were both subject to a capital conservation buffer requirement of 2.5 percent at December 31, 2023. (b) 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
	Dec. 31, 2024
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) 2024 2023 2022 Net income attributable to U.S. Bancorp $ 6,299 $ 5,429 $ 5,825 Preferred dividends (352) (350) (296) Earnings allocated to participating stock awards (38) (28) (28) Net income applicable to U.S. Bancorp common shareholders $ 5,909 $ 5,051 $ 5,501 Average common shares outstanding 1,560 1,543 1,489 Net effect of the exercise and assumed purchase of stock awards 1 — 1 Average diluted common shares outstanding 1,561 1,543 1,490 Earnings per common share $ 3.79 $ 3.27 $ 3.69 Diluted earnings per common share $ 3.79 $ 3.27 $ 3.69

Employee Benefits (Tables)

Employee Benefits (Tables)	12 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
Changes in Benefit Obligation and Plan Assets	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 pension plans: (Dollars in Millions) 2024 2023 Change In Projected Benefit Obligation (a) Benefit obligation at beginning of measurement period $ 7,278 $ 6,617 Service cost 219 223 Interest cost 376 370 Plan amendments — (23) Actuarial (gain) loss (443) 398 Lump sum settlements (118) (94) Benefit payments (243) (213) Benefit obligation at end of measurement period (b) $ 7,069 $ 7,278 Change In Fair Value Of Plan Assets Fair value at beginning of measurement period $ 7,779 $ 7,375 Actual return on plan assets 381 658 Employer contributions 35 28 Lump sum settlements (118) (94) Benefit payments (243) (213) Acquisitions (c) — 25 Fair value at end of measurement period $ 7,834 $ 7,779 Funded Status $ 765 $ 501 Components Of The Consolidated Balance Sheet Noncurrent benefit asset $ 1,329 $ 1,072 Current benefit liability (48) (26) Noncurrent benefit liability (516) (545) Recognized amount $ 765 $ 501 Accumulated Other Comprehensive Income (Loss), Pretax Net actuarial loss $ (1,359) $ (1,607) Net prior service credit 30 34 Recognized amount $ (1,329) $ (1,573) Note: At December 31, 2024 and 2023, the postretirement welfare plans projected benefit obligation was $41 million and $49 million, respectively, the fair value of plan assets was $47 million and $45 million, respectively, and the amount recognized in accumulated other comprehensive income (loss), pretax was $51 million and $52 million, respectively. (a) The decrease in the projected benefit obligation for 2024 was primarily due to a higher discount rate and the increase for 2023 was primarily due to a lower discount rate. (b) At December 31, 2024 and 2023, the accumulated benefit obligation for all pension plans was $6.6 billion and $6.8 billion, respectively. (c) The increase in 2023 plan assets was related to the 2022 MUB acquisition.
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) 2024 2023 Plans with Projected Benefit Obligations in Excess of Plan Assets Projected benefit obligation $ 564 $ 571 Fair value of plan assets — — Plans with Accumulated Benefit Obligations in Excess of Plan Assets Accumulated benefit obligation $ 525 $ 530 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 pension cost and other amounts recognized in accumulated other comprehensive income (loss) for the years ended December 31 for the pension plans: (Dollars in Millions) 2024 2023 2022 Components Of Net Periodic Pension Cost Service cost $ 219 $ 223 $ 280 Interest cost 376 370 248 Expected return on plan assets (585) (546) (481) Prior service credit amortization (4) (1) (2) Actuarial loss amortization 9 5 140 Net periodic pension cost $ 15 $ 51 $ 185 Other Changes In Plan Assets And Benefit Obligations Recognized In Other Comprehensive Income (Loss) Net actuarial (loss) gain arising during the year $ 239 $ (286) $ 523 Net actuarial loss amortized during the year 9 5 140 Net prior service credit (cost) arising during the year — 23 (2) Net prior service credit amortized during the year (4) (1) (2) Total recognized in other comprehensive income (loss) $ 244 $ (259) $ 659 Total recognized in net periodic pension cost and other comprehensive income (loss) $ 229 $ (310) $ 474 Note: The net periodic benefit for the postretirement welfare plans was $7 million, $10 million and $9 million for the years end December 31, 2024, 2023 and 2022, respectively. The total of other amounts recognized as other comprehensive loss was $1 million, $10 million and $5 million for the years ended December 31, 2024, 2023 and 2022, respectively.
Weighted Average Assumptions to Determine Projected Benefit Obligations	The following table sets forth weighted-average assumptions used to determine the pension plans projected benefit obligations at December 31: 2024 2023 Discount rate 5.77 % 5.12 % Cash balance interest crediting rate 3.71 3.04 Rate of compensation increase (a) 3.52 3.72 (a)
Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost	The following table sets forth weighted-average assumptions used to determine net periodic pension cost for the years ended December 31: 2024 2023 2022 Discount rate 5.12 % 5.55 % 3.00 % Cash balance interest crediting rate 3.04 3.36 3.00 Expected return on plan assets (a) 7.00 6.75 6.50 Rate of compensation increase (b) 3.72 4.13 3.56 (a) 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 long-term rate of return information. The Company determines its expected long-term rates of return reflecting current economic conditions and plan assets. (b)
Summary of Plan Investment Assets Measured at Fair Value	The following table summarizes the pension plans investment assets at December 31: (Dollars in Millions) 2024 2023 Cash and cash equivalents $ 63 $ 68 Collective investment funds Domestic equity securities 1,788 1,546 Mid-small cap equity securities 474 406 International equity securities 968 981 Real estate securities 171 142 Fixed income 1,958 2,295 Real estate funds (a) 733 746 Hedge funds (b) 354 412 Private equity funds (c) 1,325 1,183 Total plan investment assets at fair value $ 7,834 $ 7,779 (a) This category consists of several investment strategies diversified across several real estate managers. (b) This category consists of several investment strategies diversified across several hedge fund managers. (c) This category consists of several investment strategies diversified across several private equity fund managers.
Expected Future Benefit Payments	The following benefit payments are expected to be paid from the pension plans for the years ended December 31: (Dollars in Millions) 2025 $ 386 2026 394 2027 428 2028 451 2029 470 2030-2034 2,623

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Summary of Stock Options Outstanding and Exercised Under 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- Average Exercise Price Weighted-Average Remaining Contractual Term Aggregate Intrinsic Value (in millions) 2024 Number outstanding at beginning of period 2,838,285 $ 45.28 Exercised (769,636) 42.04 Cancelled (a) (20,402) 46.15 Number outstanding at end of period (b) 2,048,247 $ 46.49 1.4 $ 3 Exercisable at end of period 2,048,247 $ 46.49 1.4 $ 3 2023 Number outstanding at beginning of period 3,253,090 $ 44.42 Exercised (399,329) 38.15 Cancelled (a) (15,476) 47.88 Number outstanding at end of period (b) 2,838,285 $ 45.28 2.0 $ — Exercisable at end of period 2,838,285 $ 45.28 2.0 $ — 2022 Number outstanding at beginning of period 3,890,131 $ 42.58 Exercised (624,729) 32.87 Cancelled (a) (12,312) 50.97 Number outstanding at end of period (b) 3,253,090 $ 44.42 2.7 $ — Exercisable at end of period 3,253,090 $ 44.42 2.7 $ — Note: The Company did not grant any stock option awards during 2024, 2023, and 2022. (a) Options cancelled include both non-vested (i.e., forfeitures) and vested options. (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 Option Activity	The following summarizes certain stock option activity of the Company: Year Ended December 31 (Dollars in Millions) 2024 2023 2022 Fair value of options vested $ — $ — $ — Intrinsic value of options exercised 3 2 15 Cash received from options exercised 32 15 21 Tax benefit realized from options exercised 1 1 4
Stock Options Outstanding Additional Information	Additional information regarding stock options outstanding as of December 31, 2024, is as follows: Outstanding Options Exercisable Options Range of Exercise Prices Shares Weighted- Average Remaining Contractual Life (Years) Weighted- Average Exercise Price Shares Weighted- Average Exercise Price $35.01—$40.00 915,364 1.1 $ 39.49 915,364 $ 39.49 $40.01—$45.00 299,092 0.1 44.30 299,092 44.30 $45.01—$50.00 — — — — — $50.01—$55.01 833,791 2.1 54.96 833,791 54.96 2,048,247 1.4 $ 46.49 2,048,247 $ 46.49
Summary of 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: 2024 2023 2022 Year Ended December 31 Shares Weighted-Average Grant-Date Fair Value Shares Weighted-Average Grant-Date Fair Value Shares Weighted-Average Grant-Date Fair Value Outstanding at beginning of period 8,316,571 $ 48.42 6,880,826 $ 52.59 6,812,753 $ 51.04 Granted 6,107,976 42.12 5,565,634 45.87 4,109,793 55.62 Vested (4,680,480) 48.52 (3,872,874) 52.05 (3,690,666) 52.88 Cancelled (502,680) 44.06 (257,015) 50.00 (351,054) 54.95 Outstanding at end of period 9,241,387 $ 44.45 8,316,571 $ 48.42 6,880,826 $ 52.59

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Components of Income Tax Expense	The components of income tax expense were: Year Ended December 31 (Dollars in Millions) 2024 2023 2022 Federal Current $ 1,272 $ 1,434 $ 1,366 Deferred (6) (326) (108) Federal income tax 1,266 1,108 1,258 State Current 279 482 401 Deferred 35 (183) (196) State income tax 314 299 205 Total income tax provision $ 1,580 $ 1,407 $ 1,463
Reconciliation of Expected Income Tax Expense at Federal Statutory Rate to the 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) 2024 2023 2022 Tax at statutory rate $ 1,661 $ 1,442 $ 1,533 State income tax, at statutory rates, net of federal tax benefit 385 322 305 Tax effect of Tax credits and benefits, net of related expenses (393) (272) (273) Tax-exempt income (144) (142) (121) Exam Resolutions (106) (35) — Revaluation of tax related assets and liabilities (a) (8) 15 (79) Nondeductible legal and regulatory expenses 57 76 37 Other items 128 1 61 Applicable income taxes $ 1,580 $ 1,407 $ 1,463 (a)
Reconciliation of Changes Unrecognized Tax Positions	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) 2024 2023 2022 Balance at beginning of period $ 350 $ 513 $ 487 Additions for tax positions taken in prior years 32 141 35 Additions for tax positions taken in the current year 6 3 3 Exam resolutions (131) (302) (8) Statute expirations (1) (5) (4) Balance at end of period $ 256 $ 350 $ 513
Significant Components of the Net Deferred Tax Asset (Liability)	The significant components of the Company’s net deferred tax asset (liability) follows: At December 31 (Dollars in Millions) 2024 2023 Deferred Tax Assets Securities available-for-sale and financial instruments $ 3,129 $ 3,231 Federal, state and foreign net operating loss, credit carryforwards and other carryforwards 2,772 2,836 Allowance for credit losses 2,086 2,051 Loans 869 1,013 Accrued expenses 767 838 Obligation for operating leases 341 348 Partnerships and other investment assets 264 271 Stock compensation 89 87 Other deferred tax assets, net 383 370 Gross deferred tax assets 10,700 11,045 Deferred Tax Liabilities Goodwill and other intangible assets (1,362) (1,450) Leasing activities (1,273) (1,455) Mortgage servicing rights (789) (758) Right of use operating leases (297) (301) Pension and postretirement benefits (184) (115) Fixed assets (28) (44) Other deferred tax liabilities, net (125) (168) Gross deferred tax liabilities (4,058) (4,291) Valuation allowance (389) (364) Net Deferred Tax Asset $ 6,253 $ 6,390

Derivative Instruments (Tables)

Derivative Instruments (Tables)	12 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Asset and Liability Management Derivative Positions	The following table summarizes the asset and liability management derivative positions of the Company at December 31: 2024 2023 Notional Value Fair Value Notional Value Fair Value (Dollars in Millions) Assets Liabilities Assets Liabilities Fair value hedges Interest rate contracts Receive fixed/pay floating swaps $ 10,600 $ — $ — $ 12,100 $ — $ 16 Pay fixed/receive floating swaps 29,739 — — 24,139 — — Cash flow hedges Interest rate contracts Receive fixed/pay floating swaps 28,550 — — 18,400 — — Net investment hedges Foreign exchange forward contracts 870 7 — 854 — 10 Other economic hedges Interest rate contracts Futures and forwards Buy 5,436 8 30 5,006 29 5 Sell 2,711 10 1 4,501 7 34 Options Purchased 7,810 186 — 6,085 237 — Written 1,991 8 47 3,696 14 75 Receive fixed/pay floating swaps 9,977 45 23 7,029 9 3 Pay fixed/receive floating swaps 2,371 — — 3,801 — — Foreign exchange forward contracts 702 4 4 734 2 5 Equity contracts 293 — 9 227 2 — Credit contracts 3,558 — 29 2,620 1 — Other (a) 1,084 7 78 2,136 11 93 Total $ 105,692 $ 275 $ 221 $ 91,328 $ 312 $ 241 (a)
Summary of Customer-Related Derivative Positions	The following table summarizes the customer-related derivative positions of the Company at December 31: 2024 2023 Notional Value Fair Value Notional Value Fair Value (Dollars in Millions) Assets Liabilities Assets Liabilities Interest rate contracts Receive fixed/pay floating swaps $ 413,841 $ 462 $ 4,485 $ 363,375 $ 791 $ 4,395 Pay fixed/receive floating swaps 363,837 2,342 153 330,539 1,817 280 Other (a) 72,503 17 34 82,209 17 51 Options Purchased 96,238 414 2 102,423 1,026 18 Written 90,572 12 574 97,690 20 1,087 Foreign exchange rate contracts Forwards, spots and swaps 113,718 2,441 2,232 121,119 2,252 1,942 Options Purchased 497 14 — 1,532 28 — Written 497 — 14 1,532 — 28 Commodity contracts Swaps 8,224 199 180 2,498 116 110 Options Purchased 3,921 233 2 1,936 151 — Written 3,921 3 233 1,936 — 151 Futures Buy 1 — — — — — Sell 166 25 27 — — — Credit contracts 13,670 — 3 13,053 1 6 Total $ 1,181,606 $ 6,162 $ 7,939 $ 1,119,842 $ 6,219 $ 8,068 (a) Primarily represents floating rate interest rate swaps that pay based on differentials between specified interest rate indexes.
Summary of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)	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) for the years ended December 31: Gains (Losses) Recognized in Other Comprehensive Income (Loss) Gains (Losses) Reclassified from Other Comprehensive Income (Loss) into Earnings (Dollars in Millions) 2024 2023 2022 2024 2023 2022 Asset and Liability Management Positions Cash flow hedges Interest rate contracts $ (503) $ (187) $ (56) $ (192) $ (59) $ (27) Net investment hedges Foreign exchange forward contracts 121 (11) 42 — — — Non-derivative debt instruments 85 (33) 59 — — —
Summary of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss)	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) for the years ended December 31: Gains (Losses) Recognized in Other Comprehensive Income (Loss) Gains (Losses) Reclassified from Other Comprehensive Income (Loss) into Earnings (Dollars in Millions) 2024 2023 2022 2024 2023 2022 Asset and Liability Management Positions Cash flow hedges Interest rate contracts $ (503) $ (187) $ (56) $ (192) $ (59) $ (27) Net investment hedges Foreign exchange forward contracts 121 (11) 42 — — — Non-derivative debt instruments 85 (33) 59 — — —
Summary of Effect of Fair Value and Cash Flow Hedge Accounting 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) 2024 2023 2022 2024 2023 2022 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 $ 31,666 $ 30,007 $ 17,945 $ 15,377 $ 12,611 $ 3,217 Asset and Liability Management Positions Fair value hedges Interest rate contract derivatives 508 (430) 138 95 (458) 482 Hedged items (508) 427 (139) (98) 461 (486) Cash flow hedges Interest rate contract derivatives (230) (52) — 28 28 — Note: reclassified
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 currently designated in fair value hedges at December 31: Carrying Amount of the Hedged Assets and Liabilities Cumulative Hedging Adjustment (Dollars in Millions) 2024 2023 2024 2023 Line Item in the Consolidated Balance Sheet Available-for-sale investment securities (a) $ 29,005 $ 23,924 $ (464) $ (93) Long-term debt 10,632 12,034 39 (32) Note: The table above excludes the cumulative hedging adjustment related to discontinued hedging relationships on available-for-sale investment securities and long-term debt of $(72) million and $(149) million, respectively, at December 31, 2024, compared with $(18) million and $(116) million at December 31, 2023, respectively. The carrying amount of available-for-sale investment securities and long-term debt related to discontinued hedging relationships was $6.8 billion and $14.9 billion, respectively, at December 31, 2024, compared with $830 million and $7.2 billion at December 31, 2023, respectively. (a)
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 2024 2023 2022 Asset and Liability Management Positions Other economic hedges Interest rate contracts Futures and forwards Mortgage banking revenue $ 5 $ 71 $ 407 Purchased and written options Mortgage banking revenue 195 89 1 Swaps Mortgage banking revenue/Other noninterest income/Interest expense (201) (19) (1,010) Foreign exchange forward contracts Other noninterest income 23 (7) (1) Equity contracts Compensation expense (4) (8) (8) Credit contracts Commercial products revenue (21) — — Other Other noninterest income (147) 1 (181) Customer-Related Positions Interest rate contracts Swaps Commercial products revenue 280 185 98 Purchased and written options Commercial products revenue (58) 45 20 Futures Commercial products revenue — (1) 30 Foreign exchange rate contracts Forwards, spots and swaps Commercial products revenue 215 195 100 Purchased and written options Commercial products revenue — 1 1 Commodity contracts Swaps Commercial products revenue 16 6 — Purchased and written options Commercial products revenue 6 — — Credit contracts Commercial products revenue (3) 1 20

Netting Arrangements for Cert_2

Netting Arrangements for Certain Financial Instruments and Securities Financing Activities (Tables)	12 Months Ended
	Dec. 31, 2024
Offsetting [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 Continuous Less Than 30 Days 30-89 Days Greater Than 90 Days Total December 31, 2024 Repurchase agreements U.S. Treasury and agencies $ 5,918 $ — $ — $ — $ 5,918 Residential agency mortgage-backed securities 319 — — — 319 Corporate debt securities 1,116 — — — 1,116 Asset-backed securities 270 22 — — 292 Total repurchase agreements 7,623 22 — — 7,645 Securities loaned Corporate debt securities 90 — — — 90 Total securities loaned 90 — — — 90 Gross amount of recognized liabilities $ 7,713 $ 22 $ — $ — $ 7,735 December 31, 2023 Repurchase agreements U.S. Treasury and agencies $ 2,375 $ — $ — $ — $ 2,375 Residential agency mortgage-backed securities 338 — — — 338 Corporate debt securities 821 — — — 821 Asset-backed securities — 45 — — 45 Total repurchase agreements 3,534 45 — — 3,579 Securities loaned Corporate debt securities 290 — — — 290 Total securities loaned 290 — — — 290 Gross amount of recognized liabilities $ 3,824 $ 45 $ — $ — $ 3,869
Netting Adjustments and Items Not Offset in Consolidated Balance Sheet, Assets	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 Recognized Assets Gross Amounts Offset on the Consolidated Balance Sheet (a) Net Amounts Presented on the Consolidated Balance Sheet Gross Amounts Not Offset on the Consolidated Balance Sheet Financial Instruments (b) Collateral Received (c) Net Amount December 31, 2024 Derivative assets (d) $ 6,422 $ (2,979) $ 3,443 $ (177) $ (5) $ 3,261 Reverse repurchase agreements 6,383 — 6,383 (851) (5,508) 24 Securities borrowed 1,516 — 1,516 — (1,453) 63 Total $ 14,321 $ (2,979) $ 11,342 $ (1,028) $ (6,966) $ 3,348 December 31, 2023 Derivative assets (d) $ 6,504 $ (3,666) $ 2,838 $ (141) $ (3) $ 2,694 Reverse repurchase agreements 2,513 — 2,513 (568) (1,941) 4 Securities borrowed 1,802 — 1,802 (14) (1,717) 71 Total $ 10,819 $ (3,666) $ 7,153 $ (723) $ (3,661) $ 2,769 (a) Includes $1.9 billion and $1.6 billion of cash collateral related payables that were netted against derivative assets at December 31, 2024 and 2023, 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)
Netting Adjustments and Items Not Offset in Consolidated Balance Sheet, Liabilities	(Dollars in Millions) Gross Recognized Liabilities Gross Amounts Offset on the Consolidated Balance Sheet (a) Net Amounts Presented on the Consolidated Balance Sheet Gross Amounts Not Offset on the Consolidated Balance Sheet Net Amount Financial Instruments (b) Collateral Pledged (c) December 31, 2024 Derivative liabilities (d) $ 8,081 $ (2,949) $ 5,132 $ (177) $ — $ 4,955 Repurchase agreements 7,645 — 7,645 (851) (6,787) 7 Securities loaned 90 — 90 — (88) 2 Total $ 15,816 $ (2,949) $ 12,867 $ (1,028) $ (6,875) $ 4,964 December 31, 2023 Derivative liabilities (d) $ 8,217 $ (3,720) $ 4,497 $ (141) $ — $ 4,356 Repurchase agreements 3,579 — 3,579 (568) (3,008) 3 Securities loaned 290 — 290 (14) (270) 6 Total $ 12,086 $ (3,720) $ 8,366 $ (723) $ (3,278) $ 4,365 (a) Includes $1.9 billion and $1.7 billion of cash collateral related receivables that were netted against derivative liabilities at December 31, 2024 and 2023, 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)

Fair Values of Assets and Lia_2

Fair Values of Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Valuation Assumption Ranges for MSRs	The following table shows the significant valuation assumption ranges for MSRs at December 31, 2024: Minimum Maximum Weighted- Average (a) Expected prepayment 6 % 18 % 9 % Option adjusted spread 5 11 6 (a)
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, 2024: Minimum Maximum Weighted- Average (a) Expected loan close rate 25 % 100 % 83 % Inherent MSR value (basis points per loan) 63 196 116 (a)
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, 2024 Available-for-sale securities U.S. Treasury and agencies $ 23,891 $ 4,496 $ — $ — $ 28,387 Mortgage-backed securities Residential agency — 33,281 — — 33,281 Commercial Agency — 7,351 — — 7,351 Non-agency — 6 — — 6 Asset-backed securities — 7,165 — — 7,165 Obligations of state and political subdivisions — 9,552 — — 9,552 Other — 250 — — 250 Total available-for-sale 23,891 62,101 — — 85,992 Mortgage loans held for sale — 2,251 — — 2,251 Mortgage servicing rights — — 3,369 — 3,369 Derivative assets 27 5,208 1,202 (2,979) 3,458 Other assets 420 1,769 — — 2,189 Total $ 24,338 $ 71,329 $ 4,571 $ (2,979) $ 97,259 Time deposits $ — $ 5,754 $ — $ — $ 5,754 Long-term debt — 391 — — 391 Derivative liabilities 27 5,131 3,002 (2,949) 5,211 Short-term borrowings and other liabilities (a) 475 1,460 — — 1,935 Total $ 502 $ 12,736 $ 3,002 $ (2,949) $ 13,291 December 31, 2023 Available-for-sale securities U.S. Treasury and agencies $ 14,787 $ 4,755 $ — $ — $ 19,542 Mortgage-backed securities Residential agency — 26,078 — — 26,078 Commercial Agency — 7,343 — — 7,343 Non-agency — 6 — — 6 Asset-backed securities — 6,724 — — 6,724 Obligations of state and political subdivisions — 9,989 — — 9,989 Other — 24 — — 24 Total available-for-sale 14,787 54,919 — — 69,706 Mortgage loans held for sale — 2,011 — — 2,011 Mortgage servicing rights — — 3,377 — 3,377 Derivative assets — 5,078 1,453 (3,666) 2,865 Other assets 550 1,991 — — 2,541 Total $ 15,337 $ 63,999 $ 4,830 $ (3,666) $ 80,500 Time Deposits $ — $ 2,818 $ — $ — $ 2,818 Derivative liabilities 16 4,955 3,338 (3,720) 4,589 Short-term borrowings and other liabilities (a) 517 1,786 — — 2,303 Total $ 533 $ 9,559 $ 3,338 $ (3,720) $ 9,710 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 $159 million and $133 million at December 31, 2024 and 2023, respectively, and reflect no impairment or observable price change adjustment at December 31, 2024, compared with a cumulative impairment of $5 million and no observable price change adjustment at December 31, 2023. The Company recorded a $5 million impairment on these equity investments during 2023. The Company did not record any adjustments for observable price changes during 2024 and 2023. (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 Assets 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 End of Period Balance Net Change in Unrealized Gains (Losses) Relating to Assets and Liabilities Held at End of Period 2024 Mortgage servicing rights $ 3,377 $ (97) (a) $ — $ 1 $ (188) $ — $ 276 (c) $ — $ 3,369 $ (97) (a) Net derivative assets and liabilities (1,885) (3,829) (b) — 1,076 (18) — 1 2,855 (1,800) (492) (d) 2023 Available-for-sale securities Obligations of state and political subdivisions $ 1 $ — $ — $ — $ — $ (1) $ — $ — $ — $ — Total available-for-sale 1 — — — — (1) — — — — Mortgage servicing rights 3,755 (316) (a) — 5 (440) — 373 (c) — 3,377 (316) (a) Net derivative assets and liabilities (3,199) (2,696) (e) — 552 (45) — 1 3,502 (1,885) (183) (f) 2022 Available-for-sale securities Asset-backed securities $ 7 $ — $ (3) $ — $ (4) $ — $ — $ — $ — $ — Obligations of state and political subdivisions 1 — — — — — — — 1 — Total available-for-sale 8 — (3) — (4) — — — 1 — Mortgage servicing rights 2,953 311 (a) — 156 (255) — 590 (c) — 3,755 311 (a) Net derivative assets and liabilities 799 (5,940) (g) — 716 (36) — 11 1,251 (3,199) (3,538) (h) (a) Included in mortgage banking revenue (b) Approximately $200 million, $(3.9) billion and $(147) million included in mortgage banking revenue commercial products revenue other non-interest income (c) Represents MSRs capitalized during the period. (d) Approximately $7 million, $(352) million and $(147) million included in mortgage banking revenue commercial products revenue other non-interest income (e) Approximately $182 million, $(2.9) billion and $1 million included in mortgage banking revenue commercial products revenue other non-interest income (f) Approximately $15 million, $(199) million and $1 million included in mortgage banking revenue commercial products revenue other non-interest income (g) Approximately $(141) million, $(5.6) billion and $(181) million included in mortgage banking revenue commercial products revenue other non-interest income (h) mortgage banking revenue commercial products revenue other non-interest income
Changes in Fair Value for 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 End of Period Balance Net Change in Unrealized Gains (Losses) Relating to Assets and Liabilities Held at End of Period 2024 Mortgage servicing rights $ 3,377 $ (97) (a) $ — $ 1 $ (188) $ — $ 276 (c) $ — $ 3,369 $ (97) (a) Net derivative assets and liabilities (1,885) (3,829) (b) — 1,076 (18) — 1 2,855 (1,800) (492) (d) 2023 Available-for-sale securities Obligations of state and political subdivisions $ 1 $ — $ — $ — $ — $ (1) $ — $ — $ — $ — Total available-for-sale 1 — — — — (1) — — — — Mortgage servicing rights 3,755 (316) (a) — 5 (440) — 373 (c) — 3,377 (316) (a) Net derivative assets and liabilities (3,199) (2,696) (e) — 552 (45) — 1 3,502 (1,885) (183) (f) 2022 Available-for-sale securities Asset-backed securities $ 7 $ — $ (3) $ — $ (4) $ — $ — $ — $ — $ — Obligations of state and political subdivisions 1 — — — — — — — 1 — Total available-for-sale 8 — (3) — (4) — — — 1 — Mortgage servicing rights 2,953 311 (a) — 156 (255) — 590 (c) — 3,755 311 (a) Net derivative assets and liabilities 799 (5,940) (g) — 716 (36) — 11 1,251 (3,199) (3,538) (h) (a) Included in mortgage banking revenue (b) Approximately $200 million, $(3.9) billion and $(147) million included in mortgage banking revenue commercial products revenue other non-interest income (c) Represents MSRs capitalized during the period. (d) Approximately $7 million, $(352) million and $(147) million included in mortgage banking revenue commercial products revenue other non-interest income (e) Approximately $182 million, $(2.9) billion and $1 million included in mortgage banking revenue commercial products revenue other non-interest income (f) Approximately $15 million, $(199) million and $1 million included in mortgage banking revenue commercial products revenue other non-interest income (g) Approximately $(141) million, $(5.6) billion and $(181) million included in mortgage banking revenue commercial products revenue other non-interest income (h) mortgage banking revenue commercial products revenue other non-interest income
Assets Measured at Fair Value on Nonrecurring Basis	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: 2024 2023 (Dollars in Millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Loans (a) $ — $ — $ 636 $ 636 $ — $ — $ 354 $ 354 Other assets (b) — — 25 25 — — 27 27 (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)
Losses Recognized Related to Nonrecurring Fair Value Measurements	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) 2024 2023 2022 Loans (a) $ 399 $ 368 $ 40 Other assets (b) 12 32 20 (a) Represents write-downs of loans which were based on the fair value of the collateral, excluding loans fully charged-off. (b)
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: 2024 2023 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 $ 56,502 $ 56,502 $ — $ — $ 56,502 $ 61,192 $ 61,192 $ — $ — $ 61,192 Federal funds sold and securities purchased under resale agreements 6,380 — 6,380 — 6,380 2,543 — 2,543 — 2,543 Investment securities held-to-maturity 78,634 1,275 65,000 — 66,275 84,045 1,310 72,778 — 74,088 Loans held for sale (a) 322 — — 322 322 190 — — 190 190 Loans, net of allowance for losses 372,249 — — 365,628 365,628 366,456 — — 362,849 362,849 Other (b) 2,482 — 1,767 715 2,482 2,377 — 1,863 514 2,377 Financial Liabilities Time deposits (c) 49,015 — 49,156 — 49,156 49,455 — 49,607 — 49,607 Short-term borrowings (d) 13,583 — 13,419 — 13,419 12,976 — 12,729 — 12,729 Long-term debt (e) 57,611 — 56,441 — 56,441 51,480 — 49,697 — 49,697 Other (f) 5,220 — 1,369 3,851 5,220 5,432 — 1,406 4,026 5,432 (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 investments. (c) Excludes time deposits for which the fair value option under applicable accounting guidance was elected. (d) Excludes the Company’s obligation on securities sold short required to be accounted for at fair value per applicable accounting guidance. (e) Excludes structured long-term notes for which the fair value option under applicable accounting guidance was elected. (f)
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 the assets and liabilities for which the fair value option has been elected and the aggregate remaining contractual principal balance outstanding as of December 31: 2024 2023 (Dollars in Millions) Fair Value Carrying Amount Contractual Principal Outstanding Carrying Amount Over (Under) Contractual Principal Outstanding Fair Value Carrying Amount Contractual Principal Outstanding Carrying Amount Over (Under) Contractual Principal Outstanding Total loans (a) $ 2,251 $ 2,243 $ 8 $ 2,011 $ 1,994 $ 17 Time deposits 5,754 5,762 (8) 2,818 2,822 (4) Long-term debt 391 409 (18) — — — (a)

Guarantees and Contingent Lia_2

Guarantees and Contingent Liabilities (Tables)	12 Months Ended
	Dec. 31, 2024
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, 2024, excluding those commitments considered derivatives, were as follows: Term (Dollars in Millions) Less Than One Year Greater Than One Year Total Commercial and commercial real estate loans $ 46,760 $ 138,973 $ 185,733 Corporate and purchasing card loans (a) 35,687 — 35,687 Residential mortgages 226 — 226 Retail credit card loans (a) 137,404 — 137,404 Other retail loans 16,460 26,145 42,605 Other 7,736 — 7,736 (a) Primarily cancellable 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, 2024: (Dollars in Millions) Collateral Held Carrying Amount Maximum Potential Future Payments Standby letters of credit $ — $ 23 $ 10,522 Third party borrowing arrangements — — 1 Securities lending indemnifications 6,862 — 6,681 Asset sales — 112 12,650 Merchant processing 816 61 144,713 Other — 21 3,245
Contract or Notional Amount of Letters of Credit	The contract or notional amount of letters of credit at December 31, 2024, were as follows: Term (Dollars in Millions) Less Than One Year Greater Than One Year Total Standby $ 7,105 $ 3,417 $ 10,522 Commercial 441 21 462

Business Segments (Tables)

Business Segments (Tables)	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Business Segment Results	Condensed income statement results by business segment for the years ended December 31 were as follows: Wealth, Corporate, Commercial and Institutional Banking Consumer and Business Banking Payment Services (Dollars in Millions) 2024 2023 2022 2024 2023 2022 2024 2023 2022 Net interest income (taxable-equivalent basis) (a) $ 7,645 $ 7,862 $ 5,680 $ 7,658 $ 8,683 $ 7,266 $ 2,831 $ 2,609 $ 2,504 Noninterest income (b)(c) 4,548 4,141 3,561 1,606 1,675 1,536 4,198 4,055 3,794 Total net revenue 12,193 12,003 9,241 9,264 10,358 8,802 7,029 6,664 6,298 Compensation and employee benefits 2,191 2,151 1,803 2,221 2,305 2,041 906 869 835 Other intangibles 206 230 37 266 292 42 97 114 136 Net shared services 2,116 2,132 1,547 2,800 2,956 2,655 2,126 2,017 1,656 Other direct expenses (d) 936 931 748 1,282 1,316 1,041 926 920 898 Total noninterest expense 5,449 5,444 4,135 6,569 6,869 5,779 4,055 3,920 3,525 Income (loss) before provision and income taxes 6,744 6,559 5,106 2,695 3,489 3,023 2,974 2,744 2,773 Provision for credit losses 385 340 154 182 78 75 1,614 1,394 980 Income (loss) before income taxes 6,359 6,219 4,952 2,513 3,411 2,948 1,360 1,350 1,793 Income taxes and taxable-equivalent adjustment 1,590 1,555 1,239 629 854 738 340 337 448 Net income (loss) 4,769 4,664 3,713 1,884 2,557 2,210 1,020 1,013 1,345 Net (income) loss attributable to noncontrolling interests — — — — — — — — — Net income (loss) attributable to U.S. Bancorp $ 4,769 $ 4,664 $ 3,713 $ 1,884 $ 2,557 $ 2,210 $ 1,020 $ 1,013 $ 1,345 Treasury and Corporate Support Consolidated Company (Dollars in Millions) 2024 2023 2022 2024 2023 2022 Net interest income (taxable-equivalent basis) (a) $ (1,725) $ (1,627) $ (604) $ 16,409 $ 17,527 $ 14,846 Noninterest income (b)(c) 694 746 565 11,046 10,617 9,456 Total net revenue (1,031) (881) (39) 27,455 28,144 24,302 Compensation and employee benefits 5,236 5,091 4,478 10,554 10,416 9,157 Other intangibles — — — 569 636 215 Net shared services (7,042) (7,105) (5,858) — — — Other direct expenses (d) 2,921 4,654 2,847 6,065 7,821 5,534 Total noninterest expense 1,115 2,640 1,467 17,188 18,873 14,906 Income (loss) before provision and income taxes (2,146) (3,521) (1,506) 10,267 9,271 9,396 Provision for credit losses 57 463 768 2,238 2,275 1,977 Income (loss) before income taxes (2,203) (3,984) (2,274) 8,029 6,996 7,419 Income taxes and taxable-equivalent adjustment (859) (1,208) (844) 1,700 1,538 1,581 Net income (loss) (1,344) (2,776) (1,430) 6,329 5,458 5,838 Net (income) loss attributable to noncontrolling interests (30) (29) (13) (30) (29) (13) Net income (loss) attributable to U.S. Bancorp $ (1,374) $ (2,805) $ (1,443) $ 6,299 $ 5,429 $ 5,825 (a) Total net interest income includes a taxable-equivalent adjustment of $120 million, $131 million and $118 million for 2024, 2023 and 2022, respectively. See Non-GAAP Financial Measures beginning on page 57 (b) Payment services noninterest income presented net of related rewards and rebate costs and certain partner payments of $3.1 billion, $3.0 billion and $2.9 billion for 2024, 2023 and 2022, respectively. (c) Total noninterest income includes revenue generated from certain contracts with customers of $9.2 billion, $8.8 billion and $8.0 billion for 2024, 2023 and 2022, respectively. (d) Other direct expenses for each reportable segment includes: net occupancy and equipment, professional services, marketing and business development, technology and communications, and other. Average balances by business segment for the years ended December 31 were as follows: Wealth, Corporate, Commercial and Institutional Banking Consumer and Business Banking Payment Services (Dollars in Millions) 2024 2023 2022 2024 2023 2022 2024 2023 2022 Loans $ 172,466 $ 175,836 $ 150,512 $ 155,088 $ 162,012 $ 144,441 $ 41,081 $ 38,471 $ 34,627 Other earning assets 10,122 6,613 4,771 2,410 2,388 3,117 142 97 634 Goodwill 4,825 4,682 3,634 4,326 4,466 3,250 3,357 3,327 3,305 Other intangible assets 981 1,007 365 4,539 5,264 3,784 277 352 423 Assets 201,362 202,701 169,554 168,913 179,247 160,174 47,169 44,291 41,072 Noninterest-bearing deposits 56,760 70,908 82,671 20,810 30,967 31,719 2,685 2,981 3,410 Interest-bearing deposits 214,622 203,038 175,345 200,611 185,712 163,190 96 103 162 Total deposits 271,382 273,946 258,016 221,421 216,679 194,909 2,781 3,084 3,572 Total U.S. Bancorp shareholders’ equity 21,438 22,366 18,159 14,426 16,026 12,678 10,005 9,310 8,233 Treasury and Corporate Support Consolidated Company (Dollars in Millions) 2024 2023 2022 2024 2023 2022 Loans $ 5,240 $ 4,956 $ 3,993 $ 373,875 $ 381,275 $ 333,573 Other earning assets 220,092 214,826 203,248 232,766 223,924 211,770 Goodwill — — — 12,508 12,475 10,189 Other intangible assets 9 16 5 5,806 6,639 4,577 Assets 246,570 237,201 221,349 664,014 663,440 592,149 Noninterest-bearing deposits 2,752 2,912 2,594 83,007 107,768 120,394 Interest-bearing deposits 11,179 9,042 3,293 426,508 397,895 341,990 Total deposits 13,931 11,954 5,887 509,515 505,663 462,384 Total U.S. Bancorp shareholders’ equity 11,337 5,958 11,346 57,206 53,660 50,416

U.S. Bancorp (Parent Company) (

U.S. Bancorp (Parent Company) (Tables)	12 Months Ended
	Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]
Condensed Balance Sheet	Condensed Balance Sheet At December 31 (Dollars in Millions) 2024 2023 Assets Due from banks, principally interest-bearing $ 9,377 $ 11,585 Available-for-sale investment securities 649 662 Investments in bank subsidiaries 63,680 61,495 Investments in nonbank subsidiaries 4,031 3,884 Advances to bank subsidiaries 16,100 12,100 Advances to nonbank subsidiaries 401 159 Other assets 945 974 Total assets $ 95,183 $ 90,859 Liabilities and Shareholders’ Equity Long-term debt $ 35,257 $ 34,332 Other liabilities 1,348 1,221 Shareholders’ equity 58,578 55,306 Total liabilities and shareholders’ equity $ 95,183 $ 90,859
Condensed Income Statement	Condensed Income Statement Year Ended December 31 (Dollars in Millions) 2024 2023 2022 Income Dividends from bank subsidiaries $ 4,800 $ 4,869 $ 4,750 Dividends from nonbank subsidiaries 11 11 105 Interest from subsidiaries 1,224 606 119 Other income 24 51 31 Total income 6,059 5,537 5,005 Expense Interest expense 1,663 1,336 505 Other expense 178 137 162 Total expense 1,841 1,473 667 Income before income taxes and equity in undistributed income of subsidiaries 4,218 4,064 4,338 Applicable income taxes (95) (170) (138) Income of parent company 4,313 4,234 4,476 Equity in undistributed income of subsidiaries 1,986 1,195 1,349 Net income attributable to U.S. Bancorp $ 6,299 $ 5,429 $ 5,825
Condensed Statement of Cash Flows	Condensed Statement of Cash Flows Year Ended December 31 (Dollars in Millions) 2024 2023 2022 Operating Activities Net income attributable to U.S. Bancorp $ 6,299 $ 5,429 $ 5,825 Adjustments to reconcile net income to net cash provided by operating activities Equity in undistributed income of subsidiaries (1,986) (1,195) (1,349) Other, net 385 83 (398) Net cash provided by operating activities 4,698 4,317 4,078 Investing Activities Proceeds from sales and maturities of investment securities 11 25 423 Investments in subsidiaries — — (5,030) Net (increase) decrease in short-term advances to subsidiaries (242) (9) 557 Long-term advances to subsidiaries (5,500) (7,500) (2,000) Principal collected on long-term advances to subsidiaries 1,500 4,500 2,500 Cash paid for acquisition — — (5,500) Other, net 16 172 (173) Net cash used in investing activities (4,215) (2,812) (9,223) Financing Activities Proceeds from issuance of long-term debt 6,516 8,150 8,150 Principal payments or redemption of long-term debt (5,618) (936) (2,300) Proceeds from issuance of preferred stock — — 437 Proceeds from issuance of common stock 32 951 21 Repurchase of preferred stock — — (1,100) Repurchase of common stock (173) (62) (69) Cash dividends paid on preferred stock (356) (341) (299) Cash dividends paid on common stock (3,092) (2,970) (2,776) Net cash provided by (used in) financing activities (2,691) 4,792 2,064 Change in cash and due from banks (2,208) 6,297 (3,081) Cash and due from banks at beginning of year 11,585 5,288 8,369 Cash and due from banks at end of year $ 9,377 $ 11,585 $ 5,288

Significant Accounting Polici_3

Significant Accounting Policies (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) loan_class portfolio_segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loan portfolio segments | portfolio_segment	2
Reasonable and supportable period for allowance for credit loss	3 years
Capitalized Software
Accounts, Notes, Loans and Financing Receivable [Line Items]
Intangible asset estimated useful life	5 years
Minimum | Capitalized Software
Accounts, Notes, Loans and Financing Receivable [Line Items]
Intangible asset estimated useful life	3 years
Maximum | Capitalized Software
Accounts, Notes, Loans and Financing Receivable [Line Items]
Intangible asset estimated useful life	7 years
Retail assets | Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Lessor lease terms	5 years
Buildings | Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Premises and equipment useful life	40 years
Furniture and equipment | Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Premises and equipment useful life	3 years
Furniture and equipment | Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Premises and equipment useful life	25 years
Pension Plans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unrealized difference between actual experience and expected returns on plan assets. recognition period for active participants	15 years
Unrealized difference between actual experience and expected returns on plan assets. recognition period for inactive participants	30 years
Credit card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan modification amortization period	60 months
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loan portfolio classes	2
Loan threshold when individually evaluated for allowance calculation | $	$ 5
Threshold period to be placed on nonaccrual status	90 days
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loan portfolio classes	2
Loan modification amortization period	60 months
Consumer | Residential Mortgages and Other Retail Loans Secured by 1-4 Family Properties
Accounts, Notes, Loans and Financing Receivable [Line Items]
Threshold period for charge-off to fair value of collateral less costs to sell	180 days
Consumer | Residential Mortgages Loans and Junior Liens Secured by 1-4 Family Properties
Accounts, Notes, Loans and Financing Receivable [Line Items]
Threshold period to be placed on nonaccrual status	120 days
Consumer | First Lien
Accounts, Notes, Loans and Financing Receivable [Line Items]
Threshold period to be placed on nonaccrual status	180 days
Consumer | Credit card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Threshold period past due for charge-off	180 days
Consumer | Other Retail Loans not Secured by 1-4 Family Properties
Accounts, Notes, Loans and Financing Receivable [Line Items]
Threshold period past due for charge-off	120 days
Consumer | Revolving Consumer Lines
Accounts, Notes, Loans and Financing Receivable [Line Items]
Threshold period past due for charge-off	180 days

Restrictions on Cash and Due _2

Restrictions on Cash and Due from Banks (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Cash and Cash Equivalents [Abstract]
Minimum Average Reserve Balances Required By Banking Regulators	$ 53	$ 53
Balances held at the central banks and other financial institutions	$ 48,400	$ 49,500

Investment Securities - Held-to

Investment Securities - Held-to-Maturity Securities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Schedule of Held-to-Maturity Securities [Line Items]
Amortized Cost	$ 78,634	$ 84,045
Unrealized Gains	6	12
Unrealized Losses	(12,365)	(9,969)
Fair Value	66,275	74,088
Increase (decrease) in cumulative amount of basis adjustments	13	335
U.S. Treasury and agencies
Schedule of Held-to-Maturity Securities [Line Items]
Amortized Cost	1,296	1,345
Unrealized Gains	0	0
Unrealized Losses	(21)	(35)
Fair Value	1,275	1,310
Residential mortgage-backed securities | Agency
Schedule of Held-to-Maturity Securities [Line Items]
Amortized Cost	75,392	80,997
Unrealized Gains	3	6
Unrealized Losses	(12,317)	(9,929)
Fair Value	63,078	71,074
Commercial mortgage-backed securities | Agency
Schedule of Held-to-Maturity Securities [Line Items]
Amortized Cost	1,702	1,695
Unrealized Gains	0	6
Unrealized Losses	(27)	(5)
Fair Value	1,675	1,696
Other
Schedule of Held-to-Maturity Securities [Line Items]
Amortized Cost	244	8
Unrealized Gains	3	0
Unrealized Losses	0	0
Fair Value	$ 247	$ 8

Investment Securities - Availab

Investment Securities - Available-For-Sale Securities (Details) - USD ($) $ in Millions		Dec. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost		$ 92,793	$ 76,602
Unrealized Gains		58	173
Unrealized Losses		(6,859)	(7,069)
Fair Value	[1]	85,992	69,706
Portfolio level basis adjustments, Amortized Cost		13	335
Portfolio level basis adjustments, Unrealized Losses		(13)	(335)
U.S. Treasury and agencies
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost		30,467	21,768
Unrealized Gains		1	8
Unrealized Losses		(2,081)	(2,234)
Fair Value		28,387	19,542
Residential mortgage-backed securities | Agency
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost		35,558	28,185
Unrealized Gains		13	104
Unrealized Losses		(2,290)	(2,211)
Fair Value		33,281	26,078
Commercial mortgage-backed securities | Agency
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost		8,673	8,703
Unrealized Gains		0	0
Unrealized Losses		(1,322)	(1,360)
Fair Value		7,351	7,343
Commercial mortgage-backed securities | Non-agency
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost		7	7
Unrealized Gains		0	0
Unrealized Losses		(1)	(1)
Fair Value		6	6
Asset-backed securities
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost		7,136	6,713
Unrealized Gains		30	25
Unrealized Losses		(1)	(14)
Fair Value		7,165	6,724
Obligations of state and political subdivisions
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost		10,690	10,867
Unrealized Gains		13	36
Unrealized Losses		(1,151)	(914)
Fair Value		9,552	9,989
Other
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost		249	24
Unrealized Gains		1	0
Unrealized Losses		0	0
Fair Value		250	24
Excluding portfolio level basis adjustments
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost		92,780	76,267
Unrealized Gains		58	173
Unrealized Losses		(6,846)	(6,734)
Fair Value		$ 85,992	$ 69,706
[1] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.

Investment Securities - Additio

Investment Securities - Additional Information (Details) - USD ($) $ in Millions		Dec. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-Sale [Line Items]
Available-for-sale securities	[1]	$ 85,992	$ 69,706
Allowance for credit loss on held-to-maturity securities		0
Asset Pledged as Collateral
Debt Securities, Available-for-Sale [Line Items]
Available-for-sale securities		18,800	20,500
Asset Pledged as Collateral with Right
Debt Securities, Available-for-Sale [Line Items]
Available-for-sale securities		$ 320	$ 338
[1] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.

Investment Securities - Interes

Investment Securities - Interest Income from Taxable and Non-Taxable Investment Securities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Taxable	$ 4,808	$ 4,171	$ 3,081
Non-taxable	303	314	297
Total interest income from investment securities	$ 5,111	$ 4,485	$ 3,378

Investment Securities - Gross G

Investment Securities - Gross Gains and Losses Realized through Sales of Available-for-Sale Investment Securities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Realized gains	$ 147	$ 74	$ 163
Realized losses	(301)	(219)	(143)
Net realized gains (losses)	(154)	(145)	20
Income tax expense (benefit) on net realized gains (losses)	$ (39)	$ (37)	$ 5

Investment Securities - Gross U

Investment Securities - Gross Unrealized Losses and Fair Value of Investment Securities (Details) $ in Millions	Dec. 31, 2024 USD ($)
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Less Than 12 Months, Fair Value	$ 26,339
Less Than 12 Months, Unrealized Losses	(324)
12 Months or Greater, Fair Value	48,677
12 Months or Greater, Unrealized Losses	(6,522)
Total, Fair Value	75,016
Total, Unrealized Losses	(6,846)
U.S. Treasury and agencies
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Less Than 12 Months, Fair Value	9,236
Less Than 12 Months, Unrealized Losses	(28)
12 Months or Greater, Fair Value	16,978
12 Months or Greater, Unrealized Losses	(2,053)
Total, Fair Value	26,214
Total, Unrealized Losses	(2,081)
Residential mortgage-backed securities
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Less Than 12 Months, Fair Value	15,369
Less Than 12 Months, Unrealized Losses	(275)
12 Months or Greater, Fair Value	15,738
12 Months or Greater, Unrealized Losses	(2,015)
Total, Fair Value	31,107
Total, Unrealized Losses	(2,290)
Commercial mortgage-backed securities | Agency
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Less Than 12 Months, Fair Value	0
Less Than 12 Months, Unrealized Losses	0
12 Months or Greater, Fair Value	7,351
12 Months or Greater, Unrealized Losses	(1,322)
Total, Fair Value	7,351
Total, Unrealized Losses	(1,322)
Commercial mortgage-backed securities | Non-agency
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Less Than 12 Months, Fair Value	0
Less Than 12 Months, Unrealized Losses	0
12 Months or Greater, Fair Value	7
12 Months or Greater, Unrealized Losses	(1)
Total, Fair Value	7
Total, Unrealized Losses	(1)
Asset-backed securities
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Less Than 12 Months, Fair Value	35
Less Than 12 Months, Unrealized Losses	0
12 Months or Greater, Fair Value	1,164
12 Months or Greater, Unrealized Losses	(1)
Total, Fair Value	1,199
Total, Unrealized Losses	(1)
Obligations of state and political subdivisions
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Less Than 12 Months, Fair Value	1,697
Less Than 12 Months, Unrealized Losses	(21)
12 Months or Greater, Fair Value	7,435
12 Months or Greater, Unrealized Losses	(1,130)
Total, Fair Value	9,132
Total, Unrealized Losses	(1,151)
Other
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Less Than 12 Months, Fair Value	2
Less Than 12 Months, Unrealized Losses	0
12 Months or Greater, Fair Value	4
12 Months or Greater, Unrealized Losses	0
Total, Fair Value	6
Total, Unrealized Losses	$ 0

Investment Securities - Amortiz

Investment Securities - Amortized Cost, Fair Value and Yield by Maturity Date (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Amortized Cost
Amortized Cost		$ 78,634	$ 84,045
Fair Value
Fair Value		$ 66,275	$ 74,088
Weighted- Average Maturity in Years
Total		8 years 8 months 12 days
Weighted- Average Yield
Total		2.20%	2.22%
Weighted average maturity of total held to maturity investment securities			8 years 8 months 12 days
Amortized Cost
Amortized Cost		$ 92,780
Fair Value
Fair Value	[1]	$ 85,992	$ 69,706
Weighted- Average Maturity in Years
Total		6 years 9 months 18 days	6 years 3 months 18 days
Weighted- Average Yield
Total		3.67%	3.12%
Federal statutory rate		21%	21%	21%
Portfolio basis adjustments excluded from amortized cost		$ 13
U.S. Treasury and agencies
Amortized Cost
Maturing in one year or less		650
Maturing after one year through five years		646
Maturing after five years through ten years		0
Maturing after ten years		0
Amortized Cost		1,296	$ 1,345
Fair Value
Maturing in one year or less		647
Maturing after one year through five years		628
Maturing after five years through ten years		0
Maturing after ten years		0
Fair Value		$ 1,275	1,310
Weighted- Average Maturity in Years
Maturing in one year or less		4 months 24 days
Maturing after one year through five years		2 years 3 months 18 days
Total		1 year 3 months 18 days
Weighted- Average Yield
Maturing in one year or less		2.71%
Maturing after one year through five years		3%
Maturing after five years through ten years		0%
Maturing after ten years		0%
Total		2.85%
Amortized Cost
Maturing in one year or less		$ 11
Maturing after one year through five years		14,070
Maturing after five years through ten years		15,629
Maturing after ten years		757
Amortized Cost		30,467
Fair Value
Maturing in one year or less		11
Maturing after one year through five years		13,335
Maturing after five years through ten years		14,476
Maturing after ten years		565
Fair Value		$ 28,387	19,542
Weighted- Average Maturity in Years
Maturing in one year or less		1 month 6 days
Maturing after one year through five years		3 years 2 months 12 days
Maturing after five years through ten years		6 years 6 months
Maturing after ten years		10 years 7 months 6 days
Total		5 years 1 month 6 days
Weighted- Average Yield
Maturing in one year or less		4.64%
Maturing after one year through five years		2.63%
Maturing after five years through ten years		3.35%
Maturing after ten years		1.92%
Total		2.98%
Maturing in one year or less		4 months 24 days
Mortgage-backed securities
Amortized Cost
Maturing in one year or less		$ 42
Maturing after one year through five years		2,110
Maturing after five years through ten years		73,667
Maturing after ten years		1,275
Amortized Cost		77,094
Fair Value
Maturing in one year or less		41
Maturing after one year through five years		2,091
Maturing after five years through ten years		61,626
Maturing after ten years		995
Fair Value		$ 64,753
Weighted- Average Maturity in Years
Maturing in one year or less		9 months 18 days
Maturing after one year through five years		3 years 6 months
Maturing after five years through ten years		9 years
Maturing after ten years		10 years 1 month 6 days
Total		8 years 9 months 18 days
Weighted- Average Yield
Maturing in one year or less		4.52%
Maturing after one year through five years		4.49%
Maturing after five years through ten years		2.12%
Maturing after ten years		2.18%
Total		2.19%
Amortized Cost
Maturing in one year or less		$ 30
Maturing after one year through five years		6,028
Maturing after five years through ten years		37,699
Maturing after ten years		481
Amortized Cost		44,238
Fair Value
Maturing in one year or less		29
Maturing after one year through five years		5,611
Maturing after five years through ten years		34,560
Maturing after ten years		438
Fair Value		$ 40,638
Weighted- Average Maturity in Years
Maturing in one year or less		7 months 6 days
Maturing after one year through five years		3 years 10 months 24 days
Maturing after five years through ten years		7 years 10 months 24 days
Maturing after ten years		11 years
Total		7 years 4 months 24 days
Weighted- Average Yield
Maturing in one year or less		2.02%
Maturing after one year through five years		2.87%
Maturing after five years through ten years		3.96%
Maturing after ten years		4.76%
Total		3.82%
Maturing in one year or less		9 months 18 days
Asset-backed securities
Amortized Cost
Maturing in one year or less		$ 0
Maturing after one year through five years		3,668
Maturing after five years through ten years		3,468
Maturing after ten years		0
Amortized Cost		7,136
Fair Value
Maturing in one year or less		0
Maturing after one year through five years		3,684
Maturing after five years through ten years		3,481
Maturing after ten years		0
Fair Value		$ 7,165	6,724
Weighted- Average Maturity in Years
Maturing after one year through five years		1 year 8 months 12 days
Maturing after five years through ten years		5 years 10 months 24 days
Total		3 years 9 months 18 days
Weighted- Average Yield
Maturing in one year or less		0%
Maturing after one year through five years		4.90%
Maturing after five years through ten years		6.26%
Maturing after ten years		0%
Total		5.56%
Obligations of state and political subdivisions
Amortized Cost
Maturing in one year or less		$ 128
Maturing after one year through five years		1,698
Maturing after five years through ten years		1,563
Maturing after ten years		7,301
Amortized Cost		10,690
Fair Value
Maturing in one year or less		128
Maturing after one year through five years		1,687
Maturing after five years through ten years		1,474
Maturing after ten years		6,263
Fair Value		$ 9,552	9,989
Weighted- Average Maturity in Years
Maturing in one year or less		4 months 24 days
Maturing after one year through five years		2 years 6 months
Maturing after five years through ten years		7 years 2 months 12 days
Maturing after ten years		14 years 10 months 24 days
Total		11 years 8 months 12 days
Weighted- Average Yield
Maturing in one year or less		5.53%
Maturing after one year through five years		4.67%
Maturing after five years through ten years		3.69%
Maturing after ten years		3.47%
Total		3.72%
Other
Amortized Cost
Maturing in one year or less		$ 19
Maturing after one year through five years		225
Maturing after five years through ten years		0
Maturing after ten years		0
Amortized Cost		244	8
Fair Value
Maturing in one year or less		16
Maturing after one year through five years		231
Maturing after five years through ten years		0
Maturing after ten years		0
Fair Value		$ 247	8
Weighted- Average Maturity in Years
Maturing in one year or less		2 months 12 days
Maturing after one year through five years		2 years 4 months 24 days
Total		2 years 2 months 12 days
Weighted- Average Yield
Maturing in one year or less		3.24%
Maturing after one year through five years		2.68%
Maturing after five years through ten years		0%
Maturing after ten years		0%
Total		2.73%
Amortized Cost
Maturing in one year or less		$ 49
Maturing after one year through five years		200
Maturing after five years through ten years		0
Maturing after ten years		0
Amortized Cost		249
Fair Value
Maturing in one year or less		49
Maturing after one year through five years		201
Maturing after five years through ten years		0
Maturing after ten years		0
Fair Value		$ 250	$ 24
Weighted- Average Maturity in Years
Maturing in one year or less		8 months 12 days
Maturing after one year through five years		1 year 8 months 12 days
Total		1 year 6 months
Weighted- Average Yield
Maturing in one year or less		4.66%
Maturing after one year through five years		4.82%
Maturing after five years through ten years		0%
Maturing after ten years		0%
Total		4.79%
Maturing in one year or less		2 months 12 days
[1] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses - Composition of Loan Portfolio (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 379,832	$ 373,835
Commercial | Total commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	139,484	131,881
Commercial | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	135,254	127,676
Commercial | Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	4,230	4,205
Commercial | Total commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	48,859	53,455
Commercial | Commercial mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	38,619	41,934
Commercial | Construction and development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	10,240	11,521
Consumer | Total residential mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	118,813	115,530
Consumer | Residential mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	112,806	108,605
Consumer | Home equity loans, first liens
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	6,007	6,925
Consumer | Credit card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	30,350	28,560
Consumer | Total other retail
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	42,326	44,409
Consumer | Retail leasing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	4,040	4,135
Consumer | Home equity and second mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	13,565	13,056
Consumer | Revolving credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	3,747	3,668
Consumer | Installment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	14,373	13,889
Consumer | Automobile
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 6,601	$ 9,661

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans pledged at the Federal Home Loan Bank	$ 372,249	$ 366,456
Loans pledged at the Federal Reserve Bank	85,100	82,800
Net unearned interest and deferred fees and costs on originated loans and unamortized premiums and discounts on purchased loans	2,500	2,700
Non-performing assets	1,800	1,500
Nonperforming loans	1,800	1,400
Non-performing OREO	21	26
Non-performing assets other	18	19
Foreclosed residential real estate property included in OREO	21	26
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	46	47
Residential mortgage loans secured by residential real estate in process of foreclosure	576	728
Modified loans	4,423	3,726
Commitments to lend	510
Trial Modifications
Accounts, Notes, Loans and Financing Receivable [Line Items]
Modified loans	189
GNMA loans upon foreclosure
Accounts, Notes, Loans and Financing Receivable [Line Items]
Residential mortgage loans secured by residential real estate in process of foreclosure	354	487
Federal Home Loan Bank
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans pledged at the Federal Home Loan Bank	$ 127,600	$ 123,100

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses - Activity in Allowance for Credit Losses (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 7,839	$ 7,404	$ 6,155
Allowance for acquired credit losses		127	336
Provision for credit losses	2,238	2,275	1,977
Loans charged-off	2,613	2,291	1,500
Less recoveries of loans charged-off	(461)	(386)	(437)
Net loan charge-offs (recoveries)	2,152	1,905	1,063
Other Changes			(1)
Balance at end of period	7,925	7,839	7,404
Add
Allowance for acquired credit losses		127	336
Provision for credit losses	2,238	2,275	1,977
Deduct
Loans charged-off	2,613	2,291	1,500
Less recoveries of loans charged-off	(461)	(386)	(437)
Net loan charge-offs (recoveries)	2,152	1,905	1,063
MUB
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Loans charged-off			179
Deduct
Loans charged-off			179
Provision for credit losses related to loans acquired			662
Change in accounting principle
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period		(62)
Balance at end of period			(62)
Commercial | Commercial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	2,119	2,163	1,849
Allowance for acquired credit losses		0	163
Provision for credit losses	608	270	378
Loans charged-off	652	389	319
Less recoveries of loans charged-off	(100)	(75)	(92)
Net loan charge-offs (recoveries)	552	314	227
Other Changes			0
Balance at end of period	2,175	2,119	2,163
Add
Allowance for acquired credit losses		0	163
Provision for credit losses	608	270	378
Deduct
Loans charged-off	652	389	319
Less recoveries of loans charged-off	(100)	(75)	(92)
Net loan charge-offs (recoveries)	552	314	227
Commercial | Commercial | Change in accounting principle
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period		0
Balance at end of period			0
Commercial | Commercial real estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	1,620	1,325	1,123
Allowance for acquired credit losses		127	87
Provision for credit losses	53	431	152
Loans charged-off	229	281	54
Less recoveries of loans charged-off	(64)	(18)	(17)
Net loan charge-offs (recoveries)	165	263	37
Other Changes			0
Balance at end of period	1,508	1,620	1,325
Add
Allowance for acquired credit losses		127	87
Provision for credit losses	53	431	152
Deduct
Loans charged-off	229	281	54
Less recoveries of loans charged-off	(64)	(18)	(17)
Net loan charge-offs (recoveries)	165	263	37
Commercial | Commercial real estate | Change in accounting principle
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period		0
Balance at end of period			0
Consumer | Residential mortgages
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	827	926	565
Allowance for acquired credit losses		0	36
Provision for credit losses	(53)	41	302
Loans charged-off	13	129	13
Less recoveries of loans charged-off	(22)	(20)	(36)
Net loan charge-offs (recoveries)	(9)	109	(23)
Other Changes			0
Balance at end of period	783	827	926
Add
Allowance for acquired credit losses		0	36
Provision for credit losses	(53)	41	302
Deduct
Loans charged-off	13	129	13
Less recoveries of loans charged-off	(22)	(20)	(36)
Net loan charge-offs (recoveries)	(9)	109	(23)
Consumer | Residential mortgages | Change in accounting principle
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period		(31)
Balance at end of period			(31)
Consumer | Credit card
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	2,403	2,020	1,673
Allowance for acquired credit losses		0	45
Provision for credit losses	1,464	1,259	826
Loans charged-off	1,406	1,014	696
Less recoveries of loans charged-off	(179)	(165)	(172)
Net loan charge-offs (recoveries)	1,227	849	524
Other Changes			0
Balance at end of period	2,640	2,403	2,020
Add
Allowance for acquired credit losses		0	45
Provision for credit losses	1,464	1,259	826
Deduct
Loans charged-off	1,406	1,014	696
Less recoveries of loans charged-off	(179)	(165)	(172)
Net loan charge-offs (recoveries)	1,227	849	524
Consumer | Credit card | Change in accounting principle
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period		(27)
Balance at end of period			(27)
Consumer | Other retail
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	870	970	945
Allowance for acquired credit losses		0	5
Provision for credit losses	166	274	319
Loans charged-off	313	478	418
Less recoveries of loans charged-off	(96)	(108)	(120)
Net loan charge-offs (recoveries)	217	370	298
Other Changes			(1)
Balance at end of period	819	870	970
Add
Allowance for acquired credit losses		0	5
Provision for credit losses	166	274	319
Deduct
Loans charged-off	313	478	418
Less recoveries of loans charged-off	(96)	(108)	(120)
Net loan charge-offs (recoveries)	$ 217	370	298
Consumer | Other retail | Change in accounting principle
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period		$ (4)
Balance at end of period			$ (4)

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses - Loans Charged-off (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in 2024	$ 160	$ 168
Originated in 2023	182	282
Originated in 2022	288	188
Originated in 2021	73	65
Originated in 2020	34	65
Originated prior to 2020	90	238
Revolving	1,786	1,257
Revolving converted to term		28
Total charge-offs	2,613	2,291	$ 1,500
Commercial | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in 2024	30	48
Originated in 2023	84	63
Originated in 2022	178	30
Originated in 2021	32	17
Originated in 2020	12	15
Originated prior to 2020	41	53
Revolving	275	163
Revolving converted to term		0
Total charge-offs	652	389	319
Commercial | Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in 2024	117	63
Originated in 2023	51	88
Originated in 2022	55	69
Originated in 2021	1	2
Originated in 2020	1	3
Originated prior to 2020	4	56
Revolving	0	0
Revolving converted to term		0
Total charge-offs	229	281	54
Charge-offs related to uncollectible amounts on acquired loans		91
Consumer | Residential mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in 2024	0	0
Originated in 2023	0	1
Originated in 2022	3	6
Originated in 2021	0	8
Originated in 2020	0	16
Originated prior to 2020	10	98
Revolving	0	0
Revolving converted to term		0
Total charge-offs	13	129	13
Charge-offs related to balance sheet repositioning and capital management actions		117
Consumer | Credit card
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in 2024	0	0
Originated in 2023	0	0
Originated in 2022	0	0
Originated in 2021	0	0
Originated in 2020	0	0
Originated prior to 2020	0	0
Revolving	1,406	1,014
Revolving converted to term		0
Total charge-offs	1,406	1,014	696
Consumer | Other retail
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in 2024	13	57
Originated in 2023	47	130
Originated in 2022	52	83
Originated in 2021	40	38
Originated in 2020	21	31
Originated prior to 2020	35	31
Revolving	105	80
Revolving converted to term		28
Total charge-offs	$ 313	478	$ 418
Charge-offs related to balance sheet repositioning and capital management actions		$ 192

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses - Loans by Portfolio Class, Including Delinquency Status (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	$ 379,832	$ 373,835
Interest income on nonperforming loans	29	22
Interest income on nonperforming loans if based on original contractual terms	66	49
Nonperforming
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	1,793	1,449
Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	375,950	370,316
30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	1,279	1,372
90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	810	698
Commercial | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	139,484	131,881
Commercial | Commercial | Nonperforming
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	670	376
Commercial | Commercial | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	138,362	130,925
Commercial | Commercial | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	356	464
Commercial | Commercial | 90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	96	116
Commercial | Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	48,859	53,455
Commercial | Commercial real estate | Nonperforming
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	824	777
Commercial | Commercial real estate | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	47,948	52,619
Commercial | Commercial real estate | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	78	55
Commercial | Commercial real estate | 90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	9	4
Consumer | Residential mortgages
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	118,813	115,530
Consumer | Residential mortgages | Loans purchased from GNMA mortgage pools
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-89 days past due purchased from GNMA mortgage pools, classified as current	660	595
Loans 90 days or more past due purchased from GNMA mortgage pools, classified as current	2,300	2,000
Consumer | Residential mortgages | Nonperforming
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	152	158
Consumer | Residential mortgages | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	118,267	115,067
Consumer | Residential mortgages | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	188	169
Consumer | Residential mortgages | 90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	206	136
Consumer | Credit card
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	30,350	28,560
Consumer | Credit card | Nonperforming
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	0	0
Consumer | Credit card | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	29,487	27,779
Consumer | Credit card | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	428	406
Consumer | Credit card | 90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	435	375
Consumer | Other retail
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	42,326	44,409
Consumer | Other retail | Nonperforming
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	147	138
Consumer | Other retail | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	41,886	43,926
Consumer | Other retail | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	229	278
Consumer | Other retail | 90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	$ 64	$ 67

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses - Loans by Portfolio Class and Internal Credit Quality Rating (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Loans by origination year
Total loans	$ 379,832	$ 373,835
Total outstanding commitments	792,471	778,392
Modified loans	4,423	3,726
Loans purchased from GNMA mortgage pools
Loans by origination year
Modified loans	1,915	1,839
Pass
Loans by origination year
Total loans	369,052	361,687
Total outstanding commitments	778,155	762,869
Total Criticized
Loans by origination year
Total loans	10,780	12,148
Total outstanding commitments	14,316	15,523
Special Mention
Loans by origination year
Total loans	2,424	3,564
Total outstanding commitments	3,875	5,053
Classified
Loans by origination year
Total loans	8,356	8,584
Total outstanding commitments	10,441	10,470
Residential mortgages | Pass | Loans purchased from GNMA mortgage pools
Loans by origination year
Loans 90 days or more past due	2,300	2,000
Modified loans	1,400	1,200
Commercial | Commercial
Loans by origination year
Originated in 2024/ 2023	59,115	44,706
Originated in 2023/2022	19,865	40,982
Originated in 2022/2021	20,319	9,490
Originated in 2021/2020	4,829	3,332
Originated in 2020	2,873
Originated prior to 2020	4,158
Originated prior to 2020		5,542
Revolving	28,325	27,829
Total loans	139,484	131,881
Modified loans	605	365
Commercial | Commercial | Pass
Loans by origination year
Originated in 2024/ 2023	57,578	43,023
Originated in 2023/2022	19,128	40,076
Originated in 2022/2021	19,718	9,219
Originated in 2021/2020	4,677	3,169
Originated in 2020	2,737
Originated prior to 2020	4,075
Originated prior to 2020		5,303
Revolving	27,344	26,213
Total loans	135,257	127,003
Commercial | Commercial | Total Criticized
Loans by origination year
Originated in 2024/ 2023	1,537	1,683
Originated in 2023/2022	737	906
Originated in 2022/2021	601	271
Originated in 2021/2020	152	163
Originated in 2020	136
Originated prior to 2020	83
Originated prior to 2020		239
Revolving	981	1,616
Total loans	4,227	4,878
Commercial | Commercial | Special Mention
Loans by origination year
Originated in 2024/ 2023	503	827
Originated in 2023/2022	173	274
Originated in 2022/2021	231	117
Originated in 2021/2020	60	92
Originated in 2020	68
Originated prior to 2020	8
Originated prior to 2020		30
Revolving	169	362
Total loans	1,212	1,702
Commercial | Commercial | Classified
Loans by origination year
Originated in 2024/ 2023	1,034	856
Originated in 2023/2022	564	632
Originated in 2022/2021	370	154
Originated in 2021/2020	92	71
Originated in 2020	68
Originated prior to 2020	75
Originated prior to 2020		209
Revolving	812	1,254
Total loans	3,015	3,176
Commercial | Commercial real estate
Loans by origination year
Originated in 2024/ 2023	11,685	11,519
Originated in 2023/2022	6,015	13,354
Originated in 2022/2021	10,621	10,120
Originated in 2021/2020	6,811	3,935
Originated in 2020	3,120
Originated prior to 2020	8,458
Originated prior to 2020		11,836
Revolving	2,146	2,689
Revolving converted to term	3	2
Total loans	48,859	53,455
Modified loans	1,220	717
Commercial | Commercial real estate | Pass
Loans by origination year
Originated in 2024/ 2023	9,652	8,848
Originated in 2023/2022	5,213	11,831
Originated in 2022/2021	9,047	9,235
Originated in 2021/2020	6,515	3,797
Originated in 2020	2,954
Originated prior to 2020	7,868
Originated prior to 2020		10,759
Revolving	2,078	2,613
Revolving converted to term	3	2
Total loans	43,330	47,085
Commercial | Commercial real estate | Total Criticized
Loans by origination year
Originated in 2024/ 2023	2,033	2,671
Originated in 2023/2022	802	1,523
Originated in 2022/2021	1,574	885
Originated in 2021/2020	296	138
Originated in 2020	166
Originated prior to 2020	590
Originated prior to 2020		1,077
Revolving	68	76
Revolving converted to term	0	0
Total loans	5,529	6,370
Commercial | Commercial real estate | Special Mention
Loans by origination year
Originated in 2024/ 2023	261	465
Originated in 2023/2022	42	382
Originated in 2022/2021	661	500
Originated in 2021/2020	100	51
Originated in 2020	29
Originated prior to 2020	119
Originated prior to 2020		458
Revolving	0	6
Revolving converted to term	0	0
Total loans	1,212	1,862
Commercial | Commercial real estate | Classified
Loans by origination year
Originated in 2024/ 2023	1,772	2,206
Originated in 2023/2022	760	1,141
Originated in 2022/2021	913	385
Originated in 2021/2020	196	87
Originated in 2020	137
Originated prior to 2020	471
Originated prior to 2020		619
Revolving	68	70
Revolving converted to term	0	0
Total loans	4,317	4,508
Consumer | Residential mortgages
Loans by origination year
Originated in 2024/ 2023	10,291	9,739
Originated in 2023/2022	8,775	29,163
Originated in 2022/2021	28,527	36,381
Originated in 2021/2020	34,729	14,782
Originated in 2020	13,764
Originated prior to 2020	22,727
Originated prior to 2020		25,464
Revolving	0	1
Total loans	118,813	115,530
Modified loans	119	280
Consumer | Residential mortgages | Pass
Loans by origination year
Originated in 2024/ 2023	10,291	9,734
Originated in 2023/2022	8,764	29,146
Originated in 2022/2021	28,484	36,365
Originated in 2021/2020	34,694	14,773
Originated in 2020	13,748
Originated prior to 2020	22,463
Originated prior to 2020		25,202
Revolving	0	1
Total loans	118,444	115,221
Consumer | Residential mortgages | Total Criticized
Loans by origination year
Originated in 2024/ 2023	0	5
Originated in 2023/2022	11	17
Originated in 2022/2021	43	16
Originated in 2021/2020	35	9
Originated in 2020	16
Originated prior to 2020	264
Originated prior to 2020		262
Revolving	0	0
Total loans	369	309
Consumer | Residential mortgages | Special Mention
Loans by origination year
Originated in 2024/ 2023	0	0
Originated in 2023/2022	0	0
Originated in 2022/2021	0	0
Originated in 2021/2020	0	0
Originated in 2020	0
Originated prior to 2020	0
Originated prior to 2020		0
Revolving	0	0
Total loans	0	0
Consumer | Residential mortgages | Classified
Loans by origination year
Originated in 2024/ 2023	0	5
Originated in 2023/2022	11	17
Originated in 2022/2021	43	16
Originated in 2021/2020	35	9
Originated in 2020	16
Originated prior to 2020	264
Originated prior to 2020		262
Revolving	0	0
Total loans	369	309
Consumer | Credit card
Loans by origination year
Total loans	30,350	28,560
Modified loans	425	350
Consumer | Credit card | Pass
Loans by origination year
Total loans	29,915	28,185
Consumer | Credit card | Total Criticized
Loans by origination year
Total loans	435	375
Consumer | Credit card | Special Mention
Loans by origination year
Total loans	0	0
Consumer | Credit card | Classified
Loans by origination year
Total loans	435	375
Consumer | Other retail
Loans by origination year
Originated in 2024/ 2023	7,401	5,188
Originated in 2023/2022	3,975	5,619
Originated in 2022/2021	4,096	10,413
Originated in 2021/2020	6,551	4,550
Originated in 2020	2,721
Originated prior to 2020	2,843
Originated prior to 2020		4,028
Revolving	13,966	13,824
Revolving converted to term	773	787
Total loans	42,326	44,409
Modified loans	139	175
Consumer | Other retail | Pass
Loans by origination year
Originated in 2024/ 2023	7,398	5,184
Originated in 2023/2022	3,966	5,607
Originated in 2022/2021	4,085	10,398
Originated in 2021/2020	6,537	4,541
Originated in 2020	2,715
Originated prior to 2020	2,828
Originated prior to 2020		4,008
Revolving	13,846	13,720
Revolving converted to term	731	735
Total loans	42,106	44,193
Consumer | Other retail | Total Criticized
Loans by origination year
Originated in 2024/ 2023	3	4
Originated in 2023/2022	9	12
Originated in 2022/2021	11	15
Originated in 2021/2020	14	9
Originated in 2020	6
Originated prior to 2020	15
Originated prior to 2020		20
Revolving	120	104
Revolving converted to term	42	52
Total loans	220	216
Consumer | Other retail | Special Mention
Loans by origination year
Originated in 2024/ 2023	0	0
Originated in 2023/2022	0	0
Originated in 2022/2021	0	0
Originated in 2021/2020	0	0
Originated in 2020	0
Originated prior to 2020	0
Originated prior to 2020		0
Revolving	0	0
Revolving converted to term	0	0
Total loans	0	0
Consumer | Other retail | Classified
Loans by origination year
Originated in 2024/ 2023	3	4
Originated in 2023/2022	9	12
Originated in 2022/2021	11	15
Originated in 2021/2020	14	9
Originated in 2020	6
Originated prior to 2020	15
Originated prior to 2020		20
Revolving	120	104
Revolving converted to term	42	52
Total loans	$ 220	$ 216

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses - Loans Modified by Modification Type (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Modified [Line Items]
Modifications	$ 4,423	$ 3,726
Percent of Class Total	1.20%	1%
Total loans, excluding loans purchased from GNMA mortgage pools
Financing Receivable, Modified [Line Items]
Modifications	$ 2,508	$ 1,887
Percent of Class Total	0.70%	0.50%
Loans purchased from GNMA mortgage pools
Financing Receivable, Modified [Line Items]
Modifications	$ 1,915	$ 1,839
Percent of Class Total	1.60%	1.60%
Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Modifications	$ 542	$ 402
Interest Rate Reduction | Total loans, excluding loans purchased from GNMA mortgage pools
Financing Receivable, Modified [Line Items]
Modifications	541	402
Interest Rate Reduction | Loans purchased from GNMA mortgage pools
Financing Receivable, Modified [Line Items]
Modifications	1	0
Payment Delay
Financing Receivable, Modified [Line Items]
Modifications	1,310	1,519
Payment Delay | Total loans, excluding loans purchased from GNMA mortgage pools
Financing Receivable, Modified [Line Items]
Modifications	95	256
Payment Delay | Loans purchased from GNMA mortgage pools
Financing Receivable, Modified [Line Items]
Modifications	1,215	1,263
Term Extension
Financing Receivable, Modified [Line Items]
Modifications	2,067	1,356
Term Extension | Total loans, excluding loans purchased from GNMA mortgage pools
Financing Receivable, Modified [Line Items]
Modifications	1,775	1,101
Term Extension | Loans purchased from GNMA mortgage pools
Financing Receivable, Modified [Line Items]
Modifications	292	255
Multiple Modifications
Financing Receivable, Modified [Line Items]
Modifications	504	449
Multiple Modifications | Total loans, excluding loans purchased from GNMA mortgage pools
Financing Receivable, Modified [Line Items]
Modifications	97	128
Multiple Modifications | Loans purchased from GNMA mortgage pools
Financing Receivable, Modified [Line Items]
Modifications	407	321
Payment Delay and Term Extension
Financing Receivable, Modified [Line Items]
Modifications	310	329
Interest Rate Reduction and Term Extension
Financing Receivable, Modified [Line Items]
Modifications	155	112
Interest Rate Reduction, Payment Delay and Term Extension
Financing Receivable, Modified [Line Items]
Modifications	39	8
Commercial | Commercial
Financing Receivable, Modified [Line Items]
Modifications	$ 605	$ 365
Percent of Class Total	0.40%	0.30%
Commercial | Commercial | Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Modifications	$ 77	$ 46
Commercial | Commercial | Payment Delay
Financing Receivable, Modified [Line Items]
Modifications	2	0
Commercial | Commercial | Term Extension
Financing Receivable, Modified [Line Items]
Modifications	526	286
Commercial | Commercial | Multiple Modifications
Financing Receivable, Modified [Line Items]
Modifications	0	33
Commercial | Commercial real estate
Financing Receivable, Modified [Line Items]
Modifications	$ 1,220	$ 717
Percent of Class Total	2.50%	1.30%
Commercial | Commercial real estate | Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Modifications	$ 43	$ 0
Commercial | Commercial real estate | Payment Delay
Financing Receivable, Modified [Line Items]
Modifications	0	0
Commercial | Commercial real estate | Term Extension
Financing Receivable, Modified [Line Items]
Modifications	1,107	645
Commercial | Commercial real estate | Multiple Modifications
Financing Receivable, Modified [Line Items]
Modifications	70	72
Consumer | Residential mortgages
Financing Receivable, Modified [Line Items]
Modifications	$ 119	$ 280
Percent of Class Total	0.10%	0.20%
Consumer | Residential mortgages | Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Modifications	$ 0	$ 0
Consumer | Residential mortgages | Payment Delay
Financing Receivable, Modified [Line Items]
Modifications	79	234
Consumer | Residential mortgages | Term Extension
Financing Receivable, Modified [Line Items]
Modifications	17	26
Consumer | Residential mortgages | Multiple Modifications
Financing Receivable, Modified [Line Items]
Modifications	23	20
Consumer | Credit card
Financing Receivable, Modified [Line Items]
Modifications	$ 425	$ 350
Percent of Class Total	1.40%	1.20%
Consumer | Credit card | Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Modifications	$ 414	$ 349
Consumer | Credit card | Payment Delay
Financing Receivable, Modified [Line Items]
Modifications	11	1
Consumer | Credit card | Term Extension
Financing Receivable, Modified [Line Items]
Modifications	0	0
Consumer | Credit card | Multiple Modifications
Financing Receivable, Modified [Line Items]
Modifications	0	0
Consumer | Other retail
Financing Receivable, Modified [Line Items]
Modifications	$ 139	$ 175
Percent of Class Total	0.30%	0.40%
Consumer | Other retail | Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Modifications	$ 7	$ 7
Consumer | Other retail | Payment Delay
Financing Receivable, Modified [Line Items]
Modifications	3	21
Consumer | Other retail | Term Extension
Financing Receivable, Modified [Line Items]
Modifications	125	144
Consumer | Other retail | Multiple Modifications
Financing Receivable, Modified [Line Items]
Modifications	$ 4	$ 3

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses - Effects of Loan Modifications (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Interest Rate Reduction | Loans purchased from GNMA mortgage pools
Financing Receivable, Modified [Line Items]
Weighted-Average Interest Rate Reduction	0.60%	0.60%
Term Extension | Loans purchased from GNMA mortgage pools
Financing Receivable, Modified [Line Items]
Weighted-Average Months of Term Extension	110 months	103 months
Payment Delay
Financing Receivable, Modified [Line Items]
Weighted-average payment deferral (less than)	$ 1	$ 1
Commercial | Commercial | Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Weighted-Average Interest Rate Reduction	20.30%	13%
Commercial | Commercial | Term Extension
Financing Receivable, Modified [Line Items]
Weighted-Average Months of Term Extension	11 months	12 months
Commercial | Commercial real estate | Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Weighted-Average Interest Rate Reduction	3.20%	3.50%
Commercial | Commercial real estate | Term Extension
Financing Receivable, Modified [Line Items]
Weighted-Average Months of Term Extension	13 months	11 months
Consumer | Residential mortgages | Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Weighted-Average Interest Rate Reduction	1.10%	1.20%
Consumer | Residential mortgages | Term Extension
Financing Receivable, Modified [Line Items]
Weighted-Average Months of Term Extension	90 months	98 months
Consumer | Credit card | Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Weighted-Average Interest Rate Reduction	16.40%	15.40%
Consumer | Other retail | Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Weighted-Average Interest Rate Reduction	7.70%	7.90%
Consumer | Other retail | Term Extension
Financing Receivable, Modified [Line Items]
Weighted-Average Months of Term Extension	5 months	4 months

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses - Loan Modifications by Delinquency Status (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Modified [Line Items]
Loan balances modified during the year	$ 3,838	$ 3,019
Current
Financing Receivable, Modified [Line Items]
Loan balances modified during the year	3,153	2,548
30-89 Days Past Due
Financing Receivable, Modified [Line Items]
Loan balances modified during the year	148	124
30-89 Days Past Due | Loans purchased from GNMA mortgage pools
Financing Receivable, Modified [Line Items]
Loan balances modified during the year	442	372
90 Days or More Past Due
Financing Receivable, Modified [Line Items]
Loan balances modified during the year	537	347
90 Days or More Past Due | Loans purchased from GNMA mortgage pools
Financing Receivable, Modified [Line Items]
Loan balances modified during the year	324	175
Commercial | Commercial
Financing Receivable, Modified [Line Items]
Loan balances modified during the year	588	365
Commercial | Commercial | Current
Financing Receivable, Modified [Line Items]
Loan balances modified during the year	395	255
Commercial | Commercial | 30-89 Days Past Due
Financing Receivable, Modified [Line Items]
Loan balances modified during the year	26	12
Commercial | Commercial | 90 Days or More Past Due
Financing Receivable, Modified [Line Items]
Loan balances modified during the year	167	98
Commercial | Commercial real estate
Financing Receivable, Modified [Line Items]
Loan balances modified during the year	1,220	717
Commercial | Commercial real estate | Current
Financing Receivable, Modified [Line Items]
Loan balances modified during the year	875	524
Commercial | Commercial real estate | 30-89 Days Past Due
Financing Receivable, Modified [Line Items]
Loan balances modified during the year	26	0
Commercial | Commercial real estate | 90 Days or More Past Due
Financing Receivable, Modified [Line Items]
Loan balances modified during the year	319	193
Consumer | Residential mortgages
Financing Receivable, Modified [Line Items]
Loan balances modified during the year	1,479	1,425
Consumer | Residential mortgages | Current
Financing Receivable, Modified [Line Items]
Loan balances modified during the year	1,469	1,385
Consumer | Residential mortgages | 30-89 Days Past Due
Financing Receivable, Modified [Line Items]
Loan balances modified during the year	4	24
Consumer | Residential mortgages | 90 Days or More Past Due
Financing Receivable, Modified [Line Items]
Loan balances modified during the year	6	16
Consumer | Credit card
Financing Receivable, Modified [Line Items]
Loan balances modified during the year	414	350
Consumer | Credit card | Current
Financing Receivable, Modified [Line Items]
Loan balances modified during the year	302	251
Consumer | Credit card | 30-89 Days Past Due
Financing Receivable, Modified [Line Items]
Loan balances modified during the year	73	67
Consumer | Credit card | 90 Days or More Past Due
Financing Receivable, Modified [Line Items]
Loan balances modified during the year	39	32
Consumer | Other retail
Financing Receivable, Modified [Line Items]
Loan balances modified during the year	137	162
Consumer | Other retail | Current
Financing Receivable, Modified [Line Items]
Loan balances modified during the year	112	133
Consumer | Other retail | 30-89 Days Past Due
Financing Receivable, Modified [Line Items]
Loan balances modified during the year	19	21
Consumer | Other retail | 90 Days or More Past Due
Financing Receivable, Modified [Line Items]
Loan balances modified during the year	$ 6	$ 8

Loans and Allowance for Cred_12

Loans and Allowance for Credit Losses - Loan Modifications that Defaulted (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Loans that defaulted	$ 204	$ 43
Payment Delay
Financing Receivable, Modified [Line Items]
Loans that defaulted	171	76
Term Extension
Financing Receivable, Modified [Line Items]
Loans that defaulted	280	44
Multiple Modifications
Financing Receivable, Modified [Line Items]
Loans that defaulted	92	38
Payment Delay and Term Extension
Financing Receivable, Modified [Line Items]
Loans that defaulted	81
Interest Rate Reduction and Term Extension
Financing Receivable, Modified [Line Items]
Loans that defaulted	8
Interest Rate Reduction, Payment Delay and Term Extension
Financing Receivable, Modified [Line Items]
Loans that defaulted	3
Total loans, excluding loans purchased from GNMA mortgage pools | Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Loans that defaulted	203	43
Total loans, excluding loans purchased from GNMA mortgage pools | Payment Delay
Financing Receivable, Modified [Line Items]
Loans that defaulted	3	9
Total loans, excluding loans purchased from GNMA mortgage pools | Term Extension
Financing Receivable, Modified [Line Items]
Loans that defaulted	202	14
Total loans, excluding loans purchased from GNMA mortgage pools | Multiple Modifications
Financing Receivable, Modified [Line Items]
Loans that defaulted	3	1
Loans purchased from GNMA mortgage pools | Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Loans that defaulted	1	0
Loans purchased from GNMA mortgage pools | Payment Delay
Financing Receivable, Modified [Line Items]
Loans that defaulted	168	67
Loans purchased from GNMA mortgage pools | Term Extension
Financing Receivable, Modified [Line Items]
Loans that defaulted	78	30
Loans purchased from GNMA mortgage pools | Multiple Modifications
Financing Receivable, Modified [Line Items]
Loans that defaulted	89	37
Commercial | Commercial | Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Loans that defaulted	30	7
Commercial | Commercial | Payment Delay
Financing Receivable, Modified [Line Items]
Loans that defaulted	0	0
Commercial | Commercial | Term Extension
Financing Receivable, Modified [Line Items]
Loans that defaulted	45	0
Commercial | Commercial | Multiple Modifications
Financing Receivable, Modified [Line Items]
Loans that defaulted	0	0
Commercial | Commercial real estate | Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Loans that defaulted	43	0
Commercial | Commercial real estate | Payment Delay
Financing Receivable, Modified [Line Items]
Loans that defaulted	0	0
Commercial | Commercial real estate | Term Extension
Financing Receivable, Modified [Line Items]
Loans that defaulted	137	1
Commercial | Commercial real estate | Multiple Modifications
Financing Receivable, Modified [Line Items]
Loans that defaulted	0	0
Consumer | Residential mortgages | Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Loans that defaulted	0	0
Consumer | Residential mortgages | Payment Delay
Financing Receivable, Modified [Line Items]
Loans that defaulted	3	8
Consumer | Residential mortgages | Term Extension
Financing Receivable, Modified [Line Items]
Loans that defaulted	0	2
Consumer | Residential mortgages | Multiple Modifications
Financing Receivable, Modified [Line Items]
Loans that defaulted	3	1
Consumer | Credit card | Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Loans that defaulted	128	35
Consumer | Credit card | Payment Delay
Financing Receivable, Modified [Line Items]
Loans that defaulted	0	0
Consumer | Credit card | Term Extension
Financing Receivable, Modified [Line Items]
Loans that defaulted	0	0
Consumer | Credit card | Multiple Modifications
Financing Receivable, Modified [Line Items]
Loans that defaulted	0	0
Consumer | Other retail | Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Loans that defaulted	2	1
Consumer | Other retail | Payment Delay
Financing Receivable, Modified [Line Items]
Loans that defaulted	0	1
Consumer | Other retail | Term Extension
Financing Receivable, Modified [Line Items]
Loans that defaulted	20	11
Consumer | Other retail | Multiple Modifications
Financing Receivable, Modified [Line Items]
Loans that defaulted	$ 0	$ 0

Leases - Components of Net Inve

Leases - Components of Net Investment in Sales-Type and Direct Financing Leases (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Lease receivables	$ 7,328	$ 7,239
Unguaranteed residual values accruing to the lessor’s benefit	911	1,082
Total net investment in sales-type and direct financing leases	$ 8,239	$ 8,321

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Lease revenue	$ 775	$ 738	$ 764
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Premises and equipment	Premises and equipment
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Long-term debt
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities
Right of use lease assets	$ 1,400	$ 1,400
Lease liabilities	1,500	1,600
Lease cost	$ 529	$ 496	$ 390

Leases - Contractual Future Lea

Leases - Contractual Future Lease Payments to be Received (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Sales-type and Direct Financing Leases
2025	$ 2,758
2026	2,142
2027	1,804
2028	865
2029	269
Thereafter	335
Total lease payments	8,173
Amounts representing interest	(845)
Lease receivables	7,328	$ 7,239
Operating Leases
2025	143
2026	104
2027	77
2028	52
2029	32
Thereafter	54
Total lease payments	$ 462

Leases - Amounts Relevant to As

Leases - Amounts Relevant to Assets Leased for Use in its Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$ 389	$ 409	$ 294
Operating cash flows from finance leases	7	7	4
Financing cash flows from finance leases	62	49	14
Right of use assets obtained in exchange for new operating lease liabilities	268	230	239
Right of use assets obtained in exchange for new finance lease liabilities	$ 59	$ 25	$ 91

Leases - Weighted-Average Remai

Leases - Weighted-Average Remaining Lease Terms and Discount Rates (Details)	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Weighted-average remaining lease term of operating leases (in years)	6 years 8 months 12 days	6 years 4 months 24 days
Weighted-average remaining lease term of finance leases (in years)	8 years 1 month 6 days	8 years 3 months 18 days
Weighted-average discount rate of operating leases	4%	3.70%
Weighted-average discount rate of finance leases	7.30%	7.70%

Leases - Contractual Future L_2

Leases - Contractual Future Lease Obligations (Details) $ in Millions	Dec. 31, 2024 USD ($)
Operating Leases
2025	$ 324
2026	291
2027	248
2028	195
2029	147
Thereafter	382
Total lease payments	1,587
Amounts representing interest	(218)
Lease liabilities	1,369
Finance Leases
2025	38
2026	37
2027	34
2028	26
2029	8
Thereafter	24
Total lease payments	167
Amounts representing interest	(18)
Lease liabilities	$ 149

Accounting for Transfers and _3

Accounting for Transfers and Servicing of Financial Assets and Variable Interest Entities - Additional Information (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Investment Program, Proportional Amortization Method, Elected, Income Tax Credit And Other Income Tax Benefit Before Amortization, Statement Of Cash Flows, Extensible Enumeration, Not DisclosedFlag		tax expense
Investment Program, Proportional Amortization Method, Elected, Income Tax Credit and Other Income Tax Benefit, before Amortization, Statement of Income or Comprehensive Income [Extensible Enumeration]		Applicable income taxes
Investment Program Proportional Amortization Method Applied Income Tax Credit And Other Tax Benefit Amortization Statement Of Cash Flows Extensible Enumeration Not Disclosed Flag		expenses
Investment Program, Proportional Amortization Method, Applied, Amortization Expense, Statement of Income or Comprehensive Income [Extensible Enumeration]		Applicable income taxes
Tax credits related to tax-advantaged investments		$ 585	$ 576	$ 461
Expense related to tax-advantaged investments		573	582	424
Investments in VIEs		678,318	663,491
Available-for-sale securities	[1]	85,992	69,706
Liabilities related to VIEs		619,278	607,720
Variable Interest Entity, Not Primary Beneficiary | Minimum
Variable Interest Entity [Line Items]
Net investments in unconsolidated VIEs		1	1
Variable Interest Entity, Not Primary Beneficiary | Maximum
Variable Interest Entity [Line Items]
Net investments in unconsolidated VIEs		79	86
Variable Interest Entity, Not Primary Beneficiary, Private Investment Funds and Partnerships
Variable Interest Entity [Line Items]
Investments in VIEs		264	219
Maximum exposure to loss		382	319
Variable Interest Entity, Not Primary Beneficiary, Securitization Vehicles | Senior Notes
Variable Interest Entity [Line Items]
Available-for-sale securities		3,200	5,300
Proceeds from securitizations of loans held-for-investment		3,600	6,100
Variable Interest Entity, Primary Beneficiary, Community Development and Tax-Advantaged Investments
Variable Interest Entity [Line Items]
Investments in VIEs		6,400	6,100
Liabilities related to VIEs		$ 4,200	4,400
Variable Interest Entity, Primary Beneficiary, Tender Option Bond Program
Variable Interest Entity [Line Items]
Investments in VIEs			607
Liabilities related to VIEs			$ 381
Fees Waived
Variable Interest Entity [Line Items]
Support provided to money market funds				$ 65
[1] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.

Accounting for Transfers and _4

Accounting for Transfers and Servicing of Financial Assets and Variable Interest Entities - Investments in Community Development and Tax-advantaged VIEs (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Variable Interest Entity [Line Items]
Investment carrying amount	$ 678,318	$ 663,491
Unfunded capital and other commitments	619,278	607,720
Variable Interest Entity, Not Primary Beneficiary, Community Development and Tax-Advantaged investments
Variable Interest Entity [Line Items]
Investment carrying amount	8,107	6,659
Unfunded capital and other commitments	5,032	3,619
Maximum exposure to loss	$ 8,435	$ 9,002

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Construction in progress
Right of use assets on operating leases	$ 1,114	$ 1,149
Right of use assets on finance leases	314	275
Total gross premises and equipment	8,153	8,259
Less accumulated depreciation and amortization	(4,588)	(4,636)
Premises and equipment	3,565	3,623
Land
Construction in progress
Gross premises and equipment excluding right-of-use assets	498	515
Buildings and improvements
Construction in progress
Gross premises and equipment excluding right-of-use assets	3,121	3,239
Furniture, fixtures and equipment
Construction in progress
Gross premises and equipment excluding right-of-use assets	3,010	3,013
Construction in progress
Construction in progress
Gross premises and equipment excluding right-of-use assets	$ 96	$ 68

Mortgage Servicing Rights - Add

Mortgage Servicing Rights - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Transfers and Servicing of Financial Assets [Abstract]
Residential mortgage loans serviced for others including subserviced mortgages with no corresponding MSRs asset	$ 216,600	$ 233,400
Losses on fair value changes of MSRs due to changes in valuation assumptions and derivatives used to economically hedge MSRs	2	41	$ 45
Loan servicing and ancillary fees	$ 699	$ 733	$ 754

Mortgage Servicing Rights - Cha

Mortgage Servicing Rights - Changes in Fair Value of Capitalized MSRs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Servicing Asset at Fair Value, Amount [Roll Forward]
Balance at beginning of period	$ 3,377	$ 3,755	$ 2,953
Rights purchased	1	5	156
Rights capitalized	276	373	590
Rights sold	(188)	(440)	(255)
Changes in fair value of MSRs
Due to fluctuations in market interest rates	235	66	804
Due to revised assumptions or models	43	12	(29)
Other changes in fair value	(375)	(394)	(464)
Balance at end of period	$ 3,369	$ 3,377	$ 3,755
Servicing Asset, Fair Value, Change in Fair Value, Other, Statement of Income or Comprehensive Income [Extensible Enumeration]	Mortgage banking revenue	Mortgage banking revenue	Mortgage banking revenue

Mortgage Servicing Rights - Sen

Mortgage Servicing Rights - Sensitivity to Changes in Interest Rates of the Fair Value of MSR Portfolio and Related Derivative Instruments (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Down | Derivative instrument hedges
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]
Fair value 100 basis points change	$ 325	$ 381
Fair value 50 basis points change	147	178
Fair value 25 basis points change	69	86
Down | Net sensitivity
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]
Fair value 100 basis points change	15	11
Fair value 50 basis points change	3	5
Fair value 25 basis points change	0	2
Down | MSR portfolio
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]
Fair value 100 basis points change	(310)	(370)
Fair value 50 basis points change	(144)	(173)
Fair value 25 basis points change	(69)	(84)
Up | Derivative instrument hedges
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]
Fair value 100 basis points change	(220)	(289)
Fair value 50 basis points change	(118)	(152)
Fair value 25 basis points change	(61)	(79)
Up | Net sensitivity
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]
Fair value 100 basis points change	(3)	(21)
Fair value 50 basis points change	2	(5)
Fair value 25 basis points change	2	(2)
Up | MSR portfolio
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]
Fair value 100 basis points change	217	268
Fair value 50 basis points change	120	147
Fair value 25 basis points change	$ 63	$ 77

Mortgage Servicing Rights - MSR

Mortgage Servicing Rights - MSRs and Related Characteristics by Portfolio (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Servicing Assets at Fair Value [Line Items]
Fair value	$ 3,369	$ 3,377	$ 3,755	$ 2,953
MSR portfolio
Servicing Assets at Fair Value [Line Items]
Servicing portfolio	216,374	225,338
Fair value	$ 3,369	$ 3,377
Value (bps)	1.56%	1.50%
Weighted-average servicing fees (bps)	0.30%	0.30%
Multiple (value/servicing fees)	5.17	5
Weighted-average note rate	4.18%	4.02%
Weighted-average age (in years)	5 years	4 years 4 months 24 days
Weighted-average expected prepayment (constant prepayment rate)	8.60%	9.60%
Weighted-average expected life (in years)	7 years 4 months 24 days	7 years
Weighted-average option adjusted spread	5.70%	4.90%
MSR portfolio | HFA
Servicing Assets at Fair Value [Line Items]
Servicing portfolio	$ 52,807	$ 48,286
Fair value	$ 856	$ 769
Value (bps)	1.62%	1.59%
Weighted-average servicing fees (bps)	0.35%	0.36%
Multiple (value/servicing fees)	4.57	4.45
Weighted-average note rate	4.92%	4.56%
Weighted-average age (in years)	4 years 6 months	4 years 3 months 18 days
Weighted-average expected prepayment (constant prepayment rate)	9.90%	10.50%
Weighted-average expected life (in years)	7 years 6 months	7 years 2 months 12 days
Weighted-average option adjusted spread	5.80%	5.40%
MSR portfolio | Government
Servicing Assets at Fair Value [Line Items]
Servicing portfolio	$ 25,139	$ 25,996
Fair value	$ 512	$ 507
Value (bps)	2.04%	1.95%
Weighted-average servicing fees (bps)	0.45%	0.44%
Multiple (value/servicing fees)	4.56	4.41
Weighted-average note rate	4.35%	4.23%
Weighted-average age (in years)	6 years 1 month 6 days	5 years 6 months
Weighted-average expected prepayment (constant prepayment rate)	10.20%	11.10%
Weighted-average expected life (in years)	6 years 9 months 18 days	6 years 6 months
Weighted-average option adjusted spread	6.20%	5.90%
MSR portfolio | Conventional
Servicing Assets at Fair Value [Line Items]
Servicing portfolio	$ 138,428	$ 151,056
Fair value	$ 2,001	$ 2,101
Value (bps)	1.45%	1.39%
Weighted-average servicing fees (bps)	0.25%	0.26%
Multiple (value/servicing fees)	5.69	5.41
Weighted-average note rate	3.87%	3.81%
Weighted-average age (in years)	5 years	4 years 3 months 18 days
Weighted-average expected prepayment (constant prepayment rate)	7.80%	9.10%
Weighted-average expected life (in years)	7 years 4 months 24 days	7 years
Weighted-average option adjusted spread	5.60%	4.60%

Intangible Assets - Intangible

Intangible Assets - Intangible Assets (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 12,536	$ 12,489	$ 12,373	$ 10,262
Mortgage servicing rights	3,369	3,377	$ 3,755	$ 2,953
Total	18,083	18,573
Core deposit benefits
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangibles	1,702	2,134
Other identified intangibles
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangibles	$ 476	$ 573

Intangible Assets - Aggregate A

Intangible Assets - Aggregate Amortization Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Aggregate amortization expense	$ 569	$ 636	$ 215
Core deposit benefits
Finite-Lived Intangible Assets [Line Items]
Aggregate amortization expense	432	481	53
Other identified intangibles
Finite-Lived Intangible Assets [Line Items]
Aggregate amortization expense	$ 137	$ 155	$ 162

Intangible Assets - Estimated A

Intangible Assets - Estimated Amortization Expense (Details) $ in Millions	Dec. 31, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2025	$ 489
2026	422
2027	353
2028	290
2029	$ 223

Intangible Assets - Changes in

Intangible Assets - Changes in Carrying Value of Goodwill (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 12,489	$ 12,373	$ 10,262
Goodwill acquired	80	96	2,149
Foreign exchange translation and other	(33)	20	(38)
Goodwill, Ending Balance	12,536	12,489	12,373
Wealth, Corporate, Commercial and Institutional Banking
Goodwill [Roll Forward]
Goodwill, Beginning Balance	4,825	4,589	3,673
Goodwill acquired	0	235	918
Foreign exchange translation and other	(2)	1	(2)
Goodwill, Ending Balance	4,823	4,825	4,589
Consumer and Business Banking
Goodwill [Roll Forward]
Goodwill, Beginning Balance	4,326	4,465	3,245
Goodwill acquired	0	(139)	1,220
Foreign exchange translation and other	0	0	0
Goodwill, Ending Balance	4,326	4,326	4,465
Payment Services
Goodwill [Roll Forward]
Goodwill, Beginning Balance	3,338	3,319	3,344
Goodwill acquired	80	0	11
Foreign exchange translation and other	(31)	19	(36)
Goodwill, Ending Balance	3,387	3,338	3,319
Treasury and Corporate Support
Goodwill [Roll Forward]
Goodwill, Beginning Balance	0	0	0
Goodwill acquired	0	0	0
Foreign exchange translation and other	0	0	0
Goodwill, Ending Balance	$ 0	$ 0	$ 0

Deposits - Composition of Depos

Deposits - Composition of Deposits (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Deposits [Abstract]
Noninterest-bearing deposits	$ 84,158	$ 89,989
Interest-bearing deposits
Interest checking	127,188	127,453
Money market savings	206,805	199,378
Savings accounts	45,389	43,219
Time deposits	54,769	52,273
Total interest-bearing deposits	434,151	422,323
Total deposits	$ 518,309	$ 512,312

Deposits - Maturities of Time D

Deposits - Maturities of Time Deposits Outstanding (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Deposits [Abstract]
2025	$ 51,876
2026	2,045
2027	310
2028	149
2029	387
Thereafter	2
Total	$ 54,769	$ 52,273

Short-Term Borrowings (Details)

Short-Term Borrowings (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Short-Term Debt [Line Items]
Short-term borrowings	$ 15,518	$ 15,279
Federal funds purchased
Short-Term Debt [Line Items]
Short-term borrowings	252	248
Securities sold under agreements to repurchase
Short-Term Debt [Line Items]
Short-term borrowings	7,642	3,576
Commercial paper
Short-Term Debt [Line Items]
Short-term borrowings	4,288	7,773
Other short-term borrowings
Short-Term Debt [Line Items]
Short-term borrowings	$ 3,336	$ 3,682

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-term Debt (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term debt	$ 58,002	$ 51,480
MUB
Debt Instrument [Line Items]
Discounted liability to MUFG	$ 2,200	2,100
Medium-term notes
Debt Instrument [Line Items]
Weighted-average interest rate	4.40%
Federal Home Loan Bank advances
Debt Instrument [Line Items]
Weighted-average interest rate	4.63%
Bank notes
Debt Instrument [Line Items]
Weighted-average interest rate	3.08%
U.S. Bancorp (Parent Company)
Debt Instrument [Line Items]
Long-term debt	$ 35,257	34,332
U.S. Bancorp (Parent Company) | Other
Debt Instrument [Line Items]
Long-term debt	$ 2,000	1,915
U.S. Bancorp (Parent Company) | Fixed | Subordinated notes, 3.600%, Maturity 2024
Debt Instrument [Line Items]
Rate	3.60%
Long-term debt	$ 0	1,000
U.S. Bancorp (Parent Company) | Fixed | Subordinated notes, 7.500%, Maturity 2026
Debt Instrument [Line Items]
Rate	7.50%
Long-term debt	$ 199	199
U.S. Bancorp (Parent Company) | Fixed | Subordinated notes, 3.100%, Maturity 2026
Debt Instrument [Line Items]
Rate	3.10%
Long-term debt	$ 1,000	1,000
U.S. Bancorp (Parent Company) | Fixed | Subordinated notes, 3.000%, Maturity 2029
Debt Instrument [Line Items]
Rate	3%
Long-term debt	$ 1,000	1,000
U.S. Bancorp (Parent Company) | Fixed | Subordinated notes, 4.967%, Maturity 2023
Debt Instrument [Line Items]
Rate	4.967%
Long-term debt	$ 1,300	1,300
U.S. Bancorp (Parent Company) | Fixed | Subordinated notes, 2.491%, Maturity 2036
Debt Instrument [Line Items]
Rate	2.491%
Long-term debt	$ 1,300	1,300
U.S. Bancorp (Parent Company) | Fixed | Medium-term notes
Debt Instrument [Line Items]
Long-term debt	$ 27,939	26,618
U.S. Bancorp (Parent Company) | Fixed | Medium-term notes | Minimum
Debt Instrument [Line Items]
Rate	1.375%
U.S. Bancorp (Parent Company) | Fixed | Medium-term notes | Maximum
Debt Instrument [Line Items]
Rate	6.787%
U.S. Bancorp (Parent Company) | Floating | Medium-term notes
Debt Instrument [Line Items]
Rate	3.813%
Long-term debt	$ 519	0
Subsidiaries
Debt Instrument [Line Items]
Long-term debt	22,745	17,148
Subsidiaries | Other
Debt Instrument [Line Items]
Long-term debt	1,977	1,484
Subsidiaries | Fixed | Federal Home Loan Bank advances
Debt Instrument [Line Items]
Long-term debt	$ 12,550	9,051
Subsidiaries | Fixed | Federal Home Loan Bank advances | Minimum
Debt Instrument [Line Items]
Rate	1.86%
Subsidiaries | Fixed | Federal Home Loan Bank advances | Maximum
Debt Instrument [Line Items]
Rate	8.25%
Subsidiaries | Fixed | Bank notes
Debt Instrument [Line Items]
Long-term debt	$ 3,405	2,289
Subsidiaries | Fixed | Bank notes | Minimum
Debt Instrument [Line Items]
Rate	2.05%
Subsidiaries | Fixed | Bank notes | Maximum
Debt Instrument [Line Items]
Rate	5.55%
Subsidiaries | Floating | Federal Home Loan Bank advances
Debt Instrument [Line Items]
Long-term debt	$ 3,000	3,000
Subsidiaries | Floating | Federal Home Loan Bank advances | Minimum
Debt Instrument [Line Items]
Rate	5.19%
Subsidiaries | Floating | Federal Home Loan Bank advances | Maximum
Debt Instrument [Line Items]
Rate	5.21%
Subsidiaries | Floating | Bank notes
Debt Instrument [Line Items]
Long-term debt	$ 1,813	$ 1,324
Subsidiaries | Floating | Bank notes | Minimum
Debt Instrument [Line Items]
Rate	0%
Subsidiaries | Floating | Bank notes | Maximum
Debt Instrument [Line Items]
Rate	4.588%

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details) - USD ($) $ in Billions	Dec. 31, 2024	Dec. 31, 2023
Federal Home Loan Bank and Federal Reserve Bank
Debt Instrument [Line Items]
Unused borrowing capacity	$ 171.2	$ 215.8

Long-Term Debt - Maturities of

Long-Term Debt - Maturities of Long-term Debt (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
2025	$ 8,199
2026	13,471
2027	10,045
2028	4,430
2029	4,480
Thereafter	17,377
Total	58,002	$ 51,480
Parent Company
Debt Instrument [Line Items]
2025	2,106
2026	3,917
2027	4,757
2028	4,402
2029	4,472
Thereafter	15,603
Total	$ 35,257	$ 34,332

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Details) - USD ($) $ / shares in Units, $ in Billions	12 Months Ended							24 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2006	Dec. 31, 2011	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2010
Class of Stock [Line Items]
Common stock shares authorized (in shares)									4,000,000,000	4,000,000,000
Preferred stock shares authorized (in shares)									50,000,000	50,000,000
Common stock shares outstanding (in shares)									1,600,000,000
Common stock shares reserved for future issuance (in shares)									59,000,000
Remaining authorized repurchase amount									$ 4.9
Preferred stock outstanding (in shares)									243,510	243,510
Series O
Class of Stock [Line Items]
Preferred stock shares issued (in shares)	18,000
Liquidation preference per share (in dollars per share)	$ 25,000
Preferred stock dividend rate fixed percentage	4.50%
Redemption period of preferred stock	90 days
Preferred stock outstanding (in shares)									18,000	18,000
Series N
Class of Stock [Line Items]
Preferred stock shares issued (in shares)		60,000
Liquidation preference per share (in dollars per share)		$ 25,000
Preferred stock dividend rate fixed percentage		3.70%
Redemption period of preferred stock		90 days
Preferred stock variable dividend rate spread		2.541%
Preferred stock outstanding (in shares)									60,000	60,000
Series M
Class of Stock [Line Items]
Preferred stock shares issued (in shares)		30,000
Liquidation preference per share (in dollars per share)		$ 25,000
Preferred stock dividend rate fixed percentage		4%
Redemption period of preferred stock		90 days
Preferred stock outstanding (in shares)									30,000	30,000
Series L
Class of Stock [Line Items]
Preferred stock shares issued (in shares)			20,000
Liquidation preference per share (in dollars per share)			$ 25,000
Preferred stock dividend rate fixed percentage			3.75%
Redemption period of preferred stock			90 days
Preferred stock outstanding (in shares)									20,000	20,000
Series K
Class of Stock [Line Items]
Preferred stock shares issued (in shares)				23,000
Liquidation preference per share (in dollars per share)				$ 25,000
Preferred stock dividend rate fixed percentage				5.50%
Preferred stock outstanding (in shares)									23,000	23,000
Series J
Class of Stock [Line Items]
Preferred stock shares issued (in shares)					40,000
Liquidation preference per share (in dollars per share)					$ 25,000
Preferred stock dividend rate fixed percentage					5.30%
Redemption period of preferred stock					90 days
Preferred stock variable dividend rate spread					2.914%
Preferred stock outstanding (in shares)									40,000	40,000
Series A
Class of Stock [Line Items]
Preferred stock shares issued (in shares)								6,764			5,746
Liquidation preference per share (in dollars per share)								$ 100,000
Preferred stock dividend rate fixed percentage								3.50%
Preferred stock variable dividend rate spread								1.02%
Preferred stock outstanding (in shares)									12,510	12,510
Series A | Noncontrolling Interests
Class of Stock [Line Items]
Liquidation preference per share (in dollars per share)							$ 100,000
Preferred stock variable dividend rate spread							1.147%
Minority interest preferred stock, shares issued (in shares)							5,000
Stock repurchased during period (in shares)						500
Preferred stock outstanding (in shares)									4,500
Series A | Noncontrolling Interests | Term Secured Overnight Financing Rate Overnight Index Swap Rate (SOFR), Adjustment
Class of Stock [Line Items]
Preferred stock variable dividend rate spread							0.26161%
Series B
Class of Stock [Line Items]
Preferred stock shares issued (in shares)							40,000
Liquidation preference per share (in dollars per share)							$ 25,000
Preferred stock dividend rate fixed percentage							3.50%
Preferred stock variable dividend rate spread							0.60%
Preferred stock outstanding (in shares)									40,000	40,000

Shareholders' Equity - Shares I

Shareholders' Equity - Shares Issued and Outstanding and Carrying Amount of Preferred Stock (Details) - USD ($) $ / shares in Units, $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Class of Stock [Line Items]
Shares Issued and Outstanding (in shares)	243,510	243,510
Liquidation Preference	$ 7,026	$ 7,026
Discount	218	218
Carrying Amount	$ 6,808	$ 6,808
Preferred Stock par value (in dollars per share)	$ 1	$ 1
Series A
Class of Stock [Line Items]
Shares Issued and Outstanding (in shares)	12,510	12,510
Liquidation Preference	$ 1,251	$ 1,251
Discount	145	145
Carrying Amount	$ 1,106	$ 1,106
Series B
Class of Stock [Line Items]
Shares Issued and Outstanding (in shares)	40,000	40,000
Liquidation Preference	$ 1,000	$ 1,000
Discount	0	0
Carrying Amount	$ 1,000	$ 1,000
Series J
Class of Stock [Line Items]
Shares Issued and Outstanding (in shares)	40,000	40,000
Liquidation Preference	$ 1,000	$ 1,000
Discount	7	7
Carrying Amount	$ 993	$ 993
Series K
Class of Stock [Line Items]
Shares Issued and Outstanding (in shares)	23,000	23,000
Liquidation Preference	$ 575	$ 575
Discount	10	10
Carrying Amount	$ 565	$ 565
Series L
Class of Stock [Line Items]
Shares Issued and Outstanding (in shares)	20,000	20,000
Liquidation Preference	$ 500	$ 500
Discount	14	14
Carrying Amount	$ 486	$ 486
Series M
Class of Stock [Line Items]
Shares Issued and Outstanding (in shares)	30,000	30,000
Liquidation Preference	$ 750	$ 750
Discount	21	21
Carrying Amount	$ 729	$ 729
Series N
Class of Stock [Line Items]
Shares Issued and Outstanding (in shares)	60,000	60,000
Liquidation Preference	$ 1,500	$ 1,500
Discount	8	8
Carrying Amount	$ 1,492	$ 1,492
Series O
Class of Stock [Line Items]
Shares Issued and Outstanding (in shares)	18,000	18,000
Liquidation Preference	$ 450	$ 450
Discount	13	13
Carrying Amount	$ 437	$ 437

Shareholders' Equity - Common S

Shareholders' Equity - Common Stock Repurchased (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Equity [Abstract]
Shares	4	1	1
Value	$ 173	$ 62	$ 69

Shareholders' Equity - Reconcil

Shareholders' Equity - Reconciliation of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	$ 55,771	$ 51,232	$ 55,387
Changes in unrealized gains (losses)	(60)	1,500	(13,656)
Changes in unrealized gains (losses)	(676)	(252)	(75)
Changes in unrealized gains (losses)	245	(262)	526
Changes in unrealized gains (losses)	(490)	986	(13,205)
Transfer of securities from available-for-sale to held-to-maturity			0
Foreign currency translation adjustment	18	21	(10)
Reclassification to earnings of realized (gains) losses	910	748	544
Applicable income taxes	(106)	(444)	3,207
Ending Balance	59,040	55,771	51,232
Changes in debit valuation adjustments	1	0	0
Total
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	(10,096)	(11,407)	(1,943)
Ending Balance	(9,764)	(10,096)	(11,407)
Unrealized Gains (Losses) on Investment Securities Available-For-Sale
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	(5,151)	(6,378)	540
Changes in unrealized gains (losses)	(60)	1,500	(13,656)
Transfer of securities from available-for-sale to held-to-maturity			4,413
Reclassification to earnings of realized (gains) losses	154	145	(20)
Applicable income taxes	(21)	(418)	2,345
Ending Balance	(5,078)	(5,151)	(6,378)
Unrealized Gains (Losses) on Investment Securities Transferred From Available-For-Sale to Held-To-Maturity
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	(3,537)	(3,933)	(935)
Transfer of securities from available-for-sale to held-to-maturity			(4,413)
Reclassification to earnings of realized (gains) losses	499	530	400
Applicable income taxes	(127)	(134)	1,015
Ending Balance	(3,165)	(3,537)	(3,933)
Unrealized Gains (Losses) on Derivative Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	(242)	(114)	(85)
Changes in unrealized gains (losses)	(676)	(252)	(75)
Reclassification to earnings of realized (gains) losses	258	80	36
Applicable income taxes	107	44	10
Ending Balance	(553)	(242)	(114)
Unrealized Gains (Losses) on Retirement Plans
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	(1,138)	(939)	(1,426)
Changes in unrealized gains (losses)	245	(262)	526
Reclassification to earnings of realized (gains) losses	(1)	(7)	128
Applicable income taxes	(61)	70	(167)
Ending Balance	(955)	(1,138)	(939)
Debit Valuation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	0
Ending Balance	1	0
Changes in debit valuation adjustments	1
Foreign Currency Translation
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	(28)	(43)	(37)
Foreign currency translation adjustment	18	21	(10)
Applicable income taxes	(4)	(6)	4
Ending Balance	$ (14)	$ (28)	$ (43)

Shareholders' Equity - Impact t

Shareholders' Equity - Impact to Net Income for Items Reclassified out of Accumulated Other Comprehensive Income into Earnings (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Realized gains (losses) on sales of investment securities	$ (154)	$ (145)	$ 20
Amortization of unrealized gains (losses)	31,666	30,007	17,945
Realized gains (losses) on derivative hedges	16,289	17,396	14,728
Actuarial gains (losses) and prior service cost (credit) amortization	(1,480)	(2,211)	(1,398)
Applicable income taxes	(1,580)	(1,407)	(1,463)
Net income (loss)	6,329	5,458	5,838
Reclassification Out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income (loss)	(678)	(558)	(388)
Reclassification Out of Accumulated Other Comprehensive Income [Member] | Unrealized gains (losses) on investment securities available-for-sale
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Realized gains (losses) on sales of investment securities	(154)	(145)	20
Applicable income taxes	39	37	(5)
Net income (loss)	(115)	(108)	15
Reclassification Out of Accumulated Other Comprehensive Income [Member] | Unrealized gains (losses) on investment securities transferred from available-for-sale to held-to-maturity
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of unrealized gains (losses)	(499)	(530)	(400)
Applicable income taxes	127	134	119
Net income (loss)	(372)	(396)	(281)
Reclassification Out of Accumulated Other Comprehensive Income [Member] | Unrealized gains (losses) on derivative hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Realized gains (losses) on derivative hedges	(258)	(80)	(36)
Applicable income taxes	66	21	9
Net income (loss)	(192)	(59)	(27)
Reclassification Out of Accumulated Other Comprehensive Income [Member] | Unrealized gains (losses) on retirement plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Actuarial gains (losses) and prior service cost (credit) amortization	1	7	(128)
Applicable income taxes	0	(2)	33
Net income (loss)	$ 1	$ 5	$ (95)

Shareholders' Equity - Regulato

Shareholders' Equity - Regulatory Capital (Details) $ in Millions	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
U.S. Bancorp
Minimum
Common equity tier 1 capital as a percent of risk-weighted assets	0.076
Tier 1 capital as a percent of risk-weighted assets	0.091
Total risk-based capital as a percent of risk-weighted assets	0.111
Tier 1 capital as a percent of adjusted quarterly average assets (leverage ratio)	0.040
Tier 1 capital as a percent of total on- and off-balance sheet leverage exposure (total leverage exposure ratio)	0.030
Well- Capitalized
Common equity tier 1 capital as a percent of risk-weighted assets	0.065
Tier 1 capital as a percent of risk-weighted assets	0.080
Total risk-based capital as a percent of risk-weighted assets	0.100
Tier 1 capital as a percent of adjusted quarterly average assets (leverage ratio)	0.050
Capital conservation buffer	0.031	0.025
U.S. Bancorp | Basel III standardized approach
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity tier 1 capital	$ 47,877	$ 44,947
Tier 1 capital	55,129	52,199
Total risk-based capital	64,375	61,921
Risk-weighted assets	$ 450,498	$ 453,390
Common equity tier 1 capital as a percent of risk-weighted assets	0.106	0.099
Tier 1 capital as a percent of risk-weighted assets	0.122	0.115
Total risk-based capital as a percent of risk-weighted assets	0.143	0.137
Tier 1 capital as a percent of adjusted quarterly average assets	0.083	0.081
Tier 1 capital as a percent of total on- and off-balance sheet leverage exposure	0.068	0.066
U.S. Bank National Association
Minimum
Common equity tier 1 capital as a percent of risk-weighted assets	0.070
Tier 1 capital as a percent of risk-weighted assets	0.085
Total risk-based capital as a percent of risk-weighted assets	0.105
Tier 1 capital as a percent of adjusted quarterly average assets (leverage ratio)	0.040
Tier 1 capital as a percent of total on- and off-balance sheet leverage exposure (total leverage exposure ratio)	0.030
Well- Capitalized
Common equity tier 1 capital as a percent of risk-weighted assets	0.065
Tier 1 capital as a percent of risk-weighted assets	0.080
Total risk-based capital as a percent of risk-weighted assets	0.100
Tier 1 capital as a percent of adjusted quarterly average assets (leverage ratio)	0.050
Tier 1 capital as a percent of total on- and off-balance sheet leverage exposure (total leverage exposure ratio)	0.030
Capital conservation buffer	0.025	0.025
U.S. Bank National Association | Basel III standardized approach
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity tier 1 capital	$ 59,866	$ 58,194
Tier 1 capital	60,311	58,638
Total risk-based capital	69,947	68,817
Risk-weighted assets	$ 443,426	$ 445,829
Common equity tier 1 capital as a percent of risk-weighted assets	0.135	0.131
Tier 1 capital as a percent of risk-weighted assets	0.136	0.132
Total risk-based capital as a percent of risk-weighted assets	0.158	0.154
Tier 1 capital as a percent of adjusted quarterly average assets	0.093	0.092
Tier 1 capital as a percent of total on- and off-balance sheet leverage exposure	0.076	0.075

Earnings Per Share - Components

Earnings Per Share - Components of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024		Dec. 31, 2023		Dec. 31, 2022
Earnings Per Share [Abstract]
Net income attributable to U.S. Bancorp	$ 6,299		$ 5,429		$ 5,825
Preferred dividends	(352)	[1]	(350)	[2]	(296)	[3]
Earnings allocated to participating stock awards	(38)		(28)		(28)
Net income attributable to U.S. Bancorp	5,909		5,051		5,501
Net income applicable to U.S. Bancorp common shareholders	$ 5,909		$ 5,051		$ 5,501
Average common shares outstanding (in shares)	1,560		1,543		1,489
Net effect of the exercise and assumed purchase of stock awards (in shares)	1		0		1
Average diluted common shares outstanding (in shares)	1,561		1,543		1,490
Earnings per common share (in dollars per share)	$ 3.79		$ 3.27		$ 3.69
Diluted earnings per common share (in dollars per share)	$ 3.79		$ 3.27		$ 3.69
[1] Reflects dividends declared per share on the Company’s Series A, Series B, Series J, Series K, Series L, Series M, Series N and Series O Non-Cumulative Perpetual Preferred Stock of $6,537.806, $1,527.702, $1,325.00, $1,375.00, $937.50, $1,000.00, $925.00, and $1,125.00, respectively. Reflects dividends declared per share on the Company’s Series A, Series B, Series J, Series K, Series L, Series M, Series N, and Series O Non-Cumulative Perpetual Preferred Stock of $6,439.904, $1,503.518, $1,325.00, $1,375.00, $937.50, $1,000.00, $925.00, and $1,125.00, respectively. Reflects dividends declared per share on the Company’s Series A, Series B, Series J, Series K, Series L, Series M, Series N, and Series O Non-Cumulative Perpetual Preferred Stock of $3,965.458, $962.487, $1,325.00, $1,375.00, $937.50, $1,000.00, $925.00, and $1,050.00 , respectively.

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options outstanding of common shares	1	3	1

Employee Benefits - Additional

Employee Benefits - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Maximum employee contribution allowed as a percentage of annual compensation for retirement savings plan	75%
Company contribution match percentage for retirement savings plan	100%
Percent of employees' eligible annual compensation for employer matching contribution to retirement savings plan	4%
Employee matching expenses for retirement savings plan	$ 262	$ 254	$ 211
Vesting service period for pension plan	3 years
Related party
Defined Benefit Plan Disclosure [Line Items]
Plan assets	$ 63
Long-duration bonds
Defined Benefit Plan Disclosure [Line Items]
Target asset allocation percentage	35%
Global equities
Defined Benefit Plan Disclosure [Line Items]
Target asset allocation percentage	30%
Real assets
Defined Benefit Plan Disclosure [Line Items]
Target asset allocation percentage	10%
Private equity funds
Defined Benefit Plan Disclosure [Line Items]
Target asset allocation percentage	10%
Domestic mid-small cap equities
Defined Benefit Plan Disclosure [Line Items]
Target asset allocation percentage	5%
Emerging markets equities
Defined Benefit Plan Disclosure [Line Items]
Target asset allocation percentage	5%
Hedge funds
Defined Benefit Plan Disclosure [Line Items]
Target asset allocation percentage	5%
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets	$ 7,834	7,779	$ 7,375
Pension Plans | Qualified plan
Defined Benefit Plan Disclosure [Line Items]
Employer contributions expected in the next fiscal year	0	0
Pension Plans | Non-qualified plan
Defined Benefit Plan Disclosure [Line Items]
Employer contributions expected in the next fiscal year	49
Postretirement Welfare Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets	47	$ 45
Postretirement Welfare Plans | Non-qualified plan
Defined Benefit Plan Disclosure [Line Items]
Employer contributions expected in the next fiscal year	$ 0

Employee Benefits - Changes in

Employee Benefits - Changes in Benefit Obligation and Plan Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pension Plans
Change In Projected Benefit Obligation
Benefit obligation at beginning of measurement period	$ 7,278	$ 6,617
Service cost	219	223	$ 280
Interest cost	376	370	248
Plan amendments	0	(23)
Actuarial (gain) loss	(443)	398
Lump sum settlements	(118)	(94)
Benefit payments	(243)	(213)
Benefit obligation at end of measurement period	7,069	7,278	6,617
Change In Fair Value Of Plan Assets
Balance at beginning of period	7,779	7,375
Actual return on plan assets	381	658
Employer contributions	35	28
Lump sum settlements	(118)	(94)
Benefit payments	(243)	(213)
Acquisitions	0	25
Balance at end of period	7,834	7,779	$ 7,375
Funded Status	765	501
Components Of The Consolidated Balance Sheet
Noncurrent benefit asset	1,329	1,072
Current benefit liability	(48)	(26)
Noncurrent benefit liability	(516)	(545)
Recognized amount	765	501
Accumulated Other Comprehensive Income (Loss), Pretax
Net actuarial loss	(1,359)	(1,607)
Net prior service credit	30	34
Recognized amount	(1,329)	(1,573)
Accumulated benefit obligation for all pension plans	6,600	6,800
Postretirement Welfare Plans
Change In Projected Benefit Obligation
Benefit obligation at beginning of measurement period	49
Benefit obligation at end of measurement period	41	49
Change In Fair Value Of Plan Assets
Balance at beginning of period	45
Balance at end of period	47	45
Accumulated Other Comprehensive Income (Loss), Pretax
Recognized amount	$ 51	$ 52

Employee Benefits - Pension Pla

Employee Benefits - Pension Plans with Benefit Obligations in Excess of Plan Assets (Details) - Pension Plans - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Plans with Projected Benefit Obligations in Excess of Plan Assets
Projected benefit obligation	$ 564	$ 571
Fair value of plan assets	0	0
Plans with Accumulated Benefit Obligations in Excess of Plan Assets
Accumulated benefit obligation	525	530
Fair value of plan assets	$ 0	$ 0

Employee Benefits - Components

Employee Benefits - Components of Net Periodic Benefit Cost and Other Amounts Recognized in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pension Plans
Components Of Net Periodic Pension Cost
Service cost	$ 219	$ 223	$ 280
Interest cost	376	370	248
Expected return on plan assets	(585)	(546)	(481)
Prior service credit amortization	(4)	(1)	(2)
Actuarial loss amortization	9	5	140
Net periodic pension cost (benefit)	15	51	185
Other Changes In Plan Assets And Benefit Obligations Recognized In Other Comprehensive Income (Loss)
Net actuarial (loss) gain arising during the year	239	(286)	523
Net actuarial loss amortized during the year	9	5	140
Net prior service credit (cost) arising during the year	0	23	(2)
Net prior service credit amortized during the year	(4)	(1)	(2)
Total recognized in other comprehensive income (loss)	244	(259)	659
Total recognized in net periodic pension cost and other comprehensive income (loss)	229	(310)	474
Postretirement Welfare Plans
Components Of Net Periodic Pension Cost
Net periodic pension cost (benefit)	(7)	(10)	(9)
Other Changes In Plan Assets And Benefit Obligations Recognized In Other Comprehensive Income (Loss)
Total recognized in other comprehensive income (loss)	$ (1)	$ (10)	$ (5)

Employee Benefits - Weighted Av

Employee Benefits - Weighted Average Assumptions to Determine Projected Benefit Obligations (Details)	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Cash balance interest crediting rate	3.71%	3.04%
Rate of compensation increase	3.52%	3.72%
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate	5.77%	5.12%

Employee Benefits - Weighted _2

Employee Benefits - Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Cash balance interest crediting rate	3.04%	3.36%	3%
Rate of compensation increase	3.72%	4.13%	3.56%
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate	5.12%	5.55%	3%
Expected return on plan assets	7%	6.75%	6.50%

Employee Benefits - Plan Invest

Employee Benefits - Plan Investment Assets Measured at Fair Value (Details) - Pension Plans - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Plan assets	$ 7,834	$ 7,779	$ 7,375
Level 1, Level 2, and Level 3 total | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Plan assets	63	68
Net asset value per share | Collective investment funds, Domestic equity securities
Defined Benefit Plan Disclosure [Line Items]
Plan assets	1,788	1,546
Net asset value per share | Collective investment funds, Domestic mid-small cap equity securities
Defined Benefit Plan Disclosure [Line Items]
Plan assets	474	406
Net asset value per share | Collective investment funds, International equity securities
Defined Benefit Plan Disclosure [Line Items]
Plan assets	968	981
Net asset value per share | Collective investment funds, Domestic real estate securities
Defined Benefit Plan Disclosure [Line Items]
Plan assets	171	142
Net asset value per share | Collective investment funds, Fixed income
Defined Benefit Plan Disclosure [Line Items]
Plan assets	1,958	2,295
Net asset value per share | Real estate funds
Defined Benefit Plan Disclosure [Line Items]
Plan assets	733	746
Net asset value per share | Hedge funds
Defined Benefit Plan Disclosure [Line Items]
Plan assets	354	412
Net asset value per share | Private equity funds
Defined Benefit Plan Disclosure [Line Items]
Plan assets	$ 1,325	$ 1,183

Employee Benefits - Expected Fu

Employee Benefits - Expected Future Benefit Payments (Details) - Pension Plans $ in Millions	Dec. 31, 2024 USD ($)
Defined Benefit Plan Disclosure [Line Items]
2025	$ 386
2026	394
2027	428
2028	451
2029	470
2030-2034	$ 2,623

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares available for grant under the stock incentive plan (in shares)	46,000,000
Fair value of shares vested	$ 208	$ 180	$ 198
Stock-based compensation expense	232	224	202
Stock-based compensation expense on an after tax basis	173	$ 167	$ 152
Unrecognized compensation cost related to nonvested share-based arrangements	$ 169
Period for recognition of unrecognized compensation cost related to nonvested share-based arrangements	1 year 9 months 18 days
Outstanding Options, Shares (in shares)	2,048,247
Outstanding Options, Weighted-Average Remaining Contractual Life (Years)	1 year 4 months 24 days
Outstanding Options, Weighted-Average Exercise Price (in dollars per share)	$ 46.49
Exercisable Options, Shares (in shares)	2,048,247
Exercisable Options, Weighted-Average Exercise Price (in dollars per share)	$ 46.49
$40.01—$45.00
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Outstanding Options, Shares (in shares)	299,092
Outstanding Options, Weighted-Average Remaining Contractual Life (Years)	1 month 6 days
Outstanding Options, Weighted-Average Exercise Price (in dollars per share)	$ 44.30
Exercisable Options, Shares (in shares)	299,092
Exercisable Options, Weighted-Average Exercise Price (in dollars per share)	$ 44.30
$45.01—$50.00
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Outstanding Options, Shares (in shares)	0
Outstanding Options, Weighted-Average Exercise Price (in dollars per share)	$ 0
Exercisable Options, Shares (in shares)	0
Exercisable Options, Weighted-Average Exercise Price (in dollars per share)	$ 0
Minimum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Option grants exercisable period	10 years
Stock and unit awards vesting period	3 years
Maximum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock and unit awards vesting period	5 years

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Options Outstanding and Exercised Under Stock Incentive Plans (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Stock Options/Shares
Outstanding at Beginning of the Period (in shares)	2,838,285	3,253,090	3,890,131
Exercised (in shares)	(769,636)	(399,329)	(624,729)
Cancelled (in shares)	(20,402)	(15,476)	(12,312)
Outstanding at End of the Period (in shares)	2,048,247	2,838,285	3,253,090
Stock Options/Shares, Exercisable (in shares)	2,048,247	2,838,285	3,253,090
Weighted- Average Exercise Price
Outstanding at Beginning of the Period (in dollars per share)	$ 45.28	$ 44.42	$ 42.58
Exercised (in dollars per share)	42.04	38.15	32.87
Cancelled (in dollars per share)	46.15	47.88	50.97
Outstanding at End of the Period (in dollars per share)	46.49	45.28	44.42
Weighted-Average Exercise Price, Exercisable (in dollars per share)	$ 46.49	$ 45.28	$ 44.42
Weighted-Average Remaining Contractual Term, Outstanding	1 year 4 months 24 days	2 years	2 years 8 months 12 days
Weighted-Average Remaining Contractual Term, Exercisable	1 year 4 months 24 days	2 years	2 years 8 months 12 days
Aggregate Intrinsic Value, Outstanding	$ 3	$ 0	$ 0
Aggregate Intrinsic Value, Exercisable	$ 3	$ 0	$ 0

Stock-Based Compensation - St_2

Stock-Based Compensation - Stock Option Activity (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Fair value of options vested	$ 0	$ 0	$ 0
Intrinsic value of options exercised	3	2	15
Cash received from options exercised	32	15	21
Tax benefit realized from options exercised	$ 1	$ 1	$ 4

Stock-Based Compensation - St_3

Stock-Based Compensation - Stock Options Outstanding Additional Information (Details)	12 Months Ended
	Dec. 31, 2024 $ / shares shares
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Outstanding Options, Shares (in shares) | shares	2,048,247
Outstanding Options, Weighted-Average Remaining Contractual Life (Years)	1 year 4 months 24 days
Outstanding Options, Weighted-Average Exercise Price (in dollars per share)	$ 46.49
Exercisable Options, Shares (in shares) | shares	2,048,247
Exercisable Options, Weighted-Average Exercise Price (in dollars per share)	$ 46.49
$35.01—$40.00
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Lower range limit of Exercise Prices (in dollars per share)	35.01
Upper range limit of Exercise Prices (in dollars per share)	$ 40
Outstanding Options, Shares (in shares) | shares	915,364
Outstanding Options, Weighted-Average Remaining Contractual Life (Years)	1 year 1 month 6 days
Outstanding Options, Weighted-Average Exercise Price (in dollars per share)	$ 39.49
Exercisable Options, Shares (in shares) | shares	915,364
Exercisable Options, Weighted-Average Exercise Price (in dollars per share)	$ 39.49
$40.01—$45.00
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Lower range limit of Exercise Prices (in dollars per share)	40.01
Upper range limit of Exercise Prices (in dollars per share)	$ 45
Outstanding Options, Shares (in shares) | shares	299,092
Outstanding Options, Weighted-Average Remaining Contractual Life (Years)	1 month 6 days
Outstanding Options, Weighted-Average Exercise Price (in dollars per share)	$ 44.30
Exercisable Options, Shares (in shares) | shares	299,092
Exercisable Options, Weighted-Average Exercise Price (in dollars per share)	$ 44.30
$45.01—$50.00
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Lower range limit of Exercise Prices (in dollars per share)	45.01
Upper range limit of Exercise Prices (in dollars per share)	$ 50
Outstanding Options, Shares (in shares) | shares	0
Outstanding Options, Weighted-Average Exercise Price (in dollars per share)	$ 0
Exercisable Options, Shares (in shares) | shares	0
Exercisable Options, Weighted-Average Exercise Price (in dollars per share)	$ 0
$50.01—$55.01
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Lower range limit of Exercise Prices (in dollars per share)	50.01
Upper range limit of Exercise Prices (in dollars per share)	$ 55.01
Outstanding Options, Shares (in shares) | shares	833,791
Outstanding Options, Weighted-Average Remaining Contractual Life (Years)	2 years 1 month 6 days
Outstanding Options, Weighted-Average Exercise Price (in dollars per share)	$ 54.96
Exercisable Options, Shares (in shares) | shares	833,791
Exercisable Options, Weighted-Average Exercise Price (in dollars per share)	$ 54.96

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Shares of Stock and Unit Awards (Details) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Shares
Outstanding at beginning of period (in shares)	8,316,571	6,880,826	6,812,753
Granted (in shares)	6,107,976	5,565,634	4,109,793
Vested (in shares)	(4,680,480)	(3,872,874)	(3,690,666)
Cancelled (in shares)	(502,680)	(257,015)	(351,054)
Outstanding at end of period (in shares)	9,241,387	8,316,571	6,880,826
Weighted-Average Grant-Date Fair Value
Outstanding at beginning of period (in dollars per share)	$ 48.42	$ 52.59	$ 51.04
Granted (in dollars per share)	42.12	45.87	55.62
Vested (in dollars per share)	48.52	52.05	52.88
Cancelled (in dollars per share)	44.06	50	54.95
Outstanding at end of period (in dollars per share)	$ 44.45	$ 48.42	$ 52.59

Income Taxes - Components of In

Income Taxes - Components of Income Tax Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Federal
Current	$ 1,272	$ 1,434	$ 1,366
Deferred	(6)	(326)	(108)
Federal income tax	1,266	1,108	1,258
State
Current	279	482	401
Deferred	35	(183)	(196)
State income tax	314	299	205
Total income tax provision	$ 1,580	$ 1,407	$ 1,463

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Expected Income Tax Expense at Federal Statutory Rate to the Applicable Income Tax Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Federal statutory rate	21%	21%	21%
Tax at statutory rate	$ 1,661	$ 1,442	$ 1,533
State income tax, at statutory rates, net of federal tax benefit	385	322	305
Tax credits and benefits, net of related expenses	(393)	(272)	(273)
Tax-exempt income	(144)	(142)	(121)
Exam Resolutions	(106)	(35)	0
Revaluation of tax related assets and liabilities	(8)	15	(79)
Nondeductible legal and regulatory expenses	57	76	37
Other items	128	1	61
Total income tax provision	$ 1,580	1,407	$ 1,463
MUB
Business Acquisition [Line Items]
Revaluation of tax related assets and liabilities		$ (79)

Income Taxes - Reconciliation_2

Income Taxes - Reconciliation of Changes in Unrecognized Tax Positions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Unrecognized Tax Benefits [Roll Forward]
Balance at beginning of period	$ 350	$ 513	$ 487
Additions for tax positions taken in prior years	32	141	35
Additions for tax positions taken in the current year	6	3	3
Exam resolutions	(131)	(302)	(8)
Statute expirations	(1)	(5)	(4)
Balance at end of period	$ 256	$ 350	$ 513

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Tax Credit Carryforward [Line Items]
Unrecognized tax positions that if recognized would impact the effective tax rate	$ 206	$ 276	$ 294
Accrued interest and penalties included in uncertain tax positions	27
Interest and penalties recorded on uncertain tax positions	(13)	$ (11)	$ 7
Net operating loss carryforwards	3,000
Base year reserves included in retained earnings of acquired thrift institutions for which no deferred federal income tax liability has been recognized	102
Federal [Member]
Tax Credit Carryforward [Line Items]
Credit carryforwards	$ 1,200

Income Taxes - Significant Comp

Income Taxes - Significant Components of the Net Deferred Tax Asset (Liability) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Deferred Tax Assets
Securities available-for-sale and financial instruments	$ 3,129	$ 3,231
Federal, state and foreign net operating loss, credit carryforwards and other carryforwards	2,772	2,836
Allowance for credit losses	2,086	2,051
Loans	869	1,013
Accrued expenses	767	838
Obligation for operating leases	341	348
Partnerships and other investment assets	264	271
Stock compensation	89	87
Other deferred tax assets, net	383	370
Gross deferred tax assets	10,700	11,045
Deferred Tax Liabilities
Leasing activities	(1,273)	(1,455)
Goodwill and other intangible assets	(1,362)	(1,450)
Mortgage servicing rights	(789)	(758)
Right of use operating leases	(297)	(301)
Pension and postretirement benefits	(184)	(115)
Fixed assets	(28)	(44)
Other deferred tax liabilities, net	(125)	(168)
Gross deferred tax liabilities	(4,058)	(4,291)
Valuation allowance	(389)	(364)
Net Deferred Tax Asset	$ 6,253	$ 6,390

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Derivative [Line Items]
Realized and unrealized losses on derivatives classified as cash flow hedges recorded in other comprehensive income (loss)	$ 553	$ 242
Estimated loss to be reclassified from other comprehensive income (loss) into earnings	(222)
Fair value of derivatives under collateral agreements in a net liability position	2,300
Collateral posted by company netted against net liability position	1,900
Net investment hedges
Derivative [Line Items]
Non-derivative debt instruments	$ 1,300	$ 1,300

Derivative Instruments - Asset

Derivative Instruments - Asset and Liability Management Derivative Positions (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Derivative [Line Items]
Notional Value	$ 1,300,000
Asset and liability management positions
Derivative [Line Items]
Notional Value	105,692	$ 91,328
Fair Value, Assets	275	312
Fair Value, Liabilities	221	241
Asset and liability management positions | Swaps | Visa Class B Shares
Derivative [Line Items]
Fair Value, Liabilities	78	91
Derivative liability notional value	1,000	2,000
Asset and liability management positions | Underwriting purchase and sale commitments
Derivative [Line Items]
Notional Value		28
Asset and liability management positions | Other
Derivative [Line Items]
Notional Value	1,084	2,136
Fair Value, Assets	7	11
Fair Value, Liabilities	78	93
Asset and liability management positions | Other economic hedges | Interest rate contracts | Receive fixed/pay floating swaps
Derivative [Line Items]
Notional Value	9,977	7,029
Fair Value, Assets	45	9
Fair Value, Liabilities	23	3
Asset and liability management positions | Other economic hedges | Interest rate contracts | Pay fixed/receive floating swaps
Derivative [Line Items]
Notional Value	2,371	3,801
Fair Value, Assets	0	0
Fair Value, Liabilities	0	0
Asset and liability management positions | Other economic hedges | Interest rate contracts | Futures and forwards | Buy/ Purchased
Derivative [Line Items]
Notional Value	5,436	5,006
Fair Value, Assets	8	29
Fair Value, Liabilities	30	5
Asset and liability management positions | Other economic hedges | Interest rate contracts | Futures and forwards | Sell/ Written
Derivative [Line Items]
Notional Value	2,711	4,501
Fair Value, Assets	10	7
Fair Value, Liabilities	1	34
Asset and liability management positions | Other economic hedges | Interest rate contracts | Options | Buy/ Purchased
Derivative [Line Items]
Notional Value	7,810	6,085
Fair Value, Assets	186	237
Fair Value, Liabilities	0	0
Asset and liability management positions | Other economic hedges | Interest rate contracts | Options | Sell/ Written
Derivative [Line Items]
Notional Value	1,991	3,696
Fair Value, Assets	8	14
Fair Value, Liabilities	47	75
Asset and liability management positions | Other economic hedges | Foreign exchange forward contracts
Derivative [Line Items]
Notional Value	702	734
Fair Value, Assets	4	2
Fair Value, Liabilities	4	5
Asset and liability management positions | Other economic hedges | Equity contracts
Derivative [Line Items]
Notional Value	293	227
Fair Value, Assets	0	2
Fair Value, Liabilities	9	0
Asset and liability management positions | Other economic hedges | Credit contracts
Derivative [Line Items]
Notional Value	3,558	2,620
Fair Value, Assets	0	1
Fair Value, Liabilities	29	0
Asset and liability management positions | Fair value hedges | Interest rate contracts | Receive fixed/pay floating swaps
Derivative [Line Items]
Notional Value	10,600	12,100
Fair Value, Assets	0	0
Fair Value, Liabilities	0	16
Asset and liability management positions | Fair value hedges | Interest rate contracts | Pay fixed/receive floating swaps
Derivative [Line Items]
Notional Value	29,739	24,139
Fair Value, Assets	0	0
Fair Value, Liabilities	0	0
Asset and liability management positions | Cash flow hedges | Interest rate contracts | Receive fixed/pay floating swaps
Derivative [Line Items]
Notional Value	28,550	18,400
Fair Value, Assets	0	0
Fair Value, Liabilities	0	0
Asset and liability management positions | Net investment hedges | Foreign exchange forward contracts
Derivative [Line Items]
Notional Value	870	854
Fair Value, Assets	7	0
Fair Value, Liabilities	$ 0	$ 10

Derivative Instruments - Custom

Derivative Instruments - Customer-Related Derivative Positions (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Derivative [Line Items]
Notional Value	$ 1,300,000
Customer-related positions
Derivative [Line Items]
Notional Value	1,181,606	$ 1,119,842
Fair Value, Assets	6,162	6,219
Fair Value, Liabilities	7,939	8,068
Customer-related positions | Interest rate contracts | Receive fixed/pay floating swaps
Derivative [Line Items]
Notional Value	413,841	363,375
Fair Value, Assets	462	791
Fair Value, Liabilities	4,485	4,395
Customer-related positions | Interest rate contracts | Pay fixed/receive floating swaps
Derivative [Line Items]
Notional Value	363,837	330,539
Fair Value, Assets	2,342	1,817
Fair Value, Liabilities	153	280
Customer-related positions | Interest rate contracts | Other
Derivative [Line Items]
Notional Value	72,503	82,209
Fair Value, Assets	17	17
Fair Value, Liabilities	34	51
Customer-related positions | Interest rate contracts | Options | Buy/ Purchased
Derivative [Line Items]
Notional Value	96,238	102,423
Fair Value, Assets	414	1,026
Fair Value, Liabilities	2	18
Customer-related positions | Interest rate contracts | Options | Sell/ Written
Derivative [Line Items]
Notional Value	90,572	97,690
Fair Value, Assets	12	20
Fair Value, Liabilities	574	1,087
Customer-related positions | Interest rate contracts | Futures | Buy/ Purchased
Derivative [Line Items]
Notional Value	1	0
Fair Value, Assets	0	0
Fair Value, Liabilities	0	0
Customer-related positions | Interest rate contracts | Futures | Sell/ Written
Derivative [Line Items]
Notional Value	166	0
Fair Value, Assets	25	0
Fair Value, Liabilities	27	0
Customer-related positions | Foreign exchange rate contracts | Forwards, spots and swaps
Derivative [Line Items]
Notional Value	113,718	121,119
Fair Value, Assets	2,441	2,252
Fair Value, Liabilities	2,232	1,942
Customer-related positions | Options | Buy/ Purchased
Derivative [Line Items]
Notional Value	497	1,532
Fair Value, Assets	14	28
Fair Value, Liabilities	0	0
Customer-related positions | Options | Sell/ Written
Derivative [Line Items]
Notional Value	497	1,532
Fair Value, Assets	0	0
Fair Value, Liabilities	14	28
Customer-related positions | Commodity contracts | Swaps
Derivative [Line Items]
Notional Value	8,224	2,498
Fair Value, Assets	199	116
Fair Value, Liabilities	180	110
Customer-related positions | Commodity Option | Buy/ Purchased
Derivative [Line Items]
Notional Value	3,921	1,936
Fair Value, Assets	233	151
Fair Value, Liabilities	2	0
Customer-related positions | Commodity Option | Sell/ Written
Derivative [Line Items]
Notional Value	3,921	1,936
Fair Value, Assets	3	0
Fair Value, Liabilities	233	151
Customer-related positions | Credit contracts
Derivative [Line Items]
Notional Value	13,670	13,053
Fair Value, Assets	0	1
Fair Value, Liabilities	$ 3	$ 6

Derivative Instruments - Effect

Derivative Instruments - Effective Portion of Gains (Losses) Recognized in Other Comprehensive Income (Loss) and Gains (Losses) Reclassified from Other Comprehensive Income (Loss) into Earnings (Details) - Asset and liability management positions - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flow hedges | Interest rate contracts
Cash flow hedges
Gains (Losses) Recognized in Other Comprehensive Income (Loss)	$ (503)	$ (187)	$ (56)
Gains (Losses) Reclassified from Other Comprehensive Income (Loss) into Earnings	(192)	(59)	(27)
Net investment hedges | Foreign exchange forward contracts
Net investment hedges
Gains (Losses) Recognized in Other Comprehensive Income (Loss)	121	(11)	42
Gains (Losses) Reclassified from Other Comprehensive Income (Loss) into Earnings	0	0	0
Net investment hedges | Non-derivative debt instruments
Net investment hedges
Gains (Losses) Recognized in Other Comprehensive Income (Loss)	85	(33)	59
Gains (Losses) Reclassified from Other Comprehensive Income (Loss) into Earnings	$ 0	$ 0	$ 0

Derivative Instruments - Effe_2

Derivative Instruments - Effect of Fair Value and Cash Flow Hedge Accounting on Consolidated Statement of Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Interest income	$ 31,666	$ 30,007	$ 17,945
Interest expense	$ 15,377	$ 12,611	$ 3,217
OCI, Cash Flow Hedge, Reclassification for Discontinuance, Statement of Income or Comprehensive Income [Extensible Enumeration]	Changes in unrealized gains (losses)	Changes in unrealized gains (losses)	Changes in unrealized gains (losses)
Losses recognized recognized in earnings, discontinuance of cash flow hedges	$ 28	$ 28	$ 36
Asset and liability management positions | Fair value hedges | Interest income
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings, fair value hedged item	(508)	427	(139)
Asset and liability management positions | Fair value hedges | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings, fair value hedged item	98	(461)	486
Asset and liability management positions | Fair value hedges | Interest rate contracts | Interest income
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings, fair value hedging instruments	508	(430)	138
Asset and liability management positions | Fair value hedges | Interest rate contracts | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings, fair value hedging instruments	(95)	458	(482)
Asset and liability management positions | Cash flow hedges | Interest rate contracts | Interest income
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings, cash flow hedging instruments	(230)	(52)	0
Asset and liability management positions | Cash flow hedges | Interest rate contracts | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings, cash flow hedging instruments	$ (28)	$ (28)	$ 0

Derivative Instruments - Cumula

Derivative Instruments - Cumulative Hedging Adjustments and the Carrying Amount of Assets and Liabilities Designated in Fair Value Hedges (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Increase (decrease) in cumulative amount of basis adjustments	$ 13	$ 335
Available-for-sale investment securities
Derivative Instruments, Gain (Loss) [Line Items]
Carrying amount of the hedged assets	29,005	23,924
Cumulative hedging adjustment for hedged assets	(464)	(93)
Cumulative hedging adjustment asset related to discontinued hedging relationships	(72)	(149)
Hedged asset, discontinued fair value hedge	6,800	830
Amortized cost of the closed portfolios	17,500	15,600
Amortized cost of the closed portfolios designated as hedged	11,600	9,600
Increase (decrease) in cumulative amount of basis adjustments	13	335
Long-term debt
Derivative Instruments, Gain (Loss) [Line Items]
Carrying amount of the hedged liabilities	10,632	12,034
Cumulative hedging adjustment for hedged liabilities	39	(32)
Cumulative hedging adjustment liability related to discontinued hedging relationships	(18)	(116)
Hedged liability, discontinued fair value hedge	$ 14,900	$ 7,200

Derivative Instruments - Gains

Derivative Instruments - Gains (Losses) Recognized in Earnings for Other Economic Hedges and Customer-Related Positions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Customer-related positions | Interest rate contracts | Purchased and written options
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	$ (58)	$ 45	$ 20
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Commercial products revenue	Commercial products revenue	Commercial products revenue
Customer-related positions | Interest rate contracts | Futures
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	$ 0	$ (1)	$ 30
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Commercial products revenue	Commercial products revenue	Commercial products revenue
Customer-related positions | Swaps
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	$ 280	$ 185	$ 98
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Commercial products revenue	Commercial products revenue	Commercial products revenue
Customer-related positions | Credit contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	$ (3)	$ 1	$ 20
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Commercial products revenue	Commercial products revenue	Commercial products revenue
Customer-related positions | Foreign exchange rate contracts | Purchased and written options
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	$ 0	$ 1	$ 1
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Commercial products revenue	Commercial products revenue	Commercial products revenue
Customer-related positions | Foreign exchange rate contracts | Forwards, spots and swaps
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	$ 215	$ 195	$ 100
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Commercial products revenue	Commercial products revenue	Commercial products revenue
Customer-related positions | Commodity contracts | Purchased and written options
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	$ 6	$ 0	$ 0
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Commercial products revenue
Customer-related positions | Commodity contracts | Swaps
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	$ 16	$ 6	$ 0
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Commercial products revenue	Commercial products revenue	Commercial products revenue
Asset and liability management positions | Other economic hedges | Interest rate contracts | Futures and forwards
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	$ 5	$ 71	$ 407
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Mortgage banking revenue	Mortgage banking revenue	Mortgage banking revenue
Asset and liability management positions | Other economic hedges | Interest rate contracts | Purchased and written options
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	$ 195	$ 89	$ 1
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Mortgage banking revenue	Mortgage banking revenue	Mortgage banking revenue
Asset and liability management positions | Other economic hedges | Swaps
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	$ (201)	$ (19)	$ (1,010)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other	Other	Other
Asset and liability management positions | Other economic hedges | Foreign exchange forward contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	$ 23	$ (7)	$ (1)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other	Other	Other
Asset and liability management positions | Other economic hedges | Equity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	$ (4)	$ (8)	$ (8)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Compensation and employee benefits	Compensation and employee benefits	Compensation and employee benefits
Asset and liability management positions | Other economic hedges | Credit contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	$ (21)	$ 0	$ 0
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Commercial products revenue	Commercial products revenue	Commercial products revenue
Asset and liability management positions | Other economic hedges | Other
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in earnings	$ (147)	$ 1	$ (181)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other	Other	Other

Netting Arrangements for Cert_3

Netting Arrangements for Certain Financial Instruments and Securities Financing Activities - Additional Information (Details) $ in Billions	Dec. 31, 2024 USD ($)
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Notional amount of derivative	$ 1,300
Over-the-counter
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Notional amount of derivative	576.7
Centrally cleared
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Notional amount of derivative	709.5
Exchange-traded
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Notional amount of derivative	$ 1.2

Netting Arrangements for Cert_4

Netting Arrangements for Certain Financial Instruments and Securities Financing Activities - Maturities by Category of Collateral Pledged for Repurchase Agreements and Securities Loaned Transactions (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	$ 7,645	$ 3,579
Securities loaned	90	290
Gross amount of recognized liabilities	7,735	3,869
Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	7,623	3,534
Securities loaned	90	290
Gross amount of recognized liabilities	7,713	3,824
Less Than 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	22	45
Securities loaned	0	0
Gross amount of recognized liabilities	22	45
30-89 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	0	0
Securities loaned	0	0
Gross amount of recognized liabilities	0	0
Greater Than 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	0	0
Securities loaned	0	0
Gross amount of recognized liabilities	0	0
U.S. Treasury and agencies
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	5,918	2,375
U.S. Treasury and agencies | Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	5,918	2,375
U.S. Treasury and agencies | Less Than 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	0	0
U.S. Treasury and agencies | 30-89 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	0	0
U.S. Treasury and agencies | Greater Than 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	0	0
Residential mortgage-backed securities | Agency
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	319	338
Residential mortgage-backed securities | Overnight and Continuous | Agency
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	319	338
Residential mortgage-backed securities | Less Than 30 Days | Agency
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	0	0
Residential mortgage-backed securities | 30-89 Days | Agency
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	0	0
Residential mortgage-backed securities | Greater Than 90 Days | Agency
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	0	0
Corporate debt securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	1,116	821
Securities loaned	90	290
Corporate debt securities | Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	1,116	821
Securities loaned	90	290
Corporate debt securities | Less Than 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	0	0
Securities loaned	0	0
Corporate debt securities | 30-89 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	0	0
Securities loaned	0	0
Corporate debt securities | Greater Than 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	0	0
Securities loaned	0	0
Asset-backed securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	292	45
Asset-backed securities | Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	270	0
Asset-backed securities | Less Than 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	22	45
Asset-backed securities | 30-89 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	0	0
Asset-backed securities | Greater Than 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements	$ 0	$ 0

Netting Arrangements for Cert_5

Netting Arrangements for Certain Financial Instruments and Securities Financing Activities - Netting Adjustments and Items Not Offset in Consolidated Balance Sheet, Assets (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Derivative assets
Gross Recognized Assets	$ 6,422	$ 6,504
Gross Amounts Offset on the Consolidated Balance Sheet	(2,979)	(3,666)
Net Amounts Presented on the Consolidated Balance Sheet	3,443	2,838
Gross Amounts Not Offset on the Consolidated Balance Sheet, Financial Instruments	(177)	(141)
Gross Amounts Not Offset on the Consolidated Balance Sheet, Collateral Received	(5)	(3)
Net Amount	3,261	2,694
Reverse repurchase agreements
Gross Recognized Assets	6,383	2,513
Net Amounts Presented on the Consolidated Balance Sheet	6,383	2,513
Gross Amounts Not Offset on the Consolidated Balance Sheet, Financial Instruments	(851)	(568)
Gross Amounts Not Offset on the Consolidated Balance Sheet, Collateral Received	(5,508)	(1,941)
Net Amount	24	4
Securities borrowed
Gross Recognized Assets	1,516	1,802
Net Amounts Presented on the Consolidated Balance Sheet	1,516	1,802
Gross Amounts Not Offset on the Consolidated Balance Sheet, Financial Instruments	0	(14)
Gross Amounts Not Offset on the Consolidated Balance Sheet, Collateral Received	(1,453)	(1,717)
Net Amount	63	71
Total
Gross Recognized Assets	14,321	10,819
Gross Amounts Offset on the Consolidated Balance Sheet	(2,979)	(3,666)
Net Amounts Presented on the Consolidated Balance Sheet	11,342	7,153
Gross Amounts Not Offset on the Consolidated Balance Sheet, Financial Instruments	(1,028)	(723)
Gross Amounts Not Offset on the Consolidated Balance Sheet, Collateral Received	(6,966)	(3,661)
Net Amount	3,348	2,769
Cash collateral netted against derivative assets	1,900	1,600
Derivative assets not subject to netting arrangements	$ 15	$ 27

Netting Arrangements for Cert_6

Netting Arrangements for Certain Financial Instruments and Securities Financing Activities - Netting Adjustments and Items Not Offset in Consolidated Balance Sheet, Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Derivative liabilities
Gross Recognized Liabilities	$ 8,081	$ 8,217
Gross Amounts Offset on the Consolidated Balance Sheet	(2,949)	(3,720)
Net Amounts Presented on the Consolidated Balance Sheet	5,132	4,497
Gross Amounts Not Offset on the Consolidated Balance Sheet, Financial Instruments	(177)	(141)
Gross Amounts Not Offset on the Consolidated Balance Sheet, Collateral Pledged	0	0
Net Amount	4,955	4,356
Repurchase agreements
Gross Recognized Liabilities	7,645	3,579
Net Amounts Presented on the Consolidated Balance Sheet	7,645	3,579
Gross Amounts Not Offset on the Consolidated Balance Sheet, Financial Instruments	(851)	(568)
Gross Amounts Not Offset on the Consolidated Balance Sheet, Collateral Pledged	(6,787)	(3,008)
Net Amount	7	3
Securities loaned
Gross Recognized Liabilities	90	290
Net Amounts Presented on the Consolidated Balance Sheet	90	290
Gross Amounts Not Offset on the Consolidated Balance Sheet, Financial Instruments	0	(14)
Gross Amounts Not Offset on the Consolidated Balance Sheet, Collateral Pledged	(88)	(270)
Net Amount	2	6
Total
Gross Recognized Liabilities	15,816	12,086
Gross Amounts Offset on the Consolidated Balance Sheet	(2,949)	(3,720)
Net Amounts Presented on the Consolidated Balance Sheet	12,867	8,366
Gross Amounts Not Offset on the Consolidated Balance Sheet, Financial Instruments	(1,028)	(723)
Gross Amounts Not Offset on the Consolidated Balance Sheet, Collateral Pledged	(6,875)	(3,278)
Net Amount	4,964	4,365
Cash collateral netted against derivative liabilities	1,900	1,700
Derivative liabilities not subject to netting arrangements	$ 79	$ 92

Fair Values of Assets and Lia_3

Fair Values of Assets and Liabilities - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Carrying value of unfunded commitments, deferred non-yield related loan fees and standby letters of credit	$ 376	$ 489
Other guarantees carrying value	194	198
Changes in debit valuation adjustments	$ 1	0	$ 0
Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Credit valuation adjustment as percentage of derivative contract fair value	0%
Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Credit valuation adjustment as percentage of derivative contract fair value	6,313%
Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Credit valuation adjustment as percentage of derivative contract fair value	2%
Level 2 | Interest expense
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net gains (losses) where the fair value option is elected	$ 4
Mortgage Loans Held For Sale | Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net gains (losses) where the fair value option is elected	(15)	$ (46)	$ (450)
Long-Term Debt, Interest Expense | Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net gains (losses) where the fair value option is elected	$ (17)

Fair Values of Assets and Lia_4

Fair Values of Assets and Liabilities - Valuation Assumption Ranges for MSRs (Details)	Dec. 31, 2024
Expected prepayment | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
MSRs measurement inputs	0.06
Expected prepayment | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
MSRs measurement inputs	0.18
Expected prepayment | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
MSRs measurement inputs	0.09
Option adjusted spread | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
MSRs measurement inputs	0.05
Option adjusted spread | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
MSRs measurement inputs	0.11
Option adjusted spread | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
MSRs measurement inputs	0.06

Fair Values of Assets and Lia_5

Fair Values of Assets and Liabilities - Valuation Assumption Ranges for Derivative Commitments (Details)	Dec. 31, 2024
Expected loan close rate | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative commitments measurement inputs	0.25
Expected loan close rate | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative commitments measurement inputs	1
Expected loan close rate | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative commitments measurement inputs	0.83
Inherent MSR value (basis points per loan) | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative commitments measurement inputs	0.0063
Inherent MSR value (basis points per loan) | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative commitments measurement inputs	0.0196
Inherent MSR value (basis points per loan) | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative commitments measurement inputs	0.0116

Fair Values of Assets and Lia_6

Fair Values of Assets and Liabilities - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	[1]	$ 69,706	$ 85,992
Mortgage loans held for sale		2,011	2,251
Mortgage servicing rights		3,377	3,369	$ 3,755	$ 2,953
Derivative assets netting		(3,666)	(2,979)
Time deposits		2,818	5,754
Long-term debt		0	391
Derivative liabilities netting		(3,720)	(2,949)
Equity investments without readily determinable fair values		133	159
Equity investments without readily determinable fair values impairment loss cumulative amount		5
Equity investments without readily determinable fair values impairment loss		5
U.S. Treasury and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		19,542	28,387
Residential mortgage-backed securities | Agency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		26,078	33,281
Commercial mortgage-backed securities | Agency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		7,343	7,351
Commercial mortgage-backed securities | Non-agency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		6	6
Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		6,724	7,165
Obligations of state and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		9,989	9,552
Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		24	250
Fair value, measurements, recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		69,706	85,992
Mortgage loans held for sale		2,011	2,251
Mortgage servicing rights		3,377	3,369
Derivative assets netting		(3,666)	(2,979)
Derivative assets		2,865	3,458
Other assets		2,541	2,189
Total assets		80,500	97,259
Time deposits		2,818	5,754
Long-term debt			391
Derivative liabilities netting		(3,720)	(2,949)
Derivative liabilities		4,589	5,211
Short-term borrowings and other liabilities		2,303	1,935
Total liabilities		9,710	13,291
Fair value, measurements, recurring | U.S. Treasury and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		19,542	28,387
Fair value, measurements, recurring | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		26,078	33,281
Fair value, measurements, recurring | Commercial mortgage-backed securities | Agency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		7,343	7,351
Fair value, measurements, recurring | Commercial mortgage-backed securities | Non-agency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		6	6
Fair value, measurements, recurring | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		6,724	7,165
Fair value, measurements, recurring | Obligations of state and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		9,989	9,552
Fair value, measurements, recurring | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		24	250
Fair value, measurements, recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		14,787	23,891
Mortgage loans held for sale		0	0
Mortgage servicing rights		0	0
Derivative assets before netting		0	27
Other assets		550	420
Total assets		15,337	24,338
Time deposits		0	0
Long-term debt			0
Derivative liabilities before netting		16	27
Short-term borrowings and other liabilities		517	475
Total liabilities		533	502
Fair value, measurements, recurring | Level 1 | U.S. Treasury and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		14,787	23,891
Fair value, measurements, recurring | Level 1 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		0	0
Fair value, measurements, recurring | Level 1 | Commercial mortgage-backed securities | Agency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		0	0
Fair value, measurements, recurring | Level 1 | Commercial mortgage-backed securities | Non-agency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		0	0
Fair value, measurements, recurring | Level 1 | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		0	0
Fair value, measurements, recurring | Level 1 | Obligations of state and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		0	0
Fair value, measurements, recurring | Level 1 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		0	0
Fair value, measurements, recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		54,919	62,101
Mortgage loans held for sale		2,011	2,251
Mortgage servicing rights		0	0
Derivative assets before netting		5,078	5,208
Other assets		1,991	1,769
Total assets		63,999	71,329
Time deposits		2,818	5,754
Long-term debt			391
Derivative liabilities before netting		4,955	5,131
Short-term borrowings and other liabilities		1,786	1,460
Total liabilities		9,559	12,736
Fair value, measurements, recurring | Level 2 | U.S. Treasury and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		4,755	4,496
Fair value, measurements, recurring | Level 2 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		26,078	33,281
Fair value, measurements, recurring | Level 2 | Commercial mortgage-backed securities | Agency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		7,343	7,351
Fair value, measurements, recurring | Level 2 | Commercial mortgage-backed securities | Non-agency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		6	6
Fair value, measurements, recurring | Level 2 | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		6,724	7,165
Fair value, measurements, recurring | Level 2 | Obligations of state and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		9,989	9,552
Fair value, measurements, recurring | Level 2 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		24	250
Fair value, measurements, recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		0	0
Mortgage loans held for sale		0	0
Mortgage servicing rights		3,377	3,369
Derivative assets before netting		1,453	1,202
Other assets		0	0
Total assets		4,830	4,571
Time deposits		0	0
Long-term debt			0
Derivative liabilities before netting		3,338	3,002
Short-term borrowings and other liabilities		0	0
Total liabilities		3,338	3,002
Fair value, measurements, recurring | Level 3 | U.S. Treasury and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		0	0
Fair value, measurements, recurring | Level 3 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		0	0
Fair value, measurements, recurring | Level 3 | Commercial mortgage-backed securities | Agency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		0	0
Fair value, measurements, recurring | Level 3 | Commercial mortgage-backed securities | Non-agency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		0	0
Fair value, measurements, recurring | Level 3 | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		0	0
Fair value, measurements, recurring | Level 3 | Obligations of state and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		0	0
Fair value, measurements, recurring | Level 3 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		$ 0	$ 0
[1] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.

Fair Values of Assets and Lia_7

Fair Values of Assets and Liabilities - Changes in Fair Value for Assets and Liabilities Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning of Period Balance	$ (1,885)	$ (3,199)	$ 799
Net Gains (Losses) Included in Net Income	(3,829)	(2,696)	(5,940)
Purchases	1,076	552	716
Sales	(18)	(45)	(36)
Issuances	1	1	11
Settlements	2,855	3,502	1,251
End of Period Balance	(1,800)	(1,885)	(3,199)
Net Change in net derivative asset and liability unrealized gains (losses) relating to assets still held at end of period	(492)	(183)	(3,538)
Mortgage Banking Revenue
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Net Gains (Losses) Included in Net Income	200	182	(141)
Net Change in net derivative asset and liability unrealized gains (losses) relating to assets still held at end of period	$ 7	$ 15	$ 5
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Mortgage banking revenue	Mortgage banking revenue	Mortgage banking revenue
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Mortgage banking revenue	Mortgage banking revenue	Mortgage banking revenue
Commercial Products Revenue
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Net Gains (Losses) Included in Net Income	$ (3,900)	$ (2,900)	$ (5,600)
Net Change in net derivative asset and liability unrealized gains (losses) relating to assets still held at end of period	$ (352)	$ (199)	$ (3,400)
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Commercial products revenue	Commercial products revenue	Commercial products revenue
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Commercial products revenue	Commercial products revenue	Commercial products revenue
Other Noninterest Income
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Net Gains (Losses) Included in Net Income	$ (147)	$ 1	$ (181)
Net Change in net derivative asset and liability unrealized gains (losses) relating to assets still held at end of period	$ (147)	$ 1	$ (181)
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other	Other	Other
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other	Other	Other
Total available-for-sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning of Period Balance	$ 0	$ 1	$ 8
Net Gains (Losses) Included in Other Comprehensive Income (Loss)		0	(3)
Purchases		0	0
Sales		0	(4)
Principal Payments		(1)	0
Issuances		0	0
Settlements		0	0
End of Period Balance		0	1
Net Change in Unrealized Gains (Losses) Relating to Assets and Liabilities Held at End of Period		0	0
Asset-backed securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning of Period Balance		0	7
Net Gains (Losses) Included in Other Comprehensive Income (Loss)			(3)
Purchases			0
Sales			(4)
Principal Payments			0
Issuances			0
Settlements			0
End of Period Balance			0
Net Change in Unrealized Gains (Losses) Relating to Assets and Liabilities Held at End of Period			0
Obligations of state and political subdivisions
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning of Period Balance	0	1	1
Net Gains (Losses) Included in Other Comprehensive Income (Loss)		0	0
Purchases		0	0
Sales		0	0
Principal Payments		(1)	0
Issuances		0	0
Settlements		0	0
End of Period Balance		0	1
Net Change in Unrealized Gains (Losses) Relating to Assets and Liabilities Held at End of Period		0	0
Mortgage servicing rights
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning of Period Balance	3,377	3,755	2,953
Net Gains (Losses) Included in Net Income	(97)	(316)	311
Purchases	1	5	156
Sales	(188)	(440)	(255)
Issuances	276	373	590
Settlements	0	0	0
End of Period Balance	3,369	3,377	3,755
Net Change in Unrealized Gains (Losses) Relating to Assets and Liabilities Held at End of Period	$ (97)	$ (316)	$ 311
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Mortgage banking revenue	Mortgage banking revenue	Mortgage banking revenue
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Mortgage banking revenue	Mortgage banking revenue	Mortgage banking revenue

Fair Values of Assets and Lia_8

Fair Values of Assets and Liabilities - Assets Measured at Fair Value on Nonrecurring Basis (Details) - Fair value, measurements, nonrecurring - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans, net of allowance for losses	$ 636	$ 354
Other assets	25	27
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans, net of allowance for losses	0	0
Other assets	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans, net of allowance for losses	0	0
Other assets	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans, net of allowance for losses	636	354
Other assets	$ 25	$ 27

Fair Values of Assets and Lia_9

Fair Values of Assets and Liabilities - Losses Recognized Related to Nonrecurring Fair Value Measurements (Details) - Fair value, measurements, nonrecurring - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Losses recognized related to nonrecurring fair value measurements	$ 12	$ 32	$ 20
Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Losses recognized related to nonrecurring fair value measurements	$ 399	$ 368	$ 40

Fair Values of Assets and Li_10

Fair Values of Assets and Liabilities - Fair Value Option (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Fair value carrying amount, total loans	$ 2,251	$ 2,011
Aggregate unpaid principal, total loans	2,243	1,994
Carrying amount over (under) unpaid principal outstanding, total loans	8	17
Fair value carrying amount, time deposits	5,754	2,818
Aggregate unpaid principal, time deposits	5,762	2,822
Carrying amount over (under) unpaid principal outstanding, time deposits	(8)	(4)
Long-term debt	391	0
Contractual principal outstanding, long-term debt	409	0
Carrying amount over (under) contractual principal outstanding, long-term debt	(18)	0
Fair value, nonaccrual loans	1	1
Contractual principal outstanding, nonaccrual loans	1	1
Fair value, loans 90 days or more past due	4	4
Contractual principal outstanding, loans 90 days or more past due	$ 4	$ 4

Fair Values of Assets and Li_11

Fair Values of Assets and Liabilities - Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Financial Assets
Cash and due from banks	$ 56,502	$ 61,192
Investment securities held-to-maturity	66,275	74,088
Financial Liabilities
Time deposits	54,769	52,273
Long-term debt	58,002	51,480
Carrying Amount
Financial Assets
Cash and due from banks	56,502	61,192
Federal funds sold and securities purchased under resale agreements	6,380	2,543
Investment securities held-to-maturity	78,634	84,045
Loans held for sale	322	190
Loans, net of allowance for losses	372,249	366,456
Other	2,482	2,377
Financial Liabilities
Time deposits	49,015	49,455
Short-term borrowings	13,583	12,976
Long-term debt	57,611	51,480
Other	5,220	5,432
Fair Value
Financial Assets
Cash and due from banks	56,502	61,192
Federal funds sold and securities purchased under resale agreements	6,380	2,543
Investment securities held-to-maturity	66,275	74,088
Loans held for sale	322	190
Loans, net of allowance for losses	365,628	362,849
Other	2,482	2,377
Financial Liabilities
Time deposits	49,156	49,607
Short-term borrowings	13,419	12,729
Long-term debt	56,441	49,697
Other	5,220	5,432
Fair Value | Level 1
Financial Assets
Cash and due from banks	56,502	61,192
Federal funds sold and securities purchased under resale agreements	0	0
Investment securities held-to-maturity	1,275	1,310
Loans held for sale	0	0
Loans, net of allowance for losses	0	0
Other	0	0
Financial Liabilities
Time deposits	0	0
Short-term borrowings	0	0
Long-term debt	0	0
Other	0	0
Fair Value | Level 2
Financial Assets
Cash and due from banks	0	0
Federal funds sold and securities purchased under resale agreements	6,380	2,543
Investment securities held-to-maturity	65,000	72,778
Loans held for sale	0	0
Loans, net of allowance for losses	0	0
Other	1,767	1,863
Financial Liabilities
Time deposits	49,156	49,607
Short-term borrowings	13,419	12,729
Long-term debt	56,441	49,697
Other	1,369	1,406
Fair Value | Level 3
Financial Assets
Cash and due from banks	0	0
Federal funds sold and securities purchased under resale agreements	0	0
Investment securities held-to-maturity	0	0
Loans held for sale	322	190
Loans, net of allowance for losses	365,628	362,849
Other	715	514
Financial Liabilities
Time deposits	0	0
Short-term borrowings	0	0
Long-term debt	0	0
Other	$ 3,851	$ 4,026

Guarantees and Contingent Lia_3

Guarantees and Contingent Liabilities - Contract or Notional Amounts of Unfunded Commitments to Extend Credit (Details) $ in Millions	Dec. 31, 2024 USD ($)
Commercial and commercial real estate loans
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	$ 185,733
Corporate and purchasing card loans
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	35,687
Residential mortgages
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	226
Retail credit card loans
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	137,404
Other retail loans
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	42,605
Other
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	7,736
Less Than One Year | Commercial and commercial real estate loans
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	46,760
Less Than One Year | Corporate and purchasing card loans
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	35,687
Less Than One Year | Residential mortgages
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	226
Less Than One Year | Retail credit card loans
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	137,404
Less Than One Year | Other retail loans
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	16,460
Less Than One Year | Other
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	7,736
Greater Than One Year | Commercial and commercial real estate loans
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	138,973
Greater Than One Year | Corporate and purchasing card loans
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	0
Greater Than One Year | Residential mortgages
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	0
Greater Than One Year | Retail credit card loans
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	0
Greater Than One Year | Other retail loans
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	26,145
Greater Than One Year | Other
Other Commitments [Line Items]
Contract or notional amounts of unfunded commitments to extend credit	$ 0

Guarantees and Contingent Lia_4

Guarantees and Contingent Liabilities - Other Guarantees and Contingent Liabilities (Details) $ in Millions	Dec. 31, 2024 USD ($)
Other
Guarantor Obligations [Line Items]
Collateral Held	$ 0
Carrying Amount	21
Maximum Potential Future Payments	3,245
Standby letters of credit
Guarantor Obligations [Line Items]
Collateral Held	0
Carrying Amount	23
Maximum Potential Future Payments	10,522
Third party borrowing arrangements
Guarantor Obligations [Line Items]
Collateral Held	0
Carrying Amount	0
Maximum Potential Future Payments	1
Securities lending indemnifications
Guarantor Obligations [Line Items]
Collateral Held	6,862
Carrying Amount	0
Maximum Potential Future Payments	6,681
Asset sales
Guarantor Obligations [Line Items]
Collateral Held	0
Carrying Amount	112
Maximum Potential Future Payments	12,650
Merchant processing
Guarantor Obligations [Line Items]
Collateral Held	816
Carrying Amount	61
Maximum Potential Future Payments	$ 144,713

Guarantees and Contingent Lia_5

Guarantees and Contingent Liabilities - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
USB Capital, IX, a wholly-owned unconsolidated trust
Guarantor Obligations [Line Items]
Maximum potential future payments guaranteed	$ 684
Percentage of common equity in wholly owned USB Capital IX	100%
Assets held in trust	$ 685
Operations of subsidiaries
Guarantor Obligations [Line Items]
Maximum potential future payments guaranteed	2,600
Standby letters of credit
Guarantor Obligations [Line Items]
Maximum potential future payments guaranteed	$ 10,522
Term of guaranteed obligations	14 months
Fair value of guaranteed obligations	$ 23
Collateral held for guaranteed obligations	0
Third party borrowing arrangements
Guarantor Obligations [Line Items]
Maximum potential future payments guaranteed	1
Fair value of guaranteed obligations	0
Collateral held for guaranteed obligations	0
Securities lending indemnifications
Guarantor Obligations [Line Items]
Maximum potential future payments guaranteed	6,681
Fair value of guaranteed obligations	0
Collateral held for guaranteed obligations	6,862
Asset sales
Guarantor Obligations [Line Items]
Maximum potential future payments guaranteed	12,650
Fair value of guaranteed obligations	112
Collateral held for guaranteed obligations	0
Syndication of tax-advantaged investments
Guarantor Obligations [Line Items]
Fair value of guaranteed obligations	103
Representation and warranty
Guarantor Obligations [Line Items]
Fair value of guaranteed obligations	9	$ 13
Unresolved claims	15	$ 18
Merchant processing
Guarantor Obligations [Line Items]
Maximum potential future payments guaranteed	144,713
Fair value of guaranteed obligations	61
Collateral held for guaranteed obligations	816
Airline processing arrangements
Guarantor Obligations [Line Items]
Fair value of guaranteed obligations	40
Value of airline tickets purchased to deliver at future date through card transactions	12,000
Airline processing arrangements | Escrow deposits letters of credit and indemnities
Guarantor Obligations [Line Items]
Collateral held for guaranteed obligations	689
Unresolved merchant charge-backs
Guarantor Obligations [Line Items]
Fair value of guaranteed obligations	21
Unresolved merchant charge-backs | Merchant escrow deposits
Guarantor Obligations [Line Items]
Collateral held for guaranteed obligations	$ 127

Guarantees and Contingent Lia_6

Guarantees and Contingent Liabilities - Contract or Notional Amount of Letters of Credit (Details) $ in Millions	Dec. 31, 2024 USD ($)
Commercial
Letters Of Credit [Line Items]
Contract or notional amount of letters of credit	$ 462
Commercial | Less Than One Year
Letters Of Credit [Line Items]
Contract or notional amount of letters of credit	441
Commercial | Greater Than One Year
Letters Of Credit [Line Items]
Contract or notional amount of letters of credit	21
Standby
Letters Of Credit [Line Items]
Contract or notional amount of letters of credit	10,522
Standby | Less Than One Year
Letters Of Credit [Line Items]
Contract or notional amount of letters of credit	7,105
Standby | Greater Than One Year
Letters Of Credit [Line Items]
Contract or notional amount of letters of credit	$ 3,417

Business Segments - Results by

Business Segments - Results by Business Segment (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) branch	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Segment Reporting [Abstract]
Number of reportable segments | branch	3
Segment Reporting Information [Line Items]
Net interest income (taxable-equivalent basis)	$ 16,409	$ 17,527	$ 14,846
Noninterest income	11,046	10,617	9,456
Total net revenue	27,455	28,144	24,302
Compensation and employee benefits	10,554	10,416	9,157
Other intangibles	569	636	215
Net shared services	0	0	0
Other expense	6,065	7,821	5,534
Total noninterest expense	17,188	18,873	14,906
Income (loss) before provision and income taxes	10,267	9,271	9,396
Provision for credit losses	2,238	2,275	1,977
Income (loss) before income taxes	8,029	6,996	7,419
Income taxes and taxable-equivalent adjustment	1,700	1,538	1,581
Net income (loss)	6,329	5,458	5,838
Net (income) loss attributable to noncontrolling interests	(30)	(29)	(13)
Net income attributable to U.S. Bancorp	6,299	5,429	5,825
Taxable-equivalent adjustment to net interest income	120	131	118
Wealth, Corporate, Commercial and Institutional Banking
Segment Reporting Information [Line Items]
Net interest income (taxable-equivalent basis)	7,645	7,862	5,680
Noninterest income	4,548	4,141	3,561
Total net revenue	12,193	12,003	9,241
Compensation and employee benefits	2,191	2,151	1,803
Other intangibles	206	230	37
Net shared services	2,116	2,132	1,547
Other expense	936	931	748
Total noninterest expense	5,449	5,444	4,135
Income (loss) before provision and income taxes	6,744	6,559	5,106
Provision for credit losses	385	340	154
Income (loss) before income taxes	6,359	6,219	4,952
Income taxes and taxable-equivalent adjustment	1,590	1,555	1,239
Net income (loss)	4,769	4,664	3,713
Net (income) loss attributable to noncontrolling interests	0	0	0
Net income attributable to U.S. Bancorp	4,769	4,664	3,713
Consumer and Business Banking
Segment Reporting Information [Line Items]
Net interest income (taxable-equivalent basis)	7,658	8,683	7,266
Noninterest income	1,606	1,675	1,536
Total net revenue	9,264	10,358	8,802
Compensation and employee benefits	2,221	2,305	2,041
Other intangibles	266	292	42
Net shared services	2,800	2,956	2,655
Other expense	1,282	1,316	1,041
Total noninterest expense	6,569	6,869	5,779
Income (loss) before provision and income taxes	2,695	3,489	3,023
Provision for credit losses	182	78	75
Income (loss) before income taxes	2,513	3,411	2,948
Income taxes and taxable-equivalent adjustment	629	854	738
Net income (loss)	1,884	2,557	2,210
Net (income) loss attributable to noncontrolling interests	0	0	0
Net income attributable to U.S. Bancorp	1,884	2,557	2,210
Payment Services
Segment Reporting Information [Line Items]
Net interest income (taxable-equivalent basis)	2,831	2,609	2,504
Noninterest income	4,198	4,055	3,794
Total net revenue	7,029	6,664	6,298
Compensation and employee benefits	906	869	835
Other intangibles	97	114	136
Net shared services	2,126	2,017	1,656
Other expense	926	920	898
Total noninterest expense	4,055	3,920	3,525
Income (loss) before provision and income taxes	2,974	2,744	2,773
Provision for credit losses	1,614	1,394	980
Income (loss) before income taxes	1,360	1,350	1,793
Income taxes and taxable-equivalent adjustment	340	337	448
Net income (loss)	1,020	1,013	1,345
Net (income) loss attributable to noncontrolling interests	0	0	0
Net income attributable to U.S. Bancorp	1,020	1,013	1,345
Rewards and rebate costs and certain partner payments	3,100	3,000	2,900
Revenue generated from certain contracts with customers	9,200	8,800	8,000
Treasury and Corporate Support
Segment Reporting Information [Line Items]
Net interest income (taxable-equivalent basis)	(1,725)	(1,627)	(604)
Noninterest income	694	746	565
Total net revenue	(1,031)	(881)	(39)
Compensation and employee benefits	5,236	5,091	4,478
Other intangibles	0	0	0
Net shared services	(7,042)	(7,105)	(5,858)
Other expense	2,921	4,654	2,847
Total noninterest expense	1,115	2,640	1,467
Income (loss) before provision and income taxes	(2,146)	(3,521)	(1,506)
Provision for credit losses	57	463	768
Income (loss) before income taxes	(2,203)	(3,984)	(2,274)
Income taxes and taxable-equivalent adjustment	(859)	(1,208)	(844)
Net income (loss)	(1,344)	(2,776)	(1,430)
Net (income) loss attributable to noncontrolling interests	(30)	(29)	(13)
Net income attributable to U.S. Bancorp	$ (1,374)	$ (2,805)	$ (1,443)

Business Segments - Average Bal

Business Segments - Average Balance by Business Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Loans	$ 373,875	$ 381,275	$ 333,573
Other earning assets	232,766	223,924	211,770
Goodwill	12,508	12,475	10,189
Other intangible assets	5,806	6,639	4,577
Assets	664,014	663,440	592,149
Noninterest-bearing deposits	83,007	107,768	120,394
Interest-bearing deposits	426,508	397,895	341,990
Total deposits	509,515	505,663	462,384
Total U.S. Bancorp shareholders’ equity	57,206	53,660	50,416
Wealth, Corporate, Commercial and Institutional Banking
Segment Reporting Information [Line Items]
Loans	172,466	175,836	150,512
Other earning assets	10,122	6,613	4,771
Goodwill	4,825	4,682	3,634
Other intangible assets	981	1,007	365
Assets	201,362	202,701	169,554
Noninterest-bearing deposits	56,760	70,908	82,671
Interest-bearing deposits	214,622	203,038	175,345
Total deposits	271,382	273,946	258,016
Total U.S. Bancorp shareholders’ equity	21,438	22,366	18,159
Consumer and Business Banking
Segment Reporting Information [Line Items]
Loans	155,088	162,012	144,441
Other earning assets	2,410	2,388	3,117
Goodwill	4,326	4,466	3,250
Other intangible assets	4,539	5,264	3,784
Assets	168,913	179,247	160,174
Noninterest-bearing deposits	20,810	30,967	31,719
Interest-bearing deposits	200,611	185,712	163,190
Total deposits	221,421	216,679	194,909
Total U.S. Bancorp shareholders’ equity	14,426	16,026	12,678
Payment Services
Segment Reporting Information [Line Items]
Loans	41,081	38,471	34,627
Other earning assets	142	97	634
Goodwill	3,357	3,327	3,305
Other intangible assets	277	352	423
Assets	47,169	44,291	41,072
Noninterest-bearing deposits	2,685	2,981	3,410
Interest-bearing deposits	96	103	162
Total deposits	2,781	3,084	3,572
Total U.S. Bancorp shareholders’ equity	10,005	9,310	8,233
Treasury and Corporate Support
Segment Reporting Information [Line Items]
Loans	5,240	4,956	3,993
Other earning assets	220,092	214,826	203,248
Goodwill	0	0	0
Other intangible assets	9	16	5
Assets	246,570	237,201	221,349
Noninterest-bearing deposits	2,752	2,912	2,594
Interest-bearing deposits	11,179	9,042	3,293
Total deposits	13,931	11,954	5,887
Total U.S. Bancorp shareholders’ equity	$ 11,337	$ 5,958	$ 11,346

U.S. Bancorp (Parent Company) -

U.S. Bancorp (Parent Company) - Condensed Balance Sheet (Details) - USD ($) $ in Millions		Dec. 31, 2024	Dec. 31, 2023
Assets
Available-for-sale securities	[1]	$ 85,992	$ 69,706
Other assets	[1]	60,720	57,695
Total assets		678,318	663,491
Liabilities and Shareholders’ Equity
Other liabilities		27,449	28,649
Shareholders’ equity		58,578	55,306
Total liabilities and equity		678,318	663,491
Parent Company
Assets
Due from banks, principally interest-bearing		9,377	11,585
Available-for-sale securities		649	662
Other assets		945	974
Total assets		95,183	90,859
Liabilities and Shareholders’ Equity
Long-term debt		35,257	34,332
Other liabilities		1,348	1,221
Shareholders’ equity		58,578	55,306
Total liabilities and equity		95,183	90,859
Parent Company | Bank subsidiaries
Assets
Investments in subsidiaries		63,680	61,495
Advances to subsidiaries		16,100	12,100
Parent Company | Nonbank subsidiaries
Assets
Investments in subsidiaries		4,031	3,884
Advances to subsidiaries		$ 401	$ 159
[1] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.

U.S. Bancorp (Parent Company)_2

U.S. Bancorp (Parent Company) - Condensed Income Statement (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income
Other income	$ 641	$ 758	$ 273
Total net revenue	27,455	28,144	24,302
Expense
Interest expense	15,377	12,611	3,217
Other expense	1,480	2,211	1,398
Income before income taxes	7,909	6,865	7,301
Applicable income taxes	1,580	1,407	1,463
Net income (loss) attributable to U.S. Bancorp	6,299	5,429	5,825
Parent Company
Income
Interest from subsidiaries	1,224	606	119
Other income	24	51	31
Total net revenue	6,059	5,537	5,005
Expense
Interest expense	1,663	1,336	505
Other expense	178	137	162
Total expense	1,841	1,473	667
Income before income taxes	4,218	4,064	4,338
Applicable income taxes	(95)	(170)	(138)
Income of parent company	4,313	4,234	4,476
Equity in undistributed income of subsidiaries	1,986	1,195	1,349
Net income (loss) attributable to U.S. Bancorp	6,299	5,429	5,825
Parent Company | Bank subsidiaries
Income
Dividends from subsidiaries	4,800	4,869	4,750
Parent Company | Nonbank subsidiaries
Income
Dividends from subsidiaries	$ 11	$ 11	$ 105

U.S. Bancorp (Parent Company)_3

U.S. Bancorp (Parent Company) - Condensed Statement of Cash Flows (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Operating Activities
Net income attributable to U.S. Bancorp	$ 6,299	$ 5,429	$ 5,825
Adjustments to reconcile net income to net cash provided by operating activities
Other, net	2,075	(151)	6,790
Net cash provided by operating activities	11,273	8,447	21,119
Investing Activities
Other, net	(1,835)	(1,184)	(5,392)
Net cash (used in) provided by investing activities	(24,534)	18,925	7,500
Financing Activities
Proceeds from issuance of long-term debt	12,017	15,583	8,732
Principal payments or redemption of long-term debt	(6,042)	(4,084)	(6,926)
Proceeds from issuance of preferred stock	0	0	437
Proceeds from issuance of common stock	32	951	21
Repurchase of preferred stock	0	0	(1,100)
Repurchase of common stock	(173)	(62)	(69)
Cash dividends paid on preferred stock	(356)	(341)	(299)
Cash dividends paid on common stock	(3,092)	(2,970)	(2,776)
Net cash provided by (used in) financing activities	8,571	(19,722)	(3,982)
Change in cash and due from banks	(4,690)	7,650	24,637
Cash and due from banks at beginning of period	61,192
Cash and due from banks at end of period	56,502	61,192
Parent Company
Operating Activities
Net income attributable to U.S. Bancorp	6,299	5,429	5,825
Adjustments to reconcile net income to net cash provided by operating activities
Equity in undistributed income of subsidiaries	(1,986)	(1,195)	(1,349)
Other, net	385	83	(398)
Net cash provided by operating activities	4,698	4,317	4,078
Investing Activities
Proceeds from sales and maturities of investment securities	11	25	423
Investments in subsidiaries	0	0	(5,030)
Net (increase) decrease in short-term advances to subsidiaries	(242)	(9)	557
Long-term advances to subsidiaries	(5,500)	(7,500)	(2,000)
Principal collected on long-term advances to subsidiaries	1,500	4,500	2,500
Cash paid for acquisition	0	0	(5,500)
Other, net	16	172	(173)
Net cash (used in) provided by investing activities	(4,215)	(2,812)	(9,223)
Financing Activities
Proceeds from issuance of long-term debt	6,516	8,150	8,150
Principal payments or redemption of long-term debt	(5,618)	(936)	(2,300)
Proceeds from issuance of preferred stock	0	0	437
Proceeds from issuance of common stock	32	951	21
Repurchase of preferred stock	0	0	(1,100)
Repurchase of common stock	(173)	(62)	(69)
Cash dividends paid on preferred stock	(356)	(341)	(299)
Cash dividends paid on common stock	(3,092)	(2,970)	(2,776)
Net cash provided by (used in) financing activities	(2,691)	4,792	2,064
Change in cash and due from banks	(2,208)	6,297	(3,081)
Cash and due from banks at beginning of period	11,585	5,288	8,369
Cash and due from banks at end of period	$ 9,377	$ 11,585	$ 5,288

U.S. Bancorp (Parent Company)_4

U.S. Bancorp (Parent Company) - Additional Information (Details)	Dec. 31, 2024
Receivables
Loan Limits to the company or individual affiliate	10%
Maximum limit of loans to the Company and all affiliates	20%