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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/20/20 US Bancorp/DE 10-K 12/31/19 194:45M Donnelley … Solutions/FA |
Document/Exhibit Description Pages Size 1: 10-K Annual Report HTML 312K 2: EX-4.2 Instrument Defining the Rights of Security Holders HTML 309K 3: EX-10.36 Material Contract HTML 101K 4: EX-10.37 Material Contract HTML 83K 5: EX-13 Annual or Quarterly Report to Security Holders HTML 5.28M 6: EX-21 Subsidiaries List HTML 63K 7: EX-23 Consent of Experts or Counsel HTML 64K 8: EX-24 Power of Attorney HTML 68K 9: EX-31.1 Certification -- §302 - SOA'02 HTML 66K 10: EX-31.2 Certification -- §302 - SOA'02 HTML 66K 11: EX-32 Certification -- §906 - SOA'02 HTML 60K 112: R1 Cover Page HTML 140K 46: R2 Consolidated Balance Sheet HTML 171K 74: R3 Consolidated Balance Sheet (Parenthetical) HTML 81K 172: R4 Consolidated Statement of Income HTML 187K 111: R5 Consolidated Statement of Comprehensive Income HTML 108K 45: R6 Consolidated Statement of Shareholders' Equity HTML 135K 72: R7 Consolidated Statement of Shareholders' Equity HTML 77K (Parenthetical) 173: R8 Consolidated Statement of Cash Flows HTML 170K 107: R9 Significant Accounting Policies HTML 137K 185: R10 Accounting Changes HTML 70K 122: R11 Restrictions on Cash and Due from Banks HTML 66K 59: R12 Investment Securities HTML 409K 83: R13 Loans and Allowance for Credit Losses HTML 662K 187: R14 Leases HTML 123K 124: R15 Accounting for Transfers and Servicing of HTML 87K Financial Assets and Variable Interest Entities 61: R16 Premises and Equipment HTML 80K 85: R17 Mortgage Servicing Rights HTML 188K 190: R18 Intangible Assets HTML 157K 121: R19 Deposits HTML 88K 20: R20 Short-Term Borrowings HTML 136K 86: R21 Long-Term Debt HTML 156K 155: R22 Shareholder' Equity HTML 462K 134: R23 Earnings Per Share HTML 92K 22: R24 Employee Benefits HTML 440K 88: R25 Stock-Based Compensation HTML 213K 157: R26 Income Taxes HTML 183K 136: R27 Derivative Instruments HTML 487K 19: R28 Netting Arrangements for Certain Financial HTML 266K Instruments and Securities Financing Activities 91: R29 Fair Values of Assets and Liabilities HTML 599K 81: R30 Guarantees and Contingent Liabilities HTML 156K 55: R31 Business Segments HTML 435K 128: R32 U.S. Bancorp (Parent Company) HTML 236K 193: R33 Subsequent Events HTML 65K 79: R34 Significant Accounting Policies (Policies) HTML 238K 53: R35 Investment Securities (Tables) HTML 408K 126: R36 Loans and Allowance for Credit Losses (Tables) HTML 671K 191: R37 Leases (Tables) HTML 125K 76: R38 Accounting for Transfers and Servicing of HTML 69K Financial Assets and Variable Interest Entities (Tables) 56: R39 Premises and Equipment (Tables) HTML 79K 105: R40 Mortgage Servicing Rights (Tables) HTML 189K 35: R41 Intangible Assets (Tables) HTML 163K 139: R42 Deposits (Tables) HTML 87K 160: R43 Short-Term Borrowings (Tables) HTML 135K 103: R44 Long-Term Debt (Tables) HTML 160K 33: R45 Shareholder' Equity (Tables) HTML 456K 137: R46 Earnings Per Share (Tables) HTML 91K 158: R47 Employee Benefits (Tables) HTML 445K 100: R48 Stock-Based Compensation (Tables) HTML 216K 36: R49 Income Taxes (Tables) HTML 182K 48: R50 Derivative Instruments (Tables) HTML 486K 67: R51 Netting Arrangements for Certain Financial HTML 262K Instruments and Securities Financing Activities (Tables) 175: R52 Fair Values of Assets and Liabilities (Tables) HTML 581K 108: R53 Guarantees and Contingent Liabilities (Tables) HTML 118K 50: R54 Business Segments (Tables) HTML 426K 69: R55 U.S. Bancorp (Parent Company) (Tables) HTML 233K 177: R56 Accounting Changes - Additional Information HTML 68K (Detail) 110: R57 Restrictions on Cash and Due from Banks - HTML 64K Additional Information (Detail) 47: R58 Investment Securities - Available-for-Sale and HTML 123K Held-to-Maturity (Detail) 75: R59 Investment Securities - Amount of Interest Income HTML 67K from Taxable and Non-Taxable Investment Securities (Detail) 164: R60 Investment Securities - Amount of Gross Gains and HTML 70K Losses Realized through Sales of Available-for-Sale Investment Securities (Detail) 146: R61 Investment Securities - Additional Information HTML 72K (Detail) 28: R62 Investment Securities - Gross Unrealized Losses HTML 92K and Fair Value of Company's Investment Securities (Detail) 96: R63 Investment Securities - Amortized Cost, Fair Value HTML 153K and Yield by Maturity Date (Detail) 166: R64 Investment Securities - Amortized Cost, Fair Value HTML 68K and Yield by Maturity Date (Parenthetical) (Detail) 148: R65 Loans and Allowance for Credit Losses - HTML 102K Composition of Loan Portfolio (Detail) 30: R66 Loans and Allowance for Credit Losses - Additional HTML 106K Information (Detail) 98: R67 Loans and Allowance for Credit Losses - Activity HTML 104K in Allowance for Credit Losses by Portfolio Class (Detail) 171: R68 Loans and Allowance for Credit Losses - Additional HTML 117K Detail of Allowance for Credit Losses and Related Loan Balances by Portfolio Class (Detail) 144: R69 Loans and Allowance for Credit Losses - Summary of HTML 92K Loans by Portfolio Class, Including Delinquency Status of those that Continue to Accrue Interest and are Nonperforming (Detail) 116: R70 Loans and Allowance for Credit Losses - Summary of HTML 66K Loans by Portfolio Class, Including Delinquency Status of those that Continue to Accrue Interest and are Nonperforming (Parenthetical) (Detail) 183: R71 Loans and Allowance for Credit Losses - Summary of HTML 108K Loans by Portfolio Class and Company's Internal Credit Quality Rating (Detail) 65: R72 Loans and Allowance for Credit Losses - Summary of HTML 65K Loans by Portfolio Class and Company's Internal Credit Quality Rating (Parenthetical) (Detail) 42: R73 Loans and Allowance for Credit Losses - Summary of HTML 93K Impaired Loans, which Include Nonaccrual and TDR Loans, by Portfolio Class (Detail) 115: R74 Loans and Allowance for Credit Losses - Summary of HTML 64K Impaired Loans, which Include Nonaccrual and TDR Loans, by Portfolio Class (Parenthetical) (Detail) 182: R75 Loans and Allowance for Credit Losses - Impaired HTML 89K Loans Average Recorded Investment and Interest Income Recognized (Detail) 63: R76 Loans and Allowance for Credit Losses - Summary of HTML 94K Loans Modified as TDRs (Detail) 40: R77 Loans and Allowance for Credit Losses - Summary of HTML 88K Loans Modified as TDRs in the Past Twelve Months that have Subsequently Defaulted (Detail) 118: R78 Leases - Additional Information (Detail) HTML 68K 178: R79 Leases - Components of Net Investment in Sales - HTML 67K Type and Direct Financing Leases (Detail) 117: R80 Leases - Contractual Future Lease Payments to be HTML 99K Received (Detail) 184: R81 Leases - Summary of Amounts Relevant to Company's HTML 73K Assets Leased for Use in its Operations (Detail) 66: R82 Leases - Summary of Weighted-Average Remaining HTML 70K Lease Terms and Discount Rates (Detail) 43: R83 Leases - Schedule of Contractual Future Lease HTML 99K Obligations (Detail) 113: R84 Accounting for Transfers and Servicing of HTML 113K Financial Assets and Variable Interest Entities - Additional Information (Detail) 180: R85 Accounting for Transfers and Servicing of HTML 70K Financial Assets and Variable Interest Entities - Summary of Investments in Community Development and Tax-advantaged VIEs (Detail) 62: R86 Premises and Equipment - Premises and Equipment HTML 83K (Detail) 39: R87 Mortgage Servicing Rights - Additional Information HTML 67K (Detail) 119: R88 Mortgage Servicing Rights - Changes in Fair Value HTML 78K of Capitalized MSRs (Detail) 179: R89 Mortgage Servicing Rights - Sensitivity to Changes HTML 85K in Interest Rates of the Fair Value of MSR Portfolio and Related Derivative Instruments (Detail) 163: R90 Mortgage Servicing Rights - MSRs and Related HTML 105K Characteristics by Portfolio (Detail) 145: R91 Intangible Assets - Intangible Assets (Detail) HTML 98K 26: R92 Intangible Assets - Aggregate Amortization Expense HTML 73K (Detail) 94: R93 Intangible Assets - Estimated Amortization Expense HTML 72K (Detail) 168: R94 Intangible Assets - Changes in Carrying Value of HTML 83K Goodwill (Detail) 150: R95 Deposits - Composition of Deposits (Detail) HTML 79K 31: R96 Deposits - Maturities of Time Deposits Outstanding HTML 77K (Detail) 99: R97 Short-Term Borrowings - Summary of Short-Term HTML 88K Borrowings (Detail) 170: R98 Short-Term Borrowings - Summary of Short-Term HTML 64K Borrowings (Parenthetical) (Detail) 142: R99 Long-Term Debt - Summary of Long-term Debt HTML 123K (Detail) 152: R100 Long-Term Debt - Summary of Long-term Debt HTML 67K (Parenthetical) (Detail) 130: R101 Long-Term Debt - Additional Information (Detail) HTML 64K 24: R102 Long-Term Debt - Maturities of Long-term Debt HTML 80K Outstanding (Detail) 92: R103 Shareholders' Equity - Additional Information HTML 145K (Detail) 153: R104 Shareholders' Equity - Number of Shares Issued and HTML 92K Outstanding and Carrying Amount of Preferred Stock (Detail) 131: R105 Shareholders' Equity - Number of Shares Issued and HTML 62K Outstanding and Carrying Amount of Preferred Stock (Parenthetical) (Detail) 25: R106 Shareholders' Equity - Common Stock Repurchased HTML 67K (Detail) 93: R107 Shareholders' Equity - Reconciliation of HTML 117K Transactions Affecting Accumulated Other Comprehensive Income (Loss) Included in Shareholders' Equity (Detail) 151: R108 Shareholders' Equity - Impact to Net Income for HTML 97K Items Reclassified out of Accumulated Other Comprehensive Income and into Earnings (Detail) 132: R109 Shareholders' Equity - Components of Company's HTML 160K Regulatory Capital Requirements Under Banking Regulations (Detail) 125: R110 Shareholders' Equity - Components of Company's HTML 63K Regulatory Capital Requirements Under Banking Regulations (Detail) (Parenthetical) 188: R111 Earnings Per Share - Components of Earnings Per HTML 97K Share (Detail) 84: R112 Earnings Per Share - Additional Information HTML 65K (Detail) 60: R113 Employee Benefits - Additional Information HTML 114K (Detail) 123: R114 Employee Benefits - Summary of Changes in HTML 142K Projected Benefit Obligation, Plan Assets, Funded Status, Amounts Recognized in Consolidated Balance Sheet and Accumulated Other Comprehensive Income (Loss) (Detail) 186: R115 Employee Benefits - Summary of Changes in HTML 64K Projected Benefit Obligation, Plan Assets, Funded Status, Amounts Recognized in Consolidated Balance Sheet and Accumulated Other Comprehensive Income (Loss) (Parenthetical) (Detail) 82: R116 Employee Benefits - Pension Plans with Benefit HTML 70K Obligations in Excess of Plan Assets (Detail) 58: R117 Employee Benefits - Components of Net Periodic HTML 102K Benefit Cost and Other Amounts Recognized in Accumulated Other Comprehensive Income (Loss) (Detail) 120: R118 Employee Benefits - Weighted Average Assumptions HTML 80K to Determine Projected Benefit Obligations (Detail) 189: R119 Employee Benefits - Weighted Average Assumptions HTML 80K to Determine Projected Benefit Obligations (Parenthetical) (Detail) 89: R120 Employee Benefits - Weighted Average Assumptions HTML 85K Used to Determine Net Periodic Benefit Cost (Detail) 23: R121 Employee Benefits - Weighted Average Assumptions HTML 82K Used to Determine Net Periodic Benefit Cost (Parenthetical) (Detail) 135: R122 Employee Benefits - Summary of Plan Investment HTML 125K Assets Measured at Fair Value (Detail) 156: R123 Employee Benefits - Summary of Plan Investment HTML 71K Assets Measured at Fair Value (Parenthetical) (Detail) 87: R124 Employee Benefits - Summarizes Changes for HTML 70K Qualified Pension Plan Investment Assets Measured at Fair Value Using Significant Unobservable Inputs (Level 3) (Detail) 21: R125 Employee Benefits - Expected Future Benefit HTML 82K Payments (Detail) 133: R126 Stock-Based Compensation - Additional Information HTML 81K (Detail) 154: R127 Stock-Based Compensation - Summary of Stock HTML 100K Options Outstanding and Exercised Under Prior and Existing Stock Incentive Plans (Detail) 90: R128 Stock-Based Compensation - Weighted-Average HTML 73K Estimated Fair Value of Stock Options Granted and Assumptions Utilized by Company for Newly Issued Grants (Detail) 17: R129 Stock-Based Compensation - Summary of Certain HTML 71K Stock Option Activity (Detail) 52: R130 Stock-Based Compensation - Stock Options HTML 111K Outstanding Additional Information (Detail) 78: R131 Stock-Based Compensation - Summary of Company's HTML 84K Restricted Shares of Stock and Unit Awards (Detail) 192: R132 Income Taxes - Components of Income Tax Expense HTML 85K (Detail) 127: R133 Income Taxes - Additional Information (Detail) HTML 90K 54: R134 Income Taxes - Reconciliation of Expected Income HTML 86K Tax Expense at Federal Statutory Rate of 21 Percent and 35 Percent to Company's Applicable Income Tax Expense (Detail) 80: R135 Income Taxes - Reconciliation of Expected Income HTML 68K Tax Expense at Federal Statutory Rate of 21 Percent and 35 Percent to Company's Applicable Income Tax Expense (Parenthetical) (Detail) 194: R136 Income Taxes - Reconciliation of Changes in HTML 73K Federal, State and Foreign Unrecognized Tax Position Balances (Detail) 129: R137 Income Taxes - Significant Components of the HTML 118K Company's Net Deferred Tax Asset (Liability) (Detail) 57: R138 Derivative Instruments - Additional Information HTML 78K (Detail) 77: R139 Derivative Instruments - Asset and Liability HTML 123K Management Derivative Positions of Company (Detail) 32: R140 Derivative Instruments - Asset and Liability HTML 76K Management Derivative Positions of Company (Parenthetical) (Detail) 102: R141 Derivative Instruments - Customer-Related HTML 118K Derivative Positions of Company (Detail) 159: R142 Derivative Instruments - Summary of Effective HTML 79K Portion of Gains (Losses) Recognized in Other Comprehensive Income (Loss) and Gains (Losses) Reclassified from Other Comprehensive Income (Loss) into Earnings (Detail) 138: R143 Derivative Instruments - Effect of Fair Value and HTML 86K Cash Flow Hedge Accounting Included in Interest Expense on Consolidated Statement of Income (Detail) 34: R144 Derivative Instruments - Summary of Cumulative HTML 67K Hedging Adjustments and the Carrying Amount of Assets (Liabilities) Designated in Fair Value Hedges (Detail) 104: R145 Derivative Instruments - Summary of Cumulative HTML 65K Hedging Adjustments and the Carrying Amount of Assets (Liabilities) Designated in Fair Value Hedges (Parenthetical) (Detail) 161: R146 Derivative Instruments - Summary of Gains (Losses) HTML 97K Recognized in Earnings for Other Economic Hedges and Customer-Related Positions (Detail) 140: R147 Netting Arrangements for Certain Financial HTML 68K Instruments and Securities Financing Activities - Additional Information (Detail) 37: R148 Netting Arrangements for Certain Financial HTML 94K Instruments and Securities Financing Activities - Summary of Maturities by Category of Collateral Pledged for Repurchase Agreements and Securities Loaned Transactions (Detail) 101: R149 Netting Arrangements for Certain Financial HTML 125K Instruments and Securities Financing Activities - Information on Company's Accounting Netting Adjustments and Items Not Offset in Consolidated Balance Sheet Assets But Available for Offset in Event of Default (Detail) 70: R150 Netting Arrangements for Certain Financial HTML 66K Instruments and Securities Financing Activities - Information on Company's Accounting Netting Adjustments and Items Not Offset in Consolidated Balance Sheet Assets But Available for Offset in Event of Default (Parenthetical) (Detail) 51: R151 Netting Arrangements for Certain Financial HTML 125K Instruments and Securities Financing Activities - Information on Company's Accounting Netting Adjustments and Items Not Offset in Consolidated Balance Sheet Liabilities But Available for Offset in Event of Default (Detail) 109: R152 Netting Arrangements for Certain Financial HTML 66K Instruments and Securities Financing Activities - Information on Company's Accounting Netting Adjustments and Items Not Offset in Consolidated Balance Sheet Liabilities But Available for Offset in Event of Default (Parenthetical) (Detail) 176: R153 Fair Values of Assets and Liabilities - Additional HTML 75K Information (Detail) 68: R154 Fair Values of Assets and Liabilities - Valuation HTML 74K Assumption Ranges for MSRs (Detail) 49: R155 Fair Values of Assets and Liabilities - Valuation HTML 71K Assumption Ranges for Derivative Commitments (Detail) 106: R156 Fair Values of Assets and Liabilities - Balances HTML 174K of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) 174: R157 Fair Values of Assets and Liabilities - Balances HTML 62K of Assets and Liabilities Measured at Fair Value on Recurring Basis (Parenthetical) (Detail) 73: R158 Fair Values of Assets and Liabilities - Changes in HTML 132K Fair Value for All Assets and Liabilities Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3) (Detail) 44: R159 Fair Values of Assets and Liabilities - Changes in HTML 71K Fair Value for All Assets and Liabilities Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3) (Parenthetical) (Detail) 149: R160 Fair Values of Assets and Liabilities - Adjusted HTML 68K Carrying Values for Assets Measured at Fair Value on Nonrecurring Basis (Detail) 167: R161 Fair Values of Assets and Liabilities - Losses HTML 69K Recognized Related to Nonrecurring Fair Value Measurements of Individual Assets or Portfolios (Detail) 97: R162 Fair Values of Assets and Liabilities - HTML 76K Differences Between Aggregate Fair Value Carrying Amount of MLHFS for which Fair Value Option has been Elected and Aggregate Unpaid Principal Amount Contractually Obligated to Receive at Maturity (Detail) 29: R163 Fair Values of Assets and Liabilities - Estimated HTML 113K Fair Values of Financial Instruments (Detail) 147: R164 Guarantees and Contingent Liabilities - Additional HTML 111K Information (Detail) 165: R165 Guarantees and Contingent Liabilities - Contract HTML 85K or Notional Amounts of Unfunded Commitments to Extend Credit (Detail) 95: R166 Guarantees and Contingent Liabilities - Summary of HTML 84K Other Guarantees and Contingent Liabilities (Detail) 27: R167 Guarantees and Contingent Liabilities - Contract HTML 71K or Notional Amount of Letters of Credit (Detail) 141: R168 Business Segments - Additional Information HTML 64K (Detail) 169: R169 Business Segments - Business Segment Results HTML 170K (Detail) 181: R170 U.S. Bancorp (Parent Company) - Additional HTML 63K Information (Detail) 114: R171 U.S. Bancorp (Parent Company) - Condensed HTML 108K Statement of Financial Position of Parent Company Only (Detail) 41: R172 U.S. Bancorp (Parent Company) - Condensed Income HTML 105K Statement of Parent Company Only (Detail) 64: R173 U.S. Bancorp (Parent Company) - Condensed HTML 132K Statement of Cash Flows of Parent Company Only (Detail) 18: XML IDEA XML File -- Filing Summary XML 390K 71: XML XBRL Instance -- d597518d10k_htm XML 14.22M 143: EXCEL IDEA Workbook of Financial Reports XLSX 253K 13: EX-101.CAL XBRL Calculations -- usb-20191231_cal XML 473K 14: EX-101.DEF XBRL Definitions -- usb-20191231_def XML 2.15M 15: EX-101.LAB XBRL Labels -- usb-20191231_lab XML 3.28M 16: EX-101.PRE XBRL Presentations -- usb-20191231_pre XML 2.88M 12: EX-101.SCH XBRL Schema -- usb-20191231 XSD 520K 162: JSON XBRL Instance as JSON Data -- MetaLinks 878± 1.49M 38: ZIP XBRL Zipped Folder -- 0001193125-20-043622-xbrl Zip 909K
Form 10-K |
i ☑ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES |
EXCHANGE ACT OF 1934 |
i ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES |
EXCHANGE ACT OF 1934 |
i Delaware |
i 41-0255900 | |
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) |
Title of each class |
Trading symbols |
Name of each exchange on which registered | ||
i Common Stock, $.01 par value per share |
i USB | i New York Stock Exchange | ||
i Depositary Shares (each representing 1/100th interest in a share of Series A Non-Cumulative Perpetual Preferred Stock, par value $1.00) |
i USB PrA | i New York Stock Exchange | ||
i Depositary Shares (each representing 1/1,000th interest in a share of Series B Non-Cumulative Perpetual Preferred Stock, par value $1.00) |
i USB PrH | i New York Stock Exchange | ||
i Depositary Shares (each representing 1/1,000th interest in a share of Series F Non-Cumulative Perpetual Preferred Stock, par value $1.00) |
i USB PrM | i New York Stock Exchange | ||
i Depositary Shares (each representing 1/1,000th interest in a share of Series H Non-Cumulative Perpetual Preferred Stock, par value $1.00) |
i USB PrO | i New York Stock Exchange | ||
i Depositary Shares (each representing 1/1,000th interest in a share of Series K Non-Cumulative Perpetual Preferred Stock, par value $1.00) |
i USB PrP | i New York Stock Exchange | ||
0.850% i Medium-Term Notes, Series X (Senior), due June 7, 2024 |
i USB/24B | i New York Stock Exchange |
i Large accelerated filer | ☑ | Accelerated filer | ☐ | |||
Non-accelerated filer |
☐ | Smaller reporting company | i ☐ | |||
Emerging growth company i ☐ |
Class |
Outstanding at January 31, 2020 | |
Common Stock, $.01 par value per share |
i 1,522,494,686 | |
Document |
Parts Into Which Incorporated | |||
1. | Portions of the Annual Report to Shareholders for the Fiscal Year Ended December 31, 2019 (the “2019 Annual Report”) | Parts I and II | ||
2. | Portions of the Proxy Statement for the Annual Meeting of Shareholders to be held April 21, 2020 (the “Proxy Statement”) | Part III |
Item 1. |
Business |
Item 1A. |
Risk Factors |
Item 1B. |
Unresolved Staff Comments |
Item 2. |
Properties |
Item 3. |
Legal Proceedings |
Item 4. |
Mine Safety Disclosures |
Closing Date |
Issuer |
Capital Securities or Preferred Stock |
Other Securities |
Covered Debt | ||||
3/17/06 |
USB Capital IX and U.S. Bancorp |
USB Capital IX’s $675,378,000 of 6.189% Fixed-to-Floating |
U.S. Bancorp’s Series A Non-Cumulative Perpetual Preferred Stock |
U.S. Bancorp’s 7.50% Subordinated Debentures due 2026 (CUSIP No. 911596AL8) | ||||
3/27/06 |
U.S. Bancorp | U.S. Bancorp’s 40,000,000 Depositary Shares ($25 per Depositary Share) each representing a 1/1000 th interest in a share of Series B Non-Cumulative Perpetual Preferred Stock |
Not Applicable | U.S. Bancorp’s 7.50% Subordinated Debentures due 2026 (CUSIP No. 911596AL8) | ||||
12/22/06 |
USB Realty Corp (a) and U.S. Bancorp |
USB Realty Corp.’s 4,500 shares of Fixed-to-Floating-Rate Non-Cumulative Perpetual Series A Preferred Stock exchangeable for shares of U.S. Bancorp’s Series C Non-Cumulative Perpetual Preferred Stock(b) |
Not Applicable | U.S. Bancorp’s 7.50% Subordinated Debentures due 2026 (CUSIP No. 911596AL8) |
(a) |
USB Realty Corp. is an indirect subsidiary of U.S. Bank National Association. |
(b) |
Under certain circumstances, upon the direction of the OCC, each share of USB Realty Corp.’s Series A Preferred Stock will be automatically exchanged for one share of U.S. Bancorp’s Series C Non-Cumulative Perpetual Preferred Stock. |
Item 5. |
Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities |
Period |
Total Number of Shares Purchased |
Average Price Paid per Share |
Total Number of Shares Purchased as Part of Publicly Announced Program |
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program (In Millions) | ||||||||||||||||
October 1-31 |
9,517,417 | (a) |
$ | 56.45 | 9,442,417 | $ | 1,672 | |||||||||||||
November 1-30 |
11,887,044 | 59.25 | 11,887,044 | 3,468 | ||||||||||||||||
December 1-31 |
17,717,490 | 59.99 | 17,717,490 | 2,405 | ||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||
Total |
39,121,951 | (a) |
$ | 58.90 | 39,046,951 | $ | 2,405 | |||||||||||||
|
|
|
|
|
|
|
|
(a) |
Includes 75,000 shares of common stock purchased, at an average price per share of $55.20, in open-market transactions by U.S. Bank National Association in its capacity as trustee of the U.S. Bank 401(k) Savings Plan, which is the Company’s employee retirement savings plan. |
Item 6. |
Selected Financial Data |
Item 7. |
Management’s Discussion and Analysis of Financial Condition and Results of Operations |
Item 7A. |
Quantitative and Qualitative Disclosures About Market Risk |
Item 8. |
Financial Statements and Supplementary Data |
Item 9. |
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure |
Item 9A. |
Controls and Procedures |
Item 9B. |
Other Information |
Item 10. |
Directors, Executive Officers and Corporate Governance |
Item 11. |
Executive Compensation |
Item 12. |
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters |
Plan Category |
Number of Securities to be Issued upon Exercise of Outstanding Options, Warrants and Rights |
Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights |
Number of Securities Remaining Available for Future Issuance under Equity Compensation Plans (Excluding Securities Reflected in the First Column) | ||||||||||||
Equity Compensation Plans Approved by Security Holders |
31,618,954 | (3) | |||||||||||||
Stock Options |
5,718,256 | (1) |
$ | 39.25 | |||||||||||
Restricted Stock Units and Performance-Based Restricted Stock Units |
6,606,833 | (2) |
- | ||||||||||||
Equity Compensation Plans Not Approved by Security Holders |
351,948 | (4) |
- | - | |||||||||||
|
|
|
|
||||||||||||
Total |
12,677,037 | 31,618,954 |
(1) |
Includes shares of the Company’s common stock underlying stock options granted under the U.S. Bancorp 2015 Stock Incentive Plan (the “2015 Plan”) and the U.S. Bancorp Amended and Restated 2007 Stock Incentive Plan (the “2007 Plan”). |
(2) |
Includes shares of the Company’s common stock underlying performance-based restricted stock units (awarded to the members of the Company’s Managing Committee and settled in shares of the Company’s common stock on a one-for-one one-for-one |
(3) |
The 31,618,954 shares of the Company’s common stock available for future issuance are reserved under the 2015 Plan. Future awards under the 2015 Plan may be made in the form of stock options, stock appreciation rights, restricted stock, restricted stock units, performance awards, dividend equivalents, stock awards, or other stock-based awards. |
(4) |
These shares of the Company’s common stock are issuable pursuant to various current and former deferred compensation plans of U.S. Bancorp and its predecessor entities. No exercise price is paid when shares are issued pursuant to the deferred compensation plans. |
Item 13. |
Certain Relationships and Related Transactions, and Director Independence |
Item 14. |
Principal Accounting Fees and Services |
Item 15. |
Exhibits, Financial Statement Schedules |
• | Report of Management |
• | Report of Independent Registered Public Accounting Firm on the Financial Statements |
• | Report of Independent Registered Public Accounting Firm on Internal Control over Financial Reporting |
• | U.S. Bancorp Consolidated Balance Sheet as of December 31, 2019 and 2018 |
• | U.S. Bancorp Consolidated Statement of Income for each of the three years in the period ended December 31, 2019 |
• | U.S. Bancorp Consolidated Statement of Comprehensive Income for each of the three years in the period ended December 31, 2019 |
• | U.S. Bancorp Consolidated Statement of Shareholders’ Equity for each of the three years in the period ended December 31, 2019 |
• | U.S. Bancorp Consolidated Statement of Cash Flows for each of the three years in the period ended December 31, 2019 |
• | Notes to Consolidated Financial Statements |
• | U.S. Bancorp Consolidated Balance Sheet — Five Year Summary (Unaudited) |
• | U.S. Bancorp Consolidated Statement of Income — Five Year Summary (Unaudited) |
• | U.S. Bancorp Quarterly Consolidated Financial Data (Unaudited) |
• | U.S. Bancorp Supplemental Financial Data (Unaudited) |
• | U.S. Bancorp Consolidated Daily Average Balance Sheet and Related Yields and Rates (Unaudited) |
Exhibit Number |
Description | |
(1) 3.1 |
Restated Certificate of Incorporation, as amended. Filed as Exhibit 3.1 to Form 10-Q for the quarterly period ended September 30, 2018. | |
(1) 3.2 |
Amended and Restated Bylaws. Filed as Exhibit 3.1 to Form 8-K filed on January 20, 2016. | |
4.1 |
Pursuant to Item 601(b)(4)(iii)(A) of Regulation S-K, copies of instruments defining the rights of holders of long-term debt are not filed. U.S. Bancorp agrees to furnish a copy thereof to the SEC upon request. |
(1) |
Exhibit has been previously filed with the SEC and is incorporated herein as an exhibit by reference to the prior filing. |
(2) |
Management contracts or compensatory plans or arrangements. |
U.S. BANCORP | ||
By | /s/ ANDREW CECERE | |
Andrew Cecere | ||
Chairman, President and Chief Executive Officer |
Signature and Title |
/s/ ANDREW CECERE |
Andrew Cecere, |
Chairman, President and Chief Executive Officer (principal executive officer) |
/s/ TERRANCE R. DOLAN |
Terrance R. Dolan, |
Vice Chair and Chief Financial Officer (principal financial officer) |
/s/ LISA R. STARK |
Lisa R. Stark, |
Executive Vice President and Controller (principal accounting officer) |
WARNER L. BAXTER* |
Warner L. Baxter, Director |
DOROTHY J. BRIDGES* |
Dorothy J. Bridges, Director |
ELIZABETH L. BUSE* |
Elizabeth L. Buse, Director |
MARC N. CASPER* |
Mark N. Casper, Director |
ARTHUR D. COLLINS, JR.* |
Arthur D. Collins, Jr., Director |
KIMBERLY J. HARRIS* |
Kimberly J. Harris, Director |
ROLAND A. HERNANDEZ* |
Roland A. Hernandez, Director |
DOREEN WOO HO* |
Doreen Woo Ho, Director |
Signature and Title |
OLIVIA F. KIRTLEY* |
Olivia F. Kirtley, Director |
KAREN S. LYNCH* |
Karen S. Lynch, Director |
RICHARD P. MCKENNEY* |
Richard P. McKenney, Director |
YUSUF I. MEHDI* |
Yusuf I. Mehdi, Director |
DAVID B. O’MALEY* |
David B. O’Maley, Director |
O’DELL M. OWENS, M.D., M.P.H.* |
O’Dell M. Owens, M.D., M.P.H., Director |
CRAIG D. SCHNUCK* |
Craig D. Schnuck, Director |
JOHN P. WIEHOFF* |
John P. Wiehoff, Director |
SCOTT W. WINE* |
Scott W. Wine, Director |
* | Andrew Cecere, by signing his name hereto, does hereby sign this document on behalf of each of the above named directors of the registrant pursuant to powers of attorney duly executed by such persons. |
By: | /s/ ANDREW CECERE | |
Andrew Cecere | ||
Attorney-In-Fact | ||
Chairman, President and Chief Executive Officer |
This ‘10-K’ Filing | Date | Other Filings | ||
---|---|---|---|---|
1/1/27 | ||||
6/7/24 | ||||
1/1/22 | ||||
9/1/21 | ||||
7/1/21 | ||||
1/1/21 | ||||
7/1/20 | ||||
6/30/20 | 10-Q, 13F-HR, 8-K | |||
4/21/20 | 8-K, DEF 14A | |||
4/6/20 | ||||
4/5/20 | ||||
4/1/20 | ||||
Filed on: | 2/20/20 | 4 | ||
1/31/20 | ||||
1/1/20 | ||||
For Period end: | 12/31/19 | 11-K, 13F-HR, 4, 5 | ||
11/12/19 | 8-K | |||
7/1/19 | 4 | |||
6/30/19 | 10-Q, 13F-HR | |||
6/27/19 | 8-K | |||
12/31/18 | 10-K, 11-K, 13F-HR | |||
5/25/18 | ||||
12/31/15 | 10-K, 11-K, 11-K/A, 13F-HR | |||
1/1/12 | ||||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/20/24 U.S. Bancorp 10-K 12/31/23 186:32M 2/27/23 U.S. Bancorp 10-K 12/31/22 196:31M Donnelley … Solutions/FA 2/22/22 U.S. Bancorp 10-K 12/31/21 188:33M Donnelley … Solutions/FA 2/03/22 U.S. Bancorp 424B2 2:504K Toppan Merrill/FA 2/02/22 U.S. Bancorp 424B3 1:473K Toppan Merrill/FA 10/20/21 U.S. Bancorp 424B2 1:598K Toppan Merrill/FA 10/19/21 U.S. Bancorp 424B3 1:588K Toppan Merrill/FA 2/23/21 U.S. Bancorp 10-K 12/31/20 192:34M Donnelley … Solutions/FA 1/28/21 U.S. Bancorp 424B2 1/27/21 1:590K Toppan Merrill/FA 1/26/21 U.S. Bancorp 424B3 1:575K Toppan Merrill/FA 10/21/20 U.S. Bancorp 424B2 1:579K Toppan Merrill/FA 10/20/20 U.S. Bancorp 424B3 1:561K Toppan Merrill/FA |