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Earnings Per Share - Components of Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Earnings Per Share [Abstract]      
Net income attributable to U.S. Bancorp $ 5,429 $ 5,825 $ 7,963
Preferred dividends (350) [1] (296) [2] (303) [3]
Impact of preferred stock call and redemption 0 0 (17)
Earnings allocated to participating stock awards (28) (28) (38)
Net income attributable to U.S. Bancorp 5,051 5,501 7,605
Net income applicable to U.S. Bancorp common shareholders $ 5,051 $ 5,501 $ 7,605
Average common shares outstanding (in shares) 1,543 1,489 1,489
Net effect of the exercise and assumed purchase of stock awards (in shares) 0 1 1
Average diluted common shares outstanding (in shares) 1,543 1,490 1,490
Earnings per common share (in dollars per share) $ 3.27 $ 3.69 $ 5.11
Diluted earnings per common share (in dollars per share) $ 3.27 $ 3.69 $ 5.10
[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 $6,439.904, $1,503.518, $1,325.00, $1,375.00, $937.50, $1,000.00, $925.00, and $1,125.00, respectively.
[2] 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.
[3] Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series I, Series J, Series K, Series L, Series M, and Series N Non-Cumulative Perpetual Preferred Stock of $3,548.61, $887.153, $1,625.00, $232.953, $1,325.00, $1,375.00, $937.50, $952.778, $202.986, respectively.