Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Components of Earnings Per Share

The components of earnings per share were:

	Three Months Ended March 31
(Dollars and Shares in Millions, Except Per Share Data)	2024		2023
Net income attributable to U.S. Bancorp	$	1,319	$	1,698
Preferred dividends	(102)		(98)
Earnings allocated to participating stock awards	(8)		(8)
Net income applicable to U.S. Bancorp common shareholders	$	1,209	$	1,592
Average common shares outstanding	1,559		1,532
Average diluted common shares outstanding	1,559		1,532
Earnings per common share	$	.78	$	1.04
Diluted earnings per common share	$	.78	$	1.04