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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Components of Earnings Per Share

The components of earnings per share were:

 

     Three Months Ended
June 30,		      Six Months Ended
June 30,		  
(Dollars and Shares in Millions, Except Per Share Data)    2013     2012      2013     2012  

Net income attributable to U.S. Bancorp

    $ 1,484      $ 1,415       $ 2,912      $ 2,753   

Preferred dividends

      (64 )      (64 )       (128 )      (110 ) 

Impact of preferred stock redemption (a)

      (8 )      –         (8 )      –   

Earnings allocated to participating stock awards

      (7 )      (6 )       (13 )      (13 ) 
                                 

Net income applicable to U.S. Bancorp common shareholders

    $ 1,405      $ 1,345       $ 2,763      $ 2,630   

Average common shares outstanding

      1,843        1,888         1,851        1,895   

Net effect of the exercise and assumed purchase of stock awards

      10        10         9        9   
                                 

Average diluted common shares outstanding

      1,853        1,898         1,860        1,904   

Earnings per common share

    $ .76      $ .71       $ 1.49      $ 1.39   

Diluted earnings per common share

    $ .76      $ .71       $ 1.49      $ 1.38   
                                   

 

(a) Represents stock issuance costs originally recorded in capital surplus upon the issuance of the Company’s Series D Non-Cumulative Perpetual Preferred Stock that were reclassified to retained earnings on the redemption date.