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

The components of earnings per share were:

 

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

Net income attributable to U.S. Bancorp

    $ 1,468      $ 1,474       $ 4,380      $ 4,227   

Preferred dividends

      (61 )      (64 )       (189 )      (174 ) 

Impact of preferred stock redemption (a)

      –        –         (8 )      –   

Earnings allocated to participating stock awards

      (7 )      (6 )       (20 )      (19 ) 
                                 

Net income applicable to U.S. Bancorp common shareholders

    $ 1,400      $ 1,404       $ 4,163      $ 4,034   

Average common shares outstanding

      1,832        1,886         1,844        1,892   

Net effect of the exercise and assumed purchase of stock awards

      11        11         10        9   
                                 

Average diluted common shares outstanding

      1,843        1,897         1,854        1,901   

Earnings per common share

    $ .76      $ .74       $ 2.26      $ 2.13   

Diluted earnings per common share

    $ .76      $ .74       $ 2.25      $ 2.12   
                                   

 

(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.