Earnings Per Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Note 8 Earnings Per Share

The components of earnings per share were:

	Three Months Ended March 31,
(Dollars and Shares in Millions, Except Per Share Data)	2014			2013
Net income attributable to U.S. Bancorp	$	1,397		$	1,428
Preferred dividends		(60	)		(64	)
Earnings allocated to participating stock awards		(6	)		(6	)
Net income applicable to U.S. Bancorp common shareholders	$	1,331		$	1,358
Average common shares outstanding		1,818			1,858
Net effect of the exercise and assumed purchase of stock awards		10			9
Average diluted common shares outstanding		1,828			1,867
Earnings per common share	$	.73		$	.73
Diluted earnings per common share	$	.73		$	.73

Options outstanding at March 31, 2013, to purchase 11 million common shares were not included in the computation of diluted earnings per share for the three months ended March 31, 2013, because they were antidilutive.