XML 101 R45.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Components of Earnings Per Share

The components of earnings per share were:

 

Year Ended December 31

(Dollars and Shares in Millions, Except Per Share Data)

   2014        2013        2012  

Net income attributable to U.S. Bancorp

   $ 5,851         $ 5,836         $ 5,647   

Preferred dividends

     (243 )         (250 )         (238 ) 

Impact of preferred stock redemption(a)

     –           (8 )         –   

Earnings allocated to participating stock awards

     (25 )         (26 )         (26 ) 
 

 

 

  

Net income applicable to U.S. Bancorp common shareholders

   $ 5,583         $ 5,552         $ 5,383   
 

 

 

  

Average common shares outstanding

     1,803           1,839           1,887   

Net effect of the exercise and assumed purchase of stock awards

     10           10           9   
 

 

 

  

Average diluted common shares outstanding

     1,813           1,849           1,896   
 

 

 

  

Earnings per common share

   $ 3.10         $ 3.02         $ 2.85   

Diluted earnings per common share

   $ 3.08         $ 3.00         $ 2.84   
(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.