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Earnings Per Share
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
 Note 9  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)        2015      2014               2015         2014  

Net income attributable to U.S. Bancorp

   $ 1,483      $ 1,495           $ 2,914      $ 2,892   

Preferred dividends

     (60 )      (61 )           (120 )      (121 ) 

Earnings allocated to participating stock awards

     (6 )      (7 )           (12 )      (13 ) 

Net income applicable to U.S. Bancorp common shareholders

   $ 1,417      $ 1,427           $ 2,782      $ 2,758   

Average common shares outstanding

     1,771        1,811             1,776        1,815   

Net effect of the exercise and assumed purchase of stock awards

     8        10             8        10   

Average diluted common shares outstanding

     1,779        1,821             1,784        1,825   

Earnings per common share

   $ .80      $ .79           $ 1.57      $ 1.52   

Diluted earnings per common share

   $ .80      $ .78           $ 1.56      $ 1.51   

Options outstanding at June 30, 2015, to purchase 1 million common shares were not included in the computation of diluted earnings per share for the three months and six months ended June 30, 2015, respectively, because they were antidilutive.