Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2015

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)	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