Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2015

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)	2015			2014			2015			2014
Net income attributable to U.S. Bancorp	$	1,489		$	1,471		$	4,403		$	4,363
Preferred dividends		(62	)		(60	)		(182	)		(181	)
Earnings allocated to participating stock awards		(5	)		(6	)		(17	)		(19	)
Net income applicable to U.S. Bancorp common shareholders	$	1,422		$	1,405		$	4,204		$	4,163
Average common shares outstanding		1,758			1,798			1,770			1,809
Net effect of the exercise and assumed purchase of stock awards		8			9			8			10
Average diluted common shares outstanding		1,766			1,807			1,778			1,819
Earnings per common share	$	.81		$	.78		$	2.38		$	2.30
Diluted earnings per common share	$	.81		$	.78		$	2.36		$	2.29