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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Components of Earnings Per Share

The components of earnings per share were:

 

     Three Months Ended
March 31,		  
(Dollars and Shares in Millions, Except Per Share Data)    2016     2015  

Net income attributable to U.S. Bancorp

    $ 1,386      $ 1,431   

Preferred dividends

      (61 )      (60 ) 

Impact of the purchase of noncontrolling interests (a)

      9        –   

Earnings allocated to participating stock awards

      (5 )      (6 ) 

Net income applicable to U.S. Bancorp common shareholders

    $ 1,329      $ 1,365   

Average common shares outstanding

      1,737        1,781   

Net effect of the exercise and assumed purchase of stock awards

      6        8   

Average diluted common shares outstanding

      1,743        1,789   

Earnings per common share

    $ .77      $ .77   

Diluted earnings per common share

    $ .76      $ .76   

 

(a) Represents the difference between the carrying amount and amount paid by the Company to purchase third party investor holdings of the preferred stock of USB Realty Corp, a consolidated subsidiary of the Company.