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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2016
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)   2016     2015             2016     2015  

Net income attributable to U.S. Bancorp

   $ 1,522      $ 1,483           $ 2,908      $ 2,914   

Preferred dividends

     (79 )      (60 )           (140 )      (120 ) 

Impact of the purchase of noncontrolling interests (a)

     –        –             9        –   

Earnings allocated to participating stock awards

     (8 )      (6 )               (13 )      (12 ) 

Net income applicable to U.S. Bancorp common shareholders

   $ 1,435      $ 1,417               $ 2,764      $ 2,782   

Average common shares outstanding

     1,725        1,771             1,731        1,776   

Net effect of the exercise and assumed purchase of stock awards

     6        8                 6        8   

Average diluted common shares outstanding

     1,731        1,779                 1,737        1,784   

Earnings per common share

   $ .83      $ .80           $ 1.60      $ 1.57   

Diluted earnings per common share

   $ .83      $ .80               $ 1.59      $ 1.56   

 

(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.