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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2016
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)   2016     2015             2016     2015  

Net income attributable to U.S. Bancorp

   $ 1,502      $ 1,489           $ 4,410      $ 4,403   

Preferred dividends

     (61 )      (62 )           (201 )      (182 ) 

Impact of the purchase of noncontrolling interests (a)

     –        –             9        –   

Earnings allocated to participating stock awards

     (7 )      (5 )               (20 )      (17 ) 

Net income applicable to U.S. Bancorp common shareholders

   $ 1,434      $ 1,422               $ 4,198      $ 4,204   

Average common shares outstanding

     1,710        1,758             1,724        1,770   

Net effect of the exercise and assumed purchase of stock awards

     6        8                 6        8   

Average diluted common shares outstanding

     1,716        1,766                 1,730        1,778   

Earnings per common share

   $ .84      $ .81           $ 2.44      $ 2.38   

Diluted earnings per common share

   $ .84      $ .81               $ 2.43      $ 2.36   

 

(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.