XML 48 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1
Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2018
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)       2018         2017                 2018         2017  

Net income attributable to U.S. Bancorp

   $ 1,750     $ 1,500          $ 3,425     $ 2,973  

Preferred dividends

     (64 )      (64 )           (134 )      (133 ) 

Impact of preferred stock redemption (a)

     –       –            –       (10 ) 

Earnings allocated to participating stock awards

     (8 )      (6 )               (16 )      (13 ) 

Net income applicable to U.S. Bancorp common shareholders

   $ 1,678     $ 1,430              $ 3,275     $ 2,817  

Average common shares outstanding

     1,642       1,684            1,647       1,689  

Net effect of the exercise and assumed purchase of stock awards

     4       6                4       6  

Average diluted common shares outstanding

     1,646       1,690                1,651       1,695  

Earnings per common share

   $ 1.02     $ .85          $ 1.99     $ 1.67  

Diluted earnings per common share

   $ 1.02     $ .85              $ 1.98     $ 1.66  

 

(a) Represents stock issuance costs originally recorded in preferred stock upon the issuance of the Company’s Series G Preferred Stock that were reclassified to retained earnings on the date the Company announced its intent to redeem the outstanding shares.