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Earnings Per Share - Components of Earnings Per Share (Detail) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Earnings Per Share [Abstract]      
Net income attributable to U.S. Bancorp $ 6,914 $ 7,096 $ 6,218
Preferred dividends (302) [1] (282) [2] (267) [3]
Impact of preferred stock redemption     (10)
Earnings allocated to participating stock awards (29) (30) (28)
Net income applicable to U.S. Bancorp common shareholders $ 6,583 $ 6,784 $ 5,913
Average common shares outstanding 1,581 1,634 1,677
Net effect of the exercise and assumed purchase of stock awards 2 4 6
Average diluted common shares outstanding 1,583 1,638 1,683
Earnings per common share $ 4.16 $ 4.15 $ 3.53
Diluted earnings per common share $ 4.16 $ 4.14 $ 3.51
[1] Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series H, Series I, Series J and Series K Non-Cumulative Perpetual Preferred Stock of $3,654.95, $887.15, $1,625.00, $1,287.52, $1,281.25, $1,325.00 and $1,375.00, respectively.
[2] Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series H, Series I, Series J and Series K Non-Cumulative Perpetual Preferred Stock of $3,548.61, $887.15, $1,625.00, $1,287.52, $1,281.25, $1,325.00 and $576.74, respectively.
[3] Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series G, Series H, Series I and Series J Non-Cumulative Perpetual Preferred Stock of $3,548.61, $887.15, $1,625.00, $375.00, $1,287.52, $1,281.25 and $890.69, respectively.