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Earnings Per Share - Components of Earnings Per Share (Detail) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Earnings Per Share [Abstract]        
Net income attributable to U.S. Bancorp $ 689 $ 1,821 $ 1,860 $ 3,520
Preferred dividends (72) [1] (72) [2] (150) [3] (151) [4]
Earnings allocated to participating stock awards (3) (8) (8) (15)
Net income applicable to U.S. Bancorp common shareholders $ 614 $ 1,741 $ 1,702 $ 3,354
Average common shares outstanding 1,506 1,590 1,512 1,596
Net effect of the exercise and assumed purchase of stock awards 1 2 1 3
Average diluted common shares outstanding 1,507 1,592 1,513 1,599
Earnings per common share $ 0.41 $ 1.09 $ 1.13 $ 2.10
Diluted earnings per common share $ 0.41 $ 1.09 $ 1.12 $ 2.10
[1] Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series H, Series I and Series K Non-Cumulative Perpetual Preferred Stock of $884.722, $221.18, $406.25, $321.88, $640.625 and $343.75, respectively.
[2] Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series H, Series I and Series K Non-Cumulative Perpetual Preferred Stock of $914.234, $221.18, $406.25, $321.88, $640.625 and $343.75, respectively.
[3] 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 $1,769.444, $442.36, $812.50, $643.76, $640.625, $662.50 and $687.50, respectively.
[4] 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 $1,866.062, $439.93, $812.50, $643.76, $640.625, $662.50 and $687.50, respectively.