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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 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Earnings Per Share [Abstract]        
Net income attributable to U.S. Bancorp $ 1,580 $ 1,908 $ 3,440 $ 5,428
Preferred dividends (79) [1] (79) [1] (229) [2] (230) [3]
Earnings allocated to participating stock awards (7) (8) (15) (23)
Net income applicable to U.S. Bancorp common shareholders $ 1,494 $ 1,821 $ 3,196 $ 5,175
Average common shares outstanding 1,506 1,575 1,510 1,589
Net effect of the exercise and assumed purchase of stock awards 1 3 1 3
Average diluted common shares outstanding 1,507 1,578 1,511 1,592
Earnings per common share $ 0.99 $ 1.16 $ 2.12 $ 3.26
Diluted earnings per common share $ 0.99 $ 1.15 $ 2.11 $ 3.25
[1] Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series H, Series J and Series K Non-Cumulative Perpetual Preferred Stock of $894.444, $223.61, $406.25, $321.88, $662.50 and $343.75, 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 $2,663.888, $665.97, $1,218.75, $965.64, $640.625, $1,325.00 and $1,031.25, 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 $2,760.506, $663.54, $1,218.75, $965.64, $640.625, $1,325.00 and $1,031.25, respectively.