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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, 2020
Dec. 31, 2019
Dec. 31, 2018
Earnings Per Share [Abstract]      
Net income attributable to U.S. Bancorp $ 4,959 $ 6,914 $ 7,096
Preferred dividends (304) [1] (302) [2] (282) [3]
Impact of preferred stock call (13)    
Earnings allocated to participating stock awards (21) (29) (30)
Net income applicable to U.S. Bancorp common shareholders $ 4,621 $ 6,583 $ 6,784
Average common shares outstanding 1,509 1,581 1,634
Net effect of the exercise and assumed purchase of stock awards 1 2 4
Average diluted common shares outstanding 1,510 1,583 1,638
Earnings per common share $ 3.06 $ 4.16 $ 4.15
Diluted earnings per common share $ 3.06 $ 4.16 $ 4.14
[1] Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series H, Series I, Series J, Series K and Series L Non-Cumulative Perpetual Preferred Stock of $3,558.332, $889.58, $1,625.00, $1,287.52, $1,281.25, $1,325.00, $1,375.00 and $203.13, 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 $3,654.95, $887.15, $1,625.00, $1,287.52, $1,281.25, $1,325.00 and $1,375.00, 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 $3,548.61, $887.15, $1,625.00, $1,287.52, $1,281.25, $1,325.00 and $576.74, respectively.