XML 82 R68.htm IDEA: XBRL DOCUMENT v3.21.2
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, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Earnings Per Share [Abstract]        
Net income attributable to U.S. Bancorp $ 1,982 $ 689 $ 4,262 $ 1,860
Preferred dividends (58) [1] (72) [2] (148) [3] (150) [4]
Impact of preferred stock redemption [5]     (5)  
Earnings allocated to participating stock awards (10) (3) (20) (8)
Net income applicable to U.S. Bancorp common shareholders $ 1,914 $ 614 $ 4,089 $ 1,702
Average common shares outstanding 1,489 1,506 1,495 1,512
Net effect of the exercise and assumed purchase of stock awards 1 1 2 1
Average diluted common shares outstanding 1,490 1,507 1,497 1,513
Earnings per common share $ 1.29 $ 0.41 $ 2.73 $ 1.13
Diluted earnings per common share $ 1.28 $ 0.41 $ 2.73 $ 1.12
[1] Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series K, Series L and Series M Non-Cumulative Perpetual Preferred Stock of $884.722, $221.181, $406.25, $343.75, $234.375 and $250.00 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 $884.722, $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 I, Series J, Series K, Series L and Series M Non-Cumulative Perpetual Preferred Stock of $1,759.722, $439.931, $812.50, $232.953, $662.50, $687.50, $468.75 and $452.778 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 $1,769.444, $442.36, $812.50, $643.76, $640.625, $662.50 and $687.50, respectively.
[5] Represents stock issuance costs originally recorded in preferred stock upon the issuance of the Company’s Series I Preferred Stock that were reclassified to retained earnings on the date the Company announced its intent to redeem the outstanding shares.