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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, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Earnings Per Share [Abstract]        
Net income attributable to U.S. Bancorp $ 2,028 $ 1,580 $ 6,290 $ 3,440
Preferred dividends (84) [1] (79) [2] (232) [3] (229) [4]
Impact of preferred stock redemption [5]     (5)  
Earnings allocated to participating stock awards (10) (7) (30) (15)
Net income applicable to U.S. Bancorp common shareholders $ 1,934 $ 1,494 $ 6,023 $ 3,196
Average common shares outstanding 1,483 1,506 1,491 1,510
Net effect of the exercise and assumed purchase of stock awards 1 1 1 1
Average diluted common shares outstanding 1,484 1,507 1,492 1,511
Earnings per common share $ 1.30 $ 0.99 $ 4.04 $ 2.12
Diluted earnings per common share $ 1.30 $ 0.99 $ 4.04 $ 2.11
[1] Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series J, Series K, Series L and Series M Non-Cumulative Perpetual Preferred Stock of $894.444, $223.611, $406.25, $662.50, $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 J and Series K Non-Cumulative Perpetual Preferred Stock of $894.444, $223.61, $406.25, $321.88, $662.50 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 $2,654.166, $663.542, $1,218.75, $232.953, $1,325.00, $1,031.25, $703.125 and $702.778, 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 $2,663.888, $665.97, $1,218.75, $965.64, $640.625, $1,325.00 and $1,031.25, 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.