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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, 2021
Dec. 31, 2020
Dec. 31, 2019
Earnings Per Share [Abstract]      
Net income attributable to U.S. Bancorp $ 7,963 $ 4,959 $ 6,914
Preferred dividends (303) [1] (304) [2] (302) [3]
Impact of preferred stock call and redemption (17) [4] (13) [5]  
Earnings allocated to participating stock awards (38) (21) (29)
Net income applicable to U.S. Bancorp common shareholders $ 7,605 $ 4,621 $ 6,583
Average common shares outstanding 1,489 1,509 1,581
Net effect of the exercise and assumed purchase of stock awards 1 1 2
Average diluted common shares outstanding 1,490 1,510 1,583
Earnings per common share $ 5.11 $ 3.06 $ 4.16
Diluted earnings per common share $ 5.10 $ 3.06 $ 4.16
[1] Reflects dividends declared per share on the Company’s Series A, Series B, Series F, Series I, Series J, Series K, Series L, Series M and Series N Non-Cumulative Perpetual Preferred Stock of $3,548.61, $887.153, $1,625.00, $232.953, $1,325.00, $1,375.00, $937.50, $952.778 and $202.986, respectively.
[2] 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.
[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 $3,654.95, $887.15, $1,625.00, $1,287.52, $1,281.25, $1,325.00 and $1,375.00, respectively.
[4] Represents stock issuance costs originally recorded in preferred stock upon the issuance of the Company’s Series I and Series F Preferred Stock that were reclassified to retained earnings on the date the Company announced its intent to redeem the outstanding shares.
[5] Represents stock issuance costs originally recorded in preferred stock upon the issuance of the Company’s Series H Preferred Stock that were reclassified to retained earnings on the date the Company announced its intent to redeem the outstanding shares.