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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 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Earnings Per Share [Abstract]        
Net income attributable to U.S. Bancorp $ 1,531 $ 1,982 $ 3,088 $ 4,262
Preferred dividends (59) [1] (58) [2] (143) [3] (148) [4]
Impact of preferred stock call       (5)
Earnings allocated to participating stock awards (8) (10) (15) (20)
Net income applicable to U.S. Bancorp common shareholders $ 1,464 $ 1,914 $ 2,930 $ 4,089
Average common shares outstanding 1,486 1,489 1,485 1,495
Net effect of the exercise and assumed purchase of stock awards 1 1 1 2
Average diluted common shares outstanding 1,487 1,490 1,486 1,497
Earnings per common share $ 0.99 $ 1.29 $ 1.97 $ 2.73
Diluted earnings per common share $ 0.99 $ 1.28 $ 1.97 $ 2.73
[1] Reflects dividends declared per share on the Company’s Series A, Series B, Series K, Series L, Series M, Series N and Series O Non-Cumulative Perpetual Preferred Stock of $884.722, $221.181, $343.75, $234.375, $250.00, $231.25 and $281.25 respectively.
[2] 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.
[3] Reflects dividends declared per share on the Company’s Series A, Series B, Series J, Series K, Series L, Series M, Series N and Series O Non-Cumulative Perpetual Preferred Stock of $1,759.722, $439.931, $662.50, $687.50, $468.75, $500.00, $462.50 and $487.50 respectively.
[4] 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.