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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, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Earnings Per Share [Abstract]        
Net income attributable to U.S. Bancorp $ 1,812 $ 2,028 $ 4,900 $ 6,290
Preferred dividends (85) [1] (84) [2] (228) [3] (232) [4]
Impact of preferred stock call       (5)
Earnings allocated to participating stock awards (9) (10) (24) (30)
Net income applicable to U.S. Bancorp common shareholders $ 1,718 $ 1,934 $ 4,648 $ 6,023
Average common shares outstanding 1,486 1,483 1,485 1,491
Net effect of the exercise and assumed purchase of stock awards   1 1 1
Average diluted common shares outstanding 1,486 1,484 1,486 1,492
Earnings per common share $ 1.16 $ 1.3 $ 3.13 $ 4.04
Diluted earnings per common share $ 1.16 $ 1.3 $ 3.13 $ 4.04
[1] 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 $902.622, $223.611, $662.50, $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 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.
[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 $2,662.344, $663.542, $1,325.00, $1,031.25, $703.125, $750.00, $693.75 and $768.75 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 $2,654.166, $663.542, $1,218.75, $232.953, $1,325.00, $1,031.25, $703.125 and $702.778, respectively.