XML 131 R115.htm IDEA: XBRL DOCUMENT v3.22.4
Earnings Per Share - Components of Earnings Per Share (Detail) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Earnings Per Share [Abstract]      
Net income attributable to U.S. Bancorp $ 5,825 $ 7,963 $ 4,959
Preferred dividends (296) [1] (303) [2] (304) [3]
Impact of preferred stock call and redemption   (17) [4] (13) [5]
Earnings allocated to participating stock awards (28) (38) (21)
Net income applicable to U.S. Bancorp common shareholders $ 5,501 $ 7,605 $ 4,621
Average common shares outstanding 1,489 1,489 1,509
Net effect of the exercise and assumed purchase of stock awards 1 1 1
Average diluted common shares outstanding 1,490 1,490 1,510
Earnings per common share $ 3.69 $ 5.11 $ 3.06
Diluted earnings per common share $ 3.69 $ 5.1 $ 3.06
[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 $3,965.458, $962.487, $1,325.00, $1,375.00, $937.50, $1,000.00, $925.00, and $1,050.00, respectively.
[2] 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.
[3] 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.
[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.