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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, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Earnings Per Share [Abstract]        
Net income attributable to U.S. Bancorp $ 1,361 $ 1,531 $ 3,059 $ 3,088
Preferred dividends (73) [1] (59) [2] (171) [3] (143) [4]
Earnings allocated to participating stock awards (7) (8) (15) (15)
Net income applicable to U.S. Bancorp common shareholders $ 1,281 $ 1,464 $ 2,873 $ 2,930
Average common shares outstanding 1,533 1,486 1,532 1,485
Net effect of the exercise and assumed purchase of stock awards   1 1 1
Average diluted common shares outstanding 1,533 1,487 1,533 1,486
Earnings per common share $ 0.84 $ 0.99 $ 1.87 $ 1.97
Diluted earnings per common share $ 0.84 $ 0.99 $ 1.87 $ 1.97
[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 $1,587.52, $370.338, $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 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.
[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 $3,049.948, $709.695, $662.50, $687.50, $468.75, $500.00, $462.50 and $562.50, respectively.
[4] 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.