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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Components of Earnings Per Share
The components of earnings per share were:
 
     Three Months Ended
September 30
            Nine Months Ended
September 30
 
(Dollars and Shares in Millions, Except Per Share Data)    2023     2022             2023     2022  
Net income attributable to U.S. Bancorp
   $ 1,523     $ 1,812        
 
   $ 4,582     $ 4,900  
Preferred dividends
     (102     (85      
 
     (273     (228
Earnings allocated to participating stock awards
     (9     (9  
 
 
 
     (24     (24
Net income applicable to U.S. Bancorp common shareholders
   $ 1,412     $ 1,718    
 
 
 
   $ 4,285     $ 4,648  
Average common shares outstanding
     1,548       1,486        
 
     1,538       1,485  
Net effect of the exercise and assumed purchase of stock awards
     1          
 
 
 
           1  
Average diluted common shares outstanding
     1,549       1,486    
 
 
 
     1,538       1,486  
Earnings per common share
   $ .91     $ 1.16        
 
   $ 2.79     $ 3.13  
Diluted earnings per common share
   $ .91     $ 1.16    
 
 
 
   $ 2.79     $ 3.13