v3.25.2
Earnings Per Share - Components of Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Earnings Per Share [Abstract]        
Net income attributable to U.S. Bancorp $ 1,815 $ 1,603 $ 3,524 $ 2,922
Preferred dividends (70) [1] (75) [2] (165) [3] (177) [4]
Earnings allocated to participating stock awards (12) (10) (23) (18)
Net income applicable to U.S. Bancorp common shareholders 1,733 1,518 3,336 2,727
Net income applicable to U.S. Bancorp common shareholders, diluted $ 1,733 $ 1,518 $ 3,336 $ 2,727
Average common shares outstanding (in shares) 1,559 1,560 1,559 1,560
Average diluted common shares outstanding (in shares) 1,559 1,561 1,560 1,560
Earnings per common share (in dollars per share) $ 1.11 $ 0.97 $ 2.14 $ 1.75
Diluted earnings per common share (in dollars per share) $ 1.11 $ 0.97 $ 2.14 $ 1.75
Net effect of the exercise and assumed purchase of stock awards (in shares) 0 1 1 0
[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 $1,399.810, $323.411, $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 $1,670.904, $391.184, $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 $2,795.708, $646.135, $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 $3,338.125, $781.448, $662.50, $687.50, $468.75, $500.00, $462.50 and $562.50, respectively.(d)Reflects dividends declared per share on the Company’s Series A, Series B, Series J, Series K, S