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Earnings Per Share
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share
NOTE 9Earnings Per Share
The components of earnings per share were:
 Three Months Ended
June 30		Six Months Ended
June 30
(Dollars and Shares in Millions, Except Per Share Data)2024202320242023
Net income attributable to U.S. Bancorp$1,603 $1,361 $2,922 $3,059 
Preferred dividends(75)(73)(177)(171)
Earnings allocated to participating stock awards(10)(7)(18)(15)
Net income applicable to U.S. Bancorp common shareholders$1,518 $1,281 $2,727 $2,873 
Average common shares outstanding1,560 1,533 1,560 1,532 
Net effect of the exercise and assumed purchase of stock awards1 — — 1 
Average diluted common shares outstanding1,561 1,533 1,560 1,533 
Earnings per common share$.97 $.84 $1.75 $1.87 
Diluted earnings per common share$.97 $.84 $1.75 $1.87 
Options outstanding at June 30, 2024 to purchase 1 million common shares for the three and six months ended June 30, 2024, and outstanding at June 30, 2023 to purchase 3 million common shares for the three and six months ended June 30, 2023 were not included in the computation of diluted earnings per share because they were antidilutive.