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Earnings Per Share
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share
NOTE 9Earnings 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)2024202320242023
Net income attributable to U.S. Bancorp$1,714 $1,523 $4,636 $4,582 
Preferred dividends(103)(102)(280)(273)
Earnings allocated to participating stock awards(10)(9)(28)(24)
Net income applicable to U.S. Bancorp common shareholders$1,601 $1,412 $4,328 $4,285 
Average common shares outstanding1,561 1,548 1,560 1,538 
Net effect of the exercise and assumed purchase of stock awards— 1 1 — 
Average diluted common shares outstanding1,561 1,549 1,561 1,538 
Earnings per common share$1.03 $.91 $2.77 $2.79 
Diluted earnings per common share$1.03 $.91 $2.77 $2.79 
Options outstanding at September 30, 2024 to purchase 1 million common shares for the three and nine months ended September 30, 2024, and outstanding at September 30, 2023 to purchase 3 million common shares for the three and nine months ended September 30, 2023 were not included in the computation of diluted earnings per share because they were antidilutive.