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Earnings Per Share - Components of Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Earnings Per Share [Abstract]      
Net income attributable to U.S. Bancorp $ 6,299 $ 5,429 $ 5,825
Preferred dividends (352) [1] (350) [2] (296) [3]
Earnings allocated to participating stock awards (38) (28) (28)
Net income attributable to U.S. Bancorp 5,909 5,051 5,501
Net income applicable to U.S. Bancorp common shareholders $ 5,909 $ 5,051 $ 5,501
Average common shares outstanding (in shares) 1,560 1,543 1,489
Net effect of the exercise and assumed purchase of stock awards (in shares) 1 0 1
Average diluted common shares outstanding (in shares) 1,561 1,543 1,490
Earnings per common share (in dollars per share) $ 3.79 $ 3.27 $ 3.69
Diluted earnings per common share (in dollars per share) $ 3.79 $ 3.27 $ 3.69
[1] 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 $6,537.806, $1,527.702, $1,325.00, $1,375.00, $937.50, $1,000.00, $925.00, and $1,125.00, respectively.
[2] 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 $6,439.904, $1,503.518, $1,325.00, $1,375.00, $937.50, $1,000.00, $925.00, and $1,125.00, 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 $3,965.458, $962.487, $1,325.00, $1,375.00, $937.50, $1,000.00, $925.00, and $1,050.00, respectively.