Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Components of Earnings Per Share

The components of earnings per share were:

	Three Months Ended March 31
(Dollars and Shares in Millions, Except Per Share Data)	2025		2024
Net income attributable to U.S. Bancorp	$	1,709	$	1,319
Preferred dividends	(95)		(102)
Earnings allocated to participating stock awards	(11)		(8)
Net income applicable to U.S. Bancorp common shareholders	$	1,603	$	1,209
Average common shares outstanding	1,559		1,559
Net effect of the exercise and assumed purchase of stock awards	1		—
Average diluted common shares outstanding	1,560		1,559
Earnings per common share	$	1.03	$	.78
Diluted earnings per common share	$	1.03	$	.78