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Earnings Per Share - Components of Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Earnings Per Share [Abstract]    
Net income attributable to U.S. Bancorp $ 1,709 $ 1,319
Preferred dividends (95) [1] (102) [2]
Earnings allocated to participating stock awards (11) (8)
Net income applicable to U.S. Bancorp common shareholders 1,603 1,209
Net income applicable to U.S. Bancorp common shareholders, diluted $ 1,603 $ 1,209
Average common shares outstanding (in shares) 1,559 1,559
Average diluted common shares outstanding (in shares) 1,560 1,559
Earnings per common share (in dollars per share) $ 1.03 $ 0.78
Diluted earnings per common share (in dollars per share) $ 1.03 $ 0.78
Net effect of the exercise and assumed purchase of stock awards (in shares) 1 0
[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 $1,395.898, $322.724, $662.50, $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 J, Series K, Series L, Series M, Series N and Series O Non-Cumulative Perpetual Preferred Stock of $1,667.221, $390.264, $662.50, $343.75, $234.375, $250.00, $231.25 and $281.25, respectively.