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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2018
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)   2018     2017  

Net income attributable to U.S. Bancorp

   $ 1,675     $ 1,473  

Preferred dividends

     (70 )      (69 ) 

Impact of preferred stock call (a)

     –       (10 ) 

Earnings allocated to participating stock awards

     (8 )      (7 ) 

Net income applicable to U.S. Bancorp common shareholders

   $ 1,597     $ 1,387  

Average common shares outstanding

     1,652       1,694  

Net effect of the exercise and assumed purchase of stock awards

     5       7  

Average diluted common shares outstanding

     1,657       1,701  

Earnings per common share

   $ .97     $ .82  

Diluted earnings per common share

   $ .96     $ .82  

 

(a) Represents stock issuance costs originally recorded in preferred stock upon the issuance of the Company’s Series G Preferred Stock that were reclassified to retained earnings on the date the Company announced its intent to redeem the outstanding shares.