Awards
| Year | Award | Category | Movie | Result |
|---|---|---|---|---|
| 2008 | Golden Globes | Best Performance by an Actress in a Motion Picture - Musical or Comedy | Burn After Reading | Nominated |
| 2008 | Utah Film Critics | Best Supporting Actress | Burn After Reading | Nominated |
| 2006 | Independent Spirit Awards | Best Supporting Actress | Friends with Money | Won |
| 2005 | Academy Awards | Best Supporting Actress | North Country | Nominated |
| 2005 | British Academy of Film and Television Arts | Best Supporting Actress | North Country | Nominated |
| 2005 | Broadcast Film Critics Association | Best Supporting Actress | North Country | Nominated |
| 2005 | Golden Globes | Best Performance by an Actress in a Supporting Role in a Motion Picture | North Country | Nominated |
| 2005 | Las Vegas Film Critics Association | Best Supporting Actress | North Country | Won |
| 2005 | Screen Actors Guild | Best Supporting Actress | North Country | Nominated |
| 2003 | Independent Spirit Awards | Best Supporting Actress | Laurel Canyon | Nominated |
| 2000 | Academy Awards | Best Supporting Actress | Almost Famous | Nominated |
| 2000 | British Academy of Film and Television Arts | Best Supporting Actress | Almost Famous | Nominated |
| 2000 | Broadcast Film Critics Association | Best Supporting Actress | Almost Famous | Won |
| 2000 | Broadcast Film Critics Association | Best Supporting Actress | Wonder Boys | Won |
| 2000 | Chicago Film Critics Association | Best Supporting Actress | Almost Famous | Won |
| 2000 | Golden Globes | Best Performance by an Actress in a Supporting Role in a Motion Picture | Almost Famous | Nominated |
| 2000 | Los Angeles Film Critics Association | Best Supporting Actress | Almost Famous | Won |
| 2000 | Los Angeles Film Critics Association | Best Supporting Actress | Wonder Boys | Won |
| 2000 | Screen Actors Guild | Best Supporting Actress | Almost Famous | Nominated |
| 1996 | Academy Awards | Best Actress | Fargo (1996) | Won |
| 1996 | Broadcast Film Critics Association | Best Actress | Fargo (1996) | Won |
| 1996 | Chicago Film Critics Association | Best Actress | Fargo (1996) | Won |
| 1996 | Independent Spirit Awards | Best Actress | Fargo (1996) | Won |
| 1996 | National Board of Review | Best Actress | Fargo (1996) | Won |
| 1996 | Screen Actors Guild | Best Actress | Fargo (1996) | Won |
| 1988 | Academy Awards | Best Supporting Actress | Mississippi Burning | Nominated |
| 1988 | National Board of Review | Best Supporting Actress | Mississippi Burning | Won |
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