XML 121 R55.htm IDEA: XBRL DOCUMENT
v3.20.2

Parent Company (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract] |
Income Statement - Parent Company | Table 96: Parent Company – Income Statement
Year ended December 31 – in millions | 2019 |  |  | 2018 |  |  | 2017 |
Operating Revenue |  |  |  |  |
Dividends from: |  |  |  |  |
Bank subsidiaries and bank holding company | $ | 3,570 |  |  | $ | 2,639 |  |  | $ | 2,926 |
Non-bank subsidiaries | 170 |  |  | 157 |  |  | 376 |
Interest income | 169 |  |  | 147 |  |  | 109 |
Noninterest income | 48 |  |  | (1 | ) |  | 37 |
Total operating revenue | 3,957 |  |  | 2,942 |  |  | 3,448 |
Operating Expense |  |  |  |  |
Interest expense | 325 |  |  | 281 |  |  | 215 |
Other expense | 146 |  |  | 139 |  |  | 175 |
Total operating expense | 471 |  |  | 420 |  |  | 390 |
Income before income taxes and equity in undistributed net income of subsidiaries | 3,486 |  |  | 2,522 |  |  | 3,058 |
Equity in undistributed net income of subsidiaries: |  |  |  |  |
Bank subsidiaries and bank holding company | 671 |  |  | 1,602 |  |  | 1,249 |
Non-bank subsidiaries | 164 |  |  | 181 |  |  | (98 | )
Income from continuing operations before taxes | $ | 4,321 |  |  | $ | 4,305 |  |  | 4,209 |
Income tax benefit from continuing operations | (221 | ) |  | (208 | ) |  | (339 | )
Net income from continuing operations | 4,542 |  |  | 4,513 |  |  | 4,548 |
Dividends from discontinued operations |  |  |  |  |
Bank subsidiaries and bank holding company | 460 |  |  | 418 |  |  | 352 |
Equity in undistributed net income of subsidiaries from discontinued operations: |  |  |  |  |
Bank subsidiaries and bank holding company | 528 |  |  | 524 |  |  | 725 |
Income from discontinued operations before taxes | 988 |  |  | 942 |  |  | 1,077 |
Income taxes from discontinued operations | 161 |  |  | 154 |  |  | 287 |
Net income from discontinued operations | 827 |  |  | 788 |  |  | 790 |
Net income | $ | 5,369 |  |  | $ | 5,301 |  |  | $ | 5,338 |
Other comprehensive income, net of tax: |  |  |  |  |
Net pension and other postretirement benefit plan activity arising during the period | (2 | ) |  | 1 |  |  | 1 |
Other comprehensive income (loss) | (2 | ) |  | 1 |  |  | 1 |
Comprehensive income | $ | 5,367 |  |  | $ | 5,302 |  |  | $ | 5,339 |
Balance Sheet - Parent company | Table 97: Parent Company – Balance Sheet
December 31 – in millions | 2019 |  |  | 2018 |
Assets |  |  |
Cash held at banking subsidiary | $ | 6 |  |  | $ | 6 |
Restricted deposits with banking subsidiary | 175 |  |  | 175 |
Nonrestricted interest-earning deposits | 7,024 |  |  | 4,655 |
Investments in: |  |  |
Bank subsidiaries and bank holding company | 41,882 |  |  | 39,623 |
Non-bank subsidiaries | 2,054 |  |  | 1,886 |
Net investment held for sale | 6,772 |  |  | 6,240 |
Loans with affiliates | 730 |  |  | 1,397 |
Other assets | 1,512 |  |  | 1,159 |
Total assets | $ | 60,155 |  |  | $ | 55,141 |
Liabilities |  |  |
Subordinated debt (a) | $ | 986 |  |  | $ | 1,652 |
Senior debt (a) | 8,849 |  |  | 5,061 |
Other borrowed funds from affiliates | 307 |  |  | 79 |
Accrued expenses and other liabilities | 699 |  |  | 619 |
Total liabilities | 10,841 |  |  | 7,411 |
Equity |  |  |
Shareholders’ equity | 49,314 |  |  | 47,730 |
Total liabilities and equity | $ | 60,155 |  |  | $ | 55,141 |
(a) See Note 11 Borrowed Funds for additional information on contractual rates and maturity dates of senior debt and subordinated debt for parent company.
Interest Paid and Income Tax Refunds (Payments) - Parent company | Table 98: Parent Company – Interest Paid and Income Tax Refunds (Payments)
Year ended December 31 – in millions |  | Interest Paid |  |  | Income Tax Refunds/(Payments) |
2019 |  | $ | 300 |  |  | $ | 26 |
2018 |  | $ | 288 |  |  | $ | 88 |
2017 |  | $ | 287 |  |  | $ | 40 |
Statement of Cash Flows - Parent company | Table 99: Parent Company – Statement of Cash Flows
Year ended December 31 – in millions | 2019 |  |  | 2018 |  |  | 2017 |
Operating Activities |  |  |  |  |
Net income | $ | 5,369 |  |  | $ | 5,301 |  |  | $ | 5,338 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Equity in undistributed net earnings of subsidiaries | (1,363 | ) |  | (2,307 | ) |  | (1,974 | )
Return on investment in subsidiary |  |  |  |  |  | 98 |
Other | 218 |  |  | 155 |  |  | 194 |
Net cash provided (used) by operating activities | $ | 4,224 |  |  | $ | 3,149 |  |  | $ | 3,656 |
Investing Activities |  |  |  |  |
Net change in loans and securities from affiliates | $ | 664 |  |  | $ | 540 |  |  | $ | 114 |
Net change in nonrestricted interest-earning deposits | (2,369 | ) |  | 1,145 |  |  | (1,116 | )
Other | (8 | ) |  | 2 |  |  |  |
Net cash provided (used) by investing activities | $ | (1,713 | ) |  | $ | 1,687 |  |  | $ | (1,002 | )
Financing Activities |  |  |  |  |
Net change in other borrowed funds from affiliates | $ | 228 |  |  | $ | (29 | ) |  | $ | 316 |
Proceeds from long-term borrowings | 4,180 |  |  | 498 |  |  | 1,325 |
Repayments of long-term borrowings | (1,300 | ) |  | (553 | ) |  | (580 | )
Net change in commercial paper |  |  | (100 | ) |  | 100 |
Common and treasury stock issuances | 90 |  |  | 69 |  |  | 132 |
Acquisition of treasury stock | (3,578 | ) |  | (2,877 | ) |  | (2,447 | )
Preferred stock cash dividends paid | (236 | ) |  | (236 | ) |  | (236 | )
Common stock cash dividends paid | (1,895 | ) |  | (1,603 | ) |  | (1,264 | )
Net cash provided (used) by financing activities | $ | (2,511 | ) |  | $ | (4,831 | ) |  | $ | (2,654 | )
Net increase (decrease) in cash and due from banks | $ | — |  |  | $ | 5 |  |  | $ | — |
Net cash provided by operating activities of discontinued operations | 299 |  |  | 264 |  |  | 65 |
Net cash activity from continuing operations | (299 | ) |  | (259 | ) |  | (65 | )
Cash and restricted deposits held at banking subsidiary at beginning of year | 181 |  |  | 176 |  |  | 176 |
Cash and restricted deposits held at banking subsidiary at end of year | $ | 181 |  |  | $ | 181 |  |  | $ | 176 |

X
- Definition Balance sheet - Parent company + References No definition available. + Details
Name: | pnc_BalanceSheetParentCompanyTableTextBlock
Namespace Prefix: | pnc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Income statement - Parent company + References No definition available. + Details
Name: | pnc_IncomeStatementParentCompanyTableTextBlock
Namespace Prefix: | pnc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Interest paid and Income tax refunds (payments) - Parent company + References No definition available. + Details
Name: | pnc_InterestPaidAndIncomeTaxRefundsParentCompanyTableTextBlock
Namespace Prefix: | pnc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Statement of cash flows - Parent company + References No definition available. + Details
Name: | pnc_StatementOfCashFlowsParentCompanyTableTextBlock
Namespace Prefix: | pnc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration