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Equity (Tables) | 12 Months Ended
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Dec. 31, 2020
Equity [Abstract] |
Preferred Stock - Authorized, Issued and Outstanding | The following table provides the number of preferred shares issued and outstanding, the liquidation value per share and the number of authorized preferred shares: Table 77: Preferred Stock - Authorized, Issued and Outstanding
|  |  |  | Preferred Shares |
December 31 Shares in thousands |  | Liquidation value per share |  | 2020 |  | 2019 |
Authorized |  |  |  |  |  |  |
$1 par value |  |  |  | 20,000 |  |  | 20,000 |  |
Issued and outstanding |  |  |  |  |  |  |
Series B |  | $ | 40 |  |  | 1 |  |  | 1 |  |
Series O |  | $ | 100,000 |  |  | 10 |  |  | 10 |  |
Series P |  | $ | 100,000 |  |  | 15 |  |  | 15 |  |
Series Q (a) |  | $ | 100,000 |  |  |  |  | 5 |  |
Series R |  | $ | 100,000 |  |  | 5 |  |  | 5 |  |
Series S |  | $ | 100,000 |  |  | 5 |  |  | 5 |  |
Total issued and outstanding |  |  |  | 36 |  |  | 41 |  |
(a)On September 1, 2020, PNC redeemed all 4,800 shares of its Series Q Preferred Stock, as well as all 19.2 million Depositary Shares representing fractional interest in such shares.
Terms Of Outstanding Preferred Stock | The following table discloses information related to the preferred stock outstanding as of December 31, 2020: Table 78: Terms of Outstanding Preferred Stock
Preferred Stock | Issue Date | Number of Depositary Shares Issued and Outstanding | Fractional Interest in a share of preferred stock represented by each Depositary Share | Dividend Dates (a) | Annual Per Share Dividend Rate | Optional Redemption Date (b)
Series B (c) | (c) | N/A | N/A | Quarterly from March 10 th |  | $ | 1.80 |  | None
Series O (d) | July 27, 2011 | 1 million | 1/100 th | Semi-annually beginning on February 1, 2012 until August 1, 2021 Quarterly beginning on November 1, 2021 | 6.75% until August 1, 2021 3 Mo. LIBOR plus 3.678% per annum beginning on August 1, 2021 | August 1, 2021
Series P (d) | April 24, 2012 | 60 million | 1/4,000 th | Quarterly beginning on August 1, 2012 | 6.125% until May 1, 2022 3 Mo. LIBOR plus 4.0675% per annum beginning on May 1, 2022 | May 1, 2022
Series R (d) | May 7, 2013 | 500,000 |  | 1/100 th | Semi-annually beginning on December 1, 2013 until June 1, 2023 Quarterly beginning on September 1, 2023 | 4.85% until June 1, 2023 3 Mo. LIBOR plus 3.04% per annum beginning June 1, 2023 | June 1, 2023
Series S (d) | November 1, 2016 | 525,000 |  | 1/100 th | Semi-annually beginning on May 1, 2017 until November 1, 2026 Quarterly beginning on February 1, 2027 | 5.00% until November 1, 2026 3 Mo. LIBOR plus 3.30% per annum beginning November 1, 2026 | November 1, 2026
(a)Dividends are payable when, as, and if declared by our Board of Directors or an authorized committee of our Board of Directors. (b)Redeemable at our option on or after the date stated. With the exception of the Series B preferred stock, redeemable at our option within 90 days of a regulatory capital treatment event as defined in the designations. (c)Cumulative preferred stock. Holders of Series B preferred stock are entitled to 8 votes per share, which is equal to the number of full shares of common stock into which the Series B preferred stock is convertible. The Series B preferred stock was issued in connection with the consolidation of Pittsburgh National Corporation and Provident National Corporation in 1983. (d)Non-Cumulative preferred stock.
Dividends Per Share | The following table provides the dividends per share for PNC's common and preferred stock: Table 79: Dividends Per Share
December 31 | 2020 | 2019 | 2018
Common Stock | $ | 4.60 |  | $ | 4.20 |  | $ | 3.40 |
Preferred Stock |  |  |
Series B | $ | 1.80 |  | $ | 1.80 |  | $ | 1.80 |
Series O | $ | 6,750 |  | $ | 6,750 |  | $ | 6,750 |
Series P | $ | 6,125 |  | $ | 6,125 |  | $ | 6,125 |
Series Q | $ | 4,031 |  | $ | 5,375 |  | $ | 5,375 |
Series R | $ | 4,850 |  | $ | 4,850 |  | $ | 4,850 |
Series S | $ | 5,000 |  | $ | 5,000 |  | $ | 5,000 |

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- Definition Tabular disclosure of terms of an entity's outstanding preferred stock as of current period end. These terms may include series, date issued, number of shares issued, dividend dates, and other information regarding outstanding preferred stock. + References No definition available. + Details
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- Definition Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65888546&loc=d3e21300-112643 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21553-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=65877616&loc=d3e177068-122764 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21488-112644 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(27)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21484-112644 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
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