XML 40 R22.htm IDEA: XBRL DOCUMENT
v3.21.2

Fee-Based Revenue from Contracts with Customers | 9 Months Ended
--- | ---
Sep. 30, 2021
Revenue from Contract with Customer [Abstract] |
Fee-Based Revenue from Contracts with Customers | FEE-BASED R EVENUE FROM C ONTRACTS WITH C USTOMERS As more fully described in Note 24 Fee-based Revenue from Contracts with Customers in our 2020 Form 10-K, a subset of our noninterest income relates to certain fee-based revenue within the scope of ASC Topic 606 - Revenue from Contracts with Customers (Topic 606). Fee-based revenue within the scope of Topic 606 is recognized within our three reportable business segments: Retail Banking, Corporate & Institutional Banking and Asset Management Group. Interest income, income from lease contracts, fair value gains from financial instruments (including derivatives), income from mortgage servicing rights and guarantee products, letter of credit fees, non-refundable fees associated with acquiring or originating a loan and gains from the sale of financial assets are outside of the scope of Topic 606. The following tables present noninterest income within the scope of Topic 606 disaggregated by segment. A description of the fee-based revenue and how it is recognized for each segment’s principal services and products is included in our 2020 Form 10-K. Retail Banking Table 83: Retail Banking Noninterest Income Disaggregation
| Three months ended September 30 | Nine months ended September 30 |  |  |
In millions | 2021 | 2020 | 2021 | 2020 |  |  |
Product |  |  |  |  |  |  |
Debit card fees | $ | 184 |  | $ | 136 |  | $ | 486 |  | $ | 385 |  |  |  |
Deposit account fees | 142 |  | 108 |  | 367 |  | 339 |  |  |  |
Brokerage fees | 123 |  | 94 |  | 334 |  | 273 |  |  |  |
Net credit card fees (a) | 53 |  | 50 |  | 157 |  | 130 |  |  |  |
Merchant services | 46 |  | 40 |  | 125 |  | 112 |  |  |  |
Other | 76 |  | 62 |  | 201 |  | 170 |  |  |  |
Total in-scope noninterest income by product | $ | 624 |  | $ | 490 |  | $ | 1,670 |  | $ | 1,409 |  |  |  |
Reconciliation to total Retail Banking noninterest income |  |  |  |  |  |  |
Total in-scope noninterest income | $ | 624 |  | $ | 490 |  | $ | 1,670 |  | $ | 1,409 |  |  |  |
Total out-of-scope noninterest income (b) | 38 |  | 183 |  | 352 |  | 637 |  |  |  |
Total Retail Banking noninterest income | $ | 662 |  | $ | 673 |  | $ | 2,022 |  | $ | 2,046 |  |  |  |
(a)Net credit card fees consists of interchange fees of $155 million and $121 million and credit card reward costs of $102 million and $71 million for the three months ended September 30, 2021 and 2020, respectively. Net credit card fees consists of interchange fees of $421 million and $341 million and credit card reward costs of $264 million and $211 million for the nine months ended September 30, 2021 and 2020, respectively. (b)Out-of-scope noninterest income includes revenue streams that fall under the scope of other accounting and disclosure requirements outside of Topic 606. Corporate & Institutional Banking Table 84: Corporate & Institutional Banking Noninterest Income Disaggregation
| Three months ended September 30 | Nine months ended September 30 |  |  |
In millions | 2021 | 2020 | 2021 | 2020 |  |  |
Product |  |  |  |  |  |  |
Treasury management fees | $ | 323 |  | $ | 231 |  | $ | 837 |  | $ | 665 |  |  |  |
Capital markets fees | 354 |  | 132 |  | 778 |  | 494 |  |  |  |
Commercial mortgage banking activities | 36 |  | 31 |  | 102 |  | 81 |  |  |  |
Other | 17 |  | 18 |  | 64 |  | 55 |  |  |  |
Total in-scope noninterest income by product | $ | 730 |  | $ | 412 |  | $ | 1,781 |  | $ | 1,295 |  |  |  |
Reconciliation to total Corporate & Institutional Banking noninterest income |  |  |  |  |  |  |
Total in-scope noninterest income | $ | 730 |  | $ | 412 |  | $ | 1,781 |  | $ | 1,295 |  |  |  |
Total out-of-scope noninterest income (a) | 326 |  | 311 |  | 949 |  | 848 |  |  |  |
Total Corporate & Institutional Banking noninterest income | $ | 1,056 |  | $ | 723 |  | $ | 2,730 |  | $ | 2,143 |  |  |  |
(a)Out-of-scope noninterest income includes revenue streams that fall under the scope of other accounting and disclosure requirements outside of Topic 606. Treasury Management Fees Corporate & Institutional Banking provides corporations with cash and investment management services, receivables and disbursement management services, funds transfer services, international payment services and access to online/mobile information management and reporting services. Within Treasury Management, PNC Global Transfers (formerly BBVA Transfer Services, Inc.) provides wholesale money transfer processing capabilities between the U.S. and Mexico and other countries primarily in Central America and South America. Treasury management fees are primarily recognized over time as we perform these services. Asset Management Group Table 85: Asset Management Group Noninterest Income Disaggregation
| Three months ended September 30 | Nine months ended September 30 |  |  |  |
In millions | 2021 | 2020 | 2021 | 2020 |  |  |  |
Customer Type |  |  |  |  |  |  |  |
Personal | $ | 196 |  | $ | 164 |  | $ | 554 |  | $ | 465 |  |  |  |  |
Institutional | 56 |  | 51 |  | 165 |  | 150 |  |  |  |  |
Total in-scope noninterest income by customer type (a) | $ | 252 |  | $ | 215 |  | $ | 719 |  | $ | 615 |  |  |  |  |
Reconciliation to Asset Management Group noninterest income |  |  |  |  |  |  |  |
Total in-scope noninterest income | $ | 252 |  | $ | 215 |  | $ | 719 |  | $ | 615 |  |  |  |  |
Total out-of-scope noninterest income (b) | 4 |  | 6 |  | 10 |  | 14 |  |  |  |  |
Total Asset Management Group noninterest income | $ | 256 |  | $ | 221 |  | $ | 729 |  | $ | 629 |  |  |  |  |
(a)Amounts include $248 million of Asset Management Fees and $4 million of Brokerage Fees for the three months ended September 30, 2021. Amounts include $713 million of Asset Management Fees and $6 million of Brokerage Fees for the nine months ended September 30, 2021. Amounts for the three and nine months ended September 30, 2020 consist only of Asset Management Fees. As described in the "Asset Management Services and Brokerage Fees" narrative following this table 85, Brokerage Fees were assumed by the Asset Management Group as a result of the BBVA acquisition.. (b)Out-of-scope noninterest income includes revenue streams that fall under the scope of other accounting and disclosure requirements outside of Topic 606. Asset Management Services and Brokerage Fees Asset Management Group provides both personal wealth and institutional asset management services including investment management, custody services, retirement planning, family planning, trust management and retirement plan fiduciary investment services. As a result of the acquisition of BBVA, the Asset Management Group assumed brokerage account client assets, resulting in brokerage fee revenue, included in the table above for the three and nine months ended September 30, 2021. We recognize fee revenue over the term of the customer contract based on the value of assets under management at a point in time.

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

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration