XML 55 R33.htm IDEA: XBRL DOCUMENT
v3.22.1

Total Equity and Other Comprehensive Income (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Other Comprehensive Income [Abstract] |
Rollforward of Total Equity | Activity in total equity for the three months ended March 31, 2022 and 2021 is as follows: Table 57: Rollforward of Total Equity
|  |  | Shareholders’ Equity |  |  |  |
In millions | Shares Outstanding Common Stock |  | Common Stock | Capital Surplus - Preferred Stock | Capital Surplus - Common Stock and Other | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock |  | Non- controlling Interests | Total Equity |
Three months ended |  |  |  |  |  |  |  |  |  |  |  |
Balance at December 31, 2020 (a) | 424 |  |  | $ | 2,713 |  | $ | 3,517 |  | $ | 12,367 |  | $ | 46,848 |  | $ | 2,770 |  | $ | (14,205) |  |  | $ | 31 |  | $ | 54,041 |  |
Net income |  |  |  |  |  | 1,816 |  |  |  |  | 10 |  | 1,826 |  |
Other comprehensive income (loss), net of tax |  |  |  |  |  |  | (1,480) |  |  |  |  | (1,480) |  |
Cash dividends declared - Common |  |  |  |  |  | (493) |  |  |  |  |  | (493) |  |
Cash dividends declared - Preferred |  |  |  |  |  | (57) |  |  |  |  |  | (57) |  |
Preferred stock discount accretion |  |  |  | 1 |  |  | (1) |  |  |  |  |  |  |
Treasury stock activity | 1 |  |  |  |  | 69 |  |  |  | 59 |  |  |  | 128 |  |
Other |  |  |  |  | (75) |  |  |  |  |  | (11) |  | (86) |  |
Balance at March 31, 2021 (a) | 425 |  |  | $ | 2,713 |  | $ | 3,518 |  | $ | 12,361 |  | $ | 48,113 |  | $ | 1,290 |  | $ | (14,146) |  |  | $ | 30 |  | $ | 53,879 |  |
Balance at December 31, 2021 (a) | 420 |  |  | $ | 2,713 |  | $ | 5,009 |  | $ | 12,448 |  | $ | 50,228 |  | $ | 409 |  | $ | (15,112) |  |  | $ | 31 |  | $ | 55,726 |  |
Net income |  |  |  |  |  | 1,408 |  |  |  |  | 21 |  | 1,429 |  |
Other comprehensive income (loss), net of tax |  |  |  |  |  |  | (6,140) |  |  |  |  | (6,140) |  |
Cash dividends declared - Common |  |  |  |  |  | (531) |  |  |  |  |  | (531) |  |
Cash dividends declared - Preferred |  |  |  |  |  | (45) |  |  |  |  |  | (45) |  |
Preferred stock discount accretion |  |  |  | 2 |  |  | (2) |  |  |  |  |  |  |
Treasury stock activity | (5) |  |  |  |  | 45 |  |  |  | (1,234) |  |  |  | (1,189) |  |
Other |  |  |  |  | (17) |  |  |  |  |  | (17) |  | (34) |  |
Balance at March 31, 2022 (a) | 415 |  |  | $ | 2,713 |  | $ | 5,011 |  | $ | 12,476 |  | $ | 51,058 |  | $ | (5,731) |  | $ | (16,346) |  |  | $ | 35 |  | $ | 49,216 |  |
(a)The par value of our preferred stock outstanding was less than $0.5 million at each date and, therefore, is excluded from this presentation.
Other Comprehensive Income (Loss) | Details of other comprehensive income (loss) are as follows: Table 58: Other Comprehensive Income (Loss)
|  | Three months ended March 31 |
|  |  | 2022 |  | 2021 |
In millions |  |  |  |  |  |  | Pre-tax | Tax effect | After-tax |  | Pre-tax | Tax effect | After-tax |
Debt securities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains (losses) on securities |  |  |  |  |  |  | $ | (6,318) |  | $ | 1,489 |  | $ | (4,829) |  |  | $ | (1,181) |  | $ | 278 |  | $ | (903) |  |
Less: Net realized gains (losses) reclassified to earnings (a) |  |  |  |  |  |  | (3) |  | 1 |  | (2) |  |  | 13 |  | (3) |  | 10 |  |
Net change |  |  |  |  |  |  | (6,315) |  | 1,488 |  | (4,827) |  |  | (1,194) |  | 281 |  | (913) |  |
Cash flow hedge derivatives |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains (losses) on cash flow hedge derivatives |  |  |  |  |  |  | (1,656) |  | 390 |  | (1,266) |  |  | (640) |  | 151 |  | (489) |  |
Less: Net realized gains (losses) reclassified to earnings (a) |  |  |  |  |  |  | 102 |  | (24) |  | 78 |  |  | 135 |  | (32) |  | 103 |  |
Net change |  |  |  |  |  |  | (1,758) |  | 414 |  | (1,344) |  |  | (775) |  | 183 |  | (592) |  |
Pension and other postretirement benefit plan adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net pension and other postretirement benefit plan activity and other reclassified to earnings (b) |  |  |  |  |  |  | 54 |  | (13) |  | 41 |  |  | 30 |  | (7) |  | 23 |  |
Net change |  |  |  |  |  |  | 54 |  | (13) |  | 41 |  |  | 30 |  | (7) |  | 23 |  |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains (losses) on other transactions |  |  |  |  |  |  | (3) |  | (7) |  | (10) |  |  | 1 |  | 1 |  | 2 |  |
Net change |  |  |  |  |  |  | (3) |  | (7) |  | (10) |  |  | 1 |  | 1 |  | 2 |  |
Total other comprehensive income (loss) |  |  |  |  |  |  | $ | (8,022) |  | $ | 1,882 |  | $ | (6,140) |  |  | $ | (1,938) |  | $ | 458 |  | $ | (1,480) |  |
(a)Reclassifications for pre-tax debt securities and cash flow hedges are recorded in Interest income and Noninterest income on the Consolidated Income Statement. (b)Reclassifications include amortization of actuarial losses (gains) and amortization of prior period services costs (credits) which are recorded in noninterest expense on the Consolidated Income Statement.
Accumulated Other Comprehensive Income (Loss) Components | Table 59: Accumulated Other Comprehensive Income (Loss) Components
In millions, after-tax | Debt securities |  | Cash flow hedge derivatives |  | Pension and other postretirement benefit plan adjustments |  | Other |  |  |  |  | Total |
Three months ended |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at December 31, 2020 | $ | 2,462 |  |  | $ | 659 |  |  | $ | (345) |  |  | $ | (6) |  |  |  |  |  | $ | 2,770 |  |
Net activity | (913) |  |  | (592) |  |  | 23 |  |  | 2 |  |  |  |  |  | (1,480) |  |
Balance at March 31, 2021 | $ | 1,549 |  |  | $ | 67 |  |  | $ | (322) |  |  | $ | (4) |  |  |  |  |  | $ | 1,290 |  |
Balance at December 31, 2021 | $ | 589 |  |  | $ | (201) |  |  | $ | 27 |  |  | $ | (6) |  |  |  |  |  | $ | 409 |  |
Net activity (a) | (4,827) |  |  | (1,344) |  |  | 41 |  |  | (10) |  |  |  |  |  | (6,140) |  |
Balance at March 31, 2022 (b) | $ | (4,238) |  |  | $ | (1,545) |  |  | $ | 68 |  |  | $ | (16) |  |  |  |  |  | $ | (5,731) |  |
(a)During the first quarter of 2022, we transferred securities with a fair value of $18.7 billion from available for sale to held to maturity. AOCI included net pretax unrealized losses of $1.3 billion at transfer. These unrealized losses will be amortized, consistent with the amortization of the discount on these securities, over the remaining life as an adjustment of yield, resulting in no impact to net interest income or net income. (b)At March 31, 2022, AOCI included pretax losses of $22.1 million from derivatives that hedged the purchase of investment securities classified as held to maturity.
Dividends Per Share | The following table provides the dividends per share for PNC's common and preferred stock: Table 60: Dividends Per Share
| Three months ended March 31 |
| 2022 | 2021 |  |
Common Stock | $ | 1.25 |  | $ | 1.15 |  |  |
Preferred Stock |  |  |  |
Series B | $ | 0.45 |  | $ | 0.45 |  |  |
Series O | $ | 974 |  | $ | 3,375 |  |  |
Series P | $ | 1,531 |  | $ | 1,531 |  |  |
Series T | $ | 850 |  |  |  |

X
- Definition Accumulated Other Comprehensive Income Loss Detail. + References No definition available. + Details
Name: | pnc_ChangeInAccumulateOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | pnc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Total Equity and Other Comprehensive Income disclosure + References No definition available. + Details
Name: | pnc_OtherComprehensiveIncomeAbstract
Namespace Prefix: | pnc_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to dividends declared, including paid and unpaid dividends. + References No definition available. + Details
Name: | us-gaap_DividendsDeclaredTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21463-112644 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration