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Segment Reporting
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment Reporting SEGMENT REPORTING
We have three reportable business segments:
•Retail Banking
•Corporate & Institutional Banking
•Asset Management Group

Results of individual businesses are presented based on our internal management reporting practices. There is no comprehensive, authoritative body of guidance for management accounting equivalent to GAAP; therefore, the financial results of our individual businesses are not necessarily comparable with similar information for any other company. We periodically refine our internal methodologies as management reporting practices are enhanced. To the extent significant and practicable, retrospective application of new methodologies is made to prior period reportable business segment results and disclosures to create comparability with the current period.

During the second quarter of 2020, we divested our entire 22.4% investment in BlackRock, which had previously been reported as a separate business segment. See Note 2 Acquisition and Divestiture Activity for additional information on the sale and details on our results and cash flow for 2020.

Total business segment financial results differ from total consolidated net income. These differences are reflected in the “Other” category in Table 120. “Other” includes residual activities that do not meet the criteria for disclosure as a separate reportable business, such as asset and liability management activities, including net securities gains or losses, ACL for investment securities, certain trading activities, certain runoff consumer loan portfolios, private equity investments, intercompany eliminations, certain corporate overhead, tax adjustments that are not allocated to business segments, exited businesses and differences between business segment performance reporting and financial statement reporting (GAAP). Assets, revenue and earnings attributable to foreign activities were not material in the periods presented for comparison.

Financial results are presented, to the extent practicable, as if each business operated on a standalone basis. Additionally, we have aggregated the results for corporate support functions within “Other” for financial reporting purposes.

Net interest income in business segment results reflects our internal funds transfer pricing methodology. Assets receive a funding charge and liabilities and capital receive a funding credit based on a transfer pricing methodology that incorporates product repricing characteristics, tenor and other factors.

We have allocated the ALLL and the allowance for unfunded lending related commitments based on the loan exposures within each business segment’s portfolio. Key reserve assumptions and estimation processes react to and are influenced by observed changes in loan portfolio performance experience, the financial strength of the borrower and economic conditions. Key reserve assumptions are periodically updated.
Table 120: Results of Businesses
Year ended December 31
In millions		Retail
Banking		Corporate &
Institutional
Banking		Asset
Management
Group		OtherConsolidated (a)
2022
Income Statement
Net interest income$7,540 $5,179 $608 $(313)$13,014 
Noninterest income2,967 3,621 936 582 8,106 
Total revenue10,507 8,800 1,544 269 21,120 
Provision for (recapture of) credit losses259 198 28 (8)477 
Depreciation and amortization310 213 29 587 1,139 
Other noninterest expense7,288 3,438 1,057 248 12,031 
Income (loss) from continuing operations before income taxes (benefit)
  and noncontrolling interests		2,650 4,951 430 (558)7,473 
Income taxes (benefit) from continuing operations 621 1,064 100 (425)1,360 
Net income (loss) from continuing operations2,029 3,887 330 (133)6,113 
Less: Net income attributable to noncontrolling interests55 17   72 
Net income (loss) from continuing operations excluding noncontrolling
  interests		$1,974 $3,870 $330 $(133)$6,041 
Average Assets$113,829 $219,941 $14,505 $202,377 $550,652 
2021
Income Statement
Net interest income$6,206 $4,526 $476 $(561)$10,647 
Noninterest income2,796 3,783 987 998 8,564 
Total revenue9,002 8,309 1,463 437 19,211 
Provision for (recapture of) credit losses(101)(646)(7)(25)(779)
Depreciation and amortization293 208 23 542 1,066 
Other noninterest expense6,623 3,271 918 1,124 11,936 
Income (loss) from continuing operations before income taxes (benefit)
  and noncontrolling interests		2,187 5,476 529 (1,204)6,988 
Income taxes (benefit) from continuing operations508 1,138 123 (506)1,263 
Net income (loss) from continuing operations1,679 4,338 406 (698)5,725 
Less: Net income attributable to noncontrolling interests31 14 6 51 
Net income (loss) from continuing operations excluding noncontrolling
  interests		$1,648 $4,324 $406 $(704)$5,674 
Average Assets$106,331 $188,470 $11,677 $216,688 $523,166 
2020
Income Statement
Net interest income$5,609 $3,999 $357 $(19)$9,946 
Noninterest income2,519 3,062 854 520 6,955 
Total revenue8,128 7,061 1,211 501 16,901 
Provision for (recapture of) credit losses968 2,088 21 98 3,175 
Depreciation and amortization251 197 45 490 983 
Other noninterest expense5,768 2,659 813 74 9,314 
Income (loss) from continuing operations before income taxes (benefit)
  and noncontrolling interests		1,141 2,117 332 (161)3,429 
Income taxes (benefit) from continuing operations266 433 77 (350)426 
Net income from continuing operations875 1,684 255 189 3,003 
Less: Net income attributable to noncontrolling interests31 10  41 
Net income from continuing operations excluding noncontrolling
  interests		$844 $1,674 $255 $189 $2,962 
Average Assets $97,643 $183,189 $8,186 $160,277 $449,295 
(a)There were no material intersegment revenues for 2022, 2021 and 2020.

Business Segment Products and Services

Retail Banking provides deposit, lending, brokerage, insurance services, investment management and cash management products and services to consumer and small business customers. Our customers are serviced through our branch network, ATMs, call centers, online banking and mobile channels. As a result of the BBVA acquisition, we have become a coast-to-coast retail bank. Our national expansion strategy is designed to grow customers with digitally-led banking and a thin branch network as we expand into new markets. Deposit products include checking, savings and money market accounts and certificates of deposit. Lending products include residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans and personal and small business
loans and lines of credit. The residential mortgage loans are directly originated within our branch network and nationwide, and are typically underwritten to agency and/or third-party standards, and either sold, servicing retained or held on our balance sheet. Brokerage, investment management and cash management products and services include managed, education, retirement and trust accounts.

Corporate & Institutional Banking provides lending, treasury management, capital markets and advisory products and services to mid-sized and large corporations and government and not-for-profit entities. Lending products include secured and unsecured loans, letters of credit and equipment leases. The Treasury Management business 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. Capital markets and advisory includes services and activities primarily related to merger and acquisition advisory, equity capital markets advisory, asset-backed financing, loan syndication, securities underwriting and customer-related trading. We also provide commercial loan servicing and technology solutions for the commercial real estate finance industry. Products and services are provided nationally.

Asset Management Group provides private banking for high net worth and ultra high net worth clients and institutional asset management. The Asset Management group is composed of two operating units:
•PNC Private Bank provides products and services to emerging affluent, high net worth and ultra high net worth individuals and their families including investment and retirement planning, customized investment management, credit and cash management solutions, trust management and administration. In addition, multi-generational family planning services are also provided to ultra high net worth individuals and their families which include estate, financial, tax, fiduciary and customized performance reporting through PNC Private Bank Hawthorn.
•Institutional Asset Management provides outsourced chief investment officer, custody, private real estate, cash and fixed income client solutions, retirement plan fiduciary investment services to institutional clients including corporations, healthcare systems, insurance companies, unions, municipalities and non-profits.