XML 27 R14.htm IDEA: XBRL DOCUMENT
v3.23.3

Commitments | 9 Months Ended
--- | ---
Sep. 30, 2023
Commitments and Guarantees [Abstract] |
Commitments | COMMITMENTSIn the normal course of business, we have various commitments outstanding, certain of which are not included on our Consolidated Balance Sheet. The following table presents our outstanding commitments to extend credit along with other commitments as of September 30, 2023 and December 31, 2022, respectively.Table 60: Commitments to Extend Credit and Other Commitments
In millions | September 30, 2023 |  | December 31, 2022 |
Commitments to extend credit |  |  |  |
Commercial (a) | $ | 209,397 |  |  | $ | 198,542 |  |
Home equity | 24,037 |  |  | 22,783 |  |
Credit card | 34,197 |  |  | 33,066 |  |
Other | 7,741 |  |  | 7,337 |  |
Total commitments to extend credit | 275,372 |  |  | 261,728 |  |
Net outstanding standby letters of credit (b) | 10,326 |  |  | 10,575 |  |
Standby bond purchase agreements (c) | 1,088 |  |  | 1,208 |  |
Other commitments (d) | 3,585 |  |  | 3,661 |  |
Total commitments to extend credit and other commitments | $ | 290,371 |  |  | $ | 277,172 |  |
(a)September 30, 2023 includes approximately $16 billion of acquired Signature Bridge Bank, N.A capital commitments facilities. (b)Net outstanding standby letters of credit include $3.6 billion at both September 30, 2023 and December 31, 2022, which support remarketing programs. (c)We enter into standby bond purchase agreements to support municipal bond obligations. (d)Includes $2.1 billion and $2.2 billion related to investments in qualified affordable housing projects at September 30, 2023 and December 31, 2022, respectively. Commitments to Extend Credit Commitments to extend credit, or net unfunded loan commitments, represent arrangements to lend funds or provide liquidity subject to specified contractual conditions. These commitments generally have fixed expiration dates, may require payment of a fee and generally contain termination clauses in the event the customer’s credit quality deteriorates. Net Outstanding Standby Letters of Credit We issue standby letters of credit and share in the risk of standby letters of credit issued by other financial institutions, in each case to support obligations of our customers to third parties, such as insurance requirements and the facilitation of transactions involving capital markets product execution. Approximately 98% of our net outstanding standby letters of credit were rated as Pass at September 30, 2023, with the remainder rated as Criticized. An internal credit rating of Pass indicates the expected risk of loss is currently low, while a rating of Criticized indicates a higher degree of risk. If the customer fails to meet its financial or performance obligation to the third party under the terms of the contract or there is a need to support a remarketing program, then upon a draw by a beneficiary, subject to the terms of the letter of credit, we would be obligated to make payment to them. The standby letters of credit outstanding on September 30, 2023 had terms ranging from less than one year to seven years. As of September 30, 2023, assets of $1.2 billion secured certain specifically identified standby letters of credit. In addition, a portion of the remaining standby letters of credit issued on behalf of specific customers is secured by collateral or guarantees that secure the customers’ other obligations to us. The carrying amount of the liability for our obligations related to standby letters of credit and participations in standby letters of credit was $0.2 billion at September 30, 2023 and is included in Other liabilities on our Consolidated Balance Sheet.

X
- Definition Commitments and Guarantees + References No definition available. + Details
Name: | pnc_CommitmentsAndGuaranteesAbstract
Namespace Prefix: | pnc_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for commitments, contingencies, and guarantees. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 450 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//450/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 440 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//440/tableOfContent Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 460 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//460/tableOfContent + Details
Name: | us-gaap_CommitmentsContingenciesAndGuaranteesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration