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Consolidated Statement of Changes in Equity - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Effect, Period of Adoption, Adjusted Balance
[1]
Common stock
Common stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Capital Surplus - Preferred Stock
Capital Surplus - Preferred Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
[1]
Capital Surplus - Common Stock and Other
Capital Surplus - Common Stock and Other
Cumulative Effect, Period of Adoption, Adjusted Balance
[1]
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
Cumulative Effect, Period of Adoption, Adjusted Balance
[1]
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Cumulative Effect, Period of Adoption, Adjustment
[2]
Accumulated Other Comprehensive Income (Loss)
Cumulative Effect, Period of Adoption, Adjusted Balance
[1]
Treasury Stock
Treasury Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
[1]
Noncontrolling Interests
Noncontrolling Interests
Cumulative Effect, Period of Adoption, Adjusted Balance
[1]
Beginning Balance (in shares) at Dec. 31, 2017 [1]       473,000,000 473,000,000                            
Common Stock [Abstract]                                      
Treasury stock activity, shares       (16,000,000)                              
Ending Balance, (in shares) at Dec. 31, 2018 [1]       457,000,000 457,000,000                            
Total Equity, Beginning Balance at Dec. 31, 2017 $ 47,585.0 [1] $ (16.0) [2] $ 47,569.0 $ 2,710.0 [1] $ 2,710.0 [1] $ 3,985.0 [1] $ 3,985.0 $ 12,389.0 [1] $ 12,389.0 $ 35,481.0 [1] $ (22.0) [2] $ 35,459.0 $ (148.0) [1] $ 6.0 $ (142.0) $ (6,904.0) [1] $ (6,904.0) $ 72.0 [1] $ 72.0
Common Stock [Abstract]                                      
Accounting Standards Update [Extensible List] us-gaap:AccountingStandardsUpdate201602Member                                    
Net income $ 5,346.0                 5,301.0               45.0  
Other comprehensive income (loss), net of tax (583.0)                       (583.0)            
Dividends, Cash [Abstract]                                      
Common (1,601.0)                 (1,601.0)                  
Preferred (236.0)                 (236.0)                  
Preferred stock discount accretion           4.0       (4.0)                  
Common stock activity [3] 20.0     1.0       19.0                      
Treasury stock activity (2,651.0)             (101.0)               (2,550.0)      
Other (94.0)         (3.0)   (16.0)                   (75.0)  
Total Equity, Ending Balance at Dec. 31, 2018 47,770.0 [1] 62.0 [4] 47,832.0 $ 2,711.0 [1] $ 2,711.0 [1] 3,986.0 [1] 3,986.0 12,291.0 [1] 12,291.0 38,919.0 [1] 62.0 [4] 38,981.0 (725.0) [1]   (725.0) (9,454.0) [1] (9,454.0) 42.0 [1] 42.0
Dividends, Cash [Abstract]                                      
Common stock activity, shares       500,000                              
Par value less than $.5 million at each date $ 0.5                                    
Treasury stock activity, shares       (24,000,000)                              
Ending Balance, (in shares) at Dec. 31, 2019 [1]       433,000,000 433,000,000                            
Common Stock [Abstract]                                      
Accounting Standards Update [Extensible List] us-gaap:AccountingStandardsUpdate201613Member                                    
Net income $ 5,418.0                 5,369.0               49.0  
Other comprehensive income (loss), net of tax 1,524.0                       1,524.0            
Dividends, Cash [Abstract]                                      
Common (1,895.0)                 (1,895.0)                  
Preferred (236.0)                 (236.0)                  
Preferred stock discount accretion           4.0       (4.0)                  
Common stock activity [3] 21.0     $ 1.0       20.0                      
Treasury stock activity (3,324.0)             3.0               (3,327.0)      
Other 3.0         3.0   62.0                   (62.0)  
Total Equity, Ending Balance at Dec. 31, 2019 49,343.0 [1] $ (671.0) [5] $ 48,672.0 $ 2,712.0 [1] $ 2,712.0 [1] 3,993.0 [1] $ 3,993.0 12,376.0 [1] $ 12,376.0 42,215.0 [1] $ (671.0) $ 41,544.0 799.0 [1]   $ 799.0 (12,781.0) [1] $ (12,781.0) 29.0 [1] $ 29.0
Dividends, Cash [Abstract]                                      
Common stock activity, shares       500,000                              
Par value less than $.5 million at each date $ 0.5                                    
Common stock held in treasury at cost (shares) 109,000,000                                    
Treasury stock activity, shares       (9,000,000)                              
Ending Balance, (in shares) at Dec. 31, 2020       424,000,000                              
Common Stock [Abstract]                                      
Net income $ 7,558.0                 7,517.0               41.0  
Other comprehensive income (loss), net of tax 1,971.0                       1,971.0            
Dividends, Cash [Abstract]                                      
Common (1,980.0)                 (1,980.0)                  
Preferred (229.0)                 (229.0)                  
Preferred stock discount accretion           4.0       (4.0)                  
Common stock activity [3] 24.0     $ 1.0       23.0                      
Treasury stock activity (1,370.0)             54.0               (1,424.0)      
Other (125.0)           (86.0)                   (39.0)  
Preferred stock redemption - Series Q [6] (480.0)         (480.0)                          
Total Equity, Ending Balance at Dec. 31, 2020 54,041.0     $ 2,713.0   $ 3,517.0   $ 12,367.0   $ 46,848.0     $ 2,770.0     $ (14,205.0)   $ 31.0  
Dividends, Cash [Abstract]                                      
Common stock activity, shares [3]       500,000                              
Par value less than $.5 million at each date $ 0.5                                    
Common stock held in treasury at cost (shares) 119,000,000                                    
[1] The par value of our preferred stock outstanding was less than $0.5 million at each date and, therefore, is excluded from this presentation.
[2] Represents the cumulative effect of adopting ASU 2014-09, ASU 2016-01, ASU 2017-12 and ASU 2018-02.
[3] Common stock activity totaled less than 0.5 million shares issued.
[4] Represents the impact of the adoption of ASU 2016-02 related primarily to deferred gains on previous sale-leaseback transactions.
[5] Represents the impact of the adoption ASU 2016-13 - Financial Instruments - Credit Losses. See the Recently Adopted Accounting Standards portion of Note 1 Accounting Policies in this Report for additional detail on this adoption.
[6] 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