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Total Equity and Other Comprehensive Income (Tables)
 6 Months Ended
Jun. 30, 2021
Other Comprehensive Income [Abstract]  
Rollforward of Total Equity Activity in total equity for the three and six months ended June 30, 2021 and 2020 is as follows:
Table 66: Rollforward of Total Equity
  Shareholders’ Equity    
In millionsShares
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 March 31, 2020 (a)424 $2,712 $3,994 $12,294 $41,885 $2,518 $(14,140)$27 $49,290 
Net income3,648 7 3,655 
Other comprehensive income, net of tax551 551 
Cash dividends declared - Common(491)(491)
Cash dividends declared - Preferred(55)(55)
Preferred stock discount accretion1 (1)
Common stock activity11 11 
Treasury stock activity1 2 12 14 
Other(18)(9)(27)
Balance at June 30, 2020 (a)425 $2,712 $3,995 $12,289 $44,986 $3,069 $(14,128)$25 $52,948 
Balance at March 31, 2021 (a)425 $2,713 $3,518 $12,361 $48,113 $1,290 $(14,146)$30 $53,879 
Net income 1,091 12 1,103 
Other comprehensive income, net of tax173 173 
Cash dividends declared - Common(492)(492)
Cash dividends declared - Preferred(48)(48)
Preferred stock discount accretion1 (1)
Common stock activity 12 12 
Treasury stock activity4 6 10 
Other32 16 48 
Balance at June 30, 2021 (a)425 $2,713 $3,519 $12,409 $48,663 $1,463 $(14,140)$58 $54,685 
Six months ended
Balance at December 31, 2019 (a)433 $2,712 $3,993 $12,376 $42,215 $799 $(12,781)$29 $49,343 
Cumulative effect of ASU 2016-13 adoption (b)(671)(671)
Balance at January 1, 2020 (a)433 $2,712 $3,993 $12,376 $41,544 $799 $(12,781)$29 $48,672 
Net income4,556 14 4,570 
Other comprehensive income (loss), net of tax2,270 2,270 
Cash dividends declared - Common(994)(994)
Cash dividends declared - Preferred (118)(118)
Preferred stock discount accretion2 (2)
Common stock activity11 11 
Treasury stock activity(8)51 (1,347)(1,296)
Other(149)(18)(167)
Balance at June 30, 2020 (a)425 $2,712 $3,995 $12,289 $44,986 $3,069 $(14,128)$25 $52,948 
Balance at December 31, 2020 (a)424 $2,713 $3,517 $12,367 $46,848 $2,770 $(14,205)$31 $54,041 
Net income2,907 22 2,929 
Other comprehensive income, net of tax(1,307)(1,307)
Cash dividends declared - Common(985)(985)
Cash dividends declared - Preferred (105)(105)
Preferred stock discount accretion2 (2)
Common stock activity 12 12 
Treasury stock activity1 73 65 138 
Other(43)5 (38)
Balance at June 30, 2021 (a)425 $2,713 $3,519 $12,409 $48,663 $1,463 $(14,140)$58 $54,685 
(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.
(b)Represents the cumulative effect of adopting ASU 2016-13 - Financial Instruments - Credit Losses.
Other Comprehensive Income (Loss)
Details of other comprehensive income (loss) are as follows:

Table 67: Other Comprehensive Income (Loss)


 Three months ended June 30Six months ended June 30
2021202020212020
In millionsPre-taxTax effectAfter-taxPre-taxTax effectAfter-taxPre-taxTax effectAfter-taxPre-taxTax effectAfter-tax
Debt securities
Net unrealized gains (losses) on securities$55 $(13)$42 $579 $(134)$445 $(1,126)$265 $(861)$2,241 $(515)$1,726 
Less: Net realized gains (losses) reclassified to
 earnings (a)		9 (2)7 41 (9)32 22 (5)17 223 (51)172 
Net change 46 (11)35 538 (125)413 (1,148)270 (878)2,018 (464)1,554 
Cash flow hedge derivatives
Net unrealized gains (losses) on cash flow
 hedge derivatives		330 (78)252 115 (27)88 (310)73 (237)945 (217)728 
Less: Net realized gains (losses) reclassified to
 earnings (a)		108 (25)83 103 (24)79 243 (57)186 148 (34)114 
Net change222 (53)169 12 (3)9 (553)130 (423)797 (183)614 
Pension and other postretirement benefit
 plan adjustments
Net pension and other postretirement benefit
 plan activity and other reclassified to earnings (b)		(43)10 (33)(17)4 (13)(13)3 (10)(5)1 (4)
Net change (43)10 (33)(17)4 (13)(13)3 (10)(5)1 (4)
Other
Net unrealized gains (losses) on other transactions2 2 2 (1)1 1 3 4 10 (19)(9)
Net change 2 2 2 (1)1 1 3 4 10 (19)(9)
Total other comprehensive income (loss) from
 continuing operations		225 (52)173 535 (125)410 (1,713)406 (1,307)2,820 (665)2,155 
Total other comprehensive income (loss) from
 discontinued operations		182 (41)141 148 (33)115 
Total other comprehensive income (loss)$225 $(52)$173 $717 $(166)$551 $(1,713)$406 $(1,307)$2,968 $(698)$2,270 
(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 68: Accumulated Other Comprehensive Income (Loss) Components
In millions, after-taxDebt securities Cash flow hedge derivativesPension and  other postretirement benefit plan adjustmentsOtherAccumulated other Comprehensive Income from Continuing OperationsAccumulated other Comprehensive Income from Discontinued OperationsTotal
Three months ended
Balance at March 31, 2020$2,208 $881 $(399)$(31)$2,659 $(141)$2,518 
Net activity413 9 (13)1 410 141 551 
Balance at June 30, 2020$2,621 $890 $(412)$(30)$3,069  $3,069 
Balance at March 31, 2021$1,549 $67 $(322)$(4)$1,290 $1,290 
Net activity35 169 (33)2 173 173 
Balance at June 30, 2021$1,584 $236 $(355)$(2)$1,463  $1,463 
Six months ended
Balance at December 31, 2019$1,067 $276 $(408)$(21)$914 $(115)$799 
Net activity1,554 614 (4)(9)2,155 115 2,270 
Balance at June 30, 2020$2,621 $890 $(412)$(30)$3,069  $3,069 
Balance at December 31, 2020$2,462 $659 $(345)$(6)$2,770 $2,770 
Net activity(878)(423)(10)4 (1,307)(1,307)
Balance at June 30, 2021$1,584 $236 $(355)$(2)$1,463  $1,463 
Dividends Declared
The following table provides the dividends per share for PNC's common and preferred stock:

Table 69: Dividends Per Share (a)
Three months ended June 30Six months ended June 30
2021202020212020
Common Stock$1.15 $1.15 $2.30 $2.30 
Preferred Stock
   Series B$0.45 $0.45 $0.90 $0.90 
   Series O$3,375 $3,375 
   Series P$1,532 $1,532 $3,063 $3,063 
   Series Q (b)$1,344 $2,688 
   Series R$2,425 $2,425 $2,425 $2,425 
   Series S$2,500 $2,500 $2,500 $2,500 
(a)Dividends are payable quarterly other than Series O, Series R and Series S preferred stock, which are payable semiannually, with the Series O payable in different quarters from the Series R and Series S preferred stock. Beginning on August 1, dividends will be paid on the Series O on a quarterly basis (February 1, May 1, August 1, and November 1 of each year).
(b)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.