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Total Equity and Other Comprehensive Income (Tables)
 9 Months Ended
Sep. 30, 2021
Other Comprehensive Income [Abstract]  
Rollforward of Total Equity Activity in total equity for the three and nine months ended September 30, 2021 and 2020 is as follows:
Table 65: 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 June 30, 2020 (a)425 $2,712 $3,995 $12,289 $44,986 $3,069 $(14,128)$25 $52,948 
Net income1,519 13 1,532 
Other comprehensive income, net of tax(72)(72)
Cash dividends declared - Common(494)(494)
Cash dividends declared - Preferred(63)(63)
Preferred stock discount accretion1 (1)
Treasury stock activity(1)1 (88)(87)
Preferred stock redemption - Series Q (b)(480)(480)
Other30 (4)26 
Balance at September 30, 2020 (a)424 $2,712 $3,516 $12,320 $45,947 $2,997 $(14,216)$34 $53,310 
Balance at June 30, 2021 (a)425 $2,713 $3,519 $12,409 $48,663 $1,463 $(14,140)$58 $54,685 
Net income 1,474 16 1,490 
Other comprehensive income, net of tax(384)(384)
Cash dividends declared - Common(538)(538)
Cash dividends declared - Preferred(57)(57)
Preferred stock discount accretion1 (1)
Preferred stock issuance (c)1,489 1,489 
Treasury stock activity(2)5 (387)(382)
Other30 (36)(6)
Balance at September 30, 2021 (a)423 $2,713 $5,009 $12,444 $49,541 $1,079 $(14,527)$38 $56,297 
Nine 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 (d)(671)(671)
Balance at January 1, 2020 (a)433 $2,712 $3,993 $12,376 $41,544 $799 $(12,781)$29 $48,672 
Net income6,075 27 6,102 
Other comprehensive income, net of tax2,198 2,198 
Cash dividends declared - Common(1,488)(1,488)
Cash dividends declared - Preferred (181)(181)
Preferred stock discount accretion3 (3)
Common stock activity11 11 
Treasury stock activity(9)52 (1,435)(1,383)
Preferred stock redemption - Series Q (b)(480)(480)
Other(119)(22)(141)
Balance at September 30, 2020 (a)424 $2,712 $3,516 $12,320 $45,947 $2,997 $(14,216)$34 $53,310 
Balance at December 31, 2020 (a)424 $2,713 $3,517 $12,367 $46,848 $2,770 $(14,205)$31 $54,041 
Net income4,381 38 4,419 
Other comprehensive income, net of tax(1,691)(1,691)
Cash dividends declared - Common(1,523)(1,523)
Cash dividends declared - Preferred (162)(162)
Preferred stock discount accretion3 (3)
Preferred stock issuance (c)1,489 1,489 
Common stock activity 12 12 
Treasury stock activity(1)78 (322)(244)
Other(13)(31)(44)
Balance at September 30, 2021 (a)423 $2,713 $5,009 $12,444 $49,541 $1,079 $(14,527)$38 $56,297 
(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)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 interests in such shares.
(c)On September 13, 2021, PNC issued 1,500,000 depositary shares each representing 1/100th ownership in a share of 3.400% fixed-rate reset non-cumulative perpetual preferred stock, Series T, with a par value of $1 per share.
(d)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 66: Other Comprehensive Income (Loss)


 Three months ended September 30Nine months ended September 30
2021202020212020
In millionsPre-taxTax effectAfter-taxPre-taxTax effectAfter-taxPre-taxTax effectAfter-taxPre-taxTax effectAfter-tax
Debt securities
Net unrealized gains (losses) on securities$(320)$76 $(244)$42 $(9)$33 $(1,446)$341 $(1,105)$2,283 $(525)$1,758 
Less: Net realized gains (losses) reclassified to
 earnings (a)		3 (1)2 32 (7)25 25 (6)19 255 (59)196 
Net change (323)77 (246)10 (2)8 (1,471)347 (1,124)2,028 (466)1,562 
Cash flow hedge derivatives
Net unrealized gains (losses) on cash flow
 hedge derivatives		(59)14 (45)15 (3)12 (369)87 (282)960 (221)739 
Less: Net realized gains (losses) reclassified to
 earnings (a)		115 (27)88 134 (30)104 358 (84)274 282 (65)217 
Net change(174)41 (133)(119)27 (92)(727)171 (556)678 (156)522 
Pension and other postretirement benefit
 plan adjustments
Net pension and other postretirement benefit
 plan activity and other reclassified to earnings (b)		2 2 2 2 (11)3 (8)(3)1 (2)
Net change 2 2 2 2 (11)3 (8)(3)1 (2)
Other
Net unrealized gains (losses) on other transactions1 (8)(7)10 10 2 (5)(3)10 (9)1 
Net change 1 (8)(7)10 10 2 (5)(3)10 (9)1 
Total other comprehensive income (loss) from
 continuing operations		(494)110 (384)(107)35 (72)(2,207)516 (1,691)2,713 (630)2,083 
Total other comprehensive income (loss) from
 discontinued operations		148 (33)115 
Total other comprehensive income (loss)$(494)$110 $(384)$(107)$35 $(72)$(2,207)$516 $(1,691)$2,861 $(663)$2,198 
(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 67: 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 June 30, 2020$2,621 $890 $(412)$(30)$3,069 $3,069 
Net activity8 (92)2 10 (72)(72)
Balance at September 30, 2020$2,629 $798 $(410)$(20)$2,997  $2,997 
Balance at June 30, 2021$1,584 $236 $(355)$(2)$1,463 $1,463 
Net activity(246)(133)2 (7)(384)(384)
Balance at September 30, 2021$1,338 $103 $(353)$(9)$1,079  $1,079 
Nine months ended
Balance at December 31, 2019$1,067 $276 $(408)$(21)$914 $(115)$799 
Net activity1,562 522 (2)1 2,083 115 2,198 
Balance at September 30, 2020$2,629 $798 $(410)$(20)$2,997  $2,997 
Balance at December 31, 2020$2,462 $659 $(345)$(6)$2,770 $2,770 
Net activity(1,124)(556)(8)(3)(1,691)(1,691)
Balance at September 30, 2021$1,338 $103 $(353)$(9)$1,079  $1,079 
Dividends Per Share
The following table provides the dividends per share for PNC's common and preferred stock:

Table 68: Dividends Per Share (a)
Three months ended September 30Nine months ended September 30
2021202020212020
Common Stock$1.25 $1.15 $3.55 $3.45 
Preferred Stock
   Series B$0.45 $0.45 $1.35 $1.35 
   Series O$3,375 $3,375 $6,750 $6,750 
   Series P$1,531 $1,531 $4,594 $4,594 
   Series Q (b)$1,343 $4,031 
   Series R$2,425 $2,425 
   Series S$2,500 $2,500 
(a)Dividends are payable quarterly other than Series R and Series S preferred stock, which are payable semiannually. On September 13, 2021, PNC issued 1,500,000 depositary shares each representing 1/100th ownership in a share of 3.400% fixed-rate reset non-cumulative perpetual preferred stock, Series T, with a par value of $1 per share. Beginning on December 15, dividends will be paid on the Series T on a quarterly basis (March 15, June 15, September 15 and December 15 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.