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Fee-Based Revenue from Contracts with Customers
 3 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
Fee-Based Revenue from Contracts with Customers FEE-BASED REVENUE FROM CONTRACTS WITH CUSTOMERS
As more fully described in Note 24 Fee-based Revenue from Contracts with Customers in Item 8 of our 2021 Form 10-K, a subset of our noninterest income relates to certain fee-based revenue within the scope of ASC Topic 606 - Revenue from Contracts with Customers (Topic 606).
Fee-based revenue within the scope of Topic 606 is recognized within our three reportable business segments: Retail Banking, Corporate & Institutional Banking and Asset Management Group. Interest income, income from lease contracts, fair value gains from financial instruments (including derivatives), income from mortgage servicing rights and guarantee products, letter of credit fees, non-refundable fees associated with acquiring or originating a loan and gains from the sale of financial assets are outside of the scope of Topic 606.
Effective for the first quarter of 2022, PNC updated the presentation of its noninterest income categorization to be based on product and service type, and accordingly, has changed the basis of presentation of its noninterest income revenue streams to: (i) Asset management and brokerage, (ii) Capital markets related, (iii) Card and cash management, (iv) Lending and deposit services, (v) Residential and commercial mortgage and (vi) Other noninterest income. For a description of each updated noninterest income revenue stream, see Note 1 Accounting Policies.
Table 76 presents the noninterest income recognized within the scope of Topic 606 for each of our three reportable business segments' principal products and services, along with the relationship to the noninterest income revenue streams shown on our Consolidated Income Statement. For a description of the fee-based revenue and how it is recognized for each segment's principal products and services, see Note 24 Fee-based Revenue from Contracts with Customers included in Item 8 of our 2021 Form 10-K.
Table 76: In-Scope Noninterest Income by Business Segment and Reconciliation to Consolidated Noninterest Income
Three months ended March 31
In millions		Retail BankingCorporate &
Institutional
Banking		Asset
Management
Group
2022
Asset management & brokerage
Asset management fees$241 
Brokerage fees$134 2 
Total asset management & brokerage 134 243 
Card & cash management
Treasury management fees9 $302 
Debit card fees161 
Net credit card fees (a)55 
Merchant services41 17 
Other 23 
Total card & cash management 289 319 
Lending & deposit services
Deposit account fees142 
Other 17 8 
Total lending & deposit services159 8 
Residential and commercial mortgage (b)31 
Capital markets related137 
Other13 
Total revenue from contracts with customers582 508 243 
Out-of-scope noninterest income (c)163 296 5 
Noninterest income by business segment$745 $804 $248 
Reconciliation to consolidated noninterest incomeFor the three months ended March 31, 2022
Total business segment revenue from contracts with customers$1,333 
Out-of-scope business segment noninterest income (c)464 
Noninterest income from other segments91 
Noninterest income as shown on the Consolidated Income Statement$1,888 
(Continued from previous page)
Three months ended March 31
In millions		Retail BankingCorporate &
Institutional
Banking		Asset
Management
Group
2021
Asset management & brokerage
Asset management fees$226 
Brokerage fees$102 
Total asset management & brokerage 102 226 
Card & cash management
Treasury management fees7 $223 
Debit card fees138 
Net credit card fees (a)47 
Merchant services32 12 
Other27 
Total card & cash management 251 235 
Lending & deposit services
Deposit account fees119 
Other12 10 
Total lending & deposit services131 10 
Residential and commercial mortgage (b)31 
Capital markets related192 
Other19 
Total revenue from contracts with customers484 487 226 
Out-of-scope noninterest income (c)170 320 3 
Noninterest income by business segment$654 $807 $229 
Reconciliation to consolidated noninterest incomeFor the three months ended March 31, 2021
Total business segment revenue from contracts with customers$1,197 
Out-of-scope business segment noninterest income (c)493 
Noninterest income from other segments182 
Noninterest income as shown on the Consolidated Income Statement$1,872 
(a)Net credit card fees consists of interchange fees of $148 million and $120 million and credit card reward costs of $93 million and $73 million for the three months ended March 31, 2022 and 2021, respectively.
(b)Residential mortgage noninterest income falls under the scope of other accounting and disclosure requirements outside of Topic 606 and is included within the out-of-scope noninterest income line for the Retail Banking segment.
(c)Out-of-scope noninterest income includes revenue streams that fall under the scope of other accounting and disclosure requirements outside of Topic 606.