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Total Equity and Other Comprehensive Income (Tables)
 3 Months Ended
Mar. 31, 2022
Other Comprehensive Income [Abstract]  
Rollforward of Total Equity Activity in total equity for the three months ended March 31, 2022 and 2021 is as follows:
Table 57: 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 December 31, 2020 (a)424 $2,713 $3,517 $12,367 $46,848 $2,770 $(14,205)$31 $54,041 
Net income1,816 10 1,826 
Other comprehensive income (loss), net of tax(1,480)(1,480)
Cash dividends declared - Common(493)(493)
Cash dividends declared - Preferred(57)(57)
Preferred stock discount accretion1 (1)
Treasury stock activity1 69 59 128 
Other(75)(11)(86)
Balance at March 31, 2021 (a)425 $2,713 $3,518 $12,361 $48,113 $1,290 $(14,146)$30 $53,879 
Balance at December 31, 2021 (a)420 $2,713 $5,009 $12,448 $50,228 $409 $(15,112)$31 $55,726 
Net income 1,408 21 1,429 
Other comprehensive income (loss), net of tax(6,140)(6,140)
Cash dividends declared - Common(531)(531)
Cash dividends declared - Preferred(45)(45)
Preferred stock discount accretion2 (2)
Treasury stock activity(5)45 (1,234)(1,189)
Other(17)(17)(34)
Balance at March 31, 2022 (a)415 $2,713 $5,011 $12,476 $51,058 $(5,731)$(16,346)$35 $49,216 
(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.
Other Comprehensive Income (Loss)
Details of other comprehensive income (loss) are as follows:

Table 58: Other Comprehensive Income (Loss)


 Three months ended March 31
20222021
In millionsPre-taxTax effectAfter-taxPre-taxTax effectAfter-tax
Debt securities
Net unrealized gains (losses) on securities$(6,318)$1,489 $(4,829)$(1,181)$278 $(903)
Less: Net realized gains (losses) reclassified to earnings (a)(3)1 (2)13 (3)10 
Net change (6,315)1,488 (4,827)(1,194)281 (913)
Cash flow hedge derivatives
Net unrealized gains (losses) on cash flow hedge derivatives(1,656)390 (1,266)(640)151 (489)
Less: Net realized gains (losses) reclassified to earnings (a)102 (24)78 135 (32)103 
Net change(1,758)414 (1,344)(775)183 (592)
Pension and other postretirement benefit plan adjustments
Net pension and other postretirement benefit plan activity and other reclassified to earnings (b)54 (13)41 30 (7)23 
Net change 54 (13)41 30 (7)23 
Other
Net unrealized gains (losses) on other transactions(3)(7)(10)1 1 2 
Net change (3)(7)(10)1 1 2 
Total other comprehensive income (loss)$(8,022)$1,882 $(6,140)$(1,938)$458 $(1,480)
(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 59: Accumulated Other Comprehensive Income (Loss) Components
In millions, after-taxDebt securities Cash flow hedge derivativesPension and  other postretirement benefit plan adjustmentsOtherTotal
Three months ended
Balance at December 31, 2020$2,462 $659 $(345)$(6)$2,770 
Net activity(913)(592)23 2 (1,480)
Balance at March 31, 2021$1,549 $67 $(322)$(4)$1,290 
Balance at December 31, 2021$589 $(201)$27 $(6)$409 
Net activity (a)(4,827)(1,344)41 (10)(6,140)
Balance at March 31, 2022 (b)$(4,238)$(1,545)$68 $(16)$(5,731)
(a)During the first quarter of 2022, we transferred securities with a fair value of $18.7 billion from available for sale to held to maturity. AOCI included net pretax unrealized losses of $1.3 billion at transfer. These unrealized losses will be amortized, consistent with the amortization of the discount on these securities, over the remaining life as an adjustment of yield, resulting in no impact to net interest income or net income.
(b)At March 31, 2022, AOCI included pretax losses of $22.1 million from derivatives that hedged the purchase of investment securities classified as held to maturity.
Dividends Per Share
The following table provides the dividends per share for PNC's common and preferred stock:

Table 60: Dividends Per Share
Three months ended March 31
20222021
Common Stock$1.25 $1.15 
Preferred Stock
   Series B$0.45 $0.45 
   Series O$974 $3,375 
   Series P$1,531 $1,531 
   Series T$850