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Total Equity and Other Comprehensive Income
 6 Months Ended
Jun. 30, 2022
Other Comprehensive Income [Abstract]  
Total Equity and Other Comprehensive Income Disclosure TOTAL EQUITY AND OTHER COMPREHENSIVE INCOMEActivity in total equity for the three and six months ended June 30, 2022 and 2021 is as follows:
Table 60: 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, 2021 (a)425 $2,713 $3,518 $12,361 $48,113 $1,290 $(14,146)$30 $53,879 
Net income1,091 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 activity12 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 
Balance at March 31, 2022 (a)415 $2,713 $5,011 $12,476 $51,058 $(5,731)$(16,346)$35 $49,216 
Net income 1,481 15 1,496 
Other comprehensive income (loss), net of tax(2,627)(2,627)
Cash dividends declared - Common(626)(626)
Cash dividends declared - Preferred(71)(71)
Preferred stock discount accretion1 (1)
Preferred stock issuance (b)992 992 
Common stock activity 1 14 15 
Treasury stock activity(4)5 (730)(725)
Other32 (14)18 
Balance at June 30, 2022 (a)411 $2,714 $6,004 $12,527 $51,841 $(8,358)$(17,076)$36 $47,688 
Six 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 income2,907 22 2,929 
Other comprehensive income (loss), 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 activity12 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 
Balance at December 31, 2021 (a)420 $2,713 $5,009 $12,448 $50,228 $409 $(15,112)$31 $55,726 
Net income2,889 36 2,925 
Other comprehensive income (loss), net of tax(8,767)(8,767)
Cash dividends declared - Common(1,157)(1,157)
Cash dividends declared - Preferred (116)(116)
Preferred stock discount accretion3 (3)
Preferred stock issuance (b)992 992 
Common stock activity 1 14 15 
Treasury stock activity(9)50 (1,964)(1,914)
Other15 (31)(16)
Balance at June 30, 2022 (a)411 $2,714 $6,004 $12,527 $51,841 $(8,358)$(17,076)$36 $47,688 
(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 April 26, 2022, PNC issued 1,000,000 depositary shares each representing 1/100th ownership in a share of 6.000% fixed-rate reset non-cumulative perpetual preferred stock, Series U, with a par value of $1 per share.
Details of other comprehensive income (loss) are as follows:

Table 61: Other Comprehensive Income (Loss)

 Three months ended June 30Six months ended June 30
2022202120222021
In millionsPre-taxTax effectAfter-
tax		Pre-taxTax effectAfter-taxPre-taxTax effectAfter-taxPre-taxTax effectAfter-tax
Debt securities
Net unrealized gains (losses) on securities$(2,929)$690 $(2,239)$55 $(13)$42 $(9,247)$2,179 $(7,068)$(1,126)$265 $(861)
Less: Net realized gains (losses) reclassified to
   earnings (a)		(214)50 (164)9 (2)7 (217)51 (166)22 (5)17 
Net change (2,715)640 (2,075)46 (11)35 (9,030)2,128 (6,902)(1,148)270 (878)
Cash flow hedge derivatives
Net unrealized gains (losses) on cash flow hedge derivatives(676)159 (517)330 (78)252 (2,332)549 (1,783)(310)73 (237)
Less: Net realized gains (losses) reclassified to earnings (a)25 (6)19 108 (25)83 127 (30)97 243 (57)186 
Net change(701)165 (536)222 (53)169 (2,459)579 (1,880)(553)130 (423)
Pension and other postretirement benefit plan adjustments
Net pension and other postretirement benefit plan activity and other reclassified to earnings (b)8 (2)6 (43)10 (33)62 (15)47 (13)3 (10)
Net change 8 (2)6 (43)10 (33)62 (15)47 (13)3 (10)
Other
Net unrealized gains (losses) on other transactions(4)(18)(22)2 2 (7)(25)(32)1 3 4 
Net change (4)(18)(22)2 2 (7)(25)(32)1 3 4 
Total other comprehensive income (loss)$(3,412)$785 $(2,627)$225 $(52)$173 $(11,434)$2,667 $(8,767)$(1,713)$406 $(1,307)
(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.
Table 62: 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 March 31, 2021$1,549 $67 $(322)$(4)$1,290 
Net activity35 169 (33)2 173 
Balance at June 30, 2021$1,584 $236 $(355)$(2)$1,463 
Balance at March 31, 2022$(4,238)$(1,545)$68 $(16)$(5,731)
Net activity (2,075)(536)6 (22)(2,627)
Balance at June 30, 2022 (a)$(6,313)$(2,081)$74 $(38)$(8,358)
Six months ended
Balance at December 31, 2020$2,462 $659 $(345)$(6)$2,770 
Net activity(878)(423)(10)4 (1,307)
Balance at June 30, 2021$1,584 $236 $(355)$(2)$1,463 
Balance at December 31, 2021$589 $(201)$27 $(6)$409 
Net activity(6,902)(1,880)47 (32)(8,767)
Balance at June 30, 2022 (a)$(6,313)$(2,081)$74 $(38)$(8,358)
(a)At June 30, 2022, AOCI included pretax losses of $141 million from derivatives that hedged the purchase of investment securities classified as held to maturity.
The following table provides the dividends per share for PNC's common and preferred stock:

Table 63: Dividends Per Share (a)
Three months ended June 30Six months ended June 30
2022202120222021
Common Stock$1.50 $1.15 $2.75 $2.30 
Preferred Stock
   Series B$0.45 $0.45 $0.90 $0.90 
   Series O$987 $1,961 $3,375 
   Series P$1,532 $1,532 $3,063 $3,063 
   Series R$2,425 $2,425 $2,425 $2,425 
Series S$2,500 $2,500 $2,500 $2,500 
   Series T$850 $1,700 
(a)Dividends are payable quarterly other than Series R and Series S preferred stock, which are payable semiannually. On April 26, 2022, PNC issued 1,000,000 depositary shares each representing 1/100th ownership in a share of 6.000% fixed-rate reset non-cumulative perpetual preferred stock, Series U, with a par value of $1 per share. Beginning on August 15, 2022, dividends will be paid on the Series U on a quarterly basis (February 15, May 15, August 15, and November 15 of each year).

On July 1, 2022, the PNC Board of Directors declared a quarterly cash dividend on common stock of $1.50 per share payable on August 5, 2022.