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Consolidated Statement of Changes in Equity - USD ($)
shares in Millions, $ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
[2]
Cumulative Effect, Period of Adoption, Adjusted Balance
[1]
Common stock
Common stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Capital Surplus - Preferred Stock
Capital Surplus - Preferred Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
[1]
Capital Surplus - Common Stock and Other
Capital Surplus - Common Stock and Other
Cumulative Effect, Period of Adoption, Adjusted Balance
[1]
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
[2]
Retained Earnings
Cumulative Effect, Period of Adoption, Adjusted Balance
[1]
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Cumulative Effect, Period of Adoption, Adjusted Balance
[1]
Treasury Stock
Treasury Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
[1]
Noncontrolling Interests
Noncontrolling Interests
Cumulative Effect, Period of Adoption, Adjusted Balance
[1]
Beginning Balance (in shares) at Dec. 31, 2019 [1]       433 433                          
Common Stock [Abstract]                                    
Treasury stock activity, shares       (9)                            
Ending Balance, (in shares) at Dec. 31, 2020 [1]       424                            
Total Equity, Beginning Balance at Dec. 31, 2019 $ 49,343 [1] $ (671) $ 48,672 $ 2,712 [1] $ 2,712 [1] $ 3,993 [1] $ 3,993 $ 12,376 [1] $ 12,376 $ 42,215 [1] $ (671) $ 41,544 $ 799 [1] $ 799 $ (12,781) [1] $ (12,781) $ 29 [1] $ 29
Common Stock [Abstract]                                    
Net income 7,558                 7,517             41  
Other comprehensive income, net of tax 1,971                       1,971          
Dividends, Cash [Abstract]                                    
Common (1,980)                 (1,980)                
Preferred (229)                 (229)                
Preferred stock discount accretion           4       (4)                
Common stock activity [3] 24     1       23                    
Treasury stock activity (1,370)             54             (1,424)      
Preferred stock redemption [4] (480)         (480)                        
Other (125)             (86)                 (39)  
Total Equity, Ending Balance at Dec. 31, 2020 [1] 54,041     $ 2,713   3,517   12,367   46,848     2,770   (14,205)   31  
Common Stock [Abstract]                                    
Treasury stock activity, shares       (4)                            
Ending Balance, (in shares) at Dec. 31, 2021 [1]       420                            
Common Stock [Abstract]                                    
Net income 5,725                 5,674             51  
Other comprehensive income, net of tax (2,361)                       (2,361)          
Dividends, Cash [Abstract]                                    
Common (2,056)                 (2,056)                
Preferred (233)                 (233)                
Preferred stock discount accretion           5       (5)                
Common stock activity [3] 25             25                    
Treasury stock activity (823)             84             (907)      
Preferred stock issuance [5] 1,487         1,487                        
Other (79)             (28)                 (51)  
Total Equity, Ending Balance at Dec. 31, 2021 [1] 55,726     $ 2,713   5,009   12,448   50,228     409   (15,112)   31  
Common Stock [Abstract]                                    
Treasury stock activity, shares       (19)                            
Ending Balance, (in shares) at Dec. 31, 2022 [1]       401                            
Common Stock [Abstract]                                    
Net income 6,113                 6,041             72  
Other comprehensive income, net of tax (10,581)                       (10,581)          
Dividends, Cash [Abstract]                                    
Common (2,391)                 (2,391)                
Preferred (301)                 (301)                
Preferred stock discount accretion           5       (5)                
Common stock activity [3] 31     $ 1       30                    
Treasury stock activity (3,543)             61             (3,604)      
Preferred stock redemption [6] (1,500)         (1,500)                        
Preferred stock issuance [7],[8] 2,232         2,232                        
Other 26             91                 (65)  
Total Equity, Ending Balance at Dec. 31, 2022 [1] $ 45,812     $ 2,714   $ 5,746   $ 12,630   $ 53,572     $ (10,172) [9]   $ (18,716)   $ 38  
[1] The par value of our preferred stock outstanding was less than $0.5 million at each date and, therefore, is excluded from this presentation.
[2] Represents the impact of the adoption of ASU 2016-13 - Financial Instruments - Credit Losses.
[3] Common stock activity totaled less than 0.5 million shares issued.
[4] 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 a fractional interest in such shares
[5] 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.
[6] On November 1, 2022, PNC redeemed all 15,000 shares of its Series P preferred stock, as well as all 60 million depositary shares each representing a fractional interest in such shares.
[7] 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.
[8] On August 19, 2022, PNC issued 1,250,000 depositary shares each representing 1/100th ownership in a share of 6.200% fixed-rate reset non-cumulative perpetual preferred stock, Series V, with a par value of $1 per share.
[9] At December 31, 2022, AOCI included pretax losses of $314 million from derivatives that hedged the purchase of investment securities classified as held to maturity.