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Total Equity and Other Comprehensive Income (Tables)
 6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Rollforward of Total Equity
Activity in total equity for the three and six months ended June 30, 2024 and 2023 is as follows:
Table 61: 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, 2023 (a)399$2,714 $7,235 $12,629 $54,598 $(9,108)$(19,024)$30 $49,074 
Net income1,483 17 1,500 
Other comprehensive loss, net of tax(417)(417)
Cash dividends declared - Common(606)(606)
Cash dividends declared - Preferred(127)(127)
Preferred stock discount accretion2 (2) 
Common stock activity116 17 
Treasury stock activity(1)3 (126)(123)
Other49 (21)28 
Balance at June 30, 2023 (a)398 $2,715 $7,237 $12,697 $55,346 $(9,525)$(19,150)$26 $49,346 
Balance at March 31, 2024 (a)398$2,716 $6,243 $12,789 $56,913 $(8,042)$(19,279)$34 $51,374 
Net income 1,459 18 1,477 
Other comprehensive income, net of tax596 596 
Cash dividends declared - Common(623)(623)
Cash dividends declared - Preferred(95)(95)
Preferred stock discount accretion2 (2) 
Common stock activity   16 16 
Treasury stock activity 6 (99)(93)
Other42 (13)29 
Balance at June 30, 2024 (a)398 $2,716 $6,245 $12,853 $57,652 $(7,446)$(19,378)$39 $52,681 
Six months ended
Balance at December 31, 2022 (a)401 $2,714 $5,746 $12,630 $53,572 $(10,172)$(18,716)$38 $45,812 
Cumulative effect of ASU adoption (b)26 26 
Balance at January 1, 2023 (a)401$2,714 $5,746 $12,630 $53,598 $(10,172)$(18,716)$38 $45,838 
Net income3,160 34 3,194 
Other comprehensive income, net of tax647 647 
Cash dividends declared - Common(1,213)(1,213)
Cash dividends declared - Preferred (195)(195)
Preferred stock discount accretion4 (4)
Preferred stock issuance (c)1,487 1,487 
Common stock activity1 16 17 
Treasury stock activity(3)73 (434)(361)
Other(22)(46)(68)
Balance at June 30, 2023 (a)398 $2,715 $7,237 $12,697 $55,346 $(9,525)$(19,150)$26 $49,346 
Balance at December 31, 2023 (a)398$2,716 $6,241 $12,779 $56,290 $(7,712)$(19,209)$36 $51,141 
Net income2,789 32 2,821 
Other comprehensive income, net of tax266 266 
Cash dividends declared - Common(1,247)(1,247)
Cash dividends declared - Preferred (176)(176)
Preferred stock discount accretion4 (4)
Common stock activity   16 16 
Treasury stock activity 77 (169)(92)
Other(19)(29)(48)
Balance at June 30, 2024 (a)398 $2,716 $6,245 $12,853 $57,652 $(7,446)$(19,378)$39 $52,681 
(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)Represents the cumulative effect of adopting ASU 2022-02.
(c)On February 7, 2023, PNC issued 1,500,000 depositary shares each representing 1/100th ownership in a share of 6.250% fixed-rate reset non-cumulative perpetual preferred stock, Series W, with a par value of $1 per share.
Other Comprehensive Income (Loss)
Details of other comprehensive income (loss) are as follows:

Table 62: Other Comprehensive Income (Loss)
 Three months ended June 30Six months ended June 30
2024202320242023
In millionsPre-taxTax effectAfter-taxPre-taxTax effectAfter-taxPre-taxTax effectAfter-taxPre-taxTax effectAfter-tax
Debt securities
Net unrealized gains (losses) on securities$(216)$52 $(164)$(476)$112 $(364)$(611)$147 $(464)$178 $(42)$136 
Less: Net realized (losses) reclassified to earnings (a)(691)166 (525)(235)55 (180)(907)218 (689)(450)106 (344)
Net change 475 (114)361 (241)57 (184)296 (71)225 628 (148)480 
Cash flow hedge derivatives
Net unrealized (losses) on cash flow hedge derivatives(75)18 (57)(689)162 (527)(701)168 (533)(492)116 (376)
Less: Net realized (losses) reclassified to earnings (a)(383)92 (291)(373)88 (285)(759)182 (577)(703)166 (537)
Net change308 (74)234 (316)74 (242)58 (14)44 211 (50)161 
Pension and other postretirement benefit plan adjustments
Net pension and other postretirement benefit plan activity and other reclassified to earnings (b)1  1 6 (1)5 (1) (1)(4)1 (3)
Net change 1  1 6 (1)5 (1) (1)(4)1 (3)
Other
Net unrealized gains (losses) on other transactions   3 1 4 (2) (2)7 2 9 
Net change    3 1 4 (2) (2)7 2 9 
Total other comprehensive income (loss)$784 $(188)$596 $(548)$131 $(417)$351 $(85)$266 $842 $(195)$647 
(a)Reclassifications for pre-tax debt securities and cash flow hedges are recorded in Interest income and Noninterest income on the Consolidated Income Statement.
(b)Reclassifications include amortization of actuarial losses (gains) and amortization of prior period service costs (credits), which are recorded in Noninterest expense on the Consolidated Income Statement.
Accumulated Other Comprehensive Income (Loss) Components
Table 63: Accumulated Other Comprehensive Income (Loss) Components
In millions, after-taxDebt securities Cash flow hedge derivativesPension and  other postretirement benefit plan adjustmentsOtherTotal
Three months ended
Balance at March 31, 2023$(6,500)$(2,302)$(259)$(47)$(9,108)
Net activity(184)(242)5 4 (417)
Balance at June 30, 2023 (a)$(6,684)$(2,544)$(254)$(43)$(9,525)
Balance at March 31, 2024$(5,966)$(1,903)$(127)$(46)$(8,042)
Net activity 361 234 1  596 
Balance at June 30, 2024 (a)$(5,605)$(1,669)$(126)$(46)$(7,446)
Six months ended
Balance at December 31, 2022$(7,164)$(2,705)$(251)$(52)$(10,172)
Net activity480 161 (3)9 647 
Balance at June 30, 2023 (a)$(6,684)$(2,544)$(254)$(43)$(9,525)
Balance at December 31, 2023$(5,830)$(1,713)$(125)$(44)$(7,712)
Net activity225 44 (1)(2)266 
Balance at June 30, 2024 (a)$(5,605)$(1,669)$(126)$(46)$(7,446)
(a)AOCI included pretax losses of $285 million and $301 million from derivatives that hedged the purchase of investment securities classified as held to maturity at June 30, 2024 and June 30, 2023, respectively.
Dividends Per Share
The following table provides the dividends per share for PNC’s common and preferred stock:

Table 64: Dividends Per Share (a)
Three months ended June 30Six months ended June 30
2024202320242023
Common Stock$1.55 $1.50 $3.10 $3.00 
Preferred Stock
   Series B$0.45 $0.45 $0.90 $0.90 
   Series O $2,100  $4,174 
   Series R $2,209 $2,425 $4,403 $2,425 
Series S$2,500 $2,500 $2,500 $2,500 
   Series T$850 $850 $1,700 $1,700 
Series U $1,500 $1,500 $3,000 $3,000 
Series V$1,550 $1,550 $3,100 $3,100 
Series W$1,562 $2,222 $3,125 $2,222 
(a)     Dividends are payable quarterly, other than Series S preferred stock, which is payable semiannually.