XML 43 R7.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statement of Changes in Equity - USD ($)
shares in Millions, $ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
[6]
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
[6]
Retained Earnings
Cumulative Effect, Period of Adoption, Adjusted Balance
[1]
Accumulated other comprehensive income
Accumulated other comprehensive income
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, 2021 [1]       420                            
Common Stock                                    
Treasury stock activity, shares       (19)                            
Ending Balance, (in shares) at Dec. 31, 2022 [1]       401 401                          
Equity, Beginning Balance at Dec. 31, 2021 [1] $ 55,726     $ 2,713   $ 5,009   $ 12,448   $ 50,228     $ 409   $ (15,112)   $ 31  
Common Stock                                    
Accounting Standards Update [Extensible Enumeration] Accounting Standards Update 2022-02 [Member]                                  
Net income $ 6,113                 6,041             72  
Other comprehensive income (loss), net of tax (10,581)                       (10,581)          
Common (2,391)                 (2,391)                
Preferred (301)                 (301)                
Preferred stock discount accretion           5       (5)                
Preferred stock issuance [2],[3] 2,232         2,232                        
Common stock activity [4] 31     1       30                    
Treasury stock activity (3,543)             61             (3,604)      
Preferred stock redemption [5] (1,500)         (1,500)                        
Other 26             91                 (65)  
Equity, Ending Balance at Dec. 31, 2022 45,812 [1] $ 26 $ 45,838 $ 2,714 [1] $ 2,714 [1] 5,746 [1] $ 5,746 12,630 [1] $ 12,630 53,572 [1] $ 26 $ 53,598 (10,172) [1] $ (10,172) (18,716) [1] $ (18,716) 38 [1] $ 38
Common Stock                                    
Treasury stock activity, shares       (3)                            
Ending Balance, (in shares) at Dec. 31, 2023 [1]       398                            
Common Stock                                    
Net income 5,647                 5,578             69  
Other comprehensive income (loss), net of tax 2,460                       2,460          
Common (2,461)                 (2,461)                
Preferred (417)                 (417)                
Preferred stock discount accretion           8       (8)                
Preferred stock issuance [7] 1,487         1,487                        
Common stock activity [4] 32     $ 2       30                    
Treasury stock activity (415)             78             (493)      
Preferred stock redemption [8] (1,000)         (1,000)                        
Other (30)             41                 (71)  
Equity, Ending Balance at Dec. 31, 2023 [1] 51,141     $ 2,716   6,241   12,779   56,290     (7,712) [9]   (19,209)   36  
Common Stock                                    
Treasury stock activity, shares       (2)                            
Ending Balance, (in shares) at Dec. 31, 2024 [1]       396                            
Common Stock                                    
Net income 5,953                 5,889             64  
Other comprehensive income (loss), net of tax 1,147                       1,147          
Common (2,537)                 (2,537)                
Preferred (352)                 (352)                
Preferred stock discount accretion           8       (8)                
Common stock activity [4] 32     $ 1       31                    
Treasury stock activity (420)             90             (510)      
Preferred stock redemption [10] (500)         (500)                        
Other 5             61                 (56)  
Equity, Ending Balance at Dec. 31, 2024 [1] $ 54,469     $ 2,717   $ 5,749   $ 12,961   $ 59,282     $ (6,565) [9]   $ (19,719)   $ 44  
[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] 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.
[3] 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.
[4] Common stock activity totaled less than 0.5 million shares issued.
[5] On November 1, 2022, PNC redeemed all 15,000 shares of its Series P preferred stock, as well as all 60,000,000 depositary shares each representing a fractional interest in such shares.
[6] Represents the cumulative effect of adopting ASU 2022-02.
[7] 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.
[8] On November 1, 2023, PNC redeemed all 10,000 shares of its Series O preferred stock, as well as all 1,000,000 depositary shares each representing a fractional interest in such shares.
[9] AOCI included pretax losses of $275 million and $293 million from derivatives that hedged the purchase of investment securities classified as held-to-maturity at December 31, 2024 and December 31, 2023, respectively.
[10] On December 2, 2024, PNC redeemed all 5,000 shares of its Series R preferred stock, as well as all 500,000 depositary shares each representing a fractional interest in such shares.