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Total Equity and Other Comprehensive Income
 3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Total Equity and Other Comprehensive Income TOTAL EQUITY AND OTHER COMPREHENSIVE INCOME
Activity in total equity for the three months ended March 31, 2025 and 2024 is as follows:
Table 62: 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		Noncontrolling InterestsTotal Equity
Three months ended
Balance at December 31, 2023 (a)398$2,716 $6,241 $12,779 $56,290 $(7,712)$(19,209)$36 $51,141 
Net income— — — — 1,330 — — 14 1,344 
Other comprehensive loss, net of tax— — — — — (330)— — (330)
Cash dividends declared - Common— — — — (624)— — — (624)
Cash dividends declared - Preferred— — — — (81)— — — (81)
Preferred stock discount accretion— — 2 — (2)— — — — 
Treasury stock activity— — — 71 — — (70)— 1 
Other— — — (61)— — — (16)(77)
Balance at March 31, 2024 (a)398 $2,716 $6,243 $12,789 $56,913 $(8,042)$(19,279)$34 $51,374 
Balance at December 31, 2024 (a)396 $2,717 $5,749 $12,961 $59,282 $(6,565)$(19,719)$44 $54,469 
Net income — — — — 1,481 — — 18 1,499 
Other comprehensive income, net of tax— — — — — 1,328 — — 1,328 
Cash dividends declared - Common— — — — (639)— — — (639)
Cash dividends declared - Preferred— — — — (71)— — — (71)
Preferred stock discount accretion— — 2 — (2)— — — — 
Treasury stock activity— — — 102 — — (138)— (36)
Other— — — (83)— — — (16)(99)
Balance at March 31, 2025 (a)396 $2,717 $5,751 $12,980 $60,051 $(5,237)$(19,857)$46 $56,451 
(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.
Details of other comprehensive income (loss) are as follows:

Table 63: Other Comprehensive Income (Loss)
 Three months ended March 31
20252024
In millionsPre-taxTax effectAfter-taxPre-taxTax effectAfter-tax
Debt securities
Net unrealized gains (losses) on securities$748 $(182)$566 $(395)$95 $(300)
Less: Net realized (losses) reclassified to earnings (a)(181)44 (137)(216)52 (164)
Net change 929 (226)703 (179)43 (136)
Cash flow hedge derivatives
Net unrealized gains (losses) on cash flow hedge derivatives
631 (153)478 (626)150 (476)
Less: Net realized (losses) reclassified to earnings (a)(194)47 (147)(376)90 (286)
Net change825 (200)625 (250)60 (190)
Pension and other postretirement benefit plan adjustments
Net pension and other postretirement benefit plan activity and other reclassified to earnings (b)(2)1 (1)(2)— (2)
Net change (2)1 (1)(2)— (2)
Other
Net unrealized gains (losses) on other transactions(1)2 1 (2)— (2)
Net change (1)2 1 (2)— (2)
Total other comprehensive income (loss)$1,751 $(423)$1,328 $(433)$103 $(330)
(a)Reclassifications for pre-tax debt securities and cash flow hedges are recorded in Interest income and Noninterest income on the Consolidated Income Statement.
(b)Reclassifications include amortization of actuarial losses (gains) and amortization of prior period service costs (credits), which are recorded in Noninterest expense on the Consolidated Income Statement.
Table 64: Accumulated Other Comprehensive Income (Loss) Components
In millions, after-taxDebt securities Cash flow hedge derivativesPension and  other postretirement benefit plan adjustmentsOtherTotal
Three months ended
Balance at December 31, 2023$(5,830)$(1,713)$(125)$(44)$(7,712)
Net activity(136)(190)(2)(2)(330)
Balance at March 31, 2024 (a)$(5,966)$(1,903)$(127)$(46)$(8,042)
Balance at December 31, 2024$(5,099)$(1,314)$(109)$(43)$(6,565)
Net activity 703 625 (1)1 1,328 
Balance at March 31, 2025 (a)$(4,396)$(689)$(110)$(42)$(5,237)
(a)AOCI included pretax losses of $271 million and $289 million from derivatives that hedged the purchase of investment securities classified as held-to-maturity at March 31, 2025 and March 31, 2024, respectively.
The following table provides the dividends per share for PNC’s common and preferred stock:

Table 65: Dividends Per Share (a)
Three months ended March 31
20252024
Common Stock$1.60 $1.55 
Preferred Stock
   Series B$0.45 $0.45 
   Series R $— $2,194 
   Series T$850 $850 
Series U $1,500 $1,500 
Series V$1,550 $1,550 
Series W$1,563 $1,563 
(a)     Dividends are payable quarterly.
On April 3, 2025, the PNC Board of Directors declared a quarterly cash dividend on common stock of $1.60 per share to be paid on May 5, 2025 to shareholders of record at the close of business April 16, 2025.