Consolidated Balance Sheet - USD ($) $ in Millions		Dec. 31, 2020	Dec. 31, 2019
Assets
Cash and due from banks		$ 7,017	$ 5,061
Interest-earning deposits with banks		85,173	23,413
Loans held for sale	[1]	1,597	1,083
Asset held for sale	[2]		8,558
Investment securities – available for sale		87,358	69,163
Investment securities – held to maturity		1,441	17,661
Loans	[1]	241,928	239,843
Allowance for loan and lease losses	[3]	(5,361)	(2,742)
Net loans		236,567	237,101
Equity investments		6,052	5,176
Mortgage servicing rights		1,242	1,644
Goodwill		9,233	9,233
Other	[1]	30,999	32,202
Total assets		466,679	410,295
Deposits
Noninterest-bearing		112,637	72,779
Interest-bearing		252,708	215,761
Total deposits		365,345	288,540
Borrowed funds
Federal Home Loan Bank borrowings		3,500	16,341
Bank notes and senior debt		24,271	29,010
Subordinated debt		6,403	6,134
Other	[4]	3,021	8,778
Total borrowed funds		37,195	60,263
Allowance for unfunded lending related commitments	[3]	584	318
Accrued expenses and other liabilities		9,514	11,831
Total liabilities		412,638	360,952
Equity
Preferred stock	[5]
Common stock ($5 par value, Authorized 800 shares, issued 543 shares)		2,713	2,712
Capital surplus		15,884	16,369
Retained earnings		46,848	42,215
Accumulated other comprehensive income		2,770	799
Common stock held in treasury at cost: 119 and 109 shares		(14,205)	(12,781)
Total shareholders’ equity		54,010	49,314
Noncontrolling interests		31	29
Total equity		54,041	49,343	[6]
Total liabilities and equity		$ 466,679	$ 410,295

[1] Our consolidated assets included the following for which we have elected the fair value option: Loans held for sale of $1.2 billion, Loans of $1.4 billion and Other assets of $0.1 billion at December 31, 2020 and Loans held for sale of $1.1 billion, Loans of $0.7 billion and Other assets of $0.1 billion at December 31, 2019.

[2] Represents our held for sale investment in BlackRock. In the second quarter of 2020, PNC divested its entire investment in BlackRock. Prior period BlackRock investment balances have been reclassified to the Asset held for sale line in accordance with ASC 205-20, Presentation of Financial Statements - Discontinued Operations. Refer to Note 1 Accounting Policies and Note 2 Acquisition and Divestiture Activity for additional details.

[3] Amounts as of December 31, 2020 reflects the impact of adopting Accounting Standards Update 2016-13, Financial Instruments - Credit Losses, which is commonly referred to as the CECL standard and our transition from an incurred loss methodology for these reserves to an expected credit loss methodology. Refer to Note 1 Accounting Policies in this Report for additional details regarding the CECL standard.

[4] Our consolidated liabilities at December 31, 2020 and December 31, 2019 included Other borrowed funds of less than $0.1 billion and $0.1 billion, for which we have elected the fair value option, respectively.

[5] Par value less than $0.5 million at each date.

[6] The par value of our preferred stock outstanding was less than $0.5 million at each date and, therefore, is excluded from this presentation.