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Total Equity and Other Comprehensive Income (Tables)
 3 Months Ended
Mar. 31, 2023
Other Comprehensive Income [Abstract]  
Rollforward of Total Equity Activity in total equity for the three months ended March 31, 2023 and 2022 is as follows:
Table 60: 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 December 31, 2021 (a)420 $2,713 $5,009 $12,448 $50,228 $409 $(15,112)$31 $55,726 
Net income1,408 21 1,429 
Other comprehensive income (loss), net of tax(6,140)(6,140)
Cash dividends declared - Common(531)(531)
Cash dividends declared - Preferred(45)(45)
Preferred stock discount accretion2 (2) 
Treasury stock activity(5)45 (1,234)(1,189)
Other(17)(17)(34)
Balance at March 31, 2022 (a)415 $2,713 $5,011 $12,476 $51,058 $(5,731)$(16,346)$35 $49,216 
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 adoptions (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 income 1,677 17 1,694 
Other comprehensive income (loss), net of tax1,064 1,064 
Cash dividends declared - Common(607)(607)
Cash dividends declared - Preferred(68)(68)
Preferred stock discount accretion2 (2) 
Preferred stock issuance (c)1,487 1,487 
Treasury stock activity(2)70 (308)(238)
Other(71)(25)(96)
Balance at March 31, 2023 (a)399 $2,714 $7,235 $12,629 $54,598 $(9,108)$(19,024)$30 $49,074 
(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 61: Other Comprehensive Income (Loss)

 Three months ended March 31
20232022
In millionsPre-taxTax effectAfter-taxPre-taxTax effectAfter-tax
Debt securities
Net unrealized gains (losses) on securities$654 $(154)$500 $(6,318)$1,489 $(4,829)
Less: Net realized gains (losses) reclassified to earnings (a)(215)51 (164)(3)1 (2)
Net change 869 (205)664 (6,315)1,488 (4,827)
Cash flow hedge derivatives
Net unrealized gains (losses) on cash flow hedge derivatives197 (46)151 (1,656)390 (1,266)
Less: Net realized gains (losses) reclassified to earnings (a)(330)78 (252)102 (24)78 
Net change527 (124)403 (1,758)414 (1,344)
Pension and other postretirement benefit plan adjustments
Net pension and other postretirement benefit plan activity and other reclassified to earnings (b)(10)2 (8)54 (13)41 
Net change (10)2 (8)54 (13)41 
Other
Net unrealized gains (losses) on other transactions4 1 5 (3)(7)(10)
Net change 4 1 5 (3)(7)(10)
Total other comprehensive income (loss)$1,390 $(326)$1,064 $(8,022)$1,882 $(6,140)
(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 services costs (credits) which are recorded in Noninterest expense on the Consolidated Income Statement.
Accumulated Other Comprehensive Income (Loss) Components
Table 62: 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, 2021$589 $(201)$27 $(6)$409 
Net activity(4,827)(1,344)41 (10)(6,140)
Balance at March 31, 2022 (a)$(4,238)$(1,545)$68 $(16)$(5,731)
Balance at December 31, 2022$(7,164)$(2,705)$(251)$(52)$(10,172)
Net activity 664 403 (8)5 1,064 
Balance at March 31, 2023 (a)$(6,500)$(2,302)$(259)$(47)$(9,108)
(a)AOCI included pretax losses of $305 million and $22 million from derivatives that hedged the purchase of investment securities classified as held to maturity at March 31, 2023, and March 31, 2022, respectively.
Dividends Per Share
The following table provides the dividends per share for PNC’s common and preferred stock:

Table 63: Dividends Per Share (a)
Three months ended March 31
20232022
Common Stock$1.50 $1.25 
Preferred Stock
   Series B$0.45 $0.45 
   Series O$2,074 $974 
   Series P $1,531 
   Series T$850 $850 
Series U $1,500  
Series V$1,550  
(a)Dividends are payable quarterly. 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. Beginning on June 15, 2023, dividends will be paid quarterly in arrears on the Series W preferred stock (March 15, June 15, September 15 and December 15 of each year).