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Total Equity and Other Comprehensive Income (Tables)
 9 Months Ended
Sep. 30, 2023
Other Comprehensive Income [Abstract]  
Rollforward of Total Equity Activity in total equity for the three and nine months ended September 30, 2023 and 2022 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 June 30, 2022 (a)411 $2,714 $6,004 $12,527 $51,841 $(8,358)$(17,076)$36 $47,688 
Net income1,624 16 1,640 
Other comprehensive loss, net of tax(2,128)(2,128)
Cash dividends declared - Common(622)(622)
Cash dividends declared - Preferred(65)(65)
Preferred stock discount accretion1 (1) 
Preferred stock issuance (b)1,239 1,239 
Treasury stock activity(7)6 (1,051)(1,045)
Other33 (17)16 
Balance at September 30, 2022 (a)404 $2,714 $7,244 $12,566 $52,777 $(10,486)$(18,127)$35 $46,723 
Balance at June 30, 2023 (a)398$2,715 $7,237 $12,697 $55,346 $(9,525)$(19,150)$26 $49,346 
Net income 1,554 16 1,570 
Other comprehensive loss, net of tax(736)(736)
Cash dividends declared - Common(624)(624)
Cash dividends declared - Preferred(104)(104)
Preferred stock discount accretion2 (2) 
Treasury stock activity 3 9 12 
Other32 (15)17 
Balance at September 30, 2023 (a)398 $2,715 $7,239 $12,732 $56,170 $(10,261)$(19,141)$27 $49,481 
Nine months ended
Balance at December 31, 2021 (a)420 $2,713 $5,009 $12,448 $50,228 $409 $(15,112)$31 $55,726 
Net income4,513 52 4,565 
Other comprehensive loss, net of tax(10,895)(10,895)
Cash dividends declared - Common(1,779)(1,779)
Cash dividends declared - Preferred (181)(181)
Preferred stock discount accretion4 (4)
Preferred stock issuance (b) (c)2,231 2,231 
Common stock activity1 14 15 
Treasury stock activity(16)56 (3,015)(2,959)
Other48 (48) 
Balance at September 30, 2022 (a)404 $2,714 $7,244 $12,566 $52,777 $(10,486)$(18,127)$35 $46,723 
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 (d)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 income4,714 50 4,764 
Other comprehensive loss, net of tax(89)(89)
Cash dividends declared - Common(1,837)(1,837)
Cash dividends declared - Preferred (299)(299)
Preferred stock discount accretion6 (6)
Preferred stock issuance (e)1,487 1,487 
Common stock activity 1 16 17 
Treasury stock activity(3)76 (425)(349)
Other10 (61)(51)
Balance at September 30, 2023 (a)398 $2,715 $7,239 $12,732 $56,170 $(10,261)$(19,141)$27 $49,481 
(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)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.
(c)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.
(d)Represents the cumulative effect of adopting ASU 2022-02.
(e)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 September 30Nine months ended September 30
2023202220232022
In millionsPre-taxTax effectAfter-taxPre-taxTax effectAfter-taxPre-taxTax effectAfter-taxPre-taxTax effectAfter-tax
Debt securities
Net unrealized gains (losses) on securities$(1,171)$280 $(891)$(1,998)$471 $(1,527)$(993)$238 $(755)$(11,245)$2,650 $(8,595)
Less: Net realized gains (losses) reclassified to
    earnings (a)
(239)57 (182)(260)61 (199)(689)163 (526)(477)112 (365)
Net change (932)223 (709)(1,738)410 (1,328)(304)75 (229)(10,768)2,538 (8,230)
Cash flow hedge derivatives
Net unrealized gains (losses) on cash flow hedge derivatives(461)122 (339)(1,154)272 (882)(953)238 (715)(3,486)821 (2,665)
Less: Net realized gains (losses) reclassified to earnings (a)(426)112 (314)(129)30 (99)(1,129)278 (851)(2) (2)
Net change(35)10 (25)(1,025)242 (783)176 (40)136 (3,484)821 (2,663)
Pension and other postretirement benefit plan adjustments
Net pension and other postretirement benefit plan activity and other reclassified to earnings (b)1 (1) 2 (1)1 (3) (3)64 (16)48 
Net change 1 (1) 2 (1)1 (3) (3)64 (16)48 
Other
Net unrealized gains (losses) on other transactions1 (3)(2)4 (22)(18)8 (1)7 (3)(47)(50)
Net change 1 (3)(2)4 (22)(18)8 (1)7 (3)(47)(50)
Total other comprehensive income (loss)$(965)$229 $(736)$(2,757)$629 $(2,128)$(123)$34 $(89)$(14,191)$3,296 $(10,895)
(a)Reclassifications for pre-tax debt securities and cash flow hedges are recorded in Interest income and Noninterest income on the Consolidated Income Statement.
(b)Reclassifications include amortization of actuarial losses (gains) and amortization of prior period services costs (credits), which are recorded in Noninterest expense on the Consolidated Income Statement.
Accumulated Other Comprehensive Income (Loss) Components
Table 63: Accumulated Other Comprehensive Income (Loss) Components
In millions, after-taxDebt securities Cash flow hedge derivativesPension and  other postretirement benefit plan adjustmentsOtherTotal
Three months ended
Balance at June 30, 2022$(6,313)$(2,081)$74 $(38)$(8,358)
Net activity(1,328)(783)1 (18)(2,128)
Balance at September 30, 2022 (a)$(7,641)$(2,864)$75 $(56)$(10,486)
Balance at June 30, 2023$(6,684)$(2,544)$(254)$(43)$(9,525)
Net activity (709)(25) (2)(736)
Balance at September 30, 2023 (a)$(7,393)$(2,569)$(254)$(45)$(10,261)
Nine months ended
Balance at December 31, 2021$589 $(201)$27 $(6)$409 
Net activity(8,230)(2,663)48 (50)(10,895)
Balance at September 30, 2022 (a)$(7,641)$(2,864)$75 $(56)$(10,486)
Balance at December 31, 2022$(7,164)$(2,705)$(251)$(52)$(10,172)
Net activity(229)136 (3)7 (89)
Balance at September 30, 2023 (a)$(7,393)$(2,569)$(254)$(45)$(10,261)
(a)AOCI included pretax losses of $297 million and $132 million from derivatives that hedged the purchase of investment securities classified as held to maturity at September 30, 2023 and September 30, 2022, 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 September 30Nine months ended September 30
2023202220232022
Common Stock$1.55 $1.50 $4.55 $4.25 
Preferred Stock
   Series B$0.45 $0.45 $1.35 $1.35 
   Series O$2,294 $1,269 $6,468 $3,230 
   Series P $1,368  $4,431 
   Series R (b)$2,181 $4,606 $2,425 
Series S $2,500 $2,500 
   Series T$850 $850 $2,550 $2,550 
Series U $1,500 $1,817 $4,500 $1,817 
Series V$1,550  $4,650 
Series W$1,563 $3,785 
(a)     Dividends are payable quarterly, other than Series S preferred stock, which is payable semiannually.
(b) Beginning September 1, 2023, Series R preferred stock dividends are payable quarterly.