Employee Benefit Plans (Tables)
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12 Months Ended |
Dec. 31, 2011
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Employee Benefit Plans [Abstract] |
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Schedule of Defined Benefit Plans Disclosures [Table Text Block] |
Reconciliation of Changes in Projected Benefit Obligation and Change in Plan Assets | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Qualified | | Nonqualified | | Postretirement | | | | Pension | | Pension | | Benefits | | December 31 (Measurement Date) – in millions | | 2011 | | | 2010 | | | 2011 | | | 2010 | | | 2011 | | | 2010 | | Accumulated benefit obligation at end of year | $ | 4,095 | | $ | 3,619 | | $ | 289 | | $ | 286 | | | | | | | | Projected benefit obligation at beginning of year | $ | 3,803 | | $ | 3,611 | | $ | 290 | | $ | 282 | | $ | 393 | | $ | 374 | | Service cost | | 94 | | | 102 | | | 4 | | | 3 | | | 7 | | | 5 | | Interest cost | | 196 | | | 203 | | | 13 | | | 14 | | | 19 | | | 20 | | Actuarial losses and changes in assumptions | | 304 | | | 92 | | | 15 | | | 11 | | | (1) | | | 20 | | Participant contributions | | | | | | | | | | | | | | 13 | | | 14 | | Federal Medicare subsidy on benefits paid | | | | | | | | | | | | | | 2 | | | 2 | | Early Retirement Reinsurance Program payments received | | | | | | | | | | | | | | 1 | | | | | Benefits paid | | (209) | | | (205) | | | (25) | | | (20) | | | (37) | | | (42) | | | Projected benefit obligation at end of year | $ | 4,188 | | $ | 3,803 | | $ | 297 | | $ | 290 | | $ | 397 | | $ | 393 | | Fair value of plan assets at beginning of year | $ | 3,991 | | $ | 3,721 | | | | | | | | | | | | | | Actual return on plan assets | | 23 | | | 475 | | | | | | | | | | | | | | Employer contribution | | | | | | | $ | 25 | | $ | 20 | | $ | 22 | | $ | 26 | | Participant contributions | | | | | | | | | | | | | | 13 | | | 14 | | Federal Medicare subsidy on benefits paid | | | | | | | | | | | | | | 2 | | | 2 | | Benefits paid | | (209) | | | (205) | | | (25) | | | (20) | | | (37) | | | (42) | | | Fair value of plan assets at end of year | $ | 3,805 | | $ | 3,991 | | | | | | | | | | | | | | Funded status | $ | (383) | | $ | 188 | | $ | (297) | | $ | (290) | | $ | (397) | | $ | (393) | | Amounts recognized in the statement of financial positions | | | | | | | | | | | | | | | | | | | | Noncurrent asset | | | | | 188 | | | | | | | | | | | | | | | Current liability | | | | | | | | (30) | | | (33) | | | (34) | | | (35) | | | Noncurrent liability | | (383) | | | | | | (267) | | | (257) | | | (363) | | | (358) | | | Net amount recognized on the balance sheet | $ | (383) | | $ | 188 | | $ | (297) | | $ | (290) | | $ | (397) | | $ | (393) | | Amounts recognized in accumulated other comprehensive | | | | | | | | | | | | | | | | | | | | income consist of: | | | | | | | | | | | | | | | | | | | Prior service cost (credit) | $ | (39) | | $ | (46) | | $ | 2 | | $ | 2 | | $ | (11) | | $ | (14) | | Net actuarial loss | | 1,087 | | | 526 | | | 71 | | | 61 | | | 54 | | | 55 | | | Amount recognized in AOCI | $ | 1,048 | | $ | 480 | | $ | 73 | | $ | 63 | | $ | 43 | | $ | 41 | |
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Asset Strategy Allocations [Table Text Block] |
Asset Strategy Allocations | | | | | | | | | | | | Percentage | | | | of Plan | | | Target | Assets by | | | Allocation | Strategy at | | | Range | December 31 | | PNC Pension Plan | | | | | 2011 | 2010 | | Asset Category | | | | | | | | | | Domestic Equity | 20 | - | 40 | % | 41 | % | 40 | % | | International Equity | 10 | - | 25 | % | 21 | % | 21 | % | | Private Equity | 0 | - | 10 | % | 3 | % | 2 | % | | Total Equity | 40 | - | 70 | % | 65 | % | 63 | % | | Domestic Fixed Income | 20 | - | 40 | % | 20 | % | 24 | % | | High Yield Fixed Income | 0 | - | 15 | % | 12 | % | 10 | % | | Total Fixed Income | 20 | - | 55 | % | 32 | % | 34 | % | | Real estate | 0 | - | 10 | % | 3 | % | 3 | % | | Other | 0 | - | 5 | % | 0 | % | 0 | % | | Total | | | | | 100 | % | 100 | % | |
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Schedule of Allocation of Plan Assets [Table Text Block] |
Pension Plan Assets – Fair Value Hierarchy | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements Using: | | | | | | Quoted Prices in | | Significant | | | | | | | | | Active Markets | | Other | | Significant | | | December 31 | | For Identical | | Observable | | Unobservable | | | 2011 | | Assets | | Inputs | | Inputs | | In millions | Fair Value | | (Level 1) | | (Level 2) | | (Level 3) | | Cash | $ | 2 | | $ | 2 | | | | | | | | Money market funds | | 137 | | | 135 | | $ | 2 | | | | | US government and agency securities | | 395 | | | 114 | | | 281 | | | | | Corporate debt (a) | | 799 | | | | | | 722 | | $ | 77 | | Common stock | | 933 | | | 933 | | | | | | | | Preferred stock | | 13 | | | 9 | | | 2 | | | 2 | | Mutual funds | | 37 | | | | | | 37 | | | | | Interest in Collective Funds (b) | | 1,314 | | | | | | 937 | | | 377 | | Limited partnerships | | 130 | | | | | | | | | 130 | | Other | | 45 | | | 2 | | | 16 | | | 27 | | Total | $ | 3,805 | | $ | 1,195 | | $ | 1,997 | | $ | 613 | |
| | | | | | | | | | | | | | | | Fair Value Measurements Using: | | | | | | | Quoted Prices in | | Significant | | | | | | | | | | Active Markets | | Other | | Significant | | | | December 31 | | For Identical | | Observable | | Unobservable | | | | 2010 | | Assets | | Inputs | | Inputs | | In millions | Fair Value | | (Level 1) | | (Level 2) | | (Level 3) | | Cash | $ | 5 | | $ | 5 | | | | | | | | Money market funds | | 108 | | | | | $ | 108 | | | | | US government and agency securities | | 518 | | | 267 | | | 251 | | | | | Corporate debt (a) | | 916 | | | 8 | | | 555 | | $ | 353 | | Common stock | | 1,153 | | | 652 | | | 501 | | | | | Preferred Stock | | 42 | | | | | | 42 | | | | | Mutual funds | | 36 | | | | | | 36 | | | | | Interest in Collective Funds (b) | | 1,016 | | | | | | 646 | | | 370 | | Limited partnerships | | 75 | | | | | | | | | 75 | | Other | | 122 | | | 14 | | | 77 | | | 31 | | Total | $ | 3,991 | | $ | 946 | | $ | 2,216 | | $ | 829 | | (a) | Corporate debt includes $106 million and $175 million of non-agency mortgage-backed securities as of December 31, 2011 and 2010, respectively. | | (b) | The benefit plans own commingled funds that invest in equity and fixed income securities. The commingled funds that invest in equity securities seek | | | to mirror the performance of the S&P 500 Index, Russell 3000 Index, Morgan Stanley Capital International ACWI X US Index, and the Dow Jones | | | U.S. Select Real Estate Securities Index. The commingled fund that holds fixed income securities invests in domestic investment grade securities | | | and seeks to mimic the performance of the Barclays Aggregate Bond Index. | |
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Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block] |
Rollforward of Pension Plan Level 3 Assets | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Interest in Common Collective Funds | | Corporate Debt | | | Limited Partnership | | | Other | | | Preferred Stock | In millions | | | | | | | | | | January 1, 2011 | $ | 370 | | $ | 353 | | $ | 75 | | $ | 31 | | | | Net realized gain on sale of investments | | (1) | | | (9) | | | (6) | | | 3 | | | | Net unrealized gain/(loss) on assets held at end of year | | (19) | | | (12) | | | 55 | | | (4) | | $ | (1) | Purchases | | 27 | | | 29 | | | 16 | | | 4 | | | 3 | Sales | | | | | (184) | | | (10) | | | (7) | | | | Transfers into Level 3 | | | | | 30 | | | | | | | | | | Transfers (from) Level 3 | | | | | (130) | | | | | | | | | | December 31, 2011 | $ | 377 | | $ | 77 | | $ | 130 | | $ | 27 | | $ | 2 |
| | | Interest in Common Collective Funds | | | Corporate Debt | | | Limited Partnerships | | | Other | In millions | | | | | | | | | January 1, 2010 | | $ | 57 | | $ | 117 | | $ | 62 | | $ | 44 | Net realized gain on sale of investments | | | | | | 37 | | | 6 | | | 4 | Net unrealized gain/(loss) on assets held at end of year | | | 99 | | | (48) | | | 3 | | | (15) | Purchases, sales, issuances, and settlements (net) | | | 214 | | | 214 | | | 4 | | | 1 | Transfers into (from) Level 3 | | | | | | 33 | | | | | | (3) | December 31, 2010 | | $ | 370 | | $ | 353 | | $ | 75 | | $ | 31 |
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Estimated Cash Flows [Table Text Block] |
Estimated Cash Flows | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Postretirement Benefits | | | | | | | | | | | | | | | | Reduction in PNC | | | | | | | | | | | | | Benefit Payments | | | Qualified | | Nonqualified | | Gross PNC | | | Due to Medicare | In millions | Pension | | Pension | | Benefit Payments | | | Part D Subsidy | Estimated 2012 employer contributions | | | | $ | 30 | | $ | 36 | | $ | 2 | Estimated future benefit payments | | | | | | | | | | | | | 2012 | $ | 251 | | $ | 30 | | $ | 36 | | $ | 2 | | 2013 | | 263 | | | 30 | | | 33 | | | 2 | | 2014 | | 274 | | | 29 | | | 34 | | | 2 | | 2015 | | 282 | | | 27 | | | 34 | | | 2 | | 2016 | | 288 | | | 26 | | | 33 | | | 2 | | 2017-2021 | | 1,578 | | | 108 | | | 156 | | | 8 |
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Schedule of Net Benefit Costs [Table Text Block] |
Components of Net Periodic Benefit Cost | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Qualified Pension Plan | | Nonqualified Pension Plan | | Postretirement Benefits | | Year ended December 31 – in millions | | 2011 | | | 2010 | | | 2009 | | | 2011 | | | 2010 | | | 2009 | | | 2011 | | | 2010 | | | 2009 | | Net periodic cost consists of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Service cost | $ | 94 | | $ | 102 | | $ | 90 | | $ | 4 | | $ | 3 | | $ | 2 | | $ | 7 | | $ | 5 | | $ | 4 | | Interest cost | | 196 | | | 203 | | | 206 | | | 13 | | | 14 | | | 15 | | | 19 | | | 20 | | | 21 | | Expected return on plan assets | | (298) | | | (285) | | | (260) | | | | | | | | | | | | | | | | | | | | Amortization of prior service cost | | (8) | | | (8) | | | (2) | | | | | | | | | | | | (3) | | | (3) | | | (5) | | Amortization of actuarial losses | | 19 | | | 34 | | | 83 | | | 5 | | | 3 | | | 1 | | | | | | | | | | | Net periodic cost | | 3 | | | 46 | | | 117 | | | 22 | | | 20 | | | 18 | | | 23 | | | 22 | | | 20 | | Other changes in plan assets and benefit | | | | | | | | | | | | | | | | | | | | | | | | | | | | | obligations recognized in other | | | | | | | | | | | | | | | | | | | | | | | | | | | | | comprehensive income: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Current year prior service cost/(credit) | | | | | | | | (43) | | | | | | | | | 2 | | | | | | | | | | | Amortization of prior service credit | | 8 | | | 8 | | | 2 | | | | | | | | | | | | 3 | | | 3 | | | 5 | | Current year actuarial loss/(gain) | | 579 | | | (99) | | | (263) | | | 15 | | | 11 | | | 24 | | | (1) | | | 21 | | | 21 | | Amortization of actuarial (loss) | | (19) | | | (34) | | | (83) | | | (5) | | | (3) | | | (1) | | | (1) | | | | | | | | | Total recognized in OCI | | 568 | | | (125) | | | (387) | | | 10 | | | 8 | | | 25 | | | 1 | | | 24 | | | 26 | | | Total recognized in net periodic cost | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | and OCI | $ | 571 | | $ | (79) | | $ | (270) | | $ | 32 | | $ | 28 | | $ | 43 | | $ | 24 | | $ | 46 | | $ | 46 | |
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Schedule Of Net Benefit Costs Assumptions [Table Text Block] |
Net Periodic Costs – Assumptions | | | | | | | | | | | | | | | | | | | Net Periodic Cost Determination | | Year ended December 31 | 2011 | | 2010 | | 2009 | | | Discount rate | | | | | | | | | Qualified pension | 5.20 | % | 5.75 | % | 6.05 | % | | | Nonqualified pension | 4.80 | | 5.15 | | 5.90 | | | | Postretirement benefits | 5.00 | | 5.40 | | 5.95 | | | Rate of compensation increase (average) | 4.00 | | 4.00 | | 4.00 | | | Assumed health care cost trend rate | | | | | | | | | Initial trend | 8.00 | | 8.50 | | 9.00 | | | | Ultimate trend | 5.00 | | 5.00 | | 5.00 | | | | Year ultimate reached | 2019 | | 2014 | | 2014 | | | Expected long-term return on plan assets | 7.75 | | 8.00 | | 8.25 | | |
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Other Pension Assumptions [Table Text Block] |
Other Pension Assumptions | | | | | | | | | | | | | | | At December 31 | | Year ended December 31 | 2011 | | 2010 | | | Discount rate | | | | | | | Qualified pension | 4.60 | % | 5.20 | % | | | Nonqualified pension | 4.20 | | 4.80 | | | | Postretirement benefits | 4.40 | | 5.00 | | | Rate of compensation increase (average) | 4.00 | | 4.00 | | | Assumed health care cost trend rate | | | | | | | Initial trend | 8.00 | | 8.00 | | | | Ultimate trend | 5.00 | | 5.00 | | | | Year ultimate reached | 2019 | | 2019 | | |
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Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block] |
Effect of One Percent Change in Assumed Health Care Cost | | | | | | | | | | | | Year ended December 31, 2011 | | | | | | In millions | | Increase | | | Decrease | Effect on total service and interest cost | $ | 1 | | $ | (1) | Effect on year-end benefit obligation | $ | 13 | | $ | (13) |
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Estimated Amortization Of Unamortized Actuarial Gains And Losses [Table Text Block] |
Estimated Amortization of Unamortized Actuarial Gains and Losses—2012 | | | | | | | | | | | 2012 Estimate | | Year ended December 31 | | Qualified | | | Nonqualified | | Postretirement | | In millions | | Pension | | | Pension | | Benefits | | Prior service (credit) | $ | (8) | | | | | $ | (3) | | Net actuarial loss | | 88 | | $ | 6 | | | 2 | | Total | $ | 80 | | $ | 6 | | $ | (1) | |
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