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Total Equity and Other Comprehensive Income (Tables)
 9 Months Ended
Sep. 30, 2014
Other Comprehensive Income [Abstract]  
Rollforward of Total Equity
Table 118: Rollforward of Total Equity
Shareholders' Equity
CapitalAccumulated
SharesCapitalSurplus - Other
OutstandingSurplus -CommonComprehensiveNon-
CommonCommon PreferredStockRetained IncomeTreasurycontrollingTotal
In millionsStockStockStockand OtherEarnings(Loss)StockInterestsEquity
Balance at December 31, 2012528 $2,690 $3,590 $12,193 $20,265 $834 $(569)$2,762 $41,765
Cumulative effect of adopting ASU 2014-01 (a) (55)10(45)
Balance at January 1, 2013528 $2,690 $3,590 $12,193 $20,210 $834 $(569)$2,772 $41,720
Net income (a)3,140 (2)3,138
Other comprehensive income (loss), net of tax(787)(787)
Cash dividends declared
Common ($1.28 per share)(677)(677)
Preferred(188)(188)
Preferred stock discount accretion4 (4)
Redemption of noncontrolling interests (b)(7)(368)(375)
Common stock activity 1 5 64 69
Treasury stock activity 3 (49)146 97
Preferred stock redemption - Series L (c)(150) (150)
Preferred stock issuance - Series R (d)496 496
Other102 (698)(596)
Balance at September 30, 2013 (e)532 $2,695 $3,940 $12,310 $22,474 $47 $(423)$1,704 $42,747
Balance at December 31, 2013533 $2,698 $3,941 $12,416 $23,325 $436 $(408)$1,689 $44,097
Cumulative effect of adopting ASU 2014-01 (a)(74)14 (60)
Cumulative effect of adopting ASC 860-50 (f)2 2
Balance at January 1, 2014533 $2,698 $3,941 $12,416 $23,253 $436 $(408)$1,703 $44,039
Net income3,148 2 3,150
Other comprehensive income (loss), net of tax291 291
Cash dividends declared
Common ($1.40 per share)(748)(748)
Preferred(185)(185)
Preferred stock discount accretion4 (4)
Common stock activity 1 5 56 61
Treasury stock activity (6)12 (523) (511)
Other 89 (191)(102)
Balance at September 30, 2014 (e)528 $2,703 $3,945 $12,573 $25,464 $727 $(931)$1,514 $45,995
(a)Amounts for 2013 periods have been updated to reflect the first quarter 2014 adoption of ASU 2014-01 related to investments in low income housing tax credits. See Note 1 Accounting Policies for further detail of the adoption.
(b)Relates to the redemption of REIT preferred securities in the first quarter of 2013. See Note 14 Capital Securities of Subsidiary Trusts and Perpetual Trust Securities for additional information in our Notes To Consolidated Financial Statements under Item 8 of our 2013 Form 10-K.
(c)1,500 Series L preferred shares with a $1 par value were redeemed on April 19, 2013.
(d)5,000 Series R preferred shares with a $1 par value were issued on May 7, 2013.
(e)The par value of our preferred stock outstanding was less than $.5 million at each date and, therefore, is excluded from this presentation.
(f)Amount represents the cumulative impact of our January 1, 2014 irrevocable election to prospectively measure all classes of commercial MSRs at fair value. See Note 1 Accounting Policies in Part 1. Item 1 of our Form 10-Q for the quarter ended March 31, 2014 and Note 9 Goodwill and Other Intangible Assets in this Report for more information on this election.
Other Comprehensive Income
Table 119: Other Comprehensive Income
Details of other comprehensive income (loss) are as follows:
In millionsPretaxTaxAfter-tax
Net unrealized gains (losses) on non-OTTI securities
Balance at June 30, 2013$ 895 $ (332)$ 563
Third Quarter 2013 activity
Increase in net unrealized gains (losses) on non-OTTI securities (77) 31 (46)
Less: Net gains (losses) realized as a yield adjustment reclassified to investment securities
interest income (3) 1 (2)
Less: Net gains (losses) realized on sales of securities reclassified to noninterest income (6) 2 (4)
Net unrealized gains (losses) on non-OTTI securities (68) 28 (40)
Balance at September 30, 2013 827 (304) 523
Balance at June 30, 2014 1,048 (385) 663
Third Quarter 2014 activity
Increase in net unrealized gains (losses) on non-OTTI securities (125) 46 (79)
Less: Net gains (losses) realized as a yield adjustment reclassified to investment securities
interest income 7 (3) 4
Net unrealized gains (losses) on non-OTTI securities (132) 49 (83)
Balance at September 30, 2014$ 916 $ (336)$ 580
Net unrealized gains (losses) on OTTI securities
Balance at June 30, 2013$ (99)$ 37 $ (62)
Third Quarter 2013 activity
Increase in net unrealized gains (losses) on OTTI securities 56 (20) 36
Less: OTTI losses realized on securities reclassified to noninterest income (2) 1 (1)
Net unrealized gains (losses) on OTTI securities 58 (21) 37
Balance at September 30, 2013 (41) 16 (25)
Balance at June 30, 2014 143 (51) 92
Third Quarter 2014 activity
Increase in net unrealized gains (losses) on OTTI securities 14 (5) 9
Less: OTTI losses realized on securities reclassified to noninterest income (1) 1 -
Net unrealized gains (losses) on OTTI securities 15 (6) 9
Balance at September 30, 2014$ 158 $ (57)$ 101
Net unrealized gains (losses) on cash flow hedge derivatives
Balance at June 30, 2013$ 523 $ (191)$ 332
Third Quarter 2013 activity
Increase in net unrealized gains (losses) on cash flow hedge derivatives 75 (28) 47
Less: Net gains (losses) realized as a yield adjustment reclassified to loan interest income (a) 63 (23) 40
Less: Net gains (losses) realized as a yield adjustment reclassified to investment securities
interest income (a) 16 (6) 10
Less: Net gains (losses) realized on sales of securities reclassified to noninterest income (a) 27 (10) 17
Net unrealized gains (losses) on cash flow hedge derivatives (31) 11 (20)
Balance at September 30, 2013 492 (180) 312
Balance at June 30, 2014 460 (168) 292
Third Quarter 2014 activity
Increase in net unrealized gains (losses) on cash flow hedge derivatives (17) 6 (11)
Less: Net gains (losses) realized as a yield adjustment reclassified to loan interest income (a) 61 (22) 39
Less: Net gains (losses) realized as a yield adjustment reclassified to investment securities
interest income (a) 3 (1) 2
Net unrealized gains (losses) on cash flow hedge derivatives (81) 29 (52)
Balance at September 30, 2014$ 379 $ (139)$ 240

In millionsPretaxTaxAfter-tax
Pension and other postretirement benefit plan adjustments
Balance at June 30, 2013$ (1,173)$ 429 $ (744)
Third Quarter 2013 activity
Net pension and other postretirement benefit plan activity (1) (1)
Amortization of actuarial loss (gain) reclassified to other noninterest expense 24 (8) 16
Amortization of prior service cost (credit) reclassified to other noninterest expense (2) 1 (1)
Total Third Quarter 2013 activity 21 (7) 14
Balance at September 30, 2013 (1,152) 422 (730)
Balance at June 30, 2014 (283) 103 (180)
Third Quarter 2014 activity
Amortization of actuarial loss (gain) reclassified to other noninterest expense 1 1
Amortization of prior service cost (credit) reclassified to other noninterest expense (3) 1 (2)
Total Third Quarter 2014 activity (2) 1 (1)
Balance at September 30, 2014$ (285)$ 104 $ (181)
Other
Balance at June 30, 2013$ (54)$ 10 $ (44)
Third Quarter 2013 Activity
PNC's portion of BlackRock's OCI 3 8 11
Net investment hedge derivatives (b) (55) 21 (34)
Foreign currency translation adjustments 55 (21) 34
Total Third Quarter 2013 activity 3 8 11
Balance at September 30, 2013 (51) 18 (33)
Balance at June 30, 2014 (13) 27 14
Third Quarter 2014 Activity
PNC's portion of BlackRock's OCI (10) 4 (6)
Net investment hedge derivatives (b) 51 (19) 32
Foreign currency translation adjustments (c) (53) (53)
Total Third Quarter 2014 activity (12) (15) (27)
Balance at September 30, 2014$ (25)$ 12 $ (13)
(a)Cash flow hedge derivatives are interest rate contract derivatives designated as hedging instruments under GAAP.
(b)Net investment hedge derivatives are foreign exchange contracts designated as hedging instruments under GAAP.
(c)As of September 30, 2013, PNC made an assertion under ASC 740 - Income Taxes that the earnings of PNC's Luxembourg-UK lending business were indefinitely reinvested; thereafter, no U.S. deferred income tax has been recorded on the foreign currency translation of the investment.

In millionsPretaxTaxAfter-tax
Net unrealized gains (losses) on non-OTTI securities
Balance at December 31, 2012$ 1,858 $ (681)$ 1,177
2013 activity
Increase in net unrealized gains (losses) on non-OTTI securities (963) 352 (611)
Less: Net gains (losses) realized as a yield adjustment reclassified to investment
securities interest income 22 (8) 14
Less: Net gains (losses) realized on sale of securities reclassified to noninterest income 46 (17) 29
Net unrealized gains (losses) on non-OTTI securities (1,031) 377 (654)
Balance at September 30, 2013 827 (304) 523
Balance at December 31, 2013 647 (238) 409
2014 activity
Increase in net unrealized gains (losses) on non-OTTI securities 296 (108) 188
Less: Net gains (losses) realized as a yield adjustment reclassified to investment
securities interest income 21 (8) 13
Less: Net gains (losses) realized on sale of securities reclassified to noninterest income 6 (2) 4
Net unrealized gains (losses) on non-OTTI securities 269 (98) 171
Balance at September 30, 2014$ 916 $ (336)$ 580
Net unrealized gains (losses) on OTTI securities
Balance at December 31, 2012$ (195)$ 72 $ (123)
2013 activity
Increase in net unrealized gains (losses) on OTTI securities 138 (50) 88
Less: OTTI losses realized on securities reclassified to noninterest income (16) 6 (10)
Net unrealized gains (losses) on OTTI securities 154 (56) 98
Balance at September 30, 2013 (41) 16 (25)
Balance at December 31, 2013 36 (12) 24
2014 activity
Increase in net unrealized gains (losses) on OTTI securities 118 (43) 75
Less: OTTI losses realized on securities reclassified to noninterest income (4) 2 (2)
Net unrealized gains (losses) on OTTI securities 122 (45) 77
Balance at September 30, 2014$ 158 $ (57)$ 101
Net unrealized gains (losses) on cash flow hedge derivatives
Balance at December 31, 2012$ 911 $ (333)$ 578
2013 activity
Increase in net unrealized gains (losses) on cash flow hedge derivatives (104) 38 (66)
Less: Net gains (losses) realized as a yield adjustment reclassified to loan interest income (a) 216 (79) 137
Less: Net gains (losses) realized as a yield adjustment reclassified to investment securities
interest income (a) 49 (18) 31
Less: Net gains (losses) realized on sales of securities reclassified to noninterest income (a) 50 (18) 32
Net unrealized gains (losses) on cash flow hedge derivatives (419) 153 (266)
Balance at September 30, 2013 492 (180) 312
Balance at December 31, 2013 384 (141) 243
2014 activity
Increase in net unrealized gains (losses) on cash flow hedge derivatives 193 (72) 121
Less: Net gains (losses) realized as a yield adjustment reclassified to loan interest income (a) 191 (70) 121
Less: Net gains (losses) realized as a yield adjustment reclassified to investment securities
interest income (a) 9 (4) 5
Less: Net gains (losses) realized on sales of securities reclassified to noninterest income (a) (2) - (2)
Net unrealized gains (losses) on cash flow hedge derivatives (5) 2 (3)
Balance at September 30, 2014$ 379 $ (139)$ 240

In millionsPretaxTaxAfter-tax
Pension and other postretirement benefit plan adjustments
Balance at December 31, 2012$ (1,226)$ 449 $ (777)
2013 Activity
Net pension and other postretirement benefit plan activity 11 (4) 7
Amortization of actuarial loss (gain) reclassified to other noninterest expense 71 (26) 45
Amortization of prior service cost (credit) reclassified to other noninterest expense (8) 3 (5)
Total 2013 activity 74 (27) 47
Balance at September 30, 2013 (1,152) 422 (730)
Balance at December 31, 2013 (374) 137 (237)
2014 Activity
Net pension and other postretirement benefit plan activity 93 (35) 58
Amortization of actuarial loss (gain) reclassified to other noninterest expense 3 (1) 2
Amortization of prior service cost (credit) reclassified to other noninterest expense (7) 3 (4)
Total 2014 Activity 89 (33) 56
Balance at September 30, 2014$ (285)$ 104 $ (181)
Other
Balance at December 31, 2012$ (41)$ 20 $ (21)
2013 Activity
PNC's portion of BlackRock's OCI (8) (3) (11)
Net investment hedge derivatives (b) 1 1
Foreign currency translation adjustments (3) 1 (2)
Total 2013 activity (10) (2) (12)
Balance at September 30, 2013 (51) 18 (33)
Balance at December 31, 2013 (20) 17 (3)
2014 Activity
PNC's portion of BlackRock's OCI (3) 2 (1)
Net investment hedge derivatives (b) 18 (7) 11
Foreign currency translation adjustments (c) (20) (20)
Total 2014 activity (5) (5) (10)
Balance at September 30, 2014$ (25)$ 12 $ (13)
(a)Cash flow hedge derivatives are interest rate contract derivatives designated as hedging instruments under GAAP.
(b)Net investment hedge derivatives are foreign exchange contracts designated as hedging instruments under GAAP.
(c)As of September 30, 2013, PNC made an assertion under ASC 740 - Income Taxes that the earnings of PNC's Luxembourg-UK lending business were indefinitely reinvested; thereafter, no U.S. deferred income tax has been recorded on the foreign currency translation of the investment.
Accumulated Other Comprehensive Income (Loss) Components
Table 120: Accumulated Other Comprehensive Income (Loss) Components
September 30, 2014December 31, 2013
In millionsPretaxAfter-taxPretaxAfter-tax
Net unrealized gains (losses) on non-OTTI securities$ 916 $ 580 $ 647 $ 409
Net unrealized gains (losses) on OTTI securities 158 101 36 24
Net unrealized gains (losses) on cash flow hedge derivatives 379 240 384 243
Pension and other postretirement benefit plan adjustments(285)(181)(374)(237)
Other(25)(13)(20)(3)
Accumulated other comprehensive income (loss)$ 1,143 $ 727 $ 673 $ 436