Total Equity and Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2015

Other Comprehensive Income [Abstract]

Table 106: Rollforward of Total Equity

				Shareholders' Equity
									Capital				Accumulated
		Shares					Capital		Surplus -				Other
		Outstanding					Surplus -		Common				Comprehensive						Non-
		Common			Common		Preferred		Stock		Retained		Income			Treasury		controlling		Total
In millions			Stock		Stock		Stock		and Other		Earnings		(Loss)			Stock		Interests		Equity
Balance at December 31, 2013			533		$	2,698	$	3,941	$	12,416	$	23,251		$	436	$	(408)	$	1,703	$	44,037
Cumulative effect of adopting ASC 860-50 (a)												2									2
Balance at January 1, 2014			533		$	2,698	$	3,941	$	12,416	$	23,253		$	436	$	(408)	$	1,703	$	44,039
Net income												2,111							1		2,112
Other comprehensive income (loss), net of tax															445						445
Cash dividends declared
	Common ($.92 per share)											(491)									(491)
	Preferred											(115)									(115)
Preferred stock discount accretion								3				(3)
Common stock activity			1			5				55											60
Treasury stock activity			(2)							11							(176)				(165)
Other										24									(116)		(92)
Balance at June 30, 2014 (b)			532		$	2,703	$	3,944	$	12,506	$	24,755		$	881	$	(584)	$	1,588	$	45,793
Balance at January 1, 2015			523		$	2,705	$	3,946	$	12,627	$	26,200		$	503	$	(1,430)	$	1,523	$	46,074
Net income												2,043							5		2,048
Other comprehensive income (loss), net of tax															(124)						(124)
Cash dividends declared
	Common ($.99 per share)											(516)									(516)
	Preferred											(115)									(115)
Preferred stock discount accretion								3				(3)
Common stock activity			1			3				34											37
Treasury stock activity			(8)							(55)							(832)				(887)
Preferred stock redemption - Series K (c)								(500)													(500)
Other										26									(131)		(105)
Balance at June 30, 2015 (b)			516		$	2,708	$	3,449	$	12,632	$	27,609		$	379	$	(2,262)	$	1,397	$	45,912
(a)		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 and Note 8 Goodwill and Other Intangible Assets for more information on this election in our Notes To Consolidated Financial Statements under Item 8 of our 2014 Form 10-K.
(b)		The par value of our preferred stock outstanding was less than $.5 million at each date and, therefore, is excluded from this presentation.
(c)		On May 4, 2015, PNC redeemed all 50,000 shares of its Series K Preferred Stock, as well as all 500,000 Depositary Shares representing fractional interests in such shares, resulting in net outflow of $500 million.

Other Comprehensive Income

Table 107: Other Comprehensive Income

Details of other comprehensive income (loss) are as follows:

In millions			Pretax		Tax		After-tax
Net unrealized gains (losses) on non-OTTI securities
Balance at March 31, 2014		$	836	$	(307)	$	529
Second Quarter 2014 activity
Increase in net unrealized gains (losses) on non-OTTI securities			220		(80)		140
Less: Net gains (losses) realized as a yield adjustment reclassified to investment securities
	interest income		7		(2)		5
Less: Net gains (losses) realized on sales of securities reclassified to noninterest income			1				1
Net unrealized gains (losses) on non-OTTI securities			212		(78)		134
Balance at June 30, 2014			1,048		(385)		663

Balance at March 31, 2015			1,096		(402)		694
Second Quarter 2015 activity
Increase in net unrealized gains (losses) on non-OTTI securities			(346)		128		(218)
Less: Net gains (losses) realized as a yield adjustment reclassified to investment securities
	interest income		7		(2)		5
Less: Net gains (losses) realized on sales of securities reclassified to noninterest income			12		(4)		8
Net unrealized gains (losses) on non-OTTI securities			(365)		134		(231)
Balance at June 30, 2015		$	731	$	(268)	$	463
Net unrealized gains (losses) on OTTI securities
Balance at March 31, 2014		$	102	$	(37)	$	65
Second Quarter 2014 activity
Increase in net unrealized gains (losses) on OTTI securities			40		(14)		26
Less: OTTI losses realized on securities reclassified to noninterest income			(1)				(1)
Net unrealized gains (losses) on OTTI securities			41		(14)		27
Balance at June 30, 2014			143		(51)		92

Balance at March 31, 2015			118		(42)		76
Second Quarter 2015 activity
Increase in net unrealized gains (losses) on OTTI securities			3		(1)		2
Less: OTTI losses realized on securities reclassified to noninterest income			(1)		1
Net unrealized gains (losses) on OTTI securities			4		(2)		2
Balance at June 30, 2015		$	122	$	(44)	$	78
Net unrealized gains (losses) on cash flow hedge derivatives
Balance at March 31, 2014		$	379	$	(139)	$	240
Second Quarter 2014 activity
Increase in net unrealized gains (losses) on cash flow hedge derivatives			138		(50)		88
Less: Net gains (losses) realized as a yield adjustment reclassified to loan interest income (a)			61		(23)		38
Less: Net gains (losses) realized as a yield adjustment reclassified to investment securities
	interest income (a)		3		(1)		2
Less: Net gains (losses) realized on sales of securities reclassified to noninterest income (a)			(7)		3		(4)
Net unrealized gains (losses) on cash flow hedge derivatives			81		(29)		52
Balance at June 30, 2014			460		(168)		292

Balance at March 31, 2015			791		(290)		501
Second Quarter 2015 activity
Increase in net unrealized gains (losses) on cash flow hedge derivatives			(102)		38		(64)
Less: Net gains (losses) realized as a yield adjustment reclassified to loan interest income (a)			64		(24)		40
Less: Net gains (losses) realized as a yield adjustment reclassified to investment securities
	interest income (a)		8		(3)		5
Less: Net gains (losses) realized on sales of securities reclassified to noninterest income (a)			(4)		2		(2)
Net unrealized gains (losses) on cash flow hedge derivatives			(170)		63		(107)
Balance at June 30, 2015		$	621	$	(227)	$	394

In millions			Pretax		Tax		After-tax
Pension and other postretirement benefit plan adjustments
Balance at March 31, 2014		$	(292)	$	107	$	(185)
Second Quarter 2014 activity
Net pension and other postretirement benefit plan activity			10		(4)		6
Amortization of actuarial loss (gain) reclassified to other noninterest expense			1		(1)
Amortization of prior service cost (credit) reclassified to other noninterest expense			(2)		1		(1)
	Total Second Quarter 2014 activity		9		(4)		5
Balance at June 30, 2014			(283)		103		(180)

Balance at March 31, 2015			(760)		278		(482)
Second Quarter 2015 activity
Net pension and other postretirement benefit plan activity			(17)		7		(10)
Amortization of actuarial loss (gain) reclassified to other noninterest expense			9		(4)		5
Amortization of prior service cost (credit) reclassified to other noninterest expense			(2)		1		(1)
	Total Second Quarter 2015 activity		(10)		4		(6)
Balance at June 30, 2015		$	(770)	$	282	$	(488)
Other
Balance at March 31, 2014		$	(9)	$	16	$	7
Second Quarter 2014 Activity
PNC's portion of BlackRock's OCI			(4)		2		(2)
Net investment hedge derivatives (b)			(26)		9		(17)
Foreign currency translation adjustments (c)			26				26
	Total Second Quarter 2014 activity		(4)		11		7
Balance at June 30, 2014			(13)		27		14

Balance at March 31, 2015			(86)				(86)
Second Quarter 2015 Activity
PNC's portion of BlackRock's OCI			(9)		3		(6)
Net investment hedge derivatives (b)			(65)		24		(41)
Foreign currency translation adjustments (c)			65				65
	Total Second Quarter 2015 activity		(9)		27		18
Balance at June 30, 2015		$	(95)	$	27	$	(68)


In millions		Pretax		Tax		After-tax
Net unrealized gains (losses) on non-OTTI securities
Balance at December 31, 2013	$	647	$	(238)	$	409
2014 activity
Increase in net unrealized gains (losses) on non-OTTI securities		421		(154)		267
Less: Net gains (losses) realized as a yield adjustment reclassified to investment
securities interest income		14		(5)		9
Less: Net gains (losses) realized on sale of securities reclassified to noninterest income		6		(2)		4
Net unrealized gains (losses) on non-OTTI securities		401		(147)		254
Balance at June 30, 2014		1,048		(385)		663

Balance at December 31, 2014		1,022		(375)		647
2015 activity
Increase in net unrealized gains (losses) on non-OTTI securities		(214)		79		(135)
Less: Net gains (losses) realized as a yield adjustment reclassified to investment
securities interest income		14		(5)		9
Less: Net gains (losses) realized on sale of securities reclassified to noninterest income		63		(23)		40
Net unrealized gains (losses) on non-OTTI securities		(291)		107		(184)
Balance at June 30, 2015	$	731	$	(268)	$	463
Net unrealized gains (losses) on OTTI securities
Balance at December 31, 2013	$	36	$	(12)	$	24
2014 activity
Increase in net unrealized gains (losses) on OTTI securities		104		(38)		66
Less: OTTI losses realized on securities reclassified to noninterest income		(3)		1		(2)
Net unrealized gains (losses) on OTTI securities		107		(39)		68
Balance at June 30, 2014		143		(51)		92

Balance at December 31, 2014		115		(41)		74
2015 activity
Increase in net unrealized gains (losses) on OTTI securities		5		(2)		3
Less: OTTI losses realized on securities reclassified to noninterest income		(2)		1		(1)
Net unrealized gains (losses) on OTTI securities		7		(3)		4
Balance at June 30, 2015	$	122	$	(44)	$	78
Net unrealized gains (losses) on cash flow hedge derivatives
Balance at December 31, 2013	$	384	$	(141)	$	243
2014 activity
Increase in net unrealized gains (losses) on cash flow hedge derivatives		210		(76)		134
Less: Net gains (losses) realized as a yield adjustment reclassified to loan interest income (a)		130		(48)		82
Less: Net gains (losses) realized as a yield adjustment reclassified to investment securities
interest income (a)		6		(2)		4
Less: Net gains (losses) realized on sales of securities reclassified to noninterest income (a)		(2)		1		(1)
Net unrealized gains (losses) on cash flow hedge derivatives		76		(27)		49
Balance at June 30, 2014		460		(168)		292

Balance at December 31, 2014		552		(202)		350
2015 activity
Increase in net unrealized gains (losses) on cash flow hedge derivatives		196		(72)		124
Less: Net gains (losses) realized as a yield adjustment reclassified to loan interest income (a)		128		(47)		81
Less: Net gains (losses) realized as a yield adjustment reclassified to investment securities
interest income (a)		12		(5)		7
Less: Net gains (losses) realized on sales of securities reclassified to noninterest income (a)		(13)		5		(8)
Net unrealized gains (losses) on cash flow hedge derivatives		69		(25)		44
Balance at June 30, 2015	$	621	$	(227)	$	394

In millions			Pretax		Tax		After-tax
Pension and other postretirement benefit plan adjustments
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			2		(1)		1
Amortization of prior service cost (credit) reclassified to other noninterest expense			(4)		2		(2)
	Total 2014 activity		91		(34)		57
Balance at June 30, 2014			(283)		103		(180)

Balance at December 31, 2014			(820)		300		(520)
2015 Activity
Net pension and other postretirement benefit plan activity			36		(13)		23
Amortization of actuarial loss (gain) reclassified to other noninterest expense			18		(7)		11
Amortization of prior service cost (credit) reclassified to other noninterest expense			(4)		2		(2)
	Total 2015 Activity		50		(18)		32
Balance at June 30, 2015		$	(770)	$	282	$	(488)
Other
Balance at December 31, 2013		$	(20)	$	17	$	(3)
2014 Activity
PNC's portion of BlackRock's OCI			7		(2)		5
Net investment hedge derivatives (b)			(33)		12		(21)
Foreign currency translation adjustments			33				33
	Total 2014 activity		7		10		17
Balance at June 30, 2014			(13)		27		14

Balance at December 31, 2014			(59)		11		(48)
2015 Activity
PNC's portion of BlackRock's OCI			(34)		12		(22)
Net investment hedge derivatives (b)			(11)		4		(7)
Foreign currency translation adjustments (c)			9				9
	Total 2015 activity		(36)		16		(20)
Balance at June 30, 2015		$	(95)	$	27	$	(68)
(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)	The earnings of PNC's Luxembourg-UK lending business have been indefinitely reinvested: therefore, no U.S. deferred income tax has been recorded on the foreign currency translation of the investment.

Accumulated Other Comprehensive Income (Loss) Components

Table 108: Accumulated Other Comprehensive Income (Loss) Components

	June 30, 2015					December 31, 2014
In millions		Pretax		After-tax		Pretax		After-tax
Net unrealized gains (losses) on non-OTTI securities		$	731	$	463	$	1,022	$	647
Net unrealized gains (losses) on OTTI securities			122		78		115		74
Net unrealized gains (losses) on cash flow hedge derivatives			621		394		552		350
Pension and other postretirement benefit plan adjustments			(770)		(488)		(820)		(520)
Other			(95)		(68)		(59)		(48)
Accumulated other comprehensive income (loss)		$	609	$	379	$	810	$	503