Total Equity and Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2016

Other Comprehensive Income [Abstract]

Table 83: Rollforward of Total Equity

				Shareholders' Equity
In millions		Shares 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
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								(500)													(500)
Other										26									(131)		(105)
Balance at June 30, 2015 (a)			516		$	2,708	$	3,449	$	12,632	$	27,609		$	379	$	(2,262)	$	1,397	$	45,912
Balance at January 1, 2016			504		$	2,708	$	3,452	$	12,745	$	29,043		$	130	$	(3,368)	$	1,270	$	45,980
Net income												1,890							42		1,932
Other comprehensive income (loss), net of tax															606						606
Cash dividends declared
	Common ($1.02 per share)											(516)									(516)
	Preferred											(105)									(105)
Preferred stock discount accretion								3				(3)
Common stock activity (b)						1				10											11
Treasury stock activity			(11)							(13)							(936)				(949)
Other										(89)									(171)		(260)
Balance at June 30, 2016 (a)			493		$	2,709	$	3,455	$	12,653	$	30,309		$	736	$	(4,304)	$	1,141	$	46,699
(a)	The par value of our preferred stock outstanding was less than $.5 million at each date and, therefore, is excluded from this presentation.
(b)	Common stock activity totaled less than .5 million shares issued.

Other Comprehensive Income

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

Table 84: Other Comprehensive Income
			Three Months Ended June 30				Six Months Ended June 30
In millions			2016		2015		2016		2015
Net unrealized gains (losses) on non-OTTI securities
Increase in net unrealized gains (losses) on non-OTTI securities		$	286	$	(346)	$	805	$	(214)
Less: Net gains (losses) realized as a yield adjustment reclassified to investment securities interest income			8		7		14		14
Less: Net gains (losses) realized on sales of securities reclassified to noninterest income			5		12		14		63
Net increase (decrease), pre-tax			273		(365)		777		(291)
Effect of income taxes			(100)		134		(285)		107
Net increase (decrease), after-tax			173		(231)		492		(184)

Net unrealized gains (losses) on OTTI securities
Increase in net unrealized gains (losses) on OTTI securities			17		3		(22)		5
Less: OTTI losses realized on securities reclassified to noninterest income					(1)		(1)		(2)
Net increase (decrease), pre-tax			17		4		(21)		7
Effect of income taxes			(6)		(2)		8		(3)
Net increase (decrease), after-tax			11		2		(13)		4

Net unrealized gains (losses) on cash flow hedge derivatives
Increase in net unrealized gains (losses) on cash flow hedge derivatives			126		(102)		391		196
Less: Net gains (losses) realized as a yield adjustment reclassified to loan interest income			56		64		116		128
Less: Net gains (losses) realized as a yield adjustment reclassified to investment securities interest income			8		8		13		12
Less: Net gains (losses) realized on sales of securities reclassified to noninterest income			(1)		(4)		(1)		(13)
Net increase (decrease), pre-tax			63		(170)		263		69
Effect of income taxes			(23)		63		(96)		(25)
Net increase (decrease), after-tax			40		(107)		167		44

Pension and other postretirement benefit plan adjustments
Net pension and other postretirement benefit activity			(7)		(17)		(5)		36
Amortization of actuarial loss (gain) reclassified to other noninterest expense			12		9		24		18
Amortization of prior service cost (credit) reclassified to other noninterest expense			(2)		(2)		(4)		(4)
Net increase (decrease), pre-tax			3		(10)		15		50
Effect of income taxes			(1)		4		(5)		(18)
Net increase (decrease), after-tax			2		(6)		10		32

Other
PNC's portion of BlackRock's OCI			13		(9)		(12)		(34)
Net investment hedge derivatives			80		(65)		109		(11)
Foreign currency translation adjustments and other (a)			(81)		65		(112)		9
Net increase (decrease), pre-tax			12		(9)		(15)		(36)
Effect of income taxes (a)			(34)		27		(35)		16
Net increase (decrease), after-tax			(22)		18		(50)		(20)

Total other comprehensive income, pre-tax			368		(550)		1,019		(201)
Total other comprehensive income, tax effect			(164)		226		(413)		77
Total other comprehensive income, after-tax		$	204	$	(324)	$	606	$	(124)
(a)	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 85: Accumulated Other Comprehensive Income (Loss) Components


In millions, after-tax	Net unrealized gains (losses) on non-OTTI securities		Net unrealized gains (losses) on OTTI securities		Net unrealized gains (losses) on cash flow hedge derivatives		Pension and other postretirement benefit plan adjustments		Other		Total
Balance at March 31, 2015	$	694	$	76	$	501	$	(482)	$	(86)	$	703
Net activity		(231)		2		(107)		(6)		18		(324)
Balance at June 30, 2015	$	463	$	78	$	394	$	(488)	$	(68)	$	379

Balance at March 31, 2016	$	605	$	42	$	557	$	(546)	$	(126)	$	532
Net activity		173		11		40		2		(22)		204
Balance at June 30, 2016	$	778	$	53	$	597	$	(544)	$	(148)	$	736

Balance at December 31, 2014	$	647	$	74	$	350	$	(520)	$	(48)	$	503
Net activity		(184)		4		44		32		(20)		(124)
Balance at June 30, 2015	$	463	$	78	$	394	$	(488)	$	(68)	$	379

Balance at December 31, 2015	$	286	$	66	$	430	$	(554)	$	(98)	$	130
Net activity		492		(13)		167		10		(50)		606
Balance at June 30, 2016	$	778	$	53	$	597	$	(544)	$	(148)	$	736