PNC FINANCIAL SERVICES GROUP INC
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 21, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Change in Unrecognized Tax Benefits
Table 105: Change in Unrecognized Tax Benefits
| In millions · 2023 · 2022 · 2021 | |||||
|---|---|---|---|---|---|
| Balance of gross unrecognized tax benefits at January 1 | $318 | $275 | $265 | ||
| Increases: | |||||
| Positions taken during a current period | 20 | ||||
| Acquired unrecognized tax benefits | 8 | ||||
| Positions taken during a prior period | 35 | 46 | 7 | ||
| Decreases: | |||||
| Positions taken during a prior period | (2) | ||||
| Settlements with taxing authorities | (4) | (3) | (3) | ||
| Reductions resulting from lapse of statute of limitations | (1) | ||||
| Balance of gross unrecognized tax benefits at December 31 | $368 | $318 | $275 | ||
| Favorable impact if recognized | $306 | $258 | $217 | ||
We do not expect that the balance of unrecognized tax benefits will significantly increase or decrease in the next twelve months.
We are subject to U.S. federal income tax as well as income tax in most states and some foreign jurisdictions. Table 106 summarizes the status of significant IRS examinations.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.