PNC FINANCIAL SERVICES GROUP INC
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
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Other Comprehensive Income (Loss)
Table 75: Other Comprehensive Income (Loss)
| Year ended December 31 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | 2021 | |||||||
| In millions | Pre-tax | Tax effect | After-tax | Pre-tax | Tax effect | After-tax | Pre-tax | Tax effect | After-tax |
| Debt securities | |||||||||
| Net unrealized gains (losses) on securities | $840 | $(202) | $638 | $(10,866) | $2,561 | $(8,305) | $(2,445) | $576 | $(1,869) |
| Less: Net realized gains (losses) reclassified to earnings (a) | (913) | 217 | (696) | (723) | 171 | (552) | 6 | (2) | 4 |
| Net change | 1,753 | (419) | 1,334 | (10,143) | 2,390 | (7,753) | (2,451) | 578 | (1,873) |
| Cash flow hedge derivatives | |||||||||
| Net unrealized gains (losses) on cash flow hedge derivatives | (237) | 65 | (172) | (3,536) | 833 | (2,703) | (632) | 149 | (483) |
| Less: Net realized gains (losses) reclassified to earnings (a) | (1,540) | 376 | (1,164) | (260) | 61 | (199) | 494 | (117) | 377 |
| Net change | 1,303 | (311) | 992 | (3,276) | 772 | (2,504) | (1,126) | 266 | (860) |
| Pension and other postretirement benefit plan adjustments | |||||||||
| Net pension and other postretirement benefit plan activity and other reclassified to earnings (b) | 166 | (40) | 126 | (363) | 85 | (278) | 486 | (114) | 372 |
| Net change | 166 | (40) | 126 | (363) | 85 | (278) | 486 | (114) | 372 |
| Other | |||||||||
| Net unrealized gains (losses) on other transactions | 5 | 3 | 8 | (5) | (41) | (46) | 4 | (4) | |
| Net change | 5 | 3 | 8 | (5) | (41) | (46) | 4 | (4) | |
| Total other comprehensive income (loss) | $3,227 | $(767) | $2,460 | $(13,787) | $3,206 | $(10,581) | $(3,087) | $726 | $(2,361) |
(a)Reclassifications for pre-tax debt securities and cash flow hedges are recorded in Interest income and Noninterest income on the Consolidated Income Statement.
(b)Reclassifications include amortization of actuarial losses (gains) and amortization of prior period services costs (credits) which are recorded in Noninterest expense on the Consolidated Income Statement.
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