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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Pension Plan Assets - Fair Value Hierarchy
The following table sets forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2023 and 2022.
Table 95: Pension Plan Assets - Fair Value Hierarchy
| December 31, 2023 · December 31, 2022 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| In millions · Level 1 · Level 2 · Level 3 · Total Fair Value · Level 1 · Level 2 · Level 3 · Total Fair Value | ||||||||||||||||||
| Interest-bearing cash | $46 | $46 | $51 | $51 | ||||||||||||||
| Money market funds | 186 | 186 | 333 | 333 | ||||||||||||||
| U.S. government and agency securities | 394 | $145 | 539 | 454 | $136 | 590 | ||||||||||||
| Corporate debt | 749 | $2 | 751 | 699 | $2 | 701 | ||||||||||||
| Common stock | 716 | 716 | 605 | 605 | ||||||||||||||
| Mutual funds | 160 | 160 | 150 | 150 | ||||||||||||||
| Other | 32 | 32 | 1 | 1 | 2 | |||||||||||||
| Investments measured at NAV (a) | 3,185 | 2,968 | ||||||||||||||||
| Total | $1,342 | $1,086 | $2 | $5,615 | $1,444 | $986 | $2 | $5,400 | ||||||||||
(a)Certain investments that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.
The PNC Financial Services Group, Inc. –2023 Form 10-K 161
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