PNC FINANCIAL SERVICES GROUP INC
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
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Accumulated Other Comprehensive Income (Loss) Components
Table 61: Accumulated Other Comprehensive Income (Loss) Components
| In millions, after-tax | Debt securities | Cash flow hedge derivatives | Pension and other postretirement benefit plan adjustments | Other | Total |
|---|---|---|---|---|---|
| Three months ended | |||||
| Balance at December 31, 2022 | $(7,164) | $(2,705) | $(251) | $(52) | $(10,172) |
| Net activity | 664 | 403 | (8) | 5 | 1,064 |
| Balance at March 31, 2023 (a) | $(6,500) | $(2,302) | $(259) | $(47) | $(9,108) |
| Balance at December 31, 2023 | $(5,830) | $(1,713) | $(125) | $(44) | $(7,712) |
| Net activity | (136) | (190) | (2) | (2) | (330) |
| Balance at March 31, 2024 (a) | $(5,966) | $(1,903) | $(127) | $(46) | $(8,042) |
(a)AOCI included pretax losses of $289 million and $305 million from derivatives that hedged the purchase of investment securities classified as held to maturity at March 31, 2024 and March 31, 2023, respectively.
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