PNC FINANCIAL SERVICES GROUP INC
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
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Depreciation and Amortization Expense
Depreciation expense on premises, equipment and leasehold improvements, as well as amortization expense, excluding intangible assets, primarily for capitalized internally developed software are shown in the following table:
Table 75: Depreciation and Amortization Expense (a)
| In millions | 2024 | 2023 | 2022 |
|---|---|---|---|
| Depreciation | $912 | $900 | $899 |
| Amortization | 139 | 138 | 130 |
| Total depreciation and amortization | $1,051 | $1,038 | $1,029 |
(a)Included in Occupancy and Equipment expense on the Consolidated Income Statement.
NOTE 8 TIME DEPOSITS
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