PNC FINANCIAL SERVICES GROUP, INC.
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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FY2025 · Filed Feb 20, 2026
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Components of Net Periodic Benefit Cost
The components of net periodic benefit cost and other amounts recognized in OCI were as follows:
Table 102: Components of Net Periodic Benefit Cost (a)
| Qualified Pension Plan | Nonqualified Pension Plan | Postretirement Benefits | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Year ended December 31 – in millions | 2025 | 2024 | 2023 | 2025 | 2024 | 2023 | 2025 | 2024 | 2023 |
| Net periodic cost consists of: | |||||||||
| Service cost | $128 | $128 | $130 | $3 | $3 | $3 | $3 | $3 | $3 |
| Interest cost | 258 | 240 | 249 | 11 | 11 | 11 | 13 | 13 | 14 |
| Expected return on plan assets | (324) | (358) | (324) | — | — | — | (11) | (11) | (10) |
| Amortization of prior service cost | 4 | 4 | 4 | — | — | — | — | — | — |
| Amortization of actuarial loss (gain) | — | — | — | 1 | 1 | 1 | — | (1) | — |
| Net periodic cost | $66 | $14 | $59 | $15 | $15 | $15 | $5 | $4 | $7 |
| Other changes in plan assets and benefit obligations recognized in other comprehensive income: | |||||||||
| Current year prior service (credit) | $5 | $— | $— | $— | $— | $— | $— | $— | $— |
| Amortization of prior service (cost) | (4) | (4) | (4) | — | — | — | — | — | — |
| Current year actuarial loss (gain) | (326) | (13) | (173) | 5 | — | 3 | 11 | (4) | 1 |
| Amortization of actuarial gain (loss) | — | — | — | (1) | (1) | (1) | — | 1 | — |
| Total recognized in other comprehensive income | $(325) | $(17) | $(177) | $4 | $(1) | $2 | $11 | $(3) | $1 |
| Total amounts recognized in net periodic cost and other comprehensive income | $(259) | $(3) | $(118) | $19 | $14 | $17 | $16 | $1 | $8 |
(a) The service cost component is included in Personnel expense on the Consolidated Income Statement. All other components are included in Other noninterest expense on the Consolidated Income Statement.
The PNC Financial Services Group, Inc. –2025 Form 10-K 157
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