Annual report pursuant to Section 13 and 15(d)

OTHER COMPREHENSIVE INCOME (Tables)

v3.8.0.1
OTHER COMPREHENSIVE INCOME (Tables)
 12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Components of Accumulated Other Comprehensive Income
The components of Huntington’s OCI in the three years ended December 31, 2017, 2016, and 2015, were as follows:
 
2017
 
Tax (expense)
(dollar amounts in millions)
Pretax
 
Benefit
 
After-tax
Noncredit-related impairment recoveries (losses) on debt securities not expected to be sold
$
4

 
$
(2
)
 
$
2

Unrealized holding gains (losses) on available-for-sale debt securities arising during the period
(87
)
 
31

 
(56
)
Less: Reclassification adjustment for net losses (gains) included in net income
26

 
(9
)
 
17

Net change in unrealized holding gains (losses) on available-for-sale debt securities
(57
)
 
20

 
(37
)
Net change in unrealized holding gains (losses) on available-for-sale equity securities
1

 
(1
)
 
—

Unrealized gains (losses) on derivatives used in cash flow hedging relationships arising during the period
3

 
(1
)
 
2

Less: Reclassification adjustment for net (gains) losses included in net income
1

 
—

 
1

Net change in unrealized gains (losses) on derivatives used in cash flow hedging relationships
4

 
(1
)
 
3

Net change in pension and other post-retirement obligations
—

 
—

 
—

Total other comprehensive income (loss)
$
(52
)
 
$
18

 
$
(34
)
 
2016
 
 
 
Tax (expense)
 
 
(dollar amounts in millions)
Pretax
 
Benefit
 
After-tax
Noncredit-related impairment recoveries (losses) on debt securities not expected to be sold
$
1

 
$
—

 
$
1

Unrealized holding gains (losses) on available-for-sale debt securities arising during the period
(203
)
 
70

 
(133
)
Less: Reclassification adjustment for net losses (gains) included in net income
(107
)
 
38

 
(69
)
Net change in unrealized holding gains (losses) on available-for-sale debt securities
(309
)
 
108

 
(201
)
Net change in unrealized holding gains (losses) on available-for-sale equity securities
—

 
—

 
—

Unrealized gains (losses) on derivatives used in cash flow hedging relationships arising during the period
2

 
(1
)
 
1

Less: Reclassification adjustment for net (gains) losses included in net income
—

 
—

 
—

Net change in unrealized gains (losses) on derivatives used in cash flow hedging relationships
2

 
(1
)
 
1

Net change in pension and other post-retirement obligations
38

 
(13
)
 
25

Total other comprehensive income (loss)
$
(269
)
 
$
94

 
$
(175
)
 
2015
 
 
 
Tax (expense)
 
 
(dollar amounts in millions)
Pretax
 
Benefit
 
After-tax
Noncredit-related impairment recoveries (losses) on debt securities not expected to be sold
$
20

 
$
(7
)
 
$
13

Unrealized holding gains (losses) on available-for-sale debt securities arising during the period
(26
)
 
9

 
(17
)
Less: Reclassification adjustment for net gains (losses) included in net income
(4
)
 
1

 
(3
)
Net change in unrealized holding gains (losses) on available-for-sale debt securities
(10
)
 
3

 
(7
)
Net change in unrealized holding gains (losses) on available-for-sale equity securities
—

 
—

 
—

Unrealized gains and losses on derivatives used in cash flow hedging relationships arising during the period
13

 
(4
)
 
9

Less: Reclassification adjustment for net losses (gains) losses included in net income
(1
)
 
—

 
(1
)
Net change in unrealized gains (losses) on derivatives used in cash flow hedging relationships
12

 
(4
)
 
8

Defined benefit pension items
(8
)
 
3

 
(5
)
Net change in pension and post-retirement obligations
(8
)
 
3

 
(5
)
Total other comprehensive income (loss)
$
(6
)
 
$
2

 
$
(4
)
Activity in Accumulated Other Comprehensive Income
Activity in accumulated OCI for the two years ended December 31, were as follows:
(dollar amounts in millions)
Unrealized
gains (losses) on
debt
securities (1)
 
Unrealized
gains (losses) on
equity
securities
 
Unrealized
gains (losses) on
cash flow hedging
derivatives
 
Unrealized
gains (losses) for
pension and other
 post-retirement
obligations
 
Total
December 31, 2015
$
8

 
$
—

 
$
(4
)
 
$
(230
)
 
$
(226
)
Other comprehensive income before reclassifications
(132
)
 
—

 
1

 
—

 
(131
)
Amounts reclassified from accumulated OCI to earnings
(69
)
 
—

 
—

 
25

 
(44
)
Period change
(201
)
 
—

 
1

 
25

 
(175
)
December 31, 2016
(193
)
 
—

 
(3
)
 
(205
)
 
(401
)
Other comprehensive income before reclassifications
(54
)
 
—

 
2

 
(10
)
 
(62
)
Amounts reclassified from accumulated OCI to earnings
17

 
—

 
1

 
10

 
28

Period change
(37
)
 
—

 
3

 
—

 
(34
)
TCJA, Reclassification from accumulated OCI to retained earnings
(48
)
 
—

 
—

 
(45
)
 
(93
)
December 31, 2017
$
(278
)
 
$
—

 
$
—

 
$
(250
)
 
$
(528
)
(1)
Amount at December 31, 2017 includes $95 million of net unrealized losses on securities transferred from the available-for-sale securities portfolio to the held-to-maturity securities portfolio. The net unrealized losses will be recognized in earnings over the remaining life of the security using the effective interest method.
Reclassification Out Of Accumulated OCI
The following table presents the reclassification adjustments out of accumulated OCI included in net income and the impacted line items as listed on the Consolidated Statements of Income for the years ended December 31, 2017 and 2016:
 
Reclassifications out of accumulated OCI
Accumulated OCI components
Amounts reclassified
from accumulated OCI
 
Location of net gain (loss)
reclassified from accumulated OCI into earnings
(dollar amounts in millions)
2017
 
2016
 
 
Gains (losses) on debt securities:
 
 
 
 
 
Amortization of unrealized gains (losses)
$
(8
)
 
$
91

 
Interest income—held-to-maturity securities—taxable
Realized gain (loss) on sale of securities
(14
)
 
18

 
Noninterest income—net gains (losses) on sale of securities
OTTI recorded
(4
)
 
(2
)
 
Noninterest income—net gains (losses) on sale of securities
Total before tax
(26
)
 
107

 
 
Tax (expense) benefit
9

 
(38
)
 
 
Net of tax
$
(17
)
 
$
69

 
 
Gains (losses) on cash flow hedging relationships:
 
 
 
 
 
Interest rate contracts
$
(1
)
 
$
—

 
Interest and fee income—loans and leases
Interest rate contracts
—

 
—

 
Noninterest expense—other income
Total before tax
(1
)
 
—

 
 
Tax (expense) benefit
—

 
—

 
 
Net of tax
$
(1
)
 
$
—

 
 
Amortization of defined benefit pension and post-retirement items:
 
 
 
 
 
Actuarial gains (losses)
$
(18
)
 
$
(40
)
 
Noninterest expense—personnel costs
Net periodic benefit costs
2

 
2

 
Noninterest expense—personnel costs
Total before tax
(16
)
 
(38
)
 
 
Tax (expense) benefit
6

 
13

 
 
Net of tax
$
(10
)
 
$
(25
)