Quarterly report pursuant to Section 13 or 15(d)

OTHER COMPREHENSIVE INCOME (Tables)

v3.19.1
OTHER COMPREHENSIVE INCOME (Tables)
 3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Components of other comprehensive income
The components of Huntington's OCI for the three-month periods ended March 31, 2019 and 2018, were as follows:
 
Three Months Ended
March 31, 2019
 
 
 
Tax (expense)
 
 
(dollar amounts in millions)
Pretax
 
Benefit
 
After-tax
Unrealized gains (losses) on available-for-sale securities arising during the period
$
184

 
$
(41
)
 
$
143

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

 
(1
)
 
3

Net change in unrealized holding gains (losses) on available-for-sale securities
188

 
(42
)
 
146

Net change in fair value on cash flow hedges
8

 
(1
)
 
7

Net change in pension and other post-retirement obligations
1

 
—

 
1

Total other comprehensive income (loss)
$
197

 
$
(43
)
 
$
154

 
Three Months Ended
March 31, 2018
 
Tax (expense)
(dollar amounts in millions)
Pretax
 
Benefit
 
After-tax
Unrealized gains (losses) on available-for-sale securities arising during the period
$
(206
)
 
$
45

 
$
(161
)
Less: Reclassification adjustment for realized net losses (gains) included in net income
15

 
(3
)
 
12

Net change in unrealized gains (losses) on available-for-sale securities
(191
)
 
42

 
(149
)
Net change in pension and other post-retirement obligations
1

 
—

 
1

Total other comprehensive income (loss)
$
(190
)
 
$
42

 
$
(148
)
Activity in accumulated other comprehensive income, net of tax
ctivity in accumulated OCI for the three-month periods ended March 31, 2019 and 2018, were as follows:
(dollar amounts in millions)
Unrealized gains (losses) on
debt securities (1)
 
Change in fair value related to cash flow hedges
 
Unrealized gains
(losses) for
pension and
other post-
retirement
obligations
 
Total
Three Months Ended March 31, 2019
 
 
 
 
 
 
 
Balance, beginning of period
$
(363
)
 
$
—

 
$
(246
)
 
$
(609
)
Other comprehensive income before reclassifications
143

 
7

 
—

 
150

Amounts reclassified from accumulated OCI to earnings
3

 
—

 
1

 
4

Period change
146

 
7

 
1

 
154

Balance, end of period
$
(217
)
 
$
7

 
$
(245
)
 
$
(455
)
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2018
 
 
 
 
 
 
 
Balance, beginning of period
$
(278
)
 
$
—

 
$
(250
)
 
$
(528
)
Cumulative-effect adjustments (ASU 2016-01)
(1
)
 
 
 
 
 
(1
)
Other comprehensive income before reclassifications
(161
)
 
—

 
—

 
(161
)
Amounts reclassified from accumulated OCI to earnings
12

 
—

 
1

 
13

Period change
(149
)
 
—

 
1

 
(148
)
Balance, end of period
$
(428
)
 
$
—

 
$
(249
)
 
$
(677
)

(1)
AOCI amounts at March 31, 2019, December 31, 2018 and March 31, 2018 include $134 million, $137 million and $147 million, respectively, 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 Unaudited Condensed Consolidated Statements of Income for the three-month periods ended March 31, 2019 and 2018:
 
Reclassifications out of accumulated OCI
Accumulated OCI components
Amounts reclassified from accumulated OCI
 
Location of net gain (loss) reclassified from
accumulated OCI into earnings
 
Three Months Ended
 
 
(dollar amounts in millions)
March 31, 2019
 
March 31, 2018
 
 
Gains (losses) on debt securities:
 
 
 
 
 
Amortization of unrealized gains (losses)
$
(4
)
 
$
(3
)
 
Interest income - held-to-maturity securities - taxable
Realized gain (loss) on sale of securities
—

 
(12
)
 
Noninterest income - net gains (losses) on sale of securities
Total before tax
(4
)
 
(15
)
 
 
Tax (expense) benefit
1

 
3

 
 
Net of tax
$
(3
)
 
$
(12
)
 
 
Amortization of defined benefit pension and post-retirement items:
 
 
Actuarial gains (losses)
$
(2
)
 
$
2

 
Noninterest income
Net periodic benefit costs
1

 
(1
)
 
Noninterest income
Total before tax
(1
)
 
1

 
 
Tax (expense) benefit
—

 
—

 
 
Net of tax
$
(1
)
 
$
1