Quarterly report pursuant to Section 13 or 15(d)

OTHER COMPREHENSIVE INCOME (Tables)

v3.20.1
OTHER COMPREHENSIVE INCOME (Tables)
 3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Components of other comprehensive income
The components of Huntington’s OCI for the three-month periods ended March 31, 2020 and 2019, were as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
March 31, 2020
 
Tax (expense)
(dollar amounts in millions)
Pretax
 
Benefit
 
After-tax
Unrealized holding gains (losses) on available-for-sale securities arising during the period
$
217

 
$
(48
)
 
$
169

Less: Reclassification adjustment for realized net losses (gains) included in net income
5

 
(1
)
 
4

Net change in unrealized holding gains (losses) on available-for-sale securities
222

 
(49
)
 
173

Net change in fair value on cash flow hedges
396

 
(88
)
 
308

Net change in pension and other post-retirement obligations
2

 
—

 
2

Total other comprehensive income (loss)
$
620

 
$
(137
)
 
$
483

 
Three Months Ended
March 31, 2019
 
Tax (expense)
(dollar amounts in millions)
Pretax
 
Benefit
 
After-tax
Unrealized holding 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


Activity in accumulated other comprehensive income, net of tax
Activity in accumulated OCI for the three-month periods ended March 31, 2020 and 2019, 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, 2020
 
 
 
 
 
 
 
Balance, beginning of period
$
(28
)
 
$
23

 
$
(251
)
 
$
(256
)
Other comprehensive income before reclassifications
169

 
308

 
—

 
477

Amounts reclassified from accumulated OCI to earnings
4

 
—

 
2

 
6

Period change
173

 
308

 
2

 
483

Balance, end of period
$
145

 
$
331

 
$
(249
)
 
$
227

 
 
 
 
 
 
 
 
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
)
(1)
AOCI amounts at March 31, 2020, December 31, 2019 and March 31, 2019 include $87 million, $121 million and $134 million,
Reclassification Out Of Accumulated OCI 1)
AOCI amounts at March 31, 2020, December 31, 2019 and March 31, 2019 include $87 million, $121 million and $134 million, respectively, net of 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.