Annual report pursuant to Section 13 and 15(d)

OTHER COMPREHENSIVE INCOME (Tables)

v3.20.4
OTHER COMPREHENSIVE INCOME (Tables)
 12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Components of Accumulated Other Comprehensive Income
The components of Huntington’s OCI for the years ended December 31, 2020, 2019, and 2018, were as follows:
2020
Tax (expense)
(dollar amounts in millions) Pretax Benefit After-tax
Unrealized gains (losses) on available-for-sale securities arising during the period $ 235  $ (52) $ 183 
Less: Reclassification adjustment for realized net losses (gains) included in net income 42  (9) 33 
Net change in unrealized holding gains (losses) on available-for-sale securities 277  (61) 216 
Net change in fair value on cash flow hedges 302  (68) 234 
Net change in pension and other post-retirement obligations (3) 1  (2)
Total other comprehensive income (loss) $ 576  $ (128) $ 448 
  2019
    Tax (expense)  
(dollar amounts in millions) Pretax Benefit After-tax
Unrealized gains (losses) on available-for-sale securities arising during the period $ 403  $ (89) $ 314 
Less: Reclassification adjustment for realized net losses (gains) included in net income 26  (5) 21 
Net change in unrealized holding gains (losses) on available-for-sale securities 429  (94) 335 
Net change in fair value on cash flow hedges 26  (3) 23 
Net change in pension and other post-retirement obligations (7) 2  (5)
Total other comprehensive income (loss) $ 448  $ (95) $ 353 
  2018
    Tax (expense)  
(dollar amounts in millions) Pretax Benefit After-tax
Unrealized gains (losses) on available-for-sale securities arising during the period $ (151) $ 35  $ (116)
Less: Reclassification adjustment for net gains (losses) included in net income 41  (9) 32 
Net change in unrealized holding gains (losses) on available-for-sale debt securities (110) 26  (84)
Net change in pension and post-retirement obligations 4  —  4 
Total other comprehensive income (loss) $ (106) $ 26  $ (80)
Activity in Accumulated Other Comprehensive Income
Activity in accumulated OCI for the years ended December 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
December 31, 2018 $ (363) $ —  $ (246) $ (609)
Other comprehensive income before reclassifications 314  23  —  337 
Amounts reclassified from accumulated OCI to earnings 21  —  (5) 16 
Period change 335  23  (5) 353 
December 31, 2019 (28) 23  (251) (256)
Other comprehensive income before reclassifications 183  234  —  417 
Amounts reclassified from accumulated OCI to earnings 33  —  (2) 31 
Period change 216  234  (2) 448 
December 31, 2020 $ 188  $ 257  $ (253) $ 192 
(1)AOCI amounts at December 31, 2020, 2019, and 2018 include $69 million, $121 million, and $137 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.