Quarterly report pursuant to Section 13 or 15(d)

OTHER COMPREHENSIVE INCOME (Tables)

v3.21.1
OTHER COMPREHENSIVE INCOME (Tables)
 3 Months Ended
Mar. 31, 2021
Equity [Abstract]  
Components of other comprehensive income
The components of Huntington’s OCI for the three-month periods ended March 31, 2021 and 2020, were as follows:
Three Months Ended
March 31, 2021
Tax (expense)
(dollar amounts in millions) Pretax Benefit After-tax
Unrealized gains (losses) on available-for-sale securities arising during the period $ (287) $ 64  $ (223)
Less: Reclassification adjustment for realized net losses (gains) included in net income 9  (2) 7 
Net change in unrealized holding gains (losses) on available-for-sale securities (278) 62  (216)
Net change in fair value on cash flow hedges (44) 10  (34)
Net change in pension and other post-retirement obligations 3  (1) 2 
Total other comprehensive income (loss) $ (319) $ 71  $ (248)
Three Months Ended
March 31, 2020
Tax (expense)
(dollar amounts in millions) Pretax Benefit After-tax
Unrealized 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 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 
Activity in accumulated other comprehensive income, net of tax
Activity in accumulated OCI for the three-month periods ended March 31, 2021 and 2020, 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 (2)
 Total
Three Months Ended March 31, 2021
Balance, beginning of period $ 188  $ 257  $ (253) $ 192 
Other comprehensive income before reclassifications (223) (34) —  (257)
Amounts reclassified from accumulated OCI to earnings 7  —  2  9 
Period change (216) (34) 2  (248)
Balance, end of period $ (28) $ 223  $ (251) $ (56)
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 
(1)AOCI amounts at March 31, 2021, December 31, 2020 and March 31, 2020 include $60 million, $69 million and $87 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.