Annual report pursuant to Section 13 and 15(d)

ACCOUNTING STANDARDS UPDATE

v3.22.0.1
ACCOUNTING STANDARDS UPDATE
 12 Months Ended
Dec. 31, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]  
ACCOUNTING STANDARDS UPDATE ACCOUNTING STANDARDS UPDATE
Accounting standards yet to be adopted
Standard Summary of guidance Effects on financial statements
ASU 2021-08-Business Combinations (Topic 805) Issued October 2021
•The amendments in this update require that an acquirer apply topic 606 to the recognition and measurement of revenue contract assets and liabilities acquired in a business combination.
•Effective for fiscal years ending after December 15, 2022, including interim periods within those fiscal years.
•Adoption of the ASU will be applied prospectively to all business combinations occurring after the adoption date, with early adoption permitted. An entity that elects to early adopt in an interim period should retroactively adjust for any business combinations that occurred during the annual period of adoption, this includes the interim period.
•The update is not expected to have a material impact on Huntington’s Consolidated financial statements.