OTHER COMPREHENSIVE INCOME (Tables)
|12 Months Ended|
Dec. 31, 2022
|Components of Accumulated Other Comprehensive Income||
The components of Huntington’s OCI were as follows:
(1)Foreign investments are deemed to be permanent in nature and, therefore, Huntington does not provide for taxes on foreign currency translation adjustments.
(2)Includes a settlement gain recognized in other noninterest income on the Consolidated Statements of Income.
|Activity in Accumulated Other Comprehensive Income||
Activity in accumulated OCI were as follows:
(1)AOCI amounts at December 31, 2022, 2021, and 2020 include $66 million, $27 million, and $53 million, respectively, of net unrealized losses (after-tax) 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.
Tabular disclosure of the components of accumulated other comprehensive income (loss).
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef