Huntington Bancshares Incorporated Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

FAIR VALUES OF ASSETS AND LIABILITIES - Recurring basis (Details)

FAIR VALUES OF ASSETS AND LIABILITIES - Recurring basis (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Assets measured at fair value on a recurring basis
Available-for-sale securities	$ 25,305	$ 23,423
Loans held for sale	506	520
Loans held for investment	174	185
Derivative assets gross	1,723	2,164
Derivative assets netting	(1,330)	(1,808)
Derivative assets	393	356
Total short-term borrowings	620	2,027
Liabilities measured at fair value on a recurring basis
Gross amounts of recognized liabilities	1,421	2,337
Derivative liabilities netting	(751)	(1,345)
Derivative liabilities	670	992
U.S. Treasury securities
Assets measured at fair value on a recurring basis
Available-for-sale securities	2,856	103
Residential MBS
Assets measured at fair value on a recurring basis
Available-for-sale securities	11,382	12,263
Commercial MBS
Assets measured at fair value on a recurring basis
Available-for-sale securities	1,827	1,953
Other agencies
Assets measured at fair value on a recurring basis
Available-for-sale securities	155	182
Municipal securities
Assets measured at fair value on a recurring basis
Available-for-sale securities	3,373	3,290
Private-label CMO
Assets measured at fair value on a recurring basis
Available-for-sale securities	119	128
Asset-backed securities
Assets measured at fair value on a recurring basis
Available-for-sale securities	356	372
Corporate debt
Assets measured at fair value on a recurring basis
Available-for-sale securities	2,043	2,214
Recurring
Assets measured at fair value on a recurring basis
Trading account securities	125
Available-for-sale securities	25,305	23,423
Other securities	32	32
Loans held for sale	506	520
Loans held for investment	174	185
MSRs	515	494
Derivative assets netting	(1,330)	(1,808)
Derivative assets	393	356
Assets held in trust for deferred compensation plans	177	155
Liabilities measured at fair value on a recurring basis
Derivative liabilities netting	(751)	(1,345)
Derivative liabilities	670	992
Recurring \| U.S. Treasury securities
Assets measured at fair value on a recurring basis
Trading account securities	91
Available-for-sale securities	2,856	103
Recurring \| Residential CMO
Assets measured at fair value on a recurring basis
Available-for-sale securities	3,184	2,914
Recurring \| Residential MBS
Assets measured at fair value on a recurring basis
Available-for-sale securities	11,382	12,263
Recurring \| Commercial MBS
Assets measured at fair value on a recurring basis
Available-for-sale securities	1,827	1,953
Recurring \| Other agencies
Assets measured at fair value on a recurring basis
Trading account securities	2
Available-for-sale securities	155	182
Recurring \| Municipal securities
Assets measured at fair value on a recurring basis
Trading account securities	32	19
Available-for-sale securities	3,373	3,290
Recurring \| Private-label CMO
Assets measured at fair value on a recurring basis
Available-for-sale securities	119	128
Recurring \| Asset-backed securities
Assets measured at fair value on a recurring basis
Available-for-sale securities	356	372
Recurring \| Corporate debt
Assets measured at fair value on a recurring basis
Available-for-sale securities	2,043	2,214
Recurring \| Other securities/Sovereign debt
Assets measured at fair value on a recurring basis
Available-for-sale securities	10	4
Recurring \| Level 1
Assets measured at fair value on a recurring basis
Trading account securities	91
Available-for-sale securities	2,856	103
Other securities	30	31
Loans held for sale	0	0
Loans held for investment	0	0
MSRs	0	0
Derivative assets gross	0	0
Assets held in trust for deferred compensation plans	177	155
Liabilities measured at fair value on a recurring basis
Gross amounts of recognized liabilities	0	0
Recurring \| Level 1 \| U.S. Treasury securities
Assets measured at fair value on a recurring basis
Trading account securities	91
Available-for-sale securities	2,856	103
Recurring \| Level 1 \| Residential CMO
Assets measured at fair value on a recurring basis
Available-for-sale securities	0	0
Recurring \| Level 1 \| Residential MBS
Assets measured at fair value on a recurring basis
Available-for-sale securities	0	0
Recurring \| Level 1 \| Commercial MBS
Assets measured at fair value on a recurring basis
Available-for-sale securities	0	0
Recurring \| Level 1 \| Other agencies
Assets measured at fair value on a recurring basis
Trading account securities	0
Available-for-sale securities	0	0
Recurring \| Level 1 \| Municipal securities
Assets measured at fair value on a recurring basis
Trading account securities	0	0
Available-for-sale securities	0	0
Recurring \| Level 1 \| Private-label CMO
Assets measured at fair value on a recurring basis
Available-for-sale securities	0	0
Recurring \| Level 1 \| Asset-backed securities
Assets measured at fair value on a recurring basis
Available-for-sale securities	0	0
Recurring \| Level 1 \| Corporate debt
Assets measured at fair value on a recurring basis
Available-for-sale securities	0	0
Recurring \| Level 1 \| Other securities/Sovereign debt
Assets measured at fair value on a recurring basis
Available-for-sale securities	0	0
Recurring \| Level 2
Assets measured at fair value on a recurring basis
Trading account securities	34
Available-for-sale securities	19,019	19,978
Other securities	2	1
Loans held for sale	506	520
Loans held for investment	120	169
MSRs	0	0
Derivative assets gross	1,720	2,161
Assets held in trust for deferred compensation plans	0	0
Liabilities measured at fair value on a recurring basis
Gross amounts of recognized liabilities	1,416	2,332
Recurring \| Level 2 \| U.S. Treasury securities
Assets measured at fair value on a recurring basis
Trading account securities	0
Available-for-sale securities	0	0
Recurring \| Level 2 \| Residential CMO
Assets measured at fair value on a recurring basis
Available-for-sale securities	3,184	2,914
Recurring \| Level 2 \| Residential MBS
Assets measured at fair value on a recurring basis
Available-for-sale securities	11,382	12,263
Recurring \| Level 2 \| Commercial MBS
Assets measured at fair value on a recurring basis
Available-for-sale securities	1,827	1,953
Recurring \| Level 2 \| Other agencies
Assets measured at fair value on a recurring basis
Trading account securities	2
Available-for-sale securities	155	182
Recurring \| Level 2 \| Municipal securities
Assets measured at fair value on a recurring basis
Trading account securities	32	19
Available-for-sale securities	38	42
Recurring \| Level 2 \| Private-label CMO
Assets measured at fair value on a recurring basis
Available-for-sale securities	99	108
Recurring \| Level 2 \| Asset-backed securities
Assets measured at fair value on a recurring basis
Available-for-sale securities	281	298
Recurring \| Level 2 \| Corporate debt
Assets measured at fair value on a recurring basis
Available-for-sale securities	2,043	2,214
Recurring \| Level 2 \| Other securities/Sovereign debt
Assets measured at fair value on a recurring basis
Available-for-sale securities	10	4
Recurring \| Level 3
Assets measured at fair value on a recurring basis
Trading account securities	0
Available-for-sale securities	3,430	3,342
Other securities	0	0
Loans held for sale	0	0
Loans held for investment	54	16
MSRs	515	494
Derivative assets gross	3	3
Assets held in trust for deferred compensation plans	0	0
Liabilities measured at fair value on a recurring basis
Gross amounts of recognized liabilities	5	5
Recurring \| Level 3 \| U.S. Treasury securities
Assets measured at fair value on a recurring basis
Trading account securities	0
Available-for-sale securities	0	0
Recurring \| Level 3 \| Residential CMO
Assets measured at fair value on a recurring basis
Available-for-sale securities	0	0
Recurring \| Level 3 \| Residential MBS
Assets measured at fair value on a recurring basis
Available-for-sale securities	0	0
Recurring \| Level 3 \| Commercial MBS
Assets measured at fair value on a recurring basis
Available-for-sale securities	0	0
Recurring \| Level 3 \| Other agencies
Assets measured at fair value on a recurring basis
Trading account securities	0
Available-for-sale securities	0	0
Recurring \| Level 3 \| Municipal securities
Assets measured at fair value on a recurring basis
Trading account securities	0	0
Available-for-sale securities	3,335	3,248
Recurring \| Level 3 \| Private-label CMO
Assets measured at fair value on a recurring basis
Available-for-sale securities	20	20
Recurring \| Level 3 \| Asset-backed securities
Assets measured at fair value on a recurring basis
Available-for-sale securities	75	74
Recurring \| Level 3 \| Corporate debt
Assets measured at fair value on a recurring basis
Available-for-sale securities	0	0
Recurring \| Level 3 \| Other securities/Sovereign debt
Assets measured at fair value on a recurring basis
Available-for-sale securities	$ 0	$ 0