Quarterly report [Sections 13 or 15(d)]

OTHER COMPREHENSIVE INCOME (Tables)

v3.25.2
OTHER COMPREHENSIVE INCOME (Tables)
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Components of Other Comprehensive Income
The following table summarizes the components of Huntington’s OCI.
(dollar amounts in millions) Pretax Tax (expense) benefit After-tax
Three months ended June 30, 2025
Unrealized gains on available-for-sale securities arising during the period, net of hedges $ 65  $ (17) $ 48 
Reclassification adjustment for realized net losses included in net income 65  (16) 49 
Total unrealized gains on available-for-sale securities, net of hedges 130  (33) 97 
Unrealized gains on cash flow hedges during the period 99  (24) 75 
Reclassification adjustment for cash flow hedges included in net income 11  (3) 8 
Net change related to cash flow hedges on loans 110  (27) 83 
Translation adjustments, net of hedges (1) 8  (2) 6 
Change in accumulated unrealized gains for pension and other post-retirement obligations 1  —  1 
Other comprehensive income $ 249  $ (62) $ 187 
Three months ended June 30, 2024
Unrealized losses on available-for-sale securities during the period, net of hedges $ (93) $ 21  $ (72)
Reclassification adjustment for realized net losses included in net income 2  —  2 
Total unrealized losses on available-for-sale securities, net of hedges (91) 21  (70)
Unrealized losses on cash flow hedges during the period (20) 5  (15)
Reclassification adjustment for cash flow hedges included in net income 68  (16) 52 
Net change related to cash flow hedges on loans 48  (11) 37 
Change in accumulated unrealized gains for pension and other post-retirement obligations 1  —  1 
Other comprehensive loss $ (42) $ 10  $ (32)
Six months ended June 30, 2025
Unrealized gains on available-for-sale securities arising during the period, net of hedges $ 394  $ (93) $ 301 
Reclassification adjustment for realized net losses included in net income 67  (16) 51 
Total unrealized gains on available-for-sale securities, net of hedges 461  (109) 352 
Unrealized gains on cash flow hedges during the period 301  (71) 230 
Reclassification adjustment for cash flow hedges included in net income 39  (9) 30 
Net change related to cash flow hedges on loans 340  (80) 260 
Translation adjustments, net of hedges (1) 9  (2) 7 
Change in accumulated unrealized gains for pension and other post-retirement obligations 1  —  1 
Other comprehensive income $ 811  $ (191) $ 620 
Six months ended June 30, 2024
Unrealized losses on available-for-sale securities arising during the period, net of hedges $ (263) $ 61  $ (202)
Reclassification adjustment for realized net losses included in net income 5  (1) 4 
Total unrealized losses on available-for-sale securities, net of hedges (258) 60  (198)
Unrealized losses on cash flow hedges during the period (181) 42  (139)
Reclassification adjustment for cash flow hedges included in net income 135  (32) 103 
Net change related to cash flow hedges on loans (46) 10  (36)
Translation adjustments, net of hedges (1) (2) —  (2)
Change in accumulated unrealized gains for pension and other post-retirement obligations 1  —  1 
Other comprehensive loss $ (305) $ 70  $ (235)
(1)A portion of foreign investments are deemed to be permanent in nature and, therefore, Huntington does not provide for taxes on this portion of foreign currency translation adjustments.
Activity in Accumulated Other Comprehensive Income, Net of Tax
The following table summarizes the activity in AOCI.
(dollar amounts in millions)
Unrealized gains (losses) on available-for-sale securities, net of hedges (1)
 Net change related to cash flow hedges on loans Translation adjustments, net of hedges
Unrealized losses for pension and other post-retirement obligations
 Total
Three months ended June 30, 2025
Balance, beginning of period $ (2,110) $ (90) $ (11) $ (222) $ (2,433)
Other comprehensive income before reclassifications 48  75  6  1  130 
Amounts reclassified from AOCI to earnings 49  8  —  —  57 
Period change 97  83  6  1  187 
Balance, end of period $ (2,013) $ (7) $ (5) $ (221) $ (2,246)
Three months ended June 30, 2024
Balance, beginning of period $ (2,222) $ (436) $ (8) $ (213) $ (2,879)
Other comprehensive loss before reclassifications (72) (15) —  —  (87)
Amounts reclassified from AOCI to earnings 2  52  —  1  55 
Period change (70) 37  —  1  (32)
Balance, end of period $ (2,292) $ (399) $ (8) $ (212) $ (2,911)
Six months ended June 30, 2025
Balance, beginning of period $ (2,365) $ (267) $ (12) $ (222) $ (2,866)
Other comprehensive income before reclassifications 301  230  7  1  539 
Amounts reclassified from AOCI to earnings 51  30  —  —  81 
Period change 352  260  7  1  620 
Balance, end of period $ (2,013) $ (7) $ (5) $ (221) $ (2,246)
Six months ended June 30, 2024
Balance, beginning of period $ (2,094) $ (363) $ (6) $ (213) $ (2,676)
Other comprehensive loss before reclassifications (202) (139) (2) —  (343)
Amounts reclassified from AOCI to earnings 4  103  —  1  108 
Period change (198) (36) (2) 1  (235)
Balance, end of period $ (2,292) $ (399) $ (8) $ (212) $ (2,911)
(1)AOCI amounts at June 30, 2025 and June 30, 2024 include $47 million and $54 million, respectively, of net unrealized losses (after-tax) on securities transferred from the AFS securities portfolio to the HTM securities portfolio. The net unrealized losses will be recognized in earnings over the remaining life of the security using the effective interest method.