Quarterly report pursuant to Section 13 or 15(d)

BENEFIT PLANS (Tables)

v3.10.0.1
BENEFIT PLANS (Tables)
 6 Months Ended
Jun. 30, 2018
Retirement Benefits [Abstract]  
Schedule of Net Benefit Costs
The following table shows the components of net periodic (benefit) cost for all plans:
 
Pension Benefits (1)
 
Post-Retirement Benefits (1)
 
Three Months Ended June 30,
 
Three Months Ended June 30,
(dollar amounts in millions)
2018
 
2017
 
2018
 
2017
Service cost
$
1

 
$
1

 
$
—

 
$
—

Interest cost
7

 
7

 
—

 
—

Expected return on plan assets
(12
)
 
(14
)
 
—

 
—

Amortization of prior service cost
—

 
—

 
—

 
(1
)
Amortization of loss
2

 
2

 
—

 
—

Settlements
2

 
3

 
—

 
—

Net periodic (benefit) cost
$
—

 
$
(1
)
 
$
—

 
$
(1
)

 
Pension Benefits (1)
 
Post-Retirement Benefits (1)
 
Six Months Ended June 30,
 
Six Months Ended June 30,
(dollar amounts in millions)
2018
 
2017
 
2018
 
2017
Service cost
$
2

 
$
1

 
$
—

 
$
—

Interest cost
14

 
15

 
—

 
—

Expected return on plan assets
(24
)
 
(28
)
 
—

 
—

Amortization of prior service cost
—

 
—

 
(1
)
 
(1
)
Amortization of (gain) loss
4

 
4

 
—

 
—

Settlements
4

 
5

 
—

 
—

Net periodic (benefit) cost
$
—

 
$
(3
)
 
$
(1
)
 
$
(1
)
 
 
 
 
 
 
 
 

(1)
The Pension and post-retirement (benefits) costs for 2018 and 2017 are recorded in Other noninterest income and Noninterest expense - personnel costs, respectively on the Condensed Consolidated Statements of Income.

Schedule of Costs of Retirement Plans
Huntington's expense related to the defined contribution plans during the second quarter 2018 and 2017 was $17 million and $11 million, respectively. For the six-month period ended June 30, 2018 and 2017, expense related to the defined contribution plans was $28 million and $22 million, respectively.