Quarterly report pursuant to Section 13 or 15(d)

OTHER COMPREHENSIVE INCOME (Tables)

v3.10.0.1
OTHER COMPREHENSIVE INCOME (Tables)
 9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Components of other comprehensive income
The components of Huntington's OCI for the three-month and nine-month periods ended September 30, 2018 and 2017, were as follows:
 
Three Months Ended
September 30, 2018
 
 
 
Tax (Expense)
 
 
(dollar amounts in millions)
Pretax
 
Benefit
 
After-tax
Noncredit-related impairment recoveries (losses) on debt securities not expected to be sold
$
—

 
$
—

 
$
—

Unrealized holding gains (losses) on available-for-sale debt securities arising during the period
(82
)
 
18

 
(64
)
Less: Reclassification adjustment for net losses (gains) included in net income
3

 
(1
)
 
2

Net change in unrealized holding gains (losses) on available-for-sale debt securities
(79
)
 
17

 
(62
)
Net change in pension and other post-retirement obligations
2

 
(1
)
 
1

Total other comprehensive income (loss)
$
(77
)
 
$
16

 
$
(61
)
 
Three Months Ended
September 30, 2017
 
Tax (Expense)
(dollar amounts in millions)
Pretax
 
Benefit
 
After-tax
Noncredit-related impairment recoveries (losses) on debt securities not expected to be sold
$
—

 
$
—

 
$
—

Unrealized holding gains (losses) on available-for-sale debt securities arising during the period
(42
)
 
15

 
(27
)
Less: Reclassification adjustment for net losses (gains) included in net income
9

 
(4
)
 
5

Net change in unrealized holding gains (losses) on available-for-sale debt securities
(33
)
 
11

 
(22
)
Unrealized gains (losses) on derivatives used in cash flow hedging relationships arising during the period
2

 
—

 
2

Less: Reclassification adjustment for net (gains) losses included in net income
—

 
—

 
—

Net change in unrealized gains (losses) on derivatives used in cash flow hedging relationships
2

 
—

 
2

Net change in pension and other post-retirement obligations
2

 
(1
)
 
1

Total other comprehensive income (loss)
$
(29
)
 
$
10

 
$
(19
)
 
Nine Months Ended
September 30, 2018
 
 
 
Tax (expense)
 
 
(dollar amounts in millions)
Pretax
 
Benefit
 
After-tax
Noncredit-related impairment recoveries (losses) on debt securities not expected to be sold
$
—

 
$
—

 
$
—

Unrealized holding gains (losses) on available-for-sale debt securities arising during the period
(359
)
 
78

 
(281
)
Less: Reclassification adjustment for net losses (gains) included in net income
21

 
(4
)
 
17

Net change in unrealized holding gains (losses) on available-for-sale debt securities
(338
)
 
74

 
(264
)
Net change in pension and other post-retirement obligations
4

 
(1
)
 
3

Total other comprehensive income (loss)
$
(334
)
 
$
73

 
$
(261
)
 
Nine Months Ended
September 30, 2017
 
Tax (expense)
(dollar amounts in millions)
Pretax
 
Benefit
 
After-tax
Noncredit-related impairment recoveries (losses) on debt securities not expected to be sold
$
3

 
$
(1
)
 
$
2

Unrealized holding gains (losses) on available-for-sale debt securities arising during the period
20

 
(7
)
 
13

Less: Reclassification adjustment for net losses (gains) included in net income
19

 
(7
)
 
12

Net change in unrealized holding gains (losses) on available-for-sale debt securities
42

 
(15
)
 
27

Unrealized gains (losses) on derivatives used in cash flow hedging relationships arising during the period
2

 
—

 
2

Less: Reclassification adjustment for net (gains) losses included in net income
1

 
(1
)
 
—

Net change in unrealized gains (losses) on derivatives used in cash flow hedging relationships
3

 
(1
)
 
2

Net change in pension and other post-retirement obligations
3

 
(1
)
 
2

Total other comprehensive income (loss)
$
48

 
$
(17
)
 
$
31

Activity in accumulated other comprehensive income, net of tax
ctivity in accumulated OCI for the nine-month periods ended September 30, 2018 and 2017, were as follows:
(dollar amounts in millions)
Unrealized gains
and (losses) on
debt securities
(1)
 
Unrealized
gains and
(losses) on
cash flow
hedging
derivatives
 
Unrealized gains
(losses) for
pension and
other post-
retirement
obligations
 
Total
December 31, 2017
$
(278
)
 
$
—

 
$
(250
)
 
$
(528
)
Cumulative-effect adjustments (ASU 2016-01)
(1
)
 
—

 
—

 
(1
)
Other comprehensive income before reclassifications
(281
)
 
—

 
—

 
(281
)
Amounts reclassified from accumulated OCI to earnings
17

 
—

 
3

 
20

Period change
(264
)
 
—

 
3

 
(261
)
September 30, 2018
$
(543
)
 
$
—

 
$
(247
)
 
$
(790
)
 
 
 
 
 
 
 
 
December 31, 2016
$
(193
)
 
$
(3
)
 
$
(205
)
 
$
(401
)
Other comprehensive income before reclassifications
15

 
2

 
—

 
17

Amounts reclassified from accumulated OCI to earnings
12

 
—

 
2

 
14

Period change
27

 
2

 
2

 
31

September 30, 2017
$
(166
)
 
$
(1
)
 
$
(203
)
 
$
(370
)
Reclassification Out Of Accumulated OCI
The following table presents the reclassification adjustments out of accumulated OCI included in net income and the impacted line items as listed on the Unaudited Condensed Consolidated Statements of Income for the three-month and nine-month periods ended September 30, 2018 and 2017:
 
Reclassifications out of accumulated OCI
Accumulated OCI components
Amounts reclassified from accumulated OCI
 
Location of net gain (loss) reclassified from
accumulated OCI into earnings
 
Three Months Ended
 
 
(dollar amounts in millions)
September 30, 2018
 
September 30, 2017
 
 
Gains (losses) on debt securities:
 
 
 
 
 
Amortization of unrealized gains (losses)
$
(3
)
 
$
(1
)
 
Interest income - held-to-maturity securities - taxable
Realized gain (loss) on sale of securities
—

 
(8
)
 
Noninterest income - net gains (losses) on sale of securities
OTTI recorded
—

 
—

 
Noninterest income - net gains (losses) on sale of securities
Total before tax
(3
)
 
(9
)
 
 
Tax (expense) benefit
1

 
4

 
 
Net of tax
$
(2
)
 
$
(5
)
 
 
Amortization of defined benefit pension and post-retirement items:
 
 
Actuarial gains (losses)
$
(2
)
 
$
(1
)
 
Noninterest income / expense (1)
Net periodic benefit costs
—

 
(1
)
 
Noninterest income / expense (1)
Total before tax
(2
)
 
(2
)
 
 
Tax (expense) benefit
1

 
1

 
 
Net of tax
$
(1
)
 
$
(1
)
 
 
 
 
 
 
 
 
 
Reclassifications out of accumulated OCI
Accumulated OCI components
Amounts reclassified from accumulated OCI
 
Location of net gain (loss) reclassified from accumulated OCI into earnings
 
Nine Months Ended
 
 
(dollar amounts in millions)
September 30, 2018
 
September 30, 2017
 
 
Gains (losses) on debt securities:
 
 
 
 
 
Amortization of unrealized gains (losses)
$
(9
)
 
$
(7
)
 
Interest income - held-to-maturity securities - taxable
Realized gain (loss) on sale of securities
(12
)
 
(8
)
 
Noninterest income - net gains (losses) on sale of securities
OTTI recorded
—

 
(4
)
 
Noninterest income - net gains (losses) on sale of securities
Total before tax
(21
)
 
(19
)
 
 
Tax (expense) benefit
4

 
7

 
 
Net of tax
$
(17
)
 
$
(12
)
 
 
Gains (losses) on cash flow hedging relationships:
Interest rate contracts
$
—

 
$
(1
)
 
Interest income - loans and leases
Interest rate contracts
—

 
—

 
Noninterest income - other income
Total before tax
—

 
(1
)
 
 
Tax (expense) benefit
—

 
1

 
 
Net of tax
$
—

 
$
—

 
 
Amortization of defined benefit pension and post-retirement items:
Actuarial gains (losses)
$
(6
)
 
$
(4
)
 
Noninterest income / expense (1)
Net periodic benefit costs
2

 
1

 
Noninterest income / expense (1)
Total before tax
(4
)
 
(3
)
 
 
Tax (expense) benefit
1

 
1

 
 
Net of tax
$
(3
)
 
$
(2
)
 
 

(1)
The activity for 2018 and 2017 is recorded in Noninterest Income - other noninterest income and Noninterest Expense - personnel costs, respectively, on the Condensed Consolidated Statements of Income.