Quarterly report pursuant to Section 13 or 15(d)

BORROWINGS (Tables)

v3.24.2
BORROWINGS (Tables)
 6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Short-term Debt
Borrowings with original maturities of one year or less are classified as short-term and were comprised of the following:
(dollar amounts in millions) At June 30, 2024 At December 31, 2023
Securities sold under agreements to repurchase
 $ 133  $ 618 
Other borrowings 54  2 
Total short-term borrowings $ 187  $ 620 
Schedule of Long-term Debt Instruments
Huntington’s long-term debt consisted of the following:
(dollar amounts in millions) At June 30, 2024 At December 31, 2023
The Parent Company:
Senior Notes $ 5,409  $ 4,233 
Subordinated Notes 745  760 
Total notes issued by the parent 6,154  4,993 
The Bank:
Senior Notes 2,700  3,480 
Subordinated Notes 664  662 
Total notes issued by the bank 3,364  4,142 
FHLB Advances
 4,686  2,731 
Auto Loan Securitization Trust (1)
 1,265  — 
Credit Linked Notes 480  — 
Other 512  528 
Total long-term debt $ 16,461  $ 12,394 
(1)     Represents secured borrowings collateralized by auto loans with a weighted average rate of 5.38% due through 2029. See Note 14 - “Variable Interest Entities” for additional information.