OTHER COMPREHENSIVE INCOME (Tables)

9 Months Ended

Sep. 30, 2020

Components of other comprehensive income

The components of Huntington’s OCI for the three-month and nine-month periods ended September 30, 2020 and 2019, were as follows:



	Three Months Ended September 30, 2020
	Tax (expense)
(dollar amounts in millions)	Pretax		Benefit		After-tax

Unrealized gains (losses) on available-for-sale securities arising during the period	$	—	$	—	$	—
Less: Reclassification adjustment for realized net losses (gains) included in net income	6		(1)		5
Net change in unrealized holding gains (losses) on available-for-sale securities	6		(1)		5



Net change in fair value on cash flow hedges	(52)		12		(40)
Net change in pension and other post-retirement obligations	3		(1)		2
Total other comprehensive income (loss)	$	(43)	$	10	$	(33)



	Three Months Ended September 30, 2019
	Tax (expense)
(dollar amounts in millions)	Pretax		Benefit		After-tax

Unrealized gains (losses) on available-for-sale securities arising during the period	$	81	$	(18)	$	63
Less: Reclassification adjustment for realized net losses (gains) included in net income	8		(2)		6
Net change in unrealized gains (losses) on available-for-sale securities	89		(20)		69



Net change in fair value on cash flow hedges	36		(8)		28
Net change in pension and other post-retirement obligations	1		—		1
Total other comprehensive income (loss)	$	126	$	(28)	$	98



	Nine Months Ended September 30, 2020
	Tax (expense)
(dollar amounts in millions)	Pretax		Benefit		After-tax

Unrealized gains (losses) on available-for-sale securities arising during the period	$	274	$	(61)	$	213
Less: Reclassification adjustment for realized net losses (gains) included in net income	35		(8)		27
Net change in unrealized holding gains (losses) on available-for-sale securities	309		(69)		240



Net change in fair value on cash flow hedges	358		(79)		279
Net change in pension and other post-retirement obligations (1)	(8)		2		(6)
Total other comprehensive income (loss)	$	659	$	(146)	$	513

(1) Includes a settlement gain recognized in other noninterest income on the Unaudited Condensed Consolidated Statements of Income.



	Nine Months Ended September 30, 2019
	Tax (expense)
(dollar amounts in millions)	Pretax		Benefit		After-tax

Unrealized gains (losses) on available-for-sale securities arising during the period	$	428	$	(95)	$	333
Less: Reclassification adjustment for realized net losses (gains) included in net income	21		(5)		16
Net change in unrealized holding gains (losses) on available-for-sale securities	449		(100)		349



Net change in fair value on cash flow hedges	104		(22)		82
Net change in pension and other post-retirement obligations	3		—		3
Total other comprehensive income (loss)	$	556	$	(122)	$	434

Activity in accumulated other comprehensive income, net of tax

Activity in accumulated OCI for the three-month and nine-month periods ended September 30, 2020 and 2019, were as follows:



(dollar amounts in millions)	Unrealized gains (losses) on debt securities (1)		Change in fair value related to cash flow hedges		Unrealized gains (losses) for pension and other post- retirement obligations (2)		Total
Three Months Ended September 30, 2020
Balance, beginning of period	$	207	$	342	$	(259)	$	290

Other comprehensive income before reclassifications	—		(40)		—		(40)

Amounts reclassified from accumulated OCI to earnings	5		—		2		7
Period change	5		(40)		2		(33)
Balance, end of period	$	212	$	302	$	(257)	$	257

Three Months Ended September 30, 2019
Balance, beginning of period	$	(83)	$	54	$	(244)	$	(273)

Other comprehensive income before reclassifications	63		28		—		91
Amounts reclassified from accumulated OCI to earnings	6		—		1		7
Period change	69		28		1		98

Balance, end of period	$	(14)	$	82	$	(243)	$	(175)


(dollar amounts in millions)	Unrealized gains (losses) on debt securities (1)		Change in fair value related to cash flow hedges		Unrealized gains (losses) for pension and other post- retirement obligations (2)		Total
Nine Months Ended September 30, 2020
Balance, beginning of period	$	(28)	$	23	$	(251)	$	(256)

Other comprehensive income before reclassifications	213		279		—		492

Amounts reclassified from accumulated OCI to earnings	27		—		(6)		21
Period change	240		279		(6)		513
Balance, end of period	$	212	$	302	$	(257)	$	257

Nine Months Ended September 30, 2019
Balance, beginning of period	$	(363)	$	—	$	(246)	$	(609)

Other comprehensive income before reclassifications	333		82		—		415
Amounts reclassified from accumulated OCI to earnings	16		—		3		19
Period change	349		82		3		434
Balance, end of period	$	(14)	$	82	$	(243)	$	(175)

(1)AOCI amounts at September 30, 2020, June 30, 2020 and September 30, 2019 include $74 million, $81 million and $126 million, respectively, net of unrealized losses on securities transferred from the available-for-sale securities portfolio to the held-to-maturity securities portfolio. The net unrealized losses will be recognized in earnings over the remaining life of the security using the effective interest method.

(2)Amounts for the nine months ended September 30, 2020 include a settlement gain recognized in other noninterest income on the Unaudited Condensed Consolidated Statements of Income.