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BORROWINGS (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Instruments [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 at December 31, 2021 and 2020, respectively: 
 At December 31,
(dollar amounts in millions)20212020
Federal funds purchased and securities sold under agreements to repurchase$320 $71 
Other borrowings14 112 
Total short-term borrowings$334 $183 
Schedule of Long-Term Debt
Huntington’s long-term debt consisted of the following:
 At December 31,
(dollar amounts in millions)20212020
The Parent Company:
Senior Notes:
3.19% Huntington Bancshares Incorporated medium-term notes due 2021
$— $802 
2.33% Huntington Bancshares Incorporated senior notes due 2022
— 699 
2.67% Huntington Bancshares Incorporated senior notes due 2024
812 838 
4.05% Huntington Bancshares Incorporated senior notes due 2025
527 553 
2.60% Huntington Bancshares Incorporated senior notes due 2030
744 743 
Subordinated Notes:
3.55% Huntington Bancshares Incorporated subordinated notes due 2023
227 256 
Huntington Capital I Trust Preferred 0.91% junior subordinated debentures due 2027 (1)
69 69 
Huntington Capital II Trust Preferred 0.83% junior subordinated debentures due 2028 (2)
32 32 
Sky Financial Capital Trust III 1.61% junior subordinated debentures due 2036 (3)
72 72 
Sky Financial Capital Trust IV 1.61% junior subordinated debentures due 2036 (3)
74 74 
2.54% Huntington Bancshares Incorporated subordinated notes due 2036
554 — 
Camco Financial Statutory Trust I 1.57% due 2037
— 4 
Total notes issued by the parent
3,111 4,142 
The Bank:
Senior Notes:
0.79% Huntington National Bank senior notes due 2021
— 298 
3.33% Huntington National Bank senior notes due 2021
— 752 
2.55% Huntington National Bank senior notes due 2022
703 710 
3.16% Huntington National Bank senior notes due 2022
500 511 
1.83% Huntington National Bank senior notes due 2023
483 489 
3.60% Huntington National Bank senior notes due 2023
748 773 
Subordinated Notes:
0.64% Huntington National Bank subordinated notes due 2022
113 — 
0.96% Huntington National Bank subordinated notes due 2025
142 — 
3.86% Huntington National Bank subordinated notes due 2026
226 233 
3.03% Huntington National Bank subordinated notes due 2029
161 — 
3.75% Huntington National Bank subordinated notes due 2030
169 — 
Total notes issued by the bank
3,245 3,766 
FHLB Advances:
1.04% weighted average rate, varying maturities greater than one year
215 3 
Other:
Huntington Technology Finance nonrecourse debt, 3.15% weighted average interest rate, varying maturities
287 266 
2.09% Huntington Preferred Capital II - Class F securities (4)
75 75 
2.09% Huntington Preferred Capital II - Class G securities (4)
50 50 
2.21% Huntington Preferred Capital II - Class I securities (5)
50 50 
2.65% Huntington Preferred Capital II - Class J Securities (6)
75 — 
Total long-term debt$7,108 $8,352 
(1)Variable effective rate at December 31, 2021, based on three-month LIBOR +0.70%
(2)Variable effective rate at December 31, 2021, based on three-month LIBOR +0.625%
(3)Variable effective rate at December 31, 2021, based on three-month LIBOR +1.40%
(4)Variable effective rate at December 31, 2021, based on three-month LIBOR +1.88%
(5)Variable effective rate at December 31, 2021, based on three-month LIBOR +2.00%
(6)Variable effective rate at December 31, 2021 based on three-month SOFR +2.60%
The trust securities are the obligations of the trusts, and as such, are not consolidated within Huntington’s Consolidated Financial Statements.
A list of trust-preferred securities outstanding at December 31, 2021 follows:
(dollar amounts in millions)Rate
Principal amount of
subordinated note/
debenture issued to trust (1)
Investment in
unconsolidated
subsidiary
Huntington Capital I0.91 %(2)$70 $7 
Huntington Capital II0.83 (3)32 3 
Sky Financial Capital Trust III1.61 (4)72 2 
Sky Financial Capital Trust IV1.61 (4)74 2 
Total$248 $14 
(1)Represents the principal amount of debentures issued to each trust, including unamortized original issue discount.
(2)Variable effective rate at December 31, 2021, based on three-month LIBOR + 0.70%.
(3)Variable effective rate at December 31, 2021, based on three-month LIBOR + 0.625%.
(4)Variable effective rate at December 31, 2021, based on three-month LIBOR + 1.40%.
Schedule of Maturities of Long-term Debt
Long-term debt maturities for the next five years and thereafter are as follows:
(dollar amounts in millions)20222023202420252026ThereafterTotal
The Parent Company:
Senior notes$— $— $800 $500 $— $750 $2,050 
Subordinated notes— 225 — — — 809 1,034 
The Bank:
Senior notes1,198 1,202 — — — — 2,400 
Subordinated notes110 — — 130 239 300 779 
FHLB Advances1 1 — 200 — 1 203 
Other106 128 116 57 127 3 537 
Total$1,415 $1,556 $916 $887 $366 $1,863 $7,003