OTHER COMPREHENSIVE INCOME (Tables)

12 Months Ended

Dec. 31, 2021

Components of Accumulated Other Comprehensive Income

The components of Huntington’s OCI for the years ended December 31, 2021, 2020, and 2019, were as follows:


(dollar amounts in millions)	Pretax	Tax (expense) benefit	After-tax
Year Ended December 31, 2021

Unrealized (losses) gains on available-for-sale securities arising during the period	(474)	107	(367)
Less: Reclassification adjustment for realized net losses (gains) included in net income	34	(8)	26
Total unrealized (losses) gains on available-for-sale securities	(440)	99	(341)



Change in fair value related to cash flow hedges	(144)	39	(105)
Foreign currency translation adjustment (1)	(12)	—	(12)
Net unrealized gains (losses) on net investment hedges	9	—	9
Translation adjustments, net of hedges (1)	(3)	—	(3)
Change in accumulated unrealized gains (losses) for pension and other post-retirement obligations	36	(8)	28
Other comprehensive loss	(551)	130	(421)
Year Ended December 31, 2020			—

Unrealized gains (losses) on available-for-sale securities arising during the period	235	(52)	183
Less: Reclassification adjustment for realized net losses (gains) included in net income	42	(9)	33
Total unrealized gains (losses) on available-for-sale securities	277	(61)	216



Change in fair value related to cash flow hedges	302	(68)	234



Change in accumulated unrealized (losses) gains for pension and other post-retirement obligations (2)	(3)	1	(2)
Other comprehensive income	576	(128)	448
Year Ended December 31, 2019

Unrealized gains (losses) on available-for-sale securities arising during the period	403	(89)	314
Less: Reclassification adjustment for realized net losses (gains) included in net income	26	(5)	21
Total unrealized gains (losses) on available-for-sale securities	429	(94)	335



Change in fair value related to cash flow hedges	26	(3)	23



Change in accumulated unrealized gains (losses) for pension and other post-retirement obligations	(7)	2	(5)
Other comprehensive income	448	(95)	353

(1)Foreign investments are deemed to be permanent in nature and, therefore, Huntington does not provide for taxes on foreign currency translation adjustments.

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

Activity in Accumulated Other Comprehensive Income

Activity in accumulated OCI for the years ended December 31, 2021 and 2020 were as follows:


(dollar amounts in millions)	Unrealized (losses) gains on debt securities (1)		Change in fair value related to cash flow hedges		Translation adjustments, net of hedges		Unrealized (losses) gains for pension and other post-retirement obligations		Total
December 31, 2018	$	(363)	$	—	$	—	$	(246)	$	(609)
Other comprehensive income before reclassifications	$	314	$	23	$	—	$	—	$	337
Amounts reclassified from accumulated OCI to earnings	$	21	$	—	$	—	$	(5)	$	16
Period change	$	335	$	23	$	—	$	(5)	$	353
December 31, 2019	$	(28)	$	23	$	—	$	(251)	$	(256)

Other comprehensive income before reclassifications	183		234		—		—		417
Amounts reclassified from accumulated OCI to earnings	33		—		—		(2)		31
Period change	216		234		—		(2)		448

December 31, 2020	188		257		—		(253)		192

Other comprehensive income before reclassifications	(367)		(105)		(3)		—		(475)
Amounts reclassified from accumulated OCI to earnings	26		—		—		28		54
Period change	(341)		(105)		(3)		28		(421)

December 31, 2021	$	(153)	$	152	$	(3)	$	(225)	$	(229)

(1)AOCI amounts at December 31, 2021, 2020, and 2019 include $35 million, $69 million and $121 million, respectively, of net 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.