SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Schedule of Stock by Class

The following is a summary of Huntington’s non-cumulative, non-voting, perpetual preferred stock outstanding as of December 31, 2021.

(dollar amounts in millions)						Carrying Amount
Series	Issuance Date	Shares Outstanding	Dividend Rate		Earliest Redemption Date (1)	December 31, 2021		December 31, 2020
Series B (2)	12/28/2011	35,500	3-mo. LIBOR + 270 bps		1/15/2017	$	23	$	23
Series D	3/21/2016	—	6.25	%	4/15/2021	—		386
Series D	5/5/2016	—	6.25		4/15/2021	—		199
Series C	8/16/2016	—	5.875		10/15/2021	—		100
Series E (3)	2/27/2018	5,000	5.70		4/15/2023	495		495
Series F (3)	5/27/2020	5,000	5.625		7/15/2030	494		494
Series G (3)	8/3/2020	5,000	4.45		10/15/2027	494		494
Series H (2)	2/2/2021	500,000	4.50		4/15/2026	486		—
Series I (3)	6/9/2021	7,000	5.70		12/01/2022	175		—
Total		557,500				$	2,167	$	2,191

(1) Denotes earliest optional redemption date. Earlier redemption is solely at Huntington’s option, subject to prior approval of FRB.

(2) Series B and H of preferred stock have a liquidation value and redemption price per share of $1,000, plus any declared and unpaid dividends.

(3) Series E, F, G, and I preferred stock have a liquidation value and redemption price per share of $100,000, plus any declared and unpaid dividends.

Dividends Declared

The following table presents the dividends declared for each series of Preferred shares for the years ended December 31, 2021, 2020, and 2019:

(amounts in millions, except per share data)	Cash Dividend Declared Per Share
Preferred Series			Amount ($)
Year Ended December 31, 2021
Series B	$	28.69	$	(1)
Series C	44.07		(4)
Series D	31.25		(18)
Series E	5,700.00		(29)
Series F	5,625.00		(28)
Series G	4,450.00		(23)
Series H	42.00		(21)
Series I	1,068.75		(7)
			$	(131)
Year Ended December 31, 2020
Series B	$	35.91	$	(1)
Series C	58.76		(6)
Series D	62.50		(37)
Series E	5,700.00		(29)
Series F	3,468.75		(17)
Series G	1,915.97		(10)
			$	(100)
Year Ended December 31, 2019
Series B	$	51.22	$	(2)
Series C	58.76		(6)
Series D	62.50		(37)
Series E	5,700.00		(29)
			$	(74)