BORROWINGS (Tables)

9 Months Ended

Sep. 30, 2023

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 at September 30, 2023 and December 31, 2022, respectively: 

(dollar amounts in millions)	At September 30, 2023		At December 31, 2022
Federal funds purchased and securities sold under agreements to repurchase	$	656	$	253
FHLB advances	—		1,700
Other borrowings	25		74
Total short-term borrowings	$	681	$	2,027

Schedule of Long-term Debt Instruments

Huntington’s long-term debt consisted of the following at September 30, 2023 and December 31, 2022, respectively:

(dollar amounts in millions)	At September 30, 2023		At December 31, 2022
The Parent Company:
Senior Notes	$	4,116	$	3,005
Subordinated Notes	730		975
Total notes issued by the parent	4,846		3,980
The Bank:
Senior Notes	4,114		4,272
Subordinated Notes	651		651
Total notes issued by the bank	4,765		4,923
FHLB Advances (1)	2,707		211
Other	504		572
Total long-term debt	$	12,822	$	9,686

(1)    4.21% weighted average rate, varying maturities greater than one year.