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BORROWINGS (Tables)
 12 Months Ended
Dec. 31, 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 December 31,
(dollar amounts in millions)20232022
Federal funds purchased and securities sold under agreements to repurchase$618 $253 
FHLB advances— 1,700 
Other borrowings2 74 
Total short-term borrowings$620 $2,027 
Schedule of Long-Term Debt
Huntington’s long-term debt consisted of the following:
 At December 31,
(dollar amounts in millions)20232022
The Parent Company:
Senior Notes:
2.67% Huntington Bancshares Incorporated senior notes due 2024
$719 $762 
4.05% Huntington Bancshares Incorporated senior notes due 2025
457 481 
4.51% Huntington Bancshares Incorporated senior notes due 2028
716 704 
6.29% Huntington Bancshares Incorporated senior notes due 2029
1,266 — 
2.60% Huntington Bancshares Incorporated senior notes due 2030
692 679 
5.08% Huntington Bancshares Incorporated senior notes due 2033
383 379 
Subordinated Notes:
3.55% Huntington Bancshares Incorporated subordinated notes due 2023
— 225 
Huntington Capital I Trust Preferred 6.34% junior subordinated debentures due 2027 (1) (7)
69 69 
Huntington Capital II Trust Preferred 6.27% junior subordinated debentures due 2028 (2) (7)
32 32 
Sky Financial Capital Trust III 7.04% junior subordinated debentures due 2036 (3) (7)
72 72 
Sky Financial Capital Trust IV 7.04% junior subordinated debentures due 2036 (3) (7)
74 74 
2.49% Huntington Bancshares Incorporated subordinated notes due 2036
1 1 
2.53% Huntington Bancshares Incorporated subordinated notes due 2036
512 502 
Total notes issued by the parent4,993 3,980 
The Bank:
Senior Notes:
3.60% Huntington National Bank senior notes due 2023
— 735 
6.66% Huntington National Bank senior notes due 2025
278 299 
4.11% Huntington National Bank senior notes due 2025
467 486 
5.81% Huntington National Bank senior notes due 2025
1,060 1,094 
4.55% Huntington National Bank senior notes due 2028
776 766 
5.76% Huntington National Bank senior notes due 2030
899 892 
Subordinated Notes:
0.96% Huntington National Bank subordinated notes due 2025
129 129 
3.86% Huntington National Bank subordinated notes due 2026
223 218 
3.03% Huntington National Bank subordinated notes due 2029
156 153 
3.75% Huntington National Bank subordinated notes due 2030
154 151 
Total notes issued by the bank4,142 4,923 
FHLB Advances:
4.21% weighted average rate, varying maturities greater than one year
2,731 211 
Other:
Huntington Technology Finance nonrecourse debt, 5.38% weighted average interest rate, varying maturities
343 337 
6.65% Huntington Preferred Capital II - Class G securities
— 50 
7.64% Huntington Preferred Capital II - Class I securities (4)
50 50 
8.24% Huntington Preferred Capital II - Class J securities (5)
75 75 
8.74% Huntington Preferred Capital II - Class L securities (6)
60 60 
Total long-term debt$12,394 $9,686 
(1)Variable effective rate at December 31, 2023, based on three-month SOFR +0.96%.
(2)Variable effective rate at December 31, 2023, based on three-month SOFR +0.866%.
(3)Variable effective rate at December 31, 2023, based on three-month SOFR +1.66%.
(4)Variable effective rate at December 31, 2023, based on three-month SOFR +2.00%.
(5)Variable effective rate at December 31, 2023, based on three-month SOFR +2.60%.
(6)Variable effective rate at December 31, 2023, based on three-month SOFR +3.10%.
(7)Represents the outstanding amount of debentures issued to each trust and related trust-preferred securities. Refer to Note 21 - “Variable Interest Entities” for trust-preferred securities details.
Schedule of Maturities of Long-term Debt
Long-term debt maturities, based upon the par values of the long-term debt, for the next five years and thereafter are as follows:
(dollar amounts in millions)20242025202620272028ThereafterTotal
The Parent Company:
Senior notes$734 $468 $— $— $750 $2,400 $4,352 
Subordinated notes— — — 70 32 707 809 
The Bank:
Senior notes— 1,817 — — 800 900 3,517 
Subordinated notes— 130 239 — — 300 669 
FHLB Advances— 200 1,500 500 500 1 2,701 
Other70 75 151 125 106 1 528 
Total$804 $2,690 $1,890 $695 $2,188 $4,309 $12,576