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BENEFIT PLANS (Tables)
 12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Schedule of Weighted-average Assumptions Used
The following table shows the weighted-average assumptions used to determine the benefit obligation and the net periodic benefit cost.
At December 31,
20242023
Weighted-average assumptions used to determine benefit obligations:
Discount rate5.67 %5.15 %
Weighted-average assumptions used to determine net periodic benefit cost:
Discount rate5.15 5.41 
Expected return on plan assets5.50 5.00 
Schedule of Changes in Projected Benefit Obligation
The following table reconciles the beginning and ending balances of the benefit obligation of the Plan with the amounts recognized in the consolidated balance sheets.
At December 31,
(dollar amounts in millions)20242023
Projected benefit obligation at beginning of measurement year$687 $692 
Changes due to:
Service cost3 3 
Interest cost34 36 
Benefits paid(34)(33)
Settlements(9)(16)
Actuarial (losses) gains
(35)5 
Total changes(41)(5)
Projected benefit obligation at end of measurement year$646 $687 
Schedule of Changes in Fair Value of Plan Assets
The following table reconciles the beginning and ending balances of the fair value of Plan assets.
At December 31,
(dollar amounts in millions)20242023
Fair value of plan assets at beginning of measurement year$729 $740 
Changes due to:
Actual return on plan assets(8)39 
Settlements(9)(17)
Benefits paid(34)(33)
Total changes(51)(11)
Fair value of plan assets at end of measurement year$678 $729 
Schedule of Net Periodic Benefit Costs
The following table shows the components of net periodic benefit costs recognized.
Year Ended December 31, (1)
(dollar amounts in millions)202420232022
Service cost$3 $3 $3 
Interest cost34 36 22 
Expected return on plan assets(46)(43)(41)
Amortization of loss2 1 9 
Settlements4 7 15 
Benefit costs$(3)$4 $8 
(1)    Pension costs are recognized in other noninterest income in the Consolidated Statements of Income.
Schedule of Allocation of Plan Assets The Plan assets consisted of investments in a variety of cash equivalent, corporate and government fixed income, and equity investments as follows.
Fair Value at December 31,
(dollar amounts in millions)20242023
Cash equivalents:
Mutual funds-money market$11 2 %$17 2 %
Fixed income:
Corporate obligations212 31 234 32 
U.S. Government obligations69 10 70 10 
Municipal obligations1 — 1 — 
Collective trust funds273 40 297 42 
Equities:
Limited liability companies11 2 10 1 
Collective trust funds78 12 76 10 
Limited partnerships23 3 24 3 
Fair value of plan assets$678 100 %$729 100 %
Schedule of Expected Benefit Payments
At December 31, 2024, the following table shows when benefit payments are expected to be paid.
(dollar amounts in millions)Pension Benefits
2025$53 
202654 
202754 
202853 
202953 
2030 through 2034252 
Schedule of Huntington Stock Statistics for Defined Contribution Plan
The following table shows the number of shares, market value, and dividends received on shares of Huntington stock held by the defined contribution plan.
At December 31,
(dollar amounts in millions, share amounts in thousands)20242023
Shares in Huntington common stock 10,910 11,899 
Market value of Huntington common stock$178 $151 
Dividends received on shares of Huntington stock7 7