OTHER COMPREHENSIVE INCOME (Tables)

3 Months Ended

Mar. 31, 2025

Components of Other Comprehensive Income

The following table summarizes the components of Huntington’s OCI.


(dollar amounts in millions)	Pretax		Tax (expense) benefit		After-tax
Three months ended March 31, 2025

Unrealized gains on available-for-sale securities arising during the period, net of hedges	$	329	$	(76)	$	253
Reclassification adjustment for realized net losses included in net income	2		—		2
Total unrealized gains on available-for-sale securities, net of hedges	331		(76)		255


Unrealized gains on cash flow hedges during the period	202		(47)		155
Reclassification adjustment for cash flow hedges included in net income	28		(6)		22
Net change related to cash flow hedges on loans	230		(53)		177


Translation adjustments, net of hedges (1)	1		—		1

Other comprehensive income	$	562	$	(129)	$	433
Three months ended March 31, 2024

Unrealized losses on available-for-sale securities arising during the period, net of hedges	$	(170)	$	40	$	(130)
Reclassification adjustment for realized net losses included in net income	3		(1)		2
Total unrealized losses on available-for-sale securities, net of hedges	(167)		39		(128)


Unrealized losses on cash flow hedges during the period	(161)		37		(124)
Reclassification adjustment for cash flow hedges included in net income	67		(16)		51
Net change related to cash flow hedges on loans	(94)		21		(73)


Translation adjustments, net of hedges (1)	(2)		—		(2)

Other comprehensive loss	$	(263)	$	60	$	(203)

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

Activity in Accumulated Other Comprehensive Income, Net of Tax

The following table summarizes the activity in accumulated OCI.


(dollar amounts in millions)	Unrealized gains (losses) on available-for-sale securities, net of hedges (1)		Net change related to cash flow hedges on loans		Translation adjustments, net of hedges		Unrealized losses for pension and other post-retirement obligations		Total
Three months ended March 31, 2025
Balance, beginning of period	$	(2,365)	$	(267)	$	(12)	$	(222)	$	(2,866)

Other comprehensive income before reclassifications	253		155		1		—		409
Amounts reclassified from accumulated OCI to earnings	2		22		—		—		24
Period change	255		177		1		—		433
Balance, end of period	$	(2,110)	$	(90)	$	(11)	$	(222)	$	(2,433)

Three months ended March 31, 2024
Balance, beginning of period	$	(2,094)	$	(363)	$	(6)	$	(213)	$	(2,676)

Other comprehensive income before reclassifications	(130)		(124)		(2)		—		(256)
Amounts reclassified from accumulated OCI to earnings	2		51		—		—		53
Period change	(128)		(73)		(2)		—		(203)

Balance, end of period	$	(2,222)	$	(436)	$	(8)	$	(213)	$	(2,879)

(1)AOCI amounts at March 31, 2025 and March 31, 2024 include $49 million and $56 million, respectively, of net unrealized losses (after-tax) 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.