Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 52

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 52
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 $(190)Year Ended December 31, 2023Unrealized gains on available-for-sale securities arising during the period, net of hedges$154 $(36)$118 Reclassification adjustment for realized net losses included in net income47 (11)36 Total unrealized gains on available-for-sale securities, net of hedges201 (47)154 Unrealized gains on cash flow hedges during the period162 (37)125 Reclassification adjustment for cash flow hedges included in net income187 (43)144 Net change related to cash flow hedges on loans349 (80)269 Translation adjustments, net of hedges (1)2 — 2 Change in accumulated unrealized losses for pension and other post-retirement obligations(4)1 (3)Other comprehensive income$548 $(126)$422 Year Ended December 31, 2022Unrealized losses on available-for-sale securities arising during the period, net of hedges$(2,934)$673 $(2,261)Reclassification adjustment for realized net losses included in net income100 (23)77 Total unrealized losses on available-for-sale securities, net of hedges(2,834)650 (2,184)Unrealized losses on cash flow hedges during the period(896)201 (695)Reclassification adjustment for cash flow hedges included in net income— — — Net change related to cash flow hedges on loans(896)201 (695)Translation adjustments, net of hedges (1)(5)— (5)Change in accumulated unrealized losses for pension and other post-retirement obligations 19 (4)15 Other comprehensive loss$(3,716)$847 $(2,869)(1)Foreign investments are deemed to be permanent in nature and, therefore, Huntington does not provide for taxes on foreign currency translation adjustments.

128     Huntington Bancshares Incorporated

Table of Contents

Activity in accumulated OCI was as follows.(dollar amounts in millions)Unrealized lossesonavailable-for-salesecurities, net of hedges (1)Net change related to cash flow hedges on loansTranslation adjustments, net of hedgesUnrealizedlosses forpension and other post-retirementobligationsTotalDecember 31, 2021$(64)$63 $(3)$(225)$(229)Other comprehensive loss before reclassifications(2