Selected Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

The following table presents a quarterly summary of selected financial information for HUSI:

	2018										2017
	Fourth		Third		Second			First			Fourth			Third			Second			First
	(in millions)
Net interest income	$	586	$	559	$	555		$	552		$	534		$	560		$	582		$	597
Provision for credit losses	23		20		(45		)	(71		)	(45		)	(22		)	(21		)	(77		)
Net interest income after provision for credit losses	563		539		600			623			579			582			603			674
Other revenues	363		486		537			513			458			393			558			593
Operating expenses	780		790		786			1,282			903			820			849			819
Income (loss) before income tax	146		235		351			(146		)	134			155			312			448
Income tax expense	34		58		82			92			907			61			108			152
Net income (loss)(1)	$	112	$	177	$	269		$	(238	)	$	(773	)	$	94		$	204		$	296

⁽¹⁾  Fourth quarter 2018 reflects out of period adjustments which reduced net income by $56 million, $33 million of which relates to prior year periods. We concluded these adjustments were not material to the current and prior year periods.