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CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Equity, Class of Treasury Stock [Line Items]        
Preferred stock - cash dividends declared per share (in dollars per share)   $ 6,200 $ 6,200  
Common stock - cash dividends declared per share (in dollars per share) $ 0.60 0.56 0.48  
Cash dividends declared per common share (in dollars per share) $ 0.60 $ 0.56 $ 0.48  
Accounting Standards Update [Extensible List]   us-gaap:AccountingStandardsUpdate201613Member us-gaap:AccountingStandardsUpdate201602Member us-gaap:AccountingStandardsUpdate201802Member
Preferred Stock        
Equity, Class of Treasury Stock [Line Items]        
Sale of stock, number of shares issued in transaction (in shares) 1,500      
Sale of stock (in dollars per share) $ 100,000      
First Horizon Share Repurchase Program        
Equity, Class of Treasury Stock [Line Items]        
Common stock repurchased under share repurchase programs $ 4.0 $ 130.0 $ 99.0