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Stock Options, Restricted Stock, and Dividend Reinvestment Plans (Tables)
 12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Restricted and Performance Stock Activity A summary of restricted and performance stock and unit activity during the year ended December 31, 2021, is presented below:
Table 8.19.1
RESTRICTED AND PERFORMANCE EQUITY AWARD ACTIVITY
Shares/
Units (a)		Weighted average
grant date fair value
(per share) (b)
January 1, 20218,270,216 $12.47 
Shares/units granted4,330,371 13.56 
Shares/units vested/distributed(637,689)12.31 
Shares/units canceled(2,666,010)13.05 
December 31, 20219,296,888 $13.14 
(a)Includes only units that settle in shares; nonvested performance units are included at 100% payout level.
(b)The weighted average grant date fair value for shares/units granted in 2020 and 2019 was $12.47 and $16.25, respectively.
Schedule of Stock Options The summary of stock option activity for the year ended December 31, 2021, is shown below:
Table 8.19.2
STOCK OPTION ACTIVITY
Options
Outstanding		Weighted
Average
Exercise Price
(per share)		Weighted Average
Remaining
Contractual Term
(years)		Aggregate
Intrinsic Value
(millions)
January 1, 20217,749,082 $15.20   
Options granted155,124 14.44   
Options exercised(2,302,642)11.88   
Options expired/canceled(620,635)22.44   
December 31, 20214,980,929 $15.81 3.99$7 
Options exercisable3,697,062 15.95 3.516 
Options expected to vest1,283,867 15.15 4.391 
Schedule of Valuation Assumptions, Stock Options FHN used the Black-Scholes Option Pricing Model to estimate the fair value of stock options granted or converted in 2021, 2020, and 2019 with the following assumptions:
Table 8.19.3
STOCK OPTION FAIR VALUE ASSUMPTIONS
202120202019
Expected dividend yield4.16%3.77%3.63%
Expected weighted-average lives of options granted6.29 years6.25 years6.24 years
Expected weighted-average volatility38.44%23.94%24.76%
Expected volatility range
37.86%-39.02%
23.32 - 24.56%
 23.07 - 26.45%
Risk-free interest rate0.62%1.47%2.53%