XML 33 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Millions
Total
Adjustment
Adjusted Balance
Preferred Stock
Preferred Stock
Adjusted Balance
Common Sock
Common Sock
Adjusted Balance
Capital Surplus
Capital Surplus
Adjusted Balance
Retained Earnings
Retained Earnings
Adjustment
Retained Earnings
Adjusted Balance
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Adjusted Balance
[1]
Noncontrolling Interest
Noncontrolling Interest
Adjusted Balance
Beginning balance (in shares) at Dec. 31, 2018       1,000 1,000 318,573 318,573                  
Beginning balance at Dec. 31, 2018 $ 4,786 $ (1) $ 4,785 $ 96 $ 96 $ 200 $ 200 $ 3,029 $ 3,029 $ 1,542 $ (1) $ 1,541 $ (376) [1] $ (376) $ 295 $ 295
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Net income 452                 441         11  
Other comprehensive income (loss) 137                       137 [1]      
Comprehensive income (loss) 589                 441     137 [1]   11  
Cash dividends declared:                                
Preferred stock (6)                 (6)            
Common stock (178)                 (178)            
Common stock repurchased (in shares) [2]           (9,100)                    
Common stock repurchased [2] (134)         $ (6)   (128)                
Common stock issued for:                                
Stock options and restricted stock - equity awards (in shares)           1,996                    
Stock options and restricted stock - equity awards 9         $ 1   8                
Stock-based compensation expense 22             22                
Dividends declared - noncontrolling interest of subsidiary preferred stock (11)                           (11)  
Ending balance (in shares) at Dec. 31, 2019       1,000 1,000 311,469 311,469                  
Ending balance at Dec. 31, 2019 $ 5,076 $ (96) $ 4,980 $ 96 $ 96 $ 195 $ 195 2,931 $ 2,931 1,798 $ (96) $ 1,702 (239) [1] $ (239) 295 $ 295
Common stock issued for:                                
Accounting Standards Update [Extensible List] Accounting Standards Update 2016-13 [Member]                              
Net income $ 857                 845         12  
Other comprehensive income (loss) 99                       99 [1]      
Comprehensive income (loss) 956     $ 0           845     99 [1]   12  
Preferred stock (23)                 (23)            
Common stock (263)                 (263)            
Preferred stock issuance (1,500 shares issued at $100,000 per share net of offering costs) (in shares)       1,500                        
Preferred stock issuance (1,500 shares issued at $100,000 per share net of offering costs) 144     $ 144                        
Common stock repurchased (in shares)           (426)                    
Common stock repurchased (4)             (4)                
Stock options and restricted stock - equity awards (in shares)           1,726                    
Stock options and restricted stock - equity awards 7             7                
Issued in business combination (in shares) [3]       23,750   243,015                    
Issued in business combination [3] 2,497     $ 230   $ 152   2,115                
Stock-based compensation expense 32             32                
Dividends declared - noncontrolling interest of subsidiary preferred stock (12)                           (12)  
Other (in shares) [4]           (753)                    
Other [4] (7)             (7)                
Ending balance (in shares) at Dec. 31, 2020       26,250   555,031                    
Ending balance at Dec. 31, 2020 8,307     $ 470   $ 347   5,074   2,261     (140) [1]   295  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Net income 1,010                 999         11  
Other comprehensive income (loss) (148)                       (148) [1]      
Comprehensive income (loss) 862                 999     (148) [1]   11  
Cash dividends declared:                                
Preferred stock (32)                 (32)            
Preferred stock (37)                              
Common stock (332)                 (332)            
Preferred stock issuance (1,500 shares issued at $100,000 per share net of offering costs) (in shares)       1,500                        
Preferred stock issuance (1,500 shares issued at $100,000 per share net of offering costs) 145     $ 145                        
Call of preferred stock (in shares)       (1,000)                        
Call of preferred stock (100)     $ (95)           (5)     (5)      
Common stock repurchased (in shares)           (25,063)                    
Common stock repurchased (416)         $ (16)   (400)                
Common stock issued for:                                
Stock options and restricted stock - equity awards (in shares)           3,609                    
Stock options and restricted stock - equity awards 28         $ 2   26                
Stock-based compensation expense 43             43                
Dividends declared - noncontrolling interest of subsidiary preferred stock (11)                           (11)  
Ending balance (in shares) at Dec. 31, 2021       26,750   533,577                    
Ending balance at Dec. 31, 2021 $ 8,494     $ 520   $ 333   $ 4,743   $ 2,891     $ (288) [1]   $ 295  
[1] Due to the nature of the preferred stock issued by FHN and its subsidiaries, all components of other comprehensive income (loss) have been attributed solely to FHN as the controlling interest holder.
[2] 2021, 2020, and 2019 include $401 million, $4 million, and $130 million, respectively, repurchased under share repurchase programs.
[3] See Note 2- Acquisitions and Divestitures for additional information.
[4] Represents shares canceled in connection with the resolution of remaining CBF dissenters' appraisal process and to cover taxes on the IBKC equity compensation grants that automatically vested as part of the merger.