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Goodwill and Other Intangible Assets
3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Goodwill
The following is a summary of goodwill by reportable segment included in the Consolidated Balance Sheets as of March 31, 2023 and December 31, 2022.
GOODWILL
(Dollars in millions)Regional
Banking
Specialty BankingTotal
December 31, 2021$880 $631 $1,511 
Additions— — — 
December 31, 2022$880 $631 $1,511 
Additions— — — 
March 31, 2023$880 $631 $1,511 

FHN performed the required annual goodwill impairment test as of October 1, 2022. The annual impairment test did not indicate impairment in any of FHN’s reporting units as of the testing date. Following the testing date, management evaluated the events and circumstances that could indicate that goodwill might be impaired and concluded that it is not more likely than not that goodwill was impaired.
Accounting estimates and assumptions were made about FHN's future performance and cash flows, as well as other prevailing market factors (e.g., interest rates, economic trends, etc.) when determining fair value as part of the
goodwill impairment test. While management used the best information available to estimate future performance for each reporting unit, future adjustments to management's projections may be necessary if conditions differ substantially from the assumptions used in making the estimates.
Other intangible assets
The following table, which excludes fully amortized intangibles, presents other intangible assets included in the Consolidated Balance Sheets:
OTHER INTANGIBLE ASSETS
 March 31, 2023December 31, 2022
(Dollars in millions)Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Value
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Value
Core deposit intangibles$371 $(181)$190 $371 $(171)$200 
Client relationships32 (14)18 32 (13)19 
Other (a)27 (13)14 27 (12)15 
Total$430 $(208)$222 $430 $(196)$234 
(a)Includes non-compete covenants and purchased credit card intangible assets. Also includes state banking licenses which are not subject to amortization.