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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
shares in Thousands, $ in Millions
Total
Preferred Stock
Common Stock
Capital Surplus
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interest
Preferred Stock
Balance, beginning of period (in shares) at Dec. 31, 2021     533,577         26,750
Balance, beginning of period at Dec. 31, 2021 $ 8,494   $ 333 $ 4,743 $ 2,891 $ (288) [1] $ 295 $ 520
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 198       195   3  
Other comprehensive income (loss) (424)         (424) [1]    
Cash dividends declared:                
Preferred stock (8)       (8)      
Common stock (82)       (82)      
Preferred stock issuance (in shares)   4,936            
Preferred stock issuance 494 $ 494            
Common stock repurchased (in shares)     (120)          
Common stock repurchased (2)     (2)        
Common stock issued for:                
Stock options exercised and restricted stock awards (in shares)     1,130          
Stock options exercised and restricted stock awards 15   $ 1 14        
Stock-based compensation expense 14     14        
Dividends declared - noncontrolling interest of subsidiary preferred stock (3)           (3)  
Balance, ending of period (in shares) at Mar. 31, 2022     534,587         31,686
Balance, end of period at Mar. 31, 2022 8,696   $ 334 4,769 2,996 (712) [1] 295 $ 1,014
Balance, beginning of period (in shares) at Dec. 31, 2021     533,577         26,750
Balance, beginning of period at Dec. 31, 2021 8,494   $ 333 4,743 2,891 (288) [1] 295 $ 520
Balance, ending of period (in shares) at Dec. 31, 2022     537,101         31,686
Balance, end of period at Dec. 31, 2022 8,547   $ 336 4,840 3,430 (1,368) [2] 295 $ 1,014
Balance, end of period (Accounting Standards Update 2022-02) at Dec. 31, 2022 $ 4       4      
Common stock issued for:                
Accounting Standards Update [Extensible List] Accounting Standards Update 2022-02              
Net income $ 255       251   4  
Other comprehensive income (loss) 160         160 [2]    
Preferred stock (8)       (8)      
Common stock (82)       (82)      
Common stock repurchased (in shares)     (159)          
Common stock repurchased (4)     (4)        
Stock options exercised and restricted stock awards (in shares)     677          
Stock options exercised and restricted stock awards 5     5        
Stock-based compensation expense 22     22        
Dividends declared - noncontrolling interest of subsidiary preferred stock (4)           (4)  
Balance, ending of period (in shares) at Mar. 31, 2023     537,619         31,686
Balance, end of period at Mar. 31, 2023 $ 8,895   $ 336 $ 4,863 $ 3,595 $ (1,208) [2] $ 295 $ 1,014
[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] 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.