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Stock Options, Restricted Stock, and Dividend Reinvestment Plans (Tables)
 12 Months Ended
Dec. 31, 2023
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, 2023, is presented below:
Table 8.18.1
RESTRICTED AND PERFORMANCE EQUITY AWARD ACTIVITY
Shares/
Units (a)		Weighted average
grant date fair value
(per share) (b)
January 1, 202313,033,646 $17.09 
Shares/units granted4,558,402 16.08 
Shares/units vested/distributed(2,880,586)11.41 
Shares/units canceled (c)(3,393,758)22.43 
December 31, 202311,317,704 $15.89 
(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 2022 and 2021 was $17.09 and $13.14, respectively.
(c)Includes 3,198,257 retention grants canceled in connection with the TD merger termination; replacement retention grants issued settle in cash upon vesting and are excluded from this disclosure.
Schedule of Stock Options
The summary of stock option activity for the year ended December 31, 2023, is shown below:
Table 8.18.2
STOCK OPTION ACTIVITY
Options
Outstanding		Weighted
Average
Exercise Price
(per share)		Weighted Average
Remaining
Contractual Term
(years)		Aggregate
Intrinsic Value
(millions)
January 1, 20232,437,446 $15.72   
Options granted— —   
Options exercised(393,560)13.49   
Options expired/canceled(144,918)14.05   
December 31, 20231,898,968 $16.31 2.87$— 
Options exercisable1,617,760 16.44 2.62— 
Options expected to vest281,208 15.53 4.33— 
Schedule of Assumptions to Estimate the Fair Value of Stock Options
FHN used the Black-Scholes Option Pricing Model to estimate the fair value of stock options granted or converted in 2021 and with the following assumptions:
Table 8.18.3
STOCK OPTION FAIR VALUE ASSUMPTIONS
2021
Expected dividend yield4.16%
Expected weighted-average lives of options granted6.29 years
Expected weighted-average volatility38.44%
Expected volatility range
37.86% - 39.02%
Risk-free interest rate0.62%