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Consolidated Statements of Changes in Equity - USD ($)
$ in Millions
Total
Series G
Preferred Stock
Common Stock
Common Stock
Series G
Capital Surplus
Capital Surplus
Series G
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2020     26,250,000              
Beginning balance (in shares) at Dec. 31, 2020       555,031,000            
Beginning 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]  
Cash dividends declared:                    
Preferred stock (32)             (32)    
Preferred stock (37)                  
Common stock (332)             (332)    
Preferred stock issuance (in shares)     1,500,000              
Preferred stock issuance 145   $ 145              
Call of preferred stock (in shares)     (1,000,000)              
Call of preferred stock (100)   $ (95)         (5)    
Common stock repurchased (in shares) [2]       (25,063,000)            
Common stock repurchased [2] (416)     $ (16)   (400)        
Common stock issued for:                    
Stock options and restricted stock awards (in shares)       3,609,000            
Stock options exercised and restricted stock awards 28     $ 2   26        
Preferred stock conversion to common stock 0                  
Stock-based compensation expense 43         43        
Dividends declared - noncontrolling interest of subsidiary preferred stock (11)                 (11)
Ending balance (in shares) at Dec. 31, 2021     26,750,000              
Ending balance (in shares) at Dec. 31, 2021       533,577,000            
Ending balance at Dec. 31, 2021 $ 8,494   $ 520 $ 333   4,743   2,891 (288) [1] 295
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Accounting Standards Update [Extensible List] Accounting Standards Update 2022-02                  
Net income $ 912             900   12
Other comprehensive income (loss) (1,080)               (1,080) [1]  
Cash dividends declared:                    
Preferred stock (32)             (32)    
Common stock (329)             (329)    
Preferred stock issuance (in shares)     4,936,000              
Preferred stock issuance 494   $ 494              
Common stock repurchased (in shares)       (577,000)            
Common stock repurchased (12)         (12)        
Common stock issued for:                    
Stock options and restricted stock awards (in shares)       4,101,000            
Stock options exercised and restricted stock awards 37     $ 3   34        
Preferred stock conversion to common stock 0                  
Stock-based compensation expense 75         75        
Dividends declared - noncontrolling interest of subsidiary preferred stock (12)                 (12)
Ending balance (in shares) at Dec. 31, 2022     31,686,000              
Ending balance (in shares) at Dec. 31, 2022       537,101,000            
Ending balance at Dec. 31, 2022 8,547   $ 1,014 $ 336   4,840   3,430 (1,368) [1] 295
Ending balance (Accounting Standards Update 2022-02) at Dec. 31, 2022 4             4    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 916             897   19
Other comprehensive income (loss) 180               180  
Cash dividends declared:                    
Preferred stock (32)             (32)    
Common stock (335)             (335)    
Call of preferred stock (in shares)     (4,936,000)              
Call of preferred stock (494)   $ (494)              
Common stock repurchased (in shares)       (807,000)            
Common stock repurchased (10)     $ (1)   (9)        
Common stock issued for:                    
Stock options and restricted stock awards (in shares)       2,802,000            
Stock options exercised and restricted stock awards 5         5        
Series G preferred stock conversion (in shares)         19,743,000          
Preferred stock conversion to common stock 493 $ 493     $ 12   $ 481      
Stock-based compensation expense 36     $ 2   34        
Dividends declared - noncontrolling interest of subsidiary preferred stock $ (19)                 (19)
Ending balance (in shares) at Dec. 31, 2023 26,750 0 26,750,000              
Ending balance (in shares) at Dec. 31, 2023       558,839,000            
Ending balance at Dec. 31, 2023 $ 9,291   $ 520 $ 349   $ 5,351   $ 3,964 $ (1,188) [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 includes $401 million repurchased under share repurchase programs.