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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
shares in Thousands, $ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Adjusted balance
Preferred Stock
Preferred Stock
Adjusted balance
Common Stock
Common Stock
Adjusted balance
Capital Surplus
Capital Surplus
Adjusted balance
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
Adjusted balance
Accumulated Other Comprehensive Income/(Loss)
Accumulated Other Comprehensive Income/(Loss)
Adjusted balance
[1]
Noncontrolling Interest
Noncontrolling Interest
Adjusted balance
Balance, beginning of period (in shares) at Dec. 31, 2019       1,000 1,000 311,469 311,469                  
Balance, beginning of period 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
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Net income 16                 13         3  
Other comprehensive income (loss) 104                       104 [1]      
Comprehensive income (loss) 120                 13     104 [1]   3  
Cash dividends declared:                                
Preferred stock (1)                 (1)            
Common stock (48)                 (48)            
Common stock repurchased (in shares)           (141)                    
Common stock repurchased (2)         $ 0   (2)                
Common stock issued for:                                
Stock options and restricted stock - equity awards (in shares)           652                    
Stock options and restricted stock - equity awards 4         $ 0   4                
Stock-based compensation expense 7             7                
Dividends declared - noncontrolling interest of subsidiary preferred stock (3)                           (3)  
Other (in shares) [2]           (117)                    
Other [2] (1)         $ 0   (1)                
Balance, ending of period (in shares) at Mar. 31, 2020       1,000   311,863                    
Balance, end of period at Mar. 31, 2020 5,056     $ 96   $ 195   2,939   1,666     (135) [1]   295  
Balance, beginning of period (in shares) at Dec. 31, 2020       26,250   555,031                    
Balance, beginning of period at Dec. 31, 2020 8,307     $ 470   $ 347   5,074   2,261     (140) [3]   295  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Net income 236                 233         3  
Other comprehensive income (loss) (101)                       (101) [3]      
Comprehensive income (loss) 135                 233     (101) [3]   3  
Cash dividends declared:                                
Preferred stock (8)                 (8)            
Common stock (84)                 (84)            
Common stock repurchased (in shares) [4]           (3,864)                    
Common stock repurchased [4] (62)         $ (2)   (60)                
Common stock issued for:                                
Stock options and restricted stock - equity awards (in shares)           1,208                    
Stock options and restricted stock - equity awards 12         $ 0   12                
Stock-based compensation expense 10             10                
Dividends declared - noncontrolling interest of subsidiary preferred stock (3)                           (3)  
Balance, ending of period (in shares) at Mar. 31, 2021       26,250   552,375                    
Balance, end of period at Mar. 31, 2021 $ 8,307     $ 470   $ 345   $ 5,036   $ 2,402     $ (241) [3]   $ 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] Represents shares canceled in connection with the resolution of remaining Capital Bank Financial Corporation ("CBF") dissenters' appraisal process.
[3] 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.
[4] Includes $59 million repurchased under share repurchase programs.