CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Assets
Cash and due from banks	$ 1,147	$ 1,203
Interest-bearing deposits with banks	14,907	8,351
Federal funds sold and securities purchased under agreements to resell	641	445
Trading securities	1,601	1,176
Securities available for sale at fair value	8,707	8,047
Securities held to maturity (fair value of $705 and $10, respectively)	712	10
Loans held for sale (including $258 and $405 at fair value, respectively)	1,172	1,022
Loans and leases (including $— and $16 at fair value, respectively)	54,859	58,232
Allowance for loan and lease losses	(670)	(963)
Net loans and leases	54,189	57,269
Premises and equipment	665	759
Goodwill	1,511	1,511
Other intangible assets	298	354
Other assets	3,542	4,062
Total assets	89,092	84,209
Liabilities
Noninterest-bearing deposits	27,883	22,173
Interest-bearing deposits	47,012	47,809
Total deposits	74,895	69,982
Trading liabilities	426	353
Short-term borrowings	2,124	2,198
Term borrowings	1,590	1,670
Other liabilities	1,563	1,699
Total liabilities	80,598	75,902
Equity
Preferred stock, Non-cumulative perpetual, no par value; authorized 5,000,000 shares; issued 26,750 and 26,250 shares, respectively	520	470
Common stock, $0.625 par value; authorized 700,000,000 shares; issued 533,576,766 and 555,030,652 shares, respectively	333	347
Capital surplus	4,743	5,074
Retained earnings	2,891	2,261
Accumulated other comprehensive loss, net	(288)	(140)
FHN shareholders' equity	8,199	8,012
Noncontrolling interest	295	295
Total equity	8,494	8,307
Total liabilities and equity	$ 89,092	$ 84,209