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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
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) [1] $ 295
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 236       233   3
Other comprehensive income (loss) (101)         (101) [1]  
Comprehensive income (loss) 135       233 (101) [1] 3
Cash dividends declared:              
Preferred stock (8)       (8)    
Common stock (84)       (84)    
Common stock repurchased (in shares) [2]     (3,864)        
Common stock repurchased [2] (62)   $ (2) (60)      
Common stock issued for:              
Stock options exercised and restricted stock awards (in shares)     1,208        
Stock options exercised and restricted stock awards 12     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) [1] 295
Balance, beginning of period (in shares) at Dec. 31, 2021   26,750 533,577        
Balance, beginning of period at Dec. 31, 2021 8,494 $ 520 $ 333 4,743 2,891 (288) [3] 295
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 198       195   3
Other comprehensive income (loss) (424)         (424) [3]  
Comprehensive income (loss) (226)       195 (424) [3] 3
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   31,686 534,587        
Balance, end of period at Mar. 31, 2022 $ 8,696 $ 1,014 $ 334 $ 4,769 $ 2,996 $ (712) [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] Includes $59 million repurchased under share repurchase programs.
[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.