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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
Preferred Stock
Series G
Series G
Common Stock
Series G
Capital Surplus
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) [1] $ 295        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 198       195   3        
Other comprehensive income (loss) (423)         (423) [1]          
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 8,697 $ 1,014 $ 334 4,769 2,996 (711) [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) [1] 295        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 374                    
Other comprehensive income (loss) (675)                    
Cash dividends declared:                      
Preferred stock (16)                    
Common stock issued for:                      
Series G preferred stock conversion 0                    
Balance, ending of period (in shares) at Jun. 30, 2022   31,686 536,333                
Balance, end of period at Jun. 30, 2022 8,551 $ 1,014 $ 335 4,791 3,079 (963) [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) [1] 295        
Balance, ending of period (in shares) at Dec. 31, 2022   31,686 537,101                
Balance, end of period at Dec. 31, 2022 8,547 $ 1,014 $ 336 4,840 3,430 (1,368) [2] 295        
Balance, end of period (Accounting Standards Update 2022-02) at Dec. 31, 2022 $ 4       4            
Common stock issued for:                      
Accounting Standards Update [Extensible List] Accounting Standards Update 2022-02                    
Balance, beginning of period (in shares) at Mar. 31, 2022   31,686 534,587                
Balance, beginning of period at Mar. 31, 2022 $ 8,697 $ 1,014 $ 334 4,769 2,996 (711) [1] 295        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 177       174   3        
Other comprehensive income (loss) (252)         (252) [1]          
Cash dividends declared:                      
Preferred stock (8)       (8)            
Common stock (83)       (83)            
Common stock repurchased (in shares)     (334)                
Common stock repurchased (8)   $ (1) (7)              
Common stock issued for:                      
Stock options exercised and restricted stock awards (in shares)     2,080                
Stock options exercised and restricted stock awards 13   $ 2 11              
Stock-based compensation expense 18     18              
Dividends declared - noncontrolling interest of subsidiary preferred stock (3)           (3)        
Balance, ending of period (in shares) at Jun. 30, 2022   31,686 536,333                
Balance, end of period at Jun. 30, 2022 8,551 $ 1,014 $ 335 4,791 3,079 (963) [1] 295        
Balance, beginning of period (in shares) at Dec. 31, 2022   31,686 537,101                
Balance, beginning of period at Dec. 31, 2022 8,547 $ 1,014 $ 336 4,840 3,430 (1,368) [2] 295        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 255       251   4        
Other comprehensive income (loss) 160         160 [2]          
Cash dividends declared:                      
Preferred stock (8)       (8)            
Common stock (82)       (82)            
Call of preferred stock (in shares)               (4,936)      
Call of preferred stock (494)             $ (494)      
Common stock repurchased (in shares)     (159)                
Common stock repurchased (4)     (4)              
Common stock issued for:                      
Stock options exercised and restricted stock awards (in shares)     677                
Stock options exercised and restricted stock awards 5     5              
Stock-based compensation expense 22     22              
Dividends declared - noncontrolling interest of subsidiary preferred stock (4)           (4)        
Balance, ending of period (in shares) at Mar. 31, 2023   31,686 537,619                
Balance, end of period at Mar. 31, 2023 $ 8,895 $ 1,014 $ 336 4,863 3,595 (1,208) [2] 295        
Common stock issued for:                      
Accounting Standards Update [Extensible List] Accounting Standards Update 2022-02                    
Balance, beginning of period (in shares) at Dec. 31, 2022   31,686 537,101                
Balance, beginning of period at Dec. 31, 2022 $ 8,547 $ 1,014 $ 336 4,840 3,430 (1,368) [2] 295        
Balance, beginning of period (Accounting Standards Update 2022-02) at Dec. 31, 2022 4       4            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 585                    
Other comprehensive income (loss) 9                    
Cash dividends declared:                      
Preferred stock (16)                    
Common stock issued for:                      
Series G preferred stock conversion 493                    
Balance, ending of period (in shares) at Jun. 30, 2023   26,750 558,659                
Balance, end of period at Jun. 30, 2023 8,960 $ 520 $ 349 5,325 3,830 (1,359) [2] 295        
Balance, beginning of period (in shares) at Mar. 31, 2023   31,686 537,619                
Balance, beginning of period at Mar. 31, 2023 8,895 $ 1,014 $ 336 4,863 3,595 (1,208) [2] 295        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 329       325   4        
Other comprehensive income (loss) (151)         (151) [2]          
Cash dividends declared:                      
Preferred stock (8)       (8)            
Common stock (82)       (82)            
Common stock repurchased (in shares)     (575)                
Common stock repurchased (5)   $ 0 (5)              
Common stock issued for:                      
Stock options exercised and restricted stock awards (in shares)     1,872                
Stock options exercised and restricted stock awards 0                    
Series G preferred stock conversion to common stock (in shares)                   19,743  
Series G preferred stock conversion                 $ 493 $ 12 $ 481
Stock-based compensation expense (13)   $ 1 (14)              
Dividends declared - noncontrolling interest of subsidiary preferred stock (4)           (4)        
Balance, ending of period (in shares) at Jun. 30, 2023   26,750 558,659                
Balance, end of period at Jun. 30, 2023 $ 8,960 $ 520 $ 349 $ 5,325 $ 3,830 $ (1,359) [2] $ 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] 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.