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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ 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
Preferred stock, balance, beginning of period (in shares) at Dec. 31, 2021   26,750,000                  
Common stock, balance, beginning of period (in shares) at Dec. 31, 2021     533,577,000                
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)   4,936,000                  
Preferred stock issuance 494 $ 494                  
Common stock repurchased (in shares)     (120,000)                
Common stock repurchased (2)     (2)              
Common stock issued for:                      
Stock options exercised and restricted stock awards (in shares)     1,130,000                
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)        
Preferred stock, balance, ending of period (in shares) at Mar. 31, 2022   31,686,000                  
Common stock, balance, ending of period (in shares) at Mar. 31, 2022     534,587,000                
Balance, end of period at Mar. 31, 2022 8,697 $ 1,014 $ 334 4,769 2,996 (711) [1] 295        
Preferred stock, balance, beginning of period (in shares) at Dec. 31, 2021   26,750,000                  
Common stock, balance, beginning of period (in shares) at Dec. 31, 2021     533,577,000                
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 642                    
Other comprehensive income (loss) (1,139)                    
Cash dividends declared:                      
Preferred stock (24)                    
Common stock issued for:                      
Series G preferred stock conversion 0                    
Preferred stock, balance, ending of period (in shares) at Sep. 30, 2022   31,686,000                  
Common stock, balance, ending of period (in shares) at Sep. 30, 2022     536,737,000                
Balance, end of period at Sep. 30, 2022 8,283 $ 1,014 $ 335 4,812 3,254 (1,427) [1] 295        
Preferred stock, balance, beginning of period (in shares) at Dec. 31, 2021   26,750,000                  
Common stock, balance, beginning of period (in shares) at Dec. 31, 2021     533,577,000                
Balance, beginning of period at Dec. 31, 2021 8,494 $ 520 $ 333 4,743 2,891 (288) [1] 295        
Preferred stock, balance, ending of period (in shares) at Dec. 31, 2022   31,686,000                  
Common stock, balance, ending of period (in shares) at Dec. 31, 2022     537,101,000                
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                    
Preferred stock, balance, beginning of period (in shares) at Mar. 31, 2022   31,686,000                  
Common stock, balance, beginning of period (in shares) at Mar. 31, 2022     534,587,000                
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)     (334,000)                
Common stock repurchased (8)   $ (1) (7)              
Common stock issued for:                      
Stock options exercised and restricted stock awards (in shares)     2,080,000                
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)        
Preferred stock, balance, ending of period (in shares) at Jun. 30, 2022   31,686,000                  
Common stock, balance, ending of period (in shares) at Jun. 30, 2022     536,333,000                
Balance, end of period at Jun. 30, 2022 8,551 $ 1,014 $ 335 4,791 3,079 (963) [1] 295        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 268       265   3        
Other comprehensive income (loss) (464)         (464) [1]          
Cash dividends declared:                      
Preferred stock (8)       (8)            
Common stock (82)       (82)            
Common stock repurchased (in shares)     (103,000)                
Common stock repurchased (3)     (3)              
Common stock issued for:                      
Stock options exercised and restricted stock awards (in shares)     507,000                
Stock options exercised and restricted stock awards 3     3              
Stock-based compensation expense 21     21              
Dividends declared - noncontrolling interest of subsidiary preferred stock (3)           (3)        
Preferred stock, balance, ending of period (in shares) at Sep. 30, 2022   31,686,000                  
Common stock, balance, ending of period (in shares) at Sep. 30, 2022     536,737,000                
Balance, end of period at Sep. 30, 2022 8,283 $ 1,014 $ 335 4,812 3,254 (1,427) [1] 295        
Preferred stock, balance, beginning of period (in shares) at Dec. 31, 2022   31,686,000                  
Common stock, balance, beginning of period (in shares) at Dec. 31, 2022     537,101,000                
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)            
Common stock repurchased (in shares)     (159,000)                
Common stock repurchased (4)     (4)              
Common stock issued for:                      
Stock options exercised and restricted stock awards (in shares)     677,000                
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)        
Preferred stock, balance, ending of period (in shares) at Mar. 31, 2023   31,686,000                  
Common stock, balance, ending of period (in shares) at Mar. 31, 2023     537,619,000                
Balance, end of period at Mar. 31, 2023 8,895 $ 1,014 $ 336 4,863 3,595 (1,208) [2] 295        
Preferred stock, balance, beginning of period (in shares) at Dec. 31, 2022   31,686,000                  
Common stock, balance, beginning of period (in shares) at Dec. 31, 2022     537,101,000                
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 727                    
Other comprehensive income (loss) (214)                    
Cash dividends declared:                      
Preferred stock (24)                    
Common stock issued for:                      
Series G preferred stock conversion $ 493                    
Preferred stock, balance, ending of period (in shares) at Sep. 30, 2023 26,750 26,750,000             0    
Common stock, balance, ending of period (in shares) at Sep. 30, 2023     558,709,000                
Balance, end of period at Sep. 30, 2023 $ 8,793 $ 520 $ 349 5,337 3,874 (1,582) [2] 295        
Preferred stock, balance, beginning of period (in shares) at Mar. 31, 2023   31,686,000                  
Common stock, balance, beginning of period (in shares) at Mar. 31, 2023     537,619,000                
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)            
Preferred stock conversion (in shares)               (4,936,000)      
Preferred stock conversion (494)             $ (494)      
Common stock repurchased (in shares)     (575,000)                
Common stock repurchased (5)   $ 0 (5)              
Common stock issued for:                      
Stock options exercised and restricted stock awards (in shares)     1,872,000                
Stock options exercised and restricted stock awards 0                    
Series G preferred stock conversion to common stock (in shares)                   19,743,000  
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)        
Preferred stock, balance, ending of period (in shares) at Jun. 30, 2023   26,750,000                  
Common stock, balance, ending of period (in shares) at Jun. 30, 2023     558,659,000                
Balance, end of period at Jun. 30, 2023 8,960 $ 520 $ 349 5,325 3,830 (1,359) [2] 295        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 142       137   5        
Other comprehensive income (loss) (223)         (223) [2]          
Cash dividends declared:                      
Preferred stock (8)       (8)            
Common stock (85)       (85)            
Common stock repurchased (in shares)     (17,000)                
Common stock repurchased 0                    
Common stock issued for:                      
Stock options exercised and restricted stock awards (in shares)     67,000                
Stock options exercised and restricted stock awards 0                    
Stock-based compensation expense 12     12              
Dividends declared - noncontrolling interest of subsidiary preferred stock $ (5)           (5)        
Preferred stock, balance, ending of period (in shares) at Sep. 30, 2023 26,750 26,750,000             0    
Common stock, balance, ending of period (in shares) at Sep. 30, 2023     558,709,000                
Balance, end of period at Sep. 30, 2023 $ 8,793 $ 520 $ 349 $ 5,337 $ 3,874 $ (1,582) [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.