Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Gross Goodwill and Accumulated Impairment Losses and Write-Offs Detailed By Reportable Segments

The following is a summary of goodwill by reportable segment included in the Consolidated Balance Sheets as of December 31, 2023:

Table 8.6.1

GOODWILL

(Dollars in millions)	Regional Banking		Specialty Banking		Total
December 31, 2020	$	880	$	631	$	1,511
Additions	—		—		—
December 31, 2021	$	880	$	631	$	1,511
Additions	—		—		—
December 31, 2022	$	880	$	631	$	1,511
Additions	—		—		—
Divestitures (a)	—		(1)		(1)
December 31, 2023	$	880	$	630	$	1,510

(a) Reduction in goodwill is related to the divestiture of FHN Financial Main Street Advisors assets in December 2023.

Schedule of Intangible Assets and Accumulated Amortization Included In The Consolidated Statements of Condition

The following table, which excludes fully amortized intangibles, presents other intangible assets included in the Consolidated Balance Sheets:

Table 8.6.2

OTHER INTANGIBLE ASSETS

	December 31, 2023						December 31, 2022
(Dollars in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value		Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
Core deposit intangibles	$	368	$	(208)	$	160	$	371	$	(171)	$	200
Client relationships	32		(16)		16		32		(13)		19
Other (a)	27		(17)		10		27		(12)		15
Total	$	427	$	(241)	$	186	$	430	$	(196)	$	234

(a)Includes non-compete covenants and purchased credit card intangible assets. Also includes state banking licenses which are not subject to amortization.

Schedule of Estimated Aggregate Amortization Expense for Intangible Assets

The following table shows the aggregated amortization expense estimated, as of December 31, 2023, for the next five years:

Table 8.6.3

ESTIMATED AMORTIZATION EXPENSE

(Dollars in millions)
2024	$	44
2025	38
2026	33
2027	29
2028	17