XML 21 R6.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
2024 General Purchase Program
Adjustment
Preferred Stock
Common Stock
Capital Surplus
Retained Earnings
Retained Earnings
Adjustment
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interest
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   $ 4 $ 1,014 $ 336 $ 4,840 $ 3,430 $ 4 $ (1,368) [1] $ 295
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 255           251     4
Other comprehensive income 160               160 [1]  
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) [1] 295
Preferred stock, balance, beginning of period (in shares) at Dec. 31, 2023       26,750,000            
Common stock, balance, beginning of period (in shares) at Dec. 31, 2023         558,839,000          
Balance, beginning of period at Dec. 31, 2023 9,291     $ 520 $ 349 5,351 3,964   (1,188) [2] 295
Balance, beginning of period (Accounting Standards Update 2022-02) at Dec. 31, 2023 8           8      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 197           192     5
Other comprehensive income (83)               (83) [2]  
Cash dividends declared:                    
Preferred stock (8)           (8)      
Common stock (84)           (84)      
Common stock repurchased (in shares) [3]         (11,052,000)          
Common stock repurchased (159) [3] $ (154)     $ (7) [3] (152) [3]        
Excise tax on share repurchases (2)         (2)        
Common stock issued for:                    
Stock options exercised and restricted stock awards (in shares)         850,000          
Stock options exercised and restricted stock awards 0                  
Stock-based compensation expense 18       $ 1 17        
Dividends declared - noncontrolling interest of subsidiary preferred stock $ (5)                 (5)
Preferred stock, balance, ending of period (in shares) at Mar. 31, 2024 26,750     26,750,000            
Common stock, balance, ending of period (in shares) at Mar. 31, 2024         548,637,000          
Balance, end of period at Mar. 31, 2024 $ 9,173     $ 520 $ 343 $ 5,214 $ 4,072   $ (1,271) [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.
[3] Includes $154 million repurchased under our general purchase program