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Consolidated Statements of Changes in Equity - USD ($)
$ in Millions
Total
Adjustment
Series G
Series D
Preferred Stock
Preferred Stock
Series D
Common Stock
Common Stock
Series G
Capital Surplus
Capital Surplus
Series G
Retained Earnings
Retained Earnings
Adjustment
Retained Earnings
Series D
Total
[1]
Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2021         26,750,000                    
Beginning balance (in shares) at Dec. 31, 2021             533,577,000                
Beginning balance at Dec. 31, 2021 $ 8,494       $ 520   $ 333   $ 4,743   $ 2,891     $ (288) $ 295
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income 912                   900       12
Other comprehensive income (loss) (1,080)                         (1,080)  
Cash dividends declared:                              
Preferred stock 32                   32        
Common stock (329)                   (329)        
Preferred stock issuance (in shares)         4,936,000                    
Preferred stock issuance 494       $ 494                    
Common stock repurchased (in shares)             (577,000)                
Common stock repurchased (12)               (12)            
Common stock issued for:                              
Stock options exercised and restricted stock awards (in shares)             4,101,000                
Stock options exercised and restricted stock awards 37           $ 3   34            
Series G preferred stock conversion 0                            
Stock-based compensation expense 75               75            
Dividends declared - noncontrolling interest of subsidiary preferred stock (12)                           (12)
Ending balance (in shares) at Dec. 31, 2022         31,686,000                    
Ending balance (in shares) at Dec. 31, 2022             537,101,000                
Ending balance at Dec. 31, 2022 8,547 $ 4     $ 1,014   $ 336   4,840   3,430 $ 4   (1,368) 295
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income 916                   897       19
Other comprehensive income (loss) 180                         180  
Cash dividends declared:                              
Preferred stock 32                   32        
Common stock (335)                   (335)        
Preferred stock conversion/redemption (in shares)         (4,936,000)                    
Preferred stock conversion/redemption (494)       $ (494)                    
Common stock repurchased (in shares)             (807,000)                
Common stock repurchased (10)           $ (1)   (9)            
Common stock issued for:                              
Stock options exercised and restricted stock awards (in shares)             2,802,000                
Stock options exercised and restricted stock awards 5               5            
Series G preferred stock conversion (in shares)               19,743,000              
Series G preferred stock conversion 493   $ 493         $ 12   $ 481          
Stock-based compensation expense 36           $ 2   34            
Dividends declared - noncontrolling interest of subsidiary preferred stock (19)                           (19)
Ending balance (in shares) at Dec. 31, 2023         26,750,000                    
Ending balance (in shares) at Dec. 31, 2023             558,839,000                
Ending balance at Dec. 31, 2023 9,291 $ 8     $ 520   $ 349   5,351   3,964 $ 8   (1,188) 295
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income 794                   775       19
Other comprehensive income (loss) 60                         60  
Cash dividends declared:                              
Preferred stock 29                   29        
Common stock (329)                   (329)        
Preferred stock conversion/redemption (in shares)           (10,000,000)                  
Preferred stock conversion/redemption       $ (100)   $ (94)         (7)   $ (6)    
Common stock repurchased (in shares) [2]             (39,203,000)                
Common stock repurchased [2] (626)           $ (25)   (601)            
Common stock issued for:                              
Stock options exercised and restricted stock awards (in shares)             4,644,000                
Stock options exercised and restricted stock awards 9           $ 1   8            
Series G preferred stock conversion 0                            
Excise tax on preferred stock redemption (1)                   (1)        
Excise tax on common stock repurchased (6)               (6)            
Stock-based compensation expense 59           $ 3   56            
Dividends declared - noncontrolling interest of subsidiary preferred stock $ (19)                           (19)
Ending balance (in shares) at Dec. 31, 2024 16,750     0 16,750,000                    
Ending balance (in shares) at Dec. 31, 2024             524,280,000                
Ending balance at Dec. 31, 2024 $ 9,111       $ 426   $ 328   $ 4,808   $ 4,382     $ (1,128) $ 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] 2024 includes $604 million repurchased under FHN's general purchase programs.