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Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2024

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]

Schedule of Defined Benefit Plans Disclosures

The following table sets forth the plans’ change in benefit obligation, plan assets and funded status, using a December 31 measurement date, and amounts recognized in the consolidated balance sheets at December 31:

			Qualified Plans												Non-qualified Plans												Total
			2024						2023						2024						2023						2024						2023
			(In millions)
Change in benefit obligation
Projected benefit obligation, beginning of year			$	1,644					$	1,623					$	82					$	127					$	1,726					$	1,750
Service cost			22						21						1						1						23						22
Interest cost			82						86						4						6						86						92
Actuarial (gains) losses			(52)						49						3						14						(49)						63
Benefit payments			(157)						(132)						(7)						(8)						(164)						(140)
Administrative expenses			(3)						(3)						—						—						(3)						(3)
Plan settlements			—						—						(9)						(58)						(9)						(58)
Projected benefit obligation, end of year			$	1,536					$	1,644					$	74					$	82					$	1,610					$	1,726
Change in plan assets
Fair value of plan assets, beginning of year			$	1,936					$	1,970					$	—					$	—					$	1,936					$	1,970
Actual return on plan assets			98						101						—						—						98						101
Company contributions			—						—						16						66						16						66
Benefit payments			(157)						(132)						(7)						(8)						(164)						(140)
Administrative expenses			(3)						(3)						—						—						(3)						(3)
Plan settlements			—						—						(9)						(58)						(9)						(58)
Fair value of plan assets, end of year			$	1,874					$	1,936					$	—					$	—					$	1,874					$	1,936
Funded status and accrued benefit (cost) at measurement date			$	338					$	292					$	(74)					$	(82)					$	264					$	210
Amount recognized in the Consolidated Balance Sheets:
Other assets			$	338					$	292					$	—					$	—					$	338					$	292
Other liabilities			—						—						(74)						(82)						(74)						(82)
			$	338					$	292					$	(74)					$	(82)					$	264					$	210
Pre-tax amounts recognized in Accumulated Other Comprehensive (Income) Loss:
Net actuarial loss			$	529					$	580					$	26					$	29					$	555					$	609

Components Of Net Periodic Benefit Costs

Net periodic pension cost (benefit) included the following components for the years ended December 31:

						Qualified Plans																		Non-qualified Plans																		Total
						2024						2023						2022						2024						2023						2022						2024						2023						2022
						(In millions)
Service cost						$	22					$	21					$	34					$	1					$	1					$	2					$	23					$	22					$	36
Interest cost						82						86						56						4						6						3						86						92						59
Expected return on plan assets						(124)						(120)						(139)						—						—						—						(124)						(120)						(139)
Amortization of actuarial loss						25						24						25						3						4						7						28						28						32
Settlement charge						—						—						4						3						17						2						3						17						6
Net periodic pension (benefit) cost						$	5					$	11					$	(20)					$	11					$	28					$	14					$	16					$	39					$	(6)

Schedule of Assumptions Used

The assumptions used to determine benefit obligations at December 31 are as follows:

			Qualified Plans												Non-qualified Plans
			2024						2023						2024						2023
Discount rate			5.67		%				5.15		%				5.49		%				5.08		%
Rate of annual compensation increase			4.00		%				4.00		%				3.00		%				3.00		%

The weighted-average assumptions used to determine net periodic pension (benefit) cost for the years ended December 31 are as follows:

			Qualified Plans																		Non-qualified Plans
			2024						2023						2022						2024						2023						2022
Discount rate			5.15		%				5.42		%				2.85		%				5.09		%				5.42		%				2.72		%
Expected long-term rate of return on plan assets			6.61		%				6.37		%				5.62		%				N/A						N/A						N/A
Rate of annual compensation increase			4.00		%				4.00		%				4.00		%				3.00		%				3.00		%				3.00		%

Presentation Of The Fair Value Of Regions' Qualified Defined-Benefit Pension Plans'

The following table presents the fair value of Regions’ qualified pension plans’ financial assets as of December 31:

			2024																								2023
			Level 1						Level 2						Level 3						Fair Value						Level 1						Level 2						Level 3						Fair Value
			(In millions)
Cash and cash equivalents			$	27					$	—					$	—					$	27					$	74					$	—					$	—					$	74
Fixed income securities:
U.S. Treasury securities			$	362					$	—					$	—					$	362					$	359					$	—					$	—					$	359
Federal agency securities			—						11						—						11						—						7						—						7
Corporate bonds and other debt			—						606						—						606						—						603						—						603
Total fixed income securities			$	362					$	617					$	—					$	979					$	359					$	610					$	—					$	969
Domestic equity securities			$	124					$	—					$	—					$	124					$	132					$	—					$	—					$	132
International mutual funds			$	90					$	—					$	—					$	90					$	103					$	—					$	—					$	103
Total assets in the fair value hierarchy			$	603					$	617					$	—					$	1,220					$	668					$	610					$	—					$	1,278
Collective trust funds:
Fixed income fund (1)																					$	117																							$	111
Common stock fund (1)																					126																								119
International fund (1)																					120																								117
Total collective trust funds																					$	363																							$	347
Real estate funds measured at NAV (1)																					119																								144
Private equity funds measured at NAV (1)																					172																								167
																					$	1,874																							$	1,936

__________

(1)In accordance with accounting guidance, investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient are not required to be classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of amounts reported in the fair value hierarchy to amounts reported on the balance sheet.

Information About The Expected Cash Flows For The Qualified Pension Plan

Information about the expected cash flows for the qualified and non-qualified plans is as follows:

			Qualified Plans						Non-qualified Plans
			(In millions)
Expected Employer Contributions:
2025			$	—					$	—
Expected Benefit Payments:
2025			$	123					$	8
2026			124						8
2027			126						7
2028			125						8
2029			123						8
Next five years			587						34

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Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall.

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Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate.

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