XML 28 R14.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Goodwill and Other Intangible Assets | 9 Months Ended
--- | ---
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Goodwill The following is a summary of goodwill by reportable segment included in the Consolidated Balance Sheets as of September 30, 2022 and December 31, 2021.
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 |  | — |  |  | — |  |  | — |
September 30, 2022 |  | $ | 880 |  |  | $ | 631 |  |  | $ | 1,511 |
FHN performed the required annual goodwill impairment test as of October 1, 2021. The annual impairment test did not indicate impairment in any of FHN’s reporting units as of the testing date. Following the testing date, management evaluated the events and circumstances that could indicate that goodwill might be impaired and concluded that a subsequent interim test was not necessary. FHN is currently in the process of performing its annual impairment test as of October 1, 2022. Accounting estimates and assumptions were made about FHN's future performance and cash flows, as well as other prevailing market factors (e.g., interest rates, economic trends, etc.) when determining fair value as part of the goodwill impairment test. While management used the best information available to estimate future performance for each reporting unit, future adjustments to management's projections may be necessary if conditions differ substantially from the assumptions used in making the estimates. Other intangible assets The following table, which excludes fully amortized intangibles, presents other intangible assets included in the Consolidated Balance Sheets:
OTHER INTANGIBLE ASSETS
|  | September 30, 2022 |  | December 31, 2021
(Dollars in millions) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
Core deposit intangibles |  | $ | 371 |  |  | $ | (161) |  |  | $ | 210 |  |  | $ | 371 |  |  | $ | (128) |  |  | $ | 243 |
Client relationships |  | 32 |  |  | (12) |  |  | 20 |  |  | 37 |  |  | (11) |  |  | 26 |
Other (a) |  | 27 |  |  | (11) |  |  | 16 |  |  | 41 |  |  | (12) |  |  | 29 |
Total |  | $ | 430 |  |  | $ | (184) |  |  | $ | 246 |  |  | $ | 449 |  |  | $ | (151) |  |  | $ | 298 |
(a)Includes non-compete covenants and purchased credit card intangible assets. Also includes title plant intangible assets and state banking licenses which are not subject to amortization.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration