XML 78 R39.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Premises, Equipment, and Leases (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Property, Plant and Equipment [Abstract] |
Schedule of Premises and Equipment | Premises and equipment was comprised of the following at December 31, 2023 and 2022: Table 8.5.1 PREMISES & EQUIPMENT
(Dollars in millions) |  | December 31, 2023 |  | December 31, 2022
Land |  | $ | 163 |  |  | $ | 163 |
Buildings |  | 554 |  |  | 544 |
Leasehold improvements |  | 84 |  |  | 82 |
Furniture, fixtures, and equipment |  | 295 |  |  | 277 |
Fixed assets held for sale (a) |  | — |  |  | 1 |
Total premises and equipment |  | 1,096 |  |  | 1,067 |
Less accumulated depreciation and amortization |  | (506) |  |  | (455) |
Premises and equipment, net |  | $ | 590 |  |  | $ | 612 |
(a) Primarily comprised of land and buildings.
Schedule of Lease Liabilities Included in the Consolidated Balance Sheet | The following table provides details of the classification of FHN's right-of-use assets and lease liabilities included in the Consolidated Balance Sheets. Table 8.5.2 RIGHT-OF-USE ASSETS & LEASE LIABILITIES
(Dollars in millions) |  | December 31, 2023 |  | December 31, 2022
Lease right-of-use assets: | Classification |  |  |
Operating lease right-of-use assets | Other assets | $ | 306 |  |  | $ | 331 |
Finance lease right-of-use assets | Other assets | 3 |  |  | 3 |
Total lease right-of-use assets |  | $ | 309 |  |  | $ | 334 |
Lease liabilities: |  |  |  |
Operating lease liabilities | Other liabilities | $ | 342 |  |  | $ | 367 |
Finance lease liabilities | Other liabilities | 3 |  |  | 4 |
Total lease liabilities |  | $ | 345 |  |  | $ | 371 |
Schedule of Components of Lease Expense, Other Information, and Supplemental Cash Flow | The following table details the weighted average remaining lease term and discount rate for FHN's operating and finance leases as of December 31, 2023 and 2022. Table 8.5.3 REMAINING LEASE TERMS & DISCOUNT RATES
| December 31, 2023 |  | December 31, 2022 |  |
Weighted Average Remaining Lease Terms |  |  |  |  |
Operating leases | 11.79 years |  | 12.22 years |  |
Finance leases | 9.15 years |  | 9.83 years |  |
Weighted Average Discount Rate |  |  |  |  |
Operating leases | 2.84 | % |  | 2.69 | % |  |
Finance leases | 2.39 | % |  | 2.62 | % |  |
The following table provides a detail of the components of lease expense and other lease information for the years ended December 31, 2023, 2022, and 2021: Table 8.5.4 LEASE EXPENSE & OTHER INFORMATION
(Dollars in millions) | 2023 |  | 2022 |  | 2021
Lease cost |  |  |  |  |
Operating lease cost | $ | 45 |  |  | $ | 47 |  |  | $ | 48 |
Sublease income | (2) |  |  | (2) |  |  | (1) |
Total lease cost | $ | 43 |  |  | $ | 45 |  |  | $ | 47 |
Other information |  |  |  |  |
(Gain) loss on right-of-use asset impairment - operating leases | $ | 1 |  |  | $ | 1 |  |  | $ | 3 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash flows from operating leases | 46 |  |  | 50 |  |  | 53 |
Right-of-use assets obtained in exchange for new lease obligations: |  |  |  |  |
Operating leases | 11 |  |  | 31 |  |  | 19 |
Schedule of Maturity of Lease Liabilities, Operating | The following table provides a detail of the maturities of FHN's operating and finance lease liabilities as of December 31, 2023: Table 8.5.5 LEASE LIABILITY MATURITIES
(Dollars in millions) | December 31, 2023
2024 | $ | 44 |
2025 | 43 |
2026 | 42 |
2027 | 41 |
2028 | 35 |
2029 and thereafter | 204 |
Total lease payments | 409 |
Less lease liability interest | (64) |
Total lease liability | $ | 345 |
Schedule of Maturity of Lease Liabilities, Finance | The following table provides a detail of the maturities of FHN's operating and finance lease liabilities as of December 31, 2023: Table 8.5.5 LEASE LIABILITY MATURITIES
(Dollars in millions) | December 31, 2023
2024 | $ | 44 |
2025 | 43 |
2026 | 42 |
2027 | 41 |
2028 | 35 |
2029 and thereafter | 204 |
Total lease payments | 409 |
Less lease liability interest | (64) |
Total lease liability | $ | 345 |
Schedule of Lease Net Investments | The components of the Company’s net investment in leases as of December 31, 2023 and 2022 were as follows: Table 8.5.6 LEASE NET INVESTMENTS
(Dollars in millions) | December 31, 2023 |  | December 31, 2022
Lease receivable | $ | 1,143 |  |  | $ | 984 |
Unearned income | (244) |  |  | (198) |
Guaranteed residual | 147 |  |  | 121 |
Unguaranteed residual | 189 |  |  | 153 |
Total net investment | $ | 1,235 |  |  | $ | 1,060 |
Schedule of Maturity of Lease Receivables as Lessor | Maturities of the Company's lease receivables as of December 31, 2023 were as follows: Table 8.5.7 LEASE RECEIVABLE MATURITIES
(Dollars in millions) | December 31, 2023
2024 | $ | 214 |
2025 | 193 |
2026 | 168 |
2027 | 132 |
2028 | 98 |
2029 and thereafter | 338 |
Total future minimum lease payments | $ | 1,143 |

X
- Definition Assets And Liabilities, Lessee [Table Text Block] + References No definition available. + Details
Name: | fhn_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix: | fhn_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Net Investment in Lease + References No definition available. + Details
Name: | fhn_NetInvestmentInLeaseTableTextBlock
Namespace Prefix: | fhn_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479773/842-30-50-12 + Details
Name: | us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration