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Stock Options, Restricted Stock, and Dividend Reinvestment Plans (Tables) | 12 Months Ended
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Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Restricted and Performance Stock Activity | A summary of restricted and performance stock and unit activity during the year ended December 31, 2023, is presented below: Table 8.18.1 RESTRICTED AND PERFORMANCE EQUITY AWARD ACTIVITY
|  | Shares/ Units (a) |  | Weighted average grant date fair value (per share) (b)
January 1, 2023 |  | 13,033,646 |  |  | $ | 17.09 |
Shares/units granted |  | 4,558,402 |  |  | 16.08 |
Shares/units vested/distributed |  | (2,880,586) |  |  | 11.41 |
Shares/units canceled (c) |  | (3,393,758) |  |  | 22.43 |
December 31, 2023 |  | 11,317,704 |  |  | $ | 15.89 |
(a)Includes only units that settle in shares; nonvested performance units are included at 100% payout level. (b)The weighted average grant date fair value for shares/units granted in 2022 and 2021 was $17.09 and $13.14, respectively. (c)Includes 3,198,257 retention grants canceled in connection with the TD merger termination; replacement retention grants issued settle in cash upon vesting and are excluded from this disclosure.
Schedule of Stock Options | The summary of stock option activity for the year ended December 31, 2023, is shown below: Table 8.18.2 STOCK OPTION ACTIVITY
|  | Options Outstanding |  | Weighted Average Exercise Price (per share) |  | Weighted Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value (millions)
January 1, 2023 |  | 2,437,446 |  |  | $ | 15.72 |  |  |  |  |
Options granted |  | — |  |  | — |  |  |  |  |
Options exercised |  | (393,560) |  |  | 13.49 |  |  |  |  |
Options expired/canceled |  | (144,918) |  |  | 14.05 |  |  |  |  |
December 31, 2023 |  | 1,898,968 |  |  | $ | 16.31 |  |  | 2.87 |  | $ | — |
Options exercisable |  | 1,617,760 |  |  | 16.44 |  |  | 2.62 |  | — |
Options expected to vest |  | 281,208 |  |  | 15.53 |  |  | 4.33 |  | — |
Schedule of Assumptions to Estimate the Fair Value of Stock Options | FHN used the Black-Scholes Option Pricing Model to estimate the fair value of stock options granted or converted in 2021 and with the following assumptions: Table 8.18.3 STOCK OPTION FAIR VALUE ASSUMPTIONS
|  |  |  | 2021 |  |
Expected dividend yield |  |  |  | 4.16% |  |
Expected weighted-average lives of options granted |  |  |  | 6.29 years |  |
Expected weighted-average volatility |  |  |  | 38.44% |  |
Expected volatility range |  |  |  | 37.86% - 39.02% |  |
Risk-free interest rate |  |  |  | 0.62% |  |

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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