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Goodwill and Other Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Goodwill by Reportable Segment | The following is a summary of goodwill by reportable segment included in the Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023.
GOODWILL
(Dollars in millions) |  | Regional Banking |  | Specialty Banking |  | Total
December 31, 2022 (a) |  | $ | 825 |  |  | $ | 686 |  |  | $ | 1,511 |
Additions |  | — |  |  | — |  |  | — |
Divestitures (b) |  | — |  |  | (1) |  |  | (1) |
December 31, 2023 |  | $ | 825 |  |  | $ | 685 |  |  | $ | 1,510 |
Additions |  | — |  |  | — |  |  | — |
Divestitures |  | — |  |  | — |  |  | — |
March 31, 2024 |  | $ | 825 |  |  | $ | 685 |  |  | $ | 1,510 |
(a)FHN reorganized its internal management structure and reallocated goodwill in its reportable segments effective January 1, 2024. Prior periods have been revised to reflect this reallocation. (b)Reduction in goodwill is related to the divestiture of FHN Financial Main Street Advisors assets in December 2023.
Summary of Intangible Assets and Accumulated Amortization Included in the Consolidated Statements of Condition | The following table, which excludes fully amortized intangibles, presents other intangible assets included in the Consolidated Balance Sheets:
OTHER INTANGIBLE ASSETS
|  | March 31, 2024 |  | December 31, 2023
(Dollars in millions) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
Core deposit intangibles |  | $ | 368 |  |  | $ | (218) |  |  | $ | 150 |  |  | $ | 368 |  |  | $ | (208) |  |  | $ | 160 |
Client relationships |  | 32 |  |  | (16) |  |  | 16 |  |  | 32 |  |  | (16) |  |  | 16 |
Other (a) |  | 27 |  |  | (18) |  |  | 9 |  |  | 27 |  |  | (17) |  |  | 10 |
Total |  | $ | 427 |  |  | $ | (252) |  |  | $ | 175 |  |  | $ | 427 |  |  | $ | (241) |  |  | $ | 186 |
(a)Includes non-compete covenants and purchased credit card intangible assets. Also includes state banking licenses which are not subject to amortization.

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