v3.25.4
Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2025
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 PlansNon-qualified PlansTotal
 202520242025202420252024
 (In millions)
Change in benefit obligation
Projected benefit obligation, beginning of year$1,536 $1,644 $74 $82 $1,610 $1,726 
Service cost19 22 — 1 19 23 
Interest cost81 82 4 4 85 86 
Actuarial (gains) losses 33 (52)3 3 36 (49)
Benefit payments (155)(157)(7)(7)(162)(164)
Administrative expenses(3)(3)— — (3)(3)
Plan settlements— — (6)(9)(6)(9)
Projected benefit obligation, end of year$1,511 $1,536 $68 $74 $1,579 $1,610 
Change in plan assets
Fair value of plan assets, beginning of year$1,874 $1,936 $— $— $1,874 $1,936 
Actual return on plan assets161 98 — — 161 98 
Company contributions— — 13 16 13 16 
Benefit payments (155)(157)(7)(7)(162)(164)
Administrative expenses(3)(3)— — (3)(3)
Plan settlements— — (6)(9)(6)(9)
Fair value of plan assets, end of year$1,877 $1,874 $— $— $1,877 $1,874 
Funded status and accrued benefit (cost) at measurement date$366 $338 $(68)$(74)$298 $264 
Amount recognized in the Consolidated Balance Sheets:
Other assets$366 $338 $— $— $366 $338 
Other liabilities— — (68)(74)(68)(74)
$366 $338 $(68)$(74)$298 $264 
Pre-tax amounts recognized in Accumulated Other Comprehensive (Income) Loss:
Net actuarial loss $502 $529 $24 $26 $526 $555 
Components Of Net Periodic Benefit Costs Net periodic pension cost included the following components for the years ended December 31:
Qualified PlansNon-qualified PlansTotal
202520242023202520242023202520242023
(In millions)
Service cost$19 $22 $21 $— $1 $1 $19 $23 $22 
Interest cost818286 4 4 6 85 86 92 
Expected return on plan assets(123)(124)(120)— — — (123)(124)(120)
Amortization of actuarial loss232524 2 3 4 25 28 28 
Settlement charge— — — 3 3 17 3 3 17 
Net periodic pension cost
$— $5 $11 $9 $11 $28 $9 $16 $39 
Schedule of Assumptions Used
The assumptions used to determine benefit obligations at December 31 are as follows:
 Qualified PlansNon-qualified Plans
 2025202420252024
Discount rate5.52 %5.67 %5.11 %5.49 %
Rate of annual compensation increase3.60 %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 PlansNon-qualified Plans
 202520242023202520242023
Discount rate5.68 %5.15 %5.42 %5.49 %5.09 %5.42 %
Expected long-term rate of return on plan assets6.85 %6.61 %6.37 %N/AN/AN/A
Rate of annual compensation increase4.00 %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:
 20252024
 Level 1Level 2Level 3Fair ValueLevel 1Level 2Level 3Fair Value
 (In millions)
Cash and cash equivalents$30 $— $— $30 $27 $— $— $27 
Fixed income securities:
U.S. Treasury securities$508 $— $— $508 $362 $— $— $362 
Federal agency securities— 3 — 3 — 11 — 11 
Corporate bonds and other debt— 527 — 527 — 606 — 606 
Total fixed income securities$508 $530 $— $1,038 $362 $617 $— $979 
Domestic equity securities
$128 $— $— $128 $124 $— $— $124 
International mutual funds$100 $— $— $100 $90 $— $— $90 
Total assets in the fair value hierarchy$766 $530 $— $1,296 $603 $617 $— $1,220 
Collective trust funds:
Fixed income fund (1)
$102 $117 
Common stock fund (1)
114 126 
International fund (1)
93 120 
Total collective trust funds$309 $363 
Real estate funds measured at NAV (1)
94 119 
Private equity funds measured at NAV (1)
178 172 
$1,877 $1,874 
__________
(1)In accordance with accounting guidance, investments that are measured at fair value using the NAV per share (or its equivalent) practical expedient are not required to be classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of amounts reported in the fair value hierarchy to amounts reported on the balance sheet.
Information About The Expected Cash Flows For The Qualified Pension Plan
Information about the expected cash flows for the qualified and non-qualified plans is as follows:
Qualified PlansNon-qualified Plans
 (In millions)
Expected Employer Contributions:
2026$— $— 
Expected Benefit Payments:
2026$120 $7 
2027123 7 
2028120 7 
2029117 7 
2030115 7 
Next five years549 28