Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 98

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 2
Chunk 98
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839 $107 $773 $— $880 Derivative liabilities:Interest rate— 574 — 574 — 965 — 965 Foreign exchange51 45 — 96 85 32 — 117 Commodity— 263 — 263 — 343 — 343 Credit— 8 — 8 — — — — Other— 30 — 30 — 14 — 14 Derivative liabilities51 920 — 971 85 1,354 — 1,439 Netting adjustments (b)— — — (334)— — — (411)Total derivative liabilities51 920 — 637 85 1,354 — 1,028 Total liabilities on a recurring basis at fair value$535 $1,275 $— $1,476 $192 $2,127 $— $1,908 (a)Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheet.(b)Netting adjustments represent the amounts recorded to convert our derivative assets and liabilities from a gross basis to a net basis in accordance with the applicable accounting guidance. The net basis takes into account the impact of bilateral collateral and master netting agreements that allow us to settle all derivative contracts with a single counterparty on a net basis and to offset the net derivative position with the related cash collateral. Total derivative assets and liabilities include these netting adjustments.The following table presents the fair value of our indirect principal investments and related unfunded commitments at September 30, 2025, as well as financial support provided for the three and nine months ended September 30, 2025, and September 30, 2024.

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   Financial support provided   Three months ended September 30,Nine months ended September 30, September 30, 20252025202420252024Dollars in millionsFairValueUnfundedCommitmentsFundedCommitmentsFundedOtherFundedCommitmentsFundedOtherFundedCommitmentsFundedOtherFundedCommitmentsFundedOtherINVESTMENT TYPEIndirect investments (measured at NAV) (