Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 58

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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 financial derivative liabilities6 — — 6 Total derivative liabilities800 — 794 6 Deferred compensation plan liabilities91 91 — — Total liabilities at fair value$891 $91 $794 $6 (a)Issued and/or guaranteed by U.S. government agencies or U.S. government-sponsored enterprises.    There were no transfers of assets or liabilities recorded at fair value on a recurring basis into or out of Level 3 fair value measurements during the three- and nine-month periods ended September 30, 2025 and 2024.

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Table of ContentsNotes to Consolidated Financial Statements (unaudited)Comerica Incorporated and Subsidiaries

The following table summarizes the changes in Level 3 assets and liabilities measured at fair value on a recurring basis for the three- and nine-month periods ended September 30, 2025 and 2024.Net Realized/Unrealized Losses (Pretax) Recorded in Earnings (a)(in millions)Balance at Beginning of PeriodRealizedUnrealizedBalance at End of PeriodThree Months Ended September 30, 2025Derivative liabilities:Other financial derivative liabilities$(10)$— $— $(10)Three Months Ended September 30, 2024Derivative liabilities:Other financial derivative liabilities(6)— (5)(11)Nine Months Ended September 30, 2025Derivative liabilities:Other financial derivative liabilities(6)— (4)(10)Nine Months Ended September 30, 2024Derivative liabilities:Other financial derivative liabilities(12)6 (5)(11)(a)Realized and unrealized gains and losses due to changes in fair value are recorded in other noninterest income on the Consolidated Statements of Comprehensive Income.Assets and Liabilities Recorded at Fair Value on a Nonrecurring BasisThe Corporation may be required to record certain assets and liabilities at fair value on a nonrecurring basis. These include assets that are recorded at the lower of cost or fair value and were recognized at fair value since it was less than cost at the end of the period. 

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Table of ContentsNotes to Consolidated Financial Statements (unaudited)Comerica Incorporated and Subsidiaries

The following table presents assets recorded at fair value on a nonrecurring basis at September 30, 2025 and December 31, 2024. No liabilities were recorded at fair value on a nonrecurring basis