Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 250

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 250
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Equity investmentsDirect$2 $— $— (c)$— $— $— $— $— $— $2 $— Loans, net of unearned income (residential)9 — — — — — — — 2 11 — Derivative instruments (a)Interest rate(2)— (6)(d)1 — — — 1 (e) 4 (e) (2)— Other (b)2 — — — — — (1)— — 1 — Three months ended June 30, 2024Other investmentsEquity investmentsDirect$2 $— $— (c)$— $— $— $— $— $— $2 $— Loans, net of unearned income (residential)9 — — — — — — — 2 11 — Derivative instruments (a)Interest rate— — (2)(d)— — — — (1)(e) 1 (e) (2)— Other (b)2 — — — — — (1)— — 1 — (a)Amounts represent Level 3 derivative assets less Level 3 derivative liabilities.(b)Amounts represent Level 3 interest rate lock commitments.(c)Realized and unrealized gains and losses on principal investments are reported in “other income” on the income statement. (d)Realized and unrealized gains and losses on derivative instruments are reported in “corporate services income” and “other income” on the income statement.(e)Certain derivatives previously classified as Level 2 were transferred to Level 3 and vice versa based upon changes in the significance of unobservable inputs. Assets and Liabilities Measured at Fair Value on a Nonrecurring BasisCertain assets and liabilities are measured at fair value on a nonrecurring basis in accordance with GAAP. The adjustments to fair value generally result from the application of accounting guidance that requires assets and liabilities to be recorded at the lower of cost or fair value, or assessed for impairment. For more information on the valuation techniques used to measure classes of assets and liabilities measured at fair value on a nonrecurring basis, refer to Note 6 (“Fair Value Measurements”)