Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 183

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 183
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 other write-downs of tax credit investments for which the proportional amortization method is applied are presented on a net basis as a component of the provision for income taxes on the Consolidated Statements of Comprehensive Income, while amortization and write-downs of other tax credit investments are recorded in other noninterest income. The income tax credits and deductions are recorded as a reduction of income tax expense and a reduction of federal income taxes payable. The cash flows related to the total income tax benefits are presented in the "net income," "benefit for deferred income taxes" and "other, net" line items within the operating activities section of the Consolidated Statements of Cash Flows.The Corporation provided no financial or other support that was not contractually required to any of the above VIEs during the six months ended June 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 impact of these tax credit investments under the proportional amortization method on the Corporation’s Consolidated Statements of Comprehensive Income.Three Months Ended June 30,Six Months Ended June 30,(in millions)2025202420252024Provision for income taxes:Amortization of investments$21 $20 $43 $39 Tax credits(19)(21)(38)(38)Other income tax benefits related to tax credit entities(6)(3)(13)(8)Total provision for income taxes$(4)$(4)$(8)$(7)For further information on the Corporation’s consolidation policy, see Note 1 to the consolidated financial statements in the Corporation's 2024 Annual Report.

NOTE 8 - MEDIUM- AND LONG-TERM DEBT

Medium- and long-term debt is summarized as follows:(in millions)June 30, 2025December 31, 2024Parent companySubordinated notes:3.80% subordinated notes due 2026$246 $243 Medium- and long-term notes:4.00% notes due 2029533 519 5.982% notes due 20301,007 984 Total medium- and long-term notes1,540 1,503 Total parent company1,786 1,746 SubsidiariesSubordinated notes:4.00% subordinated notes due 2025349 345 7.875% subordinated notes due 2026155 157 5.