Company: KEY-PI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000091576-25-000038
Chunk: 66

Company: KEYCORP /NEW/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 66
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 2025Early adoption is permitted.This guidance requires certain tax disclosures related to rate reconciliation and income taxes paid. The guidance should be applied on a prospective or retrospective basis.The guidance is not expected to have a material impact on Key’s disclosures.

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2. Earnings Per Common Share Basic earnings per share is the amount of earnings (adjusted for dividends declared on our preferred stock) available to each Common Share outstanding during the reporting periods. Diluted earnings per share is the amount of earnings available to each Common Share outstanding during the reporting periods adjusted to include the effects of potentially dilutive Common Shares. Potentially dilutive Common Shares include stock options and other stock-based awards. Potentially dilutive Common Shares are excluded from the computation of diluted earnings per share in the periods where the effect would be antidilutive. Our basic and diluted earnings per Common Share are calculated as follows:Year ended December 31,   Dollars in millions, except per share amounts202420232022EARNINGSIncome (loss) from continuing operations$(163)$964 $1,911 Less: Dividends on preferred stock143 143 118 Income (loss) from continuing operations attributable to Key common shareholders(306)821 1,793 Income (loss) from discontinued operations, net of taxes2 3 6 Net income (loss) attributable to Key common shareholders$(304)$824 $1,799 WEIGHTED-AVERAGE COMMON SHARESWeighted-average Common Shares outstanding (000)949,561 927,217 924,363 Effect of common share options and other stock awards(a)— 5,542 8,696 Weighted-average common shares and potential Common Shares outstanding (000) (b)949,561 932,759 933,059 EARNINGS PER COMMON SHAREIncome (loss) from continuing operations attributable to Key common shareholders$(.32)$.88 $1.94 Income (loss) from discontinued operations, net of taxes— — .01 Net income (loss) attributable to Key common shareholders (c)(.32).89 1.94 Income (loss) from continuing operations attributable to Key common shareholders — assuming dilution(.32).88 1.92 Income (loss) from discontinued operations, net of taxes — assuming dilution— — .01 Net income (loss) attributable to Key common shareholders — assuming dilution (c)(.32).88 1.93