Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 104

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 2
Chunk 104
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 shown in the following table:Level 3 Asset (Liability) Valuation TechniqueSignificantUnobservable InputRange (Weighted-Average) (a), (b)Dollars in millionsJune 30, 2025December 31, 2024June 30, 2025December 31, 2024Recurring    Loans, net of unearned income (residential)$11 $10 Market comparable pricingComparability factor76.61 - 99.00% (84.65%)68.00-95.00% (77.48%)Derivative instruments:Interest rate2 (4)Discounted cash flowsProbability of default.02 - 100% (4.70%).02 - 100% (5.00%)Loss given default0 - 1 (.484)0 - 1 (.500)Insignificant level 3 assets, net of liabilities(c)5 2 Nonrecurring   Collateral-dependent loans129 152 Fair value of collateralCredit and liquidity discount0  - 100.00% (49.00%)0  - 100.00% (33.00%)Loans held for sale19 — Market comparable pricingComparability factorN/MN/AAccrued income and other assets: (d)OREO and other Level 3 assets9 14 Appraised valueAppraised valueN/MN/M(a)The weighted average of significant unobservable inputs is calculated using a weighting relative to fair value.(b)For significant unobservable inputs with no range, a single figure is reported to denote the single quantitative factor used.(c)Represents the aggregate amount of Level 3 assets and liabilities measured at fair value on a recurring basis that are individually and in the aggregate insignificant. The amount includes certain equity investments and certain financial derivative assets and liabilities.(d)Excludes $2 million pertaining to mortgage servicing assets measured on a nonrecurring basis as of June 30, 2025. Refer to Note 8 (“Mortgage Servicing Assets”) for significant unobservable inputs pertaining to these assets.

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Fair Value Disclosures of Financial InstrumentsThe levels in the fair value hierarchy ascribed to our financial instruments and the related carrying amounts at June 30, 2025, and December 31, 2024, are shown in the following tables. Assets and liabilities are further arranged by measurement category. June 30, 2025  Fair Value