Company: KEY-PI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000091576-25-000038
Chunk: 154

Company: KEYCORP /NEW/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 154
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 1,066 Balance at December 31, 2023$(4,190)$(763)$(276)$(5,229)Other comprehensive income before reclassification, net of income taxes38 (230)(30)(222)Amounts reclassified from accumulated other comprehensive income, net of income taxes (a)1,418 559 4 1,981 Net current-period other comprehensive income, net of income taxes1,456 329 (26)1,759 Balance at December 31, 2024$(2,734)$(434)$(302)$(3,470)(a)See table below for details about these reclassifications.

174

Our reclassifications out of AOCI, are as follows:Twelve Months Ended December 31,Affected Line Item in the Consolidated Statement of IncomeDollars in millions20242023Unrealized gains (losses) on available for sale securitiesRealized losses$(1,863)$(4)Other income(1,863)(4)Income (loss) from continuing operations before income taxes(445)(1)Income taxes$(1,418)$(3)Income (loss) from continuing operationsUnrealized gains (losses) on derivative financial instrumentsInterest rate$(733)$(956)Interest income — LoansInterest rate(2)(2)Interest expense — Long-term debtInterest rate— 5 Investment banking and debt placement fees(735)(953)Income (loss) from continuing operations before income taxes(176)(228)Income taxes$(559)$(725)Income (loss) from continuing operationsNet pension and postretirement benefit costsAmortization of losses$(8)$(8)Other expenseSettlement loss— (18)Other expenseAmortization of prior service credit1 1 Other expense(7)(25)Income (loss) from continuing operations before income taxes(3)(7)Income taxes$(4)$(18)Income (loss) from continuing operations

24. Shareholders' Equity Comprehensive Capital PlanDuring 2024, Key did not complete any open market share repurchases. We repurchased $28 million of shares related to equity compensation programs. Consistent with our capital plan, the Board declared a quarterly dividend of $.205 per common share for each of the four quarters in 2024. These quarterly dividend payments brought our annual dividend to $.82 per common share for 2024.Scotiabank Investment On August 12,