Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 177

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 177
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 the underlying investments has been communicated to Key. The purpose of funding our capital commitments to these investments is to allow the funds to make additional follow-on investments and pay fund expenses until the fund dissolves. We, and all other investors in the fund, are obligated to fund the full amount of our respective capital commitments to the fund based on our and their respective ownership percentages, as noted in the applicable Limited Partnership Agreement.Changes in Level 3 Fair Value Measurements The following table shows the components of the change in the fair values of our Level 3 financial instruments measured at fair value on a recurring basis for the three and nine months ended September 30, 2025, and September 30, 2024. Dollars in millionsBeginning of Period BalanceGains (Losses) Included in Other Comprehensive IncomeGains (Losses) Included in EarningsPurchasesSalesSettlementsTransfers OtherTransfers into Level 3Transfers out of Level 3End of Period BalanceUnrealized Gains (Losses) Included in EarningsNine months ended September 30, 2025Other investmentsEquity investmentsDirect$2 $— $— (c)$— $— $— $— $— $— $2 $— Loans, net of unearned income (residential)10 — 1 — — — (1)— — 10 — Derivative instruments (a)Interest rate(4)— 10 (d)8 — — — (5)(e)(6)(e) 3 — Other (b)— — — — — — 1 — — 1 — Three months ended September 30, 2025Other investmentsEquity investmentsDirect$3 $— $(1)(c)$— $— $— $— $— $— $2 $— Loans, net of unearned income (residential)11 — — — — — (1)— — 10 — Derivative instruments (a)Interest rate2 — 1 (d)2 — — — — (e)(2)(e) 3 — Other (b)2 — — — — — (1)— — 1 — Doll