Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 133

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 133
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ITIESNet increase (decrease) in deposits977 (1,356)Net increase (decrease) in short-term borrowings206 (168)Net proceeds from issuance of long-term debt833 1,350 Payments on long-term debt(701)(1)Employee equity compensation program Common Share repurchases(35)(26)Net proceeds from reissuance of Common Shares2 3 Cash dividends paid(265)(229)NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES1,017 (427)NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS166 306 CASH AND DUE FROM BANKS AT BEGINNING OF PERIOD1,743 941 CASH AND DUE FROM BANKS AT END OF PERIOD$1,909 $1,247 Additional disclosures relative to cash flows:Interest paid$938 $990 Income taxes paid (refunded)(1)20 Noncash items:Reduction of secured borrowing and related collateral$1 $1 Loans transferred to portfolio from held for sale— 105 Loans transferred to held for sale from portfolio6 — Loans transferred to OREO2 2 

See Notes to Consolidated Financial Statements (Unaudited).

52

Notes to Consolidated Financial Statements (Unaudited)

1. Basis of Presentation and Accounting Policies The consolidated financial statements include the accounts of KeyCorp and its subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. Some previously reported amounts have been reclassified in the statements of income from “other income” to “net securities gains (losses).”The consolidated financial statements include any voting rights entities in which we have a controlling financial interest. In accordance with the applicable accounting guidance for consolidations, we consolidate a VIE if we have: (i) a variable interest in the entity; (ii) the power to direct activities of the VIE that most significantly affect the entity’s economic performance; and (iii) the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the VIE (i.e., we are considered to be the primary beneficiary). Variable interests can include equity interests, subordinated debt, derivative contracts, leases, service agreements, guarantees, standby letters of credit, loan commitments, and other contracts, agreements, and financial instruments. See Note 11 (“Variable Interest Entities”) for information on our involvement