Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 80

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 80
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30,(in millions)2025202420252024Total interest on medium- and long-term debt (a)$81 $117 $261 $358 Fair value hedging relationships: Interest rate contracts:Hedged items68 84 219 252 Derivatives designated as hedging instruments13 33 42 106 (a) Includes the effects of hedging.    The following tables summarize the expected weighted average remaining maturity of the notional amount of risk management interest rate swaps, the weighted average interest rates associated with amounts expected to be received or paid on interest rate swap agreements, and for fair value swaps, the carrying amount of the related hedged items, as of September 30, 2025 and December 31, 2024.Cash flow swaps - receive fixed/pay floating rate on variable-rate loansSeptember 30, 2025December 31, 2024Weighted average:Time to maturity (in years)2.53.1Receive rate2.58  %2.55  %Pay rate (a)4.32 4.55 (a)Variable rates paid on receive fixed swaps designated as cash flow hedges were based on Secured Overnight Financing Rate (SOFR) rates in effect at September 30, 2025 and December 31, 2024.Fair value swaps - receive fixed/pay floating rate on medium- and long-term debt(dollar amounts in millions)September 30, 2025December 31, 2024Carrying value of hedged items (a)$5,422 $6,673 Weighted average:Time to maturity (in years)2.42.6Receive rate (b)3.68  %3.77  %Pay rate (b)4.46 4.80 (a)Included $(23) million and $(122) million of cumulative hedging adjustments at September 30, 2025 and December 31, 2024, respectively, which included a hedging adjustment on a discontinued hedging relationship of $1 million and $2 million at September 30, 2025 and December 31, 2024, respectively.(b)Floating rates paid on receive fixed swaps designated as fair value hedges are based on SOFR rates in effect at September 30, 2025 and December 31, 2024. 

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Table of ContentsNotes to Consolidated Financial Statements (unaudited)