Company: KEY-PI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000091576-25-000038
Chunk: 163

Company: KEYCORP /NEW/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 163
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ity in net (income) loss less dividends from subsidiaries588 (575)(1,521)Net (increase) decrease in accrued income and other assets(91)44 23 Net increase (decrease) in accrued expenses and other liabilities25 3 (24)Other operating activities, net(706)122 (480)NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES(325)564 38 INVESTING ACTIVITIESNet (increase) decrease in securities available for sale and in short-term and other investments(19)(14)(26)Cash used in acquisitions— — — Advances to subsidiaries(250)— — Sale or repayments of advances to subsidiaries200 16 (200)NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES(69)2 (226)FINANCING ACTIVITIESNet proceeds from issuance of long-term debt1,000 — 1,350 Payments on long-term debt— — — Repurchase of Treasury Shares(28)(73)(44)Net cash from the issuance (redemption) of Common Shares and preferred stock— — 590 Net proceeds from Scotiabank investment2,771 — — Cash dividends paid(927)(912)(855)NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES2,816 (985)1,041 NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS2,422 (419)853 CASH AND DUE FROM BANKS AT BEGINNING OF YEAR2,727 3,146 2,293 CASH AND DUE FROM BANKS AT END OF YEAR$5,149 $2,727 $3,146 

KeyCorp paid interest on borrowed funds totaling $215 million in 2024, $171 million in 2023, and $137 million in 2022. 

181

27. Revenue from Contracts with Customers The following table represents a disaggregation of revenue from contracts with customers, by line of business. Additional details of our revenue recognition policies and components of our noninterest income line items is provided within Note 1 (“Summary of Significant Accounting Policies”) under the heading “Revenue Recognition.” Year ended December 31,2024Dollars in millionsConsumer BankCommercial BankTotal Contract RevenueNONINTEREST INCOMETrust and investment services income$449 $69 $