Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 189

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 189
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 to take into account the impact of legally enforceable master netting agreements that allow us to settle all derivative contracts with a single counterparty on a net basis and to offset the net derivative position with the related cash collateral. Securities collateral related to legally enforceable master netting agreements is not offset on the balance sheet. Our derivative instruments are included in “accrued income and other assets” or “accrued expenses and other liabilities” on the Consolidated Balance Sheets, as follows: September 30, 2025December 31, 2024  Fair Value(a) Fair Value(a)Dollars in millionsNotionalAmountDerivativeAssetsDerivativeLiabilitiesNotionalAmountDerivativeAssetsDerivativeLiabilitiesDerivatives designated as hedging instruments:Interest rate$63,050 $17 $— $64,701 $(4)$3 Derivatives not designated as hedging instruments:Interest rate74,725 147 574 72,215 114 962 Foreign exchange5,809 102 96 6,516 124 117 Commodity6,083 276 263 8,778 363 343 Credit78 — 8 60 — — Other (b)6,123 17 30 3,145 15 14 Total derivatives not designated as hedging instruments:92,818 542 971 90,714 616 1,436 Total derivatives155,868 559 971 155,415 612 1,439 Netting adjustments (c)— (329)(334)— (363)(411)Net derivatives in the balance sheet155,868 230 637 155,415 249 1,028 Other collateral (d)— (3)(1)— — (1)Net derivative amounts$155,868 $227 $636 $155,415 $249 $1,027 (a)We take into account bilateral collateral and master netting agreements that allow us to settle all derivative contracts held with a single counterparty on a net basis, and to offset the net derivative position with the related cash collateral when recognizing derivative assets and liabilities. As a result, we could have derivative contracts with negative fair values included in derivative assets and contracts with positive fair values included in derivative liabilities.(b)Other derivatives include interest rate lock commitments related to our residential and commercial banking activities, forward