Company: KEY-PI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000091576-25-000038
Chunk: 65

Company: KEYCORP /NEW/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 65
---
 allocated to nonvested restricted shareholders, as these shareholders do not have a contractual obligation to fund the incurred losses. Net income attributable to common shares is then divided by the weighted-average number of common shares outstanding during the period.Diluted net income per common share is calculated using the more dilutive of either the treasury method or the two-class method. The dilutive calculation considers the potential dilutive effect of common stock equivalents determined under the treasury stock method. Common stock equivalents include stock options and service- and performance-based restricted stock and stock units granted under our stock plans. Net income attributable to 

120

common shares is then divided by the total of weighted-average number of common shares and common stock equivalents outstanding during the period.Accounting Guidance Adopted in 2024 StandardDate of AdoptionDescriptionEffect on Financial Statements or Other Significant MattersASU 2022-03, Fair Value Measurement - Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions (Topic 820)January 1, 2024The amendments clarify that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and is not considered in measuring fair value.Entities cannot, as a separate unit of account, recognize and measure a contractual sale restriction.The amendments require disclosures for equity securities subject to contractual restrictions including; the fair value of equity securities subject to contractual sale restrictions reflected in the balance sheet, the nature and remaining duration of the restriction(s) and the circumstances that could cause a lapse in the restriction(s).The guidance should be applied prospectively with any adjustments from the adoption of the amendments recognized in earnings and disclosed on the date of adoption.The guidance did not have a material impact on Key’s financial condition or results of operations.ASU 2023-07 Segment Reporting (Topic 280)January 1, 2024This guidance requires certain segment disclosures in annual and interim periods. It also clarifies that companies may report on additional measures if the chief operating decision maker uses more than one measure of a segment’s profit or loss in assessing segment performance and deciding how to allocate resources. The guidance should be applied on a retrospective basis.This guidance did not have a material impact on Key’s financial condition or results of operations.Key updated its segment disclosures in Note. 25, Business Segment Reporting, to reflect this new guidance.Accounting Guidance Adopted in 2025 StandardDate of AdoptionDescriptionEffect on Financial Statements or Other Significant MattersASU 2023-09 Income Taxes (Topic 740)Annual periods beginning January 1,