Company: KEY-PI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000091576-25-000038
Chunk: 94

Company: KEYCORP /NEW/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 94
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.67 -  89.60% (70.83%)Derivative instruments:Interest rate(4)2 Discounted cash flowsProbability of default.02 - 100% (5.00%).02 - 100% (5.30%)Loss given default0 - 1 (.50)0 - 1 (.48)Insignificant level 3 assets, net of liabilities(c)2 4 Nonrecurring   Collateral dependent loans152 104 Fair value of underlying collateralLiquidity discount0 - 100.00% (33.00%)0  - 10.00% (5.00%)Accrued income and other assets:(d)OREO and other assets14 21 Appraised valueAppraised valueN/MN/M(a)The weighted average of significant unobservable inputs is calculated using a weighting relative to fair value.(b)For significant unobservable inputs with no range, a single figure is reported to denote the single quantitative factor used.(c)Represents the aggregate amount of level 3 assets and liabilities measured at fair value on a recurring basis that are individually and in the aggregate insignificant. The amount includes certain equity investments and certain financial derivative assets and liabilities.(d)Excludes $8 million pertaining to mortgage servicing assets measured as of December 31, 2023. Refer to Note 9 (“Mortgage Servicing Assets”) for significant unobservable inputs pertaining to these assets.

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Fair Value Disclosures of Financial InstrumentsThe levels in the fair value hierarchy ascribed to our financial instruments and the related carrying amounts at December 31, 2024, and December 31, 2023, are shown in the following table. Assets and liabilities are further arranged by measurement category. December 31, 2024  Fair ValueDollars in millionsCarryingAmountLevel 1Level 2Level 3Measuredat NAVNettingAdjustment TotalASSETS (by measurement category)Fair value - net incomeTrading account assets (b)$1,283 $— $1,283 $— $— $—   $1,283 Other investments (b)1,041 — — 969 72 —   1,041 Loans, net of unearned income (residential) (d)10 — — 10 — —   10 Loans held for sale (residential) (b)93 —