Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 93

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 2
Chunk 93
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:Level 3 Asset (Liability) Valuation TechniqueSignificantUnobservable InputRange (Weighted-Average) (a), (b)Dollars in millionsMarch 31, 2025December 31, 2024March 31, 2025December 31, 2024Recurring    Loans, net of unearned income (residential)$10 $10 Market comparable pricingComparability factor68.00 - 95.00% (77.36%)68.00-95.00% (77.48%)Derivative instruments:Interest rate4 (4)Discounted cash flowsProbability of default.02 - 100% (4.50%).02 - 100% (5.00%)Loss given default0 - 1 (.496)0 - 1 (.500)Insignificant level 3 assets, net of liabilities(c)(2)2 Nonrecurring   Collateral-dependent loans69 152 Fair value of collateralCredit and liquidity discount0  - 100.00% (38.00%)0  - 100.00% (33.00%)Accrued income and other assets:OREO and other Level 3 assets16 14 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.

68

Fair Value Disclosures of Financial InstrumentsThe levels in the fair value hierarchy ascribed to our financial instruments and the related carrying amounts at March 31, 2025, and December 31, 2024, are shown in the following tables. Assets and liabilities are further arranged by measurement category. March 31, 2025  Fair ValueDollars in millionsCarryingAmountLevel 1Level 2Level 3Measuredat NAVNettingAdjustment TotalASSETS (by measurement category)Fair value - net incomeTrading account assets (b)$1,296 $— $1,296 $— $— $—   $1,296 Other investments (b)1,050