Company: KEY-PI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000091576-25-000038
Chunk: 161

Company: KEYCORP /NEW/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 161
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566 Other direct noninterest expense889 947 942 1,831 2,074 1,844 Support and overhead(2,026)(1,929)(2,005)— — — Allocated income taxes (benefit) and TE adjustments(470)(65)65 (98)226 449 Income (loss) from continuing operations(1,537)(123)402 (163)964 1,911 Income (loss) from discontinued operations, net of taxes2 3 6 2 3 6 Net income (loss)$(1,535)$(120)$408 $(161)$967 $1,917 AVERAGE BALANCES (b)Loans and leases$482 $445 $438 $107,724 $118,004 $111,302 Total assets (a)67,420 61,492 61,404 186,815 191,627 185,886 Deposits2,279 6,221 2,058 146,155 144,059 146,862 OTHER FINANCIAL DATAExpenditures for additions to long-lived assets (a), (b)$115 $118 $198 $190 $193 $254 (a)Substantially all revenue generated by our reportable business segments is derived from clients that reside in the United States. Substantially all long-lived assets, including premises and equipment, capitalized software, and goodwill held by our reportable business segments, are located in the United States.(b)From continuing operations.

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26. Condensed Financial Information of the Parent Company CONDENSED BALANCE SHEETSDecember 31,Dollars in millions20242023ASSETSCash and due from banks$5,149 $2,727 Short-term investments26 17 Securities available for sale— — Other investments96 85 Loans to:Banks300 250 Nonbank subsidiaries— — Total loans300 250 Investment in subsidiaries:Banks16,770 14,789 Nonbank subsidiaries888 901 Total investment in subsidiaries17,658 15,690 Goodwill167 167 Corporate-owned life insurance188 197 Derivative assets— 1 Accrued income and other assets422 331 Total assets$24,006 $19,465 LIABILITIESAccrued