Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 203

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 203
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 Statements of Income. Income related to operating leases is recognized in “operating lease income and other leasing gains” on the Consolidated Statements of Income. The components of equipment leasing income are summarized in the table below: Three months ended June 30,Six months ended June 30,Dollars in millions2025202420252024Sales-type and direct financing leasesInterest income on lease receivable$14 $18 $29 $36 Interest income related to accretion of unguaranteed residual asset2 2 4 5 Interest income on deferred fees and costs5 5 10 10 Total sales-type and direct financing lease income$21 $25 $43 $51 Operating leasesOperating lease income related to lease payments$11 $19 $23 $37 Other operating leasing gains (losses)3 2 — 8 Total operating lease income and other leasing gains14 21 23 45 Total lease income$35 $46 $66 $96 

10. Goodwill Our annual goodwill impairment testing is performed as of October 1 each year, or more frequently as events occur or circumstances change that would more-likely-than-not reduce the fair value of a reporting unit below its carrying amount. A quantitative or qualitative testing approach may be used. Additional information pertaining to our accounting policy for goodwill and other intangible assets is summarized in Note 1 (“Summary of Significant Accounting Policies”) under the heading “Goodwill and Other Intangible Assets” beginning on page 117 of our 2024 Form 10-K. There were no changes to goodwill balances in the second quarter 2025.The carrying amount of goodwill by reporting segment is presented in the following table:Dollars in millionsConsumer BankCommercial BankTotalBALANCE AT JUNE 30, 2024$1,819 $933 $2,752 BALANCE AT DECEMBER 31, 2024$1,819 $933 $2,752 BALANCE AT JUNE 30, 2025$1,819 $933 $2,752 

11. Variable Interest Entities Our significant VIEs are summarized below. Additional information pertaining to the criteria used in determining if an entity is a VIE is included in Note 13 (“Variable Interest Entities”) beginning on page 156 of our 2024 Form 10-K.LIHTC and NMTC investments. We had $2.4