Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 231

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 231
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 with the related cash collateral. Securities collateral related to legally enforceable master netting agreements is not offset on the balance sheet. Our derivative instruments are included in “accrued income and other assets” or “accrued expenses and other liabilities” on the Consolidated Balance Sheets, as follows: March 31, 2025December 31, 2024  Fair Value(a) Fair Value(a)Dollars in millionsNotionalAmountDerivativeAssetsDerivativeLiabilitiesNotionalAmountDerivativeAssetsDerivativeLiabilitiesDerivatives designated as hedging instruments:Interest rate$65,784 $4 $3 $64,701 $(4)$3 Derivatives not designated as hedging instruments:Interest rate68,737 113 741 72,215 114 962 Foreign exchange6,554 87 79 6,516 124 117 Commodity8,921 483 466 8,778 363 343 Credit84 — 7 60 — — Other (b)3,746 12 7 3,145 15 14 Total derivatives not designated as hedging instruments: 88,042 695 1,300 90,714 616 1,436 Netting adjustments (c)— (279)(528)— (363)(411)Net derivatives in the balance sheet153,826 420 775 155,415 249 1,028 Other collateral (d)— (1)(30)— — (1)Net derivative amounts$153,826 $419 $745 $155,415 $249 $1,027     (a)We take into account bilateral collateral and master netting agreements that allow us to settle all derivative contracts held with a single counterparty on a net basis, and to offset the net derivative position with the related cash collateral when recognizing derivative assets and liabilities. As a result, we could have derivative contracts with negative fair values included in derivative assets and contracts with positive fair values included in derivative liabilities.(b)Other derivatives include interest rate lock commitments related to our residential and commercial banking activities, forward sale commitments related to our residential mortgage banking activities, forward purchase and sales contracts consisting of contractual commitments associated with “to be announced” securities and when-issued securities, and other customized derivative contracts.(c)Netting adjustments represent the amounts recorded to convert our derivative assets and