Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 222

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 222
---
 each reporting period, we assess if these investments continue to qualify for this measurement alternative. At March 31, 2025, and December 31, 2024, the carrying amount of equity investments under this method was $419 million and $394 million, respectively. We recorded less than $1 million of adjustments or impairments for the three months ended March 31, 2025.Quantitative Information about Level 3 Fair Value MeasurementsThe range and weighted-average of the significant unobservable inputs used to measure the fair value of our material Level 3 recurring and nonrecurring assets at March 31, 2025, and December 31, 2024, along with the valuation techniques used, are shown in the following table: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