Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 52

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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 available, the Corporation uses present value techniques and other valuation methods to estimate the fair values of its financial instruments. These valuation methods require considerable judgment and the resulting estimates of fair value can be significantly affected by the assumptions made and methods used.Investment securities available-for-sale, derivatives, deferred compensation plans and equity securities with readily determinable fair values (primarily money market mutual funds) are recorded at fair value on a recurring basis. Additionally, from time to time, the Corporation may be required to record other assets and liabilities at fair value on a nonrecurring basis, such as impaired loans, loans held for sale, other real estate (primarily foreclosed property), nonmarketable equity securities and certain other assets and liabilities. These nonrecurring fair value adjustments typically involve write-downs of individual assets or application of lower of cost or fair value accounting.Refer to Note 1 to the consolidated financial statements in the Corporation's 2024 Annual Report for further information about the fair value hierarchy, descriptions of the valuation methodologies and key inputs used to measure financial assets and liabilities recorded at fair value, as well as a description of the methods and significant assumptions used to estimate fair value disclosures for financial instruments not recorded at fair value in their entirety on a recurring basis.

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Table of ContentsNotes to Consolidated Financial Statements (unaudited)Comerica Incorporated and Subsidiaries

Assets and Liabilities Recorded at Fair Value on a Recurring BasisThe following tables present the recorded amount of assets and liabilities measured at fair value on a recurring basis as of June 30, 2025 and December 31, 2024.(in millions)TotalLevel 1Level 2Level 3June 30, 2025Deferred compensation plan assets$86 $86 $— $— Equity securities47 47 — — Investment securities available-for-sale:U.S. Treasury securities1,271 1,271 — — Residential mortgage-backed securities (a)8,767 — 8,767 — Commercial mortgage-backed securities (a)4,836 — 4,836 — Total investment securities available-for-sale14,874 1,271 13,603 — Derivative assets:Interest rate contracts160 — 160 — Energy contracts585 — 585 — Foreign exchange contracts36 — 36 — Total derivative assets781 — 781 — Total assets at fair value$15