Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 563

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 563
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's 2008 sale of its remaining ownership of Visa shares and includes accrued interest receivable and payable.

F-71

Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTSComerica Incorporated and Subsidiaries

 December 31, 2024December 31, 2023  Fair Value Fair Value(in millions)Notional/ContractAmount (a)Gross Derivative AssetsGross Derivative LiabilitiesNotional/ContractAmount (a)Gross Derivative AssetsGross Derivative LiabilitiesRisk management purposesDerivatives designated as hedging instrumentsInterest rate contracts:Fair value swaps - receive fixed/pay floating$6,800 $— $— $6,300 $— $— Cash flow swaps - receive fixed/pay floating (b)23,350 — 3 24,850 — 8 Derivatives used as economic hedgesForeign exchange contracts:Spot, forwards and swaps453 3 — 560 1 3 Total risk management purposes30,603 3 3 31,710 1 11 Customer-initiated and other activitiesInterest rate contracts:Caps and floors written1,781 — 12 1,577 — 18 Caps and floors purchased1,781 12 — 1,577 18 — Swaps19,189 165 320 19,316 207 409 Total interest rate contracts22,751 177 332 22,470 225 427 Energy contracts:Caps and floors written3,460 — 201 3,719 3 291 Caps and floors purchased3,460 202 — 3,719 292 3 Swaps6,338 214 199 6,368 463 442 Total energy contracts13,258 416 400 13,806 758 736 Foreign exchange contracts:Spot, forwards, options and swaps3,117 70 59 2,751 35 32 Total customer-initiated and other activities39,126 663 791 39,027 1,018 1,195 Total gross derivatives$69,729 666 794 $70,737 1,019 1,206 Amounts offset in the Consolidated Balance Sheets:Netting adjustment - Offsetting derivative assets/liabilities(330)(330)(311)(311