Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 50

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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5

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 March 31, 2025 and December 31, 2024.(in millions)TotalLevel 1Level 2Level 3March 31, 2025Deferred compensation plan assets$86 $86 $— $— Equity securities46 46 — — Investment securities available-for-sale:U.S. Treasury securities1,287 1,287 — — Residential mortgage-backed securities (a)9,022 — 9,022 — Commercial mortgage-backed securities (a)4,793 — 4,793 — Total investment securities available-for-sale15,102 1,287 13,815 — Derivative assets:Interest rate contracts158 — 158 — Energy contracts577 — 577 — Foreign exchange contracts40 — 40 — Total derivative assets775 — 775 — Total assets at fair value$16,009 $1,419 $14,590 $— Derivative liabilities:Interest rate contracts$249 $— $249 $— Energy contracts562 — 562 — Foreign exchange contracts36 — 36 — Other financial derivative liabilities8 — — 8 Total derivative liabilities855 — 847 8 Deferred compensation plan liabilities88 88 — — Total liabilities at fair value$943 $88 $847 $8 December 31, 2024Deferred compensation plan assets$89 $89 $— $— Equity securities46 46 — — Investment securities available-for-sale:U.S. Treasury securities1,277 1,277 — — Residential mortgage-backed securities (a)9,076 — 9,076 — Commercial mortgage-backed securities (a)4,692 — 4,692 — Total investment securities available-for-sale15,045 1,277 13,768 — Derivative assets:Interest rate contracts177 — 177 — Energy contracts416 — 416 — Foreign