Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 543

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 543
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— Foreign exchange contracts36 — 36 — Total derivative assets1,019 — 1,019 — Total assets at fair value$18,031 $1,748 $16,283 $— Derivative liabilities:Interest rate contracts$435 $— $435 $— Energy contracts736 — 736 — Foreign exchange contracts35 — 35 — Other financial derivative liabilities12 — — 12 Total derivative liabilities1,218 — 1,206 12 Deferred compensation plan liabilities104 104 — — Total liabilities at fair value$1,322 $104 $1,206 $12 (a)Issued and/or guaranteed by U.S. government agencies or U.S. government-sponsored enterprises.There were no transfers of assets or liabilities recorded at fair value on a recurring basis into or out of Level 3 fair value measurements during the years ended December 31, 2024 and 2023.

F-57

Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTSComerica Incorporated and Subsidiaries

The following table summarizes the changes in Level 3 assets and liabilities measured at fair value on a recurring basis for the years ended December 31, 2024 and 2023.Net Realized/Unrealized Gains (Pretax) Recorded in Earnings (a)Balance at Beginning of PeriodBalance at End of Period(in millions)RealizedUnrealizedYear Ended December 31, 2024Derivative liabilities:Other financial derivative liabilities$(12)$6 $— $(6)Year Ended December 31, 2023Derivative liabilities:Other financial derivative liabilities$(12)$— $— $(12)(a)Realized and unrealized gains and losses due to changes in fair value recorded in other noninterest income on the Consolidated Statements of Income.Assets and Liabilities Recorded at Fair Value on a Nonrecurring BasisThe Corporation may be required to record certain assets and liabilities at fair value on a nonrecurring basis. These include assets that are recorded at the lower of cost or fair value, and were recognized at fair value since it was less than cost at the end of the period.The following table presents assets recorded at fair value on a nonrecurring basis at December 31, 2024 and 2023. No liabilities were recorded at fair value on a nonrecurring basis at