Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 89

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 2
Chunk 89
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Other— 11 1 12 — 15 — 15 Derivative assets72 622 5 699 93 523 (4)612 Netting adjustments (b)— — — (279)— — — (363)Total derivative assets72 622 5 420 93 523 (4)249 Total assets on a recurring basis at fair value$72 $42,755 $18 $42,644 $93 $39,606 $8 $39,415 LIABILITIES MEASURED ON A RECURRING BASISBank notes and other short-term borrowings:Short positions$245 $833 $— $1,078 $107 $773 $— $880 Derivative liabilities:Interest rate— 744 — 744 — 965 — 965 Foreign exchange64 15 — 79 85 32 — 117 Commodity— 466 — 466 — 343 — 343 Credit— 1 6 7 — — — — Other— 7 — 7 — 14 — 14 Derivative liabilities64 1,233 6 1,303 85 1,354 — 1,439 Netting adjustments (b)— — — (528)— — — (411)Total derivative liabilities64 1,233 6 775 85 1,354 — 1,028 Total liabilities on a recurring basis at fair value$309 $2,066 $6 $1,853 $192 $2,127 $— $1,908 (a)Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheet.(b)Netting adjustments represent the amounts recorded to convert our derivative assets and liabilities from a gross basis to a net basis in accordance with the applicable accounting guidance. The net basis takes into account the impact of bilateral collateral and master netting agreements that allow us to settle all derivative contracts with a single counterparty on a net basis and to offset the net derivative position with