Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 135

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 2
Chunk 135
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 and commodity prices. At June 30, 2025, our written put options had an average life of 1.3 years. These written put options are accounted for as derivatives at fair value, as further discussed in Note 7 (“Derivatives and Hedging Activities”). Written put options where the counterparty is a broker-dealer or bank are accounted for as derivatives at fair value but are not considered guarantees since these counterparties typically do not hold the underlying instruments. In addition, we are a purchaser and seller of credit derivatives, which are further discussed in Note 7 (“Derivatives and Hedging Activities”).Other Off-Balance Sheet RiskOther off-balance sheet risk stems from financial instruments that do not meet the definition of a guarantee as specified in the applicable accounting guidance, and from other relationships. Additional information pertaining to types of other off-balance sheet risk is included in Note 22 (“Commitments, Contingent Liabilities, and Guarantees”) under the heading “Other Off-Balance Sheet Risk” on page 174 of our 2024 Form 10-K.

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17. Accumulated Other Comprehensive IncomeOur changes in AOCI for the three and six months ended June 30, 2025, and June 30, 2024, are as follows:Dollars in millionsUnrealized gains (losses) on securities available for saleUnrealized gains (losses) on derivative financial instrumentsNet pension and postretirement benefit costsTotalBalance at December 31, 2024$(2,734)$(434)$(302)$(3,470)Other comprehensive income before reclassification, net of income taxes576 186 66 828 Amounts reclassified from AOCI, net of income taxes (a)— 140 1 141 Net current-period other comprehensive income, net of income taxes576 326 67 969 Balance at June 30, 2025$(2,158)$(108)$(235)$(2,501)Balance at March 31, 2025$(2,310)$(241)$(236)$(2,787)Other comprehensive income before reclassification, net of income taxes152 64 (1)215 Amounts reclassified from AOCI, net of income taxes (a)— 69 2 71 Net current-period other comprehensive income, net of income taxes152 133 1