Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 283

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 283
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 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 1 286 Balance at June 30, 2025$(2,158)$(108)$(235)$(2,501)Balance at