Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 82

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 82
---
 line items within the operating activities section of the Consolidated Statements of Cash Flows.The Corporation provided no financial or other support that was not contractually required to any of the above VIEs during the six months ended June 30, 2025 and 2024.

27

Table of ContentsNotes to Consolidated Financial Statements (unaudited)Comerica Incorporated and Subsidiaries

The following table summarizes the impact of these tax credit investments under the proportional amortization method on the Corporation’s Consolidated Statements of Comprehensive Income.Three Months Ended June 30,Six Months Ended June 30,(in millions)2025202420252024Provision for income taxes:Amortization of investments$21 $20 $43 $39 Tax credits(19)(21)(38)(38)Other income tax benefits related to tax credit entities(6)(3)(13)(8)Total provision for income taxes$(4)$(4)$(8)$(7)For further information on the Corporation’s consolidation policy, see Note 1 to the consolidated financial statements in the Corporation's 2024 Annual Report.

NOTE 8 - MEDIUM- AND LONG-TERM DEBT

Medium- and long-term debt is summarized as follows:(in millions)June 30, 2025December 31, 2024Parent companySubordinated notes:3.80% subordinated notes due 2026$246 $243 Medium- and long-term notes:4.00% notes due 2029533 519 5.982% notes due 20301,007 984 Total medium- and long-term notes1,540 1,503 Total parent company1,786 1,746 SubsidiariesSubordinated notes:4.00% subordinated notes due 2025349 345 7.875% subordinated notes due 2026155 157 5.332% subordinated notes due 2033469 451 Total subordinated notes973 953 FHLB advances:5.07% advance due March 2025— 1,000 4.79% advance due 2026999 997 4.49% advance due 20271,002 992 4.49% advance due 20281,002 985 Total FHLB advances3,003 3,974 Total subsidiaries3,976 4,927 Total medium- and long-term debt$5,762