Company: KEY-PI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000091576-25-000038
Chunk: 109

Company: KEYCORP /NEW/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 109
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 pre-tax net gains (losses) on our cash flow hedges for the years ended December 31, 2024, December 31, 2023, and December 31, 2022, and where they are recorded on the income statement. The table includes net gains (losses) recognized in OCI during the period and net gains (losses) reclassified from AOCI into income during the current period.

147

Dollars in millionsNet Gains (Losses)Recognized in OCIIncome Statement Location of Net Gains (Losses)Reclassified From OCI Into IncomeNet Gains(Losses) ReclassifiedFrom OCI Into IncomeTwelve Months Ended December 31, 2024Cash Flow HedgesInterest rate$(450)Interest income — Loans$(733)Interest rate2 Interest expense — Long-term debt(2)Interest rate— Investment banking and debt placement fees— Total$(448)$(735)Twelve Months Ended December 31, 2023Cash Flow HedgesInterest rate$(294)Interest income — Loans$(956)Interest rate— Interest expense — Long-term debt(2)Interest rate5 Investment banking and debt placement fees5 Total$(289)$(953)Twelve Months Ended December 31, 2022Cash Flow HedgesInterest rate$(1,660)Interest income — Loans$(146)Interest rate7 Interest expense — Long-term debt(3)Interest rate11 Investment banking and debt placement fees9 Total$(1,642)$(140)Nonhedging instruments. The following table summarizes the pre-tax net gains (losses) on our derivatives that are not designated as hedging instruments for the years ended December 31, 2024, December 31, 2023, and December 31, 2022, and where they are recorded on the income statement. 202420232022Year ended December 31,Dollars in millionsCorporateservicesincomeConsumer mortgage incomeOtherincomeTotalCorporateservicesincomeConsumer mortgage incomeOtherincomeTotalCorporateservicesincomeConsumer mortgage incomeOtherincomeTotalNET GAINS (LOSSES)Interest rate$35 $— $— $35 $41 $— $— $41 $57 $— $6 $63 Foreign exchange50 — — 50 50 — — 50 52 — — 52