Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 182

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 182
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observable inputs is calculated using a weighting relative to fair value.(b)For significant unobservable inputs with no range, a single figure is reported to denote the single quantitative factor used.(c)Represents the aggregate amount of Level 3 assets and liabilities measured at fair value on a recurring basis that are individually and in the aggregate insignificant. The amount includes certain equity investments and certain financial derivative assets and liabilities.(d)Excludes $2 million pertaining to mortgage servicing assets measured on a nonrecurring basis as of June 30, 2025. Refer to Note 8 (“Mortgage Servicing Assets”) for significant unobservable inputs pertaining to these assets.

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Fair Value Disclosures of Financial InstrumentsThe levels in the fair value hierarchy ascribed to our financial instruments and the related carrying amounts at June 30, 2025, and December 31, 2024, are shown in the following tables. Assets and liabilities are further arranged by measurement category. June 30, 2025  Fair ValueDollars in millionsCarryingAmountLevel 1Level 2Level 3Measuredat NAVNettingAdjustment TotalASSETS (by measurement category)Fair value - net incomeTrading account assets (b)$1,374 $— $1,374 $— $— $—   $1,374 Other investments (b) (h)1,058 — — 978 80 —   1,058 Loans, net of unearned income (residential) (d)11 — — 11 — —   11 Loans held for sale (residential) (b)82 — 82 — — —   82 Derivative assets - trading (b)263 76 571 4 — (388)(f) 263 Fair value - OCISecurities available for sale (b)40,669 — 40,669 — — —   40,669 Derivative assets - hedging (b)(g)7 — 7 — — — (f) 7 Amortized costHeld-to-maturity securities (c)6,914 — 6,519 — — —   6,519 Loans, net of unearned income (d)104,932 — — 100,909 — —