Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 506

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 506
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 millions)December 31, 2024TotalLess than1 Year1-3Years4-5YearsMore than5 YearsDeposits without a stated maturity (a)$59,277 $59,277 Certificates of deposit and other deposits with a stated maturity (a)4,534 4,455 $68 $8 $3 Medium- and long-term debt (a)6,800 1,350 2,400 1,550 1,500 Operating leases423 67 123 84 149 Total contractual obligations$71,034 $65,149 $2,591 $1,642 $1,652 Medium- and long-term debt (parent company only) (a) (b)$1,800 $— $250 $550 $1,000 

(a)Deposits and borrowings exclude accrued interest.

(b)Parent company only amounts are included in the medium- and long-term debt minimum payments above.

In addition to contractual obligations, other commercial commitments of the Corporation impact liquidity. These include unused commitments to extend credit, standby letters of credit and financial guarantees, and commercial letters of credit. The following table summarizes the Corporation's commercial commitments and expected expiration dates by period.

Commercial Commitments

Expected Expiration Dates by Period(in millions)December 31, 2024TotalLess than1 Year1-3Years4-5YearsMore than5 YearsUnused commitments to extend credit$28,398 $6,416 $12,362 $6,002 $3,618 Standby letters of credit and financial guarantees4,138 3,690 340 105 3 Commercial letters of credit12 12 — — — Total commercial commitments$32,548 $10,118 $12,702 $6,107 $3,621 

Since many of these commitments expire without being fully drawn, and each customer must continue to meet the conditions established in the contract, the total amount of these commercial commitments does not necessarily represent the future cash requirements of the Corporation. Refer to Note 8 to the consolidated financial statements for a further discussion of these commercial commitments.

Other Market Risks

Market risk related to the Corporation's trading instruments is not significant, as trading activities are limited. Certain components of the Corporation's noninterest income, primarily fiduciary income, are at risk