Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 542

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 542
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 entirety on a recurring basis.

F-56

Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTSComerica Incorporated and Subsidiaries

Assets and Liabilities Recorded at Fair Value on a Recurring BasisThe following tables present the recorded amount of assets and liabilities measured at fair value on a recurring basis as of December 31, 2024 and 2023.(in millions)TotalLevel 1Level 2Level 3December 31, 2024Deferred compensation plan assets$89 $89 $— $— Equity securities46 46 — — Investment securities available-for-sale:U.S. Treasury securities1,277 1,277 — — Residential mortgage-backed securities (a)9,076 — 9,076 — Commercial mortgage-backed securities (a)4,692 — 4,692 — Total investment securities available-for-sale15,045 1,277 13,768 — Derivative assets:Interest rate contracts177 — 177 — Energy contracts416 — 416 — Foreign exchange contracts73 — 73 — Total derivative assets666 — 666 — Total assets at fair value$15,846 $1,412 $14,434 $— Derivative liabilities:Interest rate contracts$335 $— $335 $— Energy contracts400 — 400 — Foreign exchange contracts59 — 59 — Other financial derivative liabilities6 — — 6 Total derivative liabilities800 — 794 6 Deferred compensation plan liabilities91 91 — — Total liabilities at fair value$891 $91 $794 $6 December 31, 2023Deferred compensation plan assets$104 $104 $— $— Equity securities39 39 — — Investment securities available-for-sale:U.S. Treasury securities1,605 1,605 — — Residential mortgage-backed securities (a)10,519 — 10,519 — Commercial mortgage-backed securities (a)4,745 — 4,745 — Total investment securities available-for-sale16,869 1,605 15,264 — Derivative assets:Interest rate contracts225 — 225 — Energy contracts758 — 758