Company: KEY-PI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000091576-25-000038
Chunk: 105

Company: KEYCORP /NEW/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 105
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 not in effect or are not enforceable under bankruptcy laws, we do not adjust those derivative assets and liabilities with counterparties. Securities collateral related to legally enforceable master netting agreements is not offset on the balance sheet. Our derivative instruments are included in “accrued income and other assets” or “accrued expenses and other liabilities” on the Consolidated Balance Sheets, as indicated in the following table: December 31, 2024December 31, 2023  Fair Value (a) Fair Value (a)Dollars in millionsNotionalAmountDerivativeAssetsDerivativeLiabilitiesNotionalAmountDerivativeAssetsDerivativeLiabilitiesDerivatives designated as hedging instruments:Interest rate$64,701 $(4)$3 $44,621 $39 $12 Derivatives not designated as hedging instruments:Interest rate72,215 114 962 78,051 134 973 Foreign exchange6,516 124 117 6,034 89 73 Commodity8,778 363 343 11,611 721 698 Credit60 — — 121 — 1 Other (b)3,145 15 14 2,683 16 20 Total derivatives not designated as hedging instruments:90,714 616 1,436 98,500 960 1,765 Total155,415 612 1,439 143,121 999 1,777 Netting adjustments (c)— (363)(411)— (818)(473)Net derivatives in the balance sheet155,415 249 1,028 143,121 181 1,304 Other collateral (d)— — (1)— (1)(18)Net derivative amounts$155,415 $249 $1,027 $143,121 $180 $1,286 (a)We take into account bilateral collateral and master netting agreements that allow us to settle all derivative contracts held with a single counterparty on a net basis, and to offset the net derivative position with the related cash collateral when recognizing derivative assets and liabilities. As a result, we could have derivative contracts with negative fair values included in derivative assets and contracts with positive fair values included in derivative liabilities.(b)Other derivatives include interest rate lock commitments related to our residential mortgage banking activities, forward sales commitments related to our residential mortgage banking activities,