Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 103

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 2
Chunk 103
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.(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 $23 million pertaining to mortgage servicing assets measured on a nonrecurring basis as of September 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 September 30, 2025, and December 31, 2024, are shown in the following tables. Assets and liabilities are further arranged by measurement category. September 30, 2025  Fair ValueDollars in millionsCarryingAmountLevel 1Level 2Level 3Measuredat NAVNettingAdjustment TotalASSETS (by measurement category)Fair value - net incomeTrading account assets (b)$972 $1 $971 $— $— $—   $972 Other investments (b) (h)921 — — 839 82 —   921 Loans, net of unearned income (residential) (d)10 — — 10 — —   10 Loans held for sale (residential) (b)62 — 62 — — —   62 Derivative assets - trading (b)213 57 481 4 — (329)(f) 213 Fair value - OCISecurities available for sale (b)40,456 — 40,456 — — —   40,456 Derivative assets - hedging (b)(g)17 — 17 — — — (f) 17 Amortized costHeld-to-maturity securities (c)7,509 — 7,164 — — —   7,164 Loans, net of unearned income (d)104,448 — — 101,186 — —   101,186 Loans held for sale (b)936 — — 936 —