Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 124

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 2
Chunk 124
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 and other leasing gains” on the Consolidated Statements of Income. The components of equipment leasing income are summarized in the table below: Three months ended September 30,Nine months ended September 30,Dollars in millions2025202420252024Sales-type and direct financing leasesInterest income on lease receivable$13 $17 $42 $53 Interest income related to accretion of unguaranteed residual asset1 2 5 7 Interest income on deferred fees and costs6 5 16 15 Total sales-type and direct financing lease income$20 $24 $63 $75 Operating leasesOperating lease income related to lease payments$11 $16 $34 $53 Other operating leasing gains (losses)— — — 8 Total operating lease income and other leasing gains11 16 34 61 Total lease income$31 $40 $97 $136 

10. GoodwillOur annual goodwill impairment testing is performed as of October 1 each year, or more frequently as events occur or circumstances change that would more-likely-than-not reduce the fair value of a reporting unit below its carrying amount. A quantitative or qualitative testing approach may be used. Additional information pertaining to our accounting policy for goodwill and other intangible assets is summarized in Note 1 (“Summary of Significant Accounting Policies”) under the heading “Goodwill and Other Intangible Assets” beginning on page 117 of our 2024 Form 10-K. There were no changes to goodwill balances in the third quarter of 2025.The carrying amount of goodwill by reporting segment is presented in the following table:Dollars in millionsConsumer BankCommercial BankTotalBALANCE AT SEPTEMBER 30, 2024$1,819 $933 $2,752 BALANCE AT DECEMBER 31, 2024$1,819 $933 $2,752 BALANCE AT SEPTEMBER 30, 2025$1,819 $933 $2,752 

11. Variable Interest EntitiesOur significant VIEs are summarized below. Additional information pertaining to the criteria used in determining if an entity is a VIE is included in Note 13 (“Variable Interest Entities”) beginning on page 156 of our 2024 Form 10-K.LIHTC and NMTC investments. We had $2.5 billion and $2.5 billion of investments in LIHTC operating partnerships